Technical Analysis from IFC Markets

IFC Markets

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Oct 31, 2012
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GBP/USD Technical Analysis - GBP/USD Trading: 2021-11-23​


GBP/USD Technical Analysis Summary​

Sell Stop։Below 1.3349
Stop Loss։Above 1.3408​

Indicator Signal
RSI Buy
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell


GBP/USD Chart Analysis​



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GBP/USD Technical Analysis​

The technical analysis of the GBPUSD price chart on 1-hour timeframe shows GBPUSD: H1 failed to breach the resistance line under the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.3349. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.34708 After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - GBP/USD​

UK’s private business sector expansion accelerated in November. Will the GBPUSD price retreat reverse?

UK’s private sector expansion accelerated in November: Markit reported UK Flash Manufacturing PMI rose to 58.2 in November from 57.8 in October, when a decline to 57.2 was forecast. This is bullish for GBPUSD. However, the current setup is bearish for the pair.
 

IFC Markets

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EUR/USD Technical Analysis - EUR/USD Trading: 2021-11-25​



EUR/USD Technical Analysis Summary​



Buy Stop։Above 1.1228​

Stop Loss։Below 1.1201​



Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is attempting to rebound toward the 200-period moving average MA(200) after breaching above the resistance line. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.1228. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.1201. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

German GDP for the third quarter was downgraded. Will the EURUSD price resume retreating?

German GDP was downgraded for the third quarter. The Destatis federal statistical office reported Germany’s gross domestic product (GDP) rose 1.7% in the third quarter of 2021 over the second quarter, after estimating in preliminary report German economy expanded 1.8% in Q3. This is bearish for EURUSD. However current technical setup is bullish for the EURUSD pair.
 

IFC Markets

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Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2021-11-26​


Hang Seng Index Technical Analysis Summary​



Sell Stop:Below 24415.9​

Stop Loss:Above 25734.3​



Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell


Hang Seng Index Chart Analysis​



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Hang Seng Index Technical Analysis​

The technical analysis of the HK50 price chart in daily timeframe shows HK50: Daily is retracing after failed attempt to breach the resistance line below the 200-day moving average MA(200). We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 24415.9. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian boundary at 25734.3. After placing the pending order the stop loss is to be moved every day to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (25734.3) without reaching the order (24415.9) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis of Indices - Hang Seng Index​

Hong Kong private sector activity expansion slowed in October. Will the HK50 price rebound continue?

Recent Hong Kong economic data in the last couple of weeks were mixed. Trade deficit narrowed in October while retail sales growth slowed in September, and Hong Kong private sector activity expansion slowed in October. Thus, trade deficit declined to H$30.5 billion from H$42.4 billion in September. But retail sales grew 4.7% over year in September after 10% increase in August. And Markit reported Hong Kong PMI declined to 50.8 in October from 51.7 a month earlier. Readings above 50 indicate sector activity expansion. Both demand and output rose for the ninth straight month, but rates of growth softened from September. Meantime, foreign demand fell, including new business from China. Slowing business activity is bearish for HK50.
 

IFC Markets

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AUD/USD Technical Analysis - AUD/USD Trading: 2021-11-29​


AUD/USD Technical Analysis Summary​



Buy Stop:Above 0.7159​

Stop Loss:Below 0.7131​



Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

AUD/USD Chart Analysis​

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AUD/USD Technical Analysis​

The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD: H1 is attempting to rebound after hitting 15-month low a day ago under the 200-period moving average MA(200) which is falling. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.7159. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.7131. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - AUD/USD​

Australian business profits continued to rise in third quarter. Will the AUDUSD price continue rebounding?

Australian business profits continued to rise in third quarter. The Australian Bureau of Statistics reported Corporate profits in Australia expanded by 4.0% over quarter in Q3, beating market expectations of 3% and following a 7.1% rise in Q2. This is bullish for AUDUSD.
 

IFC Markets

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USD/JPY Technical Analysis - USD/JPY Trading: 2021-11-30​


USD/JPY Technical Analysis Summary​

Sell Stop:Below 112.67
Stop Loss:Above 113.73

Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

USD/JPY Chart Analysis​



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USD/JPY Technical Analysis​

The technical analysis of the USDJPY price chart on 1-hour timeframe shows USDJPY: H1 is retracing down under the 200-period moving average MA(200) which is declining. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 112.67. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 113.73. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/JPY​

Japan’s unemployment rate declined in October. Will the USDJPY price retreating continue?

Japan’s unemployment rate declined in October: the Statistics Bureau reported unemployment rate ticked down to 2.7% in October from 2.8% in September, when no change was forecast. This is bearish for USDJPY.
 

IFC Markets

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Brent Crude Technical Analysis - Brent Crude Trading: 2021-12-01​


Brent Crude Technical Analysis Summary​

Sell Stop:Below 70​

Stop Loss:Above 83​





Indicator Signal
RSI Neutral
MACD Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell
Bollinger Bands Sell


Brent Crude Chart Analysis​



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Brent Crude Technical Analysis​

On the daily timeframe, BRENT: D1 broke down the support line of the long-term uptrend. A number of technical analysis indicators have generated signals for further decline. We do not rule out a bearish movement if BRENT: D1 falls below the last low: 70. This level can be used as an entry point. The initial risk limitation is possible above the last upper fractal, the 200-day moving average line and the Parabolic signal: 83. After opening the pending order, move the stop following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (83) without activating the order (70), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Brent Crude​

The risks of a new global lockdown have increased. Will the BRENT quotes continue to decline?

The manufacturer of one of the Covid-19 vaccines, Moderna, has expressed doubts that the vaccines will be effective against the new variant of the coronavirus, Omicron, as well as against the previous variant of Delta. A similar opinion was expressed by the American manufacturer of the drug for the coronavirus Regeneron. This contributed to the drop in world oil prices on Tuesday. Investors recalled that at the height of the coronavirus epidemic last year, oil prices fell almost to zero. The main reason for this was the introduction of quarantine in almost all countries and the reduction in motor fuel consumption. Note that the share of oil in the world used for the needs of road, sea, aviation and other transport reaches 60%. Market participants are now awaiting the next OPEC + meeting, which will be held on December 2, 2021. If the cartel members abandon the planned increase in production by 400 thousand barrels per day from the beginning of January 2022, then this could slow down the decline in oil prices. However, this is not yet very likely. Saudi Arabia's Energy Minister Prince Abdel Aziz bin Salman and Russian Deputy Prime Minister Alexander Novak said they should not worry about the new Omicron coronavirus strain for now.
 

IFC Markets

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GBP/USD Technical Analysis - GBP/USD Trading: 2021-12-03​



GBP/USD Technical Analysis Summary​

Sell Stop:Below 1.3254​

Stop Loss:Above 1.3298​





Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

GBP/USD Chart Analysis​



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GBP/USD Technical Analysis​

The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD: H1 is falling under the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.3254. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.3298. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - GBP/USD​

UK service PMI final reading was downgraded for November. Will the GBPUSD price retreat continue?

UK service PMI final reading was downgraded for November: Markit reported UK service PMI final reading was downgraded to 58.5 for November from 58.6 of flash estimate. This is bearish for GBPUSD.
 

IFC Markets

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EUR/USD Technical Analysis - EUR/USD Trading: 2021-12-07​



EUR/USD Technical Analysis Summary​



Sell Stop:Below 1.1253​

Stop Loss:bove 1.1296​



Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Sell
MA(50) Sell
Fractals Neutral

EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 has breached below the 200-period moving average MA(200) which is leveling off. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1253. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1296. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

German ZEW economic sentiment declined in December. Will the EURUSD price continue retreating?

German ZEW economic sentiment declined in December. The ZEW survey results showed German ZEW economic sentiment index declined to 29.9 for December from 31.7 for November. This is bearish for EURUSD.
 

IFC Markets

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Oct 31, 2012
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EUR/USD Technical Analysis - EUR/USD Trading: 2021-12-09​



EUR/USD Technical Analysis Summary

Sell Stop:Below 1.1310​

Stop Loss:Above 1.1336​

Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Sell
Parabolic SAR Sell

EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is retreating after hitting a weekly high yesterday. The 200-period moving average MA(200) has leveled off. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1310. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1336. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

Germany’s trade surplus declined in October. Will the EURUSD price continue retreating?

Germany’s trade surplus declined in October. The federal statistics department Destatis reported German trade surplus declined to 12.55 billion euro in October from 13.2 billion in September when a decline to 12.9 billion was forecast. This is bearish for EURUSD.
 

IFC Markets

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Grain Index Technical Analysis - Grain Index Trading: 2021-12-14​



Grain Index Technical Analysis Summary​



Sell Stop։ Below 681
Stop Loss։ Above 629​



Indicator Signal
RSI Sell
MACD Sell
MA(200) Neutral
Parabolic SAR Sell
Fractals Neutral
Bollinger Bands Neutral

Grain Index Chart Analysis​



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Grain Index Technical Analysis​

If you already have an account, please login to join the webinar. On the daily timeframe, Grain_4: D1 broke down the uptrend support line. A "Head and Shoulders" pattern is forming on the chart. A number of technical analysis indicators have formed signals for a decline. We do not exclude a bearish movement if Grain_4 falls below the last two lower fractals: 629. This level can be used as an entry point. The initial risk limitation is possible above the last two upper fractals, the maximum since September 2012 and the Parabolic signal: 681. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (681) without activating the order (629), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of PCI - Grain Index​

In this review, we propose to consider the "& Grain_4" Personal Composite Instrument (PCI). It reflects the price dynamics of a portfolio of 4 popular grain commodities. Will the Grain_4 quotes continue to decline?

The continuing strengthening of the US dollar may become a significant factor in a possible decline in world grain prices. Investors do not rule out any additional statements about plans to tighten monetary policy at the next Fed meeting on December 15. In addition, the U.S. The Department of Agriculture raised its forecast for the global wheat and corn harvest for the 2021/2022 growing season to 278.2 million tones and 305.5 million tones.
 

IFC Markets

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CFD on Bitcoin futures Technical Analysis - CFD on Bitcoin futures Trading: 2021-12-15​



CFD on Bitcoin futures Technical Analysis Summary​

Sell Stop:Below 0.0457
Stop Loss:Above 0.0608​



Indicator Signal
RSI Neutral
MACD Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell
Bollinger Bands Neutral

CFD on Bitcoin futures Chart Analysis​



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CFD on Bitcoin futures Technical Analysis​

On the daily timeframe, uBTC: D1 declines within the neutral range. A number of technical analysis indicators have generated signals for further decline. We do not rule out a bearish movement if uBTC: D1 falls below the last low: 0.0457. This level can be used as an entry point. Initial risk limitation is possible above the last upper fractal and Parabolic signal: 0.0608. After opening a pending order, move the stop-loss to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (0.0608) without activating the order (0.0457), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of CRIPTO - CFD on Bitcoin futures​

Investors fear of any negative statements from the Fed regarding the US cryptocurrency market. Will the uBTC quotes continue to decline?

A regular meeting of the FOMC will take place on December 15. Investors fear that the Fed will turn its attention to cryptocurrency markets. Some crypto exchanges issue interest-bearing financial products. On December 8, US House Committee on Financial Services discussed digital asset regulation, but nothing substantive was adopted. It can be assumed that if the Fed does not criticize cryptocurrencies, then uBTC quotes can rise despite negative signals from technical analysis.
 

IFC Markets

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EUR/USD Technical Analysis - EUR/USD Trading: 2021-12-17​



EUR/USD Technical Analysis Summary​



Sell Stop:Below 1.1311
Stop Loss:Above 1.1340

Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Buy
Fractals Sell
Parabolic SAR Buy
Fibonacci Sell

EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is retracing down after hitting two-week high above the 200-period moving average MA(200) yesterday. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.1311. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1340. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

Ifo’s business climate index for Germany declined for December. Will the EURUSD price retreating persist?

Ifo’s business climate index for Germany declined for December: ifo Business Climate Index fell from 96.6 points in November to 94.7 points in December, when a decrease to 95.3 was expected. This is bearish for EURUSD.
 

IFC Markets

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GBP/USD Technical Analysis - GBP/USD Trading: 2021-12-21​


GBP/USD Technical Analysis Summary​



Buy Stop:Above 1.3261​

Stop Loss:Below 1.3205​



Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

GBP/USD Chart Analysis​



90ea93932fd9a81fd775a8a1b07888af3dd51230.png


GBP/USD Technical Analysis​

The technical analysis of the GBPUSD price chart on 1-hour timeframe shows GBPUSD,H1 has breached above the 200-period moving average MA(200) which is level. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.3261. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.3205. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - GBP/USD​

UK’s Confederation of British Industry survey results were worse than expected for December. Will the GBPUSD price rebound persist?

UK’s Confederation of British Industry survey results were worse than expected for December: the CBI Distributive Trades Survey showed UK Retail sales growth slowed sharply in the year to December. The CBI Realized Sales index fell to 8 for December from 39 in November, when a fall to 24 was forecast. This is bearish for GBPUSD. However current technical setup is bullish for the pair.
 

IFC Markets

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AUD/CHF Technical Analysis - AUD/CHF Trading: 2021-12-22​


AUD/CHF Technical Analysis Summary​

Buy Stop:Above 0.668​

Stop Loss:Below 0.64​



Indicator Signal
RSI Neutral
MACD Buy
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral


AUD/CHF Chart Analysis​





d3644f1536a433638f0af7b9c7fc0537ffbf6892.png


AUD/CHF Technical Analysis​

On the daily timeframe, AUDCHF: D1 approached the downtrend resistance line. It must be broken upward before opening a position. A number of technical analysis indicators have formed signals for further growth. We do not exclude a bullish movement if AUDCHF rises above the last upper fractal: 0.668. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the low since October 2020 and the last down fractal: 0.64. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (0.64) without activating the order (0.668), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Forex - AUD/CHF​

Investors welcomed the Reserve Bank of Australia (RBA) Meeting Minutes. Will the AUDCHF quotes continue to grow?

The RBA Minutes noted the possibility of a rate hike when the actual inflation rate is stable in the range of 2% to 3%. In the 3rd quarter of 2021, the Australia Consumer Price Index rose 3% year over year. The Reserve Bank of Australia (RBA) Weighted Median Consumer Price Index climbed 2.1%. Investors are counting on an early rate hike. An additional positive was the RBA's plans to complete its asset repurchase (QE) program in February 2022, in case of good economic performance. He had previously planned to do so in May. An additional positive for the AUDCHF currency pair may be the announcement of the pharmaceutical company Moderna about the creation of a vaccine against the Omicron coronavirus. This could reduce investor interest in the Swiss franc as a defensive asset. The RBA rate is + 0.1%. Swiss National Bank (SNB) rate is negative -0.75%
 

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Platinum Technical Analysis Summary​

Buy Stop: Above 990​

Stop Loss:Below 890​

Indicator Signal
RSI Buy
MACD Buy
MA(200) Neutral
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutral

Platinum Chart Analysis​



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Platinum Technical Analysis​

On the daily timeframe, XPTUSD: D1 was unable to update the previous minimum and is trying to rise. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if XPTUSD rises above the last high: 990. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the minimum since November 2020 and the last lower fractal: 890. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (890) without activating the order (990), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Precious Metals - Platinum​

WPIC predicts an increase in global platinum demand in 2022. Will the XPTUSD quotes grow?

According to the WPIC, global demand for platinum in the automotive industry will grow by 14% this year and another 20% in 2022. This may be due to stricter environmental requirements, as well as the replacement of more expensive palladium with platinum. Total global industrial demand for platinum will increase by 26% in 2021, driven by a 65% increase in platinum consumption in the petrochemical industry and 72% in optical glass production. WPIC believes that global demand for investment platinum bars and coins in the 3rd quarter of 2021 has already increased by 25% and may grow by another 10% next year. Platinum is now the cheapest precious metal after silver.
 

IFC Markets

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Brent Crude Technical Analysis - Brent Crude Trading: 2022-01-04​


Brent Crude Technical Analysis Summary​

Buy Stop:Above 80​

Stop Loss:Below 70​



Indicator Signal
RSI Neutral
MACD Buy
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral


Brent Crude Chart Analysis​



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Brent Crude Technical Analysis​

On the daily timeframe, BRENT: D1 approached the downtrend resistance line. It must be broken upward before opening a buy position. A number of technical analysis indicators have formed signals for further growth. We do not exclude a bullish movement if BRENT rises above the last upper fractal: 80. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the last lower fractal, the 200-day MA and the lower Bollinger line: 70. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (70) without activating the order (80), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Brent Crude​

OPEC + is expected to continue to adhere to its long-term plan to increase production quotas. Will the BRENT quotes continue to rise?

It should be emphasized that OPEC + only sets quotas for oil production for the participating countries. The real increase in production depends on their production capabilities. The International Energy Agency (IEA) estimates that in November the backlog from the plan was 650 thousand barrels per day (bpd). Recall that OPEC + has declared an increase in oil production, monthly by 400 thousand bpd, since August 2021. The cartel is going to reach the dock level by September 2022. The next OPEC + meeting will take place on Tuesday, January 4, 2022. A typical increase in oil production is expected by the usual 400 thousand barrels per day (bd). It is unlikely that the cartel will demand from its members to eliminate the backlog of real production from quotas. Since the OPEC + Joint Technical Committee believes that the world market will have a surplus of oil in the amount of 1.4 million bpd. An additional positive for oil quotes was the announcement of the Libyan National Oil Corp on the reduction of oil production in Libya by 200 thousand bpd to an annual minimum of 700 thousand bpd due to the accident on the oil pipeline. In addition, Argus reported that demand for motor fuel in India in December 2021 almost reached the pre-pandemic level of December 2019.
 

IFC Markets

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Oct 31, 2012
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Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2022-01-10​


Hang Seng Index Technical Analysis Summary​



Buy Stop:Above 23640​

Stop Loss:Below 22400​



Indicator Signal
RSI Buy
MACD Buy
MA(200) Neutral
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutral


Hang Seng Index Chart Analysis​



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Hang Seng Index Technical Analysis​

On the daily timeframe, HK50: D1 exceeded the downtrend resistance line. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if HK50 rises above its last high: 23640. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, 2 last lower fractals, the minimum since March 2020 and the lower Bollinger line: 22400. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (22400) without activating the order (23640), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Indices - Hang Seng Index​

The Caixin China Manufacturing Purchasing Managers Index rose above forecasts in December. Will the НК50 quotes continue to rise?

Caixin PMI in December 2021 peaked since June at 50.9 points. Caixin China Services Purchasing Managers Index in December also exceeded forecasts and reached 53.1 points. Note that over 12 months, the Hang Seng stock index fell by almost 17%. It lags behind the Japanese Nikkei (+ 6.3%), Korean KOSPI (0%) and the American (+ 25.3%). Important economic data for December is due out this week in China: inflation, New Yuan Loans and trade balance. They are able to influence the dynamics of the NK50.
 

IFC Markets

Master Trader
Oct 31, 2012
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Robusta Coffee Technical Analysis - Robusta Coffee Trading: 2022-01-11​


Robusta Coffee Technical Analysis Summary​

Sell Stop:Below 2220​

Stop Loss:Above 2390​



Indicator Signal
RSI Sell
MACD Sell
MA(200) Neutral
Fractals Sell
Parabolic SAR Sell
Bollinger Bands Sell

Robusta Coffee Chart Analysis​

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Robusta Coffee Technical Analysis​

On the daily timeframe, ROBUSTA: D1 broke down the uptrend support line. A number of technical analysis indicators have formed signals for further decline. We do not rule out a bearish movement if ROBUSTA: D1 falls below the last low: 2220. This level can be used as an entry point. The initial risk limitation is possible above the last 2 upper fractals, the maximum since August 2011, the upper Bollinger line and the Parabolic signal: 2390. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (2390) without activating the order (2220), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Robusta Coffee​

The International Coffee Organization (ICO) reported an increase in global coffee exports. Will the ROBUSTA quotes continue to decline?

According to ICO, the global export of Robusta coffee increased in November 2021 by 5.7% y/y and amounted to 3.53 million tons. A week earlier, the American Commitment of Traders (COT) announced that on the ICE exchange, the number of net-long positions on Robusta coffee had reached a 10-year high. Correction of quotes can be triggered by closing buy positions. Another negative factor may be the forecast of the Brazilian agency Somar Meteorologia about the rains in Brazil. This can increase coffee yield. Previously, there was a drought in Brazil.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
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Cocoa Technical Analysis - Cocoa Trading: 2022-01-12​


Cocoa Technical Analysis Summary​

Buy Stop: Above 2616​

Stop Loss: Below 2414​



Indicator Signal
RSI Neutral
MACD Neutral
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Buy


Cocoa Chart Analysis​



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Cocoa Technical Analysis​

On the daily timeframe, COCOA: D1 has moved higher from the short-term upward channel. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish move if COCOA rises above the last high: 2616. This level can be used as an entry point. The initial risk limitation is possible below the 200-day moving average line, Parabolic signal, last lower fractal, 10-month low and lower Bollinger line: 2414. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (2414) without activating the order (2616), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Cocoa​

Drought risks in West Africa could drive up agricultural prices. Will the COCOA quotes rise?

Hot weather can be caused by the Harmattan trade winds. It is formed from late November to early March. West Africa produces 77% of the world's cocoa, so quotes are subject to weather conditions in the region. There are several other factors that can contribute to the rise in the price of cocoa. The government of the Ivory Coast announced a decrease in its shipments to ports from October 1, 2021 to January 2, 2022 by -5.9% to 1.11 million tons. This West African state accounts for 43% of the world's cocoa production. The International Cocoa Organization raised its forecast for global cocoa production in the 2020/2021 agricultural season by 9.3% to 5.17 million tones and the processing of cocoa beans by 4.3%. As a result, the global surplus may decrease by 7.8% compared to the previous season to 212 thousand tons. The growth in the processing of cocoa beans and, as a result, global consumption may be caused by the mitigation of the coronavirus epidemic. It is believed that a significant portion of the chocolate is purchased while traveling.
 

IFC Markets

Master Trader
Oct 31, 2012
1,938
9
84
London (Great Britain)
www.ifcmarkets.com

EUR/USD Technical Analysis - EUR/USD Trading: 2022-01-13​


EUR/USD Technical Analysis Summary​

Buy Stop: Above 1.1478​

Stop Loss: Below 1.1435​

Indicator Signal
RSI Sell
MACD Sell
Donchian Channel Neutral
MA(200) Buy
Fractals Buy
Parabolic SAR Buy


EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is rising above the 200-period moving average MA(200) which is tilted upward. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.1478. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.1435. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

Euro zone’s industrial output recovered in November. Will the EURUSD price rebound continue?

Euro zone’s industrial output recovered in November: the statistics office Eurostat reported euro area industrial production rose 2.3% over month in November after 1.3% decline in October. This is bullish for EURUSD.