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FXGLORY

ForexTechnical Analysis

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Technical analysis of NZD/USD dated 21.02.2013

 

NZD/USD in daily time frame is in ascending trend and could record the top price of 0.85321. The price has faced a downfall after this top price and has reached to the ascending trend line which is made of 6 bottom prices and prevents from more decrease of price, and with formation of a bottom price provides a field for ascending. According to the daily and weekly time frame of this currency pair, sellers selling pressure is tangible and the price has a good potential for breaking of the ascending trend line. As it is obvious in the picture bellow, according to the formed signs, there is Bat harmonic pattern that completing the D point is a warning for ascend of price.

 

Stoch indicator in 4H time frame is in saturation sell area and warns the possibility of ascending of the price according to the next cycles. According to the case that this signal is against the daily and weekly time frame, it does not have a high value. Generally until the formed bottom price on ascending trend line and D point of Bat harmonic pattern is preserved, there is the possibility of increase and ascend of price , and if the descending candle closes on the ascending trend line, there will be the potential for more descending of the price.

 

Untitled-18.jpg

 

FxGlory

2013.02.21

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Technical analysis of Silver date 26.02.2013

 

As it was mentioned in the previous analysis of Silver on 2013.01.10, according to the formed signs, there was the bullish potential which finally happened .The price was able to touch lowest supportive level of 28.29 during its bearish trend and This price was recorded by the bullish candles on 22 & 25th day .As it shown in figure bellow ,Between the High price of 35.37 and the Low price of 28.29 there is Three Drives Pattern harmonic pattern with ideal ratios that by completing the third point ,bearing trend signal is invisible.RSI indicator is in saturation sell area follows the bottom price of 28.29 and warns the possibility of bullish trend during the next days.Formation of a candle with small body and a Spinning Top candlestick pattern(21th and 22th) shows the indecision of market for ascending or descending and warns the formation of a lowest price in this area.Right now the first important warning for more ascending of price in this pair happens by breaking out the 29.25 level in daily time frame .Generally until the low price of 28.29 is respected, the price has the potential for be bullish from the harmonic pattern.

 

Silver-2013.02.26.jpg

 

FxGlory

2013.02.26

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Technical analysis of USD/CAD dated 27.02.2013

 

Since 14.01.2013 USDCAD had a strong Bullish trend with little reformation that shows the decision of buyers in reaching to the long term targets. This currency pair during its movement could touch the top price of 1.01318 .The price by reaching to the psychic level of 1.03000 could not pass it and retreated which the usage ability of this level can be seen in M15 time frame. According to the formed movement in the price chart , there is AB=CD harmonic pattern between the low price of 0.96320 and high price of 1.03018 with the ideal ratios of 50 to 200 and by completing the D point of this pattern there is the possibility for formation of a high price.Stoch indicator in Daily time frame is in saturation Buy area and warns the possibility of stopping of the bullish trend by the next cycle. If the candle formed a bearish shape , there will be the high price of 1.03018 . With the formation of a Doji pattern, there is a warning for formation of a Top price and changing direction in the chart but closing of the bearish candle at the end of day is necessary for attention to this signal. Generally until the Level price of 1.03018 is preserved, the price has the potential for descending and reformation.

 

Untitled-19.jpg

 

FxGlory

2013.02.27

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Technical analysis of GBPUSD dated 01.03.2013

GBPUSD during the recent weeks could descend without reformation and record the Bottom price of 1.50726.Right now the mentioned bottom price is recorded by the next ascending candle and is one of the most important supportive levels in front of price. As it is shown in the picture below, In the daily time frame, the descending trend of the price has been stopped when the price reached the blue supportive line and it formed the Fourth bottom price on this line. In 4H time frame , according to the formed movements the price is in divergence mode with the RSI indicator and warns about the formation of a bottom price and change in price direction. Also in daily time frame of 24th, the Counterrettack line pattern was formed which shows the possibility for formation of a bottom price and price ascending.

 

As it is obvious in the picture below, by breaking of the descending trend line (with SIX top prices) and converting of it to the supportive level in 1H time frame, there is a warning for ascending of the price.RSI indicator is in saturation sell area follows the bottom price of 1.50726 and warns the possibility of ascending during the next days.(In the Daily time frame). According to this point, this currency pair has experienced the strong descending trend in the past and also mentioned signs until this bottom price is preserved, there is the potential for price increase and reformation in this currency pair.

 

GBPUSD-2013.02.28.jpg

 

FxGlory

2013.03.01

Edited by FXGLORY

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Technical analysis of NZD/USD dated 04.03.2013

 

NZD/USD on 28.02.2013 during testing of a resistance level (made of 3 peak price) was not successful and finally descended. As it is obvious in the picture below, the price during its descend by Surmounting the supportive line (made of 2 bottom price) uses it as a resistance level and descends. Right now the price is under 5-day moving average and surmounts the supportive level of 0.82225 that shows the possibility of more descends in this currency pair. In weekly and monthly time frames, there is not a clear reason for ascending of the price and by the type of forming candles; there is the possibility of forming a top price.

 

Stoch indicator in weekly and monthly time frames is in descending cycle and warns the possibility of more descend in long term time frame. One of the important warnings for more descend in this currency pair is breaking and closing the descending candles under the 0.81910 level( this price level is protected by two important harmonic patterns and there is the potential for ascending of the price in this range that normally the buyers try to increase the price in this level). Generally the first sign for ascending of the price is formation of a bottom price and recording of it in daily time frame.

 

NZDUSD-2013.03.04.jpg

 

FxGlory

2013.03.04

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Technical analysis of AUD/USD dated 05.03.2013

 

AUD/USD on 01.06.2012 by creating the ideal bottom price (formation of hammer candlestick pattern) has started to ascend and could record the top price of 1.06234. As it is obvious in the picture below, the price in this currency pair is fluctuating in supportive and resistance level range that generally these levels acted successfully for 6 times. Right now the price by a downfall from the red resistance level has recorded the bottom price of 1.01150. The mentioned bottom price by facing the supportive channel edge and the blue supportive level has been stopped from more downfalls and finally has been ascended and has been reached to the resistance descending channel edge.

 

In daily time frame of previous day the ideal hammer candlestick pattern is seen that has long lower shadow and cause the failure of sellers in reaching to the lower price and possibility of formation of a bottom price in this range. By fixing of hammer candlestick pattern’s warning (closing of ascending candle at the end of the day) there is a possibility for ascending of price. According to the strong ascend of the price from the bottom price of 1.01150 to the resistance descending channel edge; there is the potential for price reformation in the chart. If the important blue supportive range breaks, the next important target for the sellers is the round level of 1.00000.

 

2013.03.05.jpg

 

FxGlory

2013.03.05

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Technical analysis of EUR/GBP dated 06.03.13

 

EUR/GBP during the recent weeks had a strong ascending trend and could record the top price of 0.88132. Right now the mentioned top price is one of the most important and nearest resistance level in front of the price that by breaking of it, the price finds the potential to reach the important resistance level of 0.90000. The price during its ascending trend by reaching to the descending resistance channel edge has been stopped and has made a top price that according to the formed candles is fixed. As it is obvious in the picture below (in daily time frame), the mentioned top price is in 76.4 Fibonacci level that there is the possibility of price reformation according to Fibonacci levels’ properties. In weekly time frame, Stoch indicator is in saturation buy area and in descending cycle also warns the possibility of descending of the next candles.

 

According to the type of previous week formed descending candles, there is a Dark cloud Cover candlestick pattern that warns stopping of ascending trend to the buyers. The first warning for descending in this currency pair is breaking of the supportive level of 0.85749. Generally until the resistance level of 0.88132 on resistance descending channel is preserved, the price has the potential for reformation and descends in this currency pair.

 

2013.03.06-EURGBP.jpg

 

FxGlory

2013.03.06

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Technical analysis of Gold dated 07.03.2013

 

The price in Gold chart on 20.09.2013 is between two important supportive and resistance levels which were successful and prevented passing of price from their own price level. The price could record the bottom price of 1555.77 during its downfall and this bottom price is fixed by the next ascending candles and if this supportive level breaks, the price will have the potential for a downfall and reaching to the important supportive level of 1530.73. As it is obvious in the picture below, between the top price of 1754.26 and the bottom price of 1555.77 there is an ideal AB=CD harmonic pattern that from the D point of this pattern, there is a warning for ascending of price during the next days.Stoch indicator confirms the created bottom price in daily time frame and warns about ascending in the next candles according to the next cycle. According to the closing of previous candles in weekly time frame, there is a Inverted Hammer candlestick patterns that warns the possibility of price changing direction and formation of a bottom price in this price range. One of the warnings for ascending of the price is breaking of the resistance level in 30 minutes time frame. Generally until the bottom price of 1555.77 in daily time frame is preserved, there is the possibility of increase and ascend in Gold chart.

 

2013.03.07-GOLD.jpg

 

FxGlory

2013.03.07

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Technical analysis of EUR/JPY dated 08.03.2013

 

EUR/JPY from the price level of 94.123 was in an ascending trend and could ascend without price reformation during this trend that shows the certainty of buyers in reaching to the pre-determined target price (this was mentioned in technical analysis of 16.08.2012). Right now the price descends from the top price of 127.661 and has recorded the bottom price of 118.735 that it can be a possibility for ascending of the price. The price in weekly, daily, 4H and 1H time frame is above 5-day moving average that shows an ascending trend and increase of price.According to the point that in long term time frames such as weekly and daily there is not a clear reason for descending of price, the possibility of ascending in this currency pair is tangible, so the next target of buyers is the resistance level of 127.661. at least formation of a top price and fixing of it in daily or 4H is necessary for continuing this descending trend.

 

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FxGlory

2013.03.08

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Technical analysis of USD/ CHF dated 11.03.2013

 

As it was mentioned in the previous analysis of this currency pair dated 04.02.2013, according to the formed signs in this price chart, there was the possibility of price ascending which finally happened. The price could record the top price of 0.95523 that is fixed in 4H time frame. The price by reaching to the mentioned resistance level (dating back to 13.11.2013) has been stopped that was a midterm target price for the buyers. In long term time frames such as weekly and daily time frames there is no clear reason for descending of the price and the price is above 5-day moving average which warns more ascend in long term intervals.The firs signal for continuing the ascending trend is breaking of resistance level of 0.95523. According to the formed candles in 4H, the buyers have retreated. Right now in 4H time frame the price is in divergence mode with RSI indicator and confirms the top price of 0.95523 in a descending trend. Generally until the mentioned top price in 4H time frame is preserved, the price has the potential for reformation.

 

Untitled-1.jpg

 

FxGlory

2013.03.11

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Technical analysis of AUD/JPY dated 12.03.2013

 

AUD/JPY had an ascending trend without a noticeable reformation during the recent weeks that shows buyer certainty in reaching to the predetermined targets. The price could record the top price of 99.546 in 4H time frame which is fixed by descending candle. The price by reaching to the resistance ascending channel edge has been stopped from more ascend and by forming a Shooting Star candlestick patterns( possibility of formation of a top price and changing price direction)and fixing of it by a descending candle has prepared the field for creating a top price and a descending trend.In daily time frame the price by reaching to the resistance level made of 3 top prices has been stopped and by closing of descending daily candle, there is a warning for stopping of ascending trend and buyers trades. As it is obvious in the picture bellow, according to the formed movements, the price is in divergence mode with RSI indicator and confirms the mentioned top price is 4H time frame which generally warns the possibility of changing price direction. Generally until the mentioned top price on the resistance channel edge is preserved, the price has the potential for reformation and descending in this currency pair.

 

Untitled-11.jpg

 

FxGlory

2013.03.12

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Technical analysis of GBP/USD dated 13.03.2013

 

GBP/USD had a strong and without reformation descending trend during the recent weeks and could record the bottom price of 1.48306. As it is obvious in the picture below, the price has been stopped by reaching to the supportive line which is made of 4 bottom prices and has recorded the bottom price of 1.48306 on this line and it is fixed by the next ascending candles. According to the strong downfall of price from the top price of 1.63775, it seems that the price is saturation sell area and there is the possibility of price reformation. In daily time frame with the types of price movements in previous day, hammer candle stick pattern has appeared that warns the formation of a bottom price and the failure of sellers in reaching to the lower prices.The first warning in midterm interval for stopping the descending trend and starting the ascending trend is breaking of the descending red trend line in 4H time frame. Generally according to the recent strong descending trend until the bottom price of 1.48306 is preserved, there is the potential for price reformation in this currency pair.

 

2013.03.13.jpg

 

FxGlory

2013.03.13

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Technical analysis of AUD/USD dated 14.03.2013

 

As it was mentioned in the previous analysis of this currency pair dated 05.03.2013, according to the formed signs in this price chart, there was the possibility for ascending of price which finally happened. The price could record the top price of 1.03814 during the recent increase. As it is obvious in the picture below, the price by reaching to the resistance range that is made of 3 top prices has stopped from more ascend and has formed a top price in this range. According to the formed movements in the chart, between the bottom price of 1.01143 and the top price of 1.03814, there us AB=CD harmonic pattern with the ratios of 50 to 161.8 that warns the price descends from the D point of this pattern.

 

Breaking the D point shows the certainty of the buyers in reaching to the predetermined targets in this currency pair. RSI indicator with the recent ascend is in saturation buy area and shows the possibility of stopping the price in midterm interval but because it is not in the same direction with daily time frame, this signal is not much reliable. Generally according to the formed signs until the D point of this pattern is preserved, the price has the potential for descend in this currency and if the resistance level of 1.03814 breaks, the previous analysis of this currency pair will be reliable.

 

Untitled-12.jpg

 

FxGlory

2013.03.14

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Technical analysis of USD/ CHF dated 15.03.2013

 

In the previous technical analysis of this currency pair dated 11.03.2013, according to the formed technical signs, there was the potential for price reformation which finally happened (as it was mentioned there was no clear reason for descending in weekly and daily time frames).the buyers could record the top price of 0.95644 that the price by reaching to this price level is in descending trend range also a resistance level and lose its ability for ascending. Right now with the recent downfall, the 0.95644 top price is fixed and it is under 5-day moving average in 4H time frame that shows the descending of price.

 

RSI indicator is in saturation buy area and warns the potential for formation of a top price and descending of price according to the next cycle. For the technical analysts, breaking of the ascending channel is an important warning for changing trend direction. Generally until the third point of descending trend line is preserved, the price has the potential for descend and reformation in this currency pair.

 

Untitled-13.jpg

 

FxGlory

2013.03.15

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Technical analysis of USD/JPY dated 18.03.2012

 

USD/JPY in recent weeks has a strong ascending trend that shows the serious buyers in reaching to their target prices. The price during this ascending trend could record the top price of 96.688 that is the most important resistance level in front of price. As it is obvious in the picture below, the price has been stopped by reaching to the long term descending trend and is not able to ascend more which is a warning for buyers about changing price direction. According to the recent descend, the price closed under 5-day moving average and warns the potential for more descending.The price in the resistance edge of two Fibonacci levels of 261.8 and 161.8 has formed a top price that is this top price there is an important and ideal Evening star candlestick pattern with 4 stars which is an important warning for the formation of a top price and continuing the descending trend. According to the formed movements in daily time frame, right now the price and RSI indicator are in divergence mode and there is the potential for changing price direction. Generally until the mentioned top price is preserved, the price has the potential for descending and reformation in this currency pair.

 

Untitled-14.jpg

 

FxGlory

2013.03.18

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Technical analysis of AUD/ NZD dated 19.03.2013

 

AUD/ NZD from the bottom price of 1.21378 had a strong ascending trend and could record the top price of 1.26733 during this ascend. As it is obvious in the picture below, the price by reaching to the descending trend line which is made of 4 top prices is not able to ascend more and has been stopped. By closing of the descending candle on 15th day in daily time frame, the price level of 1.26773 is fixed as a top price. Stoch indicator in daily time frame is in saturation buy area and according to the next cycle confirms the mentioned top price but because of not being in the same direction with other long term time frames is not reliable.In weekly and monthly time frames of this currency pair there is not a clear reason for descending of price and there is a potential for ascending in long term interval. The first sign for starting the descending trend and price reformation is, breaking of the supportive level of 1.25551 in this currency pair. Generally until the mentioned top price on descending trend line is preserved, the price has the potential for descending and downfall.

Untitled-15.jpg

FxGlory

2013.03.19

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Technical analysis of EURCAD dated 22.03.2013

 

EUR/CAD during its ascending trend and reaching to the resistance line of ascending channel has been stopped and by recording a top price has prepared a field for price reformation and a downfall. Right now as it is obvious in the daily time frame , the price during the downfall from the mentioned top price and reaching to the supportive edge of ascending channel ( made of 3 bottom prices) has stopped and has recorded the bottom price of 1.31715. In weekly time frames of this currency pair there is not a clear reason for ascending of the price and the first warning for ascending of the price in long term interval is creating a bottom price in weekly time frame. The most important supportive level in front of price for preventing more downfalls is the ascending trend line and also the alterant level which is shown in the picture below.

 

According to this point( until the bottom price of 1.31715 is preserved ) in daily time frame of this currency pair , the 4th point on ascending trend line has formed and if the resistance level of 1.33014 breaks, there will be the possibility of ascending and increase of price in ascending channel.

 

2013.03.21.jpg

 

FxGlory

2013.03.22

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Technical analysis of GBP/USD dated 25.03.2013

 

As it was mentioned in the previous analysis of this currency pair dated 13.03.2013 according to the formed signs in this price chart, there was the possibility of ascending of price which finally happened. Right now in daily time frame the price is closed above 5-day moving average and could record the top price of 1.52590. Also in weekly time frame the previous week candle was above 5-day moving average and Stoch indicator is in ascending cycle and warns the possibility of ascending of the price during the next weeks. As it is obvious in the picture below , the price has been stopped by reaching to the descending trend line ( made of 2 peak prices) during the ascending trend and has recorded the top price of 1.52590 that warns descending and reformation of the price during the next candles.

 

Right now according to the formed movements in the chart, there is an important Inverted head and shoulders pattern that warns changing price direction from descending to ascending trend. According to the point that in this pattern usually there is a short reverse to the Neck line; one of the possible targets of a downfall from the top price of 1.52590 can be the Neck line of this pattern. The first warning for starting and continuing the ascending trend is breaking of the descending trend line in this currency pair.

 

Untitled-16.jpg

 

FxGlory

2013.03.25

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Technical analysis of EUR/AUD dated 26.03.2013

 

EUR/AUD during the recent weeks by breaking and crossing the ascending trend line (with 4 bottom prices) has experienced a strong descending trend and could record the bottom price of 1.22556. Right now in daily and weekly time frames, the price is under 5-day moving average that shows the strong descending trend and warns about more descending. As it is obvious in the picture below, the price is in descending channel and could touch the supportive edge of this channel. In 4H time frame, the formation of candles with small body and hammer candlestick pattern (shows stoppage of descending and indecision market) shows that most of the sellers use this supportive level for analyzing their trades.

 

Stoch indicator in 4H time frame is in saturation sell area and warns about price reformation according to the next cycle ( also it confirms hammer candlestick pattern). according to the selling pressure and strong descending trend in this currency pair, this signal does not have a high validity. If the bottom price of 1.22556 breaks, the price has the potential of reaching to the supportive range which is shown in the picture below. One of the important warning to end the descending trend and starting of the price reformation is formation of a bottom price and breaking of the descending channel in daily time frame.

 

2013.03.26.jpg

 

FxGlory

2013.03.26

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Technical analysis of AUD/USD dated 27.03.2013

 

AUD/USD was in ascending trend from the bottom price of 1.01137 that during this ascending trend the buyers could record the top price of 1.04950. The price by reaching to the descending trend line (made of several peak prices) has been stopped from more ascending and right now is in the price reformation condition.In 4H time frame the top price of 1.04950 has been recorded and the Stoch indicator by being in a descending cycle confirms the mentioned top price but because of not being confirmed by the larger time frame, it does not have a high validity.

 

Right now the next important resistance level is the round level of 1.05000 that buyers tried to get this price yesterday at 5 PM and finally they were successful. Generally if this resistance level breaks, the price will find the potential for ascending and reaching to the resistance range which is shown in the picture below.In weekly time frame of this currency pair there is no clear reason for descending of the price and the price by being above the 5-day moving average and also ascending cycle of Stoch indicator warns about going forward to the resistance levels.One of the important warnings for starting the price downfall is breaking the ascending trend line (made of three bottom prices) in 4H time frame.

 

Untitled-17.jpg

 

FxGlory

2013.03.27

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Technical analysis of NZD/CHF dated 28.03.2013

 

NZD/CHF during the recent days had an ascending trend that could record the top price of 0.79926. as it is obvious in the picture below, the price by reaching to the long term descending trend line ( made of 2 peak prices)dated back to the 2010 has been stopped and the buyers were unable to pass this resistance line.According to the formed movements in the price chart, between the bottom price of 0.76471 and the top price of 0.79926 there is an AB=CD harmonic pattern with the ideal ratios of 61.8 and 161.8 which the D point of this pattern is completed and warns about descending of the price in this price range. Stoch indicator in 4H time frame is in the saturation buy area and is in divergence mode with the price chart that warns about changing price direction.According to this point that in long term time frames, price is above 5-day moving average and there is not any clear reason for descending of the price, if the price level of 0.79926 and descending trend line breaks, the price will find a potential for going toward the targets such as the important round level of 0.80000 and 0.81329 level.

 

2013.03.28.jpg

 

FxGlory

2013.03.28

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Technical analysis of Gold chart dated 29.03.2013

 

As it was mentioned in the previous technical analysis of Gold on 07.03.2013, according to the formed signs in the chart there was the possibility of price ascend that finally happened and it is still valid for this chart. The price has been stopped in its downfall by recording the bottom price of 1593.88. As it is obvious in the picture below, the price by reaching to the ascending trend line made of 7 peak prices has been stopped from more descending and the buyers are hopeful about ascending of price from this supportive level.Stoch indicator in 4H time frame is in saturation sell area and according to the next cycle confirms the created bottom price and warns about the possibility of price ascend. In case of ascending of the price, one of the buyers target will be the drawn resistance line. One of the important warnings is breaking the resistance level of 1616.74 for ascending of the price and leaving this range (which is the top price level in previous week).

 

Untitled-18.jpg

 

FxGlory

2013.03.29

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Technical analysis of GBP/AUD dated 01.04.2013

 

GBP/AUD is in a long term descending trend that right now is in the lowest price levels during the recent 20 years. The price in this currency pair during the descending trend could record the bottom price of 1.43759. as it is obvious in the picture below, the price by reaching to the blue supportive level ( made of 2 bottom prices) has been stopped from more descending . In weekly time frame formation of candles with long lower shadow shows the sellers failure in reaching to the lower prices and warns about the potential for formation of a successful bottom price for increasing of the price.According to the formed movements in the price chart, between the top price of 1.61781 and the bottom price of 1.43759 there is an ideal harmonic pattern with the ratios of 78.6 and 127.2 that by completing the D point of this pattern, there is a warning for ascending of the price and changing price direction. Generally until the bottom price of 1.43759 is preserved, the price has the potential for ascending and changing price direction in this currency pair.

 

GBPAUD.jpg

 

FxGlory

2013.04.01

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Technical analysis of EUR/USD dated 03.04.13

 

EUR/USD from 04.02.2013 was in a reforming and falling trend that could record the bottom price of 1.27505 during this descending trend. The price has been stopped during its descending trend by reaching to the supportive level (made of 2 bottom prices) and has made the bottom price of 1.27505 that provides the filed for stopping of the price downfall. In long term time frames such as weekly and monthly time frames, the price has closed under the 5-day moving average that shows a descending trend and generally there is no clear reason for ascending of price in long term intervals in this currency pair. As it is obvious in the picture below, in 4H time frame the price descends from the top price of 1.28771 that by reaching to the ascending trend line has stopped and has created a bottom price.

 

Stoch indicator in 4H time frame is in saturation sell area and according to the next cycle confirms the created bottom price and warns about the possibility of ascending of the price during the next candles. According to the next descending trend line, the first warning for changing trend direction and increasing of the price is breaking of this resistance line.

 

5.gif

 

FxGlory

2013.04.03

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Technical analysis of EUR/NZD dated 04.04.2013

 

EUR/NZD was in a descending trend from the top price of 1.63538 that could record the bottom price of 1.51770. Right now this bottom price is fixed by the next ascending candles and is the next nearest supportive level. If this supportive level breaks , the price will have the potential of reaching to the important supportive level of 1.50000.as it is obvious in the picture below, the price in a descending channel during its descending trend that the supportive level of this channel prevent it from a downfall for several times and each time the price has ascended. According to the formed movements in the price chart, the price and RSI indicator are in divergence mode and warns about the potential of changing price direction in this currency pair.

 

In daily time frame there is a hammer candlestick pattern (also a Harami pattern) that shows the sellers retreat for reaching to the lower prices that it needs confirming with closing of an ascending candle. By breaking of the resistance level of 1.53747 and passing of it, there will be an important signal for changing price direction and the buyers will find more hope to control the market. Generally until the bottom price of 1.51770 is preserved, the price has the potential for reformation and ascending.

 

EURNZD-Analysis-2013.04.04.jpg

FxGlory

2013.04.04

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    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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