feedback
Wave Tech Analysis

FxPro Forex Analysis: EUR/GBP Wave Analysis – 16 August , 2018

• EUR/GBP reversed from support zone • Further gains are likely EUR/GBP continues to rise after the recent upward reversal from the support zone lying between the support level 0.8900, support trendline of the daily up channel from June and the 38.2% Fibonacci correction of the previous upward impulse from June. The upward reversal from this support zone started the active short-term impulse wave 5– which belongs to the the medium-term impulse wave (C) from May. Given the strength of the ...

Wave Tech Analysis

FxPro Forex Analysis: Corn Wave Analysis – 16 August , 2018

• Corn rising inside impulse wave (3) • Further gains are likely Corn continues to rise inside the medium-term impulse wave (3), which started recently from the support zone lying between the support level 350.00 (low of wave 2) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer (highlighted below). Corn is expected to rise further and retest the next strong resistance level 373.00 (which stopped the ...

The FxPro Analyst Team

U.S. building activity is worryingly on the back foot

The US building activity is worryingly on the back foot at the moment. The data published some minutes ago saw growth of the Housing Starts for July by just 0.9% against the expected 7.4%, all after seeing a big dip by 12.9% in the month before. The building activity is a useful indicator of the housing market and often reflects the consumers’ confidence in economic expectations. Sudden weak data put some pressure on the Dollar, allowing EURUSD to continue its second day recovery, after ...

The FxPro Analyst Team

Midday EURUSD roundup

The single currency has added to the dollar on Thursday morning. EURUSD is trading near 1.1380 attempting to gain above the support at the 1.13 level it reached yesterday. Bearish: The weak data of the wholesale prices in Germany are also stocking up against the Euro at 0.0% with the expected +0.5%, alongside the four months of the eurozone’s foreign trade surplus decline. Bullish: the Euro got support on the back of the announcement of trade talks between China and the U.S. Next focus on: ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets are on the rise due to Turkey and China positive news

Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease of 1.1% on Wednesday. The Chinese offshore yuan adds about 1% on Thursday morning and trades at 6.875 after reaching 18-month lows to the dollar overnight. The central bank of Turkey decided not to raise the key rates but had limited the possibility of speculative attack on lira. As a result, its course rose by 19% ...

Wave Tech Analysis

FxPro Forex Analysis: Copper Wave Analysis – 15 August , 2018

• Copper broke pivotal support level 268.00 • Further losses are likely Copper today broke sharply below the pivotal support level 268.00, which stopped the previous sharp impulse wave 1 in July, as can be seen from the daily Copper chart below. The breakout of the support level 1.2750 strengthened the bearish pressure on this currency pair – accelerating the active impulse wave 3 – which is a part of the medium-term impulse wave (C) from June. Copper is expected to fall further and retest the ...

Wave Tech Analysis

FxPro Forex Analysis: GBP/CHF Wave Analysis – 15 August , 2018

• GBP/CHF broke support level 1.2750 • Further losses are likely GBP/CHF continues to fall after the recent breakout of the key support level 1.2750, which previously reversed the price in last October, as can be seen from the daily GBP/CHF chart below. The breakout of the support level 1.2750 accelerated the active short-term impulse wave 3 – which belongs to the the medium-term impulse wave (C) from last month. GBP/CHF is expected to fall further and retest the next support level 1.2500 ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets decline resumes, dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China's claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including passenger cars, and has announced a boycott of American electronics. On Wednesday morning, the markets are again under pressure on new episodes of U.S. trade ...

Независимый эксперт Дмитрий Черноволов

(Русский) Природный газ растет внутри волны 2