InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1245. Today, the pair may fall to reach 1.1222 and then form one more ascending structure towards 1.1235. If later the price breaks range to the downside, the instrument may continue falling with the target at 1.1202; if to the upside – start a new correction to reach 1.1270. Later, the market may resume trading inside the downtrend with the target at 1.1111.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.3000. Possibly, today the pair may fall to reach 1.2970 and then start a new growth towards 1.2985. If later the price breaks range to the downside, the instrument may continue falling with the target at 1.2950; if to the upside – start another correction to reach 1.3045 and then form a new descending structure with the target at 1.2930.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 1.0142. Today, the pair may fall to reach 1.0126 and then form one more ascending structure to return to 1.0142. If later the price breaks range to the upside, the instrument may grow to reach 1.0160; if to the downside – start a new correction towards with the target at 1.0085 and then continue trading inside the uptrend towards 1.0250.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 111.94. Possibly, today the pair may fall to reach 111.65 and then grow to return to 111.94. If later the price breaks range to the downside, the instrument may continue falling with the target at 110.86; if to the upside – resume trading upwards to reach 112.30 and then form a new descending structure towards 110.80.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading towards 0.7127. Today, the pair may reach this level and then start a new growth with the target at 0.7165. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend towards 0.7071; if to the upside – continue the correction with the target at 0.7195.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 64.06. According to the main scenario, the price is expected to continue trading inside the downtrend with the short-term target at 63.03.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1275.50 near the lows. If later the price breaks range to the upside, the instrument may be corrected to test 1289.10 and then resume trading inside the downtrend with the short-term target 1260.00; if to the downside – start a new decline to reach the above-mentioned target and then resume trading upwards to return to 1289.10.

BRENT

After a gap up, Brent has extended the ascending structure and reached the target. According to the main scenario, the price is expected to form a new consolidation range near the highs. If later the price breaks range to the upside, the instrument may reach 75.05; if to the downside – start a new correction towards 71.95 and then form one more ascending structure with the target at 76.50.

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”

As we can see in the H4 chart, XAUUSD is forming a new descending impulse, which has already reached the retracement of 50.0%. At the same time, there is a convergence on MACD, which may indicate a new pullback towards the local resistance at 1289.20. After finishing the pullback, the instrument may start another descending impulse to reach the retracement of 61.8% at 1253.65.

In the H1 chart, the convergence made the pair start a new rising correction, which is getting close to the retracement of 23.6% at 1280.50. The next upside target may be the retracements of 38.2% and 50.0% at 1286.25 and 1290.80 respectively. The support is tat 1271.14.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is testing its mid-term high to break it. In case the price succeeds and fixes above it, the instrument may continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0247 and 1.0306 respectively. The support is the retracement of 76.0% at 1.0088.

In the H1 chart, the pair is testing the high and may start a new short-term pullback after it. The downside targets may be the retracement of 23.6%, 38.2%, and 50.0% at 1.0120, 1.0097, and 1.0078 respectively. The resistance level is the local high at 1.0159.

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

• Prev Open: 1.12288
• Open: 1.12399
• % chg. over the last day: +0.15
• Day’s range: 1.12359 – 1.12456
• 52 wk range: 1.1214 – 1.2557

The USD is being traded in balance with the other major currencies. The financial market in Australia, Hong Kong and many other major European countries are closed due to the Easter holidays. The trading activity and volatility can be lowered. EUR/USD is consolidated. The local support and resistance levels are 1.12300 and 1.12500. The trading instrument can descend further. You should open positions from the key levels.

At 17:00 (GMT+3:00) the US will publish the sales report on the secondary real estate market.

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

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

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

• Support levels: 1.12300, 1.12000
• Resistance levels: 1.12500, 1.12800, 1.13000

If the price fixes above 1.12300, expect further descend towards 1.12000.

Alternatively, the quotes can recover toward 1.12700-1.12900.

The GBP/USD currency pair

• Prev Open: 1.29832
• Open: 1.29848
• % chg. over the last day: +0.02
• Day’s range: 1.29848 – 1.29992
• 52 wk range: 1.2438 – 1.4378

GBP is stabilizing after a long fall last week. The GBP/USD quotes are consolidating next to the monthly minimums. The local support and resistance levels are 1.29800 and 1.30100. A further weakening of GBP remains possible. Keep an eye on the Brexit situation and open positions from the key levels.

The Economic News Feed for 22.04.2019 is calm.

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 GBP/USD.

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

• Support levels: 1.29800, 1.29500
• Resistance levels: 1.30100, 1.30350, 1.30650

If the price fixes below 1.29800, expect further descend towards 1.29500-1.29300.

Alternatively, the quotes can recover toward 1.30350-1.30500.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Registration The USD/CAD currency pair

• Prev Open: 1.33710
• Open: 1.33816
• % chg. over the last day: +0.12
• Day’s range: 1.33581 – 1.33900
• 52 wk range: 1.2248 – 1.3664

USD/CAD shows an ambiguous technical picture. The CAD is consolidating at 1.33550-1.33800 range. The demand is high due to positive oil quotes dynamics. The WTI futures set the new annual maximums. USD/CAD has a tendency to descend, you should open positions from the key levels.

The Economic News Feed for 22.04.2019 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, which points to the bearish mood.

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

• Support levels: 1.33550, 1.33400, 1.33150
• Resistance levels: 1.33800, 1.34000

If the price fixes below 1.33550, expect further descend towards 1.33000.

Alternatively, the quotes can grow towards 1.34000-1.34200.

The USD/JPY currency pair

• Prev Open: 111.952
• Open: 111.863
• % chg. over the last day: -0.04
• Day’s range: 111.836 – 111.990
• 52 wk range: 104.56 – 114.56

USD/JPY keeps consolidating in a narrow range. The technical picture remains ambiguous. The local support and resistance levels are 111.800 and 112.100. The financial market participants are waiting for additional drivers. Keep an eye on the US Treasury bonds’ yield and open positions from the key levels.

The Economic News Feed for 22.04.2019 is calm.

The indicators do not provide precise signals, the price crossed 50 MA.

The MACD histogram is close to 0.

The Stochastic Oscillator is near the oversold zone, the %K line is below the %D line, which gives a weak signal to sell USD/JPY.

• Support levels: 111.800, 111.600, 111.450
• Resistance levels: 112.100, 112.500, 112.750

If the price fixes below 111.800, expect further correction toward 111.600-111.400.

Alternatively, the currency pair can grow toward 112.300-112.500.

by JustForex

By TheTechnicalTraders.com

We know many of you follow our research posts and have been waiting for the Gold/Silver setup we predicted would happen near April 21~24, 2019 back in January 2019.  Well, it looks like our predictions were accurate and the current downward price rotation in Gold/Silver are the opportunities of a lifetime for precious metals traders.

Our original research regarding the predicted Gold price rotation and breakout initially posted in October 2018 and was updated in January 2019.  You can read our updated post here.

This research suggested, back in October 2018, that gold would rally above $1300, then stall and setup a momentum base near April 21~24, 2019.  Currently, we are actively seeking entry positions in Gold, Silver and many other stock market sectors related to the metals and miners.

We’ll start by highlighting the Gold to Silver price ratio.  When this ration moves well above 80, it is generally considered a long term buy trigger.  The reason for this is that this ratio attempt to reflect the price of Silver to the price of Gold.  When this level reaches above 80, it traditionally reflects an extremely cheap price ratio for both Gold and Silver and usually prompts a big price advance in the near future.

Taking a look at historical price moves for both Gold and Silver, we fall back to the big upward price advance that began after the 2009 market crash.  One thing that all traders and investors must understand is that, currently, Silver presents an incredible opportunity for bigger returns than Gold.  Yes, Gold will likely rally higher and provide an incredible opportunity for upside gains.  Yet, historically, Silver begins to move a bit later than Gold does and the upside potential of Silver tends to be 40~70% greater than the upside potential for Gold.

Take a look at this comparison chart, below, of the 2009 to 2011 price move.  Gold shot up nearly 100% – as shown on the chart.  Silver shot up over 150% when the breakout move happened a bit after the Gold move started.  We expect the same type of price advance pattern in the near future.  We expect Gold to begin the move higher and Silver to lag behind this upside move a bit – possibly for a few months.  Eventually, Silver will break to new multi-year highs and could rally 130% to 220% above current levels – possibly higher.

Over the next few months, we believe increased volatility in the US stock market may drive prices a bit lower as price rotates near all-time highs.  We believe this rotation, coupled with foreign market concerns (think Brexit, Europe, China, South America) as well as the US Election cycle may cause the markets to enter a period of stagnation and sideways trading.  These impulses may become a catalyst for precious metals to break recent highs and begin an upward price advance as a general increase in FEAR settles into the global markets.

We do believe Gold and Silver will likely move a bit higher over the next 30+ days as the US stock markets continue to push higher towards new all-time highs.  Yet, if the volatility increases, as we expect, and a bigger price rotation takes place (see the chart below), we believe Gold and Silver may experience another price drop to near or below current levels before a massive upside breakout move begins.  Historically, the price of Gold contracts throughout the initial price correction phase of the S&P500 and begins to accelerate upward near the end of a correction phase.  This is because investors and traders are typically shocked to see the correction take place and move into a protective mode as true fear sets in.  When fear subsides, traders move out of precious metals and back into stocks.

Our current expectations are that Gold will continue to push lower, below $1275, in an attempt to establish our April 21~24 momentum base.  This base should be at or near ultimate lows for the price of Gold and we would expect a pennant or sideways price channel to complete this bottoming formation.  Ideally, any price move below $1250 is a gift for skilled traders.  We’ll just have to wait to see where this bottom sets up before we know just how low Gold will fall before the next leg higher.

We believe the next upside price leg in Gold will push prices above $1400 initially, likely in May or June 2019.  After that peak is reached, we believe a period of rotation and a potential for a price decline is very real.  We believe this next leg higher will really to levels above $1400, then price will stall and retrace – possibly retracing back to levels below $1300 again.  It would be at that point that skilled traders should consider this the last opportunity for long entries before the bigger move to the upside.

Our research into this move, which initiated back in October 2018, has called these rotations almost perfectly.  If our newest research is correct, you will have at least two opportunities to enter fantastic long trades in Gold and Silver, one setup hitting between April 21 and April 28 and another setup after the initial upside price rally retraces (likely in June or July 2019).  After that last retracement, we believe the bigger upside rally will begin and both Gold and Silver will initiate a rally that could be an opportunity of a lifetime for skilled traders.

Follow our research by visiting TheTechnicalTraders.com to learn how we can help you find and execute better trades in 2019 and beyond.

Chris Vermeulen

by JustForex

Last week, the US dollar strengthened against a basket of major currencies. The dollar index (#DX) updated monthly highs and closed in the green. On Friday, the United States published weak statistics on the real estate market. Thus, the number of building permits counted to 1.269M in March, while experts forecasted 1,300M. Market activity was weak due to Good Friday. Today we also expect low volatility in the markets due to the Easter holidays.

From May, the United States intend to end sanctions waivers to a number of countries that import Iranian oil. Oil quotes are also growing against the instability in Libya and Venezuela. It should be recalled that the US imposed sanctions against Iran in November last year while giving 8 countries permission to continue purchasing Iranian oil until May 2, 2019, provided that they gradually reduce imports. These countries include China, India, Italy, Greece, Japan, South Korea, and the Taiwan authorities. Greece, Italy and Taiwan have already reduced their oil imports. China and India are still the largest importers of Iranian oil.

The “black gold” prices continue to show positive dynamics. Oil quotes have updated annual highs again, which supports the demand for commodity currencies. At the moment, futures for the WTI crude oil are testing $65.75 per barrel.

Market Indicators

On Friday, the US stock market did not work due to the Easter holidays.

The 10-year US government bonds yield is at 2.56-2.57%.

– Existing home sales in the US at 17:00 (GMT+3:00).

by JustForex

By Matthew Anthony, Alpari

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the descending structure at 1.1275, EURUSD has broken this level without any corrections and expanded the consolidation range. Today, the pair may form a new consolidation range around 1.1240. Possibly, the pair may form one more ascending structure to reach 1.1243 and then start another decline towards 1.1222. After that, the instrument may be corrected to reach 1.1263. If later the price breaks 1.1222 to the downside, the market continue trading inside the downtrend with the target at 1.1203.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is forming another descending structure towards 1.2977. Possibly, today the pair may reach this level and then start a new growth 1.3044. Later, the market may form a new descending structure with the target at 1.2964.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards without any corrections; right now, it is consolidating around 1.0145. Possibly, the pair may break the range to the upside to reach 1.0160 and then start a new correction with the target at 1.0084.

USDJPY, “US Dollar vs Japanese Yen”

After completing the descending structure at 111.76, USDJPY has returned to 111.98; right now, it is consolidating around this level. Today, the pair may break the downside border of the range and fall with the first target at. 111.33.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached its first downside target at 0.7136. Possibly, today the pair may be corrected towards 0.7165 and then resume trading inside the downtrend with the short-term target at 0.7106.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB continues forming the third descending wave. Today, the pair may fall to reach 63.71 and then form one more ascending structure towards 64.10. Later, the market may resume trading inside the downtrend with the short-term target at 63.05.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1275.50. Possibly, today the pair may break the range downwards and reach 1267.83. After that, the instrument may start a new growth towards 1289.10 and then resume trading downwards with the short-term target at 1260.00.

BRENT

Brent has rebounded from 71.33 to the upside; right now, it is still trading upwards. Today, the pair may reach 72.72 and then start a new correction towards 70.30. Later, the market may form one more ascending structure to break 73.73 and then continue trading inside the uptrend with the target at 75.00.

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 TheTechnicalTraders.com

This week I had a great conversation with Matt from Silver Fortune and we talked about silver and gold in

terms of accumulating physical metals and also trading paper metals for both long and short-term gains.

We also covered where the markets are within their overall cycles for long-term expectations.

Get Chris’ Daily Analysis & Trade Alerts

By TheTechnicalTraders.com

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the divergence made BTCUSD reached start a new descending correction, which has already reached the retracement of 23.6%. The next downside target may be the retracements of 38.2% and 50.0% at 4848.20 and 4658.10 respectively. If the price breaks the high at 5459.50, the instrument may continue the mid-term ascending tendency.

In the H1 chart, there is a divergence on MACD and the pair is about to finish the short-term rising impulse. After that, the instrument may start a new decline towards the retracement of 23.6% at 5082.00.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, the correctional downtrend has almost reached the retracement of 50.0%. After finishing this descending correction, the price may start a new rising impulse towards the high at 187.16.

In the H1 chart, ETHUSD is being corrected upwards and has already reached the retracement of 61.8%. The next target may be the retracement of 76.0% at 179.60. The support is at 165.50.

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

• Prev Open: 1.12931
• Open: 1.12288
• % chg. over the last day: -0.54
• Day’s range: 1.12271 – 1.12454
• 52 wk range: 1.1214 – 1.2557

Yesterday USD strengthened against other world currencies. The EUR/USD quotes fell by 60 points. The trading instrument updated the key minimums. EUR is under pressure due to the weak industrial business activity reports. The USD is supported by the optimistic US retail sales report. Right now EUR/USD have stabilized around 1.12300-1.12500. You should open positions from these levels.

The world financial platforms will be closed today. At 15:30 (GMT+3:00) the US will publish a real estate market report.

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

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

The Stochastic Oscillator is near the overbought zone, the %K line is above the %D line which points to the bullish mood.

• Support levels: 1.12300, 1.12000
• Resistance levels: 1.12500, 1.12800, 1.13000

If the price fixes below 1.12300, expect further descend towards at least 1.12000.

Alternatively, the quotes can recover toward 1.12750-1.12900.

The GBP/USD currency pair

• Prev Open: 1.30360
• Open: 1.29832
• % chg. over the last day: -0.41
• Day’s range: 1.29816 – 1.30014
• 52 wk range: 1.2438 – 1.4378

GBP ignored a positive retail sales report and closed yesterday`s trading session in the red. The GBP/USD quotes fell by 50 points. The demand for USD has grown after positive economic releases from the US. Right now GBP has stabilized next to 1.30 USD. The Brexit ambiguousness keeps pushing the pound down. The trading instrument can descend further. You should open positions from the key levels.

The Economic News Feed for 19.04.2019 is calm.

The price fixed above 50 MA and 200 MA which points to the power of the sellers.

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 is crossing the %D line. There are no signals at the moment.

• Support levels: 1.29800, 1.29500
• Resistance levels: 1.30150, 1.30500, 1.30700

If the price fixes below 1.29800, expect further descend toward 1.29500-1.29300.

Alternatively, the quotes can recover toward 1.30400-1.30600.

The USD/CAD currency pair

• Prev Open: 1.33410
• Open: 1.33710
• % chg. over the last day: +0.26
• Day’s range: 1.33658 – 1.33859
• 52 wk range: 1.2248 – 1.3664

Yesterday USD/CAD was in a bullish mood. The quotes have grown by 40 points and reached the monthly maximums. The demand for USD has grown due to positive economic reports. The CAD is consolidating around 1.33650-1.33850. You should open positions from these levels.

The Economic News Feed for 19.04.2019 is calm.

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

The MACD histogram is close to 0. There are no precise signals.

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

• Support levels: 1.33650, 1.33400, 1.33150
• Resistance levels: 1.33850, 1.34000

If the price fixes above 1.33850, expect further growth toward 1.34000-1.34300.

Alternatively, the qutoes can fall toward 1.33400-1.33200.

The USD/JPY currency pair

• Prev Open: 112.053
• Open: 111.952
• % chg. over the last day: -0.06
• Day’s range: 111.895 – 112.008
• 52 wk range: 104.56 – 114.56

USD/JPY keeps being traded in a long flat. There is no defined trend. Since the beginning of the week, the trading instrument has set the key support and resistance levels at 111.800 and 112.100 respectively. The financial market participants are waiting for additional drivers. A technical correction is possible soon. You should open positions from the key levels.

During the asian trading session, Japan published a positive inflation report.

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

The MACD histogram is close to 0.

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

• Support levels: 111.800, 111.600, 111.450
• Resistance levels: 112.100, 112.500, 112.750

If the price fixes below 111.800, expect further correction toward 111.600-111.400.

Alternatively, the quotes can grow toward 112.300-112.500.

by JustForex