Member's Login

NonySqueak News:

EURUSD Rally Exhausted
[2017-07-27   06:55 GMT]

Bloomberg euro technical chart indicates signs of peaking, and even raising the risk of a correction versus the dollar after climbed to a 30-month high Wednesday. That may seem hard to fathom after traders said the Federal Reserve policy meeting left them with a dovish outlook, but some popular market gauges suggest taking a closer look.

Elliott Wave and Fibonacci analysis suggest that the euro may be nearing a top. The Elliott Wave study is close to completing the fifth wave of a price appreciation sequence that began Jan. 3. In theory, the euro should subsequently enter the first phase of a three-wave drop.

A five-year snapshot of the euro shows Fibonacci resistance at $1.1736, the 38.2 percent retracement from this year’s low to the May 2014 high of $1.3993. Looking further back, $1.1685 is the 23.6 % retracement level off the all-time high of $1.6038.

Scaling GBPJPY Journey
[2017-07-27   06:20 GMT]

There is a nice ascending triangle on the 4hr chart of GBPJPY since Oct 2016. Clear close, better be weekly one, and the cross should overshoot towards the stars, but please take profit once near the moon. It is a very long journey that should correct or retrace in full the avalanche of last year, almost a year ago, date: Brexit referendum, June 23, 2016

Going short term, a close above yesterday high should force the resistance at 147.77 to be collapsed, targeting 148.80. Close below 144 negates the short cycle vision.

Copper On Tear,
[2017-07-26   09:06 GMT]

This particular base metal, or what we call in our trading chamber the CU, is printing a strong high suggesting a high demand and therefore a robust global economy ahead.

Analyzing the chart, we do perceive that the close above four in 2010/2011 is bullish. Doctor copper retraced to 75% Fib line, almost at two, and now, the climb is going to take the speed to regain 4 and above.

GBPUSD Fragile North,
[2017-07-25   07:11 GMT]

Sterling market rallied up to the 61% Fib line of the plummet that started at 1.3125. This rally looks like a bearish flag in the short time frame. Worth the watch for southing further!

4Hr Bitcoin,
[2017-07-25   06:54 GMT]

Cryptocurrency had muscled its rally last week ending in what it looks like a wedge.

As long as the dip stays above 2550, and a close above 2780 is locked, only then we can boost the rally towards 3000 and above a bit.

Bitcoin & Ethereum
[2017-07-25   06:31 GMT]

The U.S. Commodity Futures Trading Commission announced Monday it unanimously approved digital currency-trading platform LedgerX for clearing derivatives.

LedgerX initially plans to clear bitcoin options, the release said.

"A U.S. federally-regulated venue for derivative contracts settling in digital currencies opens the market to a much larger customer base," Paul L. Chou, LedgerX CEO, said in a separate release from the trading firm.

"We are seeing strong demand from institutions that previously could not participate in the bitcoin market due to compliance restrictions against unregulated venues," Chou said, noting a desire for assets that aren't correlated with the broader stock market.

The firm plans to launch bitcoin options in early fall, and ethereum options "within a few months," Chou told CNBC in a phone interview. That will mark the first federally supervised options venue for bitcoin.

GBPJPY,
[2017-07-25   06:24 GMT]

Daily chart points to an ascending triangle, supported by MA50 and MA100, upsloping trendline, and the trading above 23% of the Fib since a year ago.

Those numerous supports, even the cross is in an overbought condition (not shown) will trigger an upside trend.

A break out is needed to confirm a rally reaching 61% Fib or a plummet towards an uncharted area. Till then, stay aside!

Silver Lining: Silver,
[2017-07-25   06:14 GMT]

Weekly chart points to a descending triangle.

July Crash was supported at 13.97 to retest the resistance of the downsloping trendline and the simple moving average of 200.

A break out is needed to confirm a rally or a plummet. Till then, stay aside!

Gold
[2017-07-24   13:11 GMT]

Will Gold reach beyond $1300 in less than 10 days?

ForexSurvivor Yearly Live Statement
[2017-05-28   08:25 GMT]

ForexSurvivor Yearly Live Statement crossed very simply and adequately the mega events, such as Brexit referendum and US and France elections, without losses.

ForexSurvivor Yearly Live Statement (starting February 2016 ending April 2017) yielded 4.5times using more than One Thousand trades, applying all currencies with spread less than 12 pips, Gold, Silver, Platinum, Palladium, Crude Oil, Brent, Bitcoin, Copper,  Indexes such as Dow Jones, NASDAQ, S&P500, CAC40, etc...

Equities Gold & Crude Oil

Term Of Use

You should be aware of the risks involved in the foreign exchange (FX) market. The material contained on our website must be used at your own risk. Material is believed to be reliable, but we do not guarantee its accuracy or validity, nor is ForexSurvivor responsible for any errors or omissions which may occur. The analysis and/or recommendations made by ForexSurvivor do not provide, imply, or otherwise constitute a guarantee of performance. All contents and recommendations are based on data and sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It should not be assumed that future results will be profitable or will equal past performance, real, indicated or implied. The ForexSurvivor website and material contained therein is not a solicitation to participate in the FX market. There is a very high degree of risk involved in trading. ForexSurvivor assumes no responsibilities for your trading and investment results. The indicators, strategies, articles and all other features are for educational purposes only and should not be construed as investment advice. Your use of the information is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. You understand and agree that ForexSurvivor shall not be liable for any direct, indirect, incidental, special, or consequential damages, including but not limited to, damages for loss or profits, goodwill, use, data or other intangible losses. You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of our services, or access to our services.

Limitation of Liability

You agree that your use of the service is at your sole risk and acknowledge that the Service and anything contained therein, including, but not limited to, content, services, goods or advertisements are provided "as is" and that ForexSurvivor makes no warranty of any kind, express or implied, as to the Items, including, but not limited to, merchantability, non-infringement, title or fitness for a particular purpose or use. The content of other Web sites, services, goods or advertisements that may be linked to the Service is not maintained or controlled by ForexSurvivor.

ForexSurvivor is therefore not responsible for the availability, content or accuracy of other Web sites, services or goods that may be linked to, or advertised on, the Service. ForexSurvivor does not: (a) make any warranty, express or implied, with respect to the use of the links provided on, or to, the Service, (b) guarantee the accuracy, completeness, usefulness or adequacy of any other Web sites, services, goods or advertisements that may be linked to the Service or (c) make any endorsement, express or implied, of any other Web sites, services, goods or advertisements that may be linked to the Service.

ForexSurvivor is also not responsible for the reliability or continued availability of the telephone lines and equipment you use to access the Service. You understand that ForexSurvivor and/or third party contributors to the Service may choose at any time to inhibit or prohibit their content from being accessed under this agreement. You acknowledge that (i) the website is provided for information purposes only and is not intended for trading purposes and (ii) ForexSurvivor does not guarantee the sequence, accuracy, completeness or timeliness of the website and it's content.

Disclaimer and Disclosure

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over- compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight**. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

The information contained in this site has been compiled in good faith, and in using it, the user agrees that the author and any other entities associated with this site shall not be liable for any direct, indirect, consequential loss arising from this usage, or the use of information and material on the Internet via web links from this site including, but not limited to errors, omissions, defects, interruptions, delays in operation, or transmission, computer viruses, or line failure, to the maximum extent permitted by law. Please note that trading is a risky business. You may lose your entire investment capital and more.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results**. There are numerous other factors related to the market in general or to the implementation of any specific trading program which cannot fully be accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

User Agreement

You represent that you have read and agree to be bound by the terms and conditions stated herein in this Agreement. You further agree not to use this website for illegal purposes, interfere or disrupt networks connected to the website, or solicit and send out 'Spam' mail using this or to this service.

All information on this page is subject to change. The use of this website constitutes acceptance of the outlined "terms of use".

Show ↑