All Blog Posts (3,286)

GBP/USD: waiting for publication of US GDP

GBP/USD: waiting for publication of US GDP



Current trend



This week, GBP/USD quotes have tested a resistance level of 1.4980 a couple of times, but failed to break it down. The latest attempt was made on Thursday after publication of positive statistics for UK retail sales. The index registered a 5.1% year-on-year increase and 0.7% month-on-month increase, with both values exceeding forecasts. However, it should be noted that the increase in sales is due to… Continue

Added by AlexanderLF on March 27, 2015 at 4:57pm — No Comments

AUD/USD: potential for growth exists

AUD/USD: potential for growth exists



Current trend



AUD/USD has continued to trade within a wide upward channel this week. Today, quotes have reached its lower border and then started to rally again. The price is currently located near the middle line of Bollinger bands coinciding with a level of 0.7855. The bands themselves are narrowing as it happens ahead of a serious price jump. Market participants are not likely to risk before tomorrow's publication of… Continue

Added by AlexanderLF on March 26, 2015 at 3:59pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



EUR/USD clawed back a part of lost positions after yesterday's fall. The dollar was supported on Tuesday after publication of statistics for US inflation. Core consumer price index grew by 1.7% year-on-year and by 0.2% month-on-month. Both indexes were higher than expected. Today, market participants are waiting for February's data on US durable goods orders that are forecast to decrease.



Support and… Continue

Added by AlexanderLF on March 25, 2015 at 5:05pm — No Comments

XAU/USD: general review

XAU/USD: general review



Current trend



Gold quotes continue to rise slowly as Fed failed to provide information on the dates of an interest rate rise at the latest meeting. An important resistance level is at 1200.00 and coincides with M200 moving average. If the price consolidates above it, it may continue to grow to 1250.00-1265.00.



On the whole, as many experts believe, gold remains a perfect asset for increasing money due to low interest rates… Continue

Added by AlexanderLF on March 24, 2015 at 4:02pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both directed upwards. Chinkou Span line is above the price chart; current cloud is ascending. The pair has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (1.0789). One of the previous maximums of Chinkou Span line is expected to be a resistance level at… Continue

Added by AlexanderLF on March 23, 2015 at 4:59pm — No Comments

Brent: general overview

Brent: general overview



Current trend



As expected, Brent crude oil dropped yesterday to about 54.00 due to a technical correction, but failed either to consolidate below or push off from this level. For want of important macroeconomic releases market participants have not been active and the market has been quite calm. At the same time, many analysts think that the growth of oil prices won't last long. The increase in US oil stocks and the high oil production… Continue

Added by AlexanderLF on March 20, 2015 at 3:15pm — No Comments

NZD/USD: the pair is under correction after yesterday's growth

NZD/USD: the pair is under correction after yesterday's growth



Current trend



NZD/USD has been highly volatile his week. Quotes dropped to a level of 0.7274 on Tuesday once the information on an 8.8% decrease in dairy prices was published. However, the price increased sharply on Wednesday having reached a 2-week high at 0.7547. The increase was due to FED's meeting where the outlook for US GDP growth for a few next years was downgraded. Thus, it may amount to… Continue

Added by AlexanderLF on March 19, 2015 at 4:56pm — No Comments

Forex: Ichimoku Clouds. Review of GBP/USD

Forex: Ichimoku Clouds. Review of GBP/USD



GBP/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both turning downwards once again. Chinkou Span line is below the price chart; current Kumo-cloud is descending. After another correction the pair resumes its movement towards the level of 1.4685. The closest resistance level is Tenkan-sen line (1.4800).







GBP/USD, D1



On the… Continue

Added by AlexanderLF on March 17, 2015 at 4:41pm — No Comments

EUR/USD: general overview

EUR/USD: general overview



Current trend



EUR/USD regained ground yesterday after a protracted fall. The greenback was under pressure due to US downbeat data. The volume of retail sales reduced by 0.6% instead of growing by 0.5%, as expected. Negative sales dynamics have lasted for 3 months in a row. Last assessment period showed a 0.8% decrease. Analysts are linking the depressive statistics to a longer winter season in the northern states which holds back… Continue

Added by AlexanderLF on March 13, 2015 at 4:20pm — No Comments

USD/JPY: upward trend is still strong

USD/JPY: upward trend is still strong



Current trend



This week the pair USD/JPY was testing the level of 122.00, but couldn't overcome it. Today the pair is being corrected due to the positive stats on Japanese indices: Consumer Confidence increased by 1,6 points, exceeding forecasts, while Tertiary Industry Activity index reached the peak since March 2014.

Today investors are waiting for the February Retail Sales release in USA. The indicator is expected… Continue

Added by AlexanderLF on March 12, 2015 at 4:19pm — No Comments

AUD/USD: key level at 0.7600

AUD/USD: key level at 0.7600



Current trend



AUD/USD quotes have been dropping since Friday when strong statistics for the US labour market were published. The NFPR indicator exceeded forecasts substantially. The Australian dollar is also badly affected by the problems of Australia's important trading partner - China. The Chinese industrial production index has dropped to a record low at 6.8% since 2009.

No important economic statistics for the pair are… Continue

Added by AlexanderLF on March 11, 2015 at 3:37pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current cloud is descending. The pair is trading within the downward trend and is moving towards the level of 1.7015. The closest resistance level is Tenkan-sen line (1.0820).







EUR/USD, D1

On the daily chart Tenkan-sen line is… Continue

Added by AlexanderLF on March 10, 2015 at 2:54pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend

GBP/USD reached this month's lowest value on Friday, having dropped to a value of 1.5031. The pound weakened owing to the strengthening of the US dollar. Data on non-farm payrolls turned out to be better than expected, demonstrating an increase in new jobs by 295 thousand against a forecast of 241 thousand and the previous value of 239 thousand. The unemployment rate decreased by 0.2% and amounted to 5.5%, which is… Continue

Added by AlexanderLF on March 9, 2015 at 3:18pm — No Comments

GBP/USD: Fundamental catalysts to define further trend

GBP/USD: Fundamental catalysts to define further trend



Current trend



All major currencies, including the pound, were under pressure on Wednesday owing to the dollar strengthening against a backdrop of US upbeat statistics. Besides, UK service sector PMI dropped to 56.7 despite positive forecasts of 57.6.

Today, the pair has reached a level of 1.5225 and then has slightly corrected upwards. The Bank of England's decision on interest rates and volumes of… Continue

Added by AlexanderLF on March 5, 2015 at 3:06pm — No Comments

USD/JPY: Investors waiting for fundamental news

USD/JPY: Investors waiting for fundamental news



Current trend



The USD/JPY grew at the beginning of the week reaching a 3-week high at 120.26. However, by Wednesday the pair had lost some positions and the price is currently located at 119.60. The quotes are likely to remain within a range of 119.35-119.70 as market participants are waiting for fundamental news of the week: ECB President Mario Draghi's statement and publication of February's economic… Continue

Added by AlexanderLF on March 4, 2015 at 3:32pm — No Comments

EUR/USD: the overbought dollar is losing investors' support

EUR/USD: the overbought dollar is losing investors' support



Current trend



The European currency weakened substantially against the dollar in the middle of the previous week. The euro came under pressure owing to weak macroeconomic data on the eurozone's key economic sectors and a growing demand for dollars ahead of a probable interest rate rise. The EUR/USD fell below the key support of 1.1285, almost reaching a recent low at 1.1100. In spite of the drop of… Continue

Added by AlexanderLF on March 3, 2015 at 5:21pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend

Brent crude oil quotes rose above a level of 62.00 on Friday, reaching a maximum at 62.66 due to the fears that gas supplies from Russia to the European Union would be hampered. The situation had been caused with Ukraine failing to pay its fuel bill, while being the main gas transit country. A meeting between Russia and the EU concerning the issue is to take place today.

Another factor that influenced Brent price was news… Continue

Added by AlexanderLF on March 2, 2015 at 3:43pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend



The GBP/USD refreshed local highs at about 1.5550 yesterday morning but failed to hold at that level and moved downwards straight away. The US consumer price index released yesterday raised the demand for the American currency and the pair dropped to a level of 1.5400.



Statistics for US GDP are worth attention today as they can affect the pair. The forecasts are quite downbeat, and the GBP has all… Continue

Added by AlexanderLF on February 27, 2015 at 2:05pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend



Yesterday, Brent crude oil tested a level of 60.00. A compromise regarding financial assistance to Greece contributed to the growth of oil quotes. The EU's finance ministers had approved of a Greek reform plan and extended bailout terms for another 4 months. In particular, the Greek government had promised to continue selling state-owned assets, consolidate pension funds to cut expenses, take measures to fight tax dodgers… Continue

Added by AlexanderLF on February 25, 2015 at 5:20pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD



AUD/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above above the cloud, forming a signal to sell. Chinkou Span line has crossed the price chart from above, current cloud is still ascending. The pair has broken down the cloud and is moving towards 0.7680. The closest resistance level is the lower border of the cloud (0.7759).







AUD/USD,… Continue

Added by AlexanderLF on February 24, 2015 at 2:20pm — No Comments

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