forex commodities gold

Gold The yellow metal fell to a fresh nineteen month low this week before posting a mild recovery later in the week as the US Dollar conceded some of its recent gains. The pullback in USD is attributed to news of talks between the US and China over their ongoing trade conflict. It has been announced that a delegation from China, led by Wang Sho...

2018-08-17 James Harte Read more

USD Index (DXY): Broken through trend line resistance at 0.9561. However, the index is stalling at the 50% pullback level of 96.00 (from 103.82 – 88.25). Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, comm...

2018-08-24 Ian Coleman Read more
forex gold

Gold The yellow metal was lower once again this week, printing its fifth consecutive losing week, as the US Dollar climbed higher on global geopolitical tensions. With the Fed having reaffirmed its commitment to continuing its tightening program this year, and data continuing to print firmly, USD has been enjoying a renewed rally over recent we...

2018-08-10 James Harte Read more

Monthly: The pair moved higher from the 2016 lows of 1.1905. Levels close to the bespoke resistance at 1.4390 found sellers. April's price action formed a bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 11 months. ...

2018-08-10 Ian Coleman Read more
forex technical analysis 8th august

Daily Forex Market Preview - 08/08/2018 The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2 and down from the previous 63.1. [shortcode-variables slug="learn-forex-basics"] New Zealand’s infla...

2018-08-08 John Benjamin Read more

Monthly: The pair is seen trading within a bearish channel formation. Trendline resistance is seen at 1.2576. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. There has been little net change for the last two months as we hold within the lower half of May’s (2018) trading range. [shortcode-variables s...

2018-08-10 Ian Coleman Read more

Monthly: Since posting large net losses in September 2017 (-395 pips), the cross has moved sideways. We can note spikes for the last 10 months highlighting indecision. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearish bias. [shortcode-variables...

2018-08-09 Ian Coleman Read more
intraday technical analysis 6th august

Daily Forex Market Preview - 06/08/2018 The U.S. Dollar was seen trading mixed by Friday's close. The commodity risk currencies were the biggest gainers of the day including Gold, which advanced 0.52% by Friday's close. The Euro and the Pound Sterling were seen trading at weaker levels. The July Payrolls report showed that the U.S. economy a...

2018-08-06 John Benjamin Read more
forex trading

Gold The Yellow Metal hit a fresh 12-month low this week, registering its fourth consecutive losing week, as the US Dollar rallied gathered pace. The moves came in response to the latest Federal Reserve FOMC meeting. Although the central bank kept rates unchanged as was widely expected, the accompanying statement registered a more hawkish shift...

2018-08-03 James Harte Read more

Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. [shortcode-variables slug="learn-forex-basics"] Weekly:  Looks to be forming a bearish Head and Shoulders pattern. A break of 11621 (neck...

2018-08-30 Joe Neighbour Read more