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Thursday, June 30, 2016

Αs long as we hold above $1,305, we can say that the next leg up ... Read more .. Gold

Daily  Report Gold by  instaforex

Gold has completed 5 waves up in the short term from $1,305 to $1,328 and also made a corrective pullback towards the 61.8% Fibonacci retracement. 


This is the first short-term bullish signal after the spike last week, and as long as we hold above $1,305, we can say that the next leg up has started. 

Monday, June 27, 2016

The medium-term trend remains bullish as long as the price is above $1,250 targeting .. Read more .. Gold

Daily  Report Gold by  instaforex

Gold is still consolidating in a sideways movement as we expected after the big upward spike following the result of the UK referendum. 


The price is expected to continue higher towards $1,400. The medium-term trend remains bullish as long as the price is above $1,250 targeting $1,400 and higher. 

Any violation of the level of 1.28000 will invalidate .. Read more ..rate USD/CAD

Daily  Report USD/CAD by  instaforex

The impulsive wave to the upside is developing as anticipated before with the top of wave iii at the level of 1.3097. 

Currently, the market is in a corrective cycle with wave iv/a already completed. 

GBP/USD is under pressure and extends its downside movement due to the decision by UK voters to exit the EU Read more ..rate GBP/USD

Daily  Report GBP/USD by  instaforex

GBP/USD is under pressure and extends its downside movement due to the decision by UK voters to exit the European Union. 


The pair has been capped by 20-period and 50-period moving averages and remains on the downside. At the same time, both the 20-period and 50-period moving averages are heading downward. Besides, the relative strength index is bearish below its neutrality area at 50 and calls for further downside. 

Sunday, June 26, 2016

The warning from the bearish divergence remains but it is not a sell signal.... Read more ..Gold ..

Daily  Report Gold by  instaforex  - 24/06/2016

Gold price broken to new highs after the results of the UK's EU referendum.


 As I mentioned yesterday, the technical view on Gold was that a bounce should follow at least towards $1,280, and there were also many chances that the entire decline was over at the $1,250-60 area. 

Η εκτίμηση της αγοράς είναι ότι η απομάκρυνση του Ηνωμένου Βασιλείου από την ΕΕ, θα αποδυναμώσει τη στερλίνα κατά περίπου 15-20%. Ήδη, η στερλίνα έναντι του δολαρίου καταγράφει απώλειες της τάξης του 7% και έναντι του ευρώ 5,5%... - ALPHA BANK

Απόσπασμα από το Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων - Διεύθυνση Οικονομικών Μελετών .. ALPHA BANK 



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Thursday, June 23, 2016

Gold is showing signs of a bounce that could at least push the price .. Read more ..

Daily  Report Gold by  instaforex


Gold is showing signs of a bounce that could at least push the price higher towards $1,280.


 The price has retraced as far as the 50% Fibo level of the entire rise from $1,200, and we should consider long positions with stops at $1,260 as we could see a bigger upside reversal. 

Wednesday, June 22, 2016

As long as the GBP/USD pair keeps trading below the levels of 1.4670 and 1.4480, next bearish ... Read more rate GBP/USD

Daily  Report GBP/USD by  instaforex

Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. 


Daily Report in FOREX .. Read more ..

Daily  Report in FOREX by  instaforex


EUR/USD: Following the gap-up that happened on Monday, the EUR/USD has come down by 120 pips, affecting the neutrality of the market. For a bullish bias to form, the price needs to go above the resistance line at 1.4000; and for a bearish bias to form, the price needs to go below the support line at 1.1150. This is what would bring a Bearish or a Bullish Confirmation Pattern. 

Tuesday, June 21, 2016

The weekly chart is looking bearish after last week's candle rejection .. Read more .. USDX

Daily  Report USDX  by  instaforex

The false breakout of last week has evolved into a full-scale bearish reversal and price has reached the previous low and 61.8% Fibonacci retracement. 


We are at critical support levels that if broken we could see the 92 level again if not lower. 

Any violation of the support at the level of 0.7562 will be a clear signal .. Read more: .. rate EUR/GBP

Daily  Report EUR/GBP by  instaforex

An aggressive risk rally can be observed in all British Pound pairs all across the market as the "Remain" camp seizes the lead in a new Brexit poll.


 A survey published in the Mail on Sunday showed that +45% backed the UK staying in the EU, compared with +42% in favor of leaving. 

A growing bullish divergence between the price and momentum oscillator is ... Read more ..rate USD/CAD

Daily  Report  USD/CAD by  instaforex

The zig-zag corrective structure had broken below the 61%Fibo at the level of 1.2818 and currently trades just above the intraday support at the level of 1.2769.


A growing bullish divergence between the price and momentum oscillator is indicating a possible sharp move upward, which supports the view about the upward trend renewal.

We have a bearish divergence in the weekly chart and this is a warning sign for bulls.. Read more..Gold

Daily  Report Gold by  instaforex

Gold price made a bearish reversal last week confirming a short-term top is in.


 Price reached the first important support area of $1,270-75 but I believe we should expect more downside in Gold price specially if we see a daily close below $1,270. 

Monday, June 20, 2016

The GBP/CHF opening gap up today ... Read more ..

Daily  Report GBP/CHF by  instaforex



The GBP/CHF has moved according to expectations by opening gap up today. The pair is seen to be trading at 1.3990 level at this moment, looking to pause here.

The British pound soars, as the new poll data released over the weekend showed increasing support for the Remain Campaign in the United Kingdom ... Read more ..rate GBP/USD

Daily  Report GBP/USD by  instaforex


At the start of the new week, the referendum week, the British pound soars, as the new poll data released over the weekend showed increasing support for the Remain Campaign in the United Kingdom. Survation reported a 45 to 42 preference for a Remain vote while an analogous poll from YouGov gave the status quo a 44 to 43 percent lead.

Friday, June 17, 2016

Daily Report USD/CAD .. Read more ..

Daily  Report USD/CAD by  instaforex

On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. 


Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish rejection was expected (bearish engulfing weekly candlestick). 

Gold has reacted with a huge bearish reversal as we expected yesterday .. Read more ..Gold

Daily  Report Gold  by  instaforex

Gold has reacted with a huge bearish reversal as we expected yesterday. 


The metal is seen to be trading/drifting sideways between $1,276.00 and $1,282.00 levels respectively and should be looking to print one more low before producing a meaningful retracement higher. 

To re-gain the control over the market, bears will have to break ... Read more .. EUR/USD

Daily  Report EUR/USD by  instaforex

The US consumer price index data was published yesterday and it slightly missed the expectations. 



According to the Labor Department, the CPI index advanced 0.2% in May after rising 0.4% in April.Moreover, on a yearly pace, CPI increased 1.0% after accelerating 1.1% in April.

Wednesday, June 15, 2016

To confirm the bullish strength, the price would have to break out even higher above ... Read more .. USDX

Daily  Report USDX  by  instaforex

The main event of the week, the FOMC interest rate decision, economic projections, and the press conference are scheduled for 06:00 pm GMT today.

 Global investors do not expect any change in interest rates, and this attitude is being supported by the CME FedWatch tool - the current implied probability of a rate hike is 1.9%, so it is very unlikely. 

Overall trend is bearish and therefore consider selling ... Read more .. rate EUR/USD

Daily  Report EUR/USD by  instaforex



EUR/USD found the top at 1.1600; after that it declined rapidly. While moving lower it broke below the ascending channel and the 200 Moving average.

The upside potential is limited so gold bulls should be very cautious and .. Read more.. Gold

Daily  Report Gold by  instaforex

Gold continued moving higher yesterday towards $1,290 making a higher high.


 The upside potential is limited, so gold bulls should be very cautious and raise their protective stops. 

Tuesday, June 14, 2016

Bears are getting closer and closer to the most important technical support at the level .. Read more.. rate EUR/CAD

Daily  Report EUR/CAD by  instaforex

The recent data from Canada's job market surprised market participants with its positive readings. 

According to the Statistics Canada, a total of 13,800 new jobs was added in May, after an unexpected fall to -2,100 in April. This figures beat the expectations of a 1,800 rise only. 

If the trend is able to break out through the first resistance level at 0.9698 ... Read more .. rate USD/CHF

Daily  Report USD/CHF by  instaforex

The USD/CHF pair continues moving upwards from the bottom of 0.9622. Yesterday, the pair rose from the level of 0.9622 to a top around 0.9698. 

Today, the first resistance level is seen at 0.9722 followed by 0.9764, while daily support 1 is seen at 0.9577. 

The possibility of the UK voting to leave the EU in next week's referendum (June 23) pushed the pound to a new two-month low Read more .. rate GBP/USD

Daily  Report GBP/USD by  instaforex

Another ICS poll data was revealed yesterday. As leave takes six-point lead, so the risk aversion remains the prevailing sentiment for yet another week. 

Financial markets are clearly getting nervous with the latest UK polls released over the weekend, showing stronger momentum and possibly even a continuous lead for the pro-Brexit camp.

Monday, June 13, 2016

Daily persistence below the level of 1.4470 enhanced further bearish decline ... Read more .. rate GBP/USD

Daily  Report GBP/USD by  instaforex

Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. 


However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470) which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March 2009) provided a significant bullish rejection on February 26.

The bears must push the price even below the level ... Read more rate EUR/USD

Daily  Report EUR/USD by  instaforex

The most anticipated fundamental macro event of the week is the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday at 6:00 pm GMT.

 The meeting will end with the release of an interest rate decision, the statement, and economic projections.

The Dollar index has given a very bullish signal like it did in early May ... Read more .. USDX

Daily  Report USDX by  instaforex

The Dollar index has given a very bullish signal like it did in early May by producing a bullish hammer candle on the weekly chart.


 We all remember the rally in the Dollar index from 92 to 96 last May, and there are several indicators that show that this could be repeated with a higher high near 98. 

The market is approaching a possible reversal zone ... Read more ..rate USD/CAD

Daily  Report USD/CAD by  instaforex

Just as anticipated last week, the low for the wave X brown has been established at the level of 1.2654, and now the market is trying to fight its way up.


 The first real obstacle is technical resistance at the level of 1.2911, so the price must impulsively ..

Gold continues to rise towards its previous highs producing bearish divergence signals warning bulls ... Read more

Daily  Report Gold by  instaforex

Gold continues to rise towards its previous highs producing bearish divergence signals warning bulls to be cautious. 

Despite remaining longer-term bearish, I believe we should be ready for a pullback this week towards at least $1.255. 

Sunday, June 12, 2016

The rejection of the support level of 1.1315 ... there was a difficult period for the currency of the Euro .. Read more .. rate EUR/USD

Technical Analysis charts ...  EUR/USD



The recent signs of bearish rejection expressed around the price level of 1.1400 ... with the weakness of the exchange rate to move above the local peak of 1.1416 .. brought as a result of two candles fall initially and then the decomposition of support level of 1.1315 .. with great chances now the pair to move back to the strong support level of 1.1135 ..

Οι επενδυτές εμφανίζουν μια νευρικότητα για το αποτέλεσμα του δημοψηφίσματος, αφού το ασφάλιστρο κινδύνου (CDS-credit default swaps) για το Ηνωμένο Βασίλειο, εμφανίζει σημεία ανόδου και διαμορφώνεται στα 36 bps από 33 bps που ήταν την περασμένη εβδομάδα .. ALPHA BANK

Απόσπασμα από το Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων - Διεύθυνση Οικονομικών Μελετών .. της ALPHA BANK




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Friday, June 10, 2016

Bulls are trying to regain the control over this market.... Read more .. USDX

Daily  Report USDX by  instaforex

The US job market data surprised the market participants again as unemployment claims posted figures that are better than expected. 

According to the US Labor Department, initial unemployment claims fell to the level of 264k which is 5,000 less than the anticipated figure of 269K for the last week. 

The trend remains short-term bullish as long as price is above $1,257... Read more .. Gold

Daily  Report Gold by  instaforex

Gold price continued its upward movement towards a new higher high at $1,272.50. 


The trend remains short-term bullish as long as price is above $1,257. Gold is expected to pull back towards $1,245 at least and then resume its upward move. 

We will now be looking for support at the ending diagonal support line near .. Read more .. rate EUR/JPY

Daily  Report EUR/JPY by  instaforex

We have now seen an underthrow below the ending diagonal support line followed by a return back above the support line, which is a strong indication that the ending diagonal terminated at 120.28.


 We will now be looking for support at the ending diagonal support line near 120.60 for a break above  ..

Thursday, June 9, 2016

The projected target zone has been hit overnight and even slightly violated to the downside .. Read more ..rate USD/CAD

Daily  Report USD/CAD by  instaforex

The projected target zone has been hit overnight and even slightly violated to the downside.


Nevertheless, the growing bullish divergence between the price and momentum oscillator supports the view that an upside rally is the next possible wave development. 

It is hard to say whether bulls or bears are in control over this market ... Read more .. rate GBP/USD

Daily  Report GBP/USD by  instaforex

Another good news was delivered from the United Kingdom as the industrial production data outperformed most economists' expectations in April. 

According to the Office of National Statistics, the manufacturing production increased 2.3% against March's 0.1%, and industrial production advanced 2% as well (0.0% was the market expectations for both releases). 

The important technical resistance at the level of 0.7055 has been broken ... Read more .. rate NZD/USD

Daily  Report NZD/USD by  instaforex

The Reserve Bank of New Zealand (RBNZ) has decided to leave the official cash rate unchanged at the level of 2.25% (in line with expectations). 


During the press conference, the RBNZ's Governor Graeme Wheeler said that further policy easing may be required as it will continue to be accommodative. Moreover, he expressed his concerns regarding a low inflation level, mostly due to low fuel and other import prices. 

Wednesday, June 8, 2016

The recent bullish closure above 1.1200, enhanced further bullish advancement towards 1.1420 .. Read more rate EUR/USD

Daily  Report EUR/USD  by  instaforex

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. 


Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570 which had been previously reached in August 1997. 

USD/CHF is under pressure ... Read more ..

Daily  Report USD/CHF  by  instaforex

USD/CHF is under pressure. The pair remains capped by its declining 20-period and 50-period moving averages since June 6 and is challenging the nearest support at 0.9715.

 Besides, the relative strength index remains weak below its neutrality area at 50 and lacks upward momentum. 

Daily Report in FOREX .. Read more ..

Daily  Report in FOREX by  instaforex



EUR/USD: The EUR/USD has consolidated so far this week; whereas a closer look at the market reveals that bulls are still willing to push the market further upwards. Since there is a Bullish Confirmation Pattern in the market, the resistance lines at 1.1400, 1.1450 and 1.1500 would be tested as the price goes further upwards. 

Tuesday, June 7, 2016

The short-term trend is bearish, however, a move lower ... Read more .. USDX

Daily  Report USDX by  instaforex

The Dollar index is trading around the 50% Fibonacci retracement after its sharp decline from last week's disappointing NFP numbers.

 The short-term trend is bearish, however, a move lower could put the larger trend in danger. 

The short-term trend is bullish while the medium-term trend is neutral as long as .. Read more .. Gold

Daily  Report Gold by  instaforex

Gold is consolidating sideways and may be forming a bullish flag pattern.


 The price has stopped its rise right under the daily Ichimoku cloud resistance. 

The bullish rally is fueled by good economic news, but only a sustained breakout above the level ... Read more .. rate AUD/USD

Daily  Report AUD/USD by  instaforex

The Reserve Bank of Australia left the interest rate at the level of 1.75% yesterday, just as market participants had expected. 


The main reason for the RBA's decision was a robust first-quarter report of gross domestic product (GDP) for the January-March period that showed expansion by 3.1% on-year. Moreover, among other factors underlining the case for steady policy are oil prices that moved higher from their recent lows. 

Any breakout below the zone 1.2772 - 1.2754 will invalidate the green bullish ... Read more .. rate USD/CAD

Daily  Report USD/CAD by  instaforex

The corrective cycle in wave (ii) retraced deeper than previously anticipated as the wave v is now rather close to the key zone between the levels of 1.2772 - 1.2754. 


Any breakout below this zone will invalidate the green bullish impulsive count. 

If the bulls are too weak to break out above the swing high at the level of 1.1615 .. Read more .. rate EUR/USD

Daily  Report EUR/USD by  instaforex

In her yesterday's speech at the World Affairs Council of Philadelphia's luncheon, Federal Reserve Chair Janet Yellen almost confirmed that the policymakers will not hike the short-term interest rates at the June or July meeting. 


This is quite an important change from the latest remarks when Fed officials were almost convinced that at least two interest rate hikes will happen by the end of 2016. 

Monday, June 6, 2016

Gold price spiked upwards and gave a short-term buy signal... Read more ..

Daily Report Gold by instaforex

As we expected gold price started a new trend after the Non-Farm payrolls announcement last Friday. In our previous analysis we noted that the downside potential was limited and a bounce towards the $1,250-60 area at least was expected. 


Gold price spiked upwards and gave a short-term buy signal.

The break below 121.46 calls for more downside pressure towards ... Read more .. rate EUR/JPY

Daily Report EUR/JPY by instaforex

The break below 121.46 calls for more downside pressure towards the 117.95 - 118.20 area before a long bottom for the corrective decline from 149.56 should be expected.

 That being said, the failure to build on the break below 121.46 could indicate that the potential downside potential is limited.

The market is still in the corrective cycle, but .. Read more rate USD/CAD

Daily Report USD/CAD by instaforex

The simple corrective structure has evolved into a WXY complex corrective pattern that is currently being developed in wave (ii). 


There is, however, a possibility that as long as the level of 1.2836 is not clearly violated, the current pattern might evolve into an even more complex WXYXXZ pattern, and this cycle will take even more time than the current one.

Sunday, June 5, 2016

Strong upward reaction of the EUR /USD rate .. the results of the polls for Britain's stay in the euro zone at the center ...

Technical Analysis charts .. FOREX 

EUR/USD


Following dismissal made at the level of 1.1365 .. the euro against the dollar followed a downward trend as the level of 61.80% of the correction level at 1.1225 fibo .. .. where then the euro declined to give then further correction in reacting dynamically reacting Friday as the levels of rejection ..

Οι δυνατότητες ενίσχυσης του ευρώ έναντι του δολαρίου εμφανίζονται περιορισμένες, καθώς έχει αυξηθεί η πιθανότητα η Fed να προβεί σε άνοδο επιτοκίων στην επόμενη συνεδρίαση της Επιτροπής Νομισματικής Πολιτικής. .. ALPHA BANK

Απόσπασμα από το Εβδομαδιαίο Δελτίο Οικονομικών Εξελίξεων  -  Διεύθυνση Οικονομικών Μελετών .. της ALPHA BANK


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