support/resistance

Hi Everyone , I am a Part Time Trader , have a great interest in Forex-Trading , I have a background in Economics (B.S). I fairly well understand the fundamentals of the economy and use technical analysis to take trading decisions. The Type of Technical Analysis I use is called Price Action such...

Drought can reduce crop yields There is a drought in West Africa. Will Cocoa prices rise? From November to February, a dry season has been observed in Côte d'Ivoire, Ghana, Nigeria, Togo and Cameroon. These five African countries account for three quarters of the world's cocoa production. This...

Demand for US wheat has increased The U.S. Department of Agriculture (USDA) noted an increase in demand for US wheat. Will Wheat prices rise? In its weekly report, the USDA wrote that US wheat exports amounted to 754 thousand tons, which has been the maximum weekly volume since August of the...

Lower pig supply bullish for LHOG Spread of African swine fever in China negatively affects supply of pigs in the world’s largest pork consumption market. Will the LHOG continue gaining? Still new cases of African swine fever (ASF) outbreak are being reported in China after the first case in...

Preparing for the meeting of the Central Bank of Norway The next meeting of Norges Bank will be held on December 13. Is there a possibility for the Norwegian krone to strengthen? On the USDNOK chart, it looks like a downward movement. Now, the Norges Bank’s rate is + 0.75%. Inflation in Norway...

Demand for biofuels may increase in Brazil A major ethanol producer in Brazil forecasts an increase in the proportion of sugarcane intended for biofuel production. Will sugar prices rise? The COFCO believes that world sugar prices will depend on the cost of fuel in Brazil. According to its...

Negative Hong Kong data bearish for HK50 Activities in Hong Kong’s private sector continued to slow in November. Will the HK50 continue declining? Latest Hong Kong economic data were negative: private sector activity slowed still more in November. Nikkei Hong Kong PMI dropped to 47.1 in...

Better than expected data support EURUSD Euro-zone producer prices and sales rose more than expected in October. Will the EURUSD recovery continue? Recent euro-zone economic data were better than expected: retail sales and producer prices rose more than expected in October. Retail sales rose...

Global rice shortage is expected The British company Economist Intelligence Unit (EIU) has published another review of the global rice market. Will Rice price continue to rise? According to forecasts of the EIU, the global rice consumption in the 2018/19 agricultural season will increase by...

The US and China can remove part of the mutual restrictions in foreign trade The leaders of the United States and China will negotiate at the G20 summit. Among other things, they will discuss issues of US soybean imports to China. Will SOYB prices rise? In April of the current year, China...

Colombia higher crop bearish for coffee prices Colombia coffee production rose in October while Uganda’s exports fell. Will coffee prices continue declining? Uganda’s coffee exports fell 8.1% in October 2018, the first month of the new 2018/19 season, over the same month last year to 350,743...

Lower pig supply in China bullish for LHOG Spread of African swine fever in China negatively affects supply of pigs in the world’s largest pork consumption market. Will the LHOG continue rising? The African swine fever is still a problem in China after the first reported case in August in...

Russia and the EU may reduce wheat exports In this review, we suggest considering the personal composite instrument (PCI) “Wheat vs the Russian Ruble”. It increases when wheat prices rise in the world market and the Russian currency weakens. Is there a possibility for the WHEAT/RUB to rise? A...

Positive euro-zone economic data support EURUSD Euro-zone producer prices rose more than expected and business activity expansion slowed less than expected. Will the EURUSD recovery continue? Recent euro-zone economic data were better than expected: business activity expansion slowed less than...