Technical Analysis by Vistabrokers

[Vistabrokers]

GOLD. Market is in a Brown Study

Correction continued - bears have easily pushed through a first line of bulls' defense, located at a 38.2% Fibonacci correction level of decline started at the beginning of this year and ended in mid-March. At the moment sellers are contained with a 50% correction, but it may fall soon. Today preliminary inflation data for the current month are expected to be published in the euro zone, and it may affect, in particular, on a balance of power in the gold market, if expectations will differ much from the forecast (-0.3% y / y).

In this situation, it is not recommended to act actively, since there are no necessary preconditions for purchases yet (no evidence of rebound). It is also premature to sell, since a current wave of reduction has not been turned in a trend.


EUR / USD. In Anticipation of Inflation Data

A situation in this pair is still unstable – from above a development of an upward correction is limited by a resistance line of a long-term downtrend, as well as by a 61.8% correctional Fibo level of a wave of decline in February-March, while from below bears are restrained in the last two weeks by a short-term support line. In the next few hours a Statistical Service of the euro zone is to publish data on consumer price index, which should definitely be reflected in the formation of investor sentiment.

This publication will give reason to enter the market, depending on what it would be like. If the data will be lower than expected -0.3%, it will put pressure on quotes, since it would mean that a volume of the ECB's asset purchase program could potentially be higher than announced 60 billions per month. More positive data will support bulls.

 

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GBP / USD. Semi-Annual Highs are More to Come

The "cable" continues its triumphant ascension, taking full advantage from positive macroeconomic indicators in the UK, as well as ignoring (as often happens in such cases), not very positive data. For example, the consumer price index was lower than forecast, but wages growth was above expectations of relevant experts, and it allows to expect the inflation acceleration. The past FOMC meeting has also played its role, as well the Fed's head Yellen comments, which were somewhat more restrained than the market had expected, giving GBP / USD bulls one more reason to build on their success. Currently quotes have reached the 50% correction of the entire downward trend from July 2014 to April 2015, which imposes certain restrictions on the bulls' activity.

At the same time, trading is still held within the upward channel boundaries and only their overrunning beyond these boundaries will give reason to take profit on current long positions. Thus, it is recommended to use any intermediate correction to the line of support to increase the volume of purchases, and, of course, to enter on the breakthrough of the current extremum.

Volatility: 92%
Trend: bullish
Fundamental background: weak

 

[Vistabrokers]

GOLD is Highly Prized Again

Bulls on gold have used a situation with a false support level breakthrough (1170) and took quotes to the middle of the last few months trading range, in the area of $ 1,200 per troy ounce. Given the decline in world stock indices, it is likely that some part of funds from risky assets will be taken into the safe-haven asset (and given the current price dynamics, it is already happening).

In current conditions it is possible to consider purchases, based on achievement of the said trading range upper boundary - 1225. We should note that here is the 50% correction level from the decline in January - March of this year.

Volatility: 62%
Trend: bullish
Fundamental background: weak

 

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Market Outlook According to the Method of Bill Williams

Market Outlook According to the Method of Bill Williams: GOLD

A purchase from 1189.21 will soon be closed, and apparently, we should re-look for the entrance mark. In any case, judging by where is the opening price and by current price dynamics, the relevant position will be profitable for us.

Volatility: 60%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: USD/JPY

On the current bar we have a breakthrough of the fractal up, which means overcoming of the order to buy (123.21) that was placed here earlier. Note that earlier bears have attempted to work for a breakthrough of the next support level three times, but to no avail, which may, in turn, give additional impetus to growth. In any case, it is recommended to closely monitor the current dynamics of the pair, executing each and every System signal.

Volatility: 38%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: EUR/USD

Currently we are out of the market and ready to open a new position on a breakthrough of one of oppositely directed fractals, which are on both sides of Alligator's teeth (the red line). Thus, we will buy on a breakthrough of 1.1435 and sell from 1.1287, depending on the further scenario.

Volatility: 68%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: GBP/USD

The long position may be closed soon (if the current bar closes under the red Alligator line). It should not go without mention that the uncertainty of buyers was caused with the fact that the price has reached the important support line – 50% correction of the whole «cable» decline in the period from July 2014 to April 2015.

Volatility: 88%
Trend: bullish
Fundamental background: weak

 

[Vistabrokers]

Technical Analysis 06/23

USD / JPY. Bulls or Bears?

Once again, rebounding from a 50% correction of an upward momentum in May-June, bulls have reached an upper boundary of formed during the said growth correction graphic figure "triangle". Why this figure is so good? At least because when we work on a breakthrough of its graphical boundaries, risks are relatively low, but the movement potential can be very serious. Today's data from the United States (12.30 GMT), which will have to witness the current situation with durable goods sales, are quite capable to give an appropriate impetus to the pair.

It is recommended to open the order to buy if the daily price will close above the nearest resistance level 124.45, or in the case of support level 122.43 overcoming.

Volatility: 41%
Trend: sideways
Fundamental background: strong

EUR / USD. It Will be a Movement after Consolidation

The next Greek epic saga comes to an end, so in the near future may happen a radical change in the EUR / USD technical picture. In recent weeks quotes (largely due to expectations of solving the situation in Greece) are consolidated within a narrow trading range, but time passes, and the market's reaction in the case of Grexit may be unpredictable.

At this point, bears are making an attempt to break the support line, and if they succeed and consolidate below it, the downward movement will gain momentum and the nearest target may be 1.1050. It is likely that today the data on the current level of business activity in the euro zone and its countries will contribute to it.

Volatility: 63%
Trend: sideways
Fundamental background: strong

 

[Vistabrokers]

USD/JPY. Bulls Try Strength of Triangle Upper Limit

The pair has moved a little above the upper limit of the triangle graphic figure, that we had mentioned in the last review. Meanwhile, given the fact, that today during the American trading session the USA will published the final GDP data for the Q1 (we should not also forget about today's Eurogroup meeting on Greece), this movement does not have essential fundamental reasons. Bulls should overcome the nearest support level 124.45 to feel themselves more confident.

It is recommended to wait for today's expected events before acting. Given the technical picture, the above-mentioned support level breakthrough with a high possibility will give the growth an additional momentum, and we should definitely use this.

Volatility 55%
Trend: sideways
Fundamental background: strong


EUR/USD. In Wait for Miracle

We should mention at once, that during today's meeting of the euro zone finance ministers a Greek question must be decided. Yesterday there were some signals that the deal would be finally made, but we should wait a little more before making conclusions. Meanwhile, investors have started to fix their long positions amid the uncertainty. This has reflected on quotes yesterday when the support line, that was holding sellers the whole last month, was passed.

It is recommended to hold short positions with a target of 1.1050, as we have said in the last review. Thus, it is important to take into account the element of surprise regards the decision on Greece, and be ready for any eventuality. Now, we can move the protective stop-order to the area of the opening price.

Volatility: 54%
Trend: bearish
Fundamental background: strong

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

The order to sale has activated after the price had passed a fractal down at 1181.87. Among additional signals we have «2 red bars below zero» on АС, as well as «red zone» signals. Recall that we must add volume to a position only when the price passes a minimal value (for sales) of a signal bar.

Volatility: 46%
Trend: bearish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: USD/JPY

Despite a lack of important changes in USD/JPY during the last 24 hours, the long position is still relevant. The red Alligator line value has moved to a zero risk area, while there was no additional signals yet. Today the market is looking for the important final GDP data in the USA (Q1), that is why it is recommended to be ready to react on all new System signals.

Volatility: 50%
Trend: bullish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: EUR/USD

We continue to hold our short position from 1.1310. The situation around talks on Greece is heating up, so in the market is growing uncertainty, a constant companion of which is a volatility increase. The value of the Alligator's teeth has moved to the level of 1.1299, while there was no additional signals to sale.

Volatility: 53%
Trend: bearish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: GBP/USD

The market situation has not fundamentally changed – an order to sale from 1.5803 is still relevant. The market is waiting for today's US final GDP data.

Volatility: 76%
Trend: bearish
Fundamental background: moderate

 

[Vistabrokers]

GBP/USD Reached the First Correction Target

After the pair has reached its maximal for the last seven months values (by the way, a peak of the «cable» growth was at the level of 50% correction from a downtrend lasted from July 2014 till April 2015) has started a correction, which currently continues. The size of this correction is now close to a value of 38.2% Fibonacci retracement from the June GBP / USD growth. There are no essential fundamental reasons for decline, as the recent statistics regards the British economy, as well as the US one was near predicted values.

It is recommended to wait for signals from trend indicators, before opening long positions. Meanwhile, it could not be excluded that the correction will continue to the next level – 50% (1.5560), 61.8% (1.5470), but this scenario is connected with high risks.

Volatility: 65%
Trend: bullish
Fundamental background: moderate

GOLD Remains within Range

Gold price sinuous line, apparently, is very close to reflect changes in sentiment in financial markets related to the situation around Greece. At the same time, despite the fact that all possible terms when the saving tranche may be obtained, separating the country from defaulting almost expired, the market is not ready to make a false start. Yesterday quotes have once again tested the lower boundary of the last few months trading range, but could not overcome it again.

Given the current technical picture, it is recommended to buy with a protective stop slightly below yesterday's low with a target of 1220 - the upper border of the range.

Volatility: 40%
Trend: sideways
Fundamental background: moderate

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

We continue to hold the short position from 1181.87. In general the market is calm, and it allows us to gradually move the stop-trade after the price on the red Alligator line level (current value is 1180.88). We have only one additional signal from the «red zone». According to the classical technical analysis, prices have reached the support level, a breakthrough of which would be beneficial for us.

Volatility: 38%
Trend: bearish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: USD/JPY

The uptrend has been placed with the correction, and our long position was closed with the bar closure below the red Alligator line. Currently we are out of the market. We have placed pending breakthrough orders at the nearest fractals levels on both sides of Alligator's teeth.

Volatility: 56%
Trend: sideways
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: EUR/USD

The market is frozen – nobody wants to predict the result of the situation with Greece amid those conflicting rumors that appear in news line. Meanwhile, the order to sale from 1.1310 is still in the market. We have a signal to add volume «3 red bars above zero» on АС.

Volatility: 44%
Trend: bearish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: GBP/USD

We continue to hold a short position from 1.5803. Despite rather calm recent trading, we have additional signals from a «red zone», a «saucer» on АО, as well as «2 red bars below zero» on АС.

Volatility: 63%
Trend: bearish
Fundamental background: moderate

 

[Vistabrokers]

USD / JPY. Thinking about Causes and Effects

Launched breakthrough of the "triangle" upper border went nowhere - market players continue to be cautious, and they really have reasons for it. It so happened that not only and not so much Greeks are interested in the situation in their country, as investors around the world who are used to keep money in a quiet location on the occurrence of such severe cases like this. The yen, together with gold and all sorts of "risk-free" government bonds (we think that there are no such bonds, but so they say) has traditionally been used as one of these safe-havens. So, we wait... Recall that tonight was published the inflation data for Japan (perhaps this is the key data regards the country in recent years) - value was above expectations. What does it mean? Most likely, that the fight against deflation give some results, which means it is unlikely that the Bank of Japan in the near future will think about the expansion of the asset repurchase program, which has driven the yen on thirteen-year lows. And it seems that this is not what Japanese officials want.

We do not recommend to enter the market today, waiting for fundamental changes.

Volatility 61%
Trend: sideways
Fundamental background: moderate

GBP / USD. Market Players Sat on Fence

The British seems to have found some support near the support line and the 38.2% Fibo level of the upward momentum in June. Today, we do not expect any important publications, which means that the trend will continue rather than change its direction.
*
Anyway, it is advisable to be careful when trying to buy from current levels - in any case the protective stop should be placed close.

Volatility: 65%
Trend: sideways
Fundamental background: moderate

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

A market fluctuations amplitude continues to decline, but this is not a reason to relax, because at any time we may reach some data (for example, regards Greece), which will force market participants to activate sharply. In the meantime, we have the conditional stop-order at 1178.07 - the current value of the red Alligator line.

Volatility: 28%
Trend: bearish
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: USD/JPY

After the nearest fractal down level crossing the pending order to sale from 123.28 has activated. Thus, the decline does not have the continuation yet, and we have no additional signals. Anyway, we are prepared to act, because the current price is close to Alligator's teeth, so the position may be closed soon.

Volatility: 60%
Trend: sideways
Fundamental background: moderate


Market Outlook According to the Method of Bill Williams: EUR/USD

The EUR/USD market remains calm. The position to sale is still relevant, despite of the red Alligator's line closure, closing above which would be a signal to leave the market. During the last 24 hours there was no additional signals.

Volatility: 38%
Trend: bearish
Fundamental background: moderate


с: GBP/USD

We have fixed a result on the short position from 1.5803 with a small profit at 1.5742. The range of fluctuations is currently limited with levels of the nearest fractals (where we have our breakthrough orders). The distance between them is near a figure, and it is not too much, due to the last months increased volatility level.

Volatility: 66%
Trend: bearish
Fundamental background: moderate

 

[Vistabrokers]

GBP / USD. Bears Get Advantage prior to US Labor Market Data

Bulls, who were keeping a sufficiently important support level for several days (38.2% Fibonacci retracement from the "cable" growth in June), have finally retreated in the face of fundamental factors. Thus, according to Markit, the manufacturing PMI in the UK was the lowest since April 2013, while the Bank of England financial stability report paid attention to risks associated with the possible default of Greece regards financial markets. Thus, the Old Lady has even announced about a joint plan of the Ministry of Finance and the European authorities on any emergency. Amid this we have a breakthrough of local lows, which means the continuation of a downward correction started from June 18.

Today, the Ministry of Labour will report regarding the US employment situation, which traditionally would have a huge impact on the balance of power in the market. Given the current technical picture, it is recommended to place a pending breakthrough order at yesterday's lows with the target of 1.5560 (50% retracement of the aforementioned upward wave) and then 61.8% (1.5470).

Volatility: 46%
Trend: bearish
Fundamental background: strong

GOLD. Readiness for Action №1

It seems that sellers are willing to storm the nearest support level of 1162 (the lowest level since March 20), which attracts attention, given the expected today statisticson employment in the US agricultural sector. Now the market feels enormous pressure, given the situation with Greece in the context of the upcoming referendum and the fate of the country in the context of membership in the euro zone. It is also a very high degree of investor expectations of arguments in favor of a scenario in relation to the date of the beginning of the Fed rate hike cycle. This gives reason to expect in the near future a sharp rise in volatility and strong market movements, which can be used by traders in the gold market, traditionally sensitive to investors' sentiment towards risk changing.

It is recommended to enter a short position on a breakthough of 1162 with a target of 1142 (low since December 2014), to be prepared to respond quickly to the situation during the American trading session.

Volatility: 26%
Trend: sideways
Fundamental background: strong

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

We continue to hold the short position opened on a breakthrough of the fractal down level (1173.59). Among additional signals we have a «saucer» on АО and «2 red bars below zero» on АС. A technical picture in gold is characterized with buyers' attempts to overcome a support level, which has already caused a downward movement acceleration.

Volatility: 25%
Trend: bearish
Fundamental background: strong

Market Outlook According to the Method of Bill Williams: USD/JPY

Currently we are out of the market, and it is the best position prior to later expected US labor market data (during the American session). The nearest order to buy is at 123.99, to sale – at 121.94.

Volatility: 65%
Trend: sideways
Fundamental background: strong

Market Outlook According to the Method of Bill Williams: EUR/USD

The order to sale from 1.1110 has activated. Among additional signals we have some from a «red zone» as well as «2 red bars below zero» on АС. The situation with Greece keeps market participants in tension, that is why we should closely monitor the situation all the time and be prepare to respond System signals.

Volatility: 38%
Trend: bearish
Fundamental background: strong

Market Outlook According to the Method of Bill Williams: GBP/USD

We have entered to sale from 1.5671. During the last 24 hours there were some «red zone» signals, and we should certainly use them to increase a potential profit on the position. Also we should not forget about the US labor market data (high volatility) and tomorrow's Independence Day in the USA (low liquidity).

Volatility: 44%
Trend: bearish
Fundamental background: strong

 

[Vistabrokers]

GBP / USD. US Data Keep Investors Honest

Long-awaited data on employment in the United States, contrary to expectations, did not make any visible change in the balance of market forces. However, this is more due to the today's holiday (in the United States is celebrated Independence Day), and that the main reaction (based on the published statistics, it is not in a favor of the US currency) should be the next week. So, we have an achievement of a 50% correction in GBP / USD from the upward impulse in June, as well as the proximity of the support line of a higher temporal scale, which currently connects the April and the June local lows.

It is recommended to wait for a rebound from current levels (it is desirable to confirm it with trend indicators) before you consider cautious buying in the range of the resistance line of the current short-term downtrend. It is likely, that some movements we will see today, because in 08.30 GMT Markit will publish the level of business activity in the UK services sector.

Volatility: 38%
Trend: bearish
Fundamental background: moderate
USD / CAD bounces from the line of resistance

Looney in recent days has lost ground against the US dollar, the strength of which, in turn, was derived from expectations of the Federal Reserve interest rate hike (then the US would become the first who tightens the monetary policy among developed economies). Another factor that continues to put pressure on the Canadian economy (and with it on the national currency) remain low oil prices - a key export item of the country. On the other hand, we have at the moment the achievement of the upward trend channel line of the last couple of weeks, and at the same time the growth of pessimism in relation to the US dollar after yesterday's relatively weak employment data in the country.

The current situation suggests a corrective USD / CAD downward movement (that we can use) to the range of the support line of the above-mentioned short-term ascending channel with possible subsequent resumption of growth.

Volatility: 74%
Trend: sideways
Fundamental background: weak

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

Today markets are calm and quiet after yesterday's short-term shake caused by the US labor market data. Thus, currently we see the rebound from earlier reached lows, and the red Alligator's line is close. Recall that closure above it will tell us to fix the result on the current position to sale from 1173.59.

Volatility: 19%
Trend: bearish
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: USD/JPY

We have moved the order to buy to the new fractal up level, at 121.94. Given the fact that today the United States (and many market participants) celebrate Independence Day. So, the position will unlikely open soon, if only the new, more relevant fractal appears closer to the price.

Volatility: 61%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: EUR/USD

The short position from 1.1110 will soon be closed on a classical red Alligator's line crossing. During the last 24 hours there were no additional sales signals.

Volatility: 42%
Trend: bearish
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: GBP/USD

We continue to hold the short position from 1.5671, despite of the significant rebound from levels reached during the recent days downward movement. Currently we should be ready to fix the result on the position if the upward retracement will continue.

Volatility: 39%
Trend: bearish
Fundamental background: strong

 

[Vistabrokers]

EUR / USD. Never a Moment's Peace

The US employment data published on Thursday (rescheduled due to the celebration of Independence Day) together with the market's reaction on the results of the plebiscite in Greece (the people spoke against the agreement with creditors on current conditions) continue to influence the dynamics of the market. As a result, it is very difficult to work, because the reaction of remaining market players in response to certain statements of political leaders (on the bailout program for Greece) clearly can not be taken as a basis for trading decisions. Thus, if the consideration of the agreement will be delayed again, it is expected that the market's attention to this topic will reduce. As a consequence of the continued uncertainty quotes are currently moving in the framework of a tapering price channel, that we may call by stretching a point a "symmetrical triangle".

At this stage, it is recommended to focus on macro-economic indicators, with a corresponding reaction to a probable break of the "triangle" boundaries. Alternatively, if range trading continues, we should use oscillators to detect conditional overbought and oversold zones.

Volatility: 44%
Trend: sideways
Fundamental background: moderate

USD / JPY. Investors Are Interested in Safe-Haven Assets

Today, after release of the information about the Greek people will, bears made an attempt to overcome the lower boundary of the graphic figure "triangle". The Japanese currency is traditionally considered as a safe-haven asset more than the US one, which leads to significant price fluctuations, even when the market receives the news, that at first glance, has no relevance to it. However, quotes have already returned to the above-mentioned pattern borders, and now we see some preconditions for the development of an upward movement.

Today, it is recommended to stay out of the market, waiting for the stabilization of the situation or the real exit of quotes beyond the "triangle."

Volatility: 67%
Trend: sideways
Fundamental background: moderate

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

We have closed the short position from 1173.59 on a signal of the red Alligator's line crossing (1173.22), that is almost the opening price. Soon we have opened a new position to sale from 1165.87, which is currently relevant. Recall that after a referendum in Greece, as a result of which requirements of creditors were rejected, it was a price gap up. Thus, it has closed soon, so the total uncertainty remains.

Volatility: 7%
Trend: bearish
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: USD/JPY

The order to sale from 122.59 has activated. Meanwhile, the market is still burning in fever because of Greece, which causes unpredictable price fluctuations. Thus, after a spurt down at the opening of trades quotes have returned to initial levels and even higher, which means that we should closely monitor the position to fix the result at the right time.

Volatility: 67%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: EUR/USD

We have fixed a formally profit on the short position from 1.1110 at the level of on of the bars' closure above the red Alligator's line. After today's morning fluctuations we have started to sale again, but the result of this position is close to zero yet. It seems that the market is waiting for the reaction of European senior ranks on Greek referendum results. We should be prepared to sharp volatility leaps.

Volatility: 44%
Trend: bearish
Fundamental background: moderate

Market Outlook According to the Method of Bill Williams: GBP/USD

The position to sale from 1.5671 is still relevant, because after a short-time two-step dance the upward movement has continued. We have red zone signals as well as signals from indicators (АО – «saucer», АС – «3 red bars below zero», «zero crossing») to add volume to the position. The value of the red Alligator's line is below 1.5620, which gives us reasons to expect a positive result from this position.

Volatility: 32%
Trend: bearish
Fundamental background: moderate

 

[Vistabrokers]

EUR / USD. Apocalypse Was Cancelled!?..

We should definitely mention a kind of immunity that markets had to develop over the endless Greek tragedy. Thus, earlier market experts were expounding various apocalyptic scenarios about the collapse of the synthetic formation called "the euro zone" in a case of Greek default, but now forecasts have become much more modest, given that the market has remained fairly stable after Sunday's referendum and earlier (when Greece has missed the payment to IMF). One of the key technical analysis postulates states that "prices take everything into account", which means that all projections and assumptions are already accounted in current prices. Earlier we have mentioned the formation of the graphic figure like "symmetrical triangle", where were converging graphic borders. So, if the price leaves its borders, it will give us the reason to open a position in the direction of the breakthrough, and it is meaningless to talk about "to be or not to be". Any trade action will not be justified until the market itself shows the direction.

It is recommended to focus on "triangle" borders and use their breakthrough as a signal to enter the market in the direction of the breakthrough.

Volatility: 47%
Trend: sideways
Fundamental background: moderate

GBP / USD Sees how the Land Lies

The British currency could catch hold of the important support line, thereby interrupting a decline in borders of a short-term downward correction. Here, according to the first rebound, bulls are going to resume the interrupted trend, using current technical opportunities, and not just them, because today is also expected a fundamental reason to buy. Thus, at 08.30 GMT in theUK will be published May industrial production data, which in case of predicted values exceeding may act as a catalyst of growth.

It is recommended to go long ion a breakthrough of 1.5631 to reach the resistance line of the current downtrend. A break of this line will open GBP / USD the way to June highs above 1.59.

Volatility: 67%
Trend: bearish
Fundamental background: moderate

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

We have fixed the result on the short position (from 1165.87) on one of the bar's closure above the red Alligator's line. Currently we are in a «standby mode», and our pending orders are placed at the nearest fractal levels. Thus, we will start to buy at 1174.44 and to sale at 1162.57.

Volatility: 6%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: USD/JPY

The short position from 122.59 is still relevant, because no any bar was closed above Alligator's teeth, despite the high market volatility. Among additional signals we have a «saucer» on АO and a «red zone» signal. Recall that the last is formed when histograms on AO and AC are red.

Volatility: 71%
Trend: sideways
Fundamental background: moderate

Market Outlook According to the Method of Bill Williams: EUR/USD

The market is waiting for results of the unscheduled summit of the euro zone leaders, which was a respond on results of the Sunday's referendum in Greece. Amid this the euro is declining versus its counterparts par to the course and this means the increased unfixed profit on the short position from 1.1031. Among additional signals we should note a «saucer» on АО, as well as «red zone» signals.

Volatility: 46%
Trend: bearish
Fundamental background: moderate

Market Outlook According to the Method of Bill Williams: GBP/USD

The data on the manufacturing activity, published in the UK during today's European sessin, was rather contrary. Bulls, who have just started to test the waters of counterattack from the middle-term trend line, gave way. So, the short position from 1.5671 is in the market, and we have moved the stop-trade (the red Alligator line level) to 1.5593 with the current price at 1.5450.

Volatility: 35%
Trend: bearish
Fundamental background: strong

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

It is a status-quo in the market again. Earlier there was an activation of the order to sale from and then two days of ineffective attempts of sellers to take the wheel. The position was closed almost at the opening level (the red Alligator's lone crossing). After we have closed this position, we opened the long one on a fractal up breakthrough at 1164.93.

Volatility: 10%
Trend: sideways
Fundamental background: weak

Market Outlook According to the Method of Bill Williams: USD/JPY

Yesterday's spurt to the south gave us the reason to relax a little regards our short position from 122.59, despite a current significant rebound from reached highs. Thus, the floating profit on this position is more than the figure, and the red Alligator's line the closure above which will give the signal to enter the market, is now at 122.15.

Volatility: 46%
Trend: bearish
Fundamental background: moderate

Market Outlook According to the Method of Bill Williams: EUR/USD

The position to sale from 1.1031 was closed with a small loss (1.1047) and we should not talk about causes and consequences of such dynamics, bringing a basis under certain market fluctuations. Instead of this we had placed pending orders, one of which has already activated at 1.1091. It was the order to buy (the extremum of the nearest fractal up was crossed). Now we continue to work in accordance with the Williams System by adding volume to the position with respective signals.

Volatility: 58%
Trend: bullish
Fundamental background: moderate

Market Outlook According to the Method of Bill Williams: GBP/USD

Dynamics of the "cable" continues to please, as the short position from 1.5671 is still in the market, and its stop-trade is moving lower and lover (currently at 1.5480) following the price. We continue to get additional signals and use them despite the fundamental background (for example, today's Bank of England meeting).

Volatility: 37%
Trend: bearish
Fundamental background: moderate