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Technical Analysis

  • 19 October 2018, 18:19:00

    FTSE Forming Reversed Head and Shoulders Pattern

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    The FTSE100 index strengthened slightly on Friday. It was 0.25 per cent higher during the London session and it traded near 7,045 GBP. Thursday's massive sell-off failed to hit the Footsie and it lost only 0.40 per cent, compared to nearly 2 per cent losses of US stocks.

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  • 19 October 2018, 16:53:00

    NZDJPY Tests Bearish Trend Line Again

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    The NZDJPY cross rose sharply on Friday and was 0.65 per cent stronger during the London session, as it was trading slightly below the 74 handle and testing the long-term bearish trend line yet again.

    Thursday's risk-off session ended quickly, and sentiment became positive once more, which might be considered evident from rising JPY pairs and stocks. It seems as if the NZDJPY cross is now facing a large resistance - July lows combined with the strong bearish trend line, which are located at around 74.00/74.10. The price jumped beyond this trend line in September, but it was only a false breakout and the cross returned back below this downtrend line quickly. Therefore, bulls may have another chance to prove that the latest sell-off is ending and the price can move higher.

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  • 18 October 2018, 18:50:00

    Oil Cancels Immediate Bullish Trend and Tests 100-day Average

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    Oil continues to decline, and it is now down by 10 per cent from its October highs, effectively entering correction territory. It was trading at 0.7 per cent lower on Thursday and was seen near 69.60 USD, where the 100-day moving average stands.

    This is the main support for today's trading and if it is removed, the bearish trend could be confirmed with the next target at 67.20 USD, where the 200-day moving average converged with previous lows.

    Oil has also broken below the short-term bullish trend line, which confirmed the bearish bias for the near term.

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  • 18 October 2018, 18:29:00

    Gold Fights for 100-day Average

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    The bullion is currently having trouble breaching the 100-day moving average, which is currently near 1,225 USD. So far, all attempts to push the price up have been unsuccessful and each time the price jumped above this level, gold was sold-off and declined back below 1,225 USD.

    The commodity was trading at 1,220 USD during the London session on Thursday and it was down by 0.15 per cent.

    The Dollar resumed its uptrend and now seems to be gaining against the Euro and the Yen - which might be considered negative for gold. Therefore, as long as the price remains below the 100-day average at 1,225 USD, the outlook seems neutral.

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Economic Calendar

Time Region Event Prev Forecast Actual
00:00U.S.Baker Hughes Oil Rig Count869873
11:30JapanAll Industry Activity Index, m/m0%
17:00GermanyBundesbank Monthly Report
19:30CanadaWholesale Sales, m/m1.5%0.2%
19:30U.S.Chicago Federal National Activity Index0.18
05:35AustraliaRBA Assist Gov Debelle Speaks
13:00GermanyProducer Price Index (YoY)3.1%2.9%
13:00GermanyProducer Price Index (MoM)0.3%0.3%

Внимание!Экономический календарь не доступен в мобильной версии

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