August 2017

EUR/JPY remain bearish for a further drop

The price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a pu... [...]

USD/JPY right on major support, remain bullish

The price continues to test our major buying support level. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizonta... [...]

AUD/JPY approaching major support, prepare to buy

We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up ... [...]

Technical analysis of EUR/USD for Aug 24, 2017

When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate. The US will release the Economic Data, too, such as Natural Gas Storage, Mortgage Delinquencies, and Existing Home Sales, so, amid the reports, E... [...]

Technical analysis of USD/JPY for Aug 24, 2017

In Asia, Japan today will not release any Economic Data but the US will release some Economic Data, such as Natural Gas Storage, Mortgage Delinquencies, and Existing Home Sales. So, there is a probability the USD/JPY will move with low to medium volati... [...]

Trading plan for August 23, 2017

Trading plan for August 23, 2017The general picture: The markets are waiting for the meeting in Jackson Hole. As we expected, the markets lagged behind in drift, not having important impulses for movement. The severity of the conflict of the USA and No... [...]

Will the bulls and bears make peace?

The inability of gold bulls to cling to an important psychological level of $1,300 per ounce generates many opinions about the future prospects of the asset. "Bears" talk about the speculative nature of the XAU / USD rally, drawing attention to the fac... [...]