USD/JPY is expected to trade with a bullish outlook. Despite the pair posting a pullback, it is still supported by a bullish trend line. A support base at 1.1635 has formed and has allowed for a temporary stabilization. The rising 50-period moving average is also playing a support role. Hence, above 113.70, look for the […]
USD/CHF is expected to trade with a bearish outlook. Despite the pair posting a rebound from 0.9945 (the low of November 2), the upward potential is likely to be limited by the resistance at 1.0005. The declining 50-period moving average is playing a resistance role. On the political ground, U.S. President Donald Trump officially nominated […]
Bitcoin has surged much higher above $7300 today without any retracement as we were expecting it to have. The bullish momentum is quite impulsive in nature which leads to a non-volatile trend without any deeper pullbacks along the way. As of the recent introduction of futures for Digital Currencies, the Bitcoin has found significant push […]
The Dollar index marginally broke below the bullish short-term channel yesterday but sharply came back inside. The announcement of Non-Farm Payrolls today could give a boost for the Dollar for the final new high. Or is this what everyone expects and the market will not deliver? Blue lines – bullish channel The Dollar index remains […]
The Gold price has entered the Ichimoku cloud but is unable to clearly break above $1,283. The price got rejected at the resistance of $1,283 and is still in danger of moving towards $1,250-45. Blue line – resistance (broken) Red line – support The Gold price has entered the Ichimoku cloud. The trend is neutral. […]
Trading plan 11/03/2017 GBPUSD: Now the decline looks more likely. On Thursday, the pound behaved in a self-contradictory way (just the way it likes): showing a sharp decline at the rate hike of the Bank of England. Analysts, of course, explained the fall of the pound by the unwillingness of the Bank of England to […]
Breaking forecast 11/03/2017 Ready to earn on strong movement on the U.S. employment report On Friday, the important news is the official US employment report for October (Nonfarm payrolls). Analysts predict high figures of + 200, 000- +300. 000. At the same time, several important news in favor of the US dollar, already released in […]
GBP/JPY is under pressure. The pair is proceeding toward the nearest support at 149.90 while being capped by the descending 20-period moving average. Intraday bearishness is also maintained by the negatively-sloped 50-period moving average. The relative strength index is yet to recover the neutrality level of 50, showing a lack of upward momentum for the […]
We will retain our yesterday’s bullish outlook of NZD/USD pair. The pair is consolidating above the key support at 0.6900, which should maintain the buying interest. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. To conclude, as long as 0.6900 is not broken, look for a further […]
Wave summary: EUR/NZD corrected higher to 1.6914, before losing steam and is again pushing lower and a break below support at 1.6790 will confirm a continuation lower to 1.6545 to complete wave ii and setting the stage for the next impulsive rally in wave iii towards 1.7778 and above. Short-term only a break above minor […]
Wave summary: No change in view here. We continue to look for resistance near 133.32 to cap the upside for a break below support at 131.60 confirming that wave (D) completed the test of 134.49 and wave (E) lower to 123.43 now is developing. Short-term a break below minor support at 132.59 will indicate that […]
EUR/CAD has been quite volatile after a false break off 1.5050-75 resistance area. EUR has been quite mixed with the economic reports recently which lead to all the correction in this pair with no definitive directional movement. Today is a very important day for CAD as several high impact economic reports are going to be […]
NZD/USD has recently bounced off the support area of 0.6850 after strong bearish trend in place. NZD has been quite weak in comparison to USD whereas this week positive economic reports helped NZD to gain over USD. Recently NZD Employment Change report was published with the increased value of 2.2% from the previous value of […]
The Fed’s statement on November 01, 2017. FRS comment on the base interest rate decision Maintaining the base interest rate in the target range of 1.00% -1.25%, the Federal Open Market Committee (FOMC) of the US Federal Reserve commented on its decision and the current situation in the country. The Fed noted a significant increase […]
The Fed, as expected, kept the benchmark interest rate target between 1.00% -1.25% at its meeting that was concluded yesterday, and no significant changes were made to the text of the accompanying statement. The Fed noted that the fall in employment in September is a consequence of the hurricanes, and therefore will not affect economic […]
The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $7.345. China’s major exchanges have found a legitimate means through which to continue operations despite the Chinese government crackdown on cryptocurrency exchanges. The technical picture looks bullish. Trading recommendations: According to the 1H time frame, I found strong upward […]
USD/CHF has been non-volatile and impulsively bullish recently after breaking above the 0.9850 resistance area. Recently CHF has been quite negative with the economic reports which helped USD to gain momentum very well. Today CHF SECO Consumer Climate report was published with less deficit at -2 from the previous negative figure of -3 which was […]
Recently, the USD/JPY has been trading sideways at the price of 114.07. According to the 15M time – frame, I found broken pivot level at the price of 114.02, which is a sign that buyers are in control today. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of […]
According to IHS Markit, the Eurozone Manufacturing PMI advanced to 58.5 points in October, up from 58.1 points in September and slightly below the earlier flash estimate of 58.6 points. The upturn was again led by a strong-performing core of Germany, the Netherlands, and Austria. PMI readings were unchanged in Germany and Austria, while the […]
The FOMC meeting statement did not bring any surprises. There is a similar optimism regarding economic activity in September. The hurricane-induced decline in employment is combined with an under-declining unemployment rate. At the same time, the Fed highlights the weakness of inflation, although it still assumes it is reaching the 2.0% target in the medium […]
Recently, the Gold has been trading sideways at the price of $1,276.20. According to the 15M time – frame, I found broken upward trendline in the background, which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is […]
EUR/JPY is currently residing inside the range of 131.40 to 134.40 area which is showing some bullish move after the recent bounce off the horizontal support level. EUR has been quite mixed with the economic reports recently but managed to gain over JPY. Today JPY Monetary Base report was published with a worse decreased value […]
The US Dollar is weaker overnight as there were rumors that Trump has decided that J. Powell will succeed J. Yellen as head of the Fed. EUR/USD reached a peak near 1.1670. Before the Bank of England decision, GBP?USD is approaching 1.33. USD/JPY is back at 114.00. AUD / USD is at 0.7720 (+0.5%) after […]
EUR/USD: This currency pair is still consolidating in the context of a downtrend. When volatility returns to the market, it would most probably favor bears, for price is expected to reach the support lines at 1.1600 and 1.1550, which would be tested between today and tomorrow. USD/CHF: This pair, with a Bullish Confirmation Pattern in […]
Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick advance towards the next price zones around 0.7150-0.7230 (the key zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
According to the Freelancer periodical report, the number of cryptocurrency related jobs has increased by as much as 82% in the third quarter of this year. These deals mainly concern works related to Bitcoin, blockchain and related markets. Freelancer notes that a significant portion of the growth comes from companies that are looking for an […]
AUD/USD is currently bullish after breaking below the 0.7750 support area recently with a daily close. Despite having not so good economic reports recently AUD has been quite positive with the gains against USD. Today AUD Trade Balance report was published with an increase to 1.75B from the previous figure of 0.87B which was expected […]
The Dollar index is testing the channel support. Price reached the lower channel boundary. The trend remains bullish as the price is still above the Kumo. However, we have the first warning as the price has moved below the kijun-sen. Blue lines – bullish channel The Dollar index is testing short-term channel support at 94.45. […]
The Gold price has entered the Kumo (cloud) and a short-term trend has changed to neutral, as the price is making very short-term higher highs and whenever it pulls back towards $1,270 buyers step in and push it back towards short-term resistance of $1,283. Blue line – resistance (broken) Red line – support The Gold […]
