InvestMacro

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range and broken it upwards; right now, it is still moving upwards. Possibly, the price may reach 1.2562 and then fall towards the downside border of the range at 1.2457. If later the instrument breaks this level downwards, the market may start the first descending wave to reach 1.2337. However, if the instrument rebounds from 1.2500 and updates its highs, the market may grow with the target at 1.2630.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still moving upwards. Possibly, the price may expand the range towards 1.4168 and then fall to reach 1.4022. If later the instrument breaks this level downwards, the market may resume trading to the downside to reach 1.3873. However, if the instrument breaks the high, the market may continue moving upwards with the target at 1.4246.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving downwards; it has expanded the range towards 0.9180 and then reached 0.9272. If later the instrument breaks this range to the downside, the market may continue falling to reach 0.9082; if to the upside – resume growing with the target at 0.9360.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Today, the price may extend the wave and reach 105.50 and then grow towards 106.84. If later the instrument breaks this range to the upside, the market may continue moving upwards to reach 108.20; if to the downside – resume trading to the downside with the target at 104.20.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards; it has broken its consolidation channel to the upside and may grow to reach 0.8010. After that, the instrument may fall towards 0.7891 and then start another ascending structure with the target at 0.8050.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the target of the first descending wave and formed another consolidation range. If later the instrument breaks this range to the upside, the market may start another correction to reach 57.80; if to the downside – continue trading downwards with the target at 55.61.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

Gold has formed another consolidation channel and right now is trying to break it to the upside. If it succeeds, the price may grow towards 1366.00 and then fall to reach 1349.00. In case the latter level is broken, the instrument may continue falling with the target at 1322.00.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

BRENT

Brent has almost finished the ascending structure with the target at 65.50. Today, the price may reach this level and then start another correction towards 63.60. Later, the market may resume growing to reach 67.45.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

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 Veselin Petkov, Alpari

It’s a tough decision. We’d like to help by showing you some unconventional market evidence.

By Elliott Wave International

By February of this year, investors had almost forgotten what stock market volatility looked like.

And then something unprecedented happened. On Monday, Feb. 5, the DJIA closed 1,175 points down, the biggest single-day drop in the index’s history. Since then, stocks have been going haywire.

Was this spike in volatility unpredictable? Hardly. Our December 2017 Financial Forecast warned:

The CBOE Volatility Index declined to 8.56 intraday on Nov. 24, the lowest level in its 30-year history… As we’ve noted, the most placid periods of stock market activity are invariably followed by episodes of extreme volatility…

Sentiment measures had also been sounding an alarm. Here’s just one chart, from our January 2018 Financial Forecast (Elliott wave-labeled version reserved for subscribers):

The chart of the 13-day CBOE equity put/call ratio shows that it has declined to .55, with the volume of calls nearly double the volume of puts. Options traders have not been this optimistic in 3½ years. So, trader sentiment is consistent with the optimism of fund managers, hedge fund operators and even the “little guys.”

History shows that such optimistic extremes are contrarian indicators. Investors who heeded these warnings were not surprised by the volatility eruption — indeed, they expected it.

OK. So, what now? It this 10% drop in the Dow a buying opportunity — or the big reversal?

This is the big question, and the mainstream view is clearly leaning towards the bullish view:

• 10 Blue-Chip Stocks to Put on Your “Buy the Dip” List — (Kiplinger, Feb. 2)
• 3 Stocks to Buy When the Market Crashes — (The Motley Fool, Feb. 5)
• Now is the time to buy equities… says CIO — (CNBC, Feb. 5)

Market optimists may turn out to be correct. Maybe it’s just a bump in the road.

Then again, maybe sentiment measures continue to tell another story.

EWI’s Robert Folsom just posted a special video titled “More Bullish Than Ever.”

Watch it.

Then, make up your own mind about the bullish or bearish prospects for the stock market.

The URGENCY of Up-to-Date Stock Market Sentiment

The February 2018 Elliott Wave Financial Forecast Short Term Update said this:

We know from our own experiences how tough a taskmaster Mr. Market is, which is why we constantly point out the importance of sentiment extremes in the context of a progressing Elliott wave structure.

With that in mind — our just-produced video delivers the sentiment readings that you need to know about NOW.

HINT: Near the video’s beginning, you’ll learn about a market-related event in January 2018 that is jaw-droppingly similar to a development that unfolded in February 2000 — yes, around the time of the historic stock market top of that year.

Watch this video now!

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the convergence made BTCUSD reverse and start a new ascending correction, which has already reached the retracement of 23.6%. In the short-term, the price may continue the correction towards the retracements of 38.2%, 50.0%, and 61.8% at 10270.00, 11620.00, and 12940.00 respectively. However, if the pair completes the correction soon and breaks the low at 5980.00, the instrument may continue falling to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 5000.00 and 4364.00 respectively.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair is trading upwards to reach 10270.00.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, ETHUSD is forming a new ascending correction after the convergence. By now, the correction has already reached the retracement of 38.2%. The next targets may be the retracements of 50.0% and 61.8% at 914.00 and 998.00 respectively. However, after breaking the low at 570.00, the price may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 465.00 and 396.90 respectively.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair is trading towards 914.00 and 998.00.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

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

EURUSD, “Euro vs US Dollar”

EURUSD has reached the target of the third descending wave; right now, it is consolidating near the lows. Possibly, today the price may grow towards 1.2293, break it, and then continue the correction to reach 1.2340.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. Possibly, the price may continue the correction to reach 1.4077 and then fall towards 1.3811. Later, the market may resume moving upwards with the target at 1.4133.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is being corrected; it has already reached the predicted target. Today, the price may consolidate near the lows and reach 0.9335. After that, the instrument may continue moving upwards with the target at 0.9511.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Possibly, the price may reach 108.36 and then resume growing with the target at 110.60.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is also moving downwards. Today, the price may reach 0.7720 and then start another correction towards 0.7898. After that, the instrument may resume trading to the downside with the target at 0.7682.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has finished the correction. Possibly, today the price may start consolidating. If later the instrument breaks this range to the downside, the market may continue falling to reach 54.88; if to the upside – extend this structure towards 58.50.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1295; if to the upside – start another correction with the target at 1339.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

BRENT

Brent continues falling. According to the main scenario, the price may consolidate near the lows. If later the instrument breaks this range to the upside, the market may start a new ascending wave towards 67.95.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

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 Gabriel Ojimadu, Alpari

Many investors “operate under the assumption that events dictate market movements.” They don’t.

By Elliott Wave International

Is Your Portfolio Built on False Assumptions?
Download this Free 33-Page Report to Find Out.

Did you know that the vast majority of portfolios are built on false assumptions? These false assumptions — or Market Myths — have been passed down across generations. They are so baked into investor psyche that no one ever thinks to challenge them… but we do. Do earnings really drive stock prices? Can the FDIC actually protect you? Is portfolio diversification a smart move? Download Market Myths Exposed now and find out whether your portfolio is built on flawed foundations. We guarantee you’ll be shocked to find the truth.

Sign up now and get FREE access to The Market Myths Exposed eBook.

This article was syndicated by Elliott Wave International and was originally published under the headline Invest by Watching News? Accept These Pitfalls. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has reached the local target of the third descending wave. Possibly, today the price may consolidate near the lows. After breaking the range downwards, the instrument may start another correction to reach 1.2338 and then resume falling with the target at 1.2222.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1.3800; if to the upside – resume moving upwards with the target at 1.4040.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating at the top. Today, the price may fall towards 0.9400 and then continue moving upwards to reach the short-term target at 0.9465.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating; it has tried to break the upside border. Possibly, today the price may form another ascending structure towards 110.13. Later, the market may fall to reach 109.67 and then resume growing with the target at 110.60.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the local target of the descending wave at 0.7815. Today, the price may grow towards 0.7895. After that, the instrument may resume trading to the downside with the target at 0.7712.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDRUB, “US Dollar vs Russian Ruble”

Today’s trading session was opened with a gap up and, as a result, USDRUB has reached the target of the ascending wave. This wave may be considered as a correction. Possibly, the price may start another decline with the first target at 56.56.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

Gold has almost reached its downside target. Today, the price may start another correction with the target at 1339.00. Later, the market may resume falling towards 1293.00.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

BRENT

Brent has extended the descending wave and completed the third structure. The target is at 65.60. Possibly, today the price may start another correction towards 67.94 and then fall with the target at 64.82.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

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

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has broken the 5/8 level and left its consolidation range. However, the price is very likely to break the above-mentioned level again and return into the range. As a result, the instrument may start a new decline to reach the 4/8 level.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair may break the 5/8 level and resume falling towards the first target at the 3/8 one. The main downside target is the support at the 0/8 level.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the price is consolidating between the 3/8 and 5/8 levels. Later, XAUUSD is expected to rebound from the support at the 4/8 level and grow towards the resistance at the 5/8 one.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the price may break the 0/8 level and then resume growing to reach the resistance at the 2/8 one.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

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 Gabriel Ojimadu, Alpari