InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD continues moving according to an alternative scenario, which implies that the price may continue the correction. Possibly, today the pair may reach 1.1445 and then form a new consolidation range at the top of this wave. However, according to the main scenario the instrument is expected to continue trading inside the downtrend towards the downside border of the range at 1.1400.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading upwards to each 1.2762. Later, the market may form a new descending structure with the short-term target at 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached one more descending structure. Possibly, today the pair may form a new consolidation range close to the current lows. However, after breaking the channel of the fifth descending wave, the instrument may resume trading inside the uptrend with the first target at 1.0007.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has almost finished the descending structure. Today, the pair may form a new consolidation range near the lows. If later the instrument breaks this range to the upside, the price may start another correction to reach 113.20 and then form a new descending structure with the short-term target at 111.66.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the first descending impulse; right now, it is consolidating. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7300 and the resume trading inside the downtrend with the short-term target at 0.7075.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating near the downside border of the range. Possibly, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target of the third wave at 65.00.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, the pair may expand the current range up to 1252.30 and start another decline towards 1244.40. Later, the market may form one more ascending structure to reach 1257.00 and then resume falling with the first target at 1235.90.

BRENT

Brent is forming the third ascending wave towards 64.46. After that, the instrument may form a new consolidation range, break it upwards, and continue trading inside the uptrend with the short-term target at 67.77.

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, the uptrend has already broken the previous high and may continue growing towards the long-term retracement of 50.0% at 1262.60, which is inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1261.25 and 1272.55 respectively. The local support level is at 1214.30, the key one – 1196.26.

In the H1 chart, the pair is trading upwards, but there is a divergence on MACD at the same time, which may indicate a new correction soon. The possible correctional targets may be the retracements of 23.6%, 38.2%, and 50.0% at 1242.74, 1237.78, and 1233.79 respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has stopped trading sideways and broken the correctional channel to the downside. The mid-term downtrend continues towards the retracements of 50.0% and 61.8% at 0.9835 and 0.9766 respectively. At the same time, there is a convergence on MACD.

In the H1 chart, the pair is getting close towards the retracement of 50.0% at 0.9835.

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: 1.13687
• Open: 1.13907
• % chg. over the last day: +0.11
• Day’s range: 1.13906 – 1.14426
• 52 wk range: 1.1214 – 1.2557

On Friday the USD weakened against the major currencies. The US published weak labour market reports for November. The yield of the US Treasury obligations keeps lowering, which adds pressure on the US curency. The financial market participants expect the Central Bank to slow the growth of the key interest rate down. The EUR/USD is consolidating at 1.14150-1.14400, you should open positions from these levels.

The Economic News Feed for 10.12.2018:

• – Job Openings and Labor Turnover Survey (US) – 17:00 (GMT+2)

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

The MACD histogram is in the positive zone and above the signal line which gives a signal towards the purchase of EUR/USD.

Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.

• Support levels: 1.14150, 1.13850, 1.13600
• Resistance levels: 1.14400, 1.14800

If the price fixes above the resistance level of 1.14400, it is necessary to consider buying EUR/USD. The movement is tending to 1.14800-1.15000.

Alternatively, the quotes could descend to 1.13850-1.13600.

The GBP/USD currency pair

• Prev Open: 1.27748
• Open: 1.27022
• % chg. over the last day: -0.44
• Day’s range: 1.27021 – 1.27594
• 52 wk range: 1.2659 – 1.4378

The technical picture of GBP/USD remains ambiguous. The pound is being traded in a long flat. The event of the week is the voting on the Brexit project, which will happen on December 11. You should keep an eye on it. The key support and resistance levels are 1.27000 and 1.27400. Positions should be opened from these levels.

The Economic News Field for 10.12.2018:

• – GDP report for the 3rd quarter (UK) – 11:30 (GMT+2:00);
• – Manufacturing Industry Volume Report (UK) – 11:30 (GMT+2:00).

Indicators show the power of the sellers. The price is below 50 MA and 200 MA.

The MACD histogram is in the negative zone and keeps falling, which indicates a strong bearish sentiment.

Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which points towards the descend of the GBP/USD.

• Support levels: 1.27000, 1.26750
• Resistance levels: 1.27400, 1.27800, 1.28000

If the price fixes below 1.27000, the GBP/USD quotes are expected to fall. The movement is tending to 1.26750-1.26500.

An alternative could be a growth in the GBP/USD currency pair to 1.27800-1.28000.

The USD/CAD currency pair

• Prev Open: 1.33772
• Open: 1.33328
• % chg. over the last day: -0.44
• Day’s range: 1.32929 – 1.33332
• 52 wk range: 1.2248 – 1.3445

Friday was marked by the aggressive sales of USD/CAD. The demand for CAD grew after the release of the positive labour market report in Canada. The USD/CAD quotes` price lowered by more than 100 pips and updated the local minimums. The quotes are consolidating at 1.32900-1.33300. Positions should be opened from these levels. The USD/CAD quotes can descend further.

At 15:30 (GMT+2:00), Canada will publish the real estate market reports.

The indicators are ambiguous, the price has fixed between the 50 MA and 200 MA.

The MACD histogram is in the negative zone, the %K line is above the %D line, which points towards the growth of the USD/CAD quotes.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which points towards the growth of the USD/CAD quotes.

• Support levels: 1.32900, 1.32500
• Resistance levels: 1.33300, 1.33600, 1.34000

If the price fixes below the local support of 1.32900, further descend of the USD/CAD quotes is expected. The movement is tending to 1.32500-1.32300.

Alternative option. If the price fixes above 1.33300, we recommend looking for market entry points to open long positions. The movement is tending to 1.33600-1.33800.

The USD/JPY currency pair

• Prev Open: 112.649
• Open: 112.613
• % chg. over the last day: -0.05
• Day’s range: 112.240 – 112.739
• 52 wk range: 104.56 – 114.56

The USD/JPY technical picture points toward a possible growth. The technical instrument is showing a classic reversal figure. The local support and resistance levels are 112.600 and 112.850. The weak GDP report from Japan adds pressure on the yen. You should open positions from the key levels.

The GDP growth in Japan slowed down by 0.6% in the third quarter. Experts expected it to slow down by 0.5%.

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

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

• Support levels: 112.600, 112.300
• Resistance levels: 112.850, 113.100, 113.250

If the price fixes above the support level of 112.850, it is necessary to consider buying USD/JPY. The movement is tending to 113.100-113.250.

An alternative could be the descend of the USD/JPY quotes to 112.400-112.200.

Analytics by JustForex

by JustForex

USD weakened on Friday against the basket of other currencies. Ambiguous economic reports were published in the US. The number of employees in the Non-Farm Sector shortened to 155K while the experts were expecting 200K. The reports from October were also re-reviewed and closed at 237K instead of 250K. The unemployment level remained at 3.7%. Also on Friday, the head of Federal Reserve Jerome Powell announced that the key interest rate is close to the neutral level. Investors are expecting the US to slow the growth of the key interest rate down. The USD index (#DX) closed in the red (-0.30%).

Canada published positive Labour Market reports on Friday. The number of employed citizens grew by 94K instead of 10.3K while the unemployment level shrank to 5.6% instead of 5.8%. Today during the Asian trading session Japan published rather weak GDP reports. The financial market participants expect important reports from the UK and the US.

The main event this week will be the British Parliament voting on the Brexit plan presented by Theresa May. The voting is scheduled to commence tomorrow, on December, 11. If the plan does not receive their support, all bets are off – anything can happen, including a second Brexit referendum. Keep an eye on the relevant data regarding this situation.

The prices on oil stabilized. The WTI futures are testing the 52.50 USD/barrel.

Market Indicators

On Friday the US stock market was marked by aggressive sell-off: #SPY (-2,32%), #DIA (-2,17%), #QQQ (-3,30%).

The US Treasury bonds 10-year yield keeps lowering and is currently at 2.85-2.86%.

• – GDP report (UK) – 11:30 (GMT+2:00);
• – Manufacturing Industry Volume report (UK) – 11:30 (GMT+2:00);
• – Job Openings and Labor Turnover Survey (US) – 17:00 (GMT+2:00).

by JustForex

By Matthew Anthony, Alpari

By TheTechnicalTraders.com

As we are watching the US and global markets rotate dramatically lower over the past few days, we have been advising our members that we believe this rotation is an over-reaction to economic impetuses and trade issues – not a massive downside price break.  Overall, some of our longer-term technical indicators are currently bearish, as one would think technical indicators would react to price activity and trends.  Our ADL, predictive modeling system, is still suggesting upside price activity and we believe our research team has hit on something that helps to put this end of year turmoil into perspective.

Where is the fear?  The news cycles had indicated that much of the “big money” investors had already exited the markets prior to Nov 1.  This leaves the retail investors and the market-makers to manipulate the markets.  Volatility has been much higher than the previous two-Quarters average and volume has been moderately strong in the ES.  This leads us to believe that quite a bit of retail and foreign investor activity has been taking place in the US Equities markets.

Yes, there are concerns arising from the likes of Apple, Caterpillar and other blue-chip symbols.  These arise from some concerns regarding future earnings capabilities in the face of increasingly complicated trade and global market conditions.  Yet, we have yet to see any of this fear fall into the normal outlets – GOLD.

When we take a look at monthly gold using one of our custom pricing indicators, we are seeing very moderate upside gold price activity over the past 60+ days.  All of this is taking place near a very tight pricing channel, setting up as a pennant or flag formation, that should prompt a bigger move in Gold in 2019.  But as of right now, nothing is evident to show that a massive amount of fear has entered the markets and is driving capital into the traditional safe-haven investment.

Therefore, we still believe this downside move is more technical in nature and will likely end near the 2620 level on the ES as support continues to hold near recent lows.  As we have been suggesting for many months now, we continue to believe this is the time to establish small long positions near these support levels in preparation for a broader market recovery near the end of December and into early 2019.

Please take a minute to visit TheTechnicalTraders.com to learn how we can help you find and execute better trades in 2019 and how we can help you navigate these market moves more clearly.  Our research team is dedicated to helping you understand these markets and find greater success.  Join our other members in making 2019 a fantastic year.

Chris Vermeulen

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has broken the consolidation range upwards and reached the short-term upside target. Possibly, today the pair may fall towards 1.1353 and then grow to reach 1.1376. Later, the market may start another decline with the target at 1.1344. However, an alternative scenario implies that the price may form one more ascending structure towards 1.1420. According to the main scenario, the instrument is expected to continue trading inside the downtrend with the first target at 1.1299.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has almost completed the ascending wave. Today, the pair may form a new descending structure towards 1.2704 and then start another growth to reach 1.2760, thus forming a new consolidation range between these levels. Later, the market may break the range to the downside and continue falling inside the downtrend to reach 1.2655.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading downwards. Possibly, today the pair may form one more ascending structure towards 0.9945 and then start another decline to reach 0.9880 to complete this wave. After that, the instrument may resume trading inside the uptrend with the first target at 1.0007.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending structure; right now, it is trading upwards. Possibly, the pair may reach 113.20 and then resume trading inside the downtrend with the short-term target at 111.60.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7215. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7272; if to the downside – continue trading inside the downtrend with the target at 0.7147.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 66.47. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the target at 65.11.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1239.20. If later the instrument breaks this range to the upside, the price may form one more ascending structure to reach 1252.30; if to the downside – resume falling with the target at 1224.45.

BRENT

Brent hasn’t been able to fix above 60.30; right now, it is trading downwards. Possibly, the pair may reach 56.65 and then start a new ascending impulse with the target at 64.70.

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, BTCUSD has broken the previous low; right now, the long-term decline continues. The downside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 3105.00 and 2875.00 respectively. The resistance level is the high at 4405.56.

In the H1 chart, the downtrend continues. However, there is a convergence on MACD, which indicate a new correction ti the upside after the instrument reaches the targets inside the post-correctional extension area between the retracements of 138.2% and 161.8%.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, ETHUSD has broken the previous low and reached 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 start a new pullback. The key resistance is the high at 125.51.

As we can see in the H1 chart, the convergence made the pair start a new pullback. The target may be the previous low at 98.04, which is now the resistance level.

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: 1.13473
• Open: 1.13687
• % chg. over the last day: +0.28
• Day’s range: 1.13604 – 1.13818
• 52 wk range: 1.1299 – 1.2557

The financial market participants are waiting for the labour market reports in the US for November. EUR/USD is consolidating. The local support and resistance levels are 1.13600 and 1.13850. Positions should be opened from these levels. You should also keep an eye on the US/China trading conflict.

The Economic News Feed for 07.12.2018:

• – GDP Report (EU) – 12:00 (GMT+2)
• – Labour Markets Report (US) – 15:30 (GMT+2)

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

The MACD histogram is in the positive zone but below the signal line which gives a weak signal towards the purchase of EUR/USD.

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.

• Support levels: 1.13600, 1.13200, 1.13000
• Resistance levels: 1.13850, 1.14200

If the price fixes below the support level of 1.13850, it is necessary to consider buying EUR/USD. The movement is tending to 1.14200-1.14500.

An alternative could be the descend of the EUR/USD quotes to the level of 1.13000.

The GBP/USD currency pair

• Prev Open: 1.27321
• Open: 1.27748
• % chg. over the last day: +0.37
• Day’s range: 1.27433 – 1.27863
• 52 wk range: 1.2662 – 1.4378

The GBP keeps trading in the long flat. There is no single trend. The financial market participants are waiting for more data regarding Brexit. Today all the attention will be focused on the reports from the US. The GBP/USD is trading between 1.27400-1.27800. You should open positions from these levels.

The Economic News Field for 07.12.2018 is calm.

Indicator signals are ambiguous. The price has crossed both 50 MA and 200 MA.

The MACD histogram is in the positive zone, which indicates a weak bearish sentiment.

Stochastic Oscillator is in the neutral zone, the %K line is фищму the %D line, which points towards the growth of the GBP/USD.

• Support levels: 1.27400, 1.27000, 1.26750
• Resistance levels: 1.27800, 1.28000, 1.28400

If the price fixes below 1.27400, the GBP/USD quotes are expected to fall. The movement is tending to 1.27000-1.26750.

An alternative could be a growth in the GBP/USD currency pair to 1.28250-1.28500.

The USD/CAD currency pair

• Prev Open: 1.33528
• Open: 1.33772
• % chg. over the last day: +0.28
• Day’s range: 1.33760 – 1.33985
• 52 wk range: 1.2248 – 1.3387

The USD/CAD is consolidating after sudden growth. A correction is highly probable soon. The key support and resistance levels are 1.33600 and 1.34000. Positions should be opened from these levels. Investors are waiting for the labour market reports from the US and Canada. You should also keep an eye on the oil quotes dynamics.

At 15:30 (GMT+2:00), Canada will publish the labour market reports.

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

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a drop in the USD/CAD quotes.

• Support levels: 1.33600, 1.33200, 1.32900
• Resistance levels: 1.34000, 1.34400

If the price fixes above the local resistance of 1.34000, further growth of the USD/CAD quotes is expected. The movement is tending to 1.34400-1.34750.

Alternative option. If the price fixes below 1.33600, we recommend looking for market entry points to open short positions. The movement is tending to 1.33200-1.33000.

The USD/JPY currency pair

• Prev Open: 113.183
• Open: 112.649
• % chg. over the last day: -0.42
• Day’s range: 112.602 – 112.927
• 52 wk range: 104.56 – 114.74

The USD/JPY is still showing a variety of trends. The technical picture is ambigous. The labour market report from the US is in the spotlight The local support and resistance levels are 112.600 and 112.900. Positions should be opened from these levels. You should keep an eye on the yield of the US Treasury bonds.

The news feed on the Japanese economy is calm.

Indicators do not provide precise data, the price is testing the 50 MA which is a strong dynamic resistance.

The MACD histogram is close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line which indicates the decline of the USD/JPY quotes.

• Support levels: 112.600, 112.300
• Resistance levels: 112.900, 113.100, 113.250

If the price fixes below the support level of 112.600, it is necessary to consider selling USD/JPY. The movement is tending to 112.000.

An alternative could be the growth of the USD/JPY quotes to 113.250-113.500.

Analytics by JustForex

By Matthew Anthony, Alpari