All Blog Posts (3,200)

USD/CAD: the pair is trading in the downward channel

USD/CAD: the pair is trading in the downward channel



Current trend



On Thursday, correction in the pair USD/CAD continued. The quotes had tested the upper line of Bollinger bands indicator, but after failing to break it down, the pair fell to the level of 1.1293. Pressure on the USD was caused by the weekly report on initial applications for unemployment benefits, the number of applications amounted to 291 thousand, which was above the forecast. The data on… Continue

Added by AlexanderLF on November 21, 2014 at 1:14pm — No Comments

GBP/USD: review

GBP/USD: review



Current trend

At yesterday’s trading session the price of GBP/USD has slightly rose. At the end of the trading day the British currency gained over 60 points against the USD. The pair GBP/USD was supported by the outcome of yesterday’s meeting of the Bank of England, where it was decided to leave interest rate at the previous level, due to low inflation rate, which showed growth of only 1.3% in October versus 2%, which is the target set by the Bank… Continue

Added by AlexanderLF on November 20, 2014 at 2:15pm — No Comments

NZD/USD: the pair is undergoing correctiont

NZD/USD: the pair is undergoing correctiont



Current trend



On Tuesday quotes of the pair sharply dropped reaching the level of 0.7852. Strengthening in the USD had been of the technical nature, although the USD was also supported by the rise in the producer price index for October. At the moment the primary target of the “bears” is 0.7840 (bottom line of Bollinger bands). The quotes are unlikely to go further down. Market participant will not take risk in… Continue

Added by AlexanderLF on November 19, 2014 at 2:51pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend

On Monday the pair USD/JPY traded in the range of 115.45-117.05. After the opening of the session the price fell; however after determining support level, the chart went up. Market is in anticipation of the interest rate decision at tomorrow’ meeting of the Bank of Japan. In case of the increase in the interest rate, Japanese currency will grow significantly.



Support and resistance

On the four-hour… Continue

Added by AlexanderLF on November 18, 2014 at 2:12pm — No Comments

Brent: analysis and forecast

Brent: analysis and forecast



Current trend



Since the breakdown of support level at 80.00 last week, (which was rather psychological than a technical level), the price chart has never risen above this mark. Oil prices have been declining since the summer, and it seems that this trend will remain unchanged. One of the main factors putting pressure on Brent is the increasing volume of oil production. Market participants assume that at the next meeting OPEC,… Continue

Added by AlexanderLF on November 18, 2014 at 12:25pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend

Last week the USD continued to strengthen due to positive US macro-economic statistics; however the pair EUR/USD was not able to consolidate below the level of 1.2400. The data on the US retail sales and consumer confidence index have exceeded the forecast; while the increasing number of applications for unemployment benefits has slightly spoiled statistics. As a result, the pair finished the last week reaching the level… Continue

Added by AlexanderLF on November 17, 2014 at 3:23pm — No Comments

GBP/USD: weakening of the British economy continues to put pressure on the Pound

GBP/USD: weakening of the British economy continues to put pressure on the Pound



Current trend



This week the pair GBP/USD has reached new annual lows at the level of 1.5654. The British Pound is still under pressure from the inflation report of the Bank of England, which shows that in the next six months inflation rate can be less than 1%. The British regulator has also lowered the forecast of economic growth up to 2.9%, which boosted sales of the British… Continue

Added by AlexanderLF on November 14, 2014 at 2:31pm — No Comments

EUR/USD: review and forecast

EUR/USD: review and forecast



Current trend



Yesterday, due to lack of important economic news, volatility in the pair EUR/USD was low. At the moment the pair continues to consolidate, and is trading in the range of 1.2418-1.2495. The pair is under pressure from the US news. Yesterday the head of the Federal Bank of Philadelphia, Charles Plosser said that it is necessary to raise interest rates in the USA. He believes that the base interest rate does not… Continue

Added by AlexanderLF on November 13, 2014 at 4:43pm — No Comments

EUR/USD: recovery in the pair is not expected in the near future

EUR/USD: recovery in the pair is not expected in the near future



Current trend



The pair EUR/USD has shifted to consolidation phase near important support level of 1.2360. The main macro-economic European statistics will be released later; nevertheless investors do not believe that European economy will start to grow rapidly. The only catalyst for the upward movement is the fact that Euro is significantly oversold.

Attention today shall be paid to the… Continue

Added by AlexanderLF on November 12, 2014 at 3:31pm — No Comments

AUD/USD: downward movement is likely to continue

AUD/USD: downward movement is likely to continue



Current trend



The pair AUD/USD has opened upward this week, due to the poor data on the US labor market. Recall that in October the number of jobs outside agricultural sector has reduced to 214 thousand. However, the rise in the pair has been short-term. The price had reached the upper line of Bollinger bands at the level of 0.8683 and then corrected. Currently, the price has broken down the level of 0.8615… Continue

Added by AlexanderLF on November 11, 2014 at 3:18pm — No Comments

SPDR S&P 500 ETF (SPY) Seems Set For A Breakout

The SPDR S&P 500 ETF (SPY) seems set for a breakout after advancing further last week at the back end of a strong U.S jobs data. The SPY has added more than 20 points over the last three weeks following a series of good economic events from the U.S department of commerce.

It began with the announcement that the Federal Reserve was going to end the Quantitative Easing Program QE (at the end of last month), after four years since the economy-boosting program was set up. This…

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Added by Nicholas Kitonyi on November 10, 2014 at 9:29pm — 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 horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The closest support level is Tenkan-sen line (1.5853). Flat Kijun-sen line (1.5975) won’t let the pair higher.







GBP/USD, D1

On the daily chart Tenkan-sen line is also below Kijun-sen, however the… Continue

Added by AlexanderLF on November 10, 2014 at 4:13pm — No Comments

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Added by yuval on November 9, 2014 at 10:47pm — No Comments

EUR/USD: overall review

EUR/USD: overall review



Current trend



Yesterday the pair EUR/USD has hit a new “record,” reaching the lows of August 2012 at the level of 1.2364. Sharp decline took place after press-conference of the chairman of ECB. Mr. Draghi, who has made it clear in his speech that in case of a need, a new stimulus package will be unanimously approved by all members of ECB.

Today, US NFPR index will become known. If Nonfarm Payrolls goes up above expected 229… Continue

Added by AlexanderLF on November 7, 2014 at 1:23pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CAD

Forex: Ichimoku Clouds. Review of USD/CAD



USD/CAD, H4



Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. After a strong rise the pair has been corrected under Tenkan-sen line, which is now a resistance level (1.1418). The next obstacle for the price on its way down will be Kijun-sen line (1.1326).…



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Added by AlexanderLF on November 6, 2014 at 3:41pm — No Comments

AUD/USD: the Australian currency is still overvalued

AUD/USD: the Australian currency is still overvalued



Current trend



The currency pair AUD/USD continues to trade in the downward channel. Following the release of the negative US trade balance for September on Tuesday, the pair has reached the upper limit of the channel at the level of 0.8763. Today, the price has resumed downward movement, which was caused by the European macro-statistics. It became known that retail sales volume in European countries has… Continue

Added by AlexanderLF on November 5, 2014 at 2:47pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



Last week the American dollar had received support after the meeting of the US FOMC; at the same time, the pair EUR/USD has weakened and continues to remain under pressure. Follow-up statements of the US Fed were sharper than expected by investors. The latest statistics also showed that growth rate is at the same level.

This trading week the pair had started with the downward movement and quickly reached new… Continue

Added by AlexanderLF on November 3, 2014 at 4:11pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend



Following yesterday’s rise in the pair GBP/USD up to the level of 1.6038, today the price fell to the previous support level of 1.5965. The GBP was supported by poor data on the US labor market, showing that the number of applications for the unemployment benefits has slightly increased. Market reacted to the news by buying the Pound; however at the end of the session the price of the pair has returned to the… Continue

Added by AlexanderLF on October 31, 2014 at 1:53pm — No Comments

XAU/USD: analysis and forecast

XAU/USD: analysis and forecast



Current trend

For over a week gold has been trading in the narrow range of 1234.00-1225.00, trying to go beyond these limits. Several attempts to exceed the upper limit and reach the local lows of 1255.00 were unsuccessful.

Today, market is in anticipation of the US Fed meeting. It is assumed that FOMC will announce the termination of the asset purchase program. It is unlikely that interest rates will be raised in the near… Continue

Added by AlexanderLF on October 29, 2014 at 1:34pm — 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 has crossed Kijun-sen from below, indicating new wave of the upward movement. Chinkou Span line is crossing the price chart from below; current Kumo-cloud is ascending. The closest support level is the upper border of the cloud at 1.6087. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 1.6181.…



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Added by AlexanderLF on October 28, 2014 at 1:32pm — No Comments

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