techincal analysis

Getting ready for the publication of significant statistics In this review, we suggest to consider the personal composite instrument (PCI) CNHRUB. It reflects the price dynamics of oil against the Canadian dollar. Will the CNHRUB quotations grow? Such a movement on the chart is observed in case...

Falling wholesale prices bearish for EURUSD The wholesale selling prices in Germany fell by 2.3% in October 2019 from the corresponding month of the preceding year. Will the EURUSD decline? The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising toward the...

Weak trade balance bearish for EURUSD French and German trade balanced for September were weaker than expected. Will the EURUSD decline? The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price fell below the 200-period moving average MA(200) which is falling. And...

Getting ready for the publication of significant statistics In this review, we suggest to consider the OIL vs. CAD personal composite instrument (PCI). It reflects the price dynamics of oil against the Canadian dollar. Will the OIL/CAD quotations grow? The upward movement is observed with the...

Brexit extension may reduce risks for UK companies The British FTSE 100 index is noticeably behind the S&P 500 due to Brexit risks and looks underestimated. Will the GB100 quotations grow? Since mid-2016, when a referendum on Britain's withdrawal from the European Union took place, the FTSE 100...

Slow US exports bearish for corn price US corn export expectations are down. Will the corn prices continue declining? US corn exports are off to a disappointing start. Unshipped corn sales for 2019-20 are at about 300 million bushels compared to over 500 million for 2018-19, According to US...

Lower output expectations bullish for coffee price Vietnam’s coffee production fell in October. Will the coffee prices continue rising? Vietnam’s coffee production is down: the General Statistics office in Vietnam estimates country’s coffee exports at approximately 1.67 million bags for the...

Demand for US soybeans in China may be less than expected Demand for US soybeans in China may not be as large as previously expected. Will the Soyb quotations continue falling? The U.S. Agriculture Department (USDA) previously reported exporting 475,000 tons of soybeans to China over the past...

Negotiations between the USA and China are successful In this review, we suggest to consider the currency pair New Zealand dollar against the Swiss franc Will the NZDCHF quotations grow? Such dynamics are observed with the weakening of the Swiss franc and the strengthening of the New Zealand...

Getting ready for publishing the statistics in Mexico In this review, we suggest to consider the Silver vs. MXN Personal Composite Instrument (PCI). It reflects the price dynamics of silver versus the Mexican peso. Will the XAGMXN quotations grow? Such dynamics indicates price growth of silver...

Getting ready for the meeting of the Central Bank of Norway Norges Bank is expected to leave its interest rate unchanged at 1.5% at its next meeting on October 24, 2019. Will the USDNOK quotations fall? Moving down indicates strengthening of the Norwegian krone. Over the past 13 months, the...

U.S. Liquefied Natural Gas Exports Reveals Historical High In this review, we suggest to consider the Gas vs Ruble Personal Composite Instrument (PCI). It reflects the price dynamics of US natural gas against the Russian ruble. Will the GAS/RUB quotations grow? Such a movement indicates that...

Technical setup bullish for AU200 Australia’s trade surplus declined as did business and consumer sentiment. Will the AU200 stock index continue advancing? Recent economic data from Australia were mixed: Australia's retail sales rose in August but trade surplus declined while private sector...

High demand bullish for corn price US export sales were stronger than forecast while quality ratings declined last week. Will the corn price continue rising? On the demand side US corn export inspections improved slightly last week compared to the one previous the last, rising to 18.4 million...

European Court ruling could help zloty rate The representative of the National Bank of Poland Lukasz Hardt said that the decision of the European Court of Mortgage Loans does not pose a risk to the Polish banking sector. Will the polish zloty continue growing? On the chart, it looks like a...

Declining ISM manufacturing index bearish for DJI Manufacturing sector in US contracted for second straight month in September. Will the DJI stock index continue declining? Weak US data lately spurred concerns economy may be on verge of slipping into recession. ISM’s index for manufacturing...

In this analysis, we will consider the gold versus euro trading instrument from the Precious Metals group. Will the XAUEUR quotations fall? Such movement is observed when gold becomes cheaper, and a single European currency strengthens. The price of precious metals may decrease if the trade...

Getting ready to publication of USDA review Getting ready for the publication of the U.S. Grain Review Department of Agriculture (USDA). Will the wheat quotations grow? The data will be released on Monday, September 30, 2019 at 16-00 GMT. According to a consensus forecast of analysts, in a USDA...

Coffee Exporters May Reduce Shipping Brazil's drought could have a negative effect on coffee yield. Will the Robusta quotations grow? The Indian Coffee Exporters Association does not rule out that Robusta coffee makers may slightly reduce coffee shipments from India in anticipation of more...

Industrial activity declines in Japan In August, manufacturing activity in Japan declined four months in a row. Is the weakening of Japanese Yen possible? The macroeconomic indicator Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in August fell to 49.3 points. For 4 months now...