Tag Archives: charting tools

*Germany Q4 Exports -0.2% On Quarter, Imports +1.3%

Germany Q4 Exports -0.2% On Quarter, Imports +1.3% The material has been provided by InstaForex Company – www.instaforex.com…

February 25, 2020 : GBP/USD Intraday technical analysis and trade recommendations.

On the period between December 18th – 23rd, bearish breakout below the depicted previous bullish channel followed by transient bearish movement below 1.3000 were demonstrated on the H4 chart.However, immediate bullish recovery (around 1.2900) brought the pair back above 1.3000.Bullish breakout above 1.3000 allowed the mentioned Intraday bullish pullback to pursue towards 1.3250 (the backside of the broken channel) where the current wide-ranged movement channel was established between (1.3200-1.2980).Recent temporary bearish breakdown below 1.2980 enhanced further bearish decline towards 1.2890 (the lower limit of the movement channe) where evident bullish rejection was manifested on February 10.Last week, temporary bullish breakout above 1.3000 has been expressed until Wednesday when another bearish decline below 1.3000 brought the GBPUSD pair back towards the lower limit of the channel @ 1.2870 -1.2850 where another episode of bullish recovery is being demonstrated.As expected, the current bullish pullback managed to pursue towards the price zone of 1.2980-1.3000 which may fail to offer enough bearish rejection.Although the Intermediate-term technical outlook remains bearish below the price level of 1.3000 (Supply-Zone), any bullish breakout above 1.3000 should be waited as a valid Intraday BUY entry.If so, further bullish advancement will be demonstrated towards the price levels of 1.3070 and 1.3150.On…

Technical analysis of ETH/USD for 25/02/2020:

Crypto Industry News:Sarah John, the chief treasurer of the Bank of England (BoE), expressed opinions on digital currencies issued by the state, according to an article published by financial media. She called on other central banks to consider developing a central bank cryptocurrency in response to recent movements of private companies in the digital payments sector.John said it was “really important” to consider central banks to think of “central bank digital currencies” as “options” in response to the efforts of large technology companies to develop stablecoins.A BoE official warned that inaction could cause regulators to be forced to catch up with private companies in the digital payments arena, claiming that “it is crucial that central banks” consider whether the public or private sector would be the best to provide digital currencies in the future “.John’s statements appear a few days after Randal Quarles, chairman of the Financial Stability Board (FSB), urged G20 members to accelerate efforts to develop a regulatory apparatus for virtual currencies and Stablecoins.In a letter sent to governors of central banks and finance ministers, Quarles emphasized the speed of innovation in digital payments and the emerging stablecoin sector, deciding to “accelerate the pace of developing the necessary regulatory…

South Korea Consumer Confidence Weakens In February

South Korea’s consumer confidence weakened in February after rising in the previous month, survey results from Bank of Korea showed on Tuesday. The consumer confidence index fell to 96.9 in February from 104.2 in January. In December, the index reading was 100.5. The indicator for consumer sentiment regarding current living standards decreased two point to 91, while that concerning the outlook for living standards declined four point to 93 in January. Consumer sentiment related to future household income and future spending fell four points to 97 and 106, respectively. Consumer sentiment concerning current domestic conditions decrease twelve points to 66 and future domestic economic conditions fell eleven points to 76. The expected inflation rate for the following year was 1.7 percent. The survey was conducted among 2,500 households between February 10 and 17. The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD: plan for the European session on February 25. Buyers of the pound are counting on good news on trade negotiations

To open long positions on GBPUSD, you need:
On Monday morning, the British pound fell. However, the bulls quickly took control of the market, forming the lower border of the ascending channel already in the North American session, which I drew attention to in my review yesterday. While trading is above the intermediate support of 1.2933, which acts as the middle of the wide side channel of 1.2890-1.2980, we can expect the pound to return to the maximum of last week in the area of 1.2978 and its update, which will lead to a test of the area of 1.3020, where I recommend taking the profits. Without such a scenario, talking about the long-term advantage of buyers will not be entirely true, especially since the beginning of trade negotiations between the UK and the EU promises to be very problematic. If the bulls do not cope with this task, most likely, the pressure on the pound will return. So, it is best to open new long positions after forming a false breakdown in the support area of 1.2889 or immediately on a rebound from the minimum of 1.2851.
To open short positions on GBPUSD, you need:
The sellers of the pound will try to…

Medium-term outlook for the fall of GBP/NZD

GBP/NZD
A reversal divergence is formed on the weekly chart using the Marlin oscillator. The price of the current candle for a short time went above the level of 2.0425 and returned under it. This level is very strong and has strategic importance. Starting from May 2010, the price reversed from it many times or accelerated after the breakdown.

Now we are seeing a price reversal from the level down. The first goal of the decline will be to support the MACD line at 1.9900, however, this is only the beginning. If a reversal does occur, the MACD line will be overcome. This will become an additional strengthening bearish factor and the price will fall to the target level of 1.8958 – until the top of May 2017. Overcoming the level opens the way to an even lower goal of 1.8274 – the minimum of July 2019.

According to the daily chart of the GBP/NZD pair, the divergence has already been formed.

As seen on the H4, a double divergence is already in effect and the Marlin oscillator – in the fall zone of the trend.The material has been provided by InstaForex Company – www.instaforex.com…

Japan Producer Prices Climb 2.3% On Year In January

Producer prices in Japan were up 2.3 percent on year in January, the Bank of Japan said on Tuesday. That exceeded expectations for a gain of 2.1 percent, which would have been unchanged from the previous three months. On a monthly basis, producer prices sank 0.3 percent following the flat reading in December. Individually, prices were up for transportation, communications, real estate, finance and advertising. Producer prices for all items excluding international transportation gained 2.3 percent on year and fell 0.2 percent on month. The material has been provided by InstaForex Company – www.instaforex.com…

What Are The Major Institutions Trading? | Weekly COT Report (24/2 to 28/2)

The COT Report shows the long and short positions of the major institutions – which currencies they are the most bullish on and which currencies they are the most bearish on. This information is very useful for swing traders who hold positions for more than a day.The currency with the strongest bullish bias would be the USD, with Institutions adding more long contracts and at the same time also reducing the amount of short contracts that they were holding onto.The currency with the strongest bearish bias would be the NZD, AUD and following behind the JPY. Institutions are currently holding more shorts and also adding alot more short positions.The best plays this week would be to:1) Long USD/JPY2) Short AUD/USD and NZD/USDThe material has been provided by InstaForex Company – www.instaforex.com…

Dollar Mostly Subdued Against Rivals

The U.S. dollar retreated after displaying some strength earlier in the session on Monday, amid rising concerns about global growth after the coronavirus spread rapidly outside China. The dollar recovered after easing into the negative territory, but was still finding it tough to move up any significantly above the flat line. The dollar index, dropped to a low of 99.11 from around 99.60, and was last seen at 99.28, up slightly from previous close. Against the Euro, the dollar was down marginally at $1.0856, recovering from $1.0874. Earlier in the day, the dollar was up more than 0.4% at $1.0808. Germany’s business confidence improved in February, reports said citing survey data from the ifo institute. The business climate index rose to 96.1 in February from 96.0 in the previous month. The score was above the forecast of 95.3. The assessment of current situation weakened from last month, while expectations improved in February. The current conditions index came in at 98.9 in February versus consensus of 98.6. At the same time, the expectations index rose to 93.4 compared to economists’ forecast of 92.1. Against British Pound Sterling, the dollar strengthened to $1.2928, gaining more than 0.2%. The Japanese Yen gained…