Daily Technical & Fundamental Analysis

Daily Analysis | EURUSD | 30 of March
30 March, 2017 12:00

Daily Analysis | EURUSD | 30 of March

After a steady uptrend on EUR/USD, we see that important trend line has been broken and the pair has been dropping consistently for 2 days. One of the reasons why EUR/USD is dropping is possibly profit taking which was enacted by hedge funds as French elections grow closer.

Fundamental Analysis | EURUSD / GBPUSD | 30 of March
30 March, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 30 of March

Yesterday, Prime Minister Theresa May officially started the process of exit from the EU, according to 50th article of the EU Treaty. At this moment the politicians are talking about the level of "hardness" of the process, as well as possible outcomes. The Prime Minister's speech has passed in more or less soft colours, due to the pressure from Berlin.

Daily Analysis from EW-Forecast | USDJPY | 29 of March
29 March, 2017 11:00

Daily Analysis from EW-Forecast | USDJPY | 29 of March

USDJPY is falling sharply for the last few weeks, clearly with impulsive price action down from 115.50, but if we take a look at the whole bearish cycle from December 2016 high, then we need to be aware of a new significant turn. The reason is a three-wave structure, which in Elliott Wave terminology represents a corrective price move.

Fundamental Analysis | EURUSD / GBPUSD | 29 of March
29 March, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 29 of March

So, in the end, investors have started active operations, and began the fundamental buys of the dollar. By the end of yesterday's trading, the euro fell by 51 points, the pound lost 107 points. Today the world expects an official announcement about Brexit's launching, this may become an important psychological factor to falling for investors.

Daily Analysis | USDCAD | 28 of March
28 March, 2017 14:00

Daily Analysis | USDCAD | 28 of March

The USD/CAD has reversed from the bottom, making bullish cup with handle pattern (purple square) with two POC zones that could reject the price towards 1.3420 and 1.3460. POC1 (61.8, EMA89, ATR pivot, handle bottom) could reject the price on the first retracement into the zone, while POC2 1.3325-40 ( D L4, 88.6, trend line, ATR low) is deeper retracement.

Fundamental Analysis | EURUSD / GBPUSD | 28 of March
28 March, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 28 of March

Yesterday's good macroeconomic news in the Eurozone allowed counter-dollar currencies to close the day with a growth. Stock market Russell2000 grew up by 0.20%. S&P500 has fallen by 0.10%, but this morning investors began to repurchase shares with a new force.

Daily Analysis from EW-Forecast | USDCHF / Crude OIL | 27 of March
27 March, 2017 15:00

Daily Analysis from EW-Forecast | USDCHF / Crude OIL | 27 of March

USDCHF fell to a new low, following a completed fourth wave correction that we tracked last week. We see a nice move lower into some of important short-term Fib. levels that can act as a reversal zone for a wave 5. In fact, we see whole five wave structure coming to an end near the lower trendline of an EW channel where usually reversal occurs.

Fundamental Analysis | EURUSD / GBPUSD | 27 of February
27 March, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 27 of February

On Friday it was expected a voting in the House of the US Congress regarding to cancelation of the Obamacare. However, the event did not take place. Donald Trump has canceled his initiative, as the Republicans were initially against. Because, initially, the bill was doomed to failure.

Daily Analysis | GBPUSD | 23 of March
23 March, 2017 10:00

Daily Analysis | GBPUSD | 23 of March

As we could see on previous Session Recap webinar, the GBP/USD perfectly rejected from POC and provided more than 120 possible pips. Another bullish sign that wee see today is Bullish SHS pattern ( Inverted Head and Shoulders) that might provide a continuation to the upside targeting 1.2550.

Daily Analysis from EW-Forecast | S&P500 / GBPUSD | 22 of March
22 March, 2017 15:00

Daily Analysis from EW-Forecast | S&P500 / GBPUSD | 22 of March

E-mini S&P500 is now making a very small bounce which we think it's a corrective blue wave four with final sub-wave c) headed up to 2350 resistance zone from where we think bears can see another leg down, towards 2320/2325. Invalidation level for this count is at 2370 since we know that wave four must not trade into a territory of a wave one.

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

Fundamental Analysis | EURUSD / GBPUSD | 22 of March

Yesterday's statement of the new President of the United States Donald Trump fell off the US stock market by 1.24%. Trump has proposed to еру Congress to close the program of compulsory health insurance Obamacare. At the end of this week the Congress will take a decission on this issue.

Daily Analysis | GBPJPY | 21 of March
21 March, 2017 13:00

Daily Analysis | GBPJPY | 21 of March

The GBP/JPY got a backwind by renewed GBP strength and currently we can see nice intraday rejections off the supporting trend line. Two POC zones that might spur additional buying interest are 139.50-65 (EMA89, H4, 50.0). H4 camarilla is breakout point which we already covered in Price Action Trading School and on subsequent retests we might see another rejection.