JFD_Research

JFD_Research

We are now in one of the busiest periods for retailers, as consumers are in an active shopping spree, which could last for the whole month. Certainly, due to the pandemic, some shoppers are avoiding their usual visits to stores. However, online retailers and those traditional stores, which have the option to deliver to people’s homes, could see an increase in...

JFD_Research Updated 

Quick idea. USDRUB had broken two downside lines - a short-term one and a medium-term one. Now, the pair continues to drift further north. Certainly, at some we may get a bit of a correction, but for now, we will continue targeting the long-term downside resistance line taken from the highest point of December 2018. Please see the chart for details. Don't...

JFD_Research Updated 

Quick idea. GBP is best performing currency today, so far. But the second one in line is EUR, hence why we are not seeing a major acceleration to the upside. For now, it looks like the pair could drift further up, while balancing above its short-term upside support line. But we are not excluding a scenario of seeing a small correction first before another leg of...

JFD_Research Updated 

Quick idea. The technical picture suggests that there might be a bit more downside, where we could target the medium-term upside line. If it provides decent support, we could see the bulls jumping in again and pushing the index back up. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.

JFD_Research Updated 

Quick idea. Yesterday, after failing to stay above the 0.9763 territory, the pair shifted back down below the 200 EMA on the 4-hour chart. For now, we will remain neutral and wait for a break through one of our support or resistance levels. If the rate falls below the 0.9678 hurdle, this may clear the path to the lower side of a potential range. But if the 0.9763...

JFD_Research Updated 

Quick idea. AUDCAD is at its key support area, near the 0.8888 hurdle. We already saw a few false breakouts below that level, but we would like to see at leas a 4-hour close below it before examining a further directional move. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.

JFD_Research Updated 

Quick idea. If the short-term downside line holds and doesn't allow for the price to rise higher, this could result in another round of selling. But to get a bit more comfortable with the downside, a drop below the current lowest point of January would confirm a forthcoming lower low and more sellers could join in. Please see the chart for details. Don't forget...

JFD_Research Updated 

Quick idea. Silver sold off heavily yesterday, most likely because a rebound in the equities, so the safe-haven-interest had diminished. For now, everything is still on the edge. From the short-term perspective, silver could still drift a bit lower, especially if it struggles to move either above the 23.6% retracement on the Fibonacci, or above the 17.65 barrier....

JFD_Research Updated 

Quick idea. Given the current weakness in the indices, Nikkei 225 is also dragging along to the downside. The index is approaching its key area of support (highlighted), which if broken may confirm further declines. Such a move would confirm a forthcoming lower low and more sellers could see an opportunity to step in. Please see the chart for levels, targets...

JFD_Research Updated 

Quick idea. Last week, the Apple Inc common stock hit its all-time high near the 323.33 level. But yesterday, the stock opened with a large gap to the downside, which it failed to fill during its trading hours. In addition to that, the share price broke and closed a below a short-term upside line drawn from the lowest point of December. For now, the short-term...

JFD_Research Updated 

Quick idea. After popping above the downside resistance line, the crypto got held near the 9150 barrier, from which it retraced lower. that said, Bitcoin managed to stay above its 200-day EMA and is now knocking on the door of 9150 area gain. In order to target higher levels, we need a daily close above that area first. Please see the chart for details. Don't...

JFD_Research Updated 

Quick idea. The first step for the bears is done - the pair has broken the upside line. But what is really required, in order to get comfortable with further declines, is a drop below the highlighted support area. This way, GBPJPY would confirm a forthcoming lower low and more sellers could join in. Please see the chart for levels, targets and the alternative...

JFD_Research Updated 

Quick idea. Once again, DAX could be setting itself for a new all-time high. But, of course, it needs to overcome its current one, near the 13640 level. For now, it looks like the index is on the right track. We will only consider higher areas if we get a break above that level. If not, we will stay neutral. Please see the chart for levels, targets and the...

JFD_Research Updated 

Quick idea. Ethereum is trying to move below its key support. If it succeeds to push further down, this may lead the crypto to a test of the short-term upside support line. We will only target that area for now, because if it holds, this could be a good opportunity for the buyers to jump in again. Please see the chart for levels, targets and the alternative...

JFD_Research Updated 

Quick idea. After rebounding from the 200 EMA, USD/JPY is now trying to climb back up. That said, as long as the rate stays below the 109.70 barrier, we will class the current rebound as a temporary correction before another leg of selling. If the pair pushes through that barrier, then we may start consider larger extensions to the upside. Please see the chart...

JFD_Research Updated 

Quick idea. If the price stays above that short-term tentative upside line, this could help the bulls to stay in control for some time, especially if the crypto travels back above the 0.2417 barrier. Please see the chart for levels, targets and the alternative scenario. Don't forget your stop-loss.

JFD_Research Updated 

Quick idea. Today we have the ECB IR decision and a press conference after that. Keep your eyes on the highlighted areas. We need a break through one of them in order to consider a further directional move. That said, given the event, let's not exclude false breakouts as well. Please see the chart for levels. Don't forget your stop-loss.

JFD_Research Updated 

Quick idea. AUDUSD is stuck between the two lines. Although we are keeping a close eye on the medium-term upside support line, as it may continue providing decent support, still, we cannot talk about any upside even in the short run as long as the rate remains below a short-term downside line. We need a clear break of one of the highlighted areas first, before we...