InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating; it has finished another ascending structure towards the upside border and right now is trading downwards. Possibly, today the price may fall to reach 1.1260 and then resume growing towards 1.1305. After that, the instrument may continue trading inside the downtrend with the target at 1.1155.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.2890 downwards; in fact, it is forming the third descending wave with the target at 1.2710. Today, the pair may return to 1.2890 to test it from below and then resume falling to reach the above-mentioned target. The main target of this descending wave is at 1.2655, at least.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 1.0072. Possibly, the pair may choose an alternative scenario and extend this correction towards 1.0018. According to the main scenario, the price may break the range upwards and then resume trading inside the uptrend with the target at 1.0148.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading below 113.57. Today, the pair may continue falling with the first target at 112.94. Later, the market may be corrected return to 113.57 and then resume trading inside the downtrend to reach 111.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7272. Possibly, today the price may break the range downwards and resume trading inside the downtrend with the first target at 0.7160.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards; it has broken the rising channel and is moving to reach the target at 65.62. Today, the pair may reach this level and then form one more ascending structure towards 66.48. After that, the instrument may continue forming the third descending wave with the target at 63.10.

XAUUSD, “Gold vs US Dollar”

Gold is forming the fifth structure. Possibly, today the price may reach 1217.75 and then form a new descending wave towards 1190.00. Later, the market may start another growth with the first target at 1220.00.

BRENT

Brent is forming the second ascending impulse with the target at 68.88. Today, the pair may reach this target and then resume falling towards 67.20. After that, the instrument may form one more ascending impulse, the third one, to reach the first target at 69.69.

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: 1.13067
• Open: 1.13230
• % chg. over the last day: +0.12
• Day’s range: 1.13215 – 1.13679
• 52 wk range: 1.1299 – 1.2557

EUR keeps slowly recovering. At the moment, the EUR/USD quotes are testing the local resistance 1.13650. The nearest support line is 1.13200. The investors are waiting for the EU inflation report, positions should be opened from the key levels. The currency pair has good prospects for growth.

• – Customer Price Index (EU) – 12:00 (GMT+2:00);
• – Manufacturing Index (US) – 16:15 (GMT+2:00).

The indicators do not provide precise signals, the price went over 200 MA.

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

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

• Support levels: 1.13200, 1.12700, 1.12200
• Resistance levels: 1.13650, 1.14000, 1.14400

If the price fixes above 1.13650, expect further growth. Potentially towards 1.14000-1.14400.

Alternatively, the price will fix below 1.13200 and you should consider selling EUR/USD. The movement will tend toward 1.12800-1.12600.

The GBP/USD currency pair

• Prev Open: 1.29812
• Open: 1.27629
• % chg. over the last day: -1.77
• Day’s range: 1.27564 – 1.28339
• 52 wk range: 1.2662 – 1.4378

Political pressure regarding Brexit keeps pushing the pound down. The fall of the GBP/USD quotes went over 200 pounds. The Secretary of UK for Exiting the EU, Dominic Raab, announced his resignation due to inability to approve the current London/Brussels negotiations. GBP/USD is currently being traded between 1.27800-1.28400. You should open the positions from these levels.

No important publications are planned for today.

The price is below both 50 MA and 200 MA, which indicates the power of the sellers.

The MACD histogram is in the negative zone but above the signal line, which gives a weak signal towards the sale of GBP/USD.

The Stochastic Oscillator is in near the overbought zone, the %K line begins to cross the %D line, which provides no signals.

• Support levels: 1.27800, 1.27250, 1.27000
• Resistance levels: 1.28400, 1.29000, 1.29500

If the price fixes below the current support 1.27800, expect further descend of the quotes toward 1.27300-1.27000.

Alternatively, the quotes can rise towards the 1.28800-1.29000.

The USD/CAD currency pair

• Prev Open: 1.32404
• Open: 1.31762
• % chg. over the last day: -0.50
• Day’s range: 1.31490 – 1.31808
• 52 wk range: 1.2248 – 1.3387

The USD/CAD quotes started to go down. Yesterday they descended for 65 points. At the moment, it is consolidating. The local support and resistance levels are 1.31500 and 1.31800. USD/CAD has potential for further correction.

At 15:30 (GMT+2) expect data regarding the Manufacturing Sales in Canada.

The indicators show the power fo the sellers: the price fixed below 50 MA and 200 MA.

The MACD histogram is in the negative zone, but above the signal line, which give a weak signal towards a sale of USD/CAD.

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

• Support levels: 1.31500, 1.31200, 1.30900
• Resistance levels: 1.31800, 1.32150, 1.32500

If the price fixes below 1.31150, consider selling USD/CAD. The movement will tend toward the round 1.31200-1.31000.

Alternatively, the currency pair can grow to 1.32000-1.32200.

The USD/JPY currency pair

• Prev Open: 113.602
• Open: 113.637
• % chg. over the last day: -0.04
• Day’s range: 113.215 – 113.637
• 52 wk range: 104.56 – 114.74

The USD/JPY quotes are showing an ambiguous technical picture. The trading instrument is in the flat. At the moment the local support and resistance lines are 113.200 and 113.400. Positions should be opened from these levels. Investors are waiting for the additional drivers, for example the economic reports from the US.

There have been no important news from Japan today.

The price is below 50 MA and 200 MA, which indicates the power of the sellers.

The MACD histogram is around in the negative zone but below the signal line. It provides a strong signal towards the sale of JPY/USD.

The Stochastic Oscillator is in the negative zone, the %K line is above the %D line, which indicates a bullish mood.

• Support levels: 113.200, 113.000, 112.700
• Resistance levels: 113.450, 113.650, 114.000

If the price fixes below the support 113.200, expect a further descend of the quotes. The movement will tend toward 113.000-112.700.

Alternatively, quotes can grow towards 113.600-113.800.

Analytics by JustForex

by JustForex

Yesterday the major currencies were showing some active trading. The USD Index (#DX) closed the trading day in the greed (+0.13%). The situation around Brexit remains in the spotlight. The pound is weakened against the American currency by 200 points and reached the 1.28 USD mark. The government of the UK does not approve the current Brexit project. Dominic Raab, the Secretary of State for Exiting from the EU, announced his resignation. He states, that he cannot accept the current conditions of the London and Brussels treaty. Political pressure in Great Britain keeps pushing the pound down.

The USA published a series of ambiguous reports. In October the volume of the retail sales grew by 0.8%, which is higher than the 0.6% expectations. In November the Purchasing Managers’ Index by Philadelphia Federal Reserve dropped from 22.2 to 12.9. The financial market participants are waiting for the EU inflation report.

The quotes on oil started to recover. The WTI futures are testing the mark of 57.30 USD/barrel. We recommend you keep an eye on the U.S. Baker Hughes Oil Rig Count – 20:00 (GMT+2:00).

Market Indicators

The major US stock indices closed in the green: #SPY (+1,04%), #DIA (+0,92%), #QQQ (+1,75%).

The 10-year US government bonds yield is 3,10-3,11%.

• – Customer Price Index (EU) – 12:00 (GMT+2:00);
• – Manufacturing Sales (CA) – 15:30 (GMT+2:00);
• – Industrial Prodaction (US) – 16:15 (GMT+2:00).

by JustForex

By Matthew Anthony, Alpari

By George Prior

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.

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after completing the correction the instrument may continue its ascending movement.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the resistance level once again and formed Harami and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7275; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7235 and then resume moving upwards to reach 0.7335. 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 0.7190. In this case, the pair may continue falling towards 0.7090.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6801; 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 0.6775 and then resume moving upwards to reach 0.6885. 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 0.6745. In this case, the pair may continue falling towards 0.6655.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3228; 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 1.3175 and then continue moving upwards to reach 1.3345. 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 1.3110. In this case, the pair may continue falling towards 1.2995.

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: 1.12892
• Open: 1.13067
• % chg. over the last day: +0.19
• Day’s range: 1.13064 – 1.13516
• 52 wk range: 1.1299 – 1.2557

The EUR/USD quotes keep recovering. At the moment, EUR is testing the key resistance of 1.13500. 1.13100 is the mirror support. Further correction is possible. The financial market participants are expecting important economic stats from the US. Positions should be opened from the key levels.

• – Core Retail Sales report (US) – 15:30 (GMT+2:00);
• – Philadelphia Fed Manufacturing Index (US) – 15:30 (GMT+2:00).

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

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

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

• Support levels: 1.13100, 1.12700, 1.12200
• Resistance levels: 1.13500, 1.14000

If the price closes above the support 1.13500, expect further correction. The movement will tend toward the round 1.14000.

Alternatively, the price fixes below the mirror support 1.13100, you should consider selling EUR/USD. The movement will tend toward 1.12700-1.12500.

The GBP/USD currency pair

• Prev Open: 1.29710
• Open: 1.29812
• % chg. over the last day: +0.08
• Day’s range: 1.29542 – 1.30299
• 52 wk range: 1.2662 – 1.4378

GBP/USD is showing a high trading activity and volatility. The Brexit situation is in the spotlight. The Capinet of the UK has approved an aggreement with the US about Brexit. At the moment, the key trading range is 1.29500-1.30250. We recommend you open positions from these levels.

At 11:30 (GMT+2:00) a Core Retail Sales report was published in Great Britain.

Indicators do not provide precise signals, the price has crossed both 50 MA and 200 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 indicates a bearish sentiment.

• Support levels: 1.29500, 1.29000, 1.28400
• Resistance levels: 1.30250, 1.30850, 1.31400

If the price fixes above 1.30250 expect further growth of GBP/USD. The movement will tend toward 1.30750-1.31000.

Alternatively, the quotes can go down towards the round 1.29000.

The USD/CAD currency pair

• Prev Open: 1.32341
• Open: 1.32404
• % chg. over the last day: +0.08
• Day’s range: 1.32173 – 1.32495
• 52 wk range: 1.2248 – 1.3387

The USD/CAD quotes are in a long flat. The technical picture remains ambiguous. The quotes are testing 1.32150 and 1.32500 as the key support and resistance levels. Positions should be opened from them. We recommend you keep an eye on the US economic reports.

The news feed for Canada is calm for today.

The indicators do not provide precise signals: the price fixed between 50 MA and 200 MA.

The MACD histogram is descending, which indicates a bearish sentiment.

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

• Support levels: 1.32150, 1.31800, 1.31450
• Resistance levels: 1.32500, 1.33000

If the price fixes above 1.32150, consider selling USD/CAD. The movement will tend toward the round 1.31800-1.31600.

Alternatively, the currency pair can grow to 1.32750-1.33000.

The USD/JPY currency pair

• Prev Open: 113.784
• Open: 113.602
• % chg. over the last day: -0.22
• Day’s range: 113.407 – 113.675
• 52 wk range: 104.56 – 114.74

The USD/JPY quotes started to fall and updated the local minimums. At the moment the quotes are testing the support level of 113.400. 113.700 is now the mirror resistance. A correction is highly possible. There will be some important reports coming from the US, but until then the positions should be opened from the key levels.

There have been no important news from Japan today.

The price is below 50 MA and 200 MA, which indicates the power of the sellers.

The MACD histogram is around in the negative zone but above the signal line. It provides a weak signal towards the sale of JPY/USD.

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, 113.000, 112.700
• Resistance levels: 113.700, 114.000, 114.200

If the price fixes below the support 113.400, expect a further descend of the quotes. The movement will tend toward 113.000-112.700.

Alternatively, quotes can grow towards 114.000.

Analytics by JustForex

by JustForex

Yesterday the USD kept losing positions against the basket of other currencies. The US index (#DX) updated the local minmums and ended the trade in the red (-0.49%). The financial market participants keep evaluating the Brexit situation. The Cabinet of the UK approved a preliminary agreement between London and Brusseles. However, now the Premier Minister of Great Britain needs an approval of Parliament, who heavily criticised this version of the agreement.

Jerome Powell, the head of the Federal Reserve, is certain in the US economic growth and mentioned that the Central Bank plans to gradually raise the key interest rates. At the same time, he is concerned about the growing risks in the world economy. October had seen the creation of 32.8K jobs, which is much higher than the expected 19.9K. The umemployment level remains at 5.0%. The investors are expecting important economic reports from the US and Great Britain.

The prices on oil are stabilizing after a rapid descdent. The WTI futures are testing the mark of 56.20 USD/barrel. We recommend you keep an eye on the crude oil reserves in the US, with a report primed to arrive at 18:00 (GMT +2:00).

Market Indicators

Yesterday the major US stock indices closed in the negative zone: #SPY (-0,68%), #DIA (-0,85%), #QQQ (-0,76%).

The 10-year US government bonds yield is 3,12-3,13%.

• – Core Retail Sales (UK) – 11:30 (GMT+2:00);
• – Philadelphia Fed Manufacturing Index – 15:30 (GMT+2:00);
• – Retail Sales report (US) – 15:30 (GMT+2:00).

We recommend you keep an eye on the statements by the FOMC representatives.

by JustForex

By Matthew Anthony, Alpari