Technical Analysis

Technical Analysis

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

EURJPY - consolidation before further decli...

Published on 9 November 2015 @ 5:32 PM (UTC) , by Comparic
In analysis from October 29 I pointed that rebound which just started could be very weak. I wrote: "there is a rebound that may reach 133.15 and 134.00. Only moving back above the 133.15 and next to 135.00 give a chance of further EURJPY upward movement". And indeed the demand was trying to break above indica...

USDJPY - the 2-months correction approachin...

Published on 9 November 2015 @ 9:15 AM (UTC) , by Comparic
A very interesting situation on USDJPY. Since 2012, the price is in an uptrend. In June 2015 reached a high on 125.85 and a correction has started which lasted more than two months. Price moves in consolidation between the levels of 118.20 - 121.65. In last week was break above from pointed consolidation (such scenar...

GBPUSD - macro data caused six-months low...

Published on 6 November 2015 @ 4:39 PM (UTC) , by Comparic
Yesterday dovish Bank Of England caused a breach of channel's low in which the price moved. Today's US non farm payrolls and employment data confirmed falls and after that GBPUSD break below first important support at 1.5100. Unemployment has fallen to 5%, which was one of the task of the FED. At this moment pr...

GBPJPY on October's trendline...

Published on 6 November 2015 @ 9:14 AM (UTC) , by Comparic
Analysis from October 28 was wery profitable. I wrote: "Today's demand is testing resistance at 184.50. If break above will be successful next resistances are on levels 186.00, 187.50. Move higher than 187.50 may be difficult and there is little chance that this will happen soon". Indeed price reached 187...

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