Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest...
Current trend Yesterday the pair USD/CAD slightly grew moving away from the strong support level of 1.3200. The quotes of CAD reacted to the fall of oil prices. The downward trend in the pair was so strong that even the reduction on the price of hydrocarbons failed to push CAD down against USD. Oil prices may break the strong support level if the volume of...
Current trend From the end of the previous week the Japanese currency is going down against the US dollar. The Bank of Japan decision to keep interest rate at the minimal level and unexpectedly high trade deficit were the main causes of the JPY fall. The growth of the USD/JPY pair is also affected by the strengthening of the USD after each of FRS officials’...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the lower border of the cloud (123.381). The closest resistance level is Tenkan-sen line...
XAG/USD, D1 On the D1 chart the instrument moved away from the support level of 16.45 and moved to growth. Bollinger Bands are directed sideward, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone with its volumes reducing and keeping the sell signal. Stochastic is in the oversold zone...
Current trend Last week Swiss franc was falling against USD in view of FOMC decision to increase the interest rate. On the other hand, the fall of franc was facilitated by the fact that the National Bank of Switzerland kept the rate on the previous level. Yesterday the head of FOMC New York William Dudley continued Janet Yellen's rhetoric and stated that the US...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is descending. The instrument is trading around lower border of the cloud. The closest support level is Tenkan-sen line (3.50596). The closest resistance level is the upper border of...
Current trend Australian currency is proving its strength once again consolidating against USD after considerable fall in April and early May. In the middle of May the pair moved away from the keu support level 0.7330 and went up in view of growing investor support caused by the release of positive data on key economic sectors and stable monetary policy of the...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the lower border of the cloud (0.8753)....
Current trend In the beginning of the current week USD continued to decrease against yen in view of the growth of demand for it and the decline of USD rate in view of the upcoming decision on the interest rate. Investors expected that FOMC members would postpone the increase of the interest rate and winding up the stimulation program. In his case USD had to gain...
Current trend In view of the absence of important macroeconomic releases market participants continue to buy the US currency which in turn leads to the reduction of gold rate to the level of 1251.72. The sellers have tested this level several times, but failed to drop the rate below it. If the sellers fail to consolidate below 1251.72 and the buyers take the...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading around lower border of the cloud. The closest support level is Kijun-sen line (3.50535). The closest resistance level is the upper border of the cloud...
Current trend As expected, after the long growth the NZD against the USD due to the lowering of the investors’ interest in the US dollar the pair rebounded from the key resistance level 0.7320 and began to lower. The main catalyst of the fall became the USA FRS interest rate increase. The FRS presented the US economy stimulation cutting plan. After the decision...
Current trend The EUR/USD pair reacted to the negative US inflation and Retail Sales by the active growth. The pair could reach the maximum around the level of 1.1295. The negative inflation data make the investors to worry, as the USA FRS could refuse from its plans of the further increase of the interest rate. However after the Janet Yellen speech on the FRS...
Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is the upper border of the cloud...
Current trend After the good growth in April and May the EUR against the USD reversed into the consolidation stage. During the last three trading weeks the pair is trading in the sideways trend within the channel of 1.1155-1.1280. At the moment the pair consolidates near the lower border of the upward channel, and in case of the publication of the strong USA...
Current trend The rate of GBP/USD continues to gradually strengthen and has already reached the level of 1.2800, but failed to consolidate above it. After the release of mixed statistics pon the UK labor market the rate moved downward. Jobless Claims were better than expected and decreased to 7.3K in May from 22K a month earlier. Average salary was worse than...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. Tenkan-sen and Kijun-sen lines have become support (82.90) and resistance (82.97) levels respectively...