InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1131. Today, the pair may continue trading downwards to break 1.1110 and then reach the short-term target at 1.1075.

GBPUSD, “Great Britain Pound vs US Dollar”

After forming another consolidation range around 1.2376 and breaking it downwards, GBPUSD is still trading downwards with the short-term target at 1.2335. Later, the market may start a new correction to reach 1.2400 and then continue trading inside the downtrend towards 1.2296.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues moving upwards. Possibly, today the pair may break 0.9944. The key upside target is at 1.0000. After that, the instrument may start another correction towards 0.9900.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has formed another consolidation range around 108.68; right now, it is trading to break it to the downside and reach 108.38. After that, the instrument may return to 108.68 and then form a new descending structure to break 108.37. Later, the market may continue trading downwards with the first target at 107.95.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving to reach 0.6897. Later, the market may be corrected towards 0.6970 and then continue trading inside the downtrend with the first target at 0.6870.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken 63.35 upwards and may continue the correction with the short-term target at 63.60. After that, the instrument may start a new decline towards 63.35 and then form one more ascending structure to reach 63.88.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating above 1414.30. Possibly, the pair may fall to break 1412.00 and then continue trading downwards with the short-term target at 1404.04.

BRENT

Brent is consolidating above 62.98. If later the price breaks this level to the downside, the instrument may start another decline to reach 61.20. However, if the pair breaks 64.00 upwards, the market may resume trading inside the uptrend with the short-term target at 66.60.

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

XAUUSD, “Gold vs US Dollar”

In the H4 chart, after breaking the upside border of the consolidation range, XAUUSD has fallen to reach 23.6% fibo at 1409.43 due to the divergence. Possibly, the pair may yet continue falling to reach 38.2% fibo at 1382.66 and the fractal at 1381.69. According to the main scenario, the instrument is expected to resume trading upwards after completing the pullback. The upside targets are inside the post-correctional extension area between 138.2% and 161.8% fibo at 1460.70 and 1474.00 respectively.

As we can see in the H1 chart, the convergence made the pair form a new pullback. In the nearest future, the price may continue trading downwards.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after being corrected to the downside by 50.0%, USDCHF is forming a new rising impulse. The upside targets are the high at 0.9951, as well as 50.0% and 61.8% fibo at 0.9960 and 1.0023 respectively. Proximity to the parity has a significant influence. The support is 61.8% fibo at 0.9792.

In the H1 chart, the pair is steadily trading upwards to reach its targets. At the same time, there is a possibility of a new short-term pullback towards 38.2% fibo.

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 Dmitriy Gurkovskiy, Chief Analyst at RoboForex

At the end of July, Gold prices reached stability inside the sideways channel. On Monday July 29th, Gold is mostly trading around 1418.00.

This week, market players’ attention is focused on the US Federal Reserve meeting. It is highly anticipated, because the regulator is expected to cut the benchmark rate by 25 basis points in order to loosen its monetary policy and create some financial safety margin. The White House really needs this, so that it could continue its trade wars across the globe. However, recent macroeconomic numbers from the USA are pretty decent and do not force the Fed to cut the rate: it is apparent that the economy may be really efficient and happy with the current rate value.

If on Wednesday the regulator hints at another rate cut in September, the USD may plunge, while Gold may get significant support.

However, if the meeting goes without any surprises and the regulator refuses to comment on its plans relating to further changes in the monetary policy, the USD may slightly recover. This possibility is quite neutral for investors, but not too good for Gold, which is now acting as a “safe haven” asset for hedging risks.

In the H4 chart, Gold is forming another descending wave, the third one inside the downtrend, with the target at 1395.55. After reaching it, the pair may start another correction towards 1414.00 and then form a new descending structure with the first target at 1376.00. However, this scenario may no longer be valid if the price grows to break 1430.00. In this case, the pair may chose an alternative scenario with a new correction towards 1440.00. Later, the market may resume trading inside the downtrend with the short-term predicted target at 1395.55. From the technical point of view, this scenario is confirmed by MACD Oscillator, as its signal line is moving below 0.

As we can see in the H1 chart, XAUUSD is trading to rebound from 1424.50 to the downside. This structure may be considered as a downside continuation pattern. After breaking 1414.40, the instrument may continue falling towards 1404.10. Later, the market may start another correction to return to 1414.40 and then form a new descending structure to reach 1395.55. However, this scenario may no longer be valid if the price breaks 1430.00. In this case, the price may be corrected towards 1440.00. After that, the instrument may start a reversal pattern for a new descending wave with the target at 1395.55. From the technical point of view, this scenario is confirmed by Stochastic Oscillator, as its signal is moving below 50.00. Still, this scenario may no longer be valid if the signal line steadily moves to the upside. In case 50.00 is broken, the pair may continue growing towards 1440.00.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.11461
• Open: 1.11238
• % chg. over the last day: -0.18
• Day’s range: 1.11203– 1.11389
• 52 wk range: 1.1111 – 1.2009

Last week, USD strengthened against a basket of world currencies. The dollar index (#DX) updated the two-month highs and closed in the green . The USD was supported by a number of optimistic economic releases from the USA. The ECB, as expected, kept the main parameters of monetary policy at the same level. The head of the Central Bank, Mario Draghi, said interest rates would remain at or below the level until at least the end of the first half of 2020. Financial market participants expect the Fed meeting, as well as a report on the US labor market in July. At the moment, EUR/USD quotes are consolidating in the range of 1.11150-1.11450. Positions must be opened from these marks.

The Economic News Feed for 29.07.2019 is calm.

Indicators point to the strength of sellers: the price has fixed below 50 MA and 100 MA.

The MACD histogram is in the negative zone and continues to decline, which signals a bearish mood.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also sends a signal to sell EUR/USD.

Trading recommendations

• Support levels: 1.11150, 1.11000
• Resistance levels: 1.11450, 1.11850, 1.12100

If the price consolidates below the level of 1.11150, the price will fall toward 1.10800-1.10600.

Alternatively, the price will rise toward 1.11700-1.11900.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.24828
• Open: 1.24440
• % chg. over the last day: -0.24
• Day’s range: 1.24257 – 1.24596
• 52 wk range: 1.2397 – 1.3385

The bearish mood prevails on the GBP/USD currency pair. During yesterday’s and today’s trading, the drop in quotes exceeded 50 points. The pound has updated local lows. At the moment, the key range is 1.24200-1.24550. GBP/USD quotes have the potential to further decline. Investors are concerned about the “tough” Brexit scenario. Today, financial market participants will evaluate the US GDP report. We recommend to open positions from key levels.

The Economic News Feed for 29.07.2019 is calm.

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

The MACD histogram is in the negative zone and continues to decline, indicating a drop in GBP/USD quotes.

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

Trading recommendations

• Support levels: 1.24200, 1.23850
• Resistance levels: 1.24550, 1.24900, 1.25200

If the price consolidates below 1.24200, the price will fall toward 1.23850-1.23600.

Alternatively, the quotes will grow toward 1.24800-1.25000.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.31395
• Open: 1.31556
• % chg. over the last day: +0.14
• Day’s range: 1.31528 – 1.31683
• 52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair has once again shifted to growth. CAD updated local maxima. At the moment, the USD/CAD quotes are consolidating near the resistance level of 1.31700. Mark 1.31450 is already a “mirror” support. Trading instrument has the potential for further growth. Financial market participants expect a report on US GDP. We also recommend to pay attention to the dynamics of oil prices. Positions must be opened from key levels.

The Economic News Feed for 29.07.2019 is calm.

Indicators point to the strength of buyers: the price has fixed above 50 MA and 100 MA.

The MACD histogram is in the positive zone and continues to rise, which signals a further increase in the USD/CAD quotes.

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

Trading recommendations

• Support levels: 1.31450, 1.31200, 1.30950
• Resistance levels: 1.31700, 1.32000

If the price consolidates above the level of 1.31700, the price will grow toward 1.32000-1.32200.

Alternatively, the price will drop toward 1.31200-1.31000.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 108.648
• Open: 108.629
• % chg. over the last day: -0.03
• Day’s range: 108.419 – 108.686
• 52 wk range: 104.97 – 114.56

USD/JPY stabilized after a significant increase last week. At the moment, the trading instrument is consolidating. Unidirectional trend is not observed. The key support and resistance levels are 108.450 and 108.750, respectively. USD / JPY quotes have the potential for further growth. We recommend to pay attention to the dynamics of the yield of US government securities. Positions must be opened from key levels.

The Economic News Feed for 29.07.2019 is calm.

The price fixed above 50 MA and 100 MA which points to the power of the buyers.

The MACD histogram is above 0. There are no signals.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which gives a signal to buy USD/JPY.

Trading recommendations

• Support levels: 108.450, 108.250, 108.000
• Resistance levels: 108.750, 109.000

If the price fixed above 108.750, expect further growth toward 109.000-109.200.

Alternatively, the price will descend toward 108.250-108.100.

by JustForex

By TheTechnicalTraders.com

In the first part of this multi-part technology sector research post, we highlighted our previous research and predictive modeling result that suggest the US and global stock markets are poised for a peak/roll-over within the next 30+ days.  Our predictive modeling systems and cycle analysis tools are pointing to August 19, 2019, critical inflection date that we believe will become the “breakdown date” for this next big move to the downside.

Part of our effort to help skilled technical traders is to provide research posts, like these, that highlight trade setups and allow our followers to understand the type of trading opportunities that are present for them to consider in the future.  We believe the next 30+ days will prove our predictions are accurate and that the US/Global stock markets will roll-over into a new bearish trend – likely breaking downward near August 19, 2019.

With this in mind, Part II will continue to explore trade setups and opportunities related to our belief that the NQ/Technology Sector will become one of the biggest rotations when this move happens.

NQ/TECS price prediction

Our downside NQ price prediction supports a hedging trade in TECS for skilled technical traders.  If our predictions are accurate, then the risk levels for a strategic trade in TECS are only about 10% to 15% from current price levels and the upside profit potential is 12% to 35% (or more).  We are actively seeking an entry price near recent lows in TECS (near $11 or lower) over the next 2+ weeks as we watch the US stock market continue to attempt to push to new highs.

TNA, Small Cap Bull ETF

The TNA, Small Cap Bull ETF, is often a leader for the US major markets.  This Weekly chart highlights the weakness that is found in the Small Caps compared to the NQ chart above.  While the NQ chart has continued to push higher, the TNA chart has rolled-over and has weakened substantially from the October to December 2018 rotation.  It is our belief that the continued price weakness in the Small Caps will provide a leading price confirmation of the US major markets price rotation downward over the next few weeks and months.

We also believe the Transportation Index (TRAN) will lead the markets lower over the next few weeks and months.  Skilled traders must learn to search for these market-leading triggers/signals to stay ahead of the next big price swings.

So, within this article, we’ve highlighted three incredible trading opportunities and setups for skilled technical traders.  Each one is aligned to a single event that may happen in the future and each one varies in the price level, scale, and scope for different skill levels of traders. The opportunities for these types of trades in 2019 and 2020 keep setting up over and over again.  We believe the next 2 to 3 years are going to continue to create incredible opportunities for us as technical traders. You can become a technical trader with us before Aug 1st if you ack now!

There are dozens of great trades setting up right now in preparation for the August 19 price peak/price rotation that we predicted months ago.  The markets are setting up for some really big swing trades and we urge all traders/investors to be prepared for these moves by joining my Wealth Building Newsletter

5 other crucial warning signs about the US markets topping and the pending gold and silver bull market

In early June I posted a detailed video explaining in showing the bottoming formation and gold and where to spot the breakout level, I also talked about crude oil reaching it upside target after a double bottom, and I called short term top in the SP 500 index. This was one of my premarket videos for members it gives you a good taste of what you can expect each and every morning before the Opening Bell. Watch Video Here.

I then posted a detailed report talking about where the next bull and bear markets are and how to identify them. This report focused mainly on the SP 500 index and the gold miners index. My charts compared the 2008 market top and bear market along with the 2019 market prices today. See Comparison Charts Here.

On June 26^th I posted that silver was likely to pause for a week or two before it took another run up on June 26. This played out perfectly as well and silver is now head up to our first key price target of $17. See Silver Price Cycle and Analysis.

More recently on July 16^th, I warned that the next financial crisis (bear market) was scary close, possibly just a couple weeks away. The charts I posted will make you really start to worry. See Scary Bear Market Setup Charts.

CONCLUDING THOUGHTS:

In short, you should be starting to get a feel of where stocks are headed along with precious metals for the next 8-24 months. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months.

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities starting to present themselves will be life-changing if handled properly.

FREE GOLD OR SILVER WITH MEMBERSHIP!

Kill two birds with one stone and subscribe for two years to get your FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis!

Chris Vermeulen – www.TheTechnicalTraders.com

by JustForex

On Friday, the US dollar rose against a basket of major currencies and reached two-month highs. The US dollar index (#DX) closed in the green zone (+0.20%). Positive economic data from the US supported the American currency. Thus, US GDP (q/q) grew by 2.1% in the second quarter, while experts expected growth by 1.8%. This week, investors will be focused on the Fed’s monetary policy decision. Experts expect that the regulator will reduce the interest rate for the first time in more than a decade due to the slowdown of economic growth and inflation. The Fed meeting will take place on July 31. Investors will closely monitor the comments by representatives of the Central Bank.

Also, financial market participants will be focused on trade negotiations between the United States and China. US Trade Representative, Robert Lighthizer, and US Treasury Secretary, Steven Mnuchin, will travel to Shanghai for a new round of talks with Chinese representatives on Tuesday. China’s Vice Premier, Liu He, will lead the trade delegation for China’s part.

UK Foreign Secretary, Dominic Raab, said that the UK accelerated preparations for “hard” Brexit – without an agreement with Brussels. The official reported that the new Prime Minister, Boris Johnson, made the decision and the Cabinet supported him.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing the mark of $56.25 per barrel.

Market Indicators

On Friday, the bullish sentiment was observed in the US stock markets: #SPY (+0.67%), #DIA (+0.17%), #QQQ (+1.03%).

The 10-year US government bonds yield has moved away from local highs. Currently, the indicator is at the level of 2.06-2.07%.

Today, the publication of important economic news is not expected.

by JustForex

By Admiral Markets

Source: Economic Events July 29, 2019 – Admiral Markets’ Forex Calendar

With a very thin economic calendar today, Monday, and the Fed rate decision coming on Wednesday, we want to focus now on the technical picture in the DAX30 CFD.

After the ECB “delivered”, as expected, a very dovish statement last Thursday with keeping interest rates unchanged, but an adjusted forward guidance which allows rate cuts, but also rate tiering (to relieve pressure on European banks resulting out of a collapse in yields) and QE in the near-term, the comments from ECB president Draghi that no rate cuts were discussed at the meeting among board members, pushing the German index aggressively lower.

Interesting enough, the DAX30 CFD found support around 12,300 points, but couldn’t recapture the region around 12,440/460 points into the weekly close.

In our opinion, this should be seen as the trading floor in which the German index will trade at least until the Fed on Wednesday.

Still, since the 1980s Equity markets have seen a drift higher in the hours before the Fed rate decision, expecting an equity-friendly stance.

That said, we tend to see a higher likelihood of an attempt to break above 12,440/460 points which could open the door for further gains up to 12,600 points.

On the downside a break below 12,300 points levels the path down to 12,150/200 points:

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between 09 July 2019 to 26 July 2019). Accessed: 26 July 2019 at 10:00 PM GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD daily chart (between 17 April 2018 to 26 July 2019). Accessed: 26 July 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 DAX30 CFD increased by 2.65%, in 2015, it increased by 9.56%, in 2016 it increased by 6.87%, in 2017 it increased by 12.51%, in 2018 it fell by 18.26%, meaning that after five years, it was up by 10.5%.

Investing in Forex with Admiral Markets

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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

By TheTechnicalTraders.com

As we near the important date of August 19, 2019, and we watch how the markets are reacting based on our earlier predictions, it is becoming evident that the US stock markets and global stock markets are following our predictions very well.  The fact that these markets are doing almost exactly what we predicted months ago suggests that our call for an August 19, 2019 breakdown in the US/Global markets should also align with price activity very well.

This Q2 earnings week and the continued shifting of capital withing the global markets are suggesting a couple of things that traders need to be aware of :

_  Quite a bit of capital has already been pulled out of the global markets over the past 60+ days.

_  The US Fed has hinted that a rate decrease may be in the works over the next few months – suggesting that the Fed is more concerned with increasing economic activity than further normalization efforts.

_  China, Asia, and Europe continue to deal with slumping economic activity, demand and output.

_  Deutsche Bank is an unknown factor that could turn into a black-hole for the global banking system

_  Global derivatives activities have decreased tremendously over the past 15+ months.

We suggest that everyone take a few minutes to review these recent research posts to better understand what is actually happening in the US/global markets.

– NASDAQ Targeting 8031 Forecast
– PART II – Global Debt Crisis
– Earning Surprises- Watch Out!

Our belief that the US stock market would continue to push higher while attempting to break key psychological price levels has played out perfectly.  The recent Q2 earnings data has accomplished just what we expected – a continued upside price bias with moderate volume.  This move has pushed the VIX into a lower basing pattern and we believe the NQ may attempt to rally to levels above $8000 again (after breaching this level on July 16).

The key to everything our predictive modeling systems are suggesting is a “rollover in investor sentiment” that is likely to take place after Q2 earnings data is completed and in the midst of an August (Summer) slump in economic activity.  Our predictive modeling systems and cycle analysis tools have suggested that the US markets will find unexpected weakness starting in early August, peaking near August 19 (which is when we expect a breakdown event to occur) and continuing for many months after this move begins.

We believe this downside price move will be associated with some type of external economic impulse – such as a collapsing banking/debt sector in China, news of a hard Brexit taking place, a Deutsche Bank collapse or some type of external event that will prompt this downside price move.

As volatility continues to expand while capital is being pulled out of the markets, this creates a VOID of liquidity when an event like this takes place (similar to what happened during the Flash Crash event).  Traders should be very cautious right now because all of the evidence that we’ve been able to find suggest institutional level players have already scaled out of the markets and move into protective investments.  Thus, any real breakdown in the markets could be vicious and aggressive at this point.

This Weekly NASDAQ Futures Chart highlights the BLUE ELLIPSE resistance level that price is currently testing.  It is our belief that price will run into extreme resistance at this level and roll-over into a downtrend over the next 30+ days.  Our Fibonacci price modeling system is suggesting a downside target of 7000, 6000 and 5910.  The deepest of these levels align almost perfectly with the lows from December 2018 – a -25% price decline.

CONCLUDING THOUGHTS:

Do you want to know where other opportunities can be found based on this NQ prediction?  Are you ready for these types of great trade setups for the rest of 2019 and into 2020? In part II of this article, we’ll highlight two more great trade setups that align with our expectations for the US and global markets.

You should be starting to get a feel of where stocks are headed along with precious metals for the next 8-24 months. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months.

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities starting to present themselves will be life-changing if handled properly.

FREE GOLD OR SILVER WITH MEMBERSHIP!

Kill two birds with one stone and subscribe for two years to get your FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis!

Chris Vermeulen –  TheTechnicalTraders.com

Article By RoboForex.com

EURUSD

The pair has reached the goal of the declining matrix at 1.1104 and performed a correction, returning to 1.1184. At the moment the market is trading in another declining wave. Today hitting 1.1115 looks possible. Then a correction to 1.1150 may follow, then – a decline to 1.1104. Upon breaking this level, the trend may continue to 1.1072.

GBPUSD

The instrument has broken 1.2463 downwards. There is potential for declining to 1.2430.Then growth to 1.2463 is expected, followed by a decline to 1.2406.

USDCHF

The pair has gone through a growing matrix and its correction. The market is trading under pressure for growth today. A consolidation range has formed around 0.9905. Upon breaking it upwards, a rise to 0.9942 may become possible. The goal is local.

USDJPY

The instrument has undergone growth and extension to 108.67. At the moment the market is trading inside the consolidation range. Today the price may decline, break through the ascending channel and start another declining wave, aiming at 107.94. The goal is first.

AUDUSD

The pair has reached the main goal of the declining wave. Keeping in mind the breakaway of the matrix channel, practically, today it may keep declining along the trend to 0.6911. The goal is local.

USDRUB

The pair has completed two impulses of decline. Today we are considering the possibility of development of a third impulse of decline to 62.72, followed by growth to 63.15, then a decline to 62.25.

GOLD

Gold is trading under pressure for decline. The market has broken through 1416.83 top down. At the breakaway a consolidation range has formed. This scenario confirms the development of the third wave of growth. The goal is at 1400.00. After that a correction to 1416.80 is possible.

BRENT

Oil has formed a consolidation range above 62.95. Upon breaking it downwards, a decline to 61.70 seems possible. The goal is local. Upon escaping upwards, the trend may continue to 65.60.

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.