InvestMacro

by JustForex

The S&P 500 broke the record as a result of a rally in the tech sector and positive statistics. The Nasdaq Composite Index surpassed the 14,000 level for the first time since February 16 this year. The stock market received support from a decline of the US 10-year government bonds yield below 1.6% for the first time from the end of March. Apple, Facebook, and Microsoft shares increased by 1.5% – 1.9%.

Good economic data was also a positive factor. The US retail sales increased by 9.8% in March compared to the previous month, according to the information provided by the Commerce Department. At the same time, analysts had expected an increase of 8.4%.

Asian stock markets added within 0.9% today. Futures of the major US indices reached a moderate correction, losing within 0.1%.

The nearest futures contract for Brent crude oil continues its upward trend, adding 0.5% and trading at around $67.2 p/b, there is a possibility of the trend continuation to the level of $70.00.

Yesterday, the imposed sanctions against Russia turned out to be not so terrible. The most negative thing in this situation is the ban on the purchase of Russian government debt by American investors. But this restriction applies only to the initial acquisition; it is still possible to buy securities in the secondary market.

Main market quotes:

S&P 500 (F) 4,158.62 -3.88 (-0.09%)

Dow Jones 34,035.99 +305.10 (+0.90%)

DAX 15,361.65 +106.72 (+0.70%)

FTSE 100 7,012.25 +28.75 (+0.41%)

USD Index 91.595 -0.023 (-0.03%)

• – US housing construction (m/m) at 15:30 (GMT+3);
• – University of Michigan Consumer Confidence Index at 17:00 (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.

Limassol Cyprus

A European investment company RoboMarkets, providing financial services to clients in many countries of Europe, reports an update on the R Trader multi-asset trading platform. Over 650 new stocks have been added alongside several innovations in both desktop and mobile R Trader versions.

New trading instruments on R Trader

Over 650 new US Stocks CFDs and US Stocks have been added this quarter, including the IPOs of such companies as Airbnb (ABNB), Roblox (RBLX), Coupang (CPNG), Bumble (BMBL), Affirm (AFRM). New instruments are added on the day of the IPO when the first trades in the exchange starts. Also, all SPACs via which companies enter the market are added.

Updates of the R Trader web terminal

1. Main Сorporate actions are now presented right on the chart.

“We added an opportunity to view the main corporate events right on the chart. This instrument lets you keep an eye on important events in the company as well as create investment strategies, using tech analysis and corporate events”, says Kiryl Kirychenka, Head of R Trader project.

2. Accounts in the terminal can now be hidden.

A hidden account rests at the bottom of the account list marked “hidden account”. Click it to open. This is a useful function for those having several accounts.

“We’ve done this because clients kept asking for an opportunity to hide certain accounts. For some, this is just an issue of comfort and handiness, for others, it is a safety criterion because it helps to avoid public demonstration of confidential data. Now the client can leave in the Main menu only those accounts that they use frequently and that are not secret. Clearly, hidden accounts can be made visible again in the terminal. This option doesn’t influence any properties and functions of accounts”, Kiryl Kirychenka adds.

3. Tai and Portuguese languages are now available in the terminal.
4. UK Top Losers, Gainers, Volume Leaders have been added.
5. Order and trade history can now be filtered by instrument.
6. Server time has been added to the footer and client time — to Contract specifications.
7. Keyboard navigation by the Watchlists has been added.
8. Indicators and other tech analysis elements can now be deleted by the Delete key on the keyboard.

R Trader Mobile updates

1. Watchlist grouping and editing have been added.
2. Indicators and other chart types have been added to Charts.
3. Corporate actions have been added.

“The R Trader multi-asset trading platform develops and improves every day. This has been the third massive upgrade of the web and mobile versions throughout the year. We’ve added more than 650 new stocks including the most trendy companies that have just carried out IPOs as well as all available SPACs. We’ve improved the function part, issuing the already-planned updates and adding the long-asked opportunities. We’re not planning to stop here: we’ll go on improving the project by our strategic plan.”, is what Kiryl Kirychenka said.

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at www.robomarkets.com.

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart of USDCHF, there has been a “false breakout” of 3/8. In this case, the price is expected to grow to break 4/8 and then continue trading upwards to reach the resistance at 5/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may fall towards the support at 0.9155.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still consolidating between 3/8 and 5/8. In this case, the price is expected to break 4/8 and continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling towards 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 growing.

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: 1.1948
• Prev Close: 1.1979
• % chg. over the last day: +0.26%

The euro continued to rise against the US dollar amid growing yields on German Bonds. In the absence of important macroeconomic news, this factor is now playing a major role.

Trading recommendations

• Support levels: 1.1836, 1.1704
• Resistance levels: 1.1990, 1.2113

The main scenario for EUR/USD is sideways trading. The fact that the price has reached the first resistance level without breaking it may be the reason for the growth to stop. A divergence formed on the MACD, and the ADX moved to a decline, indicating a decrease in bullish potential.

Alternative scenario: if the price gains a foothold above the level of 1.1990, the pair may continue to rise. A breakout of 1.1925 will indicate the beginning of a southern correction.

News feed for 2021.04.15:

• – Philadelphia Fed Manufacturing Index (Apr) at 15:30 (GMT+3);
• – US Retail Sales (m/m) (Mar) at 15:30 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3747
• Prev Close: 1.3775
• % chg. over the last day: +0.20%

The sterling stopped growing on Wednesday, leaving a high shadow at the top. Despite positive industrial production data, the currency is showing weakness against the euro and the dollar. The profitability of the British Gilts compared to their American counterparts indicates a possible early resumption of the fall.

Trading recommendations

• Support levels: 1.3705, 1.3680
• Resistance levels: 1.3848, 1.3929

The main scenario for GBP/USD is sideways trading. The pair came close to the first support level and rebounded. But ADX is declining, and MACD is near zero. The price is slightly above the moving averages.

Alternative scenario: if the pair consolidates below 1.3735, the pound may move to decline to 1.3680. A break at 1.3808 may indicate renewed growth.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.06
• Prev Close: 108.92
• % chg. over the last day: -0.13%

On Wednesday, the dollar-yen pair showed a decrease in volatility, as trading volumes on stock exchanges continued to fall, and the dollar index slowed down. Government bond yields stabilized at the same level, which stopped the fall.

Trading recommendations

• Support levels: 108.35, 107.08
• Resistance levels: 110.32, 110.98

The main scenario is selling. The price is still fixed below the moving averages. The MACD is below zero. A divergence formed on the chart, indicating a halt in the decline. The ADX shows a fall in the bearish trend potential. A combination of factors shows a neutral signal.

An alternative scenario implies the price fixing above 109.30. In this case, the pair may resume growth to 110.32.

News feed for 2021.04.15:

• – Philadelphia Fed Manufacturing Index (Apr) at 15:30 (GMT+3);
• – US Retail Sales (m/m) (Mar) at 15:30 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2530
• Prev Close: 1.2517
• % chg. over the last day: -0.10%

The pair continues to trade in a narrow sideways range but is under strong pressure, as WTI oil prices have risen above $63 per barrel over the last 24 hours. The dollar index decline puts additional pressure on the pair.

Trading recommendations

• Support levels: 1.2501, 2466
• Resistance levels: 1.2629, 1.2646

The main scenario is cautious selling. The specifications are mixed. The price is below the moving averages, but the ADX does not react to impulses. The MACD is below zero but declines slightly. By the combination of factors, the southern signal is weak. A rebound from the support level is possible.

Alternative scenario: if the price consolidates below 1.2501, the pair may continue to decline to 1.2466. A breakout of 1.2551 will indicate a raise to 1.2626.

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.

by JustForex

Hong Kong and Chinese stocks fell as the liquidity operations of the Chinese central bank signaled that it is trying to constrain credit growth. US stock futures fell following the Nasdaq index. The S&P 500 lost just over 20 pips, which is a marginal decline and is showing an upward trend in the European session on Thursday. In the US, banks’ stocks rose on the back of unexpectedly high earnings during the group reporting. European contracts lost their ground.

The dollar continued to decline for the fourth session in a row, while the benchmark 10-year Treasuries yield stabilized around 1.63%.

As stocks are oscillating around record levels, traders are monitoring the earnings season for additional catalysts for growth. Expectations of a strong rebound in earnings supported the indices, setting high levels from the beginning of reporting. But while total government expenditure and central bank stimulus measures are supporting the economic recovery, investors are keeping a close eye on any setbacks associated with soaring Covid-19 cases and vaccine program problems around the world.

Oil has demonstrated high volatility. Brent crude rose to $66.60 p/b, while WTI crude rose reached $63. US oil decrease in stocks coupled with hopes for global economic growth is supporting the demand for oil futures contracts.

Main market quotes:

S&P 500 (F) 4,124.66 −16.93 (-0.41%)

Dow Jones 33,730.89 +53.62 (+0.16%)

DAX 15,246.59 +37.44 (+0.25%)

FTSE 100 6,955.43 +15.85 (+0.23%)

USD Index 91.578 -0.094 (-0.10%)

• – Philadelphia Fed Manufacturing Index (Apr) at 15:30 (GMT+3);
• – US Retail Sales (m/m) (Mar) 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

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is consolidating between 3/8 and 5/8. In this case, the price is expected to test 3/8, rebound from it, and then resume growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling towards the next support at 2/8.

As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume the ascending tendency only after rebounding from 3/8 from the H4 chart.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, after rebounding from the 200-day Moving Average, USDCAD is trading below it, thus indicating a descending tendency. In this case, the price is expected to break 5/8 and continue the descending tendency to reach the support at 4/8. Still, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may reverse and resume growing towards the resistance at 8/8.

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.

By Orbex

EURUSD tests major resistance

A 2.6% yoy rise in US CPI has so far failed to impress traders as the Fed may remain patient longer than the market.

After a short consolidation around 1.1900, the RSI has receded from the overbought area, laying the groundwork for a new round of rallies. The next target would be the key resistance level of 1.1990 from the daily chart.

A bullish breakout may signal that the euro could resume its year-long rally.

In case of a pullback, 1.1870 is a critical support to keep the optimism intact.

EURGBP builds bullish momentum

The pound struggles across the board after Britain’s economy showed a slower than expected growth in February.

The euro has previously come under selling pressure near the daily supply area (0.8730). The RSI has since retreated into the neutrality zone.

Despite profit-taking, the pair has stayed afloat above 0.8620 which would suggest that buyers are still in control of the price action.

A surge above the said resistance could trigger a runaway rally as a combination of short-covering and fresh buying.

UKOIL trades in narrowing range

Brent crude ticked up after data showed oil imports into China surged 21% in March. The price action remains range-bound however for lack of a major catalyst.

The narrowing consolidation is a sign of the market’s indecision and a breakout is bound to happen soon.

A bearish MA cross on the daily chart may weigh on the sentiment but as long as 61.20 holds firm as support, there is a chance of a rebound.

On the upside, a rise above 65.15 could extend the rally towards 68.

By Orbex

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1877, EURUSD has broken 1.1920 to the upside. Possibly, today the pair may grow to reach 1.1967 and then start a new correction to test 1.1920 from above. Later, the market may resume trading upwards to reach 1.1980 and then form a new descending structure with the first target at 1.1860.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD continues the correction towards 1.3792. After that, the instrument may resume falling to break 1.3680 and then continue trading downwards with the short-term target at 1.3590.

USDRUB, “US Dollar vs Russian Ruble”

After finishing the descending structure at 76.60, USDRUB is expected to consolidate around this level. If the price breaks this range to the downside, the market may fall with the short-term target at 75.57 and then start a new growth to return to 76.60.

USDJPY, “US Dollar vs Japanese Yen”

After completing the descending structure at 109.16 along with the correction towards 109.54, USDJPY is still falling to reach 108.60. After that, the instrument may form one more ascending structure with the target at 109.75.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still falling with the predicted target at 0.9191. Later, the market may form one more ascending structure towards 0.9313.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7655. Possibly, the pair may expand the range up to 0.7727 and then start a new decline to reach 0.7454.

BRENT

Brent is still consolidating around 63.00 without any particular direction; right now, it is trading towards the upside border at 64.05. If the price breaks this range to the upside, the market may grow towards 65.50; if to the downside – resume trading downwards to complete this wave at 60.00 and then form one more ascending structure with the target at 66.00.

XAUUSD, “Gold vs US Dollar”

After finishing the correction at 1725.55, Gold has returned to 1749.25. Today, the metal may grow to break 1756.00 and then continue growing with the target at 1795.49.

S&P 500

The S&P index is still growing towards 4160.3. Later, the market may form a new descending structure with the first target at 4006.0.

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: 1.1909
• Prev Close: 1.1947
• % chg. over the last day: +0.32%

The euro continued to rise against the US dollar on the back of strong ZEW performance and higher yields on German Bonds. Also, the previous comments of Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen provide support for the bulls in the euro.

Trading recommendations

• Support levels: 1.1836, 1.1704
• Resistance levels: 1.1990, 1.2113

The main scenario for EUR/USD is buying. The technical picture looks bullish. The MACD is above zero, while convergence has formed, indicating a greater likelihood of growth. The ADX is reacting strongly to the northern impulse, showing a rise in bullish pressure.

Alternative scenario: if the price consolidates below the level of 1.1905, the pair may return to the decline to 1.1836.

There is no news feed for today.

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3738
• Prev Close: 1.3748
• % chg. over the last day: +0.07%

The sterling rose on Tuesday amid continuing correction in the US dollar and strong manufacturing output. The Office for National Statistics reported industrial growth in February by 1.3%, while economists’ forecast was 0.5%.

Trading recommendations

• Support levels: 1.3705, 1.3680
• Resistance levels: 1.3848, 1.3929

The main scenario in GBP/USD is buying. The pair came close to the first support level and rebounded. The ADX reacted strongly to Tuesday’s northern impulse, indicating an increase in bullish pressure.

Alternative scenario: if the pair consolidates below 1.3735, the pound may move to decline to 1.3680.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 109.38
• Prev Close: 109.05
• % chg. over the last day: -0.31%

On Tuesday, the dollar-yen pair continued to decline amid a correction in the dollar index and US Treasuries, the yield of which fell to 1.63%. The market experiences an increased demand for defensive assets, including gold, Swiss franc, and yen.

Trading recommendations

• Support levels: 108.35, 107.08
• Resistance levels: 110.32, 110.98

The main scenario is selling. The price is still fixed below the moving averages. The MACD fell below zero, and convergence formed on the chart, indicating a continuation of the decline. The ADX shows the growth of the bearish trend potential. By a combination of factors, there is a signal for a further fall in the pair.

An alternative scenario implies the price fixing above 109.40. In this case, the pair may resume growth to 110.32.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2559
• Prev Close: 1.2531
• % chg. over the last day: -0.22%

Continuing to trade in a narrow sideways range, the pair came under pressure, as oil prices for WTI rose to $60.80 per barrel. The decline in the dollar index puts additional pressure on the pair.

Trading recommendations

• Support levels: 1.2522, 1.2501
• Resistance levels: 1.2629, 1.2646

The main scenario is trading in a sideways range between 1.2522 and 1.2629. Specifications are mixed. The price is below the moving averages, although the ADX has reacted to the northern impulse. The MACD is below zero. By a combination of factors, the signal is neutral.

Alternative scenario: if the price consolidates below 1.2522, the pair may resume its decline to 1.2501. A breakout of 1.2563 will indicate a further growth to 1.2626.

News feed for 2021.04.14:

• – US Crude Oil Reserves at 17:30 (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.