+PlusBitcoin - 24/5/2017 -1.19%

Welcome, investors and partners the company!
Another trading week came to a close and it's time to announce results of trade during this period.
For May 24  company traders have managed to earn 1.19% net income for Standard Investors

We thank traders for their work and congratulate investors with the profit!

GBP/JPY Forecast May 25, 2017, Technical Analysis

The GBP/JPY pair initially tried to rally during the day on Wednesday, but found enough resistance near the 145.50 level to turn around and break below the 145 handle. There is significant support in the general vicinity of where we are trading, but I think a pullback might be likely to see buyers underneath. If we can break above the 145.50 level, that’s a very bullish sign and should send this pair looking for the 147 handle over the longer term. This is a market that does look as if it’s trying to turn the overall trend around and reach towards the upside, but it is going to be volatile as per usual. Remember, this pair tends to be very sensitive to risk appetite in general, and with that being the case it’s likely that the market will be very difficult to deal with.
Pay attention to the stock markets
Pay attention to the stock markets, because they are the easiest way to measure risk and less of course you can reach towards the bond market and make sense of yield. Remember, this pair tends to rally one traders are feeling bullish in general about economic growth, and of course the exact opposite when they are concerned as the Japanese yen tends to be a “safety currency.” Ultimately, I think you’re going to have to be very nimble and you will probably need to trade in smaller positions and think longer-term due to the volatile nature of this market and of course all of the concerns when it comes to oil, Syria, and North Korea in general. In general, it’s probably best to step away, and perhaps trade the other young related pairs, but a small position might be able to be used.

GBP/USD Forecast May 25, 2017, Technical Analysis


The British pound initially tried to rally during the day on Wednesday, testing the 1.30 level above. That’s an area that has been important more than once, so if we can break above there it would be a very bullish sign. Ultimately, the uptrend line that I have been paying attention to has held as I record this, so I believe that there is a possibility the buyers are going to enter the market rather quickly. If we do breakdown below the uptrend line, then I think the market will test the 1.29 handle, which will also be supportive. A breakdown below there should be a negative sign for the short-term, but I think there’s even more support below.
Turning around?
Currently, looks as if we are trying to turn around, but it will be a very volatile currency pair as we are looking at a situation where headlines coming out of both London and Brussels can move the markets very suddenly. With that being the case, it’s likely that the conditions going forward are going to be very choppy, and this should be something to keep in mind as position sizes might need to be smaller. However, if we rally from here I think this is a longer-term moved to the upside just waiting to happen, so therefore the position size doesn’t need to be as big. This could be more of an investment, reaching towards the 1.3450 level above.
Alternately, if we break down below the 1.2750 level, the market will then fall apart and go back into a bearish longer-term move. With this being the case, it’s very likely to fall precipitously if that happens. I still have a bullish bias, but I recognize there’s a lot of noise just waiting to happen.

NZD/USD Forecast May 25, 2017, Technical Analysis

The New Zealand dollar had a bumpy road on Wednesday, initially falling down to the 0.6990 level, but then bounced enough towards the 0.7040 level before falling again. I believe that we will continue to see volatility in this pair, as there are a lot of concerns when it comes to commodities. Also, the New Zealand economy is highly leveraged to commodities, so if they roll over, the New Zealand dollar typically will roll over. As you can see on the chart, I have that 72 hour exponential moving average, and it’s not until we break down below there that I would be comfortable selling. The market will probably continue to be very erratic as we are concerned about several issues at the same time. We of course have a bit of concern when it comes to geopolitical situations, and of course global demand.
Nimble trading will be necessary
I believe that Neville trading will be necessary and therefore is going to be difficult to trade this market for any type of longer-term trade currently. If we can break down below the aforementioned 72 hour moving average, the market should then go down to the 0.69 handle. The most recent high was lower than the previous one, so I think we are starting to see strains in the market. Ultimately, it’s not until we break above to a fresh, new high that I’m comfortable buying but I do recognize that we may have bounces in this market from time to time. With that being the case, I have more of a downward bias but I’m going to use the 72 hour exponential moving average as a trigger to get involved in this market to the downside. Until then, it’s probably best be on the sidelines.

USD/CAD Forecast May 25, 2017, Technical Analysis

The US dollar bounced around during the session on Wednesday, hovering just above the 1.35 level most of the time. However, later in the day the Bank of Canada suggested that the most recent inflation mess was an anomaly, and not something to be concerned about. Because of this, the market looks likely to favor the Canadian dollar in a situation where oil markets look to be fairly well supported. Quite frankly, as we broke below the 1.36 level, it’s likely that the selling pressure continues to be strong, mainly due to the oil prices. The oil market will more than likely be volatile, as the OPEC announcement comes out later in the day. If the OPEC announcement suggests that the production cuts are longer and deeper than anticipated, that will drive up the price of oil, and by extension drive this currency pair lower.
Selling rallies
I believe that we will continue to sell rallies as the market has made a fresh, new low again during the day, but I also recognize that the oil market will be paramount as to where we go next. After all, if OPEC disappoints the bullish oil traders out there, this market will more than likely turn around and with a quickness. Because of this, this pair could be one of the more interesting currency pairs over the next couple of sessions, as we will see a lot of volume jump in or out of oil pits.
Looking below, I believe that the 1.33 handle underneath should be supportive, and most certainly the 1.30 level under there. Longer-term, I believe that oil has major issues, but in the short term it’s obvious that the buyers have been running this market to the upside, causing the longer-term issue of shale producers in North America to jump in.

USD/JPY Forecast May 25, 2017, Technical Analysis

The USD/JPY pair had a quiet session during the day on Wednesday, as we continue to see the 112 level offer resistance. I believe that there is a “zone” of resistance all the way to the 112.50 level above. It’s not until we break above there that I’m comfortable buying, and I believe a pullback is likely in the short term. However, I think that there should be support near the 111.50 level, so we should see a bit of volatility. Remember, this pair tends to be volatile overall but I think that the market has plenty of buyers underneath, and eventually we will break out. However, you will probably be looking for short-term trades at best, as the move will continue to offer opportunities in both directions.
Two speed market
In my estimation, this is a 2 speed market as short-term traders will drop from here, but I think longer-term there is a lot of support underneath that should attract longer-term traders. Ultimately, the market will hinge on headlines, as there are a lot of political concerns around the world. As a general rule, as stock markets and markets in general feel comfortable, this market should continue to go higher as it shows a “risk on” attitude in the market, and therefore the Japanese yen being sold is a good sign for other markets. In the meantime, we will probably be looking at an opportunity to trade smaller positions as it will be easy to lose quite a bit of money on a shock announcement or headline. I believe that the longer-term grind to the upside will continue, but you will have to be able to “hold your nose” and deal with the volatility. Again, it all comes down to the time frame that you are looking to trade.

EUR/USD Forecast May 25, 2017, Technical Analysis

The EUR/USD pair went sideways during the session on Wednesday, hovering just below the 1.12 level. This market looks a bit exhausted, and certainly we have a lot of interest in this general vicinity. Longer-term, when you look at the weekly charts there is a clear consolidation area that extends to the 1.15 level above, and therefore I think that the market will eventually try to get there. Alternately, I believe that the market could breakdown from here, but I believe there is enough support underneath to probably offer enough buying pressure on dips. There are a lot of moving parts, but I believe that the European Union is starting to look better to investors, and of course traders.
3 years of sideways
The last 3 years have been sideways. The 1.05 level underneath continues to be support, while the 1.15 level above offers resistance. In the meantime, we are roughly in the middle of the trading range, and in an uptrend. While it will be volatile, it makes sense that we continue to show signs of life in this pair, and go looking to test that barrier again. I do not expect a break above there anytime soon, so currently this is probably a nice market to trade for short-term trades only. If we do breakout from here, I believe that the 1.11 level will offer support, just as the 1.10 level under there will. Volatility continues to be an issue, but given enough time I think that the markets will test both of those levels over the next several months. With this in mind, the last move has been to the upside, and we are not at the resistant jet. Because of that, I remain a short-term bullish bias but recognize pullbacks will happen.

EUR/GBP Forecast May 25, 2017, Technical Analysis

The EUR/GBP pair initially fell on Wednesday, but found enough support near the 0.86 handle to turn things around and gain. I think we are going to continue to see buyers come into this market on dips, as it appears that most of the markets are favoring the European Union over the United Kingdom when it comes to the divorce proceedings. This market has been in a nice uptrend for several sessions now, and I don’t see anything changing that. However, I do recognize that the 0.88 level above is very resistive, so it’s likely that we will continue to see sellers in that area. A break above there could send this market to the 0.90 level above.
Brexit talks
Remember that the Brexit conversation continues to dominate headlines, so every once in a while you can expect somebody on one side of the English Channel to say something to upset the apple cart. I think that’s going to continue to be one of the biggest problems training this market, so you need to be able to get out of your position and admit you’re wrong, least for the short-term, rather quickly. I believe in buying dips overall though, and again I believe that we are going to go looking for the 0.88 handle above. Ultimately, these markets will be noisy but it appears that traders are betting on the European Union coming out better than the United Kingdom.
The currencies will have to be repriced, especially after the actual divorce takes place. I think a lot of traders are trying to get ahead of that, as parity could be in the cards over the longer term. Through that prism, I am looking at how the market has been trading lately, and that seems to be the most obvious thesis.

AUD/USD Forecast May 25, 2017, Technical analysis

The Australian dollar was volatile during the session on Wednesday, initially dipping as low as the 0.7440 level, only to turn around and show signs of strength again to the 0.7485 level. We then fell again, as we continue to see massive amounts of choppiness. Keep in mind that the Australian dollar tends to be beholden to what’s going on in China and the gold markets, and of course that is starting to throw the pair around in chaos. For example, the Chinese numbers softening and of course the credit rating getting lowered will continue to weigh upon the Australian dollar. At the same time, if we get some type of bullish move in the gold market, then the Australian dollar becomes a proxy for that market for currency traders.
The 0.75 level
The 0.75 level above should continue to be resistive, and I would be the first to point out that the daily candle for the previous session was a shooting star at the 38.2% Fibonacci retracement level. Because of this, I think there is probably more of a downward bias than an upward bias currently. Ultimately, I think you will have to pay attention to what goes on in the gold markets and of course the Chinese stock markets, and pay a little less attention to the Australian economy itself. I think that there will be short-term selling pressure, but if we can make a fresh, new high and above the highs from the session on Tuesday will more than likely offer a buying opportunity. All things being equal though, I would anticipate more softness going forward as any type of uncertainty tends to weigh upon the Australian dollar rather quickly, and of course the US dollar tends to be a bit of a safety currency.

+PlusBitcoin - 23/5/2017 -1.89%

Welcome, investors and partners the company!
Another trading week came to a close and it's time to announce results of trade during this period.
For May 23  company traders have managed to earn 1.89% net income for Standard Investors

We thank traders for their work and congratulate investors with the profit!

GBP/JPY Forecast May 24, 2017, Technical Analysis

The GBP/JPY pair initially was very flat during the session on Tuesday, but then skyrocketed towards the 145 handle. By doing so, looks as if we are trying to break out to the upside again, and continue the volatility that we have seen as of late. Keep in mind that the yen related pairs tend to move in tandem, so pay attention to the other ones as well. If they continue to rise, then this pair should as well as it tends to be very mobile and tends to make more exaggerated moves than the other yen related markets. If we can break out to a fresh, new high, I believe that the market will continue to go higher, perhaps reaching towards the 147 handle. Pullbacks of this point should continue to be buying opportunities, as there seems to be a significant amount of support just below.
Risk sensitivity
You cannot trade this market without paying attention to risk sensitivity, as risk appetite drives where we go next. If we can continue to see strength in the equity markets, that should help this pair, as the 2 tend to be related over the longer term. A break above the 146 handle is also going to be obvious to most traders around the world, and I think that could only add fuel to the fire if you will to the move higher. The 150 level is a nice longer-term target, but there are going to be a lot of headlines out there that could move the marketplace between now and then. Ultimately, volatility is the norm in this pair but if managed properly can be an extraordinarily profitable trade just waiting to happen. Based upon the impulsive candle that we had seen later in the day on Tuesday, it looks as if the buyers are starting to jump in again.

USD/CAD Forecast May 24, 2017, Technical Analysis

The USD/CAD pair fell during the session on Tuesday, breaking below the 1.35 level again. The oil markets have seen a significant amount of buying pressure, and with the OPEC meeting coming later this week, this pair could come into focus. Not only that, but we have a Bank of Canada interest rate announcement and statement coming out today. There are a lot of reasons to think this pair will be very active over the next couple of sessions. Currently, looks as if the sellers are very much in control, but a few choice words out of Canada could change everything immediately. Having said that, I do have the inclination of bearish attitude more than anything else due to the recent roll over from the important 1.36 handle above. Once we break down below there, we had cleared a significant support barrier. That was an area that breaking above was a bullish sign in the past, and now it’s possible we could see this pair pullback significantly.
Likely unstable
The pair is very likely to be unstable over the next several sessions, because quite frankly there are too many moving pieces. Ultimately, it’s probably best to trade in smaller than usual increments, at least until we get through the rest of the week. If we do continue to go lower, I would suspect that the 1.34 level underneath is the target that we will next go aiming for. Alternately, if we can break above the 1.36 level over the next couple of sessions, that would solidify the longer-term uptrend. Having said that, it seems very unlikely that the buyers are going to be aggressive in the short term. Again though, it would only take a few words out of on a wide to change the situation for the Canadian dollar as there are a lot of concerns about the housing market.

USD/JPY Forecast May 24, 2017, Technical Analysis

The USD/JPY pair was very quiet during most of the session on Tuesday, but then found the 111 level to be supportive enough to cause a significant rally. The Japanese yen sold off later in the session, as the Americans picked up the ball. Now that we are pressing the 111.50 level, the pair looks as if it is ready to continue going higher, perhaps reaching towards the 112.50 level above which has been important in the past. This is a market that’s highly sensitive to risk appetite overall, so pay attention to stock markets, specifically the S&P 500, as they tend to have a nice correlation to this pair and what happens next. After all, the Japanese yen is considered to be a safety currency, and when it sells off it’s very likely that the market will continue to expand risk appetite in general, and this is a very good sign as we had seen a massive bullish candle during the day.
The importance of 112.50
If we can break above the 112.50 level, the market can continue the longer-term uptrend, and therefore it would be a very strong signal. I don’t think it will happen the first time we approach it, but longer-term I still believe that this market should go higher. Even if we do fall from here, I believe that the 110 level below will continue to offer massive support as it has in the past, and of course we are starting to see the stock markets around the world to show signs of strength again, so that tends to pick this pair up over the longer term as the correlation is strong. With that, pay attention, we could see a nice move forming before our eyes currently.

NZD/USD Forecast May 24, 2017, Technical Analysis

The New Zealand dollar initially tried to rally on Tuesday, but rolled over and now as I write this is starting to reach towards the 0.70 level. Simply put, if we do not hold this area I think the market roles over significantly as we are starting to form a shooting star on the daily chart. With this being the case, on a breakdown below the 0.6980 level, I believe that the New Zealand dollar rolls over and start looking for the 0.6925 handle after that. Alternately, if we can break above the high for the session, that’s a very bullish sign as one would expect, and probably have this market looking for the 0.7250 level. Either way, this is a market that will be very volatile as we are seeing an extraordinarily shaky market. The New Zealand dollar tends to be very sensitive to commodities, so pay attention to the overall attitude of those markets as it should drive where we go next.
Decision imminent
I believe that this market is getting ready to make a serious decision, so I’m willing to place a trade based upon either the breakout above the top of the daily range or breakdown below the 0.6980 level. I think that this is especially interesting considering that the Australian dollar is doing the same thing, and the 2 currency pairs tend to move in the same direction. Because of this, I like the idea of trading the breakout and believe that it should be a reasonably reliable signal. I will say this though: it’s probably easier to fall at this point that it is to continue going higher as there is a lot of noise just above. Either way, we should get answers to serious questions rather soon.

GBP/USD Forecast May 24, 2017, Technical Analysis

The GBP/USD pair was initially soft during the session on Tuesday, but found enough buying pressure underneath the 1.30 level to continue to go higher. We still have a significant amount of resistance at the 1.3050 level though, so it’s not until we break above there that I think the longer-term move can continue. It seems as if the British pound is trying to build up momentum to the upside, but we continue to see trouble just above. There are a lot of moving pieces out there, so having said that it’s likely that the headlines will continue to move this market. Because of this being the case, it’s probably best to ignore headlines and simply trade this market from a technical analysis standpoint. At least at that point, you can filter out some of the noise. Nonetheless, I think that smaller positions are probably necessary, perhaps offering a “buy on the dips” type of situation.
The significance of the 1.3050 level
If we can break above the significant 1.3050 handle, the market then can make its march towards the 1.3450 level above, which was a major resistance barrier on the longer-term chart. The market should continue to be very choppy and beholden to news coming out, so because of that it’s important that you use stops as you always should any way, and of course keep your position size down. As I record this, we are already starting to see the sellers push back. This is an extraordinarily volatile currency, and with that being the case it’s likely that the market could be frustrating. Keep your position size small, and stay alive and what could be a very difficult situation from time to time. I don’t have any interest in selling yet though.

EUR/USD Forecast May 24, 2017, Technical Analysis

The EUR/USD pair had a relatively stable session on Tuesday, as the 1.12 level underneath continues to offer support. With recent comments coming out of Angela Merkel suggesting that the common currency is far too cheap, the market has continued to find buyers. We been in an uptrend anyways, as you can see based upon moving average is on the hourly chart. However, the longer-term outlook still has the market consolidating between the 1.05 level on the bottom, and the 1.15 level on the top. In fact, we have been consolidating in this rectangle for 3 years now. Because of this, it makes sense that the market would go fishing for the 1.15 level above, at least in the next move.
Federal Reserve interest rate hikes
We already know that the Federal Reserve is going to raise interest rates a couple of times later this year. However, any suggestion that we are not going to see those interest rate hikes with supercharged the move higher, and could be the reason to break above the 1.15 handle eventually. The short term though, that would just be speculation so I believe that we will continue to be in the situation where we could buy on the dips, aiming for the 1.15 level above longer-term. That’s not to say that it’s going to be easy, but I think it would make a significant target and the certainly make quite a bit of sense when you look at the weekly and monthly charts.
Alternately, if we break down below the 1.1150 level, we could then see this market roll over to the 1.10 level underneath. I don’t think that’s going to happen, but we always should take a look at the alternate scenario, as is prudent in trading.

EUR/GBP Forecast May 24, 2017, Technical Analysis

The EUR/GBP pair initially tried to rally during Tuesday, but found enough resistance above to turn things around and go falling from there. There should be a certain amount of support near the 0.86 handle though, so I think it’s likely that the buyers could come back. If we break down below the 0.8550 level, then I believe that the market will roll over for a longer-term move. Until then, I am a believer of the uptrend, even though we are having several issues with it during the day on Tuesday. The marketplace will continue to be very choppy, as this is the epicenter of all things involving the divorce of the United Kingdom from the European Union, so therefore headlines can cross the wires to make this pair even noisier. Having said all of that, we are still in an uptrend so I must believe that it will continue.
Geopolitical
As things are right now, it’s likely that most of the driving force in either direction when it comes to this pair will be statements coming out of London and Brussels, as well as other major European cities. There seems to be a lot of political posturing ahead of the Brexit talks, which one would expect. I don’t think that at the end of the day any severe move will be lasting, as the pair does tend to be rather stagnant over long periods of time. However, we are trying to figure out where we are going over the longer term through the talks, as things will certainly change going forward, but the effect and the scope of that change is still unknown, and that makes trading them market very difficult. Smaller position sizes should be utilized to protect your account.

AUD/USD Forecast May 24, 2017, Technical Analysis

The Australian dollar had an interesting session on Tuesday, as we broke above the psychologically significant 0.75 level, but turned around to form a less than stellar move. If we can break down below the 0.7450 level, the market then could continue to go lower. Longer-term, we are still very much in a downtrend, and of course the Australian dollar is typically driven by what’s going on in gold and of course risk appetite. It looks currently as if the gold markets are struggling, and most certainly the Australian dollar is, especially considering that a lot of the raw materials that Australia provides the Asian region is losing value. In other words, people are using less copper and iron.
Longer-term move
The market has been in a longer-term downtrend, and it looks like we could possibly be trying to continue that overall move. If we can, the market should then go all the way down to the 0.70 level over the longer term. Alternately, if we can break above the 0.7525 level, the market will probably try to find its way towards the 0.7750 level over the longer term. That is going to be the more difficult move, but quite frankly most of the time we have a bullish move, it is a bit more difficult because as you know, “markets climb a wall of worry.” That’s exactly what this is going to be if we do go higher, so the fact that we pulled back is not a huge surprise. On the hourly chart, you can make out what could be thought of as an uptrend line, and if we break down below that, which is essentially the same thing is breaking down below the 0.7450 level, the market should continue to go lower as it shows a pickup in bearish pressure.

+PlusBitcoin - 22/5/2017 - 0.69%

Welcome, investors and partners the company!
Another trading week came to a close and it's time to announce results of trade during this period.
For May 22  company traders have managed to earn 0.69% net income for Standard Investors

We thank traders for their work and congratulate investors with the profit!

AUD/USD Forecast May 23, 2017, Technical Analysis

The Australian dollar had an explosive session on Monday, initially gapping lower, filling the gap, and then continue the down move. However, we turned around at the 0.7425 level to rocket to the upside. As we approached the 0.75 level, the sellers came back and now it looks as if we may have to pull back to build up enough volume and momentum to break above that level. Remember, the Australian dollar is highly sensitive to the gold markets, and if they rally, so does the Aussie over the longer term. I believe that these pullbacks should continue to offer value that you can take advantage of, especially near the 0.7450 level. That’s an area that has been resistive in the past, and should now be support. Once we break above the 0.75 handle, I think that the market will eventually go looking for the 0.80 level above there, but it may take quite a bit of time.

Gold

If gold markets breakdown, then I would expect this pair to go looking for the 0.74 level underneath, and breaking below there would probably go looking for the 0.7350 level after that. The Australian dollar is highly sensitive to risk appetite as well, so pay attention to that, as if the riskier assets around the world gain, typically the Aussie will as well. I believe that there will be quite a bit of volatility, but it certainly looks as if traders are starting to run from the US dollar, at least in the intermediate time frames, and that should continue to put a bit of bullish pressure in this market as we continue to see choppiness. The weekly chart formed a hammer a couple of weeks ago, which looks as if it is trying to act as a bottom.
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