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The best broker in Asia www.instaforex.com Daily analysts mail subscription Indicator analysis. Daily review for the EUR/USD currency pair on 14/01/2021 2021-01-14 Trend analysis (Figure 1). Today, from the level of 1.2156 (the closing of yesterday's daily candle), the market can continue to move down with the target of 1.2086 which is the lower limit of the Bollinger Line Indicator (black dotted line). After testing this level, it is possible to continue working up with the target of 1.2102 which is a rollback level of 76.4% (yellow dotted line). Figure 1 (daily chart). Comprehensive analysis: Indicator Analysis – down Fibonacci Levels – down Volumes – down Technical Analysis – down Trend Analysis – down Bollinger Bands – down Weekly Chart – down General conclusion: Today, from the level of 1.2156 (the closing of yesterday's daily candle), the market can continue to move down with the target of 1.2073 which is the historical support level (blue dotted line). After testing this level, it is possible to continue working upwards with the target of 1.2102 which is a rollback level of 76.4% (yellow dotted line). Alternative scenario: From the level of 1.2156 (the closing of yesterday's daily candle), the market may start moving up with the target of 1.2234 which is the historical resistance level (blue dotted line). Technical Analysis of GBP/USD for January 14, 2021 2021-01-14 Technical Market Outlook: The GBP/USD pair had tested the recent swing high located at the level of 1.3698, but no breakout higher occurred so far. The market has made a pull back towards the technical support seen at the level of 1.3624 and keeps trading around this level. In a case of a deeper pull-back, the next technical support is seen at the level of 1.3533. The market conditions are overbought, but the weekly time frame trend remains up. Weekly Pivot Points: WR3 - 1.3811 WR2 - 1.3757 WR1 - 1.3642 Weekly Pivot - 1.3588 WS1 - 1.3474 WS2 - 1.3415 WS3 - 1.3307 Trading Recommendations: The GBP/USD pair keeps developing the up trend and the trigger for this trend was the breakout above the level or 1.3518 on the weekly time frame chart. The recent top was made at the level of 1.3702. All the local corrections should be used to open a buy orders as long as the level of 1.2674 is not broken. The long-term target for bulls is seen at the level of 1.4370. Technical Analysis of EUR/USD for January 14, 2021 2021-01-14 Technical Market Outlook: The EUR/USD pair has retraced 38% of the last wave down made after the Falling Wedge price pattern breakout and was capped at the level of 1.2222. The market reversed and is trading close to the recent local low seen at the level of 1.2132. If this level is clearly violated, then the next target for bears is seen at the level of 1.2088 and 1.2060. The weak and negative momentum supports the short-term bearish outlook for Euro. The larger time frame trend remains up. Weekly Pivot Points: WR3 - 1.2446 WR2 - 1.2395 WR1 - 1.2293 Weekly Pivot - 1.2204 WS1 - 1.2134 WS2 - 1.2082 WS3 - 1.1981 Trading Recommendations: Since the middle of March 2020 the main trend is on EUR/USD pair has been up. This means any local corrections should be used to buy the dips until the key technical support seen at the level of 1.1609 is broken. The key long-term technical resistance is seen at the level of 1.2555. The market made the Falling Wedge trend reversal pattern around the levels of 1.2200 - 1.2300 and now the corrective cycle might have started. Any violation of the level of 1.2154 supports the trend change/corrective cycle scenario. EUR/USD: plan for the European session on January 14. COT reports (analysis of yesterday's deals). Bears regain control of the market, aim to break support of 1.2138 2021-01-14 To open long positions on EUR/USD, you need: In my morning forecast, I paid attention to resistance at 1.2224 and recommended opening short positions from it. The 5-minute chart clearly shows how the bulls are approaching this level, afterwards a sell off of the euro started at the 1.2179 level, which eased the pressure on EUR/USD. But if you missed the first signal, then it's okay. In my afternoon forecast, I recommended opening short positions from the 1.2179 level after testing it from the bottom up. I marked the entry points on the chart. This is exactly what happened. The 1.2179 update brought new large sellers back to the market, which caused the euro to fall to the 1.2138 support area, from where I advised buying the pair immediately on a rebound. In general, the day turned out to be quite profitable and did not create additional problems in determining entry points. Today, buyers of the euro need to think of a way to protect the 1.2138 level in the morning, which has been tested more than three times now. It is best to open long positions from it, subject to creating a false breakout, which may appear after the publication of the minutes of the European Central Bank December 2020 meeting. If the bears continue to pull down the euro, and are not active around the 1.2138 level, I recommend not to rush into long positions. It is best to open long positions immediately on a rebound from the low of 1.2083, or even lower, from the 1.2042 area, counting on an upward correction of 20-30 points within the day. An equally important task for the bulls is to regain control of the 1.2179 level, which can stop the downward trend and leave the pair hanging in a horizontal channel. Moving averages are in this range, playing on the side of the euro sellers. Being able to surpass and test the 1.2179 level from top to bottom will lead to forming a signal to open new longs in order for EUR/USD to rise to the resistance area of 1.2224. The next target will still be the high of 1.2281, where I recommend taking profits. To open short positions on EUR/USD, you need: Sellers of the euro will focus on surpassing and being able to settle below support at 1.2138. A breakout and being able to test this level from the bottom up will create a new signal for opening short positions and will lead the pair to a low of 1.2083, where I recommend taking profits. The next target will be 1.2042, but such an active fall will only be possible after Federal Reserve Chairman Jerome Powell's speech, which will take place in the afternoon. An equally important task for the bears is to protect resistance at 1.2179. If EUR/USD recovers, forming a false breakout there will create a signal for opening shorts in order to sustain the downward trend. If sellers are not active after the resistance test of 1.2179, it is best to refuse to sell, since buyers may try to regain control of the market. In this case, you can take a closer look at shorts only when resistance at 1.2224 has been updated, or sell EUR/USD immediately on a rebound from the high of 1.2281, counting on a downward correction of 20-30 points within the day. The Commitment of Traders (COT) report for January 5 recorded an increase in both long and short positions. Buyers of risky assets continue to believe in a bullish trend despite the euro's decline earlier this year, which will make it possible for new major players to enter the market. News on the ongoing vaccinations against the first strain of coronavirus in Europe will also support euro buyers. Pressure on the euro will come from isolation measures and quarantines in several European countries. Thus, long non-commercial positions rose from 222,443 to 224,832, while short non-commercial positions jumped from 78,541 to 81,841. Due to the larger increase in short positions, the total non-commercial net position decreased from 143,902 to 142,991 weeks earlier. The insignificant change in the delta at the beginning of the year is unlikely to indicate a change in the tactics of euro buyers, who count on bringing back the single currency's growth after the abolition of quarantine measures in the EU countries. Indicator signals: Moving averages Trading is carried out below 30 and 50 moving averages, which indicates a succeeding downward correction for the pair. Note: The period and prices of moving averages are considered by the author on the H1 hourly chart and differs from the general definition of the classic daily moving averages on the daily D1 chart. Bollinger Bands A breakout of the lower border of the indicator around 1.2138 will increase pressure on the euro. A breakout of the upper border of the indicator in the 1.2179 area will lead to a new wave of euro growth. Description of indicators Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 50. It is marked in yellow on the chart. Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 30. It is marked in green on the chart. MACD indicator (Moving Average Convergence/Divergence — convergence/divergence of moving averages) Quick EMA period 12. Slow EMA period to 26. SMA period 9 Bollinger Bands (Bollinger Bands). Period 20 Non-commercial speculative traders, such as individual traders, hedge funds, and large institutions that use the futures market for speculative purposes and meet certain requirements. Long non-commercial positions represent the total long open position of non-commercial traders. Short non-commercial positions represent the total short open position of non-commercial traders. Total non-commercial net position is the difference between short and long positions of non-commercial traders. GBP/USD: plan for the European session on January 14. COT reports (analysis of yesterday's deals). Pound buying madness has slightly calmed after unsuccessful attempts to surpass the year's highs 2021-01-14 To open long positions on GBP/USD, you need: Yesterday, signals to enter the market were created in the first half of the day. The US session did not provide convenient entry points to the market. Let's take a look at the 5-minute chart. We can see that the bulls' failure to surpass resistance at 1.3701, which I paid attention to in my morning forecast, resulted in creating a signal to sell the pound. I highlighted the areas where the signal was generated and where it was confirmed. As a result, we reached the target value of 1.3649 in the US session, which brought more than 50 points of profit. Those who were more stubborn could have tried to wait until the 1.3590 low was updated, but we still have not reached it, although the euro bears hit the pound buyers' ambitions. The new challenge is to regain control over resistance at 1.3649. A breakout and being able to test this level from top to bottom may result in forming a signal to buy the pound and its main goal is for the quote to return to this year's high in the 1.3701 area. An update of this level can result in removing a number of stop orders. This scenario will only push the pound to a larger upward trend in areas of 1.3750 and 1.3803, where I recommend taking profit. If resistance at 1.3649 has been updated and there are no active purchases, it is better not to rush with long positions. In this case, I recommend waiting for the pair's downward correction to reach a larger support at 1.3590, from where you can open longs immediately on a rebound, counting on an upward correction of 30-35 points within the day. In the same place, the bears will try to build the lower border of the new rising channel that was formed on January 11. To open short positions on GBP/USD, you need: The pound will still be under pressure as long as the bears control resistance at 1.3649. All they need is another false breakout in the 1.3649 area, which will only raise the pressure on GBP/USD and cause it to fall to a large support at 1.3590, where I recommend taking profits. The next target will be the low of 1.3547, which will become the defining one in the current downward correction of the pound. If bears are not active in the resistance area of 1.3649, and since important fundamental data on the UK economy will not be released in the first half of the day, then I recommend abandoning short positions until the pound returns to the resistance area of 1.3701. However, forming a false breakout there creates a signal to open shorts, counting on a downward correction to the support area of 1.3649. The Commitment of Traders (COT) report for January 5 recorded a slight decline in interest in the British pound, but this does not affect the overall picture. Long non-commercial positions decreased from 37,550 to 35,526. At the same time, short non-commercial positions remained practically unchanged and only increased from 31,518 to 31,861. As a result, the non-commercial net position, although it decreased, remained positive and reached 3,665 against 6,032 a week earlier. All this suggests that traders continue to bet on the strengthening of the pound, even in the face of the new Covid-19 strain, for which there is no vaccine yet. The demand for the pound is limited by quarantine measures in the UK, which will sooner or later be canceled after the infection stabilizes. Additional stimulus from the Bank of England, which economists will soon talk about, may also somewhat smooth out the upward trend in the pound. Indicator signals: Moving averages Trading is carried out just below 30 and 50 moving averages, which indicates the bears' attempt to take control of the market. Note: The period and prices of moving averages are considered by the author on the H1 hourly chart and differs from the general definition of the classic daily moving averages on the daily D1 chart. Bollinger Bands A breakout of the lower border of the indicator around 1.3610 will increase the pressure on the pound. Growth will be limited by the upper level of the indicator in the 1.3680 area. Description of indicators Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 50. It is marked in yellow on the chart. Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 30. It is marked in green on the chart. MACD indicator (Moving Average Convergence/Divergence — convergence/divergence of moving averages) Quick EMA period 12. Slow EMA period to 26. SMA period 9 Bollinger Bands (Bollinger Bands). Period 20 Non-commercial speculative traders, such as individual traders, hedge funds, and large institutions that use the futures market for speculative purposes and meet certain requirements. Long non-commercial positions represent the total long open position of non-commercial traders. Non-commercial short positions represent the total short open position of non-commercial traders. Total non-commercial net position is the difference between short and long positions of non-commercial traders. Technical analysis of EUR/USD for January 14, 2021 2021-01-14 Overview : Yesterday, the EUR/USD pair reached a new minimum at the price of 1.2145. So, today the price may reach one more minimum around the spot of 1.2145, which coincides with the last bearish wave. Today, the EUR/USD pair is challenging the psychological resistance at 1.2209. Hence, the resistance is seen at the level of 1.2209 in the one-hour time frame. We expect the EUR/USD pair to continues moving in a downtrend below the level of 1.2209 towards the first target at 1.2080, while major resistance is found at 1.2209 (23.6% Fibonacci Expansion). On the downside, a clear break at the level of 1.2209 could trigger further bearish pressure testing 1.2080, which represents the major support today. Forecast: As a result, it is gainful to sell below this price of 1.2209 with targets at 1.2080 and 1.2045. However, the bullish trend is still expected for the upcoming days as long as the price is above 1.2045. Daily Technical level: Major resistance: 1.2280 Minor resistance: 1.2235 Intraday pivot point: 1.2209 Minor support: 1.2080 Major support: 1.2045 EUR/USD. Uninteresting impeachment and CNN's haunting rumors 2021-01-14 The US dollar has been exhausted lately. Market participants remained indifferent to Nonfarm, US inflation and other minimal macroeconomic reports. The indicated currency even ignored the announcement of Donald Trump's impeachment, although this fact is unusual: the current head of the White House will go down in history as a president whom they wanted to remove from power twice in one term. However, this bizarre situation did not impress the traders. The US dollar index remained practically in the same positions as before the vote in the Lower House of Congress. All of this suggests that political fundamentals are no longer again the main driver for the US dollar's growth, which is primarily due to the predictability of the current situation. The Democrats have started a political game, whose result is known in advance to all participants and observers. On the one hand, the situation is truly strange: Trump became the first president in history to be impeached twice and even ten members of the House of Representatives from the Republican Party voted for this decision. But on the other hand, this fact is uninteresting in the currency market. Nothing will change in the medium-term: the indictment against the US president is to be approved by the Senate, which will meet for the first time this year on January 19, that is, the day before Trump's term ends. At the same time, the senators have already refused to hold an extraordinary meeting. Second, a guilty verdict requires 67 senators' votes out of 100. After the Democratic Party won before the Georgia election, they had secured 50 votes in the Upper House of Congress. It is known that Democrats control the Senate, but they still need two-thirds of the vote for the president to be found guilty and removed from office. So, a lot of experts believe that Trump's opponents will not be able to win over 17 Republicans to their side: this bar has not been reached once in history, including the first impeachment of the current president. To simply put it, the impeachment procedure will only be completed after January 20, that is, after J. Biden's inauguration. The US Constitution says that this issue can be considered in relation to the ex-president. The Senate could ban Trump from running for public office, blocking his nomination in the 2024 presidential election. Many analysts believe that the Democrats initiated this process solely for the sake of achieving this result. However, such long-term assumptions are simply not interesting for the currency market. Therefore, the dollar bulls are calmly watching what is happening in Congress, while ignoring the strong accusations against Donald Trump. On another note, the US dollar stays above, despite the disappointing Nonfarm, extremely weak inflation and decline in ant-risk sentiment. It should be recalled that the number of people employed in the non-agricultural sector in December fell by 140 thousand against the forecasted growth of 70 thousand for the first time since April last year. Inflation was also disappointing, although almost all components came out in line with the forecast. In particular, the core consumer price index slowed to 0.1% on a monthly basis. However, it seems that the market is still hopeful. This is in connection with Mr. Joe Biden's speech when he promised trillions of dollars as an additional assistance for the US economy to overcome the coronavirus crisis. And if earlier, these promises could be viewed through the prism of the election campaign, such prospects have now taken on real form. Democrats control both houses of Congress, and their leader will soon take over as the US president. Things are actually gradually being put together perfectly, while dollar bulls are waiting for large-scale fiscal stimulus. Amid such prospects, traders are not in a rush to get rid of the US currency. In particular, EUR/USD buyers failed to consolidate in the area of the 1.22 mark. But as soon as the pair broke the level of 1.2200, it attracted sellers. As a result, the price returned to below the 21st price level. However, the bears were not able to break through the support level of 1.2110 (lower line of the Bollinger Bands on D1). Thus, market participants are waiting for the intrigue to be resolved. During the Asian session on Thursday, the American press (CNN was the primary source) reported that Janet Yellen, who will soon become the US Treasury Secretary, will propose to increase the package of additional fiscal stimulus measures to two trillion dollars this week. But according to another version, Joe Biden will directly voice out a similar proposal during his inaugural speech. This information background provoked an increase in Treasury yields – in particular, the yield on 10-year securities rose to 1.11%, simultaneously providing support to the US currency. Therefore, the dollar bulls have strengthened due to expectations of a larger fiscal stimulus, despite the decline in anti-risk sentiment. The current fundamental outlook prevents the buyers of the EUR/USD pair from developing a large-scale offensive: the US dollar will be in demand in the medium-term until the issue of the new aid package for the US economy is resolved. This means that short positions for the EUR/USD pair can be considered, with the first target of 1.2100 and the main target of 1.2070 (Tenkan-sen line on the daily chart). It is too early to talk about a larger price decline, given the Fed's "dovish" remarks and weak macroeconomic reports. However, the pair is likely to fall within the 100-point range. In this case, the dollar will be "bought on rumors", then "sold on facts". Trading plan for EUR/USD on January 14. Growth in COVID-19 and political instability in the US. 2021-01-14 COVID-19 incidence reached record highs again. It seems that without a vaccine, the virus will not retreat. Unfortunately, at the moment, the pace of vaccination has slowed. In large countries, only about 2% of the population have been vaccinated. To change the dynamics, around 15% have to be vaccinated. In another note, Democrats in the lower house of Congress passed the impeachment of Donald Trump. But according to the Senate, in the remaining week before Joe Biden takes office, it will not accept anything. EUR/USD - data on US employment will be released later in the afternoon. In any case, open long positions from 1.2225. Open short positions from 1.2130. Technical analysis of AUD/USD for January 14, 2021 2021-01-14 Overview : In the one-hour time frame, the AUD/USD pair continues to move in an uptrend from the level of 0.7685 this week. So, major support is seen at 0.7685, while immediate resistance is found at 0.7782. Besides, it should be noted that the support coincides with the ratio of 23.6% Fibonacci. Today, we guess that the pair will be traded higher in the early session and try to reach the first resistance at the level of 0.7782. The bias is neutral in the nearest term probably with a little bullish bias testing 0.7782 area which needs to be clearly broken to the upside to keep the bullish scenario strong. A clear break above that area (0.7782) could lead the price to the neutral zone in the nearest term testing 0.7821 (double top). Thus, we confirm the bullish scenario. On the downside, a clear break and daily close below 0.7875 could trigger further bearish pressure testing 0.7643 which represents a double bottom in coming five days. Consequently, the AUD/USD pair is able to close below the support of 0.7643 on the four-hour chart; the trend will continue its bearish momentum today. As a result, it is gainful to sell below this price (0.7875) with targets at 0.7685 and 0.7643. However, the bullish trend is still expected for the upcoming days as long as the price is above 0.7643 levels. Range : 0.7643 - 0.7875. GBP/USD. January 14. COT report. The coronavirus is attacking the UK. The country sets anti-records for the number of deaths from COVID-19 2021-01-14 GBP/USD – 1H. According to the hourly chart, the quotes of the GBP/USD pair performed a rebound from the level of 1.3698, a reversal in favor of the US dollar, and a fall to the corrective level of 100.0% (1.3625). Fixing the quotes below this level will work in favor of continuing the fall in the direction of the next Fibo level of 76.4% (1.3522). Rebound - in favor of the British and return to the level of 1.3698. On January 13, 1,564 deaths from coronavirus were recorded in the UK. This is an absolute anti-record for the entire time of the pandemic in the country. Unfortunately, doctors and the government do not expect the situation to improve in the coming weeks. But, despite such sad statistics, the British continue to feel just fine and continues to be close to the highs over the past few years. There is not much news from the UK that is not related to the epidemic. The last rather significant event (the speech of the Governor of the Bank of England, Andrew Bailey) had a very restrained impact on traders. Thus, it seems that for the British to start a new downward trend, new negative news from Britain is needed. Although it is still quite difficult to say which traders pay more attention to, the negative from the United States or the positive from Britain (which is practically absent, except for the conclusion of a trade agreement with the European Union)? In general, the information background is very contradictory and does not allow us to draw unambiguous conclusions. GBP/USD – 4H. On the 4-hour chart, the GBP/USD pair performed a rebound from the corrective level of 127.2% (1.3701) and a reversal in favor of the US dollar with the beginning of a fall in the direction of the Fibo level of 100.0% (1.3481). Fixing the pair's quotes above the level of 127.2% will increase the probability of continuing growth in the direction of the next corrective level of 161.8% (1.3977). GBP/USD - Daily. On the daily chart, the pair's quotes performed a consolidation above the corrective level of 100.0% (1.3513). Thus, the growth process can be continued in the direction of the Fibo level of 127.2% (1.4084). Only the closing of the pair below the level of 100.0% will work in favor of a further fall in quotes. GBP/USD - Weekly. On the weekly chart, the pound/dollar pair closed above the second downward trend line. Thus, the chances of long-term growth of the pound are significantly increased. Overview of fundamentals: There were no important economic reports in the UK on Wednesday. In America, only inflation came out, which slightly exceeded traders' expectations and slightly supported the dollar. The economic calendar for the US and the UK: US - number of initial and repeated applications for unemployment benefits (13:30 GMT). US - Fed Board of Governors Chairman Jerome Powell will deliver a speech (17:30 GMT). On January 14, the UK calendar is empty, and in the US, the main event of the day is a speech by Fed Chairman Jerome Powell. COT (Commitments of Traders) report: v The latest COT report from January 5 showed the same minimal activity of major players as in the case of the euro currency. During the New Year's week, the "Non-commercial" category of traders opened 1,028 long contracts and 1,111 short contracts. That is, almost an equal number. Thus, I cannot conclude that during the reporting week, the mood of speculators became more "bullish" or more "bearish". Judging by the total number of open contracts in this category, the mood remains more "bullish". However, on December 1, the situation was exactly the opposite, and the pound sterling was growing even then. In general, there are no strong changes in the mood of major players. GBP/USD forecast and recommendations for traders: It is recommended to buy the British dollar now when the quotes rebound from the level of 100.0% (1.3625) on the hourly chart with targets of 1.3698 and 1.3744. It is recommended to sell the pound sterling at the close of quotes under the level of 1.3625 on the hourly chart with a target of 1.3522. Terms: "Non-commercial" - major market players: banks, hedge funds, investment funds, private, large investors. "Commercial" - commercial enterprises, firms, banks, corporations, companies that buy currency, not for speculative profit, but to ensure current activities or export-import operations. "Non-reportable positions" - small traders who do not have a significant impact on the price. Forex forecast 01/14/2021 on USD/JPY, US Dollar Index, SP500, DJ and Bitcoin from Sebastian Seliga 2021-01-14 Let's take a look at the technical picture of USD/JPY, US Dollar Index, SP500, DJ and Bitcoin at the daily time frame chart. Trading plan for EUR/USD and GBP/USD on 01/14/2021 2021-01-14 The markets are currently ignoring macroeconomic statistics. Yesterday, only the pound tried to make a reaction to the inflation data in the United States. However, it was not pleasing, which is not surprising at all. The Democratic Party continues to make sure that everyone is alert, as they arranged Donald's Trump impeachment. The Congress made an impeachment decision for the fourth time. But immediately after that, Republican Majority Leader in the Senate, Mitch McConnell, expressed doubts that the Senators would have time to essentially consider the issue in the remaining seven days, as in any case, Donald Trump is still ending his term on January 20. Moreover, he said that the Senate cannot proceed to this issue until then, until Congress hands it over to the Senators. However, Nancy Pelosi, head of the Democratic majority in Congress, did not answer the question of when this issue will be officially sent to the Senate. It turns out that the Democrats just made another intrigue without any practical result. Therefore, it is clear that as long as the Republicans control the Senate, Donald Trump cannot be officially impeached. However, the Democrats made everyone pretty nervous, as they are willing to pursue their political opponents. This extremely scared investors. So far, their attempts have come to nothing, but the persistence they have shown raises concerns. Let's just say that their actions do not fit into the democratic values they declare, which could have very serious consequences even in the future. Nevertheless, their failure eventually led to the dollar's strengthening and this is especially evident in the single European currency. The price of the euro began to decline even before Congress made its decision and before the Senate announced its position on this issue. Apparently, large investors still retain their critical ability, even if things are panicky lately. At the same time, they completely ignored Europe's data on industrial production, whose rate of decline slowed down from -3.5% to -0.6% against the forecasted -3.2%. However, investors are more concerned with US political stability than European industry. Industrial production (Europe): A little later, the pound slightly declined amid Congress' actual decision and then followed by sarcastic remarks from the Senate. It also almost coincided with the publication of US inflation data, which is pleasantly surprising. After all, inflation is expected to most likely remain unchanged, and only the boldest predicted growth is from 1.2% to 1.3%. However, this indicator rose from 1.2% to 1.4% which surprised everyone. Consequently, the yield on corporate bonds will increase soon, along with the company's revenues. In normal conditions, this data should have led to a more significant strengthening of the US dollar, but political risks continue to exert pressure. Inflation (United States): In general, investors need to calm down and take a breath. This means that there will be no serious reaction to today's macroeconomic statistics, although the forecasts for applications for unemployment benefits are quite optimistic. Here, the number of initial requests is expected to rise by 3,000, but this is not very important. The number of repeated applications, in turn, should be lowered by 222,000. Most importantly, the number of repeated applications should decline below the 5 million mark for the first time since last year spring. Nevertheless, the US dollar's strengthening will be restrained, since investors need a break. Number of re-claims for unemployment benefits (United States): The EUR/USD pair, after a short recovery, returned to the area of the base of the correction movement, where the trading week began. We can assume that the pivot point of 1.2130 will still serve the market and hold back sellers, which can lead to an amplitude of 1.2130/1.2275. The signal for the next round of the corrective move will be the price keeping below the level of 1.2130 in the four-hour time frame. The GBP/USD pair found a resistance in the area of the local high of the medium-term upward trend of 1.3690/1.3705 after a sharp growth. A stop occurred, which resulted in a pullback. We can assume that the existing stagnation can serve as an acceleration for the next movement, where the direction to the range of 1.3550-1.3500 will open if the price is kept below the level of 1.3600. Otherwise, the current amplitude can continue to the limits of 1.3610/1.3690. Make money Deposit funds Author's today's articles: Sergey Belyaev Born December 1, 1955. In 1993 graduated from Air Force Engineering Academy. In September 1999 started to study Forex markets. Since 2002 has been reading lectures on the technical analysis . Is fond of research work. Created a personal trading system based on the indicator analysis. Authored the book on technical analysis "Calculation of the next candlestick". At present the next book is being prepared for publishing "Indicator Analysis of Forex Market. Trading System Encyclopedia". Has created eleven courses on indicator analysis. Uses classical indicators. Works as a public lecturer. Held numerous seminars and workshops presented at international exhibitions of financial markets industry. Is known as one of the best specialists in the Russian Federation researching indicator analysis. Sebastian Seliga Sebastian Seliga was born on 13th Oсtober 1978 in Poland. He graduated in 2005 with MA in Social Psychology. He has worked for leading financial companies in Poland where he actively traded on NYSE, AMEX and NASDAQ exchanges. Sebastian started Forex trading in 2009 and mastered Elliott Wave Principle approach to the markets by developing and implementing his own trading strategies of Forex analysis.  Since 2012, he has been writing analitical reviews based on EWP for blogs and for Forex websites and forums. He has developed several on-line projects devoted to Forex trading and investments. He is interested in slow cooking, stand-up comedy, guitar playing, reading and swimming. "Every battle is won before it is ever fought", Sun Tzu Maxim Magdalinin In 2005 graduated from the Academy of the Ministry of Internal Affairs of the Republic of Belarus, law faculty. Worked as a lawyer for three years in one of the biggest country's company. Besides the trading, he develops trading systems, writes articles and analytical reviews. Works at stock and commodity markets explorations. On Forex since 2006. Mourad El Keddani Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development). Languages: Arabic, English, French and Dutch. Interests: Algorithm, Graphics, Social work, Psychology and Philosophy. Irina Manzenko Irina Manzenko Mihail Makarov - Grigory Sokolov Born 1 January, 1986. In 2008 graduated from Kiev Institute of Business and Technology with "Finance and Credit" as a major. Since 2008 has studied the behavior of various currency pairs and their correlation on Forex. In his works and trading practice he uses candlestick analysis and Fibonacci technique. Since 2009 has written analytical reviews and articles which are published on popular Internet resources. Interests: music, computers and cookery. "Out of five deadly sins of business and as a rule, the most widespread, excessive striving to get profit is the worst". P. Drucker Alexandr Davidov No data Subscription's options management Theme's: Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets Author's : A Zotova, Aleksey Almazov, Alexander Dneprovskiy, Alexandr Davidov, Alexandros Yfantis, Andrey Shevchenko, Arief Makmur, Dean Leo, Evgeny Klimov, Fedor Pavlov, Grigory Sokolov, I Belozerov, Igor Kovalyov, Irina Manzenko, Ivan Aleksandrov, l Kolesnikova, Maxim Magdalinin, Mihail Makarov, Mohamed Samy, Mourad El Keddani, Oleg Khmelevskiy, Oscar Ton, Pavel Vlasov, Petar Jacimovic, R Agafonov, S Doronina, Sebastian Seliga, Sergey Belyaev, Sergey Mityukov, Stanislav Polyanskiy, T Strelkova, Torben Melsted, V Isakov, Viktor Vasilevsky, Vladislav Tukhmenev, Vyacheslav Ognev, Yuriy Zaycev, Zhizhko Nadezhda Edit data of subscription settings Unsubscribe from the mailing list Sincerely, Analysts Service If you have any questions, you can make a phone call using one of the InstaForex Toll free numbers right now: 1 866 8000 719 0 8000 51 88 99 0 800 898 548 1 800 882 528 001 803 017 910 0 800 500 329 822 140 799 8 800 080 5553 Other countries +7 (499) 7042343, +7 (812) 4580351 E-mail: support@instaforex.com InstaForex Group is an international brand providing online trading services to the clients all over the world. 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