Volkov Yuriy Posted July 13, 2016 Author Share Posted July 13, 2016 Daily Forex market review 13 July 2016 EUR/USD (Euro/dollar pair) - In credit markets, yield of the 10-years' German government bonds is declining as compared to US and UK bonds. It makes investment in European assets more attractive. - ADX on the daily and hourly charts shows the flat. - RSI on the daily and hourly charts shows the flat, too. - Recommendation: trade inside the flat 1,1010 -1,1110 (one ten ten – one eleven ten) (the bottom Bollinger band on the hourly chart). GBP/USD (Pound/dollar) - On credit markets, yield of the 10-years' UK government bonds is declining as compared to US and German bonds. It makes investment in British assets less attractive. It is impossible to ignore the press releases of many UK banks stating that on Thursday the Bank of England will make a step ahead and lower rate by 0.5% (zero dot five per cent). - ADX on the daily and hourly charts shows the flat. - RSI on the 4-hours and hourly charts is overbought and has formed a divergence, it is the downtrend. - Recommendation:We should open Sell positions from 1.3315 (one thirty three fifteen) and 1.3355 (one thirty three fifty five) (area of the upper Bollinger band on the hourly chart) and take profit at 1,3235 (one thirty two thirty five) (area of the bottom Bollinger band on the hourly chart). USD/JPY (Dollar/Japanese Yen) - Stock markets are optimistic: US S&P500 index is storming new Highs, which contributes to growth of the currency pair. However, there is one factor which casts doubt on future growth of the stock markets - it is though moderate, but growing fear index VIX S&P500. This index is growing for the second day in a row, that signalsabout the downward correction. - ADX on the daily and hourly charts shows the flat. - RSI on the daily and hourly charts shows the flat, too. - Recommendation: trade inside the flat 103,50 (one hundred and three dot fifty) -105,00 (one hundred and five sharply) (the range of Bollinger bands on the hourly chart). Watch video analitics Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted July 27, 2016 Author Share Posted July 27, 2016 Currency market review for July twenty sevenEUR/USD (Euro/dollar pair) - The positive report on durable goods orders in the US will support the dollar. Acceleratiion of economic growth allows to expect moderately positive comments of the Fed Reserve, which is also positive for US dollar. Both indicators - ADX and RSI on the daily, 4-hours and hourly charts - show the flat. Today, there is the flat range 1.0975 -1.1010 (one zero nine seventy five - one ten ten) (which corresponds to Bollinger envelope on the hourly chart) - Recommendation: We should open Sell trades from 1.1015 (one ten fifteen), and take profit at 1,0975 (one zero nine seventy five) The next pair - GBP/USD (Pound/dollar) - Correction on the market of black gold may support the British currency in the first half of the day. The day before, the United States have once again encouraged investors with positive data on consumer confidence and new house sales. Thus, we wintess a steady economic growth, which usually provides US dollar with support . Both indicators - ADX and RSI on the daily, 4-hours and hourly charts - show the flat. Today, there is the flat range 1.3090 -1.3160 (one thirty ninety - one thirty one sixty) (which corresponds to Bollinger envelope on the hourly chart) - Recommendation: We should open Sell trades from 1.3165 (one thirty one sixty five), and take profit at 1,3090 (one thirty ninety). And finally, USD/JPY (Dollar/Japanese Yen) - US Federal Reserve may provide a moderately positive assessment of outlook of the US economy. That will boost yield of treasuries and thus will support US dollar. - ADX Indicator on the daily and hourly charts shows the uptrend RSI on the daily, 4-hours and hourly charts shows the flat. - Recommendation: We should open Buy trades from 105.40 (one hundred and five dot forty) and 104.80 (one hundred and four dot eighty). We should take profit at 105,80 (one hundred and five dot eighty) (area of the upper Bollinger band on the hourly chart). Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted July 28, 2016 Author Share Posted July 28, 2016 Daily Forex market review 28 July 2016 EUR/USD (Euro/dollar pair) - On the bond market, trend for euro is still negative: spread of yield of the 10-years' US and German bonds is expanded. It makes investment in US assets more attractive. - ADX indicator on the 4-hours' chart shows the uptrend; whereas on the hourly chart it shows the flat. - RSI indicator shapes divergence in the overboughtness zone on the hourly chart, which means the downtrend - Recommendation: trade inside the flat 1.1030 -1.1130. (one ten thirty – one eleven thirty) The next pair - GBP/USD (Pound/dollar) - The day before, traders ignored strong report on UK GDP for the second quarter. It proves a large number of sellers in the market. Another negative factor for the pair is sales on the oil market. The day before, US Department of Energy reported an increase of crude oil reserves by 1.6 (one dot six) million barrels – and that was after a nine-weeks' drop of reserves. - Both indicators - RSI and ADX - show the flat on the daily, 4-hours and hourly charts - Today, there is the flat range 1.3060 -1.3250 (one thirty sixty - one thirty two fifty) (which corresponds to Bollinger envelope on the hourly chart) - Recommendation: We should open Sell trades from 1.3250 (one thirty two fifty) , and take profit at 1,3100 (one thirty one double zero). And finally, USD/JPY (Dollar/Japanese Yen) - Multidirectional vector of monetary policy of the US and Japanese Central Banks leaves investors no choice but to building long positions on decline of the price. Dynamics of the US stock market also indicates a continued uptrend: the day before, the fear index VIX closed the day in the "red zone", which is a positive factor for the stock market. - ADX indicator on the daily chart shows the uptrend; whereas on the hourly chart it shows the downtrend. - RSI indicator shapes divergence in the oversoldness zone on the hourly chart, which means the uptrend - Recommendation: We should open Buy trades from 104.50 (one hundred and four dot fifty) and take profit at 105,50. (one hundred and five dot fifty) FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More ... Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 2, 2016 Author Share Posted August 2, 2016 FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More Information Daily Forex market review 2 August 2016 EUR/USD (Euro/dollar pair) - On the one hand, sales on the commodity market will support the US currency, as the cost of commodities is denominated in USD. On the other hand, weak PMI on the UK manufacturing sector can have a positive impact on EUR/GBP (euro/pound) cross-rate. In its turn, it is positive for EUR/USD, so we expect a flat on this pair. - ADX indicator on the daily and 4-hours charts shows the uptrend. - RSI indicator on the 4-hours chart is overbought, which means the downtrend. - Recommendation: trade inside the flat 1.1150 -1.1210 (one dot eleven fifty - one twelve ten) The next pair - GBP/USD (Pound/dollar) - Today, Markit information company will publish PMI report on the UK construction sector. Taking into account Brexit, we can expect release of weak data. Political risks jeopardize commercial and residential property markets. Sales are still observed on the oil market and Brent quotations are to test the psychological level $40/barrel, which means the downtrend. Both indicators – ADX and RSI – on the daily, 4-hour s and hourly charts show the flat. - Recommendation: Open Sell trades at 1,3220 (one thirty two twenty) and take profit at 1,3140 (one thirty one forty) And finally, USD/JPY (Dollar/Japanese Yen) - The day before, the "fear" index VIX S&P five hundred 500 grew by 6%. In Europe, leaders of the most notable decline were shares of the banking sector including Italian shares. The outflow from risky assets will cause the inflow of capital into the Japanese yen, which means the downtrend. Both indicators – ADX and RSI – on the daily, 4-hour s and hourly charts show the flat. - Recommendation: Open Sell trades at 102.45 (one hundred and two dot forty five) and take profit at 101.90 (one hundred and one dot ninety).More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 3, 2016 Author Share Posted August 3, 2016 FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More Information Daily Forex market review 3 August 2016 EUR/USD (Euro/dollar pair) - Today the United States will publish the reports on employment from ADP and business activity in the field of services from ISM. Taking into account the fast economic growth, both indicators may be better than the consensus forecast, which is positive for US dollar. - ADX indicator on the daily and 4-hours charts shapes the uptrend; whereas on the hourly chart it shows the downtrend. - RSI indicator on the 4-hours chart is in the overboughtness area and has formed a divergence there, which means the downtrend. - Recommendation: trade inside the flat 1.1150 -1.1210 (one dot eleven fifty - one twelve ten) . The next pair - GBP/USD (Pound/dollar) - In the afternoon, we will probably see the negative release on crude oil reserves from the US Department of Energy. It will put the oil under pressure and in this regard, we can see the demand in the US currency, as the cost of commodity is denominated in US dollars. - ADX indicator on the daily and 4-hours charts shows the flat; whereas on the hourly chart it shows the downtrend. - RSI indicator on the daily, 4-hours and hourly charts shows the flat - Recommendation: Open Sell trades at 1,3365 (one thirty three sixty five) and take profit at 1,3265 (one thirty two sixty five). And finally, USD/JPY (Dollar/Japanese Yen) - An outflow of capital from risky assets supported the Japanese yen as a funding currency. The day before, on US stock market, the index of "fear" VIX S&P500 grew by 7.4% (seven dot four per cent), which means the downtrend. - ADX Indicator on the monthly and weekly charts shows the downtrend; on the daily, 4-hours and hourly charts it shows the flat - RSI indicator on the daily and hourly charts shows the flat. - Recommendation: Open Sell trades at 101.30 (one hundred and one dot thirty) and take profit at 100.60 (one hundred sharply dot sixty) More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 4, 2016 Author Share Posted August 4, 2016 FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More Information Daily Forex market review 2 August 2016 EUR/USD (Euro/dollar pair) Spread between yield of 10 years' US and German bonds is expanded, which is negative for euro. Oil correction will be short-term and soon we will see another drop of quotations to the psychological level $40 per barrel, which is negative for euro, too. So, this is the downtrend. - ADX indicator on the 4-hours and hourly charts shows the downtrend. - RSI indicator on the hourly chart has formed a divergence and this was done in the oversoldness zone. So, it shows the uptrend on the hourly chart. - Recommendation: Open Sell trades at 1,1165 (one dot eleven sixty five) and take profit at 1,1100 (one dot eleven double zero). The next pair - GBP/USD (Pound/dollar) - The main event today will be announcement of results of the Bank of England's meeting on monetary policy. If the Bank of England cuts the rate, this may cause a fall of the British currency. If the rate remains at the same level, the pound may grow. - ADX indicator on the 4-hours and hourly charts shows the flat; on the hourly chart it shows the downtrend. - RSI indicator on the daily, 4-hours and hourly charts shows the flat. - Recommendation: If the Bank of England cuts the rate, we should open Sell positions so that take profit in 100 points. If the Bank of England does not cut the interest rate, we should open Buy position so that take profit in 50 points. And finally, USD/JPY (Dollar/Japanese Yen) - Today's trading results will be determined by the "risk appetite" of investors. On Wednesday, the shares of Deutsche Bank were excluded from the Euro Stoxx 50 index. The reason was a heavy drop of its capitalization. This is another wake-up call for players of the stock market as Deutsche Bank is a financial institution number one in Europe. So, this is the downtrend. - ADX indicator on a monthly and weekly charts shows the downtrend. On the hourly chart, it is the uptrend - On the hourly chart RSI indicator is approaching the oversoldness zone, which indicates that the upward correction is over. - Recommendation: Open Sell trades at 101.70 (one hundred and one seventy) and take profit at 101.00. ( (one hundred and one sharply) More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 5, 2016 Author Share Posted August 5, 2016 FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More Information Daily Forex market review 5 August 2016 EUR/USD (Euro/dollar pair) - If we see a total NPF figure above the 200 (two hundred thousand), that will be enough to strengthen the US currency. This result is very probable, because in July the number of applications for unemployment benefits fell to its lowest level since 1973 (nineteen seventy three), which means the downtrend. - ADX indicator on the daily and the hourly charts shows the uptrend; whereas on the 4-hours chart it shows the downtrend. - RSI on the daily, 4-hours and hourly charts shows the flat. - Recommendation: trade inside the flat 1,1080-1,1180 (one ten eighty – one eleven eighty). The next pair - GBP/USD (Pound/dollar) - The Bank of England has cut the key rate by 0.25% (zero dot twenty five per cent) and enhanced its QE program. It intends to lower the rate again later this year. GDP forecasts for 2016 - 2018 years were revised in the negative direction, which means the downtrend. - ADX indicator on the daily and 4-hours charts shows the flat; on the hourly chart it shows the downtrend. - RSI on the daily, 4-hours and hourly charts shows the flat. - There is a strong bearish candle formed on August 4, which means the downtrend. - Recommendation: Open Sell trades at 1,3145 (one thirty one forty five) and take profit at 1,3065 (one thirty one sixty five). And finally, USD/JPY (Dollar/Japanese Yen) - Global stock markets are growing, which should lift the pair, but traders ignored positive background. It indicates presence of a large number of sellers in the market, which means the downtrend. - ADX indicator on the daily and 4-hours charts shows the flat; whereas on the hourly chart it shows the downtrend. - RSI on the daily, 4-hours and hourly charts shows the flat - Recommendation: trade inside the flat 100,60-101,60 (one hundred dot sixty - one hundred and one sixty) More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 16, 2016 Author Share Posted August 16, 2016 Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 19, 2016 Author Share Posted August 19, 2016 An unique bonus from FreshForex company - "$1000 No deposit bonus" for all new clients!!! More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 22, 2016 Author Share Posted August 22, 2016 A unique bonus from the "FreshForex" company for all new clients - No Deposit bonus of $ 1000. Read more. Daily Forex market review 2 August 2016 EUR/USD (Euro/dollar pair) - Yield of the 10-years' German bonds (paragon bonds for the euro zone) has dropped against US and UK bonds, which usually is a negative factor for euro, whether it is paired with dollar and pound . So, it is the downtrend. - ADX indicator on the daily chart shows the uptrend; whereas on the 4-hours and hourly charts it is the downward trend. - RSI indicator on the hourly chart is heavily oversold, so this is a signal of an upward correction. - Recommendation: Open Sell trades at 1,1308 (one thirteen zero eight) and take profit at 1,1280 (one twelve eighty). The next pair - GBP / USD (Pound/dollar) - Yield of the 10-years' UK bonds is growing against US and German bonds. It makes investments in British assets more attractive. So, it is the uptrend. - ADX indicator on the daily and the hourly charts shows the flat; whereas on the 4-hours chart, the trend is downward. - RSI indicator shows the flat on the daily, 4-hours and hourly charts. - Recommendation: trade inside the flat 1.3015 -1.3095 (one thirty fifteen - one thirty ninety five) And finally, USD/JPY (Dollar/Japanese Yen) - An outflow of capital from risky assets indicates a downtrend, because the capital will go to the yen as a funding currency Number One in the carry trade operations. So, it is the uptrend. - ADX indicator on the daily and hourly charts shows the flat; whereas on the 4-hours chart, the trend is downward. - RSI indicator on the daily and hourly charts shows the flat; on the 4-hours chart, the trend is down. - Recommendation: trade inside the flat 100,20-101,20 (one hundred sharply dot twenty - one hundred and one dot twenty). More information Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted August 25, 2016 Author Share Posted August 25, 2016 A unique bonus from the "FreshForex" company for all new clients - No Deposit bonus of $ 1000.Read more. Daily Forex market review 25 August 2016 Currency market review for August twenty fifth EUR/USD (Euro/dollar pair) Release by the IFO institute can be a little worse than it was expected. The reason is that PMI composite index by Markit institution was released below the median forecast. Sales in the commodity market usually support US dollar, becase the cost of commodities is denominated in US currency. Thus, the trend is downward. - ADX indicator on the daily chart shows the uptrend; whereas on the 4-hour chart and hourly charts it shows the flat. - RSI indicator on the daily, 4-hours and hourly charts shows the flat. - Recommendation: trade inside the flat 1.1245 -1.1295 (one twelve forty five - one twelve ninety five) (which corresponds to the Bollinger bands range on the hourly chart) The next pair - GBP / USD (Pound/dollar) - On the one hand, yield of the 10-years UK bonds is growing against US and German bonds, which is positive for the pound. On the other hand, yesterday oil closed the day in the "red zone", and the negative trend is still relevant, which will put the pair GBP/USD under pressure. Thus, it is the flat. - ADX indicator on the daily and hourly charts shows the flat; on the 4-hours chart it is the uptrend. - RSI indicator on the daily, 4-hours and hourly charts shows the flat. - Recommendation: trade inside the flat 1.3200 - 1.3265 (one thirty two double zero - one thirty two sixty five) (which corresponds to the Bollinger bands range on the hourly chart) And finally, USD/JPY (Dollar/Japanese Yen) - Growth of the index of fear VIX by 8.6% (eight dot six per cent) for the third trading day in a row signals a possible inflow of capital into safe assets, which usually the Japanese yen is related to. Thus, the trend is downward. - Both indicators – ADX and RSI - show the flat on the daily, 4-hours and hourly charts. - Recommendation: Open Sell trades at 100,55 (one hundred dot fifty five) and take profit at 100,15 (one hundred dot fifteen). More information Link to comment Share on other sites More sharing options...
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Volkov Yuriy Posted October 6, 2016 Author Share Posted October 6, 2016 Link to comment Share on other sites More sharing options...
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Volkov Yuriy Posted November 1, 2016 Author Share Posted November 1, 2016 Crude oil supported at 48.51 Gold weekly review Weekly Review: The yellow metal continues to consolidate within the contracting triangular formation. As long as the metal trades within this wedge, we expect a possible bullish price movements towards $1307 or even higher. A clear breakout below the lower trend line forming bottom of the wedge could culminate into a possible bearish price movements $1244 or even lower. This commodity should be traded alongside gold, only remain long in gold if silver is giving the same signal, any serious discrepancy between their price action could mean we're standing aside. Trade Recommendation: As long as the commodity trades within the rising wedge, remain long. Any clear breakout below the wedge will mean looking for short positions with an ideal target at $1244. Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/week_1878.html Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted November 28, 2016 Author Share Posted November 28, 2016 Euro in a corrective mode 28 November 2016, EUR/USD Wave Analysis: Earlier today, Euro gapped above a key resistance level 1.06087, headed long but is currently retreating towards it. We expect the level 1.06513 to have marked the end of the impulsive wave (3) that the current downward rally is the unfolding of the corrective wave (4) and must not go beyond the end of wave (1) from where we'll be looking to buy the next motive wave (5) towards 1.0724. In the meantime, we choose to remain short with the corrective wave (4) towards 1.10687 Expect a similar wave count in NZD/USD, AUD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96% and will have a similar price action during intaday. Trade recommendations: Expect a possible bearish price rally towards 1.06087 Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84083.html Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted January 12, 2017 Author Share Posted January 12, 2017 Possible triple top formation 12 January 2017, EUR/USD Wave Analysis: Yesterday, instead of going short as forecasted, the pair retraced to the upper side and is currently in a process of a triple top formation with the top being around 1.06122. We expect a possible bearish rebound from this level to culminate into a bearish wave count towards 1.054 or even lower to 1.0389. Buy positions may only be reconsidered above the previous day's highest high. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +0.86% and will have a similar price action during this intraday. Only buy or sell euro if the other pairs are giving the same signal. Trade Recommendations: Expect a possible rebound around 1.06122 to go short with an ideal target at 1.05405. Buy positions are only recommended above 1.062 Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84580.html Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted January 19, 2017 Author Share Posted January 19, 2017 Possible triple top formation 12 January 2017, EUR/USD Wave Analysis: Yesterday, instead of going short as forecasted, the pair retraced to the upper side and is currently in a process of a triple top formation with the top being around 1.06122. We expect a possible bearish rebound from this level to culminate into a bearish wave count towards 1.054 or even lower to 1.0389. Buy positions may only be reconsidered above the previous day's highest high. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +0.86% and will have a similar price action during this intraday. Only buy or sell euro if the other pairs are giving the same signal. Trade Recommendations: Expect a possible rebound around 1.06122 to go short with an ideal target at 1.05405. Buy positions are only recommended above 1.062 Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84580.html Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted January 26, 2017 Author Share Posted January 26, 2017 Euro bound within the range 1.0722-1.0771 26 January 2017, EUR/USD Wave Analysis: Following the break above 1.0712, Euro entered into a consolidation not going above 1.0771 or below 1.0712. As long as this pair trades within this equilibrium zone, we choose to trade reversals from from these levels. Any clear break breakout above this zone will mean we're continuing long with impulsive wave (5) towards 1.084 while a break below 1.0712 may invalidate the anticipated upward rally and could push the price lower to 1.06177 or even lower to 1.0548. A clear break above 1.0771 in the EURUSD chart will mean a break below 112.54 in the USDJPY chart. These two pairs, eurusd & usdjpy, have a strong negative correlation and will have an exact opposite price action during this intraday. Only buy or sell euro if usdjpy is giving you an exact opposite signal. Trade Recommendations: Expect a possible break above 1.0771 to go long with an ideal target at 1.084 Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84745.html Link to comment Share on other sites More sharing options...
Volkov Yuriy Posted February 9, 2017 Author Share Posted February 9, 2017 Looking to rebuy the green candle 09 February 2017, EUR/USD Wave Analysis: Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday. Trade Recommendations: As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059. Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84887.html Link to comment Share on other sites More sharing options...
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