Forex > Technical
Can The FTSE100 Double In Value Over The Next 10 Years?
On the back of the worst trading day of the year earlier this month, Citigroup is now predicting that the FTSE100 will double over the next decade. Earlier in the month, the FTSE100 closed down 1.8 percent (109 points). This is the biggest drop since December of last year. While fears over the global economy were blamed, some analysts now think the stock market has a real chance at recovery. Citigroup claims that “Long run valuation measures such as Cyclically [...]
Will Silver Outperform Gold Over The Longer Term?
Guest post contributed by Elizabeth Goldman, a freelance forex currency trading writer, on behalf of Sunbird Forex – oil cfds trading. All views and opinions expressed are those of the writer and do not necessarily represent Sunbird FX. Gold prices have risen for 11 years. Priced in dollars, gold has climbed by a factor of 6.5 during this time period. That’s an incredible run-up. However, silver has done even better than gold. While gold returned an average of roughly 16.8 [...]
Gold Technical Analysis Update 22/2/2012
Gold Breaks From Recent Consolidation Range – Decouples From EURUSD The price of gold went up by over 1% yesterday, and subsequently decoupled from the recent EURUSD correlation on concerns around the potential for a failure of the latest bailout package. It is widely accepted that the current package will not bring financial stability in the long term as Greece is bound to require more funding help and a coordinated default looks likely sooner or later. Greece is in a [...]
August 9, 2011 7:53 am
EUR/CHF to Resume Downtrend at 1.1043? (fx360)
A bearish Gartley pattern is forming on the EUR/CHF 1hr Chart. This pattern has great price symmetry, although it is too early to judge its time symmetry. For proper time symmetry, the earliest we would want to enter is 10 am eastern time (New York time). The trade would also enter near the bearish trend line that is drawn on the 4h Chart below. Not only would this setup enter near the trend line, but the two end points of [...]
June 24, 2011 9:33 am
EURUSD: Looking for Bounce to Short
EURUSD put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1.4466 – the 23.6% Fibonacci extension level – and dropped through support at the 38.2% mark (1.4324). Current positioning does not offer an attractive entry point from a risk/reward perspective with the pair squarely between the 38.2% and 50% levels and we will look for either a pop higher (the more probable outcome, in our opinion) or a breakdown through support yield a better setup. More here [...]
June 6, 2011 10:24 am
Currencies Well Bid in Early Week As US Dollar Back Under Pressure (dailyFx)
The markets continue to react to the much softer than expected US NFP report from Friday, with the number still shocking even after investors had already been anticipating weakness following the earlier release of ADP. Despite the uptick in risk aversion on the back of this development, currencies have been very well bid across the board, with even the higher yielding commodity bloc finding renewed strength. The Franc and Yen have been very well bid, with UD/CHF to yet another [...]
May 31, 2011 9:51 am
Trading Psychology- Recency Bias (fx360)
Recency bias may not be a household phrase, but I guarantee that anyone who has ever traded has experienced it. Recency bias is the tendency for traders to place more importance on more recent trades and to place less importance on less recent trades. Recency bias can have a very negative effect on a trader’s results. Let’s say that two traders have the exact same profitability over the course of 2010. However, Trader A has won his last 3 trades, [...]
May 23, 2011 10:25 am
Unique AUD/CHF Long Opportunity at 0.9257 (fx360)
A bullish three drives pattern is forming on the AUD/CHF 2hr Chart. This is a rare pattern because it requires one more price swing than a Gartley or butterfly pattern. Furthermore, a butterfly pattern forms with the third drive. In other words, the ABCD on the 1hr Chart is the smaller grey ABCD on the 2hr Chart. It is extremely rare for patterns to form with this type of symmetry. Also, a1 is almost exactly equal to b2 in price, [...]
May 17, 2011 9:31 am
Today’s Technical Outlook (dailyfx)
EUR/USD: The break and weekly close below key medium-term support at 1.4155 in the previous week now suggests that deeper setbacks are ahead with the market contemplating a potential drop below 1.4000. Next key support comes in by 1.4020 (28Mar low), while rallies towards 1.4400-1.4500 should be aggressively sold into. Only a daily close back above 1.4500 would negate. In the interim, we remain on the sidelines and await a clearer entry signal. USD/JPY: After undergoing a fairly intense drop [...]
May 9, 2011 10:57 am
Forex Weekly Technical Outlook (dailyfx)
The new week is here and following the extreme market reversals seen in the previous week, it will now be interesting to see if we will get any additional follow through from these moves which ultimately benefited the US Dollar. Markets have since been consolidating in early Monday trade and there isn’t a whole lot to talk about since Friday’s close. EUR/USD: The market has finally succumbed to some heavily overbought readings, with the price dropping significantly over the past [...]
