May 2015

AUDUSD (0.7638): The Australian Dollar saw a weaker performance this week continuing its declines since forming a top two weeks ago. The currency broke below the 0.782 support early in the week and continued to gain momentum in the decline.…
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The revised second estimate of the US GDP for the first quarter of 2015, saw the world's largest economy contract -0.7%, below expectations of -0.8% while the GDP price index remained unchanged at -0.1%. The contraction in the US economy…
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Dow Jones: 18120 Continuation the uptrend On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can see the market was…
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GOLD 1188 Wide Range Market - breakout on the edge On the short term view ; the market is ranging widely between major levels of 1170s and 1228s ; the breakout of one of these levels would push further the market on the direction of…
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Oil (5N) 58.65 Short-term Correction ; buying pressure still exist ! On the short-term view ; the market has succeeded to continue pushing up the prices upwards gradually and still above key resistance 56.50, and the price continues…
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USD/JPY: 123.87 Yen Breakout ! Market has penetrated the resistance level of 121.50 and the consolidation pattern as well , and succeeded to confirm breaching the previously recorded top, which opens the way towards the continuation…
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GBP/USD: 1.5250 Higher volatility more downside pressure On the short-term , market bounced clearly to the downside and break support and settled below the bullish channel’s support at 1.5500, and any break for 1.5400 level will…
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EUR/ USD Continuation of the Down Trend 1.0970 On the short -term the market with downside scenario and ranging between 1.1200 and 1.0800 levels. The market it was ended last week’s trading with strong negativity and confirm…
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As is the case with any profession, a person interested in taking a professional approach to the business of forex trading needs to know how to use the tools of their trade. This means understanding their application and practicing using…
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Although the situation is tensed, it seems that the euro does not want to perceive anything else but the positive rumors from the Greek-European negotiations. Every EURUSD correction of the downtrend is made by hungry traders and the rising…
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