Expect to rise. Turning point: 1280.25. Above 1280.25, bullish, target price is 1286.50, then 1290.00. Under 1280.25, bearish, target price is set at 1276.50, then 1274.00. RSI technical indicators show a further upward trend.
The European Central Bank may not provide new clues on when to raise interest rates on Thursday. The European Central Bank is likely to postpone the expected major changes until the March meeting, which opens up the possibility of a rise in the euro. Currently, the EURUSD is gaining support from the Fibonacci point of 0.236. Although it is still too early to...
The employment data released yesterday is optimistic, which supports sterling continuously climbing up. The target is 1.3000. Turning point: 1.2920. Above 1.2920, bullish, target price is 1.2975, then 1.3000. Under 1.2920, bearish, target price is set at 1.2890, then 1.2855. RSI technical indicators are bullish and there is room for further upside.
USDCHF H4 C Wave Up ends. Strong support makes it will start the new Wave UP. It's likely that it'll reach 1.005
Wait for breaking the support or reaching the residence.
The data of Australian employment will be released on 1.24. If the unemployment rate decrease below 5.1%, RAB will be optimistic to change monetary policy, which will support AUD in short terms. However, AUDUSD formed two top shoulders and broke. Down trend is clear that it's likely to test 0.705 support soon.
Breaks the triangle and shows the top divergence.
According to WPIC, the fundamentals of the platinum market are expected to improve in 2019: increased demand and reduced margin. So it's likely that PT will break the triangle and go forward to 810 soon. Keep patience to wait for the opportunity.
The market was too optimistic about Brexit after May's deal was rejected by the parliament but defeated Corbin. It seems more likely that article 50 will be extended or that a second referendum will be held than hard Brexit. However, May has refused Corbin's precondition that rule out the no-deal Brexit. Actually, EU,Germany,France and Britain are preparing for...