17 December, 2015
Yesterday the pair fell and showed a high volatility. The pair was pressured as the Fed made its Interest Rate Decision. As was expected, the regulator hiked the interest rate from 0.25% to 0.5%. At the same time, at the press conference Fed Chair Janet Yellen pointed out that monetary policy will remain loose, while the rate hike is a sign of a trust in economic recovery.
On the other hand, the pair is supported by poor macroeconomic data form the US, where Industrial Production in November shrank by 0.6%, while the Markit Manufacturing PMI fell from 54.0 to 51.3 points.
Support and resistance
Bollinger Bands on the daily chart is moving horizontally while the price range is widening. At the same time, the indicator is forming a signal for a correctional growth. MACD keeps falling. Stochastic reached the oversold zone but continues moving down.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.4956 (8 December low), 1.4922 (local low), 1.4894 (2 December low), 1.4855, 1.4811 (16 April low).
Resistance levels: 1.5000 (psychologically important level), 1.5026, 1.5053, 1.5085, 1.5125, 1.5158, 1.5200 (14 December low), 1.5239 (11 December low), 1.5264, 1.5300.
Long positions can be opened after the price consolidation above the level of 1.5000 with targets at 1.5055, 1.5130 and stop-loss at 1.4970. Validity – 2-3 days.
Short positions can be opened after the breakdown of the level of 1.4920 with targets at 1.4850, 1.4800 and stop-loss at 1.4950. Validity – 2-3 days.
Since December 2015 the index S&P500 has been in the downtrend. In February, the index fell to the level of 2108.0, which is almost 15%. In the past 4 sessions the index had adjusted, approaching the level of 1935.0...
On the 4-hour chart, the price is testing the level of 1210.80 (23.6% correction); the ascending 38.2% fan line is an additional resistance for the price. If this resistance area is overcome, a growth would continue to 1224.90 and 1249.25...
Yesterday, the price of silver fell to last Thursday’s opening levels, when a new local low since the end of October 2015 was reached. Prices of commodity assets are falling as risk appetite is gradually returning to the market...
Yesterday the pair showed choppy trade and closed at its opening level. The price was pressured by growth in the European stock markets and Fed Chair Janet Yellen testimony before the US Congress...
The Company ranks 23th on capitalization in the finance sector among the Issuers, trading in the American stock market. On 22 January the company reported for Q4 of the fiscal year of 2015. The company has been demonstrating negative dynamics for the last few quarters...
Since the opening of the trading day the price of crude oil Brent is declining. On the hourly chart the price has broken down the first support level of 34.35 (ÅÌÀ50), which is ÅÌÀ200 on the four-hour chart...
The price of gold has returned to the level of 1190.00 USD per troy ounce, (which is had at the beginning of November), regaining half of the losses since mid-October 2015. On the daily chart the price has broken down strong resistance levels 1129.00 (ÅÌÀ200)...
Amid sharp decline in the global stock indices since the beginning of the year European index EUROSTOXX50 has lost about 14%. During the final surge of decline from 3515.0 to 2840.0 last December, the price has managed to go above the level of 23.6% Fibonacci...
On the daily chart the price has broken down the upper line of the downward channel at the level of 35.50. Although, on the daily chart the indicators OsMA and Stochastic recommend long positions; on the four-hour chart the indicators give signals in favor of the sell positions...