Technical Analysis from IFC Markets

[IFC Markets]

Recommendation for NZD/USD:Sell

Sell Stop։ Below 0.7096
Stop Loss։ Above 0.7142

​

Indicator	Signal
RSI	Neutral
MACD	Sell
Donchian Channel	Sell
MA(200)	Buy
Fractals	Buy
Parabolic SAR	Sell

Chart Analysis​

The technical analysis of the NZDUSD price chart on 4-hour timeframe shows NZDUSD,H4 is falling under the support line above the 200-period moving average MA(200) which is rising still. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.7096. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.7142. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis​

New Zealand retail card spending fell in August. Will the NZDUSD price continue rebounding?

New Zealand electronic retail card spending fell in August as the country went into lockdown in the second half of the month. The Statistics New Zealand reported card spending tumbled 11.4% over year in August after 4.7% growth in July. At the same time food inflation slowed: food prices in New Zealand increased 2.4% year-over-year in August, slowing from 2.8% in each of the previous two months. Falling consumer retail spending and slowing food inflation are bearish for NZDUSD.

 

[IFC Markets]

Recommendation for Gold:Buy

Buy Stop: Above 1808.53
Stop Loss: Below 1781.11
​

Indicator	Signal
RSI	Neutral
MACD	Buy
Donchian Channel	Neutral
MA(200)	Buy
Fractals	Neutral
Parabolic SAR	Buy

Chart Analysis​

The technical analysis of XAUUSD price on the 4-hour timeframe shows XAUUSD,H4 is retracing after breaching above the 200-period moving average MA(200) which has tilted down. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 1808.53. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1781.11. After placing the pending order the stop loss is to be moved every day to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (1781.11) without reaching the order (1808.53) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis​

The August US CPI report indicated the headline inflation ticked down to 5.3% over year from 5.4% in July. Will the XAUUSD price continue rising?

Current technical setup is bullish for XAUUSD. The Bureau of Labor Statistics reported yesterday the annual inflation rate in the US eased to 5.3% in August from a 13-year high of 5.4% reported in June and July, in line with market expectations. Last Friday data showed US producer prices posted another record increase in August: producer price index (PPI) jumped 8.3% from August 2020, not seasonally adjusted, the biggest increase since the data was first collected in November 2010. Both CPI and PPI indicate inflation pressure is high in US economy as it is recovering after the start of COVID epidemic as the central bank eased it monetary policy. And while policy makers had suggested they were considering tapering of purchases of bonds as inflation pressure built up, the recent data pointing inflation has probably peaked. This lessens the odds of an abrupt tightening of US monetary policy, which is also bullish for XAUUSD.

 

[IFC Markets]

Recommendation for GBP/USD: Buy​

Buy Stop։ Above 1.3912
Stop Loss։ Below 1.3744
​

Buy

Indicator	Signal
RSI	Neutral
MACD	Buy
Donchian Channel	Neutral
MA(200)	Buy
Fractals	Neutral
Parabolic SAR	Buy

Chart Analysis​

The technical analysis of the GBPUSD price chart in daily timeframe shows GBPUSD,D1 is testing the 200-period moving average MA(200) after breaching above the resistance line. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.3912. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.3744. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis​

UK’s inflation rose more than expected in August. Will the GBPUSD price continue rebounding?

UK’s inflation rose more than expected in August. The Office for National Statistics reported UK consumer price index jumped to 3.2% over year in August, the highest since March 2012, from 2% in July and above market forecasts of 2.9%. AT the same time the number of people claiming unemployment benefits in the UK declined by 58.6 thousand in August following a 48.9 thousand fall in July. It is the sixth consecutive monthly decline. These are bullish developments for GBPUSD.

Trading signals with a probability of 80% by Autochartist

 

[IFC Markets]

Recommendation for USD/CHF: Buy​

Buy Stop: Above 0.9280​

Stop Loss: Below 0.9149​

Indicator	Signal
MACD	Buy
Donchian Channel	Buy
MA(200)	Buy
Fractals	Buy
Parabolic SAR	Buy
On Balance Volume	Neutral

Chart Analysis​

The technical analysis of the USDCHF price chart on daily timeframe shows USDCHF,Daily is rebounding above the 200-period moving average MA(200) which is starting to rise. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.9280. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9149. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis​

Swiss economic data have been mixed in the last couple of weeks. Will the USDCHF price break out of the current trading range?

Statistical data in the last couple of weeks paint an ambivalent picture of Swiss economic performance. Thus, retail sales fell in July when an increase was expected. However, producer and import prices as well as consumer prices rose more than expected in August. The Swiss Federal Statistical Office reported retail sales shrank 2.6% over year in July after 0.1% growth in June when 1.1% increase was expected. At the same time Consumer Price Index in Switzerland increased 0.9% over year in August after 0.7% growth in July, when 0.8% increase was expected. This is bearish for USDCHF. However technical setup is bullish for USDCHF.

 

[IFC Markets]

Recommendation for USD/CNH: Buy​

Buy Stop: Above 6,47​

Stop Loss: Below 6,42​

Indicator	Signal
RSI	Neutral
MACD	Sell
MA(200)	Neutral
Fractals	Buy
Parabolic SAR	Buy
Bollinger Bands	Neutral

Chart Analysis​

On the daily timeframe, USDCNH: D1 broke up the resistance line of the short-term descending channel. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if USDCNH rises above the last high: 6.47. This level can be used as an entry point. The initial risk limitation is possible below the last lower fractal and the Parabolic signal: 6.42. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (6.42) without activating the order (6.47), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

​

Fundamental Analysis​

The US dollar index is growing ahead of the next Fed meeting. Will the USDCNH quotes continue to rise?

The Federal Reserve meeting will take place on September 22nd. A change in the rate of 0.25% is not expected, but investors do not exclude a reduction in the economic stimulus program through the purchase of bonds. Now it is $ 120 billion a month. An additional positive for the dollar was the unexpected rise in the U.S. retail sales in August. In turn, the Chinese yuan came under pressure due to weak economic data in China. The rise in Industrial Production (+ 5.3%) and Retail Sales (+ 2%) in August was less than expected. Moreover, the growth in industrial production was minimal since July last year, and retail sales - since August. As a reminder, there will be a Mid-Autumn Festival weekend in China until Tuesday. An additional negative for the yuan may be the financial problems of China's largest construction company, China Evergrande Group.

 

[IFC Markets]

CFD on Bitcoin futures Technical Analysis Summary: SELL​

Sell Stop: Below 0.0425
Stop Loss:Above 0.053​

Indicator	Signal
RSI	Sell
MACD	Sell
MA(200)	Neutral
Fractals	Neutral
Parabolic SAR	Sell
Bollinger Bands	Neutral

CFD on Bitcoin futures Chart Analysis​

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CFD on Bitcoin futures Technical Analysis​

On the daily timeframe, uBTC: D1 tries to break down the support line, which, in turn, is the upper border of the previous neutral range. A number of technical analysis indicators have generated signals for further decline. We do not exclude a bearish movement if uBTC: D1 falls below the last 2 lower fractals and lower Bollinger band: 0.0425. This level can be used as an entry point. The initial risk limitation is possible above the last 2 upper fractals, the upper Bollinger band and the Parabolic signal: 0.053. After opening a pending order, move the stop to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (0.053) without activating the order (0.0425), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of CRIPTO - CFD on Bitcoin futures​

USA may tighten regulation of cryptocurrencies. Will the uBTC quotes continue to decline?

Formerly the U.S. Treasury (US Treasury Department) required companies and US citizens to report transfers of more than $ 10,000 related to cryptocurrencies. In his opinion, cryptocurrencies can be used for tax evasion. Recently, a corresponding amendment was made to section 6050I of the US Internal Revenue Code. In addition, the United States Securities and Exchange Commission (SEC) actively opposes lending and deposit operations in cryptocurrencies, believing that this area of activity cannot be carried out in unregulated markets. The SEC previously warned Coinbase and BlockFi Lending against developing and providing such services. An additional negative for the crypto market may be the next court hearing regarding the claims of the American regulator to the terms of the retail placement of XRP cryptocurrency. At the end of last year, the SEC filed a lawsuit against Ripple Labs because of this.

 

[IFC Markets]

USD/CHF Technical Analysis Summary​

Sell Stop: Below 0.9216
Stop Loss: Above 0.9250​

Indicator	Signal
RSI	Neutral
MACD	Sell
Donchian Channel	Neutral
MA(200)	Sell
Fractals	Neutral
Parabolic SAR	Sell

USD/CHF Chart Analysis​

USD/CHF Technical Analysis​

The technical analysis of the USDCHF price chart on 1-hour timeframe shows USDCHF,H1 continues retracing lower after breaching below the 200-period moving average MA(200) which is rising itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.9216. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.9250. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/CHF​

Switzerland’s trade surplus decline was smaller than expected in August. Will the USDCHF price decline persist?

Switzerland’s trade surplus decline was smaller than expected in August. The Federal Statistical Office reported Switzerland's trade surplus narrowed to CHF 5.06 billion in August from CHF 5.3 billion in the previous month, when a decline to CHF 4.5 billion was expected. This is bearish for USDCHF price.

 

[IFC Markets]

EUR/USD Technical Analysis Summary​

Buy Stop:Above 1.1732​

Stop Loss:Below 1.1702​

Indicator	Signal
RSI	Buy
MACD	Buy
Donchian Channel	Buy
MA(200)	Sell
Fractals	Buy
Parabolic SAR	Buy

EUR/USD Chart Analysis​

EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is attempting to rebound toward the 200-period moving average MA(200) after hitting a 30-day low. And the RSI indicator has formed a bullish divergence. We believe the bullish momentum will resume after the price breaches above the upper bound of the Donchian channel at 1.1732. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.1702. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

German manufacturing sector expansion slowed in September. Will the EURUSD price resume retreating?

German manufacturing sector expansion slowed in September. Markit reported German flash Manufacturing PMI declined to 58.5 in September from 62.6 a month ago, when a decline to 61.3 was forecast. Readings above 50.0 indicate industry expansion, below indicate contraction. This is bearish for EURUSD. However current technical setup is bullish for the EURUSD pair.

 

[IFC Markets]

Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2021-09-24​

Hang Seng Index Technical Analysis Summary​

Buy Stop:Above 24839.3​

Stop Loss:Below 24020.3​

Indicator	Signal
RSI	Buy
MACD	Buy
Donchian Channel	Buy
MA(200)	Sell
Fractals	Buy
Parabolic SAR	Buy

​

Hang Seng Index Chart Analysis​

Hang Seng Index Technical Analysis​

The technical analysis of the HK50 price chart in the 4-hour timeframe shows the HK50,H4 is attempting to rebound to the 200-period moving average MA(200) which is falling still. The RSI indicator has formed a bullish divergence. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 24839.3. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 24020.3. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (24020.3) without reaching the order (24839.3) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis of Indices - Hang Seng Index​

HK50 price forecast is bullish despite recent mixed data. Will the HK50 price rebound ?

Hong Kong economic data of the last couple of weeks were mixed. Unemployment declined in August though less than forecast. And inflation declined more than expected. On the positive side the current account surplus rose in the second quarter when a decline was forecast. Thus, unemployment declined to 4.7% from 5% in July when a decline to 4.5% was expected. Inflation rate fell to 1.7% from 3.7% in July when a decline to 1.8% was expected. And current account surplus rose to H$68.5 billion from H$60.6 billion in Q1 when a decline to H$43 billion was forecast.

 

[IFC Markets]

EUR/USD Technical Analysis - EUR/USD Trading: 2021-09-27​

EUR/USD Technical Analysis Summary

Sell Stop:Below 1.1684
Stop Loss:Above 1.1724
​

Indicator	Signal
RSI	Neutral
MACD	Sell
Donchian Channel	Neutral
MA(200)	Sell
Fractals	Neutral
Parabolic SAR	Sell

EUR/USD Chart Analysis​

EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is retracing down following a rebound from three-day low under the 200-period moving average MA(200) which is falling. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1684. A level above this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1724. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals . Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

​

Fundamental Analysis of Forex - EUR/USD​

Euro zone money supply continued to rise in August. Will the EURUSD price continue retreating?

Euro zone money supply continued to rise in August. The European Central Bank reported euro zone money supply M3 rose 7.9% over year in August after 7.6% increase in July, when a 7.8% growth was expected. This is bearish for EURUSD.

 

[IFC Markets]

Lean Hog Technical Analysis - Lean Hog Trading: 2021-09-28​

Lean Hog Technical Analysis Summary

Buy Stop:Above 83.6​

Stop Loss:Below 75.7​

Indicator	Signal
RSI	Buy
MACD	Sell
MA(200)	Neutral
Fractals	Neutral
Parabolic SAR	Buy
Bollinger Bands	Neutral

Lean Hog Chart Analysis​

Lean Hog Technical Analysis​

On the daily timeframe, LHOG: D1 has exceeded the downtrend resistance line. A number of technical analysis indicators have generated signals for further growth. We do not rule out a bullish movement if LHOG rises above its latest high: 83.6. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal and the last two lower fractals: 75.7. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (75.7) without activating the order (83.6), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Lean Hog​

In the United States, the number of pigs has decreased. Will the LHOG quotes grow?

According to the U.S. Department of Agriculture (USDA) as of September 1, 2021, the head herd of pigs in the United States was 75.35 million. This is 3.08 million or 4% less than in 2020. At the same time, the slaughter of pigs lags behind last year's level by only 1.8%. In theory, this could further reduce the American pig population. The USDA also noted that from June to August 2021, the pig crop was 33.9 million. This is 6% less than in the same period in 2020. The number of breeding sows (sows farrowing) decreased in June-August this year by 7% compared to last year. Another outbreak of African swine fever (ASF) may become an additional factor for the increase in pork quotes. Earlier, the National Pork Producers Council noted the emergence of this disease in the Western Hemisphere (Dominican Republic and Puerto Rico), for the first time in 40 years. So far, ASF has not spread further in the region thanks to quarantine measures.

 

[IFC Markets]

CAD/JPY Technical Analysis - CAD/JPY Trading: 2021-09-29​

CAD/JPY Technical Analysis Summary

Buy Stop։Above 88,4
Stop Loss։Below 84,8​

Indicator	Signal
RSI	Buy
MACD	Sell
MA(200)	Neutral
Fractals	Buy
Parabolic SAR	Buy
Bollinger Bands	Neutral

CAD/JPY Chart Analysis​

CAD/JPY Technical Analysis​

On the daily timeframe, CADJPY: D1 approached the upper border of the price channel. It must be broken upward before opening a position. Several technical analysis indicators have generated signals for further upside. We do not rule out a bullish movement if CADJPY rises above the last high and the upper Bollinger band: 88.4. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the last lower fractal and the lower Bollinger line: 84.8. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (84.8) without activating the order (88.4), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Forex - CAD/JPY​

The Canadian dollar is strengthening amid high world oil and natural gas prices. Will the CADJPY quotes continue to rise?

The upward movement means strengthening of the Canadian dollar and weakening of the Japanese yen. Fuel products account for approximately 18% of Canadian exports. Canada's share is about 6% in world oil production and 3% in exports. Canada occupies 5% of the world's gas production. The growth of oil and gas quotes can have a positive impact on the Canadian economy and the exchange rate of its currency. Last week, the country released positive data on retail sales in July. On October 1, Canada will release GDP for July. This indicator may affect the dynamics of the Canadian dollar. Note that on September 30, Canada will celebrate the National Day of Truth and Reconciliation. The Japanese yen is weakening after the publication of negative inflation data for August. The consumer price index dropped 0.4%. Thus, deflation has been recorded in Japan. Investors fear that this may require additional easing of the monetary policy of the Bank of Japan (BoJ). Recall that its rate is -0.1%, and the rate of Bank of Canada (BoC) is much higher and is equal to + 0.25%. There will be a lot of important economic information in Japan this week. In particular, there will be data on retail sales, unemployment, and a speech by the head of Bank of Japan. Tankan business activity indicators will also be published.

 

[IFC Markets]

USD/CHF Technical Analysis - USD/CHF Trading: 2021-09-30​

USD/CHF Technical Analysis Summary​

Buy Stop:Above 0.9367​

Stop Loss:Below 0.9328​

Indicator	Signal
RSI	Sell
MACD	Buy
Donchian Channel	Neutral
MA(200)	Buy
Fractals	Buy
Parabolic SAR	Buy

USD/CHF Chart Analysis​

USD/CHF Technical Analysis​

The technical analysis of the USDCHF price chart on daily timeframe shows USDCHF,Daily is retracing higher above the 200-period moving average MA(200) which is rising itselfe. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.9367. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9328. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/CHF​

KOF economic index continued to decline in September for Switzerland. Will the USDCHF price advance continue?

The KOF Economic Research Agency reported its Economic Barometer index for Switzerland declined to 110.6 points in September from 113.5 in August. The continued decline was mainly attributed to declining foreign demand and manufacturing activity. Weaker performance of Swiss economy is bullish for USDCHF.

 

[IFC Markets]

Wheat Technical Analysis - Wheat Trading: 2021-10-04​

Wheat Technical Analysis Summary

Buy Stop:Above 760​

Stop Loss:Below 666​

Indicator	Signal
RSI	Neutral
MACD	Buy
MA(200)	Neutral
Fractals	Buy
Parabolic SAR	Buy
Bollinger Bands	Buy

Wheat Chart Analysis​

Wheat Technical Analysis​

On the daily timeframe, WHEAT: D1 is moving towards the upper border of the ascending channel. A number of technical analysis indicators have generated signals for further growth. We do not rule out a bullish movement if WHEAT rises above the last high: 760. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the last two lower fractals, the lower Bollinger line and the 200-day moving average line: 666. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (666) without activating the order (760), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Wheat​

The lowest wheat harvest in 19 years is expected In the US. Will the WHEAT quotes continue to rise?

The United States Department of Agriculture (USDA) lowered its forecast for the US wheat harvest this year by 51.2 million bushels to 1.646 billion bushels. US wheat stocks may shrink to 1.78 billion bushels from 2.16 billion bushels last year. Note that the demand for US wheat in the 1st quarter was the highest in 8 years and amounted to 896 million bushels. An additional positive for wheat quotes may be the forecast of the National Oceanic and Atmospheric Administration that rainy weather and the formation of a storm are possible in Texas.

 

[IFC Markets]

EUR/USD Technical Analysis - EUR/USD Trading: 2021-10-05​

EUR/USD Technical Analysis Summary

Sell Stop:Below 1.1589
Stop Loss:Above 1.1603​

Indicator	Signal
RSI	Neutral
MACD	Sell
Donchian Channel	Sell
MA(200)	Sell
Fractals	Sell
Parabolic SAR	Sell

EUR/USD Chart Analysis​

EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is retreating after breaching a support line below the 200-period moving average MA(200) which is falling. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1589. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1603. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

Euro zone producer prices growth was smaller than expected in August. Will the EURUSD price continue retreating?

Euro zone producer prices growth was smaller than expected in August. The statistics office Eurostat reported Producer Price Index (PPI) rose 1.1% over month in August after 2.5% gain in July when a 1.3% growth was forecast. This is bearish for EURUSD.

 

[IFC Markets]

Orange Juice Technical Analysis - Orange Juice Trading: 2021-10-06​

Orange Juice Technical Analysis Summary​

Buy Stop:Above 131.3​

Stop Loss:Below 148.8​

Indicator	Signal
RSI	Neutral
MACD	Sell
MA(200)	Neutral
Fractals	Neutral
Parabolic SAR	Sell
Bollinger Bands	Sell

Orange Juice Chart Analysis​

Orange Juice Technical Analysis​

On the daily timeframe, ORANGE: D1 broke down the uptrend support line. A number of technical analysis indicators have generated signals for further decline. We do not exclude a bearish movement if ORANGE: D1 falls below the last lower fractal and lower Bollinger band: 131.3. This level can be used as an entry point. The initial risk limitation is possible above the high since September 2018, the last 3 fractals tops, the upper Bollinger band and the Parabolic signal: 148.8. After opening a pending order, move the stop to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (148.8) without activating the order (131.4), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Orange Juice​

Brazil is experiencing favorable weather conditions. Will the ORANGE quotes continue to decline?

Somar Meteorologia expects the end of drought and moderate rainfall in Brazil. This could further increase citrus production there. In July, the U.S. The Department of Agriculture (USDA) forecast an increase in the orange harvest in the 2020/2021 agricultural season in Brazil by 7% to 15.9 million tons. Now it can be clarified. Recall that the official forecast of the orange harvest in 2021 from the Brazilian Companhia Nacional de Abastecimento - Conab will be published on October 19. In a number of other countries, orange production is also expected, in particular in the EU by 5% to 6.5 million tons. Thanks to this, the global orange harvest may increase by 5.4% to 48.6 million tons. According to the USDA, this will not be prevented by a 12% cut in the US crop to 4.2 million tons. Orange juice production in the United States may decline this season by 18% to 245 thousand tons. However, this is unlikely to have a noticeable negative impact on the world market, since in Brazil the production of this juice is expected to grow by 18% to 1 million tons and in Mexico - 2 times to 200 thousand tons.

 

[IFC Markets]

Platinum Technical Analysis - Platinum Trading: 2021-10-07​

Platinum Technical Analysis Summary​

Buy Stop:Above 1013​

Stop Loss:Below 899​

Indicator	Signal
RSI	Buy
MACD	Buy
MA(200)	Neutral
Fractals	Neutral
Parabolic SAR	Buy
Bollinger Bands	Neutral

Platinum Chart Analysis​

Platinum Technical Analysis​

On the daily timeframe, XPTUSD: D1 went up from the downtrend. A number of technical analysis indicators have generated signals for further growth. We do not exclude a bullish movement if XPTUSD rises above the last upper fractal and upper Bollinger band: 1013. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the last lower fractal, 11-month low and the lower Bollinger line: 899. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (899) without activating the order (1013), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Precious Metals - Platinum​

The rise in world prices for oil and natural gas may increase interest in projects in the field of hydrogen energy. Will the XPTUSD quotes grow?

Platinum is used in catalysts for the chemical and petrochemical industries, as well as in hydrogen energy. In addition, platinum is used in catalysts for diesel engines for cars and trucks. Diesel demand may stabilize as fuel prices rise. Note that according to the consulting company LMC Automotive, sales of passenger cars and light commercial vehicles of all types of engines in the world in the first half of 2021 increased by 28% compared to the same period in 2020 and reached 42 million units. The World Platinum Investment Council expects an increase in demand for platinum in 2021 due to a possible global shortage. In his opinion, the global production of this metal in 2020 decreased by 18% due to the coronavirus, and the global demand - by only 5%. Note that more than 40% of the demand for platinum comes from industry.

 

[IFC Markets]

Sugar Technical Analysis - Sugar Trading: 2021-10-11​

Sugar Technical Analysis Summary​

Indicator	Signal
RSI	Neutral
MACD	Buy
MA(200)	Neutral
Fractals	Neutral
Parabolic SAR	Buy
Bollinger Bands	Neutral

Buy Stop: Above 20.4​

Stop Loss: Below 19.1​

Sugar Chart Analysis​

Sugar Technical Analysis​

On the daily timeframe, SUGAR: D1 is in a triangle. He must go up from it before opening a position. A number of technical analysis indicators have formed signals for further growth. We do not exclude a bullish movement if SUGAR rises above the last upper fractal and upper Bollinger band: 20.4. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, 4 lower fractals and the lower Bollinger line: 19.1. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (19.1) without activating the order (20.4), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Sugar​

High world oil prices are driving the demand for biofuels. Will the SUGAR quotes continue to rise?

Brent oil quotes are now near a 3-year high, while WTI is near a 7-year high. For 12 months, they have risen in price by about 2 times. This could increase the demand for sugarcane used in the production of ethanol, a fuel for cars. According to agricultural agency Unica, in the first half of September, the share of sugar cane used for ethanol production in Brazil increased to 55.1% from 53.8% in the same period last year. Against this background, in the 2021/2022 season, sugar production in the southern and central parts of the country is expected to decrease by 20.5% to 2.55 million tons. In addition to increased demand for ethanol, deteriorating weather conditions in Brazil may contribute to this. The International Sugar Organization raised its forecast for the global sugar deficit in the 2021/2022 season to -3.83 million tons from its July estimate of a deficit of -2.65 million tons.

 

[IFC Markets]

NZD/JPY Technical Analysis - NZD/JPY Trading: 2021-10-12​

NZD/JPY Technical Analysis Summary​

Buy Stop: Above 79

Stop Loss: Below 75.8
​

Indicator	Signal
RSI	Neutral
MACD	Neutral
MA(200)	Neutral
Fractals	Buy
Parabolic SAR	Buy
Bollinger Bands	Buy

NZD/JPY Chart Analysis​

NZD/JPY Technical Analysis​

On the daily timeframe, NZDJPY: D1 broke up the resistance line of the intermediate downtrend. The currency pair has exited the triangle with a 200-day moving average line at the bottom. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if NZDJPY: D1 rises above the upper Bollinger band and the last high: 79. This level can be used as an entry point. The initial risk limitation is possible below the last three lower fractals, the Parabolic signal, the 200-day moving average and the lower Bollinger band: 75.8. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (75.8) without activating the order (79), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

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Fundamental Analysis of Forex - NZD/JPY​

Reserve Bank of New Zealand (RBNZ) raised its rate to 0.5% from 0.25%. NZDJPY quotes continue to grow?

The upward movement means the strengthening of the New Zealand dollar against the Japanese yen. The RBNZ rate is now the highest among the most developed countries with liquid currencies. This could be a positive factor for the New Zealand dollar. As a reminder, the Bank of Japan (BoJ) rate is currently below zero at -0.1%. GDP growth in New Zealand in the 2nd quarter of 2021 was 17.4% in annual terms. In Japan, the same indicator rose by only 1.9%. The negative factor for the yen was the reduction in consumer spending (Household Spending) in August by 3% in annual terms. They were published on Friday October 8th. Recall that the dynamics of the New Zealand dollar is influenced not only by the economic indicators of New Zealand itself, but also by China. The PRC is one of the main importers of New Zealand goods. Many different economic indicators will be published this week, both in New Zealand and China, as well as in Japan.

 

[IFC Markets]

Copper Technical Analysis - Copper Trading: 2021-10-14​

Copper Technical Analysis Summary​

Buy Stop:Above 4.5​

Stop Loss:Below 4.04​

Indicator	Signal
RSI	Neutral
MACD	Buy
MA(200)	Neutral
Fractals	Buy
Parabolic SAR	Buy
Bollinger Bands	Buy

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Copper Chart Analysis​

Copper Technical Analysis​

On the daily timeframe, COPPER: D1 came out of the triangle and downtrend. A number of technical analysis indicators have generated signals for further growth. We do not exclude a bullish movement if COPPER rises above the last upper fractal and upper Bollinger band: 4.5. This level can be used as an entry point. The initial risk limitation is possible below the 200-day moving average line, the Parabolic signal, the last 2 lower fractals and the lower Bollinger line: 4.04. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (4.04) without activating the order (4.5), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Commodities - Copper​

In September, imports of copper and copper concentrate to China increased. Will the COPPER quotes continue to rise?

According to the Chinese General Administration of Customs, copper imports to China in September 2021 amounted to 406 thousand tons, which is 3% more than in August. At the same time, for 9 months of this year, copper imports to China were 19.5% less than the same period last year. Investors do not exclude a further increase in imports, as stocks of refined copper in Shanghai in September fell by almost a third. This is the largest monthly decline since 2013. The General Administration of Customs also announced an increase in imports of copper concentrate to China in September to 2.1 million tonnes. This is almost 12% more compared to August and is very close to the all-time high of 2.14 million tonnes in September 2020.