Today's Market View (IB Analists)

[Surgeon]

Write analitic on today please

 

[IFCM IB Analists]

Technical Analysis - EURGBP

Praful Narain (Chart Analyst)

Indicators on the day chart euro/pound tried to recover: Daily stochastik shows bull cross, and the momentum is recovering. The firsdt support from the levels of stg0.7848, stg0.7790. Bulls should pay attention to the beginning at the level of stg0.7943.

RES 4: stg0.8100 current maximums, the upper line of daily Bollinger bands
RES 3: stg0.8030 2% envelope
RES 2: stg0.7950 1% envelope
RES 1: stg0.7943 21-day moving average

current price: Stg0.7895 (07:17 UTC)

SUP 1: stg0.7768 correctional minimum, the base line of Bollinger bands
SUP 2: stg0.7744/48 50% correction, minima March 24
SUP 3: stg0.7728 support line from 1.November
SUP 4: stg0.7713 2% envelope

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[IFCM IB Analists]

Today's trade points

by Premlesh Pal Singh (Chief Analyst)

Euro/Dollar: A pair fell to a minimum of 1.5285, so confidence grows that the suffering of the U.S. dollar come to end. We do not yet agree with this opinion and believe that we go into a long stage of integrated correction and consolidation. This morning the quotation likely tried to recover losses and to remain higher than 1.5280 and up to 1.5400 possibly. Then it is possible to drop to 50% level of Fibonacci correction at 1.5230.

Strategy. Open small long positions at 1.5300, stop below 1.5260. Short-term target at the level of 1.5400/1.5440.


Dollar/Yen. Again we need a magnifying glass to examine what is happening with this currency pair, but yesterday a small candle "Spike high" is formed. This could contribute to confidence breakthrough below 9-day moving average at 104.45. In its turn, it may serve as a catalyst for a fall to 26-day moving average at 102.87. Descending pressure will be increased if the pair keep the price below 105.00 this morning, .

Strategy. Sell at 104.35, strengthen the position up to 105.00; stop above 105.75. Short-term target at 103.50, then 101.50.


Pound/Dollar. The breakthrough below 1.9600 helped GBPUSD to fall to the bottom line of the figure "wedge" with top-down slope. Now follow the formation of turning on the weekly chart, if it happends not in this week, then in the following week.

Strategy. Open small long positions at 1.9535, stop below 1.9500. Short-term target at 1.9600 and then at 1.9700.

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Today's Trade Point

By Premlesh Pal Singh (Chief Analyst)

Euro/Dollar. The candle "live", which was formed on the daily chart on Thursday as well as on a weekly chart, said that the current pair formed an interim minimum and will be consolidated on it in the next few days. Today the price will be likely traded above the level of 1.5350 with a possible breakthrough to 1.5450. In the case of overcoming of the figure 1.5500 the covering of short positions may be continued until the level of 1.5555/1.5600.

Strategy. To open buy positions at 1.5390/1.5360; stop below 1.5270. Short-term target at 1.5475, the next at 1.5550.

Dollar/Yen. Candle "bear merger" on a weekly chart against the level of 50% Fibonacci correction showed that the currency pair formed an intermediate top. This week the continuation of consolidation below 105.50 is expected. A descending movement may be supported in the range between 102.00 - 101.50. In the long term, we expect the continuation of the fall of course.

Strategy. To open short positions at the 103.50, but only in the case if you already prepared to reinforce positions before 104.50; stop above 105.00. Short-term target at 103.00/102.75 area, then at 101.50.

Pound/Dollar. The currency pair tested the bottom of the figure "wedge" with descending movement. Keep an eye on the possible formation of the turn figures this week.

Strategy. To open buy positions at 1.9465, stop below 1.9400. Short-term target at 1.9550 and then at 1.9665.

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURJPY

By Praful Narain (Chart Analyst)

Daily stochastik forms the bull cross that signals a stronger support than that of the currency pair Dollar/Yen. The first support is at Y161.61 from the line Kijun line of Ichimoku.

click here to the official website of IFC Markets​

RES 4: Y164.72/96 2% envelope of moving average, maximum of 23 April
RES 3: Y164.40 76.4% Fibonacci level of downward correction of the movement from Y149.33 to Y169.05
RES 2: Y163.10 daily high of 5 and 7 May, 1% envelope
RES 1: Y162.48/56 21-day moving average

Price (06:45: UTC): Y161.99

SUP 1: Y159.87 1% envelope of moving average
SUP 2: Y158.39 minimum of 9 May
SUP 3: Y158.25 2% envelope
SUP 4: Y157.62 peak of Ishimoku clouds

Both Charts are EURJPY​

 

[IFCM IB Analists]

Technical Analysis - USDJPY

By Francois Bidwai (Ichimoku Specialist)

Daily slow stochastik and 10-day momentum give ambiguous signals. A reaction to the level of Y105.70 may play the main role, but the rate has already dropped below 21-day moving average at Y104.20.

RES 4: Y107.47 61.8% of Fibonacci from 114.64
RES 3: Y105.70 maximum of 2 May
RES 2: Y105.43 maximum of 14 May
RES 1: Y104.96 76.4% of Fibonacci from Y105.70

current price: Y104.04

SUP 1: Y103.55 minimum of May 16
SUP 2: Y102.60 minumum of 9 May
SUP 3: Y102.23/28 upper limit of Ichimoku minumum of April 18
SUP 4: Y100.50 basic clouds Ichimoku

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURGBP & EURUSD

By Shivam Machama (Senior Analyst)

EURGBP

While indicators on the chart Euro/Pound remain bull, there is a cause for concern: The cross can not confidently pass Fibonacci level at stg0.7973, stochastik risks to committ bull cross in the overbought zone.

RES 4: stg0.8100 maximum of April 16
RES 3: stg0.8090 2% envelope
RES 2: stg0.8020 current upper line of daily Bollinger bands
RES 1: stg0.8015 1% envelope

current price: Stg0.7947

SUP 1: stg0.7914 21-day moving average
SUP 2: stg0.7854 1% envelope
SUP 3: stg0.7823 minimum of May 8
SUP 4: stg0.7768 corection minimum of May 1


EURUSD

Daily stochastik continues giving the signals of bull divergence, showing a possible test of 21-day moving average and Fibonacci level at $1.5653. The last level is the key one, along with 1% envelope moving average as of Monday the pair kept growing. The initial support may be $ 1.5505 level.

RES 4: $ 1.5740 61.8% Fibonacci level
RES 3: $ 1.5706 a maximum of 25 April
RES 2: $ 1.5634/53 1% envelope moving average, 50% Fibonacci from $ 1.6020
RES 1: $ 1.5560 21-day moving average

current price: $ 1.5533

SUP 1: $ 1.5398 minimum of 14 May
SUP 2: $ 1.5310/20 intraday minimum of 1% envelope moving average
SUP 3: $ 1.5286 minimum of 8 May
SUP 4: $ 1.5232 50% Fibonacci from $ 1.4444

click here to the official website of IFC Markets​

 

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[IFCM IB Analists]

Technical Analysis - USDCHF

by Ajay Gautier (Junior Analyst)

Dollar/Franc multipled losses after the execution of the double peaks in this week. Now the currency pair traded under the key moving averages. DMI indicator is moving in the negative territory. Descending movement may be dominated until the rate trades below the level of a breakthrough at Chf1.0390. The target remains in the area at Chf1.0160.

RES 4: Chf1.0620 maximum of May
RES 3: Chf1.0439 10-day moving average
RES 2: Chf1.0444 21-day moving average
RES 1: Chf1.0381/90 5-day moving average, the level of a breakthrough double tops

current price: Chf1.0278

SUP 1: Chf1.0231 2% envelope
SUP 2: Chf1.0160 target of double tops
SUP 3: Chf1.0136 50% Fibonacci between Chf0.9651-Chf1.0620
SUP 4: Chf1.0021 76.4% Fibonacci between Chf0.9651-Chf1.0620

Click the link to IFC Markets official site
IFC Markets
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[IFCM IB Analists]

Technical Analysis - USDCHF

By Satya Keswani (Junior Analyst)

Intersection of 10- and 21-day moving averages suggests further reducing risks. A negative mood remains in force until the currency pair is traded below the neck line of double tops near Chf1.0390.

RES 4: Chf1.0442 21-day moving average
RES 3: Chf1.0429 10-day moving average
RES 2: Chf1.0390 neck line of double tops
RES 1: Chf1.0346 5-day moving average

The current rate: Chf1.0259

SUP 1: Chf1.0236 minimum May 22
SUP 2: Chf1.0221 2% envelope
SUP 3: Chf1.0160 dual purpose peaks
SUP 4: Chf1.0136 50% Fibonacci of Chf0.9651 - Chf1.0620

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