Friday, 20 April 2018

ActivTrades Education: Webinars Archive




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The ActivTrades’ webinars are led by finance professionals and experts with years of experience that will help you to enlarge your knowledge and and improve your trading strategy.




Thursday, 19 April 2018

USD/JPY Pushed higher but yet remains in consolidative phase


The USD/JPY pair jumped to 107.52 during the Asian session and succeeded to hold on gains for most of the last sessions, supported by rising US Treasury yields. Currently the pair is trading around 107.40 but despite the gravitation above 107.00, the  pair remains in a steady consolidative phase that has started from the beginning of April. It’s clearly seen that the pressure to the downside is limited but at the same time bulls are not strong enough to achieve impressive results.
Technically speaking the short term outlook remains neutral to bullish. On the four hour time frame the price is developing its flat moving averages. RSI is located slightly above its mid-line and is aiming north. Stochastic is visiting its overbought territory but has started to lose directional strength. 
However until holding above 107.10 the USD/JPY is favoring the upside rather than a downward move.Below this level stronger support is seen at 106.80 and is case breaking this mark to below, 106.50 is going to be tested. On the flip side, next target for the bull comes with 107.50 and higher at 107.85.




Wednesday, 18 April 2018

AUD/USD Found support at 61.8% Fibo

Earlier today the Aussie dropped to its lowest level in six days, but found support at 61.8% Fibonacci retracement latest November to January bullish run at 0.7743.After bottoming exactly at this level AUD/USD bounced and reached a fresh 4-day high at 0.7795 just for few hours.
The short term outlook remains neutral to bullish. On the four hour time frame the price is developing its moving averages, all of them keeping flat stance. RSI and stochastic are showing strong bullish momentum and both are located slightly above their mid-lines.
The upside remains capped by the psychological 0.7800 mark, which was tested last week although bulls couldn’t fight it. Should the pair succeed to break this level, next resistance is provided by the 50% Fibo of above mentioned retracement at 0.7820. On the flip side, immediate support is provided by the 20-day SMA at 0.7770. In case Aussie close below this area, bears would meet again with the 61.8% Fibo at 0.7745. 




Tuesday, 17 April 2018

Cable is under pressure


GBP/USD dropped below the 1.4300 handle after having posted a fresh multi-month high at 1.4375 . The macro agenra today served disappointing UK earnings numbers which contributed to the suffering of the Sterling.
During the last two weeks the Cable performed excellent and rallied from 1.3965 to 1.4375 (the intraday high) and during this period we witnessed higher highs and higher lows. 
Technically speaking the short term outlook remain neutral to bearish. On the four hour time frame the price is developing above its moving averages, having bullish 20-day SMA and slow turning to flat 100-day and 200-day SMAs. RSI has eased its downward slope and currently is located at 58, having a break to look for direction. Stochastic is showing strong bearish momentum and is nearing oversold territory.
As seen on the same chart the pair continues falling and surpassed last week’s high at 1.4344 which brings a signal for deeper pullback.
On the other hand, dips could be limited as Sterling remains backed up by the expectations of BoE’s rate hike on policy meeting next month.
However the pullback could meet strong support at 1.4244 (late March’s highs) and ex long term resistance that should keep intact overall bulls.
Tomorrow will bring the next key event for the Cable with the release of UK inflation data which could provide fresh direction signal.






Monday, 16 April 2018

USD/CAD Retreated from 1.2620


The USD/CAD pair started the new week trading around last sessions highs, but found resistance at 1.2620 before turning to the downside. The current market price is 1.2569 and it seems that bears are likely to test 1.2540 area (last weeks lows).
Technically speaking the short term outlook remains neutral to bearish. On the four hour time frame the price is developing below its moving averages. The 20-day SMA has turned flat while the 100-day and 200-day SMA are keeping downward slopes. Stochastic is showing strong bearish momentum and is nearing oversold area. RSI has lost directional strength and currently is located at 36.
First support is seen at 1.2540 and second at 1.2520, which is broken to below doors are opened for testing 1.2500. To the flip side first resistance is provided by 1.2620 and next at 1.2675.
A key event for the week is the Bank of Canada’s meeting on Wednesday, which is expected to keep the policy rate on hold at 1.25%. The greenback is unstable and weak due to the political woes and with the supportive oil USD/CAD seems to favor the downside.  




Friday, 13 April 2018

NZD/USD Bears reversed the bullish trend


This week the NZD/USD pair regained levels that has not been visited since mid February. But today the kiwi reversed sharply when bulls were about to conquer the 0.7400 handle. The current market price is 0.7353, which is the mid March’s high. 
Technically speaking the short term outlook remains neutral to bearish. On the four hour time frame the price is developing below its flat 20-day SMA and bullish 100-day and 200-day SMAs. RSI is located around its mid-line and has lost directional strength. Stochastic is showing strong bearish momentum and is nearing extreme oversold territory.
The bears succeeded to reverse the bullish trend. Now the downside is supported by 0.7344 (the daily low) which is broken will lead the pair towards the swing high at 0.7323. Looking to the upside resistance is standing at 0.7400 handle followed by 0.7440.




EUR/GBP At lowest level since May 2017


The single currency continues to struggle against the Sterling, suffering from yesterday’s ECB meeting minutes revealing dovish stance. The combination between weak common currency and strong Sterling today drove the EUR/GBP pair to its lowest level since May 2017.
Technically speaking the short term outlook remains bearish. On the four hour time frame the price is developing well below its moving averages. RSI and located within oversold territory  and both are showing strong bearish momentum.
Further falls are possible along with the lack of any significant economic releases.
 
EUR/GBP is currently trading at 0.8636 and a break of 0.8600 figure will set new target for the bears around 0.8530 region.