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TifiaFX

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  1. EUR/USD: Current dynamics and recommendations 08/16/2019 With the opening of today's trading day, Eurodollar is again declining. Market participants are preparing for the next ECB meeting in September and new stimulus measures by the European Central Bank. According to Olli Rehn, member of the ECB Governing Council, the European Central Bank at its meeting in September will announce a substantial stimulus package that will exceed investor expectations. The ECB is likely to announce a 0.1% reduction in the key interest rate, which is now -0.4%, as well as an allocation of about 50 billion euros per month for additional bond purchases under the quantitative easing program. Published disappointing economic data from China and Germany this week, as well as positive macro data from the United States, made market participants even more doubt the prospects for global economic growth, and also again updated the attractiveness of American assets and a more stable state of the US economy. According to official data released on Thursday, US retail sales in July rose 0.7% (forecast was + 0.3%). Retail sales data are encouraging regarding the US economy, that remains demand for US assets and the dollar. Today (at 14:00 GMT) the University of Michigan consumer confidence index (preliminary release for August) will be published, which reflects the confidence of American consumers in the country's economic development. It is expected that this indicator will come out in August with a value of 97.7 (against 98.4 in July), which could negatively affect the dollar (in the short term) due to a relative decrease in the indicator. Data better than expected will certainly support the dollar, and will put additional pressure on EUR / USD. Below the resistance levels of 1.1305 (ЕМА200 on the daily chart), 1.1285 (Fibonacci level 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014), long-term negative dynamics persist. In the current situation, short positions look relevant and safer, and the reduction targets are located at support levels 1.1000, 1.0000. You can return to purchases as part of the corrective growth of EUR / USD only after fixing the price in the zone above the short-term resistance level of 1.1160 (ЕМА200 on the 1-hour chart). Support Levels: 1.1070, 1.1000, 1.0000 Resistance Levels: 1.1125, 1.1160, 1.1190, 1.1245, 1.1260, 1.1285, 1.1305 Trading Recommendations Sell by market. Stop-Loss 1.1130. Take-Profit 1.1070, 1.1000, 1.0000 Buy Stop 1.1130. Stop-Loss 1.1060. Take-Profit 1.1160, 1.1190, 1.1245, 1.1260, 1.1285 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  2. NZD/USD: dynamics and recommendations 08/15/2019 Since the opening of today's trading day, the American dollar has been declining. At the beginning of today's European session, DXY dollar index futures are trading near 97.70, 12 pips below the opening price of today's trading day. Meanwhile, commodity currencies, including the New Zealand dollar, also remain under pressure amid a worsening trade war between the US and China. New Zealand's export-oriented economy is extremely vulnerable amid escalating trade war between the US and China. Last week, the RBNZ cut the rate by 50 bp to 1.00%, explaining this decision by the worsening trade war between the US and China and the loss of momentum in the New Zealand economy. RBNZ leaders believe that wage growth remains weak. At the same time, inflationary expectations are falling, and low levels of business confidence indicate a slowdown in hiring and wage growth. There is growing concern among participants in international financial markets that the slowdown in economic growth and the threat of recession will spread to the whole world, including China, the United States, and their trade and economic partners. It can be assumed that the global cycle of rate cuts will gain momentum in the next few months. In the current situation, further easing of the monetary policy of the RB of New Zealand should be expected, which is a strong negative factor for NZD. Currently, NZD / USD is trading near the level and the local support level of 0.6430 (October 2018 lows). A breakdown of this level will provoke a further decrease in NZD / USD with targets at support levels of 0.6400, 0.6300, 0.6260 (Fibonacci level of 0% and minimums of the global wave of pair decline from the level of 0.8820). Short positions are preferable, unless, of course, the Fed also begins to aggressively lower the interest rate amid ongoing events in the financial markets. Below the resistance level of 0.6680 (ЕМА200 on the daily chart), the bearish trend NZD / USD prevails. Support Levels: 0.6430, 0.6400, 0.6300, 0.6260 Resistance Levels: 0.6480, 0.6570, 0.6635, 0.6680, 0.6700, 0.6790 Trading Scenarios Sell by market. Stop-Loss 0.6490. Take-Profit 0.6400, 0.6300, 0.6260 Buy Stop 0.6510. Stop-Loss 0.6460. Take-Profit 0.6570, 0.6600, 0.6680 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  3. AUD/USD: Current dynamics and recommendations 08/14/2019 As reported by the Australian Bureau of Statistics on Wednesday, the wage index in the 2nd quarter grew by 0.6% and by 2.3% in annual terms. The forecast was + 0.5% and + 2.2%, respectively. The data were better than expected. However, this is not enough to accelerate inflation. RBA Governor Philip Lowe called slower wage growth and productivity a major economic challenge. Earlier this month, RB of Australia left the key interest rate at a record low of 1%, but gave a pessimistic forecast for the economy. RBA managing director Philip Lowe lowered the forecast for Australia's GDP growth in 2019 to 2.5% from 2.75% and added that unemployment is expected to drop to about 5% in the next two years. According to the RBA management, for the growth of salaries and acceleration of inflation to the target range, an unemployment rate of 4.5% or lower is required. Now unemployment is at the level of 5.2% and is gradually growing, but not decreasing, and the return of inflation to the middle of the target range of 2% -3% is not visible even on a distant horizon. "It is reasonable to expect that a long period of low interest rates will be required to progress towards lowering unemployment and achieve steady progress towards the target inflation rate", Lowe said after an RBA meeting in August. On Thursday (01:30 GMT) data from the Australian labor market will be published. Most likely, in July unemployment remained unchanged at 5.2%. The expectation of further easing of the monetary policy of the RBA puts pressure on the AUD in the direction of its further weakening. Meanwhile, the US dollar strengthened on Tuesday after the publication of data on consumer inflation in the United States, which turned out to be better than forecast, and after the White House announced that it would postpone the introduction of new tariffs on imports of some Chinese goods until December 15. At the beginning of the European session on Wednesday, the pair AUD / USD is trading near the level of 0.6760. Negative dynamics prevails. Entry into short positions is allowed "by the market". A possible correctional increase to the resistance levels of 0.6795 (ЕМА200 on the 1-hour chart), 0.6830, 0.6865 (May lows), 0.6885 (ЕМА200 on the 4-hour chart) will be an additional opportunity to resume sales of this currency pair. We can return to the consideration of long positions only after the growth of AUD / USD to the zone above the resistance level of 0.6885 with targets located no higher than the key resistance level of 0.7050 (ЕМА200 on the daily chart). In case of resumption of decline, the targets will be the support levels 0.6680, 0.6600. The distant target is located at support levels of 0.6260, 0.6000 (lows of 2008 - 2009). Support Levels: 0.6745, 0.6700, 0.6680, 0.6600, 0.6300 Resistance Levels: 0.6795, 0.6830, 0.6865, 0.6885, 0.7000, 0.7050 Trading Recommendations Sell by market. Sell-Limit 0.6795, 0.6825. Stop-Loss 0.6840. Take-Profit 0.6700, 0.6680, 0.6600, 0.6300 Buy Stop 0.6840. Stop-Loss 0.6790. Take-Profit .6865, 0.6885, 0.7000, 0.7050 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  4. EUR/USD: what awaits Eurodollar 08/13/2019 After the ECB signaled in July that it was ready to soften its monetary policy, EUR / USD hit a new annual low near 1.1100, but then adjusted to current levels. Since the opening of today's trading day, the Eurodollar has moderately decreased, while continuing to trade in the range near the short-term support level of 1.1185 (ЕМА200 on the 1-hour chart) and short-term resistance level of 1.1200 (ЕМА200 on the 4-hour chart). Expectations of further easing of the monetary policy of the ECB put pressure on the euro and the pair EUR / USD. It is likely that at the ECB meeting on September 12 a whole package of measures will be taken, including a 0.25% reduction in the interest rate and a restart of the quantitative easing program worth 2.6 trillion euros. At the same time, despite Trump's criticism of the Fed and its monetary policy, and the expectation of a Fed rate cut, the dollar continues to be in demand among investors. Underestimated risks that the UK will leave the European Union on October 31 without any agreement on Brexit, political and economic differences within Eurozone, as well as the accelerating devaluation of national currencies in a number of countries (at the beginning of the month there are three central banks at once - India, Thailand, New Zealand - reduced interest rates), only add the negative in relation to the mood of the business. Investors are concerned about the escalation of the trade conflict between the US and China (from September 1, the US is expected to introduce new 10% import duties on Chinese goods). On the other hand, the American economy looks more stable in comparison with other major world economies and continues to grow, which causes an influx of investment in American assets and the dollar. Below the resistance levels 1.1315 (ЕМА200 on the daily chart), 1.1285 (Fibonacci level 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014), long-term negative dynamics persist. An upward correction is also possible, but so far no higher than the resistance levels of 1.1245 (the upper line of the descending channel on the daily chart and the highs of August), 1.1270 (ЕМА144 on the daily chart). Support Levels: 1.1185, 1.1125, 1.1070, 1.1000 Resistance Levels: 1.1200, 1.1245, 1.1270, 1.1285, 1.1315 Trading Scenarios Sell by market. Stop-Loss 1.1250. Take-Profit 1.1125, 1.1070, 1.1000 Buy Stop 1.1250. Stop-Loss 1.1190. Take-Profit 1.1270, 1.1285, 1.1315 [img]https://i.postimg.cc/FKswwNHV/130819-DXY.png[/img] [img]https://i.postimg.cc/sXH6khNV/130819-EU-D.png[/img] [img]https://i.postimg.cc/d37HwVbG/130819-EU-H1.png[/img] *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  5. S&P500: Current Dynamics and Recommendations 08/12/2019 In July, the S&P500 rose to record highs near 3028.0, which is about 22% higher than the opening price at the beginning of the year. The growth of US stock indexes was contributed by the expectations of lower interest rates by the Fed and the positive macro statistics coming from the USA. However, investors' concerns about the slowdown in global economic growth and the aggravation of trade confrontation between the US and China caused a sharp increase in volatility in world stock markets and a drop in indices. After sharp fluctuations, all three leading US indices finished the week with a decline of about 1%. S&P500 completed last week at around 2918.0. "We are not ready to conclude an agreement, but we'll see how everything goes", Trump told reporters on Friday. "We'll see if China meets with us in September". During today's Asian session, the S&P500 and other major US stock indexes rose, but fell again at the beginning of the European session. Thus, S&P500 futures are trading at the beginning of the European session on Monday near the level of 2907.0, 14 points below the opening price today. The S&P500 futures are trading below resistance levels at 2944.0 (ЕМА200 on the 4-hour chart), 2934.0, 2920.0 (ЕМА200 on the 1-hour chart). Below the short-term resistance level of 2920.0, short positions with targets located near the support levels of 2845.0 (ЕМА200 on the daily chart), 2865.0 (Fibonacci level 23.6% of the correction to growth since December 2018 and mark 2335.0) are preferable. Above these support levels, the S&P500 bullish trend remains. The breakdown of support levels 2845.0, 2865.0 can trigger a deeper decline to support levels 2765.0 (Fibonacci 38.2%), 2680.0 (Fibonacci 50%). You can return to shopping after fixing the S&P500 in the zone above the resistance level of 2944.0. Support levels: 2900.0, 2865.0, 2845.0, 2765.0, 2730. 2680.0 Resistance Levels: 2920.0, 2934.0, 2944.0, 2965.0, 3000.0, 3028.0 Trading recommendations Sell by market. Stop-Loss 2945.0. Goals 2900.0, 2865.0, 2845.0, 2800.0 Buy Stop 2945.0. Stop-Loss 2910.0. Goals 2965.0, 3000.0, 3028.0, 3100.0, 3200.0 [img]https://i.postimg.cc/2Sxbqg1q/120819-10-Y.png[/img] [img]https://i.postimg.cc/nLcsqTm3/120819-S500-D.png[/img] [img]https://i.postimg.cc/dVFZVJVP/120819-S500-H1.png[/img] *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  6. WTI: negative momentum prevails 08/09/2019 Global financial markets remain under pressure from intensified international trade conflicts, primarily between the United States and China. The oil market does not stand aside. Oil prices are actively declining, having lost about 25% over the past 12 months. Last Thursday, the price reached a new 7-month low near $ 50.47 per barrel of WTI crude oil after Donald Trump announced the introduction of new duties on the import of Chinese goods into the United States. The trade conflict between the United States and China reached a new level when Chinese authorities announced retaliation. In particular, Beijing banned Chinese state-owned companies from buying soybeans in the United States, and the People's Bank of China lowered the RMB to dollar exchange rate below 7.0000. The oil market received an additional negative impetus after last Wednesday the US Department of Energy’s Energy Information Administration reported an increase in oil reserves in the country last week (+2.385 million barrels, while oil reserves were expected to fall by 2.845 million barrels). The fall in oil prices indicates an increase in investor anxiety about the state of the global economy, which continues to negatively affect financial markets. The breakdown of the support level of 50.30 (Fibonacci level 23.6% of the upward correction to the fall from the highs of the last few years near the level of 76.80 to the level of support near the mark of 42.15) and a further decrease will mean the return of WTI oil prices to the global bearish trend. In this case, the preliminary reduction targets will be located at the support level of 42.15 (Fibonacci level of 0% and December 2018 lows). In an alternative scenario, the signal to resume purchases will be a breakdown of the short-term resistance level 54.40 (ЕМА200 on the 1-hour chart) and growth into the zone above the resistance level 55.40 (Fibonacci 38.2%) with targets at the resistance level 58.80 (ЕМА200 on the daily chart). Fixing the price in the zone above the resistance level of 59.50 (Fibonacci level of 50%) will speak about the resumption of the bull trend. On Friday, oil market participants will follow the publication (at 17:00 GMT) of the weekly report of the American oilfield services company Baker Hughes on the number of active drilling rigs in the United States. Previous reports indicated a decrease in the number of active oil platforms in the United States, to 770 units at the moment. If the report again indicates a decrease in the number of such installations, then this may give a short-term positive impetus to prices. However, a strong negative momentum prevails. Short positions are preferred. Support Levels: 50.30, 49.00, 42.15 Resistance Levels: 54.40, 55.40, 56.80, 58.00, 59.50, 60.90, 63.50, 64.40, 66.50 Trading Scenarios Sell Stop 51.85. Stop-Loss 53.75. Take-Profit 50.30, 49.00 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  7. AUD/USD: downward dynamics prevails 08/08/2019 Current Dynamics The escalation of the trade war between the United States and China has strengthened expectations of a worsening situation in world international trade and the economy. The growth of fears about this caused a collapse of stock quotes and indices on world stock markets. Demand for safe haven assets, such as government bonds, yen, gold, has risen sharply. On Wednesday, gold prices exceeded $ 1,500 an ounce for the first time in six years. Since the beginning of the month, prices have increased by 6.9%, and from the end of May - by 15%. Yields on 10-year US Treasury bonds fell on Wednesday to 1.595% from 1.864% on Friday, to the lowest level since October 2016. Last Wednesday, interest rates fell immediately by three central banks (India, New Zealand and Thailand). On Wednesday, the RBNZ lowered its official interest rate by 0.50% to 1.00%, which was the second rate cut this year. As follows from the text of the RBNZ statement, "global economic activity continues to weaken ... increased uncertainty and reduced international trade contribute to lower economic growth in the trading partner countries ... and central banks relax monetary policy to support their economies". The RBA last Tuesday left the key interest rate at a record low of 1%, but gave a pessimistic forecast for the economy. "It is reasonable to expect that a long period of low interest rates will be required to progress towards lowering unemployment and achieve steady progress towards the target inflation rate", Philip Lowe said on Tuesday. At 23:30 (GMT) on Thursday, Lowe will begin speaking with members of the parliamentary committee on economics. If he points out that the key rate needs to be lowered again, then the Australian dollar will again be under pressure. In this case, the pair AUD / USD will again go “south” as part of a global downtrend. At the beginning of the European session, the pair AUD / USD is trading near the level of 0.6787, correcting after falling on Wednesday. Nevertheless, negative dynamics prevail, despite the correction. It is likely that the current position of AUD / USD and growth to the levels of 0.6800, 0.6816, 0.6830 will be a good opportunity to resume sales of this currency pair. We can return to the consideration of long positions only after the growth of AUD / USD to the zone above the resistance level of 0.6910 (EMA200 on the 4-hour chart) with targets not higher than the key resistance level of 0.7065 (EMA200 on the daily chart). In case of resumption of decline, the targets will be the support levels 0.6680, 0.6600. The distant target is located at support levels of 0.6260, 0.6000 (lows of 2008-2009). Support Levels: 0.6745, 0.6700, 0.6680, 0.6600, 0.6300 Resistance Levels: 0.6816, 0.6830, 0.6865, 0.6910, 0.7000, 0.7065 Trading Recommendations Sell by market. Sell-Limit 0.6800, 0.6816, 0.6830. Stop-Loss 0.6870. Take-Profit 0.6745, 0.6700, 0.6680, 0.6600, 0.6300 Buy Stop 0.6870. Stop-Loss 0.6810. Take-Profit 0.6910, 0.7000, 0.7065 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  8. WTI: Current Dynamics 04/22/2019 In view of the celebration of Catholic Easter (today is the Second Day of Catholic Easter - Easter Monday), the activity of participants in the financial market is small, and the exchanges and banks in Catholic countries are closed. However, it is worth noting the sharp increase in oil prices from the opening of today's trading day on the background of the news regarding the possible cancellation of indulgences by the US on Iranian sanctions. At the beginning of the European trading session, the price of WTI crude oil is near the mark of 65.46 dollars per barrel. Against the background of geopolitical risks that are gaining momentum in the supply of oil, the rally in oil prices may continue. A further rise in oil prices is likely, despite the achievement of new local maxima. Long-term positive dynamics persist above the key support level of 59.50 (ЕМА200 on the daily chart, Fibonacci 50% level of the upward correction to a fall from the highs of the last few years near the 76.80 level to the support level near the 42.14 mark). Mostly upward trend in the price of WTI crude oil. Long positions are preferred. Support Levels: 63.50, 61.70, 59.50, 56.50, 55.40 Resistance Levels: 66.00, 68.00 Trading Scenarios Sell ​​Stop 62.80. Stop Loss 66.20. Take-Profit 61.70, 59.50, 56.50, 55.40 Buy Stop 66.20. Stop Loss 62.80. Take-Profit 68.00, 73.00, 76.00 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  9. AUD/USD: Support and Resistance Levels 19/04/2019 The US dollar strengthened sharply last Thursday. The strengthening of the dollar was triggered by the fall of the euro on weak macro statistics, which came from the Eurozone at the beginning of the European session on Thursday. In the afternoon, the dollar continued to strengthen on positive statistics from the US. The AUD / USD pair dropped on Thursday by 0.44% to 0.7148. Financial market participants fear that European problems may spread to other regions, weakening demand for commodities. Nevertheless, the indicators OsMA and Stochastic on the 1-hour, 4-hour charts turned to long positions. The resumption of corrective growth can direct the pair AUD / USD to resistance levels of 0.7170, 0.7217. However, growth above the level of 0.7217 is unlikely. Below resistance levels 0.7170 (ЕМА144), 0.7217 (ЕМА200 on the daily chart) short positions are preferable. In the event of a breakdown of the support level of 0.7142, AUD / USD will move to the support level of 0.7127 (ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart). Break of this level will increase the risk of a return to the global bearish trend. In this case, AUD / USD will go towards the support levels of 0.7025, 0.6980, 0.6910 (lows of September 2015), 0.6830 (lows of 2016). Support Levels: 0.7142, 0.7120, 0.7100, 0.7053, 0.7025, 0.6980 Resistance Levels: 0.7170, 0.7200, 0.7217, 0.7295 Trading recommendations Sell ​​in the market. Stop Loss 0.7230. Take-Profit 0.7120, 0.7100, 0.7053, 0.7025, 0.6980 Buy Stop 0.7230. Stop Loss 0.7160. Take-Profit 0.7295 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  10. EUR/USD: Current Dynamics 04/18/2019 Weak macro data from Europe and published at the beginning of the European session on Thursday caused a weakening of the Euro and a drop in the EUR / USD pair. The preliminary PMI indexes for April were lower than expected. Eurozone production PMI was 47.8, which is below the forecast of 47.9. The compound PMI of the Eurozone was 51.3 against the forecast of 51.8. The data presented increase the likelihood of further easing of the ECB’s monetary policy. Having broken through a strong support level of 1.1285 (ЕМА200 on the 1-hour chart, as well as a Fibonacci level of 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014), EUR / USD reached a week low near the 1.1243 mark. Breakdown of this local support level will cause further weakening of EUR / USD with targets located at support levels of 1.1210 (November lows), 1.1190 (March and year lows), 1.1120, 1.1000. An alternative scenario will be associated with a return to the zone above the resistance level of 1.1300, which will create prerequisites for a stronger upward correction to the resistance levels of 1.1390 ​​(EMA144), 1.1440 (EMA200 on the daily chart). Short positions are preferred. In the period from 12:30 to 14:00 GMT, important macro data from the US will be published, which will cause an increase in market volatility. Among the published data that should be noted are the preliminary PMI business indices in the USA for April, as well as data on retail sales. Data worse than the forecast will negatively affect the dollar, which will cause its sales and fixation of long positions on it before the long weekend, associated with the meeting of the Catholic Easter. Support Levels: 1.1250, 1.1240, 1.1210, 1.1190, 1.1120, 1.1000 Resistance Levels: 1.1285, 1.1300, 1.1390, 1.1440 Trading recommendations Sell ​​Stop 1.1240. Stop Loss 1.1290. Take-Profit 1.1210, 1.1190, 1.1120, 1.1000 Buy Stop 1.1290. Stop Loss 1.1240. Take-Profit 1.1320, 1.1390, 1.1440 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  11. USD/CAD: Market Expectations 17/04/2019 On Wednesday, commodity currencies strengthened against the US dollar against the backdrop of favorable statistics from China. At 12:30 GMT Statistics Canada and the Bank of Canada will present data on foreign trade in Canada and data on inflation. Consumer prices in February rose by 1.5% (+ 1.4% in January) in annual terms and the base consumer price index rose by + 1.5%. If the data for March are worse than the previous values, then this will negatively affect the CAD. Data better than the forecast and above the previous values ​​will strengthen the Canadian dollar. Despite the current decline, USD / CAD maintains a long-term positive trend, trading above key support levels of 1.3260 (EMA144), 1.3210 (EMA200 on the daily chart). USD / CAD declined during the Asian session, breaking short-term strong support levels of 1.3350 (ЕМА200 on the 1-hour chart), 1.3340 (ЕМА200 on the 4-hour chart). The breakdown of the local support level of 1.3300 may increase the risks of further USD / CAD decline with targets at the support levels of 1.3260, 1.3210. The signal for the resumption of purchases will be the return of USD / CAD to the zone above the levels of 1.3340, 1.3350 with growth targets at resistance levels of 1.3450 (Fibonacci 23.6% of the downward correction to the pair's growth in the global uptrend since September 2012 and 0.9700), 1.3660 ( the highs of 2018), 1.3790 (the highs of 2017). Support Levels: 1.3320, 1.3340, 1.3300, 1.3260, 1.3210, 1.3155, 1.3090, 1.3045 Resistance Levels: 1.3340, 1.3350, 1.3370, 1.3400, 1.3450, 1.3600, 1.3660, 1.3790 Trading scenarios Sell ​​Stop 1.3290. Stop Loss 1.3340. Take-Profit 1.3245, 1.3200, 1.3155, 1.3090, 1.3045 Buy Stop 1.3340. Stop Loss 1.3290. Take-Profit 1.3370, 1.3450, 1.3600, 1.3660, 1.3790 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  12. AUD/USD: Support and Resistance Levels 16/04/2019 "The leadership of the central bank does not see any weighty arguments for adjusting monetary policy in the short term", says the RBA minutes, published Tuesday during the Asian session. After the publication of the minutes from the April meeting of the RBA, the Australian dollar weakened and the AUD / USD dropped by 30 points, to the level of 0.7142, through which the strong short-term support level passes (ЕМА200 on the 1-hour chart). The indicators OsMA and Stochastic on the 1-hour, 4-hour charts turned to short positions. In the event of a breakdown of the support level of 0.7142, AUD / USD will move to the support level of 0.7120 (ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart). Break of this level will increase the risk of a return to the global bearish trend. In this case, AUD / USD will go towards the support levels of 0.7025, 0.6980, 0.6910 (lows of September 2015), 0.6830 (lows of 2016). Below resistance levels 0.7170 (ЕМА144), 0.7217 (ЕМА200 on the daily chart) short positions are preferable. *)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics Support Levels: 0.7142, 0.7120, 0.7100, 0.7053, 0.7025, 0.6980 Resistance Levels: 0.7170, 0.7200, 0.7217, 0.7295 Trading Scenarios Sell ​​in the market. Stop Loss 0.7160. Take-Profit 0.7120, 0.7100, 0.7053, 0.7025, 0.6980 Buy Stop 0.7160. Stop Loss 0.7135. Take-Profit 0.7170, 0.7200, 0.7217 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  13. EUR/USD: Current dynamics 15/04/2019 The dollar fell by the end of last week. On Friday, the DXY dollar index closed with a 0.2% fall, at 96.97. According to the minutes of the March meeting of the American central bank, the Fed leaders are concerned about the slowdown in global economic growth, which threatens to worsen the situation in the US economy. It follows from the protocols that the leaders of the central bank do not see the conditions for a further increase in interest rates. At the same time, US President Donald Trump reiterated his criticism of the Federal Reserve System, stating that "quantitative tightening was a murderer, the opposite should have been done". On Sunday, Trump tweeted that the economy and the stock market could have grown faster, "if the Fed had done its job properly". On Monday, the dollar continues to decline, while DXY dollar index futures traded at the beginning of the European session near the 96.45 mark, 10 points lower than the opening price of the trading day. On Monday, the publication of important macro data is not planned. Probably, trading in financial markets will be more relaxed than at the end of last week, which was full of important political and economic events. Investors will also be less active on the eve of the Catholic Easter celebration this Sunday. Meanwhile, the euro also remains under pressure after the ECB meeting last week. The ECB reported that the rate hikes before next year should not be expected, and the head of the European Central Bank, Mario Draghi, warned that the rate of economic growth in Europe this year will continue to decline. Mario Draghi last Wednesday signaled the possibility of implementing new measures to support the European economy in the event of a deterioration in its prospects. *)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics Trading scenarios Against the background of the weakening dollar, the EUR / USD pair rose sharply last Friday, updating the 3-week high near the 1.1323 mark. On Monday, the Eurodollar attempted to develop an upward movement, trading in the first half of the trading day above the support level of 1.1300 (EMA50 on the daily chart). Nevertheless, the Eurodollar failed to update the local and Friday maximum. The OsMA and Stochastic indicators turned to short positions on the 4-hour and 1-hour charts. Return under support level 1.1300 will be a signal for the resumption of short positions. The breakdown of support levels of 1.1285 (Fibonacci level 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014), 1.1270 (ЕМА200 per 1-hour chart) will confirm the scenario for the resumption of the EUR / USD decline. The targets for reducing EUR / USD are at the support levels of 1.1210 (November lows), 1.1190 (March and year lows), 1.1120, 1.1000. The growth scenario will be associated with the updating of the local maximum of 1.1323, which will create prerequisites for a stronger upward correction to the resistance levels of 1.1390 ​​(EMA144), 1.1440 (EMA200 on the daily chart). Support Levels: 1.1300, 1.1285, 1.1270, 1.1255, 1.1210, 1.1190, 1.1120, 1.1000 Resistance Levels: 1.1323, 1.1390, 1.1440 Trading recommendations Sell ​​in the market. Stop-Loss 1.1330. Take-Profit 1.1285, 1.1270, 1.1255, 1.1210, 1.1190, 1.1120, 1.1000 Buy Stop 1.1330. Stop Loss 1.1270. Take-Profit 1.1370, 1.1390, 1.1440 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  14. AUD / USD: Current Dynamics 12/04/2019 Positive macro statistics from China contributes to the growth of commodity currencies and stock indices on Friday. AUD / USD traded at the beginning of the US trading session near the strong resistance level of 0.7170 (EMA144 on the daily chart) on a positive impulse received from the publication of strongly Chinese macro statistics. In the event of a breakdown of this level, the next upside target for AUD / USD will be the key resistance level of 0.7217 (ЕМА200 on the daily chart), a rise above which is unlikely. In the case of a rebound from the resistance level of 0.7170 and a return below the support level of 0.7127 (ЕМА200 on the 1-hour chart), short positions will again become relevant. In this case, AUD / USD will go towards the support levels of 0.7025, 0.6980, 0.6910 (lows of September 2015), 0.6830 (lows of 2016). Below resistance levels 0.7170, 0.7217 short positions are preferable. Long-term bearish trend persists. Support Levels: 0.7140, 0.7127, 0.7112.0.7100, 0.7025, 0.6980 Resistance Levels: 0.7170, 0.7200, 0.7217, 0.7295 Trading recommendations Sell ​​in the market. Stop Loss 0.7220. Take-Profit 0.7140, 0.7127, 0.7112,0.7100, 0.7025, 0.6980 Buy Stop 0.7220. Stop Loss 0.7160. Take-Profit 0.7295 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
  15. EUR/USD: Trading Scenarios 11/04/2019 The soft rhetoric of the ECB leaders and their signals about the likelihood of easing of monetary policy, sounded on Wednesday, could not stop the growth of the Eurodollar. The EUR / USD pair has grown, mainly due to the weakening dollar. Fed leaders, according to the minutes of the March meeting of the American central bank, published on Wednesday, concerned about the slowdown in the global economy, which threatens to worsen the situation in the US economy. It follows from the protocols that the leaders of the central bank do not see the conditions for a further increase in interest rates. *)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics Having reached the level of 1.1190 at the beginning of the month (lows of March and 2019), EUR / USD turned "north" and continued to grow, up to the current European session. Nevertheless, EUR / USD again failed to overcome the important resistance level of 1.1285 (Fibonacci level 23.6% of the correction to the fall from the level of 1.3900, which began in May 2014) and resumed its decline by the beginning of the American session. A break of the short-term support level of 1.1255 (ЕМА200 on the 1-hour chart) will be a signal for the resumption of EUR / USD sales. The growth scenario will be associated with fixing in the zone above the resistance level of 1.1300, which will create prerequisites for a stronger upward correction to resistance levels of 1.1395 (ЕМА144), 1.1450 (ЕМА200 on the daily chart). Below resistance level 1.1285 short positions are preferable. Support Levels: 1.1255, 1.1210, 1.1190, 1.1120, 1.1000 Resistance Levels: 1.1285, 1.1300, 1.1395, 1.1450 Trading recommendations Sell ​​in the market. Stop-Loss 1.1310. Take-Profit 1.1210, 1.1190, 1.1120 Buy Stop 1.1310. Stop Loss 1.1270. Take-Profit 1.1370, 1.1395, 1.1450 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
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