| Forex forecast 01/21/2021 on AUD/USD, NZD/USD, USD/CAD and USD/JPY from Sebastian Seliga 2021-01-21 Busy day today on the financial markets, so let's take a look at the AUD/USD, NZD/USD, USD/CAD and USD/JPY technical picture at the daily time frame chart. Trading idea for EUR/USD 2021-01-21 The direction of EUR / USD will depend today on the outcome of the ECB meeting.  In fact, as seen on the daily chart (D1), euro bears have "debts", which is why the pair will be easily influenced by the upcoming news.  So, as a result, there are two possible scenarios for EUR / USD:  First is the formation of a third wave, which will begin from the initiative on January 18-20. The end-point of this will be the take-profit level during yesterday's US session, as well as the daily low. Meanwhile, the second scenario is a false breakout from the monthly low, where if there is a bullish initiative, it will be possible to open long positions at a more favorable price Of course, risks are needed to be monitored to avoid losing profit. Trading is very precarious, but also profitable if the approach used is correct. The strategy above uses Price Action and Stop Hunting methods. Good luck! Gold may return above the $1900 mark 2021-01-21 Renewed reflationary sentiment in financial markets has allowed gold to recover. US Treasury Secretary nominee Janet Yellen urged Congress to play big and endorse the $1.9 trillion fiscal stimulus project, and Joe Biden spoke of national unity during his inauguration, hinting that Republicans and Democrats must stand together in the face of a pandemic. As a result, the S&P 500 rewrote historical highs, the US dollar fell, and the bulls on XAU/USD launched a counterattack. The medium and long-term prospects for gold remain bullish, which attracts ETF and futures buyers. Even successes in the fight against COVID-19, the exit from lockdowns, and the recovery of the global economy are unlikely to force central banks to take the first step towards normalizing monetary policy. Everyone understands perfectly well that in the conditions of a mountain of debts that keep growing, low-interest rates are necessary. The surge in US Treasury yields at the start of January, which drowned gold, is seen as a temporary phenomenon. Yes, investors are dumping debt on expectations of an increase in issuance, but Treasury Inflation-Protected Securities (TIPS) continue to be popular, keeping their yields at record lows. As a result, the break-even rate rises - a measure of inflationary expectations. The precious metal is traditionally perceived as a hedging tool against inflation, so the resumption of the upward trend in XAU/USD seems to be a matter of time. The weak US dollar is an important driver of gold growth. Some doubt that the downward trend in the USD index will continue in 2021. This is because, first, after the change of power in the US, the dollar lost such a trump card as the uncertainty associated with Donald Trump's tweets. Second, large-scale incentives fuel risk appetite, which negatively affects safe-haven currencies. Finally, during the inauguration, Joe Biden did not want to complicate things with China, while improving relations between Washington and Beijing will help restore the global economy. Dynamics of gold and US dollar 
Problems for US dollar sellers can only be created by slow vaccination and (or) mutations of viruses that will postpone plans to exit the world's leading economies from lockdowns and return interest in reliable assets. In this situation, gold risks falling into a new wave of sales. In my opinion, criticism of the EU, where the speed of the vaccination campaign is poor (1.7% of the population vaccinated compared to 5% in the US), will force Brussels to act aggressively. As a result, EUR/USD will go up, the USD index - down, and the XAU/USD quotes can return above the 1900 mark. Technically, the daily gold chart still has a Wolfe Wave pattern. It testifies to the significant potential of the precious metal rally since the targets of the model are located near $1990 and $2060 per ounce. A signal for buying will be breakouts of dynamic resistances at $1880 and $1890. Gold, daily chart 
Overview of EUR/USD for January 21, 2021 2021-01-21 
EUR/USD The euro looks forward to positive results from the ECB and the US employment report. Buy from 1.2160 Sell from 1.2050 Exit to the top is more likely. Analysis of Gold for January 21,.2021 -First upside target at the price of $1.863 has been reached and potential for the test of $1.957 2021-01-21 UK PM Johnson: Too early to say when we'll be able to lift restrictions What we're seeing in the data is contagiousness of new virus variant The good news for the UK is that the case count is starting to abate in recent days, but the death count continues to pose a worry as hospitals are staying overwhelmed. Yesterday saw the UK post a record 1,820 deaths following 1,610 deaths in the previous day. Further Development 
Analyzing the current trading chart of Gold, I found that our first target from yesterday at the price of $1,863 has been reached and there is still room for the upside. Watch for buying opportunities on the pullbacks with the next major upside targets at $1,922 and $1,957. 1-Day relative strength performance Finviz 
Based on the graph above I found that on the top of the list we got Lumber and Lean Hogs today and on the bottom Natural Gas and Sugar. Key Levels: Resistance: $1,957 Support level: $1,861 EUR/USD analysis for January 21 2021 - Upside breakout of Mni Pitchfork channel and potentia for upside movement towards1.2220 2021-01-21 UK January CBI trends total orders -38 vs -35 expected Prior -25 - Trends selling prices 4
- Prior 0
The drop in the headline reading suggests that UK manufacturers are expecting a sharp fall in output amid concerns on the virus situation as well as Brexit-related issues that may negatively impact supply of components and materials moving forward. The expected nw orders component fell to -17 compared to the previous reading of 0 back in October, with business optimism slumping to -22 from 0 previously as well. Further Development 
Analyzing the current trading chart of EUR/USD, I found that EUR broke the mini Pitchfork downside channel, which is early warning for the upside continuation and higher price. Watch for buying opportunities on the pullbacks with the next major upside target at 1,2220. 1-Day relative strength performance Finviz 
Based on the graph above I found that on the top of the list we got Lumber and Lean Hogs today and on the bottom Natural Gas and Sugar. Key Levels: Resistance: 1,2158 and 1,2220 Support level: 1,2115
Author's today's articles: 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 Andrey Shevchenko  Andrey Shevchenko Igor Kovalyov  Igor Kovalyov was born on September 24, 1985. Igor graduated from Krasnoyarsk State University with a degree in Philology and Journalism. He has a wide experience as a newspaper and information agency correspondent. He got interested in financial markets in 2001. He also graduated from Moscow State University of Economics, Statistics, and Informatics (MESI) with a degree in Global Economics and then served as an analyst in an investment company. He has been working at InstaForex since 2014. Mihail Makarov  - Petar Jacimovic  Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
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:
|  | InstaForex Group is an international brand providing online trading services to the clients all over the world. InstaForex Group members include regulated companies in Europe, Russia and British Virgin Islands. This letter may contain personal information for access to your InstaForex trading account, so for the purpose of safety it is recommended to delete this data from the history. If you have received this letter by mistake, please contact InstaForex Customer Relations Department. |
No comments:
Post a Comment