InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After reaching the closest correctional target at 1.1077, EURUSD is moving downwards to reach 1.1066. Possibly, the pair may reach this level and then start another growth towards 1.1072, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may continue the correction towards 1.1085; if to the downside – fall to break 1.1055 and then continue trading inside the downtrend with the short-term target at 1.1033.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is correcting towards 1.2894; it has already finished the second correctional impulse at 1.2899 and right now is growing to reach 1.2939. After that, the instrument may form a new descending structure towards 1.2894 and then continue trading upwards with the target at 1.3020.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the correctional target at 0.9917; right now, it is falling again. Possibly, the pair may reach 0.9888. Later, the market may form one more ascending structure towards 0.9902 and then start a new decline with the target at 0.9862.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correction at 108.80; right now, it is falling again to reach 108.30. Possibly, the pair may reach this level and then form one more ascending structure towards 108.60. After that, the instrument may move downwards to break 108.10 and then continue trading inside the downtrend with the short-term target at 107.60.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the first descending impulse towards 0.6806. Later, the market may start another correction to reach 0.6820 and then resume moving downwards to break 0.6796. After that, the instrument may continue trading inside the downtrend with the short-term target at 0.6770.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the consolidation range around 63.80. Today, the pair may break it upwards and reach the first target at 64.11. After that, the instrument may start a new correction towards 63.98 and then form one more ascending structure with the target at 64.54.

USDCAD, “US Dollar vs Canadian Dollar”

After completing the correction at 1.3190 and finishing another ascending impulse towards 1.3266, USDCAD is consolidating around this level. If later the pair falls and breaks this range to the downside at 1.3260, the price may start a new correction towards 1.3230; if grows and breaks to the upside at 1.3284 – continue trading upwards with the target at 1.3342.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards. Possibly, the pair may expand the range towards 1476.12 and then form a new descending structure to reach 1468.80. Later, the market may form one more ascending structure towards 1482.20 and then resume moving downwards with the first target at 1464.80.

BRENT

After completing another descending wave at 61.88 and forming the consolidation range, Brent has broken it downwards. Possibly, the pair may continue the correction towards 60.33. After that, the instrument may start a new growth to reach 61.20, at least, and then resume moving downwards with the target 60.03.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating around 8050.00. Possibly, today the pair may grow to reach 8128.00 and then fall to return to 8050.00. Later, the market may break this range upwards and resume growing with the first target at 8270.00.

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

he US dollar has become stable against currency majors. The dollar index (#DX) moved away from local lows and closed yesterday’s trading session in the green zone (+0.08%). Optimistic data on the real estate market supported the US currency. At the moment, financial market participants have taken a wait-and-see attitude before the publication of the FOMC meeting minutes, which may have a significant impact on the dynamics of major currency pairs. Earlier, Fed Chairman Jerome Powell said that interest rates would remain at current levels until the end of the year.

Demand for safe haven currencies is still at a fairly high level amid uncertainty in settlement of the trade conflict between the US and China, as well as growing political tension in Hong Kong. Yesterday, Donald Trump threatened again to increase tariffs on Chinese imports if a deal with Beijing wasn’t reached. We recommend following current information on these issues. Today, the National Bank of China has lowered its key interest rate from 4.20% to 4.15%.

The “black gold” prices are consolidating after a sharp collapse the day before. Currently, futures for the WTI crude oil are testing the $55.35 mark per barrel. At 17:30 (GMT+2:00), EIA crude oil inventories will be published.

Market Indicators

Yesterday, there was a variety of trends in the US stock markets: #SPY (-0.03%), #DIA (-0.34%), #QQQ (+0.15%).

The 10-year US government bonds yield has been declining. At the moment, the indicator is at the level of 1.74-1.75%.

• – Inflation report in Canada at 15:30 (GMT+2:00);
• – Publication of the FOMC meeting minutes at 21:00 (GMT+2:00).

by JustForex

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the descending correction continues between 50.0% and 76.0% fibo at 1.2670 and 1.3040 respectively, with the former being a support level. After completing the pullback, the instrument may start another rising impulse to break the previous high at 1.3012 and then reach the key one at 1.3381.

In the H1 chart, after retesting 23.6% fibo, the pair was forced by the convergence to finish the previous descending wave and start moving upwards to reach the high at 1.3013. We should note that the current decline may transform into a proper descending wave with the possible targets at 38.2%, 50.0%, and 61.8% fibo at 1.2699, 1.2604, and 1.2507 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, after falling and reaching 50.0% fibo at 121.55, the pair is moving upwards and has already reached 61.8% fibo. If EURJPY continues growing, it may reach 76.0% at 121.55. At the same time, MACD indicator is moving downwards, that’s why the price may yet resume falling towards the local support at 38.2% fibo (118.73).

In the H1 chart, after the pair reached 50.0% fibo, there was a convergence, which was followed by a retest of 61.8% fibo. Black Cross on MACD may indicate a new descending impulse towards 61.8% fibo at 118.75.

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 TheTechnicalTraders.com

Recently, we posted a multi-part research post suggesting a collapse in Crude Oil could be setting up and how we believe this decline in energy prices may lead to a broader market collapse in the near future.  Crude oil fell more than 3% on November 19 in what appears to be a major price reversal.  On November 20, inventory levels and other key economic data will be presented – could the price of oil collapse even further over the next 60+ days?

Here is a link to our most recent multi-part article about Crude Oil from November 13 (just a week ago): https://www.thetechnicaltraders.com/what-happens-to-the-global-economy-if-oil-collapses-below-40-part-i/

Our original research chart from July 2019

Our original research post, from July 2019, included this chart showing our Adaptive Dynamic Learning (ADL) price modeling system and where it believed the price of oil would go in the future.  This chart highlights expected price ranges and directions all the way into April 2020 with a low price level near $25 somewhere between February and April 2020.  Is Oil really going to reach a low price near $25 ppb in the near future?

On July 10, 2019, we authored a research article using our ADL predictive modeling for Oil.  At that time, we predicted Oil would fall in August, recover in September and October, then collapse to near $42 (or lower) in November and December.  You can read our followup to this article here.

In order for these predictions to continue to hold true, Crude Oil will have to fall below $47 ppb over the next 30+ days and then consolidate through December and January into a fairly tight price range between $42 and $49.  If this happens as we predicted back in July, then there would be a much higher probability that the February, March and April price targets are valid going forward.

On November 19, Crude oil reversed quite extensively to the downside after weeks of upward price pressure.  We believe this downside price rotation may be setting up a bigger, deeper price move that is aligned with our ADL predictive modeling systems results from July 2019 – eventually targeting the sub $50 price level near the end of November or early December. You can get all of my trade ideas by opting into my free market trend signals newsletter.

Concluding Thoughts:

This potential move in Crude Oil is setting up a potentially great trade for active traders if you know how to profit from falling prices and I even talked about how to trade this move in my member’s only trading newsletter service. Remember, if our ADL research is correct, December and January will see very mild price action in Oil.  The bigger breakdown move happens in late January or early February.

On Monday another commodity gave us another trade and it popped 3.4% in our favor within the first trading session. Big moves in stocks, metals, and energy are ready for big price swings here, get ready!

As a trader, you need to be aware of the greater implications for the global markets if Crude Oil falls below $45 ppb (eventually, possibly falling below $30 ppb).  A large portion of the global market depends on oil prices being relatively stable above $50 ppb.  A decrease in oil prices will place extreme pressures on certain nations to maintain oil production and to generate essential revenues.  Depending on how this plays out in the future, falling oil prices could translate into far greater risks for the global stock markets and global economics.

Chris Vermeulen – TheTechnicalTraders.com

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.10713
• Open: 1.10774
• % chg. over the last day: +0.05
• Day’s range: 1.10686 – 1.10796
• 52 wk range: 1.0884 – 1.1623

USD stabilized against its main competitors before the publication of the FOMC Minutes. Currently, EUR/USD quotes are consolidating. The local support and resistance levels are 1.10650 and 1.10850, respectively. The head of the Federal Reserve Bank of New York, John Williams, expects the US economy to continue its growth. Further adjustments to monetary policy will depend on future economic releases. Investors also expect new information regarding the settlement of the trade conflict between Washington and Beijing. We recommend opening positions from key levels.

At 21:00 (GMT+2:00) the US will publish the FOMC Minutes.

Indicators do not provide accurate signals the price crossed 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: 1.10650, 1.10400, 1.10150
• Resistance levels: 1.10850, 1.11000, 1.11250

If the price consolidates above 1.10850, expect growth toward 1.11200-1.11400.

Alternatively, the quotes could drop toward 1.10400-1.10200.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.29517
• Open: 1.29241
• % chg. over the last day: -0.20
• Day’s range: 1.29002 – 1.29305
• 52 wk range: 1.1959 – 1.3385

GBP/USD quotes retreated from local highs. Investors began to partially fix sterling positions after a long rally. At the moment, the trading instrument is consolidating in the range of 1.29000-1.29300. Market participants expect up-to-date information regarding the Brexit process. Today we recommend you to pay attention to the FOMC Minutes. Open positions from key levels.

The Economic News Feed for 20.11.2019 is calm.

Indicators do not provide accurate signals, the price crossed 100 MA.

The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell GBP/USD.

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

Trading recommendations

• Support levels: 1.29000, 1.28650, 1.28350
• Resistance levels: 1.29300, 1.29700, 1.29850

If the price consolidates above 1.29300, expect the quotes to rise toward 1.29600-1.30000.

Alternatively, the quotes could descend toward 1.28700-1.28500.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.32055
• Open: 1.32663
• % chg. over the last day: +0.49
• Day’s range: 1.32616 – 1.32877
• 52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair is showing aggressive purchases. During yesterday’s and today’s trading, the growth of quotations exceeded 80 points. The trading tool has updated key highs. Pressure on the Canadian dollar is exerted by the negative dynamics of oil prices. CAD is currently testing a resistance level of 1.32900. 1.32650 is already a mirror support. Investors expect important economic releases from the US and Canada. Open positions from key levels.

At 15:30 (GMT+2:00) Canada will publish an inflation report.

The price has fixed above 100 MA, which signals the power of buyers.

The MACD histogram is in the positive zone and above the signal line, which gives a strong signal to buy USD/CAD.

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: 1.32650, 1.32500, 1.32350
• Resistance levels: 1.32900, 1.33300

If the price consolidates above 1.32900, expect further growth toward 1.33200-1.33400.

Alternatively, the quotes could descend toward 1.32450-1.32300.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 108.677
• Open: 108.539
• % chg. over the last day: -0.18
• Day’s range: 108.358 – 108.584
• 52 wk range: 104.97 – 114.56

The USD/JPY currency pair continues to consolidate. There is no defined trend. At the moment, the local support and resistance levels are 108.400 and 108.650, respectively. Demand for safe haven currencies remains at a fairly high level. Today, financial market participants will evaluate the FOMC Minutes. We also recommend paying attention to the dynamics of yield on US government bonds. Open positions from key levels.

The Economic News Feed for 20.11.2019:

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

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

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: 108.400, 108.250, 108.000
• Resistance levels: 108.650, 108.900, 109.050

If the price consolidates below 108.400, expect the quotes to fall toward 108.000.

Alternatively, the quotes could grow toward 108.800-109.000.

by JustForex

By Admiral Markets

Source: Economic Events November 20, 2019 – Admiral Markets’ Forex Calendar

After the Bank of Canada’s last rate decision, where Stephen Poloz, one of the few central bankers around the globe resisting the push towards an easier monetary policy, told markets that he had begun to consider an insurance rate cut. Because of this, today’s Canadian inflation data becomes of higher interest.

With this dovish outlook, and USD/CAD once again gaining against the 1.3000 level the currency pair stays range-bound between 1.3000 and 1.3350/3400.

But if Canadian inflation comes in below expectations (It’s currently at 1.9%), which would come as a surprise given the recent push higher in oil prices, the subdued inflation outlook would bring 1.3350/3400 to the attention of USD/CAD traders and with rising BoC rate cut speculations, a break higher becomes a serious option.

Such a break technically activates the region around 1.3550 as a first target, and above the region around the current yearly highs around 1.360/3700:

Source: Admiral Markets MT5 with MT5-SE Add-on USD/CAD Daily chart (between August 27, 2018, to November 19, 2019). Accessed: November 19, 2019, at 10:00 PM GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2014, the value of the USD/CAD increased by 9.4%, in 2015, it increased by 19.1%, in 2016, it fell by 2.9%, in 2017, it fell by 6.4%, in 2018, it increased by 8.4%, meaning that after five years, it was up by 28.4%.

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations.
4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
7. Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
9. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

By Admiral Markets

By Alpari.com

By Alpari.com

Investors keen to diversify their portfolio and branch out into a new market and asset class will be well-served moving into the forex space.

This complicated market is challenging for beginners, and as a result it is dominated by large financial institutions. However, for those intrepid investors that want to enter into this space there are many ways you can make strong returns. Here we answer some of the common questions new forex traders have and discuss how you can improve your chances of succeeding in this complex market.

What Is Forex Trading?

Open 24 hours a day, the forex market is a global, decentralised market where investors can make money investing in currency.

In laymen’s terms, forex trading is the process of creating a pair of currencies on the foreign exchange market and then buying one and exchanging it to another, with the principal being that by the time you sell this second currency its value will be more than the cost you paid for the first currency and the cost of the exchange, providing you with a return.

Trading is done through an online platform, which is usually owned and operated by a specific broker. Brokers charge fees for their services whether investors make a profit or lose their money.

Do I Need A Broker To Trade On Forex?

Theoretically, it is possible to trade on forex without a broker, but even the most experienced traders often choose to work with a broker as they can use their technology, market insights and dashboard to analyse and review their trades.

Brokers often provide the platform on which an investor will trade, so it’s important that you find the forex broker that’s right for you. You can find more information on some of the most effective brokers on the market by reviewing the best forex brokers list by InvestinGoal.

How Much Should I Invest To Start?

Initially, it’s best if you start slowly and explore whether or not your currency pairs and investment strategy work well. If you invest a large amount of money at the start then you could potentially make a large loss, and you won’t learn as much as you would if you start slowly and build up towards a big trade.

What Happens If My Trades Don’t Work?

Should your strategy not work the first time, you need to explore the reasons why it’s failing and see if there’s anything you can alter to improve your results. Try to change things, and if your returns don’t improve then consider moving into a new market.

Can I Copy Other Investor’s Strategies?

Copy trading platforms allow novice investors to emulate the trades of successful, experienced traders. This saves you time figuring out the best trading strategies, and it also allows you to reduce the chances that your trades will be unsuccessful.

This approach is ideal for traders that have never worked on the forex market before and are keen to use the knowledge of other traders to their advantage.

Is There A Way I Can Practice Forex Trading Before I Invest?

Many platforms and brokers offer demo accounts, where you can pretend to invest imaginary currency and explore whether or not your approach would work before you invest real money. This will allow you to learn about trading on the forex market before you actually start putting real money into it.

How Can I Find Out More About Forex Trading?

There are loads of great resources out there for those that want to find out more before they start trading on the foreign exchange market. Blogs offer insight and knowledge on the market and the latest developments, and you can also find magazines, eBooks and even YouTube channels dedicated to the subject of forex trading and how you can improve your strategy.

Is There Another Way To Invest On Forex?

As well as copy or social trading, you can also invest using an automated forex broker, which uses a computer system to automatically find the trades that suit your preferences, without you having to search for the trades yourself. This will save you time, as you can invest in the forex trades you want without having to put the work into finding them.

There are also some investment funds that will invest on forex on your behalf, allowing you to sit back and enjoy the fruits of the fund manager’s labour without having to do as much of the hard work yourself.

Entering into any new market is a challenge, so take the time to learn about forex trading before you start. It’s never going to be easy, so remember not to be too hard on yourself if you don’t achieve the returns you were expecting immediately. If your approach isn’t working then try another, and keep reading and learning until you have forex trading down to a fine art.

About the Author:

Article by Taylor Wilman, an experienced forex trader and researcher that specializes in writing on trading strategies, high leverage forex brokers, technical analysis and forex education.

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after breaking the descending channel’s upside border close to the resistance level, USDCAD continues moving upwards. Right now, the pair is starting to form a new rising channel with Doji pattern close to its downside border. Within the given scenario, we may assume that the price may reverse and continue growing towards 1.3295. However, we shouldn’t ignore an alternative scenario, according to which the instrument may continue falling towards 1.3188.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after breaking the rising channel’s downside border, AUDUSD has formed Hammer reversal pattern close to the support level. At the moment, the pair is reversing. Judging by the previous movements, we may assume that the price may grow towards 0.6858. However, we shouldn’t ignore an alternative scenario, which implies that the instrument may resume falling to reach 0.6765.

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 0.6798; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6810 and then resume moving downwards to reach 0.6675. 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 0.6875. In this case, the pair may continue growing towards 0.6965.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6394; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6380 and then resume moving upwards to reach 0.6515. 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 0.6325. In this case, the pair may continue falling towards 0.6235.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3203; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3185 and then resume moving upwards to reach 1.3345. 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 1.3160. In this case, the pair may continue falling towards 1.3095. After breaking the descending channel’s upside border and fixing above 1.3285, the price may continue moving upwards.

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.