InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range in the form of the Triangle pattern; right now, it is trading directly in the center. According to the main scenario, the pair may fall towards 1.1313. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 1.1230. The key target after the pair breaks the pattern is at 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has returned to 1.2640; right now, it is consolidating around it. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.2750; if to the downside – resume trading inside the downtrend with the target at 1.2360.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9933. Possibly, the pair may be corrected downwards to reach 0.9903. According to the main scenario, the price may resume trading inside the uptrend with the target at 1.0010 (after the instrument breaks 0.9955, the target may change).

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has expanded its consolidation range upwards. Possibly, today the pair may expand it downwards to reach 112.99 and then grow towards 113.30. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 112.20.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating close to the downside border of the range. If the instrument breaks 0.7180 to the downside, the price may start another decline to reach 0.7140. Later, the market may form one more ascending structure towards 0.7200 and then resume trading inside the downtrend with the short-term target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating above 66.16. Later, the market may break the range downwards and then resume trading inside the downtrend with the short-term target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading downwards. Today, the pair may continue the correction towards 1235.90 and then start a new growth to reach 1243.40, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may grow to reach 1252.30; if to the downside – resume trading inside the downtrend with the target at 1212.72.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 67.77. The key target is at 73.00.

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.

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, after testing the previous low, BTCUSD started a new descending impulse. The downside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 3098.00 and 2875.00 respectively. The resistance level is at 3820.00.

In the H1 chart, the pair has finished the short-term correction; right now, it is trading downwards. However, there is a convergence on MACD, which indicate a new correction to the upside after the instrument reaches the targets inside the post-correctional extension area between the retracements of 138.2% and 161.8%. The local resistance is at 3634.20.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, ETHUSD is still trading inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 87.50 and 81.00 respectively. In the future, the instrument may continue falling. The key resistance is the high at 98.04.

In the H1 chart shows more detailed structure of the current decline. Possibly, the pair may break the low at 81.00 and then continue trading towards inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 74.50 and 70.40 respectively.

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: 1.13681
• Open: 1.13595
• % chg. over the last day: -0.04
• Day’s range: 1.13363 – 1.13649
• 52 wk range: 1.1214 – 1.2557

The financial market participants are evaluating the results of the ECB meeting. The regulator, as expected, kept the fundamental parameters of the monetary policy at the previous levels. The Bank of Europe is concerned by the risks on the external markets, and therefore adjusted its EU GDP growth prospects for 2018-2019 to the worse. The EUR/USD currency pair is consolidating around 1.13400-1.13650. Positions should be opened from these levels. Important economic reports will be published today.

The Economic News Feed for 14.12.2018:

• – Manufactuting PMI in Germany (EU) – 10:30 (GMT+2:00);
• – Several Reports on Business Activity (EU) – 11:00 (GMT+2:00);
• – Retail Sales Reports (US) – 14:45 (GMT+2:00);

There are no precise signals: 50 MA has crossed 200 MA.

MACD histogram is around 0.

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

• Support levels: 1.13400, 1.13100
• Resistance levels: 1.13650, 1.13900, 1.14150

If the price fixes below the support level of 1.13400, you should look into opening short positions. The price will move toward 1.13000-1.12800.

Alternatively, the quotes can grow to 1.13900-1.14150.

The GBP/USD currency pair

• Prev Open: 1.26245
• Open: 1.26325
• % chg. over the last day: +0.18
• Day’s range: 1.25742 – 1.26623
• 52 wk range: 1.2477 – 1.4378

GBP/USD has stabilized. The pound is trading in a flat. The local support and resistance levels are 1.25800 and 1.26300. The financial market participants are waiting for the relevant data regarding Brexit. The US Retail report is in the spotlight. You should open positions from the key levels.

The News Feed is calm for today.

Indicators do not provide signals, the price has crossed 50 MA.

The MACD histogram is around 0.

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

• Support levels: 1.25800, 1.25400, 1.24850
• Resistance levels: 1.26300, 1.26800

If the price fixes below the round 1.25800, the GBP/USD quotes are expected to fall towards 1.25400-1.25000.

Alternatively they can rise to 1.26750-1.27000.

The USD/CAD currency pair

• Prev Open: 1.33504
• Open: 1.33452
• % chg. over the last day: +0.01
• Day’s range: 1.33452 – 1.33949
• 52 wk range: 1.2248 – 1.3445

The USD/CAD technical picture remains ambiguous. The CAD keeps trading in a long flat. The key support and resistance levels are 1.33600 and 1.34000 respectively. Important stats from the US are in the spotlight. You should keep an eye on the oil quotes dynamics. Positions should be opened from the key levels.

The News Feed for Canada is calm.

The price has fixed above 50 MA and 200 MA which indicates the power of the buyers.

The MACD histogram moved into the positive zone which indicates a bullish mood.

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

• Support levels: 1.33600, 1.33250, 1.32900
• Resistance levels: 1.34000, 1.34450

If the price fixes above 1.34000, you should consider entering the market with a long order. USD/CAD quotes will grow toward 1.34000-1.34300.

Alternatively, if the price fixes below 1.33600,, we recommend looking for market entry points to open short positions. The movement is tending to 1.33000.

The USD/JPY currency pair

• Prev Open: 113.277
• Open: 113.535
• % chg. over the last day: +0.26
• Day’s range: 113.423 – 113.652
• 52 wk range: 104.56 – 114.56

USD/JPY has been in a bullish mood for the last week. Right now the quotes are consolidating. The local support and resistance levels are 113.400 and 113.650. A technical correction is highly possible. You should keep an eye on the US economical news feed.

Tankan published a positive report during the Asian trading session.

The price has fixed above the 200 MA and 50 MA which points towards a bullish mood.

The MACD histogram is closing in on 0.

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

• Support levels: 113.400, 113.150, 112.900
• Resistance levels: 113.650, 113.850

If the price fixes above the support level of 113.650, it is necessary to consider buying USD/JPY. The movement is tending to 114.000.

Alternatively, the USD/JPY quotes can descend toward 113.150-113.000.

Analytics by JustForex

by JustForex

EUR is weakened against the USD after the ECB meeting. Yesterday the Bank of Europe kept the fundamental parameters of the monetary policy without changes, as the investors expected. However, Mario Draghi, the Head of the ECB, stated that they had adjusted their economic growth prospects for the end of 2018 and 2019 to the worse. Now the ECB expects the GDP growth for 2018 to reach only 1.8%, instead of September’s 2%. The prospects for 2019 also reach only 1.7% instead of 1.8%. Draghi gives the worse demand for the exported goods as the reasoning for the adjustments. The risks are also increased by the geopolitical factors, the threat of protectionism and the financial market volatility.

USD is strengthened against the other currencies. Yesterday a report was published on the number of initial claims for unemployment benefits. The indicator lowered to 206K while the experts expected 226K. The USD index (#DX) closed in the green (+0.04%). Today we expect important reports from the EU and the US.

Some reports from Japan and China were also published during the Asian trading session today. The Tankan Big Manufacturing Outlook Index (Q4) in Japan grew to 19 instead of 17, while the Tankan Large Non-Manufacturers Index (Q4) rose to 24 instead of 21. The growth of manufacturing volume in China slowed to 5.4% (YtY) which is worse than the expected 5.9%.

The prices on oil are lowering after the previous growth. The WTI futures are testing the 52.25 USD/barrel mark. At 20:00 (GMT +2:00) Baker Hughes will publish a report on the Total Oil Rig Count in the US.

Market indicators

Yesterday the US stock market had a variety of trends: #SPY (-0,03%), #DIA (+0,16%), #QQQ (+0,03%).

The 10-year US Treasury bonds yield is at 2.88-2.89%.

• – Manufacturing PMI (GER) – 10:30 (GMT+2:00);
• – Several Business Activity Reports (EU) – 11:00 (GMT+2:00);
• – Retail Sales Report (US) – 15:30 (GMT+2:00).

by JustForex

By Matthew Anthony, Alpari

By HoganInjury.com

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7228; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7255 and then resume moving downwards to reach 0.7125. 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 0.7295. In this case, the pair may continue growing towards 0.7385.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6862; 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 0.6885 and then resume moving downwards to reach 0.6755. 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 0.6915. In this case, the pair may continue growing towards 0.7025. After breaking the channel’s downside border and fixing below 0.6810, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3353; 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 1.3335 and then resume moving upwards to reach 1.3510. 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 1.3280. In this case, the pair may continue falling towards 1.3165. After breaking the upside border of the Triangle pattern and fixing above 1.3420, 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.

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still being corrected from the resistance level and forming Harami, Engulfing, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.

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: 1.13160
• Open: 1.13681
• % chg. over the last day: +0.50
• Day’s range: 1.13799 – 1.13850
• 52 wk range: 1.1214 – 1.2557

EUR/USD is in a bullish mood. Yesterday, the quotes grew by more than 80 pips. The USD is under pressure due to the weak inflation reports. Positions should be opened from the currency support and resistance levels 1.13700 and 1.14000. Investors are waiting for the ECB meeting. You should keep an eye on its results, as well as the comments made by the ECB representatives.

The Economic News Feed for 13.12.2018:

• – ECB decision on key interest rate (EU) – 14:45 (GMT+2:00);

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

MACD is in the positive zone 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 above the %D line, which indicates a bullish mood.

• Support levels: 1.13700, 1.13400, 1.13100
• Resistance levels: 1.14000, 1.14300

If the price fixes above the round 1.14000, expect further growth towards 1.14500-1.14750.

Alternatively, the quotes can descend to 1.13500-1.13300.

The GBP/USD currency pair

• Prev Open: 1.24846
• Open: 1.26245
• % chg. over the last day: +1.11
• Day’s range: 1.25984 – 1.26445
• 52 wk range: 1.2480 – 1.4378

GBP/USD is in the middle of an aggressive buyout. During the last two trading days the quotes grew by 170 pips. The Conservative Party of the UK voted on the confidence in the Prime Minister May. She was supported by 200 out of 317 conservatives and passed the votum of no confidence. The local support and resistance levels are 1.26400 and 1.27000. The trading instrument has prospects for growth.

The News Feed is calm for today.

The price is testing 200 MA which is a strong dynamic resistance.

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

Stochastic Oscillator is near the overbought zone, the %K line is above %D line, which also indicated a bullish mood.

• Support levels: 1.26400, 1.26000, 1.25600
• Resistance levels: 1.27000, 1.27400, 1.27800

If the price fixes above the round 1.27000, the GBP/USD quotes are expected to keep growing towards 1.27400-1.27600.

Alternatively they can descend to 1.26000-1.25800.

The USD/CAD currency pair

• Prev Open: 1.33892
• Open: 1.33504
• % chg. over the last day: -0.30
• Day’s range: 1.33436 – 1.33573
• 52 wk range: 1.2248 – 1.3445

USD/CAD keeps trading in a flat. The technical picture is ambiguous. Positions should be opened from the local support and resistance levels 1.33300 and 1.33700. Keep an eye on the oil quotes dynamic. USD/CAD quotes have potential to descend after a long rally.

The News Feed for Canada is calm.

The indicators do not provide singals: the price is being traded between 50 MA and 200 MA.

The MACD histogram is in the negative zone which indicates a bearish mood.

The Stochastic Oscillator is in the oversold zone, the %K line is below the %D line, which points towards the decline of the USD/CAD quotes.

• Support levels: 1.33300, 1.33000, 1.32600
• Resistance levels: 1.33700, 1.34000, 1.34300

If the price fixes above 1.33700, USD/CAD quotes will grow toward 1.34000-1.34300.

Alternatively, if the price fixes below 1.33300,, we recommend looking for market entry points to open short positions. The movement is tending to 1.33000-1.32600.

The USD/JPY currency pair

• Prev Open: 113.364
• Open: 113.277
• % chg. over the last day: -0.10
• Day’s range: 113.441 – 113.470
• 52 wk range: 104.56 – 114.56

USD/JPY has a rather ambiguous dynamic. The financial market participants are waiting for additional drivers. Positions should be opened from the key support and resistance levels 113.300 and 113.550. Keep an eye on the US Treasury bonds yield.

The price has fixed above the 200 MA and 50 MA which points towards a bullish mood.

The MACD histogram is in the positive zone which gives a strong signal to buy USD/JPY.

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

• Support levels: 113.300, 113.000, 112.700
• Resistance levels: 113.550, 113.800

If the price fixes above the support level of 113.550,, it is necessary to consider buying USD/JPY. The movement is tending to 113.800-114.000.

An alternative could be the descend of the USD/JPY quotes to 113.000.

Analytics by JustForex

By TheTechnicalTraders.com

Our team of researchers, at TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins.

The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242.  We predicted this move over 40 days ago with this research post.  We still believe Gold and Silver are setup for a bigger move higher, yet we believe the recent upswing will briefly pause and retrace to levels we are showing, below, before attempting a bigger move to the upside.

This Daily Gold chart shows our Learning Fibonacci modeling system and highlights three key resistance levels.  We’ve also drawn a shaded RED range around the price levels predicted by our Fibonacci modeling system.  As you can see, the current Gold price has reached beyond the CYAN and GREEN levels and is just below the higher RED level.  We expect these resistance levels to briefly hold as price retraces back below $1230 (just below the BLUE support level).  At that point, the bottom will likely be a very quick, “V” type bottom, and prices will likely begin to rocket higher into the end of 2018 and through the early part of 2019.

This Daily Silver chart, the “other shiny metal”, is showing how recent highs, near $14.80, are continuing to restrict the upside price movement.  This resistance is similar to what we’ve seen in Gold and we expect a minor downside price rotation in Silver to play out before a much bigger move explodes higher.  Our Fibonacci modeling system is suggesting prices are capable of rocketing towards $16.00 on a strong price breakout and we believe some level of fear will enter the global markets throughout the end of 2018 and into early 2019.  This fear should push metals prices higher before briefly pausing near the end of Jan 2019.

Our predictive modeling tools are showing us that this initial upswing in Gold and Silver will most likely stall between February & March 2019 before starting a much bigger and more explosive move in April~May of 2019.  We will continue to alert you to new analysis when our modeling systems predict future price changes and this means we could continue to see increased volatility in the global equities markets for quite some time.

Want to know how you can profit from these moves in the metals markets and other sectors of the stock market?  Take a minute to visit www.TheTechnicalTraders.com to learn how we keep our members informed of future market moves using our proprietary price modeling systems and predictive modeling tools.  We have dedicated many years and thousands of hours into developing some of the most incredible predictive modeling tools on the planet.

Visit www.TheTechnicalTraders.com/FreeResearch/ to learn how we’ve been calling these markets and helping thousands of traders stay ahead of these market moves.

Chris Vermeulen