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Offline xtreamforex  
#71 Đã gửi : 01/04/2019 lúc 04:52:54(UTC)
xtreamforex


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Technical Overview of EUR/USD,

USD/CAD and GBP/USD Currency Pairs


Eur usd


The EUR traded higher against the USD and closed at 1.1218.

 

The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

 

The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

 

According to the Analysis, The pair is expected to find support at 1.12030, and a fall through could take it to the next support level of 1.11883. The pair is expected to find its first resistance at 1.12392, and a rise through could take it to the next resistance level of 1.12607.

 

Previous Day range was 36.2 and Current Day Range is 13.3.

 USD CAD


The USD traded higher against the CAD and closed at 1.3352.

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).

The pair is expected to find support at 1.33149, and a fall through could take it to the next support level of 1.32777. The pair is expected to find its first resistance at 1.34157, and a rise through could take it to the next resistance level of 1.34793.

USD CAD previous Day range was 100.8 and Current Day Range is 15.2.

 

GBP USD


The GBP traded higher against USD and closed at 1.3027.

The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

According to the analysis, pair is expected to find support at 1.29584, and a fall through could take it to the next support level of 1.28898. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.32014.

GBP USD previous day range was 155.8 and current day range is 31.2. 

Víit:- https://xtreamforex.com/academy/technical-overview-of-eur-usd-usd-cad-and-gbp-usd-currency-pairs-2/

Offline xtreamforex  
#72 Đã gửi : 03/04/2019 lúc 03:40:57(UTC)
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Weekly Forecast of Crude Oil (USOil.x)

Oil ignores the bearish API inventory report released day before yesterday and hit five-month highs a few minutes before press time. 

OPEC's output hit a four-year low in March. The Energy Information Administration is expected to show the US oil inventories dropped last week. 

US crude oil inventories unexpectedly rose by 3 million barrels last week, the American Petroleum Institute said on Tuesday. Oil prices, however, have shrugged off the bearish inventory report, and continue to cheer the OPEC-led supply cuts.

According to the analysis, USOil.x pair is expected to find support at 61.91, and a fall through could take it to the next support level of 61.21. The pair is expected to find its first resistance at 63.02, and a rise through could take it to the next resistance level of 63.43.

USOil.x previous day range was 11100 and current day range is 4300.

The Energy Information Administration (EIA) data due later today is expected to show the US crude inventories dropped 100,000 barrels last week. A bigger drawdown could end up pushing WTI higher to $63.59 (resistance of the June 2018 low as per the weekly chart).

Víit Ú: -  https://xtreamforex.com/academy/weekly-forecast-of-crude-oil-usoil-x/

 

Offline xtreamforex  
#73 Đã gửi : 05/04/2019 lúc 03:59:47(UTC)
xtreamforex


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Technical Overview of EUR/USD,

NZD/USD and GBP/USD Currency Pairs


Eur usd

The EUR traded higher against the USD and closed at 1.122.

Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

The indicator growth can have a positive effect on dollar quotes. According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

 Previous Day range was 41.2 and Current Day Range is 11.6.

NZD USD


The NZD traded higher against the USD and closed at 0.6752.

The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

GBP USD


The GBP traded higher against USD and closed at 1.3071.

According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

 GBP USD previous day range was 130.3 and current day range is 23.5.

See: -  https://xtreamforex.com/academy/technical-overview-of-eur-usd-nzd-usd-and-gbp-usd-currency-pairs-2/

Offline xtreamforex  
#74 Đã gửi : 08/04/2019 lúc 02:06:39(UTC)
xtreamforex


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Technical Overview of USD/JPY,

EUR/USD and AUD/USD Currency Pairs


USD JPY

The USD traded lower against the JPY and closed at 111.709.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

According to the Analysis, The pair is expected to find support at 111.594, and a fall through could take it to the next support level of 111.479. The pair is expected to find its first resistance at 111.820, and a rise through could take it to the next resistance level of 111.931.

Previous Day range was 2260 and Current Day Range is 3820.

EUR USD

The EUR traded higher against the USD and closed at 1.1216.

The pair is expected to find support at 1.12035, and a fall through could take it to the next support level of 1.11908. The pair is expected to find its first resistance at 1.12355, and a rise through could take it to the next resistance level of 1.12548.

EUR USD previous Day range was 32 and Current Day Range is 21.3.

AUD USD

The AUD traded lower against USD and closed at 0.7106.

According to the analysis, pair is expected to find support at 0.70880, and a fall through could take it to the next support level of 0.70704. The pair is expected to find its first resistance at 0.71274, and a rise through could take it to the next resistance level of 0.71492.

AUD USD previous day range was 39.4 and current day range is 21.1.

See: -  https://xtreamforex.com/academy/technical-overview-of-usd-jpy-eur-usd-and-aud-usd-currency-pairs/

Offline xtreamforex  
#75 Đã gửi : 10/04/2019 lúc 03:49:30(UTC)
xtreamforex


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Technical Overview of GBP/USD,

NZD/USD and AUD/CAD Currency Pairs


GBP USD


The GBP traded higher against the USD and closed at 1.3048.

The European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. This meeting involves the Heads of State and Government of European Union member states.

The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

According to the Analysis, The pair is expected to find support at 1.30122, and a fall through could take it to the next support level of 1.29763. The pair is expected to find its first resistance at 1.31008, and a rise through could take it to the next resistance level of 1.31535.

Previous Day range was 88.6 and Current Day Range is 19.2.

NZD USD

The NZD traded higher against the USD and closed at 0.674.

The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 0.67315, and a fall through could take it to the next support level of 0.67232. The pair is expected to find its first resistance at 0.67531, and a rise through could take it to the next resistance level of 0.67664.

NZD USD previous Day range was 21.6 and Current Day Range is 14.6.

AUD USD

The AUD traded higher against USD and closed at 0.7121.

FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

According to the analysis, pair is expected to find support at 0.71092, and a fall through could take it to the next support level of 0.70973. The pair is expected to find its first resistance at 0.71425, and a rise through could take it to the next resistance level of 0.71639.

AUD USD previous day range was 33.3 and current day range is 33.1. 

See: -  https://xtreamforex.com/academy/technical-overview-of-gbp-usd-nzd-usd-and-aud-usd-currency-pairs/

Offline xtreamforex  
#76 Đã gửi : 15/04/2019 lúc 02:05:32(UTC)
xtreamforex


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Technical Overview of EUR/USD,

GBP/USD and AUD/USD Currency Pairs


EUR USD


The EUR traded higher against the USD and closed at 1.1298.

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

According to the Analysis, The pair is expected to find support at 1.12584, and a fall through could take it to the next support level of 1.12189. The pair is expected to find its first resistance at 1.13304, and a rise through could take it to the next resistance level of 1.13629.

Previous Day range was 72 and Current Day Range is 15.

GBP USD


The GBP traded higher against the USD and closed at 1.3071.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The pair is expected to find support at 1.30368, and a fall through could take it to the next support level of 1.30023. The pair is expected to find its first resistance at 1.31180, and a rise through could take it to the next resistance level of 1.31647.

GBP USD previous Day range was 81.2 and Current Day Range is 32.2.

AUD USD

The AUD traded higher against USD and closed at 0.7171.

The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

According to the analysis, pair is expected to find support at 0.71273, and a fall through could take it to the next support level of 0.70835. The pair is expected to find its first resistance at 0.72035, and a rise through could take it to the next resistance level of 0.72359.

AUD USD previous day range was 76.2 and current day range is 15.9.

Offline xtreamforex  
#77 Đã gửi : 16/04/2019 lúc 02:22:53(UTC)
xtreamforex


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Cyprus

Technical Overview of NZD/USD,

USD/JPY and USD/CHF Currency Pairs


NZD USD


The NZD traded lower against the USD and closed at 0.6762.

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

According to the Analysis, The pair is expected to find support at 0.67471, and a fall through could take it to the next support level of 0.67326. The pair is expected to find its first resistance at 0.67794, and a rise through could take it to the next resistance level of 0.67972.

Previous Day range was 32.3 and Current Day Range is 27.5.

USD JPY


The USD traded lower against the JPY and closed at 112.033.

Eric Rosengren has been President and CEO of the Federal Reserve Bank of Boston since July 2007. Previously he headed the Bank’s supervision, regulation, and credit group, and was active in domestic and international regulatory policy.

Tertiary Industry Index released by the Ministry of Economy, Trade and Industry indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare. As the Japanese economy relies upon its exports, this event is expected to generate low volatility for the JPY. Generally, a high reading is positive (or bullish) for the JPY, while a low reading is negative (or bearish).

The pair is expected to find support at 111.918, and a fall through could take it to the next support level of 111.803. The pair is expected to find its first resistance at 112.120, and a rise through could take it to the next resistance level of 112.207.

USD JPY previous Day range was 2020 and Current Day Range is 1520.

USD CHF

The USD traded lower against CHF and closed at 1.0039.

According to the analysis, pair is expected to find support at 1.00169, and a fall through could take it to the next support level of 0.99944. The pair is expected to find its first resistance at 1.00539, and a rise through could take it to the next resistance level of 1.00684.

USD CHF previous day range was 37 and current day range is 14.3.

https://xtreamforex.com/academy/technical-overview-of-nzd-usd-usd-jpy-and-usd-chf-currency-pairs/

 

 

Offline ngunguoi  
#78 Đã gửi : 22/04/2019 lúc 02:31:26(UTC)
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mù tịt

Offline noidau  
#79 Đã gửi : 22/04/2019 lúc 02:31:45(UTC)
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ai dịch vài chữ đi

Offline xtreamforex  
#80 Đã gửi : 22/04/2019 lúc 02:21:56(UTC)
xtreamforex


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Technical Overview of USD/CAD,

GBP/USD and USD/JPY Currency Pairs


USD CAD

The USD traded lower against the CAD and closed at 1.335.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

Previous Day range was 56.7 and Current Day Range is 44.2.

GBP USD

The GBP traded higher against the USD and closed at 1.3043.

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

USD JPY

The USD traded lower against JPY and closed at 112.012.

James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

USD JPY previous day range was 1950 and current day range is 2410.

Offline xtreamforex  
#81 Đã gửi : 25/04/2019 lúc 03:51:32(UTC)
xtreamforex


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Technical Overview of CHF/JPY,

USD/CHF and EUR/USD Currency Pairs


CHF JPY


The CHF traded lower against the JPY and closed at 109.923.

 

CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).

 

According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.

 

Previous Day range was 5350 and Current Day Range is 3170.


USD CHF


The USD traded higher against the CHF and closed at 1.0200.

 

The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend. 

 

The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.

 

USD CHF previous Day range was 50.7 and Current Day Range is 16.5.

 

Eur usd


The EUR traded higher against USD and closed at 1.1154.

 

The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.

 

According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.

 

EUR USD previous day range was 85.3 and current day range is 15.5.

 

 

Offline xtreamforex  
#82 Đã gửi : 26/04/2019 lúc 02:54:09(UTC)
xtreamforex


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Technical Overview of USD/CAD, USD/CHF, EUR/GBP and USD/JPY Currency Pairs

USD CAD

The USD traded lower against the CAD and closed at 1.3485.

The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Bullish Climax at the Resistance Level. Keep in mind that Pair had also completed Bullish AB=CD Pattern.

According to the Analysis, The pair is expected to find support at 1.34719, and a fall through could take it to the next support level of 1.34591. The pair is expected to find its first resistance at 1.35070, and a rise through could take it to the next resistance level of 1.35293.

Previous Day range was 35.1 and Current Day Range is 18.2.

USD CHF

The USD traded lower against the CHF and closed at 1.0202.

The pair stalls at the Quarter Pivot and Monthly Pivot. It’s in a Mother bar In side bar Formation

The daily Moving Average presents a Bullish Momentum( after the resistances are broken)

Or else there shall be a successful close below the daily Moving Average to go further down.

The pair is expected to find support at 1.01873, and a fall through could take it to the next support level of 1.01728. The pair is expected to find its first resistance at 1.02219, and a rise through could take it to the next resistance level of 1.02420.

 

USD CHF previous Day range was 34.6 and Current Day Range is 9.9.

EUR GBP

The EUR traded higher against GBP and closed at 0.8628.

The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Double Top,

Iy closed below the D1 Moving Average. As we know the weakness in EURO is present so, this pair can follow the Classic Double Top Pattern.

According to the analysis, pair is expected to find support at 0.86182, and a fall through could take it to the next support level of 0.86080. The pair is expected to find its first resistance at 0.86462, and a rise through could take it to the next resistance level of 0.86640.

EUR GBP previous day range was 28 and current day range is 8.9.

USD JPY

The USD traded higher against JPY and closed at 111.603.

The pair stalls at the Quarter Pivot and Monthly Pivot. It’s in a range now. But pair started to move. Best option is to wait for pivot breakouts...

According to the analysis, pair is expected to find support at 111.235, and a fall through could take it to the next support level of 110.866. The pair is expected to find its first resistance at 112.105, and a rise through could take it to the next resistance level of 112.606.

USD JPY previous day range was 8700 and current day range is 3360.

https://xtreamforex.com/academy/technical-overview-of-usd-cad-usd-chf-eur-gbp-and-usd-jpy-currency-pairs/

 

Offline xtreamforex  
#83 Đã gửi : 30/04/2019 lúc 02:12:52(UTC)
xtreamforex


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Technical Overview of USD/JPY,

GBP/USD and GBP/CHF Currency Pairs


USD JPY


The USD traded lower against the JPY and closed at 111.641.

USDJPY formed series of HH and HL then now over night it made LL

A series of H & LL is start of a new downtrend
The Support from D1 trend line has also broken and has been tested also

Scenario 1:   In order to Go Bullish it needs to Break the Yearly Resistance 112.075
Scenario 2:  In order to be bearish it needs to push through the Quarterly 111.49

According to the Analysis, The pair is expected to find support at 111.488, and a fall through could take it to the next support level of 111.334. The pair is expected to find its first resistance at 111.846, and a rise through could take it to the next resistance level of 112.050.

Previous Day range was 3580 and Current Day Range is 1340.

GBP USD


The GBP traded higher against the USD and closed at 1.2932. 
GBPUSD RESPECTING the resistance from D1 resistance trend line.

Now the pair stalls on the Quarterly Pivots Level

As it can be seen that the pair made a series of LH and LL so a down trend is expected. 
Alternatively a bullish trend may start after the Daily Trend Line Resistance is broken...

The pair is expected to find support at 1.29087, and a fall through could take it to the next support level of 1.28858. The pair is expected to find its first resistance at 1.29506, and a rise through could take it to the next resistance level of 1.29696.

GBP USD previous Day range was 41.9 and Current Day Range is 23.4.

GBP CHF


The GBP traded higher against CHF and closed at 1.3186. 
GBPCHF broke the daily support trend line.


The pair stalls @ Quarterly and yearly Pivot As marked. If the pair breaks the 127 extension then it may bre bullish or else in the alternate scenario if the price breaks the low of Daily support then a DOUBLE TOP may have to form.

According to the analysis, pair is expected to find support at 1.31600, and a fall through could take it to the next support level of 1.31346. The pair is expected to find its first resistance at 1.32064, and a rise through could take it to the next resistance level of 1.32274.

 

GBP CHF previous day range was 46.4 and current day range is 23.2.

https://xtreamforex.com/academy/technical-overview-of-usd-jpy-gbp-usd-and-gbp-chf-currency-pairs/

Offline xtreamforex  
#84 Đã gửi : 02/05/2019 lúc 03:29:06(UTC)
xtreamforex


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Technical Overview of EUR/CHF,

NZD/USD and GBP/CHF Currency Pairs


EUR CHF


The EUR traded higher against the CHF and closed at 1.1392.

 

1- Mother bar @ Middle Quarter Resistance 2
2-The top is the 786 Level retracement
3- The D1 Trend line has also broken. Indicating a Bearish Movement

Scenario 1:  If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Middle Quarter Resistance 1.

Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top. 

 

According to the Analysis, The pair is expected to find support at 1.13750, and a fall through could take it to the next support level of 1.13577. The pair is expected to find its first resistance at 1.14244, and a rise through could take it to the next resistance level of 1.14565.

 

Previous Day range was 49.4 and Current Day Range is 23.9.


NZD USD


The NZD traded higher against the USD and closed at 0.662.

 

1- H4 Mother bar @MSup1Q1
2-The 61% Level retracement

Scenario 1:  If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Msup1Y1 & Msup1Q1

Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top. 

 

The pair is expected to find support at 0.65978, and a fall through could take it to the next support level of 0.65754. The pair is expected to find its first resistance at 0.66608, and a rise through could take it to the next resistance level of 0.67014.

 

NZD USD previous Day range was 63 and Current Day Range is 27.5.

 

GBP CHF


The GBP traded higher against CHF and closed at 1.3278.

 

1- An Effort candle followed by climax candle.
2- Formed candles @ the  previous month resistance 
3- Followed by no demand no supply
4- Followed by vpoc with  low volume

Scenario1: If the pair  retraces to the no demand no supply area with low volume then we may see a downward movement.
Scenario 2: If we see a bullish breakout then we will need further conformations to go long.

 

According to the analysis, pair is expected to find support at 1.32556, and a fall through could take it to the next support level of 1.32332. The pair is expected to find its first resistance at 1.33018, and a rise through could take it to the next resistance level of 1.33256.

 

GBP CHF previous day range was 46.2 and current day range is 50.1.

https://xtreamforex.com/academy/technical-overview-of-eur-chf-nzd-usd-and-gbp-chf-currency-pairs/

 

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#85 Đã gửi : 06/05/2019 lúc 02:46:08(UTC)
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Technical Overview of GBP / JPY and AUD / NZD Currency Pairs


GBP JPY


GBP is traded higher for JPY and closed at 146,344.

 

GBPJPY @ a very strong resistance 

Reasons

1- The Long Blue candle Rep represents Climax candle (indicating that smart money is interested in selling).

2- Abcd formed @ 127Extension. 

3- 127 level in confluence with trendline of Pivot Candles.

4- Price approaching the Middle Resistance 1 of 1st Quarter.

5- RSI H4 & D1 Already in Over Bought level.

6- High of Previous Daily & Weekly Candle also Broken.

So Scenarios

If we see A Low Volume Test (hai vòng lặp tự động sau theo một chữ hoa khác với số Low, có thể làm việc làm việc selling).

If we break above the 161 Level with 2 bullish candles followed by 1 bullish low volume candle sewing resume uptrend.

 

Theo vào chế độ xác thực, pair được mong đợi tìm thấy hỗ trợ ở 145.254, và một thu nhỏ qua có thể lấy nó để hỗ trợ kế tiếp của 144.164. Những việc Pair là mong đợi tìm thấy resistance đầu tiên của nó của 146.951, và một tiếp tục để thể lấy nó theo tiếp đối số hiện thời của 147.558.

 

GBP JPY Previous Day range was 16970 and Current Day Range is 9510.


AUD NZD

https://s4.aconvert.com/...68-cdx67/cbeft-ry2fk.jpg" alt="" width="1365" height="628" />
Người dùng giá trị cao cao cho sự NZD và đóng tại 1.0572.

 

The Paired Form 
1 - Mother's Bar in the Bar @ The Quarterly Resistance, Resistance and Monthly Pivot Levels. It's in a range cho ngay.
2- 55 and 21 Period Moving average has a slope downward.
3- Pair has made a series of LH and LL and the Trendline from CANDLES PIVOT has been formed.

Scenarios

1- A break below the Low of Mother bar may continue the trend.
Or
2- A break above the Mother bar High may have a change in bias towards the up side.

Những việc Pair là mong đợi tìm thấy hỗ trợ ở 1.05557, và một thu nhỏ qua có thể lấy nó để hỗ trợ tiếp tục của 1.05396. Những việc Pair là mong đợi tìm thấy resistance đầu tiên của nó 1,05833, và một tiếp tục để có thể lấy nó theo tiếp đối với cấp của 1.05948.

 

AUD NZD previous Day range was 27.6 and Current Day Range is 32.4.

https://xtreamforex.com/academy/technical-overview-of-gbp-jpy-and-aud-nzd-currency-pairs/

 

Sửa bởi người viết 06/05/2019 lúc 02:46:56(UTC)  | Lý do: Chưa rõ

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#86 Đã gửi : 09/05/2019 lúc 03:59:20(UTC)
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Technical Overview of AUD/CHF and EUR/AUD Currency Pair


AUD CHF


The AUD traded lower against the CHF and closed at 0.7128.

 

It’s an interesting pair; let’s see what it has for us today. The same Directions apply to almost all of the AUD pairs.

1-It formed A daily Motherboard Inside bar
2- It’s in confluence with Yearly Pivots
3- It’s in confluence with Quarter Pivots
4- It’s in confluence with Month Pivots
5- The Pair has been making a series of LL and LH.
6- The Pivotal Trend line has broken to the upside.
7- The Trendline has been Tested

Scenario 1-If we get a break above the 0.7160 -0.7175 Zone of  Year/Quarter & Month Pivot then we may Expect to move UP
Scenario 2- If we break the lows of Mother bar Inside bar then we may go Down

 

According to the Analysis, The pair is expected to find support at 0.71082, and a fall through could take it to the next support level of 0.70884. The pair is expected to find its first resistance at 0.71540, and a rise through could take it to the next resistance level of 0.71800.

 

AUD CHF Previous Day range was 45.8 and Current Day Range is 26.7.

 

EUR AUD


The EUR traded higher against the AUD and closed at 1.6011.

 

Pair has formed

1 - It formed a daily Mother bar Inside bar.
2 - It’s in confluence with Yearly Pivots.
3 - It’s in confluence with Quarter Pivots.
4 - Range of Quarter and Year Pivots.

5 - The Pair has been making a series of HH and HL.

6 - Break Above or below the 127 Extension may lead pair to the short term trend.

 

According to the Analysis, The pair is expected to find support at 1.59644, and a fall through could take it to the next support level of 1.59184. The pair is expected to find its first resistance at 1.60376, and a rise through could take it to the next resistance level of 1.60648.

 

EUR AUD Previous Day range was 73.2 and Current Day Range is 62.

https://xtreamforex.com/academy/technical-overview-of-aud-chf-currency-pair/

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#87 Đã gửi : 13/05/2019 lúc 02:10:24(UTC)
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Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair


EUR NZD


The EUR traded higher against the NZD and closed at 1.7028.

The pair formed a Motherbar Insidebar

The pair is stalling @ yearly Pivots

The yearly Pivots is same as Previous Quarter Pivot

The pair is stalling @ Resistance Quarter

The Pair is forming Series of HH and HL

 

Scenario

1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend

2- A break below MResQ1 may lead the pair downward

 

According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.

EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.

GBP CHF


The GBP traded higher against the CHF and closed at 1.315.

 The pair formed a Motherbar Insidebar. 

The pair is stalling @ Res1 yearly Pivots.

The pair is stalling @ Resistance1 Quarter.

The Pair is forming Series of HH and HL.

Scenario

1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.

2- A break above MResQ1 may lead the pair UP.                     

According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.

GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.

NZD CAD

The NZD traded lower against the CAD and closed at 0.8853.

The pair formed a Motherbar Insidebar. 

The pair is stalling @ Res1 yearly Pivots.

The pair is stalling @ support 1 Quarter. 

The Pair is forming Series of LH and LL.

Scenario

1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.

2- A break above high of Motherbar then may lead the pair UP.

According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.

https://xtreamforex.com/academy/technical-overview-of-eur-nzd-gbp-chf-and-nzd-cad-currency-pair/

 

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#88 Đã gửi : 17/05/2019 lúc 02:29:35(UTC)
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Technical Overview of EUR/JPY and EUR/NZD Currency Pair


EUR JPY

The EUR traded lower against the JPY and closed at 122.724.

1 - Formed a Motherbar Inside bar @ D1.
2 – Broke the Quarterly Pivot to the down side.
3 - Making a series of LH and LL.

4 - Main Trend Down.

Break above 127 Extension may form a Bullish Momentum.

Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 122.518, and a fall through could take it to the next support level of 122.311. The pair is expected to find its first resistance at 122.944, and a rise through could take it to the next resistance level of 123.163.

EUR JPY Previous Day range was 4260 and Current Day Range is 5250.

EUR NZD

The EUR traded higher against the NZD and closed at 1.7093.

1 - Formed a Motherbar Inside bar @ D1.
2 - Stalls at the Yearly Pivot.
3 - Making a series of HH and HL.

Break above 127 Extension may form a Bullish Momentum

Break below 127 Extension may form a Bearish Momentum

According to the Analysis, The pair is expected to find support at 1.70420, and a fall through could take it to the next support level of 1.69906. The pair is expected to find its first resistance at 1.71337, and a rise through could take it to the next resistance level of 1.71740.

EUR NZD Previous Day range was 91.7 and Current Day Range is 33.6.

Fundamental Events over Night

1 - The dollar held near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields.
2 - Pound falls below $1.28 as pressure builds on May to go.

3 - The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday.

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#89 Đã gửi : 20/05/2019 lúc 03:20:12(UTC)
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Technical Overview of CHF/JPY and EUR/AUD Currency Pair


CHF JPY

The CHF traded higher against the JPY and closed at 108.824.

The followed the following actions.

1 - It broke he Monthly support upwards
2 - It broke the Quarterly support upwards
3 - Formed A Resistance Trend Line and broke it to the upside
4 - The Daily 9 ema is to the upside
5 - If the pair breaks the Up 127 extension then we may see an extended move
or
6 - If the pair breaks the down 127 extension then this may be a double top
.

According to the Analysis, The pair is expected to find support at 108.467, and a fall through could take it to the next support level of 108.111. The pair is expected to find its first resistance at 109.076, and a rise through could take it to the next resistance level of 109.329.

 CHF JPY Previous Day range was 6090 and Current Day Range is 2530.

EUR AUD

The EUR traded higher against the AUD and closed at 1.6245.

The followed the following actions.

1- It broke the Quarterly Pivot upwards.
2 - Making a series of HH and HL.
3 - Formed A Support Trend Line.
4 - The Daily 9 ema is to the upside.
5 - If the pair breaks the Up 127 extension then we may see an extended move.
or
6 - If the pair breaks the down 127 extension then this may be a double top.
7 - The up 127 Extension is in confluence with Quarter and Year Resistance.

According to the Analysis, The pair is expected to find support at 1.62134, and a fall through could take it to the next support level of 1.61818. The pair is expected to find its first resistance at 1.62689, and a rise through could take it to the next resistance level of 1.62928.

EUR AUD Previous Day range was 55.5 and Current Day Range is 89.4.

Fundamental Overview

Inflation in the euro area is not at the level of 2% the ECB wants it to be, the ECB policy maker Klaas Knot says.

Japan: GDP shows strong fundamentals are supporting demand US Pres. Trump: “Starting Monday, our great Farmers can begin doing business again with Mexico and Canada.

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#90 Đã gửi : 21/05/2019 lúc 05:16:31(UTC)
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Technical Overview of GBP/JPY and GBP/USD Currency Pair


GBP JPY


The GBP traded higher against the JPY and closed at 139.972.

The Pair formed
1 - Formed a Motherbar Inside bar @ D1.
2 - Stalls at the Yearly Support.
3 - Making a series of LH and LL.

Break above 127 Extension may form a Bullish Momentum.

Break below 127 Extension may form a Bearish Momentum.

Currency Strength Meter shows that JPY is the weakest for now.

According to the Analysis, The pair is expected to find support at 139.595, and a fall through could take it to the next support level of 139.215. The pair is expected to find its first resistance at 140.420, and a rise through could take it to the next resistance level of 140.869.

GBP JPY Previous Day range was 8250 and Current Day Range is 4340.

GBP USD

The GBP traded lower against the USD and closed at 1.2721.

The Pair formed
1 - Formed a Motherbar Inside bar @ D1
2 - Stalls at the Yearly Support and The Quarter Support
3 - Making a series of LH and LL

Break above 127 Extension may form a Bullish Momentum.

Break below 127 Extension may form a Bearish Momentum.


Currency Strength Meter shows that GBP is the Strongest for now

According to the Analysis, The pair is expected to find support at 1.27044, and a fall through could take it to the next support level of 1.26881. The pair is expected to find its first resistance at 1.27470, and a rise through could take it to the next resistance level of 1.27733.

GBP USD Previous Day range was 42.6 and Current Day Range is 15.6.

Fundamental Overview

POUND:  Faces the biggest Weekly drop of the year 2019.
AUD/USD drops 20 pips after RBA minutes talk of rate.
AUD/JPY weakens to revisit 76.00 as RBA minutes seem dovish.

 

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#91 Đã gửi : 23/05/2019 lúc 04:15:35(UTC)
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Technical Overview of USD/JPY, EUR/AUD and EUR/JPY Currency Pair

USD JPY

The USD traded higher against the JPY and closed at 110.345.

1- In past it formed a Motherbar Insidebar after a decline of 296 pips, It was in a phase of Accumulation.
2 - Now its above the 60/80 Ema.
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 110.84 and Low is  109.76 , Roughly 110 pip.
6 - Its above the Quarter and Year Pivot and is stalling @
      a-  5 Day ADR High
      b-  Middle Support –1  Month
      C-  High of the motherbar/insidebar

Break above the 127 Extension of the motherbar high may trigger buying opportunities
Alternatively 
Break of the Lower ADR value may resume the previous trend.

According to the Analysis, The pair is expected to find support at 110.182, and a fall through could take it to the next support level of 110.018. The pair is expected to find its first resistance at 110.566, and a rise through could take it to the next resistance level of 110.786.

USD JPY Previous Day range was 3840 and Current Day Range is 2370.

EUR AUD


The EUR traded higher against the AUD and closed at 1.6201.

I have been watching this pair since 4 days as it has many aspects laying inside it

1 - Making a series of HH and HL
2 - Formed a Motherbar Inside bar @ D1
3 - In confluence with 
     Quarter Pivot
     Yearly and Quarter Resistance
     5 DAY ADR

4 - Formed a Support Trend Line 

Break above 127 Extension may form a Bullish Momentum.

Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 1.61838, and a fall through could take it to the next support level of 1.61670. The pair is expected to find its first resistance at 1.62278, and a rise through could take it to the next resistance level of 1.62550.

EUR AUD Previous Day range was 44 and Current Day Range is 39.4. 

EUR JPY

The EUR traded lower against the JPY and closed at 123.03.

EURJPY what is this Pair upto?

1 - In past it formed a Motherbar Insidebar after a decline of 296 pips.
2 - Now its above the 60/80 Ema.  
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 123.63 and Low is 122.39, Roughly 150 pip.
6 - It stalling @ Quarter Pivot &
      a -  5 Day ADR High
      b -  Middle Support –1  Month
      C -  High of the mother bar/in side bar

Break above the 127 Extension of the mother bar high may trigger buying opportunities
Alternatively 
Break of the Lower ADR value may resume the previous trend.

According to the Analysis, The pair is expected to find support at 122.837, and a fall through could take it to the next support level of 122.645. The pair is expected to find its first resistance at 123.362, and a rise through could take it to the next resistance level of 123.695.

EUR JPY Previous Day range was 5250 and Current Day Range is 2890.

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#92 Đã gửi : 24/05/2019 lúc 04:08:13(UTC)
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Technical Overview of EUR/AUD Currency Pair


EUR AUD


The EUR traded higher against the AUD and closed at 1.6201.

I have been watching this pair since 4 days as it has many aspects lying inside it.

1 - Making a series of HH and HL.
2 - Formed a Motherbar Inside bar @ D1.
3 - In confluence with. 
     Quarter Pivot
     Yearly and Quarter Resistance
     5 DAY ADR
3 - Formed A Support Trend Line
.

Break above 127 Extension may form a Bullish Momentum.

Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 1.61709, and a fall through could take it to the next support level of 1.61406. The pair is expected to find its first resistance at 1.62347, and a rise through could take it to the next resistance level of 1.62682.

EUR AUD Previous Day range was 63.8 and Current Day Range is 61.3. 

Fundamental Overview

Market is Over Extended

1 - We may see a Weakness in GBP as 3 of its High Impact news are not in a positive zone.
2 - Westpac Now Forecasts 3 RBA Interest-Rate Cuts in 2019. 
3 - It confirmed that market is in a state of Risk Aversion/Risk Off.

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#93 Đã gửi : 27/05/2019 lúc 02:23:57(UTC)
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Technical Overview of GBP/USD Currency Pair


GBP USD

The GBP traded higher against the USD and closed at 1.2711.

1) The pair closed in its weekly value areas.

2) A bullish sentiment after test of the VPOC may take the market upwards to the VPOC of last week and last 5th week.

3) Pair is in between its 5 DAY ADR levels.

4) Pair is continuously making high volume candles. 

5) Breakout zones are drawn on chart.

According to the Analysis, The pair is expected to find support at 1.26608, and a fall through could take it to the next support level of 1.26110. The pair is expected to find its first resistance at 1.27464, and a rise through could take it to the next resistance level of 1.27822.

GBP USD Previous Day range was 85.6 and Current Day Range is 29.6.

Fundamental Overview

1 - GBP/USD - Boosted Slightly After PM May Resigns.

2 - GBP: Time To Start Trimming Shorts, adding long GBPCHF.

For Detailed Technical Analysis Visit our YouTube Channel:- https://www.youtube.com/c/xtreamforex

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#94 Đã gửi : 28/05/2019 lúc 05:13:33(UTC)
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Technical Overview of USD/JPY and EUR/AUD Currency Pair


USD JPY

The USD traded lower against the JPY and closed at 109.483.

1) Pair stalls between the quarter and year pivot.

2) Keep in mind that market is in RISK AVERSION.  

3) Breakout of 127 extension may lead the pair to a short trend.

According to the Analysis, The pair is expected to find support at 109.314, and a fall through could take it to the next support level of 109.144. The pair is expected to find its first resistance at 109.618, and a rise through could take it to the next resistance level of 109.752.

USD JPY Previous Day range was 3040 and Current Day Range is 2010.

 

EUR AUD

The EUR traded lower against the AUD and closed at 1.6176.

1) PIVOT support line broken.

2) Market is below the golden cross EMA.

3) 127 Extensions level may decide the move direction.

According to the Analysis, The pair is expected to find support at 1.61570, and a fall through could take it to the next support level of 1.61376. The pair is expected to find its first resistance at 1.61917, and a rise through could take it to the next resistance level of 1.62070.

EUR AUD Previous Day range was 34.7 and Current Day Range is 47.

 

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#95 Đã gửi : 29/05/2019 lúc 03:12:59(UTC)
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Technical Overview of AUD/JPY Currency Pair


AUD JPY

The AUD traded higher against the JPY and closed at 75.703.

1) Pair in a tight range.

2) Pair forms a Support @ 77.50.

3) keep in mind that AUD announces time rate Cut in 2019 and total 4 times till 2020.

4) So it makes no sense to waiting for resistance to be broker as we know JPY is safe heaven in this RISK Aversion state.

According to the Analysis, The pair is expected to find support at 75.517, and a fall through could take it to the next support level of 75.330. The pair is expected to find its first resistance at 75.919, and a rise through could take it to the next resistance level of 76.134.

AUD JPY Previous Day range was 4020 and Current Day Range is 2230.

Economic Events

1) RBNZ Financial Stability Report (It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future).

2) Bank of Canada (BOC) Interest Rate Announcement.

3) GBP/USD: UK’s political uncertainty favors bears targeting 1.2600.

 

For Detailed Technical Analysis Visit our YouTube Channel.

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#96 Đã gửi : 30/05/2019 lúc 02:49:23(UTC)
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Overview of Gold – Bearish Sentiment Seen in This Week

GOLD

The XAU traded lower against the USD and closed at 1280.34.

What do we have in the shiny material?

1) Bearish ABCD Pattern.

2) "C" @ 50% Retracement.

3) "C" @ Monthly Pivot.

4) "C" @ the Value Area Low of - 2 Week.

5) "C" forms a Double Top in it - self, followed by 61.8% retracement.

6) Forms a support trendline from D1 Pivot Candles.

 

Scenarios:

  1. Bulls need to break above Month Pivot.
  2. Bears need to break below the D1 support trend line.

According to the Analysis, The XAU/USD pair is expected to find support at 1277.77, and a fall through could take it to the next support level of 1275.20. The pair is expected to find its first resistance at 1284.25, and a rise through could take it to the next resistance level of 1288.16.

XAU USD Previous Day range was 6.48 and Current Day Range is 31100.

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#97 Đã gửi : 31/05/2019 lúc 05:36:15(UTC)
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Technical Overview of the Commodities Gold and Silver

 

Overview of Gold

1) It is expected, that the price for gold could continue to decline. A potential downside target is the support level at 1,273 & Stalls @ the monthly pivot.

2) As it has formed a Large Bullish High volume Candle, It represents that the aggressive news buying is over and if the Highs r not broken then we may see it to decline again.

3) It’s making a series of Lower Highs and Lower Lows, Representing a declining position.

4) It’s in a formation of Gartley Pattern.

5) The D1 Price and Change in Candle Chart below For May 2019. We can see whenever the price and change in candle r in close proximity with each other they repell, triggering a change in trend.

Overview of Silver

1) It is expected, that the price for silver could continue to decline.

2) From the past 10 weeks, Silver is declining and making a series of Lower Lows and Higher Lows.

3) Now the Metal made a High Volume Candle.

4) At the Weekly Pivot.

5) Below the Last week Pivot.

6) At the previous and current Value Area High.

7) Test of 20 EMA from Daily 1 Chart.

8) A break below close below candle may trigger a selling bias again.

9) With Strong support @ SUP1 Week 1 = 14.38.

10) With Strong Support @ SUP2 Month 1 =14.36.

 

https://xtreamforex.com/academy/technical-overview-of-the-commodities-gold-and-silver/

 

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#98 Đã gửi : 03/06/2019 lúc 04:17:14(UTC)
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Technical Overview of AUD/CAD and AUD/CHF Currency Pair


AUD CAD

The AUD traded higher against the CAD and closed at 0.9174.

1-After making a down move of 406 pips, the pair begin ascending.

2 - It’s above the 60/80 ema. 

3 - Its above the weekly and monthly Pivot.

4 - It formed a Double Top Pattern, A breakout above the 127 Extension may lead the pair to covet the space made by 406 Pip down Move.

5 - If we have a look at the Futures data then we may see that the slope of AUD is towards UP side and CAD is towards Down.

According to the Analysis, The pair is expected to find support at 0.93363, and a fall through could take it to the next support level of 0.92984. The pair is expected to find its first resistance at 0.94012, and a rise through could take it to the next resistance level of 0.94282.

AUD CAD Previous Day range was 64.9 and Current Day Range is 30.3.

AUD CHF

The AUD traded lower against the CHF and closed at 0.6941.

1 - The Pair formed a double top.

2 - It could not breach the Up extension off 127 hence it confirms a double top.

3 - The 60/80 ema is facing towards down.

4 - Fundamentally as we know market is in Risk Off Scenario so we can gain help from the strength of Safe Heaven CHF to support this trade.  

5 - A space with many Open orders left to cover while going towards the down side remaining.

6 - Pair is below the Yearly, Quarterly, Monthly and weekly forming a Proper Sync formation of trend.

According to the Analysis, The pair is expected to find support at 0.69279, and a fall through could take it to the next support level of 0.69151. The pair is expected to find its first resistance at 0.69624, and a rise through could take it to the next resistance level of 0.69841.

AUD CHF Previous Day range was 34.5 and Current Day Range is 37.1.

Weekly Briefing

On Sunday, the Chinese government published a paper in which it was announced that China will not back off in the US-China trade war despite recent tariffs.
The Chinese securities and markets regulators announced that the impact of trade wars on financial markets can be controlled.
This may Strengthen The CNY because a few days earlier the officials  said that those who short  the CNY will face many Losses.

The Saudi Arabian Monetary Authority stated on Sunday steady slowdown of world economy growth could negatively affect oil market and, as a result, the country's economy temps of growth. It signals that when there will be instability then Who WILL BUY OIL? The Supply may exceed Demand.

The J.P. Morgan analytics department stated on Saturday that escalating trade tensions with China and other countries could force the Federal Reserve to hike interest rates two more times in 2019- High interest Rate = Strength  of the Economy

A fundamental surge has occurred. Due to another Trump tariff announcement the USD dropped like a brick. As a result of that commodity prices have jumped. Gold touched the 1,300.00 level on Friday. 

For Detailed Technical Analysis Visit XtreamForex YouTube Channel.

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#99 Đã gửi : 04/06/2019 lúc 05:23:37(UTC)
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Technical Overview of USD/JPY and NZD/CAD Currency Pair


USD JPY

The USD traded higher against the JPY and closed at 108.055.

The pair formed an AB= CD pattern.
It’s below Yearly, Quarterly and Monthly pivot.
NO Price Action Signal. 
It broke the Pivot support trend line.
But
Fundamentally as we know that Safe Heaven is in demand and USD has  announced a rate cut so we can assume  to sell on the rallies.
As we can see the VPOC level 108.22 is a good Value area to go short.
This may be a purely fundamental trade if shorts take over the market.

According to the Analysis, The pair is expected to find support at 107.809, and a fall through could take it to the next support level of 107.564. The pair is expected to find its first resistance at 108.372, and a rise through could take it to the next resistance level of 108.690.

USD JPY Previous Day range was 5630 and Current Day Range is 3320. 

NZD CAD

The NZD traded lower against the CAD and closed at 0.8864.

The main trend heads towards North.
Pivot support trendline formed.

Price successfully trading above the current and previous weekly pivot level.

Price breached towards north the - 3 week Pivots.

A Buy on the dips will be preferable.
For now
NZD is the strongest and USD and CAD are Weakest.

According to the Analysis, The pair is expected to find support at 0.88309, and a fall through could take it to the next support level of 0.87977. The pair is expected to find its first resistance at 0.88876, and a rise through could take it to the next resistance level of 0.89111.

NZD CAD Previous Day range was 56.7 and Current Day Range is 30.6.

Morning Briefing

The U.S. dollar fell on Monday after St. Louis Federal Reserve President James Bullard said an interest rate cut "may be warranted soon," given the rising economic risk posed by global trade tensions as well as weak U.S. inflation.

Hedge funds stepped up their negative bets on sterling.

While sterling edged further off five-month lows on Monday, rising 0.15% to $1.2645, short positions are slowly building up in the background, reflecting growing uncertainty among investors on the outlook for the British economy.

Short positions are at their highest level since March 17.

The RBA is expected to cut the cash rate on Tuesday to a new record low of 1.25%.  We expect a follow-up cut in August, with the risk of additional stimulus by early 2020.

ING discusses EUR/USD: We are still expecting a downside breakout below the crucial horizontal support around 1.1115 in the coming weeks. This will trigger a serious Sell signal
EUR/USD Bulls May Retreat If ECB Tilts Dovish On Thursday.

Squawk: Prefer to sell USD/JPY on rallies, while maintains a long NZD/CAD as its trade of this week targeting a move towards 0.8950.

Overview of Gold

From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future.

In this case, the rate has to surpass the 1,309.31 level. 

If the given support level holds, it is likely, that gold could trade sideways between it and the upper channel line.

It is unlikely, that the price for gold could jump higher than 1,333.68 due to the resistance of the Q1 R1.

Gold is above the yearly and Quarterly Pivots.

Better to wait for the Metal to form a Double Top and Fill the space it made.

Technically if we look at the Futures Data then we see that the data is making a formation of Double Top. If we break the neck line then we may have a down movement.

On the other hand we can see downwards slope in the USD Futures a crossover may strengthen USD.

For Detailed Technical Analysis Visit XtreamForex YouTube Channel.

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#100 Đã gửi : 05/06/2019 lúc 12:10:14(UTC)
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Technical Overview of NZD/CAD Currency Pair


NZD CAD
 

The NZD traded higher against the CAD and closed at 0.8849. 

Very Interesting pair for now.

Main trend aka 60/80 Ema is towards south.

The pair made a Pivot low candle support trend line.

It formed a Mb/Ib.
It’s above weekly Pivot and has formed a CUP Pattern.
A break above/below 127 extension may form a breakout.

Remember yesterday it was announced to stay long on NZDCAD.
Keep in mind that NZD is the most Interest paying nation for now.

The rate of change in Currency strength meter shows that NZD is the most strongest for now.

According to the Analysis, The pair is expected to find support at 0.88361, and a fall through could take it to the next support level of 0.88235. The pair is expected to find its first resistance at 0.88672, and a rise through could take it to the next resistance level of 0.88857.

NZD CAD Previous Day range was 31.1 and Current Day Range is 37.8.

Morning Briefing

USD: The U.S. dollar was modestly lower on Tuesday after Federal Reserve Chair Jerome Powell alluded to the possibility of an interest rate cut in the face of economic risks, including the global trade war.

EURGBP: Weakening of domestic data in UK combined with euro spread compression, the EUR/GBP could move towards 0.90.
Believe tactical EUR/SEK short positions remain attract.. Also maintain our CAD/NOK short and EUR/GBP long exposure.
Short USD/JPY than long EUR/USD. Short EUR/JPY still works.
There’s a bit more AUD short-covering to come.
 AUD/USD Traders A Green Light To Sell.

News of the Day!

AUD GDP to be announced today.
As we can see in the history we have a decline situation. Due to Weaker retail sales, weaker employment and ewages data, so it’s expected to have a weaker GDP for now. 
To have a better GDP, The AUD must have readings above 0.40%.

Sửa bởi người viết 05/06/2019 lúc 12:11:42(UTC)  | Lý do: Chưa rõ

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#101 Đã gửi : 06/06/2019 lúc 12:45:40(UTC)
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Technical Overview of EUR/GBP Currency Pair

 

EUR GBP

The EUR traded higher against the GBP and closed at 0.8841.

Overall the market may be in a range because of NFP scheduled for Friday
The pair stalls at the weekly Pivot
It has a major resistance at 0.9000 Level
( Distribution level)
We can expect a selling pressure if the pair breaks the VPOC of current month( in confluence with the  -3 week Value area high)
We may target  the  ADR 5 day low as Take Profit zone

No more big movements expected because of the NFP news scheduled for Friday

According to the Analysis, The pair is expected to find support at 0.88292, and a fall through could take it to the next support level of 0.88169. The pair is expected to find its first resistance at 0.88657, and a rise through could take it to the next resistance level of 0.88899.

EUR GBP Previous Day range was 36.5 and Current Day Range is 12.6.

Morning Briefing

ADP National Employment Report states that U.S. private employers added 27K jobs in May, This reading is well below the forecast, This gain is the most Smallest gain in the Past 9 years
Federal Reserve Chairman stated that FED considers to cut rates and soon.
Key Points in the above statements are:
1-ADP report says that  the added jobs are less than expected  and is the lowest increase in 9 years(This can be a negative news for USD).

2- FED considers to cut rates soon is a clear signal for weakness in the $$$.
So fundamentally staying Short on the $ may be more attractive than Long.

ECB will confirm economic risks remains to the downside and anticipate that ECB President Draghi will present a dovish tone to the monetary policy outlook; it means that we may have a Weaker EUR and its most strong competitor is JPY, so technically staying short on EUR pairs specially selling rallies EURJPY may be more handy.

YEN after strongly appreciating, there is a reduced risks of a reversal. Even if risk appetite gains interest and equity markets continue to north (STAY LONG ON JPY).

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#102 Đã gửi : 10/06/2019 lúc 01:37:07(UTC)
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Technical Overview of AUD/CAD and EUR/GBP Currency Pair

 

AUD CAD

The AUD traded higher against the CAD and closed at 0.9291.

As mentioned earlier that AUDCAD has been in a Double Top Formation.
Now we see that we have

1- Broke the neckline.
2 - Broke the previous Value Area Low and VPOC levels.

3 - Broke the Trendline.
4 - Broke below the Main trend.
5 - Its below the weekly monthly yearly and quarterly pivots.

6 - Formed a Morobozu candle on D1.
7 - Fundamentally AUD is weak due to rate cuts and CAD is strong due to 25k jobs added in CANADA.
8 - Broke the - 3 week VPOC resistance.
9 - Selling at the rally may be a good opportunity.

According to the Analysis, The pair is expected to find support at 0.92765, and a fall through could take it to the next support level of 0.92620. The pair is expected to find its first resistance at 0.93154, and a rise through could take it to the next resistance level of 0.93398.

AUD CAD Previous Day range was 38.9 and Current Day Range is 37.6.

 

EUR GBP

The EUR traded lower against the GBP and closed at 0.8895.

1 - A bearish bias on GBP and AUD.
2 - A double top formed on the yearly pivot.
3 - The neckline is also the previous resistance.
4 - A break below the MSup1 will lead the pair to the latest resistance, triggering  a  buy limit situation.

5 - The pair forms a Pivot Support trend line and is supported by fundamentals.
6 - This is the first day after NFP so we will come to know the market wise by end of UK session.

According to the Analysis, The pair is expected to find support at 0.88625, and a fall through could take it to the next support level of 0.88298. The pair is expected to find its first resistance at 0.89143, and a rise through could take it to the next resistance level of 0.89334.

EUR GBP Previous Day range was 51.8 and Current Day Range is 24.9.

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#103 Đã gửi : 11/06/2019 lúc 01:12:52(UTC)
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Technical Overview of USD/CHF and EUR/USD Currency Pair

 

USD CHF

The USD traded higher against the CHF and closed at 0.9897.

1 - Fundamentally the pair  to follow Risk Aversion.
2 - It stalls in between the previous week value area HIGH & LOW.
3 - The VPOC level is in confluence with Quarterly Pivot.
4 - The Pair formed a Motherbar Insidebar @ Previous Week Mother Bar Inside Bar Value Area High and Low.
5 - The pair has been in a series of LH and LL.
6 - Fundamentally USD has to be weak because of 2 rate cuts expected this year.
7 - Its advised to trade the Value area High and Low as support/resistance until a market profile  P/D/B shape is formed.

According to the Analysis, The pair is expected to find support at 0.98808, and a fall through could take it to the next support level of 0.98647. The pair is expected to find its first resistance at 0.99164, and a rise through could take it to the next resistance level of 0.99359.

USD CHF Previous Day range was 35.6 and Current Day Range is 13.5.

EUR USD

The EUR traded higher against the USD and closed at 1.1311.

1 - Fundamentally the pair to follow Risk Aversion.
2 - The Pair formed a Motherbar Insidebar @ Previous Week Mother bar Inside Bar. 
3 - It’s in tight range of previous week Value area High and Quarter Pivot.
4 - The pair has been in a series of HH and HL.
5 - As we can see that the pair has shifted its direction to Higher Highs in the weekly Pivots.
6 - Fundamentally USD has to be weak because of 2 rate cuts expected this year.

According to the Analysis, The pair is expected to find support at 1.12906, and a fall through could take it to the next support level of 1.12699. The pair is expected to find its first resistance at 1.13314, and a rise through could take it to the next resistance level of 1.13515.

EUR USD Previous Day range was 40.8 and Current Day Range is 15.

Morning Briefing

1 - The dollar gained on Monday after the United States and Mexico reached a deal to avoid tariffs.

2 - Euro faltered after sources said European Central Bank policymakers were open to cutting interest rates should economic growth slow.

3 - RBA to cut rates in August meeting.

4 - BoC on hold for now with the next move in rates likely up.

5 - More EUR/USD Short Covering Likely Within 1.1280 - 1.1380 Ranges.

 

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#104 Đã gửi : 12/06/2019 lúc 01:28:36(UTC)
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Technical Overview of USD Dollar Index

USD Dollar Index

Here we see a very interesting scenario that 
1 - USD Index is in a range, the range continues buy Pound Swissie and Euro.
All the above mentioned pairs share the same formations.
2 - A Motherbar/Insidebar found @ D1 time frame.
3 - Stalls @ the Year Resistance 1.
4 - Already achieved the 200% Extensions.
5 - Stalls @ Pivot Quarter 1 as a Support
6 - The Motherbar/Insidebar @ the Pivot support and resistances
7 - The most important reason for this range is the mixed data from USD. Like rate cuts and positive economic data.
8 - The CPI data is expected today.
Keep in mind that it’s correlated with PPI data.

Detailed Historical data Analysis shows that the Moving average of Period 2 has a downwards slope in CPI and PPI.

According to the Analysis, The Dollar Index is expected to find support at 96.433, and a fall through could take it to the next support level of 96.333. The pair is expected to find its first resistance at 96.683, and a rise through could take it to the next resistance level of 96.833.

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#105 Đã gửi : 14/06/2019 lúc 12:18:26(UTC)
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Technical Overview of USD/CNH Currency Pair

 

USD CNH

USD traded higher against CNH and closed at 6.9286.

G-20 Meeting Ahead on 28th June for US China Issues!

4 Possible outcomes at the coming G20 meeting:

(1) President Xi does not show at the G20 and the US imposes more tariffs - USDCNH likely breaks 7.00 fairly quickly.

(2) Xi and Trump meet but talks do not go well and US threatens further tariffs - USDCNH likely breaks 7.00 but more gradually.

(3) Status quo scenario: Xi and Trump meet, agree to disagree, tariffs go up as planned but USDCNH likely tests 7.00 later in July.

(4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85.

According to the Analysis, The USD/CNH is expected to find support at 6.92356, and a fall through could take it to the next support level of 6.91848. The pair is expected to find its first resistance at 6.93474, and a rise through could take it to the next resistance level of 6.94084.

For Detailed analysis visit XtreamForex YouTube Channel.

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#106 Đã gửi : 17/06/2019 lúc 12:05:43(UTC)
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Technical Overview of AUD/USD, CHF/JPY, AUD/CAD and EUR/JPY Currency Pair

AUD USD

AUD traded higher against USD and closed at 0.6869.

1 - 1 month long consolidation 0.6850-0.7000 threatens to be below because of the rate cut news.
2 - RBA will be cutting rates to 0.75% till November.
3 - On a daily chart we see a perfect resistance trend line indicating a downwards movement
4 - On daily chart the 1Month long support level can be seen
5 - The pair is below Yearly, Quarterly, Weekly and monthly pivots
6 - We can expect a bearish sentiment in the AUD till November as we know there may be massive rate cuts (4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85.

According to the Analysis, The AUD/USD is expected to find support at 0.68478, and a fall through could take it to the next support level of 0.68260. The pair is expected to find its first resistance at 0.69046, and a rise through could take it to the next resistance level of 0.69396.

CHF JPY

CHF traded lower against JPY and closed at 108.654.

As we already see that market is in a risk aversion state. There is more room for USDJPY to do down. China and Russia are shaking hands against USD, This may strengthen the CHY and devaluate the USD.
Keep in mind that now a day’s its only fundamentals that are playing in the market. In my opinion The strong currencies are JPY CHF CNY and Weak are USD GBP AUD.

According to the Analysis, The CHF/JPY is expected to find support at 108.384, and a fall through could take it to the next support level of 108.113. The pair is expected to find its first resistance at 109.020, and a rise through could take it to the next resistance level of 109.385.

AUD CAD

AUD traded higher against CAD and closed at 0.9212.

Fundamentally we know that AUD is weaker due to 2 rate cuts expected in 2019 and low to 0.75% basis points. Hence we can compare it with the strength of CAD.
Here we see that the pair has found a support at the low from 01.03.2019.
As this is a very major support and has been the low of last year, we may expect a short term bounce but the Fundamental bias is towards South.

According to the Analysis, The CHF/JPY is expected to find support at 0.91924, and a fall through could take it to the next support level of 0.91728. The pair is expected to find its first resistance at 0.92257, and a rise through could take it to the next resistance level of 0.92394.

EUR JPY

EUR traded higher against JPY and closed at 121.677.

Risk Aversion is an open secret now. We all know that the investors are after the strength of CHF and JPY. Here in the EURJPY we see 5 bullish candles moving ahead to the 5-day ADR
Monthly Pivot 
Weekly Pivot
So, we can expect a breakout from the ADR high or
A low volume test candle signaling a bearish continuation.

According to the Analysis, The EUR/JPY is expected to find support at 121.422, and a fall through could take it to the next support level of 121.168. The pair is expected to find its first resistance at 122.095, and a rise through could take it to the next resistance level of 122.514.

Fundamentals of the Day

BCC announced that it may see a slowed growth in the British Chamber of Commerce.
As this announcement may have a negative impact on the GBP, Its advised to stay short on GBP.

The People’s Bank of China (PBOC), China's central bank, announced on Monday that the second phase of a cut in the reserve requirement ratio. This process is adapted by economies who want to stabilize their economy. Keep in mind that there is G-20 Meeting ahead, that’s why China is Stabilizing itself to face any sort of bad effect of the meeting.

For Detailed analysis visit XtreamForex YouTube Channel.

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#107 Đã gửi : 19/06/2019 lúc 01:07:53(UTC)
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Technical Overview of EUR/USD, USD/JPY and EUR/JPY Currency Pair

 

EUR USD

EUR traded higher against USD and closed at 1.1193.

Long-term trend: Down

EUR USD still moving within 8 years of falling trend channel.

Short-term trend: Neutral

Breaking below solid support around 1.1220.

According to the Analysis, pair is expected to find support at 1.11686, and a fall through could take it to the next support level of 1.11442. The pair is expected to find its first resistance at 1.12301, and a rise through could take it to the next resistance level of 1.12672.

 

USD JPY

USD traded lower against JPY and closed at 108.442.

Long-term trend: Down

On the verge of completing a large triangle on the downside.

Short-term trend: Down

Developing a bear flag formation, indicating a continuation of the downtrend.

According to the Analysis, pair is expected to find support at 108.108, and a fall through could take it to the next support level of 107.774. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 109.010.

 

EUR JPY

EUR traded lower against JPY and closed at 121.376.

Long-term trend: Down

A test of the solid horizontal support around 111.95 should be expected.

Short-term trend: Down

The picture is weakening, waiting for a break below the crucial support around 120.90.

According to the Analysis, pair is expected to find support at 121.003, and a fall through could take it to the next support level of 120.629. The pair is expected to find its first resistance at 121.808, and a rise through could take it to the next resistance level of 122.239.

 

Key Fundamentals of the Day

G10: Markets Consolidate Ahead Of FOMC; AUD/NZD: Downside

FX market is likely to consolidate ahead of the Fed

While flagging a scope for further downside in AUD/NZD

In anticipation of another RBA cut.

At the central bank coming policy meeting.

 

Trump comments on Trade War

The US President Donald Trump announced on Tuesday that the US and Chinese trade talk teams will restart talks ahead of the G20 summit.

This could result in a down fall in the USD/CNH Pair

 

Facebook goes into cryptocurrencies

On Tuesday, it was announced by Facebook that the company plans to launch its Cryptocurrency, which is named Libra. 

Moreover, the social network will offer crypto wallets named Calibra.

 

For Detailed analysis visit XtreamForex YouTube Channel: https://www.youtube.com/c/xtreamforex

 

 

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#108 Đã gửi : 21/06/2019 lúc 01:33:34(UTC)
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Technical Overview of GBP/USD, and AUD/USD Currency Pair

 

GBP USD

GBP traded lower against USD and closed at 1.2697.

Sterling slips after BoE holds rates but cuts growth forecast

The BoE message was far less dovish than the U.S. Federal Reserve  and European Central Bank, which this week opened the door to rate cuts.

Sterling has rallied in recent days, pulling away from five-month lows, as investors dumped the dollar following the Fed’s dovish signaling.

 

According to the Analysis, pair is expected to find support at 1.26437 and a fall through could take it to the next support level of 1.25904. The pair is expected to find its first resistance at 1.27385, and a rise through could take it to the next resistance level of 1.27800.

 

AUD USD

AUD traded higher against USD and closed at 0.6919.

Black Rock Inc. is shorting the Australian dollar.

The currency has been out of favor this year as the RBA turned dovish and cut rates for the first time in three years.
The central bank trimmed its cash rate by 25 basis points to 1.25% on June 4, with Governor Philip saying the decision would help reduce unemployment and boost inflation.

 

According to the Analysis, pair is expected to find support at 0.68858, and a fall through could take it to the next support level of 0.68523. The pair is expected to find its first resistance at 0.69441, and a rise through could take it to the next resistance level of 0.69689.

 

Key Fundamentals of the Day

FED has a next move, Opportunity to Sell

Fed easing will eventually pull USD lower.
It’s believed that any additional USD firmness over the next 1-2 weeks will set up for a sell opportunity.

Suicide Rates among Young Americans Accelerates To Highest Level Since 2000.

 

For Detailed analysis visit XtreamForex YouTube Channel.

Sửa bởi người viết 21/06/2019 lúc 01:34:34(UTC)  | Lý do: Chưa rõ

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#109 Đã gửi : 25/06/2019 lúc 12:55:43(UTC)
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Technical Overview of USD/JPY, EUR/USD and AUD/USD Currency Pair

 

USD JPY

USD traded lower against JPY and closed at 107.29.

The Citigroup analysts make a case for buying the dips in the USD/JPY pair below 107.50
 support area, as they believe the downside doesn’t look more compelling.

USD: Weakness Likely To Extend As Key Technical Support Levels Are Broken.

The dollar index finally broke below its 200-day moving average on Friday at 96.600 which opens the door to further weakness in the near-term.

Flags a scope for further weakness in the future.

According to the Analysis, pair is expected to find support at 107.179 and a fall through could take it to the next support level of 107.068. The pair is expected to find its first resistance at 107.468, and a rise through could take it to the next resistance level of 107.646.

 

EUR USD

EUR traded higher against USD and closed at 1.1397.

Longs Super-Trade In The Month Heading To Fed's Cut.

EUR/USD position as the second-best G-10 FX trade in months leading up to the first Fed cut, only outpaced by a long EUR/NZD position.

ECB easing is also a done deal now, as Draghi hinted of easing unless the outlook improves (more QE and a rate cut).

The outlook will not improve (before 2020), but the ECB usually delivers when projections are updated – i.e. in September (they will ease with a time-lag after the Fed.

According to the Analysis, pair is expected to find support at 1.13742, and a fall through could take it to the next support level of 1.13511. The pair is expected to find its first resistance at 1.14120, and a rise through could take it to the next resistance level of 1.14267.

 

AUD USD

AUD traded lower against USD and closed at 0.6958.

RBA Maintains Call For Infrastructure Investment.

Rate cuts at low yield levels may not be enough to boost economy.

Quantitative Easing may be done.

According to the Analysis, pair is expected to find support at 0.69354, and a fall through could take it to the next support level of 0.69122. The pair is expected to find its first resistance at 0.69750, and a rise through could take it to the next resistance level of 0.69914.

 

Key Fundamentals of the Day

Gold- Fed is seen cutting rates by a 50bp in July.

Analysts at Morgan Stanley raises their gold price forecast for the second half of this year and the year after, in the face of the dovish Fed rate expectations, broad dollar weakness, global economic slowdown and falling US rates.

Real yields close to zero would reduce demand for yielding USD assets, could increase the demand for gold.

The negative territory could generate considerable further upside for gold's price.

Gold price forecast to average USD 1,435 in H2 of this year and USD 1,338 in 2020.

 

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#110 Đã gửi : 26/06/2019 lúc 12:31:16(UTC)
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Technical Overview of EUR/USD and GBP/USD Currency Pair

 

EUR USD

EUR traded lower against USD and closed at 1.1365.

EUR/USD position as the second-best G-10 FX trade in months leading up to the first Fed cut, only outpaced by a long EUR/NZD position.

ECB easing is also a done deal now, as Draghi hinted of easing unless the outlook improves (more QE and a rate cut).

The outlook will not improve (before 2020), but the ECB usually delivers when projections are updated – i.e. in September (they will ease with a time-lag after the Fed.

Break of ADR Highs to further extensions or Break of Support to form a Double top.

According to the Analysis, pair is expected to find support at 1.13353 and a fall through could take it to the next support level of 1.13059. The pair is expected to find its first resistance at 1.14030, and a rise through could take it to the next resistance level of 1.14413.

 

GBP USD

GBP traded lower against USD and closed at 1.2675.

Pair @ support from previous 3 week Pivot.

Pair @ support from Pivot support candle.

Preparing for Pre G-20 Meeting.

Resistance @ Pivot resistance candle.

Resistance @ Monthly Pivot.

According to the Analysis, pair is expected to find support at 1.26366, and a fall through could take it to the next support level of 1.25980. The pair is expected to find its first resistance at 1.27488, and a rise through could take it to the next resistance level of 1.28224.

 

Key Fundamentals of the Day

The dollar fell against most major currencies on Tuesday, hitting a three-month low against the euro.

As expectations of multiple decreases of U.S. interest rates by the Federal Reserve have spurred selling of the U.S. currency.

Growing tensions between Iran and the United States stoked fresh safe-haven buying of the yen.

President Donald Trump believes the U.S. dollar is too strong, and the euro is.

 

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#111 Đã gửi : 27/06/2019 lúc 12:26:50(UTC)
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Technical Overview of EUR/CHF, EUR/JPY and AUD/JPY Currency Pair

 

EUR CHF

EUR traded higher against CHF and closed at 1.1116.

Long-term trend: Neutral. The weekly close below support around 1.1130 suggests further selling pressure.

Short-term trend: Down. The consolidation below the lower end trading of the trading range around 1.1150 is bearish.

According to the Analysis, pair is expected to find support at 1.10864 and a fall through could take it to the next support level of 1.10571. The pair is expected to find its first resistance at 1.11345, and a rise through could take it to the next resistance level of 1.11533.

 

EUR JPY

EUR traded higher against JPY and closed at 122.527.

Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected.

Short-term trend: Neutral. Higher prices are still possible, although the upside potential remains limited.

According to the Analysis, pair is expected to find support at 121.983, and a fall through could take it to the next support level of 121.440. The pair is expected to find its first resistance at 122.848, and a rise through could take it to the next resistance level of 123.170.

 

AUD JPY

AUD traded higher against JPY and closed at 75.271.

Long-term trend: Down. Long-term solid horizontal support comes in around 72.15.

Short-term trend: Neutral: Bottoming scenario confirmed by breaking upper end falling trend channel
 around 74.70.

According to the Analysis, pair is expected to find support at 74.745, and a fall through could take it to the next support level of 74.220. The pair is expected to find its first resistance at 75.572, and a rise through could take it to the next resistance level of 75.874.

 

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#112 Đã gửi : 01/07/2019 lúc 12:52:15(UTC)
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Technical Overview of USD/CNH, USD/CHF and USD/CAD Currency Pair

 

USD CNH

USD traded higher against CNH and closed at 6.8679.

G20 Summit is over now, it’s expected that the weakness of the USD may continue.

On the other hand we may see strength in the safe heaven and CNH.

President Donald Trump wants a weaker dollar to help boost exports, and is counting on the Federal Reserve to help make that happen. But the central bank’s chairman, Jerome Powell, has made clear it’s not his job.

According to the Analysis, pair is expected to find support at 6.85980 and a fall through could take it to the next support level of 6.85170. The pair is expected to find its first resistance at 6.87757, and a rise through could take it to the next resistance level of 6.88724.

USD CHF

USD traded higher against CHF and closed at 0.9764.

According to the Analysis, pair is expected to find support at 0.97432, and a fall through could take it to the next support level of 0.97225. The pair is expected to find its first resistance at 0.97793, and a rise through could take it to the next resistance level of 0.97947.

USD CAD

USD traded higher against CAD and closed at 1.3099.

According to the Analysis, pair is expected to find support at 1.30715, and a fall through could take it to the next support level of 1.30440. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.31294.

Major Economic Events of the Day

The Caixin China Manufacturing PMI, released by Market, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).

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#113 Đã gửi : 02/07/2019 lúc 12:35:15(UTC)
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Technical Overview of AUD/USD Currency Pair

 

AUD USD

AUD traded higher against USD and closed at 0.6963.

The Reserve Bank of Australia (RBA), as was widely expected, decided to cut interest rates for the second month in a row to a historic low level of 1.0% at its July monetary policy meeting held this Tuesday.

The decision was on expected lines and hence, did little to prompt any fresh selling around the Australian Dollar, with the AUD/USD pair holding steady above mid-0.6900s.

According to the Analysis, pair is expected to find support at 0.69344 and a fall through could take it to the next support level of 0.69057. The pair is expected to find its first resistance at 0.70132, and a rise through could take it to the next resistance level of 0.70633.

Major Economic Events of the Day

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

Philip Lowe replaced Glenn Stevens as governor of Australia’s central bank. Lowe was the Deputy Governor of the Reserve Bank of Australia, a position he held since February 2012.

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#114 Đã gửi : 08/07/2019 lúc 12:40:36(UTC)
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Technical Overview of GBP/USD and EUR/JPY Currency Pair

 

GBP USD

GBP traded higher against USD and closed at 1.2527.

GBP/USD - Charts Suggest the 2019 Low Is Vulnerable.

D1 and H4 200 EMA Heads to south.
Broke D1 Ib towards the down side.
Broke the Quarter Support and Month Support.

Series of Lower Lows and Lower Highs.

According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378.

 

EUR JPY

EUR traded lower against JPY and closed at 121.779.

EUR/JPY: Scope for Retesting 120.82.

D1 and H4 200 EMA Heads to south.
Broke D1 Ib towards the down side.

It's in range but projects towards the down side.

According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108.

 

Major Economic Events of the Day

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

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#115 Đã gửi : 10/07/2019 lúc 02:20:13(UTC)
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Technical Overview of EUR/USD and AUD/USD and GBP/NZD Currency Pair

 

EUR USD

EUR traded higher against USD and closed at 1.1208.

EUR is expected to trade sideways, likely within a 1.1190/1.1230 range.

According to the Analysis, pair is expected to find support at 1.11943 and a fall through could take it to the next support level of 1.11810. The pair is expected to find its first resistance at 1.12198, and a rise through could take it to the next resistance level of 1.12320.

 

AUD USD

AUD traded lower against USD and closed at 0.6926.

AUD/USD - Edges Lower After Weak Consumer Confidence
Bears Seem Confident Ahead Of Fed 

According to the Analysis, pair is expected to find support at 0.69059 and a fall through could take it to the next support level of 0.68858. The pair is expected to find its first resistance at 0.69604, and a rise through could take it to the next resistance level of 0.69948.

 

GBP NZD

GBP traded lower against NZD and closed at 1.8856.

Overnight NZD was struck by a massive selling order. It was almost 34 pips in Asian session.

UK Manufacturing Production today

We can see that the expected 2.1 is way lot better than previous –3.9
if we have a positive tone from GBP then the Technical and fundamental bounce from the lows will be supported.

According to the Analysis, pair is expected to find support at 1.88115 and a fall through could take it to the next support level of 1.87673. The pair is expected to find its first resistance at 1.88989, and a rise through could take it to the next resistance level of 1.89421.

 

Major Economic Events of the Day

CAD: BOC Tone On Wed Likely A Bit More Optimistic Than Markets Assuming – CIBC
While not a stunner for markets, the tone will tend to be a bit more optimistic than what markets are now assuming.”

The Consumer Price Index is released by the National Bureau of Statistics of China.Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.

Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Powell's prepared remarks are published ahead of the appearance on Capitol Hill.

 

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#116 Đã gửi : 12/07/2019 lúc 01:56:09(UTC)
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Technical Overview of USD/CAD and USD/JPY Currency Pair

 

USD CAD

USD traded lower against CAD and closed at 1.3069.

Trades near the yearly-low (1.3037) even though the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy, and recent price action keeps the downside targets on the radar as the exchange rate fails to break out of the monthly opening range.

According to the Analysis, pair is expected to find support at 1.30436 and a fall through could take it to the next support level of 1.30179. The pair is expected to find its first resistance at 1.30931, and a rise through could take it to the next resistance level of 1.31169.

 

USD JPY

USD traded lower against JPY and closed at 108.487.

USD/JPY to find support from yields may face resistance above 109.00.
Its approaching resistance level and fundamentally the weakness of USD may drive the pair lower.

According to the Analysis, pair is expected to find support at 108.053 and a fall through could take it to the next support level of 107.618. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 108.964.

 

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#117 Đã gửi : 15/07/2019 lúc 12:27:39(UTC)
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Technical Overview of AUD/USD and USD/JPY Currency Pair

 

AUD USD

AUD traded higher against USD and closed at 0.7022.

Maintain a bullish data; Staying Long is more favorable as compared to short. Daily chart has a break above close above 10 EMA. Targets may be 0.73, Daily High and Weekly High has also been breached over night. Looking for a break meaningfully above resistance earlier this week at 0.7036 and remain long AUDUSD targeting 0.7300.

According to the Analysis, pair is expected to find support at 0.69868 and a fall through could take it to the next support level of 0.69515. The pair is expected to find its first resistance at 0.70409, and a rise through could take it to the next resistance level of 0.70597.

 

USD JPY

USD traded higher against JPY and closed at 107.885.

3 - Bearish Days for the Dollar, Expectations are the Rate cut by end of July.
Bearish sentiment leads the currency against the basket of CHF and JPY.
Selling rallies may be a positive approach in trading the safe-heaven. The basket trades below Quarterly and Yearly Pivots.

According to the Analysis, pair is expected to find support at 107.589 and a fall through could take it to the next support level of 107.292. The pair is expected to find its first resistance at 108.394, and a rise through could take it to the next resistance level of 108.902.

 

Major Events of the Day

NZD: Consumer Price Index (YoY) (Q2)

Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

CNY: Gross Domestic Product (QoQ) (Q2)

The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).

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#118 Đã gửi : 18/07/2019 lúc 06:53:24(UTC)
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Technical Overview of AUD/USD and EUR/JPY Currency Pair

 

AUD USD

AUD traded higher against USD and closed at 0.7008.

 

Higher After Post-Aus Jobs Short-Covering

AUD/NZD rallied from a 4-month low at 1.0404 to 1.0435.

AUD/USD rally was short-covering as it doesn't change RBA expectations.

Resistance at 0.7045 while 10-day MA at 0.6991 is support.

According to the Analysis, pair is expected to find support at 0.69948 and a fall through could take it to the next support level of 0.69811. The pair is expected to find its first resistance at 0.70233, and a rise through could take it to the next resistance level of 0.70381.

 

EUR JPY

EUR traded lower against JPY and closed at 121.15.

 

JPY breaking its lows on daily candle as well as weekly candle.
The losers against the JPY are USD and EUR for now.
Pretty decent Harmonic patterns found on H4 charts that are in confluence with the Fundamental expects.

According to the Analysis, pair is expected to find support at 121.038 and a fall through could take it to the next support level of 120.926. The pair is expected to find its first resistance at 121.371, and a rise through could take it to the next resistance level of 121.592.

 

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#119 Đã gửi : 19/07/2019 lúc 03:03:13(UTC)
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Technical Overview of EUR/AUD, AUD/JPY and GBP/AUD Currency Pair

 

EUR AUD

EUR traded higher against AUD and closed at 1.5936.

Below 200 and 50 EMA.
Making a series of Lower Highs and Lower Lows.
A Bearish/Resistance Trend line Formed.
Better option is to trade the strength of AUD and Remain short.
Alternatively
Go long if the pair breaches the Resistance Trend Line.

According to the Analysis, pair is expected to find support at 1.58949 and a fall through could take it to the next support level of 1.58541. The pair is expected to find its first resistance at 1.60044, and a rise through could take it to the next resistance level of 1.60731.

 

AUD JPY

AUD traded higher against JPY and closed at 75.898.

The pair is in a Weekly MBIB formation.
The pair slashed the Daily and Weekly Highs.
Making a triangle formation as well on the H4.
It’s above 50 and 200 EMA Breakout Levels Marked.
Target the breakout of 127 Extension on either side.

According to the Analysis, pair is expected to find support at 75.563 and a fall through could take it to the next support level of 75.227. The pair is expected to find its first resistance at 76.109, and a rise through could take it to the next resistance level of 76.319.

 

GBP AUD

GBP traded higher against AUD and closed at 1.773.

Perfect Example of Currency Strength Analysis.
Strength of AUD leads the pair to South.
The recent bearish News on the Pound supports the movement.
It has already breached through Weekly Lows and is below 200 and 50 EMA.
For now it's in a Daily Chart Mother bar inside Bar.
A break below will be trend continuation.

According to the Analysis, pair is expected to find support at 1.76797 and a fall through could take it to the next support level of 1.76296. The pair is expected to find its first resistance at 1.77716, and a rise through could take it to the next resistance level of 1.78134.

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#120 Đã gửi : 22/07/2019 lúc 03:24:47(UTC)
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Technical Overview of EUR/USD, AUD/NZD and EUR/JPY Currency Pair

 

EUR USD

EUR traded higher against USD and closed at 1.1220.

Below 200 and 50 EMA with the trend towards the down side.
Making a series of Lower Highs and Lower Lows.
Stalling in the Weekly Inside bar Pattern.
Break on either side may lead the trend.
The most important factor is the Fed rate cut.

According to the Analysis, pair is expected to find support at 1.1214 and a fall through could take it to the next support level of 1.1207. The pair is expected to find its first resistance at 1.1226, and a rise through could take it to the next resistance level of 1.1231.

 

AUD NZD

AUD traded lower against NZD and closed at 1.0401.

Below 200 and 50 EMA with the trend towards the down side.
Making a series of Lower Highs and Lower Lows.
Broke the Weekly inside Bar Pattern to the down side.
Broke the low of Monthly candle,
Any Selling opportunity may be good option.

According to the Analysis, pair is expected to find support at 1.0383 and a fall through could take it to the next support level of 1.0376. The pair is expected to find its first resistance at 1.0396, and a rise through could take it to the next resistance level of 1.0402.

 

EUR JPY

EUR traded lower against JPY and closed at 120.77.

Bears in control as they broke the Weekly In sidebar and are to target the bearish ABCD Pattern, heading towards minimum 127 extension.

ECB steers the market towards more easing later in the year.
Quantitative Easing and Further rate cut by 10Basis Points will weaken the EURO.
This rate cut may occur in September.
Until then EURO may remain sideways.

According to the Analysis, pair is expected to find support at 120.94 and a fall through could take it to the next support level of 120.86. The pair is expected to find its first resistance at 121.10, and a rise through could take it to the next resistance level of 121.20.

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#121 Đã gửi : 23/07/2019 lúc 02:26:55(UTC)
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Technical Overview of EUR/USD and GBP/CHF Currency Pair



EUR USD

EUR traded lower against USD and closed at 1.1208.

EUR/USD - Bears get clear signals ahead of ECB Meet.
We have break below close below of Daily Ib and Weekly Ib.

Bollinger bands facing towards south.
EUR/USD near-term downside limited to channel base 1.1158
Quiet Trading Expected Ahead Of Key Event Risks
ECB meeting Thursday and FOMC next week likely be catalysts for breakout.


According to the Analysis, pair is expected to find support at 1.12013 and a fall through could take it to the next support level of 1.11941. The pair is expected to find its first resistance at 1.12204, and a rise through could take it to the next resistance level of 1.12323.


GBP CHF

GBP traded higher against CHF and closed at 1.225.

The GBP/CHF continued to trade downwards, targeting the lower area located @1.2000. 

Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages and has breached low of Monthly candle currently located in the 1.2285/1.2325 range, it is expected, that the British Pound could continue to depreciate against the Swiss Franc.


According to the Analysis, pair is expected to find support at 1.22173 and a fall through could take it to the next support level of 1.21845. The pair is expected to find its first resistance at 1.22931, and a rise through could take it to the next resistance level of 1.23361.

 

Fundamentals of the Day

 

1) Dollar rises as fears of a 50 point interest-rate cut fade

The U.S. dollar rose in afternoon trade on Friday as fears of a larger-than-expected 50-basis-point interest rate cut in July abated after the New York Federal Reserve walked back dovish comments from its president the prior day.

 

2) ECB Bank Lending Survey

The bank lending survey (BLS) for the euro area was launched in 2003. Its main objective is to enhance the Eurosystem’s knowledge of financing conditions in the euro area. The BLS provides input to the ECB Governing Council’s assessment of monetary and economic developments, on which it bases its monetary policy decisions.

 

3) FPC Meeting Minutes

Bank of England Financial Policy Committee Minutes is a detailed record of the FPC's most recent meeting. The report, which is released quarterly, provides in-depth insights into the financial conditions and decisions towards financial stability.

 

4) Tory Leadership Contest Result Announcement

The UK Conservative Party is set to announce the results of the vote for its new leadership. UK tories have been voting for weeks and the race has been trimmed to two candidates: Boris Johnson and Jeremy Hunt. The winner of the contest will become the new British Prime Minister, succeeding Theresa May at the Number 10 Downing Street office.

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#122 Đã gửi : 29/07/2019 lúc 02:46:26(UTC)
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Technical Overview of EUR/USD and GBP/USD Currency Pair

EUR USD

EUR traded lower against USD and closed at 1.1121.


Staying Tactically Bearish For 1.1050; A 50bp Fed Cut Would Be A Game Changer.

According to the Analysis, pair is expected to find support at 1.12150 and a fall through could take it to the next support level of 1.11543. The pair is expected to find its first resistance at 1.14118, and a rise through could take it to the next resistance level of 1.14725.

GBP USD

GBP traded higher against USD and closed at 1.2343.

To New 2019 Low As EU Affirms No Reopening Of Brexit Deal.

According to the Analysis, pair is expected to find support at 1.25558 and a fall through could take it to the next support level of 1.24902. The pair is expected to find its first resistance at 1.27682, and a rise through could take it to the next resistance level of 1.28338.

 

COT Report for Different Currencies this week

COT Report for Swisse

Swissie Net Commercials volume is above the 0 mark and in a positive side showing Net Long positions in strength.

Its a wise decision to remain Long on swissie.

 

COT Report for Canadian Dollar

Here In Canadian Dollar Net Commercials we see that from the 11th June- 18th June.

The Canadian Dollar has weighted towards a Net Commercial Short Position.

Means that Shorting Canadian Will be a wise decision ,Alternatively Going Long on the retracments can also be entertained.

 

COT Report for US Dollar

US Dollar Net Commercial Positions Weighs towards the Net Short side.

It can be clerly seen that from the Year start , the commercials have been interested in shorting the US Dollar.

 

COT Report for GBP

After facing turbulance from 19 March to almost a month ,GBP Net commercials weigh towards the Long Net Positions.

GBP may show some reaction to the COT Report this week.

For Detailed analysis visit XtreamForex YouTube Channel.

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#123 Đã gửi : 05/08/2019 lúc 12:10:24(UTC)
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Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair

EUR USD

EUR traded higher against USD and closed at 1.1107.

The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.

According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135.

AUD USD

AUD traded lower against USD and closed at 0.6799.

 

AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back.

USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate.

Leads to risk aversion in Asia as risk/EM assets sold across board.

Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016.

Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues?


According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794.

 

NZD USD

NZD traded lower against USD and closed at 0.6540

 

A number of downward slopping trend lines indicate weakness of NZD/USD.

10-week old support-line grabs bears’ attention.

In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday.

The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.

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#124 Đã gửi : 06/08/2019 lúc 01:40:21(UTC)
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Technical Overview of AUD/USD, GBP/USD and USD/JPY Currency Pair

AUD USD

AUD traded lower against USD and closed at 0.6756.

  • AUD/USD remains upbeat as the RBA renounce from the policy change.
  • The central bank stepped back from suggesting further rate cuts.
  • Trade/political news will be followed for fresh impulse.

According to the report of The Reserve Bank of Australia (RBA), there will be no change in the monetary policy, offers a 1.0% interest rate. The central bank avoid from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers.

According to the Analysis, pair is expected to find support at 0.678 and a fall through could take it to the next support level of 0.677. The pair is expected to find its first resistance at 0.6797 and a rise through could take it to the next resistance level of 0.6803.

GBP USD

GBP traded higher against USD and closed at 1.2143.

·         GBP/USD stays on defensive 100 hour exponential moving average.

·         4-day old support-line seems immediate rest ahead of 1.2080.


According to the Analysis, pair is expected to find support at 1.2101 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2189, and a rise through could take it to the next resistance level of 1.2233.

 

USD JPY

USD traded higher against JPY and closed at 105.9500.

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.

Previous reading for Gross Domestic Product was 0.6%.

Expected GDP is 0.1%.

 

According to the Analysis, pair is expected to find support at 106.43 and a fall through could take it to the next support level of 106.17. The pair is expected to find its first resistance at 107.02, and a rise through could take it to the next resistance level of 107.36.

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#125 Đã gửi : 08/08/2019 lúc 02:35:06(UTC)
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Technical Overview of NZD/USD, EUR/USD and USD/CNY Currency Pair

NZD USD

NZD traded lower against USD and closed at 0.6446.

  • Lower than expected USD/CNY fix and comments from RBNZ calming markets.
  • RBNZ asst Governor Hawkes by is confident inflation will rise after 50 BP cut.
  • Hawkes by said unconventional tools an option only if inflation tanks.
  • NZD/USD resistance at former support at 0.6480/90 where sellers are tipped.

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. According To consensus GDP rate is expected to be lower than previous rate.  

According to the Analysis, pair is expected to find support at 0.6455 and a fall through could take it to the next support level of 0.6452. The pair is expected to find its first resistance at 0.6461 and a rise through could take it to the next resistance level of 0.6463.

EUR USD

EUR traded higher against USD and closed at 1.1199.

Danske Research discusses EUR/USD outlook and expects a dip back towards 1.10 in EUR/USD on 1-3M on yet another Fed disappointment in September.

According to the Analysis, pair is expected to find support at 1.1211 and a fall through could take it to the next support level of 1.1209. The pair is expected to find its first resistance at 1.1214, and a rise through could take it to the next resistance level of 1.1216.
 
USD CNY
 
USD traded lower against CNY and closed at 7.0602.

USD/CNY fix at 7.0039, which was below market estimates.

The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.
 
According to the Analysis, pair is expected to find support at 7.0359 and a fall through could take it to the next support level of 7.0116. The pair is expected to find its first resistance at 7.0749, and a rise through could take it to the next resistance level of 7.0896.

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#126 Đã gửi : 09/08/2019 lúc 11:45:58(UTC)
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Technical Overview of AUD/USD, GBP/USD and USD/CAD Currency Pair

AUD USD

AUD traded lower against USD and closed at 0.6802.

·         RBA quarterly SOMP just released is in line with dovish market assumptions

·         RBA said economic forecasts based on market pricing nRUA8JEF6D

·         RBA notes the downside risks posed by US-China trade war escalation

·         AUD/USD off early high (0.6822), but still holding above 0.6800

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6666. The pair is expected to find its first resistance at 0.6789 and a rise through could take it to the next resistance level of 0.6818.

GBP USD

GBP traded higher against USD and closed at 1.2133.

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 1.2113 and a fall through could take it to the next support level of 1.2082. The pair is expected to find its first resistance at 1.2182, and a rise through could take it to the next resistance level of 1.2221.

USD CAD

USD traded lower against CAD and closed at 1.3227.

The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.

According to the Analysis, pair is expected to find support at 1.3279 and a fall through could take it to the next support level of 1.3251. The pair is expected to find its first resistance at 1.334, and a rise through could take it to the next resistance level of 1.3373.

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#127 Đã gửi : 12/08/2019 lúc 11:42:44(UTC)
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Technical Overview of USD/JPY, NZD/USD and USD/CHF Currency Pair

 

USD JPY

USD traded lower against JPY and closed at 105.6900.

·         USD/JPY: Bears staying in control in the Asian session.

·         USD/JPY4-hour chart: The pair is also at risk of extending its decline,

USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar.

According to the Analysis, pair is expected to find support at 105.3 and a fall through could take it to the next support level of 104.92. The pair is expected to find its first resistance at 106.04 and a rise through could take it to the next resistance level of 106.39.

NZD USD

NZD traded lower against USD and closed at 0.6468.

·         NZD/USD jumps 20 pips on comments by New Zealand's Treasury that QE is less appealing.

·         Treasury feels RBNZ could cut rates to the negative territory if required.

NZD/USD is recovering lost ground on comments by New Zealand's Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of monetary easing.

According to the Analysis, pair is expected to find support at 0.6402 and a fall through could take it to the next support level of 0.6359. The pair is expected to find its first resistance at 0.6478, and a rise through could take it to the next resistance level of 0.6512.

 

USD CHF

USD traded lower against CHF and closed at 0.9727.

·         USD/CHF's 4-hour and daily charts are showing signs of seller exhaustion.

·         The pair could rise to the 10-day moving average resistance during the day ahead.

USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of a bearish-to-bullish trend change.

According to the Analysis, pair is expected to find support at 0.9703 and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9784.

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#128 Đã gửi : 14/08/2019 lúc 11:21:06(UTC)
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Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pair

 

EUR USD

EUR traded higher against USD and closed at 1.1169.

·         EUR/USD aims to revisit 4H 100MA after taking another U-turn from near-term resistance-line.

·         While 1.1283/87 can please buyers during upside break, 23.6% Fibonacci retracement can lure during post-1.1158 declines.

The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1156. The pair is expected to find its first resistance at 1.1214 and a rise through could take it to the next resistance level of 1.1228.

GBP USD

GBP traded lower against USD and closed at 1.2058.

·         GBP/USD remains on a back foot amid recent UK political news.

·         Rebel MPs readying for early-September action.

·         UK CPI, trade/political news in the spotlight.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).


According to the Analysis, pair is expected to find support at 1.2046 and a fall through could take it to the next support level of 1.2033. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2103.

 

AUD USD

 

AUD traded lower against USD and closed at 0.6800.

·         AUD/USD drops to the intra-day low after China’s July month Retail Sales and Industrial Production lagged behind market consensus and prior.

·         Cautious trading and a lack of fresh clues confined the pair’s moves during the early morning.

·         The US-China trade news, speech from RBA’s Debelle will provide fresh impulse.            

The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 0.6760 and a fall through could take it to the next support level of 0.6743. The pair is expected to find its first resistance at 0.6814, and a rise through could take it to the next resistance level of 0.6831.

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#129 Đã gửi : 15/08/2019 lúc 12:24:52(UTC)
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Technical Overview of AUD/USD, USD/JPY and USD/CHF Currency Pair

AUD USD

AUD traded higher against USD and closed at 0.6747.

  • AUD/USD maintaining bid tone as markets send mixed signals regarding risk.
  • US yields hitting historic lows in Asia with 30-year yield below 2.0%.
  • Bond market is pricing in strong chance of recession nL4N25B0GG.
  • Despite moves in US Treasuries. S&P futures up over 0.40%.
  • AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300.
  • Unless bond market wrong, AUD/USD should struggle on global growth concerns.
  • AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo.

 
According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811.

USD JPY

USD traded lower against JPY and closed at 105.89.

Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

According to the Analysis, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66.
 
USD CHF
 
USD traded higher against CHF and closed at 0.9732.
​​​​​​​
According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777.
 
According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as:
 
(1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50;
(2) Possible risk of USD intervention by the US;
(3) Rising odds of a “No Deal” Brexit;
(4) Re-emergence of Italy political risk;
(5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war;
(6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports;
(7) 2020 - US presidential election year leaves scope for a more aggressive Trump;
(8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,"

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#130 Đã gửi : 20/08/2019 lúc 11:33:10(UTC)
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Technical Overview of USD/CAD, USD/JPY and EUR/USD Currency Pair

 

USD CAD

USD traded lower against CAD and closed at 1.3323.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, pair is expected to find support at 1.3270 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3304 and a rise through could take it to the next resistance level of 1.3338.

USD JPY

USD traded lower against JPY and closed at 106.62.

FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

According to the Analysis, pair is expected to find support at 106.36 and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 106.70, and a rise through could take it to the next resistance level of 106.81.

EUR USD

EUR traded higher against USD and closed at 1.1087.

According to the Analysis, pair is expected to find support at 1.1075 and a fall through could take it to the next support level of 1.1066. The pair is expected to find its first resistance at 1.1105, and a rise through could take it to the next resistance level of 1.1114.

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#131 Đã gửi : 22/08/2019 lúc 11:34:15(UTC)
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Technical Overview of GBP/USD, NZD/USD and USD/CHF Currency Pair

GBP USD

GBP traded lower against USD and closed at 1.2130.

GBP/USD seesaws inside a choppy range between 10 and 21-DMA.

MACD flashes bullish signal.

The Jackson Hole Economic Policy Symposium is an annual symposium sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyoming, since 1981. It is a forum for central bankers, policy experts and academics to come together to focus on a topic.

According to the Analysis, pair is expected to find support at 1.2108 and a fall through could take it to the next support level of 1.2086. The pair is expected to find its first resistance at 1.2156 and a rise through could take it to the next resistance level of 1.2181.

NZD USD

NZD traded lower against USD and closed at 0.6404.

Retail Sales m/m reflect a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes.

Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018.


According to the Analysis, pair is expected to find support at 0.6393 and a fall through could take it to the next support level of 0.6381. The pair is expected to find its first resistance at 0.6418, and a rise through could take it to the next resistance level of 0.6431.

 

USD CHF

EUR traded higher against USD and closed at 0.9819.

The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.

According to the Analysis, pair is expected to find support at 0.9790 and a fall through could take it to the next support level of 0.9868. The pair is expected to find its first resistance at 0.9848, and a rise through could take it to the next resistance level of 0.9868.

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#132 Đã gửi : 27/08/2019 lúc 12:33:21(UTC)
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Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pair

EUR USD

EUR traded lower against USD and closed at 1.1102.

EUR/USD failed to confirm a bullish reversal with a close above 1.1153 on Monday.

German GDP is expected to have contracted by 0.1% in the second quarter.                                

HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

According to the Analysis, pair is expected to find support at 1.1079 and a fall through could take it to the next support level of 1.1057. The pair is expected to find its first resistance at 1.1138 and a rise through could take it to the next resistance level of 1.1175.

USD CAD

USD traded lower against CAD and closed at 1.3254.

The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.


According to the Analysis, pair is expected to find support at 1.3229 and a fall through could take it to the next support level of 1.3203. The pair is expected to find its first resistance at 1.3298, and a rise through could take it to the next resistance level of 1.3342.

 

AUD USD

AUD traded higher against CAD and closed at 0.6775.

The Aussie ignored upbeat Chinese data and risk-on trades on the Asian stocks. Focus remains on trade and US data.

According to the Analysis, pair is expected to find support at 0.6732 and a fall through could take it to the next support level of 0.6713. The pair is expected to find its first resistance at 0.6774, and a rise through could take it to the next resistance level of 0.6797.

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#133 Đã gửi : 30/08/2019 lúc 11:42:12(UTC)
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Technical Overview of EUR/CNY, USD/JPY and USD/CAD Currency Pair

EUR CNY

EUR traded higher against CNY and closed at 7.9029.

The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.
 
The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).
 
The Caixin China Manufacturing PMI™, released by Market Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.
                                      
According to the Analysis, pair is expected to find support at 7.881 and a fall through could take it to the next support level of 7.860. The pair is expected to find its first resistance at 7.934 and a rise through could take it to the next resistance level of 7.967.

USD JPY

USD traded lower against JPY and closed at 106.5200.

Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, it is seasonally adjusted.
The index allows evaluating consumer spending which is an important indicator of the national inflation.
The indicator growth can have a positive effect on yen quotes.

According to the Analysis, pair is expected to find support at 105.55 and a fall through could take it to the next support level of 105.33. The pair is expected to find its first resistance at 106.03, and a rise through could take it to the next resistance level of 106.29.

USD CAD

USD traded higher against CAD and closed at 1.3287.
 
The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

According to the Analysis, pair is expected to find support at 1.3239 and a fall through could take it to the next support level of 1.3194. The pair is expected to find its first resistance at 1.3315, and a rise through could take it to the next resistance level of 1.3346.

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#134 Đã gửi : 09/09/2019 lúc 01:31:12(UTC)
xtreamforex


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Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pair

 

GBP USD

GBP traded lower against USD and closed at 1.2281.

The UK Parliament will decide whether the UK PM Johnson's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

·       GBP/USD deflected by Ichimoku Cloud as pointed out

·       Chart blockade has impeded rally, but bullish bias not gone

·       Bulls need to clear Cloud top 1.2432 to force short-covering

·       Daily Bollinger uptrend channel in play if 1.2269 floor holds

·       But Mon closing below that mark could skew back toward 1.2100

·       Entrance of downtrend channl awaits as Brexit uncertainty builds          

According to the Analysis, pair is expected to find support at 1.2266 and a fall through could take it to the next support level of 1.2255. The pair is expected to find its first resistance at 1.2300 and a rise through could take it to the next resistance level of 1.2311.

AUD USD

AUD traded higher against USD and closed at 0.6846.

AUD/USD trades firmer near-daily highs above the 0.6850 level after the Australian Home Loans data showed a solid surge in July. The spot also finds support from China's RRR cut despite disappointing Chinese trade figures.

According to the Analysis, pair is expected to find support at 0.6839 and a fall through could take it to the next support level of 0.6836. The pair is expected to find its first resistance at 0.6851, and a rise through could take it to the next resistance level of 0.6854.

USD JPY

USD traded lower against JPY and closed at 106.90.

USD/JPY is trading little changed below 107.00 so far this Monday amid Japanese GDP data and improved risk tones. Risk remains skewed to the upside, as the pair is developing above all of its moving averages.

According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.

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#135 Đã gửi : 10/09/2019 lúc 12:45:09(UTC)
xtreamforex


Danh hiệu: Junior Member

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Cyprus

 

Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pair

EUR USD

EUR traded higher against USD and closed at 1.1046.

·       EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063

·       Return to downtrend possible, in repeat of early Aug price action

·       Bullish reversal pattern may again be overturned at Bollinger band 1.1111

·       Previous failures to close inside Bollinger uptrend channel cued selloff

JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.                            

According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076.

NZD USD

NZD traded higher against USD and closed at 0.6422.

According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449.

GBP USD

GBP traded lower against USD and closed at 1.2345.

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.

 

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#136 Đã gửi : 10/09/2019 lúc 12:56:47(UTC)
xtreamforex


Danh hiệu: Junior Member

Nhóm: Member
Gia nhập: 23-10-2018(UTC)
Bài viết: 190
Cyprus

 

Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pair

EUR USD

EUR traded higher against USD and closed at 1.1046.

·       EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063

·       Return to downtrend possible, in repeat of early Aug price action

·       Bullish reversal pattern may again be overturned at Bollinger band 1.1111

·       Previous failures to close inside Bollinger uptrend channel cued selloff 

JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.        

According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076.

NZD USD

NZD traded higher against USD and closed at 0.6422.

According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449.

GBP USD

GBP traded lower against USD and closed at 1.2345.

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.

 

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#137 Đã gửi : 11/09/2019 lúc 01:25:37(UTC)
xtreamforex


Danh hiệu: Junior Member

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Bài viết: 190
Cyprus

 

Technical Overview of USD/JPY, USD/CHF and AUD/USD Currency Pair

USD JPY

USD traded higher against JPY and closed at 107.53.

·       USD/JPY grinds higher to 107.67 from 107.54, nearing breakout

·       May soon crack 107.71 top of daily Ichimoku Cloud on EBS

·       Closing above that level marks bullish break, 200 DMA could be next

·       ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in

·       US 10y yield lets off some steam after hitting 1.744%, last 1.713%

·       Risk appetite rising with further global central bank easing expected               

According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75.

USD CHF

USD traded lower against CHF and closed at 0.9919.

·       USD/CHF recently turned choppy inside a rising channel formation.

·       200-hour EMA adds to the pattern’s support.

The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session.


According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938.

AUD USD

AUD traded higher against USD and closed at 0.6859.

·       AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data.

·       Australian currency may remain under pressure due to deepening slowdown in China.

According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873.

 

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#138 Đã gửi : 18/09/2019 lúc 11:27:36(UTC)
xtreamforex


Danh hiệu: Junior Member

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Cyprus

 

Technical Overview of GBP/USD, USD/CAD and NZD/USD Currency Pair

GBP USD

GBP traded lower against USD and closed at 1.2500.

·       GBP/USD created a bullish outside bar candlestick on Tuesday, signaling a continuation of the recent rally.

·       Federal Reserve is expected to cut rates by 25 basis points.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

According to the Analysis, pair is expected to find support at 1.2423 and a fall through could take it to the next support level of 1.2392. The pair is expected to find its first resistance at 1.2525 and a rise through could take it to the next resistance level of 1.2556.

USD CAD

USD traded higher against CAD and closed at 1.3241.

·       USD/CAD remains above 100-HMA, 38.2% Fibonacci retracement confluence.

·       61.8% Fibonacci retracement limits near-term advances.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, pair is expected to find support at 1.3231 and a fall through could take it to the next support level of 1.3215. The pair is expected to find its first resistance at 1.3283, and a rise through could take it to the next resistance level of 1.3299.

NZD USD

NZD traded lower against USD and closed at 0.6356.

·       NZD/USD follows three-day-old falling trend-line, slips below 61.8% Fibonacci retracement.

·       Early-month high, Tuesday’s low could offer intermediate halt during the declines.

The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.

The FOMC press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.

According to the Analysis, pair is expected to find support at 0.6332 and a fall through could take it to the next support level of 0.6322. The pair is expected to find its first resistance at 0.6364, and a rise through could take it to the next resistance level of 0.6374.

 

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#139 Đã gửi : 26/09/2019 lúc 01:43:26(UTC)
xtreamforex


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Cyprus

Technical Overview of NZD/USD and USD/JPY Currency Pair

NZD USD

NZD traded lower against USD and closed at 0.6271.

·         NZD/USD rebounding after staging key reversal lower yesterday

·         Pair is up close to 0.59% from the NY close and nearing 0.6300

·         Move up coincided with speech by RBNZ Governor Orr

·         Orr says rates will remain low for long time, but QE unlikely

·         Adds that low rates provides excellent investment opportunities

·         Resistance at 10-day MA at 0.6314 and break eases downward pressure Bank of America Merrill

 

Gross Domestic Product q/q (GDP) is a monetary valuation of all goods and services produced in the United States in the given quarter compared with the previous one minus the price of goods and services used in production.

 

The GDP calculation equation includes consumer spending, government spending, amount of all investments (including capital expenditures for activities) and total net export of the country.

 

GDP is the indicator of the country's economy and population living standards. A regular inflation adjustment allows for a valid comparison of the current value with the previous one. Thus, the country's GDP can be displayed as a percentage of the previous year or quarter. This is handy for measuring the economic growth rate.

 

GDP growth can have a positive effect on dollar quotes.

 

According to the Analysis, pair is expected to find support at 0.6264 and a fall through could take it to the next support level of 0.6245. The pair is expected to find its first resistance at 0.6328 and a rise through could take it to the next resistance level of 0.6347.

USD JPY


USD traded lower against JPY and closed at 107.76.

 

Bank of America Merrill Lynch Global Research discusses USD/JPY outlook and maintains a structural bearish bias

 

The bar is high for the BoJ to cut the policy rate and the USD/JPY level is likely to be a key variable. We would sell USD/JPY (and vol) if it rallies on expectations for the BoJ from the current level.

 

The likelihood of the BoJ's rate cut would increase if USD/JPY sells off to 104-105, accompanying weakness in risk assets. However, we do not think a mere 10bp rate cut would contain the pressure. We expect the market to test the BoJ in such a scenario and volatility will rise," BofAML notes.

 

"But the combination of fiscal easing, rate cut with supplementary measures, and more purchases of foreign assets by public/semi-public institutions, may prove effective in weakening JPY," BofAML adds.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

 

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

 

According to the Analysis, pair is expected to find support at 107.20 and a fall through could take it to the next support level of 106.99. The pair is expected to find its first resistance at 107.86, and a rise through could take it to the next resistance level of 108.07.

 

Important Economic Events of the Day

·         JPY: BoJ Governor Kuroda Speech

·         USD: United States Gross Domestic Product (GDP) q/q

·         EUR: ECB President Draghi Speech

·         GBP: BoE Governor Carney Speech

·         USD: Pending Home Sales m/m

·         MXN: Bank of Mexico Interest Rate Decision

For More information about the release time of news and its impact visit Economic Calendar Page!

 

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#140 Đã gửi : 27/09/2019 lúc 02:06:24(UTC)
xtreamforex


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Technical Overview of GBP/USD and EUR/USD Currency Pair

GBP USD

GBP traded higher against USD and closed at 1.2322.

·         Modest flow, +0.1%, at top of a very tight 1.2320/28 range, EUR/GBP -0.1%.

·         Boris's top adviser Cummings; Brexit chaos 'A walk in the park'.

·         EU's Juncker says he and Barnier doing everything possible to get a deal.

·         Britain will be responsible if they exit EU with no Brexit deal.

·         Over a third of small UK companies fear no-deal Brexit hit, FSB.

·         Close below 1.2344, 38.2% of Sept bounce and 1.2351 21 DMA is bearish.

·         Momentum studies, 5 & 10 DMA's fall - next stop is 1.2271 50% Sept rise.

 According to the Analysis, pair is expected to find support at 1.2307 and a fall through could take it to the next support level of 1.2289. The pair is expected to find its first resistance at 1.2367 and a rise through could take it to the next resistance level of 1.2385.


EUR USD


EUR traded lower against USD and closed at 1.0921.

CIBC Research discusses the USD outlook and the Fed rate call expectations. CIBC targets the USD index DXY at 98.9 by year-end and at 95.6 by Q2 of 20120.

"We share the view of many FOMC speakers that rate cuts will be a bit shallower than markets anticipate, with the rate cuts in July and September to be followed by one more 25 bp ease in December, and then a pause," CIBC notes.

"While US data has been a mixed bag, the economy has yet to have a quarter of growth below its non-inflationary potential. American consumers are in a healthy position based on an ample savings rate, low monthly financial obligations, and ongoing labor income growth. That underlying resilience, while not preventing a further slowing in growth, should be bullish for the dollar against overseas currencies in the very near-term, given the deeper risks to growth abroad (i.e. China and Europe), as well as uncertainty surrounding Brexit and trade, that will propel safe haven inflows in the greenback.

Over a longer time horizon, an easing in the appetite for such flows should see DXY give back some of its strength. For that, we’ll need some fiscal stimulus in Europe to reduce its dependence on negative yields, and an easing in US-China trade tensions. Any reduction in the attractiveness of US assets as a safe haven serves to weaken the greenback, given America’s persistent current account deficit," CIBC adds.

According to the Analysis, pair is expected to find support at 1.0911 and a fall through could take it to the next support level of 1.0898. The pair is expected to find its first resistance at 1.0955, and a rise through could take it to the next resistance level of 1.0968.

For More information about the release time of news visit here: https://xtreamforex.com

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