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Re: Tifia Daily Market Analytics

Postby TifiaFX » Thu Jun 22, 2017 10:50 am

Brent: the reduction of stocks in the US did not change the mood of investors
22/06/2017

Current dynamics

According to a weekly report released yesterday by the US Department of Energy, US oil inventories fell by 2.451 million barrels last week (the forecast was expected to reduce inventories by 2.1 million barrels). Immediately after the publication of the Ministry of Energy data, oil prices went up, however, for a short time. Growth was unstable, and in the next three hours the price for Brent crude oil fell by $ 1.7 to $ 44.7 per barrel.
WTI futures on NYMEX traded yesterday with a decline of about 2.4%. Contracts for Brent crude fell by 2.63% to 44.81 dollars per barrel.
This behavior of the price can only be explained by one thing: investors do not believe that OPEC's efforts will help restore the balance in the oil market and strengthen prices. Moreover, the countries of the cartel began to sell oil from their own storage facilities, while still cutting production. The increase in production in Nigeria and Libya, part of OPEC, but exempt from the reduction obligations, weakens the hopes for the restoration of oil prices. The US has been very successful in this situation, which continues to increase oil production, filling the vacant niche in the oil market. Oil production in the US last week increased again, by 20,000 barrels per day, more than 9.3 million barrels per day, the highest since summer 2015.
The number of oil drilling rigs in the US increased again last week, this time by six units to 747 units, which was the 22nd consecutive week of the increase. Excess supply in the oil market remains, and the world's oil reserves remain high. Oil prices since the beginning of this year have fallen by about 28%, completely losing the positions won after the conclusion of the OPEC deal in late 2016.
Today, there is a slight recovery in the price of oil after a non-stop three-day decline. Nevertheless, the oil market is dominated by a strong negative momentum. The oil market seems to be shifting again into a bearish phase.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics


Support and resistance levels
On a weekly chart, the Brent oil price broke the lower border of the rising channel near the level of 47.50 and develops a downward trend. On the daily chart, the price came very close to the lower boundary of the descending channel, passing near the mark of 44.65.
Today, the OsMA and Stochastic indicators on the 1-hour and 4-hour charts have turned to long positions. However, this indicates for the time being a short-term upward correction. On daily and weekly charts, indicators remain on the side of sellers.
Negative dynamics is growing at an accelerated pace. The price broke through the important support levels of 51.35 (EMA200 on the daily chart), 50.70 (the Fibonacci retracement level of 61.8% of the correction to the decline from the level of 65.30 from June 2015 to the absolute minimums of 2016 near the 27.00 mark), 46.20 (Fibonacci level 50.0%). There are two remaining milestones left - support levels of 43.50 (November lows), 41.70 (Fibonacci level of 38.2%), the breakdown of which will finally return prices for Brent crude oil in a downtrend. In case of consolidation below level 46.20, the upward trend of the price of Brent oil may be canceled.
Return to consideration of long positions is possible only if the price returns above the short-term local resistance level of 47.25 (EMA200 on the 1-hour chart) and the level of 47.50 (the lower limit of the ascending channel on the weekly chart).
The oil market is dominated by negative sentiment, and against this background, oil prices remain under pressure with a tendency to further decline.
Support levels: 44.65, 43.50, 41.70
Resistance levels: 45.50, 46.20, 47.25, 47.50, 48.35, 50.00, 50.70, 51.35

Trading Scenarios

Sell Stop 44.90. Stop-Loss Section 46.10. Take-Profit 44.65, 43.50, 41.70
Buy Stop 46.10. Stop-Loss 44.90. Take-Profit 47.25, 47.50, 48.35, 50.00, 50.70, 51.35

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Fri Jun 23, 2017 10:28 am

DJIA: investors are pausing
23/06/2017

Current dynamics

After the active growth and the achievement earlier this week of new one-month highs, the main US stock indexes suspended growth. The DJIA index is down for the fourth consecutive day, however, since the opening of today's trading day is trading in a narrow range near the mark of 21400.00. It seems that investors took a pause before the publication of fresh macro data on the US economy.
At 13:45 and 14:00 (GMT) will be published indexes of business activity in the manufacturing sector and services sector (PMI business activity from Markit Economics) in the US for June, as well as a report on the sale of new homes in the US in May . The PMI index is an important indicator of the business environment and the general state of the US economy. The indicator, exceeding the mark of 50, in general is a positive factor for US stock indices. The expected growth in indicators will support the dollar and stock indexes.
At 18:15 (GMT), the speech of FOMC member Jerome Powell will begin. From it, investors will want to hear information about the prospects for inflation and interest rates in the US. If Powell, like the other leaders of the Fed this week, speaks in favor of a softer scenario of raising rates in the US, this will support American indices.
American stock indexes rose on the basis of the current month, which ends next week. Macro statistics coming out across the US are generally quite positive to have a positive impact on US stock markets.
Their positive dynamics are still being preserved.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
On Tuesday, DJIA exceeded its recent annual highs and reached a new absolute maximum near the mark of 21538.0. Nevertheless, subsequently the DJIA index decreased and today at the beginning of the European session is traded at the short-term support level of 21380.0 (EMA200 on the 1-hour chart, EMA50 on the 4-hour chart).
Here, the lower limit of the ascending channel passes on the 4-hour chart. The current level is quite strong, and about the arrival of today positive macro data from the US DJIA index can rebound from this level of 21380.0 and resume growth.
At the same time, the indicators OsMA and Stochastics on the 1-hour, 4-hour, daily charts turned to short positions, signaling a possible continuation of the downward correction. There may be a correction decrease to the level of 21117.0 (EMA200 on the 4-hour chart). Deeper correction movement is possible to the lower border of the ascending channel on the daily chart (level 20900.0).
If the downward trend is to increase, the decline in the index may continue to support levels of 20500.0 (the May lows and EMA144 on the daily chart), 20360.0, 20158.0 (EMA200 on the daily chart, December highs and Fibonacci level of 23.6% correction to wave growth from the level 15660.0 after the recovery in February this year to a collapse in the markets since the beginning of the year. The maximum of this wave and the Fibonacci level of 0% is near the mark of 21538.0).
The positive dynamics of the US stock market and DJIA index remains. Only in case of breakdown of the support level 20158.0 can we speak about the breakdown of the bullish trend.
Support levels: 21380.0, 21170.0, 20900.0, 20500.0, 20360.0, 20158.0, 19300.0
Resistance levels: 21538.0, 22000.0

Trading Scenarios

Buy Stop 21460.0. Stop-Loss 21310.0. Take-Profit 21538.0, 22000.0
Sell Stop 21310.0. Stop-Loss 21460.0. Take-Profit 21170.0, 20900.0, 20500.0, 20360.0, 20158.0

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Mon Jun 26, 2017 10:33 am

EuroStoxx50: stock indexes are growing today
26/06/2017

Current dynamics

Today, global stock indexes are growing. The stabilization of oil prices renders support to the stock market. In recent days, there has been a sharp drop in energy prices.
The price of WTI oil last week fell by more than 20% from the February high. Fears of investors regarding the further decline in prices remain against the background of an overabundance of oil supply in the world.
Despite OPEC measures to limit production, world oil reserves in the world remain at high levels. A sharp fall in oil prices led to a decline in key indices.
The last three days the price of oil is recovering. Oil Brent went up today by 1.4% to 46.20 dollars per barrel. The sub-index of the oil and gas sector StoxxEurope 600 rose by 0.9%.
Other major European stock indices (CAC40, DAX30, EuroSTOXX50) are also growing today. The growth of European indices is also promoted by the growth of shares of European banks after on Sunday the authorities of Italy announced that they are ready to spend 17 billion euros in the process of liquidation of two regional creditors.
EuroSTOXX50 grew today by 0.7% in the first three hours since the beginning of the European trading session to the level of 3575.0.
Positive macro data, received from Germany at the beginning of the European trading session, also contributed to the growth of the indexes DAX30, EuroSTOXX50.
The index of economic expectations in Germany in June was 106.8 (forecast was 106.4), the German business sentiment index in June was 115.1 (forecast was 114.4), the current conditions in Germany in June 124.1 (forecast Was 123.3).
Now investors are waiting for data from the Eurozone on inflation, which will be published later on Friday. Annual inflation in June is expected to slow in Italy, Spain, France, Germany and the Eurozone as a whole to 1.2% from 1.4% in May, reaching its lowest level in 2017. If the forecast is justified, then the ECB's predilection for the reduction of the QE program is expected to decline even more.
As you know, in early June, the ECB kept its benchmark interest rate at 0%. The QE program, in which the ECB monthly buys up European assets worth 60 billion euros, also remained unchanged. The ECB Governing Council stated that the curtailment of the QE program has not yet been planned and is even ready to increase the volume of the quantitative easing program if necessary.
And this is a positive factor for the European stock market.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics


Support and resistance levels
And yet, despite today's growth, the EuroStoxx50 index remains under pressure, gradually decreasing in the descending channel on the daily chart. Only in case of breakdown of resistance levels 3590.0 (the top line of the descending channel on the daily chart), 3610.0 (June highs) can we speak about restoring the positive dynamics of the EuroStoxx50 index and its further growth.
The reverse scenario is connected with the breakdown of the support level 3542.0 (EMA50 on the daily chart, EMA200 on the 4-hour chart) and the further decrease of the EuroStoxx50 index with the immediate target at the support level of 3495.0 (the lower border of the descending channel on the daily chart and the April highs observed on the eve of the presidential election in France).
And at the same time, the medium-term positive dynamics of the EuroStoxx50 index remains, while the index is above the key support level of 33.80 (EMA200 on the daily chart and Fibonacci level 61.8% correction to the wave of growth since June 2016).
In case of breakdown of the level 3610.0, the growth of the EuroStoxx50 index may resume within the uplink on a weekly chart. At least, the ECB's tendency to continue the extra soft monetary policy promotes this.
Support levels: 3542.0, 3495.0, 3380.0
Resistance levels: 3590.0, 3610.0, 3680.0, 3700.0

Trading Scenarios

Sell Stop 3540.0 Stop-Loss 3580.0. Take-Profit 3510.0, 3495.0, 3435.0, 3380.0
Buy Stop 3580.0. Stop-Loss 3540.0. Take-Profit 3590.0, 3610.0, 3680.0, 3700.0

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Tue Jun 27, 2017 9:57 am

XAU/USD: the dollar drops before the performance Janet Jellen
27/06/2017

Current dynamics

With the opening of today's trading day, and especially at the beginning of the European session, the dollar is falling in the foreign exchange market. Published yesterday, data from the US Department of Commerce showed a reduction in orders for durable goods in May by 1.1% compared to the previous month, which was the strongest decline in six months. Demand for durable goods in the US in May fell for the second consecutive month.
Other macro data from the US also come out with weaker indicators. So, published on Friday, indicators of activity in the manufacturing and services sectors in the US declined in June. The preliminary index of supply managers (PMI) for the US manufacturing sector in June fell to 52.1 against 52.7 in May, reaching a 9-month low. The preliminary index of supply managers (PMI) for the US service sector fell to a 3-month low, reaching 53 versus 53.6 in May.
The decline in macroeconomic indicators and the low level of inflation in the US can not but worry the Fed leaders.
Previously, the Federal Reserve raised the key interest rate to a range of 1% -1.25%, saying it expects another rate hike this year. However, market participants do not believe that the Fed can really proceed with further tightening of monetary policy amid weak data on inflation in the US.
"The US Federal Open Market Committee can refrain from actions and analyze the development of the macroeconomic situation in the coming quarters", said Fed President St. Louis James Bullard on Friday.
Today, market participants will wait for the speech of the head of the Fed, Janet Yellen, which will start at 5:00 pm (GMT). If Janet Yellen again signals about the Fed's inclination to tighten monetary policy, confirming its view that slowing inflation is a temporary phenomenon, then the dollar will quickly regain its positions in the foreign exchange market.
According to the CME Group, futures for interest rates by the Fed indicate that the probability of another increase in the Fed's rates this year is about 50%. Rising rates usually support the dollar, making it more attractive to investors. At the same time, prices for precious metals, denominated in US currency, are declining.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
Meanwhile, the price of gold is growing with the opening of today's trading day. The pair XAU / USD pushed back from the support level of 1245.00 (EMA144, EMA200 on the daily chart), however, its growth stopped at the short-term resistance level of 1253.00 (EMA200 on the 1-hour chart).
The pair XAU / USD is in the descending channel on the 4-hour chart. More seriously to the recovery of the upward movement of the pair XAU / USD can be attributed only after its consolidation above the resistance level 1257.00 (EMA200, EMA144 and the top line of the descending channel on the 4-hour chart).
If the trend of strengthening the dollar will gain momentum, then the price of gold will continue to decline gradually. The return of the pair XAU / USD into the zone below the key support level of 1245.00 will strengthen its negative dynamics.
The breakdown of the support level of 1220.00 (the Fibonacci level of 38.2% correction to the wave of decline since July 2016) will increase the risks of a return to the downtrend.
Support levels: 1248.00, 1245.00, 1236.00, 1220.00, 1200.00, 1185.00
Resistance levels: 1253.00, 1257.00, 1260.00, 1277.00, 1295.00, 1305.00

Trading Scenarios

Sell Stop 1249.00. Stop-Loss 1254.00. Take-Profit 1245.00, 1236.00, 1220.00, 1200.00, 1185.00
Buy Stop 1254.00. Stop-Loss 1249.00. Take-Profit 1257.00, 1260.00, 1277.00, 1295.00, 1305.00


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Re: Tifia Daily Market Analytics

Postby TifiaFX » Wed Jun 28, 2017 9:49 am

EuroStoxx50: European stock indexes are down
28/06/2017

Current dynamics

Statements made by ECB President Mario Draghi on Tuesday at a conference in Portugal provoked a sharp rise in the euro and a fall in European stock indices.
Mario Draghi said that "all the signs now point to the strengthening and expansion of the basis for the recovery of the Eurozone economy." Draghi spoke very cautiously about the ECB's monetary policy, saying that "it is necessary to reasonably approach the adjustment of the parameters of our policy in response to the improvement of the economic situation in order to ensure the combination of our incentives with the restoration of the economy against the background of continuing uncertainties."
At the same time, Draghi repeated that "it is necessary to persevere in carrying out our monetary and credit policy. Any changes in its direction should occur gradually and only if the justification for improving the dynamics seems to be quite reliable, "and" interest rates should be low so that the growth rate can recover ". Recall that the ECB's key rate (on deposits for commercial banks) has remained negative since June 2014.
And, nevertheless, Draghi's speech was perceived by market participants as a hint at the likelihood of curtailing the incentive program in the Eurozone in the near future. Now, many market participants expect that the ECB will begin to close the quantitative easing program in January 2018, and after the completion of the curtailment of the QE program, the ECB will gradually raise deposit rates and refinancing rates.
The euro showed the strongest growth for the year yesterday, while the prices of Eurozone bonds and most European stocks fell. At the same time, the yield of government bonds of countries such as Germany, France and Italy has risen sharply.
EuroSTOXX50 continues to decline today, losing about 1.4% during two incomplete days and trading at the beginning of the European trading session near the 3510.0 mark. If the ECB really starts to curtail the QE program in the Eurozone, the euro will continue to strengthen, and the European stock indexes decline.
Today, the attention of market participants will be focused on the speeches of the heads of central banks of Great Britain, Japan, Canada and the Eurozone, which will begin at 13:30 (GMT). In this period of time, a surge in volatility is expected in the foreign exchange market, including world stock markets.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
The EuroStoxx50 index broke yesterday the support level of 3542.0 (EMA50 on the daily chart, EMA200 on the 4-hour chart) and remains under pressure, decreasing in the descending channel on the daily chart. In case of breakdown of the support level of 3495.0 (June lows and April highs observed on the eve of the presidential elections in France), the EuroStoxx50 index will continue to decline. The reduction targets will be the support levels 3420.0 (EMA144 and the lower border of the descending channel on the daily chart), 3380.0 (EMA200 on the daily chart and the Fibonacci level of 61.8% correction to the decline wave since April 2015 and from the level of 3840.0).
Only in case of return to the zone above the level of 3542.0 can we speak about restoring the positive dynamics of the EuroStoxx50 index. In case of breakdown of the resistance level of 3610.0 (June highs), the growth of the EuroStoxx50 index may resume within the uplink on a weekly chart, the upper limit of which is just near the Fibonacci level of 100% (the beginning of the decline wave since April 2015 and the level of 3840.0).
Support levels: 3495.0, 3420.0, 3380.0
Resistance levels: 3542.0, 3590.0, 3610.0, 3680.0, 3700.0

Trading Scenarios

Sell Stop 3490.0. Stop-Loss 3525.0. Take-Profit 3420.0, 3400.0, 3380.0
Buy Stop 3525.0. Stop-Loss 3490.0. Take-Profit 3542.0, 3590.0, 3610.0, 3680.0, 3700.0

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Thu Jun 29, 2017 10:25 am

S&P500: investors remain optimistic
29/06/2017

Overview and dynamics

American stock indexes retain a positive trend against the backdrop of sales of government bonds. The yield of 10-year US government bonds, according to Tradeweb, rose on Wednesday to 2.223% from 2.198% on Tuesday. Investors remain confident that US economic growth is strong enough. At the same time, there were also speculations that weak inflation in the US would force the Fed to refrain from raising interest rates.
The index of Nasdaq Composite on Wednesday showed the most significant growth since November and increased by 87.79 points (by 1.4%) to 6234.41 points. Growth in the price of shares of technology and financial companies contribute to the growth of US stock indices. Shares in the technology sector in the S & P500 this year increased by almost 19%, and on Wednesday again showed the leading dynamics, rising by 1.3%. The financial sector in the S & P500 grew by 1.6% yesterday. The index itself S & P500 gained 0.9%, rising above the mark of 2440.0.
Newly rising oil prices also contribute to the growth of oil and gas stocks in the S & P500 index. Despite the release of data that recorded an increase in US oil inventories in the last week, Brent crude futures rose 0.9% to $ 47.95 per barrel.
If Donald Trump can keep his promise and reduce corporate taxes, this will further promote the growth of US indices.
Thus, there is every reason to assume that the positive dynamics of US stock indices will continue, probably even before the end of the year, when the Fed again can raise the interest rate.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Technical analysis
The index continues to grow in the ascending channels on the daily, weekly charts. At the beginning of today's European session, the index trades above the short-term support level of 2435.0 (EMA50 on the 4-hour chart, EMA200 on the 1-hour chart). In June, the index updated the absolute maximum near the mark of 2453.0.
Nevertheless, the OsMA and Stochastic indicators on the 1-hour and 4-hour charts turned to short positions. A downward correction is likely with the immediate goals of 2435.0, 2421.0 (EMA200 on the 4-hour chart). Only the breakdown of the support level at 2395.0 (the lower limit of the uplink on the daily chart and the highs of February and April) can cause a deeper correction to the level of 2355.0 (May lows). The breakdown of the support level of 2305.0 (EMA200 on the daily chart and the Fibonacci level of 23.6% of the correction for growth since February 2016) will cancel the bullish trend of the index.
Nevertheless, the positive dynamics of the S & P500 index remains. After the breakdown of the resistance level of 2453.0 (June highs), the growth of the index will resume.
Support levels: 2435.0, 2421.0, 2405.0, 2395.0, 2355.0, 2305.0
Resistance levels: 2453.0

Trading Scenarios

Sell Stop 2405.0. Stop-Loss 2417.0. Objectives 2388.0, 2355.0, 2326.0, 2305.0, 2280.0
Buy Stop 2417.0. Stop-Loss 2405.0. Objectives 2450.0, 2500.00

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Fri Jun 30, 2017 10:33 am

Brent: prices are recovering
30/06/2017

Current dynamics

Oil prices continue to recover. The rise of the last days has become the longest since April. The price of Brent crude is growing for the seventh consecutive session.
Prices received additional support from data on the reduction of oil production in the US last week by 100,000 barrels per day.
By the beginning of today's European session, August futures for WTI crude oil on the NYMEX were trading at $ 45.21 per barrel, with an increase of $ 0.28, while Brent crude futures gained 0.63% to $ 47.72 per barrel. Prices for these types of oil this week rose by more than 5%.
The spot price for Brent crude is approaching $ 48.00 per barrel at the beginning of the European session. Also, the growth of oil prices contributes to the weakening of the dollar in the foreign exchange market. The probability that in December the Fed can raise the rate by another 0.25% goes into the background. Investors' attention this week was focused on the statements of the leaders of several of the world's largest central banks (Europe, Great Britain, Canada) about the possibility of an early tightening of monetary policy in these countries, which led to the growth of currencies of these countries against the US dollar.
Nevertheless, the fundamental factors for oil prices remain rather negative. Excessive supply in the market can grow on the background of increased oil production in Libya and Nigeria.
The number of oil drilling rigs in the US increased again last week, this time by 11 units to 758 units, which was the 23rd consecutive week of the increase. Excess supply in the oil market remains, and the world's oil reserves remain high.
Investors are still not sure about the stabilization of oil prices. If the US again grows oil production, then pessimism can again return to the oil market. Despite the current price increase, a negative impulse prevails in the oil market.
Today (17:00 GMT) publishes a weekly report of the Baker Hughes oilfield services company on the number of active drilling platforms in the US, which is an important indicator of the activity of the oil sector of the US economy and significantly affects the quotes of oil prices. At the moment, the number of active drilling platforms in the US is 758.

*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
Last week, the price of Brent oil broke the lower border of the rising channel weekly chart near the level of 47.70 and develops a downward trend within the falling channel on the daily chart.
The lower boundary of this channel passes near the level of 43.50 (November minima).
The price is below the key resistance level of 50.70 (EMA200, EMA144 on the daily chart, the Fibonacci level of 61.8% correction to the decline from the level of 65.30 from June 2015 to the absolute minimums of 2016 near the 27.00 mark), 46.20 (Fibonacci level 50.0%) .
Corrective growth may continue to the resistance level of 48.65 (EMA200 on the 4-hour chart), from which the price may again return to a downtrend.
On the monthly and weekly charts, the OsMA and Stochastic indicators remain on the sellers’ side.
In the event of breakdown of support levels of 43.50 (November lows), 41.70 (Fibonacci level of 38.2%), the price of Brent crude will finally return to a downtrend.
Return to consideration of long positions is possible only if the price returns to the zone above the short-term local resistance level of 48.65 (EMA200 on the 4-hour chart).
The oil market is dominated by negative sentiment, and against this background, oil prices remain under pressure with a tendency to further decline.
Support levels: 47.70, 46.20, 45.50, 44.55, 43.50, 41.70
Levels of resistance: 48.65, 50.00, 50.70

Trading Scenarios

Sell Stop 47.30. Stop-Loss 48.30. Take-Profit 47.00, 46.20, 45.50, 44.55, 43.50, 41.70
Buy Stop 46.10. Stop-Loss 44.90. Take-Profit 47.25, 47.50, 48.35, 50.00, 50.70, 51.35

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Mon Jul 03, 2017 11:43 am

AUD/USD: RBA decision on the rate
03/07/2017
Current dynamics

Tomorrow at 04:30 (GMT), the RB of Australia publishes an interest rate decision. It is widely expected that the rate will remain at the same level of 1.5%. The growing Australian dollar is not profitable for the recovery of the Australian economy, whose GDP growth rates in the first quarter have already slowed.
Last week was marked by the fact that representatives of the Bank of England, Bank of Canada and the ECB signaled a tendency to tighten monetary and credit policy. However, the RBA is unlikely to follow in the footsteps of the Bank of England, the Bank of Canada and the ECB.
And yet, even a slight hint of the RBA Governor Philip Lowe on the positive state of the Australian labor market and the Australian economy could trigger the growth of the Australian dollar. In this case, amid weakening expectations of an increase in the rate from the Fed, the pair AUD / USD could rush to the level of 0.8000.
Conversely, the soft tone of the RBA's accompanying statement will help to weaken the AUD and lower the AUD / USD.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
The AUD / USD pair remains positive dynamics, trading in the upward channels on the 4-hour, daily, weekly charts.
The OsMA and Stochastic indicators on the daily, weekly charts are on the buyers’ side.
However, it's worth noting that on the 1-hour, 4-hour chart, the OsMA and Stochastics indicators went to the sellers' line, signaling the beginning of a downward correction.
The correction targets are support levels of 0.7625 (EMA200 on the 1-hour chart), 0.7560 (EMA200 on the 4-hour chart).
In case of breakdown of the level of 0.7560, further decrease to the key support level of 0.7525 (EMA200, EMA144 on the daily chart) is possible. The targets in case of further decline of the pair will be the levels of 0.7460 (the Fibonacci level of 23.6% of the correction to the wave of decline of the pair from July 2014, the minimum of the wave is near 0.6830), 0.7420, 0.7375, 0.7330 (November and May lows).
The breakdown of the support level of 0.7330 will call into question the uptrend of the pair AUD / USD.
If the pair AUD / USD maintains its positive dynamics, after its return to the zone above the level of 0.7690 (the upper line of the rising channel on the daily chart), its growth will continue with the targets 0.7710, 0.7760 (EMA144 on the weekly chart), 0.7840 (Fibonacci level 38.2%), 0.8000 (EMA200 and the upper line of the ascending channel on the weekly chart).
Support levels: 0.7625, 0.7560, 0.7525, 0.7460, 0.7445, 0.7420, 0.7375, 0.7330
Resistance levels: 0.7690, 0.7710, 0.7760

Trading Scenarios

Sell on the market. Stop-Loss 0.7680. Take-Profit: 0.7625, 0.7560, 0.7525, 0.7460, 0.7445, 0.7420
Buy Stop 0.7680. Stop-Loss 0.7570. Take-Profit 0.7690, 0.7710, 0.7760, 0.8000

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Re: Tifia Daily Market Analytics

Postby TifiaFX » Tue Jul 04, 2017 11:12 am

GBP/USD: The dollar is rising again
04/07/2017
Overview and dynamics

According to data provided by Markit today, the index of supply managers (PMI) for the UK construction sector fell in June (54.8 against 56.0 in May and 55 according to the forecast). Nevertheless, the pound reacted rather sluggishly to this data. In June, there is a weakening of the growth momentum in the UK construction sector, according to Markit, however, the PMI index remains above the level of 50, indicating an increase in activity. The slowdown in activity is generally observed in the UK economy (due to the "renewal of the rejection of risk", as stated in the report of Markit) amid concerns about economic and political uncertainties in the country. This is the lowest level of optimism about the prospects for the UK economy since December 2016.
This Markit report goes against the statement of Bank of England Governor Mark Carney, made during his speech at the forum of the European Central Bank in Portugal at the end of June. Mark Carney said that "a partial waiver of incentive measures is likely to be necessary, since the Bank of England will no longer have to compromise, and the decision-making process will enter the normal course".
Now market participants will wait for the meeting of the Bank of England in August, and it is not excluded, according to Mark Carney's statement, that the rate will be increased by 0.25%. Expectations of this development support the buyers of the pound. This week, the markets will study the data on industrial production and foreign trade of Great Britain (for May), which will be released on Friday, to understand how the growth in production in the country meets the expectations of economists.
Today in the US, a day off (Independence Day), low trading volumes and activity of traders will continue until tomorrow, when Asia opens. Nevertheless, the dollar is now increasing its positive dynamics after yesterday's growth amid strong production data.
The Institute for Supply Management (ISM) said on Monday that the Purchasing Managers Index (PMI) for the US manufacturing sector rose to 57.8, the highest level since August 2014.
Now, market participants will closely monitor the publication on Wednesday (18:00 GMT) of the minutes from the last FOMC meeting of the Fed and the US labor market data for June, which are published on Friday 12:30 (GMT).
It is expected that the Fed will confirm the continuation of tightening of monetary policy. The probability of another rate increase in 2017 is estimated by investors at 62%, according to the CME Group.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
Nevertheless, the pair GBP / USD remains positive, trading above the short-term 1.2885 (EMA200 on 1-hour), 1.2830 (EMA200 and the bottom line of the uplink on the 4-hour chart) and medium-term 1.2815 (EMA200 on the daily chart) support levels.
The GBP / USD pair since early 2017 continues to rise in the uplink on the weekly chart. If the positive pound dynamics continues, then the GBP / USD pair will continue to rise with the targets of 1.3050 (May highs), 1.3100, 1.3210 (Fibonacci level of 23.6% correction to the GBP / USD decline in the wave, which began in July 2014 near the level of 1.7200 and The upper limit of the ascending channel on the daily chart). Through the level of 1.3210 also passes the upper limit of the rising channel on the weekly chart.
Positive dynamics in the pair GBP / USD so far remains.
Nevertheless, the OsMA and Stochastic indicators on the 4-hour, daily charts turned to short positions.
An alternative scenario is to reduce the pair GBP / USD to support level 1.2815. In the case of breakdown of the support levels 1.2735 (EMA144 on the daily chart), 1.2640 (June lows and the lower limit of the uplink on the daily chart), the GBP / USD pair will accelerate towards targets near the 1.2550 level (the lower limit of the uplink on the weekly chart), 1.2365, 1.2110.
Support levels: 1.2885, 1.2830, 1.2815, 1.2735, 1.2700, 1.2640, 1.2550, 1.2485, 1.2365, 1.2110
Resistance levels: 1.3050, 1.3100, 1.3210, 1.3300

Trading Scenarios

Sell Stop 1.2910. Stop-Loss 1.2970. Take-Profit 1.2885, 1.2820, 1.2735, 1.2700, 1.2640, 1.2550, 1.2485
Buy Stop 1.2970. Stop-Loss 1.2910. Take-Profit 1.3050, 1.3100, 1.3210, 1.3300
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Re: Tifia Daily Market Analytics

Postby TifiaFX » Wed Jul 05, 2017 11:32 am

EUR/USD: on the eve of important events
05/07/2017

Current dynamics

This week, investors will closely monitor the publication of a number of important macroeconomic data. In addition to waiting for news on the course of the two-day G-20 summit that will begin in Hamburg on Friday, market participants will also focus on the minutes of the meeting of the central banks of the United States and the Eurozone to determine the prospects for monetary policy. The minutes of the meetings will be published on Wednesday at 18:00 (GMT) (US Federal Reserve) and Thursday (11:30 GMT) (ECB).
Today, there are new evidence of strengthening the economy of the Eurozone. So, in May, retail sales grew by 0.4% in the Eurozone (the forecast was + 0.3% and + 0.1% in April). The composite index of supply managers (PMI) in the services sector of the Eurozone increased to 55.4 in June (against the forecast of 54.7), the same index for the manufacturing sector increased to 56.3 in June (the forecast was 55.7). Values above 50 indicate an increase in activity.
Similar indices rose in June also in countries with leading economies of the Eurozone (Germany, France, Italy). This was reported today by the Statistics Agency of the Eurozone in conjunction with Markit Economics.
Nevertheless, the acceleration of economic growth has not yet led to a steady acceleration of inflation in the Eurozone, the target level of which is just below 2.0%. The growth of wages also remains weak.
As ECB representative Peter Prat said yesterday during his speech in Rome, "our (ECB) task has not been fulfilled yet. We need to maintain patience and perseverance. We need to be patient, because it takes more time for inflation to be surely reflected in the data. "
The euro almost did not react to the publication of positive data. The euro is falling against the dollar, as are other major currencies. And the strengthening of the dollar is observed for the third consecutive session, and in the pair EUR / USD - the fourth trading session.
The dollar continues to recover in the foreign exchange market on the eve of today's publication of the protocol since the last meeting of the Fed and on Friday - data from the US labor market for June.
*)An advanced fundamental analysis is available on the Tifia website at tifia.com/analytics

Support and resistance levels
The fourth day of the EUR / USD pair is declining. Indicators OsMA and Stochastics on the 1-hour, 4-hour, daily charts were deployed to short positions.
The pair EUR / USD broke through the short-term support level 1.1330 (EMA200 on the 1-hour chart). The target of further decline will be support levels 1.1285 (Fibonacci level of 23.8% of corrective growth from the lows reached in February 2015 in the last wave of global decline of the pair from 1.3900 level), 1.1250 (EMA144 and the bottom line of the ascending channel on the 4-hour chart).
The positive dynamics of the EUR / USD pair is generally maintained, while the pair is above the support level of 1.1210 (EMA200 on the 4-hour chart).
In case of breakdown of support level 1.1210, the pair EUR / USD decline will accelerate with the target at support level 1.1120 (bottom line of the uplink on the daily chart and June lows). The breakdown of the key support level 1.0950 (EMA200 on the daily chart) will cancel the upward trend of the EUR / USD pair.
Support levels: 1.1285, 1.1250, 1.1210, 1.1120, 1.0950
Levels of resistance: 1.1330, 1.1350, 1.1440, 1.1500, 1.1600, 1.1785

Trading Scenarios

Sell in the market. Stop-Loss 1.1360. Take-Profit 1.1300, 1.1280, 1.1215, 1.1170, 1.1140
Buy Stop 1.1360. Stop-Loss 1.1310. Take-Profit 1.1400, 1.1440, 1.1500, 1.1600, 1.1785

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