Currency Market Technical Analysis - Forex Analytics

  • See technical analysis:
  • 1 day
  • 3 days
  • week
  • month
  • all

Rains in top US wheat growing areas after drought improve crop outlook. Will the wheat price continue falling?

Since December last year, cocoa prices have risen by about 40% due to the drought in West Africa and reduction in crop forecasts. Now, the rainy season starts in the region. Will cocoa prices decrease?

Stock prices of American industrial companies are falling amid the meeting of the heads of central banks and G-20 finance ministers (Group of Twenty). Investors are afraid of the criticism of Donald Trump’s new tariff policy. Will the Dow Jones stock index fall?

In this review, we suggest considering the personal composite instrument (PCI) &VSUSD_Index. It reflects the price dynamics of the portfolio of major currencies: EUR, GBP, JPY, AUD, CHF, CAD against the US dollar. Will the VSUSD_Index prices fall?

Slowing wholesale inflation and lower retail sales weigh on US dollar. Will the USDIDX continue declining?

Buy stop1,32
Take profit1,35 and 1,376
Return on Investment +3,3%
Overview date2017-02-15
Date of the closing position2017-03-10 and 2017-05-05

2018 GDP upgrade is bullish for Pound. Will the GBPUSD continue rising?

The U.S. Energy Information Administration (EIA) reported a possible increase in shale oil production in the United States. Will WTI quotes drop??

Last week, positive data on foreign trade for January 2018 were published in Australia. Will the Australian dollar continue to rise?

On Friday, March 9, 2018, the Bank of Japan meeting took place. Its Governor Haruhiko Kuroda announced his readiness to increase monetary stimulus in case of a slowdown in economic growth. Will the weakening of the yen continue?