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2016-07-25 20:15:17 Trade now and get a bonus deposit Iron FX: http://goo.gl/fu9iZA
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2016-07-25 20:14:35 Now, finally after such a long sideways movement, the pair again came up to the top of the range. The US Dollar is going again to test the strength of the defense of the Canadian dollar. When the Forex market there is such a figure, based on technical analysis and experience of previous patterns, you can most likely assume that they will attempt to break this barrier. It is also necessary to remember that the working week has just begun, traders, and investors are optimistic, so we can expect the investment of funds in the trading account asset managers traders and a certain activity of various speculators. Of course, this level may again prove to be too tough for the bulls and Forex brokers market again ascertain a rollback from the level, but who does not risk does not drink champagne. If a break of that level would be real, that will be confirmed by the trading volumes, then we go into a long position to earn in this Forex market more than 200 points, so as to a serious next level of resistance is still very far away. But if the bears will have a fierce resistance and the price will not be able to overcome the barrier , it will be possible , after certain correction, to open a short position that would fall to the bottom of the range of this currency pair.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 1.3190
• The level of profit and close the position: 1.3400 (210 pips)

Metal GOLD
Possible bearish movement in the breakdown of the support level 1310

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.3060

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9905

Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0950 Open / Comment

2016-07-25 20:14:31 Open / Comment

2016-07-25 13:28:58 EURUSD SSI: 1.19 as short positions up 20.7% since yesterday. Open / Comment

2016-07-25 13:28:57 Open / Comment

2016-07-24 14:51:38 Open / Comment

2016-07-24 14:50:28 The upcoming release of UK Q2 Gross Domestic Product growth numbers will give investors a close look at the economy’s relative strength heading into the UK Referendum. And though we will have to wait some time before we see the ultimate impact of the so-called “Brexit” on GDP, any signs the economy was faltering before the vote would almost certainly worsen outlook after the fact. Recent industry surveys suggested the UK economy contracted at its steepest pace since the Global Financial Crisis through July. The disappointing figures forced an immediately sell-off in the GBP, and interest rate traders now predict a near 90 percent chance that the Bank of England will cut interest rates at their August 4 meeting.

Suffice it to say economic sentiment remains gloomy for the world’s sixth-largest economy. And yet by the same token the weight of expectations on future economic data is so low that even a small positive surprise could force an important British Pound relief rally. Recent CFTC Commitment of Traders data shows large speculators are now at their most net-short GBP/USD since the week of June 3, 2013.

Clearly the GBP remains in a strong downtrend, and yet it is demonstrably true that extremely one-sided short positioning raises the risk of sharp short-covering rallies. We need only look to the British Pound’s fast rally on July 20 following unexpected comments out of Bank of England voting member Kristin Forbes. Forbes stood in sharp contrast to BoE Governor Mark Carney as she suggested the central bank’s Monetary Policy Committee should not cut interest rates until there is more evidence of a post-Brexit economic slowdown. It is certainly newsworthy that a voting member would so candidly break rank and speak out against rate cuts. Yet her words alone do little to change broader outlook for the future of Bank of England policy, and the yield-sensitive British Pound now trades almost exactly where it stood before she made such remarks.

Traders should thus brace for British Pound volatility as any surprises out of GDP figures, and ultimately the focus remains on whether the Bank of England will move to cut interest rates and ease policy at their August meeting. The broad trend favors further British Pound weakness and the macroeconomic backdrop supports calls for GBP declines. Yet the risk is clear—extremely one-sided positions raise the risk of sharp relief rallies. Caution is advised in trading the Sterling given the clear uncertainty ahead. Open / Comment

2016-07-24 14:49:36 British Pound Trade Seems too Good to be True – Watch Key Risk

Fundamental Forecast for GBP: Bearish

Clear disappointments in UK figures paint a dour picture for economic growth, GBP falls
GBP/USD is trading sideways, but watch for the next big move
Q3 Forecasts were just released, and we’re Bearish GBP. The British Pound finished the week almost exactly unchanged against the Dollar despite clear disappointments in UK economic data. A busy economic calendar in the days ahead could nonetheless have a lasting impact on trader sentiment, and the stakes are high heading into a critical Bank of England interest rate decision in two weeks’ time. Open / Comment

2016-07-23 18:42:23 Trade now and get a bonus deposit with our partners

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2016-07-23 12:16:08 Open / Comment