Sforex

Sforex

I don't trade GOLD because GOLD is very hard to trade. It's very difficult to understand what dynamic drives GOLD price. Gold price moves opposite with dollar, when you consider gold, you must consider USDOllar index too. In this topic, I just show some interesting matter regarding to GOLD. that's Fib channel which Tradingview provided. I draw on the chart,...

Sforex

I don't have much idea for this pair next week. No major economic reports regarding to NZD and USD are released next week because of long holiday. The market is just noisy when traders come back after New Year Eve. As we knew, FED taper decision drags NZDUSD lower recent weeks, but be careful, because RBNZ still keep their hawkish stance, they will raise...

Sforex

- Fundamental Analysis: I always consider fundamental factors governing the direction of the price before analyzing Chart because if I don’t do that, it looks like a blind drives a car. FA must be considering previous TA: That’s the way I trade Forex. + USD: - What we had recent days?. That is FED decided to unwind their Stimulus QE3. They begin taper next month...

Sforex

- Technical Analysis: I show on the chart the key support level: 1.056 This is an important level which if price breaks this level; U/C cannot its uptrend anymore. I show three times U/C test this level and bound back. This is very rigid benchmark and U/C cannot pierce this level unless market provides enough force. However, fundamental elements now support...

Sforex

- Fundamental Analysis: One unexplainable day of USDCAD, when CPI(YoY) of Canada was released, this pair once again test 1.0740 level, but after this pair was trade lower very fast. SELL force was so strong I cannot understand why it was happen. USDCAD lost 100pips in 6 consecutive hours and stopped at 23.6 Fib retracement I show on the chart.( Look at the...

Sforex

Fundamental Analysis: - The focus next week is FOMC Minutes on Wednesday. This is the last Minutes of the year before Xmas holiday, and decisions of FED will orient the greenback move next month. Last week, we saw a sell-off AUD , A/U lost 0.9000 benchmark. This is a key support, if this support is broken, A/U will lower. RBA told that they felt uncomfortable...

Sforex

On the Monthly Chart, I show bubbles which US confronted. We are facing a new Bubble : Stimulus Bubble. FED know they are providing doping for this bubble: If this bubble is broken, the effect will be extreme terrible. FED should taper as soon as possible, drag S&P500 comes back 1548 benchmark. I warn a new bubble may break in the near term.

Sforex

There is no major economic data from Canada and US this week. Thus, we must consider factors govern USDCAD pair. The first thing is the economic condition between US and Canada. USA is the main trading partner of Canada. 80% export product of Canada has destination is US, so if US economy is positive, Canada economy is positive too. We saw US economy last week was...

Sforex

-Fundamental Analysis: What do we have recent days ? + www.marketwatch.com Stock falls four days cause of worriness about taper. why ?. + FED choose taper -- > Less dollar is injected into market --> Stock fall down because it doesn't receive support from FED stimulus and US dollars be stronger. + www.marketwatch.com NIKKEI225 retraces greatly after...

Sforex

All information I show on the chart. - Dovish comment from ECB and Good NFP data will dirve E/U fall down.

Sforex

Fundamental Analysis: Today there is a major monetary policy change in England. Mark Carney, governor of the Bank of England, announced to halt Funding for Lending (FLS). This is an important change proved that BoE begins to tighten their monetary policy. www.cnbc.com G/U reacted immediately , broke key resistance 1..63 and now is 1.634. I thought that G/U...

Sforex

Like I said in this topic: U/J reached 102 level. Now , I have some Analyses for U/J. Fundamental Analysis: When I post this topic, Nikkei 225 continues higher, increases 1.42%. If Nikkei225 keeps its dynamic, U/J will be higher and higher. Technical Anaysis: I show on the chart the oil resistance level: 102.65. I think U/J will try to test this level...

Sforex

Technical Analysis: E/U is currently difficult to anticipate because of many reasons. Price is imprisoned in 4 ranges: - The first range is the line of bullish channel and the support line. Two lines shape a wedge. Price converges in this wedge. It tries to enter the bullish channel last week but unsuccessful. -The second range is 38.2% Fib line and 50% Fib...

Sforex

Fundamental Analysis: The recent new I want all traders should pay attention: - www.marketwatch.com This is a very important event, the deal between Iran and major world powers last Sunday will abolish many commercial barriers which help Iran reexports oil. This causes pressure on oil price because Iran is one of 10 oil export countries all over the world. You...

Sforex

Step 1: Choose the lowest price. That is the begin of 0 Step 2: The time zone 1 coincides the next break out. Next time zones are the time market break out. Very exactly, I show on the chart. This is the long term trend.

Sforex

I show everything on the chart. By using Gann Time and Price pattern predict when market breaks out. We also see Convergence pattern. Signal for breaking out in the near future. Next week, very very careful in E/U pair. - GDP of EU on Wednesday -Especially, ECB Interest Rate Decision and ECB monetary policy statement. This might trigger for a new trend.

Sforex

This is Technical Analysis. I see G/U fluctuates in a range between 1.625 and 1.59 I think G/U will touch 1.625 and then retrace to 1.61 or 1.614 level. %R reached its resistance zone. RSI escaped wedge pattern I show on the chart. It will increase to 70. So G/U ---->; 1.625 = RSI ---->; 70 Then retrace to 1.61 or 1.614 "Please try out my application I...

Sforex

I have not much idea for G/U next week. I turn back the past and see that 1.63 is a very strong resistance level. G/U tried to break this level 4 times but it was unsuccessful. Next week, England announces GDP Q3, I believe it will be positive. The uptrend of G/U proves that economy of England is now very good, recover very well. Thus, GDP might be better...