Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 21 May 00:28 (GMT -05:00)

Foreign exchange market

Dollar Will Go Higher, FortFS

Given the current tension present in the international arena these days, more and more market players are closely watching the major currencies' exchange rates. In their analytic forecast, FortFS experts have named a few factors capable of affecting the U.S. Dollar. The exerts say that the index futures indicate a positive start for the American stock market.
Monday's trading session turned out to be negative for the stock market, mainly due to weak economic stats from China and poor industrial production stats from Europe. On Tuesday, the American indexes were ready for positive performance, backed by the news background. The good news is that the Chinese government is planning to do their best to back stronger economic growth. In particular, they are reported to be implementing various stimuli to back the national economy, which has been slowing down for a while, given the current trade limitations. 
The stimuli may include tax cuts for small business and refiners. On top of that, they are expected to support the local car manufacturing industry, coupled with higher public spending. Long story short, the news form China may well be called the key source of positiveness in the stock market seen over the last few days.
In the meantime, the Forex marker can see the dollar getting stronger within the scope of the current recovery. On Monday, the index gained 0,3% and reached 95.50. The common European currency moved down to the 1.1410-1.1420 area. Gold keeps on trading within a relatively narrow price range, which is 1285-1296.

Tech Analysis of EUR/USD based on Gann Swings and Price Action.


Daily chart. The bearish swing hasn't stopped in the 1.1443-1.1450 range, which means the downtrend is likely to go on, probably down to 1.1341, ForFS experts say.

H1 chart. Within the scope of a local price pattern, we can clearly see a downtrend. At this point, the currency pair is forming a trending swing, which is why selling is considered a good option only after the price is down with something that now seems to be a recovery attempt (probably, somewhere inside the 1.1448-1.1450 area).

The major scenario implies going down to 1.1400, with a following recovery to 1.1438-1.1450, which may well be the launchpad for another strong bearish swing to 1.1341.
The alternative scenario implies going down to 1.1341 right from the current levels.
Possible trading decisions:
Selling at 1.1438-1.1450, the goal is 1.1341.
Looking to buy around 1.1341.



You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.

Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.


Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!

Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

Publication date: 27 April 10:24 AM

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM