Technical Analysis by Vistabrokers

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EUR / USD. «Head-n-Shoulders»?

On Friday morning bulls have started to wreck nerves of Euro-skeptics - quotes have increased to the 1-month high, making attempts to overcome not only the resistance line of the recent weeks short-term downtrend, but also the graphic border of the remarkable figure. Yes, indeed, it seems, that we have an inverted "head and shoulders" that determines our next steps. Note that in the absence of important fundamental releases today's trading will increasingly depend on technical factors, and that's good.

It is recommended to be prepared for entry into a long position in the case of overcoming graphic boundaries (the neckline) of the reversal pattern.

Volatility: 67%
Trend: sideways
Fundamental background: weak

USD / JPY Is Trading in Phase with Asia

During the last few days trading in USD / JPY was mostly determined with the situation on Asian stock markets - recall the Chinese stock market this week has experienced the powerful wave of sales. Amid this a key Japanese index NIKKEI was also under pressure, which in a domino effect has led to the USD / JPY decline. Thus, quotes have reached the lower limit of the downward channel (which was launched at the beginning of June), where it was a sharp rebound.

It is recommended to open long positions in order to achieve the resistance line of the current price channel.

Volatility: 54%
Trend: bearish
Fundamental background: weak

 

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Market Outlook According to the Method of Bill Williams: GOLD

We have fixed the result on the long position from 1164.93 at 1158.19 (the red Alligator's line crossing) with loss. At this stage, when we are out of the market, we need to place pending breakthrough orders at the nearest fractals. Thus, we will buy from 1167.62, and sale from 1156.84.

Volatility: 22%
Trend: sideways
Fundamental background: weak

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

It seems that Asian stock markets have come out of a nosedive and currently we have strong recovery of the USD / JPY, which, in particular, seriously correlates with the dynamics of the Japanese index NIKKEI. Amid this we have to urgently fix the result on the short position from 122.59 in accord with the signal on the closure of one of the bars above the red Alligator's line (121.71). Currently we are out of the market with the nearest buy order at 122.87 and the sale one at 120.39. Note that conditions for potential entry are not the best, since indicators values are far from zero, and Alligator's lines are not intertwined.

Volatility: 56%
Trend: sideways
Fundamental background: weak

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

The long position from 1.1091 has not given the expected effect, because soon we received a signal to leave the market at 1.1021. However, soon it took another fractal breakthrough, which means for us another entry into the market to buy from 1.1127. It seems that the movement continues, so we are ready to add to the position if receive additional System signals.

Volatility: 68%
Trend: bullish
Fundamental background: weak

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

We have closed the order to sale from 1.5671 with a significant profit (1.5445) on the signal of the red Alligator's line crossing. Now the price is going up, but it does not concern us, because none of placed in opposite directions breakthrough orders at 1.5627 (buy) and 1.5342 (sell) was reached.

Volatility: 37%
Trend: sideways
Fundamental background: weak

 

[Vistabrokers]

EUR / USD. Technical vs. Fundamental

Fundamental factors (there is still no agreement on Greece) hinder a full formation of a graphic reversal pattern «Head-n-Shoulders». Meanwhile, an upside potential remains.

If purchases were made in accordance with the signal of the graphic "neck line" breakthrough, it is recommended to hold the position.

Volatility: 67%
Trend: sideways
Fundamental background: weak

USD / CAD. Near Dividing Line

In the course of the next growth wave within boundaries of a wide upward channel quots have reached its upper border. This level is very close to multi-year highs set in March of this year. In the past few days, market participants could not determine their preferences, and, given the very weak news background today, it is doubtful that in the next few hours anything will be decided. At the same time, the technical picture leads to the conclusion, using indicators to determine the future trading direction.

Receiving reversal signals, it is recommended to open short positions with the aim of achieving the opposite border of the channel. A Stop loss should be placed above the high, at 1.2780.

Volatility: 65%
Trend: bearish
Fundamental background: weak

 

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Market Outlook According to the Method of Bill Williams: GOLD

The order to sell from 1157.97 has activated on the fractal down level breakthrough. There are no additional signals to add yet. We continue to hold the short position and closely monitor changing market conditions.

Volatility: 27%
Trend: bearish
Fundamental background: weak

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

The order to buy from 122.87 has activated. There are no additional signals to add yet. Recall that a current upward momentum brings into question the past few weeks downward trend.

Volatility: 61%
Trend: bullish
Fundamental background: weak

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

We have fixed a small loss on the long position from 1.1127 at 1.1067, and we go into a wait state. According to System rules, we put pending breakthrough orders on the nearest fractal levels. Thus, we will start to buy at 1.1214 and sale at 1.0989.

Volatility: 75%
Trend: sideways
Fundamental background: moderate

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

We have entered the market to buy from 1.5551. There was no significant changes since that, but we should not forget that tomorrow are expected the important data on inflation in the United Kingdom.

Volatility: 34%
Trend: sideways
Fundamental background: weak

 

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EUR / USD. Goodbye Head, Goodbye Shoulders

An agreement on Greece gave impetus to the growth of risky and potentially high-yielding assets such as the US dollar, which has completely broken the bright idea of ​​the possible potential realization of the reversal pattern «Head-n-Shoulders». But there is another side of the coin, which gives us a reason to quickly take advantage of the situation, as the oppositely directed movement, given broken expectations of investors, can be very strong. Thus, many forecasters from investment banks have already revised the scenario for the euro in favor of its further decline.

It is recommended to open short positions on a breakthrough of the support level 1.0914.

Volatility: 72%
Trend: sideways
Fundamental background: moderate

USD / JPY. Ad Astra

Quotes have confidently passed the resistance line of the descending price channel of the last few weeks. The reason was the improvement in sentiment towards risk, which gives reason to expect a further strengthening of the US currency against the yen. Note that the current recovery is carried out with confidence and bulls "see" the support line from which they are buying very well. It should be noted that a lot will be decided today, after the USA reports on the pace of sales in the retail sector. Forecasts are quite positive.

It is recommended to hold long positions (if any), and also to be ready to buy on the closest resistance breakthrough at 123.72 with a target of 125.84, where is the multi-year high for the pair.

Volatility: 64%
Trend: bullish
Fundamental background: moderate

 

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Market Outlook According to the Method of Bill Williams: GOLD

We continue to hold the short position from 1157.97. In recent 24 hours we have received signals to add to the position from the "red zone", as well as from the AC indicator - "zero crossing" and "2 red bars below zero." Meanwhile the market remains calm enough, but it is likely that players will activate soon, namely after today's retail sales data release in the United States.

Volatility: 25%
Trend: bearish
Fundamental background: moderate

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

We continue to hold the position to buy from 122.87, but the current value of the red Alligator's line (122.51) does not guarantee us a positive outcome. Thus, the market is consolidating after local highs breakthrough, but gives us the opportunity to add volume in accordance with System signals - we have "green zone" signals and "2 green bars above zero" on the AC.

Volatility: 64%
Trend: bullish
Fundamental background: moderate

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

After a positive decision of European authorities on Greece a downward trend in the single currency continues (at least if we take near-term), and this has involved us to the sale position after fractal down level breakthrough (1.0989). However, judging by the dynamics of the pair, the market has not completely determined with the direction, which means that we should be ready to respond to a possible reversal and the position closure.

Volatility: 70%
Trend: sideways
Fundamental background: moderate

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

The position to buy from 1.5551 is no longer relevant after one of the bars closure below the red Alligator's line. Nevertheless, market participants have made a new attempt to storm recent highs – a breakthrough of the fractal level at 1.5589.

Volatility: 40%
Trend: bullish
Fundamental background: strong

 

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USD / CAD. Close to Final Frontier

An agreement on the Iranian nuclear program, as a result of which a serious participant of the hydrocarbons market (Iran) may return its power, casts doubt on the possibility of bears in USD / CAD to seize the initiative near six-year highs. Recall that Canada is one of the largest oil exporters, and the Canadian currency is often in phase with oil quotes. However, for this pair everything will be decided later today after the Bank of Canada will publish its decision on the interest rate. If the rate will be cut (it is the likely result, though not the basic one), the pair can "fly off into space."

It is recommended to wait for the BOC decision on the rate, being ready to enter on the 1.2334 level breakthrough.

Volatility: 67%
Trend: bullish
Fundamental background: strong

GBP / USD. Wind Is Turning

The British currency has shown its stuff yesterday. A spectacular growth during yesterday's trading was provided by the Bank of England Governor Mark Carney, who has proclaimed the approach of the rate hike. As a result it was a very strong growth in the pair, that was reinforced also with published yesterday weak data on the US retail sales. Thus, the market situation has changed dramatically, which requires a quick response to this context.

It is recommended to buy on corrections within the current short-term trend borders with the target in the area of ​​1.59, where is the next important resistance level.

Volatility: 36%
Trend: bullish
Fundamental background: moderate

 

[Vistabrokers]

Market Outlook According to the Method of Bill Williams: GOLD

The order to sale from 1157.97 is still relevant, despite the fact that, amid recent events (remember, important agreements were reached on Greece and also Iran's nuclear program), investors have completely lost interest in the yellow metal, moving their attention to risky assets, and the stock market in particular. Thus, quotes are drifting in a narrow trading range, also we have a single signal to sell from the AO indicator (saucer). Stop trade, corresponding to the value of the red Alligator's line, is very close to the opening price.

Volatility: 26%
Trend: bearish
Fundamental background: moderate



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

We continue to hold the long position from 122.87, with no additional signals to add volume. The red Alligator's line has moved to 122.98, formally giving us the reason to expect a final positive result.

Volatility: 62%
Trend: bullish
Fundamental background: moderate



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

Despite the sharp pullback in prices to the area of Alligator's teeth after yesterday's weak retail sales data (1.0989) in the USA, the position to sale from 1.0989 is still in the market. Among additional signals for sale we have "saucer" on the AO, "zero crossing" on AC, as well as "red zone" signals.

Volatility: 63%
Trend: sideways
Fundamental background: moderate


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

We continue to hold the position to buy from 1.5589, to which we can already add extra volume after receiving "green zone" signals. Today, during the US trading session it is expected a number of important statistical publications in the United States, so it is advisable to monitor the market.

Volatility: 38%
Trend: bullish
Fundamental background: moderate

 

[Vistabrokers]

USD / CAD: Let it Roll!

As Vista Brokers analytics had expected, the pair flew into space, or to be more precise, to the new six-year highs, after the Bank of Canada cut the rate yesterday. This is the second reduction of this year, which reflects concerns about the state of the national export-oriented economy in connection with the fall in oil prices. Thus, quotes have left graphic borders of the rising channel, which can now be adjusted with account of momentum acceleration.

It is recommended to hold long positions, carried out after 1.2334 breakthrough, adding on corrective declines.

Volatility: 69%
Trend: bullish
Fundamental background: moderate

EUR / USD. What Will Draghi Say?

Yesterday's speech of Janet Yellen was rather aggressive, that has led to a significant strengthening of the US dollar. The Fed's head has marked the inevitability of this year rate hike, remained rather pleased with the state of the national economy, and mentioned the almost full employment. Today's meeting of the ECB may "finish" the euro if Mario Draghi, in turn, denotes the probability of the quantitative easing program expanding or the probability of its deadline extension.

It is recommended to wait for the market reaction to Draghi's speech before considering opening positions. The path of least resistance for the euro goes down, and in the case of quotes consolidation below the nearest support at 1.0915 we may consider short positions opening with the target in the area of 1.0820, where is the next important level.

Volatility: 56%
Trend: bearish
Fundamental background: strong

 

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Market Outlook According to the Method of Bill Williams: GOLD

The risk appetite rise in global financial markets has pushed gold prices to the lowest levels for the past few months. It gave a serious reason to expect a positive result on the existing short position from 1159.97. Among additional signals we have "saucer" on the AO, "zero-crossing" on the AC, as well as "red zone" signals. It is worth noting that there was also a signal "5 red bars in a row," which means on the one hand, the ability to move a stop order to the level of the last red bar high and on the other — we must stop to add volume in accordance with "red zone" signals.

Volatility: 26%
Trend: bearish
Fundamental background: moderate

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

The order to buy from 122.87 remains relevant because the pair continues to grow slowly but surely. The value of the Alligator's teeth, and the value of our conditional stop order as well, were moved to the level of 123.26. Among additional signals we see "saucer" on the AO, as well as "zero crossing" and "2 green bars above zero" on the AC. Also, we have the same directed fractal as another signal to add.

Volatility: 72%
Trend: bullish
Fundamental background: moderate

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

With the resumption of the downward trend the profit on the current short position has increased over the past day significantly and is already about a figure. Today we expect the press conference of the ECB head Mario Draghi after the meeting of the European CB on the monetary policy, so we must monitor all received System signals.

Volatility: 54%
Trend: sideways
Fundamental background: strong

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

The long position from 1.5589 will be closed soon, as the current bar has crossed the red Alligator's line. If it closes at current levels, the result of the transaction will need to be fixed quickly.

Volatility: 42%
Trend: bullish
Fundamental background: moderate

 

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EUR / USD. Bears Are Waiting for Motive

The important support level we have mentioned in our previous review of (3-month low) stood out on Monday.

Nevertheless, consolidation can be explained by purely technical factors, so we must not relax yet. Discover more at [URL deleted] Technical Analysis of Vista Brokers

 

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GOLD. Things are Moving

Gold has rebounded from the downtrend resistance line.

Are there any reasons to buy now? And what do trading experts recommend to do? Find out at [URL deleted] Technical Analysis of Vista Brokers

 

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Market Outlook According to the Method of Bill Williams: GOLD

The position to sale from 1159.97 remains relevant for XAU/USD.

We should be prepared for a possible emergency profit fixing on this position. Do you want to know why? Then you should go to Vista Brokers Technical Analysis.

 

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

USD/JPY continues to increase slightly, without any serious fluctuations.

We have the long position from 122.87 and some additional trading signals. Get more information at Vista Brokers Technical Analysis.

 

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

Our trading position in EUR/USD may be closed soon, so we should be prepared.

Let's find out how to get profit in this situation. Discover it at Technical Analysis of Vista Brokers.

 

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EUR / USD. Support Stood out

Bears in EUR/USD didn't overcome the support level of 1.0817, which has led to massive profit-taking.

Vista Brokers analysts have a trading strategy for this situation. Find out more at Technical Analysis Section.

 

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GBP / USD. Situation is Heating up

It seems that GPB has started to leave the calm state prior to today's publication of BOE meeting minutes.

The main rate was kept at 0.5% for a long time, but this may soon change. Be kept up-to-date on the situation with our Technical Analysis.

 

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


What influence yesterday's collapse in risky assets' markets had on USD/JPY?

It has triggered profit-taking on our existing trading position and we have already opened the new one. Wind is changing fast, so be ready! Discover more at Technical Analysis of Vista Brokers.

 

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

We have already fixed profit on our short position in EUR/USD.

This pair is still influenced much with fundamental factors, but the main advantage of Bill Williams system is that we do not pay attention to them – only technical analysis shows us the way! Discover more at Technical Analysis of Vista Brokers

 

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GOLD. Everything Is Proceeding According to Plan

Yesterday XAU/USD has closed in the red zone again.

Why financial flows are now rushed high-risky assets? And what Vista Brokers analysts recommend to do now? Find out at our website.