Monday, 11 June 2018

Fix the number 7





Few things can be more secure in politics than Donald Trump, who is trying to dispel the negative news, creating a bust over another. I think that this is the best translation of latest US president's comments from Friday on Russia return to the G-7 group. But this distracting smoke bomb could still inflict unnecessary harm to Western unity against Russia. 
Russia's worst nightmare wanted permission Russia to come back on the negotiating table.
As he often says, his policy towards Russia is tougher than that of Barack Obama. He agreed to strengthen NATO troops in eastern Europe and to accept Macedonia in the alliance. Putting down Javelin anti-tank missile systems in Ukraine, allowing the Pentagon to attack Russian mercenaries in Syria, imposing sanctions against Vladimir Putin's friends, and evicting Russian spies of solidarity with the United Kingdom after trying to murder a former double agent and his daughter on British soil.
It also fights hard in the closed doors to convince Germany and Europe not to allow the Nord Stream 2 pipeline, which will give Putin more leverage to influence Poland and other European countries.
Trump's "G8" intervention is nonetheless a grant for Putin's strategy to divest the United States and Europe. The attack on the US president is an insult to British Prime Minister Teresa May so early after a failed Kremlin attempt. Europe must confirm its anti-Russian sanctions, and the new Italian government is already skeptical. As for Trump Putin's "willingness to be at the negotiating table," the Russians will treat Trump's unilateral rebate as a sign of weakness.

At the day of 200 Frankenstein's anniversary, the pure and true personification of the crisis of personality, I’ll finish with quote of the  Mary Shelly’s masterpiece: “When falsehood can look so like the truth, who can assure themselves of certain happiness?”  


Friday, 8 June 2018

USD/JPY Is consolidating between Fibonacci levels


The USD/JPY pair is trading lower today, down with 0,4% at around 109.30. The Japanese yen is showing charm on falling European indices while the US dollar is losing strength ahead of G7 meeting.
Technically speaking the short term outlook remains neutral to bearish. On the four hour time frame the price is developing below its flat moving average. Currently the pair is consolidating between Fibonacci levels, below the 50% retracement of the May’s bearish slump, but right above the 38.2% level at 109.30. Stochastic is displaying sharp downward slope and is located within negative territory while RSI has lost directional stregth aroud its 38 level.
A daily close below the the current level will bring additional strength for bears to test the 109.00 region, which if broken will open doors for testing the monthly low at 108.10. Looking to the upside, bears would relieve around above mentioned 50% Fibo at 109.75.


 

Thursday, 7 June 2018

EUR/USD Approaching 38.2% Fibo


The EUR/USD pair is performing excellent during the last four sessions keeping the uptrend and today surged to 1.1837, the highest level since late April. The bullish mode is supported by the QE easing hopes with upcoming ECB meeting next week. On the other hand the greenback is losing strength on latest Trumponomics release concerning the start of several countermeasures which will bring slowdown of economic growth.
Technically speaking the short term outlook remains neutral to bullish. On the four hour time frame the price is developing above its bullish 20-day SMA, which crossed to above the flat 100-day SMA.
The 200-day SMA currently coincides with the 38.2% Fibonacci retracement of latest April to May bearish run at 1.1855 representing the main bullish target. RSI is keeping upward slope around 65 level. Stochastic has entered into extreme overbought area but had eased around 90. 
As mentioned above the first and main target for the bulls is provided by the 38.2% Fibo at 1.1855 and eventual breakthrough will drag the pair towards next challenge at 1.1960 (the 50% Fibo of same retracement).




Wednesday, 6 June 2018

AUD/USD Pushed to 0.7676 and marked fresh 6-week high


The AUD/USD  pair pushed higher today extending the bullish sentiment started form May 9th. The pair surpassed the 61.8% Fibonacci retracement of latest April to May bearish run and surged to daily high at 0.7676. The Australian bulls were influenced by better than expected numbers on economic growth for Q1 while the US agenda has nothing to offer but however the pair retreated slightly from the daily high along with US equities
Technically speaking the short term outlook remains neutral to bullish. On the four hour time frame the price is developing well above its moving averages with 20-day and 100-day SMAs aiming north and flat 200-day SMA. RSI and stochastic had eased above their mid-lines with second once one located within overbought area.
Having in mind that the pair failed to break above its daily high and directionless indicators we might see again it around the support provided by 61.8% Fibo at 0.7660. On the other hand the upcoming session will bring Australia’s AIG Performance on Construction Index for May and the April trade balance figures, which are supposed to show goodish figures  more likely will give the Aussie an additional boost. In this scenario bulls will try to fight the 0.77 level which if broken will open doors for testing 0.7740.




Tuesday, 5 June 2018

EUR/GBP Dipped to 0.8725 area


After yesterday’s nice upward move the EUR/GBP pair dipped today and marked intraday low to 0.8722. As the time of writing the pair is trading at 0.8755 having recovered from the weekly low.The strong bearish mode came after stronger UK services PMI figures which strengthened the Sterling while the single currency came under pressure on the rise of Italian bond yields and thus contributing to the pair’s sharp intraday slump.
Technically speaking the short term outlook remains neutral to bearish. On the four hour time frame the price is developing below its moving averages, having flat 200-day SMA and bearish 100-day and 20-day SMAs. Stochastic is showing strong bearish momentum bur has eased around 30 level. RSI  is aiming north just below its mid-line.
A daily close below the daily low will bring additional strength for bears to test the 0.8700-0.8690 region. On the other hand the 0.8755 - 0.0860 zone offers immediate resistance followed by the stronger one at followed by the 0.8790-0.8800 (the 50% Fibonacci retracement of 2017 bullish run). 




USD/CAD Spiked higher above 1.30


The USD/CAD pair surged through the psychological 1.3000 handle today and the rally surpassed the late March high at 1.3046. The bulls reached daily high at 1.3066 but retreated to currently trade at 1.3010 however adding 100 around pips for the day.
The strong bullish mode came after the gloomy Canada’s Q1 labor productivity data weakening the Canadian dollar while better than expected figures on US ISM's non-manufacturing PMI data fuelled the greenback.
Technically speaking the short term outlook remains neutral to bullish. On the four hour time frame the price is developing well above its moving averages with all of them aiming north. RSI and stochastic are showing strong bullish momentum although both are located slightly above their mid-lines.
A daily close above the late March’s high at 1.3046 will bring additional strength for bulls to test the 38.2% Fibonacci retracement of the 2017 bearish run at 1.3127. On the other hand the profit-taking provoked by the latest rally might lead USD/CAD lower. In case of closing below 1.3000 barrier, which is providing first support now, deeper decline is expected towards 1.2910 – the 50% of above mentioned Fibo.




Friday, 1 June 2018

SmartTemplate by ActivTrades




SmartTemplate is extensive indicator tool developed to help traders build their strategy and to make most proper and well-targeted decisions.
This new add-on is designed and offered by my broker ActivTrades for the Metatrader 4 platform.
This tool is quite different from most indicators on the market because offers simple but highly effective features. This indicator calculates unique long and short trading opportunities based on graphical signs and puts them in context with the respective trend strength rather than using complicated mathematical formulas. 
SmartTemplate not only provides explicit bar chart signals, it also defines the clear time frame to trade.
ActivTrades is also providing handbook for how to use it and you may download it from their website.