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AUDUSD 12.08.2021

AUDUSD falls on risk-off sentiment.

AUDUSD under the bearish pressure today – under the effect of the significant Australian dollar bearishness and mild USD bullishness as the markets are currently in the risk-off mode. The risk off sentiment took hold as more countries have started reporting the local surges in the Delta variant cases – particularly China – which is, being the top trade partner of Australia, is showing the daily increase of the Covid-19 cases. As the result, the Australian dollar is sold as the result of the worsening covid situation in China. The pair is also driven down by mild USD bullishness after weekly Labor Department figures showed the number of Americans filing claims for unemployment benefits fell last week – which is a sign that the economic recovery from the COVID-19 pandemic continues to gather momentum in USA.

Expect sellers on upward corrections.

Next support to watch – 0,7320

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NZDUSD 13.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.70793-0.70698 and it is going to the target zone №2 0.71743-0.71648. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.69923-0.69828. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 0.69923-0.69828 (105 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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GOLD overview 13.08.2021

Gold rises on safe-haven inflows.

Gold continues to rise today – largely under the effect of the safe-haven demand from the investors worried about the continued spread of the virus across Asia. Asian markets were subdued today, pressured by the fallout from rising Delta coronavirus variant cases in several countries in the region. The on-going COVID disruption over Asian and the global economies means it is more likely that central banks will continue to provide stimulus, which ultimately leads to higher inflation and higher gold prices in the long term (with the gold serving as the hedge against the rising inflation). The markets will be looking at Michigan Consumer Sentiment Index later today for clues on the direction of gold prices.

Expect sellers on upward corrections.

Next resistance to watch – 1765,00

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EURUSD 16.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.17326-1.17238 and it has a potential to reach the target zone №2 1.16446-1.16358. The best prices to try to have a short position are the control resistance zone 1.18027-1.17939. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.18027-1.17939 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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BRENT overview 16.08.2021

Oil falls in weaker projected demand from China.

Oil under the bearish pressure today – falling more than 1%, after official report showed that refining throughput and economic activity slowed in China, which is seen by the markets as the indicator that fresh COVID-19 outbreaks are crimping the world’s second largest economy. Factory output and retail sales growth slowed sharply in July in China missing expectations as fresh outbreaks of COVID-19 and flooding disrupted business activity. Weaker-than-expected growth data from China, which is a major consumer of oil, and the resultant lowered demand expectations, is the main driver of the recent losses for oil. China’s crude oil processing last month also fell to the lowest on a daily basis since May 2020, as independent refiners cut production amid tighter quotas, elevated inventories and falling profits.

Expect sellers on upward corrections.

Next support to watch – 67,4

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GBPUSD 17.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.39330-1.39158 and it is going to the target zone №2 1.41050-1.40878. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.38111-1.37939. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.38111-1.37939 (190 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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NZDUSD overview 17.08.2021

NZDUSD crushes on new covid-19 cases.

NZDUSD falling strongly today under the effect of the powerful bearish new Zeeland dollar sentiment – as the markets are reacting to the latest report showing that the country identified its first COVID-19 case since February, prompting the government to announce new short-term lockdown measures. NZD fell sharply as the result, extending losses around 0630 GMT when Prime Minister Jacinda Arden said that Auckland – where the case was reported – would go into lockdown for seven days, while New Zealand as a whole will have the toughest level of lockdown for three days. This is hurting the prospects of the imminent rate hike announced earlier by the central bank. The pair is also driven down by moderate USD bullishness on risk-averse sentiment as Asian shares were rattled by concerns about China’s plans to regulate the internet sector.

Expect sellers on upward corrections.

Next support to watch – 0.6881

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AUDUSD 18.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.72665-0.72586 and it has a potential to reach the target zone №2 0.71865-0.71785. The best prices to try to have a short position are the control resistan

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.73255-0.73175 (90 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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EURUSD 19.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.16446-1.16358 and it has a potential to reach the target zone №2 1.15566-1.15478. The best prices to try to have a short position are the control resistance zone 1.17625-1.17537. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.17625-1.17537 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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USDCAD 20.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.27889-1.27709 and it is going to the target zone №2 1.29713-1.29529. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.26846-1.26669. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.26846-1.26669 (200 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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GOLD 23.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1779.73-1775.23 and it is going to the target zone №2 1824.73-1820.23. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1750.51-1746.01. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1750.51-1746.01 (500 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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GBPUSD 24.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 1.36391-1.36219 and it has a potential to reach the target zone №2 1.34671-1.34499. The best prices to try to have a short position are the control resistance zone 1.37910-1.37738. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 1.37910-1.37738 (190 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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AUDUSD 25.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.72738-0.72658 and it is going to the target zone №2 0.73538-0.73458. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.71908-0.71828. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

dcecf3d55774.jpg

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 0.71908-0.71828 (90 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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EURUSD 26.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.17607-1.17519 and it is going to the target zone №2 1.18487-1.18399. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.16866-1.16778. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.16866-1.16778 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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USDCAD 27.08.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 0.70041-0.69946 and it has a potential to reach the target zone №2 0.70991-0.70896. The best prices to try to have a short position are the control resistance zone 0.68874-0.68779. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

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Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 0.68874-0.68779 (105 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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EURUSD 30.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.17607-1.17519 and it is going to the target zone №2 1.18487-1.18399. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.17217-1.17129. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.17217-1.17129 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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GOLD 31.08.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1824.73-1820.23 and it is going to the target zone №2 1869.73-1865.23. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1778.20-1773.70. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

f4ba8ef17914.jpg

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1778.20-1773.70 (500 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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EURUSD 01.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 1.18487-1.18399 and it is going to the target zone №2 1.19367-1.19279. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.17569-1.17481. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

d92585ff916b.jpg

Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 1.17569-1.17481 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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AUDUSD 02.09.2021

Medium-termtrend: Bullish

The bull market is continuing. The price has already reached the target zone №1 0.73538-0.73458 and it is going to the target zone №2 0.74338-0.74258. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.73037-0.72957. In case of the price is fixed below the control resistance zone the medium-term trend will be changed to the bear market and all long positions should be closed.

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Trading recommendation:

It’s recommended to try to have a long position near the control resistance zone 0.73037-0.72957 (90 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current maximum. If this maximum changes by n points the zone should also be shifted n points up. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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USDJPY 03.09.2021

Medium-termtrend: Bearish

The bear market is continuing. The price has already reached the target zone №1 109.803-109.707 and it has a potential to reach the target zone №2 108.823-108.729. The best prices to try to have a short position are the control resistance zone 110.194-110.097. In case of the price is fixed upper the control resistance zone the medium-term trend will be changed to the bull market and all short positions should be closed.

0e0f52b9815c.jpg

Trading recommendation:

It’s recommended to try to have a short position near the control resistance zone 110.194-110.097 (110 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.

The control resistance zone is constructed from the current minimum. If this minimum changes by n points the zone should also be shifted n points down. The risk/reward ratio for every order should be at least 1/3.

All zones are constructed on the basis of data from the CME futures market.

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