Current trend After the long fall the gold price met the support at the zone of 1210.00-1220.00, after which it reversed to the upward correction. The upper border of the channel D1 (green), which has been supported the price for the 4 months, coincided with the 50% Fibonacci from the last half a year price growth. Despite the strong technical support, the...
Current trend Yesterday the NZD/USD grew to the area of 0.6947, and today rapidly lowered by 1.15% to the area of 0.6850 after RBNZ kept the interest rate in the same level of 1.75%. The RBNZ members also commented that despite some positive steps in the economy (inflation, dairy prices) the regulator intends to imply mild monetary policy further. The investors...
Current trend The AUD was lowering against the USD due to the list of factors, such as the RBA interest rate decision, the lowering of copper, gold and iron ore, the poor macroeconomical Australian statistics. After a quite long fall the price reversed into the upward correction form the level of 0.7330, which is quite strong support level. The breakout of this...
Current trend On Thursday the pair was lowering and tested the level of 0.6850, which is has been trying to break for the second week, again. The NZD weakened due to the general lowering of the world commodity prices: the CRB index reached the minimum from the last August level around 177.0 on Thursday, as it has been lowering in general from January. Today the...
Current trend The negative USA Trade Balance data and the negative inflation data from Japan, published on Friday, and the BoJ Monetary Policy Meeting Minutes, which proclaims that the inflation is insufficient for the tightening of the monetary policy, confirmed the reversal of the pair form the 6 month minimum. As a result the USD/JPY pair consolidated above...
XAG/USD, D1 On D1 chart the instrument consolidated above the strong resistance level of 17.26. Bollinger Bands are reversing downwards, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone and its volumes are decreasing keeping the sale signal. Stochastic has reached the oversold...
Current trend During the current week the pair continued to trade within the lateral channel of 1.2850-1.2770 that it entered after the decision of the UK Prime Minister Theresa May to hold early parliamentary elections. Since them the pair experiences driver deficiency, and the market is waiting for the beginning of the election campaign and the results of...
Current trend Yesterday the rate of EUR/USD managed to consolidate above 1.0900 and reached the level of 1.0949. The price of EUR grew in view of the upcoming ECB meeting. Experts believe that the regulator shall keep the fiscal policy unchanged. Strong currency prevents ECB from reaching target inflation levels that remain very low. That is why the comments of...
USD/JPY, D1 On D1 chart the pair corrected to the middle line of Bollinger Bands. The price made yet another attempt to consolidate above the level of 110.00. MACD histogram is in the negative zone keeping the sale signal. Stochastic is located in the neutral zone and does not provide clear signals. USD/JPY, H4 On H4 chart the instrument is growing along...
USD/CHF, D1 On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is falling towards the border of the oversold zone. The Composite is testing its last month support. USD/CHF, H4 On the 4-hour chart, the pair is trading on the lower line of...
Current trend For the whole previous week silver was being corrected against its 4-weeks growth. Obviously, geopolitical and fundamental factors of consolidation of precious metals and other safe haven assets such as yen, Swiss franc, or American bonds, remained in force. Moreover, new events occurred such as French elections. The growth of silver stopped...
Current trend The main event of the previous week for GBP was the announcement of early parliamentary elections by the UK Prime Minister Theresa May. The decision was unexpected for the market players, and the pair GBP/USD that used to be under pressure from potential problems caused by Brexit gained strong support and almost 400 points during the trading day....
The growth of the pair is expected. The third wave of the highest level 3, within which the entering momentum of the lower level (i) has formed, is forming. Locally the downward correction (ii), which reached the level of 50%, has formed. If the assumption is correct, the pair can grow to the level of 1.0104. The level of 0.9938 is critical for this scenario. ...
Current trend This week the NZD grew against the USD due to the positive data from the World Dairy Market. On Tuesday the milk price index reached the maximum from the December, 2016. Yesterday the New Zealand Consumer Price Index reached the 6-year maximum, which also supported the NZD. In addition the USA employment market and the Philadelphia Fed...
Current trend US dollar remains in the medium term downward tendency against the Japanese yen. In the beginning of April the pair significantly dropped in view of demand for JPY. The interest of investors in yen was caused by the uncertain situation in the economies of the EU and UK and lower demand for USD due to delay in winding up stimulation measures. The...
Current trend After a month of active growth silver has been under correction during the current week. It was caused by strong resistance levels namey the upper border of the upward D1 (blue) channel that matched the zone of 18.50. Locking in profits on this level is reasonable. Today the market is waiting for US unemployment data and production activity index...
The trend is upward. The upward correction of the highest level as a fourth wave 4, within which the wave c of 4 is developing, is forming. Locally the third wave (iii) of c is developing as a momentum. If the assumption is correct, the pair will grow to the level of 1.2950-1.3050. The level of 1.2740 is critical for this scenario. Trading scenario Buy the...
Current trend This week the pair has been falling and by now it has decreased to the level of 0.7500. On Tuesday US dollar was influenced by the publication of the recent MoM of Reserve Bank of Australia. Generally, it confirmed the "dovish" trend in the regulator. Its members decided to follow the economic situation but to abstain from changes in the rate....