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Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
HotForex Indonesia Seminar Register now for the upcoming HotForex Seminar in Indonesia to improve your FX knowledge and trading skills. Our Chief Market Analyst, Janne Muta will share valuable market insights and interesting ways to trade the market. Also, don’t miss the opportunity to meet our representatives and learn about our innovative trading products and services. More Info: Pullman Hotel Central Park Podomoro City Jl. Let. Jend S Parman Kav 28, Jakarta, 11470, Indonesia Saturday 8th August 2015 9am - 5pm Book your FREE Place Now -
Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
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Hello guys, Please find below a link to a short profile background of Janne Muta. http://analysis.hotforex.com/about-janne-muta-hotforexs-chief-market-analyst/ Feel free to join Janne's webinar. Registrations are FREE! Please follow the link below to see HotForex webinar's schedule to choose what interests you more! We are more than happy to join us in all webinars! https://www.hotforex.com/en/trading-tools/trading-webinars.html
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Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
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Free Webinar | Jak zarządzać kapitałem i ryzykiem by zarabiać na rynku forex? 5 May 17:00pm GMT (Poland Time Zone) Rejestracja: https://www.hotforex.com/pl/landing-pages/webinar-market.html?id=303 -
Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
Don't miss tomorrow's Live Analysis with HotForex's Chief Market Analyst Janne Muta - 5 May 1:00 GMT Book your Free place now! https://www.hotforex.com/en/landing-pages/hf-webinars.html?id=100 -
Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
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Introducing the world’s first trading and gaming partnership!
hotforex replied to standart's topic in Advertisement
Zasad korzystania ze zleceń Stop Loss 28 April 2015 17:00 PM (Poland Time Zone) W trakcie szkolenia poznasz 7 kluczowych zasad na temat tego jak efektywnie korzystać ze zleceń Stop Loss. Dowiesz się jak ustawiać SL w momencie otwarcia transakcji, jak przestawiać go na Break Even, jak stosować Trailing Stop, Volatility Stop i tego jak zarządzać wielkością SL. Rejestracja: https://www.hotforex.com/pl/landing-pages/webinar-market.html?id=301 -
Introducing the world’s first trading and gaming partnership!
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FREE HotForex Webinar! Topic: Position Management When: 28 April 2015 1:00pm GMT Learn how to manage your positions effectively in times of risk in this important webinar presented by our Chief Market Analyst, Janne Muta. We will cover: -Risk events and risk reduction -Managing weekend risk -Adding to winning positions Register Now: https://www.hotforex.com/en/landing-pages/hf-webinars.html?id=127 -
Introducing the world’s first trading and gaming partnership!
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HotForex Global Trends 2015 Report | Available Now! The HotForex Global Trends 2015 Report, prepared by our Chief Market Analyst, is now available to download. Read our exclusive outlook on global markets and economies now! Download Now: https://www.hotforex.com/en/landing-pages/global-trends.html?refid=37217 -
COFFEE FUTURES REACTING LOWER FROM RESISTANCE Market Analysis— 23 April 2015 Coffee, Weekly The last time I wrote about market moves in coffee the coffee futures were trading at 152.65 and based on the price action I suggested price should move lower and gave $145 and $125 as my downside targets. Since then target one was hit and price has moved as low as $128.80, close to the target II at $125. The first level was penetrated without any effort but then it turned into a resistance that has kept price capped for almost two months. Price of coffee found support at 161.8% Fibonacci extension level just above my target II at $125 and had a close outside the lower Bollinger Bands. Since then we’ve seen this market moving sideways inside the Bollinger Bands with roughly equal highs at $147. Price has made higher lows suggesting pressure is building against this resistance level. Coffee, Daily The 50 period MA is still pointing lower while price......read the full analysis here: http://analysis.hotforex.com/blog/2015/04/23/coffee-futures-reacting-lower-from-resistance/
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HotForex Analysis: http://analysis.hotforex.com/blog/2015/04/17/dxy-is-getting-close-to-support/ DXY, Weekly US Dollar Index (DXY) represents a basket of currencies in which the US dollar is valued. These include major currencies with different weights: EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%) and CHF (3.6%). With euro having the highest weighting analysis made on DXY will have the greatest indication for EURUSD trading. Since March this year momentum indicators have been moving lower reflecting the fact that price has not been making new higher highs anymore. Until recently Stochastics and RSI have been moving above the overbought threshold but now are pointing lower and have moved closer to neutral values. In a price chart that means the latest price action is taking closer to the middle of the recent range. DXY has been correcting lower this week and is now close to the 50% Fibonacci retracement level. This ties up with the indication from the oscillators. Price is also approaching an accelerated trendline support but has created a lower high which suggests that price could be moving sideways over the coming weeks. DXY, Daily Both Stochastics and RSI are close to oversold levels with the latter attempting to tick higher at the time of writing. Price has reached a pivot candle from April 6th and is fairly close to a rising trendline support. This suggests that the downside is getting limited and we should be looking for buy signals for the dollar at levels at or below the current price. Nearest support and resistance levels are 97.46 and 99.46 which also coincides with the upper Bollinger Bands. Should the 97.46 support not hold the DXY the next important support level can be identified in the 4h chart at 97. The 50 day MA is currently in the region as well with a value of 97.08. This increases the validity of the level. DXY, 240 As DXY has been trending down over the last three days there has also been some wedging in the price. This suggests that there is some resistance for dollar moving lower, especially since price came to the low of 98.07 yesterday. At the moment the 61.8% Fibonacci resistance level has been acting as a resistance for rallies today. Price is moving closer to 97.46 support level which it has already almost touched once and bounced higher. Stochastics, RSI and MFI are oversold which supports the view that this market is near to buy levels. If the 97.46 doesn’t hold then the next support level at 97 should come into play but I am interested in price action based buy signals even between the levels. Conclusion In the longer term picture it is clear that the Fed speak turning dovish in March has taken steam out of the DXY rally and the index has been moving sideways. Price has created a lower high which suggests weakness and that DXY could be moving sideways over the coming weeks. But in a shorter term picture DXY is close to support levels and we should therefore be looking for buy signals the dollar. This obviously means looking for sell signals in markets like AUDUSD (close to a resistance), NZDUSD (also at resistance). At the same time USDJPY is at support. Should the price action confirm my analysis this could be a time to favour USD over other currencies. Later on today we will have the CPI numbers from US and this could cause some action should there be a strong deviation from analysis expectations. You will find today’s economic calendar with the highest impacting events only. Please visit HotForex.com for full calendar. Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Weekly chart: Gold’s likely to move lower Gold, Weekly In my latest Gold analysis from March 18th I wrote: These levels are exactly the levels that attracted buyers in Q4 2014 which suggests that there might still be some demand for Gold just below the current price. However, the psychology might have changed since December last year. Strong growth in the US labour market we have seen since then coupled with the rate hike expectations could lead to Gold breaking the support this time around. I am not taking a view that it will happen as support is support as long as it works. A close above yesterday’s high at 1159.30 would be a positive signal while a close above the 1165.70 resistance in would improve it even further. This would warrant buying intraday dips after over the coming few days with a target at 1190. Now we’ve seen Gold closing moving higher from the support level and hitting my target at 1190. In addition, this market has moved beyond the target and turned lower at 1224.50 resistance. At the same time Gold created a bar with a narrow range between the open and closing prices hinting a move lower. This has since then materialised and Gold has moved lower this week. This is suggesting further moves lower in the coming two weeks or so. The next important weekly support is likely to be found near the lower weekly Bollinger Bands and 1131.50 to 1142 range. Long term picture is still bearish while in the medium term I expect Gold to move sideways between the above mentioned support and resistance levels. Gold, Daily In the daily picture Gold is trading close to the 50% Fibonacci level and the Stochastics are getting close to the oversold levels. This suggests that the move lower over the last few days could slow down a bit. Yesterday we saw a rally from the 50% Fibonacci level but.. Read the full analysis here: http://analysis.hotforex.com/blog/2015/04/15/weekly-chart-golds-likely-to-move-lower/ Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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GBPNZD Ranging Above Support The pair has just recently moved higher from weekly support level 1.9379 while another one supported price at 1.9244 sent price higher in the beginning of January. For the last three to four weeks price has been bouncing between this support and a resistance created by a weekly low (at 2.000) from December last year. Stochastics is oversold and price action takes place near lower Bollinger Bands suggesting the pair should have more upside than downside potential. On the bearish side however I should mention the fact that the pair creates lower weekly highs suggesting selling pressure coming in at fairly close to the support. This is not a very bullish sign and could lead to further consolidation at support or eventually price breaking lower. GBPNZD, Daily Price is reacting lower from a resistance at 1.9700. This resistance is created by a daily pivot candle from April 7th and coincides with a 50% Fibonacci level at 1.9691. Stochastics are pointing higher and the RSI has created a higher low while the latest low at 1.9380 was roughly equal to the low from March this year. This bullish divergence supports the upside bias but the price needs to break above the current resistance in order to create a higher high. Should the pair keep on making lower pivotal highs the pressure against the support would increase and the support could break. It is therefore essential to follow the price action over the coming days. GBPNZD, 240 min The four hour picture shows... Follow the link to read the analysis http://analysis.hotforex.com/blog/2015/04/14/gbpnzd-ranging-above-support/ Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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FREE webinar | Exit Strategies 14 April 1:00 GMT Join Janne Muta for this highly focused, in depth session that will introduce you to the key aspects of setting price targets and understanding exit signals. -Learn how to set simple and multiple price targets - Understand what signals and why to use in your exit strategy - Discover time based exit signals Register Now: https://www.hotforex.com/en/landing-pages/hf-webinars.html?id=125