Daily Technical & Fundamental Analysis

Australian dollar stable after sliding earlier today
18 January, 2018 16:47

Australian dollar stable after sliding earlier today

On Thursday, January 18, the Australian dollar to US counterpart has stabilized after the decline in the first half of the day. The current AUD-USD price stands at 0.7991. The morning data turned to be mixed in Australi. The country posted higher unemployment rate in December reaching 5.5% (5.4% earlier), with no changes being anticipated.

Digital currency slump brings uncertainties - trade opportunity or bitcoin end
18 January, 2018 15:55

Digital currency slump brings uncertainties - trade opportunity or bitcoin end

Bitcoin and other cryptocurrencies have plunged over the past two days, with total market value losing almost $300 billion. Investors which paid a top-end price at $20,000 suffered the most from a nosedive below $10,000 on Wednesday. Moreover, such situation is also very painful to those, who borrowed money to buy bitcoin unwilling to...

Bears recharge for new break in EUR-USD
18 January, 2018 11:13

Bears recharge for new break in EUR-USD

The 4H chart shows that the downward adjustments continued yesterday, with the first forecast target of 1.2200 achieved during the European session. In the first half of the American session, bullish sentiments surged, but bulls remained not strong enough to break out resistance at 1.22825-1.2295, while at the end of the session active EUR sales were resumed and thus the rate has settled below 1.2200.

GBP-USD consolidates after bullish mood upsurge
18 January, 2018 10:42

GBP-USD consolidates after bullish mood upsurge

The 4H chart shows that the yesterday's breakout of strong resistance at 1.3810 summoned short-lived bullish sentiments. As a result, the forecast targets of  1.3875, 1.3900 and 1.3930  have been reached, with strong resistance to GPB seeing at 1.3850. After that, the rates started consolidating. The sterling-to-US dollar exchange rate stays well above 34-, 55-, 89- and 144-period moving averages...

Crypto market in turmoil
17 January, 2018 16:43

Crypto market in turmoil

Storm clouds are gathering over the cryptocurrency market. The sector paid more than $300 billion for the past session. Specifically, the market lost 50% of its own value. The plunge was traditionally driven by bitcoin. It wasn't like bitcoin was the reason for the changes but being the leader in this industry it was just the first to face pressure taking into account...

Euro steps back on January 17
17 January, 2018 15:02

Euro steps back on January 17

The euro-to-US dollar keeps sliding on Wednesday. The current price is some 1.2223. The daily euro-area statistics showed that inflation rate in the region rose 1.4% y-o-y in December. The results came in line with the forecast but lower m-o-m.  Core consumer price index remained at 0.9% y-o-y over the period under review. As a result, inflation eventually slowed down in

Daily Analysis | WTI is Topping Out | 17 of January
17 January, 2018 12:53

Daily Analysis | WTI is Topping Out | 17 of January

The WTI is still bullish, but we could see a possible correction taking place. The WTI topped out at 64.67 W H1 and the break of an X-Cross ™ (a trendline and camarilla pivot cross) at 63.40 could target 62.82 and 61.51 and 60.74 as a part of a more substantial correction.

Australian dollar rollbacks after hitting fresh high on January 17
17 January, 2018 11:51

Australian dollar rollbacks after hitting fresh high on January 17

The Australian dollar is weakening vs the US dollar in the first half of Wednesday. The current AUD-USD price stands at 0.7944. According to the current statistics, Westpac's customer confidence index in Australia increased just 1.8% in January, against 3.6% recorded in December. The indicator is of forward-looking nature and usually reflects people's state of readiness to ...

Bearish moves can strengthen in GBP-USD
17 January, 2018 10:50

Bearish moves can strengthen in GBP-USD

The 4H chart shows that bulls have not been strong enough to break strong resistance at 1.3810 once again. As a result, tags have resumed downward movement. The sterling-to-US dollar exchange stays well above 34-, 55-, 89- and 144-period moving averages that are rising and indicate stable bullish mood (in the mid-term) as well as are the line of the support at 1.3655, 1.3615, 1.3565 and 1.34925.

Decline expected to gather pace in EUR-USD
17 January, 2018 10:25

Decline expected to gather pace in EUR-USD

The 4H chart shows that EUR faces strong resistance at 1.2295. Bears are trying to turn the tables. The euro-to-US dollar exchange rate is still well above 34-, 55-, 89- and 144-period moving averages that are rising and indicate stable bullish mood (in the mid-term) as well as are the line of the support at 1.2110, 1.2075, 1.20325 and 1.19475.

Daily Analysis | EUR/USD | 16 of January
16 January, 2018 17:09

Daily Analysis | EUR/USD | 16 of January

As I explained yesterday during my Live Trading Session Recap webinar, the EURUSD was due for a retracement. And it happened exactly as planned. The pair dropped to the POC zone and we could see some profit taking now. At this point 1.2210-2220 is the zone which could spike the price up but the break below 1.2190 could target 1.2155 POC2 zone.

Australian dollar reaches September level on January 16
16 January, 2018 13:52

Australian dollar reaches September level on January 16

The Australian dollar has kept rising vs US counterpart on Tuesday. The current price AUD-USD stands at 0.7965.  The Australian dollar gained almost 0.7% to US dollar over last week. This upturn is mostly related to weak USD position and general anti-dollar sentiments on the platform. Besides, extra influence naturally came from Beijing's statements about...