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 […]
Last minute burning forecast 02.11.2017 EURUSD: The decline is at a halt. Potential buying. On Wednesday, there were many important news on the US – the Fed decision (monetary policy unchanged), private employment report from ADP (+235K new jobs), ISM industrial production index +5.8.7 – slightly lower than forecast, but strong data. In general, the […]
USD/JPY is expected to trade with bullish outlook above 113.55. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength is above its neutrality level at 50 and lacks downward momentum. Therefore, as long as 113.55 holds on the downside, look […]
Our first target which we predicted in Yesterday’s analysis has been hit. USD/CHF is expected to trade with a bearish bias. The pair retreated from 1.0035 (the high of November 1) and broke below its 20-period and 50-period moving averages. In addition, the bearish cross between 20-period and 50-period moving averages has been identified. The […]
Wave summary: We continue to look for more downside pressure towards 1.6545 to complete wave ii. Short-term, a minor rally towards 1.6911 could be seen before the expected dip to 1.6545 from where wave iii higher to 1.7977 is expected to take over. Only a direct break above 1.6987 and more important a break above […]
Wave summary: EUR/JPY is testing the lower part of the expected target-area for wave ii between 132.96 – 133.33 from where the next impulsive decline is expected towards 128.36 in wave iii. A break below support at 131.60 will confirm that wave (D) has completed and wave (E) is developing towards 123.43. To keep wave […]
Our both targets which we predicted in Yesterday’s analysis has been hit. GBP/JPY is expected to trade with bullish outlook above 150.80. The pair is striking against the upper Bollinger band while being supported by both the 20-period and 50-period moving averages. The relative strength index is well placed above the neutrality level of 50, […]
Our first upside target which we predicted in yesterday’s analysis has been hit. NZD/USD is still expected to trade with Bullish bias above 0.6680. Although the pair retreated from 0.6930 (the high of November 1), a support base at 0.6880 has formed and has allowed for a temporary stabilization. The relative strength index lacks downward […]
Gold was able to pare its losses and is trying to cling to an important level of $1,280 an ounce on the background of the reluctance of dollar bulls to force events ahead of the announcement of the results of the FOMC meeting, details of tax reform and release of data on the US labor […]
Today, the US Federal Reserve will hold a regular meeting on monetary policy issues. Since the meeting is a “pass-through”, which is not accompanied by the publication of macroeconomic forecasts and a press conference by the Fed chair. The markets do not expect any changes, while the probability of raising the rate is less than […]
“Oil will go to the side where the Prince of Saudi Arabia sneezed”, this phrase was popular in the market a few years ago, which emphasized the importance of Riyadh for the black gold market. Since then, the situation has changed significantly due to the activity of slate producers in the United States that forced […]
The new head of the Federal Reserve will be named on Thursday, November 1. Morning review. Trump said that on Thursday, the name of the chosen applicant for the position of the head of the Fed will be announced – the powers of the current head of the Fed Janet Yellen will expire in early […]
Breaking Forecast 11/01/2017 Waiting for the decline of EURUSD. A day of important news. There is probably a strong movement. Today on Wednesday, November 1, at 11:15 AM London time, a report on employment in the US for October from the private agency ADP will be released. A strong result is expected, a gain of […]
Breaking Forecast 10.31.2017 All the news is in favor of the US dollar. On Monday, an important report on US consumers’ incomes/expenditures was published: revenue growth was +0.4% for the month, expenses + 1% for the month (on the upper range of forecasts). Inflation, however, according to the PCE index (on the consumer goods basket) […]
Bitcoin has been impulsively bullish after the retest of the $6,000 price level recently. It was expected that the price will retrace much deeply towards the dynamic levels of 20 EMA and Tenkan Sen, but due to heavy bullish momentum, the price pushed higher without any deeper pullback. The last month was very challenging for […]
USDX is forming fractals around the support area of 94.60 and it is adding a kind of strength to that zone in the short term. The outlook points to a consolidation in favor of the bulls, with the nearest target placed around the 95.85 level once it manages to break above October 27th highs. To […]
The price action in the GBP/USD pair remains in favor of the bulls temporarily, despite it has been trapped in a narrow range across the board. The resistance zone of 1.3309 is providing a solid barrier for the bulls and if it manages to pull back around that area, further declines are expected towards the […]
The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $6.583. On October 31 the world’s largest options and futures exchange, CME Group, has announced it will be launching a bitcoin-based derivatives marketplace for future contracts during Q4 of 2017. The US-headquartered financial markets company says there is “increasing […]
Recently, the Gold has been trading sideways at the price of $1,274.00. According to the 15M time – frame, I found strong rejection from the upward trendline (re-test), which is sign that buying looks risky. The price also rejected near pivot resistance 2 at $1,282.00, which is another sign of weakness. My advice is to […]
Recently, the GBP/USD has been upwards. The price tested the level of 1.3320 in an ultra high volume. Anyway, according to the 15M time – frame, I found a strong sign of weakness and rejection from pivot resistance 1 at the price of 1.3315, which may leady GBP/USD lower. There is also divergence on the […]
The New Zealand unemployment rate dropped to 4.6% in the three months ended September 30 down from 4.8% in June, Statistics New Zealand said in its household labor force survey. That’s the lowest level since the December 2008 quarter when New Zealand was in recession, and below the 4.7% predicted in a Bloomberg poll of […]
