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).

Friday, 20 January 2017 13:31

Canada Dec CPI 1.5% yoy vs 1.7% expected

Friday, 20 January 2017 09:22

USD/JPY Failed to End the Day Above 115.00

Today is a very significant day for the U.S. as the Donald Trump becomes the official new President of the country while the investors worry about the new President’s trade and currency policies. So, unless Donald Trump will affect the dollar negatively, we may see the greenback covering all its so far losses and end the month in the green.

The USD/JPY pair found a strong support on the 112.50 barrier and surged 1.8% on Wednesday and continued rising on Thursday, however, it pulled back for the day's high losing some of its intraday gains. Now, the pair is developing below the 115.00 strong psychological level. Technically, the technical indicators are holding within the negative territory, however, both are moving with some weak momentum. The RSI indicator lies slightly below the 50 level whilst the MACD oscillator is flattening below its zero and trigger lines.

USDJPYDaily200117.png

Friday, 20 January 2017 09:17

Bund_H7 Opened With a Bullish Gap Today

The Bund_H7 prices with delivery on March 2017 have lost some positions during the last few days. Nevertheless, today’s “gap up” opening, it may brings back some bullish bias, but we expect during the next few days that the price will attempt to test the bottom formed on January 19 and the levels around 162.60. We assume that the zone around 162.75 looks appropriate and contains smaller risk for taking new long positions with a target around 163.60.

A look towards the technical indicators shows that the price is below the 50, 100 and 200 SMA which is signaling for the possible decline. MACD is below zero line, but is rising and shows a possible buy signal from the previous trading session. Also, RSI is sloping upwards and is breaking over the 50 level – confirming signal for possible new long positions. Indicators seem to be in agreement with the bullish thought as both are moving above its mid-levels.

In the opposite scenario, the price declines below the support level at 162.45 will nullify the forecast for rising. A break below 162.25 may open the way for new sell-offs in the bund with initial target at 161.60.

Bund_H7H1.png

Friday, 20 January 2017 09:06

GBP/USD Rebounded on the 200-SMA (4H)

Sterling spent the entire Thursday’s trading session within a positive path versus the greenback following the bounce off the 1.2250 support barrier which overlaps with the descending trend line in the short-term timeframe. Currently, the price is trading within the 200 and 100 SMAs, so a penetration in either direction will drive the GBP/USD pair further up or down.

If the price surpasses the 200-SMA, it will retest the 1.2415 resistance barrier. Otherwise, if the pair slips below the 100-SMA and the strong support zone at 1.2230 – 1.2250, will expose the price at the 1.2120 obstacle. Technical indicators are moving sideways after the aggressive run to the upside on price. The MACD oscillator had a bullish crossover with its trigger line while the RSI indicator is moving within the bullish area but is pointing downwards.

GBPUSDH4200117.png

Friday, 20 January 2017 07:12

Germany December PPI mom +0.4% as expected

Friday, 20 January 2017 07:11

Nikkei 225 Closes Up +0.34% at 19,137.91

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

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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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