Despite the situation with retail sales in Canada (the fact was +1,1% vs the forecast1%) ‘loonie’ is still rising. On Thursday the pair reached the level 1,34800 We think that the situation is getting better for the US dollar owing to the situationaround the trade war and Iran. The relationships between the US and Iran are really tense now. There is an opinion...
There are several tips which are showing that NZD could rise against JPY. 1. There is a gap which has not been closed (6-th May) 2. MACD lines are approaching each other 3. Parabolic SAR is ready to reverse Technically the pair is moving sideways (flat). But there can be a breakthrough up.
There are several signals to open long positions. For example MACD lines are approaching each other. Parabolic SAR reversed and started rising. The pair is breaking the local trend line up.
Good afternoon! Right now the situation is getting better for Canadian currency. There are several signals to buy. At first CAD broke the trend line up. We see signals from different indicators, like MACD and Parabolic SAR. Also there sis the gap down which has not been closed yet. Summary: we believe that there are signals for CAD to rise. The targets...
Hello Traders, Yaroslav here! We have been watching the EURGBP currency pair rip past resistance levels for the last few weeks. Political turmoil and investor uncertainty has caused severe loses in the British currency but just like all moves in the market this move too must have a correction. Because the move is so pronounced and has little fundamental support...
‘Trade war’ – this scary phrase is really popular now among analysts and traders. There is still no agreement between China and the United States. As a result, we can face one of the most demolishing situations in modern history. Almost all countries will suffer from this conflict. Switzerland is not an exception. More than 9% of Swiss export is to China. More...
Trading negotiations between the US and China have placed the Japanese currencyunder pressure. Japanese household spending on Thursday the 9-th rose (the fact is+2,1% against the forecasted +1,7%). Right now, the Swiss franc is rising against the Japanese currency. Is it time for a fullcorrection or it’s just a ‘bearish flag’? Technical analysis 1D TF - price...
Unemployment rates in Switzerland released on Wednesday, are published at the level 2,4%. On Wednesday the Swiss franc started strengthening against the British currency. Even good news from the British housing market did not help the GBP. Technical analysis On 1W TF the British pound reached the 200-EMA, which is heading down....
Technical analysis 1DTF shows us a downward bearish trend. The Aussie reached the support level at 0,7000 and after the monetary policy the pair tried to break the 23,6% Fibo correction level (0,7020) There is a possibility that the pair is forming a ‘double bottom’ pattern with 0,7070 as a confirmation line MACD shows us that the histogram is rising and...
Strong NFP and unemplyment rate data released last week was very successful for the USD Nonfarm Payrolls report was released at +263K (vs the expected +181K) Unemplyment rate was released at 3.6% (vs the expected 3.8%) This was the lowest level since the 1960's We see a gap on USD/NOK. The USD jumped up and reached the level of 8.75000 1DTF shows us...
Fundamental Analysis GlobalDairy Trade Price Index is demonstrating a downtrend since the beginning of March New Zealand's inflation for the first quarter decreased and settled at +1.5% (YoY) compared to the +1.9% in the previous year Consumer price index QoQ was released at +0.1% instead of the forecasted +0.3% The slowing down of the inflation is due to...
The US economy is still demonstrating good results. Good Nonfarm payrolls and retail sales statistics for March as well as the US GDP for the first quarter, which surpassed the forecast (the fact was released on the level +3,2% - the forecast was +2%), provided the strengthening of the US currency against conservative Switzerland’s franc. Even good inflation data...
British pound was falling down against the Japanese yen from the middle of April. The situation got worse for the GBP when Japanese retail sales were released on Thursday the 25-th. The fact for March was released at the level +1% (the forecast was +0,8%). Technically we see that there are tips demonstrating a possible correction up. On 1D TF 200-EMA is moving...
Australian CPI which was published Wednesday morning demonstrated consumption decreasing. CPI for the first quarter is 0% (the forecast was 0,2%). As the result AUD started falling down. The pair AUD/CHF attracted our attention today, because Australian currency reached the resistance line and luckily fundamental news confirmed the bearish tendency. On the 1W TF...
Fundamental features: Markets in Australia and in Great Britain were closed on Monday due to Easter. Last Thursday British retail sales were published. The actual data was quite good – retail sales in March grew for 1,1%. Core retail sales MoM grew for 1,2% (the forecast was -0,3%). Consequently, the situation with consumption in GB looks great. This week we...
From May the 2-nd the US starts imposing sanctions on all countries that are buying oil from Iran. As the result Brent oil jumped up till 74$ per barrel and gave support to Canadian dollar, which is now strengthening against the Australian dollar. On our working daily time frame the pair broke down the local trend line, which was heading up. That happened after...
On 1W TF the pair reached the resistance level 1,0100 Williams %R is in overbought zone ready to reverse. On our working 1D TF the local trend is still bullish BUT the volume is getting down. It is possible to open short positions after we see confirmation signals from indicators e.g. the pair breaks 9-EMA (1,004) down. Fundamentally on Wednesday the US...
There are several signals to sell on working 4H TF. At first - we see that MACD lines intersected each other, Williams %R started returning from overbought zone into the working zone, Parabolic SAR reversed. On higher 1D TF the pair tested 200-EMA and started bouncing back. 'Evening star' pattern appears. If the pair breaks the level 79,80 it will be possible to...