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Systems (EA's and manual), and Managed Accounts => Manual Systems, Trade Journals, Indicators, Manual Trade Help => Topic started by: rosentray on February 29, 2016, 02:40:12 PM

Title: Rosen's Daily
Post by: rosentray on February 29, 2016, 02:40:12 PM
The EUR/USD is trading below support in today's hours of the European session. Price reached 1.0879 as today's low so far and is now currently trading at 1.0890. With the US economy gaining strength, the momentum of the positive news on Friday is still being felt.

Technically speaking, we can expect 1.0840 to act as a first support due to prior pivot point being met. If this level is wiped, second support level is seen at 1.08 as a psychological support.

Major resistance that bulls have to take out is the level of 1.1050 which is the 200SMA and the lower trend line on the long-term ascending channel.
Title: Re: Rosen's Daily
Post by: rosentray on March 01, 2016, 03:40:58 PM
The EUR/USD is trading lower in today's trading session due to technical and fundamentals combined. Technically speaking, price is trading below the 200SMA for a fifth consecutive day. Also, price is now outside the long-term bullish channel, which makes it vulnerable to bear attack.

First level of support 1.08, first level of resistance 1.0970.
Title: Re: Rosen's Daily
Post by: rosentray on March 02, 2016, 09:10:24 AM
The EUR/USD is trading in the long-term downward channel, which makes it vulnerable to bear attacks. First level of support 1.08, first level of resistance 1.0960. Only a break and a close above the 200SMA would invalidate the depreciation of the Euro.
Title: Re: Rosen's Daily
Post by: rosentray on March 03, 2016, 08:14:19 AM
The bear rally in the EUR/USD seems to have dried up as we can see less volume in the last few days. This could mean a change in trend. If price manages to climb above 1.1050 and close above we have a strong confirmation that a bull trend is forming.
Title: Re: Rosen's Daily
Post by: rosentray on March 04, 2016, 05:52:04 PM
The EUR/USD is trading higher due to the latest NFP's. The pair reached 1.1043 and hit right at the 200SMA. Price retraced and is now trading around the 1.10 level. Key resistance remains the 200SMA at 1.1050 while first support is 1.0975.
Title: Re: Rosen's Daily
Post by: rosentray on March 07, 2016, 01:53:00 PM
I have a reason to believe that the EUR/USD is ready for take off. The price has been trading slightly above long-term downward channel and is currently creating a new upward channel. Should we get another attempt to break the 200SMA, we might see the EUR/USD climbing above 1.11.
Title: Re: Rosen's Daily
Post by: rosentray on March 08, 2016, 05:41:54 PM
EUR/USD reached 1.1057, 15 pips above the 200SMA but due to heavy bearish pressure, it retraced back below the Moving Average and is currenctly trading around the 1.10-1.1015 level.

The pair reached resistance twice in the last three days, indicating that the Euro might attempt a bull run. Pay attention to news this week and watch 1.1045.
Title: Re: Rosen's Daily
Post by: rosentray on March 09, 2016, 08:05:32 AM
EUR/USD is trading lower today, due to major resistance in the face of the 200SMA. Main direction remains bullish, but you should have in mind that tomorrow news are scheduled for tomorrow:

- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT
Title: Re: Rosen's Daily
Post by: rosentray on March 10, 2016, 08:08:14 AM
The EUR/USD reached as high as 1.1036 in yesterdays session, but couldn't keep up with the gains and retraced back below 1.10 to currently trade at 1.0962.

Price is going to trade in current range until the news today come out and the press conference takes place as traders and investors are waiting for fresh news later today.
Title: Re: Rosen's Daily
Post by: rosentray on March 11, 2016, 08:34:54 AM
The EUR/USD is trading higher since yesterday's press conference. The pair reacted sharply bearish in the initial moments and reached 1.0820. However, the Euro decided it's time to break the resistance and pierced through the 200SMA at 1.1045 reaching as high as 1.1218.

Currently a modest decline is taking place and the EUR/USD is trading at 1.1120. Strong support at 1.1080. Major target for bulls 1.1400.
Title: Re: Rosen's Daily
Post by: rosentray on March 14, 2016, 12:55:18 PM
The EUR/USD lost a bit from what was gained during the last two days of the previous week. Nevertheless, the pair is now trading in the uptrend channel and looks ready to test the first support at 1.1080. If this support holds, then the pair might attempt to test first resistance which appears to be the last high of 1.1220.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2016, 10:26:19 AM
The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2016, 11:19:32 AM
Gold is currently consolidating around the $1,230 level. Below $1220 we might witness an attempt for $1,200. Above $1,238 we are headed towards first resistance at $1,255.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2016, 11:20:00 AM
GBP/USD lost a lot and is currently consolidating. I hope it find support and bounce off from here.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2016, 11:26:58 AM
Silver is close to visiting the $15 level. This would be a good time to enter the market and hold it for the long-term. First resistance is 15.35, first support is 15.00.
Title: Re: Rosen's Daily
Post by: GTO on March 17, 2016, 01:14:51 PM
Quote from: rosentray date=1458127172 link=msg=353386

Gold is currently consolidating around the $1,230 level. Below $1220 we might witness an attempt for $1,200. Above $1,238 we are headed towards first resistance at $1,255.


You r right ;)


GTO 8)
Title: Re: Rosen's Daily
Post by: rosentray on March 17, 2016, 02:06:59 PM
The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.
Title: Re: Rosen's Daily
Post by: rosentray on March 17, 2016, 02:13:44 PM
Gold rose to $1,270 as traders and investors are worried about the US economy. Currently Gold is trading at major resistance and a possible turn could be expected that would take prices down to $1.245.
Title: Re: Rosen's Daily
Post by: rosentray on March 18, 2016, 10:34:04 AM
The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.
Title: Re: Rosen's Daily
Post by: rosentray on March 18, 2016, 10:34:55 AM
The USD/CAD is trading at 1.30 thus marking a stable support zone. Below that we might witness a drop to 1.29. If bulls manage to keep prices up, then first target is 1.3070 and getting back into the trading channel.
Title: Re: Rosen's Daily
Post by: rosentray on March 21, 2016, 10:34:19 AM
The EUR/USD is trading lower in todays session. The pair is currently at 1.1260. Price continues to be range bound as traders and investors wait for news to stir the market. First support remains 1.1070, first resistance 1.1410.
Title: Re: Rosen's Daily
Post by: rosentray on March 21, 2016, 10:34:40 AM
Gold made a head and shoulders pattern on the H1 chart. Currently price is $1,1245 and Gold bears are ready to take it down to $,1225 and below. First resistance $1,255 has to be taken out in order for the precious metal to return to the short-term bullish channel.
Title: Re: Rosen's Daily
Post by: rosentray on March 22, 2016, 02:45:07 PM
The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.
Title: Re: Rosen's Daily
Post by: rosentray on March 22, 2016, 02:45:24 PM
Gold was boosted by the events in Belgium and went up $16 to $1,260 from $1,244. It's now trading around $1,255 as traders and investors are trying to figure out how serious this attack actually is. Stay strong, Brussels!
Title: Re: Rosen's Daily
Post by: rosentray on March 23, 2016, 10:35:02 AM
The EUR/USD is trading lower today going as low as 1.1180. Main trend remains bearish, a consolidation around this level might be expected due to lack of fresh news to stir the market.
Title: Re: Rosen's Daily
Post by: rosentray on March 23, 2016, 10:35:22 AM
The GBP/USD declined sharply going from 1.4512 to 1.4160 in less than a week. Short-term a continuation of the downfall might be expected as bears were able to put the Sterling back into the descending trading channel.
Title: Re: Rosen's Daily
Post by: rosentray on March 24, 2016, 01:21:30 PM
The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on March 24, 2016, 01:22:15 PM
Gold pulled up slightly to go back above $1,220 recovering mildly from the losses yesterday. This morning the precious metal went to $1,212 and is currently trading at $1,221. We can expect price to go to $1,200 and then find the support to start climbing again.
Title: Re: Rosen's Daily
Post by: rosentray on March 25, 2016, 07:45:23 AM
The EUR/USD is trading in consolidation due to lack of fresh news. With holiday time today, the low volatility is driving away market participants to something more beneficial. Bulls need to push prices above 1.1180 as bears will try to bring them down to 1.1080.
Title: Re: Rosen's Daily
Post by: rosentray on March 25, 2016, 07:49:05 AM
GBP/USD is also consolidating as no major news are expected today. First support is seen at 1.4055 as bears must take this level down if they want to go below 1.40. On the other hand, bulls need to close above 1.4190 so that a bull trend could be established.
Title: Re: Rosen's Daily
Post by: rosentray on March 28, 2016, 09:20:01 AM
The EUR/USD is trading at support at 1.1170. Price has managed to stay in the ascending trading channel and if this level holds then we might see the pair reach 1.1450 next month. First support 1.1170, first resistance 1.1230.
Title: Re: Rosen's Daily
Post by: rosentray on March 28, 2016, 09:20:57 AM
Gold made a new low in the early trading hours going as low as $1,208. While bulls still have some hopes of price going up, bears are expecting $1,200 to be taken out. First support $1,208, first resistance $1,220. Major target $1,195.
Title: Re: Rosen's Daily
Post by: rosentray on March 29, 2016, 02:42:02 PM
The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.
Title: Re: Rosen's Daily
Post by: rosentray on March 29, 2016, 02:44:06 PM
Gold saw some safe-haven buying in the past hours partly impacted by the expectations that a rate hike might be postponed. The press conference of FED's Chairman Janet Yellen will impact the Gold market so staying away might be the best some people could do.
Title: Re: Rosen's Daily
Post by: rosentray on March 30, 2016, 11:39:51 AM
The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
Title: Re: Rosen's Daily
Post by: rosentray on March 30, 2016, 11:42:21 AM
Gold is shining again today as the weak US dollar boosted investors' interest in the safe-haven asset. Gold reached its resistance at $1,243 and is now trading at $1,237. Main trend remains bearish for the short-term with first target $1,220.
Title: Re: Rosen's Daily
Post by: rosentray on March 31, 2016, 08:12:52 PM
The EUR/USD made a high today at 1.1411, exactly where resistance is. The pair is now trading around 1.1380. If 1.1410 is not taken out by tomorrow there is a chance that bears might be able to bring the Euro down and go below 1.13.
Title: Re: Rosen's Daily
Post by: rosentray on March 31, 2016, 08:13:34 PM
Gold recovered some $8 in today's session due to profit taking and bargain hunting. The precious metal is now trading around $1,233 with first resistance at $1,243. First support zone is $1,220.
Title: Re: Rosen's Daily
Post by: rosentray on April 01, 2016, 05:27:59 PM
EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.
Title: Re: Rosen's Daily
Post by: rosentray on April 01, 2016, 05:29:15 PM
Gold lost more than $20 or about 2% today only after upbeat US data attracted traders and investors to buy the Greenback. Safe haven was not necessary today and the precious metal made a low of $1,208 and is currently trading around $1,215.  Psychological level of $1,200 is on the radar.
Title: Re: Rosen's Daily
Post by: rosentray on April 04, 2016, 12:35:58 PM
EUR/USD is trading lower today after upbeat US data depreciated the pair going as low as 1.1334. Currently, the EUR/USD is trading at 1.1365. Major target for bears is 1.1230. Price has hit resistance and a correction is expected.
Title: Re: Rosen's Daily
Post by: rosentray on April 04, 2016, 12:36:44 PM
Silver is trading below $15. The commodity reached support at 14.82 which is also the 200SMA level and is not trading slightly below $15. First support is 14.83, second is 14.50. First resistance is 15.08, second is 15.53.
Title: Re: Rosen's Daily
Post by: rosentray on April 05, 2016, 03:51:43 PM
Fundamentals are impacting EUR/USD today driving its price down today due to weakness in the European markets. Main support zone remains 1.1340, main resistance 1.1410.
Title: Re: Rosen's Daily
Post by: rosentray on April 05, 2016, 03:52:48 PM
Gold saw a boost in price due to heavy pressure on major world indices. Europe and US markets are also weak today which resulted in traders and investors seeking shelter in Gold. The precious metal made a high of $1,237 and is now back into its short-term downtrend.
Title: Re: Rosen's Daily
Post by: rosentray on April 06, 2016, 09:51:33 AM
The EUR/USD is trading at 1.1345 after making a high of 1.1437.9. The Euro seems poised to continue depreciating against the Dollar as first support zone is seen at 1.1320, while major support is 1.1240.
Title: Re: Rosen's Daily
Post by: rosentray on April 06, 2016, 09:52:22 AM
GBP/JPY is trading at 155.70 going as low as 155.50. Price is yet to reach support as traders and investors have lost trust in the Sterling and might try to push prices down to first support zone at 154.60.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2016, 03:24:14 PM
The EUR/USD is slightly to not changed in today's session after reaching major resistance at level of 1.1450. Low volumes are a signal for a change in trend and if this is case also, then we should see 1.1250 next week.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2016, 03:26:02 PM
Gold experienced heavy buying today. The precious metal is up almost 2% or some $20. Currently, price has begun to falter at $1,242. If this resistance holds the active bulls then we might see a decline starting now.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2016, 09:12:58 PM
Slightly uplifted, the EUR/USD managed to climb above 1.1370. Lack of fresh news might drive prices down in tomorrow's session. First support zone remains 1.1320, second support zone is 1.1250.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2016, 09:20:24 PM
GBP/USD is about to end the day in red losing more than 100 pips. It is currently trading around 1.4050 and has again entered the downtrend channel seen on the daily chart. First support is current market price, second support is 1.3980. Major bear target 1.35.
Title: Re: Rosen's Daily
Post by: rosentray on April 11, 2016, 03:37:39 PM
The EUR/USD is trading higher today but it still remains in the range it's been in for the past few days. Once we see a break above 1.1460 then we might conclude that the sideways movement is over and the pair will go further up. Currently the EUR/USD is trading at 1.1435.
Title: Re: Rosen's Daily
Post by: rosentray on April 11, 2016, 03:39:40 PM
Gold is up with more than $16 in today's session due to weaker dollar. No major news are expected today so the precious metal might continue to rally and reach first resistance zone at $1,260. If this level is broken then we might very well be headed for the psychological zone of $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on April 12, 2016, 08:40:08 AM
EUR/USD is trading lower today reaching 1.1434 and currently trading at 1.1425. Price appears to be trading sideways range bound between 1.1350 and 1.1450. Should we see a break above 1.1480 then we may consider that the EUR/USD is on its way North. Until then market sentiment remains bearish with first target 1.1310 and second target 1.1290.
Title: Re: Rosen's Daily
Post by: rosentray on April 12, 2016, 08:43:37 AM
GBP/USD is trading higher today after making a triple bottom seen best on the H4 chart. Price reached 1.4050 for a third time and after a few days of sideways trading bulls reacted to this level and strong buying pushed prices to 1.4286. Long-term market sentiment remains bearish with first resistance at 1.44.
Title: Re: Rosen's Daily
Post by: rosentray on April 13, 2016, 02:47:04 PM
EUR/USD is trading lower today due to technicals impacting price movement. The pair reached resistance a few days ago going to 1.1470 and then took it down 1.1295. Currently, the EUR/USD is trading at 1.1304 with first support at 1.1270 and first resistance at 1.1450.
Title: Re: Rosen's Daily
Post by: rosentray on April 13, 2016, 02:47:48 PM
Gold is trading lower today after it reached a high of $1,263 and then succumbed to a low of $1,240. Currently, the precious metal is trading at $1,250. Main short-term support is $1,230, main short-term resistance is $1,269.
Title: Re: Rosen's Daily
Post by: rosentray on April 14, 2016, 09:17:55 PM
The EUR/USD reached 1.1233 in today's trading session and is currently trading at 1.1258. 1.1260 is support now and price might attempt to climb above this level and possibly close the week above 1.13.
Title: Re: Rosen's Daily
Post by: rosentray on April 14, 2016, 09:19:31 PM
Gold lost close to $20 in today's trading session due to major technical resistance at the level of $1,263. Price found initial support at $1,230 and climbed to higher than open price only to fall short and bring it back down below $1,230. Currently, Gold is trading at $1,225 and a move up is expected.
Title: Re: Rosen's Daily
Post by: rosentray on April 15, 2016, 09:10:58 AM
The EUR/USD is trading relatively unchanged since yesterday's close as it seems to have been caught in a range between 1.1280 and 1.1240. A move to the upside might be expected as price is resting on a short-term support zone.
Title: Re: Rosen's Daily
Post by: rosentray on April 15, 2016, 09:12:18 AM
Gold is trading at $1,229 which falls below the short-term bull channel. With price out of the bull protection, bears might attempt to take it further down to possible levels around $1,200.
Title: Re: Rosen's Daily
Post by: rosentray on April 18, 2016, 01:02:11 PM
The EUR/USD is trading higher today after technicals influenced the market participants. The pair reached 1.1274 in today's session and is now trading slightly above 1.13. Currently, price is resting on support level and bulls may try to push prices above 1.14.
Title: Re: Rosen's Daily
Post by: rosentray on April 18, 2016, 01:02:54 PM
Gold made a low of $1,230 in today's session and is now trading at $1,237-$1,238. A move up could be expected that would drive prices to a possible level of $1,260 again. If this level is broken then we might see an attempt for $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2016, 08:39:42 AM
EUR/USD made a high of 1.1344 today due to major support at 1.1260. Bears were not able to push price below support and bulls successfully brought the pair back into the ascending trading channel. Major bull target 1.1530.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2016, 08:40:53 AM
Gold saw a boost going from an opening price of $1,233 to $1,247 and is currently trading around $1,244. Technical factor influenced price movement as Gold price was resting at support for the past few days. Major bull target $1,267, then $1,277.
Title: Re: Rosen's Daily
Post by: rosentray on April 20, 2016, 01:22:17 PM
EUR/USD is trading relatively unchanged from yesterday's level due to low volume and lack of fresh news. Current movement indicated that the Euro bulls are ready to take it to first base at 1.15. Whether or not this is gonna happen depends on who will dominate over the pair which suggests that we might get into consolidation if there are no fundamentals to stir the market.
Title: Re: Rosen's Daily
Post by: rosentray on April 20, 2016, 01:23:09 PM
The Canadian dollar marked 20 cents depreciation against its major competitor the US dollar. SInce Jan 20 until today Apr 20 the pair is down to 1.2670 from 1.4690. A correction might be expected that would drive price to a level of 1.29.
Title: Re: Rosen's Daily
Post by: rosentray on April 21, 2016, 09:49:02 PM
The EUR/USD went as high as 1.14 in today's trading hours only to fall and return its gains. The pari is currently trading at 1.1290 as the US dollar is taking control. First bear target 1.1244.
Title: Re: Rosen's Daily
Post by: rosentray on April 21, 2016, 09:50:09 PM
Gold created a roller-coaster effect today opening at $1,245, going to $1,270 and about to close at $1,250. $1,267 was seen as resistance and bears took control over the situation and brought the price down in less than an hour. First bear target $1,238.
Title: Re: Rosen's Daily
Post by: rosentray on April 22, 2016, 10:09:39 AM
The EUR/USD is trading slightly lower from yesterday's close. So far the pair reached a low at 1.1265 and is currently around 1.1271. Main short-term trend remains bullish with current price at support and short-term bull target 1.14.
Title: Re: Rosen's Daily
Post by: rosentray on April 22, 2016, 10:14:29 AM
GBP/JPY reached resistance at the level of 158.90. The pair declined to 156.53 yesterday only to recover quickly and is currently trading at 158.20. If this level holds then bears will try to take price down to the levels around 150. First support is seen at 156.50.
Title: Re: Rosen's Daily
Post by: rosentray on April 26, 2016, 02:17:18 PM
EUR/USD is up today reaching a high of 1.1319. Main trend in the short-term remains bullish with first resistance seen at 1.1338 and second resistance 1.1367. On the other hand, a decline would take the pair down to 1.1250 as first support zone.
Title: Re: Rosen's Daily
Post by: rosentray on April 26, 2016, 02:22:20 PM
GBPY/JPY is having a rally in today's trading session going from 160.48 to 162.30. Main trend in the short-term remains bullish with first resistance seen at 162.40.
Title: Re: Rosen's Daily
Post by: rosentray on April 27, 2016, 12:27:26 PM
EUR/USD is trading slightly to unchanged in today's session. Current market price is 1.1312 with a high of 1.1333. First resistance on the short-term is seen at 1.1320. If bears manage to keep price under that level then we might see a drop to 1.12 which is seen as major short-term bear target.
Title: Re: Rosen's Daily
Post by: rosentray on April 27, 2016, 12:28:32 PM
USD/CAD is trading lower today going to major support zone at 1.26. Current market price is 1.2595 slightly below support. Bulls are expected to take action and push price above the support. First bull  target is seen at 1.2640
Title: Re: Rosen's Daily
Post by: rosentray on April 27, 2016, 12:46:47 PM
USD/JPY is trading low volumes today after having a few days of gains going from 107 to almost 112. Price was able to hold above the support level at 107 and now bulls need to take out first resistance zone at 112.90.
Title: Re: Rosen's Daily
Post by: rosentray on April 27, 2016, 12:49:02 PM
Gold is going up today for a third consecutive day of gains.  Price is currently $1,246, $3 up from opening price of $1,243. First bull target is seen at $1,265, second is $1,281 and third target is the psychological level of $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on April 28, 2016, 02:08:16 PM
EUR/USD is trading higher today going to 1.1367 and is now trading at 1.1347. Market sentiment remains bearish as volume is not enough to keep bulls satisfied with current gains. Price drop could be expected that would lead the price to 1.12.
Title: Re: Rosen's Daily
Post by: rosentray on April 28, 2016, 02:09:40 PM
Gold is up 1% going as high as $1,260 in today's session and is currently trading at $1,258. First bull target is seen at $1,267, second $1,278 and third is the psychological level of $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on April 28, 2016, 02:11:12 PM
GBP/JPY declined after an announcement from BoJ that they are not going to expand monetary policy. The Nikkei lost 3.2 percent giving back prior gains and the Yen rallied against all its competitors. GBP/JPY went down from 162.57 to 157.07 and is now trading at 157.82.
Title: Re: Rosen's Daily
Post by: rosentray on April 29, 2016, 07:36:29 PM
EUR/USD rose to 1.1459 in today's trading session and is currently trading at 1.1453. First bull target is seen at 1.1560, while first support could be found at 1.1370.
Title: Re: Rosen's Daily
Post by: rosentray on April 29, 2016, 07:38:35 PM
Gold rose today to $1,297, almost touching immediate resistance at the psychological level of $1,300. A slight drop could be expected in Monday's early trading hours due to profit taking and overbuying.
Title: Re: Rosen's Daily
Post by: rosentray on May 03, 2016, 12:01:17 PM
EUR/USD is trading higher in today's session marking a 9-month high at the high of 1.1616. Main trend on the short-term is expected to change with first bear target at 1.1400-1.1420.
Title: Re: Rosen's Daily
Post by: rosentray on May 03, 2016, 12:02:42 PM
USD/CAD saw sharp improvement today going from 1.2511 to 1.2574. For the past two days the pair has steadily recovered from a low of 1.2460. Main trend on the long-term is expected to change to bullish with first bull target a close above 1.26.
Title: Re: Rosen's Daily
Post by: rosentray on May 03, 2016, 12:14:02 PM
Gold is seen to be consolidating caught in the range between $1,290 and $1,300. Current price is $1,293-$1,294 which marks the level above the resistance line. The precious metal has been out of channel for the past two days and the way it looks it's going to try and return back to the channel, which suggests a slight drop to $1,286.
Title: Re: Rosen's Daily
Post by: rosentray on May 03, 2016, 12:14:54 PM
Silver has downgraded in price marking a high 18.00 and currently trading at 17.46 - 17.50. Main trend on the short-term appears to change to bearish unless Silver bulls manage to push price above 18.00.
Title: Re: Rosen's Daily
Post by: rosentray on May 04, 2016, 02:01:22 PM
EUR/USD is trading lower in today's session currently trying to break the 1.15 barrier. Price is yet to determine a direction but by the way it looks, bears might attempt to short the Euro for a target at 1.14.
Title: Re: Rosen's Daily
Post by: rosentray on May 04, 2016, 02:02:40 PM
GBP/USD is trading at 1.45 after heavy pressure from Sterling bears pulling price down from 1.4770 to 1.4470 in less than two days. As it looks, bears will try to continue their rally with a target at 1.44.
Title: Re: Rosen's Daily
Post by: rosentray on May 05, 2016, 12:25:34 PM
EUR/USD is trading sharply lower today after reaching multi-month high of 1.1620. The pair is currently trading at 1.1423 and by the way it looks, it might test 1.14 before we get the news tomorrow. Reminder: NFP and Unmployment Rate are scheduled for tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on May 05, 2016, 12:27:11 PM
Gold is consolidating at the $1,280 level a day before the most important US data for the month - the NFP's and the Unemployment Rate. The precious metal reached a high of $1,303 only to fall short and went as low as $1,271. Most likely it will trade sideways until the market stir tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on May 06, 2016, 11:52:18 AM
The EUR/USD is trading sideways today at 1.1380-1.14-1.1420. The pair is on hold expecting the market stir as traders and investors are anticipating the latest NFP data and Unemployment Rate. Current market price 1.1420 is first support while major resistance is 1.1580.
Title: Re: Rosen's Daily
Post by: rosentray on May 06, 2016, 11:54:03 AM
Gold is trading relatively unchanged from yesterday's levels due to lite volumes as market participants are waiting for the latest US data scheduled for less than two hours. If it turns out that the NFP's and Unemployment Rate are favoring the US dollar then Gold might test $1,250. On the other hand, worse than expected US data is favorable for the precious metal and we might see a break above $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on May 09, 2016, 03:51:28 PM
EUR/USD is trading relatively unchanged in today's session gravitating around 1.14. Low volumes are partially due to no major events today as well as the lite impact caused by the latest NFP's and Unemployment rate.
Title: Re: Rosen's Daily
Post by: rosentray on May 09, 2016, 03:53:07 PM
Gold lost more than $20 in today's session. The decline was caused by technical bears who saw that the precious metal reached resistance. Main trend on the short-term remains bearish.
Title: Re: Rosen's Daily
Post by: rosentray on May 10, 2016, 12:56:51 PM
EUR/USD is trading relatively unchanged since yesterday's session. The pair is gravitating around 1.1375-1.1385. The low volumes come from weak positions from both sides caused by no major events to shake up the markets.
Title: Re: Rosen's Daily
Post by: rosentray on May 10, 2016, 12:58:19 PM
Gold is trading steadily around the level of $1,262-1,265. First support is seen at $1,250, while first resistance is the level of $1,270.
Title: Re: Rosen's Daily
Post by: rosentray on May 11, 2016, 09:07:35 AM
EUR/USD appears to be caught in a range between 1.14 and 1.1360. Currently, the pair is trading at 1.1387. No major news are expected today so we might see a continuation of sideways trading.
Title: Re: Rosen's Daily
Post by: rosentray on May 11, 2016, 09:09:01 AM
USD/CAD made a low of 1.2887 earlier today after posting several days of gains with a high of 1.3003. Currently, the pair is at 1.2926 and remains bullish on the short-term.
Title: Re: Rosen's Daily
Post by: rosentray on May 13, 2016, 02:20:13 PM
The EUR/USD is trading lower today after upbeat US data. Main trend on the short-term remains bearish. Current market price 1.1327.
Title: Re: Rosen's Daily
Post by: rosentray on May 13, 2016, 02:21:10 PM
Gold reached $1,262 earlier today and is now slightly higher at $1,268. Bears might attempt to further depreciate the price of the precious metal.
Title: Re: Rosen's Daily
Post by: rosentray on May 13, 2016, 02:21:50 PM
USD/JPY is having a strong day today with price reaching a new high at 109.44. Currently, price is a bit lower, but by the way it looks, bulls are trying to take control and break above 110.
Title: Re: Rosen's Daily
Post by: rosentray on May 13, 2016, 02:23:13 PM
GBP/USD is trading lower in today's session breaking below 1.4360 with a low of 1.4359. Main trend on the short-term remains bearish with first support at current market price.
Title: Re: Rosen's Daily
Post by: rosentray on May 16, 2016, 10:15:19 AM
EUR/USD is trading at 1.1320 after making a low of 1.1283 which appeared to be prior pivot point and gave bulls some confidence that they might be able to turn the price around. Main trend remains bearish on the short-term with first bear target 1.1270.
Title: Re: Rosen's Daily
Post by: rosentray on May 16, 2016, 10:18:23 AM
Gold is trading some $13 higher since the opening of the trading session. The precious metal reached a high of $1,283 and is currently $1,282.
Title: Re: Rosen's Daily
Post by: rosentray on May 16, 2016, 10:19:24 AM
Oil made a new high today at 47.11 and is currently trading at 47.05 Bulls were able to make an 8-month high which suggests that price may make a correction. First bull target 48.33.
Title: Re: Rosen's Daily
Post by: rosentray on May 16, 2016, 10:20:34 AM
USD/JPY is trading in consolidation with current price 108.76. The pair reached a multi-year low a few days back and bulls took control over the situation pushing price to a high of 109.53. First bull target is to close above 110.
Title: Re: Rosen's Daily
Post by: rosentray on May 17, 2016, 03:33:53 PM
EUR/USD is trading at 13.36, slightly changed from yesterday's levels. Traders and investors are expecting tomorrow's FOMC Meeting so low volatility can be expected.
Title: Re: Rosen's Daily
Post by: rosentray on May 17, 2016, 03:35:00 PM
Gold is gravitating towards the $1,275 level currently being range bound between $1,270 and $1,280. Price is yet to pick a direction, so a break to either sides could indicate a potential trend on the short-term.
Title: Re: Rosen's Daily
Post by: rosentray on May 19, 2016, 12:56:51 PM
EUR/USD is trading lower today after the release of the FOMC Minutes. Traders and investors boosted the US dollar, continuing the short-term bearish trend. Current market price 1.1200.
Title: Re: Rosen's Daily
Post by: rosentray on May 19, 2016, 12:58:25 PM
Gold lost more than 2% since the release of the FOMC Minutes yesterday. The precious metal is currently trading at support and if we could get a break below $1,250 this would indicate that bears are ready to attempt to take price further down to $1,230.
Title: Re: Rosen's Daily
Post by: rosentray on May 19, 2016, 12:59:42 PM
GBP/USD is trading higher due to upbeat UK data released this morning. Price reacted very positively to the latest data and went to 1.4657. However, it did not seem enough to keep the momentum and the pair is now trading a bit lower.
Title: Re: Rosen's Daily
Post by: rosentray on May 19, 2016, 01:02:18 PM
USD/CAD made a new high today going above 1.31. The pair has been in an uptrend since the beginning of May and it looks like it will try to reach first resistance at 1.3150.
Title: Re: Rosen's Daily
Post by: rosentray on May 23, 2016, 10:20:27 AM
The EUR/USD is trading close to the previous two days levels around 1.1210-1.1200. Main trend remains bearish on the short-term with immediate support at 1.1200 and first resistance at 1.1250.
Title: Re: Rosen's Daily
Post by: rosentray on May 23, 2016, 10:21:40 AM
Gold is trading at $1,250. As it looks, it might attempt to break this level and go for $1,230. Watch for news that may cause volatility.
Title: Re: Rosen's Daily
Post by: rosentray on May 24, 2016, 11:20:07 AM
The EUR/USD is trading lower today after a few days of consolidation around 1.12. Price is currently 1.1183 with a low of the day of 1.1168. First support is seen at 1.1150.
Title: Re: Rosen's Daily
Post by: rosentray on May 24, 2016, 11:21:38 AM
GBP/AUD reacted strongly to the announcement of governor Glenn Stevens to cut rates. Price went from 2.0046 to 2.0396 in just a few hours. Currently it's around 2.0370 and first resistance is 2.0403.
Title: Re: Rosen's Daily
Post by: rosentray on May 25, 2016, 09:01:59 PM
EUR/USD lost a bit more today due to continued selling pressure the Dollar bulls, who managed to push the price to 1.1130 but then the pair was able to climb to a current price of 1.1160.
Title: Re: Rosen's Daily
Post by: rosentray on May 25, 2016, 09:03:08 PM
Gold went to $1,217 in today's session due to heavy bear pressure. The precious metal tried to go above $1,230 in the early trading hours but momentum came short and price retreated. Gold is currently trading at $1,224.
Title: Re: Rosen's Daily
Post by: rosentray on May 26, 2016, 03:49:16 PM
EUR/USD rose despite somehow the positive US data announced earlier today. The pair reached 1.1216 and is currently trading at 1.1200 from a low of 1.1149. Main trend on the short-term remains bearish.
Title: Re: Rosen's Daily
Post by: rosentray on May 26, 2016, 03:50:05 PM
Gold is trading relatively unchanged from yesterday's level gravitating towards $1,228. The precious metal made a high of $1,234 in the early hours and is now back to opening price. First support remains $1,220.
Title: Re: Rosen's Daily
Post by: rosentray on May 27, 2016, 09:43:25 AM
EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than four hours and then two hours later we have a speech from the FED Chair Janet Yellen.
Title: Re: Rosen's Daily
Post by: rosentray on May 27, 2016, 09:44:21 AM
Gold is trading to the downside today going as low as $1,211 and currently priced at $1,1221. Have in mind that the latest US GDP data is scheduled for later today and that could create market volatility. Also, two hours after GDP data we have a speech from the FED Chair Janet Yellen.
Title: Re: Rosen's Daily
Post by: rosentray on May 30, 2016, 02:18:49 PM
The EUR/USD fell below 1.11 in the early trading hours today and was quick to recover currently trading at 1.1137 close to the high of the day at 1.1143. After Yellen's statements that the FED is going to raise the interest rates gradually, market participants favored the US dollar causing a sell off in the pair.
Title: Re: Rosen's Daily
Post by: rosentray on May 30, 2016, 02:20:40 PM
Gold fell below $1,200 for the first time since April and is now trading above the psychological level at $1,1207. High of the day is $1,210. First support is seen at $1,200 while first resistance is seen at $1,212.
Title: Re: Rosen's Daily
Post by: rosentray on May 31, 2016, 01:52:48 PM
The EUR/USD is having a tough time today consolidating towards the level of 1.1150. Low volumes are a sign of tension building so you might want to be careful in the coming days as a sharp move might be coming.
Title: Re: Rosen's Daily
Post by: rosentray on May 31, 2016, 01:53:54 PM
The USD/JPY is faced with resistance as bulls have to take over the 111.40 level in order for the bullish trend to continue. Until then, bears might attempt to bring price down below 110 and then even lower.
Title: Re: Rosen's Daily
Post by: rosentray on May 31, 2016, 01:54:55 PM
Gold is slightly to unchanged in today's session after going below $1,199 yesterday morning. Market sentiment continues to be bearish with improving US economy that might boost the US dollar further.
Title: Re: Rosen's Daily
Post by: rosentray on May 31, 2016, 01:55:48 PM
GBP/USD is in a high volatility situation today after making a high of 1.4729 and a low of 1.4568. GBP/USD is currently trading at 1.4643 as bears and bulls are having a fight who is going to bid more. Until one of the two levels is broken, it is best to stay neutral.
Title: Re: Rosen's Daily
Post by: rosentray on June 01, 2016, 03:45:34 PM
The EUR/USD marks a somewhat positive day today up about 30 pips to currently trade at 1.1160. Market sentiment remains to be bearish with the latest commentary from FED Chair Janet Yellen to raise rates gradually. First resistance is seen at 1.12, first support is seen at 1.11.
Title: Re: Rosen's Daily
Post by: rosentray on June 01, 2016, 03:47:16 PM
The USD/CAD is trading slightly to the upside in today's session. The pair reached a high of 1.3130 and now bulls are faced with the challenge to beat the last high of 1.3195.
Title: Re: Rosen's Daily
Post by: rosentray on June 01, 2016, 03:48:12 PM
Gold is seeing low volume trading gravitating around $1,213. Bulls need to break  the lofty target of $1,230 in order for market participants to begin changing their sentiment.
Title: Re: Rosen's Daily
Post by: rosentray on June 01, 2016, 03:49:13 PM
GBP/JPY made a high of 164 yesterday and in two days only it lost about 600 pips. The pair is currently trading at 157.80 and it seems the downfall has more potential.
Title: Re: Rosen's Daily
Post by: rosentray on June 06, 2016, 08:26:44 PM
EUR/USD is trading relatively stable in today's session even after Yellen's speech about the latest jobs report and current economy state. Price is now 1.1370 with first resistance at 1.14.
Title: Re: Rosen's Daily
Post by: rosentray on June 06, 2016, 08:28:18 PM
USD/CAD made a new low today going to 1.2805. Only in a matter of two days the price went down 400 pips from 1.3198 to current low. Below 1.28 further downside trading could be expected.
Title: Re: Rosen's Daily
Post by: rosentray on June 07, 2016, 02:15:37 PM
EUR/USD is trading lower today after the speech of FED's Yellen. Key remarks highlighted in her talk were the strengths of the US economy and the reason for such a low jobs report. She emphasized how traders and investors should not overreact to a single report. This appers to have worked, as the US dollar is stronger today.
Title: Re: Rosen's Daily
Post by: rosentray on June 07, 2016, 02:18:00 PM
USD/JPY recovered quickly after a low of 106.50 made on Friday. The pair reached 107.90 earlier today and is not trading at 107.53. Should we see a break above 108 we can expect further continuation of the uptrend movement.
Title: Re: Rosen's Daily
Post by: rosentray on June 08, 2016, 09:34:18 AM
EUR/USD is trading higher today due to lack of fresh news and the reaction of the latest jobs report. Price is currently 1.1371 and market sentiment on the short term is bullish.
Title: Re: Rosen's Daily
Post by: rosentray on June 08, 2016, 09:35:01 AM
USD/CAD posts new losses today and is about to end another session in the red. First support zone remains 1.27. Below 1.2650 we might see further sell off. If 1.27 holds the price, then we are in for another bull run.
Title: Re: Rosen's Daily
Post by: rosentray on June 09, 2016, 03:18:00 PM
The EUR/USD lost around 100 pips in today's session. Traders and investors were drawn again in the US dollar and the pair marked a low of 1.1306. Main trend on the short-term is yet to be determined.
Title: Re: Rosen's Daily
Post by: rosentray on June 09, 2016, 03:19:22 PM
Gold climbed to above $1,265 in today's session after giving back some $5. Traders and investors saw this as an opportunity to buy the dip and Gold keeps getting higher and higher.
Title: Re: Rosen's Daily
Post by: rosentray on June 09, 2016, 03:20:34 PM
USD/CAD marks a somehow positive day after yesterday's low of 1.2654. Price is now 1.2734 with a high of 1.2766. Good support zone is 1.27.
Title: Re: Rosen's Daily
Post by: rosentray on June 09, 2016, 03:21:18 PM
USD/JPY kept depreciating today after the effect of technicals. Bears saw an opportunity to sell the market close to 111 and price is now 106.55. There is a chance of a double bottom at 105.54.
Title: Re: Rosen's Daily
Post by: rosentray on June 13, 2016, 06:54:59 PM
EUR/USD marks a positive day today after going to 1.1234 and reaching a high of 1.1304. The pair is now trading at 1.1280 and as it appears, it is consolidating between the low of 1.11 and the high of 1.14.
Title: Re: Rosen's Daily
Post by: rosentray on June 13, 2016, 06:56:42 PM
Gold is trading higher in today's session after opening at $,1274 and reaching a high of $1,285. Currently the precious metal is trading close to daily high. We can expect a decline from this level, as we are in the resistance. If the level holds, then depreciation could be at hand.
Title: Re: Rosen's Daily
Post by: rosentray on June 13, 2016, 06:58:13 PM
GBP/USD is trading with heavy volumes and high volatility in today's session going as low as 1.4113 and as high as 1.4321. Remember that the UK has a Referendum scheduled for Thursday 23th. Until then trading could be very dangerous.
Title: Re: Rosen's Daily
Post by: rosentray on June 13, 2016, 06:59:31 PM
USD/CAD is trading higher in today's session reaching a high of 1.2828. The pair appears to be trying to recover from last low of 1.2654. First support is seen at 1.2700, first resistance is seen at 1.2800.
Title: Re: Rosen's Daily
Post by: rosentray on June 14, 2016, 05:15:49 PM
The EUR/USD was not impacted today by the release of the Advance Retail Sales today. The news turned out to be a non-event and price did not alter in any sudden and volatile changes.
Title: Re: Rosen's Daily
Post by: rosentray on June 14, 2016, 05:17:46 PM
Gold was slightly influenced by the US Advance Retail Sales today and made a high of $1,290 thus making a double top. Price is now below $1,290 and further depreciation could be expected.
Title: Re: Rosen's Daily
Post by: rosentray on June 14, 2016, 05:19:20 PM
USD/CAD posted new gains in today's session making a high of 1,2860 and is currently gravitating to 1.2840. A correction could be expected only to give some air to the pair before it continues climbing again.
Title: Re: Rosen's Daily
Post by: rosentray on June 14, 2016, 05:20:32 PM
GBP/USD posts new losses today after a Brexit poll shows voters are favoring the exit of the EU. Price went as low as 1.4090 and is now trading at 1.4125.
Title: Re: Rosen's Daily
Post by: rosentray on June 15, 2016, 08:37:54 AM
EUR/USD is trading relatively unchanged since yesterday's session gravitating towards 1.1200. The pair is now 1.1209 and trading in really low volumes due to lack of fresh news that would stir the market.
Title: Re: Rosen's Daily
Post by: rosentray on June 15, 2016, 08:41:09 AM
USD/JPY managed to hold above the key level of 106. The pair dipped below 106 to a low of 105.62 thus forming double bottom with previous low of 105.58. Bulls were quick to react and pushed prices to a daily high of 106.32.
Title: Re: Rosen's Daily
Post by: rosentray on June 20, 2016, 07:08:19 PM
EUR/USD traded unsteadily today as we are already in the decision week when on Thursday it will be clear whether the UK leaves the EU or not. Whatever happens, volatility will rise.
Title: Re: Rosen's Daily
Post by: rosentray on June 20, 2016, 07:09:55 PM
Gold lost some $10 in today's session after heavy selling occured. The precious metal is now in the correction phase after it reached a 10-month high at $1,315 and pulled back to $1,277. Gold is now trading at 1,287.
Title: Re: Rosen's Daily
Post by: rosentray on June 21, 2016, 02:47:12 PM
The EUR/USD is trading lower today after yesterday's losses. The pair reached a low of 1.1263 and could continue trading in the red until it reaches first support at 1.1180.
Title: Re: Rosen's Daily
Post by: rosentray on June 21, 2016, 02:48:00 PM
Gold posts new losses today going down 1.5%. The precious metal went from $1,294 to $1,269 and is still indicating further losses. First support zone is seen at $1,262 while first resistance is seen at $1,285.
Title: Re: Rosen's Daily
Post by: rosentray on June 22, 2016, 10:54:13 AM
The EUR/USD is trading somewhat higher since opening going to 1.1280. Main trend remains bullish as we have been in an uptrend channel for quite a while now. UK Vote is tomorrow, playing great defense is key.
Title: Re: Rosen's Daily
Post by: rosentray on June 22, 2016, 10:55:28 AM
Gold lost a few dollars so far in today's session going to a low of $1,260 and currently trading at $1,265. A correction move seems to be forming meaning a further depreciation in price can be expected.
Title: Re: Rosen's Daily
Post by: rosentray on June 22, 2016, 10:56:51 AM
EUR/JPY is trading in the red this week after it touched upon the Fibo Golden Ratio last week. Although this would mean a bull run, it is still to early as price is well below the 200SMA signalling downward move might not be over.
Title: Re: Rosen's Daily
Post by: rosentray on June 22, 2016, 10:57:47 AM
USD/CAD is trading lower today going to 1.2772. The pair appears to be forming a triangle best seen on the daily chart. Should we get a break of either lines, market participants might react aggresively and create high volatility.
Title: Re: Rosen's Daily
Post by: rosentray on June 24, 2016, 03:55:58 PM
The EUR/USD went down some 500 pips in today's session after we had the Brexit confirmed. The pair went to a low of 1.0911 from 1.1428. High volatility is bound to continue next week.
Title: Re: Rosen's Daily
Post by: rosentray on June 24, 2016, 03:57:22 PM
The UK has left the building and the Sterling collapsed to more than 30-year low at 1.32 against he US dollar. GBP/USD last made a high of 1.50 and when results were announced the pair crashed with more than 12%.
Title: Re: Rosen's Daily
Post by: rosentray on June 27, 2016, 06:31:21 PM
EUR/USD is trading around 1.1020 currently due to lack of fresh news. No interest at this point is causing the pair to consolidate at these levels and until something exciting happen we might see it consolidate further.
Title: Re: Rosen's Daily
Post by: rosentray on June 27, 2016, 06:32:11 PM
Gold is losing its shine in today's session after a few dollars of gains. The precious metal reached $1,333 and is now trading at $1,318. Profit taking and overbuying is seen as the main cause of the depreciation of Gold.
Title: Re: Rosen's Daily
Post by: rosentray on June 27, 2016, 06:33:09 PM
USD/CAD breached 1.31 in today's session and is now trading at 1.3080. The pair remains in uptrend and if we get a close above 1.31 today we might see it continue further north.
Title: Re: Rosen's Daily
Post by: rosentray on June 27, 2016, 06:34:10 PM
USD/JPY is currently trading at 101.65 after it managed to climb to 102.47. The pair appears to be on its way to continue South as it is now below the trading channel, way below the 200SMA and as a third - it went to 98.94 on Friday as we saw the Brexit really happened.
Title: Re: Rosen's Daily
Post by: rosentray on June 28, 2016, 12:29:37 PM
A calm day for the EUR/USD so far with price slightly above yesterday's level. The pair is now trading at 1.1092. Have in mind that we have important news scheduled for later today which might leave an impact on the EUR/USD.
Title: Re: Rosen's Daily
Post by: rosentray on June 28, 2016, 12:30:29 PM
USD/CAD is trading relatively unchanged since yesterday's session making a low of 1.2966 and currently trading at 1.3024. Main trend on the short-term remains bullish as price has been consolidating around the same level since last week.
Title: Re: Rosen's Daily
Post by: rosentray on June 28, 2016, 12:31:24 PM
GBP/USD recovered to a high of 1.3371. It appears the bulls were able to push price up with some 250 pips which looks like nothing major compared to the latest drop of 18 cents or 12%. Price might recover a bit as it's now trading on the support line.
Title: Re: Rosen's Daily
Post by: rosentray on June 28, 2016, 12:32:45 PM
Gold is having some of its shine taken away as it has been in consolidation since the Brexit. The precious metal went to a low of $1,305 and is now trading at $1,309. Consolidation is currently what drives price and until we get something to stir the market we can expect the range trading to continue.
Title: Re: Rosen's Daily
Post by: rosentray on June 29, 2016, 02:33:39 PM
EUR/USD is trading higher today making a high of 1.1117. Although we saw positive US data, the Dollar bulls could not impact price behavior and the pair is now trading higher than pre-news time. First resistance is met at 1.1110 while first support remains the level of 1.1050.
Title: Re: Rosen's Daily
Post by: rosentray on June 29, 2016, 02:34:53 PM
GBP/USD made a new high today going to 1.3499. The pair is showing good signs of recovery coming from a low of 1.3120. First resistance is the level of 1.3490 while first support is 1.3280.
Title: Re: Rosen's Daily
Post by: rosentray on July 04, 2016, 02:52:46 PM
EUR/USD is trading close to unchanged in today's session. No news and market movers create a calm environment where consolidation is present. Until we get fresh news, price would probably gravitate towards 1.1140.
Title: Re: Rosen's Daily
Post by: rosentray on July 04, 2016, 02:53:40 PM
Silver made a new top today and is going steady in its gains. The commodity reached a high of 21.16 and is now trading at 20.52.
Title: Re: Rosen's Daily
Post by: rosentray on July 05, 2016, 12:34:41 PM
The EUR/USD reached its highest point in today's session going to 1.1186. After the peak the pair was immediately depreciated and is now trading at 1.1156. Current market price appears to be in the middle of today's low and high and if it continues like this we might expect further depreciation.
Title: Re: Rosen's Daily
Post by: rosentray on July 05, 2016, 12:40:09 PM
USD/CAD is forming a triangle best seen on daily timeframe. The pair touch the resistance line several times and is now somewhere in between the lines. Until we get a break out of either sides we might expect price to trade sideways. Patiently waiting could turn out to be the best choice in this specific case.
First support level 1.2760, first resistance level 1.3060.
Title: Re: Rosen's Daily
Post by: rosentray on July 06, 2016, 01:24:47 PM
The EUR/USD is trading lower in today's session and made a low of 1.1036. The pair reacted with a sharp drop after it touched a prior pivot point at 1.1186 and was quickly depreciated. The EUR/USD is now slightly recovered and is trading at 1.1074.
Title: Re: Rosen's Daily
Post by: rosentray on July 06, 2016, 01:28:31 PM
Gold is now above two major resistance levels - $1,350 and $1,357. The precious metal pierced through both of them in two days and is now trading at $1,368 with a high of $1,375. Now Gold is going to have to draw new patterns and choose a new path to go as it's above two trading channels.
Title: Re: Rosen's Daily
Post by: rosentray on July 07, 2016, 02:51:48 PM
EUR/USD is trading relatively lower today. The price is now 1.1091 and this is the second day where the pair goes below 1.1060 and then climbs back above 1.1100. Current level is right at the 200SMA.
Title: Re: Rosen's Daily
Post by: rosentray on July 07, 2016, 02:53:59 PM
Gold is trading in the red today marking the end of a 6-day winning streak. The precious metal reached a high of $1,375 and is now trading at $1,355. First support zone is seen at $1,351 while first resistance is the last high of $1,375.
Title: Re: Rosen's Daily
Post by: rosentray on July 08, 2016, 08:32:27 AM
The EUR/USD is trading relatively unchanged since yesterday's session. Today we have the NFP and Jobs report in less than 5 hours. The most important news for the month are bound to stir the calm market today.
Title: Re: Rosen's Daily
Post by: rosentray on July 08, 2016, 08:38:00 AM
Gold gave back some of the returns made throughout the week and is now trading at $1,355. The precious metal made a high of $1,375 thus breaking two major resistance levels. Right now it appears that market participants are awaiting the FED release today as price is now in consolidation.
Title: Re: Rosen's Daily
Post by: lonewolf on July 08, 2016, 10:48:47 AM
Thanks for the constant updates Rosentray. Appreciated.
Title: Re: Rosen's Daily
Post by: rosentray on July 11, 2016, 08:46:34 AM
The EUR/USD pair recorded a drop in the first hours of the trading European session. The pair reached of 1.1017 and is now trading at 1.1028. First support is seen at 1.1000.
Title: Re: Rosen's Daily
Post by: rosentray on July 11, 2016, 08:50:01 AM
USD/JPY is trading some 150 pips higher since the opening of today's markets. The pair made a low of 100.54 and is now trading at 101.95. Earlier today the pair made a high of 102.14. The 100-level is major support as it forms a double bottom and a 50.00% Fibbo level.
Title: Re: Rosen's Daily
Post by: rosentray on July 12, 2016, 07:22:46 PM
The EUR/USD is trading relatively unchanged since yesterday's session. The pair reached a high of 1.1125 and then plummeted again below the 200SMA making a low of 1.1052. The pair is now 1.1069 and is headed to first support at 1.0951.
Title: Re: Rosen's Daily
Post by: rosentray on July 12, 2016, 07:26:45 PM
USD/JPY is having a great bull run since yesterday. The pair is up from 100.01 to 104.98. Currently price is 104.90 and it looks like it's headed to first resistance at 107.50. If the pair keeps going North with the same momentum we might even see 108.60 until the end of the week.
Title: Re: Rosen's Daily
Post by: rosentray on July 13, 2016, 08:28:59 AM
The EUR/USD is trading to the downside in today's session currently at 1.1041. The price is back below the 200SMA after it reached above it yesterday. It appears to be hard for the market participants to win a direction as the price has been gravitating towards the 200SMA since mid-June.
Title: Re: Rosen's Daily
Post by: rosentray on July 13, 2016, 08:33:09 AM
GBP/USD is in its fourth day of consecutive gains after making a multi-year low at 1.28. The pair is now back at its long-term downtrend and now first support is seen at 1.3155. Current market price 1.3267.
Title: Re: Rosen's Daily
Post by: rosentray on July 14, 2016, 01:36:19 PM
The EUR/USD reached a high of 1.1164 in today's session after the Bank of England announced it's keeping the key interest rate unchanged. Market participants did not expect that and EUR and GBP saw a surge. Have in mind that this rally might prove to be short-lived. Current market price 1.1146.
Title: Re: Rosen's Daily
Post by: rosentray on July 14, 2016, 01:42:58 PM
GBP/USD is trading to the upside in today's session. It's because the bank of England surprisingly put their key interest rate on hold. The pair went from a low of 1.3104 to a high of 1.3470 and is currently trading at 1.3356. Although the rally seems powerful, it is best to wait for confirmation as momentum is not enough to produce a sustainable bull run.
Title: Re: Rosen's Daily
Post by: rosentray on July 15, 2016, 01:07:42 PM
EUR/USD is trading quietly today so far as we have important US data scheduled for later today. The pais is trading between 1.11 and 1.1150. Main trend on the short-term is bullish as we are above the 200SMA and into the fifth day of consecutive gains.
Title: Re: Rosen's Daily
Post by: rosentray on July 15, 2016, 01:15:25 PM
NZD/CAD is trading to the downside for a third consecutive day today. The pair reached resistance at 0.9537 and then started going downhill fast. The price is now 0.9215 and it looks like it will keep going lower as we passed the support level at 0.9270.
Title: Re: Rosen's Daily
Post by: rosentray on July 18, 2016, 05:36:40 PM
The EUR/USD is trading flat in today's session due to lack of fresh news and events. Technically, the pair is consolidating around the 1.1050 level. Today's high is 1.1084 and the price is now 1.1076.
Title: Re: Rosen's Daily
Post by: rosentray on July 18, 2016, 05:37:16 PM
Gold lost some of its shine today after making a high of $1,335. The precious metal is now trading at $1,327 and it looks like it will keep pushing lower. The events in Turkey were not enough to boost prices. First support is seen at $1,321.
Title: Re: Rosen's Daily
Post by: rosentray on July 19, 2016, 09:19:11 AM
The EUR/USD is losing some ground in today's session but it is still trading in the range of its yesterday's high and low. The pair is now at 1.1054, down from 1.1080.
Title: Re: Rosen's Daily
Post by: rosentray on July 19, 2016, 09:20:06 AM
Silver is in the red in today's trading. After it reached a high of 21.16, the metal started going downhill and is now trading at 19.90. Is is expected that it would continue depreciating with first resistance at 19.20
Title: Re: Rosen's Daily
Post by: rosentray on July 20, 2016, 07:03:17 PM
The EUR/USD reached a low of 1.0981 in today's session and recovered to a current price of 1.1004. Major level of support is seen at 1.0955.
Title: Re: Rosen's Daily
Post by: rosentray on July 20, 2016, 07:07:21 PM
Gold lost more than $20 in today's session after market participants took profits from the bull run that started a few weeks ago at $1,200/oz. Price was highest today at $1,338 and is currently trading at $1,317 with a low of $1,313.50. Bearish momentum is expected to continue until the end of the week.
Title: Re: Rosen's Daily
Post by: rosentray on July 21, 2016, 07:47:51 AM
Not much is happening in the EUR/USD in today's session although we saw a mild recovery towards the range at 1.1040. The pair reached a low of 1.1003 earlier today and made a high of 1.1047. Bearish trend on the long-term remains steady.
Title: Re: Rosen's Daily
Post by: rosentray on July 21, 2016, 07:49:58 AM
NZD/CAD reached a 1-month low earlier today going below 0.91 with a low of 0.9085. The pair recovered to a current market price of 0.9110 as bulls saw an opportunity to buy the dip. Bears remain the stronger side of the deal with 7 consecutive days in the red.
Title: Re: Rosen's Daily
Post by: rosentray on July 22, 2016, 06:37:19 PM
The EUR/USD reached major support in today's session with a low of 1.0956. Bulls are expected to take action and buy the dip while bears will try their best to push price below support to first target at 1.0910.
Title: Re: Rosen's Daily
Post by: rosentray on July 22, 2016, 06:40:09 PM
USD/CAD reached first resistance today in the face of 1.3180. The pair went through the upper triangle line at 1.3050 and continued steady to reach prior high and make a double top. If this holds, first bear target is 1.3030.
Title: Re: Rosen's Daily
Post by: rosentray on July 25, 2016, 07:21:08 AM
The EUR/USD is trading at support at 1.0970. If this level is broken we might see an attempt of Bears to go to 1.0900. On the other hand, it 1.0970 is a successful support Bulls might attempt to break above first resistance at 1.1035.
Title: Re: Rosen's Daily
Post by: rosentray on July 25, 2016, 07:23:20 AM
Gold reached a low of $1,313 in today's early hours and is currently trading at $1,318. The precious metal is at support for a second time since last week and if this level holds we might see Gold going to $1,400. Milestones until then: $1,335; $1,350; 1,375.
Title: Re: Rosen's Daily
Post by: rosentray on July 26, 2016, 08:12:54 AM
EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
Title: Re: Rosen's Daily
Post by: rosentray on July 26, 2016, 08:21:14 AM
USD/JPY is trading lower due to technicals and fundamentals combined. The pair reached a high of 107.50 and started goind downhill. USD/JPY is currently trading at 104.22 about to end a second consecutive day in the red.
Title: Re: Rosen's Daily
Post by: rosentray on July 27, 2016, 07:49:37 AM
EUR/USD is consolidating around 1.0990 in anticipation of the FED Interest Rate Decision scheduled for later today. Major support is seen at 1.0960. First bull target is seen at 1.1070.
Title: Re: Rosen's Daily
Post by: rosentray on July 27, 2016, 07:52:01 AM
USD/JPY reached minor resistance in today's early hours at 106.54 and is now trading at 105.62. The pair is in a long-term downtrend with major bear target at 98. Before that milestones are seen at 103 and 100.50. On the other hand, major bull target is to break above 108.00.
Title: Re: Rosen's Daily
Post by: rosentray on July 28, 2016, 08:25:36 AM
The EUR/USD is trading higher after the FED decided to leave the rates unchanged. The pair went from 1.0961 to a current market price of 1.1109. First resistance is seen at 1.1140, while first support is found at 1.1020.
Title: Re: Rosen's Daily
Post by: rosentray on July 28, 2016, 08:34:43 AM
Gold reached a high of $1,342 after the FED did not touch the rate. The precious metal found support at $1,311 and since then it has been trading to the upside. First and minor support is seen at $1,324, while first resistance is seen at $1,347.
Title: Re: Rosen's Daily
Post by: rosentray on July 29, 2016, 08:42:45 AM
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.
Title: Re: Rosen's Daily
Post by: rosentray on July 29, 2016, 08:48:32 AM
Gold lost some of it's price in today's session after yesterday's high of $1,345. The precious metal is now trading at $1,333 and has a solid support at $1,325.
Title: Re: Rosen's Daily
Post by: rosentray on August 01, 2016, 06:51:11 AM
The EUR/USD is trading higher since Wednesday last week when the FED decided not to raise the interest rate. The pair went from 1.0961 to a high of 1.1197 in less than three days. today the pair is trading at 1.1175 as the trend is looking slightly exhausted.
Title: Re: Rosen's Daily
Post by: rosentray on August 01, 2016, 06:53:03 AM
AUD/USD is trading close to resistance at 0.7650. If bulls manage to drive prices to that level bears will try to bring it down to first support zone at 0.75. Currently price is 0.7611.
Title: Re: Rosen's Daily
Post by: rosentray on August 02, 2016, 07:52:28 AM
The EUR/USD is holding steady for it's highest gains since Wednesday last week. The pair reached a high of 1.1197 last week and is now trading at 1.1185. Bulls are not ready to give up as they are facing a strong resistance at current market price. If we get a break and a close above 1.12 then we might be in for a good bull rally.
Title: Re: Rosen's Daily
Post by: rosentray on August 02, 2016, 07:55:40 AM
USD/JPY is trading at minor support at 102.20. The pair reacted from touching resistance at 107.50 and started falling till it made a low of 101.97. Earlier this morning, the price was 102 and bulls reacted quickly to the opportunity boosting price to the upside and reaching 102.28. Major support is 101.65.
Title: Re: Rosen's Daily
Post by: rosentray on August 03, 2016, 08:34:17 AM
The EUR/USD is trading somewhat lower in today's session after yesterday's high of 1.1233. The pair is now 1.1211. No fundamentals are expected today. On Friday, however, the NFP and unemployment will be the most anticipated event of the month.
Title: Re: Rosen's Daily
Post by: rosentray on August 03, 2016, 08:36:14 AM
Gold is trading at resistance at current market price of $1,364. The precious metal needs to close above $1,375 in order for a bull run to be confirmed. On the other hand, if bears are able to keep the price below $1,365, a change in trend is probable.
Title: Re: Rosen's Daily
Post by: rosentray on August 04, 2016, 07:05:59 AM
The EUR/USD is lower today trading at 1.1140. Down some 100 pips from this weeks high of 1.1235. The pair would be heavily impacted by the long-awaited NFP and unemployment data scheduled for tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on August 04, 2016, 07:07:26 AM
Gold is trading to the downside today after yesterday's high of $1,367. The precious metal is now $1,352 with a low of $1,350. This might be the beginning of a short-term downtrend that could lead price to a possible target of $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on August 05, 2016, 08:18:00 AM
The EUR/USD appears to be consolidating ahead of the NFP and unemployment data scheduled for later today.
Title: Re: Rosen's Daily
Post by: rosentray on August 05, 2016, 08:19:50 AM
Gold recovered from the mid-week losses when it went from $1,367 to $1,349 and is now trading at $1,363-$1,364. High volatility is expected during the NFP and unemployment announcement.
Title: Re: Rosen's Daily
Post by: rosentray on August 08, 2016, 07:19:22 AM
The EUR/USD is trading on the downside after upbeat US data pushes price to a low of 1.1046. The pair has slightly recovered and is now trading at 1.1097. No major news are expected today.
Title: Re: Rosen's Daily
Post by: rosentray on August 08, 2016, 07:22:14 AM
USD/CAD is trading higher today as the Canadian dollar retreated to make room for the US dollar rally. Market participants boosted the pair's price with the latest upbeat US data showing +250K for a second time and an unchanged 4.9% unemployment. The pair reached a high of 1.3201 and is now trading at 1.3173.
Title: Re: Rosen's Daily
Post by: rosentray on August 09, 2016, 08:05:16 AM
The EUR/USD is trading slightly unchanged since yesterday's session gravitating towards the 1.1077level. With the latest NFP reports the pair lost some of its gains, but now when it rests on the 200SMA for a third consecutive day, things may change.
Title: Re: Rosen's Daily
Post by: rosentray on August 09, 2016, 08:12:05 AM
GBP/USD made a new low today for the week at 1.2966. The pair went downhill the moment the NFP and unemployment data was announced. Watch for key levels at 1.2860 and 1.28.
Title: Re: Rosen's Daily
Post by: rosentray on August 10, 2016, 08:36:35 AM
EUR/USD is up on technicals reaching a high of 1.1155 and currently trading at 1.1147. The pair has yet to attempt to reach first resistance at 1.12. On the other hand, first support is seen at last low.
Title: Re: Rosen's Daily
Post by: rosentray on August 10, 2016, 08:42:44 AM
Gold is also trading to the upside since its lowest point of $1,330. The precious metal reached a high of $1,355 and is now trading at $1,351. Gold is back into its upward trading channel so continuing its pace North is most likely.
Title: Re: Rosen's Daily
Post by: rosentray on August 10, 2016, 07:01:26 PM
EUR/USD went even higher today reaching 1.1190. The pair is now 1.1177 and no major news are expected today, suggesting that price may continue trading around 1.1160-1.1180.
Title: Re: Rosen's Daily
Post by: rosentray on August 10, 2016, 07:04:07 PM
EUR/GBP is close to visiting resistance at 0.8626. The pair is now 0.8590 and is about to form a Double top at the resistance level. Important news are scheduled today that may create volatility and push price in either direction.
Title: Re: Rosen's Daily
Post by: rosentray on August 11, 2016, 06:13:42 PM
EUR/USD recorded a day in the red today after making a high of 1.1192 and going down to a low of 1.1140. No major news for today so we might see a calm and well-behaved pair. First support zone 1.1080, first resistance zone 1.1200.
Title: Re: Rosen's Daily
Post by: rosentray on August 11, 2016, 06:22:21 PM
GBP/USD reached a low of 1.2940 in today's session and is now trading slightly higher at 1.2956. The pair lost the gains it accumulated for the past month and is back again below 1.30. Major bear target is 1.2800. First bull target is 1.3021.
Title: Re: Rosen's Daily
Post by: rosentray on August 15, 2016, 07:25:20 AM
EUR/USD is trading unchanged since the opening of the trading session today gravitating towards the 1.1160 level. In the end of last week the pair dropped from 1.1.1221 to a low of 1.1153. First support is current market price, major resistance is the 1.1235 level.
Title: Re: Rosen's Daily
Post by: rosentray on August 15, 2016, 07:27:01 AM
Gold ended last week in the red going from $1,335 to $1,356 and then back to $1,335. The precious metal is now somewhat higher trading at $1,340 and as it appears, bulls need to do to heavy uplifting as bears are trying to take over and Gold is losing momentum.
Title: Re: Rosen's Daily
Post by: rosentray on August 16, 2016, 08:09:37 AM
EUR/USD reached a high of 1.1248 and immediately retreated back below 1.1240 currently trading at 1.1238. Later today the Consumer price index is due which may cause mild volatility in the pair.
Title: Re: Rosen's Daily
Post by: rosentray on August 16, 2016, 08:12:14 AM
Silver is again above $20, but it appears that bulls will need more than that as they have to go beyond 20.40 which is seen as major resistance level. On the other hand, bears need a close below 19.60 in order for them to continue the downward movement of the metal.
Title: Re: Rosen's Daily
Post by: rosentray on August 17, 2016, 07:32:41 AM
The EUR/USD is lower after yesterday's gains. The pair reached a high of 1.1322 which appears to be the prior pivot point. Currently, the euro is trading at 1.1268 against the dollar. The FOMC Minutes are due later today that may cause volatility.
Title: Re: Rosen's Daily
Post by: rosentray on August 17, 2016, 07:35:59 AM
AUD/CAD met resistance at the face of 1.0131 and then succumbed to prior levels forced by the bearish pressure. The pair is trading in the red for a fifth consecutive day today and is appears that bears might attempt to go to major support zone at the 200SMA gravitating towards 0.98.
Title: Re: Rosen's Daily
Post by: rosentray on August 18, 2016, 08:25:11 AM
EUR/USD is trading higher in today's session after mixed signals given by the FOMC Minutes yesterday. The FED statement was interpreted as insecure and investors turned away from the US dollar. Currently EUR/USD is trading at 1.1317 as the pair is outside the downward trading channel.
Title: Re: Rosen's Daily
Post by: rosentray on August 18, 2016, 08:28:12 AM
Gold is range bound in the price range of #1,330 and $1,357. The precious metal needs to break either of those level in order for a continuation of a trend to be confirmed. Currently, Gold is on the upper side of the frame trading at $1,351-$1,352.
Title: Re: Rosen's Daily
Post by: rosentray on August 19, 2016, 07:25:06 AM
EUR/USD climbed to a high of 1.1366 in yesterday's session going back to the ascending trading channel on the long-term. Current market price: 1.1339.
Title: Re: Rosen's Daily
Post by: rosentray on August 19, 2016, 07:27:26 AM
Gold is back below $1,350 in today's early trading hours. The precious metal reacted bullishly to the rise in EUR/USD and reached a high of $1,356. Currently, Gold is at $1,347.
Title: Re: Rosen's Daily
Post by: rosentray on August 22, 2016, 03:19:40 PM
The EUR/USD is trading slightly higher in today's session. The pair reached a high of 1.1314 and is now 1.1308.
Title: Re: Rosen's Daily
Post by: rosentray on August 22, 2016, 03:56:00 PM
Gold reached support at $1,331 and climbed back up to current market price of $1,337. The precious metal visited the $1,330 zone for a third time this month and was again unable to break below it. Range trading between #1,330 and $1,360 until one of the parties decides it's time to take over.
Title: Re: Rosen's Daily
Post by: rosentray on August 23, 2016, 04:54:05 PM
EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.
Title: Re: Rosen's Daily
Post by: rosentray on August 23, 2016, 04:56:26 PM
Silver is currently trading at 18.90 after making a high of 19.11 in today's session. The metal has a lot to give still as it made a high of 21.13 and then started a correction with a bottom of 18.70.
Title: Re: Rosen's Daily
Post by: lonewolf on August 23, 2016, 05:05:58 PM
Quote from: rosentray link=msg=357279 date=1471967786

Silver is currently trading at 18.90 after making a high of 19.11 in today's session. The metal has a lot to give still as it made a high of 21.13 and then started a correction with a bottom of 18.70.


Would be nice if it makes new multiyear lows, always been interested in accumulating the physical silver.

Thanks for the continuous analysis.
Title: Re: Rosen's Daily
Post by: rosentray on August 24, 2016, 09:21:14 AM
EUR/USD had a down day yesterday that transferred the momentum into today's session. The pair made a low of 1.1287 and has since slightly recovered to currently trade at 1.1301. First bull target is 1.1350.
Title: Re: Rosen's Daily
Post by: rosentray on August 24, 2016, 09:26:55 AM
GBP/JPY is going steady on its way up after making a bottom at 129.24. The pair is now trading at 132.38. First resistance is seen at 132.55. First support is seen at 130.00.
Title: Re: Rosen's Daily
Post by: rosentray on August 25, 2016, 07:32:22 AM
The EUR/USD is trading close to unchanged since yesterday's session. Price is now 1.1272 which is slightly above first support at 1.1260 suggesting that a move to the upside is probable.
Title: Re: Rosen's Daily
Post by: rosentray on August 25, 2016, 07:35:11 AM
GBP/JPY is trading slightly down in today's session. The pair went above 133 yesterday and is currently trading at 132.70. If this is the revival of the Sterling then we shall see more of the upside move until the end of the week.
Title: Re: Rosen's Daily
Post by: rosentray on August 26, 2016, 07:41:36 AM
EUR/USD is trading steadily slightly above 1.13 in today's early european hours. The pair is anticipating the US data scheduled for later today: US GDP and Fed Chair Janet Yellen's speech.
Title: Re: Rosen's Daily
Post by: rosentray on August 26, 2016, 07:46:12 AM
Silver has been trading to the downside for the past couple of week. The metal went from a multi year high of 20.80 to a low of 18.50 and is currently trading at 18.65. Commodity traders are expecting the news later today which release might cause volatility.
Title: Re: Rosen's Daily
Post by: rosentray on August 29, 2016, 08:09:03 AM
The EUR/USD suffered some pull back on Friday but the pair has mildly recovered in today's early opening hours. 1.1175 was the lowest for today and price reached a high of 1.1207. We're at a support so bulls might try to push price higher.
Title: Re: Rosen's Daily
Post by: rosentray on August 29, 2016, 08:10:56 AM
USD/JPY is having a bull run starting from 99.54 up until now when price is 102.34. The pair might try to reach first resistance at 103.50 and then 105.40.
Title: Re: Rosen's Daily
Post by: rosentray on August 30, 2016, 08:35:41 AM
EUR/USD is trading slightly up in today's session after it lost some 200 pips on Friday going from 1.1360 to 1.1155. Price is now 1.1173 and may consolidate until Friday's NFP data.
Title: Re: Rosen's Daily
Post by: rosentray on August 30, 2016, 08:37:53 AM
Gold is trading in the range between $1,315 and $1,325. The precious metal has been consolidating since last week when price dropped from $1,350 to $1,318. Gold bugs are anticipating the US data on Friday, so price consolidation is expected to continue until then.
Title: Re: Rosen's Daily
Post by: rosentray on August 31, 2016, 08:19:47 AM
EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.
Title: Re: Rosen's Daily
Post by: rosentray on August 31, 2016, 08:21:37 AM
USD/JPY is in a bull run for the past couple of weeks going from 99.54 to a high of 103.30. The pair is now 103.18 and it appears that the strong bullish momentum will have to break resistance at 103.40 if bulls want to continue North.
Title: Re: Rosen's Daily
Post by: rosentray on September 01, 2016, 11:49:04 AM
EUR/USD is pressured by the USD bulls. At the same time, EUR bulls are trying to hold it above key support at 1.1120. The pair is now 1.11485 and might start to consolidate ahead of key report tomorrow. The NFP and jobs report will create volatility and probably give direction to where the pair might go.
Title: Re: Rosen's Daily
Post by: rosentray on September 01, 2016, 11:51:28 AM
NZD/CAD reached resistance for a sixth time today. The pair has been in an uptrend since April this year and as it looks we might get a break above 0.96 which would be an early indicator of the continuation of the bull run.
Title: Re: Rosen's Daily
Post by: rosentray on September 02, 2016, 07:25:27 AM
The EUR/USD is trading higher since yesterday evening, The pair reached a bit above 1.12 and is now 1.1196. The pair is consolidating before the key report scheduled for later today.
Title: Re: Rosen's Daily
Post by: rosentray on September 02, 2016, 07:26:40 AM
USD/CAD is currently trading at support best seen on the H4 chart. The pair is not just a few points below 1.31 and it appears to be range bound ahead of the NFP and jobs report scheduled for later today.
Title: Re: Rosen's Daily
Post by: rosentray on September 05, 2016, 07:28:48 AM
EUR/USD is trading a bit higher in today's early hours. The pair reached a low of 1.1152 and is currently trading at its highest at 1.1180. We don't have any major news for today so mild volatility might be expected.
Title: Re: Rosen's Daily
Post by: rosentray on September 05, 2016, 07:31:38 AM
USD/CAD was one of the biggest losers on Friday when the NFP and jobs rate were released. The pair went from 1.3114 to below 1.30 and is now trading at 1.2957 with a low of 1.2952. Important news are scheduled for the Canadian dollar this week.
Title: Re: Rosen's Daily
Post by: rosentray on September 06, 2016, 07:42:09 AM
The EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.1150 level in anticipation of the Non-Manufacturing Composite released later today.
Title: Re: Rosen's Daily
Post by: rosentray on September 06, 2016, 07:54:49 AM
USD/CAD is trading lower today after a good steady climb from 1.2763 to 1.3147 in just a few days. The pair is back below 1.29 and is currently trading at 1.2895.
Title: Re: Rosen's Daily
Post by: rosentray on September 07, 2016, 07:32:20 AM
The EUR/USD is trading to the upside since yesterday's ISM data at 51, lower than the 55.5 expected. Bears took over and the pair rallied from 1.1143 to a high of 1.1265. The pair is now 1.1253 and appears that it has reached minor resistance at the last high.
Title: Re: Rosen's Daily
Post by: rosentray on September 07, 2016, 07:33:53 AM
USD/JPY bullish rally is over thanks to the weak US data released yesterday. The pair made a high of 104.32 from a low of 99.54 and is currently trading at 101.35, dropping some 300 points since yesterday. The pair might attempt to reach support at 100.35.
Title: Re: Rosen's Daily
Post by: rosentray on September 08, 2016, 10:34:23 AM
The EUR/USD continues it's upward move started on Tuesday this week. The pair reached a new high at 1.1279 and is currently 1.1274. Important EU data is scheduled for later today.
Title: Re: Rosen's Daily
Post by: rosentray on September 08, 2016, 10:42:45 AM
GBP/JPY appears to be forming a Head and shoulders pattern but in order for the pattern to be confirmed we need to break first support zone at 135.50. Price is now 135.71 and has found some strength to move up. Below current market price next support is seen at 132.89.
Title: Re: Rosen's Daily
Post by: rosentray on September 09, 2016, 01:52:20 PM
The EUR/USD is trading relatively unchanged in today's session. The pair is down to 1.1244 from above 1.13 earlier this morning. Markets participants are expecting fresh news in order for them to pick a direction. Until then, consolidation might be expected.
Title: Re: Rosen's Daily
Post by: rosentray on September 09, 2016, 01:53:56 PM
USD/JPY is trading higher today after the pair witnessed a downfall earlier this week. The pair is back at 103, currently trading at 102.87. No major news are expected today so price may consolidate at current level.
Title: Re: Rosen's Daily
Post by: rosentray on September 12, 2016, 08:04:56 AM
The EUR/USD lost some of its gains on Friday when expectations rose that a rate hike is probable in September. The pair made a low of 1.1198 in the afternoon hours of the European session and recovered slightly to a closing weekly price of 1.1231. Current market price 1.1252.
Title: Re: Rosen's Daily
Post by: rosentray on September 12, 2016, 08:10:44 AM
Gold posts new losses. The precious metal depreciated from $1,350 to a low of $1,324 in the early trading hours today. Gold was impacted by the rate hike expectations this month causing market participants to go into currencies rather than commodities. First support is last low, while first resistance is $1,340.
Title: Re: Rosen's Daily
Post by: rosentray on September 13, 2016, 06:26:23 AM
EUR/USD continues to trade in the range between 1.13 and 1.1120. The pair is currently trading at 1.1235. No news will be moving the market today so we might be in for a technical Tuesday.
Title: Re: Rosen's Daily
Post by: rosentray on September 13, 2016, 06:28:35 AM
USD/CAD reached resistance yesterday in the face of 1.3123. The pair is now slightly lower trading at 1.3047. It's been trading in a very choppy environment for the past few weeks so the best decision today could be to stay out of this market.
Title: Re: Rosen's Daily
Post by: rosentray on September 14, 2016, 07:53:56 AM
EUR/USD has been consolidating in the past few days with price caught in between 1.1280 and 1.1180. The pair is yet to pick a direction if either ways give in to the pressure caused by market participants.
Title: Re: Rosen's Daily
Post by: rosentray on September 14, 2016, 07:56:15 AM
USD/JPY is close to a possible break out. If it manages to push above 103.50 which is seen as immediate resistance, the pair might attempt to reach the last high at 104.30. In a day with no news, technical bulls might be in for the rally.
Title: Re: Rosen's Daily
Post by: rosentray on September 15, 2016, 08:58:19 AM
EUR/USD continues its sideways movement in the early European trading hours today. The pair is currently at 1.1227 and appears to be consolidating before key reports tomorrow. CPI will have an impact on the pair and if it's good we might see strengthening of expectations for a rate hike this month.
Title: Re: Rosen's Daily
Post by: rosentray on September 15, 2016, 09:02:21 AM
Silver is trading unsteadily gravitating towards 18.80. The metal has been really difficult to predict these last days with price aggressively fluctuating between 18.70 and 19.30. The best strategy now would be to wait for the US news tomorrow and then possibly make a move.
Title: Re: Rosen's Daily
Post by: rosentray on September 16, 2016, 09:34:12 AM
EUR/USD is trading in the range between 1.1240 and 1.1230 in anticipation of the CPI data scheduled for later tomorrow. The data would most likely give a hint whether the FED will be raising the rate this month.
Title: Re: Rosen's Daily
Post by: rosentray on September 16, 2016, 09:38:17 AM
Important news to watch for today:
USD Consumer Price Index (YoY) (AUG)   Expected 1.0%   Previous 0.8%         
USD Consumer Price Index Ex Food & Energy (YoY) (AUG)   Expected 2.2%   Previous 2.2%         
USD U. of Michigan Confidence (SEP P)   Expected 90.6   Previous 89.8
Title: Re: Rosen's Daily
Post by: rosentray on September 19, 2016, 07:47:05 AM
Gold is trading to the upside in today's session after it met support on Friday in the face of $1,306. The precious metal reacted positively to the level and bulls managed to bounce off the bottom. Price is now $1,316.
Title: Re: Rosen's Daily
Post by: rosentray on September 19, 2016, 07:51:04 AM
EUR/USD is trying to recover from the fall that occurred on Friday. The pair went from 1.1248 to a low of 1.1149 in one day. Today, EUR/USD is trading slightly up gravitating towards 1.1164. Have in mind that on Wednesday the FED is going to announce whether they are raising rates this month.
Title: Re: Rosen's Daily
Post by: rosentray on September 20, 2016, 03:03:46 PM
The EUR/USD is trading steadily in today's session as market participants anticipate the big decision on Wednesday. Low volatility can be expected in the couple of days before the FED decides whether they are raising the interest rate this month. CMP 1.1180.
Title: Re: Rosen's Daily
Post by: rosentray on September 20, 2016, 03:04:27 PM
GBP/NZD broke the support level and is now trading at an all time low at 1.7642. The pair is now very vulnerable to bearish attacks so if you want to open any longs, make sure you use either light volume or tight stops.
Title: Re: Rosen's Daily
Post by: rosentray on September 21, 2016, 07:31:13 AM
EUR/USD is trading to the downside on rumors that the FED is setting the stage for December rate hike. The pair is now 1.1133 and market participants are anticipating the FOMC meeting scheduled for 2PM Eastern today.
Title: Re: Rosen's Daily
Post by: rosentray on September 21, 2016, 07:32:01 AM
Japanese Yen falls as Bank of Japan introduces an updated QQE stimulus effort with new parameters aimed at controlling the yield curve. USD/JPY is now trading at 102.58, which is not that much of a significant change. Market participants are anticipating the FOMC meeting at 2PM Eastern.
Title: Re: Rosen's Daily
Post by: rosentray on September 22, 2016, 08:13:38 AM
EUR/USD is slightly up since yesterday's FOMC meeting when it became clear that the Fed is not raising rates this month. Market participants were not surprised by the decision so the market environment did not change much. CMP: 1.1234.
Title: Re: Rosen's Daily
Post by: rosentray on September 22, 2016, 08:29:21 AM
Gold is trading higher today after the Fed decided to leave rates unchanged. The precious metal reached a high of $1,337 and is currently trading at $1,334. First resistance is seen at $1,346.
Title: Re: Rosen's Daily
Post by: rosentray on September 23, 2016, 11:25:20 AM
EUR/USD is trading met resistance in the face of 1.1250 and then pulled back to lower levels. The pair is now 1.1212 and bulls need to try once more if they want to get to next target at 1.1310. On the other hand, bears need to stay in the descending channel if they want to continue being in the driver's seat.
Title: Re: Rosen's Daily
Post by: rosentray on September 23, 2016, 11:28:30 AM
Gold continues to trade to the upside since the FED decision to leave rates unchanged. The precious metal is now $1,338 and it appears it will keep pushing higher.
Title: Re: Rosen's Daily
Post by: rosentray on September 26, 2016, 06:47:44 AM
GBP/USD is already trading lower since opening. The pair opened at 1.2986 and made a low of 1.2969. GBP/USD is not 1.2973 and is close to revisiting support at 1.2940.
Title: Re: Rosen's Daily
Post by: rosentray on September 26, 2016, 06:51:50 AM
EUR/USD is trading slightly lower today opening at 1.1241 and currently trading at 1.1229. The pair might attempt to visit the resistance level at 1.13 and if that happens bears will probably make a move to depreciate price to lower levels. If not, bulls need to go above 1.1340 to confirm a breakout from the descending trend channel.
Title: Re: Rosen's Daily
Post by: rosentray on September 27, 2016, 07:29:30 AM
EUR/USD is trading lower after the Presidential debate hosted yesterday. The pair went from 1.1280 to a low of 1.1239 on talks about rising incomes, bringing back jobs and economy growth. Current market price 1.1244.
Title: Re: Rosen's Daily
Post by: rosentray on September 27, 2016, 07:37:28 AM
Gold is consolidating around $1,335. The precious metal has been trading in the range between $1,332 and $1,340 for the past couple of weeks. It seems that a breakout in either directions would drive market participants to bet heavily toward the direction of the trend.
Title: Re: Rosen's Daily
Post by: rosentray on September 28, 2016, 12:35:25 PM
EUR/USD is trading in the red so far today with price making a low of 1.1182 only to quickly recover and go back above 1.12. Price is now 1.1210 and bulls need to go above 1.1280 in order for them to accumulate momentum and push higher.
Title: Re: Rosen's Daily
Post by: rosentray on September 28, 2016, 12:37:15 PM
Gold tumbled down today to a low of $1,322 and is now trading slightly higher at $1,325. The precious metal was trading at a high of $1,342 on Monday and has been depreciating since then. First support is seen at $1,316, while first resistance is $1,340.
Title: Re: Rosen's Daily
Post by: rosentray on September 29, 2016, 08:31:10 AM
USD/JPY is trading higher due to lower than expected Japan data. The pair went from a low of 100.10 to a high of 101.75. Main trend continues to remain bearish. Have in mind the JPY National Consumer Price Index scheduled for tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on September 29, 2016, 08:32:54 AM
EUR/USD is trading in the range of 1.1250 and 1.1200. The pair is caught in consolidation due to mixed signals from both parties. In less than 30 mins we have important EU data that may create volatility in the pair.
Title: Re: Rosen's Daily
Post by: rosentray on September 30, 2016, 06:47:07 AM
EUR/USD continues to gravitate towards the 1.1220 level. The pair made a high of 1.1285 in the beginning of the week and since then it has been caught in the range of 1.1250 and 1.1200.
Title: Re: Rosen's Daily
Post by: rosentray on September 30, 2016, 06:49:30 AM
Gold has been trading in a tightening range since it made a high of $1,374. The precious metal has been bearish since then forming a zigzag movement going to highs and lows creating a decent bearish channel. Current market price $1,323.
Title: Re: Rosen's Daily
Post by: rosentray on October 03, 2016, 12:10:23 PM
EUR/USD is trading in consolidation today as the pair seems to gravitate towards the 1.1230 level. Light volumes usually indicate that a move is either over or just accumulating new force to keep pushing in the same direction. First bull target 1.1280.
Title: Re: Rosen's Daily
Post by: rosentray on October 03, 2016, 12:12:38 PM
GBP/USD made a new low today at 1.2845. The pair is now trading at 1.2876 and seems close to reaching the 30-year low at 1.2795.
Title: Re: Rosen's Daily
Post by: rosentray on October 04, 2016, 07:01:43 AM
EUR/USD is trading lower today after yesterday's loss. The pair continues its move down making a low of 1.1190. It appears that bears are regaining control over the pair. First bear target can be expected at 1.1152. First resistance can be expected at 1.1242.
Title: Re: Rosen's Daily
Post by: rosentray on October 04, 2016, 07:17:23 AM
Gold has traded down since last week when its price was near to $1,345. The precious metal continues to depreciate and it seems that Gold is losing momentum and fast. Gold has passed the support line on the long-term at $1,313. Current market price: $1,311.
Title: Re: Rosen's Daily
Post by: rosentray on October 05, 2016, 08:47:48 AM
Calm day so far for the EUR/USD. The pair has been trading in a range of 1.1220-1.1200 as there isn't anything strong enough to motivate either of the camps. We have been gliding on the resistance level for a several days now and this might be an indicator that a move down is probable.
Title: Re: Rosen's Daily
Post by: rosentray on October 05, 2016, 08:49:25 AM
Gold witnessed a massive sell off yesterday going from $1,312 to $1,267. The precious metal is now very vulnerable to bearish attacks and if we break the $1,255 level today this would invalidate a potential bullish move this week.
Title: Re: Rosen's Daily
Post by: rosentray on October 06, 2016, 08:33:29 AM
EUR/USD is trading lower in today's session as market participants are already anticipating the latest NFP and jobs data scheduled for tomorrow 8:30AM Eastern. Current market price 1.1188.
Title: Re: Rosen's Daily
Post by: rosentray on October 06, 2016, 08:35:39 AM
AUD/CHF is in its third day of losses going from a high of 0.7522 to a low of 0.7395. The pair is now slightly higher but the momentum might continue driving the price down to a support of 0.73.
Title: Re: Rosen's Daily
Post by: rosentray on October 07, 2016, 07:05:27 AM
EUR/USD is trading lower today after it was gravitating towards 1.12 yesterday. The pair is now around 1.11, currently 1.1122, which is not surprising considering yesterday's positive US data and today's anticipated NFP and jobs data.
Title: Re: Rosen's Daily
Post by: rosentray on October 07, 2016, 07:09:59 AM
GBP/USD slumps 6% in 2 minutes overnight. The selling came as a surprise for bulls and the reason behind the sell off remains unclear. Some say it's due to an algo seeking out stops, others say it's a fat-finger error. While no one can give you an answer, best strategy now would be to stay out until events take a calmer course.
Title: Re: Rosen's Daily
Post by: rosentray on October 10, 2016, 04:33:40 PM
EUR/USD lost some of its value in today's session due to a strengthening of a rate hike expectations. The pair is now 1.1152, down from 1.1203.
Title: Re: Rosen's Daily
Post by: rosentray on October 10, 2016, 04:35:23 PM
USD/CAD is down significantly after Friday's gain to a high of 1.3313. The pair reacted bearishly to Friday's high and is now trading at 1.3141. Further continuation of the downward move can be expected to a first support at 1.3120.
Title: Re: Rosen's Daily
Post by: rosentray on October 11, 2016, 07:06:48 AM
EUR/USD looks a bit beaten in today's session. The pair is now slightly lower than yesterday's level and is trading at 1.1120. In less than three hours the EU news might bring some volatility in the market.
Title: Re: Rosen's Daily
Post by: rosentray on October 11, 2016, 07:09:02 AM
Gold is trading below $1,260 for more than a day now. Market participants are waiting for some fresh news to stir the market. These could come on Friday when we have important US data and a statement by Janet Yellen. Current market price of the precious metal $1,258.
Title: Re: Rosen's Daily
Post by: rosentray on October 12, 2016, 11:09:42 AM
EUR/USD is trading sharply lower this week. Today the pair reached a low of 1.1015. This comes after a few days of depreciation and it looks like it will not stop here. Important news on Friday might create more volatility.
Title: Re: Rosen's Daily
Post by: rosentray on October 12, 2016, 11:11:32 AM
GBP/USD had yet another crisis, this time more timid and mild. The pair went from 1.12330 to a low of 1.2088 in yesterday's late European hours. This appears to be the after effect of the surprise flash crisis that occurred on Friday night.
Title: Re: Rosen's Daily
Post by: rosentray on October 13, 2016, 06:44:36 AM
EUR/USD is having another day of losses. The pair is now 1.1014 and it appears that there isn't anything to stop it from depreciating further. Important US news tomorrow. First support is the psychological level of 1.10.
Title: Re: Rosen's Daily
Post by: rosentray on October 13, 2016, 06:45:58 AM
USD/CAD has been very difficult to trade in the past few weeks. The choppy environment is a true test for your risk management. Being able to handle all the uncertainty and not lose any money is a good sign that in calm and steady times your strategy will work wonders.
Title: Re: Rosen's Daily
Post by: rosentray on October 14, 2016, 04:46:06 PM
EUR/USD was lightly impacted by the positive US data earlier today and broke the psychological 1.10 level. Current market price: 1.0996. Main trend remains bearish.
Title: Re: Rosen's Daily
Post by: rosentray on October 14, 2016, 04:48:07 PM
Gold continues to trade sideways gravitating towards $1,250. Price is now $1,253 as Gold bugs wait for fresh news to stir the market. Silver is also range bound around $17.40.
Title: Re: Rosen's Daily
Post by: rosentray on October 17, 2016, 08:47:03 AM
EUR/USD is trading slightly higher in today's early European hours. The pair made a high of 1.1280 a couple of weeks ago and has been downgrading since then. Current market price 1.0979.
Title: Re: Rosen's Daily
Post by: rosentray on October 17, 2016, 08:49:17 AM
Gold is trading in consolidation between $1,260 and $1,250. The precious metal has been in a downmarket since the end of September. Major support zone is seen at $1,200-$1,210.
Title: Re: Rosen's Daily
Post by: rosentray on October 18, 2016, 08:52:02 AM
EUR/USD is higher in today's early European hours. The pair is now trading at 1.1007 and already made a high of 1.1026. If we do not get above 1.1020 today there is a big chance to see further depreciation of the pair.
Title: Re: Rosen's Daily
Post by: rosentray on October 18, 2016, 08:58:14 AM
Gold is trading higher today making a high of $1,262. The precious metal is dangerously below the 200SMA indicating that there could be a drop. Major support is $1,200-$1,210. Resistance is $1,280.
Title: Re: Rosen's Daily
Post by: rosentray on October 19, 2016, 09:38:52 AM
EUR/USD is trading relatively unchanged since yesterday's calm levels around 1.10. The pair is now slightly below at 1.0995 and it seems to be consolidating ahead of market news and reports that will create volatility. Main trend remains bearish, expectations are in favor of the US dollar.
Title: Re: Rosen's Daily
Post by: rosentray on October 19, 2016, 09:41:06 AM
USD/JPY has come to a consolidation at key level around 104. The pair faced resistance at 104.63 and then retreated to lower levels. USD/JPY is currently trading at 103.51. It appears that bulls may attempt to reach the 200SMA at 107, which may happen before year end.
Title: Re: Rosen's Daily
Post by: rosentray on October 20, 2016, 02:00:02 PM
EUR/USD is trading somewhat higher today after three days of consolidating around 1.0960. Price is now 1.0988. Bearish momentum continues to be present.
Title: Re: Rosen's Daily
Post by: rosentray on October 20, 2016, 02:02:19 PM
Gold is trading at  yesterday's levels with price fluctuating around $1,270. The precious metal is having a difficult time struggling to stay above the 200SMA. These days will be crucial for Gold's direction.
Title: Re: Rosen's Daily
Post by: rosentray on October 21, 2016, 08:41:52 AM
EUR/USD broke the psychological level of 1.09 and is now trading at 1.0892. The pair has been feeling the effect of the bearish momentum as it's already beyond the support level for the short-term. Next bear target is 1.0820.
Title: Re: Rosen's Daily
Post by: rosentray on October 21, 2016, 08:43:39 AM
USD/CAD continues to trade sideways ever since it hit bottom at 1.24 in early May. The pair is now 1.3245 with a high of 1.3250 and it appears that market participants are bullish on the anticipated news later today - CAD CPI and Retail Sales.
Title: Re: Rosen's Daily
Post by: rosentray on October 24, 2016, 10:15:34 AM
USD/CAD is trading at resistance at current market price of 1.3335. The pair made a high earlier today of 1.3358 and immediately retreated below 1.3340. No news are scheduled for today, however, tomorrow US Consumer Confidence might be another boost in the pair's price.
Title: Re: Rosen's Daily
Post by: rosentray on October 24, 2016, 10:18:49 AM
EUR/USD seems to have found a steady foundation at its last low of 1.0859. The pair is now slightly higher at 1.0891 and appears to be trading with low volumes. First support zone is expected at 1.0810, first resistance is expected at 1.0970.
Title: Re: Rosen's Daily
Post by: rosentray on October 25, 2016, 06:49:46 AM
EUR/USD seems to be trading in consolidation for a second day after yesterday's low volume trading around 1.0880. The pair is now 1.0883 and as it seems, again low volume is shaping the trading day so far. First support is seen at 1.0820.
Title: Re: Rosen's Daily
Post by: rosentray on October 25, 2016, 06:51:50 AM
USD/JPY is now at the high end of the range it's been in for the last three weeks. The pair is now 104.40 and it seems that bulls are trying to break out and get a close above 104.70. Should this happen, market sentiment will be predominantly bullish. On the other hand, first support is seen at 103.50, major bear target 102.
Title: Re: Rosen's Daily
Post by: rosentray on October 26, 2016, 05:51:45 AM
EUR/USD has been trading in consolidation for the past few days gravitating towards 1.0880. Lite volumes indicate that the trend is exhausted, which means that either the pair is taking a breather before nose diving or that bulls are preparing at attack. Current market price 1.0887.
Title: Re: Rosen's Daily
Post by: rosentray on October 26, 2016, 05:53:30 AM
AUD/CAD is rallying after the AUD Consumer Price Index came out earlier today higher than expected at 1.3% vs forecast of 1.1%. The pair went from 1.0196 to a high of 1.0286 and is now trading at 1.0256. First resistance now is seen at 1.0350.
Title: Re: Rosen's Daily
Post by: rosentray on October 27, 2016, 07:00:18 AM
EUR/USD is gravitating towards 1.0900-1.0910. The pair is trading in light volumes as market participants are anticipating today US data, Durable Goods Orders, scheduled for 8:30 Eastern.
Title: Re: Rosen's Daily
Post by: rosentray on October 27, 2016, 07:02:26 AM
USD/CAD is trading towards the 1.34 level which appears to be the upper trend line acting as resistance. USD bulls will need positive US data if they want to continue the uptrend, otherwise, a negative US data would give bears the needed boost to turn the trend in the opposite direction.
Title: Re: Rosen's Daily
Post by: rosentray on October 28, 2016, 06:15:50 AM
The consolidation in EUR/USD continues to be present in the currency's early European trading today. The pair is now 1.0904 after yesterday's bullish attempt to climb higher failed due to not enough strength in yesterday's US data.
Durable Goods Orders turned out to be non-event and market participants witnessed only a slight reaction to the upside at 1.0942. After the initial boost, the pair lost momentum and fell to pre-event levels. Today is the fifth consecutive day of lite volume trading for the pair, as it has been holding to levels around 1.09 since the beginning of the week.
However, we have one more chance to see volatility today with the latest high impact US GDP data. Expectations are that the US GDP for Q3 will be 2.4%, prior to 1.4%.
If the data is positive, then we can expect a sharp drop in the pair that could lead us to levels around 1.0820. On the other hand, a disappointing report would help bulls to gain control and push prices higher.
Title: Re: Rosen's Daily
Post by: rosentray on October 28, 2016, 06:17:18 AM
Gold is trading relatively unchanged in today's early European hours. The precious metal is now $1,271 and it seems to have consolidated in anticipation of the release of the GDP report later today. Market sentiment is predominantly bearish.
Title: Re: Rosen's Daily
Post by: rosentray on October 31, 2016, 07:36:13 AM
EUR/USD has been receiving mixed signals from both parties since Friday. The pair tried to go above 1.10 but was unsuccessful in sustaining the momentum and bears brought the pair down to current market price of 1.0958.
Title: Re: Rosen's Daily
Post by: rosentray on October 31, 2016, 07:37:43 AM
GBP/CHF has been trading at support since the flash crash in the Sterling took place. The pair has been gravitating towards 1.20 level. If we get a break above 1.22 or below 1.18 this would indicate the future direction of the trend.
Title: Re: Rosen's Daily
Post by: rosentray on November 01, 2016, 05:54:44 AM
EUR/USD is trading relatively unchanged from yesterday's levels gravitating towards 1.0970. Important news are scheduled for today that may impact the pair. First resistance is seen at 1.10, while first support is seen at 1.0940.
Title: Re: Rosen's Daily
Post by: rosentray on November 01, 2016, 05:56:43 AM
Gold is trading higher in today's early hours making a high of $1,280. The precious metal has been in an uptrend for more than two weeks now and it appears that Gold bugs are ready to take it higher. First resistance is the $1,300 level.
Title: Re: Rosen's Daily
Post by: rosentray on November 02, 2016, 09:11:25 AM
EUR/USD made a high of 1.1099 in the midst of market uncertainty. The US dollar appears to be losing strength over its competitors as December raise is becoming unlikely. Current market price: 1.1081.
Title: Re: Rosen's Daily
Post by: rosentray on November 02, 2016, 09:15:49 AM
Gold is shining again as market uncertainty boosted prices to a high of $1,297. The precious metal has been consolidating for a month now and gained about $60 in a relatively short amount period of time. First resistance is $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on November 03, 2016, 10:10:31 AM
EUR/USD is trading lower today. It appears that the US dollar is losing ground, at least until tomorrow's NFP and Jobs report data. Current market price 1.1088 down from 1.1125.
Title: Re: Rosen's Daily
Post by: rosentray on November 03, 2016, 10:12:31 AM
Gold lost some of yesterday's gains as the precious metal is now trading at $1,293, down from $1,307. It seems that Gold is backing up ahead of the US data scheduled for tomorrow. First support is seen at $1,275.
Title: Re: Rosen's Daily
Post by: rosentray on November 04, 2016, 07:28:27 AM
EUR/USD is trading relatively unchanged today compared to yesterday's price. The pair has been caught in the range around 1.11. Market participants are anticipating the most important data of the month later today, namely the NFP's and Jobs report data.
Title: Re: Rosen's Daily
Post by: rosentray on November 04, 2016, 07:50:25 AM
AUD/CAD is trading to the upside since mid September. The pair has been enjoying the bullish run backed by strong AU economy but it appears that looking at the short-term picture, the pair is overbought which might indicate a sell of with first support zone at 1.0230.
Title: Re: Rosen's Daily
Post by: rosentray on November 07, 2016, 04:24:40 PM
EUR/USD is trading lower today ahead of the US Presidential Election. Gold and Silver lost some of their price as traders and investors are backing the Greenback. Current market price: 1.1041 EUR/USD.
Title: Re: Rosen's Daily
Post by: rosentray on November 07, 2016, 04:26:28 PM
AUD/USD is trading at resistance. The pair made a high of 0.7708 and has depreciated since. Now price is 0.7691 and it appears that it would consolidate until the Election takes place tomorrow.
Title: Re: Rosen's Daily
Post by: rosentray on November 08, 2016, 11:07:48 AM
EUR/USD is faced with a tough choice today as we just entered the US elections! The polls are now open and we will have a new President in less than 10 hours!
Title: Re: Rosen's Daily
Post by: rosentray on November 08, 2016, 11:09:04 AM
Gold is trading lower this week ahead of the US election. The precious metal is now gravitating towards the $1,280 level as market participants are anticipating the results later today.
Title: Re: Rosen's Daily
Post by: rosentray on November 09, 2016, 08:24:16 AM
EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.
Title: Re: Rosen's Daily
Post by: rosentray on November 09, 2016, 08:26:19 AM
Gold went as high as $1,337 during the Election day and is now close to where it was pre-results time at around $1,300. It appears that markets are not surprised by the outcome of the US Election. Donald Trump is President-elect of the United States.
Title: Re: Rosen's Daily
Post by: rosentray on November 10, 2016, 06:23:28 PM
EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.
Title: Re: Rosen's Daily
Post by: rosentray on November 10, 2016, 06:31:04 PM
Gold depreciated a lot today after yesterday's election boosted prices up to $1,337. Today gold is trading at $1,266. The precious metal does not have anything to support it as traders and investors are drawn to the Greenback.
Title: Re: Rosen's Daily
Post by: rosentray on November 11, 2016, 12:52:52 PM
EUR/USD is keeping a steady pace today in anticipation of the Michigan Conference later today. Price is now 1.0885 and it appears that the USD is getting momentum.
Title: Re: Rosen's Daily
Post by: rosentray on November 11, 2016, 12:58:39 PM
Gold kept depreciating today as investors keep fleeing to the US currency. The precious metal is now $1,257. Gold is now very weak and would need strong bullish news to get it back on track.
Title: Re: Rosen's Daily
Post by: rosentray on November 14, 2016, 10:26:47 AM
EUR/USD is trading lower today after a major blow to the pair last week. The US bulls are confident in Trump's policy regarding economic growth and they are having a rally in the equity and currency market. CMP 1.0757.
Title: Re: Rosen's Daily
Post by: rosentray on November 14, 2016, 10:28:33 AM
Gold is at multi-month low at $1,212. Current market price is $1,224 and major volatility continues to be the main element in current market environment as market participants are overwhelmed by current US situation.
Title: Re: Rosen's Daily
Post by: rosentray on November 15, 2016, 07:14:16 AM
EUR/USD is showing some strength after yesterday's low of 1.0709. The pair is now 1.0772 as market participants are expecting the latest Advance Retail Sales later today.
Title: Re: Rosen's Daily
Post by: rosentray on November 15, 2016, 07:16:16 AM
Gold is trading higher today at current price og $1,226. Gold bulls were able to sustain the bearish rally that started with Trump's victory. Gold prices are now witnessing some support that is also felt across the Silver market where Silver is trading at 17.02.
Title: Re: Rosen's Daily
Post by: rosentray on November 16, 2016, 12:26:46 PM
EUR/USD is trading at it's lowest since December 2015. The pair made a low of 1.0687 and is now gravitating towards that same low. Support is seen at 1.06. No news are expected today.
Title: Re: Rosen's Daily
Post by: rosentray on November 16, 2016, 12:28:28 PM
USD/JPY made a high of 109.75 and it seems that bulls are determined to take it higher. First bull target is seen at 110, major target is seen at 110.30. USD/JPY's rally is the results of Trump's victory and the effect still hasn't worn off.
Title: Re: Rosen's Daily
Post by: rosentray on November 17, 2016, 11:06:25 AM
EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.0720 while market participants are expecting the latest US CPI data scheduled for later today.
Title: Re: Rosen's Daily
Post by: rosentray on November 17, 2016, 11:08:47 AM
USD/CAD has been doing a correction for the past three days with price going from 1.3592 to a current market price of 1.3417. Today's US CPI's and tomorrow's CAD CPI's will play a significant role in determining future price behavior and market trend.
Title: Re: Rosen's Daily
Post by: rosentray on November 18, 2016, 02:02:39 PM
EUR/USD at 11-month low today. The pair reached as low as 1.0581 and is now trading around 1.06 which acts as strong support.
Title: Re: Rosen's Daily
Post by: rosentray on November 18, 2016, 02:04:15 PM
Gold reached a low of $1,202 in today's session and is now trading slightly above around $1,210. The precious metal still hasn't reached bottom which is seen at $1,200. If that level is broken then we might see further drop that can lead to a low at $1,000 in the long-term.
Title: Re: Rosen's Daily
Post by: rosentray on November 21, 2016, 07:56:34 AM
EUR/USD is now more stabilized trading at 1.0630 as market participants are calmer. Uncertainty is still huge and anything can happen. The USD Index hit a 13.5 year high at 101.27.
Title: Re: Rosen's Daily
Post by: rosentray on November 21, 2016, 08:24:12 AM
Gold is higher in today's opening hours of the European session with prices going above $1,215. Still uncertainty plays a major role in current market environment. If the USD continues rallying Gold might go below $1,200.
Title: Re: Rosen's Daily
Post by: rosentray on November 22, 2016, 09:09:21 AM
EUR/USD is trading higher in today's session after a few days of high volatility and uncertainty. Current market price is 1.0643, close to first resistance at 1.0650. If bulls manage to pull through that level then we might an attempt to go higher possibly above 1.0750 before the weekend. On the other hand, bears need to go below 1.06 in order for the bull run to be discontinued.
Title: Re: Rosen's Daily
Post by: rosentray on November 22, 2016, 09:11:12 AM
USD/CAD is trading lower today, continuing its bearish downtrend that stated last week. The pair is now 1.3382, down from a high of 1.3563. The pair's movement is very choppy for the last few months making it very difficult to pick a direction and hold onto the trend.
Title: Re: Rosen's Daily
Post by: rosentray on November 23, 2016, 05:50:19 AM
EUR/USD appears to be caught in a struggle gravitating towards 1.0630. The pair tried to go below 1.0600 yesterday evening but was unsuccessful and bulls reacted quickly to the chance to buy the dips. CMP 1.0629.
Title: Re: Rosen's Daily
Post by: rosentray on November 23, 2016, 05:52:21 AM
GBP/JPY is lower in today's session after yesterday's high of 138.80. The pair is now 137.72 as the level yesterday acted as short-term resistance. If this level holds, we might see GBP/JPY drop below 137.00 before weekend.
Title: Re: Rosen's Daily
Post by: rosentray on November 24, 2016, 06:56:06 AM
Gold is now at its lowest point since February this year. The precious metal made the most impressive 30% rally in the first quarter beating all other markets. Now Gold seems to have lost its shine with current market price at $1,186. Main trend remains bearish.
Title: Re: Rosen's Daily
Post by: rosentray on November 24, 2016, 07:03:27 AM
EUR/USD is trading at 1.0539 while market participants are expecting the latest Advance Goods Trade Balance. The pair has been in the downturn since Trump's victory. As it seems, the Trump tidal wave proofed to be very resilient.
Title: Re: Rosen's Daily
Post by: rosentray on November 25, 2016, 01:43:56 PM
EUR/USD is trading relatively unchanged in today's session. The pair is now 1.0596 and as it appears market participants are exhausted and will go into the weekend without much harm done today.
Title: Re: Rosen's Daily
Post by: rosentray on November 25, 2016, 01:45:22 PM
Gold remained steady in today's session after it went down to $1,170. Bulls were quick to buy the dip and now Gold is trading at $1,187. Main trend remains bearish until we have something on the table that can create volatility.
Title: Re: Rosen's Daily
Post by: rosentray on November 28, 2016, 08:14:58 AM
Uncertainty in EUR/USD continues to affect the market as the pair is now slightly higher trading at 1.0658 with a high of 1.0685. Market participants expect extreme volatility to continue as we enter into the week.
Title: Re: Rosen's Daily
Post by: rosentray on November 28, 2016, 08:18:06 AM
GBP/JPY is now lower as market players appear to be taking profits from the latest rally that has been going on since the beginning of November. The pair is now 139.84 down from 141.73.
Title: Re: Rosen's Daily
Post by: rosentray on November 30, 2016, 07:23:24 AM
 EUR/USD is trading slightly higher in today's session. The pair is back above the 1.06 mark and it looks it is caught in a range between 1.0660 and 1.0550.
Title: Re: Rosen's Daily
Post by: rosentray on November 30, 2016, 07:24:53 AM
Gold is trying to reach higher today after going above $1,190. The precious metal is still in bear territory and will probably consolidate until the end of the week when we have the NFP's and Jobs report.
Title: Re: Rosen's Daily
Post by: rosentray on November 30, 2016, 05:07:35 PM
Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.
Title: Re: Rosen's Daily
Post by: rosentray on November 30, 2016, 05:09:03 PM
Gold price is again suffering by the impact of a stronger dollar. The precious metal dived below $1,180 and is now trading at $1,174. If the bearish trend continues, all gains made through the year will be wiped out.
Title: Re: Rosen's Daily
Post by: rosentray on December 01, 2016, 11:50:28 AM
USD/JPY continues its strongly bullish move that started on Election day when Trump won the Presidency. Since then, the pair has been trading sharply to the upside with price going from 101.20 to a high of 114.80. Main trend as of now is bullish as market sentiment shifted from the long-term bearish channel when the price reached a low of 98.97.

If tomorrow the news are for more jobs created and positive NFP data, we can expect further continuation of the bullish move. In light of that, first resistance is seen at current market price, which is also forming a double top at 114.80. If that level is taken out, we can expect price to reach 120.00 and even 121.70 to meet the second resistance.

The US dollar is definitely having the best time this year and it doesn't look like it's about to end with the end of the year. If we get a raise in mid-December and good tidings from President elect Trump the domination of the US dollar is bound to continue in 2017.
Title: Re: Rosen's Daily
Post by: rosentray on December 01, 2016, 11:54:59 AM
EUR/USD continues its sideways trading after yesterday's initial dive post-news. The pair reached below 1.0590 and is now back above 1.06 currently at 1.0624. Volatility is expected to remain low as we approach the NFP and Jobs data scheduled for tomorrow morning US time.
Title: Re: Rosen's Daily
Post by: rosentray on December 02, 2016, 03:58:40 PM
Despite the positive US news, the EUR/USD wasn't much affected. The pair remained in pre-data levels gravitating towards 1.0650. Now price is 1.0660 and it seems that it will stay that way until closing. Unemployment to 4.6% is positive with a nice move from 4.9. Here are the news:

USD Change in Non-farm Payrolls  (NOV),
Actual: 178k
Expected: 180K
Previous: 142K
Title: Re: Rosen's Daily
Post by: rosentray on December 02, 2016, 04:01:30 PM
USD/CAD is trading lower in today's session marking a third consecutive day of losses. The pair has been one of the most uncertain instruments to trade this year. Although it did have major swings up and down, since the end of January it depreciated with more than 2000 pips, thus becoming one of the top assets to lose its price in 2016.
Apart from that, since bottoming out, USD/CAD has been trading sideways making it very difficult for investors and traders to choose a direction and stick with it simply because there is no trend.
Lately, things haven't been much different. The pair went to a high of 1.3587 on Noe 14 and market multi-month high. After that high, it went as low as 1.3255 in today's session.
Lack of direction is the reason to be cautious when trading this market as price fluctuates to extreme highs and lows day in and day out.
Title: Re: Rosen's Daily
Post by: rosentray on December 06, 2016, 07:00:11 AM
Gold is struggling to hold price above $1,170 as bears were able to bring it below that price level a few times already in the past few days. The precious metal reached a low of $1,157 yesterday and is now trading at $1,170. Main trend remains bearish, it would take strong fundamentals against the US dollar to drive prices up and that, in current situation, is highly unlikely.
Title: Re: Rosen's Daily
Post by: rosentray on December 06, 2016, 07:03:53 AM
The euro has strengthened against its counterparts as yesterday's referendum turns out to be favoring the common currency. EUR/USD is now above 1.0750 and it looks like it is bound to go higher. In light of this, Gold price is falling, and the divergence between both is not a good indicator as they usually go in the same direction.
Title: Re: Rosen's Daily
Post by: rosentray on December 08, 2016, 05:42:10 PM
Euro is taking a beating after the Draghi speech  when it became clear that the ECB will continue its easy monetary policy. The pair went from 1.0872 to current market price of 1.0600, which is also the lowest point since the event.
Title: Re: Rosen's Daily
Post by: rosentray on December 08, 2016, 05:58:06 PM
Gold remained unchanged in today's session. The press conference held by ECB President Mario Draghi did not move the precious metal in any way causing it to consolidate around an average level of $1,170. Currently, Gold is trading at $1,1171 with a high of $1,178.
Title: Re: Rosen's Daily
Post by: rosentray on December 09, 2016, 05:45:38 PM
EUR/USD is trading lower in today's session after yesterday's attempt to push higher. The speech by ECB President Mario Draghi was the catalyst that drove the price down. Currently, EUR/USD is trading at 1.0538.
Title: Re: Rosen's Daily
Post by: rosentray on December 09, 2016, 05:47:16 PM
Gold gave in to the bearish pressure that has been going on since yesterday's news that the ECB will continue its easy monetary policy. The strong dollar drive investors away from the safe haven and now Gold is trading below $1,160, currently at $1,159.
Title: Re: Rosen's Daily
Post by: rosentray on December 09, 2016, 06:19:06 PM
Have in mind that the FED meeting on 13-14 Dec will decide whether or not the rates are going up. This would be one of the most anticipated events of the year. Until then the US dollar dominance is expected to continue.
Title: Re: Rosen's Daily
Post by: rosentray on December 09, 2016, 06:23:43 PM
USD/CAD kept losing gains today as the pair reached a low of 1.3152. Bearish camp has taken control and now next target is 1.31. Main trend on the short term remains bearish, on the long term the latest move is seen as a correction to the upward trend.
Title: Re: Rosen's Daily
Post by: rosentray on December 12, 2016, 03:40:11 PM
EUR/USD managed to pull through the bear attack that has been going on for the past days. In November the pair went from 1.13 to a low of 1.05 then in December it climbed to a high close to 1.09 and now is trading at 1.0565.

The bear attack is far from over as this latest correction might be preparation to put the pair even lower - possibly below multi year low below 1.04. If the Interest rate goes up on Wednesday then we might witness a continuation of the sell off move and visit levels below 1.04.

However, it is possible that the move is already over and even if we get a raise we might not see a decline in price as the depreciation already happened.

Whatever the case, Wednesday will be the day where we find out the potential EUR/USD level for the year end.
Title: Re: Rosen's Daily
Post by: rosentray on December 12, 2016, 03:44:25 PM
Gold is trading slightly above $1,160. The precious metal remains unchanged in price as traders and investors eye the last FOMC meeting for the year. On Wednesday it will become whether the rates are going up as volatility is expected to be high.
Title: Re: Rosen's Daily
Post by: rosentray on December 13, 2016, 06:47:01 AM
The US dollar has come to a halt due to consolidation ahead of the FOMC Minutes tomorrow. The pair is now 1.0636 and as it appears, it will continue to trade in the range of 1.0670 - 1.0550.
Title: Re: Rosen's Daily
Post by: rosentray on December 13, 2016, 06:47:43 AM
Gold is seeing its worst days since the beginning of the year. The precious metal has found support in February levels around $1,160. Price is now $1,160.57 and it seems that the metal will now consolidate ahead of one of the most important events of the year - the last FOMC meeting for 2016 which will determine whether the interest rate will raise.

Market participants are sure that the FED Chair Janet Yellen will raise rates and they acted on this belief by supporting the US dollar in its latest rally against all competitors. This means that if we really get a raise, as everyone expects, the move down might not even happen as it did with the last interest rate raise - the US dollar did not do anything when the news came out.

The best thing you can do, as advised by all experts, is to not trade the news. This is important in such times as these where the uncertainty globally and locally in the US is the main environment for the market.

Analysts and experts predicted before the last raise that a Yes vote will put an end to all bullish hopes for Gold, but 2016 proved that the opposite actually happened.
Title: Re: Rosen's Daily
Post by: rosentray on December 14, 2016, 06:46:11 AM
EUR/USD Awaits Key Meeting
Market participants are now anticipating the latest FOMC Meeting that will decide if the rates go up. It's considered by some that this is a "done deal" and the interest rate will hike with 0.25 basis points. EUR/USD already is rallying as well as US equities. Yesterday the Dow posted a record breaker when it reached 19,956.
With Dow closing in on 20,000 and the US dollar approaching parity with the Euro many experts now say that the FED does not actually have a choice and it's mandatory to raise rates.
The result will be publicly announced at 2pm eastern time as market players are currently on hold with their trading waiting on the decision.
EUR/USD posted minor gains yesterday as it reached 1.0660 and is now trading at 1.0649. It is expected that price will continue trading in the same range until the news release.
Have in mind that volatility may be high and any exposure to markets poses a risk to your capital. Play it safe today and don't act based on emotions.
Title: Re: Rosen's Daily
Post by: rosentray on December 14, 2016, 06:48:29 AM
USD/JPY appears to be on hold at the moment as price has approached key level at 116.00. The pair might consolidate until the FED releases its decision to raise or not to raise the interest rate. CMP 115.13.
Title: Re: Rosen's Daily
Post by: rosentray on December 15, 2016, 08:14:53 AM
FED raised rates for the second time in a decade in yesterday's FOMC meeting. FED Chair Janet Yellen announced that the interest rate goes up with 0.25 basis points. The equity market didn't like the news and fell, while the EUR/USD went below 1.05. First support zone is seen at 1.0450.
Title: Re: Rosen's Daily
Post by: rosentray on December 15, 2016, 08:20:52 AM
Gold went from $1,165 to a low of $1,136, currently trading at its lowest point. The precious metal felt the bear pressure when the FED announced to raise rates with 0.25 basis points.

Silver is also on the losing side, down from 17.20 to 16.53.
Title: Re: Rosen's Daily
Post by: rosentray on December 16, 2016, 09:50:19 AM
EUR/USD reached a multi year low yesterday going to 1.0366. The pair broke the support level at 1.04 and stayed for a while before the bullish camp took the chance to buy the dip. EUR/USD is now trading at 1.0444.
Title: Re: Rosen's Daily
Post by: rosentray on December 16, 2016, 09:51:13 AM
Gold Sells Off as Dollar Surges
As we head into years end markets become more and more uncertain due to increased volatility and unexpected price changes. The interest rate yesterday acted as a catalyst to a new wave of dollar rally and that resulted in a sell off in the Gold market.
The precious metal went from $1,165 to $1,138 on the day of the raise and continued to depreciate the next day going as low as $1,122. Currently, Gold is slightly recovered and is trading around $1,133. This, however, might only be a reflex from the sharp sell off and price still has a good chance to continue South to a probable first target level at $1,100.
It wouldn't be surprising if bears try to reach that psychological $1,100 before the year ends as this looks a realistic goal for we have seen what Gold did in the second half of the year.
In January this year Gold was at a low at $1,046, then went up almost 40% to a high of $1,375. Now Gold has lost almost every gain made throughout the year leaving all Gold bugs devastated.
The economic outlook for the US economy is very optimistic and that might reflect on the price of Gold in the near future and Gold bulls might not like it.
Title: Re: Rosen's Daily
Post by: rosentray on December 19, 2016, 05:36:53 AM
EUR/USD is trading somehow lower in the early opening hours of the week. The pair is now 1.0459 up from 1.0366. Main trend remains bearish as the pair broke the support level at 1.04. The break suggest that a move down is likely which hints to a probable parity in 2017.
Title: Re: Rosen's Daily
Post by: rosentray on December 19, 2016, 05:38:06 AM
USD/CAD is trading lower in the first hours of the opening session today as market participants are cautious and careful in the week before Christmas. US dollar bulls are withdrawing a bit as the US currency is seen to decline against its competitors.

USD/CAD traded at 1.3418 last week and went slightly below 1.34, currently 1.3383. Main trend on the short-term remains bullish but on the long-term we can observe how narrow of a path the pair has chosen to go. Since May USD/CAD has been trading in the range between 1.27 and 1.34. Last week the USD made a low of 1.3080 against the CAD and that acted as a support, moreover the pair got assisted by the 200SMA.

What follows next might very well be a consolidation until years end as we have no major news or events that can inject new volatility. Traders and investors might take this time to get off the markets and spend time with their families in the warmest holiday of the year.
Title: Re: Rosen's Daily
Post by: rosentray on December 20, 2016, 04:45:14 AM
AUD/NZD Consolidation Continues

It has been a rough year for both the Australian and the New Zealand dollar. The pair made a low in September at 1.0230 which acted as a support zone, confirming the prior support levels at 1.0022 and 1.0042. After that recent low the Australian dollar started to appreciate against its counterpart going as high as 1.0763.

That level, however, was met with disapproval from the bear camp and they used the resistance created by the 200SMA to bring the price down to lower levels. Since then, the pair has been in consolidation forming a coil with very volatile and uncertain moves to both sides.

Currently, the pair is trading at 1.04640 and, as it appears, it might try to revisit the support level this time slightly below 1.0300. If we see a dip below that line, bears can take control over it and bring it even further below 1.0100.

On the other hand, if we can break above the 200SMA then bulls will have the upper hand.
Title: Re: Rosen's Daily
Post by: rosentray on December 20, 2016, 04:48:43 AM
EUR/USD is trading with little to no change in today's opening hours. The pair is now 1.0404, down from today's high of 1.0479. If we break below 1.04 again then bears might have the upper hand and we could see parity in the near future. First support is seen at last low at 1.0366.
Title: Re: Rosen's Daily
Post by: rosentray on December 21, 2016, 05:55:40 AM
USD/CHF Double Top

In the week before Christmas despite all the prior volatility and uncertainty in markets there is still some good old pattern following movements. Markets are now calmer and contained as we head into 2017. USD/CHF made a high 1.0340 on 15 Dec and since then it's been trading around the 1.0300 level. That level is seen as a second top which comes less than a month after the first top made on 27 Nov.

USD/CHF is now trading at 1.0277 indicating that the resistance zone is acting strongly and preventing bulls from going above 1.0350. If that level holds we might see a move to the downside to a probable first target of 1.0000, or in other words - parity.

On the other hand, given how strong the US economy is right now and how optimistic the outlook is, bulls can very easily take out the resistance and go well above 1.0350.

No matter which one it might be, market participants usually are very quite in the last week of the year so low volatility can be expected.
Title: Re: Rosen's Daily
Post by: rosentray on December 21, 2016, 05:59:03 AM
EUR/USD is now trading slightly above 1.0405, better than yesterday's levels below the psychological 1.04 level. The pair seems more confident to try and make move to the upside before the weekend. However, bears have the upper hand and if they manage to bring it back below 1.04 for the day this might act as a catalyst for future depreciation in the near-term.
Title: Re: Rosen's Daily
Post by: rosentray on December 22, 2016, 07:07:04 AM
USD/JPY's latest and awesome rally appears to have come to a hold as price lost steam once it reached just slightly below 119.00. The pair reacted dovishly when it went as high as 118.65 and has been consolidating around that level eversince.

Main trend on the long-term remains strongly bullish, but the effect by the Trump wave seems to have worn off and now if USD bulls want to continue their marching North they would need something strong othwerise bears have the advantage caused by low liquidity and weak bull support.

Expectations are that USD/JPY will continue trading in the range between 116-something to 118 until years end as market participants are away to spend time with families taking the volatility with them.

However, we still have some important news such as Consumer Confidence and Advance Retail Sales scheduled for next week that may cause unexpected rapid moves to either side.
Title: Re: Rosen's Daily
Post by: rosentray on December 22, 2016, 07:12:35 AM
EUR/USD is trading barely unchanged from yesterday's levels still gravitating towards the 1.04 level. Price is now a bit higher at 1.0445 and it seems that a correction is at hand as we approach years end. Important news are scheduled for later today that may alter current pace and direction.
Title: Re: Rosen's Daily
Post by: rosentray on December 23, 2016, 09:40:01 AM
Nothing out of the ordinary in today's session as traders and investors are having a few days in a calmer market environment before Christmas. EUR/USD is now trading at 1.0459, slightly up from yesterday's levels.
Title: Re: Rosen's Daily
Post by: rosentray on December 23, 2016, 09:42:06 AM
Gold is trading unchanged from yesterday's levels still gravitating towards the $1,130 level. The precious metal is still in bearish territory and consolidating ahead of Christmas and New Years' eve. Support rests at $1,120, resistance awaits at $1,140.
Title: Re: Rosen's Daily
Post by: rosentray on December 26, 2016, 08:06:43 AM
EUR/USD is trading a bit higher in today's session going as high as 1.0467. The pair is seen to consolidate towards current levels as bulls might be into correction before the price heads to parity, as analysts and experts predict for early 2017.
Title: Re: Rosen's Daily
Post by: rosentray on December 26, 2016, 08:09:35 AM
Gold is seen to consolidate around $1,130 with current market price of $1,132. The precious metal has had its worst six months in years with price going from a high of $1,375 to a low below $1,130 leaving all Metal Hedge Funds and Metal investors devastated. However, those same participants might use the time to buy the dip and hold for a historical rally, should we see the Trump administration not meet expectations.
Title: Re: Rosen's Daily
Post by: rosentray on December 27, 2016, 10:50:49 AM

USD/JPY has been consolidating around its highest levels since Christmas. The pair registered a high of 118.70 on Dec 15 and has been trading around that level eversince. Low volatility and low liquidity were to be expected after Christmas as market participants are away and no major news are expected to stir the market.

Traders and investors are taking a few days off to be with their families all around the world as business is put on hold. At least for a while before we start anew on Jan 1. Until then, the market is expected to trade flat with a calm US dollar.

USD/JPY can be expected to trade around 117.00-118.05 until volatility is back on stage and market is ready to take it to another level. Current market price is 117.28 in this post-Christmas calm Tuesday.

Title: Re: Rosen's Daily
Post by: rosentray on December 27, 2016, 10:55:49 AM
EUR/USD is trading relatively unchanged since yesterday's session. The pair is now 1.0451 in a market environment that lacks volatility and liquidity. The pair is expected to keep gravitating towards current levels until New Years' Eve.
Title: Re: Rosen's Daily
Post by: rosentray on December 28, 2016, 09:49:48 AM
USD/CAD is having one last big move before the year ends in a few days. In the last trading days of 2016, USD/CAD registers a move to the upsde with prices going above 1.3550. Today, the pair is trading at its highest since the beginning of the bullish move on Dec 14. The price then was 1.3080 and had just met the long-term support.

Bulls did not miss the chance to go in and back the US dollar against its counterparty. Since then, the pair has made good progress going as high as 1.3580, which is seen as immediate resistance and also a double top.

If price goes above current levels, we might see a continuation of the upward move in early 2017. On the other hand, in the past few days we are seeing a timid and somehow protective US dollar, which might spread to the USD/CAD trading also. In that case, price could retreat to lower levels with first target at 1.3350.
Title: Re: Rosen's Daily
Post by: rosentray on December 28, 2016, 09:52:35 AM
EUR/USD is trading slightly lower today but still remains in the consolidation zone between 1.05 and 1.0390. Main trend remains bearish with current market price at 1.0435. Important events are scheduled until the end of the week that can cause some volatility in the last trading days of 2016.
Title: Re: Rosen's Daily
Post by: rosentray on December 29, 2016, 10:36:26 AM
EUR/USD reached 1.0373 yesterday and is up sharply to a high of 1.0479. The pair is currently trading at 1.0470 as it seems that US bulls will take a break until years end. Support rests at 1.04 while resistance is seen at 1.0515.
Title: Re: Rosen's Daily
Post by: rosentray on December 29, 2016, 10:40:51 AM
USD/CHF is trading lower after a few days of consolidation at its highest point above 1.0300. The pair reached a high of 1.0344 and immediately retreated to lower levels but still managed to hold above key 1.0300 level. A few days passed and price was struggling to keep the momentum.

A few times the US dollar gave in to bullish pressure going below 1.0300 but then again got back up above and has entered into consolidation that continues up to now. Main trend on the long-term remains bullish but with the decent sideways trading we might expect to reach below 1.0230.

If that happens, next bear target would be to go below 1.0100 and then parity again. On the other hand, bulls are on standby awaiting January when President-elect will be officially sworn as President of the United States. Given his powerful administration, market participants have high hopes for the future of the US equities and currency and these expectations may provide the next boost in the US dollar against its counterparts.
Title: Re: Rosen's Daily
Post by: rosentray on December 30, 2016, 12:15:40 PM
EUR/USD sharply up in today's session due to a computer generated order that created a spike in the pair up to 1.0650. The pair is now 1.0560 in the last trading day of 2016.
Title: Re: Rosen's Daily
Post by: rosentray on December 30, 2016, 12:16:41 PM
An algo trade caused the Euro to spike against its rivals in the early midnight European hours. The single curreny rose to 1.0652 against the dollar due to a trade that was designed to take advantage of the low liquidity in the markets at that time.

As a result, the most effect was felt in Gold as safe haven which climbed to a high of $1,163, USD/CHF went below 1.0050 and Silver went to 16.25.
This is the second time an algo trade has caught investors by surprise, the first time being the Sterling flash crash on 7 Oct when the Pound dived 6.1% against the dollar.

This time it was a bit lighter, however, traders were hurt as their stops were taken out during the unexpected move.

It is yet to be investigated what exactly is behind that trade, presumably the reason is a computer generated order causing a reverse flash crash.
Title: Re: Rosen's Daily
Post by: rosentray on January 02, 2017, 09:15:28 AM
USD/CHF is showing strong bullish impulses that turned out to be very tough for the bears to beat. Last week the pair was impacted by the so called reverse flash crash in the euro. Then, the EUR/USD went to a high of 1.0650 and the USD/CHF slipped to 1.0050.

In light of this, right before the crash, the pair was trading at a double top which was a strong bearish signal indicating that a move to the downside is probable. The move came and the pair reached close to parity when out of nowhere the bulls stepped in and saved the day.

The pair has now recovered more than half of the decline from last week and is trading at 1.0220. If bulls manage to push the price above major resistance at 1.0330 we might see further appreciation of the US dollar.

We are just less than three weeks before Donald J Trump steps into office. This might result in high volatility in the markets due to the high expectations people have for Trump's presidency and administration.
Title: Re: Rosen's Daily
Post by: rosentray on January 02, 2017, 09:17:30 AM
EUR/USD is trading lower today after the flash crash from last week took the pair to a high of 1.0650. Price is now 1.0481 and it appears that US dollar bulls are again ready to take control over the market.
Title: Re: Rosen's Daily
Post by: rosentray on January 03, 2017, 10:13:28 AM

The US dollar is making a strong comeback in the first week of trading for 2017. The US currency is up against all competitors, most significantly against the euro, japanese yen and swiss franc.

All three pairs registered a move in favor of the US dollar in the second trading day for 2017 with slightly boring first day of trading for the year. However, today the EUR/USD went below 1.04 again, when a few days earlier it reached 1.0650. The swiss franc reached 1.0050 and is now back just a few points shy of 1.0300. And the japanese yen is yet again depreciated with price above 118 for a dollar.

All this comes as President elect Trump is about to step into office with his just formed administration full of financial and technological experts that are expected to take the US economy into the next level with more jobs created, tax cuts, spending cuts, higher rates and all that good stuff.

All this can infact be very dangerous for the US economy as this actually sets the bar really high and thus it would be very difficult to meet those expectations.

Title: Re: Rosen's Daily
Post by: rosentray on January 03, 2017, 10:17:38 AM
Gold lost what was gained in the early trading hours of the session. The precious metal reached close to $1,160 and is now back below $1,150 as bears as showing their determination to keep price at lows until Trump gets elected.
Title: Re: Rosen's Daily
Post by: rosentray on January 04, 2017, 06:43:31 AM
The EUR/USD is trading slightly unchanged since yesterday's levels. The pair continues to gravitate towards 1.04 level, currently 1.0403. Main trend on the long-term remains bearish. Volatility may remain low until Donald Trump officially steps into office.
Title: Re: Rosen's Daily
Post by: rosentray on January 04, 2017, 06:44:48 AM

USD/CHF continues its range bound trading in the early opening hours today. The pair went close to a parity last week when the flash crash took place and then climbed up again to reach a high of 1.0335 in yesterday's session. The move is still not over as the stronger US dollar once again is flexing muscles.

Partially, the stronger dollar is the effect of Trump's tweet yesterday that US manufacturers should contain their production within the borders of the United States or face high taxes. That caused Ford to cancel a $1.6B deal to manufacture in Mexico.

This move by Donald Trump was seen as a decisive and bold presidential act that got a lot of media attention. As it seems, Trump is already taking control over the economy a couple of weeks before he is officialy sworn as the President of the United States.

With this kind of determined and goal oriented measures, the President elect has a great chance to boost the US dollar into record breaking levels.

Title: Re: Rosen's Daily
Post by: rosentray on January 05, 2017, 06:07:12 AM
EUR/USD is up on release of FOMC minutes. The pair went to a high of 1.0562 on increased risk of higher pricing and uncertainty for higher inflation. Dollar is weaker as markets are unsure what the impact of current policy is going to be.
Title: Re: Rosen's Daily
Post by: rosentray on January 05, 2017, 06:08:31 AM
Gold is up with $13 overnight as dollar is trading weaker. US dollar is selling off over the last couple of days which caused the yellow metal to rally from $1,150 to a high of $1,177. Overall the long term outlook is very optimistic for the dollar with rising rates in 2017, Trump's strong administration and this would cause headwinds for the greenbackand weak environment for Gold and metals overall.

That being said, the current depreciation of the dollar can be seen as a correction which helped Gold bugs to jump on in the trade to a 4 week high. EUR/USD is now at 1.0557, USD/JPY is at 116.18 and USD/CHF is gravitating towards 1.0167.

The correction is due to the release of the latest FOMC Minutes which sounded hawkish with increased risk on higher pricing and that drove market participants away from the dollar. But on Friday we get to know the latest NFP's and jobless claims and that would definitely leave an impact on market conditions.
Title: Re: Rosen's Daily
Post by: rosentray on January 06, 2017, 10:56:47 AM
EUR/USD is trading relatively unchanged today as traders are waiting on the latest NFP and jobs report later today. The pair is now 1.0603. High volatility is expected in less than 3 hours.
Title: Re: Rosen's Daily
Post by: rosentray on January 06, 2017, 10:58:30 AM
Gold continues its climb towards the psychological $1,200 level as price has peaked over 4 week high at $1,184. The precious metal is now $1,178 as Gold bugs are ready to face the US data later today.
Title: Re: Rosen's Daily
Post by: rosentray on January 09, 2017, 07:11:10 AM
Silver has made considerable progress over the last few days going from a low of 15.61 to a high of 16.71. The asset, however, remains in bearish teritorry as Silver bulls must go through the resistance level at 16.70 or bears will take over again and push prices further down.

Silver reached a 2016 high in the beginning of July when price skyrocketed to 21.11 and then gradually started to wear off as the dollar gained strength. Expectations are for the US dollar to pick up the momentum and continue to appreciate.

Some experts even say that the move in the US dollar has not even started yet and that they expect a huge move to the upside around the time of inauguration of Donald Trump in less than two weeks.

If that is the case, then Silver along with Gold are poised to go lower. On the other hand, it takes just a spark to make precious metals go off to new highs.
Title: Re: Rosen's Daily
Post by: rosentray on January 09, 2017, 07:17:01 AM
EUR/USD traders remains cautious in the first day of the week as price keeps trading unchanged around 1.0540. On Friday the US dollar was benefited by positive US data and that drove the price of the pair down. Now bears seem to have an edge that would give them control over the pair for the short-term.
Title: Re: Rosen's Daily
Post by: rosentray on January 10, 2017, 05:28:03 PM
EUR/USD continues to trade relatively unchanged around the 1.06 level. Price is now 1.0561, slightly lower than yesterday's high indicating that US bulls are not yet ready to give up control over the pair.
Title: Re: Rosen's Daily
Post by: rosentray on January 10, 2017, 05:31:03 PM
Gold registered a new high today going above $1,190 for the first time since 30 November last year. The precious metal has been gaining in price since 15 December when it reached a low of $1,123 and then started going North.

Although the asset looks clearly bullish, going long for the short-term might turn out to be a bad choice. The odds are still in favor of the US dollar as we approach the Inauguration day when Donald Trump will officially be elected as President of the United States. In light of this, markets might react excessively volatile without any reasoning behind it.

Best decision would be to remain cautiously optimistic and observe the turn of events with a clear head to not fall prey to the desire for quick money on news trading.

Current Gold price is trading at resistance and if bulls want to continue their rally they need to go above the psychological $1,200 in order for them to have an edge against their peers.
Title: Re: Rosen's Daily
Post by: rosentray on January 11, 2017, 01:24:08 PM
EUR/USD is trading lower today going to 1.05. The pair is now trading at 1.0511 as uncertainty continues to be high due to the coming Inauguration of Donald Trump as POTUS.
Title: Re: Rosen's Daily
Post by: rosentray on January 11, 2017, 01:25:47 PM
USD/JPY continues to trade sideways with price fluctuating around 116 in recent days. The pair registered a close to one year high in December reaching up to 118.66. After that high, however, bears stepped in and ended the multi-month rally that started from 98.85.

Price is now 116.09 as consolidation continues. First bull target is seen at 117.39 while first bear target is below the lowest low at 115.05.

We are only 10 days away from the Inauguration of Donald Trump and that event can cause heavy volatility in the US equity and currency market.

As to USD/JPY, traders might attempt to reach major resistance zone at 121.00. In that case, bears are expected to react and push price down.
Title: Re: Rosen's Daily
Post by: rosentray on January 12, 2017, 07:24:46 AM
USD/CAD is trading below the long-term support and just about to touch the 200SMA. The pair broke the support level at 1.3160 and continued to the downside to reach a low of 1.3125. The low comes after the US dollar advanced to a high of 1.36 against its peer and then took a turn South.

Yesterday's speech of Donald Trump influenced the US currency market and the US dollar depreciated against its competitors. Today it seems that the move is likely to continue as there would be no major news that can change the direction of the market.

Current market price is 1.3127 and we are only some 30 points away from the 200SMA. If bears are able to push price below that level we might see selling to accelerate to potential target below 1.30.

On the other hand, the 200SMA might be used by the bulls to bounce off as a strong support level and go back above the support at 1.32.
Title: Re: Rosen's Daily
Post by: rosentray on January 12, 2017, 07:31:11 AM
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.
Title: Re: Rosen's Daily
Post by: rosentray on January 13, 2017, 09:12:00 AM
EUR/USD is trading steadily in today's session due to lack of fresh news that can stir the market. Later today we have the Advance Retail Sales and Michigan Confidence. The events have the potential to create the outlook for market behavior for next week.
Title: Re: Rosen's Daily
Post by: rosentray on January 13, 2017, 09:13:39 AM
AUD/USD registered a good move to the upside in the last couple of weeks going from a low 0.7159 to a high of 0.7520. The move comes after the pair has been declining in price due to the 14 year high US dollar. Even that was not enough to keep the Australian dollar bulls from taking control over the pair. The australian currency rose significantly on good economic data thus putting an end to the dominance of the Greenback.

The rise of the AUD, however, might have come to an end as the pair has reached a resistance level created by a double top that has the potential to turn the trend. AUD/USD is already lower after meeting resistance at 0.7515 and is now trading at 0.7485. Another factor that can influence the price is the 200SMA that lays at the same level of resistance.

If the pair closes the last day of the week with an inverted hammer candle it would be a good sign that we might witness further depreciation next week.
Title: Re: Rosen's Daily
Post by: rosentray on January 16, 2017, 09:15:22 AM

Dow Jones hit an all time high after Trump won the Presidential elections. The index reached just five points shy of 20,000 and is currently trading at 19,852. The skyrocket rally occurred due to the high expectations of market participants that Trump will actually make America great again. The reality, however, does not have anything to do with the latest rally in US stocks. Earning reports are not that impressive and job growth is at the same place as pre-election times.

Inflated expectations allowed the US companies to improve their earnings performance, but eventually reality may not be able to keep up with expectations. After a twilight period the price trend may be reversed. If Trump does not manage to sustain the rapid growth in US equities prices, the problems will surface and the earnings will collapse.

US companies and hedge funds are optimistic about the Trump presidency as he has surrounded himself with the intellectual and financial elite. In light of this, all the great minds that run the capitalist world are gathered under one roof towards one common goal - the wellbeing of the United States. All of this suggests that what we are about to see will be game changing.
Title: Re: Rosen's Daily
Post by: rosentray on January 16, 2017, 09:18:24 AM
EUR/USD is trading to the downside in today's early European hours as market participants are expecting the speech of Theresa May that may influence the Sterling. Traders are heading to the stronger US dollar in an attempt to preserve their capital in case of unwanted volatility in the UK currency. CMP 1.0584 EUR/USD.
Title: Re: Rosen's Daily
Post by: rosentray on January 17, 2017, 09:33:49 AM
EUR/USD is trading to the upside in today's session after the selling ended yesterday. The pair is now 1.0676, close to day high at 1.0678. Theresa May's speech may affect the currency pair as traders might flee from Sterling on signals for a hard Brexit.
Title: Re: Rosen's Daily
Post by: rosentray on January 17, 2017, 09:34:37 AM
GBP/AUD is trading close to major support at 1.5750. The pair is in its worst performance since the beginning of September 2015 when it started going downhill. Then in mid-2016 Brexit came and made things worse and now the pair is at a 4 year low. The last time GBP/AUD reached below 1.60 was in 2013 when it bottomed out at 1.4380.

Now the pair is trading at 1.6150 as bulls find it hard to push above the 200SMA at 1.76. They tried to go higher in the last two months of 2016 and made it to 1.72 but bears took the stage again and now the near future of the Sterling looks fragile.

Today we have important news coming out of Britain - GBP Consumer Price Index. If it's good, then we should see the Sterling go higher, but if not, the major support level is exposed to bear attacks.
Title: Re: Rosen's Daily
Post by: rosentray on January 18, 2017, 01:19:51 PM
The Sterling took off after Theresa May's speech to pursue a hard Brexit and exit the common EU market. Traders and investors apparently believed in her words that a hard Brexit would be positive for the UK as the country expects to come out stronger than when they were a part of the EU. She emphasized that an exit from the EU is not an exit from Europe and would pursue to keep an open market between the UK and the EU.

All of this signaled a buy and the Sterling valued against all its competitors. GBP/USD reached a high of 1.2415 a few hours after the speech, up from 1.1985.

Currently, minor selling has occurred which is probably some profit-taking and the pair has devalued to 1.2270. The move, worth noting, was a reflection on May's outlook for the future and not actual facts so the retrace can be expected to continue.
Title: Re: Rosen's Daily
Post by: rosentray on January 18, 2017, 01:23:05 PM
EUR/USD is trading on the lower side today after yesterday's speech of Theresa May injected some optimism into the European currency, driving the attention away from the US dollar. Today the pair is back below 1.07 currently trading at 1.0667.
Title: Re: Rosen's Daily
Post by: rosentray on January 19, 2017, 11:56:17 AM
GBP/JPY is in its fourth day of consecutive gains going from 136.40 to a high of 141.50. The pair reacted to the bullish remarks made by May in her speech to pursue a hard Brexit. Usually when traders and investors buy the Sterling, they sell the Yen causing it to depreciate against all of its peers.

In the case of GBP/JPY, market participants favored the Sterling and what we currently observe is the continuation of the move that started a few days ago. The short-term outlook looks bullish only if bulls manage to push through the 200SMA that is occurring in current market price. A few attempts have proved successful in the near-past so bulls still have the advantage.

On the other hand, the inauguration of Trump might turn out to be a bearish signal for the US dollar, as we already saw a 10% rise in US equities and it's unlikely that the move can hold on much longer. In light of this, what could be happening is buy the election, sell the inauguration, in which case, the Yen might again start to appreciate.

In other news, in less than a day we will witness how Trump becomes President! Markets are anticipating the historical event and high volatility can be expected.
Title: Re: Rosen's Daily
Post by: rosentray on January 19, 2017, 12:04:55 PM
EUR/USD is trading absolutely unchanged since yesterday's level around the 1.0660 level. The pair appears to be anticipating the Inauguration of Donald Trump as President of the United States of America. High volatility can be expected and traders are advised to use low leverage and small positions as market can go either way.
Title: Re: Rosen's Daily
Post by: rosentray on January 20, 2017, 08:45:21 AM
EUR/USD is in its third day of consolidation at 1.0660 as market participants are cautious of the upcoming Inauguration of Donald Trump. High volatility remains the main factor that can take over the markets today.
Title: Re: Rosen's Daily
Post by: rosentray on January 20, 2017, 08:47:04 AM
USD/CHF is trading down today going below 1.0100. The pair is now 1.0060 as traders and investors have paused their buying and selling to witness the Inauguration of the 45th President of the US.
Title: Re: Rosen's Daily
Post by: rosentray on January 23, 2017, 11:29:29 AM
Gold has been having a good start of 2017 with price up $70 from $1,149 to $1,219. The latest high came last week when Trump was officially inaugurated as the 45th President of the USA. Since then, Gold has had some troubles pushing higher and made a low at.$1,210. Price is now $1,211 and it would take a fresh touch backed by fundamentals in order for the pair to  continue North.

What's somehow worrisome for the Gold bulls is that Gold has reached the prior high level at $1,220 and retraced back below it thus forming a short-term double top. As of now, the double top is confirmed and market can try to go below the support level at $1,195.

If the precious metal reaches $1,200 bulls may consider this a buying opportunity and support the price. On the other hand, a breach below that level could indicate that bears are taking control over the market.
Title: Re: Rosen's Daily
Post by: rosentray on January 23, 2017, 11:38:41 AM
EUR/USD is trading higher today. After Trump was officially inaugurated as the 45th President the US dollar depreciated slightly against the Euro. Current market price is 1.0732 in the early European trading hours.
Title: Re: Rosen's Daily
Post by: rosentray on January 24, 2017, 08:33:15 AM
The Sterling made an impressive rally in less than two weeks going from a low of 1.5734 to a high of 1.6618. The rally started on the day when Theresa May, Britain's Prime Minister, made the announcement to withdraw from the single EU market and leave the EU in the "hard way". The speech turned out positive for the Sterling as investors saw a future of stable and growing independent UK economy.

GBP/CAD was the pair that rallied the most out of all Pound pairs. This rally, however, might have come to a halt as price has now retreated to lower levels. The consolidation comes at a time when fundamentals are yet to reveal the near-term consequences of the policies performed by the UK government. Theresa May will be meeting with President Trump to discuss better UK-US relations in terms of trade, travel and work. These talks might create high volatility in the GBP/USD pair which can spread across various other GBP pairs.
Title: Re: Rosen's Daily
Post by: rosentray on January 24, 2017, 08:41:20 AM
EUR/USD is trading at resistance in today's early European hours. The pair made a high of 1.0780 and is now gravitating towards the 1.0750 level. Bears have the advantage as price has reached resistance. Bulls need to go above 1.08 so that the upward trend could be confirmed.
Title: Re: Rosen's Daily
Post by: rosentray on January 25, 2017, 09:21:38 AM
The Euro has been depreciating against its counterpart the Norwegian Krone. In the past few days the pair took a turn South and reached a low of 8.9470. Currently the pair is trading at 8.9522 and falls below the support line which rests at 8.9830.

The Euro bulls would need something strong and optimistic out of Draghi to keep them going, otherwise the single European currency is bound to fall.

EUR/NOK may find immediate support a bit lower than current level at 8.9200 which would form a fourth bottom with the last three dips to that level.

Market sentiment remains bearish for the pair with 200SMA above price as another factor contributing to devaluation of the EUR/NOK.
Title: Re: Rosen's Daily
Post by: rosentray on January 25, 2017, 09:26:37 AM
The euro reached a high of 1.0775 against the dollar in yesterday's session and is now trading slightly below that level at 1.0750. Short-term resistance is seen at 1.08, while first support rests at 1.0720.
Title: Re: Rosen's Daily
Post by: rosentray on January 26, 2017, 02:57:45 PM
GBP/CAD is trading to the downside in today's session after an impressive rally made in the second half of January. The pair reached a high of 1.6624 a few days ago when it started declining as the trend exhausted. Since then, the pair has not been able to continue moving North and bears reached a low of 1.6405.

Currently, price is not too far away from the lowest low indicating that it may try to reach it as a support zone and first bear target. Should this happen, GBP/CAD might test the next support level at 1.6310.

On the other hand, PM Theresa May is about to hold talks with Pres Trump on agreements on mutual trade. The talks may have positive impact on the Sterling which would drive GBP/CAD up to a possible first target at 1.6680.
Title: Re: Rosen's Daily
Post by: rosentray on January 26, 2017, 03:02:23 PM
EUR/USD is trading to the downside today after it reached resistance at 1.0780-1.08. The pair is now 1.0690 and bears might try to bring it down below 1.06 on Trump's policy implementations.
Title: Re: Rosen's Daily
Post by: rosentray on January 27, 2017, 09:09:57 AM
USD/JPY is in an uptrend that started in the beginning of the week and has been going on since then. The pair registered a low of 112.56 and is now trading at 115.22 with a high of 115.30. US dollar bulls are faced with the first challenge to overcome the resistance at 115.65. If that level is broken then we might see the pair try to conquer 117 and even further.

On the other hand, market participants might sell the pair at current market price thus giving enough advantage to bears to reach their short-term target at 112.50 and form a triple bottom.

Some important news that may create volatility in the pair are the USD Gross Domestic Product and the USD Durable Goods Orders.
Title: Re: Rosen's Daily
Post by: rosentray on January 27, 2017, 09:27:32 AM
EUR/USD dipped below 1.07 yesterday and is now trading at 1.0696. The pair is on its move down and if we get positive US data later today we will see this move continue.
Title: Re: Rosen's Daily
Post by: rosentray on January 30, 2017, 08:26:48 AM
The Swiss Franc is once again more expensive than the US dollar. The long-term trend shows that the tendency for the last seven years has been predominantly in favor of the Swiss Franc. The pair had had a few parity break outs, however, but the US dollar has been incapable of moving much above the parity level.

The latest political decision of Donald Trump to ban all refugees for 120 days caused protests all over the States thus creating uncertainty in mistrust in Trump as their leader. If this spreads further, it might affect the currency and equity markets in a negative way and jeopardize the optimistic outlook market participants have for the US.

In light of this, the US dollar is now facing a double edged sword as the current economic and political events might very well define the future developments of the dollar against all its counterparts.

The Swiss Franc is the most appreciated currency against the dollar so far throughout the year as it registered a triple top at 1.0300. Current market price 0.9987.
Title: Re: Rosen's Daily
Post by: rosentray on January 30, 2017, 08:31:46 AM
EUR/USD is trading slightly higher in today's early European hours. The pair is now 1.0698, up from a low of 1.0654. Market sentiment for the short-term remains bullish, long-term outlook is bearish.
Title: Re: Rosen's Daily
Post by: rosentray on January 31, 2017, 12:17:14 PM
Silver is trading higher in today's session after a minor loss posted yesterday. The precious metal has been on a winning streak since the end of December and is currently facing resistance in the face of 17.30. Main trend on the short-term remains bullish and if we get passed that 17.30 level we might see a continuation of the upward move with a renewed momentum.

If, however, bears succeed in bringing the price down at current levels, market participants might witness another move down to a probable first target of 16.23 and major bear target of 15.60.

Bulls will need a strong buy signal to get passed, while bears will only need lack of any signal to buy. The long-term trend looks optimistic so it's more likely that we could see a move to the upside to a major target at 17.60.
Title: Re: Rosen's Daily
Post by: rosentray on January 31, 2017, 12:23:34 PM
EUR/USD is higher today after a bearish market reaction to the US dollar based on fundamentals. The pair is now 1.0759 with first resistance at 1.0775.
Title: Re: Rosen's Daily
Post by: rosentray on February 01, 2017, 07:54:45 AM
USD/JPY has been trading with high volatility for the past few weeks. The pair made a low yesterday of 112.08 on a weaker US dollar and is now back at 113.47. Lately, it has been difficult to predict what the currency pair is going to do as we saw a lot of uncertainty in markets thus causing the pair to roam volatile.

Now it looks like the US dollar is gaining strength again so we might expect the move to continue higher. If this is the case, bulls might try to reach first target level at 113.93 and major short-term target at 115.13.

On the other hand, negative US dollar news will impact the pair in favor of the Japanese Yen and this will make way for first bear target at 112.20 and major short-term target at 111.12.
Title: Re: Rosen's Daily
Post by: rosentray on February 01, 2017, 07:57:10 AM
EUR/USD is trading relatively unchanged from yesterday's levels around 1.08. The pair might consolidate for the next few hours in expectation of the next market news that can hint a direction.
Title: Re: Rosen's Daily
Post by: rosentray on February 02, 2017, 04:09:09 PM
Gold is trading at a 2.5 month high in today's session amid uncertain times in the US economy. More specific, the Trump wave seems to be wearing off and now markets would need something fresh to stir the environment and create volatility.

The precious metal reached a high of $1,224 and is now trading at $1,217. If the trend keeps on going we might see Gold above immediate resistance at $1,230 to a probable bull target at $1,300. All eyes are now on the US economy and the latest NFPs and Jobs report scheduled for tomorrow 8:30EST.

Should we get bad news, Gold is destined to shine again. High volatility can be expected tomorrow in the Gold and currency market as this would be the first major report under Trump's administration.
Title: Re: Rosen's Daily
Post by: rosentray on February 02, 2017, 04:12:54 PM
EUR/USD is trading relatively unchanged in today's session after a good few days of gains that caused the pair to go above 1.08. The pair is now 1.0807 and is expected to consolidate ahead of tomorrow's reports on NFPs and Jobs data.
Title: Re: Rosen's Daily
Post by: rosentray on February 03, 2017, 09:31:56 AM
EUR/USD is trading in consolidation around 1.0750 as market participants await the latest NFP and Jobs report. The move may create high volatility and unexpected price changes so if you have decided to trade the news have tight stops and small positions.
Title: Re: Rosen's Daily
Post by: rosentray on February 03, 2017, 09:36:34 AM
Gold is trading relatively unchanged since yesterday's levels around $1,215. Price is now $1,212 as Gold bugs expect the news later today hoping that it will give them a clearer perspective on the short-term.
Title: Re: Rosen's Daily
Post by: rosentray on February 06, 2017, 12:58:03 PM
The US dollar appears to be gaining strength. EUR/USD is now 1.0732, down from above 1.08. First support level is at 1.0710.
Title: Re: Rosen's Daily
Post by: rosentray on February 06, 2017, 12:59:56 PM
AUD/USD has been going steadily to the upside in the past few weeks. The pair hit bottom on Jan 2 at 0.7163 and since then it's been rallying to current market price of 0.7663. AUD/USD is now trading slightly below the top which happened just a few points shy of 0.77 at 0.7695.

Main trend on the medium-term remains bullish while on the short-term we can expect the consolidation to continue. The pair will most likely trade sideways until one of the two sides gets a boost from financials and fundamentals.

Major resistance rests at 0.7750, while major support is seen way down to the starting point. Considering Trump's new policies, the pair might get into serious turbulence until the market digests Trump's approach to the economy.
Title: Re: Rosen's Daily
Post by: rosentray on February 07, 2017, 06:22:02 PM
EUR/USD closed the European session in the red today after it went below support on the short-term. The pair dipped under 1.07, which was seen as immediate short-term support and is now still trading below that line.

If the pair continues in that direction, we might expect first support zone at 1.0619, second is seen at 1.0450 and major support is the lowest at 1.0338.

On the other hand, if bulls take the advantage of the dip, they can boost the price up to the latest high at 1.0825 thus forming a potential double top. If that does not hold, 1.09 is seen as major short-term target.

Whichever comes first will most likely be impacted by either Trump's success or Trump's failure to implement his new policies.
Title: Re: Rosen's Daily
Post by: rosentray on February 07, 2017, 06:24:02 PM
USD/JPY is trading in consolidation in today's session due to lack of impactful news that can give a direction to the pair. The latest developments in the pair show signs of weakness in the US dollar. The Trump rally came to an end just a bit over one month since it started on Nov 9 when Trump was elected President.

The pair made a staggering rally from 101.20 to 118.63 and it has been depreciating since then. Now the USD/JPY is trading at 112.03 and it appears that the trend will continue moving South unless we can hop on strong fundamentals.

The financial situation currently benefits the Yen as Trump makes a move to support a weak dollar. Even the Japanese former currency czar Eisuke Sakakibara said the dollar could fall below 100 yen by year end, but went on to say that Tokyo should not do any yen-selling as this might turn out to be counterproductive.
Title: Re: Rosen's Daily
Post by: rosentray on February 08, 2017, 10:29:37 AM
EUR/USD is trading to the downside in today's session due to increased uncertainty in Europe related to the elections in France. Price is now 1.0649 and first support is seen at 1.0617.
Title: Re: Rosen's Daily
Post by: rosentray on February 08, 2017, 10:32:13 AM
A record intraday high for the Dow, today we are expecting another strong day. Europe is relatively flat in today's session. China, Japan and India as well are in the red this morning.
Title: Re: Rosen's Daily
Post by: rosentray on February 09, 2017, 06:01:09 PM
EUR/USD continued trading to the downside today. Market had a calm European session and entered into the US session at around 1.0660.
Title: Re: Rosen's Daily
Post by: rosentray on February 09, 2017, 06:08:19 PM
GBP/JPY posted new gains today whilst the Yen appreciated against its major competitors. The pair reached just a few points shy from 142 and is now trading at 141.55.
Title: Re: Rosen's Daily
Post by: rosentray on February 12, 2017, 08:20:34 PM
EUR/USD's next week should be interesting!
Title: Re: Rosen's Daily
Post by: rosentray on February 12, 2017, 08:23:50 PM
Gold had a strong week last week when it reached close to $1,250. The precious metal now has a positive outlook as we enter into the second half of the month.
Title: Re: Rosen's Daily
Post by: rosentray on February 13, 2017, 10:28:53 AM
EUR/USD is trading relatively unchanged today gravitating towards 1.0625. The pair would face high volatility this week due to important financials tomorrow and on Wednesday.
Title: Re: Rosen's Daily
Post by: rosentray on February 13, 2017, 10:30:32 AM
USD/JPY is in the middle of its downward short-term trend in today's preopen European hours. The pair is now 113.68 and is caught between support at 112.00 and resistance at 115.00. The trend shows that the pair progressively weakens and therefore we can expect the resistance to change the direction back from the correction wave to the downside.

However, we should not undermine market's strength amid strong US expectations and so, USD/JPY can make an attempt to go above short-term resistance and reach mid-term resistance at 118.60.

We don't have any major news scheduled for today, but the next two days are packed with financials such as Chair Yellen's speech before senate on Tuesday and the Consumer Price Index on Wednesday.
Title: Re: Rosen's Daily
Post by: rosentray on February 14, 2017, 08:48:44 AM
EUR/USD looks more optimistic as we enter into the European session today. The pair is now 1.0623 as we have exciting news later today - a speech by Chair Yellen.
Title: Re: Rosen's Daily
Post by: rosentray on February 14, 2017, 08:50:37 AM
CAD/JPY is trading right about between resistance and support in the shot-term outlook. The pair registered a move to the upside in the beginning of the month and has now reached immediate resistance in the face of 87.00

Short-term resistance is seen at prior highs at 88.80, while short-term support awaits at 84.78, the two latest lows.

The pair is expected to continue trading in that range due to low volatility and fundamentals. During the consolidation period, market participants would most probably wait for a break out of either sides before making their decision. However, the predominant trend is bullish with strong resistance at 89.00.
Title: Re: Rosen's Daily
Post by: rosentray on February 20, 2017, 04:20:56 PM
USD/PLN is trading to the upside since the beginning of February this year with price going from 3.9776 to a high of 4.0877. The pair is in a bull rally due to weak Polish fundamentals and respectively strong data coming from the US. Dollar bulls may try to bring it up to a first target at 4.1122. In that case, they would have to go through immediate resistance at 4.08.

On the other hand, Polish bulls have a slight advantage in current market environment due to the immediate resistance and weak volumes. They could push it down to major target of 3.9300. Bears have to go through a few support levels namely 4.0370, 3,9740.

The long-term trend remains bullish, the short-term is still bearish until we can get above 4.2800.
Title: Re: Rosen's Daily
Post by: rosentray on February 20, 2017, 04:21:55 PM
GBP/NZD opened the European session higher in comparison to last weeks levels. The pair reached an intraday high at current market price of 1.7372 and is now facing immediate resistance. The Sterling had a bad week last week when it depreciated against major opponents.

Now, the British currency appears to be gaining trust again. GBP/NZD is reacting bullishly to market conditions and now eyes are on first resistance level at 1.7480. Major bull target rests at 1.7710.

On the other hand, Sterling bears might attempt to bring it down below last week's level and close at 1.72. Major bear target is seen at 1.6895.
Title: Re: Rosen's Daily
Post by: rosentray on February 21, 2017, 11:47:09 AM
Silver is trading to the downside in today's session. The precious metal reached a low of 17.83 as an intraday low and is now trading at 17.88. Main trend on the short-term remains bullish and today's depreciation might be regarded as a correction before the move continues higher.

A factor that could be in favor of the continuation of the bullish move is the 200SMA and more specifically the fact that current market price is being supported by it. If price manages to stay above the 200SMA we might see improved bullish confidence in the metal and witness a move higher.

First bull target is seen at 18.50, major bull target is 19.80.
Title: Re: Rosen's Daily
Post by: rosentray on February 21, 2017, 11:48:10 AM
Gold bugs are having a time out today as the precious metal is decreasing in price due to a sharp upward move in the US dollar. Gold reached a low of $1,227 and is now trading at $1,230. Although the precious metal is down today, the bullish move remains intact.

Gold started to appreciate when it reached a low of $1,121 in December last year and went as high as $1,244 just a few days ago in the beginning of February this year.

Market sentiment remains bullish and we can expect the momentum to keep pushing the price up to a possible first target of $1,250, second important price level is the 200SMA which falls on $1,260 and major bull target is seen at $1,380.

On the other hand, if bears take control, price is expected to revisit first support at $1,200, second at $1,180 and third and major support at $1,130.
Title: Re: Rosen's Daily
Post by: rosentray on February 22, 2017, 04:12:53 PM
EUR/USD is trading below support in the preopening hours of the European session. The pair is now 1.0522 as it went below the support at 1.0540 yesterday. Euro bulls now have the task to bring the price up from current level which also happens to be a non-validated double bottom on the short-term. If they succeed, then price should be back in the uptrend channel sooner than later.

On the other hand, market participants are taking into consideration the upcoming FOMC minutes later today and that could have a drastic impact on the market, more specifically, the EUR/USD pair.

Until then, market could continue to gravitate towards current levels. Major support rests at 1.0440, while major resistance is located at 1.0720.
Title: Re: Rosen's Daily
Post by: rosentray on February 22, 2017, 04:14:21 PM
Gold is trading steady gravitating around $1,230 in anticipation of the latest FOMC meeting later today. Sharp moves can be expected.
Title: Re: Rosen's Daily
Post by: rosentray on February 22, 2017, 06:39:45 PM
USD/JPY went up today to an intraday high and current market price of 113.55. Price might continue to appreciate.
Title: Re: Rosen's Daily
Post by: rosentray on February 22, 2017, 06:42:42 PM
GBP/USD got beat down today on weak UK data. British GDP is 2.0% versus an estimated 2.2%. The pair went down from 1.2501 to a low of 1.2425 and is now trading at 1.2430.
Title: Re: Rosen's Daily
Post by: rosentray on February 24, 2017, 09:49:54 AM
EUR/USD is relatively higher in today's session. The pair went above 1.06 for a brief moment and is now back below it. Current market price 1.0570.
Title: Re: Rosen's Daily
Post by: rosentray on February 24, 2017, 09:51:38 AM
Gold is trading above $1,250 today, marking a strong week. The precious metal reacted bullishly to weak US economic data and the lack of major events.
Title: Re: Rosen's Daily
Post by: rosentray on February 27, 2017, 10:57:42 AM
Gold is trading at resistance today reaching a high of $1,258. The precious metal is having a good rally that started in the middle of December last year when price was $1,122. Although the big players such as George Soros and John Paulson ditched Gold last month on rumors that the Trump tidal wave will continue, the precious metal keeps rallying to new highs.


Price reached multi-month high on Friday when Gold touched $1,260, which also happens to be the 200SMA. The latest high marks the resistance in the medium-term outlook. Bulls, however, look determined to get over it as expectations for a strong 2017 for Gold continue.


If market closes above $1,260 today we would have a clear indication that current market level will be left behind. If price closes below $1,260 today, then it would be best to sell with tight stop or to wait for more certain times to buy in.
Title: Re: Rosen's Daily
Post by: rosentray on February 27, 2017, 11:02:00 AM
EUR/USD is trading relatively unchanged from last week's levels with price gravitating towards 1.0580. Market participants are looking forward to this week's events, a lot of major news coming out!
Title: Re: Rosen's Daily
Post by: rosentray on February 28, 2017, 06:47:01 PM
EUR/USD has been consolidating around 1.06 for the past few days. It seems that nothing is strong enough to drive the market participants in either directions. The pair made a high of 1.06289 today and is now back towards the 1.06 level.

If the price continues to consolidate we might see a loss of interest and a bearish takeover with first short-term target at 1.0522. Lower than that we might be heading towards parity, given that the Trump administration continues to boost market expectations.

On the other hand, if we get bad economic data this week from the US, Euro bulls will use the opportunity to push price higher to a possible first target at 1.0680.
Title: Re: Rosen's Daily
Post by: rosentray on February 28, 2017, 06:48:09 PM
Gold could not overcome the 200SMA and is now back below $1,260. Trend on the short-term might be turning into bearish.
Title: Re: Rosen's Daily
Post by: rosentray on March 01, 2017, 10:45:28 AM
Gold price fell below $1,250 today in the early European trading hours after the Federal Reserve raised expectations for a March US interest hike rate. Gold reacted bearishly to the statement and fell to a low of $1,242 earlier today.

Now the precious metal is trading at $1,245 as market sentiment is turning from bullish to bearish.

Technically speaking, Gold was not able to overcome the 200SMA and the falling has been going on since Monday when it reached $1,263.

Major bear target on the short-term is seen at $1,230, while the bulls target the levels around $1,260 and above in order for them to continue on their path.
Title: Re: Rosen's Daily
Post by: rosentray on March 01, 2017, 10:58:59 AM
EUR/USD slides to a low of 1.0525 as FED states that a March rate hike is on the table. The pair is now slightly higher at 1.0544.
Title: Re: Rosen's Daily
Post by: rosentray on March 02, 2017, 09:51:21 AM
GBP/JPY has been going up and down for the past few weeks with price fluctuating between 138 and 142 for a Pound. The pair is now trading at 140.26 and appears to be caught in a narrow range between the support and resistance levels on the short-term.

First and immediate support is seen at 138.80 which is also a double bottom, second support line is seen at 136.40 and third level rests at 135. On the other hand, the resistance levels are R1: 141.00, R2: 142.75, R3: 145.00.

The future of the UK remains unclear as major political events are yet to unfold. They will serve as an indicator for future performance and will shape the expectations of the market participants.

If PM Shinzo Abe decides it's again time to devaluate the Yen, then GBP/JPY will continue on it's way up.
Title: Re: Rosen's Daily
Post by: rosentray on March 02, 2017, 09:54:57 AM
EUR/USD is again depreciated and going towards 1.05 level. If that level is breached, major bear target is seen at 1.0340 and immediate support at 1.0480.
Title: Re: Rosen's Daily
Post by: rosentray on March 03, 2017, 09:51:30 AM
EUR/USD is trading relatively unchanged today gravitating towards 1.0520 in anticipation of the latest ISM Non-Manufacturing Composite data scheduled for later today. Another important market mover will be FED Chair Yellen's speech on the Economic Outlook.
Title: Re: Rosen's Daily
Post by: rosentray on March 03, 2017, 09:53:36 AM
Gold and Silver are both down this week putting an end to their strong bull rallies. Both the precious metal suffered the sell off due to a possible rate hike in March. Gold is now trading at $1,227 while Silver is trading at $17.68.
Title: Re: Rosen's Daily
Post by: rosentray on March 06, 2017, 06:56:55 AM
EUR/GBP reached the resistance zone on Friday and is still consolidating in the same range. The Euro reached a high of 0.8642 against the Sterling and is now trading at 0.8627. The pair made a good move to the upside from 0.8421 in the end of February but now it is facing a strong resistance on the short-term at current market price.

If bulls manage to power through 0.8650 there is a great chance the rally will continue to a major bull target at 0.90 in the long-term.

If bears take advantage of the weak volumes indicating a market turn, the pair might end up depreciating to a major bear target at 0.84.

No major EUR/GBP news are scheduled for today, so we might see a continuation of consolidation.
Title: Re: Rosen's Daily
Post by: rosentray on March 06, 2017, 07:00:56 AM
EUR/USD is trading at 1.06 in the preopening hours of the European session today. The pair is consolidating around that level in anticipation of this week's events, namely the NFP and jobs data scheduled for Friday. Current market price 1.0599.
Title: Re: Rosen's Daily
Post by: rosentray on March 07, 2017, 06:44:01 AM
USD/CHF appears to be caught in a range between 1.0140 and 1.0030. The pair has been consolidating since the beginning of February, right after it ended a short lived move to the upside going from 0.9870 to 1.0120.

The US dollar is now trading at 1.0116 for a Franc, again beating the Swiss currency on strong US fundamentals. The pair was below parity just for a few days before the US bulls took over and bought the dip.

Main trend on the short-term remains bearish with immediate target at 1.0140, a double bottom. On the long-term major bull target is seen at 1.0340.

On the other hand, if the US economy fails to provide data that meets the expectations, price will most certainly retreat to levels below parity with major bear target at 0.9850.
Title: Re: Rosen's Daily
Post by: rosentray on March 07, 2017, 06:46:18 AM
EUR/USD has consolidated around 1.0580 in expectation of this week's data. Market sentiment is predominantly bearish for the pair with major target at 1.0490. Below that, bears would have the advantage of weak support and the opportunity to go to parity.
Title: Re: Rosen's Daily
Post by: rosentray on March 08, 2017, 03:14:41 PM
EUR/USD reached lower today due to positive US data. The pair went to a low of 1.0532 and is now back up again above 1.0550 currently trading at 1.0560.
Title: Re: Rosen's Daily
Post by: rosentray on March 08, 2017, 03:15:39 PM
GBP/JPY has been trading in a narrow range for the last few weeks with price gravitating between 140 and 138. The pair got a a boost by strong US data released today, which drove investors to short-sell the Japanese currency and move over to the strong dollar.

Today, GBP/JPY reached a low of 138.40 and was supported by the fundamentals thus reaching an intraday high of 139.61. However, the move to the upside was short-lived as price has now retreated to lower levels around 139.30.

Main trend remains neutral and market participants would need to go above 140.50 or below 138.50 in order for a trend to begin a formation.
Title: Re: Rosen's Daily
Post by: rosentray on March 09, 2017, 08:05:37 AM
GBP/USD has been in consolidation ahead of activating the never-before-used article 50 that triggers a two year process of a country's decision to leave the European union. The UK prime minister, Theresa May, is expected to start the divorce this month.

The resolutions that will come out of the talks will, to a large extent, determine the future of the United Kingdom. All of this is being reflected in the GBP/USD pair as price has been trading around 1.2150-1.22 for the last few days.

There isn't a certain date when Article 50 will be triggered, so market participants are waiting in anticipation. The low volumes are expected to continue until we have something on the table.

Main support is seen at 1.20 while main resistance is way up at 1.27.

Title: Re: Rosen's Daily
Post by: rosentray on March 09, 2017, 08:08:10 AM
EUR/USD is trading steadily in the early European hours today with price around 1.0540. First support is seen at 1.0532, while first resistance is seen at 1.06.
Title: Re: Rosen's Daily
Post by: rosentray on March 10, 2017, 08:31:19 AM
EUR/USD continues to hover around 1.06 as market participants are expecting the latest NFP and jobs data. Price is expected to consolidate around current levels until the news release later today.
Title: Re: Rosen's Daily
Post by: rosentray on March 10, 2017, 08:32:52 AM
Gold keeps going South as price has now gone below 1.5-month low at $1,196. Now it appears that the future of the precious metal could be determined by the Federal Reserve's decision to raise the interest rates. If next week the Fed does just that, Gold would most likely get hit harder. If not, Gold can hold up.

Today Gold went below the psychological level of $1,200 as bears did not even face a hint of resistance. Immediate support rests at $1,193, the Fib level of 61.8 falls on $1,176 and major support is $1,142.

If Gold is fortunate enough to stop at one of those levels, bull targets are seen at $1,230, $1,265 and $1,300.

It is also important to weigh Trump's policies as a factor that will likely shift the Fed's outlook.
Title: Re: Rosen's Daily
Post by: rosentray on March 13, 2017, 07:16:19 AM
EUR/USD is trading to the upside in today's session after the pair started rallying in the end of last week. Price is now 1.0708 and market participants are expecting Mario Draghi's speech in Frankfurt later today.
Title: Re: Rosen's Daily
Post by: rosentray on March 13, 2017, 07:17:03 AM
EUR/CAD made an impressive rally to the upside. The pair has been trading with high volumes going higher and higher from the last week of February until now. Price back then was 1.3800 and the Canadian dollar is now trading at 1.4404 for a Euro.

What's interesting to notice is that the price has now reached a double bottom with the latest high at this level made in the end of November last year.

If price manages to power through the resistance level, bulls will have the upper hand in the trade with less obstacles in the way.

If, however, bears are able to halt the trend and turn it around, price might revisit prior support zones, the first of which is seen at 1.4220.

Have in mind that today's speech of ECB President Mario Draghi might have a high impact on the pair.
Title: Re: Rosen's Daily
Post by: rosentray on March 14, 2017, 07:31:29 AM
EUR/USD is now trading at 1.0638 in anticipation of tomorrow's US CPI and Retails Sales. The continuation of consolidation is expected to continue until the news release.
Title: Re: Rosen's Daily
Post by: rosentray on March 14, 2017, 07:32:14 AM
GBP/JPY continues to trade sideways with price fluctuating between 141.00 and 138.00. The pair entered into consolidation due to lack of fresh news that could drive investors and traders to either side.

Market participants are expecting the UK prime minister, Theresa May, to trigger article 50 this month and this is adding strength to the state of consolidation. Market sentiment remains bearish as price has been coming down from its 2015 high of 195.00.

Since then the market has been in a downtrend with a low of 122.40. Currently, the pair is trading at 139.80 in a predominantly bearish environment.

First support zone is seen at latest low around 138.00, first resistance is seen at 140.65. Bears need to close below 138.00 for the bearish trend to gain new momentum, while bulls need a close above 145.
Title: Re: Rosen's Daily
Post by: rosentray on March 15, 2017, 08:43:20 AM
EUR/USD is now trading at 1.0629 ahead of important US data to be released - CPI and Retail Sales. First support is now 1.06, first res 1.0655.
Title: Re: Rosen's Daily
Post by: rosentray on March 15, 2017, 08:44:21 AM
GBP/USD reached a high of 1.2256 in the early trading hours of today's session. The pair moved sharply higher from yesterday's low of 1.2105 and is now trading at 12230. Partially, the climb is influenced by today's vote in the Netherlands and on the other hand, the uncertainty that comes with triggering Article 50 this month. Obviously, some market participants are optimistic about the independent near-term future of the United Kingdom.

The spike, however, might prove to be short-lived as market often make what may seem like irrational moves ahead of important events. This might be regarded as a correction before the pair continues to move to the downside.

Major support is seen at 1.2000, while major resistance it seen at 1.2570.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2017, 07:25:11 AM
Gold turned out to be the biggest gainer from yesterday's rate hike, alongside with Silver. Gold went from $1,199 to $1,227 this morning. It appears that market participants are getting optimistic about the future of precious metals.

Silver also registered a gain going from $16.82 to $17.49. A continuation of the upward move can be expected as we do not expect any major news or events that can shake the market at least until the end of the week. One mid-impact event is the Michigan Conference scheduled for Friday this week.
Title: Re: Rosen's Daily
Post by: rosentray on March 16, 2017, 07:25:50 AM
The Federal Reserve raised the interest rates yesterday with 0.25 basis points. The US dollar reacted strongly bearishly on the announcement and the EUR/USD spiked to a high 1.0747 from a low of 1.0605.
Title: Re: Rosen's Daily
Post by: rosentray on March 17, 2017, 08:09:41 AM
EUR/USD is somewhat unchanged today after an upbeat second half of the week due to the rate hike on Wednesday. CMP 1.0757.
Title: Re: Rosen's Daily
Post by: rosentray on March 17, 2017, 08:16:18 AM
Gold bugs ignited the spark that set the precious metal on fire after the Fed raised rates. Gold reached a high just a few points shy of $1,235 and is now trading at $1,227. Silver is also higher at cmp 17.29.
Title: Re: Rosen's Daily
Post by: rosentray on March 20, 2017, 07:40:31 AM
Gold opened higher in today's early trading hours before the European session. The precious metal has now reached a high of $1,235 as an intraday high and is now trading slightly below at $1,234. Main trend on the short-term remains bullish due to the green light given by the Fed. The rate hike turned out to be very beneficial for Gold, as well as Silver, and now the metals rally.

A correction might be expected around $1,243. If that level is taken over, the latest top at $1,262 becomes a target and also a mid-term resistance level. The bulls will need to push above the 200SMA that falls around $1,260 if they want to conquer higher levels.

Bears, on the other side, have a first target of $1,214, second target is seen at $1,190 and major bear target is expected at $1,145.
Title: Re: Rosen's Daily
Post by: rosentray on March 20, 2017, 07:45:14 AM
EUR/USD is now trading higher at 1.0770 up from 1.0755 in the opening hours. The pair might be on its way to appreciation after the Fed raised the Interest rate last week. Major bull target is seen at 1.0836.
Title: Re: Rosen's Daily
Post by: rosentray on March 21, 2017, 02:47:30 PM
EUR/USD continues to climb higher in today's session. The price is now trading at 1.0815 in the early minutes of the US session. First resistance can be expected at 1.0826.
Title: Re: Rosen's Daily
Post by: rosentray on March 21, 2017, 02:48:35 PM
Gold is having a bullish day today going from $1,227 to $1,241 just minutes before the opening of the US session. As stocks open flat, the precious metal has the chance to rally to first bull target at $1,250. If market participants favor the move in Gold, we might even see an attempt to visit the upper trend line on the short-term at $1,270.

On the other hand, bears are expecting another high before they get the chance to sell at a higher point. First bear target is seen at $1,225, while major bear target rests at $1,192.

A lot of market experts and analysts are recommending to go away from the Gold market and invest in the US dollar and equities with the hopes of a continuation of the Trump wave. However, as we can see, the US dollar is currently going down, while Gold rallies.
Title: Re: Rosen's Daily
Post by: rosentray on March 22, 2017, 08:13:06 AM
EUR/USD is now trading at resistance in the short-term as the pair seems to have reached the point of a turn around. The price is now 1.0805, a bit lower from yesterday's high of 1.0820. Main trend, however, still remains bullish until we can confirm that bears have taken over and reversed the trend.

Immediate resistance rests at 1.0830, which can either ignite the spark for more momentum in the bull camp or be an opportunity for bears to sell at higher levels. The 1.0830 level is seen as a double top so that gives an edge to bears.

On the long-term price is expected to fluctuate due to high volatility caused by the implementation of the policies of President Trump and the divergence between his outlook on taxes, reforms and overall economic development compared to the views of Fed's Chair Janet Yellen.
Title: Re: Rosen's Daily
Post by: rosentray on March 22, 2017, 08:15:08 AM
USD/JPY reached a low below 111.30 thus piercing the double bottom that was expected by some traders at 111.50. The pair is now 111.33 as the USD looks very weak and vulnerable.
Title: Re: Rosen's Daily
Post by: rosentray on March 23, 2017, 09:49:03 AM
 EUR/USD is trading slightly lower today after it reached close to 1.0830 earlier this week. The pair is now 1.0775 and it appears that it may continue lower.
Title: Re: Rosen's Daily
Post by: rosentray on March 23, 2017, 09:58:30 AM
AUD/USD continues to trade lower today. After the pair reached a high of 0.7750, the Australian dollar started to depreciate against its peer. Current market price 0.7625.
Title: Re: Rosen's Daily
Post by: rosentray on March 24, 2017, 10:34:07 AM
EUR/USD is now trading at 1.0807, slightly higher than yesterday's levels. First res: 1.0830, first support: 1.0770.
Title: Re: Rosen's Daily
Post by: rosentray on March 24, 2017, 10:42:49 AM
Gold entered into consolidation mode in the second half of the week. Price is now $1,244 and it appears that the precious metal will continue trading sideways until news stir the Gold market.
 
Title: Re: Rosen's Daily
Post by: rosentray on March 27, 2017, 07:20:01 AM
The Euro is going higher today as price reached a high of 1,0851. The pair might try to reach the 200SMA at 1.0880. Should this happen, bears can take control and bring it down.
Title: Re: Rosen's Daily
Post by: rosentray on March 27, 2017, 07:21:07 AM
Gold opened the early trading hours of the week with a new and improved momentum. The precious metal reached a high of $1,258 and is now trading slightly below it around $1,257. Main trend on the short-term remains bullish as price has made significant progress going from sub $1,200 to $1,257 in times when market experts expect the domination of the US dollar to continue.

Gold is proving them wrong with every new intraday high. First bull target is seen at $1,265, which marks a double top and bears may try to jump on it for a reversal of trend.

If that level is broken, Gold is looking to levels around $1,290-$1,300 as major target for the mid-term.

This week we expect little involvement of fundamentals into the market. The most important news for the week are stacked on Tuesday - Advance Goods Trade Balance, Consumer Confidence, Fed Chair Janet Yellen Speech.
Title: Re: Rosen's Daily
Post by: rosentray on March 28, 2017, 08:07:16 AM
USD/JPY continues to trade to the downside in today's session. The pair registered a low of 110.10 yesterday and is now slightly higher at 110.70. However, main trend on the short-term remains bearish with very limited upside potential.

Bear camp has the advantage of a broken support level at 110.90 and now their first target is seen at 109.10. If we can reach that level, bulls might try to buy the dip.

Should the 109.00 level be broken, bears will have the momentum to continue pushing the pair down to major target at 105.

First support is seen at 109.30, first resistance is seen at 111.60.
Title: Re: Rosen's Daily
Post by: rosentray on March 28, 2017, 08:09:09 AM
EUR/USD is trading lower since yesterday's high close to 1.09. The pair is now 1.0854 and it looks like US bulls are trying to take over again. First support is seen at 1.0820.
Title: Re: Rosen's Daily
Post by: rosentray on March 29, 2017, 09:11:40 AM
USD/JPY reached a high of 111.31 earlier today and is now gravitating towards the 111.00 levels. The pair reacted bullishly to yesterday's fundamentals and was picked up from a low of 110.10. Main trend on the short-term remains bearish with first bear target seen at the latest low.

Market sentiment appears to have shifted from bullish US dollar to bearish. USD/JPY was trading around 115.50 before Fed Chair raised the rates earlier this month. The rate hike affected the US dollar in a bearish way causing its peers to gain strength and momentum.

Not the US dollar looks a bit beaten down and it would need strong fundamentals or technicals so that it may shine again.
Title: Re: Rosen's Daily
Post by: rosentray on March 29, 2017, 09:15:22 AM
EUR/USD depreciated today going from a high of 1.0906. The pair is now 1.0783 and it appears that the trend for the short-term has shifted from bullish to bearish. The US dollar is gaining strength again.
Title: Re: Rosen's Daily
Post by: rosentray on March 30, 2017, 09:18:48 AM
GBP/USD is trading relatively unchanged after prime minister Theresa May triggered Article 50 yesterday. The initial step of the two-year process has been taken and now Brexit is officially confirmed.

Article 50 gives both the UK and the EU two years to reach agreement, meaning that the UK will leave on 29 March 2019, unless the sides agree to extend the period.

The GBP/USD pair reacted somehow neutral with a low of 1.2374, down from 1.2480 and currently trading at 1.2425.

As it turns out, the Art 50 triggering was a non-event, partially because market participants already knew about it and it did not come as a surprise. What happens next will determine how big of an impact will the process have on the UK economy and the UK currency.
Title: Re: Rosen's Daily
Post by: rosentray on March 30, 2017, 09:21:12 AM
EUR/USD is trading lower in today's session currently at 1.0737. The pair seems to be losing ground as the US dollar is again gaining strength. First bear target is seen at 1.0700.
Title: Re: Rosen's Daily
Post by: rosentray on March 31, 2017, 02:27:00 PM
EUR/USD is trading relatively unchanged today. The pair consolidated around 1.07 and currently trading at 1.0690. The weekly closing price is expected to be around current levels as no more news are anticipated.
Title: Re: Rosen's Daily
Post by: rosentray on March 31, 2017, 02:29:01 PM
USD/JPY depreciated from 112.20 to a low of 111.54 and is currently trading at 111.56. The pair faced resistance and bears were able to bring it down. Main trend on the short-term has shifted from bullish to bearish.
Title: Re: Rosen's Daily
Post by: rosentray on April 03, 2017, 04:06:31 PM
EUR/USD is trading lower today, current market price 1.0647. The pair seems to be losing ground. If bears manage to push it below prior pivot point at CMP, immediate support will fail and next level would be 1.0580.
Title: Re: Rosen's Daily
Post by: rosentray on April 03, 2017, 04:07:11 PM
Gold is having a volatile Monday with open price at $1,246, a low of $1,244 and currently trading at its highest - $1,252. The precious metal is trying to beat the odds and had a very strong first quarter despite the many analysts and market experts who predicted that the US dollar will push down the price of Gold.

Since the start of 2017, Gold is up about 8.70%, or just a bit over $100. Gold opened at $1,150 and had it's high in the end of February at $1,264. Main trend on the short term remains strongly bullish. First level bulls need to take care of is $1,265, then comes $1,290.

Bears will use the opportunity to sell at $1,265 which means that the same is a good short entry. Bears major target is the 38.2% Fibo at $1,210.
Title: Re: Rosen's Daily
Post by: rosentray on April 04, 2017, 02:13:36 PM
EUR/USD had some bad days recently as price went down with more than 250 points in the last couple of weeks. The pair went from 1.09 to a low of 1.0635 in a matter of a few days due to strong data coming out of the US. Also, technicals played a significant role as the pair circulated around the 200SMA. Bulls were unsuccessful in their attempt to go beyond it and bears took over.

The pair hit the prior pivot point at it's lowest today and was immediately backed up by the bulls who took the chance to go long and buy the dip. Price is now 1.0655 and has a good chance to continue up for the short term.

However, if bears break the support at 1.0630, the pair will most likely be vulnerable and this will increase the chances for it to go South.

Title: Re: Rosen's Daily
Post by: rosentray on April 04, 2017, 02:24:58 PM
NZD/USD is having a hard time recently trying to keep up within the upward trending channel on the long term outlook. The pair reached support in the beginning of March at 0.6955 and went below the channel. Then somehow it managed to get back in sharply. Unfortunately for the bulls, the pair was inconsistent and started trading sideways until it gave up.

Today, the pair broke the support level again, indicating that the move to the downside may not be over. Price is now 0.6975 and the bearish momentum continues to gain strength.

First bear target is seen at latest low at 0.6885, while bulls' target is to get back in the trend. The economic US news this week might give a hint on the direction of the pair.
Title: Re: Rosen's Daily
Post by: rosentray on April 05, 2017, 08:04:50 PM
GBP/USD is not showing any clear signs indicating where it will head next. After Article 50 was triggered, the pair did not react in any way thus causing traders and investors to guesswork their direction.

What actually happened after Art 50 was a consolidation in a narrow channel between 1.2570 and 1.2370. The pair is now trading at 1.2482, right in between the upper and lower trading line.

Major bull target is seen at 1.2670, while major bear target rests at 1.2040. Today's GBP news turned out to be positive for the UK and that reflected in appreciation of the pair, but only mildly. Sterling bulls will need something stronger in order for them to power through and reclaim their level above 1.27.
Title: Re: Rosen's Daily
Post by: rosentray on April 05, 2017, 08:07:50 PM
EUR/USD continues to trade sideways with price gravitating towards 1.0670. This week's events will probably give a direction to the pair.
Title: Re: Rosen's Daily
Post by: tugatrader on April 06, 2017, 01:59:18 AM
EUR/USD faces an interesting resistance at 1.0682. I am curious to see if it breaks the next time or bounces back again
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2017, 03:43:01 PM
EUR/USD is trading lower today. The pair seems to be losing ground on a stronger US dollar. CMP 1.0617.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2017, 03:54:18 PM
EUR/JPY continues to trade in the range between 117.90 and 117.50. The pair looks prone to the downside as bears try to take over and break the support line.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2017, 11:33:36 PM
EUR/USD has potential to go up in the next trading week. Potential bull target 1.07.
Title: Re: Rosen's Daily
Post by: rosentray on April 07, 2017, 11:34:54 PM
USD/CHF reached a resistance level at current market price. Major bear target is seen at 0.9900.
Title: Re: Rosen's Daily
Post by: rosentray on April 10, 2017, 10:38:31 AM
EUR/USD is trading at support in the early European hours of today's session. The pair is currently trading at 1.0583 with a low of 1.0570. Bulls are now trying to bring it up backed by strong fundamentals and strong short-term technicals.

What gives bulls confidence is the lower than expected non-farm payrolls - 98,000, well below expectations of 180,000. The US dollar, however, did not react negatively at all and it kept appreciating against the single European currency.

The pair is looking to appreciate if current level holds. If the US dollar goes below 1.0550, then the bullish run would be considered invalid. Bulls have the upper hand in the situation and are looking to potential first target at 1.0690.
Title: Re: Rosen's Daily
Post by: rosentray on April 10, 2017, 10:39:59 AM
USD/CHF is trading at resistance gravitating towards 1.0095. The pair will need to break above 1.0120 in order for the bullish run to continue, otherwise bears will take control and bring it down below parity.
Title: Re: Rosen's Daily
Post by: rosentray on April 10, 2017, 09:20:13 PM
EUR/USD keeps on gravitating towards the 1.06 level. The pair broke 1.06 and reached a high of 1.0606 a few hours ago. Current market price 1.0591.
Title: Re: Rosen's Daily
Post by: rosentray on April 10, 2017, 09:36:38 PM
pair slowly started to depreciate, so far confirming the change of trend. USD/CHF appears to be looking South as price is getting back into the descending trading channel.

Current market price is 1.0080, intraday high reached 1.0107 and that was the moment when bears took control and brought it down again. It is still early to confirm that the pair has changed direction. It would be a good indication if today's close is below 1.0080.

Should the bear take over, the pair is expected to go below parity. Short term target is seen at 0.9953 while major bear target is seen at 0.97. The latest US news indicate weakening economy and that could be enough to drive investors away from the US for a while until economic conditions improve.
Title: Re: Rosen's Daily
Post by: rosentray on April 11, 2017, 09:25:53 AM
Gold looks ready to regain investors' confidence as US equities consolidated and the US currency is weakening due to lower than expected economic data. Last week the NFP failed to deliver something to hold on and the effect is only now starting to be visible in the markets.

Gold made its last low at $1,247 and is now trading at $1,257 with a daily high of $1,258.70. The precious metal has been rallying since $1,195 in the beginning of March. Now, one month later, Gold is at a high of $1,270.67.

If the US dollar continues to depreciate, Gold will continue to appreciate. First target for the bulls is seen at last high of $1,270, which also can be considered a triple top by some analysts. After that level is reached, next target is $1,288 and then the psychological $1,300.
Title: Re: Rosen's Daily
Post by: rosentray on April 11, 2017, 09:30:31 AM
EUR/USD appears to be strengthening in price. The pair is now 1.05977. First bull target is seen at 1.0828, second rests at 1.10.
Title: Re: Rosen's Daily
Post by: rosentray on April 12, 2017, 07:53:50 AM
EUR/USD is going higher today after a few days of consolidation around 1.06. The pair is now 1.0616. First bull target is seen at 1.0625.
Title: Re: Rosen's Daily
Post by: rosentray on April 12, 2017, 08:05:19 AM
Gold reached a high of $1,279. The precious metal may take a breather now and consolidate between $1,270 and $1,280 until Friday when important US data is coming out.
Title: Re: Rosen's Daily
Post by: rosentray on April 14, 2017, 08:25:40 AM
Gold reached it's highest point since the election day in the US on Nov 9. The precious metal then reacted bullishly to initial results and after that went downhill due to the strong US dollar and rallying US equities.

Gold made a low of $1,122 on Dec 15 last year and since then it has been gaining in price. Gold is now $1,287 and is trading at the upper trendline on the medium term outlook.

If the level holds, we might see bears taking over the Gold market and pushing the price down to a first support zone at last low of $1,246. However, the trend seems solid and we might more likely see the metal going higher to a first and very important level - $1,300, the psychological target.

Today's US data might give the metal a more certain direction.
Title: Re: Rosen's Daily
Post by: rosentray on April 14, 2017, 08:29:19 AM
EUR/USD is now trading at 1.0615 amidst mild volatility ahead of the US CPI and Advanced Retail Sales data.
Title: Re: Rosen's Daily
Post by: rosentray on April 17, 2017, 08:32:14 AM
USD/CAD reacted strongly to last week's support when the pair briefly touched the support line at 1.3220 and then went to the upside. The gains, however, might turn out to be short-lived. After the initial impact, USD/CAD went to a high of 1.3342 and then the momentum disappeared.

The latest lower than expected US data that came out on Friday, the CPI and ARS, reflected in the price of the US dollar. USD/CAD is currently trading at 1.3297, down some 50 points until now.

The opening hours of today's session can be described as hours of low volatility and insignificant moves that could help traders and investors gain some insight about market sentiment and overall market conditions.
Title: Re: Rosen's Daily
Post by: rosentray on April 17, 2017, 08:34:15 AM
EUR/USD is trading slightly higher in today's early European hours. The pair is currently at 1.0635 as market participants are getting ready to return to the markets after a few days of rest and low volumes.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2017, 07:40:59 AM
The speech by the UK Prime minister Theresa May focused on holding general elections on June 8. The news initially drove investors away from the Sterling but just a few minutes before the speech ended, the Sterling skyrocketed leaving all bears caught by surprise.

One of the most influenced pairs was the GBP/.CHF pair which reacted bearishly right at the resistance line at 1.2640. The pair reached a low of 1.2551, then spiked to a high above 1.2683.

Economic growth, according to Theresa May, has exceeded all expectations and the leaving of the EU would not be a disaster as expected by many people.

Other GBP pairs were also influenced by the speech. GBP/USD is now 1.2664. Overall, a very positive reaction in the Bullish camp of the UK currency.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2017, 07:45:15 AM
EUR/USD is trading higher today after a good start of the week yesterday. The pair reached a high of 1.0735 and is now trading slightly lower at 1.0724.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2017, 04:17:58 PM
USD/JPY has been trading to the downside ever since it reached its peak post-elections when Trump became president. The pair reached a high of 118.60 on Dec 16 and then slowly started to depreciate until recently when it made its lowest point at 108.11.

The pair is now 108.99 and it seems that the support level has successfully managed to hold the bears from destroying the trend. More important, however, is the fact the Yen has been depreciating against all of its peers.

The Yen is trading at support against the Australian dollar as well so we might expect a change in direction. The GBP/JPY pair is the only one that is going to the upside due to the unexpected announcement about the UK General Elections in June.
Title: Re: Rosen's Daily
Post by: rosentray on April 19, 2017, 04:23:08 PM
The EUR/USD pair had a relatively calm day today. The move to the upside seems hard to continue so the pair traded sideways. Current market price: 1.0714, support 1.0680, resistance 1.0750.
Title: Re: Rosen's Daily
Post by: rosentray on April 20, 2017, 07:55:45 AM
USD/CAD is trading to the upside this week as price reached a high of 1.3489. The pair seems to have gathered enough momentum to keep it going. The Canadian dollar has been weakening and this is the main reason the price is advancing.

On the other hand, the US dollar is also having a period of depreciation as it is losing points to its peers. USD/CAD reached the 200SMA last week at 1.3223 and is now getting closer to the double top at 1.3534. This would be a good time to enter short in the market.

If that level of resistance holds, first bear target is seen at 1.3240, which would be a retest of the 200SMA. Next target would be the support line at 1.3140. If the bulls turn out to be stronger, price will be heading to major bull zone at 1.3842.
Title: Re: Rosen's Daily
Post by: rosentray on April 24, 2017, 03:26:55 PM
For the first time in 5 months the Euro went as high as 1.0920. The pair reacted to news coming from the French election day where the French nation chose Macron as the first one to go to second round against Le Pen.

The different views of the candidates are what made the spike in the Euro Dollar so obvious. Macron is Pro-European and focused on close partnership with the European union, whereas Le Pen has the potential to create a Frexit, after the Brexit.

Macron boosted the European currency as well as European stocks. The Euro went as high as 1.0920 against its major competitor - the US dollar. Currently, trading price is gravitating towards 1.9865.

Main trend on the short-term remains bullish.
Title: Re: Rosen's Daily
Post by: rosentray on April 25, 2017, 09:35:22 AM
The Sterling is close to its 7-month high as the GBP/USD pair has been rallying on technicals and fundamentals combined. On the technical side, the pair registered a low of 1.1920 on Oct 7 and since then it has been trading in the wide range between 1.20 and 1.27.

The pair had a double bottom at 1.1980 on Jan 16, ever since then it's been swinging for the fences. Latest high was registered a few days ago on April 19 at 1.2902. Current market price is 1.2811 and it appears that the price has consolidated in the last week around 1.28-1.2850.

Main trend remains strongly bullish and if the bulls manage to go above the resistance line at 1.2950 we might see a renewed momentum to the upside.

On the other hand, bears might try and use this as an opportunity to push it lower to first bear target at 1.2730.
Title: Re: Rosen's Daily
Post by: rosentray on April 26, 2017, 08:55:20 AM
GBP/JPY has been trading to the upside for the past couple of weeks as price advanced from 135.57 to the latest high made yesterday at 143.01. The Sterling rallied on the news that the United Kingdom will be having General election on June 8.

Market participants favored the announcement made by the UK Prime minister Theresa May and the Sterling climbed up against all of its competitors.

Currently, the GBP/JPY pair is trading somewhat lower at 142.70 but momentum is still bullish and has the potential to bring the pair up to resistance at 144.00.

If that level is reached, bears may take action and try and bring it down to potential first target at 142.50. On the other hand, if bulls are able to keep the momentum going, the pair may go to a high of 145 as first target.
Title: Re: Rosen's Daily
Post by: rosentray on April 27, 2017, 09:16:44 AM
Gold has been declining for the past couple of weeks due to a strong technical boundary. The precious metal reached the level of $1,295, which comes just a few points above the resistance. Since then it started to depreciate with rapid pace to a low of $1,259.

Currently, Gold is trading at $1,264, some $30 lower than it's 6 month high made on April 17. The precious metal still needs the support of the bullish camp, moreover now when it's right at the 200SMA.

Weekly time-frame shows how strong the resistance really is. We see that the latest high came at the same resistance line that goes back to the all time high of $1,920. If we can get past $1,300 we might see a renewed positivism in the Gold market.
Title: Re: Rosen's Daily
Post by: rosentray on May 02, 2017, 11:38:38 AM
AUD/CAD met the resistance level at 1.0317 this morning before the European session opened. The pair immediately and gracefully retreated from the resistance zone and is now trading slightly below it at 1.0285.

Bears will try to take control over it now and push it further down. First potential target zone is eyed around 1.0250 which would be considered a prior pivot point if we can get a bounce off of it.

If that level does not hold, major bear target on the short-term is expected at 1.0100. This would be considered the potential bounce point where bulls will try to sustain the uptrend channel.

However, a break below this point would invalidate the upward trend and put more pressure on the pair.
Title: Re: Rosen's Daily
Post by: rosentray on May 04, 2017, 07:27:14 AM
USD/JPY is currently at a crossroad between breaking the downward trend and confirming it. The pair is now trading at 112.78 which marks the resistance level on the medium term, namely, the trend that started in the beginning of January. Since then, the USD/JPY pair has been going South as price is obediently trading in a descending channel.

What traders and investors now anticipate is whether the line would be broken. A break above 113 would put some pressure on bears as this could be a possible discontinuation of the trend and the formation of a new uptrend move.

On the other hand, if price remains in the channel, bears would attempt to bring it down to potential target at 110.10, second target is expected at 108 and major short-term target is 107.
Title: Re: Rosen's Daily
Post by: rosentray on May 05, 2017, 04:14:21 PM
Latest NFP's and Market Reaction
The latest NFP and Unemployment data is out:

USD Unemployment Rate (APR)

Actual: 4.4%
Survey: 4.6%
Previous: 4.5%

USD Change in Non-farm Payrolls (APR) comes in better than expected.
Actual: 211k
Survey: 190k
Previous: 79k

The aforementioned data was not enough to drive investors interest back to the US dollar and after the news release all USD pairs ended up with little to no change. Currently, the EUR/USD pair is trading higher than pre-news. Price is now 1.0989, a level marking the weekly high.

If the pair closes around current market price, next week could turn out to be a continuation of the upside move in the EUR/USD.

Above 1.10 would be an indication that market participants are drifting away from the US currency in regards to the rumors about a rate hike in June.
Title: Re: Rosen's Daily
Post by: rosentray on May 08, 2017, 04:09:46 PM
The EUR/USD pair opened with a gap again in the opening seconds of the trading session as traders and investors saw a new opportunity to go long based on the results of the French elections. The elected President is Emmanuel Macron with 66.1% of the votes.

The initial reaction in the EUR/USD was a sharp appreciation to a high of 1.1020, highest since the Presidential elections in the United States on Nov 9.

What's surprising for most market participants is that the positive reaction in the Euro did not last long. The effect lasted just a few hours before the pair started to depreciate. EUR/USD is now 1.0928 and it looks like the momentum has been lost.

What's needed now is fresh news such as weak US data or strong EU data in order for the pair to continue climbing above 1.10.
Title: Re: Rosen's Daily
Post by: rosentray on May 09, 2017, 02:02:50 PM
USD/JPY is on its way to conquer new highs. The pair reacted strongly bullishly to the bounce off of the 200SMA in mid-April when it reached a low of 108.13 and has been appreciating since then. It is now trading above 114 for the first time since mid-March.

If the bulls keep on pushing the pair, the first target is seen at 115.50 which has the potential to form a double top and put in motion the bear instincts to short the asset.

If that level is broken, then the next one is seen at 117, which falls on the upper trendline of the downtrend trading channel. This level would be harder to breach as it has stopped the bulls multiple times.

Recently, the US dollar has been showing signs of strengthening surprisingly right after the French elections when market participants expected the Euro to dominate the currency market.
Title: Re: Rosen's Daily
Post by: rosentray on May 10, 2017, 08:53:06 AM
The Yen has been going down against all its peers lately. The EUR/YEN pair is rallying since mid-April when price was a bit below 115. Then the French elections gave some boost to the Euro causing the pair to gap open in the end of April.

Currently, EUR/YEN is trading at 124.20 and although it made a minor move down yesterday, bulls have successfully managed to put it back up to the latest high at 124.50.

If the last high is broken, the pair would most likely continue to first bull target at 125.00. It is expected that bears will try to take control over it and make a corrective wave which could cause the pair to reduce in price to first probable target at 120.00.

The pair has made a great rally going about 1000 points in less than a month. Currently, the levels are a decisive factor for the future progress of the pair.
Title: Re: Rosen's Daily
Post by: rosentray on May 11, 2017, 08:47:31 AM
USD/CAD is having a strong rally that started since the pair was at support at 1.32249 just about a month ago. Today, the pair is 1.3714, marking a bull run with close to 500 points movement. Main trend on the short-term is expected to stay bullish if bulls manage to climb above the resistance at 1.38, which could be considered a double top.

On the other hand, bears might attempt to push the price down to first support zone at 1.36, second support zone at 1.3210, and major support zone at 1.30.

If they get above 1.38, then first target level is eyed at 1.3860. Technically, the pair is now in its highest point since February 2016 when the pair dived with more than 2500 points from 1.48 to below 1.25.

Partially, the appreciation of the pair is due to the depreciation of the Canadian dollar. Although, the US dollar also had its weak points recently, the USD bulls were able to sustain the momentum in the pair and keep it going up.
Title: Re: Rosen's Daily
Post by: rosentray on May 15, 2017, 12:03:24 PM
GBP/JPY is currently hesitating whether it should continue its move to the upside. The pair rallied from  135.60 in mid-April to a high of 148 last week. Since then, the Sterling has been taking a breather doing some correction moves and consolidation around the level of 146.70.

If the continuation continues with hints of going to the upside, first potential target is seen at 148.50, which forms a double top. If that level does not hold the bulls, second and stronger level is 150.

Well above the 200SMA, GBP/JPY has a strong momentum to the upside as the bull camp seems determined to push it higher.

The corrective wave might be expected to continue until tomorrow when the UK will release the GBP Core CPI and CPI data.
Title: Re: Rosen's Daily
Post by: rosentray on May 17, 2017, 08:35:58 AM
In the last few days we have been witnessing the ascent of Gold as the precious metal registered a climb from a low of $1,214 to a high of $1,245. The latest was made in the early trading hours of the Asian session today and now price is slightly lower at $1,242.

With the depreciation of the US dollar, traders and investors have eyed the precious metals as diversification and safe haven. Bulls are in control currently as Gold is trading in the ascending trading channel on the medium term. First bull target is seen at $1,257 and major for the short-term is $1,275. Above that, Gold would be exposed to the bullish momentum away from the noise below $1,300.

If, however, the US dollar starts to climb again we may see a retreat from the Gold market which could substantially lower Gold's price. Support is seen at $1,220.

Silver is also in the green this week as price advanced from $16,04 to a high of $16.96.
Title: Re: Rosen's Daily
Post by: rosentray on May 18, 2017, 08:30:13 AM
USD/JPY appears to have discontinued the short-term upside trend as price decreased from last week's high of 114.26 to today's low of 110.48. Despite the rapid drop in price, the USD/JPY pair remains in its uptrend long-term channel that started in the end of June last year.

Currently, USD/JPY is trading at 111.17 and it seems that bears will try to test the support level resting slightly below the 200SMA at 108.40.

No major news are expected today so market participants might rely solely on technicals and price behavior in order for them to make investing and trading decisions.

Tomorrow fundamentals are also not playing a role so we can expect a silent consolidation around current levels.
Title: Re: Rosen's Daily
Post by: rosentray on May 29, 2017, 10:30:55 AM
Gold has been trading in an uptrend for the past three weeks. The upward move started on May 9 when price was around $1,220. Since then, the precious metal has climbed to a high of $1,269.16 as bulls reacted strongly to the support taking advantage of the low volume and lack of selling.

Currently, Gold is trading at $1,267, a bit lower than its highest reach last week. If bulls continue on their way North, immediate resistance rests at $1,273, along a downward trendline that started in the middle of July 2016. If that level is broken, then major bull target is the $1,300 psychological level.

On the other hand, a failure to push price above the resistance would result in bears taking control over the Gold market with the intention to drag the price down and reverse the trend with first potential target at $1,245 and major target $1,230.
Title: Re: Rosen's Daily
Post by: rosentray on May 30, 2017, 01:55:58 PM
USD/CHF has been trading in a very choppy environment lately as the pair recently reached a low of 0.9691 on May 22. Now the pair is trading at 0.9765 marking a day of high volatility as price fluctuates between 0.9745 and 0.9808.

On the long term, the good news for the bulls is that the pair is back into the descending trading channel and a move to the upside might be expected. For the short term, however, price remains very unstable as market participants are now in a dispute who is going to take control over it.

If we can get a close inside the channel, we might expect the pair to gain momentum and start climbing towards first bull target at 0.9825.

If bears push the price down, first potential target would be the last low of 0.9690 and major bear target around 0.9550.
Title: Re: Rosen's Daily
Post by: rosentray on June 02, 2017, 09:01:33 AM
USD/CHF is trading below resistance ever since it passed the level of 0.9800. The pair has been outside the upward trading channel and looks like bulls would need strong support from fundamentals so that price could start to rise again.

Today's data will most likely have a big impact on all US pairs as we are anticipating the most important release of the month, i.e. the Jobs and NFP report.

Yesterday's initial jobless claims turned out to be higher than expected but that did not have any significant impact on the pair.

If today's news are in favor of the US dollar, we will probably see the USD/CHF return to the trading channel above 0.98. If not, the downside potential expands to a target below 0.9650.
Title: Re: Rosen's Daily
Post by: rosentray on June 05, 2017, 07:16:23 AM
AUD/JPY has been posting relatively mixed signals since late May as price fluctuated around 82.44. The pair consolidated around those levels with a low of 81.89 which happened to be outside the medium-term downtrend trading channel. Bears, however, couldn't sustain the momentum.

The pair is now back to the consolidation levels currently trading at 82.46, but the positive thing about the AUD bulls is that price is now back into the trading channel. This could mean that market participants might now endorse the idea to go North to first potential target at 84.00.

Should this level be reached, major bull target is seen at 85. The Australian dollar will need a lot of bull power to go to the other end of the trend. Important data is scheduled for tomorrow - RBA Interest Rate Decision (Jun) and that might give the pair certainty in direction.
Title: Re: Rosen's Daily
Post by: rosentray on June 07, 2017, 08:58:14 AM
EUR/NZD's price is currently sitting back at the 1.57000 support. We also have the ascending trendline close to price. We are watching this pair to see whether price gets rejected back by bullish buying momentum or breaks through by bearish sentiment. Today's candle doesn't indicate a rejection from support however, has held above. We will continue to watch the daily candle closes within his pair.

In order for bullish trend to continue, price needs to bounce off 1.56 level. Major bull target is seen at 1.63 which is the upper trendline in the long-term ascending channel.

On the other hand, if price breaks key level 1.56, we might be in for bearish continuation and potential major bear target at 1.47.

No news are scheduled for today for either pair which could mean that we are in for a calm day with low volatility and technical trading.
Title: Re: Rosen's Daily
Post by: Hilapur on December 11, 2018, 07:58:45 AM
Short and quick snapshots of daily price movement I find very useful. I find mostly interesting to see levels of support and resistance as analysed by other people and to compare it with mine. Can you please continue posting?