InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD completed the first ascending waver along with the correction; right now, it is trading upwards. Possibly, the pair may form one more ascending structure with the short-term target at 1.1197. After that, the instrument may start another decline towards 1.1166 and then resume growing to reach 1.1216.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading upwards. Today, the pair may reach 1.2666 and then form a new descending structure towards 1.2626. Later, the market may start a new growth with the first target at 1.2696.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF formed the consolidation range around 1.0006; it broke the range downwards and may form a new descending structure with the short-term target at 0.9948. After that, the instrument may start another growth to return to 1.0006 and then resume trading downwards with the target at 0.9915.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY broke 108.77 and may continue trading inside the downtrend with the target at 107.88. Later, the market may form one more ascending structure to test 108.77 from below and then resume trading inside the downtrend with the target at 106.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD reached its predicted upside target. Possibly, today the pair may consolidate around 0.6940. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 0.6900; if to the upside – continue trading upwards to reach 0.6975.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB broke the descending channel to the downside. Possibly, the pair may start another decline to reach 6484 and then form one more ascending structure towards 65.20. After that, the instrument may break this level upwards and continue trading upwards with the target at 65.56.

XAUUSD, “Gold vs US Dollar”

Gold formed the consolidation range around 1293.10, broke it upwards, and then reached the short-term target at 1311.20; right now, it is growing towards 1316.77. Possibly, today the pair may start a new decline to return to 1293.10 and test it from above. After that, the instrument may form one more ascending structure towards 1316.77 and then resume falling to return to 1293.10.

BRENT

Brent formed the consolidation range around 65.37, broke it downwards, and then reached 61.55. Today, the pair may consolidate above this level. If later the price breaks this range to the upside, the instrument may start another growth to reach 65.40; if to the downside – resume trading inside the downtrend with the target at 61.00 and then form one more ascending structure towards 70.00.

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

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.11288
• Open: 1.11603
• % chg. over the last day: +0.34
• Day’s range: 1.11599 – 1.11900
• 52 wk range: 1.1111 – 1.2009

EUR/USD started to grow. The trading instrument updated the local maximums. The investors are worried about the escalation in the trading conflict. Donald Trump said that on June 10, Washington will introduce 5% fees o the goods from Mexico should the local leaders fail to stop the stream of illegal immigrants into the US. The EUR/USD quotes are consolidating around 1.11700-1.11900. Further growth of EUR is highly probable. Expect more economic releases and open positions from the key levels.

The Economic News Feed for 03.06.2019:

• – Industrial PMI (GER) – 10:55 (GMT+3:00);
• – Industrial PMI (US) – 17:00 (GMT+3:00);

The price fixed above 200 MA which points to the power of the buyers.

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

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points to the bearish mood.

Trading recommendations

• Support levels: 1.11700, 1.11450, 1.11250
• Resistance levels: 1.11900, 1.12150

If the price fixes above 1.11900, expect further growth towards 1.12150-1.12300.

Alternatively, the quotes can fall towards 1.11450-1.12300.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.26091
• Open: 1.26264
• % chg. over the last day: +0.19
• Day’s range: 1.26178 – 1.26552
• 52 wk range: 1.2438 – 1.3631

GBP/USD started to recver. Trading instrument set the new local maximums. The financial market participants started to fix the USD positions. Today Donald Trump will visit Great Britain. GBP/USD is consolidating. Local support and resistance are 1.26250 and 1.26550. GBP can correct further. You should open positions from the key levels.

At 11:30 (GMT+3:00) Great Britain will publish an industrial PMI.

The indicators do not provide precise signlas, the price fixed between 50 MA and 200 MA.

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

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which points to a bearish mood..

Trading recommendations

• Support levels: 1.26250, 1.25850, 1.25600
• Resistance levels: 1.26550, 1.26900, 1.27450

If the price fixes above 1.26550, expect further correction towards 1.27000.

Alternatively, the quotes can fall towards 1.25850-1.25600.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.35164
• Open: 1.35168
• % chg. over the last day: +0.06
• Day’s range: 1.34918 – 1.35270
• 52 wk range: 1.2727 – 1.3664

USD/CAD has an ambiguous technical picture. CAD is moving sideways. The key support and resistance levels are 1.34850 and 1.35250. USD/CAD has prospects for correction after a long rally. We expect reports from the US. Keep an eye on the oil quotes dynamics and open positions from the key levels.

The Economic News Feed for 03.06.2019 is calm.

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the negative zone and keeps descending which gives a signal to sell USD/CAD.

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

Trading recommendations

• Support levels: 1.34850, 1.34500, 1.34300
• Resistance levels: 1.35250, 1.35650

If the price fixes below 1.34850 expect correction towards 1.34500-1.34300.

Alternatively, the qutoes can grow toward 1.35500-1.35700.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.596
• Open: 108.264
• % chg. over the last day: -1.21
• Day’s range: 108.070 – 108.343
• 52 wk range: 104.97 – 114.56

USD/JPY shows agressive sales. On Friday, May 31 the quotes fell by 130 points and updated the key minimums. The demand on the safe assets grew after a trading conflict escalation. Donald Trump aanounced a 5% fee on the imported goods from Mexico, starting on June 10. The quotes are consolidating around 108.000 with 108.400 acting as a local resistance. USD/JPY can descend further.

Keep an eye on the US news feed.

• – Economic Event (JPY) – 00:00 (GMT+3:00);
• – Economic Event (JPY) – 00:00 (GMT+3:00);
• – Economic Event (JPY) – 00:00 (GMT+3:00);

The price fixed below 50 MA and 200 MA which points to the power of the buyers.

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 started to leave the oversold aone, the %K line is above the %D line which points to a correction.

Trading recommendations

• Support levels: 108.000, 107.500
• Resistance levels: 108.400, 108.850, 109.200

If the price fixes below the round 108.000 expect further descend towards 107.600-107.400.

Alternatively, the qutoes can recover towards 108.700-109.000.

by JustForex

By TheTechnicalTraders.com

Our research team believes Silver could be the Sleeper Rally setup of a lifetime for investors if the global economic cards continue to get scattered and crumpled over the next 10+ years.  The recent rally in Gold got a lot of attention last Friday (the end of May 2019).  We had been warning about this move for the past 8+ months and generated an incredible research post in early October 2018 that clearly highlighted our belief that Gold would peak above $1300 early in 2019, then stall and move toward $1270 near April/May 2019, then begin an incredible upside price rally in June/July/Aug 2019.  We couldn’t have been more clear about this prediction and we posted it publically in October 2018. See This Previous Gold Forecast Snapshot

Now, our research team is going to share with you some incredible insights into what may become the most incredible trade setup we’ve seen in the past 12+ years – the Sleeper Silver Setup.

Going all the way back to the early 1970s, when the Hunt Brothers ran most of the metals markets, we can see the incredible price rally in Silver from $1.28 per ounce to nearly $41.50 in late 1979.  This move setup with a very simple pattern – a high price breakout in 1973 that broke a sideways price channel and initiated a nearly 6+ year rally resulting in an incredible 3142% price increase from the lows.

Could it happen again?

Well, after this incredible price peak, the price of Silver languished and moved lower, eventually bottoming in 1991 near $3.50.  After that bottom setup, the price of Silver setup another sideways price channel and traded within this range until a 2004 High Price Breakout happened AGAIN.  It seemed inconsequential at the time – a rogue high price near $8.50.  Maybe that was it and maybe price would just rotate lower back to near the $4.00 range??

This High Price Breakout setup an incredible price rally that resulted in a continue price advance over the same 6+ year span of time.  This rally was not as big as the 1974 to 1979 price rally in percentage terms, but it was much bigger in terms of price valuation.  The 1979 price peak ended at $41.50 and resulted in a $40.25 price increase whereas the 2011 price peak resulted in a $46.32 price increase.

Will it happen again in our lifetime?

As incredible as it might seem, we believe Silver is setting up another High Price Breakout pattern that should conclude within the next 2 to 4 months with a price high near $22.50 to $24.00 (see our proprietary Fibonacci price modeling projections below).  After this peak is reached, hold on to your hat because we believe the upside price rally could mimic past rallies and attempt to immediately move the price of Silver to well above $85 per ounce.  Ultimately, we can only guess as to where the top of this move may end – but we can safely estimate it will likely top somewhere between $90 and $550. This, of course, will require some type of major bear market is other asset classes and possibly some global crisis but we believe it is very possible in due time.  Our predictive modeling systems will help us determine where the actual price peak will be as this unfolds over time.

And there you have it – one of the most incredible trade setups you’ll ever see in your lifetime.  Yes, it may happen twice in your life or more, but we believe this setup in Silver is just weeks or months from initiating the next upside price leg (the High Price Breakout) and we are alerting you now to be prepared.

UNIQUE PHYSICAL SILVER OPPORTUNITY:

We should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members was a quick 3.11% winner. Our VIX ETF trade also hit our 25% profit target within a few days of entry.

Now, I have a few silver rounds here at my desk I am going to give away and ship out to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

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SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!

Chris Vermeulen

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the pair is quickly trading upwards to update the high at 1346.68. Right now, XAUUSD is getting closer to the retracements of 61.8% at 1315.80.the next upside target may be the retracement of 76.0% at 1327.35. The support is at 1266.23.

In the H1 chart, the pair is rising steadily. The closest target is the retracement of 61.8% at 1315.80. The support level is the retracement of 38.2% at 1297.00.

USDCHF, “US Dollar vs Swiss Franc”

In case of the USDCHF, the after reaching the long-term retracement of 23.6%, USDCHF is trading close to 1.0000. The next downside target may be the retracement of 38.2% at 0.9836. At the same time, there is a convergence on MACD, which may indicate a possible pullback.

In the H1 chart, the pair is starting a new short-term rising correction. The upside targets may be the retracements of 23.6%, 38.2%, and 50.0% at 1.0002, 1.0020, and 1.0035 respectively. The local support is the low at 0.9972.

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 US dollar declined on Friday against a basket of major currencies due to threats by US President Donald Trump to impose duties on Mexican goods. The dollar index (#DX) closed in the negative zone (-0.39%). The demand for “safe” assets is still high. The Swiss franc and the Japanese yen have significantly strengthened against the greenback. US trade conflicts with China and Mexico had a negative impact on economic indicators. So, on Friday, Michigan consumer expectations and sentiment were published, which counted to 93.5 and 100.0 in May, respectively, and were worse than the expected values of 95.2 and 102.0.

On Friday, Canada GDP was also published. Thus, GDP (y/y) grew by 1.3%; GDP (q/q) increased by 0.5%, which turned out to be better than the forecasted growth by 0.4%. Today, during the Asian trading session, Chinese Caixin manufacturing PMI has been published, which has counted to 50.2 and has occurred to be better than the forecasted value of 50.0. We expect a number of important releases on economic activity.

The “black gold” prices are declining. At the moment, futures for the WTI crude oil are testing the mark of $53.00 per barrel.

Market Indicators

On Friday, aggressive sales were observed in the US stock market: #SPY (-1.35%), #DIA (-1.45%), #QQQ (-1.60%).

The 10-year US government bonds yield fell significantly. Currently, the indicator is at the level of 2.08-2.09%.

– German manufacturing PMI at 10:55 (GMT+3:00);
– UK manufacturing PMI at 11:30 (GMT+3:00);
– US ISM manufacturing PMI at 17:00 (GMT+3:00).

by JustForex

By Admiral Markets

Source: Economic Events 03 June 2019 – Admiral Markets’ Forex Calendar

Into the start of the new week of trading, we want to take a deeper look at Gold.

From a technical perspective the outlook switched to bullish with the head-shoulder formation staying active with the yellow metal trading over 1,310 USD into the start of the week.

The main driver seems to be US president Trump’s tweet on Friday, announcing imposing tariffs on Mexico, which resulted in a risk-off mode in financial markets with 10-year US Treasury again making new lows and targeting 2%, leaving gold gaining bullish momentum and closing the week above 1,300 USD.

By reconquering 1,310 USD into the start of the week, further gains up to 1,325 USD are to be expected. Still, we only see this level as a potential stop-over up to the current yearly highs of around 1,347 USD.Source: Admiral Markets MT5 with MT5SE Add-on Gold Daily chart (between 01 March 2018 to 31 May 2019). Accessed: 31 May 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 Gold fell by 1.7%, in 2015, it fell by 10.4%, in 2016 it increased by 8.1%, in 2017 it increased by 13.1%, in 2018, it fell by 1.6%, meaning that after five years, it was up by 6.4%.

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.

Admiral Markets

Analysis By Alpari

By Evan Lucas, FPMarkets.com

Currency Point: Central Week

Event Risk: ECB Rates Decision – No move expected market watching for commentary around ECB QE programs 

Watching: German CPI, Eurozone PMIs, European GDP, German IP

Data: May produced better than expected economic data with has stabilised the EUR’s decline. However, there is a clear scepticism in markets and economists alike about  Europe’s ‘growth recovery’ due to the US-China trade issues and a President threating European tariffs this growth does not appear sustainable – EUR headwinds.

ECB: Expect dovish communications from the ECB this week and when you coupled this with carry trade funding issue for the EUR over the medium term the EUR remains a bearish play.

The interim caveat is that if risk assets continue to unwind slightly one should expect an unwind some of EUR funded carry trades, so some possible buy backs. A ‘sell the dips’ trade  might be a good option.

AUD
Event risk: RBA Rate Decision – question is how many cuts will the bank enact in 2019 not if  they will cut on Tuesday as it’s a certainty.

Watching: Retail Sales, GDP, Trade balance, Home Loan application data

GDP: First quarter GDP is likely to follow the final half of 2018 with below trend growth. Last week’s CAPEX data underperformed both the market consensus and the RBA’s forecasts which confirms the markets expectations that Wednesday release will be 1.6% year-on- year.

Rates: Markets has a ‘locked in’ 2 rate cuts come December 2019 with a 40% chance of a third all this is AUD negative.

However, there is a caveat, bulk commodities are outperforming forecasts, iron ore hit over US$100 a tonne last week and there are signs net exports will continue to support overall  GDP. Economic weakness is present, it just might not be as large as some are forecasting.

JPY
Watching: Tokyo CPI, IP, Capital Spending, Labour Cash Earnings, Leading Index

Risk off: In a market of risk aversion and global risk JPY does remain attractive. The issues of the US-China trade war, global growth and the constant yield inversions across the global bond markets have FX markets looking to safe haven plays. Sentiment indicators suggest the JPY is nowhere near ‘extreme’ levels, thus there is further room in USDJPY and JPY crosses.

By Evan Lucas, FPMarkets.com

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After updating the low and almost reaching 1.1117, EURUSD has started consolidating around 1.1127. If later the price breaks this range to the upside, the instrument may be corrected to reach 1.1165; if to the downside – resume trading inside the downtrend with the target at 1.1050.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached another downside target. Today, the pair may be corrected to reach 1.2666 and then resume trading inside the downtrend with the short-term target at 1.2533.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 1.0073; it has broken this level downwards and reached its short-term target. Possibly, today the pair may return to 1.0073 and then start a new decline towards 1.0048. Later, the market may form one more ascending structure to break 1.0097 and then continue trading inside the uptrend with the target at 1.0120.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the correction at 109.91; right now, it is falling. Possibly, the pair may trade to break 109.12 and then reach the target at 108.62. After that, the instrument may test 109.25 from below and then resume trading inside the downtrend with the short-term target at 107.91.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.6900. Today, the pair may grow towards 0.6954 and then fall to break 0.6900. Later, the market may continue trading inside the downtrend with the target at 0.6800.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has returned to 64.85; right now, it is forming another ascending structure towards 65.55. After that, the instrument may resume trading inside the downtrend with the first target at 64.40.

XAUUSD, “Gold vs US Dollar”

Gold has reached 1290.40 during the correction. Possibly, today the pair may consolidate near the highs. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 1280.25.

BRENT

After failing to fix above 68.80, Brent has broken it downwards and almost reached the short-term target at 66.00. Possibly, today the pair may consolidate near the lows. Later, the market may form one more ascending structure towards 69.90 and then start a new decline to complete the correction at 64.40. After that, the instrument may continue trading inside the uptrend with the target at 77.20.

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.