phaneth2014

phaneth2014

The ongoing bounce in the US Dollar triggers a knee-jerek in Gold prices, slipping back to the $2,800 region per ounce troy following the confirmation of US tariffs on Canada, Mexico, and China.

phaneth2014

The head and shoulders pattern is a reversal chart pattern that forms part of price action. Although it might not be easily identifiable, most technical traders find it helpful and effective for predicting potential future price movements. For traders who mainly focus on trading with the trend, this pattern could assist in identifying possible exit points for...

phaneth2014

The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week.

phaneth2014

Gold’s price recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States PPI release the previous day triggered substantial easing in US yields.

phaneth2014

USD/JPY hovers near 158.00 as it retreaces due to US economy creating 256,000 jobs last month, surpassing the forecasts. The US unemployment rate drops to 4.1%, with average hourly earnings slightly decreasing, influencing Fed rate cut projections. The US 10-year Treasury yield sees volatility, peaking at 4.788%.

phaneth2014

Economies.com provides the latest technical analysis of the GBP/JPY (British Pound Sterling/Yen). You may find the analysis on a daily basis with forecasts for the global daily trend. You may also find live updates around the clock if any major changes occur in the currency pair.

phaneth2014

GBP/JPY’s extended fall last week suggests that rise from 188.07 has already completed at 198.84. Initial bias stays on the downside this week for 188.07 support. Firm break there will argue that corrective pattern from 180.00 has finished too, and larger decline from 208.09 might be ready to resume. On the upside, above 194.76 minor resistance will turn intraday...

phaneth2014 Updated 

TVC:GOLD BULLISH SYMMETRICAL TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Then both bears and bulls try to squeeze on each other by creating lower highs and higher lows respectively, till the bulls finally break the triangle's upper border created by the bears, and the exchange rate...

phaneth2014

FX:USDJPY USD/JPY: Upside remains capped below 158.00 amid cautious mood USD/JPY is consolidating the upside below 158.00 in Asian trading on Monday. The pair feels the heat from a cautious risk tone and a broadly subdued US Dollar but the divergent Fed-BoJ policy expectatations help keep it afloat in the Nonfarm Payrolls week.

phaneth2014

TVC:GOLD Gold retreats below $2,650 in quiet end to the week Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data.

phaneth2014 Updated 

FX:XAUUSD signal timeframe 1 hour analysis pattern