InvestMacro

Analytics by JustForex

The EUR/USD currency pair

• Prev Open: 1.13268
• Open: 1.12864
• % chg. over the last day: -0.27
• Day’s range: 1.12670 – 1.12825
• 52 wk range: 1.1299 – 1.2557

There is the bearish sentiment on the EUR/USD currency pair. The US dollar strengthened against the euro after Fed Vice Chairman, Richard Clarida, said that he supported a procedure for a gradual interest rate rise. Today, investors expect important economic statistics from the United States. Currently, local support and resistance levels are 1.12650 and 1.13000, respectively. Positions should be opened from these marks. Quotes have the potential for further decline.

• – Preliminary data on the US GDP at 15:30 (GMT+2:00);
• – Report on new home sales in the US at 17:00 (GMT+2:00).

We also recommend paying attention to the speech by Fed Chairman Powell.

Indicators point to the power of sellers: the price has fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone and continues to decline, which gives a strong signal to sell EUR/USD.

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

• Support levels: 1.12650, 1.12300
• Resistance levels: 1.13000, 1.13300, 1.13700

If the price fixes below 1.12650, a further drop in the EUR/USD quotes is expected. The movement is tending to 1.12300-1.12000.

An alternative may be the EUR/USD currency pair growth to the level of 1.13300-1.13500.

The GBP/USD currency pair

• Prev Open: 1.28059
• Open: 1.27415
• % chg. over the last day: -0.72
• Day’s range: 1.27329 – 1.27533
• 52 wk range: 1.2662 – 1.4378

Yesterday, the bearish sentiment was observed on the GBP/USD currency pair. Quotes fell by almost 80 points. The British pound is under pressure after the new Brexit deal has been criticized. Currently, the local support and resistance levels are 1.27300 and 1.27750, respectively. Positions should be opened from these marks. The trading instrument has the potential for further decline.

Today the publication of important economic reports from the UK is not planned.

Indicators point to the power of sellers: the price is being traded 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 GBP/USD.

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

• Support levels: 1.27300, 1.27000
• Resistance levels: 1.27750, 1.28000, 1.28300

If the price fixes below the support level of 1.27300, a further drop in the GBP/USD quotes is expected. The movement is tending to 1.27000-1.26700.

An alternative may be the GBP/USD currency pair recovery to the round level of 1.28000.

The USD/CAD currency pair

• Prev Open: 1.32504
• Open: 1.32922
• % chg. over the last day: +0.35
• Day’s range: 1.33200 – 1.33316
• 52 wk range: 1.2248 – 1.3387

The bullish sentiment prevails on the USD/CAD currency pair. During yesterday’s and today’s trading sessions, quotes have risen by more than 70 points. At the moment, the key support and resistance levels are 1.33000 and 1.33350, respectively. Positions should be opened from these marks. We recommend paying attention to the economic reports from the United States.

The news feed on the economy of Canada is calm.

Indicators point to the power of buyers: the price is being traded above 50 MA and 200 MA.

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

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

• Support levels: 1.33000, 1.32700, 1.32400
• Resistance levels: 1.33350, 1.33500

If the price fixes above the resistance level of 1.33350, it is necessary to consider purchases of USD/CAD. The movement is tending to 1.33500-1.33800.

Alternative option. If the price fixes below the round level of 1.33000, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.32700-1.32500.

The USD/JPY currency pair

• Prev Open: 113.566
• Open: 113.766
• % chg. over the last day: +0.18
• Day’s range: 113.823 – 113.846
• 52 wk range: 104.56 – 114.74

The USD/JPY currency pair continues to show positive dynamics. At the moment, quotes are consolidating. Local support and resistance levels are 113.700 and 113.900, respectively. The trading instrument has the potential for further growth. Economic reports from the US, as well as the speech by the Fed chairman, are in the focus of attention.

Publication of important economic reports from Japan is not planned.

Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.

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

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

• Support levels: 113.700, 113.450, 113.200
• Resistance levels: 113.900, 114.100

If the price fixes above the local resistance of 113.900, further growth of the USD/JPY quotes is expected. The movement is tending to 114.100-114.300.

An alternative may be the USD/JPY currency pair correction to 113.500-113.300.

Analytics by JustForex

by JustForex

The US currency strengthened against a basket of major currencies after Fed Vice Chairman, Richard Clarida, said that he supported a procedure for a gradual interest rate rise. At the same time, the official is concerned about inflation expectations. The US dollar index (#DX) closed in the positive zone (+0.31%). Today, important economic statistics from the United States, as well as the speech by the Fed Chairman, Powell, are in the focus of attention.

The British pound is under pressure after the new Brexit deal has been criticized. The US President, Donald Trump, said that the agreement reached was beneficial only to the European Union, while the UK could face difficulties. Trump also noted that this agreement could prevent the UK from developing trade with the United States. Former British Secretary of State for Defence, Michael Fallon, also spoke negatively about the agreement.

The “black gold” prices have started to recover. At the moment, futures for the WTI crude oil are testing the mark of $52.20 per barrel. At 17:30 (GMT+2:00), a report on weekly crude oil inventories will be published in the US.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.34%), #DIA (+0.45%), #QQQ (+0.34%).

The 10-year US government bonds yield has become stable. Currently, the indicator is at the level of 3.05-3.06%.

– Preliminary data on the US GDP at 15:30 (GMT+2:00);
– Report on new home sales in the US at 17:00 (GMT+2:00).

We also recommend paying attention to the speech by Fed Chairman Powell.

by JustForex

By Matthew Anthony, Alpari

By Tomasz Wisniewski, Alpari

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7236; 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 0.7250 and then resume moving downwards to reach 0.7125. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7285. In this case, the pair may continue growing towards 0.7365. After breaking the channel’s downside border and fixing below 0.7200, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6779; 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 0.6795 and then resume moving downwards to reach 0.6640. 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 0.6845. In this case, the pair may continue growing towards 0.6955.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3248; 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 1.3220 and then resume moving upwards to reach 1.3360. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3195. In this case, the pair may continue falling towards 1.3085.

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 has completed another growth; right now, it is still testing the resistance level and forming Hanging Man and Shooting Star reversal patterns. In the nearest future, the pair may be corrected again. 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, Shooting Star, 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.

By TopAsiaFX.com

Now become a top trader with Fix API that is available for the traders through MT4-Trader. Fix API is a benefit to retail traders who are looking to achieve an extra mile in the trading industry. So, get ready and switch to Fix API because we know your worth and we could only help you become one of the top traders of this modern era.

Introduction

Online trading is one of the most common professions these days. Fix API trading is a platform that provides you with the chance to become one of the leading-edge traders of the modern era. This trading platform has recently become available to retailers through MT4-Trader. The company is currently developing automated trading and software systems. Furthermore, it has also enabled access for an extensive community of traders to a solution which is typically associated with institutional grade offerings.

A brief description of FIX API

If you are not a Fix API trader, you must be wondering what Fix API is and how it can prove to be useful for you. Let’s start to simply think of fix API online trading as a connection between you and the liquidity provider who is executing your trades in reality. When traders are trading through cTrader or MT4, they need to receive your trading request which is later converted to a FIX message and transferred through the FIX API session to the broker that has made with their personal liquidity providers. If we talk in terms of MT4, all this conversion is done through the bridge.

The ‘Bridge’ is a plugin that is available on the MT4 server and is able to convert the MQL language into something that meets the standards, or you may say a FIX API message. But when you trade through FIX API connection, you are able to get through the extra latency that is attached along with the use of these platforms. Are you still confused about all this – don’t worry we are here at your service because we want you to understand thoroughly so that you can be comfortable trading on some top ranking platforms?

The term FIX is an abbreviation of Financial Information eXchange which allows you to trade so that you can become one of the most tech enabled traders of the modern era. FIX provides you a set of protocols that provide you the chance to connect to a FIX host and provide you the chance to obtain incoming market data but also get and transmit order requests and execution confirmation messages.

WHY should you chose FIX API as your premiere trading platform?

Trading is not everyone’s cup of tea, but those who belong to this field need to find ways to make sure that they are successful in this regard. Apart from the amazing pricing and exceptional infrastructure and top-quality client support, this is certainly one of the best platforms that you have always desired for. FIX are straight shooters, and they would never tell you that it will cost tons of money, or you will require huge resources to set up a FIX API account.

Moreover, with FIX API you won’t be the bill as you would on other platforms. With all such features, we also come with a liquidity option that will thoroughly be of your own choice. So, with such an attractive platform who would want to miss out on this amazing platform? You definitely would love to benefit from SGT Markets FIX API platform.

Following are the pricing details that are currently being offered at FIX API service. Other details that this table include are the place where liquidity pricing comes from and the type of the liquidity that is being offered. It also provides you with the ability of each feed that helps to accommodate the toxic flow. There is no fixed explanation of a toxic flow as it varies from feed to feed and from place to place. But as a trader, if you are not familiar with this terminology, your trade flow is probably not toxic.

Lastly, the following table is here to give you an idea of the securities that are currently available to trade on each of the feed. There is a full list of securities offered on the SPA and MPA feeds that is available on our Research Page.

Why FIX API is considered to be the best in the trading arena?

The FIX has now become one of the biggest languages of the global financial market that is used extensively by buy and sell-side firms; it is even used as trading platforms and regulators to communicate trade information. This is an open standard that is being developed to evolve business and regulatory needs. It is used by thousands of firms on a daily basis to complete thousands of transactions.

FIX is a method through which world trades and it is now becoming one of the top ingredients in the trading market because it minimizes trade costs and maximizes efficiencies. Moreover, it also achieves improved transparency. It provides significant benefits to companies who are in search to explore the latest investment opportunities. It also minimizes the cost of market entry with the number of members

That are able to quickly communicate both domestically and internationally and also reduces the switching cost.

FIX Protocol language also comes with a combination of messaging specifications that are used in trade communications. It was initially developed to support the equities in the pre-trade and trade environment, but it is now going through rapid expansion into the post-trade space that supports straight-through processing from indications of interest (IOI) to allocations and confirmations. In addition to this, the platform is also experiencing exceptional growth in fixed income, fix API trading foreign exchange and listed derivative markets.

By TopAsiaFX.com

By Tomasz Wisniewski, Alpari

In this piece, we have two commodity currencies, i.e., instruments which are highly correlated with the price of commodities, in this case mostly gold and oil. Our hero is AUDCAD, and for the past two weeks this pair has been struggling with the super strong long-term resistance, which has been a legitimate support since the beginning of 2017.

For the time being, sellers are winning, as the price is still below, but the scale of the bounce does not really lend itself to opening new shorts. What is missing here is momentum. We do not have a bearish slide, even despite the fact that on the H4 chart we have a nice triple top formation. The triple top is up and running, as AUDCAD already broke the neckline of this formation (red). Despite all this, the price started this week on the front foot and is targeting the horizontal resistance again.

With the current lack of supply, the best idea is to wait. In my opinion, sell positions will be justified only when the price beats the lows from last week. The probability of this remains quite high and that is the scenario for this week. The sell signal will be cancelled when the price breaks the highs from the previous week, but the chances of that happening seem rather limited.

Analytics by JustForex

The EUR/USD currency pair

• Prev Open: 1.13396
• Open: 1.13268
• % chg. over the last day: -0.04
• Day’s range: 1.13073 – 1.13172
• 52 wk range: 1.1299 – 1.2557

Yesterday the EUR/USD quotes have been showing a variety of trends. A trading conflict between the US and China is in the spotlight. The quotes are going down. The local support and resistance levels are 1.13000 and 1.13300. Positions should be opened from these levels. The quotes have a tendency to fall.

• – CB Customer Confidence Index – 17:00 (GMT+2:00).

Indicators point toward the power of the sellers: the price is below 50 MA and 200 MA.

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

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

• Support levels: 1.13000, 1.12700
• Resistance levels: 1.13300, 1.13700, 1.14000

If the price fixes below the support level of 1.13500, a further fall in the EUR/USD quotes is expected. The movement is tending to 1.13200-1.13000.

An alternative may be the EUR/USD currency pair growth to the level of 1.13500-1.13700.

The GBP/USD currency pair

• Prev Open: 1.28202
• Open: 1.28059
• % chg. over the last day: -0.50
• Day’s range: 1.27336 – 1.27575
• 52 wk range: 1.2662 – 1.4378

The GBP/USD started to descend after a long flat. At the moment, the local support and resistance levels are 1.27300 and 1.27800. Positions should be opened from these levels. The quotes have a tendency to descend. Investors expect relevant data regarding Brexit.

Today the publication of important economic reports from the UK is not planned.

Indicators point toward the power of the sellers: the price is lower than 50 MA and 200 MA.

The MACD histogram went into the negative zone, which points toward a bearish sentiment.

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

• Support levels: 1.27300, 1.27000
• Resistance levels: 1.27800, 1.28150, 1.28650

If the price fixes below the support level of 1.27300, the GBP/USD quotes are expected to fall. The movement is tending to 1.27000-1.26700.

An alternative may be the further growth of the GBP/USD currency pair to 1.28000.

The USD/CAD currency pair

• Prev Open: 1.32209
• Open: 1.32504
• % chg. over the last day: +0.36
• Day’s range: 1.32611 – 1.32743
• 52 wk range: 1.2248 – 1.3387

USD/CAD is showing a bullish sentiment. During the last two days the quotes grew by 60%. The key support and resistance levels grew by 60 points. Currently they are 1.32400 and 1.32800. Positions should be opened from these levels. You should keep an eye on the oil quotes.

The news feed on the economy of Canada is calm.

Indicators point toward the power of the buyers: the price is above both 50 MA and 200 MA.

The MACD histogram is in the positive zone and keeps rising, which is a strong signal for purchase of USD/CAD.

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

• Support levels: 1.32400, 1.32100, 1.31800
• Resistance levels: 1.32800, 1.33100

If the price fixes above the resistance level of 1.32800, it is necessary to consider purchases of USD/CAD. The movement is tending to 1.33100-1.31400.

Alternative option. If the price fixes below the 1.32400 mark, we recommend looking for entry points to the market to open short positions. The movement is tending to 1.32100-1.31800.

The USD/JPY currency pair

• Prev Open: 112.866
• Open: 113.566
• % chg. over the last day: +0.52
• Day’s range: 113.535 – 113.602
• 52 wk range: 104.56 – 114.74

USD/JPY is showing a bullish sentiment. During the last two days, the quotes have grown by 70 points. The local support and resistance levels are 113.450 and 113.650. The currency pair has prospects for further growth. Positions should be opened from the key levels.

Publication of important economic reports from Japan is not planned.

Indicators point to the power of buyers: the price has fixed above 50 MA and 200 MA.

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

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

• Support levels: 113.450, 113.200, 113.000
• Resistance levels: 113.650, 114.000

If the price fixes above the resistance of 113.650, further growth of the USD/JPY quotes is expected. The movement is tending to 114.000-114.200.

An alternative may be the USD/JPY currency pair growth to 113.200-113.000.

Analytics by JustForex

By Matthew Anthony, Alpari