USD/JPY Technical Analysis Although the jpy succeeded in crossing the hurdle of 110.30 to the dollar and even reached the level of 111.34… And this big but closed the trading week below 110 levelNow the situation is not certain and we may have seen a false breakthrough hereIf U.S.-China trade negotiations or U.S.-North Korea peace talks cancellations/ develop in a…
oil prices analysis last week we saw crude oil made some kamikaze moves from record levels of 72.80 at the beginning of the week and closing the week on 67.24 $ – more than 5% move ( its a lot )Heavy volumes of over 700,000 contracts for July WTI crude its massive daily range of $3.31 between high to lowThe bearish action accrues due…
Turkish Lira Analysis Yesterday we saw an audiovisual show of the Turkish Lira, It was probably the day of change ….Such a gesture suggests something big – 20% weaker in a month – does not seem like thatThe Turkish Lira has made an incredible move of almost a penny in one monthYesterday the Turkish lira broke all records of all…
Financial markets and currencies show nervousness… Get ready for something big in the marketsFX is very nervousThe movements we see are movements of something big beneath the surfacethe dollar made a big move on most of the pairsSome broke low and some did notGet ready for repair – a probability of over 70% that it will start todayI’ll update and…
GOLD PRICE TECHNICAL ANALYSIS gold break down major support and cross down 1305 $ , also we can see thatGold failed to break up the upper bounder in 1360- 70$, we can see very clearly on the charts – trading between 1200-1360+- areasThe big question is when this shuffle trend will finish: will it go to 1400$ Or 1100$? We…
Forex Market Analysis EUR/USD dropped to 1.1830 last week and recovered a bit. Euro – resistance at 1.2070+_ only closed above this level will confirm more up moves while failing to hold above this level will bring for more down moves to 1.1670+_ In the long term, the chance of long-term bullish reversal is going down as long as the…
Trade correlation between the price of oil and Canadian dollar The price of oil versus the Canadian price is not as balanced as it has been throughout historyThere is a very big distortion between the twoI understand that there is a lot of politics now: positive pressure on Iran’s oil and the tension in the Middle East,And the Canadian because the…
Turkish lira Analysis Forecast I was wrong in my assessments of the Turkish lira – I mean the maximum area of 4.18-4.22 and the Turkish pound easily bypassed it due to the tension in the Middle East and the strengthening of the dollar in the worldThe Turkish lira dived and reached a peak today all the low against the dollar…
crude oil technical analysis forecast last march I posted an analysis for crude oil I just want to put this chart here – One picture is worth 1000 words now we are very close to those areas – it will be very crucial for crude oil prices : This review does not including any document and/or file attached to it as an advice or…