Market Analysis


Our trading experts at TraderNovo analyze and explain the price movements in the markets, in order to reveal trends and market potential to our traders. We continuously monitor the major sessions, keeping you abreast of fundamental events and technical indicators driving the markets. By understanding the market fluctuations you will be able to develop your own trading strategy and start benefit from it.

Read the latest Forex news, financial prognosis and other related data. Stay up to date with the current state of the market and profit from its movement!

 

  • Market Analysis 24-05-2016 - The USDCHF pair hovers around 0.9900 level since yesterday, showing sideways and tight trading, waiting to get enough positive momentum to push the price to resume the bullish trend on the short term basis, as our next target is located at the psychological barrier at 1.0000. The EMA50 continues to support the price from below, reinforcing the expectations of rising in the upcoming sessions, which...

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  • Big players believe Gold price can reach $1500 - Gold price shoot up since beginning of the year almost 20% from $1061 to $1250 an ounce. The precious metal is now at pressure after the FED released a statement last Wednesday saying another rate hike is possible if economic growth will continue at the same pace. In the past couple of days, the Gold has corrected from the $1300 pick to where it is...

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  • Market Analysis 23-05-2016 - The GBPUSD pair traded with clear negativity in last Friday to settle at near the EMA50, and the price begins attempts for a bullish rebound after it found a good support that formed by the intraday bullish trend line that appears in the image, reinforced by stochastic positivity that appears clearly on the four hours time frame. Therefore, we believe that the chances available for...

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  • Market Analysis 20-05-2016 - The USDCHF pair succeeded to touch our second waited target at 0.9900 and attempts to breach it, as it closed the daily candlestick above it, which offers positive signals that support the continuation of the bullish trend in the upcoming period, it might be preceded by some temporary bearish bias affected by stochastic negativity. The EMA50 provides continuous positive support to the expected bullish wave,...

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  • Market Analysis 19-05-2016 - Gold price broke the bullish trend that appears on chart and closed the daily candlestick below it, which puts the price under expected negative pressure in the upcoming sessions, targeting testing 23.6% Fibonacci level at 1243.17, being aware that it is important to monitor the price behavior when reaching this level, as breaking it represents the key to extend gold price losses to reach 1205.80....

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  • Market Analysis 18-05-2016 - The EURUSD pair settles with a daily close below 1.1356 level, which keeps the negative pressure valid on the intraday and short term basis, targeting 1.1196 level mainly, pointing that breaking this level will extend the bearish wave to visit the bullish channel’s support at 1.1066. Therefore, the bearish trend scenario will remain active in the upcoming sessions, supported by the EMA50, reminding you that...

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  • Market Analysis 17-05-2016 - The USDCHF pair shows slight positive trading to continue approaching from 0.9800 level, as the price gets continuous positive support by the EMA50, waiting to breach the mentioned level to open the way to extend the bullish wave towards 0.9900. In general, the bullish trend scenario will remain valid conditioned by holding above 0.9676 level, as breaking it represents negative factor that will push the...

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  • Market Analysis 16-05-2016 - The EURUSD pair ended last week below 1.1356 level, to confirm the turn of the intraday and short term trading to the downside, and as we mentioned in our last technical update, the price will head towards 1.1196 areas as a next main station. Stochastic positivity might push the price to retest 1.1356 level that turns into resistance now after breaking it previously before resuming...

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  • Market Analysis 13-05-2016 - The GBPUSD pair showed attempt to breach the minor bullish channel’s resistance that appears on image but it returned to settle inside it again, thus, our bearish overview still valid on the intraday and short term basis, and the price needs to break 1.4405 level to activate the negative effect of the bearish flag formed by the mentioned channel followed by pushing the price to...

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  • Market Analysis 12-05-2016 - The USDCHF pair shows some bearish bias to test 0.9700 barrier now, noticing that stochastic reaches the oversold areas to offer positive motive that supports the expectation of continuing the bullish trend in the upcoming period, while the EMA50 keeps supporting the price from below. Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, and the targets begin...

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