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Wednesday, 26 April 2017

Trading plan and global macro overview for 26/04/2017


Trading plan and global macro overview for 26/04/2017:
The Asian stock market started the third day of gains amid the wave of optimism triggered by the French election. The Euro is gaining ground like other European currencies, the Yen loses a little. Crude Oil is bouncing up after weak API report yesterday. 
On Wednesday 26th of April, the event calendar is light in important economic releases, but global investors will keep an eye on the retail sales data from Canada and Crude Oil inventories from the US.

#SP500
http://fxparkiet.pl/post.php?id=7350
#USDCAD #GBPUSD #CrudeOIL
https://www.instaforex.com/forex_analysis/90968
#AUDUSD
https://www.instaforex.com/forex_analysis/90970


Friday, 21 April 2017

Trading plan and global macro overview for 21/04/2017










The market is trading with low volatility, no important data was published at night. The third day in a row, EUR/USD will begin the European session from 1.0720 level. USD/JPY rebounded above 109.00. The market is waiting for the first round of the French presidential election. The announcement of the reform of the tax system by the Trump administration, coupled with the good results of the companies, has bolstered the Wall Street index (Nasdaq has reached the highest levels in history). In Asia, a positive sentiment is seen first of all on the Tokyo exchange, where the Nikkei 225 is up 0.8%. WTI oil after Wednesday's fall is not able to permanently return over $51 per barrel and the ounce of gold is valued at $1,280. 

On Friday 21st of April, the event calendar is busy with macroeconomic data from the Eurozone (Flash Manufacturing, Services, and Composite PMI's), Great Britain (Retail Sales with Auto Fuel), Canada (Consumer Price Index) and the USA (Flash Manufacturing, Services, and Composite PMI's and Existing Home Sales).

#EURUSD #GBPUSD #USDCAD #GOLD

Wednesday, 19 April 2017

Trading plan and global macro overview for 19/04/2017

Trading plan and global macro overview for 19/04/2017:

The US debt yields have reached the lowest level since the start of Trump's presidency. It can not be surprising that the US Dollar is still weak, although today it rebounded slightly against the other G-10 currencies. EUR/USD at 1.0720 supports investors' peace of mind about the outcome of the French presidential election. USD/JPY remains below 109.00. The weakest of the main currencies is again the Australian Dollar. On Wall Street a modest discount, but there is over 1% decrease on Shanghai Composite. Prices of WTI oil barrel are sliding towards $52 and Gold ounce is priced at $1,285. 

On Wednesday 19th of April, the event calendar is very light in important economic data. Nevertheless, global investors will keep an eye on Consumer Price Index and Trade Balance data from the Eurozone and Crude Oil Inventories and Beige Book data from the US.

#EURUSD #GBPUSD #AUDUSD
#EURGBP
#DXY

Friday, 14 April 2017

Crude Oil Elliott Wave Analysis on Daily and H4









General overview for 14/04/2017:

This is the last chance count for the larger time frame impulsive scenario as the impulsive wave progression is not unfolding strongly to the upside as planned. Nevertheless, the current main count is still impulsive and bullish. On the H4 timeframe, the price is now in the corrective cycle that might evolve into a triangle pattern ( wave (iv)). The target for this wave is at the level of 51.48 and from this level, the impulsive wave progression for wave (v) should start.

Support/Resistance:

55.22 - Technical Resistance
54.84 - WR2
53.76 - WR1
51.77 - Weekly Pivot
51.48 - Technical Support
50.73 - WS1
48.42 - WS2

Trading recommendations:

The geopolitical tensions (fundamental events) and the current wave progression on daily and lower timeframes (technical analysis) are still in favor of further upside moves. This scenario will be invalidated only if the level of 47.05 is violated*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.



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Thursday, 13 April 2017

Gold XAUUSD Daily Analysis










General overview for 13/04/2017:

The upward move in Gold might have to start to show some signs of exhaustion soon as the wave (a) of the main count has just hit 78%Fibo at the level of $1292. Nevertheless, after the (b) be will unfold and hit the technical support at the level of $1265, then the wave (c) should unfold to the upside, targeting the level of $1337. Please notice, that the wave (c) will enter the great supply zone marked as gray rectangle between the levels of $1279 - 13337, so if this zone is clearly violated on the weekly or monthly time frame (candle close above this zone), then the next target might be at the level of $1432.

Support/Resistance:

1392 - 1432 - Weekly Supply Zone
1377 - Wave A Top
1337 - Wave (c) target Projection
1292 - 78%Fibo
1265 - Technical Support
1279 - 1334 - Supply Zone
1195 - Technical Support

Trading recommendations:

The current Elliott wave progression should keep unfolding upward in the coming days, albeit a small corrective wave to test the technical support at the level of $1265. No signs of trend reversal yet, bulls are in full control of the market*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.



★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!

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Trading plan and global macro overview for 13/04/2017










Trading plan for 13/04/2017: 

The US Dollar and US bond yields tumbled on Wednesday evening in response to President Donald Trump's interview when he said that the Dollar is too strong and that he prefers low-interest rates. Geopolitical risks around North Korea remain in place, which is supported by nervous trading in the equity market. Gold is soaring, oil is in a correction mode. Chinese Shanghai Composite grows by 0.2% due to better trade data. The Japanese Nikkei dropped 0.6% today, followed by USD/JPY. 
On Thursday 13th of April, the event calendar is not that busy with important news. Nevertheless, global investors will keep an eye on Bank of England Credit Conditions Survey data, Manufacturing Sales and New Houses Price Index data from Canada and PPI, Unemployment Claims and Prelim UoM Consumer Sentiment data from the US.


#EURUSD #USDCAD #GBPUSD
#DXY US Dollar Index

Monday, 10 April 2017

Trading plan and global macro analysis for 10/04/2017

The US Dollar has been extending gains since Friday when FED hawkish remarks were more bullish than NFP. Political risk also entails the bonus of defensive currencies, including the Dollar. The stock market is ambiguously circling the levels from the previous week's close. Oil is strong, but metals are losing ground slowly.
On Monday 10th of April, the economic calendar does not really offer any important news, but market participants will keep an eye on Industrial Production data from Italy and Sentix Investor Confidence data from the Eurozone

#SP500
#EURUSD #GBPUSD #USDJPY
#DXY
#CrudeOil

Friday, 7 April 2017

NFP Payrolls Friday trading plan and global macro analysis










NFP Payrolls Friday trading plan and global macro analysis for 07/04/2017:

The night session was primarily the talk of Donald Trump, the president of the United States, and Xi Jinping, chairman of the People's Republic of China. According to reports from Reuters, relations in the Washington-Beijing line have been warming up. Both sides are looking to expand their partnership - also on the commercial background. Exchange rate volatility has significantly increased after the US missile attacks on the Syrian government. In the first reaction, Gold prices shot up around $1,270 and Crude Oil prices shot up to the level of $52.50. 
On Friday 7th of April, the main event of the day will be the Non-Farm Payrolls report from the US, but the market participant will pay attention to Industrial Production data from the UK, the Unemployment Rate data from Canada and Baker Hughes US Rig Count data.


#EURUSD #GBPUSD #GOLD
#USDJPY
#CrudeOil

Wednesday, 5 April 2017

Trading plan and global macro overview for 05/04/2017










Trading plan and global macro overview for 05/04/2017:

On Wednesday 5th of April, the event calendar looks busy and the global investors will pay attention to PMI Services data from the UK, PMI Services and Composite data from across the Eurozone, ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI data from the US. Moreover, the FOMC Meeting Minutes will be released later on the day.


#EURUSD #GBPUSD #DXY
https://www.instaforex.com/forex_analysis/90157
#CrudeOil
https://www.instaforex.com/forex_analysis/90159
#NZDUSD
https://www.instaforex.com/forex_analysis/90161


 
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