Theme images by MichaelJay. Powered by Blogger.

EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Best Fx Strategy
Trade Forex On The Next Level ..

No Loss Trading Strategy


I am only an email away -

Message me...

Free Forex Daily Signals On All Major Pairs

FREE FX TRADING SIGNALS
Our Recent Fx Trading Signals Posted Daily

Jun 14, 2019

EUR/USD: general review 14 June 2019, 11:05

 

Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 1.1265
Take Profit 1.1220
Stop Loss 1.1300
Key Levels 1.1203, 1.1219, 1.1244, 1.1267, 1.1303, 1.1325, 1.1336, 1.1347
Alternative scenario
Recommendation BUY STOP
Entry Point 1.1305
Take Profit 1.1345
Stop Loss 1.1270
Key Levels 1.1203, 1.1219, 1.1244, 1.1267, 1.1303, 1.1325, 1.1336, 1.1347
Current trend
EUR, having reached two-month highs against USD at 1.1347, weakened dropping below 1.1300 under pressure from the possible imposition of US sanctions on Germany regarding the construction of a gas pipeline from Russia. The fear is that if the gas transit through Ukraine is stopped, the constructed pipeline can be used by Moscow as an instrument of pressure on the countries of Western Europe. Macroeconomic data did not support the euro either: Industrial Production in the euro area slowed down by 0.5% MoM and by 0.4% YoY.
Today market participants are waiting for the release of the data on the US Retail Sales (14:30 GMT+2). The market is expected to be highly volatile.
Support and resistance
Resistance levels: 1.1303, 1.1325, 1.1336, 1.1347.
Support levels: 1.1267, 1.1244, 1.1219, 1.1203.

Trading tips
Short positions may be opened from the level of 1.1265 with target at 1.1220 and stop loss at 1.1300.
Long positions may be opened from the level of 1.1305 with target at 1.1345 and stop loss at 1.1270.
Implementation time: 1-3 days.

USD/JPY: the pair is trading in both directions 14 June 2019, 10:18

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 108.50, 108.65, 108.85
Take Profit 109.50, 109.76
Stop Loss 108.30, 108.10
Key Levels 107.47, 107.80, 108.06, 108.47, 108.79, 109.00, 109.30
Alternative scenario
Recommendation SELL STOP
Entry Point 108.00
Take Profit 107.47, 107.20
Stop Loss 108.30, 108.40
Key Levels 107.47, 107.80, 108.06, 108.47, 108.79, 109.00, 109.30
Current trend
USD fell against JPY on Thursday, being under pressure from weak US statistics. Also, market uncertainty provides significant support to JPY. Thursday's data from the US indicated an increase in Initial Jobless Claims by 222K, which turned out to be worse than the data for the previous period (219K) and the forecast of 216K. Import Price Index in May decreased by –0.3% MoM and –1.5% YoY, with the forecast of –0.2% MoM and –1.4% YoY. Export Price Index showed a decrease of –0.2% MoM and –0.7% YoY, which also turned out to be worse than forecasts of –0.1% MoM and –0.5% YoY.
Today, the instrument is relatively stable. Some support for JPY has been provided by macroeconomic statistics on Japan Industrial Production. In April, production volumes increased by 0.6% MoM, which coincided with the forecasts. Capacity Utilization in April increased by 1.6% MoM after the decline by 0.4% MoM in the previous month.
Support and resistance
Bollinger Bands in D1 chart decrease gradually. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is growing, keeping a weak buy signal (located above the signal line). Stochastic interrupted steady growth and reversed into a descending plane, responding to the "bearish" trend, observed since the middle of this week.
One should wait for clarification of the situation to open new transactions.
Resistance levels: 108.47, 108.79, 109.00, 109.30.
Support levels: 108.06, 107.80, 107.47.


Trading tips
To open long positions, one can rely on the breakout of 108.47 or 108.60–108.79. Take profit — 109.50 or 109.76. Stop loss — 108.30 or 108.10.
A breakdown of 108.06 may be a signal to further sales with target at 107.47 or 107.20. Stop loss — 108.30–108.40.
Implementation time: 2-3 days.

USD/CAD: the instrument consolidated 14 June 2019, 09:38

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1.3360
Take Profit 1.3429, 1.3449
Stop Loss 1.3320
Key Levels 1.3231, 1.3250, 1.3283, 1.3320, 1.3356, 1.3379, 1.3401, 1.3429
Alternative scenario
Recommendation SELL STOP
Entry Point 1.3315
Take Profit 1.3250, 1.3231
Stop Loss 1.3356
Key Levels 1.3231, 1.3250, 1.3283, 1.3320, 1.3356, 1.3379, 1.3401, 1.3429
Current trend
Yesterday, USD fell against CAD, interrupting the development of an upward momentum since June 10. The reason for the emergence of negative dynamics was the uncertain macroeconomic statistics from the United States, as well as the closing of profitable long positions by investors at the end of the week. Published on Thursday, data from Canada had virtually no effect on the course. New Housing Price Index of Canada in April did not change in monthly terms and rose by 0.1% YoY, which fully met analysts' forecasts. Today, during the Asian session, the instrument has returned to growth.
On the last day of the week, investors are awaiting the publication of a block of macroeconomic statistics from the United States: Industrial Production, Retail Sales, and Michigan Consumer Sentiment.
Support and resistance
On the daily chart, Bollinger bands are steadily declining. The price range is slightly narrowed but still remains spacious enough for the current activity level. The MACD indicator is growing, keeping a moderate buy signal (the histogram is above the signal line). Stochastic is directed upwards but is nearing its highs, which indicates growing risks that USD will become overbought in the super short term.
It is better to keep current long positions until the market situation becomes clearer.
Resistance levels: 1.3356, 1.3379, 1.3401, 1.3429.
Support levels: 1.3320, 1.3283, 1.3250, 1.3231.


Trading tips
Long positions can be opened after the breakout of 1.3356 with the target at 1.3429 or 1.3449. Stop loss is 1.3320.
Short positions can be opened after the rebound from 1.3356 and the breakdown of 1.3320 with the target at 1.3250 or 1.3231. Stop loss is 1.3356.
Implementation period: 2–3 days.

American Express Co.: wave analysis 14 June 2019, 09:36

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 121.78
Take Profit 128.00, 130.00
Stop Loss 117.95
Key Levels 108.00, 113.80, 117.95, 128.00, 130.00
Alternative scenario
Recommendation SELL STOP
Entry Point 117.90
Take Profit 113.80, 108.00
Stop Loss 119.30
Key Levels 108.00, 113.80, 117.95, 128.00, 130.00
The price may grow.
On the 4-hour chart, the fifth wave of the higher level 5 of (5) develops. Now, the fifth wave v of 5 is forming, within which the wave of the lower level (i) of v has developed. If the assumption is correct, after the correction (ii) of v the price will grow to the levels of 128.00–130.00. In this scenario, critical stop loss level is 117.95.


Main scenario
Long positions will become relevant during the correction, above the level of 117.95 with the targets at 128.00–130.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 117.95 will let the price go down to the levels of 113.80–108.00.

Boeing Co.: wave analysis 14 June 2019, 09:35

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 348.67
Take Profit 445.24, 500.00
Stop Loss 330.44
Key Levels 292.93, 330.44, 445.24, 500.00
Alternative scenario
Recommendation SELL STOP
Entry Point 330.40
Take Profit 292.93
Stop Loss 342.90
Key Levels 292.93, 330.44, 445.24, 500.00
The correction ended, the price may grow.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the downward correction 2 of (5) developed. Now, the formation of the wave 3 of (5) has begun, within which the entry wave of the lower level (i) of i of 3 has formed. If the assumption is correct, the price will grow to the levels of 445.24–500.00. In this scenario, critical stop loss level is 330.44.


Main scenario
Long positions will become relevant during the correction, above the level of 330.44 with the targets at 445.24–500.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 330.44 will let the price go down to the level of 292.93.

USD/CHF: wave analysis 14 June 2019, 09:34

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 0.9938
Take Profit 1.0241, 1.0400
Stop Loss 0.9858
Key Levels 0.9715, 0.9858, 1.0241, 1.0400
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9850
Take Profit 0.9715
Stop Loss 0.9910
Key Levels 0.9715, 0.9858, 1.0241, 1.0400
The pair may grow.
On the 4-hour chart, the first wave i of 3 formed, and the local correction ii of 3 ended. Now, the development of the wave iii of 3 is beginning, within which the first wave of the lower level (i) of iii is forming. If the assumption is correct, the pair will grow to the levels of 1.0241–1.0400. In this scenario, critical stop loss level is 0.9858.


Main scenario
Long positions will become relevant during the correction, above the level of 0.9858 with the targets at 1.0241–1.0400. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.9858 will let the pair go down to the level of 0.9715.

AUD/USD: wave analysis 14 June 2019, 09:33

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 0.6897
Take Profit 0.7072, 0.7205
Stop Loss 0.6862
Key Levels 0.6750, 0.6800, 0.6862, 0.7072. 0.7205
Alternative scenario
Recommendation SELL STOP
Entry Point 0.6855
Take Profit 0.6800, 0.6750
Stop Loss 0.6885
Key Levels 0.6750, 0.6800, 0.6862, 0.7072. 0.7205
The pair may grow.
On the 4-hour chart, the downward correction of the higher level developed as the wave b of 2. Now, the wave c of 2 is forming, within which the first wave of the lower level (i) of c has formed, and the local correction (ii) of c is ending. If the assumption is correct, the pair will grow to the levels of 0.7072–0.7205. In this scenario, critical stop loss level is 0.6862.


Main scenario
Long positions will become relevant during the correction, above the level of 0.6862 with the targets at 0.7072–0.7205. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.6862 will let the pair go down to the levels of 0.6800–0.6750.

Jun 13, 2019

XAU/USD: general analysis 13 June 2019, 11:03

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1340.10
Take Profit 1347.60
Stop Loss 1332.50
Key Levels 1261.21, 1266.08, 1227.45, 1281.69, 1288.09, 1297.17, 1304.60
Alternative scenario
Recommendation SELL STOP
Entry Point 1329.95
Take Profit 1320.30, 1319.50
Stop Loss 1334.20
Key Levels 1261.21, 1266.08, 1227.45, 1281.69, 1288.09, 1297.17, 1304.60
Current trend
Gold continues to trade near the highs of 2019.
This week, the instrument was supported by poor US inflation releases. The reduction in price pressure may force the Fed to lower the key rate at the next Committee meeting. In addition, yesterday, US President Donald Trump acknowledged the existence of significant obstacles to an agreement with Beijing, which led to an increase in demand for precious metals. The trade conflict is already having a negative impact on the economies of China and the United States, and recent macroeconomic data confirm it. In this regard, gold is once again perceived by investors as a shelter asset and has a high potential for growth.
Today at 14:30 (GMT+2), the publication of data on the US labor market is expected. Tomorrow at 14:30 (GMT+2), there will be statistics on Retail Sales, and at 15:15 (GMT+2) Industrial Production data will be published. The releases can cause strong market volatility.
Support and resistance
On the 4-hour chart, the instrument is trading at the upper border of Bollinger bands. The indicator is directed downwards, and the price range has expanded significantly, indicating a continuation of the fall. The MACD histogram is in the negative zone, keeping a strong sell signal. Stochastic entered the oversold area; a strong buy signal can be formed within 1–2 days.
Resistance levels: 1281.69, 1288.09, 1297.17, 1304.60.
Support levels: 1227.45, 1266.08, 1261.21.

Trading tips
Long positions can be opened above the level of 1340.00 with the target at 1347.60 and stop loss 1332.50.
Short positions can be opened below the level of 1330.00 with the targets at 1320.30, 1319.50 and stop loss 1334.20.
Implementation period: 1–2 days.

Best Binary Options Signals Service Providers


Binary Options Pro Signals
Top-Rated Signals for Binary Options

Up to 88% per Trade Our winning binary options signals will generate up to 88% profit PER TRADE. Stocks and Currencies We monitor 14 assets through London and US Market Sessions. SMS, Email and Web Signals will be sent to you Real Time via SMS/Text, Email or both!

Binary Options Pro Signals Click here...
Binary Trading Signals Live!
Join now and get LIVE, exclusive access to..

KILLER Binary Options and Forex Strategies We Use Daily INCREDIBLE In Depth Market Analysis On Multiple Assets QUALITY Trading Education and Discipline Training Binary Options Trading Signals Is The Premier Signal Service For Binary Options As You Watch A Live Trader With Over 10 Years Of Experience!

Binary Trading Signals Live Click here...
Quantum Binary Signals
Professional trading signals sent to your mobile.

Follow our trades today and make up to 270% a day. Real hedge funds traders with 20 years of experience, Up to 5 trades a day by email or SMS, Simple and takes only two minutes a day.. Binary options, forex, commodities, stocks and indices, 75-85% monthly success rate, No experience needed..

Quantum Binary Signals Click here...
Night Owl Signals
The most amazing thing is here..

Our service is astonishingly easy to use. Night Owl Signals Is A Live Trading Room Which Offers Traders A Unique Experience Following And Watching A Professional Trader Trade Live. The Service Starts At 8:30 Pm And Goes Until 10:00 Pm On Monday Through Thursday.

Night Owl Signals Click here...
No Loss Forex Trading Strategy
Click on Contact us.. >>>


If you are interested or have any questions - Contact us!