Marcin Nowogórski
PTMC – Professional trading platform for retail traders.
PFSOFT who delivers their flagship trading solution - Protrader - to prime brokers, retail brokers, banks, funds and proprietary firms recently came up with offer...
EUR/USD: Will bears need to step down?
Last couple days were a blood bath on EUR/USD pair and more or less all currency pairs with Euro and Dollar. DAX and other...
USDJPY – November 6th – Continuation of Gains
USDJPY was moving in consolidation for last two months and after unsuccessful try of continuation of decreases caused by Chinese crisis price gained to...
AUD/NZD (H4): Move in direction of support
AUD/NZD (H4): Move in direction of support
Forecast: Going down to the area of 1.11
Alternative scenario: Upper correction
Comments: There was a failure of breaking down...
NZD/JPY (H4): Decrease tendency
NZD/JPY (H4): Decrease tendency
Forecast: Going lower after breaching to upper border of down trend
Alternative scenario: Breaching down trend and moving up
Comments: Price is close to upper...
GBPAUD – simple correction and resumption of the main trend
GBPAUD pair shows an upward trend since March 2013. Since then the price moves in the trend channel which was tested on last Monday. Recently...
EURUSD (D1) The price will fall after two bearish formations?
Double Top at 1.121 EURUSD and broken growth channel.
The second formation is Evening Star (blue color on chart). Target Falls: 1.082
Alternative Scenario: Moving back...
EUR/JPY (H4): Retesting of support zone
EUR/JPY (H4): Retesting of support zone
Forecast: Moving higher after testing new support at 138.00
Alternative Scenario: Getting lower to area near 137.00
Comments: Price is probably...
GBP/USD (H4): Side trend
GBP/USD (H4): Side trend
Forecast: Reaching resistance at 1.5670 and getting lower
Alternative scenario: Breaking resistance at 1.5670 and going further
Comments: We saw reaction of bears...
Today’s macro commentary – Tuesday, September 16.
Indexes and US bonds are relatively flat. Traders are looking into FOMC tomorrow.
RBA emphasizes the overvaluation of AUD given dropping mining investments and commodity prices decline...