The risk of no-deal Brexit is higher than several weeks ago. Additionally, Bank of England is likely to maintain the interest rate and lower the economy forecast. Carney's tone is dovish as higher uncertainty of Brexit. The target is 1.2870. Turning point: 1.3015. Under 1.3015, bearish , target price is set at 1.2920, then 1.2870. Above 1.3015, bullish ,...
Lowe's dovish tone is surprised to the market as the announcement released yesterday keep optimistic to economy. He said "cutting rate is still on the table and the change of monetary policy will be balance", which is considered as the signal to cut rate next step. On long term, we agree that Aussie will be bearish in 2019 coz the real estate is likely to to be...
The target is 1.1430. Turning point: 1.1365. Above 1.1365, bullish , target price is 1.1400,then 1.1430. Under 1.1365, bearish , target price is set at 1.1340, then 1.1315. Although Euro is still under the strong down trend pressure, we hope the temperate correction will happen soon. RSI technical indicators are bearish and have a further downward trend....
Euro is still under the pressure of down-trend line and will go down continuously. The target is 1.1390. Turning point: 1.1445. Under 1.1445, bearish , target price is set at 1.1410, then 1.1390. Above 1.1445, bullish , target price is 1.1475,then 1.1505. RSI technical indicators are bearish and have a further downward trend. Prior Strategy:
May is still struggling in negotiating with DUP and SNP. On the other hand, EU has clearly refused any opportunity to re-negotiate. Next week, May will fly to North Ireland and Scotland. The risk of no-deal Brexit is higher than several weeks ago. The target is 1.2920. Turning point: 1.3050. Under 1.3050, bearish , target price is set at 1.2980, then 1.2920....
EURAUD broke out the up-trend line and will continue going down. The target is 1.5660. Turning point: 1.5785. Under 1.5785, bearish , target price is set at 1.5720, then 1.5660. Above 1.5785, bullish , target price is 1.5835,then 1.5865. The temperate correction will be end. Prior Strategy:
Although the outstanding non-farm payroll didn't support the US Dollars, weak Euro still didn't stand on the support at 1.1475. It means the second down trend will start. The target is 1.1410. Turning point: 1.1475. Under 1.1475, bearish , target price is set at 1.1430, then 1.1410. Above 1.1475, bullish , target price is 1.1495,then 1.1515. RSI technical...
RAB maintains the interest rate at 1.75%. However, it keeps optimism to Australia's economy and doesn't lower the economic outlook, which lets the dovish down. The target is 0.7300. Turning point: 0.7245. Above 0.7245, bullish , target price is 0.7275, then 0.7300. Under 0.7245, bearish , target price is set at 0.7225, then 0.7200. RSI indicators reflect...
Aussie failed to break the residence at 0.7290, then turned down to test the support at 0.7240. The target is 0.7200. Turning point: 0.7260. Under 0.7260, bearish , target price is set at 0.7225, then 0.7200. Above 0.7260, bullish , target price is 0.730. However, we must pay attention to non-farm payroll tonight. Last night's target reached.
The target is 1.9110. Turning point: 1.8960. Above 1.8960, bullish , target price is 1.9050, then 1.9110. Under 1.8960, bearish , target price is set at 1.8885, then 1.8880. RSI indicators is confusing, pay attention to any news about Brexit. Prior Strategy:
Sterling is under the correction from 1.19, the vote on Brexit Deal. The target is 1.8845 Turning point: 1.9060. Under 1.9060, bearish , target price is set at 1.8935, then 1.8845. Above 1.9060, bullish , target price is 1.9140, then 1.9205. RSI technical indicators are bearish and have a further downward trend.
GBPUSD has formed the 2nd triangle. However, it's under the pressure at 1.3115, Sterling is likely to go down. The target is 1.2955. Turning point: 1.3115. Under 1.3115, bearish , target price is set at 1.3020, then 1.2955. Above 1.3115, bullish , target price is 1.3170,then 1.3215. RSI technical indicators are bearish and have a further downward trend....
EURAUD is under strong pressure at 1.5825, Bollinger Bands is tightening means reverse will come soon. Obviously, Euro is likely to down. The target is 1.5720. Turning point: 1.5825. Under 1.5825, bearish , target price is set at 1.5755, then 1.5720. Above 1.5825, bullish , target price is 1.5870,then 1.5910 .
Platinum rises as US Dollar is weak. It'll test the up-trend line soon, pay attention to the RSI indicator reflecting its weaker motivation. The target is 832.00. Turning point: 820.00. Above 820.00, bullish , target price is 826.20, then 832.00. Under 820.00, bearish , target price is set at 816.00, then 808.40. Prior Strategy:
Aussie shows the top divergence. It's likely that the temperate correction will happen. Prior Strategy:
CHFJPY is still under the down trend, it failed to break the trend line. Because it's over sell. The target is 108.70 Turning point: 109.70. Under 109.70, bearish , target price is set at 109.20, then 108.70. Above 109.70, bullish , target price is 110.05, then 110.50.
FED announced"Tightening under these conditions would be unnecessary roughness",which is treated as the signals end of interest rate increases. Dollar plunged over 70 dips last night, which made Euro strong. The target is 1.1535 Turning point: 1.1445. Above 1.1445, bullish , target price is 1.1510, then 1.1535. Under 1.1445, bearish , target price is set at...
The target is 1.3200 Turning point: 1.3055. Above 1.3055, bullish , target price is 1.3170, then 1.3200. Under 1.3055, bearish , target price is set at 1.3015, then 1.2970. Yesterday Strategy: