Daily Technical & Fundamental Analysis

Daily Analysis | EURJPY | 24 of February
24 February, 2017 12:00

Daily Analysis | EURJPY | 24 of February

The EUR/JPY has been in downtrend since end of January and the drop is validated by bearish ABCD pattern . At this point we can see a confluence within 119.45-65 zone (inner trend line, ATR high, 38.2) and the pair might reject from the zone targeting 118.60 and 118.20.

Fundamental Analysis | EURUSD / GBPUSD | 24 of February
24 February, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 24 of February

At yesterday's trading the counter-dollar currencies moved to their upper borders of its range due to voltage drop in anticipation of the tax reforms in the United States. The new Minister of Finance Steven Mnuchin announced the beginning of complete package preparation by the middle of August, now only health care reform is ready.

Daily Analysis | USDJPY | 23 of February
23 February, 2017 12:00

Daily Analysis | USDJPY | 23 of February

As we could see on Live Trading Session yesterday both EUR/USD and USD/JPY went in profits. The USD/JPY long from 113.36 tested 113.65 providing approximately 30 pips before FOMC tanked the price.The chart shows previous Master Candles and their respective breakouts. At this point we can see that a Master Candle (MC) has been formed on H1 timeframe.

Daily Analysis from EW-Forecast | AUDUSD / EURUSD | 23 of February
23 February, 2017 11:00

Daily Analysis from EW-Forecast | AUDUSD / EURUSD | 23 of February

The key in Elliott Wave Trading is to focus on tradable/simple patterns that we spot in matters of seconds. So today, I opened an hourly chart of Aussie and immediately spotted a wedge with overlapping price move at the top of a larger move. Normally, that's an ending diagonal which is a reversal pattern.

Fundamental Analysis | EURUSD / GBPUSD | 23 of February
23 February, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 23 of February

Yesterday's publication of the FOMC Meeting Minutes disappointed investors, the players did not see a clear hint to the threefold raise of rates. Moreover, it is possible only one raise, because of the word "uncertainty," which was found too many times in the document.

Fundamental Analysis | EURUSD / GBPUSD | 22 of February
22 February, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 22 of February

Yesterday, players have believed in possible bold statements Fed FOMC minutes, which will be published today and continued to buy the dollar despite the good news from the eurozone. US data on business activity did not meet expectations, it has allowed the pound, gold and commodity currencies to rise up.

Daily Analysis | AUDNZD | 21 of February
21 February, 2017 12:00

Daily Analysis | AUDNZD | 21 of February

After a strong reading of PMI data across the major European economies, the EURUSD continued its bearish move ahead of this week's FOMC minutes due to be released. The tone of the most recent media relating to FOMC suggests hikes sooner rather than later, so watch for a bullish move on the USD under the Trump administration.

Daily Analysis from EW-Forecast | GBPJPY | 21 of February
21 February, 2017 11:00

Daily Analysis from EW-Forecast | GBPJPY | 21 of February

GBPJPY Trading in A Consolidation
GBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery.

Fundamental Analysis | EURUSD / GBPUSD | 17 of February
17 February, 2017 11:55

Fundamental Analysis | EURUSD / GBPUSD | 17 of February

This week was very busy in terms of political, economic, and environmental factors, but before the weekend the situation began to stabilize. The threat of flooding settlements in California, under the Oroville dam declined. Despite the fact that the evacuated citizens are returning to homes, the authorities remain the high alert for a new evacuation mode.

Daily Analysis | USDCAD | 16 of February
16 February, 2017 16:15

Daily Analysis | USDCAD | 16 of February

The USD/CAD formed a bullish SHS pattern (inverted head and shoulders) but it failed to provide a continuation to the upside. The pair is in downtrend and we might see an upside retracement towards POC 1.3080-95 (EMA89, H3, ATR top,38.2,order block). Rejection in the zone should target 1.3050 and 1.3020.

Fundamental Analysis | EURUSD / GBPUSD | 15 of February
15 February, 2017 12:41

Fundamental Analysis | EURUSD / GBPUSD | 15 of February

Yesterday's data from the UK and the Eurozone were terrible. Against this background, the US dollar has continued its strengthen, and the counter-dollar currencies did not show the expected correction. UK Core CPI remained unchanged, the rising by 1.6% in January.

Daily Analysis | USDCNH | 14 of February
14 February, 2017 14:00

Daily Analysis | USDCNH | 14 of February

Despite the strong Chinese CPI (Change in the price of goods and services purchased by consumers), the USD/CNH has formed a strong zig zag pattern for possible uptrend continuation. US PPI (Change in the price of finished goods and services sold by producers) showed better than expected result and technically we might see a POC rejection.