Gold /USD Technical Analysis /05.17.2013/ MBCFX

 Gold /USD Technical Analysis /05.17.2013/ MBCFX

 

The Gold/USD remain declining as we have mentioned din our technical analysis. and we expect further decline as confirmed by most of the technical indicators : Ichimoku, Stochastic, Parabolic SAR, and Williams Percent range indictor.

We also notice on the daily chart , the Gold/USD is going to form the Double Bottom pattern, and this would confirm the bearish trend of the prices, as it will decline to reach the general expected target at the  1320-1325 dollars per ounce.

So we recommend the yellow metal investors to wait and buy at the mentioned area.

 

GBP/USD Technical Analysis /05.17.2013/ MBCFX

GBP/USD Technical Analysis /05.17.2013/ MBCFX

 

 

The GBP/USD faced a strong barrier at the Ichimoku clouds area , this pushed the pair high to trade above the 1.52 level, and today  has reached the 1.5245 level.

 

However this rally is just a correction, as the general trend of the Cable is bearish, especially after it has breached down the ascending channel, this indicates that the pound will continue its downtrend movement towards the 1.5190 level, which represents the general expected target of this pair.

Gold /USD Technical Analysis /05.15.2013/ MBCFX

Gold /USD Technical Analysis /05.15.2013/ MBCFX

We notice that The GOLD/USD has formed a bearish trend through the Heiken Ashi indicator, we also followed the Divergence form on the daily chart, so we expect further decline of the gold , and the next expected  general target will be to the 1325 dollars per ounce.

Concerning today trading , we expect some increase of the Gold prices to retest the key support levels of 1426 and 1430.

 

We recommend our dear traders to register in our professional daily Newsletters, and start receiving the trading signals and real time alerts on:

• When to buy/sell
• Enter end Exit points
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• Technical / Fundamental analysis
• Support/ Resistance levels
• Economic calendar
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GBP/USD Technical Analysis /05.15.2013/ MBCFX

GBP/USD Technical Analysis /05.15.2013/ MBCFX

  

 

The cable ( GBP/USD )remains under selling pressure to trade  below the 1.52 level, due to the retreat of the US Dollar at the beginning of the European session, and we notice on the daily chart that the prices have succeeded in breaching down the ascending channel that we have followed since two weeks.

However the GBP/USD would represent good opportunities to buy as a correction step of the previous bearish trend, so we expect it will rise to reach the 1.5225 and 1.5240 levels, which will  represent good opportunities to short the pair.

We recommend our dear traders to register in our professional daily Newsletters, and start receiving the trading signals and real time alerts on:

• When to buy/sell
• Enter end Exit points
• Take Profit/ Stop Loss
• Technical / Fundamental analysis
• Support/ Resistance levels
• Economic calendar
• Major events to watch

Daily Forex News : EUR/USD Technical Analysis 05.15.2013/ MBCFX

Daily Forex News : EUR/USD Technical Analysis 05.15.2013/ MBCFX 

   

http://www.youtube.com/watch?v=SvAWTkjjLYo

We recommend our dear traders to register in our professional daily Newsletters, and start receiving the trading signals and real time alerts on:

• When to buy/sell
• Enter end Exit points
• Take Profit/ Stop Loss
• Technical / Fundamental analysis
• Support/ Resistance levels
• Economic calendar
• Major events to watch

Gold /USD Technical Analysis /05.14.2013/ MBCFX

Gold /USD Technical Analysis /05.14.2013/ MBCFX

The Gold/USD has started to form the bearish trend as we notice through the Heiken Ashi indicator , but it faced a strong support at the 30 minutes chart, which corresponds to the 1436 level,

 and we recommend our dear traders to monitor this level, and of the prices breached it down , this will conform the decline towards the ascending trend level which started since 10^th,   of May 2013 at 1433 $ per ounce.

Then it will decrease to the 1425 level.

We recommend our dear traders to register in our professional daily Newsletters, and start receiving the trading signals and real time alerts on:

• When to buy/sell
• Enter end Exit points
• Take Profit/ Stop Loss
• Technical / Fundamental analysis
• Support/ Resistance levels
• Economic calendar
• Major events to watch

EUR/USD Daily forecast technical analysis/ MBCFX/05/14/2013

EUR/USD Daily forecast technical analysis/ MBCFX/05/14/2013

http://www.mbcfx.com/news/news_en14_05.html

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