Wheat broke support area Further losses are likely Wheat today broke through the support area lying between the key support level 510.00 (lower border of the narrow sideways price range inside which the pair has been trading from September) and the support trendline from April. The breakout of the support area should accelerate the active […]
GBPCAD falling inside short-term impulse wave C Further losses are likely GBPCAD continues to fall inside the short-term impulse wave C, which started recently from the resstance area lying at the intersection of the key resistance level 1.7200 (which has been reversing the price from September) and the upper daily Bollinger Band. The active impulse […]
Over the past 24 hours, the crypto market has added $2 billion to its valuation, rising to $210 billion. The Bitcoin price has experienced a slight increase in price from $6,370 to $6,430, supported by a minor rise in daily trading volume. Still, the volume of the cryptocurrency exchange market remains weak, with the daily […]
On Tuesday afternoon, the markets managed to avoid the large-scale sale. The initial decline of the US stock indices by more than 2% was mostly redeemed. Index S&P500 lost 0.55%. In a moment Caterpillar And 3M shares were in decline significantly (by more than 10%). Strictly speaking, their reporting was not bad, but investors were […]
A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes. For now, a more than 7 percent fall this month in the S&P 500 index, […]
Cryptocurrency exchange and brokerage giant Coinbase has provided a major stamp of approval to one of several recently launched USD-pegged cryptocurrency “stablecoins” seeking to supplant tether (USDT) as the leader in this burgeoning market niche. The San Francisco-based Coinbase on Tuesday announced that beginning today, customers can buy, sell, send, and receive USD Coin, the […]
• Copper broke resistance zone • Further gains are likely Copper continues to rise after the earlier breakout of the resistance zone lying between the resistance level 272.00, 50-day moving average and the 50% Fibonacci correction of the previous sharp downward impulse 5 from July. The breakout of this resistance zone accelerated the active short-term […]
• CHFJPY broke key resistance level 117.00 • Further gains are likely CHFJPY continues to rise after the earlier breakout of the key resistance level 117.00 – which accelerated the active short-term impulse wave 3 from the start of September. The active impulse wave 3 is a part of the medium-term impulse wave (3) from […]
• NZDJPY broke daily down channel • Further gains are likely NZDJPY continues to rise after the earlier breakout of the resistance trendline of the daily down channel from June (which encloses the most of the active medium-term impulse sequence (C)). The breakout of this down channel should accelerate the active short-term corrective wave 4 […]
• Palladium rising sharply • Further gains are likely Palladium has been rising sharply in the last few trading sessions following the earlier breakout of the round resistance level 1000.00 (which was mentioned in our earlier forecast for this instrument). The breakout the resistance level 1000.00 accelerated the active short-term impulse wave 5 – which […]
American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly replaced by increased pressure. As a result, at the time of writing Nikkei225 loses 0.6%, Heng Seng has fallen by 0.8%. Futures for S&P500 have lost 0.1% on Thursday morning, being near 2910 […]
• Platinum broke resistance zone • Further gains are likely Platinum continues to rise after the earlier breakout of the resistance zone lying between the key resistance level 810.00 (which has been reversing the price from the end of August, as can be seen below) and the 50% Fibonacci correction of the previous sharp downward […]
• AUDUSD reversed from support zone • Further gains are likely AUDUSD recently reversed up from the support zone lying between the key, long-term support level 0.7200 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUDUSD chart below) and the lower weekly Bollinger Band. The […]
Despite the expansion of tariffs between China and the United States, global markets remain positive. MSCI Asia ex Japan adds 0.7% this morning; Hong Kong’s Heng Seng increases by 1.1%, although China announced the introduction of 5-10%-tariffs for the U.S. imports of up to $60 billion. S&P500 added 0.5% on Tuesday to the levels above […]
• GBPCHF reversed from resistance zone • Further losses are likely GBPCHF recently reversed down from the resistance zone located between the pivotal resistance level 1.2730 (which also reversed the price in August, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse 1 from July. […]
• Palladium broke key resistance level 970.00 • Further gains are likely Palladium recently broke above the key resistance level 970.00 (which has reversed the price multiple times from the end of August, as can be seen below). The breakout of the resistance level 970.00 is following the earlier breakout of the resistance zone lying […]
Trump’s administration announced the introduction of 10%-tariffs for Chinese imports to $200 billion. The news had a moderate negative impact on the markets. The dynamics is limited, as the information about these measures appeared on Monday, which took from MSCI about 1% on Monday. We see something like the traditional reaction of the market “buy […]
• Sugar reversed from resistance zone • Further losses are likely Sugar recently reversed down from the combined resistance zone lying between the key resistance level 11.70, upper daily Bollinger Band, resistance trendline of the daily down channel from March and the 61.8% Fibonacci correction of the previous downward impulse 1 from May. The downward […]
• EURAUD reversed from support zone • Further gains are likely EURAUD recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support area lying between the strong support level 1.6140 (former major resistance from March and April) and the upper trendline of the daily up channel from August. The upward reversal […]
Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only 1.5% above the 14-month lows. Futures for S&P500 have returned to 2900 area, lost 0.4% from Friday’s intraday highs. The pressure on the markets increased after reports […]
• USDCHF broke key support level 0.9650 • Further losses are likely USDCHF today broke below the key support level 0.9650 (which stopped the sharp downward impulse wave 3 in August and also earlier this month, as can be seen below). The breakout of the support level 0.9650 should accelerate the active impulse wave 5 […]
• Platinum broke resistance area • Further gains are likely Platinum recently above the resistance area lying between the key round resistance level 800.00 (which has been reversing the price from last month) and the 38.2% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance area accelerated the active medium-term […]
On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having evolved the increase from 14-month lows to 2.8%. Hong Kong’s Heng Seng recovered to 1.5 week’s levels. Previously, we pointed out that the technical factors were in favor […]
• CHFJPY broke resistance area • Further gains are likely CHFJPY continues to rise after the earlier breakout of resistance area lying at the intersection of the key resistance level 115.00 (which has been reversing the price form August) and the 61.8% Fibonacci correction of the previous impulse wave (C) from February. The breakout of […]
• WTI reversed from resistance area • Further losses are likely WTI recently reversed down sharply from the resistance area located between the key resistance level 71.00 (which has been reversing the price form the middle of July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction (2) from July. […]
Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China’s invitation to trade negotiations. Previous negotiations did not bring any results and led to a tightening of the rhetoric and tariff expansion. However, the positive markets are fuelled by the sentiment that President Trump’s administration […]
• AUDCAD falling inside impulse wave 5 • Further losses are likely AUDCAD continues to fall inside the short-term impulse wave 5, which started earlier from the resistance area lying at the intersection of the key resistance level 0.9500 and the lower trendline of the recently broken weekly down channel from 2017. The downward reversal […]
• Soy reversed from resistance area • Further losses are likely Soy recently reversed down from the resistance area lying between the key resistance level 845.00 (former support from August) and the 38.2% Fibonacci correction of the previous short-term ABC correction B from the end of July. The downward reversal from this resistance area stopped […]
Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following strong macroeconomic statistics. MSCI for Asia-Pacific region has been updating its lows since July 2017, losing 0.5% on Wednesday. Hong Kong’s Hang Seng loses 0.2% but is also in the area of 14-month lows. Both of […]
• NZDCAD broke pivotal support level 0.8580• Further losses are likely NZDCAD today broke sharply below the pivotal support level 0.8580 (which has been reversing the price from the middle of August, as can be seen from the daily NZDCAD chart below). The breakout of the support level 0.8580 continues the active short-term impulse wave […]
