The XAU/USD gold chart today indicates that the historical record price of the metal is above USD 2,400 per ounce. In addition to fears of a new round of inflation due to rising commodity prices, Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDJPY Forex pair, published in members area of the website. As our members know we Read more…
ECB Governing Council member Olli Rehn highlighted in a statement that reduction in policy restrictions could commence in June as long as “inflation continues to fall as projected.” But he also addressed the predominant risks, Read more…
AUDUSD extends slide after breaking lower bound of range MACD and RSI detect bearish momentum Break below 0.6390 could aim for 0.6335 Recovery above 0.6500 could signal return within range AUDUSD extended its tumble on Read more…
EURUSD challenges new 5-month low Penetrates symmetrical triangle to the downside MACD and RSI continues bearish momentum EURUSD has been losing more than 2.5% since the pullback from the 1.0880 resistance level and is challenging Read more…
Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected Read more…
Daily Pivots: (S1) 190.70; (P) 191.71; (R1) 193.01; More.. Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 Read more…
Daily Pivots: (S1) 162.90; (P) 163.67; (R1) 164.68; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance Read more…
Daily Pivots: (S1) 0.8525; (P) 0.8539; (R1) 0.8551; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue Read more…
Daily Pivots: (S1) 1.6438; (P) 1.6468; (R1) 1.6521; More… Intraday bias in EUR/AUD turned back to the upside with break of 1.6516 resistance. Further rally would be seen to 1.6677 resistance next. Break there will Read more…