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DAY 10 - BoE QUARTERLY INFLATION REPORT

An important news event is scheduled for tomorrow viz. BoE Quarterly Inflation Report and as a result my focus would be on GBPUSD pair.
In their last inflation report BoE stated that the economy is expanding at a slower pace than expected and price pressures declined from the previous three months. The slower growth was caused by sluggish expansion in global economies and weaker growth forecast.
The slowdown in the housing market and the low commodity prices weighing on CPI inflation as it dropp…
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U.S. Dollar - Japanese Yen preparing for further rise

This first chart is to show the nearest quarterly levels which will cause main reactions in price: the open 99.45 and the high 101.50.There is still more than one month left to close the quarter so let's watch the following chart:In this monthly setup, another important level comes together with previous ones: a past close/open price 100.40.Watching the overall candlestick pattern, I don't expect this month of August to close far from 99.00-99.20 and further develop will be possible during septe…
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VTTG 26 Set

Simple chart but useful and good

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scramble 26 Set

thank you VTTG :)

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scramble 26 Set

There are 3 trading days left to go for this contest expiry date and at the moment market is still unable to breake higher into 100's trading 98.94 while typing. In the same time there is not strong bearish move into 97's but possibilities to see a 4% rise in price in few days are small. Anyway the setup is actually still confirmed and eventually the move to the upside can happen later during next month.

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scramble 30 Set

Few hours left for contest expiry and even fewer possibilities to see my target price. The consolidation into this 98 - 99 kept far more than expected!

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Maria_r 13 Out

very interesting

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USD/CAD expecting continuation upward.

During this quarter the instrument found support near 1.000 which is an important key price level and round number (1). In the first chart here below we also see the quarterly opening 1.0171 (2) and previous top 1.0341 (3). This current candle will close with the end of June so to better understand the whole situation I would consider the following chart showing the instrument in weekly timeframe: Still points '1-2-3' show us the quarterly low, open and previous high. In the chart it is very n…
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scramble 18 Maio

:D

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scramble 22 Maio

update: the move up have been far steeper than what expecte! price is already > 1.0330 and > 1.0350 showing a strong upward momentum. My analysis was less optimistic. However, at this point price will have the opprtunity to reach higher resistances 1.0450 and 1.0550 where will eventually find new pressure to re-test broken ones.

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scramble 22 Maio

here's the link to the updated daily charts:
http://i.imgur.com/U4Dj2Wc.png

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Skif 31 Maio

the forecast was one in one!

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Price moved as forecasted, the only problem is the very steep first impulsive move higher than 1.0400 followed by an almost 70% retrace and continuation vertical upward in last week going some 100 pips higher than my forecasted level.

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