Trump supported the head of the Ministry of Finance and the US company, reassuring markets a little

Trading 26 déc 2018 Commentaire »

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On Tuesday, December 25, US President Donald Trump publicly supported Treasury Secretary Steven Mnuchin and US companies, while once again criticizing the monetary policy of the US Federal Reserve.

The US Treasury Department on Monday discussed with the representatives of financial regulators the state of the country's economy against the backdrop of a falling stock market. Investors reacted negatively to this, the main stock indexes of the country fell another 2%.

Earlier, S. Mnuchin held talks with the heads of the six largest US banks, who confirmed that they have sufficient liquidity to continue normal work and issue loans.

Donald Trump, commenting on the actions of the Ministry of Finance, said he was confident in Mnuchin. "Very talented guy. A very clever person" concluded the president.

In addition, D. Trump stressed that American companies are the best in the world and demonstrate outstanding results, and the reduction in the value of shares opens up excellent opportunities for investors.

According to the president, responsible for the current economic difficulties lies with the Fed and its head Jerome Powell because of too fast rate hikes.

During today's trading, as of 14:47 London time, the US dollar index rose 0.25% to 96.248, the S & P index of the largest American companies also added 1.53% of the value, reaching 2.377.62.

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USD/CAD analysis for December 26, 2018

Trading 26 déc 2018 Commentaire »

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Recently, the USD/JPY pair has been trading sideways at the price of 110.46. According to the H1 time frame, I have found that there is a strong downward trend and sellers are in control. In addition, I have found a breakout of the support trendline, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 110.15 and 109.15.

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Bitcoin analysis for November 26, 2018

Trading 26 déc 2018 Commentaire »

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Trading recommendations:

According to the H1 time frame, I found that there is a broken upward channel in the background, which is a sign that sellers are in control. I also found strong supply in the background, which is another sign of the bearish momentum. My advice is to watch for selling opportunities. The downward targets are set at the price of $3,410 and $3,154.

Support/Resistance

$3,937 – Intraday resistance

$3,613 – Intraday support

$3,410 – Objective target 1

$3,154 – Objective target 2

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EUR/USD analysis for December 26, 2018

Trading 26 déc 2018 Commentaire »

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1381. According to the M15 time frame, I found that the price is trading below the Ichimoku cloud, which is a sign that sellers are in control. I also found that there is a triple bottom, which is another sign of weakness. Watch for selling opportunities. The downward target is set at the price of 1.1356.

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GBP / USD pair: plan for the American session on December 26. The pound remains in the channel

Trading 26 déc 2018 Commentaire »

To open long positions on the GBP / USD pair, you need:

The main task for the second half of the day remains to be a breakthrough and consolidation above 1.2714, which will lead to the formation of a larger upward trend with the update of the highs in the area of 1.2762 and 1.2808, where I recommend taking profits. In the case of a decrease in the pound, support will be provided in the area of 1.2668, however, to open long positions for rebound is best at the low of 1.2721.

To open short positions on the GBP / USD pair, you need:

Sellers will try to keep the pair below the resistance of 1.2714, and the formation of a false breakdown will be a direct signal to the sales of the pound with access to the middle of the channel 1.2668, where the first profit taking will be. Larger sellers will count on updating the lower boundary of the channel in the area of 1.2621. In the case of growth above 1.2714 in the second half of the day, short positions can be considered to rebound from 1.2762 and 1.2808.

Indicator signals:

Moving averages

Trade is conducted in the area of 30-day and 50-day moving, which more indicates the formation of the lateral nature of the market.

Bollinger bands

Bollinger Bands indicator volatility has decreased, which does not give signals on market entry.

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Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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EUR / USD pair: plan for the US session on December 26. Euro buyers are in no hurry to return to the market

Trading 26 déc 2018 Commentaire »

To open long positions on EUR / USD pair, you need:

Buyers failed to stay above the support of 1.1396 in the morning, which led to renewed pressure on the euro. You can count on long positions on the rebound from the large support of 1.1358, however, the main task will be to return and fix above the resistance of 1.1396, which will lead to a larger upward correction to the maximum of this week in the area of 1.1439, where I recommend taking profits.

To open short positions on EURUSD you need:

As long as trading is conducted below 1.1396, the pressure on the euro will continue. The absence of important fundamental statistics may save the bear market, which will lead EUR/USD to the area of 1.1358 minimum, where I recommend taking profits. If the euro rises above 1.1396, short positions can be opened immediately to rebound from a maximum of 1.1439.

Indicator signals:

Moving averages

Trade has moved to the area of 30- and 50-day averages, which indicates the lateral nature of the market.

Bollinger bands

If the euro rises in the second half of the day, it is best to return to sales from the upper border of the Bollinger Bands indicator around 1.1427.

Video forecast for December 26

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Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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The dollar: the outcome of the year and what to expect in the coming

Trading 26 déc 2018 Commentaire »

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The dollar ends the year on a minor note. In general, it is still considered the best currency for the outgoing 2018, but the last weeks, as they say, spoil the statistics. The American fell against most major currencies under pressure from a number of negative factors, including heightened concerns about a partial closure of the US government and tensions between the White House and the Fed.

In addition, the currency is under pressure from a drop in the yield of 10-year US government bonds in December by about 25 basis points, which means that the prospects for the dollar are becoming even bleaker. There is every reason to believe that the dollar will continue to decline, but the yen, on the contrary, will become the main contender for replacement in these turbulent times. The dollar has already lost to her for eight consecutive sessions, the growing risks in the financial markets have benefited the Japanese currency and have a negative effect on the dynamics of the dollar.o4ED-Y9p1AAzf_7rp35B5oUz69JLpA4cn71mwlvE

In recent months, the dollar has struggled hard to get rid of the growing list of bear factors, including speculation about future US interest rates, declining bond yields, and falling oil prices. Despite this, the Fed raised rates for the fourth time this year and generally intends to adhere to its plans to raise rates next year, despite heightened economic risks. As a result, US President Donald Trump has intensified criticism of Fed Chairman Jerome Powell, and this public conflict has caused investor discontent. The partial closure of the US government also heightened their fears about growth prospects

If the dollar recorded the New Year's appeal, it would not have to say that "the outgoing year was difficult for us," it had no special reason to complain about the 2018th, but it was worth worrying that the coming year would.

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Technical analysis for US Dollar Index for December 26, 2018

Trading 26 déc 2018 Commentaire »

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Technical outlook:

An hourly chart view is presented here for a short-term outlook on the US Dollar Index. Since the last few trading sessions, due to the lack of liquidity, the US Dollar Index has been consolidating in a cone formation as highlighted on the chart. At the moment, the prices are seen to be trading at the 96.77 level, close to the resistance line. It may drop lower towards the support line of consolidation before pushing higher towards the 97.10 level, which is also the Fibonacci 0.618 resistance of the previous drop between the level of 97.71 and 96.20, respectively. If the prices manage to reach the level of 97.10, it should be considered as an opportunity to open short positions at the 97.71 level. Bears are expected to remain in control until the prices stay below the 97.71 level, while going forward.

Trading plan:

Short positions should be opened between the 97.00/10 levels with a stop order above 97.71, and the target of at least 95.00.

Good luck!

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Technical analysis for EUR/USD for December 26, 2018

Trading 26 déc 2018 Commentaire »

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Technical outlook:

Here you can see an hourly chart for the short-term trading setup. Please note that the EUR/USD pair has been consolidating since the last 2-3 trading sessions as depicted on the chart. It can be seen that the single currency is currently trading near the support zone of consolidation at the 1.1386 levels. In order to test the 1.1350 level, it is necessary to rally one more time to the resistance zone of the consolidation before dropping lower again. Please pay attention that 1.1350/60 is defined as support zone, since the Fibonacci 0.618 retracement of the previous rally between the level of 1.1270 and 1.1485 is passing through. Ideally, the EUR/USD pair is expected to bounce from the above levels and proceed through the 1.1620 levels as demonstrated on the chart. For this structure to hold true, the prices should stay above the 1.1270 support as highlighted here.

Trading plan:

Long positions should be opened from the 1.1350/60 levels with a stop order at 1.1270, and the target of at least 1.1620.

Good luck!

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Intraday technical levels and trading recommendations for GBP/USD for December 26, 2018

Trading 26 déc 2018 Commentaire »

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Since Mid-November, Successive Lower Highs have been demonstrated below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780.

Shortly after, before a quick bullish recovery on December 12, there was a quick bearish decline towards the price level of 1.2500.

A bullish Head & Shoulders pattern is being demonstrated on the H4 chart with a neckline located around 1.2660-1.2680. Bullish persistence above 1.2660-1.2680 is mandatory for confirmation. Pattern confirmation projects a bullish target towards 1.2880 again.

Friday's price action demonstrates the recent bullish breakout above the depicted downtrend line. This enhances the bullish side of the market as well.

Please take into consideration that the current bullish movement towards the price zone of 1.2680-1.2700 should be watched cautiously as this price zone corresponds to the backside of the broken consolidation range.

Bullish breakout above 1.2680-1.2700 is needed to continue further bullish advancement towards 1.2880 where there is the upper border of the previous consolidation range.

On the other hand, the current scenario may develop as a bearish flag pattern provided that the bearish persistence below 1.2660 (corresponding to the daily low) is maintained on a daily basis. The projected target for the bearish flag pattern is located around 1.2300.

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