Tifia Daily Market Analytics

[TifiaFX]

EUR/USD: the dollar is likely to continue to strengthen
03/11/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

The euro fell sharply last week, and the EUR / USD pair fell 1% (or 114 points) to 1.1191. On Thursday, the multi-month low was recorded at 1.1177.
The ECB will have to forget about the early start of the interest rate increase cycle. A further weakening of the euro and a decline in the EUR / USD pair are likely.
After the breakdown of the local support level of 1.1225, EUR / USD will move to the targets at the support levels of 1.1185, 1.1120, 1.1000.
The long-term bearish trend, which began in May 2014 near the 1.3870 mark, remains.
Short positions are preferred.
Support Levels: 1.1225, 1.1185, 1.1120, 1.1000
Resistance Levels: 1.1260, 1.1285, 1.1300, 1.1340, 1.1450, 1.1500

Trading recommendations
Sell Stop 1.1215. Stop Loss 1.1275. Take-Profit 1.1185, 1.1120, 1.1000
Buy Stop 1.1275. Stop Loss 1.1215. Take-Profit 1.1285, 1.1300, 1.1340, 1.1450, 1.1500




*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

03/07/2019
Current Dynamics
As the EU Statistical Agency reported on Thursday, Eurozone GDP in the 4th quarter of 2018 grew by 0.9% (year on year) after increasing by 0.6% in the 3rd quarter. Eurozone GDP in the 4th quarter of 2018 grew by only 1.1% compared with the same period of the previous year, which was the lowest annual growth rate since 2013. At the same time, the US economy in the 4th quarter of 2018 increased by 3.1%.
On Thursday, the attention of market participants will be focused on the meeting and press conference of the ECB, which will begin at 13:30 (GMT). As expected, the monetary policy of the bank will remain unchanged. Investors are interested in signals about the possible actions of the ECB in the event of a steady slowdown in the growth of the Eurozone economy. On Wednesday, the Organization for Economic Cooperation and Development lowered its forecast for economic growth in the Eurozone for 2019 to 1%, while it had previously expected a growth of 1.8%.
If the ECB signals a new round of targeted long-term refinancing operations (TLTRO) or a management propensity to ease monetary policy, the euro could decline significantly.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics
On Thursday, the EUR / USD pair remains under pressure, bargaining near the local support level of 1.1300. In the event of a breakdown of this level, EUR / USD will move to targets at support levels of 1.1270 (December lows), 1.1215 (November and year lows), 1.1200, 1.1120, 1.1000.
Long positions can be returned only if EUR / USD is fixed above the resistance level of 1.1360 (ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart). The targets are at resistance levels of 1.1455 (EMA144 on the daily chart), 1.1505 (EMA200 on the daily chart).
The long-term bearish trend, which began in May 2014 near the 1.3870 mark, remains.
Short positions are preferred.
Support Levels: 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Resistance Levels: 1.1342, 1.1360, 1.1455, 1.1505

Trading recommendations
Sell in the market. Stop-Loss 1.1340. Take-Profit 1.1285, 1.1215, 1.1120, 1.1000
Buy Stop 1.1340. Stop Loss 1.1280. Take-Profit 1.1400, 1.1455, 1.1500



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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EUR/USD: Eurodollar remains under pressure
06/03/2019
Despite the positive macro statistics received on Tuesday from Europe, the Eurodollar could not strengthen. Moreover, on Tuesday, the EUR / USD pair fell, losing about 30 points, to the level of 1.1308. Reducing the pair is contributed by the general strengthening of the dollar, and expectations of restrained statements at tomorrow's meeting of the ECB regarding the prospects for monetary policy. As expected, the ECB will maintain its current monetary policy and reduce expectations for growth of the European economy and inflation in the Eurozone. Many market participants expect the rate to be raised by the ECB not earlier than mid-2020.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

On Wednesday, the EUR / USD remains under pressure, bargaining near the local support level of 1.1300.
In the event of a breakdown of this support level, EUR / USD will move to targets at support levels of 1.1270 (December lows), 1.1215 (November and year lows), 1.1200, 1.1120, 1.1000.
Purchases with targets at resistance levels 1.1455 (ЕМА144 on the daily chart), 1.1505 (ЕМА200 on the daily chart) are possible only after the breakdown of the resistance level 1.1360 (ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart). The long-term bearish trend, which began in May 2014 near the 1.3870 mark, remains.
Short positions are preferred.
Support Levels: 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Resistance Levels: 1.1342, 1.1360, 1.1455, 1.1505

Trading recommendations
Sell in the market. Stop-Loss 1.1345. Take-Profit 1.1285, 1.1215, 1.1120, 1.1000
Buy Stop 1.1350. Stop Loss 1.1280. Take-Profit 1.1400, 1.1455, 1.1500



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

USD/CHF: Current dynamics on 03/05/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Meanwhile, the USD / CHF resumed an upward trend, bargaining in the upward channel on the daily chart, the upper limit of which passes above the level of 1.0160 (March 2017 highs). Positive dynamics is maintained. Long positions are preferred. In the case of the breakdown of important short-term support levels of 0.9998 (ЕМА200 on the 1-hour chart), 0.9985 (ЕМА200 on the 4-hour chart) a signal appears to open short positions with targets at the support levels of 0.9900 (ЕМА200 on the daily chart), 0.9770 (ЕМА200 on the weekly chart), 0.9745 (Fibonacci level 50%), 0.9720 (January lows).
Support Levels: 0.9998, 0.9985, 0.9970, 0.9925, 0.9900, 0.9875, 0.9800, 0.9770, 0.9745, 0.9720, 0.9650, 0.9615, 0.9545
Resistance Levels: 1.0040, 1.0090, 1.0130, 1.0160

Trading recommendations
Sell Stop 0.9980. Stop Loss 1.0025. Take-Profit 0.9970, 0.9925, 0.9900, 0.9875, 0.9800, 0.9770, 0.9745
Buy Stop 1.0025. Stop Loss 0.9980. Take-Profit 1.0040, 1.0090, 1.0130, 1.0160




*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

AUD/USD: on the eve of the RBA meeting
03/04/2019
Investor sentiment has recently improved by easing tensions in trade relations between the United States and China. Waiting for the early conclusion of a new trade agreement between the United States and China, commodity currencies, primarily the Australian dollar, rose at the beginning of today's trading day. The AUD / USD opened trading near the level of 0.7105, which is about 30 points higher than the closing price on Friday.
However, in the first half of the trading day, the AUD / USD decline resumed after the publication of weak macro data received in the morning from Australia.
At the beginning of the US trading session, the AUD / USD pair will trade near the 0.7085 mark.
On Tuesday, the RB of Australia makes a decision on the interest rate. The publication of the decision on rates is scheduled for 03:30 (GMT). In February, the RBA did not change interest rates, expressing a cautious propensity to increase them, given the increasing internal and external risks.
Probably, at tomorrow's meeting, the RBA will also signal an intention to continue to maintain the current monetary policy unchanged.
Interest rates may remain unchanged even longer, given the weak wage growth and slowdown in the Australian economy. "The Board does not see a weighty argument in favor of adjusting the key interest rate in the short term", said one of the latest statements of the RBA.
Economists also warn that due to the weak housing market and the continued weakening of housing prices in large cities, the RBA will not change rates until 2020.
In view of this, and also against the background of the strengthening US dollar, the AUD / USD will continue to decline.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Downward trend resumed. AUD / USD continues to trade in a bearish trend and downward channel on the weekly chart, the lower limit of which passes near the level of 0.6600.
Below the key resistance level of 0.7260 (ЕМА200 on the daily chart), short positions with targets at the support levels of 0.6910 (lows of September 2015), 0.6830 (2016 lows) are preferable.
Consideration of long positions can be returned only after the breakdown of the local resistance level of 0.7140 (ЕМА50 on the daily chart, ЕМА200 on the 4-hour chart). Growth above the resistance level of 0.7260 is unlikely.
Support Levels: 0.7055, 0.7025
Resistance Levels: 0.7125, 0.7140, 0.7180, 0.7210, 0.7260

Trading Scenarios
Sell Stop 0.7070. Stop Loss 0.7110. Take-Profit 0.7055, 0.7025, 0.6910, 0.6830
Buy Stop 0.7110. Stop Loss 0.7070. Take-Profit 0.7125, 0.7140, 0.7180, 0.7210, 0.7260



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

USD/CAD: Current Dynamics
03/01/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

USD / CAD is dropping on Friday. However, USD / CAD found support at a key level of 1.3135 (ЕМА200 on the daily chart).
Strong support levels of 1.3235 (ЕМА200 on the 4-hour chart), 1.3182 (ЕМА200 on the 1-hour chart, ЕМА144 on the daily chart) are broken. Breakdown of support level 1.3135 will accelerate further decline. In this case, the USD / CAD will go to support levels 1.3090, 1.3020 (the bottom line of the downward channel on the daily chart).
A return to the zone above the resistance level of 1.3235 will cause a resumption of the upward trend and the growth of USD / CAD with the closest targets at the local resistance levels of 1.3340, 1.3370.
Support Levels: 1.3135, 1.3100, 1.3090, 1.3020
Resistance Levels: 1.3182, 1.3235, 1.3340, 1.3370, 1.3450, 1.3600, 1.3665, 1.3790

Trading Scenarios
Sell Stop 1.3110. Stop Loss 1.3190. Take-Profit 1.3090, 1.3020
Buy Stop 1.3190. Stop Loss 1.3110. Take-Profit 1.3235, 1.3340, 1.3370, 1.3450, 1.3600, 1.3665, 1.3790



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

XAU/USD: Current trend
02/28/2019
The dollar index stopped falling after the publication of stronger than expected US GDP data. According to the data released on Thursday by the US Department of Commerce, gross domestic product, a broad indicator of goods and services produced in the United States, rose by 2.6% per annum in the 4th quarter (the forecast was + 2.2%). GDP growth by 2.6% was lower than economic growth by 3.4% in the 3rd quarter and 4.2% in the 2nd quarter. The pace of economic activity slowed down as consumers limited their spending and the housing market held back economic growth.
This report by the Ministry of Commerce states that the decrease in services provided by the federal government due to the partial shutdown, that started on December 22 made a negative contribution to GDP growth of 0.1 percentage point in the 4th quarter.
Consumer spending, which is more than two-thirds of US GDP, rose by 2.8% per annum in the 4th quarter after rising by 3.5% in the 3rd quarter. Americans' spending on services and consumer goods and short-term use has become more moderate.
Nevertheless, the dollar reacted positively to the information provided. In the first half of the trading day on Thursday, the dollar was falling, and DXY dollar index futures, reflecting the value of the dollar against a basket of 6 major world currencies, were traded before the publication of US GDP data near the 95.75 mark, 25 points lower than the opening price of today's trading day. However, the DXY dollar index rose sharply after the publication of GDP data and moved to positive territory, above the 96.00 mark.
In the first half of the trading day, investors increased the demand for defensive assets such as the yen, franc, and gold. However, the publication of positive information on US GDP strengthened the demand for the dollar and caused the sale of gold.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

At the same time, the XAU / USD pair maintains a positive trend, trading in the ascending channel on the daily chart, the upper limit of which passes near the mark of 1357.00 (2017 highs).
In case of breakdown of a strong resistance level of 1326.00 (ЕМА200 on the 1-hour chart) the immediate goal of XAU / USD growth will be a local resistance level of 1346.00 (February and 2019 highs).
In the case of renewed decline and breakdown of the support level of 1310.00 (ЕМА200 on the 4-hour chart) XAU / USD may decline to the key support level of 1266.00 (ЕМА200 on the weekly and daily charts) and further with the goals of decline at support levels of 1197.00 (November lows) , 1185.00 (Fibonacci level 23.6% of the correction to the wave of decline since July 2016), 1160.00 (minimums of 2018).
Support Levels: 1316.00, 1310.00, 1303.00, 1297.00, 1277.00, 1266.00, 1248.00
Resistance Levels: 1326.00, 1346.00, 1357.00, 1365.00, 1370.00, 1375.00

Trading recommendations
Sell Stop 1314.00. Stop Loss 1331.00. Take-Profit 1310.00, 1303.00, 1297.00, 1277.00, 1266.00, 1248.00, 1234.00, 1220.00, 1197.00, 1185.00, 1160.00
Buy Stop 1331.00. Stop Loss 1314.00. Take-Profit 1346.00, 1357.00, 1365.00, 1370.00, 1375.00



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

EUR/USD: dollar is under pressure
26/02/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Meanwhile, the EUR / USD pair is trying to continue to grow above the short-term support level of 1.1338 (ЕМА200 on the 1-hour chart). However, this is hampered by the strong resistance level of 1.1365 (EMA200 on the 4-hour chart, EMA50 on the daily chart).
In case of its breakthrough, EUR / USD will move to resistance levels of 1.1465 (EMA144 on the daily chart), 1.1515 (EMA200 on the daily chart).
The decline scenario will be associated with the breakdown of the support level of 1.1338 and a decline to the support levels of 1.1270 (December lows), 1.1215 (November and year lows), 1.1200.
Support Levels: 1.1338, 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Resistance Levels: 1.1365, 1.1465, 1.1515

Trading scenarios
Sell Stop 1.1330. Stop-Loss 1.1380. Take-Profit 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Buy Stop 1.1380. Stop-Loss 1.1330. Take-Profit 1.1465, 1.1515



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

NZD/USD: investors' optimism returned to the markets
02/25/2019
Progress in trade negotiations between the United States and China contributed to the growth of world stock indices and the weakening of the US dollar.
US President Donald Trump tweeted last Sunday that he intends to postpone the increase in fees scheduled for March 1, explaining that to significant progress towards a trade agreement.
The new trade agreement between the two countries will end the trade war and revive investor optimism, pushing global stock markets to accelerate recovery after falling in the 4th quarter.
China's leading stock indexes ended the trading session on Monday at new heights, thanks to optimism about the US-China trade negotiations.
Leading stock indicators of the country on Monday rose by about 5.5%. For the Chinese stock exchanges, this was the best trading day since 2015.
At the same time, the US dollar resumed its decline on Monday, including against the yuan and major commodity currencies, such as Canadian, Australian, New Zealand dollars.
The pair NZD / USD was trading at the beginning of the European session near the level of 0.6890, which is 0.5% higher than the closing price of the previous week (at the level of 0.6842).
The data, which indicated the growth of retail sales in New Zealand in the 4th quarter compared to the 3rd quarter (by 1.7% while the growth forecast was +0.5% and +0.3% in the previous quarter), also contributed the growth of the New Zealand dollar. This positive information was published at the beginning of the trading day on Monday.
On Tuesday and Wednesday, Fed Chairman Jerome Powell will give a speech in the US Congress. If he shows a tendency toward a softer monetary policy, the US dollar will continue to decline, including against the NZD.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Meanwhile, NZD / USD is developing a positive trend above key support levels of 0.6860 (Fibonacci level 23.6% of the upward correction to the global wave of the pair's decline from the level of 0.8800, started in July 2014; wave minima are near the level of 0.6260), 0.6815 (ЕМА200 on daily chart). Growth targets are resistance levels of 0.6970 (December highs and EMA144 on the weekly chart), 0.7070 (EMA200 on the weekly chart).
So far, positive dynamics prevail. Above the support level of 0.6815 long positions are preferable.
Support Levels: 0.6860, 0.6815, 0.6785, 0.6745, 0.6710, 0.6655, 0.6515, 0.6430
Resistance Levels: 0.6900, 0.6970, 0.7070

Trading recommendations
Sell Stop 0.6850. Stop-Loss 0.6910. Take-Profit 0.6815, 0.6785, 0.6745, 0.6710, 0.6655, 0.6515, 0.6430
Buy Stop 0.6910. Stop Loss 0.6850. Take-Profit 0.6970, 0.7070


*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

WTI: long positions are preferred
02/22/2019
Despite another increase in oil reserves in the US storages, oil prices continue to grow. According to the Energy Information Administration (EIA), the US Department of Energy, oil reserves in storage last week rose by 3.672 million barrels (the forecast was +3.080 million barrels). At the same time, oil production in the United States grew by 100,000 barrels to a record 12 million barrels per day. Thus, oil reserves in the United States rose to 455 million barrels, the highest level since November 17, 2017.
The growth of oil prices contributes to a number of fundamental factors. Among them - the recovery of stock markets, investor optimism regarding the positive outcome of trade negotiations between the US and China, expectations of a further reduction in production at OPEC, increased risks of disruptions in oil supplies from Venezuela.
On Friday, oil market participants will be waiting for the publication (at 18:00 GMT) of a weekly report from the American oilfield service company Baker Hughes on the number of active oil drilling rigs in the United States. Their number increased in the previous week and currently stands at 857 units, although this is below the maximum of 887 units reached at the end of 2018.
At the moment, oil prices are recovering after falling in the 4th quarter of 2018 (oil prices in the end of December hit bottom near the mark of 42.00 dollars per barrel of WTI crude oil). Rising oil prices create an incentive for American oil companies to increase production, which, in turn, is a deterrent to rising oil prices. The increase in the number of drilling rigs is a negative factor for oil prices and creates prerequisites for the subsequent decline in oil prices.
However, in the current situation, positive fundamental factors outweigh the negative ones, which creates prerequisites for a further increase in oil prices.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

To date, the price has reached the zone of important levels: resistance level 57.80 (EMA144 on the daily chart, Fibonacci 38.2% of the correction to the growth wave, which began in February 2016 with the support level near the level of 27.30), 59.00 (EMA200 on the daily chart) and support level 56.50 (EMA200 on the weekly chart).
The indicators OsMA and Stochastic on the weekly and daily charts recommend long positions.
Immediate growth targets are resistance levels 57.80, 59.00.
In the case of a breakdown of the short-term support level of 55.50 (ЕМА200 on the 1-hour chart), the price will again go into the downward channel on the daily chart.
This will return WTI oil prices to a bearish trend that began in October, with a target at the 42.20 support level (2017 and 2018 lows).
In the current situation, long positions are preferred.
Support levels: 56.50, 55.50, 53.80, 52.00, 50.25, 49.00, 46.00, 42.20
Resistance Levels: 57.80, 59.00, 60.00

Trading recommendations
Sell Stop 55.40. Stop Loss 57.10. Take-Profit 53.80, 52.00, 50.25, 49.00, 46.00, 42.20
Buy Stop 57.10. Stop Loss 55.40. Take-Profit 57.80, 59.00, 60.00



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

EUR/USD: breakdown of the range is expected
02/21/2019
Euro sluggishly reacted to the publication at the beginning of the European session on Thursday of the purchasing managers' indices (PMI) for the manufacturing sector in Germany (according to IHS Markit) and the services sector. In February, the PMI for the manufacturing sector fell to 47.6 (the forecast was 49.7), which was the lowest level in more than six years.
The composite PMI index of the Eurozone in February came out with a value of 51.4 (the forecast was 51.1 and 51.0 in January).
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

The EUR / USD pair for the second day continues to trade in the range between the levels of 1.1325 (ЕМА200 on the 1-hour chart) and 1.1365 (ЕМА200 on the 4-hour chart).
A breakthrough in one direction or another will determine the further dynamics of EUR / USD.
The growth targets in case of continuation of the upward correction will be the resistance levels of 1.1471 (ЕМА144 and the upper limit of the downward channel on the daily chart), 1.1522 (ЕМА200 on the daily chart). Below these levels, there is a long-term bearish trend that began in May 2014 near the 1.3870 mark.
In case of breakdown of the support level of 1.1325, the targets for the decline will be the support levels of 1.1270 (December lows), 1.1215 (November and year lows), 1.1200, 1.1000 (the lower line of the downward channel on the weekly chart).
Short positions are preferred.
Support Levels: 1.1325, 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Resistance Levels: 1.1365, 1.1471, 1.1522

Trading recommendations
Sell Stop 1.1310. Stop-Loss 1.1380. Take-Profit 1.1285, 1.1215, 1.1120, 1.1000
Buy Stop 1.1380. Stop-Loss 1.1310. Take-Profit 1.1471, 1.1522



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

AUD/USD: on the eve of the publication of the minutes from the January Fed meeting
20/02/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Meanwhile, AUD / USD is trading on Wednesday at the 0.7150 balance line (ЕМА50 on the daily chart, ЕМА200 on the 4-hour chart), which is also in the middle of the range between the levels of 0.7055 (February lows) and 0.7225 (ЕМА144 on the daily chart).
In case of breakdown of the local resistance level of 0.7180, AUD / USD will go to the upper part of the specified range and to resistance levels of 0.7225, 0.7275 (ЕМА200 on the daily chart). Growth above the resistance level of 0.7275 is unlikely.
The breakdown of the short-term support level of 0.7130 (ЕМА200 on the 1-hour chart) will be a signal to resume sales with targets at the support levels of 0.6910 (lows of September 2015), 0.6830 (2016 lows).
Support Levels: 0.7150, 0.7130, 0.7100, 0.7085, 0.7055, 0.7025
Resistance Levels: 0.7225, 0.7275

Trading recommendations
Sell Stop 0.7120. Stop Loss 0.7180. Take-Profit 0.7100, 0.7085, 0.7025, 0.6910, 0.6830
Buy Stop 0.7180. Stop Loss 0.7120. Take-Profit 0.7225, 0.7245, 0.7275



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

GBP/USD: Brexit theme is in the foreground
02/19/2019
Current dynamics*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

For now, the GBP / USD remains within the narrow range between the support level of 1.2900 (ЕМА200 on the 1-hour chart, ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart) and the resistance level of 1.2960 (ЕМА144 on the daily chart).
So far, more likely resumption of decline. In the event of a breakdown of the support level of 1.2700, the targets for the decline will be the support levels of 1.2600 (lows of June 2017), 1.2485, 1.2365.
Support Levels: 1.2900, 1.2800, 1.2785, 1.2700, 1.2670, 1.2600, 1.2485, 1.2365, 1.2110, 1.2000
Resistance Levels: 1.2960, 1.3020, 1.3065, 1.3125, 1.3210

Trading scenarios
Sell Stop 1.2890. Stop Loss 1.2970. Take-Profit 1.2800, 1.2785, 1.2700, 1.2670, 1.2600, 1.2485, 1.2365
Buy Stop 1.2970. Stop Loss 1.2890. Take-Profit 1.3020, 1.3065, 1.3125, 1.3210



*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

EUR/USD: Support and resistance levels
18/02/2019*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Support Levels: 1.1300, 1.1285, 1.1215, 1.1120, 1.1000
Resistance Levels: 1.1320, 1.1375, 1.1480, 1.1530

Trading recommendations
Sell Stop 1.1290. Stop Loss 1.1335. Take-Profit 1.1215, 1.1120, 1.1000
Buy Stop 1.1335. Stop Loss 1.1280. Take-Profit 1.1375, 1.1480, 1.1530
*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

[TifiaFX]

WTI: Market expectations
15/02/2019
On Friday, WTI oil prices are in a narrow range near $54.50 a barrel, and oil market participants are waiting for the publication (at 18:00 GMT) of a weekly report from the American oilfield service company Baker Hughes on the number of active oil drilling rigs in the US. Their number increased in the previous week and currently stands at 854 units, although this is below the maximum of 887 units reached at the end of 2018.
At the moment, oil prices are recovering after falling in the 4th quarter of 2018 (oil prices in the end of December hit bottom near the mark of 42.00 dollars per barrel of WTI crude oil). Rising oil prices create an incentive for American oil companies to increase production, which, in turn, is a deterrent to rising oil prices. The increase in the number of drilling rigs is a negative factor for oil prices and will create prerequisites for the subsequent decline in oil prices.
At the present moment, a number of positive fundamental factors prevail over negative ones. Possible further rise in oil prices.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

Last Tuesday, the price of WTI crude oil broke through an important resistance zone at 52.75 (ЕМА200 on 4-hour chart), 53.10 (ЕМА200 on 1-hour chart, ЕМА50 on the daily chart) and maintains a positive trend, trading on Friday at resistance level of 54.50 (December highs).
In case of breakdown of the local resistance level of 55.50, the price growth will continue with targets at the resistance levels of 56.50 (ЕМА200 on the weekly chart), 57.80 (ЕМА144 on the daily chart and the Fibonacci 38.2% level of the correction to the growth wave that started in February 2016 from the support level, passing near the mark of 27.30), 59.00 (EMA200 on the daily chart).
The alternative scenario will be associated with the breakdown of the support level of 52.00 (Fibonacci level of 50%) and the resumption of decline in the downstream channels on the daily and weekly charts, the lower limit of which passes near the mark of 27.30.
So far, positive dynamics prevail. Long positions are preferred.
Support Levels: 53.55, 53.10, 52.75, 52.00, 51.60, 50.25, 50.00, 49.00, 46.00, 42.20
Resistance Levels: 55.50, 56.50, 57.00, 57.80, 59.00, 60.00

Trading Scenarios
Sell Stop 52.90. Stop Loss 55.10. Take-Profit 52.75, 52.00, 51.60, 50.25, 50.00, 49.00, 46.00, 42.20
Buy Stop 55.10. Stop Loss 52.90. Take-Profit 55.50, 56.50, 57.00, 57.80, 59.00, 60.00




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