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  • #31
    GBP/USD: general analysis
    Current trendSupport and resistance
    The nearest support level is 1.4965 (8 December support level).
    The resistance level is 1.5082 (MA24, 4 December low and 7 December high).
    Trading tips
    Short positions can be opened from the level of 1.5046 with the target at 1.4965 and stop-loss at 1.5082.

    Comment


    • #32
      EUR/USD: waiting for Fed meeting
      Current trend
      Yesterday the pair fell and lost about 150 points, which was the result of a publication of strong data in the US. The Consumer Price Index grew to 0.5% that was 0.1% higher than forecasts. Today attention of traders is focused on the Fed meeting where the regulator could increase its key interest rates for the first time since 2006. Usually, a rate increase significantly supports the national currency.
      The Fed Interest Rate Decision is due at 9 pm (GMT+2), its press conference is planned for 9:30 pm (GMT+2). Very high volatility is expected on the market.
      Support and resistanceTrading tips

      Comment


      • #33
        EUR/USD: general analysis

        Current trendSupport and resistance
        Support level: 1.0858 (1/8 Murray level).
        The nearest resistance level is 1.0900 (0/8 Murray level).

        Trading tips
        Short positions can be opened after the breakdown of the level of 1.0800 with the target at 1.0740 and stop-loss at 1.0825.

        Comment


        • #34
          AUD/USD: in contracting triangle


          Current trend
          Yesterday, the Federal Reserve raised US interest rates. This decision confirms the Fed is confident that US economic recovery is sustainable and suggests the Regulator has a favorable outlook for the global economy.
          RBA, in its turn, is likely to keep loose monetary policy due to weak inflation. Moreover, the Australian Dollar is under pressure from a continuous fall in commodity prices, in iron ore price in particular, as Australia remains the largest exporter of this raw material. Therefore, the AUD/USD pair tends to continue declining.

          Support and resistance
          On the daily chart, a contracting triangle has formed with the lower border near the level of 0.7190 and the upper border at 0.7335 (EMA144). The price is likely to breakdown the lower border of the triangle and continue declining to 0.7100, 0.7030, 0.6980 and 0.6910 (year lows).
          In case of a correctional growth, the price might reach the level of 0.7335 (EMA144 on the daily chart). An upward trend would resume only after the consolidation above the levels of 0.7465 (EMA200 on the daily chart) and 0.7510 (23.6% Fibonacci).
          Support levels: 0.7215, 0.7170, 0.7100, 0.7030, 0.6980, 0.6910.
          Resistance levels: 0.7300, 0.7350, 0.7400, 0.7500.

          Trading tips
          Short positions can be opened from the current level with targets at 0.7170, 0.7150, 0.7110, 0.7090, 0.7030, 0.6950, 0.6910 and stop-loss at 0.7250.
          Long positions can be opened from the level of 0.7260 with targets at 0.7300, 0.7335, 0.7410, 0.7450, 0.7490 and stop-loss at 0.7190.


          Comment


          • #35
            USD/CAD: review and forecast


            Current trendSupport and resistanceTrading tips
            Long positions can be opened above the level of 1.4000 with targets at 1.4050, 1.4100.
            Short positions can be opened below the level of 1.3900 with targets at 1.3840, 1.3800.

            Comment


            • #36
              XAU/USD: general analysis

              Current trend

              Support and resistance

              On the daily chart, the pair is trading between the lower and the meddle MAs of Bollinger Bands. MA50, MA100 and MA144 are above the current price and directed down. MACD histogram is in the negative zone. The DI lines of ADX are crossing each other and directed down.
              The indicators confirm a downward trend in the XAU/USD pair.
              Today, the price is likely to remain within the channel between the lower and the middle MAs of Bollinger Bands.
              Support levels: 1049.85 (lower MA of Bollinger Bands), 1049.98 (December low).
              Resistance levels: 1067.73 (middle MA of Bollinger Bands), 1084.65, 1099.14, 1120.41, 1133.94, 1165.35, 1191.93.

              Trading tips

              Comment


              • #37
                USD/JPY: BoJ loose monetary policy


                Current trendSupport and resistance
                Strong support levels are 121.35 (EMA on the daily chart) and 120.55 (EMA200 and the lower border of an ascending channel on the daily chart, 61.8% Fibonacci). After the consolidation below the level of 120.55, the price might decline further to 120.00 and 118.85.
                If the price overcomes the resistance levels of 121.50 (50.0% Fibonacci), 122.10 (EMA200 and EMA144 on the 4-hour chart), 122.50 (38.2% Fibonacci), an upward trend might resume towards 123.70 (23.6% Fibonacci), 124.50 and 125.00 (the upper border of the ascending channel on the daily chart).
                On the daily chart, OsMA and Stochastic recommend short positions; on the 4-hour chart, the indicators are turning to long positions, suggesting a downward correction is, possibly, nearing the end.
                Support levels: 121.35, 121.00, 120.55, 120.00, 118.85.
                Resistance levels: 121.50, 122.10, 122.50, 123.00, 123.70.


                Trading tips
                Long positions can be opened from the current level with targets at 121.90, 122.10, 122.50, 123.00, 123.50, 123.70, 124.00, 124.50, 125.00 and stop-loss at 121.20.
                Short positions can be opened from the level of 121.10 with targets at 120.55, 120.00, 118.85 and stop-loss at 121.60.


                Comment


                • #38
                  GBP/USD: important statistics
                  *
                  Current trend
                  Important data on the UK economy is expected during the week.
                  Tomorrow data on the Current Account is due. According to forecasts, in November the budget deficit increased by about 4.7 billion Pounds. On Wednesday, data on the third quarter GDP is out. The figure is expected to remain at 0.5%, unchanged from the previous quarter. At the same time, latest data on consumer inflation showed a near-zero growth, while producer price indices significantly fell.
                  Therefore, absence of inflation growth and poor macroeconomic statistics shift the expectations of monetary policy tightening in the UK to the second half of 2016 that will continue pressuring the pair.
                  *
                  Support and resistance
                  On the daily chart, the pair is falling towards the lower border if a descending channel near the level of 1.4860.
                  An upward correction in the pair could continue up to the levels of 1.5000 (ЕМА50 on the 4-hour chart), 1.5085 (ЕМА144), 1.5120 (ЕМА200), 1.5230 (23.6% Fibonacci correction and upper border of the descending channel). At the same time, a breakdown of the level of 1.4860 will accelerate the fall towards 1.4800, 1.4750 and 1.4600 (year lows).
                  On the daily and weekly charts, OsMA and Stochastic recommend short positions, while on the 4-hour chart the indicators are turning to purchases.
                  Support levels: 1.4860, 1.4800, 1.4750.
                  Resistance levels: 1.4960, 1.5000, 1.5085, 1.5100, 1.5120, 1.5230.
                  *
                  Trading tips
                  Open short positions from current prices with targets at 1.4860, 1.4800, 1.4750 and stop-loss at 1.4930.
                  Long positions can be opened from the level of 1.4940 with targets at 1.5000, 1.5085, 1.5100, 1.5120, 1.5190 and stop-loss at 1.4890.


                  Comment


                  • #39
                    EUR/USD: general analysis


                    Current trend
                    The single European currency is trading slightly up against the US Dollar. At present, the pair remains within the range of 1.0910-1.0930. Analysts suggest the USD will continue strengthening as the Fed has started tightening US monetary policy. ECB, in its turn, tends to expand monetary stimulus to boost the EU economy.
                    GDP data for the third quarter is due today in the US. If the indicator comes in above the forecast of 1.9%, EUR short positions should be placed.*


                    Support and resistance
                    The support level is 1.0807.
                    The nearest resistance level is 1.1009.*


                    Trading tips
                    Short positions can be opened from the level of 1.1009 with the target at 1.0815 and stop-loss at 1.1065.

                    Comment


                    • #40
                      XAG/USD: growth impulse getting weak
                      Current trend
                      Yesterday, Atlanta Fed President Dennis Lockhart said a hike in US interest rates is seen as a start of a new period in US economic growth. US economy has a solid momentum going into 2016. He also noted the Fed might continue increasing rates not at every meeting but every other meeting. Therefore, the US Dollar tends to strengthen while the price of precious metals will remain under pressure.
                      However, due to geopolitical tensions and global financial markets instability, demand for the safe haven assets might increase.
                      Support and resistance
                      Despite OsMA and Stochastic on the 4-hour and daily charts recommend long positions, the growth impulse is getting weak.
                      The price reached the resistance levels of 14.20 (ЕМА144), 14.30 (ЕМА200 on the 4-hour chart). Theoretically speaking, an upward correction might reach the level of 14.45 (ЕМА50 on the daily chart).
                      The pair is trading in a descending channel on the daily chart with the lower border near the level of 13.50 and in a descending channel on the weekly chart with the lower border below the level of 13.20. After the breakdown of the level of 14.00 (August lows), the fall will accelerate.
                      Support levels: 14.00, 13.80, 13.65, 13.50.
                      Resistance levels: 14.45, 14.80, 15.05, 15.30.
                      Trading tips
                      Short positions can be opened from the level of 14.20 with targets at 14.00, 13.65, 13.50, 13.20 and stop-loss at 14.40.
                      Long positions can be opened from the level of 14.55 with targets at 14.75, 15.00 and stop-loss at 14.40.


                      Comment


                      • #41
                        XAU/USD: general analysis
                        *
                        Current trend

                        After a strong growth at the beginning of the week, the price of gold declined and was ranging between 1080.68 and 1071.79 on Tuesday. At present, the price remains in the area of 1073.85 and might start correcting up to this week high 1081.60.
                        Durable Goods Orders statistics for November are due today in the US. This data is an important indicator for the market; its growth has a positive effect on the economy. However, analysts expect a decline to -0.7% from 3.0% in October that might affect the USD and ease the pressure on the XAU/USD pair.
                        *
                        Support and resistance

                        On the daily chart, the pair is trading between the upper and the middle MA of Bollinger Bands. MA50, MA100 and MA144 remain above the current price and directed down. According to the indicator, the pair is in a negative trend. MACD histogram is in the negative zone with almost no volumes. ADX indicator suggests a decline in the pair. The DI lines are directed parallel and down, ADX is falling.
                        Support levels: 1068.46 (middle MA of Bollinger Bands), 1051.22, 1046.43 (beginning of December low).
                        Resistance levels: 1084.74 (upper MA of Bollinger Bands), 1097.67, 1118.26, 1131.65.
                        *
                        Trading tips

                        Long positions can be opened from the current level with the target at 1080.87 and stop-loss at 1068.46.
                        If the price consolidates below the level of 1068.46, short positions would become valid. Open short positions from the level of 1065.60 with the target at 1051.22 and stop-loss at 1073.00.

                        Comment


                        • #42
                          USD/JPY: pair declined
                          *
                          Current trend
                          *
                          Support and resistance

                          A decline in the pair has stopped at the support level of 120.55 (EMA200 on the daily chart and 61.8% Fibonacci) which is also the lower border of an ascending channel on the daily chart. While the price remains above this level, it tends to grow in the medium term.
                          The breakout of the resistance levels of 121.35, 121.50 (50.0% Fibonacci), 122.00 (EMA200 and EMA144 on the 4-hour chart), 122.50 (38.2% Fibonacci) would allow the price to strengthen to 123.70 (23.6% Fibonacci), 124.50 and 125.00 (upper border of the ascending channel on the daily chart).
                          On the 4-hour, daily and weekly charts, OsMA histogram is near the zero line. Amid a decline in trading activity due to the upcoming holidays, the pair is likely to remain near the level of 121.00.
                          Support levels: 120.55, 120.00, 118.85.
                          Resistance levels: 121.35, 121.50, 122.00, 122.50, 123.00, 123.70.
                          *
                          Trading tips

                          Long positions can be opened from the level of 121.60 with targets at 121.90, 122.00, 122.50, 123.00, 123.50, 123.70, 124.00, 124.50, 125.00 and stop-loss at 121.20.
                          Short positions can be opened from the level of 120.35 with targets at 120.00, 118.85, 118.00 and stop-loss at 120.75.


                          Comment


                          • #43
                            AUD/USD: growth in oil prices supported AUD
                            *
                            Current trend

                            Yesterday, after the Energy Information Administration reported a fall in US crude inventories, the price of oil grew by 3.8%.
                            Since opening of the trading day, the AUD/USD pair has been strengthening amid a growth in commodity prices. The Australian Dollar gained support as Australia is a large exporter of commodities.
                            However, in the medium term, the pair tends to continue declining due to different approaches to monetary policy of the Fed and RBA.
                            Today, attention needs to be paid to Initial Jobless Claims data, due in the US. If the indicator comes in below the forecast, the pair might get another impulse for growth.
                            *
                            Support and resistance

                            On the 4-hour and daily charts, OsMA and Stochastic recommend long positions.
                            The nearest resistance level is 0.7290. If this level is broken out, a growth to 0.7325 (EMA144 on the daily chart) will be possible.
                            If the price declines below the level of 0.7210, it might move further down to 0.7100 (lower border of an ascending correctional channel on the daily chart).
                            Support levels: 0.7210, 0.7100, 0.7030, 0.6980, 0.6910.
                            Resistance levels: 0.7290, 0.7325, 0.7400, 0.7450, 0.7510.
                            *
                            Trading tips

                            Short positions can be opened from the level of 0.7220 with targets at 0.7110, 0.7090, 0.7030, 0.6980, 0.6910 and stop-loss at 0.7250.
                            Long positions can be opened from the level of 0.7310 with targets at 0.7325, 0.7410, 0.7450, 0.7490 and stop-loss at 0.7280.


                            Comment


                            • #44
                              USD/JPY: general analysis
                              *
                              Current trendSupport and resistance
                              On the daily chart, the pair is trading near the lower MA of Bollinger Bands. The price remains below the MA50, MA100 and MA144, directed parallel and horizontally. MACD histogram is in the negative zone, its volumes are growing; thus, negative dynamics in the pair is likely to develop.
                              Support levels: 120.12 (lower MA of Bollinger Bands), 118.80, 118.06, 117.20, 116.19.
                              Resistance levels: 121.73, 122.00, 122.50, 123.60, 124.25, 125.27.
                              *
                              Trading tips

                              Comment


                              • #45
                                XAG/USD: pair corrected
                                *
                                Current trend
                                Last week the pair slightly strengthened amid closing of short positions by traders prior to Christmas holidays.
                                In addition, gold and silver prices were supported by growing oil prices that managed to strengthen after the publication of oil reserves data in the US. The data showed that reserves fell by 5.88 million barrels, while experts predicted a 1.5 million barrels growth.
                                At the same time, the market attention shifts to fresh macroeconomic statistics that are coming out in the US and which could help to determine future changes in monetary policy.
                                *
                                Support and resistance
                                Bollinger Bands on the daily chart is moving horizontally while the price range remains unchanged. MACD is growing and giving a weak buy signal. Stochastic is in the overbought zone and trying to turn down.
                                The indicators recommend waiting for clearer trading signals.
                                Support levels: 14.30 (local low), 14.20, 14.00, 13.90, 13.82, 13.63 (14 December low).
                                Resistance levels: 14.48 (local high), 14.63 (7 December high), 14.77, 15.00 (beginning of November high), 15.15, 15.25.
                                *
                                Tradingtips

                                Comment

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