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Technical analysis for Gold for March 20, 2019

Alexandros Yfantis - 07:40 2019-03-20 UTC+00

Gold price tried to break above short-term resistance yesterday but instead it got rejected. Not only were the bulls unable to break resistance, price has broken through the short-term support

March 19, 2019: EUR/USD Intraday technical levels and trading recommendations

Mohamed Samy - 15:36 2019-03-19 UTC+00

Last week, the EUR/USD pair demonstrated a temporary bullish breakout above 1.1315 which was followed by a period of indecision/hesitation that brought the pair again within the depicted supply zone

March 19, 2019: GBP/USD Intraday technical levels and trading recommendations

Mohamed Samy - 15:01 2019-03-19 UTC+00

For the current bullish outlook to remain dominant, bullish persistence above 1.3250 ( 50% Fibonacci expansion level ) is mandatory for confirmation of the depicted Flag pattern Bullish projection targets

Technical analysis for EUR/USD for March 20, 2019

Alexandros Yfantis - 07:49 2019-03-20 UTC+00

EUR/USD has reached our target area but there is still no sign of a reversal. Our medium-term view remains bearish as long as price is below 1.14, but bulls could

Trading recommendations for the GBPUSD currency pair - placement of trading orders (March 20)

Gven Podolsky - 07:33 2019-03-20 UTC+00

For the last trading day, the currency pair Pound / Dollar showed a low volatility of 69 points. As a result, it remained within the previously formed range

Markets are stable in anticipation of the outcome of the Fed meeting

Kuvat Raharjo - 07:28 2019-03-20 UTC+00

TOM FOMC will present updated macroeconomic forecasts for the markets tonight and is expected to leave the target rate in the range of 2.25% -2.50% unchanged. The Fed has

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Technical analysis

AUD/CAD approaching support, potential bounce!

The AUD/CAD pair is approaching our first support at 0.9388 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing the price up to our major resistance at 0.9441 (horizontal overlap resistance, 61.8%.

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Technical analysis

AUD/USD approaching support, potential bounce!

The AUD/USD pair is approaching our first support at 0.7048 (horizontal overlap support, 61.8% Fibonacci retracement) where we might see a bounce to our major resistance at 0.7075 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also nearing support where we.

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Technical analysis

EUR/USD approaching resistance, potential drop!

The EUR/USD pair is approaching our first resistance at 1.1362 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 1.1318 (horizontal swing low support, 23.6%.

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Pattern Graphix

Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-03-20 Triple Bottom #MCD M15

The Triple Bottom pattern has formed on the chart of #MCD M15. Features of the pattern: The lower line of the pattern has coordinates 183.52 with the upper limit 183.52/183.27, the projection of the width is 96 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 182.56, the price is most likely to continue the upward movement.

2019-03-20 Triple Top AUDJPY M5

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 78.97/78.98 with the upper limit 79.06/79.09; the projection of the width is 9 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 78.97, the price is most likely to continue the downward movement.

2019-03-20 Bearish Rectangle AUDJPY M15

According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 78.97 – 78.97 and upper border 79.07 – 79.07. In case the upper border is broken, the instrument is likely to follow the upward trend.

2019-03-20 Head and Shoulders AUDCHF M5

According to the chart of M5, AUDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.7090 while the median line of the Neck is found at 0.7084/0.7083. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCHF will go towards 0.7068.

Economic Calendar

Wednesday, 20 March 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
11:30	Consumer Price Index	Feb	-0.8% m/m; 1.8% y/y	0.4% m/m; 1.8% y/y	0.5% m/m; 1.9% y/y	High
11:30	Consumer Price Index-Core	Feb	1.9%	1.9%	1.8%	Medium
11:30	Retail price index	Feb	-0.9% m/m; 2.5% y/y	0.7% m/m; 2.5% y/y	0.7% m/m; 2.5% y/y	Medium
11:30	PPI Input	Feb	-0.3% m/m; 2.6% y/y	0.6% m/m; 4.1% y/y	0.6% m/m; 3.7% y/y	Medium
16:30	Crude Oil Inventories	Mar	-3862K			Medium
20:00	FOMC Rate Decision	Mar	2.50%	2.50%		High
20:00	FOMC Statement					High
20:00	FOMC Economic Projections					High
20:30	FOMC Press Conference					High
23:45	GDP	4 quarter	0.3% q/q; 2.6% y/y	0.6% q/q; 2.5% y/y		High