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moonwalker
Number of messages : 20
Points : 1570
Date of Entry : 2013-10-28

Daily Technical Analysis

on Tue Dec 03, 2013 12:37 pm
Message reputation : 50% (2 votes)
Forex Analytical 
18.01.2017

EUR/USD strong resistance broken, time to go bullish

We turn bullish on EURUSD after it has broken a previously strong support level. We are bullish above 1.0677 support (multiple swing high support, Fibonacci retracement, price action) and hope to see price make a push up to 1.0795 (major swing high resistance). RSI (34) has made a bullish exit signalling a rise is expected. Buy above 1.0677. Stop loss at 1.0580. Take profit at 1.0796.

Read more,,,,


Last edited by moonwalker on Fri Dec 30, 2016 9:02 pm; edited 1 time in total
moonwalker
Number of messages : 20
Points : 1570
Date of Entry : 2013-10-28

Re: Daily Technical Analysis

on Wed Jan 18, 2017 7:44 pm
Daily analysis of Gold 
for January 18, 2016



Gold price eventually confirmed breaching $1,211.31 after closing the daily candlestick above it. This supports the continuation of the bullish rally on the intraday and short-term basis. Besides, it opens the way towards $1,249.94 in the short run. The metal is to trade within the bullish channel that is displayed on the chart. 

Therefore, we are waiting for a clearer upside track in the near sessions that is supported by the EMA50. We are being aware that breaking $1,211.31 and then $1,200.00 will stop the bullish rally and push the price down to visit $1,172.68 before any new attempt to rise. The expected trading range for today is between $1,200.00 support and $1,235.00 resistance.

Read more,,,,

moonwalker
Number of messages : 20
Points : 1570
Date of Entry : 2013-10-28

Daily analysis of major pairs for January 19, 2017

on Thu Jan 19, 2017 3:00 pm

EUR/USD

There is a bullish signal on the EUR/USD pair. The EMA 11 is above the EMA 56 and the Williams' % Range period 20 is trying to slope upwards, after just leaving the overbought region. A further upwards movement is anticipated and the resistance lines at 1.0700 and 1.0750 would soon be tested.


GBP/USD

The GBP/USD pair is now in a bullish mode, though price retraced lower yesterday. The bearish retracement may turn out to be an excellent opportunity to go long in the context of a short-term uptrend. Some fundamental figures are coming out today and tomorrow and they may have impact on the markets.


Read more,,,,
moonwalker
Number of messages : 20
Points : 1570
Date of Entry : 2013-10-28

Re: Daily Technical Analysis

on Thu Jan 26, 2017 10:59 am
Message reputation : 100% (1 vote)

EUR/USD

01.26.2017



TODAY'S TECHNICAL LEVEL:

  • Breakout BUY Level: 1.0816.
  • Strong Resistance:1.0810. Original Resistance: 1.0799.
  • Inner Sell Area: 1.0788.
  • Target Inner Area: 1.0763.
  • Inner Buy Area: 1.0738.
  • Original Support: 1.0727.
  • Strong Support: 1.0716. Breakout SELL Level: 1.0710.


When the European market opens, some Economic Data will be released, such as Italian 10-y Bond Auction, Italian Retail Sales m/m, GfK German Consumer Climate and Spanish Unemployment Rate. The US will release the economic data, too, such as Natural Gas Storage, CB Leading Index m/m, New Home Sales, Flash Services PMI, Prelim Wholesale Inventories m/m, Goods Trade Balance and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. Read more,,,,
meetinstafx
Number of messages : 25
Points : 902
Date of Entry : 2015-10-28
Year : 34
Residence Country : Wallingatan 34 Stockholm 11124 Sweden

Re: Daily Technical Analysis

on Tue Feb 07, 2017 3:07 pm
Gold analysis for February 07, 2017



Recently, gold has been trading upwards. The price tested the level of $1,235.70. According to the 30M time frame. Hidden unconfirmed bearish divergence in the background and broken upward trendline,  sign of potential weakness. Advice is to watch for potential selling opportunities. The price also broke previous support at the level of $1,231.40. Trading recommendations for today: watch for potential selling opportunities.

Fibonacci retracement to find potential downward targets.

  • Fibonacci retracement 38.2% at the price of $1,224.50 and
  • Fibonacci retracement 61.8% at the price of $1,217.70.
  • Fibonacci pivot points : Resistance levels : R1: 1,234.45 R2: 1,238.40 R3: 1,244.85 Support levels: S1: 1,221.50 S2: 1,217.50 S3: 1,211.00


                                                    Read more.....
meetinstafx
Number of messages : 25
Points : 902
Date of Entry : 2015-10-28
Year : 34
Residence Country : Wallingatan 34 Stockholm 11124 Sweden

Re: Daily Technical Analysis

on Mon Nov 13, 2017 10:52 pm
USD/JPY
for November 13, 2017



USD/JPY is expected to trade with bearish outlook. Despite the recent pullback, the pair is still trading below the declining 50-period moving average, which plays a resistance role. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Hence, as long as 113.75 holds on the upside, look for a further downside with targets at 113.20 and 112.90 in extension. Alternatively, if the price moves in the opposite direction, a short position is recommended above 113.75 with a target at 114.05.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 113.75, Take Profit: 113.20
Resistance levels: 114.05, 114.30 and 114.65
Support Levels: 113.20, 112.90, 112.50


Licenses and regulations:
* Instant Trading EU Ltd licensed by CYSEC, License number 266/15
* Instant Trading EU Ltd (Cyprus) is registered with FCA (UK), Reference number 728735
* Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082
* Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945
* nstaForex IT UK Ltd, a company incorporated in England and Wales, Reg. Number 10802032
Contact us!
meetinstafx
Number of messages : 25
Points : 902
Date of Entry : 2015-10-28
Year : 34
Residence Country : Wallingatan 34 Stockholm 11124 Sweden

Re: Daily Technical Analysis

on Wed Nov 15, 2017 2:33 pm
Bitcoin analysis for 15. November.2017 


im Draper, a technical investor who has helped create companies such as Skype, Tesla and Twitter, has a reason to praise Bitcoin because its $ 20 million digital currency investment has grown by over 1,000 percent in just three years. 

Draper predicts that in five years the fiat currency will be so outdated that it will be ridiculous. He first got involved in Bitcoin after he bought 30,000 units in the government auction of assets confiscated from Silk Road in 2014. While Draper may now be on the defensive after his ICO - Tezos - entangled in the scandal leading to a class action lawsuit, he is still very optimistic about the future of the father of all digital currencies. 

Draper told Forbes magazine: "In five years, if you try to use fiduciary currency, they will laugh at you. Bitcoin and other cryptanalysts will be so important ... there will be no reason to have a fiat currency." Bitcoin and the rest of the cryptocurrency market have recently reached over $ 200 billion, and Wall Street has refueled the fire, announcing trading in Bitcoin futures. 

However, this is paltry in comparison with the trillions of dollars in the global supply of fiat money. However, the fact that Bitcoin gained more than 600% this year is enough reason to believe that it is on a wave of fluctuations towards the fictitious market. Draper explains what the constraints are, which really begin to harass the progressive and thinking global population. Crossing the border for any currency is never a pleasant or easy task. 

Nigeria's Naira falls by 30% when you cross the state line. Outside of Argentina the Peso in this country is almost worthless currency, and there are other countries where the situation looks very similar. In Zimbabwe and Venezuela currencies either disappear completely, or are on the verge of total collapse. Bitcoin knows what needs to be done to raise it. 

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The price has broken out above the 50% Fibo and now is trying to test the 61% Fibo at the level of $6,980. This level is almost in line with the key resistance level at $6,983, so both of them are creating a strong reversal zone. Moreover, the market conditions are close to becoming overbought, so the top of the wave 2 or B might be established soon around this levels. With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.


Licenses and regulations:
* Instant Trading EU Ltd licensed by CYSEC, License number 266/15
* Instant Trading EU Ltd (Cyprus) is registered with FCA (UK), Reference number 728735
* Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082
* Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945
* nstaForex IT UK Ltd, a company incorporated in England and Wales, Reg. Number 10802032
Contact us!
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