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. […]
NZD/USD has been making corrective bullish moves recently after breaking below the 0.71 level with a non-volatile bearish pressure. NZD has been struggling to keep up with the impulsive pressure from USD despite the recent weakness of USD due to mixed economic reports and sell-offs of the American currency. Today, New Zealand FPI report was […]
Daily Outlook In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). However, 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. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone […]
Bitcoin analysis for 12/10/2017: Former investment banker Fortress, Michael Novogratz, predicts that within 6 to 10 months Bitcoin will be worth more than $ 10,000. The investor creates a $ 500 million fund that will invest in cryptocurrency, ICOs and blockchain related companies.The former investment fund manager has decided to go all in despite the […]
The dollar reacted with a decline in the Wednesday night’s release of the minutes of the FOMC meeting of September 20. Investors were disappointed by the cautious position of Cabinet members and fears that the period of low inflation in the US economy could drag on. A one-time rate increase by the end of this […]
Trading plan for 12/10/2017: At night the US Dollar loses to other major currencies. EUR/USD continues to climb in the direction of 1.19, but the scale of the Euro strengthening is the smallest among the major currencies. USD, AUD and NZD are the strongest against USD. USD/JPY is maintained between 112.00 and 112.50. The Wall […]
Breaking forecast 10/12/2017 The growth of EURUSD will continue. The main event of Wednesday – the report from the last meeting of the Fed (“minutes” of the Fed) – has not changed the mood of the markets. The EURUSD rate continued to grow, playing out the diffusion of tension in relations between Catalonia and Madrid. […]
The Dollar index as expected has made a full-scale reversal since last Friday when we expected for the Dollar to top. Price has broken through cloud support in the short term and is making lower lows and lower highs. Trend is bearish. Black rectangle – support (broken) Yellow rectangle – resistance The Dollar index has […]
Gold price has broken above the Ichimoku cloud in the short term but has also reached important Fibonacci resistance now. As long as price is above $1,260, bulls will be in control of the trend. A pullback with a higher low is justified and would give more strength to the upside momentum. In the 4-hour […]
Wave summary: EUR/NZD continues to rally nicely and as expected. We expect minor support at 1.6648 will be able to protect the downside for the next rally higher to 1.6824 that should complete red wave iii/ and set the stage for a shallow sideways consolidation in red wave iv/ before moving higher towards 1.7005 in […]
Wave summary: With a little detour to 132.45 wave C moved higher and has now spiked the 133.25 target. We continue to view the entire consolidation since the low of wave A at 131.70 as a corrective B-wave. Corrective B-waves are the most difficult to decipher and trade, because of the multiple different paths they […]
EUR/USD: The EUR/USD has now gone upwards by 130 pips. Price is above the support line at 1.1850; going towards the resistance lines at 1.1900, 1.1950 and 1.2000. These are the ultimate targets for the week, for there is a Bullish Confirmation Pattern in the 4-hour chart. USD/CHF: From the resistance level at 0.9800, this […]
We remain bearish with price testing two major Fibonacci retracement levels at 50% and 61.8% where we expect a reaction from. We adjust our stop loss to 1.1948 right above the gap to give this trade a bit more breathing space. The goal is to continue to sell below 1.1878 resistance (Fibonacci retracement, horizontal overlap […]
The price has continued to rise nicely to our major resistance area as expected. We prepare to sell on major resistance at 1.3269 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push the price down to at least 1.3032 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,3,1) […]
When the European market opens, some Economic Data will be released, such as Industrial Production m/m and French Final CPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, Natural Gas Storage, Core PPI m/m, Unemployment Claims, and PPI m/m, so, amid the reports, […]
In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, and Bank Lending y/y data, and the US will release some Economic Data, such as Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, Natural Gas Storage, Core PPI m/m, Unemployment Claims, and PPI m/m. So, there is a probability the USD/JPY will […]
After a prolonged fall in September, gold returns to the game and grows over three trading sessions in a row amid growing uncertainty around North Korea and Catalonia. Russian officials assured that it is ready to launch a long-range missile after the visit to Pyongyang. Moreover, the President of Catalonia signed the Declaration of Independence. […]
Breaking forecast 10/11/2017 Catalonia fueled the rise of EURUSD. On Tuesday evening, the head of Catalonia said that he was postponing proclamation of independence. The embers of the Catalan Parliament signed a declaration of independence – but it has no legal force. The authorities of Catalonia withdrew, faced with strong resistance from both the Spanish […]
Global macro overview for 11/10/2017: Kerstin af Jochnick, first deputy governor of Riksbank, in his speech today decides to uphold the position of the remaining members of the Swedish central bank. Jochnick is optimistic about rising inflation trends and the influx of more satisfactory data. In her opinion, Riksbank must have relatively stable land for […]
Global macro overview for 11/10/2017: The event of the day is the September’s Fed Meeting Minutes release accompanied by the publication of new projections and the Chairperson Jannet Yellen conference. For this reason, attention will be focused primarily on the distribution of forces between the supporters of the thesis that the weakness of inflation being […]
The Bitcoin (BTC) has been trading downwards. The price tested the level of $4.692. The President of the Russian Federation, Vladimir Putin, held a meeting on Tuesday to discuss cryptocurrencies. It was attended by top regulators including the central bank governor, her deputy, and the finance minister. While Putin acknowledged the risks associated with cryptocurrencies, […]
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3180. According to the 15M time – frame, I found breakout of 3-day upward channel, which is sign that buying looks risky and that sellers started distribution. There is also a hidden bearish divergence on the moving average oscillator, which is another […]
Recently, Gold has been trading sideways at the price of $1,289.00. According to the 15M time – frame, I found that price has broken the upward channel in the background, which is a sign that buying looks risky. I also found a bearish flag (bearish pattern) in creation, which is another sign of weakness. My […]
Technical outlook: The EUR/USD pair looks to have terminated its first leg labelled as A, within its 3 waves A-B-C corrective rally towards 1.1900/30 levels going forward. A short-term chart view presented here already suggests that the pair should be now looking to drop lower terminating into wave B around 1.1730 levels before turning bullish […]
Today, the minutes of the September 20 meeting of the Federal Open Market Committee (FOMC) will be published. The text of the protocol is of interest from the point of view of assessing the financial risks that the US economy may face in the process of tightening financial conditions. The policy of a strong dollar, […]
USD/CHF has been volatile with bullish gains that is expected to come to an end as bearish pressure is already emerging in the market now. USD has been quite mixed amid economic reports for the last few weeks which have helped the American currency to develop a corrective volatile bullish bias. But recent positive economic […]
Daily Outlook In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). However, 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. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone […]
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. […]
Bitcoin analysis for 11/10/2017: Bitcoin developer Xapo said it would not necessarily treat the BTC as “real” Bitcoin after the SegWit2x update. When discussing Bitcoin Cash, which was launched in July, Xapo CEO Wences Casares confirmed that Bitcoin would be “the most difficult chain”. This move is a strong appeal to support the SegWit2x chain […]
Trading plan for 11/10/2017: The Japanese Nikkei 225 index closes at highest level since 1996. The European indices follow the sentiment in Asia and open higher as well. EUR/USD is trading close to 1.1830 resistance, USD/JPY is trading at 112.41, virtually unchanged. Gold declines a little and Crude Oil rally towards $51.21 level. On Wednesday, […]
