EUR/NZD analysis for November 22, 2016

Share This: Recently, EUR/NZD has been moving sideways at the price of 1.5020. Using the market profile in the 30M time frame, I found yesterday’s point of control at the price of 1.5125. Besides, I found a trading range between the price of 1.4997 (support) and the price of 1.5056. Watch for a breakout to confirm a further… Read More »

Technical analysis of GBP/JPY for November 22, 2016

Share This: GBP/JPY found the support at 124.80 and started to rise. The pair managed to break above the descending channel and currently is trading above both 50 and 200 Moving Averages. This means that GBP/JPY is either going to continue correcting up or could change the direction of the trend from down to up. At the same… Read More »

EUR/NZD analysis for November 21, 2016

Share This: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5018 in an average volume. Using the market profile in the 30M time frame, I found that price went to imbalance out of strong point of control zone in the background. Watch for selling opportunities on the pullbacks. I placed Fibonacci expansion to find… Read More »

Gold analysis for November 21, 2016

Share This: Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,217.36 in an average volume. Using the market profile analysis, I found potential intraday bottoming near the price of $1,212.00 on the 15M time frame. I found a higher value area compared to Friday, which is a sign… Read More »

Global macro overview for 21/11/2016

Share This: Global macro overview for 21/11/2016: UK Prime Minister Theresa May said in a speech at the Confederation of British Industry’s annual conference in London that after Brexit the UK needs to be prepared to adapt and change. She stated that the underlining driving force for the Brexit vote was the people’s call for a fairer economy… Read More »

Technical analysis of USD/CAD for November 21, 2016

Share This: General overview for 21/11/2016: The top for the wave b (green) has been established at the level of 1.3566 and now the market is declining towards the intraday support at the level of 1.3398. This is why the intraday support is the key level for daytraders as any breakout below it will confirm the wave c… Read More »

Technical analysis of EUR/JPY for November 21, 2016

Share This: General overview for 21/11/2016: The old top for the wave (b) (blue) has been violated and this is why the new labeling has been made. Currently, the wave c (green) has reached almost 100% expansion of the wave a (green) and this might be the reason why the top for the wave Y (brown) of the… Read More »