Let's Trade Together - Forex, Crypto and Stocks

For past couple of weeks Gold has turned to bearish after establishing a six-month high at 1392 approx on 17-Mar and started his downfall. A major factor that pushed this yellow metal through technical level was Fed chairman Yellen’s comments on 19 th of March 2014. Gold continued moving lower and reached 1285 level but did not breach this level as its getting a strong support from trendline. Also, by applying the Fibonacci retracement tool the 1285 matches with the 50% retracement level and Gold has retraced from here. Although a strong reversal signal seen on Gold’s Daily chart which is a “Bullish Harami” candle, it is a bullish reversal candlestick pattern which is moderately reliable and tell us that the trend is about to change. By following the trends the 50-period moving average crossed above the 200-period moving average and this is an additional negative indication which called “Golden Crossover.” However, the RSI (5) is giving us oversold signal and it is below 30 terr...

5 Events Could Cause Volatility Spikes Tomorrow Who needs the NFP Friday when we have FIVE major economic reports coming up tomorrow! Here’s what you need to know about tomorrow’s major events. BOE monetary policy statement (12:00 pm GMT) With the manufacturing, construction, and services PMIs printing mixed reports pound traders will likely look to the Bank of England (BOE) decision for direction. Unfortunately, the BOE isn’t expected to make any changes to its interest rate and monthly asset purchases. If this is the case then we’ll have to wait for the  Monetary Policy Committee  (MPC) meeting minutes to see what the central bank thinks of the economy. ECB monetary policy statement (12:45 pm GMT) In his last European Central Bank (ECB) press conference Draghi hinted that deterioration in inflation outlook or “unwarranted” tightening of short-term money markets could trigger action from the central bank. But with euro zone inflation, GDP, and PMI surprising to...