Comparic

Comparic Aug 9, 2017

On the H4 chart of EURJPY, we can see that as a result of last week’s decline, the market yesterday hit the bottom of the upward channel. Currently the course is in the vicinity of local support, and if there is a greater bullish response in this area, we expect to see at least a growth correction. However, if this level is overcome, then we could expect...

Comparic Aug 2, 2017

Yesterday's 'almost doji' candle gave us a little bit of hope, that bearish market on USDJPY is going to pause for a while. Waiting for an occasion to go long, 110.60/40 area was pretty interesting. But weak dollar didn't make it and it's close enough to say that we're getting a pinbar on daily chart of USDJPY. Stronger sellof which occured on pair this...

Comparic Aug 2, 2017

NZDJPY is heading down for 4 days consecutive. Yet, the pair is now right above strong support zone. It seems that NZDJPY is building a triangle formation on a daily chart, which might be both a formation of continuation or reversal. Longterm trend is still bullish and current price action encourages for going speculatively long. Tomorrow we will have a cleaner...

Comparic Aug 1, 2017

On the Brent oil chart you can now expect a test of significant resistance at 53.00. This level has previously been equivalent to the 50.00 level with the WTI. A successful breakout of 53.00 will allow growth to further resistance: 54.00, 57.50.

Comparic Aug 1, 2017

After breaking resistance at 50.00 Crude WTI price can now return to the broken level or directly move towards next resistance at 51.50. Another resistances are located at the levels: 53.70, 55.00. The nearest support is at 50.00.

Comparic Jul 27, 2017

AUD/JPY is recently one of the most dynamically moving pairs. The price is growing really fast since the beginning of June, almost without any major corrections. Some declines happened only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a classic re-test of the previously defeated level....

Comparic Jul 25, 2017

EURCAD is heading down with almost no major breaks since beginning of June. H4 chart shows that descending channel is well-respected during this period. Currently there is a rebound from the upper edge and local resistance. From this perspective it seems that there are no obstacles for further declines.

Comparic Jul 25, 2017

GOLD market has been smoothly moving up for a long time. As a result of these gains, price reached area of significant resistance where yesterday first bearish reaction occurred. After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As a result, in near future, we would expect...

Comparic Jul 24, 2017

The AUDJPY bounced from 89.00 resistance area last week, closed lower at 87.92. Prior to this turn down from resistance, the pair has been appreciating for more than one year from 72.42 on June 2016. As you can see on weekly chart below, we have a bearish pin bar formation after rejection to move above 89.00. We also know that the last time price rejected to move...

Comparic Jul 24, 2017

AUDUSD has been moving in consolidation since last Tuesday. As a result of growth lasting since Friday we are again in the area of its upper limit, where today occurred bearish reaction. Another rejection of this resistance could open the way to declines. Looking at daily chart, we can see that potential falls could reach even level around 0.7760, which in the...

Comparic Jul 20, 2017

Looking on H4 chart, we will note that AUDNZD since the end of May moved in a consolidation, from which it broke out through the higher band. After a short-term correction, there was re-test of the upper limit of the box, where strong bearish response happened exactly a week ago. Since then we have seen almost continuous growth which pushed AUDNZD to 1.0808,...

Comparic Jul 20, 2017

EUR/JPY – situation on H4 chart indicates a wider ascending trend. Currently price is rebounding from local support, trying to return to the trend after a correction. It seems that like recently also now reflection from support can lead to at least several candles of growth. In this context, consider long position.

Comparic Jul 13, 2017

As a result of lasting since mid-June gains USDJPY reached the high from May, where supply reaction took place on Tuesday. Yesterday we also saw advantage of bears and it would seem that declines in near future will continue. Therefore, in both short and long term, you should consider PUT option on this instrument.

Comparic Jul 13, 2017

CADCHF has been decreasing since November 2011. For almost two years, and more precisely since “Black Thursday,” when due to drastic and unexpected collapse of the market caused by the decision of the Swiss National Bank to abandon the rigid EUR/CHF exchange rate at 1.20, pair broke key support at 0.7850 and since then moves in consolidation. Take a look how...

Comparic Jul 12, 2017

The EURUSD closed bullish yesterday rising to a new 14-month high. It was seen comfortably closing above 1.1450, with price action currently testing the highs near 1.1477. On the H4 chart, the EURUSD is seen breaking past the previous resistance established at 1.1445 level. This resistance could be briefly tested for support in the near term. As long as the...

Comparic Jul 12, 2017

As a result of yesterday’s dynamic depreication NZDUSD broke local support at 0.7255, where the price was for few days. Note that sinceyesterday evening we observed a calm upward correction and support (now resistance) coincides with the 38.2% Fibo correction. Its re-test and rejection could be a signal for declines. In short term, we can consider opening short...

Comparic Jul 11, 2017

GBP/CHF looks really interesting on D1 chart. Since October last year, we have a weak but regular bullish trend indicated mostly by higher and higher lows. There is currently an attempt to initiate a larger bullish movement after reflection from local support. The upswings began when losses reached similar range as the previous supply wave. Attempts to break...

Comparic Jul 11, 2017

Yesterday’s break of support level in $225 area, then the June low at $218 and in the end psychological support of $200 were just a start of Ethereum falls. Today ETH/USD lost 15% of value which brought attention of all cryptocurrency traders. There is a reason for that. Ethereum is second most popular cryptocurrency in the world, just after more popular Bitcoin....