Monday 27th November: Weekly technical outlook and review. Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master … Continue reading Monday 27th November: Weekly technical outlook and review.
Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite gained 1.85 %, Hang Seng rose 0.40 %, ASX declined 0.30 % Commodities: Gold at $1160 (+0.65 %), Silver at $15.71 (+1.40 %), WTI Oil at $46.62 (-0.95 %), Brent Oil at $54.59 (-0.80 %) Rates: US 10 year yield at 2.088, UK 10 … Continue reading Monday 16th March: European Open Briefing
EUR/USD: Weekly Timeframe: Last week shows that the Euro depreciated for the third consecutive week losing over 340 pips into the close (1.0487). This move completely wiped out the weekly demand area seen coming in at 1.0499-1.0740, and at the same time, likely opened the doors to further downside towards 1.0411 – a long-term weekly … Continue reading Monday 16th March: Weekly technical outlook and review.
Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite fell 0.90 %, ASX down 1.30 %, Hang Seng declined 0.75 % Commodities: Gold at $1169 (+0.50 %), Silver at $15.78 (-0.18 %), WTI Oil at $49.42 (-0.40 %), Brent Oil at $59.36 (-0.80 %) Rates: US 10 year yield at 2.229, UK 10 … Continue reading Monday 9th March: Europan Open Briefing
EUR/USD: Weekly Timeframe: Last week saw the market print a whopping full-bodied bearish candle stretching a little over 340 pips from open (1.1180) to close 1.0837). This king-size whopper managed to take out a weekly Quasimodo support level at 1.1109, and drive deep into a weekly demand area coming in at 1.0760-1.0988. A break below … Continue reading Monday 9th March: Weekly technical outlook and review.
