USD CAD TECHNICAL ANALYSIS Trump is pushing for a NAFTA deal as early as next week, the NAFTA renegotiation fears are dying down, it’s also reported that in the latest US proposal regarding the car, parts are grouped into five categories. In addition, some of which could have a lower requirement for North American contents or none at all, expect…
EUR USD TECHNICAL ANALYSIS FORECAST EURUSD is currently stranded between two strong barriers 1.2070-1.2560, the US Dollar might still be weakened by US-China trade tensions that could actually put additional upward pressure on the Euro, but don’t forget that we have this week non-farm payroll data us, this event could cause large movements on forexYou can clearly see the long…
Turkish lira analysis forecast A lot happens with Turkish lira last month, Turkish lira weakness against us dollar to a new record above 4 and drop at the end of the month – last day to 3.96+_ below 4, the economy is vulnerable to external shocks since it relies on foreign capital inflows to finance its current account deficit.Erdogan has clearly…
Markets technical analysis update The markets are experiencing great volatility and nervousness, quite reflecting the state of the weather in the world in terms of the climate – which is an interesting thing in itselfFurther to the post at the beginning of the week – I want to focus on the last of the markets since the election of TrumpThe…
Stock Market Technical Analysis Forecast This move was expected- Since last records on markets (in end of January), and the beginning of corrections in February the price looks like searching for balanced and direction – the last post was talked about patterns who suggest for more moves Some economic Facts: The Fed’s balance sheet “narrowed by $ 5.5 billion last week, and…
Crude oil Technical Analysis Crude oil futures rallied Tuesday due Tensions between Iran and Saudi Arabiain Baker Hughes oil rig counts from the other week show reduction who could keep prices supported. The Energy Information Administration is also due to report its inventory data today, also today will publish FOMC statement that would likely have an impact on market sentiment.…
GBP USD ANALYSIS GBP USD jumps sharply and broke above 1.40 barrier on news that Brexit transition deal is agreed, Its a Busy week for the British pound: cpi , rate decision , Brexit talksThe legal text of the agreement is expected to be delivered to the EU summit on Thursday and Friday for final ,the date for the transition…
Turkish lira price analysis forecast Last February I posted an update on The Turkish lira who’s traded almost 3 months between 3.85+_ to 3.73+_ boundary price after last year we saw in November new record and Turkish lira almost touch 4 against the dollar, this week Turkish lira break up above 3.90 for the first time since then,Turkish lira also hit…
Stock Market Technical Analysis Forecast Since last records on markets (in end of January), and the beginning of corrections in February the price looks like searching for balanced and direction – the last post was talked about patterns who suggest for more moves Bedside this post we can see also now the triangle pattern in Dow Jones index – break…
Bitcoin Technical Analysis Forecast Cryptocurrency still trades below 10000$- it was expected (look the same story ….)Also, we can see, the declines are followed by higher volume than the inclines, which indicates that the sellers are stronger than the buyers last months. All cryptocurrency suffer from hackers’ who’s sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other…