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Filtrowane przez tagi:  Andrew's Pitchfork
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USD/JPY is ready to fall back.

Daily Charts
Min-Max(30): USD/JPY is forming the higher Min-Max values from April 2018 onward.
Price Channel: It is in upward sloping formation where USD/JPY is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where USD/JPY is getting support above the middle line.
Andrew's Pitchfork: It is in a downward sloping formation where USD/JPY has break out above the upper line.
Monthly Chart
Fibonacci Retracements: USD/JPY has started to r…
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AUD/USD is likely to rise higher.

Daily Charts
Min-Max(30): AUD/USD is forming the lower Min-Max values from February 2018 onward.
Price Channel: It is in downward sloping formation where AUD/USD is forming lower highs and lower lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where AUD/USD is finding resistance from the middle line.
Andrew's Pitchfork: It is in a downward sloping formation where AUD/USD is taking support above the middle line.
Monthly Chart
Fibonacci Retracements: AUD/USD has sta…
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AUD/JPY to move lower.

Daily Charts
Min-Max(30): AUD/JPY is forming the higher Min-Max values from May 2018 onward.
Price Channel: It is in upward sloping formation where AUD/JPY is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where AUD/JPY is finding resistance from the middle line.
Andrew's Pitchfork: It is in a downward sloping formation where AUD/JPY is approaching toward the middle line.
Monthly Chart
Fibonacci Retracements : AUD/JPY has started …
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A correction is likely in USD/CAD.

Daily Charts
Min-Max(30): USD/CAD is forming the higher Min-Max values from May 2018 onward.
Price Channel: It is in upward sloping formation where USD/CAD is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where USD/CAD is approaching the upper line.
Andrew's Pitchfork: It is in a upward sloping formation where USD/CAD is finding support on the lower line.
Monthly Chart
Fibonacci Retracements: USD/CAD has started to rise again aft…
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Vaibhav27 avatar

The Bank of Canada raised it's interest rate by 25 bps to 1.5%, on July 11th 2018. It is the second increase this year pushing the key overnight rate to it's highest level since 2008 as uptick in inflation and strong economic data continues to underpin the bullish view on Canadian economy. If looked closely, domestic spending is being affected by rising interest rates and tighter mortgage lending guidelines. However, on export front the global demand remains strong and commodity prices are higher which is aiding the business investment.

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The consumer price inflation in Canada touched the six year high of 2.5 % (YoY) in June 2018. Higher prices for gasoline and food purchases from restaurants have been cited as the major driving factors behind the rise of CPI. Rise in transportation prices along with sustained increases in cost of food ,shelter; recreation, education and reading; clothing and footwear; health and personal care ; and alcoholic beverages and tobacco products is being reflected in higher inflation levels. However, there was some respite from price rise in household operations, furnishings and equipment.

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The unemployment rate in Canada rose to 6.0 percent in June 2018 from 5.8 percent in the previous month of May. A significant rise in labor force by nearly 76 thousand while the economy added only 31.8 thousand jobs resulted in the rise in unemployment rate. Employment increased in Ontario, Saskatchewan, and Manitoba whereas not much change was seen in the other provinces. Goods producing industries, mainly in construction, natural resources and manufacturing remain providers of jobs. Meanwhile, employment fell at some of the service producing industries.

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GBP/JPY to move downwards.

Daily Chart
Min-Max(30): GBP/JPY is forming the lower Min-Max values from May 2018 onward.
Price Channel: It is in downward sloping formation where GBP/JPY is forming lower highs and lower lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where GBP/JPY is finding support on the lower line.
Andrew's Pitchfork: It is in a slightly downward sloping formation where GBP/JPY is finding support on the lower line.
Monthly Chart
Fibonacci Retracements: GBP/JPY has started t…
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Vaibhav27 avatar

The Nikkei Manufacturing PMI of Japan was at 53.0 in June 2018. Output and employment have increased at comparately faster rates in June as optimism surrounding the output growth over the coming 12 months remains strong. In contrast, new orders moderated to register the lowest pace of growth in last ten months. Increased costs for oil and metals has pushed the input price inflation to a three-and-a-half year high.

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GBP/USD is likely to remain in bearish mode.

Daily Chart
Min-Max(30): GBP/USD is forming the lower Min-Max values from May 2018 onward.
Price Channel: It is in downward sloping formation where GBP/USD is forming lower highs and lower lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in expansion phase where GBP/USD is finding support on the lower line.
Andrew's Pitchfork: It is in a upward sloping formation where GBP/USD has broken below the lower line.
Monthly Chart
Fibonacci Retracements: GBP/USD has started to fall back after …
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EUR/USD might rise again.

Daily Chart
Min-Max(30): EUR/USD is forming the lower Min-Max values from March 2018 onward .
Price Channel: It is in downward sloping formation where EUR/USD is forming lower highs and lower lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in expansion phase where EUR/USD is finding support on the lower line.
Andrew's Pitchfork: It is in an almost horizontal formation signifying that EUR/USD is consolidating within a range.
Monthly Chart
Fibonacci Retracements: EUR/USD is consolidati…
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CAD/JPY is likely to consolidate.

Daily Chart
Min-Max(30): CAD/JPY was forming the higher Min-Max values from April 2018 onward, However a new min value has been marked this month.
Price Channel: It is in a upward sloping formation where CAD/JPY is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where CAD/JPY is finding resistance from the middle line.
Andrew's Pitchfork: It is in a downward sloping formation where CAD/JPY has taken support from the middle line and…
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Vaibhav27 avatar

The Nikkei Manufacturing PMI of Japan was at 53.0 in June 2018. Output and employment have increased at comparately faster rates in June as optimism surrounding the output growth over the coming 12 months remains strong. In contrast, new orders moderated to register the lowest pace of growth in last ten months. Increased costs for oil and metals has pushed the input price inflation to a three-and-a-half year high.

Vaibhav27 avatar

The Bank of Canada raised it's interest rate by 25 bps to 1.5%, on July 11th 2018. It is the second increase this year pushing the key over night rate to it's highest level since 2008 as uptick in inflation and strong economic data continues to underpin the bullish view on Canadian economy. If looked closely, domestic spending is being affected by rising interest rates and tighter mortgage lending guidelines. However, on export front the global demand remains strong and commodity prices are higher which is aiding the business investment.

Vaibhav27 avatar

The consumer price inflation in Canada touched the six year high of 2.5 % (YoY) in June 2018. Higher prices for gasoline and food purchases from restaurants have been cited as the major driving factors behind the rise of CPI. Rise in transportation prices along with sustained increases in cost of food ,shelter; recreation, education and reading; clothing and footwear; health and personal care ; and alcoholic beverages and tobacco products is being reflected in higher inflation levels. However, there was some respite from price rise in household operations, furnishings and equipment.

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EUR/JPY is likely to rise.

Daily Chart
Min-Max(30): EUR/JPY is forming the lower Min-Max values from February 2018 onward.
Price Channel: It is in downward sloping formation where EUR/JPY is forming lower highs and lower lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in expansion phase where EUR/JPY is finding support on the lower line.
Andrew's Pitchfork: It is in a upward sloping formation where EUR/JPY has broken below the lower line.
Monthly Chart
Fibonacci Retracements: EUR/JPY is consolidating around th…
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Vaibhav27 avatar

The Nikkei Manufacturing PMI of Japan was at 53.0 in June 2018. Output and employment have increased at comparately faster rates in June as optimism surrounding the output growth over the coming 12 months remains strong. In contrast, new orders moderated to register the lowest pace of growth in last ten months. Increased costs for oil and metals has pushed the input price inflation to a three-and-a-half year high.

Vaibhav27 avatar


The business climate indicator for the Euro Area has gone into moderation zone after touching the decade highs in the January of this year. It declined by 0.09 points to 1.29 in July 2018 from 1.38 in the prior month of June. It has effectively taken it to lowest levels since August last year, as manager's outlook of their overall and export order books worsened markedly, along with lower production expectations. We are even witnessing the watering down of outlook regarding the clearance of inventories of finished goods.

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USD/CHF is likely to move lower.

Daily Chart
Min-Max(30): USD/CHF is forming the higher Min-Max values from March 2018 onward.
Andrew's Pitchfork: It is in a upward sloping formation where USD/CHF has broken above the upper line.
Weekly Chart
Fibonacci Retracements: USD/CHF has started to fall back after reaching the previous swing high of 1.004 . I am expecting it to retrace to 38.20 % Fibonacci retracement of it's rise from 0.92 levels in February 2018 to 1.00 levels touched in May 2018.
Standard Deviation: It is in downward …
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Vaibhav27 avatar

The University of Michigan's consumer sentiment for the US rose to 99.3 in June 2018 compared to 98 in previous month of May. It's highest of last three months. Consumers are optimistic in assessments of their current financial situation and view current buying conditions for household durable as favorable. However, future expectations have declined to the lowest level of this year due to less favorable prospects for the overall economy. On the Inflation front, people's expectations for the year ahead rose to 2.9% compared to 2.8% in May while the 5-year outlook for inflation edged up to 2.6%.

Vaibhav27 avatar

New home sales of single-family units in the US rose 6.7% (MoM) to 689 thousand in May of 2018. It is the highest monthly growth rate since November 2017. The average selling price of new houses sold was USD 313000, which is lower compared to USD 323600 in the May 2017. Sales rose briskly in the South, reaching highest since July of 2007. However, sales in the Midwest were flat and declines were recorded in West and the Northeast.

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