by gcmasiauser | Oct 13, 2017 | USD/JPY
USDJPY, H1: USDJPY was traded within descending triangle. It is suggested to wait for breakout to occur following absence of obvious signal from both price action and MACD indicator. Resistance level: 112.60, 113.00 Support level: 112.10, 111.65
by gcmasiauser | Oct 13, 2017 | EUR/USD
EURUSD, H1: EURUSD was traded higher prior its rebound from support level at 1.1820. Upward slope of MACD histogram and bullish engulfing candlestick pattern suggest the pair to further its gains toward the resistance level at 1.1870. Resistance level: 1.1870, 1.1910...
by gcmasiauser | Oct 13, 2017 | GBP/USD
GBPUSD, H4: GBPUSD was traded higher prior its breakout above resistance level at 1.3240 and resistance by 200-MA line. The successful breakout suggests GBPUSD to continue its momentum to trade higher toward the next resistance level at 1.3330. Resistance level:...
by gcmasiauser | Oct 13, 2017 | Daily Analysis
13 October 2017 Daily Analysis Greenback retraces amid release of economics data. Dollar index was traded lower against a trade-weighted basket of major currencies, quoted down 0.05% to 92.74 while investors await tonight’s...
by gcmasiauser | Oct 12, 2017 | GOLD
GOLD_, H4: Gold price was traded higher after breaking above resistance level at 1278.25. Formation of engulfing candlestick suggests bullish momentum still taking over but diminishing due to downward slope of MACD histogram. A breakout above the resistance level at...