Tag: forex analysis

Daily analysis of major pairs for August 21, 2014

EUR/USD: Because of the stamina in the Greenback, this trading instrument has no change of going upwards. In fact, any rally that
is seen in the market is an opportunity to open another short trade, selling at
a slightly higher price.

USD/CHF: We are

Technical analysis of Silver for Aug 21, 2014

Technical outlook and chart setups:

1. Silver dips to the $19.31 levels today, this was a possibility discussed earlier. The current level is fibonacci 0.786 support of the rally between $18.60 and $21.70. A bullish reversal here would keep the uptre…

#USDX Technical analysis for August 21, 2014

The Dollar index remains in up trend. However the pull back that is currently unfolding may be a part of wave 4 before a new high for wave 5. Price is still inside the upward sloping channel. Price is above the Ichimoku cloud support and bulls continue…

Gold Wave analysis for August 21, 2014

Gold price has broken our support level at $1,290-95 and has pushed below $1,280 as many stops were triggered. Strong support is found at $1,270 and this will be crucial for bulls. The bullish bias is still quite possible but technically the trend rema…

Technical analysis of EUR/JPY for August 21, 2014

General overview for 21/08/2014 09:50 CET

Despite hitting the target zone, the market is not going down in the impulsive manner. So, the outlook has been a little changed to put the emphasis on more complex wave 2 of 3 progression in shape of the WXY …

Technical analysis of Gold for Aug 21, 2014

Technical outlook and chart setups:

1. Gold has dropped to the $1,271.00 levels before pulling back again into $1,282.00 as seen here. The metal is still forming a base to stage a rally higher in the coming sessions. $1,271.00 looks like potential bo…