Tag: Analysis

Forecast for EUR/USD on January 28, 2020

EUR/USD

Unexpectedly weak data on new home sales in the US came out on Monday – the December report showed only 694 thousand against the forecast of 730 thousand, November data was revised down from 719 thousand to 697 thousand. Against the backdro…

Forecast for GBP/USD on January 28, 2020

GBP/USD

The pound fell by 16 points on Monday, gaining a foothold on the daily chart below the balance line indicator. The signal line of the Marlin oscillator has been staying in the negative zone since yesterday. The goals remain the same: 1.2968…

Forecast for USD/JPY on January 28, 2020

USD/JPY

Due to the Asian nature of the observed market fears, the Japanese yen may not completely fulfill the role of a safe haven currency. Since cases of new coronavirus diseases have appeared in Japan, the yen may weaken against the dollar. Yest…

Medium-term cross-EUR/AUD growth outlook

EUR/AUD

On the weekly chart, the price has overcome strong resistance at the point where the MACD line coincides with the Fibonacci level of 110.0%. The base branch for the grid is defined by the movement from August 2012 to January 2014.

The s…

USD/CAD further push up expected!

Trading RecommendationEntry: 1.31717Reason for Entry: 23.6% Fibonacci retracement, Exponential Moving Average resistance.Take Profit : 1.32313Reason for Take Profit: 78.6% Fibonacci retracement, 127.20% Fibonacci extension.Stop Loss: 1.31214Reason for …

USD/CHF approaching support, potential bounce!

Trading RecommendationEntry: 108.73Reason for Entry: Horizontal swing low support, 78.6% fibonacci extension, 61.8% Fibonacci retracementTake Profit :109.31Reason for Take Profit: Horizontal pullback resistance Stop Loss: 107.99Reason for Stop loss: