InvestMacro

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the instrument may move downwards to reach the support at 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading inside the “oversold area”. In this case, the price is expected to test -2/8, rebound from it, and then resume moving upwards to reach the resistance at -1/8. However, this scenario may no longer be valid if the price breaks the support at -2/8 to the downside. After that, the lines in the chart will be redrawn, thus helping us to define new downside targets.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the instrument may move downwards to reach the support at 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading inside the “oversold area”. In this case, the price is expected to test -2/8, rebound from it, and then resume moving upwards to reach the resistance at -1/8. However, this scenario may no longer be valid if the price breaks the support at -2/8 to the downside. After that, the lines in the chart will be redrawn, thus helping us to define new downside targets.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0222
• Prev Close: 1.0181
• % chg. over the last day: -0.40%

The long-awaited ECB meeting will be held today, and the ECB is expected to raise the interest rate. Analysts are leaning towards a 0.25% hike, even though there is talk of a 0.5% hike as well. Christine Lagarde will not risk her reputation, so it is easier for the ECB to hold the first rate hike of 0.25% and the next by 0.5% or even 0.75%. The attention of investors will also be directed towards the so-called “anti-fragmentation” package, which is expected to be announced together with the interest rate decision.

Trading recommendations

• Support levels: 1.0154, 1.0106, 1.0035, 1.0000
• Resistance levels: 1.0284, 1.0365, 1.0415, 1.050

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bullish. But yesterday, the price corrected a little, and the MACD indicator became inactive. Under such market conditions, it is best to look for buy trades on intraday time frames from the support level of 1.0106, but only with confirmation. Sell trades can be considered from the resistance level of 1.0284, but only after additional confirmation and only with short targets.

Alternative scenario: if the price breaks down through the 1.0000 support level and fixes below, the downtrend will likely resume.

News feed for 2022.07.21:

• – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
• – Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
• – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
• – US Philadelphia Fed Manufacturing Index (m/m) at 15:30 (GMT+3);
• – Eurozone ECB Press Conference at 15:45 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1988
• Prev Close: 1.1978
• % chg. over the last day: -0.08%

In the UK, the Consumer Price Index reached 9.4% on an annual basis compared to 9.1% in May. Monthly inflation rose by 0.8%. The biggest upward contributions to the annual inflation rate were made by household services (mainly electricity, gas, and other fuels) and transportation (mainly due to higher gasoline and diesel prices). The last time this level of inflation was seen in the country was in March 1991. The Bank of England is likely to raise the interest rate immediately by 0.5% at its next meeting.

Trading recommendations

• Support levels: 1.1955, 1.1907, 1.1803
• Resistance levels: 1.2065, 1.2137

From the technical point of view, the trend on the GBP/USD currency pair on the hourly time frame is bullish. The price has slightly corrected and is trading at the level of the moving averages. The MACD indicator has become inactive. Under such market conditions, it is best to look for buy trades on intraday time frames from the support level of 1.1955 or 1.1907, but only with confirmation. Sell trades can be considered intraday from the resistance level of 1.2065, but only after additional confirmation and with short targets.

Alternative scenario: if the price breaks down through the 1.1803 support level and fixes below, the downtrend will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 138.65
• Prev Close: 138.27
• % chg. over the last day: -0.27%

The Bank of Japan kept interest rates and monetary policy unchanged. The monetary policy report highlights concerns about the economy above any potential effects on the yen. The BoJ lowered its economic growth forecast for this year, so a falling economy needs continued support. The inflation forecast is 2.3% for the end of the year. Thus, the BoJ is still targeting stimulus despite a wave of interest rate hikes by other central banks. The medium-term uptrend on the USD/JPY currency pair continues.

Trading recommendations

• Support levels: 137.67, 137.43, 137.13, 136.48, 135.92, 135.40, 134.64, 134.11
• Resistance levels: 138.71, 140.29

From the technical point of view, the medium-term trend on the USD/JPY currency pair is bullish. The MACD indicator has become positive, but the price is still forming a balance. Under such market conditions, buy trades can be sought intraday from the support level of 137.67, but with confirmation. For sell deals, traders can consider the resistance level of 138.71, but only with additional confirmation and short targets.

Alternative scenario: If the price fixes below 137.13, the downtrend will likely resume.

News feed for 2022.07.21:

• – BoJ Outlook Report at 06:00 (GMT+3);
• – BoJ Interest Rate Decision at 06:00 (GMT+3);
• – BoJ Press Conference at 06:00 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2868
• Prev Close: 1.2880
• % chg. over the last day: +0.09%

Canada’s consumer price level increased by 0.7% last month, twice below expectations. But the country’s annual inflation reached 8.1% after 7.7% in May. This is the highest rate since January 1983. Excluding gasoline and food prices, the Consumer Price Index reached 6.5% on an annual basis in June after 6.3% in May. The acceleration in June was mainly due to higher gasoline prices, but price increases remained broad-based, with seven of the eight major components up 3% or more. Thus, there is no evidence of a slowdown in inflation, which means Canada’s Central Bank will keep pace with the US Federal Reserve and raise interest rates.

Trading recommendations

• Support levels: 1.2853, 1.2781
• Resistance levels: 1.2934, 1.3006, 1.3085, 1.3154

In terms of technical analysis, the trend on the USD/CAD currency pair is bearish. The price is trading below the moving average lines. The MACD indicator is in the negative zone, and sellers’ pressure remains, but there are the first signs of divergence. Under such market conditions, it is best to consider sell deals from the resistance level of 1.2934, but with confirmation. Buy trades should be viewed on the lower time frames from the support level 1.2853, but only with confirmation and short targets.

Alternative scenario: if the price breaks out and consolidates above the 1.3085 resistance level, the uptrend will likely resume.

There is no news feed for today.

By JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

On 18 June 2022, RM Investment Bank held an Open Day. The event was attended by clients and partners who had the opportunity to communicate with the company’s management in a relaxed, friendly atmosphere.

During the event, the RM Investment Bank team introduced the company and talked about the opportunities, prospects, and cooperation conditions it has to offer. The guests enjoyed drinks, a food buffet, and an entertainment programme. In addition, there was a giveaway of prizes and promotional merchandise.

Dr. Rostyslav Prus, RM Investment Bank Managing Director, commented: “This event helped us to strengthen our relationship with clients and partners so that they choose to continue investing with us. Many of them wanted to meet with the RM IB team before introducing large investors to the company”.

The RoboMarkets group had earlier announced the opening of an investment bank headquartered in Financial Park in Labuan. RM Investment Bank operates under Labuan FSA № 210138BI and its goal is to offer investment services to clients from Asian countries.

• RM Investment Bank offers its clients and partners:
• 7 asset classes and over 12,000 investment instruments
• 5 account types with competitive investment conditions
• Cutting-edge investment platforms
• A multilevel affiliate programme

About RM Investment Bank

RM Investment Bank Ltd is an investment bank operating under Labuan FSA licence No. 210138BI. Find out more detailed information on www.rmib.com.

About RoboMarkets Group

The RoboMarkets Group consists of:

• RoboMarkets Ltd, a multi-asset broker operating under CySEC (Cyprus Securities and Exchange Commission) licence No. 191/13, that provides investment services to European clients. Find out more detailed information on www.robomarkets.com
• RM Investment Bank Ltd, an investment bank operating under Labuan FSA licence No. 210138BI
• RoboMarkets Deutschland GMBH, located in Frankfurt am Main, with licence No. 10154068
• RFund – RFund AIFLNP V.C.I.C. Ltd, an alternative investment fund located in Limassol, Cyprus, and regulated by CySEC under licence No. N. LPAIF118/2014

Article By RoboForex.com

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading within the “overbought” area. In this case, the price is expected to break the support at 8/8 and continue falling and reach 6/8. However, this scenario may no longer be valid if the price breaks the resistance at +1/8 to the upside. After that, the instrument may reverse and grow towards +2/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator again and, as a result, continue its decline.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, after breaking the 200-day Moving Average, USDCAD is also trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling towards the support at 0/8. On the other hand, this scenario may no longer be valid if the pair breaks the resistance at 2/8 to the upside. After that, the instrument may reverse and grow to reach 4/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

Having finished the ascending wave at 1.0230, EURUSD is consolidating around this level. Possibly, the pair may break it to the downside and then resume moving within the downtrend with the first target at 1.0051.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still growing towards 1.2048 and may later form a new descending structure with the first target at 1.1922. After that, the instrument may resume trading upwards to reach 1.1988 and then start another decline towards 1.1814.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending wave at 137.40 along with the correction up to 138.36, thus forming a new consolidation range between these two levels. If the price breaks the range to the upside, the market may resume growing with the target at 140.00; if to the downside – start a new decline to reach 136.50.

USDCHF, “US Dollar vs Swiss Franc”

After completing the descending wave at 0.9680, USDCHF is consolidating around this level. Possibly, the pair may break the range to the upside and form one more ascending wave towards 0.9804. After that, the instrument may correct down to 0.9728 and then resume trading upwards with the target at 0.9911.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.6922. Today, the pair may consolidate around this level. If later the price breaks the range to the downside, the market may resume falling to reach 0.6802 or even extend this structure down to 0.6676.

BRENT

Brent is growing towards 108.55 and may later correct down to 104.11. After that, the instrument may start another growth with the first target at 112.20.

XAUUSD, “Gold vs US Dollar”

Gold continues consolidating around 1705.00. If the price breaks the range to the upside, the market may resume growing with the target at 1767.44; if to the downside – start a new decline to reach 1686.75 and then form one more ascending wave towards 1723.44 of even extend this structure to reach the above-mentioned target.

S&P 500

After breaking 3900.0, the S&P index is expected to continue growing towards 4010.5. Later, the market may resume falling to reach 3892.0 and then start another growth towards 4000.0 or even extend this structure up to 4100.0.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0137
• Prev Close: 1.0221
• % chg. over the last day: +0.82%

The annual inflation rate in the Eurozone in June 2022 was 8.6%, compared to 8.1% in May. A year earlier, the rate was 1.9%. Malta (6.1%), France (6.5%), and Finland (8.1%) registered the lowest annual rates. The highest annual rates were in Estonia (22.0%), Lithuania (20.5%), and Latvia (19.2%). European Central Bank policymakers are considering raising interest rates by more than 50 basis points at their meeting on Thursday to combat record-high inflation. The euro is strengthening on these expectations.

Trading recommendations

• Support levels: 1.0147, 1.0106, 1.0035, 1.0000
• Resistance levels: 1.0284, 1.0365, 1.0415, 1.050

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame has changed to bullish. The price has consolidated above the moving averages and broke through the priority change level. The MACD indicator is in the positive zone with no signs of reversal. Under such market conditions, buy trades are best to look at intraday time frames from the support level of 1.0147 or 1.0106, but only with confirmation. Sell trades can be considered from resistance level 1.0284, but only after additional confirmation and only with short targets.

Alternative scenario: if the price breaks down through the 1.0000 support level and fixes below, the downtrend will likely resume.

News feed for 2022.07.20:

• – US Existing Home Sales (m/m) at 17:00 (GMT+3);
• – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1945
• Prev Close: 1.1997
• % chg. over the last day: +0.43%

The latest March-May 2022 labor market estimates show that the employment rate increased over the quarter, while the unemployment rate and economic inactivity decreased in the UK. The March-May 2022 unemployment rate fell to 3.8%. The number of job openings from April to June 2022 rose to 1,294,000. However, the rate of job growth continues to slow. Overall, the labor market remains strong, opening up room for the Bank of England to act more aggressively in raising interest rates. The BoE will consider a 0.5% interest rate hike in August, which would accelerate the fight against inflation, Governor Andrew Bailey said in a speech yesterday.

Trading recommendations

• Support levels: 1.2008, 1.1980, 1.1907, 1.1803
• Resistance levels: 1.2065, 1.2137

From the technical point of view, the trend on the GBP/USD currency pair on the hourly time frame has also changed to bullish. The price has consolidated above the moving averages and has broken through the priority change level. The MACD indicator is in the positive zone, but there are signs of divergence and fading upward momentum. Under such market conditions, it is best to look for buy trades on intraday time frames from the support level of 1.2008 or 1.1980, but only with confirmation. Sell trades can be considered intraday from the resistance level of 1.2065, but only after additional confirmation and with short targets.

Alternative scenario: if the price breaks down through the 1.1803 support level and fixes below, the downtrend will likely resume.

News feed for 2022.07.20:

• – UK Consumer Price Index (m/m) at 09:00 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 137.99
• Prev Close: 138.18
• % chg. over the last day: -0.14%

There are no fundamental changes here at the moment. The Bank of Japan maintains a soft monetary policy, while the US Federal Reserve is on the path of aggressive interest rate hikes. Such a diametrically opposite policy has already pushed USD/JPY up to 24-year highs. And at least until the end of summer, the monetary policy of the central banks in Japan and the US will remain in place. Inflation data will be released in Japan at the end of this week, which could affect Japan’s Central Bank. But until then, the price will likely balance in a narrow range.

Trading recommendations

• Support levels: 137.67, 137.43, 137.13, 136.48, 135.92, 135.40, 134.64, 134.11
• Resistance levels: 138.71, 140.29

From the technical point of view, the medium-term trend on the USD/JPY currency pair is bullish. The MACD indicator has become inactive, and the price is forming a balance. Under such market conditions, it is best to look for buy deals within a day from the support level of 137.67, but with confirmation. A resistance level of 138.71 may be considered for sell deals, but only with additional confirmation and short targets.

Alternative scenario: If the price fixes below 137.13, the downtrend will likely resume.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2971
• Prev Close: 1.2869
• % chg. over the last day: -0.79%

Canada is one of the largest oil producers in the world, with significant reserves. Canada is also the third largest oil exporter: about 99% of its exports go directly to its neighbor, the United States. This is why the Canadian dollar is a commodity currency and highly dependent on oil prices and the US Dollar Index. Yesterday, the US Dollar Index continued declining while oil prices climbed above $100 a barrel. This gave confidence to the Canadian currency. Canadian inflation data will be released today, and analysts expect another jump in consumer prices. A strengthening of the national currency usually accompanies a rise in inflation on expectations that the central bank will be more aggressive in raising rates.

Trading recommendations

• Support levels: 1.2853, 1.2781
• Resistance levels: 1.2934, 1.3006, 1.3085, 1.3154

In terms of technical analysis, the trend on the USD/CAD currency pair has changed to bearish. The price has consolidated below the moving lines and has broken down the priority change level. The MACD indicator is in the negative zone, and the sellers’ pressure remains, but there are the first signs of divergence. Under such market conditions, sell deals are better to consider from the resistance level of 1.2934, but with confirmation. Buy trades should be considered on the lower time frames from the support level of 1.2853, but only with confirmation and short targets.

Alternative scenario: if the price breaks out and consolidates above the 1.3085 resistance level, the uptrend will likely resume.

News feed for 2022.07.20:

• – Canada Consumer Price Index (m/m) at 15:30 (GMT+3).

By JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Inverted Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance level at 1725.50. At the same time, the opposite scenario implies that the price may continue falling to reach 1690.00 without any pullbacks.

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, NZDUSD has formed an Engulfing reversal pattern close to the support level. At the moment, the asset may reverse in the form of another ascending impulse. In this case, the upside correctional target may be at 0.6225. After that, the asset may rebound from the resistance area and resume moving downwards. However, an alternative scenario implies that the price may fall to reach 0.6125 without any corrections.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has formed an Inverted Hammer reversal pattern near the support level. At the moment, the pair may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be the resistance area at 1.2055. Later, the market may rebound from this level and resume falling. Still, there might be an alternative scenario, in which the asset may continue falling to reach the support level at 1.1870 without testing 1.2055.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing the bearish channel’s upside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1905 and then resume moving upwards to reach 1.2240. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.1805. In this case, the pair may continue falling towards 1.1705.

BRENT

Brent is no longer trading within a Wedge reversal pattern. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 103.75 and then resume moving upwards to reach 119.25. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 99.05. In this case, the pair may continue falling towards 94.05. To confirm a further uptrend, the price must break the bearish channel’s upside border and fix above 110.05.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is correcting within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 136.65 and then resume moving upwards to reach 141.25. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 135.35. In this case, the pair may continue falling towards 133.45.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.