how low/high can eurtry go ? At the beginning of 2014 we saw the eurtry reached to high records above 3.20 levelSince then he went down to 2.60 at January 2015Closer look on the charts show us couple things:The EURTRY pair is struggling to break above the strong resistance zone of 2.89 – 2.90, previous support level provide a significant…
4 Reasons You Should be Talking About Oil Crude Oil fell toward $50.54 a barrel ,yesterday ,there is so many reason for the large volatility in the market China’s stock market plunge , Greek debt crisis those 2 problems raised the possibility of weaker economic growth that could hit oil demandDon’t forget Iran- In Vienna until Friday there is negotiate for an agreement…
china markets :The same pattern as 2007-2008…… Shanghai shares closed down nearly six percent Friday, lost almost 30 percent from the pick on June 15,200 pointschina’s government relaxing rules on margin trading have failed to arrest the declines, margin loans have increased more than fivefold in a year to 2.2 trillion yuan ($350 billion).” china’s securities regulator has pledged to…
gold price technical forecast Today we have non-farm payrolls today, and U.S. market will close on 3 July. We also can see that for now that Greece don’t seem to be impacting on gold.From the side of the private investor we see that apx 80% are holding long position on gold, Investors have been adding to holdings as Greece’s debt crisis…
Greece Creates Panic in Financial Markets EUR/USD has already plunged today more than 200 pips against the dollar,In the Unite States, stock market futures are also down over 2%. European Central Bank (ECB) announced today they have cut off funding to Greek Banks, forcing the banks to close until further notice. From the technical view we can see couple things :…
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silver price will it lead to new lows the near future If Silver re-tests and break support region around $15.30 levels as depicted on the daily chart view here then we are prob going to see new lows – im expecting to see narrow down time frames and possible Major Cycle Low targets .if we will look closely the charts we can…
platinum price break important levels watch closely …… from my last review at 10 .03. 2015:platinum price struggling ….platinum price struggling …. “Platinum xpt/usd price remains negative as we are close to 1100 and 1080 levels main support previous level, therefore, the price below those current support level will take the negative momentum to achieve lower prices Expected trading range…
Usd try Technical update for 18.06.2015 : we can see the pattern in the chart it show us that there triangle for upside move to 2.89 area or Downside to 2.57 area ,break down 2.71 area will accelerate the downside momentum USD/TRY has recently touched a strong resistance level, the overall outlook remain bullish, and the downside should be limited by the potential…
gbpusd technical forecast analysis from my last post on may 2015“GBP/USD currency pair, is building a bullish channel pattern. support level is 1.5400 , as long as the prices are traded above it key resistance at 1.5920-40 area,break up this area will lead him to higher levels GBPUSD got a triple shot with a negative inflation reading in the UK…