Stanislav_Bernukhov_Exness

Stanislav_Bernukhov_Exness

EURGBP continues to stay under pressure, inspite of a chart formation being built near current price levels. Euro displays weakness against most of other major currencies including Pound Sterling. So, if the price slides down to the border of the shown widening formation, it's possible to observe a continuation of downtrend with a target built by the measured...

Stanislav_Bernukhov_Exness

The Canadian dollar might display weakness against the Japanese Yen. Yields of 30-year bonds of Canada were pushed higher after the stronger than expected inflation print in October, and the situation has been temporarily bullish for CADJPY, but Yen remains to stay either a safe haven amid geopoliitcal uncertainty and a higher yield currency at the same...

Stanislav_Bernukhov_Exness

BTCUSD became overheated after the strong rally after the US elections. As shown in the chart, it can't sustain breakouts beyond a consolidation area, which points to a potential weakness and may open an opportunity for a short position. Shorts must be carefully crafted at intraday peaks, and monitored closely, as crypto markets are famous for furious bullish...

Stanislav_Bernukhov_Exness

Gold plummeted after the US elections, removing the geopolitical premium from the price. However, uncertainty hasn't gone away, and it might continue moving in the direction of the trend. Yesterday's planned decline of the interest rate and the supporting speech of Jerome Powell points to a neutral sentiment of the FED toward the monetary policy as the economic...

Stanislav_Bernukhov_Exness

Copper is consolidating at the support zone, preparing for the upswing. November-December are the best seasonal months for this commodity according to the 15-year seasonal historical studies. Metals group is being pushed higher amid the "soft landing" narrative starting to evolve in the markets. Precious metals are already on the move, Copper might be next. Today...

Stanislav_Bernukhov_Exness

After a strong earnings and revenue surprise, the stock of Morgan Stanley is on fire, having broken the long-term trading range and accelerating for more than 3 values of ATRs (average volatility levels) from the dynamic support. Usually, that's an indication of a strong price discovery and can lead to a further extension of the price in the direction of a...

Stanislav_Bernukhov_Exness

The Canadian dollar continues to weaken against the US dollar amid reevaluating the FED's monetary policy expectations. Given the strong price discovery on USDCAD (it had jumped off the dynamic support of 20 and 50 moving averages for more than 3 daily volatility values), it may continue going up, after it completes the consolidation as shown in the chart. Should...

Stanislav_Bernukhov_Exness

After a massive inflow of liquidity and initial breakout, Chinese stock market may recover from weekly lows, as the price indicates a solid reversal from the bottom and a breakout of a trendline of a correctional formation as shown in the chart. Overall sentiment in stock markets remains positive with the S&P500 and Nasdaq keeping around historical highs, and the...

Stanislav_Bernukhov_Exness

GBPJPY displays a technical weakness, consolidating in the coil (a low-volatile trading range) above the dynamic support area. The recent strength of the British pound might be temporary. At the same time, the Japanese yen is strategically supported by the hawkish monetary policy of BOJ and ongoing inflation in Japan (which had reached 3% in August). From the...

Stanislav_Bernukhov_Exness

Gold is retracing off the dynamic support area on the daily chart and is now moving within the second day of recovery. Despite the strengthening US dollar, Gold seems to be keeping the momentum, but, it probably, won't do that for too long. However, we can still consider opening a long trade for 2-3 days if the price would retest the lower band of Bollinger...

Stanislav_Bernukhov_Exness

Natural gas had corrected during the first part of the week. Commodity markets still remain stay in play amid geopolitical escalation in the Middle East and declining stockpiles: for example, we observe a consistent decline of Natural Gas in Henry Hub for several weeks in a row. From a technical standpoint, Natural gas had bounced back from the intermediate-term...

Stanislav_Bernukhov_Exness

Energy markets are on the move: volume in the largest oil ETF of the United States (USO) rose to a new peak in 2022. CME Group took a similar action for WTI Crude oil futures. The situation was fueled by geopolitical escalation in the Middle East. Natural gas has developed a strong momentum, getting back to $3, and if it holds this level, it will complete the...

Stanislav_Bernukhov_Exness

Gold is in a price discovery market regime, which means a possibly fast continuation of a trend. It is consolidating below the trendline of consolidation and may try to break it to the upside as shown on the chart. Geopolitical factors and dovish monetary policy are the main drivers behind gold price action today. The situation in the Middle East increased the...

Stanislav_Bernukhov_Exness

ETHUSD may be reversing at the bottom of the correctional move before starting the next leg in the direction of the uptrend. Sentiment remains soft in relation to speculative assets, including ETH and BTC Ether had displayed better momentum that Bitcoin so far, so it may accelerate moving up with $3100 as a potential price target (200-day moving...

Stanislav_Bernukhov_Exness

Euro is declining against the British Pound: the technical structure points to an increased probability of downtrend, as two trading ranges (one intraday, and one consisting of several days) were broken simultaneously. Fundamentally, the British pound gains strength after BOE had left the interest rate unchanged, pushing pound sterling against other currencies,...

Stanislav_Bernukhov_Exness

The Japanese yen is the main beneficiary of the cyclical dovish expectations. The interest rate for the US may go down after today's FED's decision, the main question is - how deep, 0.25 or 0.5 basis points. Though, Japanese monetary policy is unlikely to soften in the nearest future, and would probably stay strong. CADJPY consolidates at the structurally...

Stanislav_Bernukhov_Exness

Bitcoin is trying to climb higher and break the resistance area at $58000. The conviction between buyers is not very obvious, as STHs (short-term holders) are under water and risk appetite is modest for Bitcoin. However, there are certain bullish factors affecting BTC price: Miners' revenue fall, which might decrease the supply in the market Bitcoin holds well...

Stanislav_Bernukhov_Exness

Crude oil might get back into the trading range, as the possibility of a false breakout is pretty high: markets rarely make big moves ahead of NFP report. Now, the position of the price is below the massive triangular formation as well as below the intermediate-term low. Oil is driven down, as well as DXY, by expectations of extreme dovishness of the Fed, which...