The EURUSD has reached the key resistance level and expected to drop as the dollar may strengthen as a result of open market operations conducted by The Fed. The Fed buying up US Treasuries and other assets to encourage banks to keep lending and prevent a market collapse. It has also stepped in with new programmes to lend to small and medium-sized firms and buy...
This pair has reached resistance level and showing three line strike pattern, the price might go down towards support zone. Dollar may rise because the manufacturing PMI released by ISM shows that the manufucturing PMI registered 43.1 percent, up 1.6 percentage points from the April reading of 41.5 percent. I expect this pair to fall because of the effect of...
Gold May Rise Following Inverted Yield Curve On US Treasury and Trade War Technical Analysis Gold prices have broken the triangle pattern while still holding the gann 2/1 line and 0.50 fibonacci retracement, the target price is at february high at the 1341.85. Fundamental Analysis Because with short-term US rates now higher than long-term rates, history says...
Euro May Strengthen as GDP Rises and Inflation is Expected to Rise in Euro Area Euro area inflation is expected to edge higher according to eurostat as a possible result of GDP growth which could strengthen euro. While unemployment rate has maintained low at 7.7% Euro area annual inflation is expected to be 1.7% in April 2019, up from 1.4% in March according to...
Gold Prices May Rise as There Are Some Uncertanties and Slowdowns Global FDI are falling and some economic uncertainty including U.S. trade negotiations with China, Europe, Canada and other trading partners, and Brexit could affect the Global Econmy. US' Business Activtity and US' Foreign growth are also slowing downt the investors may invest in safe-haven assets...
Newzealand April Trade Surplus Could Push NZDUSD Higher Newzealand's trade balance is 922M in april, up from -68M in March, this is a significant increase in surplus which could streghthen the NZD. Technical Analysis NZDUSD rallied last week following trade surplus announcement, The price is likely to go towards 0.382 level at 0.67901 or 0.236 level at 0.68379
Japanese Yen Remains Cautious as Industrial Production Declined, but Likely to Strengthen March industrial production, a key piece of data for BOJ economists, fell 0.9% on month after rising 0.7% rise in February, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed. March's drop, outpacing the MNI median forecast of a 0.1% fall,...
Possible Rise on Fix Mortgages Interest Rates May Strengthen Swiss Franc According to Credit Suisse, Inflation remains low and the Swiss National Bank (SNB) considers the expected medium-term inflationary trend to be unproblematic. The interest rates of Fix mortgages have reverted toward their historic lows since the fourth quarter of 2018 due to the rise in...
USDJPY Could Go Lower Following Rise on Japanese Government Bond and Japan's Trade Surplus USDJPY Geometrical and Fundamental Analysis USDJPY price still holds at key resistance, the price was not moving significantly last week, The price is at the maxima point of the sine line, I'll go shorty if there is a strong move downward occur next week, the price could...
EURUSD Geometrical and Fundamental Analysis EURUSD price was down 0.83% on Friday which was at the minima point of Sine Line, the fall is likely to be retracement. i'm looking for a possible bounce from 0.236 level of retracement or possible bounce from the confluence support level at 1.11850. The price could go towards intersection 1 at 1.13536 or intersection...
The Gold Prices Might Go Up Following Possible US Slowdown Gold Geometrical Technical Analysis and Fundamental Analysis The Prices of Gold has risen 15.96% up since last September to March before fall 5.29% down from February to April, However thee uptrend still holds at 3/1 level of Gann Line. I expect The Gold prices to continue going up to 1 fibonacci level...
USDJPY reaches resistance level at 111.982 which is at the 0.236 fibonacci retracement level from October 2018 High to January 2019 low, the price of this pair is expected to go down towards 0.5 level at 109.422 or 0.618 level at 108.293. Next week is the end of the japanese holiday known as Goruden Wiku which has caused this pair to rise due to low liquidity in...
USDCAD was down 4.16% from January to February 2019 at 1.30831 which is around 0.382 level of fibonacci retracement from October low to December high. This pair has rebounded 2.92% up from Febuary to March 2019 to the 0.764 level. this pair could move to the 1 level at 1.36673 or going further to the 1.238 level which is also the intersection between 0.764 level...
EURUSD responded to the support level of the march low at 1.11869 and moved slightly upward. this pair is trading around the 0.764 level of fibonacci circle, The prices could move toward the 0.764 fibonacci retracement which is also the intersection between 0.764 fibonacci circle and 2/1 Gann line at 1.14763. From the fundamantal view this pair is looking...