Melina DELTAS

Junior Market Analyst, JFD Brokers

Melina joined JFD Brokers in 2016 as a Junior Market Analyst in the JFD Research team. She has a unique ability to communicate market truths - like technical and chart pattern set ups - in a simple way, to improve comprehension and application for the newer trader. Her technically focused strategy looks mainly at price action across multiple time frames to catch those big moves that develop throughout the year. She majored in Pure Mathematics at Lancaster University and has a Master's Degree in Monetary and Financial Economics from the University of Cyprus. Currently specialising in forex, indices and commodities, she is an associate member of the Society of Technical Analysts (STA) and a Certified Financial Technician (CFTe).

Thursday, 19 January 2017 14:06

U.S. Initial Jobless Claims 234k vs 254k exp

Thursday, 19 January 2017 09:44

Man Group Stock is On the Way For Fibo 50.0%

EMG.LM30190117.png

Thursday, 19 January 2017 08:45

EUR/USD Awaits ECB Meeting Today

The European Central Bank has a monetary policy announcement today and yesterday we saw the dollar finally to gain back some of its strength on the back of some good economic data. The U.S. dollar drove the EUR/USD pair lower and failed to impress, as it failed to hit the 1.0800 resistance level. Currently, the single currency is developing near the 1.0640 level and the next immediate support is at 1.0580. If the market breaks the primary support level then, the price will go for the 1.0500 strong psychological barrier. Technical indicators are in contrast with the bearish thought so, a rebound on the aforementioned psychological level is possible. Additionally, a break above the 1.0720 resistance barrier, will open the way for the 1.0800 handle. The MACD oscillator is moving higher within the positive territory while the RSI indicator is pointing upwards.

EURUSDDaily190117.png

 

Thursday, 19 January 2017 08:42

WTI is Falling Towards the $51.47 Level

WTI crude oil dropped on Wednesday more than 2.5% following the rebound on the $54.30 resistance level. The aggressive sell-off will move the oil towards the $51.47 support barrier but it needs to go through the 50-daily SMA which behaves as a good support. Momentum has turned negative as the MACD indicator is headed lower and is holding slightly above the zero line at the moment. In the next few sessions, we are waiting for the indicator to slip below its mid-level. The Relative Strength Index (RSI) entered the bearish territory while the Stochastic oscillator is falling and is approaching the oversold area.

WTICrudeDaily190117.png

Thursday, 19 January 2017 08:37

USD/JPY Closed Positive After 8 Days

The U.S. dollar headed sharply higher against the Japanese yen over yesterday’s session as the release of the economic indicators acted as drivers for the currency. So, unless Donald Trump will affect the dollar tomorrow, we may see the end to a month of losses in the greenback. The USD/JPY pair found a strong support on the 112.50 barrier and surged 1.8% on Wednesday but failed to challenge our suggested target at 115.00 (see technical analysis here: http://bit.ly/2iU1FrI).

Technically, the pair has a strong obstacle to the upside, the 50-daily SMA, however, if it surpasses the latter level will be exposed towards the previous 11-month high at 118.65. On the other hand, if the price rebounds on the aforementioned obstacle, it would open the way for the 113.70 support level. MACD is moving south with some weak momentum while RSI is flattening slightly below the 50 level.

USDJPYDaily190117.png

Thursday, 19 January 2017 08:34

USD/CAD Edged Sharply Higher - Rose 1.7%

One of the worst performing currency yesterday was the Canadian dollar, which plunged after the Bank of Canada’s monetary policy announcement. It was a key day for the direction of the USD/CAD pair as it surged more than 1.7% after an aggressive movement to the downside in the previous trading sessions. The pair failed to meet the 1.3300 critical resistance psychological level, however, it may reach it today. The 50 and 100 daily SMAs seem to be strong obstacles of the price and we may see a pullback on that level. Otherwise, if the market helps the price to keep moving to the upside, the next level to watch is the 1.3400 handle. Technical indicators moved higher while the RSI indicator stuck slightly below the 50 level whilst the MACD oscillator surpassed above its trigger line.

USDCADDaily190117.png

Thursday, 19 January 2017 08:00

Nikkei 225 Closes Up +0.94% at 19,072.25

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Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. JFD Brokers offers trading on margin. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. JFD Brokers assumes no liability for errors, inaccuracies, or omissions of the herein presented material. JFD Brokers does not guarantee the accuracy or completeness of the information, text, graphics, links or other information contained in this document.Seek independent advice if necessary and review our Risk Disclosure and Privacy Disclosure before opening an account. Copyright © 2012 JFD Brokers Ltd.
 
JFD Brokers Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd. is registered with the German Federal Financial Supervisory Authority - BaFin (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013) and is MiFID compliant under the Investment Services and Regulated Market Law of 2007 (Law number: 144(I)/2007). JFD Brokers Ltd. is licenced to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients) and Portfolio Management in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Brokers Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments.
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