Forex forecasts and market outlooks

High-quality Forex forecasts and financial market reviews from professional analysts are added daily!

Clients of the Tifia broker get exclusive access to high-quality materials from independent analytical agency Claws&Horns in their Client Cabinet: technical and fundamental market analysis, Forex economic event calendar, currency, stock, index and cryptocurrency forecasts, trading indicators signals and much more.

25.08.2019 - 19.08.2019

GBP/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.6230). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.6345).

EUR/NZD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.7380). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7455).

Core Retail Sales Index. Canada, 14:30 (GMT+2)

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. This is a key way to measure inflation in Canada. A higher than expected reading should be taken as positive/bullish for CAD, while a lower than expected reading should be taken as negative/bearish for CAD. The core index is expected to grow from −0.3% to −0.1%, and total sales will remain unchanged at −0.1%.

Cryptocurrency Market Review

At the beginning of this week, the cryptocurrency market made growth attempts but then began a downward correction. Currently, Bitcoin is trading at 10150.00 (–1.8%), Ethereum is at 190.00 (–2.3%), Ripple is at 0.2700 (–5.6%), and Bitcoin Cash is near 310.00 (–3.3%), and Litecoin is around 73.75 (–4.9%). The total market capitalization reached $281 billion but then decreased to $267 billion. Bitcoin's market share fluctuated around 69.0–68.5%.

Snap Inc. (SNAP/NYSE): general review

Snap Inc. shares show a correctional decline of 10.5% from the 52-week high of July 29. Over the past three months, the emitter's quotes grew by 44%. Previously, the company presented the third generation of Spectacles 3 smart glasses with significant revisions and a price almost two times higher than last year's version.

Starbucks Corp. (SBUX/NASD): general analysis

In the second half of August, the Starbucks stocks grew slightly and is currently trading at a 2.7% discount to the 52-week high of July 26th. Since the beginning of the year, the instrument has risen by 50% with the support of strong growth in comparable sales in the USA and China over the past two quarters, as well as initiatives to digitalize and expand the loyalty program. In addition, the company plans to increase its presence in China to 3,000 stores by the end of 2019.