• Brent Crude Oil reversed from support area • Further gains are likely Brent Crude Oil recently reversed up strongly from the support area lying between the pivotal support level 7550.00 (former resistance from July) and the 38.2% Fibonacci correction of the previous impulse wave (1). The upward reversal from this support area started the […]
Michael Barnier, the EU’s top negotiator on Brexit, called a reaching of the agreement on the deal within next 6-8 weeks realistic. This news supported the growth of the British currency, returning the sterling above 1.3040 of the dollar, to the highs since the beginning of August. The reaching of the agreement will reduce uncertainty […]
• Cotton reversed from support area • Further gains are likely Cotton recently reversed up sharply from the support area lying between the pivotal support level 81.10 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous long-term upward impulse from last October. The upward […]
• EURNZD rising inside impulse wave 3 • Further gains are likely EURNZD continues to rise inside the accelerated impulse wave 3, which previously broke the resistance level 1.7475 (which reversed the previous sharp upward impulse waves (A) and (i), as can be seen below). The breakout of the resistance level 81.10 accelerated the active […]
The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows. The U.S. stock markets had been declining the fifth day in a row on Friday, and had increased the losses during week to 1.2% on S&P500. The […]
• Natural Gas broke support area • Further losses are likely Natural Gas recently broke through the support area lying between the support level 2.800, support trendline from April and the 61.8% Fibonacci correction of the previous upward correction 2 from the middle of July. The breakout of this support area accelerated the active short-term […]
• AUD/USD broke long-term support level 0.7180 • Further losses are likely AUD/USD continues to fall after the earlier breakout of the strong, long-term support level 0.7180 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUD/USD chart below). The breakout of the support level 0.7180 […]
• Brent Crude Oil reversed from strong resistance level 79.50 • Further losses are likely Brent Crude Oil recently reversed down sharply from the major, multi-month resistance level 79.50 (which has reversed the price multiple times from the middle of May, as can be seen below) – strengthened by the upper daily Bollinger Band. The […]
• GBPCAD broke through the resistance zone • Further gains are likely GBPCAD recently broke through the resistance zone lying between the resistance level 1.7000, resistance trendline of the daily down channel from June and the 38.2% Fibonacci correction of the downward impulse (C) from June. The breakout of this resistance zone accelerated the active […]
The current weakness on the developing countries financial markets is the longest since 2008. The similarities go further than that: as well as 10 years ago, the aggravation falls in autumn, when the funds actively review their investment strategies, and the reasons are – chronic deficits and high level of debt. However, then the source […]
• CAD/CHF broke key support level 0.7400 • Further losses are likely CAD/CHF previously broke through the key support level 0.7400 (which stopped the A-wave of the active ABC correction (2) from the start of May, as can be seen below). The breakout of the support level 0.7400 accelerated the active impulse wave C of […]
• Sugar rising inisde correction 4 • Further gains are likely Sugar continues to rise inside the short-term correction 4, which started previously from the long-term support level 10.00 (which also stopped the sharp downtrend in the August of 2015). The price today broke the resistance level 10.80 and the daily down channel from May […]
The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on Tuesday and returned under 2900 level, despite the Amazon’s growth of capitalization over $1 trillion. Asian markets are declining after the data on business slowdown in China. The published Services […]
• USD/CAD broke resistance level 1.3170 • Further gains are likely USD/CAD continues to rise inside the sharp medium-term impulse wave (3) – which previously broke through the resistance level 1.3170 (which stopped the previous B-wave of the ABC correction (2) from June, as can be seen below). The breakout of the resistance level 1.3170 […]
• Platinum broke daily up channel • Further losses are likely Platinum continues to fall inside the accelerated short-term impulse wave 3 – which recently broke the support trendline of the short-term up channel from August. The breakout of this up channel strengthened the bearish pressure on Platinum and accelerated the active impulse waves 3 […]
The markets are cautiously on buy for American stocks, and the dollar adds on fears that trade conflicts are seriously stifling the business sentiment in Europe and Asia. The MSCI Index of the Asia-Pacific region ex Japan loses 0.3%, Nikkei 225 decreases by 0.1%. Pressure on the European exchanges increased after the weak production PMI, […]
• GBP/CHF broke support level 1.2560 • Further losses are likely GBP/CHF continues to fall inside the short-term impulse wave 5 – which recently broke through the support level 1.2560 (which stopped the previous sharp impulse wave 3 in August, as can be seen below). The breakout of the support level 1.2560 should accelerate the […]
• Soy reversed up from the support area • Further gains are likely Soy recently reversed up from the support area lying between the key support level 820.00 (which stopped the previous sharp impulse wave C in August, as can be seen below) and the lower daily Bollinger Band. The upward reversal form this support […]
Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that Trump will announce the expansion of tariffs for Chinese goods worth from $50 to $200 bln. on this coming Thursday. Already introduced tariffs significantly suppress investors’ sentiment. India’s companies are gaining […]
• GBP/AUD broke key resistance level 1.7960 • Further gains are likely GBP/AUD continues to rise inside the short-term impulse wave 3 – which recently broke through the key resistance level 1.7960 (which reversed the price multiple times in June and July, as can be seen below). The breakout of the resistance level 1.7960 was […]
• Wheat rising inside sharp impulse wave 3 • Further gains are likely Wheat continues to rise inside the sharp impulse wave 3 – which started recently from the support area lying between the round support level 500.00, lower daily Bollinger Band and the support trendline of the wide daily up channel from March. The […]
The markets have been under pressure on Thursday and at the start of trading on Friday, the cautiousness is growing. S&P500 dropped by 0.4% on Thursday, while Dow lost 0.5%. On Friday morning, MSCI for Asia-Pacific region is declining by 0.8%, same as the Japanese Nikkei 225. The events around the Argentine currency were in […]
• AUD/CHF broke long-term support level 0.7140 • Further losses are likely AUD/CHF continues to fall inside the short-term impulse wave 3 – which recently broke through the long-term support level 0.7140 (which stopped the sharp downtrend in June of 2017, as can be seen below). The breakout of the support level 0.7140 accelerated the […]
• Copper reversed from resistance zone • Further losses are likely Copper recently reversed down from the resistance zone lying between the key resistance level 272.30, 50% Fibonacci correction of the previous downward impulse (i) and the resistance trendline of the daily down channel from June. The downward reversal from this resistance zone started the […]
The British pound maintains its position at 1.3020 on Thursday morning after rising by 1.2% from 1.2870 on Wednesday on the tone softening of the EU in the negotiations about Brexit. The chief negotiator from the EU suggested maintaining close ties with Britain, although outside the single market. These comments provoked the sharpest strengthening of […]
• EUR/AUD rising inside impulse wave 3 • Further gains are likely EUR/AUD continues to rise inside the short-term impulse wave 3 – which recently broke through the key resistance level 1.5870 (which has been steadily reversing the price from the middle of May). The breakout of this resistance level accelerated the active medium-term impulse […]
• Natural Gas broke support area • Further losses are likely Natural Gas continues to fall after the earlier breakout of the support area lying between the key support level 2.900 (which reversed the previous waves (iv) and (b)) and the 38.2% Fibonacci correction of the previous ABC correction 2. The breakout of this support […]
The dollar is almost unchanged to the major currencies in the past 24 hours; it managed to recover the losses incurred on Tuesday morning. The dollar index fell to 94.35, the lows since August 1 following the surge in demand for risky assets on the news about the start of the U.S.-Mexico trade negotiations. However, […]
• CHF/JPY rising inside impulse wave 3 • Further gains are likely CHF/JPY continues to rise inside the short-term impulse wave 3 – which previously broke through the major resistance level 113.00 (which has been reversing the price from the start of March) and the 50% Fibonacci correction of the downward correction (C) from February. […]
• Soy broke support zone • Further losses are likely Soy recently broke through the support zone lying at the intersection of the support level 113.00 (which stopped the previous short-term correction (a)) and the support trendline from the middle of July. The breakout of this support zone accelerated the active short-term impulse wave (c) […]
