Daily Technical & Fundamental Analysis

Daily Analysis | GBP/JPY | 24 of July
24 July, 2017 15:08

Daily Analysis | GBP/JPY | 24 of July

The GBP/JPY has followed my previous analysis exactly as planned and even during summer holidays trading, this still remains one of the best pair to trade due to its high ATR(14)-121. At this point we have two potential POC zones, should the pair retrace. POC1 144.70-90 (38.2, bearish order block D H3) should reject the pair short term towards 144.00. But if the pair breaks 144.00 without any retracement to the upside target is D L3 - 143.74 and 143.40 - W L3/ATR Low confluence.

Daily Analysis | GBP/JPY | 20 of July
20 July, 2017 15:41

Daily Analysis | GBP/JPY | 20 of July

The GBP/JPY has been rejected from the W L4 level and at this point we see an intraday downtrend in the GBP/JPY with clear double bottom support.

Daily Analysis | EURUSD | 19 of July
19 July, 2017 15:24

Daily Analysis | EURUSD | 19 of July

The USD/JPY has been dropping, making a descending zig-zag pattern which marks the downtrend. The POC zone 112.40-62 (D H4, Trend line, ATR pivot, EMA89) could reject the price towards 111.70 and if the 111.65 breaks to the downside 111.40 and 111.00 should be next.

 

 

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

Fundamental Analysis | EURUSD / GBPUSD | 18 of July

At yesterday's trading, the British pound fell by 42 points after the speech of Finance Minister Philip Hammond about the break with single European market after Brexit. Other ministers do not support this scenario, there have already been rumors about failure in negotiations with the EU.

Fundamental Analysis | EURUSD / GBPUSD | 17 of July
17 July, 2017 11:18

Fundamental Analysis | EURUSD / GBPUSD | 17 of July

On Friday, the British pound has risen by 160 points against the backdrop of information about possible UK concessions to the EB in Brexit talks next week. Thus, the pound is departing from correlation with the euro, and will continue to grow regardless of its own macroeconomic data.

Daily Analysis | EURUSD | 17 of July
17 July, 2017 11:00

Daily Analysis | EURUSD | 17 of July

The EUR/USD has bounced above Weekly L3 camarilla, that suggest a possible upmove continuation. We can see two POC zones. The POC1 (W L3, ATR Pivot, D L4, order block, 50.0, EMA89) 1.1420-35 could spike the price towards 1.1475 and 1.1505, while in the case of deeper retracement.

Daily Analysis | GBPJPY | 14 of July
14 July, 2017 14:00

Daily Analysis | GBPJPY | 14 of July

Global Equities were given a boost the past few days, which has been bullish for the GJ pair. Japanese data has been solid the past week, and its major trading partner in China has posted strong data for the week. Whereas, US data has largely been meeting expectations.

Fundamental Analysis | EURUSD / GBPUSD | 14 of July
14 July, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 14 of July

On Thursday, the euro fell 13 points, the British pound increased by 55 points. The situation is developing as we predicted. However, there were some negative processes for the euro from the inside of market. Ilmar Rimsevic, one of the Board of Governors members of the ECB (the Central Bank of Latvia) unexpectedly stated that QE in the euro area could be reduced, but not for several years.

Fundamental Analysis | EURUSD / GBPUSD | 13 of July
13 July, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 13 of July

At the beginning of the week, the UK market was under pressure due to the words of Bank of England Deputy Chairman Ben Broadbent, who has said that economy was not ready to raise rates. However, yesterday, the market got a bit support against the background of good data on labor.

Fundamental Analysis | EURUSD / GBPUSD | 12 of July
12 July, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 12 of July

The history of Friday disagreements was repeated yesterday on the British pound. Officials have mentioned a relatively long retention of the current low rate, and the pound fell against the background of the other currencies growth. On Tuesday, the deputy head of BoE Ben Broadbent has spoken on a similar style.

Daily Analysis | AUDNZD | 11 of July
11 July, 2017 15:30

Daily Analysis | AUDNZD | 11 of July

The AUD/NZD went exactly as planned rejecting from the POC zone. Our previous AUD/NZD analysis showed a strong support which was respected and the pair proceeds with uptrend. The pair is above W H3 and D H5 which suggests strong uptrend. If we see a retracement, pay attention to POC 1.0465-85 (50.0, ATR pivot, W H3, D H5/H4, EMA89, inner trend line).

Daily Analysis from EW-Forecast | Crude OIL / AUDUSD | 11 of July
11 July, 2017 11:00

Daily Analysis from EW-Forecast | Crude OIL / AUDUSD | 11 of July

I really like the wave structure on Aussie where bounce from July 05 looks more and more corrective because of overlapping and slow recovery. It's probably a contra-trend move that can find a top this week somewhere around 0.7640-0.7655 zone. A drop to a new low will be expected, especially if 0.7585 support gives way.