Loading...

Follow Forex Alchemy on Feedspot

Continue with Google
Continue with Facebook
or

Valid

With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data is sparse with only the release of the US new home sales report later in the day. The quiet start to the week comes ahead of some key economic releases and ...

Continue reading Markets Open To A Quiet Trading Day on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The Japanese financial regulator, the Financial Services Agency (FSA), no longer wants to describe Bitcoin as a virtual currency. During the plenary session of the 41st General Assembly of the Financial Council and the 29th Meeting of the Financial Division, Professor Iwashita Goto from the Public P...

Continue reading Elliott Wave analysis of BTC/USD for 19/04/2019 on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Overview: The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still i...

Continue reading Technical analysis of AUD/USD for April 19, 2019 on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Gold price remains in a bearish short-term trend. Gold price broke below important support levels but the move lower has not extended yet towards our $1,250-60 target area. Price has only reached as low as $1,270. Green rectangle – major support area now resistance Red rectangle – target...

Continue reading Technical analysis for Gold for April 19, 2019 on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Crypto Industry News: The founder and CEO of Tron, Justin Sun, claimed that in his opinion the Tron ecosystem would “officially collaborate” with Ethereum later this year. Sun spoke during the interview on the podcast The Crypto Chick. More specifically, Sun said that, according to him, ...

Continue reading Elliott Wave analysis of ETH/USD for 19/04/2019 on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Yesterday, the pair rose from the level of 1.3228 (the level of 1.3228 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3357. Today, the first support level is seen at 1.3228 followed by 1.3311, wh...

Continue reading Technical analysis of USD/CAD for April 19, 2019 on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail sales report surprised with an increase of 1.6% on the month, while core retail sales were up 1.2%. The weekly jobless claims fell to 192,000 marking a new ...

Continue reading USD Strengthens On Retail Sales And Jobless Claims on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace of 6.4% beating estimates of 6.3%. Industrial production grew 8.5% on a year over basis. However, risk appetite was kept in check by the close of business...

Continue reading USD Muted Despite China Growth And Shrinking Deficit on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The latest monthly trade balance figures from the United States will be coming out later today. According to the median estimates, economists are forecasting that the US trade deficit will rebound in February. Estimates show that the trade deficit will rise to $53.5 billion for the month. This follo...

Continue reading Will The US Trade Deficit Rise In February? on Forex Alchemy.

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The uptrend from 131.55 remains firmly in place. We expect support at 145.90 at most. 145.50 will be able to protect the downside for the renewed upside pressure through resistance at 147.00 that will call for a continuation towards 148.50 on the way to 151.50. A break below 145.50 will be of concer...

Continue reading Elliott wave analysis of GBP/JPY for April 17, 2019 on Forex Alchemy.

Read Full Article

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview