EURAUD D1 05 04 2020 1020

The price is already above EMA 20 and EMA50 on the daily chart. The MACD indicator turns positive, and this helps validate the strength of a medium-term uptrend. The Stochastic oscillator has already reached the bottom, according to the weekly chart. The price also stays above EMA 20, EMA 50, and EMA 100 on the weekly chart.

The most important data from this week:
April 5
RBA rate decision 0.25% expectation (0.25% previous)
April 7
ECB Annual report
April 8
RBA Statement on Monetary Policy

EURAUD W1 05 04 2020 1021

 

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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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EURUSD D1 04 27 2020 0909

The EUR/USD currency pair might fall in the near term, based on our technical and fundamental analysis. The price has already reached EMA 20, EMA 50, and EMA 100, on the daily chart. The MACD is still into negative territory. The price is also below EMA 20, EMA 50, and EMA 100 on the weekly chart, and the RSI is still below 50. The Stochastic oscillator indicates a downtrend in progress.

The most important data from this week:
April 29
Germany CPI YoY (0.7% expectation); (1.4% previous)
US GDP QoQ (-4.0% expectation); (+1.8% previous)
FOMC rate decision (0.00% expectation); (0.00% previous)
FED Chairman Powell press conference
April 30
Germany unemployment change (77k expectation); (1k previous)
rate (5.2% expectation); (5.0% previous)
Eurozone CPI YoY (0.7% previous); (1.0% previous)
Italy GDP YoY (-5.2% expectation); (1.0% previous)
ECB rate decision (-0.5% expectation); (-0.5% previous)
ECB President Lagarde’s press conference

EURUSD W1 04 27 2020 0910

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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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GBPJPY D1 04 20 2020 1030

The GBP/JPY pair might fall in the near term, according to the daily and weekly charts. The MACD is still positive, but it will become slowly negative. The next leg of the Stochastic oscillator will be down. The price is below EMA 20, EMA 50, and EMA 100, both on daily and weekly charts. The next leg of the Stochastic oscillator will be also down, on the weekly chart.

April 21
UK Employment Change 3M (+100k expectation); (+184k previous)
Rate 3M (3.9% expectation); (3.9% previous)
April 22
UK CPI YoY (1.5% expectation); (1.7% previous)
April 24
Japan National CPI YoY (0.4% expectation); (0.4% previous)

GBPJPY W1 04 20 2020 1030

 

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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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AUD JPYdaily

 

The AUD/JPY currency pair might rise in the medium and long term, according to the weekly chart. However, this pair indicates a short-term overbought level on the daily chart. The stochastic lines are above 80 on the daily chart, and it means the market is overbought.
There might be a retracement, according to the weekly chart. The price may rise at 75.47, where is Fibo 50 on the weekly chart, to form a triangle.

April 16
Australia employment change (-30k expectation); (+26k previous)
rate (5.4% expectation); ( 5.1% previous)

AUD JPY weekly

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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UK100 D1 04 06 2020 0913

 

The FTSE 100 Index rises 3% by 162 points to 5,578 on Monday, as the City of London welcomes slowing coronavirus death rates in Italy and France. However, the City of London remains concerned about Boris Johnson's health.
The MACD indicator is still positive on the daily chart. The stochastic oscillator indicates a bottom on the daily chart. The uptrend for FTSE 100 is also indicated on the weekly chart. The stochastic oscillator and the RSI oscillator are at the bottom. Britain’s stock market has recently posted its biggest quarterly slump since Black Monday, as the coronavirus forces the UK into a deep recession.

The most important data from this week:
April 8
UK GDP MoM (0.1% expectation); (0.00% previous)
3M (0.1% expectation); (0.00% previous)
UK Trade Balance (10bln expectation); (42bln previous)

UK100 W1 04 06 2020 0915

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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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