Daily Technical & Fundamental Analysis

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

Fundamental Analysis | EURUSD / GBPUSD | 24 of May

At yesterday's trading, the major currency pairs were trading in narrow ranges. The tragedy in Manchester and serious warning of W. Schauble to the British, that they "will soon learn what a mistake Brexit was", were quickly offset by the markets. Moody's rating agency has lowered the credit rating of China from Aa3 to A1.

Daily Analysis from EW-Forecast | S&p500 | 23 of May
23 May, 2017 15:00

Daily Analysis from EW-Forecast | S&p500 | 23 of May

S&P500 can be trading in late stages of a wave c), final wave that is part of a three-wave correction. As we can see current wave c is displaying qualities of an ending diagonal, which means a sharp and sudden drop lower could be in for the stock. Break of 2379 can cause and confirm a sell-off.

Daily Analysis | USDJPY | 23 of May
23 May, 2017 14:00

Daily Analysis | USDJPY | 23 of May

The USD/JPY has formed a bullish Wolfe Wave structure on H4 time frame. In the last Wolfe Wave blog, I described various trading opportunities using new approach in Wolfe Wave charting. At this point the price is retreating towards Wolfe Wave point 5 zone - 110.10-110.30.

Daily Analysis | EURUSD | 22 of May
22 May, 2017 14:24

Daily Analysis | EURUSD | 22 of May

The EUR/USD broke above 1.1200 level on Friday and it is normal that we are seeing the retracement at this point. Remember, always mark yesterday's high & low. Those were the definitive points where buyers or sellers came in the day before. Usually we see a retest of those points.

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

Fundamental Analysis | EURUSD / GBPUSD | 22 of May

Our forecast about the beginning of the euro's reversal did not justify. Thanks to moderately positive data on Europe, the euro was bought again vs the geopolitical situation and pressure of the money market. Market expectations for the June rate hike have rose from 60% to 70%.

Daily Analysis from EW-Forecast | EURJPY | 18 of May
18 May, 2017 11:00

Daily Analysis from EW-Forecast | EURJPY | 18 of May

JPY is on the rise today, as stocks turns up and 10 year US notes trades higher. We see USDJPY making a deep pullback which also has an impact on other JPY crosses, even EURJPY despite very strong euro in the last few days. We see quite aggressive decline from 125.80 that has an impulsive shape so it's wave A) of a three wave decline that may resume towards wave 4) level or even lower.

Fundamental Analysis | EURUSD / GBPUSD | 18 of May
18 May, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 18 of May

The recent news that Donald Trump allegedly gave some secret information to Sergei Lavrov has  influenced the markets. Many believed that this news is "empty" and will not affect the financial markets. Further more. Former FBI director James Komi said that the President Donald Trump asked to stop the investigation into the case of Michael Flynn, the president's security adviser.

Fundamental Analysis | EURUSD / GBPUSD | 17 of May
17 May, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 17 of May

Speculative movements on the euro turned into a real rally, against the backdrop of strong data from the Eurozone. ZEW Economic Sentiment in Germany increased from 19.5 to 20.6. A similar indicator in the euro area increased from 26.3 to 35.1. Trade Balance in the euro area amounted to 23.1 billion euros against the expected 18.8 billion euros.

Daily Analysis | AUDNZD | 16 of May
16 May, 2017 14:00

Daily Analysis | AUDNZD | 16 of May

The AUD/NZD has formed a bearish Wolfe Wave after the retail gap that pushed the price up. The pair is still in downtrend on 4h time frame, so it could piggyback momentum from higher time frames to H1 chart. That means a potential bearish trade setup when Point 5 has been formed.

Daily Analysis from EW-Forecast | German DAX | 16 of May
16 May, 2017 12:00

Daily Analysis from EW-Forecast | German DAX | 16 of May

German Dax remains trapped in 180-point range which is a triangle still in wave four. It's a contra-trend move that is pointing to the upside, but after a completion of A-B-C-D-E sub waves. Currently, we expect wave E pullback to around 12750 from where market can rise to 12900, but invalidation level remains at 12660.

Fundamental Analysis | EURUSD / GBPUSD | 16 of May
16 May, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 16 of May

At yesterday's trading, the euro confidently rose on news of the victory of A. Merkel's party in the land of North Rhine-Westphalia (33.7%). The party of M. Schultz took the second place (31.1%). The dollar weakened primarily due to its indicators in the manufacturing sector. Empire State Manufacturing Index fell by 1.0, against the expected growth by 7.2.

Daily Analysis | GBPNZD | 15 of May
15 May, 2017 12:00

Daily Analysis | GBPNZD | 15 of May

The GBP/NZD has almost closed the retail gap with a slow grind towards D L3 that stands in a confluence with the gap. At this point the price is getting close to the POC zone 1.8685-1.8705 (D L3, Retail gap close, 78.6, bullish order blocks, ATR pivot).