Only charts

Euro has been trading in a range for long while now. it is facing strong resistance at 1.1480$ , However , it is also well supported above the red trend-line shown below. Buy an dip for the euro next week . with NFP data scheduled for next Friday. I assume , we might have a continued rally for the pair towards 1.17$. A break below 1.1350$ will prove this trade to be invalid.

Below is my technical analysis for Gold (xau/usd) on dec. 24 ,2018: Gold rallied more than 50$ during the last month of trading. The precious metal is currently trading at 1267$ which is 50% retracment fibonnnaci area (the fall from 1350$ to 1160$). This area might provide bears good reason to short Gold at current area (1267$)with target around 1235$ area. Also , on RSI indicator , gold (xau/usd) is approaching over bought levels. Feel free to share your ideas regarding gold in medium and short term period.

Here is the currencies forecast for 2019 from nordea bank :

Euro fell 100 pips , so is sterling and gold tumbled 10$ to trade currently at 1234$ . brexit news are putting alot of pressure on all currencies against the dollar. Keep selling the euro , sell it anywhere between 1.13$ to 1.1320$ with target 1.1120$ There is a big chance we will have a second EU referendum on brexit.

German foreign minister Maas says on twitter: 1. we must do everything to avoid a hard brexit 2.leaving the European union means leaving the union , no Cherry picking . 3.draft brexit treaty is fair basis for orderly departure of britain from EU. Eur/Usd is currently trading at 1.1380$ area after finding support at 1.1330$ , Also Gbp/Usd rallied from 1.2478$ to 1.2670$ area on back of Theresa may victory last night, the pair is currently trading at 1.2660$ and has tough resistance at 1.2720$ However , Theresa may will not last long . Maybe we will not have brexit at all .

Theresa May will take the leadership challenge today between 16:00 and 18:00 GMT. News of no  confidence vote surfaced today by bbc. Last period has been tough on her and British people as well , who are now confused and not sure about their future in European bloc. Theresay May postponed the vote on brexit deal last Monday and she went to Brussels for more negotiations which was rejected by Donald tusk and Angela Merkel. Gbp/Usd is currently trading at 1.2540$ after falling to 1.2478$ last night. The pair is under alot of pressure with all of this brexit news flow. Next resistance for the pair lies at 1.2580$ , followed by 1.2640 then 1.2720$ . on the downside 1.2510$ will provide support  for the pair followed by 1.2480$ , yesterdays low.

As advised in an earlier post , usdjpy rallied from 112.60¥ and currently testing 113.50¥ which is around 78% fibconnaci retracment level A short position can be opened at current level with target 112.80¥ and stoploss on any 1h candle close above 113.50¥ . A break above 113.50¥ will send the pair to 114.60¥ area. RSI indicator is currently sitting at 70 mark .  There is no much of economic data today , key event will be CPI inflation data to be released at 13:30 GMT.

Merkel, said after meeting british prime minister , theresa may , that there will be no more negotiations regarding brexit deal. That priece of news was enough to send both euro and sterling down more than 50 pips each. Eur/usd fell from 1.1370$ area to 1.1320$ and Gbp/usd fell from 1.2615$ to 1.2550$ area. Both are now sitting on critical support area which I think may hold strong . Eur/usd has been trading in a range for more than 2 weeks now from 1.1320$ to 1.1420$ , so a rising trendline and low of the range will provide support for the euro recovery . if failed to hold , there will mounting pressure on euro which will send the pair to 1.1120$ . while on the upside , 1.1360$ will be first resistance area for any rally followed by 1.1420$ . 

Bitcoin is currently trading at 3300$ after falling to a low of 3190$ . it is recommended to open long positions from here with take profit at 3950$ and 4150$ . stop loss if bitcoin closes 1h candle below 3300$ . I still believe bitcoin is not a popped bubble.

Unemployment data came as expected which shows there is no damaging effect  from brexit and sterling rallied almost 40 pips to 1.2640$ completing the recovery from yesterday's low at 1.2503$ . However the rally stalled at previous strong support , now a strong resistance, 1.2640$ area. The pair is expected to retrace from here to below 1.26$ again. If we break above 1.2660$ , we might reach as far as 1.2720$ You may risk going long from 1.2560$ area with stoploss on 1h candle close below 1.2540$ . Brexit news will remain the main catalyst for sterling moves and market volatility .

austria's bluemel says deal on the table is the best possible solution, not a good idea to re-start negotiations . Todays key event is the unemployment report; as of now, the unemployment rate in the uk stands at 4.1 percent and median estimate suggests it is likely to remain same. gbpusd is currently trading around 1.26$ , next resistance lies at 1.2640$ followed by 1.2670$ while support lies at 1.2540-60$ . Theresa may postponed the vote of parliament on brexit deals she had with brussels and donald tusk stated that this deal or no deal , looks like there will be no more negotiations and we are very close to no deal or may be canceling brexit at all which only needs decision from the uk without getting back to european union. Personally , I expect there will ve no confidence vote soon or theresa may will resign first.

Sterling falls more than 100 pips on the news of theresa may heading back to Brussels for the brexit deal.  Sterling was trading at 1.2725$ before the news and now trading at 1.2610$ , a level not seen since June 2017.  Next support for cable lies at 1.2560$ while resistance lies at 1.2640$  Volatility surges ahead of the vote on brexit deal. Take care and you better avoid trading any GBP pairs today

Eur/usd is trying to break above 1.1425$ area , bound by the strong bearish trendline , a break and close above the trendline will clear the way for testing .11520$ area followed by 1.1670$ if cleared..on the downside , euro is strongly supported near 1.13$ mark. Euro is currently trading at 1.1425$ with low at 1.1389$ , high at 1.1445$ .  Make sure not use excess leverage and buy any dip for the pair to 1.1330$

The chart says that we have a rising trendline . usdjpy still finds support near the trendline and it is also area of horizontal support for the pair. Long positions can be opened with stoploss on 4hour candle close below the rising trend line and take profit around 113.30¥. A break below the trend line will open the way for a test of 109.70¥ where it will find some support on the daily chart.

European central bank (ECB) is expected to raise deposit rates in Q3 2019 but that has faded now. It is also expected to raise refinancing rates in Q1 2020 , previously was at Q4 2019. Euro is currently trading at 1.1420$ with low at 1.1389$ and high at 1.1440$ .

Here is an early look for currencies prices before the asian monday session. Aud gapping down affected by chinese news from the weekend.

 Bears have been dominant on eur/usd since mid October , , However , there is a new bullish trendline is in formation since mid November after finding the low at 1.1210$. Those who have been trading euro for the last 3 years , will definitely recall that famous resistance and support area in early 1.12$ and it has proven its reliability once again. Euro rallied on friday after Non farm payroll report which missed the forecasts while unemployment cam flat at 3.7% , However , the bearish trendline stood still against this rally and euro gave back those pips to fall again to 1.1390$ from 1.1425$ . Euro may find support again at 1.1330$ area where it may meet the red bullish trendline . On the upside , breaking the bearish trendline will open space for retesting 1.1520$ again. I recommend going long again from 1.1375$ area .

Euro is still trading in range between 1.1330$ and 1.1410$ areas, the pair rallied to 1.1410$ after Non farm payroll came less than forecast figures, unemployment data came flat. Euro still trading in range , sell the high and buy the low of the range and your stop loss should be 20 pips plus. however , Main direction for the euro is bullish and expected to visit 1.17$ in medium term.

Odds of a hike at the December meeting are creeping lower (just 16 bps now priced into the Dec. 18-19 meeting OIS) * The outlook for 2019 is turning dovish with just an additional 36 bps (around 1.5 hikes total) priced into December 2019 FOMC where the hike path hits a peak * Almost 10 bps of cuts and now priced into the first half of 2020, quite a turnaround

Etherum tumbled last hour to 93$ and finished the hour higher at 103$  The smart contracts platform has alot of dapps running on , I am still bullish on etherum at current levels and I see a recovery till 600$ on the long term. In short term , it will face some resistance around 170$ .

fed's williams: further wage growth should raise overall u.s. inflation a bit above 2 pct target fed's williams: wage growth pretty consistent with productivity growth and low, stable inflation fed's williams: 'at some point in time' it will be less obvious that fed needs to raise rates

GBP/USD rallied to 1.2840 and reversed sharply to trade now at 1.2720$ . Brexit vote in the house of commons will be on 11 dec. And it will be terribly volatile afterwards. Check out the diagram below to find out the possible scenarios from the brexit vote on dec. 11 , anyway before then I am sure sterling will visit 1.25$

Etherum is currently trading at 112$ . it has been trading in a very narrow range for the last week. Between 107$ and 117$ , a break below any will start a new minor trend. If you are willing to take a 1:1 risk/reward trade , you can sell at current level 112$ , with tp around 104$ and stop loss on a break above 117$ .

Qatar has been a member of the OPEC organization since 1961 and it just announced it will be leaving OPEC next month. Simply means lower supply for oil , simply means an increase in oil's price. Also in different news , Canada lowered supply. All these news contribute to much higher oil prices. Crude oil seen in short term at 56-57$ , it is currently trading at 53$ with last week close at 50.50$ .

gold , the precious recovered sharply from 1212$ area to trade currently at 1228$ , as recommended earlier , I advised buying xau/usd at 1218$ for target 1226$ . Now it is breaking a bearish trendline and is probably heading smoothly towards 1233$ . It is recommended to buy any dip  in gold and hold until it reaches 1250$ area.

What was the news for such a rally? Crude oil opened on a gap from 50.50$ to 52.50$ then rallied another 100 pips to trade currently at 53.5$ area. The pair faces some resistance here? Any gap should be closed. Will the rally continue to 56.8$ ? What is the correlation between audusd and wti? Follow me to find answers for these questions and more throughout the day on my twitter account : @b4borio

Eurusd will open on a gap at 1.1360$ , closed on friday at 1.1318$ Audusd will open at 0.7375$ , gbpusd at 1.2778$ All up against dollar on the weekend news between trade war cease between united states and china.