Category Archives: Forex News

EUR/NZD analysis for November 18, 2016

Share This: Recently, EUR/NZD has been moving sideways at the price of 1.5070. Using the market profile in the 15M time frame, I found today’s point of control at the price of 1.5085. The price is trading below 21SMA, which is a sign of weakness. I also found a support cluster at the price of 1.5050 and would… Read More »

Gold analysis for November 18, 2016

Share This: Since our previous analysis, gold has been trading downwards. The price tested the level of $1,202.76 in a high volume. Using the market profile on 15M time frame, I found today’s point of control at the price of $1,208.20. I found signs of a trend dynamic from bearish to bullish. Price is trading above 21SMA, which… Read More »

Global macro overview for 18/11/2016

Share This: Global macro overview for 18/11/2016: ECB President Mario Draghi was a keynote speaker at the 26th European Banking Congress in Frankfurt. During the speech, he assured that ECB will continue to act as warranted by using all instruments available within the mandate. He mentioned, that eurozone recovery still relies to a considerable degree on monetary policy… Read More »

AUD/JPY bearish move in progress

Share This: We remain bearish below major resistance at 81.91 (Fibonacci retracement, Fibonacci projection, horizontal resistance) for a further drop to 80.27 (Fibonacci retracement, horizontal overlap support, recent swing low support) as the first big level to play to. RSI (21) is seeing major resistance from 72%. Sell below 81.91. Stop loss at 82.65. Take profit at 80.27.… Read More »

NZD/USD remain bullish above key support

Share This: Price bounced above our stop loss level yesterday. We remain bullish above major support at 0.7068 (Fibonacci projection, horizontal support) where we expect a bounce from to at least the next resistance level at 0.7142 (Fibonacci retracement, horizontal resistance). RSI (34) has bounced off major support at 34% signalling a recovery is in progress. Buy above… Read More »