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  • GOLD: rising during a disaster – FBS

    Time to worry: Simply put, things are getting worse. The virus keeps spreading, people keep dying, the Chinese economy is close to partial paralysis, the global market is scared. Amidst all this, gold keeps rising in value. In fact, it just woke up for the crisis alert. Have a look at an interesting dynamic visible at ...
  • Levels to trade USD/MXN – FBS

    The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September. On Thursday, the price closed above 18.78 (50-day MA). The targets for the correction lie in the 19.015/038 area (100-day MA, the presumed point D of a harmonic “Crab” pattern). Notice, however, that buying ...
  • Forex Trade Signals GBP/USD Tests The Downside -FBS

    GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950. On Wednesday, the pair closed below the 200-day MA (currently at 1.2936). As long as it is trading below this level, the technical picture will remain bearish. There may be some support at ...
  • How low will EUR/USD sink? – FBS

    Economic problems in the euro area: Even if you don’t follow the European news closely, you’ve still probably heard that the region’s economy is going through difficult times. In February, there were many disappointing releases: retail sales contracted by 1.6%, and industrial production fell by 2.1%. Germany, which is the leading economy of the euro area, ...
  • Fundamental Analysis – JPY: Troublesome Times – FBS

    On the outside: We have left the JPY aside for a while, and now it is time to take it back from the shelve and see what’s happening in the Country of the Rising Sun. Unfortunately, nothing promising. Clearly, the extent of trade ties with China puts Japan in the frontline to suffer the damage ...
  • PALLADIUM: $500 to $2,500 – FBS

    Key indicators: Performance in 2020: +33%, Last day range: $2,506 – $2,592, 52-week range: $1,267 – $2,592 What’s happening? Nothing special, just palladium used to trade at $500 per ounce five years ago, and recently it reached $2,500. Few items in Forex show a similar rising dynamic, if any. Currently, the metal trades at $2,592, which is an all-time ...
  • Trade Signals: NZD/USD: a short-term idea – FBS

    Forex Analysis – NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern. The advance above the neckline at 0.6400 will open the way up to the 0.6415/20 area, where it will once again meet resistance. This is where it ...
  • GOLD: up to $1,600? – FBS

    Key indicators: Performance in 2020: +4.6%, Last day range: $1,578 – $1,584, 52-week range: $1,265 – $1,612 Will gold rise back to $1,600? Gold trades at $1,585 per ounce – that’s almost as high as it was at the beginning of February, when the unfolding story of the Coronavirus was at the peak level of tension. Today, even with ...
  • Fundamental Analysis – TRY: Questionable Grounds – FBS

    Currency pair of the day: USD/TRY- Performance in 2020: +1.6%, Last day range: 6.0177 – 6.0521, 52-week range:  5.2863 – 6.2860 TRY: 10 years of losing against the USD: The Turkish lira is depreciating against the US dollar. In fact, that has been the case for more than 10 years, with the exception of the second part of 2018. The ...
  • How to trade WTI oil – FBS

    WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one. If the price rises above 52.35, it will likely push up to 53.00 (23.6% Fibonacci retracement of the 2020 decline). The Awesome Oscillator on the D1 is bullish. On the H4, the price has managed to overcome ...
  • GBP/USD Rate Rebound Undermined by Bearish – DailyFX

    BRITISH POUND TALKING POINTS: GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December. TECHNICAL FORECAST FOR BRITISH POUND: BEARISH: GBP/USD has reversed course ahead of the November low (1.2769), with ...
  • Technical Analysis: USD/MXN: tricky fundamentals – FBS

    Key indicators: Performance in 2020: -2%, Last day range: 18.5657 – 18.6048, 52-week range: 18.5680 – 20.2528 What’s happening? The USD trades at 18.5740 against the Mexican peso – that’s the lowest the USD/MXN has been to since October 2018. Wait. Peso? Yes, the Mexican peso. Unfortunately, time and intensity of global events, like the Coronavirus disturbing the world, do not let ...
  • Technical Analysis: EUR/GBP: the battle is on – FBS

    Key indicators: Performance in 2020: -1.7%, Last day range: 0.8296 – 0.8388, 52-week range: 0.8276 – 0.9324 What’s happening? EUR/GBP is falling. Why? Mainly, for the same reason, the EUR/USD is falling. During our analysis, we saw that there are multiple reasons for the USD to get stronger and none for the EUR. Almost the same applies to the ...
  • EUR/USD: as low as three years ago – FBS

    Key indicators: Performance in 2020: -2.6%, Last day range: 1.0862-1.0923, 52-week range: 1.0862-1.1338 Where does the support level come from? It comes from spring 2017, almost three years ago. That’s how low the EUR/USD trades now. Therefore, if things keep going as they do now for this currency pair, you will have to hang your support levels ...
  • GOLD: rising during a disaster – FBS

    Time to worry: Simply put, things are getting worse. The virus keeps spreading, people keep dying, the Chinese economy is close to partial paralysis, the global market is scared. Amidst all this, gold keeps rising in value. In fact, it just woke up for the crisis alert. Have a look at an interesting dynamic visible at ...
  • Levels to trade USD/MXN – FBS

    The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September. On Thursday, the price closed above 18.78 (50-day MA). The targets for the correction lie in the 19.015/038 area (100-day MA, the presumed point D of a harmonic “Crab” pattern). Notice, however, that buying ...
  • Forex Trade Signals GBP/USD Tests The Downside -FBS

    GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950. On Wednesday, the pair closed below the 200-day MA (currently at 1.2936). As long as it is trading below this level, the technical picture will remain bearish. There may be some support at ...
  • Trade Signals: NZD/USD: a short-term idea – FBS

    Forex Analysis – NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern. The advance above the neckline at 0.6400 will open the way up to the 0.6415/20 area, where it will once again meet resistance. This is where it ...
  • GOLD: up to $1,600? – FBS

    Key indicators: Performance in 2020: +4.6%, Last day range: $1,578 – $1,584, 52-week range: $1,265 – $1,612 Will gold rise back to $1,600? Gold trades at $1,585 per ounce – that’s almost as high as it was at the beginning of February, when the unfolding story of the Coronavirus was at the peak level of tension. Today, even with ...
  • How to trade WTI oil – FBS

    WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one. If the price rises above 52.35, it will likely push up to 53.00 (23.6% Fibonacci retracement of the 2020 decline). The Awesome Oscillator on the D1 is bullish. On the H4, the price has managed to overcome ...
  • Forex Market Analysis: EUR/NZD: where to sell? – FBS

    EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs. The decline of the pair was caused by the weakness of the EUR because of the euro area’s low economic figures and the strength of the NZD after the policy meeting of the Reserve Bank of New Zealand. ...
  • Forex Analysis: WTI wants to recover – FBS

    WTI oil has found support in the 49.35 area for the second time this February. As concerns about the coronavirus ease, oil got a chance to recover. The price is currently testing the resistance of 50.80 (the area of the 2019 lows and the 50-period MA on the H4). The Awesome Oscillator on the H4 ...
  • AUD/CHF: levels to trade – FBS

    AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern. It has support around 0.6543 and may rise to the area between 0.6572 and 0.6582, where it will meet resistance (100-period MA on the H4, the line connecting January 29 and February highs). From that point, the possibility ...
  • NZD/USD is targeting lower levels – FBS

    NZD/USD has met the resistance of the 200-day MA earlier this week (0.6500) and closed below the 100-day MA (0.6460) on Thursday. The pair resumed the downtrend as it got to the lowest levels since the start of December. The odds are that the price will be drawn to lower levels in the 0.6415/00 area ...
  • AUD/USD is driven by the news – FBS

    The Australian dollar will be quite volatile in the upcoming sessions. The near-term pressure on the Australian currency is related to worse-than-expected retail sales and trade balance figures released in Australia on Thursday. Earlier this week, comments of country’s central bank, on the contrary, had pushed AUD/USD up from the 2019 lows. The RBA Governor ...
  • EUR/GBP can get higher -FBS

    Forex Analysis – The British pound is hurt by concerns that Britain would reach the end of an 11-month transition period without agreeing a trade deal with the EU. EUR/GBP formed an interim bottom in the 0.8930 area and closed above the 50-day MA at 0.8490 on Monday. If the pair breaks above the 61.8% ...
  • EUR/NZD Has A Lot Of Potential – FBS

    Last week EUR/NZD made a triumphant comeback to the upside. The pair rose above the 50- and 100-week MAs in the 1.7000/7025 area. It retraced 50% Fibonacci of the October-December decline (1.7160). This level is currently providing resistance: to resume growth, the euro has to overcome this obstacle. Of that happens, the next target will ...
  • PALLADIUM: $500 to $2,500 – FBS

    Key indicators: Performance in 2020: +33%, Last day range: $2,506 – $2,592, 52-week range: $1,267 – $2,592 What’s happening? Nothing special, just palladium used to trade at $500 per ounce five years ago, and recently it reached $2,500. Few items in Forex show a similar rising dynamic, if any. Currently, the metal trades at $2,592, which is an all-time ...
  • GBP/USD Rate Rebound Undermined by Bearish – DailyFX

    BRITISH POUND TALKING POINTS: GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December. TECHNICAL FORECAST FOR BRITISH POUND: BEARISH: GBP/USD has reversed course ahead of the November low (1.2769), with ...
  • Technical Analysis: USD/MXN: tricky fundamentals – FBS

    Key indicators: Performance in 2020: -2%, Last day range: 18.5657 – 18.6048, 52-week range: 18.5680 – 20.2528 What’s happening? The USD trades at 18.5740 against the Mexican peso – that’s the lowest the USD/MXN has been to since October 2018. Wait. Peso? Yes, the Mexican peso. Unfortunately, time and intensity of global events, like the Coronavirus disturbing the world, do not let ...
  • Technical Analysis: EUR/GBP: the battle is on – FBS

    Key indicators: Performance in 2020: -1.7%, Last day range: 0.8296 – 0.8388, 52-week range: 0.8276 – 0.9324 What’s happening? EUR/GBP is falling. Why? Mainly, for the same reason, the EUR/USD is falling. During our analysis, we saw that there are multiple reasons for the USD to get stronger and none for the EUR. Almost the same applies to the ...
  • EUR/USD: as low as three years ago – FBS

    Key indicators: Performance in 2020: -2.6%, Last day range: 1.0862-1.0923, 52-week range: 1.0862-1.1338 Where does the support level come from? It comes from spring 2017, almost three years ago. That’s how low the EUR/USD trades now. Therefore, if things keep going as they do now for this currency pair, you will have to hang your support levels ...
  • Currency pair of the day: USD/BRL – FBS

    Currency pair of the day: USD/BRL Performance in 2020: +7.6% Day range: 4.2986-4.3400 52-week range: 3.6922-4.3400 Technical levels Resistance 4.3500 Support 4.3140 Brazil: what’s happening? Internally On February 5, the Central Bank of Brazil cut the interest rate to an all-time low of 4.25. In the short-term, that pushes the USD (even more) up against the BRL. In the long-term, that indicates economic weakness ...
  • Forex Technical Analysis – AUD: the Chinese connection – FBS

    Partners So you reached an advanced level of trading currencies and started picking challenges for yourself, such as “I want to trade news about China but I don’t want trade CNH”. Is that your desire? No problem, Forex can make it come true. Trade the Australian dollar. You don’t see a link? Have a look. The above ...
  • IBM stock: fighting gravity – FBS

    In the meantime While Tesla stock is in a recoil trying to get over $1000 per share, have a look at IBM. Recently, it broke through $153 (September-2018 resistance) after leaving the 200-MA below. Also, 50-MA is crossing 100-MA upwards, which is normally a reliable alert to prepare for buying, if the following trend confirms this ...
  • How low will EUR/USD sink? – FBS

    Economic problems in the euro area: Even if you don’t follow the European news closely, you’ve still probably heard that the region’s economy is going through difficult times. In February, there were many disappointing releases: retail sales contracted by 1.6%, and industrial production fell by 2.1%. Germany, which is the leading economy of the euro area, ...
  • Fundamental Analysis – JPY: Troublesome Times – FBS

    On the outside: We have left the JPY aside for a while, and now it is time to take it back from the shelve and see what’s happening in the Country of the Rising Sun. Unfortunately, nothing promising. Clearly, the extent of trade ties with China puts Japan in the frontline to suffer the damage ...
  • Fundamental Analysis – TRY: Questionable Grounds – FBS

    Currency pair of the day: USD/TRY- Performance in 2020: +1.6%, Last day range: 6.0177 – 6.0521, 52-week range:  5.2863 – 6.2860 TRY: 10 years of losing against the USD: The Turkish lira is depreciating against the US dollar. In fact, that has been the case for more than 10 years, with the exception of the second part of 2018. The ...
  • INTEL stock: a dinosaur’s story – FBS

    40 years We are continuing our line of reviews of the IT industry companies stocks, and Intel surely cannot be left aside. See the chart below. That’s what the 40-year story looks like. Of course, you immediately see the peak of the year 2000 asking “What happened there?”. You will be surprised to know – nothing as ...
  • SAUDI ARAMCO stock: desert rose – FBS

    All quiet in Baghdad There are certain ways the market reacts to world events. For example, in times of increased uncertainty or a military conflict (as long as these have a global effect), Forex sees risk currencies get suppressed and lose value. That is because they get abandoned by investors favoring safe-haven assets in pessimistic scenarios. ...
  • NFP: the easy steps for big gains – FBS

    The market awaits the big moves on the release of American job data at 15:30 MT time.  This term comprises important indicators related to the employment of the United States: unemployment rate, average hourly earnings and, of course, non-farm employment change (non-farm payrolls). Together, these indicators provide ideal fuel for making the USD highly volatile. Why trade on the ...
  • Oil and coronavirus: will OPEC help? – FBS

    The beginning of the year was promising for the oil market. US-Iran tensions boosted both major crude benchmarks. Brent touched the highs of September 2019, WTI was at the levels of May 2019. However, the coronavirus caused a plunge of the recently recovered oil. We will consider the reasons behind that and make forecasts for the ...
  • S&P 500: is the grand reversal knocking? – FBS

    The last week of January was quite shaky for the markets, as the news on coronavirus pushed investors to buy safe-haven assets and Treasuries and selling the risky assets. The outbreak was followed by the quarantine in Chinese Wuhan and businesses quickly closing their divisions in China.  A sharp sell-off triggered by the risk-off sentiment ...
  • Oil: sliding down – FBS

    Still bright? “2020 looks like it has upside potential that will also defy some of the gloomy predictions” – these were the words of the OPEC Secretary-General Mohamed Barkindo in November. He added that time that he saw brighter spots in the nearest future for the cartel. A month later, during the OPEC meeting on December 5, ...
  • Daily Forex Fundamental Analysis 11-12-2019 – MultiBankGroup

    Market Briefing • Chinese officials expect President Donald Trump to delay a threatened tariff increase set for Sunday, giving more time to negotiate an interim trade deal that both sides continue to insist is close to fruition despite a series of missed deadlines, according to people familiar with the discussions. • U.S. stocks turned lower in late ...