by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.10885
• Open: 1.10908
• % chg. over the last day: +0.02
• Day’s range: 1.10872 – 1.10954
• 52 wk range: 1.0879 – 1.1572

World currency markets remain in a festive mood due to the Christmas holidays. Trading in major currency majors is calm. Currently, EUR/USD quotes are consolidating. The local support and resistance levels are 1.10750 and 1.10950, respectively. The trading instrument has a downside potential. We recommend opening positions from key levels.

At 15:30 (GMT+2:00), an US initial jobless claims report will be published.

Indicators do not give accurate signals: the price crossed 50 MA and 100 MA.

The MACD histogram is close to the 0 mark. There are no signals at the moment.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.

Trading recommendations

• Support levels: 1.10750, 1.10650, 1.10300
• Resistance levels: 1.10950, 1.11100, 1.11300

If the price consolidates below 1.10750, expect a further descend toward 1.11200-1.11300.

Alternatively, the quotes could grow toward 1.11200-1.11300.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.29331
• Open: 1.29523
• % chg. over the last day: +0.09
• Day’s range: 1.29523 – 1.29982
• 52 wk range: 1.1959 – 1.3516

The GBP/USD currency pair retreated from local lows. Investors began to partially fix the position. At the moment, the pound is testing a round level of 1.30000. 1.29450 is the immediate support. GBP/USD quotes have the potential for further correction. We recommend keeping track of current information on the Brexit issue. Open positions from key levels.

UK financial markets are closed due to the holiday.

Indicators do not give accurate signals: the price crossed 50 MA and 100 MA.

The MACD histogram has started to rise, which signals a possible correction of the GBP/USD currency pair.

The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.

Trading recommendations

• Support levels: 1.29450, 1.29000, 1.28500
• Resistance levels: 1.30000, 1.30650, 1.31350

If the price consolidates above the round level of 1.30000, expect the quotes to recover toward 1.30400-1.30600.

Alternatively, the quotes could descend toward 1.29200-1.28800.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.31453
• Open: 1.31567
• % chg. over the last day: +0.16
• Day’s range: 1.31514 – 1.31623
• 52 wk range: 1.3014 – 1.3664

The USD/CAD currency pair continues to trade flat. There is no defined trend. At the moment, the local support and resistance levels are: 1.31400 and 1.31600, respectively. CAD is supported by bullish sentiment in the oil market. We recommend opening positions from key levels.

Canada’s financial markets are closed due to the holiday.

The signals of the indicators are mixed: the price crossed 50 MA and 100 MA.

The MACD histogram is close to the 0 mark.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates bullish sentiment.

Trading recommendations

• Support levels: 1.31400, 1.31200, 1.31050
• Resistance levels: 1.31600, 1.31750, 1.32000

If the price consolidates below 1.31400, expect the quotes to fall toward 1.31200-1.31000.

Alternatively, the quotes could grow toward 1.31750-1.31900.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.389
• Open: 109.358
• % chg. over the last day: -0.02
• Day’s range: 109.358 – 109.573
• 52 wk range: 104.45 – 113.53

The USD/JPY currency pair has again moved up. The trading tool has reached key extremes. Greenback demand rose amid optimism about easing trade tensions between the United States and China, as well as signs of a recovery in global growth. At the moment, USD/JPY quotes are consolidating near the supply zone of 109.600-109.700. 109.350 is a key support. We do not exclude further growth of the trading instrument. Open positions from key levels.

Today, the news background on the Japanese economy is calm.

Indicators do not give accurate signals: 50 MA crossed 100 MA.

The MACD histogram is in the positive zone, indicating a bullish sentiment.

The Stochastic Oscillator has started to leave the overbought zone, the %K line is below the %D line, which gives a signal to sell USD/JPY.

Trading recommendations

• Support levels: 109.350, 109.200, 109.000
• Resistance levels: 109.600, 109.700, 110.000

If the price consolidates above 109.600, expect further growth toward 109.800-110.000.

Alternatively, the quotes could drop toward 109.200-109.000.

by JustForex

by JustForex

The US dollar is being traded stably against a basket of world currencies. The dollar index (#DX) is consolidating. Yesterday, financial markets were closed due to Christmas. Today, volatility and trading activity are also reduced since many countries celebrate Boxing Day and most financial centers are also closed.

On Wednesday, Beijing announced an imminent signing ceremony for the phase one trade deal between the US and China. So far, both parties undergo all necessary procedures until the signing of the agreement. China has promised to increase purchases of American goods, including agricultural products, and the United States has refused the next round of the introduction of duties on Chinese goods. Trump expects an interim trade agreement between the US and China will be signed before his meeting with Chinese President Xi Jinping.

The “black gold” prices continue to show positive dynamics. Currently, futures for the WTI crude oil are testing the $61.30 mark per barrel.

Market Indicators

Yesterday, the US stock market was closed due to the celebration of Christmas.

The 10-year US government bonds yield has decreased slightly. At the moment, the indicator is at the level of 1.90-1.91%.

• – Initial jobless claims in the US at 15:30 (GMT+2:00).

by JustForex

December 26, 2019 – Limassol, Cyprus – RoboMarkets, a European investment company that provides financial services to clients from many European Union countries, announces a mobile version of R Trader, the Company’s proprietary web platform. RoboMarkets released the terminal’s mobile version due to the key demand for it on behalf of the Company’s clients.

As of now, the terminal offers the major functionality, which allows to perform trading operations: charts, account selection, position and account management, viewing history, and trading. One of the key features of the mobile version is high performance due to the implementation of cutting-edge software solutions, such as Angular technology. Also, the Company improved the terminal’s updating algorithm, which will be barely noticed by clients and won’t distract them from trading in the future. In the short-term, RoboMarkets is planning to expand the capabilities of the mobile version due to the addition of new functionality.

The trading platform’s mobile version is available at https://rtrader.umstel.com/mobile.

Kiryl Kirychenka, the head of the R Trader project, is commenting: “Our mobile data is on a constant rise, that’s why we believe it’s logical enough in this situation to offer our clients the opportunity to trade through mobile devices with ease. R Trader mobile web terminal was developed based on Angular technology, which provides high speed and stability of the platform performance. From now on, it’s much faster and easier for traders to get prices, manage their investment portfolios, and place orders on their gadgets than ever before. In this release, we decided to go with the major functionality, which will surely be expanded in the future.”

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at www.robomarkets.com.

By Alpari.com

By Alpari.com

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. Right now, XAUUSD is moving to reach the rising channel’s upside border. In this case, the target is at 1492.00 where the price may form a reversal pattern. Later, the pair may start a new correction and resume falling with the target at 1474.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue trading upwards without any corrections.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, including Shooting Star, near the channel’s upside border, NZDUSD is still trading inside the range; the downside target may be the closest support level at 0.6561. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may update its highs and grow towards 0.6645.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6915; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6885 and then resume moving upwards to reach 0.6995. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6845. In this case, the pair may continue falling towards 0.6755.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6623; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6600 and then resume moving upwards to reach 0.6710. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6550. In this case, the pair may continue falling towards 0.6465.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3155; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3165 and then resume moving downwards to reach 1.3025. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.3220. In this case, the pair may continue growing towards 1.3305. After breaking Triangle’s downside border and fixing below 1.3110, the price may continue moving downwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.10785
• Open: 1.10885
• % chg. over the last day: +0.11
• Day’s range: 1.10853 – 1.10940
• 52 wk range: 1.0879 – 1.1572

USD is stable against the basket of world currencies. Trading activity and volatility decreased on the eve of the Christmas holidays. Yesterday, the United States published mixed economic releases. Currently, EUR/USD quotes are consolidating. The local support and resistance levels are 1.10750 and 1.10950, respectively. The trading instrument has a downside potential. We recommend opening positions from key levels.

The Economic News Feed for 24.12.2019 is calm.

Indicators do not give accurate signals: the price crossed 50 MA.

The MACD histogram is close to the 0. There are no signals at the moment.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which points to a bullish movement.

Trading recommendations

• Support levels: 1.10750, 1.10650, 1.10300
• Resistance levels: 1.10950, 1.11100, 1.11300

If the price consolidates below 1.10750, expect a further descend toward 1.11200-1.11400.

Alternatively, the quotes could grow toward 1.11200-1.11400.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.30007
• Open: 1.29331
• % chg. over the last day: -0.48
• Day’s range: 1.29318 – 1.29469
• 52 wk range: 1.1959 – 1.3516

The GBP/USD currency pair again went down. The trading tool has updated local lows. Financial market participants are concerned that the UK may leave the EU on a hard Brexit. Currently, GBP / USD quotes are consolidating in the range of 1.29000-1.29800. We do not exclude a further drop in the pound against the US dollar. Open positions from key levels.

The Economic News Feed for 24.12.2019 is calm.

Indicators signal the power of sellers: the price has fixed below 50 MA and 100 MA.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell GBP/USD.

The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.

Trading recommendations

• Support levels: 1.29000, 1.28500
• Resistance levels: 1.29800, 1.30650, 1.31350

If the price consolidates below the round level of 1.29000, expect a further descend toward 1.28600-1.28400.

Alternatively, the quotes could grow toward 1.30500-1.30700.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.31463
• Open: 1.31453
• % chg. over the last day: -0.01
• Day’s range: 1.31380 – 1.31582
• 52 wk range: 1.3014 – 1.3664

An ambiguous technical picture has developed on the USD/CAD currency pair. Looney is in lateral movement. Unidirectional trends are not observed. Canada published weak data on the country’s GDP yesterday. At the moment, the following key support and resistance levels can be identified: 1.31400 and 1.31750, respectively. We recommend that you pay attention to the dynamics of prices of black gold. Open positions from key levels.

The Economic News Feed for 24.12.2019 is calm.

The signals of the indicators are mixed: the price is testing 50 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.

Trading recommendations

• Support levels: 1.31400, 1.31200, 1.31050
• Resistance levels: 1.31750, 1.32000

If the price consolidates below 1.31400, expect the quotes to fall toward 1.31000.

Alternatively, the quotes could grow toward 1.32000-1.32200.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.402
• Open: 109.389
• % chg. over the last day: -0.02
• Day’s range: 109.356 – 109.441
• 52 wk range: 104.45 – 113.53

The USD/JPY currency pair continues to consolidate. The technical picture is ambiguous. Local levels of support and resistance are still: 109.300 and 109.500, respectively. Investors expect additional drivers. USD / JPY quotes have the potential to decline. We recommend that you pay attention to the dynamics of the yield of US government securities. Positions must be opened from key levels.

Today, the news background on the Japanese economy is quite calm.

Indicators do not give accurate signals: the price crossed 50 MA and 100 MA.

The MACD histogram is close to 0. There are no signals at the moment.

The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no exact signals.

Trading recommendations

• Support levels: 109.300, 109.200, 109.000
• Resistance levels: 109.500, 109.700, 110.000

If the price consolidates below 109.300, expect the quotes to fall toward 109.000-108.800.

Alternatively, the quotes could grow toward 109.700-110.000.

by JustForex

by JustForex

The US dollar is being traded without significant changes in relation to a basket of currency majors. The dollar index (#DX) closed yesterday with a slight decrease (-0.04%). The US has published rather weak economic data. So, core durable goods orders did not increase in November, although experts expected an increase by 0.1%. The volume of durable goods orders decreased by 2.0% in November instead of the forecasted growth by 1.5%. New home sales counted to 719K in November instead of 734K. Today and tomorrow, most financial markets do not work due to the celebration of Christmas.

The British pound has continued to decline. British lawmakers supported Prime Minister Boris Johnson’s plan to leave the European Union on January 31, 2020. This means that the UK should coordinate a trade deal with the EU until December 31, 2020. Also, the likelihood of a “hard” Brexit in this regard is much higher, since EU officials do not believe that agreement can be reached in 11 months.

The “black gold” prices have risen slightly. Currently, futures for the WTI crude oil are testing the $60.60 mark per barrel.

Market Indicators

Yesterday, there was the bullish sentiment in the US stock market: #SPY (+0.15%), #DIA (+0.31%), #QQQ (+0.05%).

The 10-year US government bonds yield has increased slightly. At the moment, the indicator is at the level of 1.92-1.93%.

• Today, the news feed is calm. The publication of important economic releases is not planned.

by JustForex

By Alpari.com

By Alpari.com

By Orbex

Trade of the week

EURUSD Struggles to Push Higher

A relatively calm week ahead data-wise as traders leave for a well-deserved Christmas on Wednesday. We would expect the euro to pull back for lack of a significant catalyst. Some medium-impact data like US new home sales and initial jobless claims could stir up intraday volatility.

A technical retracement from the high of 1.1170 is likely to continue after the long spike failed to close above the October highs. 1.1050 will be a major support level to watch.

GBPUSD at 30-Day MA

Prime Minister Boris Johnson received the green light for his Brexit deal from a Tory-controlled parliament on Friday. However, the pound sterling gave up its election gains as the UK will now face the reality of negotiating a trade deal with the European bloc. Enthusiasm has turned into a new phase of concerns and we would expect the pound to be on a corrective course.

The price has reached the psychological level of 1.3000 on the 30-day moving average, and a rebound at that level could lift the pound towards 1.3200.

AUDJPY Tests July’s High

The Aussie has recouped losses from last summer thanks to improved economic prospects. Solid job data have eased fears of deeper rate cuts by the RBA. In the meantime, progress in the US-China trade talks may offer relief to the Australian export industries. As markets turned risk-on, the Australian dollar is likely to outperform the safe-haven Japanese yen for weeks to come. The pair is about to challenge the July high of 76.00, a break above could trigger an extended rally. On the downside, 74.00 is a key support to monitor.

WTI Meets Strong Resistance

The OPEC+ members’ output reduction policy has sustained the latest rally. Combined with the prospect of a de-escalation in the trade disputes which would boost demand, market sentiment has turned upbeat and could provide further support to the rally. Crude price is about to test the psychological level of 62 from last September. In case of a pullback towards the moving averages, 58 will be an important level to keep the optimism intact.

By Orbex