InvestMacro

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, XAUUSD has failed to reach the long-term high at 76.0% fibo (1708.10): there was a divergence on MACD, which made the pair reverse and start a new decline. After reaching 23.6% fibo, the descending movement may continue towards 38.2%, 50.0%, and 61.8% fibo at 1527.70, 1478.00, and 1428.40 respectively. At the same time, one should realize that if the price breaks the long-term support at 50.0% fibo (1482.50), it will confirm the long-term trend reverse. The resistance is the high at 1689.26.

In the H1 chart, the pair is correcting upwards; it has already reached 38.2% fibo, and may continue towards 50.0% and 61.8% fibo at 1611.45 and 1623.10 respectively. After the price breaks the support at 1562.74, the instrument may resume its mid-term downtrend towards 38.2%fibo at 1527.70.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the divergence on MACD made the pair reverse after reaching 50.0% and start a new descending movement, which has already reached the long-term low at 0.9613. Right now, the price is testing the low and may break it. In this case, USDCHF may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 0.9523 and 0.9468 respectively.

In the H1 chart, after finishing the downtrend and testing the low, the pair is correcting upwards. By now, the first correctional wave has already reached 38.2% fibo and may continue towards 50.0% fibo at 0.9712. The support is local low at 0.9609.

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 is consolidating at the top. Today, the pair may form a new descending impulse towards 1.1000 and then grow to update 1.1083. After that, the instrument may resume trading downwards with the target at 1.0950.

GBPUSD, “Great Britain Pound vs US Dollar”

After completing another descending wave towards 1.2773, GBPUSD has finished the ascending impulse at 1.2828; right now, it is forming a new consolidation range. If later the price breaks this range to the upside, the market may start another correction to reach 1.2856; if to the downside – resume trading inside the downtrend. The next target is at 1.2660.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9640. Possibly, the pair may expand this range down to 0.9585 and then start another growth with the target at 0.9696.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is growing towards 108.53. After that, the instrument may fall to reach 107.93, thus forming a new consolidation range between the above-mentioned levels. If later the price breaks this range to the upside, the market may start another correction to reach 110.47; if to the downside – resume trading inside the downtrend with the target at 105.85.

AUDUSD, “Australian Dollar vs US Dollar”

After reaching another downside target at 0.6433, AUDUSD is moving upwards. Possibly, today the pair may reach 0.6585 and then fall towards 0.6500, thus forming a new consolidation range between the above-mentioned levels. If later the price breaks this range to the upside, the market may start another growth to reach 0.6750; if to the downside – resume trading inside the downtrend with the target at 0.6390.

USDRUB, “US Dollar vs Russian Ruble”

After finishing the ascending wave at 67.07, USDRUB is forming a new consolidation range above it. According to the main scenario, the price is expected to fall to break 66.60 and then continue trading downwards with the first target at 65.25. Another scenario implies that the instrument may break 67.55 and extend the ascending wave up to 68.25.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is forming the first descending impulse. Today, the pair may reach 1.3328 and then form one more ascending structure towards 1.3383. Later, the market may resume trading downwards with the first target at 1.3303.

XAUUSD, “Gold vs US Dollar”

Gold has completed the first descending wave at 1567.77. Possibly, today the pair may correct towards 1641.65 and then form a new descending structure with the short-term target at 1484.44.

BRENT

Brent has finished the first ascending impulse at 51.77. Today, the pair may correct to reach 50.50 and then start another growth with the short-term target at 52.85.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has reached its downside target at 8400.00. Possibly, today the pair may consolidate near the lows. If later the price breaks 8800.00 to the upside, the market may form one more ascending structure with the first at 9500.00.

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.

By TheTechnicalTraders – Our research team believes the recent downward price activity in Gold and Silver are indicative of past price patterns we saw in Gold over the 2007 to 2012 rally.  Throughout almost every rally in precious metals (Gold), there have been a number of moderate to serious price corrections taking place within that extended rally.  The current downside move is moderately small compared to historical price rotation in Gold and potentially sets up a massive upside potential rally to levels above $2100 per ounce.

Weekly Gold Price Pattern from 2007 – 2017

This chart, below, highlights the downside price rotation that took place just before and as the US stock markets collapsed in late 2008 and 2009.  Notice how Gold collapsed nearly 28% right as extreme market weakness began to become present in the US stock market.  Then, pay attention to how Gold rallied from $730 in multiple upside price legs to a peak just below $1900 – well above 110%.  Could the same pattern already be setting up in 2020?

Weekly Gold Chart Trend is Clearly Up

This current Gold chart highlights what we believe is a similar price pattern where Gold collapsed as the downturn in the US stock market took place between October 2018 and December 2018.  Subsequently, Gold then rallied to levels nearing the previous peak levels (near $1380), then rallied even further to $1540.  We believe the current downside price rotation is similar to the downside price rotation that took place in August/Sept 2010 – just before Gold rallied from $1050 to $1890 (+85%).  If a similar type of rally were to take place from the current $1587 lows, the peak price of Gold may be near $2935.

Gold/Silver Ratio Weekly Chart Scream Bargin

This last chart highlights the true potential for a Silver rally based on historical levels of the Gold to Silver Ratio.  There has never been a time in history since 1990) that the Gold to Silver ratio has been this high (93.9).  Historically, traditional levels are closer to 74~76.  If gold rallies above $2100 and the Gold to Silver ratio contracts to the historical 74 to 76 level, Silver will likely rally to levels above $40 to $50 per ounce.  If gold rallies to our projected peak level of $2935 and the ratio reverts, Silver could rally to levels well above $65 per ounce.

This downside move in both Gold and Silver are an incredible opportunity for skilled traders.  Don’t miss the opportunity to get into a precious metals position near these levels – before the real rally begins.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.

I urge you visit my ETF Wealth Building Newsletter and if you like what I offer, join me with the 1-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Bar!

Chris Vermeulen

TheTechnicalTraders.com

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.10002
• Open: 1.10416
• % chg. over the last day: +0.24
• Day’s range: 1.10363 – 1.10738
• 52 wk range: 1.0879 – 1.1572

The EUR/USD currency pair is still dominated by a bullish sentiment. The quotes have updated the local highs again. The demand for USD has decreased significantly. Financial markets participants expect the Fed to reduce the range of key interest rates to 1.00-1.25% at the next meeting on March 18. At the moment the trading instrument is consolidating in the range of 1.10100-1.10700. The EUR can recover further. We are waiting for important statistical data today. Positions should be opened from key levels.

The Economic News Feed for 02.03.2020:

• – business activity index in German manufacturing sector – 10:55 (GMT+2:00);
• – ISM’s business activity index in the US manufacturing sector – 17:00 (GMT+2:00).

The indicators signal the strength of buyers: the price has fixed above 50 MA and 100 MA.

MACD histogram is in the positive zone, which gives a signal to buy EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the development of a correction movement.

Trading recommendations

• Support levels: 1.10100, 1.09600, 1.09100
• Resistance levels: 1.10700, 1.11000

If the price fixes above 1.10700, expect further growth to 1.11000-1.11200.

Alternatively, the quotes could descend toward 1.09700-1.09500.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.28811
• Open: 1.27878
• % chg. over the last day: -0.13
• Day’s range: 1.27830 – 1.28507
• 52 wk range: 1.1959 – 1.3516

Sales dominate on the GBP/USD currency pair. Sterling has set new key lows. At the moment, GBP/USD is consolidating near the mirror resistance at 1.28550. The round level 1.28000 is the nearest support. The trading instrument can decline further. Investors are waiting for important economic releases from the UK and USA. Positions should be opened from key levels.

At 11:30 (GMT+2:00) UK will publish an index of business activity in the manufacturing sector.

The indicators signal the sellers’ strength: the price has fixed below 50 MA and 100 MA.

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

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

Trading recommendations

• Support levels: 1.28000, 1.27300
• Resistance levels: 1.28550, 1.29000, 1.29400

If the price fixes below the round level of 1.28000, expect a descend toward 1.27500-1.27000.

Alternatively, the quotes could recover toward 1.29000-1.29400.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.33906
• Open: 1.34332
• % chg. over the last day: +0.11
• Day’s range: 1.33334 – 1.34382
• 52 wk range: 1.2949 – 1.3566

USD/CAD quotes have moved down. The CAD has updated local lows. The Canadian dollar is supported by the oil price recovery after a prolonged decline. At the moment the trading instrument is consolidating. The key support and resistance levels are: 1.33350 and 1.33900, respectively. The USD/CAD currency pair has a potential for further correction. We recommend you to pay attention to the US economic reports. Positions should be opened from key levels.

The news background on the Canadian economy is calm.

Indicators do not give accurate signals: the price tests 100 MA.

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

The Stochastic Oscillator is located in the oversold area, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations

• Support levels: 1.33350, 1.33000, 1.32650
• Resistance levels: 1.33900, 1.34350, 1.34600

If the price fixes below 1.33350, expect further correction toward 1.33000-1.32600.

Alternatively, the quotes could grow toward 1.34300-1.34600.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.590
• Open: 107.449
• % chg. over the last day: -1.38
• Day’s range: 107.361 – 108.371
• 52 wk range: 104.45 – 113.53

The USD/JPY has stabilized after a significant drop last week. At the moment the quotes are consolidating. Local support and resistance levels are at 107.850 and 108.500, respectively. Technical correction of the trading instrument is not ruled out in the nearest future. We recommend you to pay attention to the dynamics of US government securities yield. Positions should be opened from key levels.

The news background on Japanese economy is calm.

The indicators signal the sellers’ strength: the price has fixed below 50 MA and 100 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 located in the overbought zone, the %K line has crossed the %D line. There are no signals at the moment.

Trading recommendations

• Support levels: 107.850, 107.350, 107.000
• Resistance levels: 108.500, 109.300, 109.650

If the price fixes above 108.500, expect the quotes to correct toward 109.000-109.500.

Alternatively, the quotes could decline toward 107.000.

by JustForex

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

On March 2nd, the first trading session of the spring, Brent is correcting upwards after plummeting the week before. On Monday morning, the instrument is trading at 51.25 USD with the last week’s lows being at 48.50 USD.

Another thing that supports oil prices is Saudi Arabia’s intention to cut its oil extraction by 1 million barrels per day in addition to already existing restrictions from OPEC+ agreement. The reason lies in the risks of the coronavirus outbreak and a possible decrease in global demand for energy commodities.

This week, OPEC+ is scheduled to have a meeting, where the carte has to decide on daily extraction limits. It may help the commodity market reach stability.

Nevertheless, the Chinese coronavirus remains the topical issue among market players, because its influence on the global economy and its stability is still pretty unclear.

As we can see in the H4 chart, after breaking 54.26, Brent has reached the short-term target at 49.50 and may continue the fifth descending wave towards 48.20; right now, it is moving upwards. Possibly, the pair may correct towards 53.90 and then start a new decline to reach 48.50. After that, the instrument may form a reversal pattern for another growth with the first upside target at 59.80. From the technical point of view, this scenario is confirmed by MACD Oscillator: its signal line is moving directly upwards after leaving the histogram area. The indicator is expected to grow towards 0. After the line breaks 0 to the upside, the price may boost its ascending movement.

In the H1 chart, Brent has completed the first ascending impulse with the target at 51.80. The main scenario implies that the pair may correct this impulse to reach 50.50 and then form another rising structure towards 53.90. Later, the price may resume falling to return to 50.05. From the technical point of view, this scenario is confirmed by Stochastic Oscillator: after breaking 80, its signal line is moving towards 50. If the indicator breaks the latter level, the price may fall to reach 48.50 without forming any ascending structures.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

By Admiral Markets

Source: Economic Events March 2, 2020 – Admiral Markets’ Forex Calendar

The tide dramatically turned in Equities over the last week of trading, as a massive risk-off hit global financial markets. This came from new Coronavirus information and clear signs of a widespread health threat.

In this context, 10-year US yields hit new all-time lows and the DAX30 CFD broke below 12,000 points, technically negating the long sequence on a daily time-frame by sustainably breaking below 12,900 points, and substantially dropping below its SMA(200).

In general, we should expect volatility to stay elevated, with the overall advantage being on the short-side in the coming days, since the worst is probably yet to come after the US CDC announced that it wants to prepare the American public for the possibility that their lives will be disrupted in the as the Coronavirus spreads.

Technically, the mode is very extended on the downside, and a sharp bounce is an option, making risk-reward ratios for short engagements less attractive. That said, the bullish divergence in the RSI(14) on an hourly time-frame points to diminishing bearish momentum, which could play out if any news or rumours on bigger fiscal stimulus packages make the rounds to limit a potentially larger global economic downturn.

Still, the DAX30 CFD stays technically bearish below 12,780/800 points, finding a potential Short-trigger around 12,370/400 points:

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between February 12, 2020, to February 28, 2020). Accessed: February 28, 2020, at 10:00pm GMT

Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Daily chart (between November 15, 2018, to February 28, 2020). Accessed: February 28, 2020, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2015, the value of the DAX30 CFD increased by 9.56%, in 2016, it increased by 6.87%, in 2017, it increased by 12.51%, in 2018, it fell by 18.26%, in 2019, it increased by 26.44% meaning that after five years, it was up by 34.2%.

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations.
4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
7. Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
9. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

By Admiral Markets

By Alpari.com

By Alpari.com

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the ascending wave without any corrections at 1.1006, EURUSD has formed the first descending impulse to reach 1.0964 along with the correction towards 1.1003. Today, the pair may form the second descending impulse to return to 1.0964. After that, the instrument may break this level and then continue trading downwards with the first target at 1.0920.

GBPUSD, “Great Britain Pound vs US Dollar”

After forming a wide consolidation range around 1.2901, GBPUSD is still moving downwards. Possibly, the pair may break 1.2850 and then continue trading inside the downtrend with the target at 1.2786.

USDCHF, “US Dollar vs Swiss Franc”

After finishing the descending wave at 0.9672, USDCHF is consolidating near the lows. Later, the market may break this range to the upside and start another growth with the target at 0.9717.

USDJPY, “US Dollar vs Japanese Yen”

After breaking 109.68, USDJPY is still falling. The main scenario implies that the price may fall to reach 108.74 and then form one more ascending structure with the first target at 110.18.

AUDUSD, “Australian Dollar vs US Dollar”

After rebounding from 0.6593, AUDUSD continues moving downwards with the short-term target at 0.6519. Later, the market may start another correction to reach 0.6558 and then form a new descending structure towards 0.6500.

USDRUB, “US Dollar vs Russian Ruble”

After forming a new consolidation range around 65.71, USDRUB has broken it to the upside. Possibly, the pair may grow to reach 66.96 and then start a new decline towards 65.80. After that, the instrument may form one more ascending structure with the target at 67.27.

USDCAD, “US Dollar vs Canadian Dollar”

After forming another consolidation range around 1.3344, USDCAD has broken it to the upside. Today, the pair may continue the ascending wave towards 1.3481 without any corrections. Later, the market may resume trading downwards to return to 1.3344.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1641.65. Possibly, today the pair may form a new descending structure to break 1623.10 and then continue trading inside the downtrend with the target at 1594.50.

BRENT

Brent is still moving downwards. Today, the pair may reach 50.50 and then start another growth towards 52.44, thus forming a new consolidation range between these two levels. After breaking the range to the upside, the instrument may resume trading upwards with the first target at 54.22.

BTCUSD, “Bitcoin vs US Dollar”

After forming the consolidation range around 8700.00, BTCUSD is trying to break it to the upside. Possibly, the pair may start another growth towards 9225.00 and then form a new descending structure with the target at 8456.00.

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.

By George Prior

The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organizations.

The prediction by Nigel Green, CEO and founder of deVere Group, comes after equities lost a tenth of their value this week as investors piled into havens on growing concerns the coronavirus outbreak will hit the world economy and impact corporate profits.

Mr Green notes: “Until this week, the markets had largely shrugged off the impact of the outbreak of coronavirus.  We warned about complacency leaving many wide-open to nasty surprises.

“This has now changed. Investors have done a ‘one eighty’ – from a muted overly confident reaction to the serious and far-reaching global issue of coronavirus to running like headless chickens.

“Both extremes are worrying and could potentially wreak havoc on investors’ returns.”

He continues: “However, the worst global market sell-off since the 2008 crash will almost certainly become an important buying-opportunity for many investors.

“With markets on the brink of correction territory, panic-selling, mis-pricing of high quality equities, and lower entry points, this could turn out to be one of the key buying opportunities in the last 10 years.

“Some of the most successful investors will embrace volatility to create, maximise and protect their wealth.

“As ever in times of increased turbulence, there will be winners and losers. A professional fund manager will help investors take advantage of the opportunities that volatility presents and mitigate potential risks.

Earlier this week, Mr Green noted: “In the current volatile environment, investors – including myself – will be revising their portfolios and drip-feeding new money into the market to take advantage of the opportunities whilst reducing risk at the same time.”

The deVere CEO concludes: “Global investors should not be spooked by the return of volatility on stock markets but, where possible use it to their financial advantage.

“Of course, no–one knows for sure what will happen in the immediate future but, as stock markets typically rise over a longer-term period, now is the time to capitalise on the more favourable prices of decent stocks.

“It can be expected that in coming days, serious investors will be bargain-hunting.”

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

BTCUSD, “Bitcoin vs US Dollar”

Bitcoin is testing the key support level at 8490.00, while Ethereum is about to start another descending impulse. As we can see in the H4 chart, the divergence made BTCUSD stop rising at 50.0% fibo and start a new decline, which has already reached the long-term support at 8490.00. If the price breaks this level, it may continue falling towards the mid-term low at 6430.30. However, one shouldn’t ignore another possibility, according to which the pair may rebound from the support and form a new rising impulse towards 61.8% at 11010.00.

The H1 chart shows more detailed structure of the current decline after the divergence. After reaching 38.2% fibo, the pair has started a slight correction. The next downside targets are 50.0% and 61.8% fibo at 8468.00 and 7991.00 respectively.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, ETHUSD has formed a strong impulse to break a Triangle pattern downwards and reach 38.2%. Right now, the pair is trying to decide what to do next, either continue falling or grow to update the highs. If the market starts a new rising wave, its target will be the high at 288.98 and 76.0% fibo at 304.00. In the case of a further decline, the targets will be 50.0% and 61.8% fibo at 202.54 and 182.15 respectively.

The H1 chart shows a slight pullback after the descending wave. After completing the correction, the instrument may fall towards 50.0% and 61.8% fibo at 202.54 and 182.15 respectively. The resistance is the high at 288.98.

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.