Taiwan Export Orders Continue To Fall

Trading 20 août 2019 Commentaire »

Taiwan's export orders decreased further in July, but at a slower-than-expected pace, as the foreign demand for machinery and basic metals plummeted, figures from the Ministry of Economic Affairs showed on Tuesday.

Export orders fell 3 percent year-on-year in US dollar terms in July, which was much slower than the 5.9 percent decline economists had predicted.

In June, orders had fallen 4.5 percent.

Orders for machinery tumbled 19.7 percent and those for basic metals and products fell 16.1 percent. Bookings for optical, photographic, cinematographic equipment, information and communication products, electronics, textiles, plastics, rubber and chemicals also declined.

On the other hand, orders for electrical machinery products, transport equipment and mineral products increased.

Month-on-month, export orders grew 5.3 percent in July.

In the January to July period, export orders decreased 6 percent from the same period last year.


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*Eurozone Jun Construction Output Up 1% On Year Vs.1.7% In May

Trading 20 août 2019 Commentaire »

Eurozone Jun Construction Output Up 1% On Year Vs.1.7% In May


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*Eurozone Jun Construction Output Unchanged On Month

Trading 20 août 2019 Commentaire »

Eurozone Jun Construction Output Unchanged On Month


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GBP/USD: plan for the European session on August 20. Pound buyers have serious problems with 1.2190

Trading 20 août 2019 Commentaire »

To open long positions on GBP/USD you need:

The British pound began to decline against the US dollar after yesterday's unsuccessful attempt to overcome resistance at 1.2187. At the moment, the main task of the bulls will be to break and consolidate above the resistance of 1.2139, which will once again reach the high of 1.2187, where I recommend taking profits. If pressure on GBP/USD persists in the morning, it is best to open long positions provided that a false breakdown is formed in the support area of 1.2087, however, a low of 1.2040 will be a more acceptable level for purchases.

To open short positions on GBP/USD you need:

Sellers need the formation of a false breakdown in the resistance area of 1.2139, which will increase the pressure on the pair and lead to the resumption of the bearish trend in the area of lows 1.2087 and 1.2040, where I recommend taking profit. If buyers are able to cope with a high of 1.2139 in the morning, then it is best to count on GBP/USD sales on a rebound from a resistance of 1.2187, or sell the pound from a larger monthly high of 1.2240.

Signals of indicators:

Moving averages

Trading below 30 and 50 moving averages, which indicates the likelihood of returning pound sellers to the market.

Bollinger bands

A break of the lower border of the indicator at 1.2110 will increase pressure on the pound.

analytics5d5b96c67d75d.png

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
The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD: plan for the European session on August 20. Pound buyers have serious problems with 1.2190

Trading 20 août 2019 Commentaire »

To open long positions on GBP/USD you need:

The British pound began to decline against the US dollar after yesterday's unsuccessful attempt to overcome resistance at 1.2187. At the moment, the main task of the bulls will be to break and consolidate above the resistance of 1.2139, which will once again reach the high of 1.2187, where I recommend taking profits. If pressure on GBP/USD persists in the morning, it is best to open long positions provided that a false breakdown is formed in the support area of 1.2087, however, a low of 1.2040 will be a more acceptable level for purchases.

To open short positions on GBP/USD you need:

Sellers need the formation of a false breakdown in the resistance area of 1.2139, which will increase the pressure on the pair and lead to the resumption of the bearish trend in the area of lows 1.2087 and 1.2040, where I recommend taking profit. If buyers are able to cope with a high of 1.2139 in the morning, then it is best to count on GBP/USD sales on a rebound from a resistance of 1.2187, or sell the pound from a larger monthly high of 1.2240.

Signals of indicators:

Moving averages

Trading below 30 and 50 moving averages, which indicates the likelihood of returning pound sellers to the market.

Bollinger bands

A break of the lower border of the indicator at 1.2110 will increase pressure on the pound.

analytics5d5b96c67d75d.png

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
The material has been provided by InstaForex Company - www.instaforex.com

Forecast for AUD / USD pair on August 20, 2019

Trading 20 août 2019 Commentaire »

AUD / USD pair

The Australian dollar continues to spin up on the axis, expressed by the Fibonacci level of 23.6% of the July 19-August 7 fall. On the daily chart, the signal line of the Marlin oscillator continues to move straight up, the target 0.6822 - the correction level of 38.2% - remains relevant.

analytics5d5b6d647f5da.png

On the four-hour chart, the price breaks above the balance line and if successful, the trend balance will shift upward. The signal line of the Marlin oscillator will go into the growth zone (above zero) around the same time into the zone of positive values. A signal for growth will be the release of prices above the August 16 high at 0.6797.

analytics5d5b6d80bc409.png

The material has been provided by InstaForex Company - www.instaforex.com

Forecast for AUD / USD pair on August 20, 2019

Trading 20 août 2019 Commentaire »

AUD / USD pair

The Australian dollar continues to spin up on the axis, expressed by the Fibonacci level of 23.6% of the July 19-August 7 fall. On the daily chart, the signal line of the Marlin oscillator continues to move straight up, the target 0.6822 - the correction level of 38.2% - remains relevant.

analytics5d5b6d647f5da.png

On the four-hour chart, the price breaks above the balance line and if successful, the trend balance will shift upward. The signal line of the Marlin oscillator will go into the growth zone (above zero) around the same time into the zone of positive values. A signal for growth will be the release of prices above the August 16 high at 0.6797.

analytics5d5b6d80bc409.png

The material has been provided by InstaForex Company - www.instaforex.com

Indicator analysis. Daily review on August 20, 2019 for the EUR / USD currency pair

Trading 20 août 2019 Commentaire »

Trend analysis (Fig. 1).

Today, the pair will try again to break down the support line 1.1065 (yellow dashed line), but this will most likely happen after lunch. Before lunch (9.00 Universal time), the price will move up, with the target of 1.1094 - a pullback level of 14.6% (yellow dashed line).

analytics5d5b91cf4a674.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion: up.

The scenario with a low probability is an upward movement with the first target of 1.1115 - an upper fractal.

The material has been provided by InstaForex Company - www.instaforex.com

Indicator analysis. Daily review on August 20, 2019 for the EUR / USD currency pair

Trading 20 août 2019 Commentaire »

Trend analysis (Fig. 1).

Today, the pair will try again to break down the support line 1.1065 (yellow dashed line), but this will most likely happen after lunch. Before lunch (9.00 Universal time), the price will move up, with the target of 1.1094 - a pullback level of 14.6% (yellow dashed line).

analytics5d5b91cf4a674.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion: up.

The scenario with a low probability is an upward movement with the first target of 1.1115 - an upper fractal.

The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD: plan for the European session on August 20. A return to the level of 1.1095 will strengthen the position of buyers

Trading 20 août 2019 Commentaire »

To open long positions on EURUSD you need:

Yesterday, euro buyers managed to keep the pair below the lows of the previous week, which preserves the likelihood of building an upward correction. This will require good data on Germany and producer prices, as well as an exit and consolidation above the resistance of 1.1095, which will increase demand for the euro and lead to the renewal of a larger high of 1.1121, where I recommend taking profits. However, the main target of the bulls will be the 1.1153 level , which will allow us to build a new upward trend in the euro. In case the EUR/USD declines in the morning, it is best to return to long positions to rebound from a low of 1.1059.

To open short positions on EURUSD you need:

Bears need to form a false breakdown in the resistance area of 1.1095, which will only strengthen the downward trend and lead to an update of the low of the last week, which was not done yesterday. However, the farther target of the sellers will be support levels of 1.1028 and 1.0990, where I recommend taking profits. The lack of important news, apart from the report on Germany, could make it possible for EUR/USD to go above the resistance of 1.1095 in the morning. In this scenario, it is best to open short positions on a rebound from the highs of 1.1121 and 1.1153.

Signals of indicators:

Moving averages

Trading is carried out in the region of 30 and 50 moving average, which indicates a slowdown in the downward trend.

Bollinger bands

A break of the lower border of the indicator in the region of 1.1070 will strengthen the bearish trend.

analytics5d5b945fb025f.png

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
The material has been provided by InstaForex Company - www.instaforex.com