Theme images by MichaelJay. Powered by Blogger.

EUR/USD: general analysis 18 January 2019, 13:42

EUR/USD: general analysis 18 January 2019, 13:42 Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 1.1420 ...

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

Jan 18, 2019

EUR/USD: general analysis 18 January 2019, 13:42

 

Scenario
Timeframe Weekly
Recommendation BUY STOP
Entry Point 1.1420
Take Profit 1.1474, 1.1535
Stop Loss 1.1370
Key Levels 1.1230, 1.1290, 1.1352, 1.1413, 1.1474, 1.1535
Alternative scenario
Recommendation SELL STOP
Entry Point 1.1345
Take Profit 1.1290, 1.1230
Stop Loss 1.1380
Key Levels 1.1230, 1.1290, 1.1352, 1.1413, 1.1474, 1.1535
Current trend
On Friday, the EUR/USD pair is growing due to the news of the possible cancellation of part of US fees on Chinese exports. According to The Wall Street Journal, Finance Minister Stephen Mnuchin suggested cancel a part of the increased taxes to achieve a breakthrough in trade negotiations. This decision is opposed by US Trade Representative Robert Lighthiser, who believes that China can regard this move as a sign of weakness. The US Treasury denied this information but the market remained optimistic. The head of the Chicago Fed Charles Evans said that a pause in raising interest rates is possible. He noted that the current source of uncertainty is a recession in the EU and Chinese economies, as well as the consequences of the US-China trade war and the Shutdown in the United States.
Today, December US Industrial Production data will be released. The indicator is expected to fall from 0.6% to 0.2%, which may affect USD negatively.
Support and resistance
The pair is testing the level of 1.1413 (Murrey [3/8]) around the midline of Bollinger bands. After the breakout, growth to 1.1474 (Murrey [4/8]) and 1.1535 (Murrey [5/8]) is possible, which is confirmed by Stochastic, reversing upwards in the oversold zone. A significant decrease is possible after consolidation below the lower border of the upward channel around ​​1.1352 (Murrey [2/8]). In this case, the instrument can reach 1.1290 (Murrey [1/8]) and 1.1230 (Murrey [0/8]).
Resistance levels: 1.1413, 1.1474, 1.1535.
Support levels: 1.1352, 1.1290, 1.1230.

Trading tips
Long positions can be opened after the consolidation above 1.1413 with the targets at 1.1474, 1.1535 and stop loss around 1.1370.
Short positions can be opened below 1.1352 with the targets at 1.1290, 1.1230 and stop loss 1.1380.
Implementation period: 4–5 days.

XAU/USD: general review 18 January 2019, 13:38

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1285.58
Take Profit 1310.00, 1320.00
Stop Loss 1269.00
Key Levels 1237.70, 1237.70, 1255.50, 1266.00, 1275.00, 1280.00, 1299.00, 1310.00, 1320.00, 1335.00, 1350.00, 1365.00
Alternative scenario
Recommendation BUY LIMIT
Entry Point 1280.00, 1275.00
Take Profit 1310.00, 1320.00
Stop Loss 1269.00
Key Levels 1237.70, 1237.70, 1255.50, 1266.00, 1275.00, 1280.00, 1299.00, 1310.00, 1320.00, 1335.00, 1350.00, 1365.00
Current trend
In January, the price of gold moved within the narrowing side consolidation after a serious growth at the end of last year.
Today, the instrument has broken down the lower border of the channel and forms a downward impulse. The main catalyst of the movement remains the decline in USD in recent months, the technical situation, and the increased demand for the precious metal as a "safe haven".
Today, special attention should be paid to US industrial output.
Support and resistance
The current decline can be seen as a correction after significant growth. In the medium term, a further increase in the price of gold is expected within an uptrend. The instrument remains within the ascending channel, and, after a decline to the levels of 1280.00, 1275.00, a new upward wave will form to a local maximum with a high probability of testing new highs (1310.00, 1320.00, 1335.00).
Technical indicators on D1 chart confirm the growth forecast: MACD indicates the preservation of the high volume of short positions, Bollinger Bands are directed upwards.
Support levels: 1280.00, 1275.00, 1266.00, 1255.50, 1243.00, 1237.70.
Resistance levels: 1299.00, 1310.00, 1320.00, 1335.00, 1350.00, 1365.00.

Trading tips
Long positions may be opened from the current level; deferred long positions may be opened from the levels of 1280.00, 1275.00 with targets at 1310.00, 1320.00 and stop loss at 1269.00.

The Home Depot Inc. (HD/NYSE): general review 18 January 2019, 13:36

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 177.55
Take Profit 183.00, 187.00, 192.00
Stop Loss 172.10, 172.00
Key Levels 158.00, 167.50, 172.00, 177.50, 183.00, 188.00
Alternative scenario
Recommendation SELL STOP
Entry Point 171.95
Take Profit 163.00, 158.00
Stop Loss 177.00
Key Levels 158.00, 167.50, 172.00, 177.50, 183.00, 188.00
Current trend
Shares of The Home Depot added more than 10.5% in value from the December 52-week low, having updated the monthly minimum of 10 January. The fall in stocks from the September 52-week high exceeded 18%. On January 17, JPMorgan Chase lowered the recommendation on the company's shares, which pressured the emitter's quotes.
During the previous week, the stock of The Home Depot dropped by 2.34%. S&P500 index went up by 1.54% during the same period.
Support and resistance
The emitter continues to trade in the flat market. The technical picture is uncertain. Currently, key support and resistance levels are at 172.00 and 177.50, respectively. The emitter has the potential to restore.
Indicators don't give a clear signal: the price is between MA(5) and MA(200), and MACD histogram started to decrease. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #HD shares are neutral.
Support levels: 172.00, 167.50, 158.00.
Resistance levels: 177.50, 183.00, 188.00.

Trading tips
If the price consolidates above the resistance level of 177.50, one should expect #HD shares to correct. Potential profits should be locked in by orders at 183.00, 187.00, and 192.00. Stop loss – 172.00.
If the price consolidates below the level of 172.00, one may consider selling the company's stock. The moving potential is aimed at the area of 63.00-158.00. Stop loss – 177.00.
Implementation period: 3 days.

Johnson&Johnson (JNJ/NYSE): general analysis 18 January 2019, 13:35

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 130.05
Take Profit 133.00, 136.00, 138.00
Stop Loss 127.10, 127.00
Key Levels 122.00, 126.00, 130.00, 133.00, 137.00
Alternative scenario
Recommendation SELL STOP
Entry Point 125.95
Take Profit 121.00, 118.00
Stop Loss 129.00
Key Levels 122.00, 126.00, 130.00, 133.00, 137.00
Current trend
Johnson&Johnson shares are trading at a premium of 5% to the December 6-month low. On January 22, before the market opens, the company will post Q4 2018 report. According to the results of the last quarter, the company expects net profit per share to increase by 12% to 1.95 USD with a slight decrease in revenue by 0.4% to 20.1 billion USD.
During the last week, Johnson & Johnson decreased by 0,48% against the growth of S&P 500 index by 1,54%.
Support and resistance
Shares of the company are consolidated after a significant collapse in mid-December. There is no unidirectional trend observed. The issuer has formed key support and resistance levels of 126.00 and 130.00. There is a potential for recovery. The signals of the indicators are ambiguous: the price has fixed below the MA (50) and MA (200); MACD histogram began to rise. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates the neutrality of #JNJ.
Resistance levels: 130.00, 133.00, 137.00.
Support levels: 126.00, 122.00.

Trading tips
Long positions can be opened after the price is fixed above the level of 130.00. The closing of the profitable positions is possible at the levels of 133.00, 136.00 and 138.00. Stop loss is 127.00.
Short positions can be opened after the price is set below the level of 126.00 with the targets at 121.00–118.00. Stop loss is 129.00.
Implementation period: 3 days.

GBP/USD: general review 18 January 2019, 11:32

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1.3000
Take Profit 1.3069
Stop Loss 1.2970
Key Levels 1.2391, 1.2536, 1.2591, 1.2649, 1.2667, 1.2709, 1.2772, 1.2831, 1.2865, 1.2931, 1.3000, 1.3030, 1.3069, 1.3173, 1.3235
Alternative scenario
Recommendation SELL STOP
Entry Point 1.2865
Take Profit 1.2775
Stop Loss 1.2930
Key Levels 1.2391, 1.2536, 1.2591, 1.2649, 1.2667, 1.2709, 1.2772, 1.2831, 1.2865, 1.2931, 1.3000, 1.3030, 1.3069, 1.3173, 1.3235
Current trend
GBP strengthened against the US dollar on Thursday against the news of Teresa May, who survived a vote of no confidence and is preparing an alternative Brexit deal by Monday.
Data on the US labor market were contradictory: USD was supported by the decline in Initial Jobless Claims to 213K, which was 3K less than the previous figure and 7K less than the forecast. At the same time, Continuing Jobless Claims were 1.737M, which turned out to be higher than the forecast, putting pressure on USD. Philadelphia Fed Manufacturing Index was better than expected reaching 17.0 points in January against 9.1 points a month earlier.
Macroeconomic releases able to influence the instrument today include data on retail sales in the UK (11:30 GMT+2). The indicator MoM is expected to decrease to –0.8% in December from 1.4% a month earlier, and YoY it can remain unchanged at 3.6%. Data on Industrial Production will be published in the US today (16:15 GMT+2). It is expected that the indicator will fall to 0.2% in December from 0.6% a month earlier. If the forecast proves right, it could put pressure on USD in the short term.
Support and resistance
On the H4 chart, a downward movement correction is observed, the pair is trading between the upper and lower borders of Bollinger Bands; the price range expanded. MACD histogram is in the positive area keeping a signal for the opening of long positions.
Resistance levels: 1.3000, 1.3030, 1.3069, 1.3173, 1.3235.
Support levels: 1.2931, 1.2865, 1.2831, 1.2772, 1.2709, 1.2667, 1.2649, 1.2591, 1.2536, 1.2391.

Trading tips
Long positions may be opened from 1.3000 with target at 1.3069 and stop loss at 1.2970.
Short positions may be opened from 1.2865 with target at 1.2775 and stop loss at 1.2930.
Implementation time: 1-3 days.

NZD/USD: technical analysis 18 January 2019, 10:26

 

Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 0.6769
Take Profit 0.6725, 0.6690, 0.6665
Stop Loss 0.6790
Key Levels 0.6665, 0.6690, 0.6725, 0.6840, 0.6880, 0.6965
Alternative scenario
Recommendation BUY STOP
Entry Point 0.6880
Take Profit 0.6965
Stop Loss 0.6840
Key Levels 0.6665, 0.6690, 0.6725, 0.6840, 0.6880, 0.6965
NZD/USD, D1
On the daily chart, the pair is trading in the upper Bollinger band. The price remains on the level with its moving averages that are turning horizontally. The RSI is falling, having broken down its longer MA. The Composite is showing similar dynamics.

NZD/USD, H4
On the 4-hour chart, the pair is trading in the lower Bollinger band. The price remains just below its moving averages that are horizontal. The RSI is about to test from below its longer MA. The Composite is growing, having broken out its longer MA.

Key levels
Support levels: 0.6725 (local lows), 0.6690 (July 2018 lows), 0.6665 (local lows).
Resistance levels: 0.6840 (local highs), 0.6880 (November 2018 highs), 0.6965 (December 2018 highs).
Trading tips
The fall can resume after a short-term upward correction.
Short positons can be opened from current prices with targets at 0.6725, 0.6690, 0.6665 and stop-loss at 0.6790. Validity – 3-5 days.
Long positions can be opened from the level of 0.6880 with the target at 0.6965 and stop-loss at 0.6840. Validity – 3-5 days.

USD/CAD: the instrument is trading in both directions 18 January 2019, 09:30

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1.3330
Take Profit 1.3419, 1.3443
Stop Loss 1.3280
Key Levels 1.3140, 1.3179, 1.3200, 1.3247, 1.3322, 1.3368, 1.3419, 1.3443
Alternative scenario
Recommendation SELL STOP
Entry Point 1.3240
Take Profit 1.3179, 1.3140
Stop Loss 1.3290
Key Levels 1.3140, 1.3179, 1.3200, 1.3247, 1.3322, 1.3368, 1.3419, 1.3443
Current trend
USD showed insignificant growth against CAD on Thursday, having updated local highs of January 8.
The Fed’s "Beige Book" release was positive, reflecting the growth of the labor market and a moderate increase in wages in most districts. There is an increase in inflation, the rates of which range from modest to moderate. Companies note their prospects as positive but are worried about market volatility and rising interest rates.
The growth of USD is constrained by fears of tightening the US-China conflict, since the US attorney’s office suspected Huawei of stealing the commercial secrets of American technology companies and launched a criminal investigation.
Today, investors focus on the block of statistics on Canadian consumer inflation. However, market participants expect the indicators to remain unchanged, so the publication may not have a significant impact on trading.
Support and resistance
Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the flat dynamics emergence in the short term. MACD is growing, keeping a weak buy signal (located above the signal line). Stochastic, approaching the mark of “80”, reversed into a horizontal plane, reflecting the unsteady nature of the current corrective growth.
The current readings of the indicators do not contradict the further growth of the instrument; however, it is better to wait for additional signals to open new positions.
Resistance levels: 1.3322, 1.3368, 1.3419, 1.3443.
Support levels: 1.3247, 1.3200, 1.3179, 1.3140.


Trading tips
To open long positions, one can rely on the breakout of 1.3322. Take profit — 1.3419 or 1.3443. Stop loss — 1.3280.
The return of "bearish" trend with the breakdown of the level of 1.3247 may become a signal for further sales with the targets at 1.3179 or 1.3140. Stop loss — 1.3290.
Implementation period: 2-3 days.

USD/JPY: the dollar is strengthening 18 January 2019, 09:06

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 109.75, 110.05
Take Profit 111.00, 111.50
Stop Loss 109.40, 109.10
Key Levels 107.47, 108.00, 108.58, 109.07, 109.45, 110.00, 110.45, 111.00
Alternative scenario
Recommendation SELL STOP
Entry Point 108.95, 108.65
Take Profit 108.00, 107.80
Stop Loss 109.30, 109.50
Key Levels 107.47, 108.00, 108.58, 109.07, 109.45, 110.00, 110.45, 111.00
Current trend
USD grows moderately against JPY, renewing local highs since January 2, 2018.
Yesterday, investors were focused on the speech of the head of the Bank of Japan Haruhiko Kuroda. He noted that central banks should carefully assess the impact on the economy of unconventional monetary policy measures since they can cause various side effects. Kuroda also mentioned that rapidly aging societies, including Japan, may complicate the work of banks since reducing the demand for their services may induce financial institutions to encourage risky investments.
Today, during the Asian session, the pair is strengthening due to poor macroeconomic statistics from Japan. In December, the national Consumer Price Index slowed down from +0.8% YoY to +0.3% YoY. CPI excluding prices for fresh food fell from +0.9% YoY to +0.7% YoY, while the growth by 0.8% YoY was expected.
Support and resistance
On the daily chart, Bollinger bands reverse horizontally. The price range narrows, reflecting the emergence of an upward trend in the short term. MACD is growing, keeping a strong buy signal (the histogram is above the signal line). Stochastic is directed upwards but is near its highs, which indicates that USD can become overbought in the super short term.
It is better to keep current long positions until the market situation becomes clear.
Resistance levels: 109.45, 110.00, 110.45, 111.00.
Support levels: 109.07, 108.58, 108.00, 107.47.


Trading tips
Long positions can be opened after the breakout of the level of 109.70 or 110.00 with the targets at 111.00–111.50. Stop loss is 109.40–109.10.
Short positions can be opened after a downward reversal near current levels and a breakdown of the level of 109.00 or 108.70 with the target at 108.00 or 107.80. Stop loss is 109.30–109.50.
Implementation period: 2–3 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!