analitic

Technical analysis of USD/CHF for May 31, 2016

USD/CHF is under pressure. The pair stays below its key resistance at 0.9935 and looks for choppy price action with a bearish bias, as both the 20-period and 50-period moving averages are badly directed. Even though a technical rebound cannot be ruled ... [...]

Technical analysis of NZD/USD for May 31, 2016

NZD/USD is expected to trade with bullish bias. The pair managed to break above its previous key resistance at 0.6705, which should confirm a bullish reversal. The 20-period moving average also crossed above the 50-period one. Besides, the relative str... [...]

Technical analysis of GBP/JPY for May 31, 2016

GBP/JPY is expected to trade in higher range as bias remains bullish. The pair has accelerated on the upside and is currently supported by its rising 50-period moving average. The bias remains bullish, and further advance is expected with a challenge o... [...]

Gold analysis for May 31 , 2016

Since our previous analysis, gold has been trading upwards. The price tested the level of $1,214.08 in an average volume. According to the 30M time frame, I found a potential bearish flag formation. Watch for potential breakout of an upward channel to ... [...]

Global macro overview for 31/05/2016

Global macro overview for 31/05/2016:The German unemployment data were released this morning and they were better than expected. The unemployment rate decreased from the level of 6.2% to the level of 6.1%, which is the lowest level since the reunificat... [...]

Technical analysis of NZD/USD for May 31, 2016

Overview: The NZD/USD pair was trading around the area of 0.6713 a day ago. Today, the level of 0.6713 represents a daily pivot point in the H1 time frame. The pair has already formed minor resistance at 0.6730 and the strong resistance is seen at the... [...]

Global macro overview for 31/05/2016

Global macro overview for 31/05/2016:The Friday's remarks of FED Chairperson Jannet Yellen are still being digested by financial markets as dollar gains across the board and global indices are edging higher. Yellen's rhetoric regarding the interest rat... [...]

Technical analysis of USD/CHF for May 31, 2016

Overview: The USD/CHF pair movement was controversial as it took place in a narrow sideways channel for a while. The market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.9929 and 0.9895. The d... [...]

Technical analysis of USD/CAD for May 31, 2016

General overview for 31/05/2016:The abc corrective cycle in wave ii might have been completed and now the market might try to breakout above the wave i top at the level of 1.3094 to continue to develop wave (iii) green. The invalidation line for this c... [...]

Technical analysis of EUR/JPY for May 31, 2016

General overview for 31/05/2016:The black impulsive count was invalidated due to overlaps of wave one and wave two. This is against the Elliott wave rules. Therefore, the new Elliott wave count was prepared to incorporate the latest developments. First... [...]