AUDCAD breaks long standing support Several things about the trend of the AUDCAD cross You can see that in recent years we have witnessed, with two major correlations, sufficient identity both major pairs, related, commodity prices significantly, and they are:Australian dollar, versus the gold priceCanadian dollar, versus the price of oilWhen correlation is : when the price of goods goes down,…
crude oil seem to show some corrections ahead oil seem to put short term bottom be in place at 37.75 in crude oil. Further rebound is expected in near term. However, strong resistance would likely be seen around 53-55 psychological level, which coincide with strong resistance on the bands ,we need to see the oil stay above 41.30-42.60 for…
sp500 trend it’s the moment of truth You can see a number of things on the graphI’ll start it, you can see similarities, the move took place in the index in 2011Strong candle down, hammer candle green. But ….. the last time. Increase in turnover, was higher than declining,And that’s not the case at the momentBack certain area above the 2048-2062…
Why USDCHF is a Blankety-Blank usdchf consolidating for more than three months across a technical retrenchment zoneYou may notice, the technical format of the triangular formation reflect at the chartmove above 0.9720 – 0.9860 opens a clear bullish sign area could trigger further bullish pressure to higher levels such as 1.12move below 0.9330 – 0.9260 opens a clear bearish sign area could trigger…
Doing Eurusds theRight Way my last review on 22.8.2015 :eurusd going to 1.1650-1.1730 As long as he keeps over the area 1:11When, stops on the way: 1.1240 1.1320 1.1460 eurusd update for 28.8.2015 :EURUSD traded at the last day’s lows in 1.1250 areas. Breaking down 1.1060 area will lead of the potential for further declines. Technically, a corrective low from August 21 at 1.17…
USDJPY Strengthened to 125.90 from 125.30 Last June session on Friday as the markets decline and Shuffle strap broke several months.119.60 area could be resistive, but crossing up this leves will probably take usdjpy to 123-124 area and even to 127. With the high vol and low closed on friday closed, there seems to be quite a bit of underlying selling pressure…
Turkish lira hits all time numbers USD/TRY made sharp move this early morning and climbing to 3.0 area.investor are concerns about security situation and political situationPresident Tayyip Erdogan cautioned that Turkey is rapidly heading toward an election.Meanwhile PKK bombing kills 8 Turkish soldiers in southeast , adding that the likely Fed monetary tightening this year would “definitely” affect Turkey negatively. from the technical side:we…
Why EurAud are the Secret Ingredient Bearish Run of Australian Dollar (AUD) Start with Economic Data from China, Weak data arrived from China over the weekend, disappointing expectations as the year-on-year Exports in particular reported a decrease of unanticipated severity, contracting by -8.3%. The continued slowdown of the Chinese economy is still weighing on the commodity currencies, with the ‘Aussie’…
eurusd comeback or its just correction time eurusd was pushed higher after last Friday NFP result, Friday close and a move to new day highs. earlier in the Asia-Pacific session, the price found support buyers in 1.0920 area. Fed’s Fischer suggests September rate hike not a done deal “The interesting situation in which we are is that employment has…