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Thread: Daily Analytics

  1. #11

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    USD/JPY Daily Analytics
    14:07 19.02.2018



    There's a confirmed bullish "Harami", so the market is likely going to reach the 21 Moving Average. If a pullback from this line happens little later on, there'll be a moment for another decline.



    We've got a bearish "Doji", which hasn't been confirmed yet. So, it's likely to have a local correction in the coming hours. Nevertheless, bulls will probably try to achieve the 89 Moving Average afterwards.

    More:
    https://goo.gl/fzZNkB

  2. #12

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    XAU/USD Daily Analytics
    06:55 20.02.2018
    Recommendations:

    BUY $1320 SL $1305 TP1 $1350 TP2 $1365 TP3 $1400

    BUY $1300 SL $1285 TP1 $1330 TP2 $1350 TP3 $1365

    On the daily chart, XAU/USD bulls didn’t manage to overcome significant resistance at $1360-1365 an ounce. As a result, the risks of correction and triggering of the “Bat” pattern increased. At the same time, the trend remains bullish, so pullbacks from diagonal support may be used for buying.



    On H1 of XAU/USD, the “Shark” pattern is being triggered. Its 88.6% corresponds to the level of $1,323 an ounce. It is in the $1320-1323 convergence area.



    More:
    https://goo.gl/SuXbMg

  3. #13

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    USD/CAD Daily analytics
    07:01 20.02.2018
    Recommendation:

    BUY 1.2645 SL 1.259 TP1 1.2745 TP2 1.2850

    SELL 1.2510 SL 1.2565 TP1 1.2410 TP2 1.2300

    On the daily chart, USD/CAD is at the crossroads. A break of resistance at 1.2645 will give bulls hope for reaching 88.6% and 161.8% of the “Shark” and AB=CD. On the other hand, decline below support at 1.2460 will increase the risk of downtrend’s resumption.



    On H1 of USD/CAD, a break above diagonal resistance near 1.2510 will allow bears to reach 88.6% target of the “Bat”.



    More:
    https://goo.gl/kkhciB

  4. #14

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    EUR/USD Daily Analytics
    12:08 20.02.2018



    The last bearish "Harami" led to the current upward price movement. There's no any reversal pattern so far, which means the pair is likely going to continue moving down in the short term.



    All the Moving Averages have been broken, so the market is moving down towards the lower "Window". If any reversal pattern forms little later on, we could have an upward correction.

    More:
    https://goo.gl/ozSL1z

  5. #15

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    TELEGRAM HAS BEATEN RECORDS
    13:15 20.02.2018
    If you do not know anything about Telegram’s pre-ICO or just forgot, we will give you some key points. Telegram is planning to launch its own blockchain the “Telegram Open Network” (TON). TON will have a lot of advantages such as decentralization, high security, capacity to hold fiat and Telegram’s currency in one wallet, and the main advantage will be the speed and volumes of transactions. At the same time Telegram is going to create its own cryptocurrency with a name “Gram”. The aim of the Telegram was to raise $850 million in a private sale of tokens and $1.15 billion in a public sale.



    So talks about the blockchain TON and pre-ICO have been existing since the end of 2017. But there were not any comments from the Telegram cofounder Mr. Durov, when just several days ago he broke the silence. According to a document, he submitted to the US Securities and Exchange Commission (SEC), in January the company had raised $850 million from 81 investors. Their names are hidden, however, there is information of at least two persons. They are co-founders of two Russian companies: Qiwi and Wimm-Bill-Dann, who invested $17 and $10 million, respectively. An interesting fact is that Pavel Durov limited the possible number of investments.

    Officially it was not the ICO. It can be called as a closed placement of securities in dollars and euros. Investors bought rights to the project's cryptocurrency, so before the launch of tokens, they received securities that implied participation in the future distribution of coins. According to the document, investments will be used only “for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and other purposes” and not for Durov brothers benefit. Talking about future plans, the company is going to raise an additional $1.15 billion via public crowdsale. However, there is not a firm date, all we know that it is planned in March 2018.

    But when will we see the results of such huge investments? An early minimum viable product (MVP) version of TON is planned to be released in the second quarter of 2018 with the Telegram wallet service in the fourth quarter. All TON services together with tokens “Gram” are scheduled for launch in 2019.

    Making a conclusion, we can say that the Telegram pre-ICO has already beaten all records. The previous ICO record was set by Tezos that raised $232 million. There were only two more other coin projects that got more than $200 million, they are Filecoin and Bancor.

    If you want more information about the TON and plans of Telegram, you can read our article

    More:
    https://goo.gl/dJxHqm

  6. #16

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    THE USA VS THE EUROZONE
    14:50 20.02.2018
    There are a lot of factors that affect currencies markets. They are divided into two groups: unpredictable and predictable events. The first group of unpredictable events includes political news and natural disasters. The second group, that we will consider today, covers economic indicators that are displayed in an economic calendar and released at the exact time.

    These indicators show the economic growth and health, they cause exact monetary policy decisions of central banks. If traders know how these figures influence the economy and currency, they will know how to trade.

    We offer you to compare the last data on the main indicators of the two world’s largest economies: American and European. Under the table, you will find an explanation.



    Let’s start with GDP (Gross Domestic Product). As we can see from the table, the American and Eurozone GDPs are almost similar. It shows the stable growth of economies as GDP is the broadest indicator of the economic health. An important fact is when the GDP rises, the domestic currency’s rate grows.
    Trade Balance. When deficit happens to the trade balance, it leads to the fall of the domestic currency. Comparing figures of the American and European trade balance, we see a deficit in American balance and profit in European. If you look at currency rates, you will see that the US dollar is depreciating now, when the euro remains firm. Although there are many other factors that influence the currencies, trade balance plays its part.
    CPI (Consumer price index) and PPI (Product price index) are two of the most important indicators of a monetary policy. CPI estimates an inflation level. And according to this level, a central bank decides which monetary policy to apply. The normal level of inflation is 2%, so all banks aim to reach this figure. If the inflation above 2%, the same when it is much below 2%, it is bad for the currency, the domestic currency depreciates. When we compare the data of the US and the EU, we can see that the CPI data is bigger in the US, it means that inflation is higher there, that is why the Fed has already started tightening its policy and increasing the interest rate. It will positively affect the greenback. The Eurozone CPI is not so high, that is why as we know the ECB is not going to raise the interest rate in the close future. Now it is just tapering quantitative easing.
    Central bank uses interest rates to control inflation in a country. When inflation is near 2%, a central bank starts to tighten its policy, rising interest rates. It positively affects a domestic currency. When a central bank slows down interest rates, inflation rises, so it is bad for domestic currency. If we look at rates, we can see that the EU has the lowest rate of 0.0%. Such low rate is not good for the euro. Here we can say that the US rate of 1.5% affects the US dollar more positively than 0.0% rate the euro.
    The lower Unemployment rate data leads to currency’s growth. We can notice that unemployment is in 2 times lower in the US, so it shows the positive growth of the US economy.
    The Eurozone does not release Core Retail Sales (Retail Sales excluding Autos), that is why you cannot find the second figure in the table. So let’s compare Retail Sales. When retail sales increase, a domestic currency may appreciate. According to RS figures, the US economy has better data, so consumer spending is higher in the US, the economy is growing faster, it is good for the US dollar. However, both figures are negative, that is a bad sign for an economic growth.
    The last but not least indicator is PMI. It is a survey of manufacturing and service industries that shows the economic health. Looking at the data, we can say that figures are almost similar in both economies. Moreover, figures above 50.0 mean industry expansion, so we can say about expansion in manufacturing and services in America and Europe.



    Making a conclusion, we can say that the US economy looks better than the European one in more indicators. You can think that despite good indicators, the greenback has been falling for a long time when the euro is steady. But you should not forget about other factors that affect currency rates: positive indicators of other currencies, political issues, and traders’ mood. Tightening of the Fed’s monetary policy can lead to the rise of the US dollar soon. Positive economic indicators support this trend. At the same time, although now the European economy is failing against the American one, experts see a potential. Tapering of quantitative easing may lead to the growth of the inflation that will let increase the interest rate and will support the euro in the future. Good figures of GDP, trade balance and PMI will support the Eurozone’s economy.

    More:
    https://goo.gl/As9zmC

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