04 February, 2017 by Paula Rodriguez in Market Analysis
The method of following previous price motion and using indicators to understand the direction of the current price is known as technical analysis. In currency trading, it is the most effective in terms of time. When utilizing the automated system, entry and exit positions are determined and trades are identified using a robot or software.
09 December, 2016 by Aayush Jindal in Fundamental Analysis, Gold, Market Analysis, Technical Analysis
Gold Price Daily Chart Suggest Support Formation
There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area.
The price recently traded a few points below the $1160 level before starting a consolidation.
Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
09 September, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
Gold Price May Correct Lower Versus US Dollar?
Gold price rocketed higher this week against the US Dollar, as the latter one weakened recently.
The upside in Gold was stopped near a major resistance trend line on the 4-hours chart.
Today in China, the Consumer Price Index was released by the National Bureau of Statistics of China.
The forecast was ...
11 August, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
GOLD At Clear Risk of Further Upsides
Gold price rallied recently against the US dollar and traded above the $1340 level.
There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers.
Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor.
The market is expecting a ...
26 July, 2016 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Kiwi Dollar Remains at Risk for Key Reasons
The New Zealand Dollar traded lower against the US Dollar recently, and was under a lot of bearish pressure.
There was a monster bullish trend line formed on the 4-hours chart of the NZDUSD pair, which was surpassed by sellers during the recent losses.
The NZDUSD pair also traded below the 100 sim...
05 May, 2016 by Aayush Jindal in Market Analysis
Gold Buyers Sighting US Nonfarm Payrolls For Next Move
Gold prices gained vs the US Dollar recently, and traded above the $1250 level.
The price also broke a major resistance area near $1260, which may now act as a support if Gold moves down from the current levels.
On Friday, in the US, the nonfarm payrolls figure will be releas...
23 February, 2016 by Aayush Jindal in Fundamental Analysis, Gold, Market Analysis, Technical Analysis
GOLD Just Broke Major Support Area?
GOLD enjoyed a nice ride during the past couple of weeks, but it looks like it may have made a short-term top.
The US Dollar seems to be gaining back bids, which may help GOLD sellers to retain traction.
There is a support trend line formed on the 4-hours chart, which was cleared by sellers to ...
28 September, 2015 by Aayush Jindal in Market Analysis
Euro after trading as high as 1.1294 started to move lower and traded below a major support area.
A bullish trend line on the hourly chart was broken to open the doors for more losses.
The EURUSD pair settled below the 100 hourly simple moving average, which is a negative sign.
In the US, the Pending Home Sales report will be released by the National As...
21 September, 2015 by Aayush Jindal in Market Analysis
Euro after a nice ride against the US Dollar found resistance around 1.1460 and traded lower.
An important support trend line was cleared, which points that more declines are possible moving ahead.
New Zealand Westpac Consumer Confidence released by Westpac New Zealand declined from 113 to 106 in the third quarter of 2015.
EURUSD Technical Analysis
18 September, 2015 by Aayush Jindal in Market Analysis
US Dollar collapsed recently against the Canadian dollar and a few other major currencies, as the Fed rate decision failed to help the greenback.
Canadian Consumer Price Index (CPI) will be released by the Statistics Canada with the forecast of no change in the CPI in August 2015, compared with the preceding month.
In China today, the housing price index,...