USDCHF D1 06 22 2020 0932

The USD/CHF pair might continue to fall in the medium term, according to our daily and weekly analysis. The price stays below EMA 20, EMA 50, and EMA 100, on the daily chart. The RSI indicator stays below 50, and the Stochastic oscillator may soon be negative on the daily chart. According to the weekly chart, the RSI indicator stays below 50, and the price remains below EMA 20, EMA 50, and EMA 100. The price moves into a downtrend line range.

The most important data from this week:
June 24
US GDP QoQ (-5% expectation); (+2.1% previous)
June 26
US Core Price Index YoY (+0.9% expectation); (+1% previous)
US Michigan Consumer Sentiment (June) (79 expectation); (72 previous)

USDCHF W1 06 22 2020 0930

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JPN225 D1 05 18 2020 0932

The Nikkei 225 Index might fall in the medium term, based on our technical and fundamental analysis. The MACD stays positive on the daily chart but soon will become negative. The Stochastic oscillator is down, and the price is below EMA 100.
According to the weekly chart, the price is below EMA 20, EMA 50, and EMA 100, on the weekly chart. The Stochastic oscillator is moving in a downward trend.

The most important data from this week:
May 18
Japan GDP QoQ (-1.5% expectation); (-4.8% previous)
YoY(-4.6% expectation); (-7.3% previous)
May 21
Japan Trade Balance (-560 bln expectation); (-4.9 bln previous)
May 22
Japan CPI YoY (-0.1% expectation); (0.4% previous)

JPN225 W1 05 18 2020 0934

USOil D1 06 15 2020 1417

The US Crude Oil price might fall in the near term. The price will go below EMA 50 and EMA 100 on the daily chart. The MACD is already into negative territory on the daily chart. According to the weekly chart, the stochastic oscillator started the retracement. The price stays below EMA 20, EMA 50, and EMA 100 on the weekly chart.
Adding pressure to prices, the U.S. Federal Reserve said U.S. unemployment was set to reach 9.3% at the end of 2020. It would take years to fall back, while interest rates were expected to stay near zero at least through 2021.

The most important data from this week:
June 17
US Crude Oil stocks change -2.279 ml previous
distillate change -1.568 ml previous
imports change +1.04 ml previous 

USOil W1 06 15 2020 1424

SPX500 D1 05 11 2020 1009

The MACD indicator is positive, but soon will become negative on the daily chart, according to our technical analysis. The price stays above EMA 20, EMA 50, and EMA 100 on the daily chart. According to the weekly chart, the stochastic oscillator is at the top, and a geometric shape has already formed.

The most important data from this week:
May 12
US CPI YoY (1.7% expectation); ( 2.1% previous)
MoM (-0.2% expectation); (-0.1% previous)
Monthly Budget Statement
May 13
FED Chairman Powell Testimony

SPX500 W1 05 11 2020 1007

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EURGBP D1 06 08 2020 0931

The EUR/GBP pair might fall in the near term, based on our technical and fundamental analysis. The RSI indicator may soon fall below 50 on the daily chart. Moreover, a falling MACD indicates a downward price trend on the daily chart. The price is already below EMA 100 on the daily chart, and it may fall below EMA 20 and EMA 50. According to the weekly chart, the Stochastic oscillator indicates a retracement to falling mode.

The most important data of this week:
June 10
Eurozone GDP QoQ (-3.8% expectation); (0.1% previous)
YoY (-3.2% expectation); (1% previous)
June 12
UK GDP QoQ (-10% expectation); (-2% previous)
YoY (-22% expectation); (-5.7% previous)
France inflation YoY (0.2% expectation); (0.3% previous)
Spain inflation YoY (-0.9% expectation); ( -0.7% previous)

EURGBP W1 06 08 2020 0929

 

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EURAUD D1 05 04 2020 1020

The price is already above EMA 20 and EMA50 on the daily chart. The MACD indicator turns positive, and this helps validate the strength of a medium-term uptrend. The Stochastic oscillator has already reached the bottom, according to the weekly chart. The price also stays above EMA 20, EMA 50, and EMA 100 on the weekly chart.

The most important data from this week:
April 5
RBA rate decision 0.25% expectation (0.25% previous)
April 7
ECB Annual report
April 8
RBA Statement on Monetary Policy

EURAUD W1 05 04 2020 1021

 

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AUDUSD D1 06 01 2020 1050

The AUD/USD pair might fall, according to the daily and weekly charts. The RSI oscillator is near the overbought level, at 68. The price is already above EMA 20 and EMA 50 on the weekly chart. The Stochastic indicator is near the overbought level on the weekly chart, but the price stays below EMA 100.

The most important data from this week:
June 2
RBA rate decision (0.25% expectation); ( 0.25% previous)
June 3
Australia GDP YoY (1.4% expectation); ( 2.2% previous)
QoQ (-0.3% expectation); (0.5% previous)
US ADP Employment Change (-900k expectation); (-20236k previous)
June 5
US NFP (-8250K expectation); (-20500K previous)
US Unemployment Rate (19.7% expectation); (14.7% previous) 

AUDUSD W1 06 01 2020 1053

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EURUSD D1 04 27 2020 0909

The EUR/USD currency pair might fall in the near term, based on our technical and fundamental analysis. The price has already reached EMA 20, EMA 50, and EMA 100, on the daily chart. The MACD is still into negative territory. The price is also below EMA 20, EMA 50, and EMA 100 on the weekly chart, and the RSI is still below 50. The Stochastic oscillator indicates a downtrend in progress.

The most important data from this week:
April 29
Germany CPI YoY (0.7% expectation); (1.4% previous)
US GDP QoQ (-4.0% expectation); (+1.8% previous)
FOMC rate decision (0.00% expectation); (0.00% previous)
FED Chairman Powell press conference
April 30
Germany unemployment change (77k expectation); (1k previous)
rate (5.2% expectation); (5.0% previous)
Eurozone CPI YoY (0.7% previous); (1.0% previous)
Italy GDP YoY (-5.2% expectation); (1.0% previous)
ECB rate decision (-0.5% expectation); (-0.5% previous)
ECB President Lagarde’s press conference

EURUSD W1 04 27 2020 0910

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EURCAD D1 05 25 2020 1006

 

The beginning of an uptrend is expected for the EUR/CAD pair. The MACD is positive, and the price stays above EMA 100, on the daily chart. The price remains into a range, between 50% Fibo and 61% Fibo.
The weekly chart also confirms the uptrend. The stochastic oscillator shows a retracement. The price on the weekly charts is already above EMA 20, EMA 50, and EMA 100.

The most important data of this week:

May 27
BOC Governor Poloz speech
May 28
Eurozone Economic Sentiment (70.6 expectation); ( 67 previous)
Germany Inflation Rate YoY (0.6% expectation); (0.9% previous)
MoM (-0.1% expectation); ( 0.4% previous)
May 29
France Inflation Rate YoY (0.3% expectation); ( 0.4% previous)
MoM (0.1% expectation); ( 0.00% previous)
France GDP QoQ (-5.8% expectation); (-0.1% previous)
Austria GDP QoQ (-2.5% expectation); ( 1.0% previous
Italy GDP QoQ (-4.7% expectation); (-0.3% previous)
Eurozone Inflation Rate YoY (0.8% expectation); (0.9% previous)
Canada GDP YoY (-10.% expectation); (+0.3% previous)
MoM (-9% expectation); (0.00% previous)

EURCAD W1 05 25 2020 1006

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GBPJPY D1 04 20 2020 1030

The GBP/JPY pair might fall in the near term, according to the daily and weekly charts. The MACD is still positive, but it will become slowly negative. The next leg of the Stochastic oscillator will be down. The price is below EMA 20, EMA 50, and EMA 100, both on daily and weekly charts. The next leg of the Stochastic oscillator will be also down, on the weekly chart.

April 21
UK Employment Change 3M (+100k expectation); (+184k previous)
Rate 3M (3.9% expectation); (3.9% previous)
April 22
UK CPI YoY (1.5% expectation); (1.7% previous)
April 24
Japan National CPI YoY (0.4% expectation); (0.4% previous)

GBPJPY W1 04 20 2020 1030

 

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