The price is below the moving average 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero level. If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 499.00 • Take Profit Level: 410.00 (8900...
The price above MA 200 and 20 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 40.00 • Take Profit Level: 42.00 (200 pips) If the...
Here are the key factors to keep in mind today for Canadian Dollar trades: Canadian Housing Starts: Canadian Housing Starts for May are predicted at 220.0K. Forex traders can compare this to Canadian Housing Starts for April which were reported at 214.4K. Canadian Capacity Utilization Rate: The Canadian Capacity Utilization Rate for the first-quarter is...
Should price action for Gold remain inside the or breakout above the 1,289.60 to 1,301.50 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1,297.00 Take Profit Zone: 1,356.55 – 1,364.95 Stop Loss Level: 1,281.85 Should price action for Gold breakdown below 1,289.60 the following trade set-up...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1145.00 • Take Profit Level: 1160.00 (1500 pips) If the price...
Here are the key factors to keep in mind today for Euro trades: German Markit Construction PMI: The German Markit Construction PMI for May was reported at 53.9. Forex traders can compare this to the German Markit Construction PMI for April which was reported at 50.9. Eurozone Retail PMI: The Eurozone Retail PMI for May was reported at 51.7. Forex traders can...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 195.00 • Take Profit Level: 200.00 (500 pips) If the price...
Here is the key factor to keep in mind today for Euro trades: Italian Services PMI and Composite PMI: The Italian Markit Services PMI for May is predicted at 53.0. Forex traders can compare this to the Italian Markit Services PMI for April which was reported at 52.6. The Italian Markit Composite PMI for May is predicted at 52.8. Forex traders can compare this to...
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 205.50 • Take Profit Level: 210.00 (450 pips) If the price...
Here are the key factors to keep in mind today for US Dollar trades: US Personal Income and Personal Spending: US Personal Income for April is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.4% monthly. Forex traders can compare this to Personal Income for March which increased by 0.3% monthly and to Personal Spending...