Filtered by date: 31.01.2019. Clear
  • The Fed is at markets’ beck and call, takes strong risk-averse stance

    The Fed has surpassed itself in its intent “to be of service for financial markets”, as the contrast of fresh January policy update with the December statement was really unprecedented:

  • Oil Seems to Be on The Rise

    Today we discuss the reasons for oil to jump up. We also review the current state that the British currency and American index S&P500 are now in.

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support, at 0.9924 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9939 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see a corresponding drop in […]

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.9550 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.9526 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1503 (horizontal pullback resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1443 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 109.14 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 108.74 (horizontal overlap support, 23.6% Fibonacci retracement). RSI (21) is also seeing a bearish exit where we might see a corresponding drop in price. […]

  • Summary

    We are seeing a nice setup on USDJPY and EURUSD as it is approaching resistance where we are expecting a drop below this level. GBPCAD dropped nicely below our first resistance and is reaching our major support target: https://www.tradingview.com/chart/GBPCAD/aPxQUb5g-GBPCAD-approaching-resistance-potential-drop/

  • A note on the balance sheet of Federal Reserve System: How does the Central Bank control the rates and what is the fate of QT?

    Here is what markets should keep in mind before the first Fed meeting in this year: an acute lack of trust in the Central Bank’s policy in December forced Powell to issue “put” signal already in January (“The Fed will be patient about raising interest rates”), as he suddenly realized the importance of markets’ feedback in policy making. In my opinion, Fed merely entertained thearkets’ complaint in order to quench the volatility and restore confidence in the regulator with no major shifts in the policy in mind.

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7524 (Horizontal swing high resistance, 50%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.7055 (Horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6806 (horizontal pullback support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 0.6839 (50% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might be seeing a corresponding bounce in price. Trading CFDs on margin carries high […]

  • AUDCHF approaching resistance, potential drop!

    AUDCHF is approaching our first resistance at 0.7183 (horizontal overlap resistance, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.7113 (50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses […]

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.2945 (horizontal swing low support, 50% Fibonacci, retracement, 161.8%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3006 (horizontal swing high resistance, 23.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching our support where we might see […]

  • Summary

    We are seeing a nice setup on GBPCAD and AUDCHF where we are seeing a potential drop below this level. Here are some of our nice calls previously: GBPCAD dropped perfectly from our first resistance and is approaching our major suport target: https://www.tradingview.com/chart/GBPCAD/ZkzOmN2e-GBPCAD-approaching-resistance-potential-drop/ USDCHF bounced perfectly from our first support and is approching our major […]

  • Disarray in US economic calendar may continue for several months despite government reopening

    Trump brought federal workers back to work by signing the respective order on Friday but starting up the engine of the state machine is not likely to be a quick fix.

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 145.50 (horizontal swing high resistance, 100% Fibonacci extension, 50%, 61.8%, 78.6% Fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 142.09 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a […]