28 / 10 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5289 and 1.5299

European Session
The GBP/USD pair has been moving downwards since Thursday, 22th of September 2015. The downward movement began from as high as 1.5506 to as low as 1.5289.

In the scenario that the buyers succeed in pushing the price to break above the level of 1.5371, the price could escalate up to 1.5398 and 1.5423 in extension.

Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.5289, the price could decelerate to 1.5200.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
27 / 10 / 2015 | Technical Analysis

NZD/USD: Today’s Major Levels 0.6784 and 0.6792

North American Session
The NZD/USD pair has been trending down since Friday, 23th of September 2015. The downward movement began from as high as 0.6864 to as low as 0.6785. 

In the scenario that the buyers succeed in forcing the price to break above the level of 0.6815, the price could escalate up to 0.6835 and 0.6864 in extension. 

Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 0.6761, the price could decelerate to 0.6699.  
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
27 / 10 / 2015 | Technical Analysis

EUR/CHF: Stabilisation Noticed Below 1.0868

European Session
The EUR/CHF pair has been moving upwards since the 23rd of October 2015, with the bulls leading the price from as low as 1.0758 to as high as 1.0876.

Today, the pair stabilised between the levels of 1.0868 and 1.0848, an indication of struggle between the buyers and the sellers. In case that the sellers manage to overweigh buyers in terms of trading volume, they could force the price lower. In the event that they succeed in breaking below the level of 1.0830, profit targets could be set at 1.0817 and 1.0804 respectively.

Alternatively, in the scenario where the buyers manage to resume their previous activity and the pair breaks above 1.0892, the pair could escalate up to 1.0892 and 1.0977 in extension.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
26 / 10 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5360 and 1.5303

North American Session
The GBP/USD pair has been trending down since Tuesday, 20th of September 2015. The downward movement began from as high as 1.5505 to as low as 1.5303.
In the scenario that the buyers succeed in pushing the price to break above the level of 1.5380, the price could escalate up to 1.5404 and 1.5428 in extension.
Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.5303, the price could decelerate to 1.5200.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
26 / 10 / 2015 | Technical Analysis

USD/JPY: Today’s Major Zones 120.92 and 121.47

European Session 
The USD/JPY pair has been trending upwards, since the 15th of October 2015, with the buyers leading the price from as low as 118.06 to as high as 121.47. On Friday, at the early European Session the price escalate from 120.42 up to 121.34.

Today, with the opening of the trading session, the pair fell from 121.47 down to 120.92. In the event that the sellers keep forcing the pair lower and the price penetrates the level of 120.16, the pair could decelerate down to 119.76 and 119.36 in extension.

In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the level 121.46, the price could escalate up to 121.77.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
23 / 10 / 2015 | Technical Analysis

USD/CAD: Today’s Major Levels 1.3036 and 1.3197

North American Session
The USD/CAD pair has been moving upwards since Thursday, 15th of October, 2015, with the buyers being able to drive the price from as low as 1.2833 to as high as 1.3197.

Today, the pair moved higher, but the bulls seem to find the 1.3197 level to be too resistive. In the scenario that the [price retraces to the downside and the bears manage to force the price to break below the level of 1.3079, the price could decelerate down to 1.3014 and 1.2926 in extension.

In the opposite scenario, that the bulls manage to pull the price above the level of 1.3197, the price could escalate up to 1.3420.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
23 / 10 / 2015 | Technical Analysis

GLD: Today’s Major Levels 1164.61 and 1174.98

European Session
GLD has been moving downwards since the 15th of October 2015, with the sellers leading the price from as high as 1191.72 to as low as 1162.53.

The precious metal fall lower during the course of the day on Wednesday, with the price falling from 1177.71 down to 1163.78 levels. The latest bullish formations indicate that the buyers are trying to overweigh sellers in trading volume and push the pair higher. In case that they succeed in breaking above the level of 1173.79, the price could escalate up to 1180.16 and 1165.24 in extension.

Conversely, in the scenario where the sellers manage to break below the level of 1163.78, the metal could decelerate to 1157.28 and 1136.60 in extension.  




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
22 / 10 / 2015 | Technical Analysis

USD/CAD: Today’s Major Levels 1.3158 and 1.3095

North American Session 
The USD/CAD pair has been moving upwards, since the 15th of October 2015, with the buyers leading the price from as low as 1.2821 to as high as 1.3158.

On Wednesday, the pair rose aggressively from 1.3015 up to 1.3111, and subsequently stabilized between the levels of 1.3115 and 1.3143.

In the scenario that the sellers manage to gain momentum, they could force the pair to break below the level of 1.3034 and the price to decelerate down to 1.2995 and 1.2955 in extension.
 
In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the level 1.3158, the price could escalate up to 1.3233. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more
22 / 10 / 2015 | Technical Analysis

USD/JPY: Today’s Major Zones 119.95 and 119.60

European Session 
The USD/JPY pair has been trending upwards, since the 15th of October 2015, with the buyers leading the price from as low as 118.06 to as high as 120.09.

The pair yesterday consolidated between the levels of 120.08 and 119.76, to subsequently fall at 119.65. If the sellers manage to gain momentum and exert stronger pressures, they could force the pair to break below the level of 119.31. If the price penetrates that zone, the pair could decelerate down to 119.07 and 118.83 in extension.

In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the level 120.09, the price could escalate up to 120.56. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.


 
...
read more
21 / 10 / 2015 | Technical Analysis

EUR/CAD: Today’s Major Levels 1.4729 and 1.4889

North American Session 
The EUR/CAD pair has been moving upwards since the 15th of October 2015, with the buyers driving the price from as low as 1.4604 to as high as 1.4888.

During the end of the day on Tuesday, the currency pair stabilized between the levels of 1.4714 and 1.4748 to subsequently rise up to 1.4889. In case that the buyers found that level to be too resistive, the price could attempt a correction to the downside. In the event that the price breaks below the level of 1.4781, the price could decelerate down to 1.4781 and 1.4714.
 
Alternatively, in the event that the buyers manage to resume their upward pressures and push the price to break above the level of 1.4889, the price could reach the levels of 1.4748 and 1.4714 in extension.

 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
...
read more



Trading. Inspired. TRADE NOW RISK FREE DEMO

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.69% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 66.36% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADE NOW RISK FREE DEMO