Strifor

Strifor Updated 

Preferred direction: BUY Comment: The buy-priority is still relevant for the pound this week. It should be noted here that the buying power is one of the strongest among the major currency pairs. Short- and medium-term prospects are in favor of the buyer. Inflation in the USA may, surely, make its own adjustments, but nevertheless, technically, the...

Strifor Updated 

Preferred direction: BUY Comment: Since last week, as well as earlier, we have maintained a confident long position on this currency pair, which we continue to do. The current trading week will be more eventful with the publication of economic data; we will be especially interested in inflation in the United States. You can also find long entry points around...

Strifor Updated 

Preferred direction: BUY Comment: One of the most effective recoveries is also observed in silver . Here, too, silver outperforms gold , which does not recover in price as effectively. At the moment, we have scenario №1 active and the price has approached the level of 22.66582 . This is an obstacle that we expected in the near future. However, we continue...

Strifor Updated 

Preferred direction: SELL Comment: At the end of this week, another one of the most promising currencies as a strengthening against the US dollar is the Canadian dollar . Here, the Canadian dollar is provided with additional support by rising oil prices. The main target for the fall is located at the level of 1.34000 , and most likely we will continue...

Strifor Updated 

Preferred direction: BUY Comment: For this currency pair, we continue to insist on a medium-term long with a target at the level of 0.65848. Scenario №1 is in the works, but we are not taking scenario №2 off the table, since this is where the local minimum may still be updated. Among the majors, the most confident pairs for growth now are, of course, ...

Strifor Updated 

Preferred direction: BUY Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874 . Here the stop...

Strifor Updated 

Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there...

Strifor Updated 

Preferred direction: BUY Comment: Today, the mood in favor of buying the euro is still relevant. Half the way to the target has already been passed. It should be noted that the current week is not rich in news; today the most important event, surely, is the initial jobless claims . In general, one can count on more or less active movement only during the...

Strifor Updated 

Preferred direction: BUY Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that...

Strifor Updated 

Preferred direction: SELL Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of ...

Strifor Updated 

Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish....

Strifor Updated 

Preferred direction: BUY Comment: The British pound is also expected to begin a recovery. There are also two main scenarios here, and in this case, it is best to consider both options at the same time. There is still a possibility of updating the local minimum at level 1.25279 . However, buying from current ones is also relevant, since the price may fly up...

Strifor Updated 

Preferred direction: BUY Comment: This week the news background is calmer than the previous one, which allows you to work more on technical analysis. A reversal of the US dollar is on the agenda. And for the euro , accordingly, we expect growth towards the level of 1.09000 . Closing the price above 1.07600 will automatically activate an upward impulse...

Strifor Updated 

Preferred direction: Neutral Comment: The previous short trading idea worked out completely, and the take profit was fixed. Today, metals behave more uncertainly than currencies . Nevertheless, we will consider two scenarios for the development of events in gold, which are still more directed in favor of the bulls. The more likely scenario №1 says that...

Strifor Updated 

Preferred direction: BUY Comment: According to our previous analysis on USDCHF , we are in buy-priority (scenario №2) . There are no changes to make us change our minds. We expect that today, before the weekend, the instrument will pass most of the intended path to the goal, and the best option would be to close the deal before the start of the weekend. We...

Strifor Updated 

Preferred direction: BUY Comment: The RBA's decision on the interest rate will also most likely have an impact on the New Zealand currency, to a lesser extent, surely, but potentially, since the economies of New Zealand and Australia are closely related and are neighbors. However, we are considering longs for this instrument in the medium term,...

Strifor Updated 

Preferred direction: BUY Comment: A fairly good picture for short-term long-idea has also formed for silver. A buy signal began to form on Friday, and by the end of Monday of the new week, you can finally consider going long. The main growth target is level 23.32250. Scenario №2 assumes a preliminary retest of the support area at the 22.00 level. ...

Strifor Updated 

Preferred direction: BUY Comment: One of the most important events of this trading week is, of course, the RBA's interest rate decision and accompanying statements. At the moment, all previous sales have been closed, and strengthening against the US dollar is expected. Two scenarios are ready for your attention, and the first one is already in progress. We...