Articles by admin

Gold price reversed from $1,266 level towards $1,340 to back test the break out level as expected. So far, the back test was successful as price is bouncing strongly back above $1,355. Magenta line – long-term resistance Gold price remains in a bullish trend. Kijun-sen support at $1,346 was respected…

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Burning Forecast 01/26/2018 EURUSD: Go to the range. The main event of the week – the decision of the ECB – took place. Monetary policy was left unchanged, that is, all the major issues are put aside. Moreover, the ECB’s position is still too focused on low inflation in the…

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Donald Trump’s Treasury Secretary hit the dollar when it was falling and then the President said he wants a strong dollar, sending the greenback to a mighty recovery. The high level of volatility continues and the even the strongest person on the planet cannot keep the dollar up. The Donald…

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USD/CHF is expected to trade with a bearish outlook. The pair remains under pressure below its key resistance at 0.9465, and is likely to post a new decline. The 20-period and 50-period moving averages are turning down, which should confirm a negative outlook. In addition, the relative strength index is…

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We will retain our upside target prediction today as well. The pair is reversing up, and is now above its 20-period and 50-period moving averages. A strong support base has formed around 135.40, and should limit any downside room. In addition, the relative strength index is bullish above its neutrality…

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EUR/USD topped 1.25 on Draghi’s weak jawboning but fell back down when Trump trumped up the dollar. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: Flows To Drive Further M/T Strength; Valuation Models Point To 1.29; Dips A Buy – Danske Danske Bank Research discusses EUR/USD outlook and…

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All our downside targets which we predicted in previous analysis have been hit. NZD/USD under pressure. The pair broke below its intraday “symmetrical triangle” pattern, which should confirm a bearish reversal. Both the 20-period and 50-period moving averages are turning down, and should continue to push the prices lower. In…

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