InvestMacro

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7159; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7180 and then resume moving downwards to reach 0.7115. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7195. In this case, the pair may continue growing towards 0.7275.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6749; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6775 and then resume moving downwards to reach 0.6655. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6805. In this case, the pair may continue growing towards 0.6905.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3273; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3260 and then resume moving upwards to reach 1.3340. 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 cancelled if the price breaks the downside border of the cloud and fixes below 1.3225. In this case, the pair may continue falling towards 1.3105. After breaking the upside border of the Triangle pattern and fixing above 1.3295, 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.

Analytics by JustForex

The EUR/USD currency pair

• Prev Open: 1.14111
• Open: 1.13923
• % chg. over the last day: -0.16
• Day’s range: 1.13824 – 1.13985
• 52 wk range: 1.1214 – 1.2557

Yesterday EUR/USD was in a bearish mood. The USD is slightly strengthened against the EUR. The technical picture remains ambiguous, the quotes are moving sideways. The key levels are 1.13800 and 1.14100. You should open positions from these levels. A technical correction is possible soon.

The Economic News Feed for 17.01.2019:

• – Consumer Price Index (EU) – 12:00 (GMT+2:00);
• – Real Estate Market Report (US) – 15:30 (GMT+2:00);
• – PMI Index by the Federal Reserve of Philadelphia (US) – 15:30 (GMT+2:00).

The indicators point to the power of the buyers, the price fixes below 50 MA and 200 MA.

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

• Support levels: 1.13800, 1.13500
• Resistance levels: 1.14100, 1.14500, 1.14800

Should the price fix above 1.14100 expect the quotes to correct toward 1.14500-1.14800.

Alternatively the quotes can fall toward 1.13500-1.13300.

The GBP/USD currency pair

• Prev Open: 1.28573
• Open: 1.28775
• % chg. over the last day: +0.21
• Day’s range: 1.28628 – 1.28705
• 52 wk range: 1.2438 – 1.4378

GBP/USD is showing a variety of trends. Yesterday the UK published the Consumer Price Index, which grew by 2.1%, as expected. You should open positions from the key levels 1.28500 and 1.28900.

The Economic News Feed for 17.01.2019 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 signals.

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

• Support levels: 1.28500, 1.28000, 1.27500
• Resistance levels: 1.28900, 1.29400

If the price fixes below 1.28500, look for market entry points to open short positions. The movement will tend toward 1.28000-1.27800.

Alternatively the quotes can grow toward 1.29400-1.29600.

The USD/CAD currency pair

• Prev Open: 1.32685
• Open: 1.32530
• % chg. over the last day: -0.06
• Day’s range: 1.32769 – 1.32880
• 52 wk range: 1.2248 – 1.3664

USD/CAD keeps showing an ambiguous technical picture. Today the quotes slightly grew. The investors are waiting for additional drivers. Right now the key support and resistance levels are 1.32700 and 1.33000. You should open positions from these levels. The quotes can grow further.

The Economic News Feed for 17.01.2019 is calm

The indicators do not provide signals, 50 MA has crossed 200 MA.

The MACD histogram is in the positive zone, which points toward a bullish mood.

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

• Support levels: 1.32700, 1.32400, 1.32000
• Resistance levels: 1.33000, 1.33350, 1.33700

If the price fixes above 1.33000 consider buying USD/CAD. The movement will tend toward 1.33350-1.33500.

Alternatively the quotes can fall toward 1.32400-1.32200.

The USD/JPY currency pair

• Prev Open: 108.653
• Open: 109.102
• % chg. over the last day: +0.35
• Day’s range: 108.763 – 108.843
• 52 wk range: 104.56 – 114.56

USD/JPY was in a bullish mood. The quotes grew by 60 points. However, it is in a bearish mood now, with the key levels being 108.700 and 109.000. The quotes have a tendency to descend further.

The Economic News Feed for 17.01.2019 is calm.

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

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

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

• Support levels: 108.700, 108.450, 108.150
• Resistance levels: 109.000, 109.250

If the price fixes below the mirror support 108.700 expect the quotes to fall further toward 108.450-108.200.

Alternatively the quotes can grow toward 109.250-109.500.

Analytics by JustForex

by JustForex

During yesterday’s trading session, the US currency did not change a lot against the basket of major currencies. The US dollar index (#DX) closed yesterday in the positive zone (+0.07%). Today, important economic statistics will be published in the US. Investors’ attention is mainly focused on the Brexit.

After the Brexit vote, the leader of the Opposition Labour Party, Jeremy Corbyn, offered to carry out a vote of no confidence against the government of Prime Minister Theresa May. Yesterday, members of the House of Commons of the UK Parliament expressed confidence in the government: 306 members of parliament supported Theresa May and 325 deputies voted against. If the government faced a no-confidence vote, it could dent the position of Great Britain even more. The issue concerning Brexit is still unresolved. As it became known, the European Union is ready to postpone the process of the UK exit from the EU on the latter half of 2019. According to the plan, Brexit was supposed to end on March 29.

The “black gold” prices are declining after the release of the report on crude oil inventories in the US. At the moment, futures for the WTI crude oil are testing the mark of $51.85 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (+0.24%), #DIA (+0.51%), #QQQ (-0.02%).

The 10-year US government bonds yield is at the level of 2.70-2.71%.

– Consumer price index in the Eurozone at 12:00 (GMT+2:00);
– Data on the real estate market in the US at 15:30 (GMT+2:00);
– Philadelphia Fed manufacturing index at 15:30 (GMT+2:00).

by JustForex

By Matthew Anthony, Alpari

By TheTechnicalTraders.com

Near December 21, 2018, our research team began a series of posts indicating the US Major Indexes should be set up for the “Ultimate Bottom” low that we suggested would take place after the US Elections (November 2018) and which would launch an upside price rally.  Today, we are writing to announce that the first leg of this upside move appears to be nearly completed.

It is critical to mention here that as of only a day go the short-term market trend from a technical standpoint has turned up. So, getting long before this point would be trying to catch a bottom which is tough and risky to do. The good news is that we are expecting a second leg higher after we get some rotation to the downside.

Using our Adaptive Fibonacci Price Modeling system, we can see that the current prices of the ES and NQ are very near to the immediate Fibonacci Price Target Zone.  You will see from the following charts that both the ES and NQ are already within this zone and/or very near to what we believe will be immediate resistance.  This means we should expect a bit of price rotation near these levels before another upside leg takes place driving prices higher.

This first Daily ES chart shows the Fibonacci Target Zone clearly in Green.  You can see how price has rallied up to near this level and may even rally a bit further before rotating downward a bit.  Remember, price rotation in a trend is very healthy for normal markets.  When price moves extensively in one direction or another is somewhat unhealthy and dangerous.  When price moves up or down in rotating waves or price cycles, this is a very healthy means for the price to establish support/resistance and to wash out groups of traders that may be biased in the markets.

This Daily NQ chart shows a very similar, although more narrow, Fibonacci Target Zone.  The result is virtually the same as the ES chart.  Price should attempt to establish some resistance within this zone and the potential for a downside price rotation increases near this level.  We are expecting a downward price move, possibly toward the BLUE Fibonacci downside target square level, before the price rally resumes to drive prices above recent highs and into the next leg higher.

If you have followed our analysis, on September 17, 2018, we predicted 4~5 months into the future what would likely happen.  Our call for an “Ultimate Low” price reversal after the Nov 2018 elections appears to be setting up perfectly.  Although we did not predict this extreme low price level in that research post, the overall expectations we had in September were nearly perfect.

If the remainder of our analysis continues to play out as accurately, we should be setting up for a very big move to the upside over the next couple of months.  It will likely be paired with decent earnings data from the US, moderately strong economic data and the resulting economic improvements of a China Trade Deal and the resolution to the US Government Shutdown.  The issues in Europe are set to reach a peak somewhere near March or April 2018.  We expect the US markets to be trading several percents higher by that time.

Pay attention to these markets moves.  2019 is poised to be a very exciting and profitable year for skilled traders and wise investors.  Visit TheTechnicalTraders.com to get our daily and weekly analysis forecast complete with long term investing swing trading, and index day trade signals.

53 years experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our index, stock and ETF trading alerts are readily available through our exclusive membership service via email and SMS text. Our newsletter, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.

Chris Vermeulen

By George Prior

Theresa May’s win in the Vote of No Confidence signals “more opportunities than risk for sterling and UK assets” from here, affirms the CEO of one of the world’s largest independent financial advisory organizations.

The bold assertion from Nigel Green, founder and chief executive of deVere Group, comes after the UK Prime Minister clung on to power in a confidence vote on Wednesday evening, a day after her Brexit deal was crushed in the worst ever defeat for a sitting government on Tuesday.

Mrs May won 325 to 306 votes.

Nigel Green notes: “This win for Mrs May – which follows her previous confidence vote win in December – will eliminate, for the time being, the risk of a general election being called.  It therefore removes the risk of an incoming Labour government.

“The likely consequence of May’s Brexit bill defeat is to reduce the risk of a no deal Brexit, since Parliament will now have greater involvement in the Brexit process. This is good news for sterling and UK financial assets.

“Now we have the news that an election is unlikely to be called in the near future, while new Brexit options are being explored. This too will please financial markets.”

He continues: “The pound, the FTSE and UK financial assets can be expected to rally in the short-term at least.

“Indeed, based on these latest developments, most scenarios favour sterling and UK stocks as they are currently undervalued.

“I believe there to be more opportunities than risk for sterling and UK assets from here.”

Mr Green goes on to say: “But there is a long way to go in recovery to reach pre-Brexit levels – and with so many question marks still surrounding the UK’s divorce from the EU, it is likely to be a bumpy ride.”

The deVere CEO concludes: “Those investors who maintain a properly diversified, multi-asset portfolio will be best-placed to take advantage of the key opportunities and mitigate the potential risks.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

By Tomasz Wisniewski, Alpari

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has reached the target of the third descending wave; right now, it is forming the first correctional structure with the target at 1.1418. Later, the market may fall towards 1.1399 and then grow to reach 1.1438. After that, the instrument may test 1.1418 from above, rebound from it, and ten form one more ascending structure with the target at 1.1462.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed another descending wave at 1.2688, but then quickly returned to 1.2888. Possibly, today the pair may fall to reach 1.2788, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue trading upwards with the target at 1.2950; if to the downside – resume trading inside the downtrend towards 1.2788.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the short-term upside target. Today, the pair may fall to reach 0.9845 and then continue trading inside the uptrend with the target at 0.9975.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 108.17. If the instrument breaks 108.64 to the upside, the price may continue trading inside the uptrend with the target at 109.31; if 108.15 to the downside – start a new decline towards 105.95.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7194. According to the main scenario, the pair is expected to fall towards 0.7129 and then start a new growth to reach 0.7230. Later, the market may be corrected with the target at 0.7020.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading around 66.98 without any particular direction. Possibly, today the pair may expand the range towards 66.50 and then grow to reach 66.90. If the instrument breaks this range to the upside, the price may start a new correction with the target at 68.15; if to the downside – resume trading inside the downtrend towards 64.95.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating at the top around 1288.55. Possibly, the pair may expand the range towards 1297.60 and then resume falling to reach 1282.22. Later, the market may form one more ascending structure to reach 1300.00 and then start a new decline with the first target at 1276.50.

BRENT

Brent is trading upwards. Possibly, the pair may extend this ascending structure towards 60.97 and then complete the correction by falling and reaching 57.66. After that, the instrument may resume growing with the first target at 64.34.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a convergence on MACD that made GBPUSD start a new correctional uptrend, which has already reached the retracement of 23.6%. In the future, the correction may continue towards the retracements of 38.2% and 50.0% at 1.3154 and 1.3385 respectively. The support level is at 1.2397.

In the H1 chart, there pair has been corrected to the downside by 50.0% and then formed a new rising impulse. If the price breaks the high at 1.2930, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3030 and 1.3093 respectively.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, after finishing the quick descending impulse, EURJPY is forming a new correctional uptrend towards the retracements of 50.0% and 61.8% at 125.55 and 127.34 respectively. The support level is at 121.55.

In the H1 chart, the pair is being corrected to the downside and has already reached the retracement of 23.6%. The next possible targets of this correction may be the retracement of 38.2% at 122.37. At the same time, there is a convergence on MACD, which may indicate a new growth after the price reaches its targets.

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.

Analytics by JustForex

The EUR/USD currency pair

• Prev Open: 1.14675
• Open: 1.14111
• % chg. over the last day: -0.56
• Day’s range: 1.13931 – 1.14113
• 52 wk range: 1.1214 – 1.2557

Yesterday EUR/USD was in a bearish mood. The quotes descended by more than 100 points. Right now the trading instrument is in the sideways movement. The key levels are 1.13900 and 1.142520. You should open positions from the key levels, but consider that the pair has further descend prospects.

The Economic News Feed for 16.01.2019:

• – Retail Sales Reprort (US) – 15:30 (GMT+2:00);
• – Federal Reserve’s Beige Book (EU) – 21:00 (GMT+2:00);

The indicators point to the power of the buyers, the price fixed below 50 MA and 200 MA.

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 in the neutral zone but above the signal line which gives a weak signal to sell EUR/USD.

• Support levels: 1.13900, 1.13550
• Resistance levels: 1.14250, 1.14650, 1.15000

If the price fixes below the local support of 1.13900 expect further descend toward 1.13550-1.13200.

Alternatively the quotes can grow toward 1.14650-1.14800.

The GBP/USD currency pair

• Prev Open: 1.28560
• Open: 1.28833
• % chg. over the last day: +0.05
• Day’s range: 1.28556 – 1.28954
• 52 wk range: 1.2438 – 1.4378

1.2438 – 1.4378

At 11:15 (GMT+2:00) the UK will publish the consumer price index.

Indicators do not provide precise signals, the price has 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 points to a bearish mood.

• Support levels: 1.28400, 1.28000, 1.27500
• Resistance levels: 1.29000, 1.29400

If the price fixes below 1.28400, look for the market entry points to open short positions. The movement will tend toward 1.2800-1.27800.

Alternatively the quotes can grow toward 1.29400-1.29600.

The USD/CAD currency pair

• Prev Open: 1.32817
• Open: 1.32685
• % chg. over the last day: -0.20
• Day’s range: 1.32452 – 1.32545
• 52 wk range: 1.2248 – 1.3664

The USD/CAD are moving sidewards. The investors are waiting for additional drivers. You should keep an eye on the oil quotes dynamics. The key support and resistance levels are 1.32350 and 1.32700. Positions should be opened from the key levels.

The Economic News Feed for 16.01.2019 is calm.

The price fixed below 50 NA and 200 MA which points toward a bearish mood.

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

The Stochastic Oscillator is close to the oversold zone, the %K line is crossing the %D line. There are no precise signals.

• Support levels: 1.32350, 1.32000
• Resistance levels: 1.32700, 1.33100, 1.33600

If the price fixes above 1.32700 you should consider buying USD/CAD. The movement will tend toward 1.33100-1.33300.

Alternatively the quotes can fall toward 1.32000-1.31700.

The USD/JPY currency pair

• Prev Open: 108.154
• Open: 108.653
• % chg. over the last day: +0.45
• Day’s range: 108.546 – 108.641
• 52 wk range: 104.56 – 114.56

Yesterday the USD/JPY was in a bullish mood. The quotes grew by more than 60 points. This mood remains. The key levels are 108.4501 and 108.700. You should open positions from them and consider that the quotes have prospects for further growth.

The Economic News Feed for 16.01.2019 is calm.

The indicators do not provide precise signals, 50 MA has crossed 200 MA.

The MACD histogram is in the positve zone but below the signal line, which gives a weak signal to buy USD/JPY.

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

• Support levels: 108.450, 108.150, 107.800
• Resistance levels: 108.700, 109.000, 109.300

If the price fixes above 108.700 expect the quotes to grow toward 109.000-109.200.

Alternatively the quotes can fall toward 108.150-108.000.

Analytics by JustForex