SPX500 D1 03 30 2020 1141

The S&P 500 Index might rise in the near term, according to the daily and weekly charts. A potential target might be 2784, where is Fibo 50 on the daily chart.
The MACD is already positive on the daily chart. According to the weekly chart, the RSI oscillator is near the bottom. The Stochastic indicator might bounce back up in the near term.

The most important data of this week:

March 31
US Consumer confidence (112 expectation); (130 previous)
April 1
ISM Manufacturing (45 expectation); (50 previous)
April 3
US NFP (-100k expectation); ( 273k previous)
US Unemployment rate (3.8% expectation); (3.5% previous)

US30 W1 03 30 2020 1139

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GBPJPY D1 02 17 2020 0829

The GBP/JPY is near the overbought level, according to the daily chart. The price is above EMA 20, EMA 50, and EMA 100, and the stochastic oscillator indicates a medium-term overbought. The sell signal might be below 140.87, where is EMA 100 on the daily chart. The price is stuck into a range between 144.00 and 140.00, on the weekly chart. The price stays above EMA 20, EMA 50, and EMA 100, and the stochastic oscillator is still in the neutral zone.

The most important data from this week:
February 18
UK Unemployment Change 3M (+170k expectation); (+280k previous)
Rate (3.8% expectation); (3.8% previous)
February 19
UK CPI YoY (1.6% expectation); (1.3% previous)
February 21
Japan CPI YoY (0.7% expectation); (0.8% previous)

GBPJPY W1 02 17 2020 0832

 

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EURGBP D1 03 23 2020 0828

The EUR/GBP currency pair might continue to rise in the near term, according to the daily and weekly charts. The price is above EMA 20, EMA 50, and EMA 100, and the RSI uptrend pattern is in the progress of getting completed, on the daily chart. According to the weekly chart, the price is still above EMA 20, EMA 50, and EMA 100, the RSI pattern is in progress, and the price might rise to fill the gap at 0.95 level.

The most important data from this week:
March 25
UK CPI YoY (1.7% expectation); (1,8% previous)
March 26
ECB Publishes Economic Bulletin
BOE interest rate (0.10% expected); (0.10% previous)
March 28
Germany CPI (1.7% previous)

EURGBP W1 03 23 2020 0827

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GBPUSD D1 02 10 2020 1124

The GBP/USD pair may continue to fall in the medium-term. The MACD is into negative territory, and the RSI oscillator stays below 50, according to our daily chart analysis. The price is below EMA 20, EMA 50, and EMA 100. The weekly chart also indicates a downtrend. The RSI downtrend pattern is still in the progress of getting completed. The stochastic oscillator is down, and the price stays below EMA20, EMA 50, and EMA100.

The most important data from this week:
February 11
UK GDP 4Q (0.8% expectation); ( 1.1% previous)
YoY (3.7% expectation); ( 2.0% previous)
UK Trade Balance (-350m expectation); ( -4031m previous)
FED Chairman Powell to Speak Before House Financial Services Panel
BOE Governor Carney Speaks Before Lords Committee
February 12
FED Chairman Powell Testifies Before Senate Banking Panel
February 13
US CPI (2.5% expectation); ( 2.3% previous)

GBPUSD W1 02 10 2020 1122

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USDCAD D1 03 16 2020 0917

The USD/CAD pair might fall in the near term, according to our daily and weekly analysis. The RSI oscillator and the Stochastic indicator is at an overbought level, on the daily chart. According to the weekly chart, the RSI oscillator is still in overbought territory. USD/CAD has risen recently, as Bank of Canada has lowered target rate by 50 basis points on negative economic shock from coronavirus.

The most important data from this week:

March 18
Canada CPI MoM (0.3% previous)
You (2.4% previous)
March 20
Canada retail sales MoM (0.00% previous)

USDCAD W1 03 16 2020 0919

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EURAUD D1 02 03 2020 1205

 

The EUR/AUD pair might continue to rise in the near term, according to our daily and weekly analysis. The price has already reached EMA 20, EMA 50, and EMA 100, and the MACD is still positive, on the daily chart. The uptrend RSI pattern is in the progress of getting completed, and the stochastic oscillator indicates an uptrend on the weekly chart. The price stays above EMA 20, EMA 50, and EMA 100.

The most important data from this week:

January 3

RBA rate decision 0.75% expected  (0.75% previous)

January 4

RBA Governor Lowe Gives Speech in Sydney  

January 5 

 ECB President Lagarde Speaks in Paris

January 7

RBA's Lowe Semi-annual Testimony to Parliament Committee

RBA Statement on Monetary Policy

EURAUD W1 02 03 2020 1204

 

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USDCHF D1 03 02 2020 1136

The USD/CHF currency pair is at an oversold level. The RSI oscillator stays near 30, and the Stochastic oscillator is near 9, on the daily chart. The price stays below EMA20, EMA50, and EMA100. According to the weekly chart, a downtrend pattern has already formed on the RSI oscillator. The Stochastic oscillator shows a downtrend, and the price stays below EMA 20, EMA50, and EMA100, on the weekly chart.

The most important data of this week:
March 3
Swiss GDP QoQ (0.2% expectation); ( 0.4% previous)
You (1.3% expectation); ( 1.1% previous)
March 4
Swiss CPI Core YoY (0.2% expectation); (0.2% previous)
FED Beige Book
March 6
US NFP (175k expectation); (225k previous)
US Unemployment Rate (3.6% expectation); (3.5% previous)
Fed's Evans, Bullard, Williams, Resengren, George speak at Shadow Committee Event in New York

USDCHF W1 03 02 2020 1138

 

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USDCAD D1 01 27 2020 1055

 

A medium-long term increase is expected on the USD/CAD currency pair, according to our daily and weekly analysis. The stochastic oscillator is positive, the RSI oscillator is above 50, and the uptrend pattern is in progress. The price is above EMA 50, EMA 100, and EMA 200. It may rise to close the gap on the weekly chart, at 1.3650. The MACD indicator has a positive value on the weekly chart, and the price has already reached EMA 20, EMA 50, and EMA 100.
The most important data from this week:
January 29
FOMC rate decision (1.50% expectation); (1.50% previous)
Jerome Powell press conference
January 30
US GDP Q4 (2.2% expectation); (2.1% previous)
January 31
Canada GDP (1.2% previous)

USDCAD W1 01 27 2020 1053

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EURCAD D1 02 24 2020 1108

The EUR/CAD currency pair is into a downtrend. The price stays below EMA 20, EMA 50, and EMA 100, and the MACD is still into negative territory, on the daily chart. The price enters into a small rebound, but the bottom is still unconfirmed on the daily chart. According to the weekly chart, the RSI oscillator and the stochastic indicator shows a downtrend. The price is into a trendline, between 1.5045 and 1.4215. The price may break the trendline in the medium term, to go at 1.3865, to form a triangle on the weekly chart.


The most important data from this week:
February 25
Germany GDP Q4 (0.3% expectation); ( 0.3% previous)
February 26
ECB President Lagarde Speaks in Wiesbaden,Germany
February 27
Eurozone Economic Confidence (102.6 expectation); ( 102.8 previous)
February 28
France GDP YoY (0.8% expectation); (0.8% previous)
Germany Unemployment Change (5k expectation); (-2k previous)
Rate (5.0% expectation); (5.0% previous)
Germany CPI YoY (1.7% expectation); ( 1.7% previous)
Canada GDP YoY (1.6% expectation); (1.5% previous)
4Q (0.3% expectation); (1.3% previous)

EURCAD W1 02 24 2020 1110

 

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GBPCAD D1 01 20 2020 0906

The GBP/CAD currency pair has entered into a downtrend in the medium term. The MACD is still into negative territory, and the price is below EMA 20 and EMA 50, according to the daily chart. The weekly chart indicates a downtrend for this pair. The price stays below EMA 20 and EMA 50. A downtrend pattern formed on the RSI oscillator is still in progress.

January 21
UK Unemployment rate 3.8% expectation (3.8% previous)
UK Unemployment change (28k previous)
BOE governor Mark Carney speaks in Davos
January 22
Canada CPI YoY (2.3% expectation); (2.2% previous)
MoM (0.00% expectation); (-0.1% previous)
BOC rate decision (1.75% expectation); ( 1.75% previous)
BOC chairman Poloz press conference

GBPCAD W1 01 20 2020 0908

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