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Offline xtreamforex  
#1 Đã gửi : 14/11/2018 lúc 02:58:55(UTC)
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Cyprus

Highlight of the Day: Due to Geo Political Risk Spik.es EUR and the Pound Remain in the Spot Light

 

Economic information is probably going to possess a comparatively muted impact on the majors through the day, with heightened geo-political risk to drive the EUR and also the GBP.

Earlier in the Day:

Economic data discharged through the Asian session this morning was on the lighter aspect yet again, with key stats restricted to Gregorian calendar month business confidence figures out of Australia.

For the Aussie Dollar, October’s NAB Business Confidence Index stood at 4, easing by 2 points from September’s 6.

·         The business conditions index also fell by 2 points to +12, with business conditions holding well above the average, while business confidence sits below the average.

·         October’s decline was attributed to the employment component

The Aussie Dollar moved from $0.71701 to $0.71736 upon release of the figures before rising to $0.7180 at the time of writing, a gain of 0.10% for the session.

Elsewhere, the Japanese Yen was up 0.11% to ¥113.71 against the U.S Dollar, with the Kiwi Dollar up 0.21% to $0.6724, the Kiwi Dollar finding support in spite of the risk off sentiment across the broader market, with the Asian equity markets on the slide following the overnight losses in the U.S.

The Day Ahead:

For the EUR, economic data consist of finalized October inflation figures out of Germany that are unlikely to have a material impact on the EUR and November economic sentiment numbers out of Germany and the Eurozone, with influence hinged on the Italian Coalition government’s budget submission, which will remain the markets main area of focus.

The deadline is today and uncertainty has tanked the EUR over the last week, the EUR having fallen from $1.14 levels to $1.12 levels.

At the time of writing, the EUR was up 0.13% to $1.233, with noise from Italy and Brussels the key driver for the EUR through the day.

For the Pound, it’s a busier day on the data front, with key stats scheduled for release this morning including September’s wage growth and unemployment rate and October’s claimant count figures.

While the numbers traditionally have a material influence on the Pound, we can expect a relatively muted response this time around, with focus remaining on Brexit through the day, the Pound joining the EUR on a slide, with market jitters over a Brexit no deal weighing.

At the time of writing, the Pound was up 0.11% to $1.2863, with Brexit news the key driver through the day.

Across the Pond, there aren't any material  stats regular for unleash, that leaves Capitol Hill because the key driver, whereas market sentiment towards Brexit and therefore the Italian government may offer more support for the dollar through the day ought to the wires deliver additional dangerous news.

At the time of writing, the dollar Spot Index was up zero.05% to 97.586, with Capitol Hill and geo-political risk in Europe remaining focus through the day.

For the Loonie, with another quiet day on the economic calendar front, fossil oil can still offer direction, with OPEC’s monthly report regular for unleash within the early afternoon.

The Loonie was up zero.09% to C$1.3235 against the U.S dollar at the time of writing, with fossil oil costs the key driver through the day.

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Offline xtreamforex  
#2 Đã gửi : 16/11/2018 lúc 01:03:36(UTC)
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Cyprus

Ahead of EZ CPI Today EUR/USD Moved off the Daily Highs While Brexit Continues to Weigh

EUR/USD was packed down all night over Brexit turmoil with UK ministers quitting their positions in protest to PM May's negotiated deal with the EU that successfully does not get together the UK's electorate's vote.

11.Technical Overview

 EUR/USD

The EUR/USD pair trades slightly up for the day, above the 38.2% retracement of its newest daily decline, with a gentle-positive tone in its 4 hours chart, as the price bounced rapidly after testing its 20 SMA, while technical indicators resumed their advances, maintaining their upward slopes in positive ground but under early highs. Furthermore, the pair remains below firmly bearish 100 and 200 SMA. The 50% retracement at 1.1355 is still in the way for a steeper improvement, while the bearish risk will enhance on a break below 1.1250, with scope then to retest the yearly low at 1.1215.

Support levels: 1.1280 1.1250 1.1215  

Resistance levels:  1.1355 1.1390 1.1425

EUR/USD PRICE SENTIMENT

 

TREND INDEX

OB/OS INDEX

VOLATILY INDEX

15M

Bearish

Neutral

Low

1H

Bullish

Neutral

Low

4H

Bullish

Neutral

Shrinking

1D

Strongly Bearish

Neutral

Low

1W

Strongly Bearish

Oversold

Expanding

 

 

2. Fundamental Overview

The financial world was once again all about the UK and Brexit. Macroeconomic numbers received little consideration and had still less effect on prices. The EUR/USD pair has spent the day trading a few pips either side of 1.1300 level, not capable to create a center of attention from investors. The pair was not yet influenced by some market talks recommending that Italian chief economic advisor, Claudio Borghi, indicated that it was the EU that used made-up numbers to judge Italy's budget and not the other way around, adding that if the League party gets a popular in the next elections, Italy will be the next exiting the EU. There were numerous macroeconomic releases in the US but with mixed results that left depositors clueless. There were some headlines indicating that China made an offer to the US to try to move forward in trade discussions, which helped high yielding assets bounce from daily lows.

US Retail Sales were up by 0.8% MoM in October, beating expectations of 0.5%, even though the September figure was downwardly revised to -0.1%. The core reading, named Retail Sales Control Group was up by 0.3%, below the expected 0.4%. Unemployment claims for the week ended November 9 were up to 216K vs. the 212K expected.  Also, the NY Empire State Manufacturing Index beat expectations by printing 23.3, while the Philadelphia one disappointed with 12.9. This Friday, the EU will publish the final readings of October inflation, foreseen up 0.2% MoM and 2.2% YoY, while the US will release October Industrial Production and Capacity Utilization.

 

Offline xtreamforex  
#3 Đã gửi : 19/11/2018 lúc 03:57:43(UTC)
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Cyprus

Factors Indicating Major Top – U.S. Dollar

The combination of the tame inflation report, comments from Fed Chair Powell on cooling international demand and the dovish comments from Fed Vice Chair Clarida defining that the Fed is acquiring closer to neutral, are all signs the Fed may slow its speed of rate treks and this should be bearish for the U.S. Dollar.

Last week, the U.S. Dollar stopped up lower against a basket of the currencies. Nevertheless, it wasn’t a regular weakness, it was a technical finishing price exchange top, which means the selling was sober. If proved this week, we could see begin of a two to three-week rectification. Additionally, if the selling demands makes physically powerful over the near-term, we could even see alteration in trend to down.

Last week, the December U.S. Dollar Index settled at 96.333, down 0.401 or -0.41%.

Even though it is frequently said, that technical analysis precedes the fundamentals, this time the probably bearish chart example appears to be working in sync with a change in the fundamentals.

For years, we’ve read that the dollar is being supported by the difference of opinion in economic policy between the hawkish U.S. Federal Reserve and the dovish central banks. In other words, rising U.S. interest rates at a time when several central banks are still holding rates at historically low levels, have made the dollar a highly desirable asset.

We’ve also read that at times, the dollar was being treated as a safe-haven asset. The “go to” asset throughout times of financial pressure. This has been a well-liked asset theme in 2018 because of the heightened volatility in the stock market, political uncertainty in Washington and geopolitical indecision over Brexit and the simmering tension between Italy and the European Union. Moreover, the pressure created from the remaining trade dispute between the United States and China, has also illustrate investors into the relative safety of the U.S. Dollar.

Dollar fight backs at 16-month High

Early last week, the U.S. Dollar hit a 16-month high against a basket of currency. The move happened without much fanfare because investors have gotten used to the stronger dollar. The early rally was fueled by safe-haven flows ignited by political uncertainties in Europe and fears of an international financial brake.

The headlines told us that investor self-confidence had been eroded by “bitter trade tensions between the United States and China, fears of a no-deal Brexit, and a confrontation between Rome and Brussels over Italy’s deficit-deepening financial statement.”

Three Factors Pressured the U.S. Dollar Last Week

The dollar index started strong on Monday, but many investors discounted the move because it was a U.S. holiday. Tuesday, the dollar index came to an end lower but inside the preceding day’s range. On Wednesday, the selling started. This move set the tone for the rest of the week.

What happened Wednesday that changed investor response?

Inflation May Not Be Overheating

The administration reported that U.S. consumer prices amplified by the majority in nine months in October. The report showed that the increase was supported by increase in the price of gasoline and rents. This further supported the conception that progressively rising inflation would likely keep the Federal Reserve on track to raise interest rates again in December.

Despite this potentially bullish news, the dollar finished lower. The reason for this was the news was stale. It didn’t reproduce the slouch in crude oil and gasoline prices. So moving further, we expect to see overall inflation slow in the months ahead. This news may also be a suggestion that inflation is not overheating. It may also put less pressure on the Fed to raise rates forcefully in 2019.

Powell Sees Risks Ahead

Comments from Federal Reserve Chairman Jerome Powell may have also weakened the U.S. Dollar. He said on November 14 that the financial system is performing well, but he sees potential risks in front. These risks contain a hold up in worldwide growth, the fading impact from tax cuts and the cumulative weight of the Fed’s own tightening financial policy.

Fed’s Clarida May Have Sealed Dollar’s Fate

On Friday, the dollar index chop down further, leading to the lower weekly close. The greenback sold off after Fed Vice-Chair Richard Clarida cautioned on global growth. Clarida said the Fed is getting closer to neutral and that there is “some evidence” that the international financial system is slowing.

The outlook for Dollar Bearish

The combination of the tame inflation report, comments from Fed Chair Powell on cooling global demand and the dovish comments from Fed Vice Chair Clarida stating the Fed is getting closer to neutral, are all signs the Fed may slow its pace of rate hikes and this should be bearish for the U.S. Dollar.

 

Offline xtreamforex  
#4 Đã gửi : 20/11/2018 lúc 12:31:17(UTC)
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Key Highlights of Cardano’s ADA Technical Analysis

 It’s an unhurried beginning for Cardano’s ADA early on, but should the extensive market hold onto early increase, a run at $0.06 levels could be on the cards.

Key Highlights

·        Cardano’s ADA dropped by 15.5% on Monday, following on from last week’s 19.1% slide, to end the day at $0.0527.

·        The day’s first most important confrontation level at $0.0638 was left unproven with a start of a day intraday high $0.06242.

·        A day long sell-off saw Cardano’s ADA slide through the day’s foremost support levels to an intraday low $0.05079 ahead of finding support at $0.0500.

·        The extended bearish movement was reaffirmed with a new move to and fro lo $0.05079, with Cardano’s ADA also continuing to fall well short of the 23.6% FIB Retracement Level of $0.1305.

 

Price Support of Cardano’s ADA

 Cardano’s ADA dropped by 15.5% on Monday, following on from a 19.1% slide from side to side last week, to end the day at $0.0527.

It was a predominantly bearish day at the begin of the week, with Cardano’s ADA following the extensive market in a mass sell-off, sliding from a start of a day intraday high $0.06424 to a late afternoon intraday low and new swing lo $0.05079 earlier than finding support.

The day long sell-off saw Cardano’s ADA fall through the day’s most important support levels with qualified ease, Cardano’s ADA not capable to break back from end to end the day’s third main support level at $0.0567 by the day’s end, support at $0.0500 avoiding heavier losses on the day.

A new move back and forth lo $0.05079 reaffirmed the comprehensive bearish trend formed at early May’s swing hi $0.38845, with Cardano’s ADA falling well short of the 23.6% FIB Retracement Level of $0.1305 and more prominently for the crypto bulls, the 38.2% FIB Retracement Level of $0.1798.

At the time of writing, Cardano’s ADA was up 0.35% to $0.052883, a reasonably range jump start to the day seeing Cardano’s ADA rise to a start of a day morning high $0.05375 prior to easing back to a morning low $0.052, the moves through the early morning leaving the day’s main support and resistance levels untested.

For the day ahead, a move back through the morning high $0.05375 to $0.0553 would support a run at the day’s first major resistance level at $0.0598, with Cardano’s ADA lagging the broader market early on, supporting a possible catchup move should sentiment remain positive through the late morning, though we can expect plenty of resistance at $0.060 to pin Cardano’s ADA from more material gains.

Failure to maneuver through the morning high $0.05375 to $0.0553 might see Cardano’s ADA come back on the spot later within the day, with a pullback through the morning low $0.052 conveyance Monday’s swing lo $0.05079 and sub-$0.050 levels into play before any recovery, the day’s 1st major damage at $0.0482 possible to stop a additional material reversal within the event of a broad primarily based crypto sell-off later within the day.

Offline xtreamforex  
#5 Đã gửi : 23/11/2018 lúc 12:14:42(UTC)
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Retail Sales Does Not Get Affected from Holiday Even, Increase in the Prices of Natural Gas, Economical Gasoline


I think Trump could cause the begin of a Santa Claus rally to save his management and enhance his re-election probability as early as December 1 if he hits a buy and sell deal with China at the G-20 summit in Argentina.

There are no major earning reports of major earning report as The U.S. financial market is closed for business on Thursday for the Thanksgiving holiday. This is expected to go ahead to a low volume directionless trade in the Forex markets. The banks in Japan are also on holiday, adding more to hopes of light trading and well-below average volatility.

On the other hand, even with the holiday, one can’t get away the markets. At some time throughout this short break you will be thinking about Black Friday retail sales, rising natural gas prices, low-priced crude oil and gasoline and a possible Santa Claus rally.

Focus Will be on Retailers

Although U.S. trading will resume on Friday, number and volatility are likely to be limited a second day, which is distinctive at the start of the more than month-long holiday period. Tomorrow is also Black Friday, which is a very essential day for U.S. retailers. The name says it all. It’s called Black Friday because sales are often large sufficient to make a business profitable, or put a retailer “in the black” for the year.

Being “in the black” is very essential this year to U.S. retailers. Just ask Sears, which is on the brink of bankruptcy. We all saw what take placed in the U.S. stock markets on Tuesday. The Dow dropped over 500 points and turned negative for the year. Traders said one of the factors driving the blue chip average lower was an earnings miss by U.S. retailer objective.

Target shares fell 10.5 percent after reporting weaker-than-expected earnings for the preceding quarter. The company also posted lighter-than-estimate same-store sales, which is a key metric for retailers.

The Target news broadens transversely the U.S. Retail sector rather speedily sending the SPDR S&P Retail ETF (XRT) down 3.4 percent. Other retailers like Kohl’s, L Brands and Macy’s also fell 9.2 percent, 17.7 percent and 3.4 percent, correspondingly.

So if you’re looking for the next event that could make or break the stock market into the end of the year, watch the Black Friday sales results.

Record Cold Could Limit Retail Sales in the East

If you live in the northern U.S. particularly on the East Coast then your option will be to shop or stay indoors. If you choose to shop then you’ll be helping the economy. If you choose to stay at home then you’ll be enjoying the heat created by costly natural gas.

Heating costs are expected to increase sharply this winter because natural gas inventories are well below their one-year and five-year averages. Additionally, winter has arrived weeks earlier this year, putting supply issues at the forefront.

Will There Be a Santa Claus Rally in the Stock Market?

I have not eliminated a Santa Claus Rally in the stock market just yet. Given the results of the mid-term elections, President Trump’s endorsement numbers, the threat of accusation, the Mueller investigation and warnings about a recession, I think Trump could trigger the start of a Santa Claus rally to save his presidency and increase his re-election chances as early as December 1 if he hits a trade deal with China at the G-20 summit in Argentina.

Offline xtreamforex  
#6 Đã gửi : 26/11/2018 lúc 11:56:42(UTC)
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AUD/USD Technical Analysis: Cutting Away at the 100-Day SMA Resistance Line

  • The AUD/USD is attempting a break higher than the 100-day simple moving average (SMA) obstacle of 0.7247, having bounced off strongly from the bullish (ascending) 20-day SMA of 0.7226 earlier today.
  • The strong jump from the 20-day SMA has indeed neutralized the bearish outlook put forward by the rising channel breakdown witnessed on Nov. 20.
  • A bullish restoration, however, would be authenticated above 0.73 (the neckline hurdle of the inverse head-and-shoulders pattern). That move could happen if the international equity markets trade on the offensive, as recommended by the 0.5 percent rise in the S&P 500 futures in Asia.
  • The daily MACD has deviated in support of the bears. As a result, the probability of pair confirming bullish revival above 0.73 in the short-term is pretty low. 

AUD/USD

·         Overview:
    Today Last Price: 0.7245
    Today Daily change: 15 pips
    Today Daily change %: 0.207%
    Today Daily Open: 0.723
Trends:
    Earlier Daily SMA20: 0.7217
    Earlier Daily SMA50: 0.7178
    Earlier Daily SMA100: 0.725
    Earlier Daily SMA200: 0.7439
Levels:
    Earlier Daily High: 0.7261
    Earlier Daily Low: 0.7218
    Earlier Weekly High: 0.7327
    Earlier Weekly Low: 0.7202
    Previous Monthly High: 0.724
    Previous Monthly Low: 0.702
    Previous Daily Fibonacci 38.2%: 0.7235
    Previous Daily Fibonacci 61.8%: 0.7245
    Previous Daily Pivot Point S1: 0.7212
    Previous Daily Pivot Point S2: 0.7194
    Previous Daily Pivot Point S3: 0.717
    Previous Daily Pivot Point R1: 0.7255
    Previous Daily Pivot Point R2: 0.7279
    Previous Daily Pivot Point R3: 0.7297

 

Offline xtreamforex  
#7 Đã gửi : 27/11/2018 lúc 12:23:18(UTC)
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Trade War Rhetoric and Brexit Chatter to maintain the USD and GBP in Action

Trump talks of more tariffs as the G20 Summit come up to, with Brexit chatter ongoing to pin the Pound back on probabilities of the deal being thrown out.

 

 Earlier in the Day:

Economic data discharged through the Asian session this morning was restricted to October trade figures out of New Zealand.

 

For the Kiwi Dollar, there was more bad news following some mainly disappointing 3rd quarter retail sales figures released on Monday, with the trade shortage widening in October, year-on-year, from NZ$5,330m to NZ$5,790m, which is the highest annual trade deficit since October 2007.

According to NZ Stats:

·         Monthly introduces hit a record NZ$6.2bn in October, rising above September’s preceding record high NZ$5.9bn, the continued rise featured to higher prices for crude oil and a pullback in the Kiwi Dollar.

 

·         Import values for October were NZ$758 (14%) higher than in October 2017, with the increase spread across a range of commodities, through petroleum and producers were the main contributor, up NZ$257m (68%).

 

·         On the export front, total exports rose by NZ$303m (6.6%) in October to NZ$4.9bn compared with October 2017, with exports sitting at their highest level for any October month.

 

·         The increase in exports was attributed to fruit exports (NZ$204m) and kiwifruit exports in particular (NZ$112m).

 

·         The monthly trade insufficiency narrowed from NZ$1.596m to NZ$1.205m, which was inferior than a forecasted narrowing to an NZ$850m deficit.

 

At the time of writing, the Kiwi Dollar moved from $0.67734 to $0.67694 upon discharge of the figures before falling to $0.67761, marking a 0.13% loss for the session.

Elsewhere, the Japanese Yen stood at ¥113.43 against the U.S Dollar, a gain of 0.13% for the session, while the Aussie Dollar was down 0.03% to $0.7219, talk of Trump going at the forefront with the January 1st, 2019 tariffs a negative start to the day to weigh on risk appetite.

In the equity markets, the Hang Seng saw red early on, down 0.49%, while the rest of the majors held onto early gains, the Nikkei and CSI300 both up by 0.09%, while the ASX200 gained 0.36%, moderately reversing Monday’s slide, with the gains in the U.S and Europe providing little support ahead of the G20, as Trump lay’s down the fundamentals to trade talks with more tariff chatter at the start of the week.

The Day Ahead:

For the EUR, economic data is limited to jobseeker numbers out of France that are unlikely to have a material impact on the EUR through the day, with focus likely to remain on Italy and general outlook towards the economic outlook, which could cause the ECB to pause on its financial policy plans for next year should conditions go down further.At the time of writing, the EUR was up 0.03% to $1.1331, with geo-political risk and chatter on Italy the key drivers through the day.

 

For the Pound, it’s another quiet day on the data front, leaving the markets to continue to focus on Theresa May and her progress on home soil to convince MPs to shift on their current stance on the deal to drive through the Brexit deal in the announced 11th December parliamentary vote, the current vote count going heavily against Theresa May’s widely criticised deal.

At the time of writing, the Pound was down 0.14% at $1.2809, with Brexit news the key driver through the day.

 

Across the Pond, economic data released through the day incorporates September housing sector figures and November’s consumer self-assurance numbers.

While focus will likely stay behind on the consumer confidence numbers, which comes in the wake of the mid-term elections and a choppy period in the U.S equity markets, in housing sector number we will also anticipate some Dollar sensitivity, weaker house price development likely to consider on the Dollar.

On the policy front, FOMC members Bostic and George are planned to verbalize late in the day that could also manipulate, any continued increase in dovish FOMC members positively not supportive of a bullish Dollar.

At the time of writing, the Dollar Spot Index was down 0.01% to 97.06, with today’s stats and any trade war chatter ahead of Friday and Saturday’s G20 Summit likely to be the key drivers through the day.

For the Loonie, another quiet day ahead, leaves the Loonie in the hands of market risk appetite and direction in crude oil prices in particular.

The Loonie was down 0.04% to C$1.3260 against the U.S Dollar at the time of writing.

Offline xtreamforex  
#8 Đã gửi : 28/11/2018 lúc 12:02:50(UTC)
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Attention again goes in Put Options (Bearish Bets) as Gold Hits its 12-Day Low

Ø  Gold's price knock down to 12-day lows during the night trade, indicating an end of the corrective bounce from $1,196.

Ø  This Price Drop of Gold seems to have revived interest in Put Options.

 

·         Gold knock down to $1,212 in the overnight trade - a point last seen on Nov. 16 - as the greenback picked up a bid on hawkish comments by Fed's Vice Chair Clarida.

 

·         Notably, the drop to 12-day lows point towards the counteractive bounce from the Nov. 13 low of $1,196 has likely ended at $1,230 and the bears have reclaimed control.

·         Adding credence to that view is the increase in implied instability premium for the XAU put options. As of writing, the XAU/USD three-month 25 delta risk turnarounds are trading at -0.125 in support of puts vs 0.325 in support of calls seen on Nov. 26

·         The negative reading point towards the implied instability premium (or demand) for put options is more than that for calls.

 

·         So, it appears safe to say that the options market has rotated bearish on the yellow metal. In other words, investors are likely expecting a deeper fall in gold and hence are buying downside defense.

 

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#9 Đã gửi : 29/11/2018 lúc 11:55:53(UTC)
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In Previous Three Days USD/JPY Hits Lowest Price Below 113.50

The USD/JPY pair recommenced its decline and breaks the 113.50 support in the Asian trading, as the USD bears recovered poise amid dovish remarks by the Fed Chair Powell while markets pay no attention to the risk-on action on the equities.

1. Technical Overview

The increasing momentum seen in the last few days continues easing according to technical readings in the 4 hours chart, where signs are in frank retracement straight from overbought readings and now nearing their midlines. The 100 SMA in the mentioned chart lacks directional force a few pips under the current level, at around 113.35, providing an instantaneous short-term support, as a break below it will likely worsen the decline. The 200 SMA is also aimless at around 112.90, with bulls possibly giving up on a break below this last.

Support levels: 113.35 112.90 112.55

Resistance levels: 113.75 114.05 114.50

SUPPORT & RESISTANCE

USD/JPY

S1      113.720            W       R3       115.870                        S

S2      112.9000         M       R2        114.8800        M

S3      111.9100          S       R1         113.9600         W

 

Offline xtreamforex  
#10 Đã gửi : 30/11/2018 lúc 11:35:51(UTC)
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Why Trade Forex

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In Forex Trading, Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. With the help of Leverage you can choose trades to larger positions.

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As in Future Market lot or contract sizes are determined by exchanges but in Forex Trading you can take decision how bigger or smaller lot size you need to open a trade.

 High Liquidity in the Market

Because the forex market is so vast, it is also exceptionally liquid. This is an benefit because it means that under normal market conditions, with a click of a mouse you can immediately buy and sell at will as there will frequently be someone in the market willing to take the other side of your trade.

 

Forex Market is one of the Largest International Financial Market in the world. To make large profit Open an account with Best Forex Brokers.

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#11 Đã gửi : 03/12/2018 lúc 11:51:59(UTC)
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Technical Analysis of Three Currency Pairs

EUR USD

According to analysis, The EUR/USD fell close to 90 pips on Friday, counteracting the bullish view put ahead by the outside-day reversal. That bearish move has founded Thursday's high of 1.1402 as the level to beat for the bulls, that is, the rally from the Nov. 28 low of 1.1267 is seen resuming above 1.1402.

Overview:
    
Today Last Price: 1.1352
    Today Daily change: 30 pips
    Today Daily change %: 0.265%
    Today Daily Open: 1.1322

GBP/USD

GBP/USD Technical readings in the chart continue the risk twisted to the downward, as the pair is developing far under moving averages, while the RSI pointer resumed its decline, now gaining descending traction at around 42. The risk of a descending extension will add on a break below 1.2724, November 27th daily low.

Support levels: 1.2725 1.2690 1.2665

Resistance levels: 1.2770 1.2805 1.2840

USD/JPY

According to Technical Readings the USD/JPY pair pared back increases to close the bullish opening gap, now roundabout near 113.55 regions on distinguished US dollar supply, as the US-China trade break boosts the demand for the riskier currencies. 

Support levels: 113.20 112.90 112.55

Resistance levels: 113.60 114.05 114.50

 

 

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#12 Đã gửi : 04/12/2018 lúc 11:46:42(UTC)
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Cryptocurrency Market Overview: Bitcoin is running toward Multi Month Lows

  • Bitcoin is down 3.4% after a sharp sell-off on Monday.
  • Altcoins are pulled down by Bitcoin underperformance.

·         Bitcoin and other major digital assets continued the downside drift on Monday with a little break during Asian hours on Tuesday. The total market value of all digital coins in transmission dropped to $126B from $130B the day before. The green shoots of revitalization have died away amid resumed bearish feelings.

·         Bitcoin is floating at $3,833 at the time of writing. While the price of the major digital coin has hardly changed since the beginning of Tuesday, it is 3.4% under the levels registered this time on Monday. BTC/USD is running fast towards multi-month low under $3,500.

·         Ethereum stays at $107.7, over 4% lower on a day-to-day basis and remains same since the beginning of Tuesday. The third largest coin with a market value of $11.2B is awkwardly close to a significant $100.00. The coin is dragged down by Bitcoin deficit and overall bearish sentiments that grasped the market.

·         Ripple's XRP is floating around $0.3500 handle, down 3.5% in recent 24 hours. The coin goes down as low as $0.3465 throughout early Asian hours but handled to improve since that time amid short-term bullish trend. However, the upside momentum is too weak to take the price well above the current $0.3500.

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#13 Đã gửi : 05/12/2018 lúc 02:14:46(UTC)
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Technical Overview of EUR/USD, GBP/USD and USD/JPY Currency Pairs

 

Eur usd

The EUR traded lower against the USD and closed at 1.1341The positive momentum in high-yielding assets triggered by weekend news related to the trade war was faded throughout the day, with most major indexes closing in the red.Need to monitor ECB president Draghi’s Speech and its impact on the prices of Eur.

 According to the Analysis, The pair is expected to find support at 1.13005, and a fall through could take it to the next support level of 1.12572. The pair is expected to find its first resistance at 1.14000, and a rise through could take it to the next resistance level of 1.14586. Precious Day range was 99.5 and Current Day Range is 23.1

GBP USD


The GBP traded lower against the USD and closed at 1.2711, after the Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. According to the news, reading is above fifty which means service sector is expanding, but lower than expected forecast (53.3, 52.2) which is bearish for GBP. 

The pair is expected to find support at 1.2686, and a fall through could take it to the next support level of 1.2669. The pair is expected to find its first resistance at 1.28122, and a rise through could take it to the next resistance level of 1.29147.

 GBP/USD previous Day range was 180.1 and Current Day Range is 40.1

USD JPY


The USD strengthened 0.22% against the JPY and closed at 112.771.

The Japanese Yen has benefitted this week from a surge in risk aversion which has seen USD/JPY retreat all the way back down to the dominant uptrend line.

 The pair is expected to find support at 112.343, and a fall through could take it to the next support level of 111.908. The pair is expected to find its first resistance at 113.422, and a rise through could take it to the next resistance level of 114.078.

 

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#14 Đã gửi : 06/12/2018 lúc 12:47:20(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

 

Eur usd

The EUR traded a bit lower against the USD and closed at 1.1344

Need to monitor Fed’s Powell Speech and its impact on the prices of USD.

 According to the Analysis, The pair is expected to find support at 1.13157, and a fall through could take it to the next support level of 1.12876. The pair is expected to find its first resistance at 1.13664, and a rise through could take it to the next resistance level of 1.13884. Precious Day range was 50 and Current Day Range is 12.6.

 AUD USD


The AUD traded lower against the USD and closed at 0.7265, The trade balance released by the 
Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. 

 The pair is expected to find support at 0.72311, and a fall through could take it to the next support level of 0.71949. The pair is expected to find its first resistance at 0.73267, and a rise through could take it to the next resistance level of 0.73887.

 AUD/USD previous Day range was 95.9 and Current Day Range is 55.7.

USD CAD

The USD strengthened 0.33% against the CAD and closed at 1.3353.

For CAD today’s events to keep an eye are Boc Governor Poloz Speech and Ivey Purchasing Managers Index s.a (Nov).

 According to the analysis, USD/CAD pair is expected to find support at 1.32704, and a fall through could take it to the next support level of 1.31880. The pair is expected to find its first resistance at 1.34165, and a rise through could take it to the next resistance level of 1.34788.

 USD/CAD previous day range was 146.7 and current day range is 52.6.

 

 

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#15 Đã gửi : 10/12/2018 lúc 11:59:01(UTC)
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Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

 

USD CAD


The USD traded a bit lower against the CAD and closed at 1.3319.

Today, 6:30, and at 12:45. The Deputy Governor of the Bank of Canada will speak in Istanbul, Turkey. He will have the opportunity to comment on the excellent jobs report published on Friday, which seems much better than the dovish tone of the BOC decision.

According to the Analysis, The pair is expected to find support at 1.32480, and a fall through could take it to the next support level of 1.31774. The pair is expected to find its first resistance at 1.33945, and a rise through could take it to the next resistance level of 1.34701. Previous Day range was 146.8 and Current Day Range is 36.9.

 

AUD USD


The AUD traded bit higher against the USD and closed at 0.7201.

 

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

The pair is expected to find support at 0.71852, and a fall through could take it to the next support level of 0.71694. The pair is expected to find its first resistance at 0.72281, and a rise through could take it to the next resistance level of 0.72569.

AUD/USD previous Day range was 43.6 and Current Day Range is 44.9.

 

USD JPY


The USD traded lower against JPY and closed at 112.687.

 

Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.

GDP growth can have a positive effect on yen quotes.

 

According to the analysis, USD/JPY pair is expected to find support at 112.517, and a fall through could take it to the next support level of 112.350. The pair is expected to find its first resistance at 112.887, and a rise through could take it to the next resistance level of 113.090.

 

USD/JPY previous day range was 3700 and current day range is 4340.

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#16 Đã gửi : 12/12/2018 lúc 12:40:25(UTC)
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Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

 

USD CAD


The USD traded a bit lower against the CAD and closed at 1.3389.

Consumer Price Index (CPI) m/m reflects changes in prices of a basket of consumer goods and services in the given month compared to the previous one. According to the Analysis, The pair is expected to find support at 1.33700, and a fall through could take it to the next support level of 1.33512. The pair is expected to find its first resistance at 1.341575, and a rise through could take it to the next resistance level of 1.34420. Previous Day range was 45.7 and Current Day Range is 26.5.

 

 AUD USD


The AUD traded bit higher against the USD and closed at 0.7202.

 

The pair is expected to find support at 0.71817, and a fall through could take it to the next support level of 0.71594. The pair is expected to find its first resistance at 0.72235, and a rise through could take it to the next resistance level of 0.72447.

 AUD/USD previous Day range was 42.1 and Current Day Range is 32.5.

USD JPY


The USD traded higher against JPY and closed at 113.317.

 Tertiary Industry Index m/m reflects changes in the Japanese domestic service sector in the given month compared to the previous one. The index calculation includes all key service sectors, such as information and communications, energy, utilities, transportation, finance, insurance, tourism, banking, education, etc.

 According to the analysis, USD/JPY pair is expected to find support at 113.096, and a fall through could take it to the next support level of 112.823. The pair is expected to find its first resistance at 113.550, and a rise through could take it to the next resistance level of 113.733.

 USD/JPY previous day range was 4550 and current day range is 1980.

 

 

 

 

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#17 Đã gửi : 13/12/2018 lúc 02:57:58(UTC)
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Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

 

Eur usd


The EUR traded a bit lower against the USD and closed at 1.1368.

 

Today ECB Deposit Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The regulator takes decisions on deposit rates depending on the inflationary outlook and economic growth.

 EU Leaders Summit is a regular two-day meeting of EU leaders and senior officials. Press conferences and open meetings of participants are held during the event. Depending on the events discussed at the summit, as well as political and economic rhetoric of the participants, euro quotes may change for a short time.

According to the Analysis, The pair is expected to find support at 1.13266, and a fall through could take it to the next support level of 1.12856. The pair is expected to find its first resistance at 1.13974, and a rise through could take it to the next resistance level of 1.14268. Previous Day range was 70.5 and Current Day Range is 11.1.

 GBP USD


The GBP traded lower against the USD and closed at 1.2624.

 Retail Sales m/m reflects a change in the US retail sales 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.

 The pair is expected to find support at 1.25102, and a fall through could take it to the next support level of 1.23943. The pair is expected to find its first resistance at 1.27020, and a rise through could take it to the next resistance level of 1.27797.

 GBP/USD previous Day range was 191.2 and Current Day Range is 35.2.

USD CHF


The USD traded higher against CHF and closed at 0.9933.

 Swiss National Bank (SNB) Interest Rate Decision is announced four times a year during SNB governing board meeting. The decision depends on the existing inflationary outlook and economic growth.

Interest rate growth can have a positive impact on CHF quotes.

 According to the analysis, USD/CHF pair is expected to find support at 0.99084, and a fall through could take it to the next support level of 0.98846. The pair is expected to find its first resistance at 0.99609, and a rise through could take it to the next resistance level of 0.99891.

 USD/CHF previous day range was 52.3 and current day range is 20.2.

 

 

 

 

 

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#18 Đã gửi : 14/12/2018 lúc 01:34:01(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

 EUR USD


The EUR traded a bit lower against the USD and closed at 1.1357.

 

The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.

 According to the Analysis, The pair is expected to find support at 1.13277, and a fall through could take it to the next support level of 1.12998. The pair is expected to find its first resistance at 1.13885, and a rise through could take it to the next resistance level of 1.14200. Previous Day range was 60.1 and Current Day Range is 8.7.

 AUD USD


The AUD traded lower against the USD and closed at 0.7226.

 A bear flag breakdown seen in the AUD/USD's chart is indicating that the sell-off from the Dec. 4 high of 0.7392 has resumed and the psychological level of $0.70 could be put to test soon.

 The drop to 0.70 could happen before the end of the year if the Fed retains hawkish stance next week, squashing expectations of a 2019 rate hike pause.

 The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods.

The Actual & Deviation History chart tells you if an economic data surprised the market in the past compared to its expectation (consensus). A surprise generally generates a bigger impact (more movements) in the markets, includingcurrencies.

 The pair is expected to find support at 0.72101, and a fall through could take it to the next support level of 0.71939. The pair is expected to find its first resistance at 0.72444, and a rise through could take it to the next resistance level of 0.72621.

 AUD/USD previous Day range was 34.2 and Current Day Range is 49.2.

USD CAD


The USD traded higher against CAD and closed at 1.3353.

 Upcoming Event The Consumer Price Index Core will be 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, USD/CAD pair is expected to find support at 1.33324, and a fall through could take it to the next support level of 1.33123. The pair is expected to find its first resistance at 1.33776, and a rise through could take it to the next resistance level of 1.34035.

 USD/CAD previous day range was 45.5 and current day range is 26.9.

 

 

 

 

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#19 Đã gửi : 17/12/2018 lúc 12:59:20(UTC)
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Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

 USD CAD


The USD traded lower against the CAD and closed at 1.3394.

 

NAHB Housing Market Index is released by the National Association of Home Builders. It presents home sales and expected home buildings in the future indicating housing market trend in the United States. The growth rate of the housing market affects the USD volatility. Normally, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

 According to the Analysis, The pair is expected to find support at 1.33594, and a fall through could take it to the next support level of 1.33248. The pair is expected to find its first resistance at 1.34141, and a rise through could take it to the next resistance level of 1.34353. Previous Day range was 55 and Current Day Range is 15.2.

 AUD USD


The AUD traded lower against the USD and closed at 0.7173.

 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.

 The pair is expected to find support at 0.72395, and a fall through could take it to the next support level of 0.71063. The pair is expected to find its first resistance at 0.72167, and a rise through could take it to the next resistance level of 0.72604.

 AUD/USD previous Day range was 76.8 and Current Day Range is 13.


USD JPY

The USD traded higher against JPY and closed at 113.397.

 The Adjusted Merchandise Trade Balance is released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependent on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish).

 According to the analysis, USD/JPY pair is expected to find support at 113.182, and a fall through could take it to the next support level of 112.969. The pair is expected to find its first resistance at 113.635, and a rise through could take it to the next resistance level of 113.881.

 USD/JPY previous day range was 4550 and current day range is 1870.

 

 

 

 

 

 

 

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#20 Đã gửi : 18/12/2018 lúc 01:19:43(UTC)
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Technical Overview of Gold and Bitcoin

 

GOLD

 

The XAU traded higher against the USD.x and closed at 1242.86.

 According to the Analysis, The XAU/USD.X pair is expected to find support at 1236.29, and a fall through could take it to the next support level of 1229.90. The pair is expected to find its first resistance at 1248.64, and a rise through could take it to the next resistance level of 1254.43. Previous Day range was 12.33 and Current Day Range is 38100.

 Bitcoin

 

The BTC traded higher against USD and closed at 3616.07

 According to the Analysis, The BTC/USD pair is expected to find support at 3352.19, and a fall through could take it to the next support level of 3037.40. The pair is expected to find its first resistance at 3800.47, and a rise through could take it to the next resistance level of 3986.81. Previous Day range was 450.34 and Current Day Range is 76.82.

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#21 Đã gửi : 19/12/2018 lúc 01:31:18(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/JPY Currency Pairs

 

Eur usd


The EUR traded higher against the USD and closed at 1.136.

 

Producer Price Index (PPI) m/m reflects an average change in goods selling prices from the producer perspective in Germany, in the reported month compared to the previous month. A higher than expected reading can be seen as positive for the euro quotes.

 According to the Analysis, The pair is expected to find support at 1.13307, and a fall through could take it to the next support level of 1.13017. The pair is expected to find its first resistance at 1.13952, and a rise through could take it to the next resistance level of 1.14309. Previous Day range was 64.5 and Current Day Range is 26.9.

 AUD USD


The AUD traded a bit higher against the USD and closed at 0.7178.

 

Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.

The report is used to evaluate the US real estate market.

The indicator growth can have a positive effect on US dollar quotes.

 

The pair is expected to find support at 0.71607, and a fall through could take it to the next support level of 0.71435. The pair is expected to find its first resistance at 0.71984, and a rise through could take it to the next resistance level of 0.72199.

 AUD/USD previous Day range was 38.2 and Current Day Range is 26.2.

USD JPY


The USD traded lower against JPY and closed at 112.509.

 The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

 According to the analysis, USD/JPY pair is expected to find support at 112.222, and a fall through could take it to the next support level of 111.931. The pair is expected to find its first resistance at 112.817, and a rise through could take it to the next resistance level of 113.132.

 USD/JPY previous day range was 6030 and current day range is 3930.

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#22 Đã gửi : 20/12/2018 lúc 02:26:52(UTC)
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Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

 

USD CAD


The USD traded higher against the CAD and closed at 1.3484.

 

In Canada, the organizations and people that affect the most the moves of the pair are:

·         Bank of Canada (BoC, Canada’s Central bank) that issues statements and decides on the interest rates of the country. Its president is Stephen Poloz.

·         Canadian Government (headed by Justin Trudeau) and its Department of Finance (whose minister is Bill Morneau) that implement policies that affect the economy of the country.

·         CAPP (Canadian Association of Petroleum Producers): Canada being a prominent oil and natural gas producer, the trade organization of that industry is very important.

 According to the Analysis, The pair is expected to find support at 1.34306, and a fall through could take it to the next support level of 1.33774. The pair is expected to find its first resistance at 1.35216, and a rise through could take it to the next resistance level of 1.35594. Previous Day range was 91 and Current Day Range is 30.1.

 GBP USD


The British Pound traded a bit higher against the USD and closed at 1.2608.

 The FOMC's decision was unanimous, hiking rates by 25 basis points to 2.25% - 2.50%, repeating in the statement that risks to the economy appear 'roughly balanced' and will "continue to monitor economic and financial conditions for their effects on the economic outlook."

 The pair is expected to find support at 1.25840, and a fall through could take it to the next support level of 1.25600. The pair is expected to find its first resistance at 1.26543, and a rise through could take it to the next resistance level of 1.27006.

 GBP/USD previous Day range was 70.3 and Current Day Range is 25.


USD JPY


The USD traded lower against JPY and closed at 112.47.

 The USD/JPY is barely moving after the Bank of Japan's (BOJ) status quo announcement. The Japanese central bank offered little hawkish or dovish surprises by keeping its short-term rate target at minus 0.1 percent and the 10-year yield target around zero percent under a policy dubbed yield curve control (YCC).

Moreover, the BOJ is stuck between the rock and a hard place - maintaining current stimulus is proving costly, however, there is limited scope for policy normalization amid signs of global economic slowdown and ahead of next year's consumption tax hike.

 According to the analysis, USD/JPY pair is expected to find support at 112.155, and a fall through could take it to the next support level of 111.840. The pair is expected to find its first resistance at 112.720, and a rise through could take it to the next resistance level of 112.970.

 USD/JPY previous day range was 5650 and current day range is 3400.

 

 

 

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#23 Đã gửi : 21/12/2018 lúc 01:28:39(UTC)
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Technical Overview of AUD/USD, EUR/USD and USD/CAD Currency Pairs

 AUD USD


The AUD traded higher against the USD and closed at 1.3484.

 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.

GDP growth can have a positive effect on dollar quotes.

 According to the Analysis, The pair is expected to find support at 0.70794, and a fall through could take it to the next support level of 0.70513. The pair is expected to find its first resistance at 0.71421, and a rise through could take it to the next resistance level of 0.71767. Previous Day range was 62.7 and Current Day Range is 20.2.

 

 EUR USD


The EUR traded a bit higher against the USD and closed at 1.1446.

 France Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter. The GDP is calculated based on statistical information (using national economic indicators), forecast models and expert evaluations. GDP growth can have a positive effect on euro quotes.

 The pair is expected to find support at 1.3826, and a fall through could take it to the next support level of 1.13185. The pair is expected to find its first resistance at 1.14969, and a rise through could take it to the next resistance level of 1.15480.

 EUR/USD previous Day range was 114.3 and Current Day Range is 18.2.


USD CAD


The USD traded lower against CAD and closed at 1.3508.

 Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.

GDP growth can have a positive effect on CAD quotes.

According to the analysis, USD/CAD pair is expected to find support at 1.34592, and a fall through could take it to the next support level of 1.34106. The pair is expected to find its first resistance at 1.35433, and a rise through could take it to the next resistance level of 1.35788.

 USD/CAD previous day range was 84.1 and current day range is 15.7.

 

 

 

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#24 Đã gửi : 24/12/2018 lúc 02:23:51(UTC)
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Technical Overview of EUR/USD, USD/CHF and USD/JPY Currency Pairs

 

Eur usd

The EUR traded higher against the USD and closed at 1.1366.

 

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

 

According to the Analysis, The pair is expected to find support at 1.13234, and a fall through could take it to the next support level of 1.12812. The pair is expected to find its first resistance at 1.14406, and a rise through could take it to the next resistance level of 1.15156. Previous Day range was 117.2 and Current Day Range is 30.6.

 USD CHF


The USD traded a bit lower against the CHF and closed at 0.9955.

 KOF Switzerland Economic Barometer provides a composite economic outlook for the next six months. The indicator calculation formula includes about 200 statistical values. The list of variables is revised annually. The main criterion for selecting a variable is its influence on the national economy and business cycles.

The indicator growth can have a positive effect on CHF quotes.

 The pair is expected to find support at 0.98922, and a fall through could take it to the next support level of 0.98289. The pair is expected to find its first resistance at 0.99877, and a rise through could take it to the next resistance level of 1.00199.

 USD/CHF previous Day range was 95.5 and Current Day Range is 17.6.

USD JPY


The USD traded lower against JPY and closed at 111.209.

 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, USD/JPY pair is expected to find support at 110.946, and a fall through could take it to the next support level of 110.684. The pair is expected to find its first resistance at 111.463, and a rise through could take it to the next resistance level of 111.718.

 USD/JPY previous day range was 5170 and current day range is 2240.

 

 

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#25 Đã gửi : 26/12/2018 lúc 02:48:26(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

 

Eur usd


The EUR traded higher against the USD and closed at 1.1400.

 Jobseekers Total reflects the total number of unemployed French citizens registered with the National Employment Agency (Pôle emploi). Unemployment data is published at the end of the month. The indicator growth is usually accompanied with a decrease in the purchasing power of the population, which may have a negative effect on euro quotes.

 According to the Analysis, The pair is expected to find support at 1.13613, and a fall through could take it to the next support level of 1.13221. The pair is expected to find its first resistance at 1.14388, and a rise through could take it to the next resistance level of 1.14771. Previous Day range was 77.5 and Current Day Range is 29.

 AUD USD


The AUD traded a bit higher against the USD and closed at 0.7041.

 Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.

 The pair is expected to find support at 0.70721, and a fall through could take it to the next support level of 0.70128. The pair is expected to find its first resistance at 0.70621, and a rise through could take it to the next resistance level of 0.70828.

 AUD USD previous Day range was 35 and Current Day Range is 23.7.


USD CAD

The USD traded higher against CAD and closed at 1.3598.

 According to the analysis, USD/CAD pair is expected to find support at 1.35697, and a fall through could take it to the next support level of 1.35417. The pair is expected to find its first resistance at 1.36206, and a rise through could take it to the next resistance level of 1.36435.

 USD/CAD previous day range was 50.9 and current day range is 34.2.

Visit Us:-https://xtreamforex.com/academy/technical-overview-of-eur-usd-aud-usd-and-usd-cad-currency-pairs-3/

 

 

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#26 Đã gửi : 28/12/2018 lúc 01:23:42(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/JPY Currency Pairs

 

Eur usd


The EUR traded higher against the USD and closed at 1.1429.

 

According to the Analysis, The pair is expected to find support at 1.13691, and a fall through could take it to the next support level of 1.13090. The pair is expected to find its first resistance at 1.14715, and a rise through could take it to the next resistance level of 1.15138. Previous Day range was 102.4 and Current Day Range is 40.1.

 AUD USD


The AUD traded a bit higher against the USD and closed at 0.7041.

 The pair is expected to find support at 0.69798, and a fall through could take it to the next support level of 0.70036. The pair is expected to find its first resistance at 0.700643, and a rise through could take it to the next resistance level of 0.71012.

 AUD USD previous Day range was 60.7 and Current Day Range is 27.5.


USD JPY


The USD traded lower against JPY and closed at 110.96.

 According to the analysis, USD/JPY pair is expected to find support at 110.493, and a fall through could take it to the next support level of 110.027. The pair is expected to find its first resistance at 111.390, and a rise through could take it to the next resistance level of 111.821.

 USD/JPY previous day range was 8970 and current day range is 4860.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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#27 Đã gửi : 03/01/2019 lúc 01:51:57(UTC)
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Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

 

EUR USD


The EUR traded higher against the USD and closed at 1.1343.

 ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

 According to the Analysis, The pair is expected to find support at 1.12801, and a fall through could take it to the next support level of 1.12176. The pair is expected to find its first resistance at 1.14507, and a rise through could take it to the next resistance level of 1.15588. Previous Day range was 170.6 and Current Day Range is 61.6.

 

AUD USD


The AUD traded a bit lower against the USD and closed at 0.6984.

 ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.

 Readings above 50 can have a positive effect on US dollar quotes.

 The pair is expected to find support at 0.69596, and a fall through could take it to the next support level of 0.69351. The pair is expected to find its first resistance at 0.70303, and a rise through could take it to the next resistance level of 0.70765.

 AUD USD previous Day range was 70.7 and Current Day Range is 223.6.


USD CAD


The USD traded higher against CAD and closed at 1.3577.

 Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.

The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes.

According to the analysis, USD/CAD pair is expected to find support at 1.35433, and a fall through could take it to the next support level of 1.35094. The pair is expected to find its first resistance at 1.36367, and a rise through could take it to the next resistance level of 1.36962.

 USD/CAD previous day range was 93.4 and current day range is 71.8.

 

 

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#28 Đã gửi : 07/01/2019 lúc 12:49:26(UTC)
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Technical Overview of NZD/USD, AUD/USD and EUR/USD Currency Pairs

 

NZD USD


The NZD traded higher against the USD and closed at 0.6736.

 

Factory Orders m/m show the changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one. This is a composite indicator including new industrial orders for durable and non-durable goods; orders unfilled by the end of a month; shipments (indicating the current sales); total reserves of raw materials and products by the end of the given month.

 The indicator growth can have a positive effect on dollar quotes.

 According to the Analysis, The pair is expected to find support at 0.66880, and a fall through could take it to the next support level of 0.66397. The pair is expected to find its first resistance at 0.67681, and a rise through could take it to the next resistance level of 0.67999.

 Previous Day range was 80.1 and Current Day Range is 29.1.

 AUD USD


The AUD traded a bit higher against the USD and closed at 0.7117.

 ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

 Readings above 50 can have a positive effect on US dollar quotes.

 The pair is expected to find support at 0.70326, and a fall through could take it to the next support level of 0.69477. The pair is expected to find its first resistance at 0.71631, and a rise through could take it to the next resistance level of 0.72087.

 AUD USD previous Day range was 130.5 and Current Day Range is 28.5.



Eur usd


The EUR traded higher against USD and closed at 1.1396.

 Retail Sales m/m reflect a change in the euro area retail sails in the reported month compared to the previous one. The calculation is adjusted for inflation.

The index is often called the consumer spending indicator and allows assessing inflation in the euro area.

The indicator growth can have a positive effect on the euro quotes.

 According to the analysis, EUR/USD pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13147. The pair is expected to find its first resistance at 1.14273, and a rise through could take it to the next resistance level of 1.14589.

 EUR/USD previous day range was 72.1 and current day range is 34.3.

 

 

 

 

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#29 Đã gửi : 08/01/2019 lúc 01:47:14(UTC)
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Overview of Gold: $1,300 Break Remains Indefinable Despites the Weak tone in US Dollar

 

XAU traded a bit lower against USD and closed at 1288.78.

 

·         Gold picked up a bid on Monday, tracking the weak spot in the US dollar, but the bull momentum ran out of steam at $1,295.

·         The dollar index (DXY) fell to 2.5-month lows below the 100-day MA.

·         The yellow metal is still struggling to break past $1,300.

·         $1,276 is the level to beat for the bears.

 

According to the Analysis, The XAU/USD.X pair is expected to find support at 1282.62, and a fall through could take it to the next support level of 1276.47. The pair is expected to find its first resistance at 1294.99, and a rise through could take it to the next resistance level of 1301.21. Previous Day range was 12.37 and Current Day Range is 7.69.

 

The yellow metal failed to cross the psychological barrier of $1,300 on Friday and carved out a bearish-lower high of $1,288 yesterday, despite the drop in the US dollar - gold's biggest retribution.

Notably, the dollar index found acceptance below the 100-day moving average (MA) yesterday and fell to 95.64 - a level last seen on Oct. 22.

The greenback is indeed on the defensive, having closed below the 100-day MA for the first time since Sept. 27 amid dovish Fed expectations.

The yellow metal is still struggling to pick up a strong bid. As of writing, it is reporting moderate losses at $1,286 per Oz. Gold's inability to capitalize on DXY's break below the 100-day MA likely indicates the bulls are facing exhaustion.

 

 

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#30 Đã gửi : 09/01/2019 lúc 02:02:53(UTC)
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Overview of Crude Oil: WTI Continues to Climb on Trade Hopes

 US Oil - also known as West Texas Intermediate (WTI) and Texas Sweet Light - is another type of 'sweet light' crude oil, which has a lower content and density coal UK Oil. It is drilled in North America, primarily in Texas, Louisiana and North Dakota, and sent via pipeline to Cushing, Oklahoma for price settlement. Đây là một vùng sở hữu, nhiều WTI được dùng trong US, làm việc này chính xác chính xác cho US market.

 

 According to the analysis, USOil.x pair is expected to find hỗ trợ tại 48.95, và gặp qua qua thể lấy nó để hỗ trợ tiếp tục của 47.89. Ảnh đã mong đợi đến tìm đầu tiên của của của của của bạn at 50.60, và một tiếp tục thể thể lấy nó theo tiếp chế độ Resistance của 51.89.

 

USOil.x previous day range was 16500 and current day range is 9000.

US-China trade talks continue, and markets continue to bid up on hopes of progress.

 Commodities are catching a relief on hope of trade improvement, sau khi kết thúc kết thúc đến 2018.

 Crude energies markets are continuing to spin higher as investors hope for peaceful trade talks to resolve between the US and China, which are at present underway at the vice-ministerial level, extending into a third day of talks with traders awaiting announcements following the trade meetings. Trade tensions between the US and China have spun out broader market sentiment in recent months, and investors are looking for any signs of a recovery in global trade in order to offset the increasing signs of economic slowdown across the planet for 2019.

 The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

 

 Growing stocks crude oil is a good thing for oil and can have a negative impact on the oil barrel price.

 

·      

 

                               

 

 

 

 

 

Sửa bởi người viết 09/01/2019 lúc 02:05:58(UTC)  | Lý do: Chưa rõ

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#31 Đã gửi : 11/01/2019 lúc 04:49:30(UTC)
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Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs

 

GBP USD


The GBP traded higher against the USD and closed at 1.2746.

 The GBP/USD pair trades at the upper end of its weekly range as the dollar remains weak. Upside capped by Brexit uncertainty, looming Parliamentary discussions.

 Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.

 Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production. The indicator growth may have a positive effect on the pound quotes.

 According to the Analysis, The pair is expected to find support at 1.27154, and a fall through could take it to the next support level of 1.26853. The pair is expected to find its first resistance at 1.27874, and a rise through could take it to the next resistance level of 1.28293.

 Previous Day range was 72 and Current Day Range is 25.3.

 

 AUD USD


The AUD traded lower against the USD and closed at 0.7185.

AUD prints session highs above 0.72 following a better-than-expected Aussie retail sales release. 

The pair is struggling to find acceptance above 0.72 and could feel the pull of gravity during the day ahead as both the USD/CNH pair and gold are hinting at a recovery rally in the US dollar. 

Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.

The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.

The indicator growth can have a positive effect on the Australian dollar quotes.

The pair is expected to find support at 0.71548, and a fall through could take it to the next support level of 0.71248. The pair is expected to find its first resistance at 0.72059, and a rise through could take it to the next resistance level of 0.72270.

 

AUD USD previous Day range was 51.1 and Current Day Range is 31.6.

 NZD USD


The NZD traded higher against USD and closed at 0.6779.

 The NZD/USD pair is probing the trendline falling from December highs for the third day straight. As of writing, the trendline resistance is located at 0.6786. Interestingly, the 100-period moving average (MA) on the 4-hour chart is also located at that level.

 Building Consents m/m reflect summary data on permits for the construction of residential and non-residential buildings priced at 5000$ and higher, granted by New Zealand consent authorities. The indicator is calculated as a change in the reported month compared to the previous one. The calculation accounts for taxes on goods and services, however it is not adjusted for inflation.

 Data on construction approvals are considered as an indicator of confidence in the domestic economy, therefore construction consents are also considered as a leading indicator of the construction sector activity.

 According to the analysis, NZD/USD pair is expected to find support at 0.67684, and a fall through could take it to the next support level of 0.67581. The pair is expected to find its first resistance at 0.67915, and a rise through could take it to the next resistance level of 0.68043.

 NZD/USD previous day range was 23.1 and current day range is 42.5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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#32 Đã gửi : 14/01/2019 lúc 03:08:36(UTC)
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Technical Overview of Bitcoin by XtreamForex

 

BTC traded a bit lower against USD and closed at 3653.36.

 Bitcoin breaks key levels again after breaching $4k.

Long term bottom is not in place yet.

 According to the Analysis, The BTC/USD pair is expected to find support at 3589.71, and a fall through could take it to the next support level of 3526.05. The pair is expected to find its first resistance at 3708.30, and a rise through could take it to the next resistance level of 3763.23. Previous Day range was 118.59 and Current Day Range is 37.66.

 Bitcoin, the king of Cryptocurrencies, has broken down of some key levels after breaking below $4,000 and is now at the risk of breaching $3,000 too as long term bottom is not yet in place for the largest crypto.

BTC/USD trading flat on day at $3,633 and in less than one percent range for the day - typical low volume and even lower volatility weekend trading that is. Earlier this week, Bitcoin and all the other major coins saw massive sell-off all over again, resulting in BTC breaking $4,000 again and as a result also broke some key levels on the short term (180-minute) as well as long term (daily) chart.

 

 

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#33 Đã gửi : 15/01/2019 lúc 03:28:23(UTC)
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Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pairs

 

EUR USD


The EUR traded higher against the USD and closed at 1.1468.

 EUR/USD slipped back below the pivot at 1.1468 on Friday, falling from a high of 1.1540 to a low of 1.1451, consolidating between there and 1.1480 in a sideways drift in the main.

 ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the euro zone, the speech influences the EU currency.

 If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.

 According to the Analysis, The pair is expected to find support at 1.14519, and a fall through could take it to the next support level of 1.14360. The pair is expected to find its first resistance at 1.14825, and a rise through could take it to the next resistance level of 1.14972.

 Previous Day range was 30.6 and Current Day Range is 24.4.

 

AUD USD


The AUD traded higher against the USD and closed at 0.7194.

The AUD/USD bounce gained further traction last hour, with the bulls testing highs into the 0.7220 level following fresh monetary and fiscal stimulus measures announced by China. The spot is on its way to test the monthly tops at 0.7236.

Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

The pair is expected to find support at 0.71737, and a fall through could take it to the next support level of 0.71537. The pair is expected to find its first resistance at 0.72158, and a rise through could take it to the next resistance level of 0.72379.

 AUD USD previous Day range was 42.1 and Current Day Range is 31.5.

 NZD USD


The NZD traded higher against USD and closed at 0.6821.

 Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

 The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

 According to the analysis, NZD/USD pair is expected to find support at 0.68006, and a fall through could take it to the next support level of 0.67803. The pair is expected to find its first resistance at 0.68367, and a rise through could take it to the next resistance level of 0.68525.

 NZD/USD previous day range was 36.1 and current day range is 34.2.

 

 

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#34 Đã gửi : 16/01/2019 lúc 04:28:31(UTC)
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Technical Overview of GBP/USD, USD/JPY and USD/CHF Currency Pairs

 

GBP USD


The GBP traded lower against the USD and closed at 1.2858.

 The GBP/USD pair is struggling to cross the 9-month-long falling trendline for the third day straight, having charted a big doji candle at that diagonal line yesterday.

 Bank of England Governor Speech is given by the head of the BOE's Monetary Policy Committee and has the greatest influence over sterling's value among all members of the Committee. The BoE Governor's public engagements suggest clues regarding the change in the exchange rate and future monetary policy of the Bank of England.

 According to the Analysis, The pair is expected to find support at 1.27176, and a fall through could take it to the next support level of 1.25770. The pair is expected to find its first resistance at 1.29563, and a rise through could take it to the next resistance level of 1.30544.

 Previous Day range was 238.7 and Current Day Range is 47.1.

 USD JPY


The USD traded lower against the JPY and closed at 108.631.

USD/JPY is on the retreat, having faced multiple rejections near 108.75 in the last 24 hours.

Risk-reset is likely on shaky grounds. China stimulus pledge could be overshadowed by the global growth slowdown.

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.

 The pair is expected to find support at 108.253, and a fall through could take it to the next support level of 107.875. The pair is expected to find its first resistance at 108.884, and a rise through could take it to the next resistance level of 109.137.

 

USD JPY previous Day range was 6310 and Current Day Range is 3350.

 USD CHF


The USD traded higher against CHF and closed at 0.9876.

 With major European currencies remaining under strong selling pressure on Tuesday, the greenback attracted investors' attention and the US Dollar Index recovered all of the losses it recorded last week and broke above 96 to refresh its highest level since January 4 at 96.23.

 

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 0.98208, and a fall through could take it to the next support level of 0.97656. The pair is expected to find its first resistance at 0.99124, and a rise through could take it to the next resistance level of 0.99488.

 USD/CHF previous day range was 91.6 and current day range is 8.1.

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#35 Đã gửi : 18/01/2019 lúc 01:53:03(UTC)
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Technical Overview of EUR/USD, GBP/USD and NZD/USD Currency Pairs

 Eur usd


The EUR traded higher against the USD and closed at 1.1388.

 Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

 According to the Analysis, The pair is expected to find support at 1.13708, and a fall through could take it to the next support level of 1.13535. The pair is expected to find its first resistance at 1.14055, and a rise through could take it to the next resistance level of 1.14229.

 Previous Day range was 34.7 and Current Day Range is 13.9.

 GBP USD


The GBP traded lower against the USD and closed at 1.2983.

 Retail Sales m/m show the changes in the value of retail goods sold in the UK for the given month compared to the previous one. The calculation uses season-adjusted data from British retailers.

The indicator is used in forecasting, budgeting and in the development of the UK financial and economic policy. The retail sales growth can affect the British pound quotes positively.

 The pair is expected to find support at 1.28772, and a fall through could take it to the next support level of 1.27714. The pair is expected to find its first resistance at 1.30437, and a rise through could take it to the next resistance level of 1.31044.

 GBP USD previous Day range was 166.5 and Current Day Range is 25.6.

 NZD USD


The NZD traded higher against USD and closed at 0.6761.

 BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.

 According to the analysis, pair is expected to find support at 0.67303, and a fall through could take it to the next support level of 0.66995. The pair is expected to find its first resistance at 0.67892, and a rise through could take it to the next resistance level of 0.98173.

 NZD USD previous day range was 58.9 and current day range is 22.4.

 

 

 

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#36 Đã gửi : 23/01/2019 lúc 05:24:29(UTC)
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Technical Overview of EUR/USD, USD/CAD and USD/JPY Currency Pairs

 

EUR USD


The EUR traded higher against the USD and closed at 1.1359.

ECB Deposit Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The regulator takes decisions on deposit rates depending on the inflationary outlook and economic growth.

Cut in deposit rates leads to a lower euro rate.

According to the Analysis, The pair is expected to find support at 1.13393, and a fall through could take it to the next support level of 1.13195. The pair is expected to find its first resistance at 1.13761, and a rise through could take it to the next resistance level of 1.13931.

Previous Day range was 36.8 and Current Day Range is 9.


USD CAD


The USD traded lower against the CAD and closed at 1.3354.

Canada Core Retail Sales m/m reflect the change in retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics from retail stores of different types and sizes. The index calculation does not include sales of autos and spare parts.

Retails Sales are an indicator of consumer activity in Canada, and an important component of national GDP. The indicator growth can have a positive effect on CAD quotes.

The pair is expected to find support at 1.33105, and a fall through could take it to the next support level of 1.32671. The pair is expected to find its first resistance at 1.33773, and a rise through could take it to the next resistance level of 1.34007.

USD/CAD previous Day range was 66.8 and Current Day Range is 32.4.

 

USD JPY


The USD traded higher against JPY and closed at 109.361.
 

BoJ Press Conference is a main PR event of the Japanese regulator. During the Press Conference, the Bank of Japan Governor or Deputy Governor explains decisions concerning the monetary policy, describes their views on the prospects of economic development and answers questions.

If the regulator's statement contains some hints at the upcoming tightening of the monetary policy, this has a short-term positive impact on JPY.

According to the analysis, pair is expected to find support at 109.110, and a fall through could take it to the next support level of 108.859. The pair is expected to find its first resistance at 109.650, and a rise through could take it to the next resistance level of 109.939.

USD JPY previous day range was 5400 and current day range is 4550.

 

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#37 Đã gửi : 25/01/2019 lúc 03:49:24(UTC)
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Forex Market News - GBP/USD: Bulls headed to 1.3150 surrounded by hopes for May's subsidiary Brexit plot

Reports of DUP declaration UK PM May and better risk tones boost the Sterling.
Further upside creation taking place ahead of UK CBI realized sales and Feds Beige Book official pardon.
The buying merger on the pound remains unabated, pushing the GBP/USD pair message towards the midpoint of the 1.31 handle as we head towards the to the fore European trading.

GBP/USD trades above every major DMAs

The recent bullish progression more or less the British pound gathered steam in before Asia taking into account the reports that the Northern Irish Democratic Unionist Party (DUP) decided to privately take to bond UK PM Mays Plan B Brexit Deal. The headlines offered spacious impetus to the bulls, now driving the Cable to the highest levels past November 2018 near 1.3130 regions.

Meanwhile, the broad-based US dollar rally to multi-week highs at a loose withdraw legs surrounded by enlarged risk tones, as the Asian equities apportion calm to the side of oil prices on the subject of conflicting reports more than the US-China trade elaborate. Hence, the latest leg then to in the greenback with collaborated to the upside in the spot. The USD index drops -0.20% to 96.40, extending the retreat from three-week tops of 96.68.

Looking ahead, the recent Brexit reports will continue to underpin the sentiment more or less the major even though the risk trends will put-on a key driver together along in the midst of a nonappearance of first-tier macro releases from both the UK and the US docket today. The UK sees the BBA mortgage approvals and CBI realized sales data through the Feds Beige Book will be released well along in the NA session.

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#38 Đã gửi : 28/01/2019 lúc 01:01:43(UTC)
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Technical Overview of EUR/USD, USD/CHF and AUD/USD Currency Pairs

 

Eur usd


The EUR traded higher against the USD and closed at 1.1404.

 EUR/USD made a strong recovery on Friday in a risk on the environment with headlines that an agreement has been reached to temporarily end the US government shutdown. 

 ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the eurozone, the speech influences the EU currency.

 If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.

 According to the Analysis, The pair is expected to find support at 1.13306, and a fall through could take it to the next support level of 1.12572. The pair is expected to find its first resistance at 1.14473, and a rise through could take it to the next resistance level of 1.14906.

 Previous Day range was 116.7 and Current Day Range is 23.5.

 USD CHF


The USD traded lower against the CHF and closed at 0.9931.

 

The pair is expected to find support at 0.99107, and a fall through could take it to the next support level of 0.98903. The pair is expected to find its first resistance at 0.99613, and a rise through could take it to the next resistance level of 0.99945.

 USD CHF previous Day range was 52.1 and Current Day Range is 14.7.

 AUD USD


The AUD traded lower against USD and closed at 0.718.

 The AUD/USD pair edged higher and regained the 0.72 handle briefly, as the selling pressure around the greenback remained unabated. However, downbeat Chinese industrial profits data appears to cap the further upside in the Aussie. 

 According to the analysis, pair is expected to find support at 0.71084, and a fall through could take it to the next support level of 0.70377. The pair is expected to find its first resistance at 0.72179, and a rise through could take it to the next resistance level of 0.72559.

 AUD USD previous day range was 109.1 and current day range is 29.

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#39 Đã gửi : 30/01/2019 lúc 02:11:13(UTC)
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Technical Overview of GBP/USD, EUR/USD and USD/JPY Currency Pairs

 GBP USD


The GBP traded higher against the USD and closed at 1.3064.

 Bank of England Governor Speech is given by the head of the BOE's Monetary Policy Committee and has the greatest influence over sterling's value among all members of the Committee. The BoE Governor's public engagements suggest clues regarding the change in the exchange rate and future monetary policy of the Bank of England.

 According to the Analysis, The pair is expected to find support at 1.30144, and a fall through could take it to the next support level of 1.29642. The pair is expected to find its first resistance at 1.31577, and a rise through could take it to the next resistance level of 1.32468.

 Previous Day range was 141.3 and Current Day Range is 34.7.

 EUR USD


The EUR traded higher against the USD and closed at 1.1431.

 France Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter. The GDP is calculated based on statistical information (using national economic indicators), forecast models and expert evaluations. GDP growth can have a positive effect on euro quotes.

 The pair is expected to find support at 1.14117, and a fall through could take it to the next support level of 1.13923. The pair is expected to find its first resistance at 1.14502, and a rise through could take it to the next resistance level of 1.14693.

 EUR USD previous Day range was 38.5 and Current Day Range is 16.6.

 USD JPY


The USD traded lower against JPY and closed at 109.389.

 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 109.168, and a fall through could take it to the next support level of 108.948. The pair is expected to find its first resistance at 109.573, and a rise through could take it to the next resistance level of 109.758.

 USD JPY previous day range was 4050 and current day range is 2260.

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#40 Đã gửi : 31/01/2019 lúc 02:32:37(UTC)
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Technical Overview of USD/CAD, USD/CHF and NZD/USD Currency Pairs

 

USD CAD


The USD traded lower against the CAD and closed at 1.3148.

 Fed says that it will stay patient on further rate hikes.

US Dollar Index falls sharply on the dovish shift in the language.

WTI settles above $54 on Wednesday.

 FOMC Press Conference is a quarterly event that attracts the attention of financial analysts and economists from around the world. During the press conference, the US Federal Open Market Committee members respond to journalists' questions about the US monetary policy, inflation prospects and measures taken to achieve its target level.

 The index allows making conclusions about the terms of interest rate changes or changes in the monetary policy, depending on the speaker's rhetoric. Indirect hints at the coming growth of interest rates are seen as positive for the dollar.

 According to the Analysis, The pair is expected to find support at 1.30838, and a fall through could take it to the next support level of 1.30201. The pair is expected to find its first resistance at 1.32461, and a rise through could take it to the next resistance level of 1.33447.

 Previous Day range was 162.3 and Current Day Range is 26.5.

 USD CHF


The USD traded lower against the CHF and closed at 0.9941.

 US Dollar Index rises toward 96 on strong ADP data.

Wall Street starts the day on a strong footing.

FOMC is expected to keep its policy rate unchanged at 2.5%.

 FED Interest Rate Decision is made on a predetermined date during the vote among the members of the Federal Open Market Committee (FOMC) concerning the Federal Reserve short-term interest rates to be charged from credits and commercial bank loans.

 The increasing rate can have a positive effect on USD, while a decrease can affect USD negatively. If the rate remains unchanged, the analysts evaluate the number of "for" and "against" votes and discuss statements of voters after the minutes of meeting are published in order to forecast the results of the next meeting.

 The pair is expected to find support at 0.99169, and a fall through could take it to the next support level of 0.98928. The pair is expected to find its first resistance at 0.99799, and a rise through could take it to the next resistance level of 1.00188.

 USD CHF previous Day range was 63 and Current Day Range is 19.4.

 NZD USD


The NZD traded higher against USD and closed at 0.6888.

 The NZD/USD pair jumped 24 pips to a session high of 0.6824 after the ratings agency S&P raised New Zealand outlook to positive from stable and left rating unchanged at AA.

 According to the analysis, pair is expected to find support at 0.68352, and a fall through could take it to the next support level of 0.67826. The pair is expected to find its first resistance at 0.69257, and a rise through could take it to the next resistance level of 0.69636.

 NZD USD previous day range was 90.5 and current day range is 37.1.

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#41 Đã gửi : 01/02/2019 lúc 01:18:23(UTC)
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Technical Overview of XAU/USD, BTC/USD and ETH/USD

 

XAU USD.x


The XAU traded lower against the USD and closed at 1321.27.

 Gold could trade in a sideways-to-negative manner as a key technical indicator is reporting the loss of bullish momentum.

 According to the Analysis, The pair is expected to find support at 1317.09, and a fall through could take it to the next support level of 1312.91. The pair is expected to find its first resistance at 1325.85, and a rise through could take it to the next resistance level of 1330.43.

 Previous Day range was 8.76 and Current Day Range is 43000.

 BTC USD


The BTC traded lower against the USD and closed at 3498.84.

 Cryptocurrency market slipped back in the red zone on Thursday and continued consolidating with bearish bias during early Asian hours on Friday. All major coins demonstrate moderate losses

 The pair is expected to find support at 3462.14, and a fall through could take it to the next support level of 3425.45. The pair is expected to find its first resistance at 3551.55, and a rise through could take it to the next resistance level of 3604.27.

 BTC USD previous Day range was 89.41 and Current Day Range is 50.24.

 ETH USD


The ETH traded lower against USD and closed at 108.31.

 Bears take over the ETH/USD market as it loses 1.75% of its overall value. Heavy resistance at $107.50 and $109 severely limits ETH/USD’s growth

 According to the analysis, pair is expected to find support at 105.95, and a fall through could take it to the next support level of 103.60. The pair is expected to find its first resistance at 111.96, and a rise through could take it to the next resistance level of 115.62.

 ETH USD previous day range was 6.01 and current day range is 36600.

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#42 Đã gửi : 04/02/2019 lúc 04:00:04(UTC)
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Technical Overview of EUR/USD, GBP/USD and USD/CAD Currency Pairs

 

EUR USD


The EUR traded lower against the USD and closed at 1.1454.

 The EUR/USD pair advanced for a second consecutive week, unable, however, to make a relevant bullish breakout and finishing the week right below 1.1460.

 Unemployment Change reflects a change in the total number of unemployed Spanish citizens. The indicator growth is usually accompanied with a decrease in the purchasing power of the population, which may have a negative effect on euro quotes.

 According to the Analysis, The pair is expected to find support at 1.14297, and a fall through could take it to the next support level of 1.14055. The pair is expected to find its first resistance at 1.14829, and a rise through could take it to the next resistance level of 1.15119.

 Previous Day range was 53.2 and Current Day Range is 13.5.

 

GBP USD


The GBP traded lower against the USD and closed at 1.3075.

 GBP/USD running out of steam faded at 1.3217 highs. Brexit Secretary Stephen Barclay and senior government officials are due to discuss alternative arrangements to the Irish backstop this week.

 Factory Orders m/m show the changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one. This is a composite indicator including new industrial orders for durable and non-durable goods; orders unfilled by the end of a month; shipments (indicating the current sales); total reserves of raw materials and products by the end of the given month.

 The indicator growth can have a positive effect on dollar quotes.

 The pair is expected to find support at 1.30409, and a fall through could take it to the next support level of 1.30064. The pair is expected to find its first resistance at 1.31111, and a rise through could take it to the next resistance level of 1.31468.

 GBP USD previous Day range was 70.2 and Current Day Range is 19.7.

 USD CAD


The USD traded bit higher against CAD and closed at 1.3098.

 The USD/CAD pair broke below the key 1.3115/20 support area and tumbled to 1.3082, the lowest level since November 7. The pair resumed the move lower that started early January from above 1.3600. 

 ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

 Readings above 50 can have a positive effect on US dollar quotes.

 According to the analysis, pair is expected to find support at 1.30582, and a fall through could take it to the next support level of 1.30188. The pair is expected to find its first resistance at 1.31471, and a rise through could take it to the next resistance level of 1.31966.

 USD CAD previous day range was 88.9 and current day range is 14.1.

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#43 Đã gửi : 05/02/2019 lúc 04:15:10(UTC)
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Technical Overview of AUD/USD, NZD/USD and USD/JPY Currency Pairs

 AUD USD


The AUD traded higher against the USD and closed at 0.7225.

 Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.

 The indicator growth can have a positive effect on the Australian dollar quotes.

 According to the Analysis, The pair is expected to find support at 0.72060, and a fall through could take it to the next support level of 0.71873. The pair is expected to find its first resistance at 0.72486, and a rise through could take it to the next resistance level of 0.72725.

 Previous Day range was 42.6 and Current Day Range is 60.1.

 NZD USD


The NZD traded higher against the USD and closed at 0.6896.

 ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

 Readings above 50 can have a positive effect on US dollar quotes.

 The pair is expected to find support at 0.68754, and a fall through could take it to the next support level of 0.68548. The pair is expected to find its first resistance at 0.69111, and a rise through could take it to the next resistance level of 0.69262.

 NZD USD previous Day range was 35.7 and Current Day Range is 30.4.

 USD JPY


The USD traded bit higher against JPY and closed at 109.874.

 Household Spending y/y measures the total expenditure by Japanese households in the given month compared to the same month of the previous year. The index is calculated based on a statistical sample of households in the country. The calculation includes expenditures on food, housing, utilities, furniture, closing, health, education, transport, communication, leisure activities, etc.

 The index is viewed as an indicator of economic growth and consumer optimism. It allows measuring the level of inflation in the country.

 The indicator growth can have a positive effect on the yen quotes.

 According to the analysis, pair is expected to find support at 109.484, and a fall through could take it to the next support level of 109.093. The pair is expected to find its first resistance at 110.212, and a rise through could take it to the next resistance level of 110.549.

 USD JPY previous day range was 7280 and current day range is 2010.

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#44 Đã gửi : 06/02/2019 lúc 01:49:40(UTC)
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Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs

 

EUR USD

The EUR traded lower against the USD and closed at 1.1405.

 Despite macroeconomic data released this Tuesday favored an advance in EUR/USD the pair ends the day with losses at pre-FOMC levels. 1.1315 at sight should the 1.1400 figure gives up.

 The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.

 Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

 According to the Analysis, The pair is expected to find support at 1.13907, and a fall through could take it to the next support level of 1.13767. The pair is expected to find its first resistance at 1.14293, and a rise through could take it to the next resistance level of 1.14539.

 Previous Day range was 38.6 and Current Day Range is 13.

 USD CAD


The USD traded higher against the CAD and closed at 1.1325.

 The USD/CAD pair trades little changed around 1.3130 on early Wednesday. The pair has strong resistance confluence near 1.3205-1.3210 that includes 100-day simple moving average (SMA) and a month old descending trend-line.

 Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.

 The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.

 Survey results are seasonally adjusted.

 A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.

 The pair is expected to find support at 1.31002, and a fall through could take it to the next support level of 1.30757. The pair is expected to find its first resistance at 1.31511, and a rise through could take it to the next resistance level of 1.31755.

 USD CAD previous Day range was 50.9 and Current Day Range is 26.1.

 USD CHF


The USD traded bit higher against CHF and closed at 0.9995.

 US Dollar Index struggles to break above 96.

10-year T-bond yield erases gains to weigh on the greenback.

Coming up: ISM and Markit non-manufacturing PMI data from the U.S.

 According to the analysis, pair is expected to find support at 0.99706, and a fall through could take it to the next support level of 0.99464. The pair is expected to find its first resistance at 1.00198, and a rise through could take it to the next resistance level of 1.00448.

 USD CHF previous day range was 49.2 and current day range is 16.9.

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#45 Đã gửi : 07/02/2019 lúc 01:04:33(UTC)
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Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs

 GBP USD


The GBP traded lower against the USD and closed at 1.2927.

 Bank of England Interest Rate Decision is taken by monetary policy committee members and is published two weeks after the meeting.

 The interest rate decision is one of the most important events. Interest rate growth is seen as positive for the sterling.

 According to the Analysis, The pair is expected to find support at 1.29085, and a fall through could take it to the next support level of 1.28900. The pair is expected to find its first resistance at 1.29614, and a rise through could take it to the next resistance level of 1.29958.

 Previous Day range was 52.9 and Current Day Range is 11.8. 


AUD USD


The AUD traded higher against the USD and closed at 0.7104.

 FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

 The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

 The pair is expected to find support at 0.70551, and a fall through could take it to the next support level of 0.70059. The pair is expected to find its first resistance at 0.71994, and a rise through could take it to the next resistance level of 0.72945.

 AUD USD previous Day range was 144.3 and Current Day Range is 16.6.

 NZD USD


The NZD traded bit lower against USD and closed at 0.6774.

 New Zealand Employment Change q/q shows the change in the number of citizens officially employed in New Zealand resident companies in the given quarter compared to the previous one. Employment growth is a sign of a stronger labor market and can be seen as positive for the New Zealand dollar quotes.

According to the analysis, pair is expected to find support at 0.67251, and a fall through could take it to the next support level of 0.66760. The pair is expected to find its first resistance at 0.68640, and a rise through could take it to the next resistance level of 0.69538.

 NZD USD previous day range was 138.9 and current day range is 33.5.

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#46 Đã gửi : 08/02/2019 lúc 01:32:14(UTC)
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Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs

 

AUD USD


The AUD traded lower against the USD and closed at 0.7100.

 Reserve Bank of Australia (RBA) Monetary Policy Statement is published quarterly. It provides explanations to the current monetary policy and description of economic state and inflation prospects.

 According to the Analysis, The pair is expected to find support at 0.70871, and a fall through could take it to the next support level of 0.70740. The pair is expected to find its first resistance at 0.71152, and a rise through could take it to the next resistance level of 0.71302.

 Previous Day range was 28.1 and Current Day Range is 43.3.

 USD CAD


The USD traded higher against the CAD and closed at 1.3307. 
Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.

 The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes.

The pair is expected to find support at 1.32344, and a fall through could take it to the next support level of 1.31619. The pair is expected to find its first resistance at 1.33482, and a rise through could take it to the next resistance level of 1.33895.

 USD CAD previous Day range was 113.8 and Current Day Range is 31.

 USD JPY

The USD traded bit lower against JPY and closed at 109.799.

 Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

 According to the analysis, pair is expected to find support at 109.577, and a fall through could take it to the next support level of 109.354. The pair is expected to find its first resistance at 110.051, and a rise through could take it to the next resistance level of 110.302.

 USD JPY previous day range was 4740 and current day range is 1890.

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#47 Đã gửi : 12/02/2019 lúc 01:23:10(UTC)
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Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs

 

AUD USD


The AUD traded lower against the USD and closed at 0.7061.

 The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

 A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

 According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

 Previous Day range was 50.9 and Current Day Range is 33.5.

 USD CAD


The USD traded lower against the CAD and closed at 1.3301.

 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.

 The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

 USD CAD previous Day range was 56.9 and Current Day Range is 27.

 USD JPY


The USD traded higher against JPY and closed at 110.367.

 Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

 

Industrial production growth may have a positive effect on yen quotes.

 According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

 

USD JPY previous day range was 6950 and current day range is 3020.

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#48 Đã gửi : 14/02/2019 lúc 02:27:18(UTC)
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Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pairs

 

GBP USD


The GBP traded higher against the USD and closed at 1.2843.

 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, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.

 Previous Day range was 113.1 and Current Day Range is 24.9.

 AUD USD


The AUD traded higher against the USD and closed at 0.7088.

 Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

 The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

The indicator growth can have a negative effect on US dollar quotes.

 The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.

 AUD USD previous Day range was 50.2 and Current Day Range is 35.5.

 USD JPY


The USD traded higher against JPY and closed at 111.

 Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.

GDP growth can have a positive effect on yen quotes.

 According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.

 USD JPY previous day range was 6270 and current day range is 2550.

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#49 Đã gửi : 15/02/2019 lúc 02:08:59(UTC)
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Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs

 

USD CAD


The USD traded higher against the CAD and closed at 1.3292.

 Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

 The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

 A higher than expected reading can have a positive effect on dollar quotes.

 According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.

 Previous Day range was 111.3 and Current Day Range is 23.5.

 EUR USD


The EUR traded higher against the USD and closed at 1.1294.

 ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

 The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.

 EUR USD previous Day range was 59.2 and Current Day Range is 12.8.

 

USD CHF

The USD traded higher against CHF and closed at 1.0047.

 Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

 The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

 A higher than expected reading can have a positive effect on dollar quotes.

 According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.

 USD CHF previous day range was 53.4 and current day range is 13.3.

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#50 Đã gửi : 19/02/2019 lúc 02:59:22(UTC)
xtreamforex


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Technical Overview of EUR/USD,

GBP/USD and USD/CHF Currency Pairs


EUR USD


The EUR traded lower against the USD and closed at 1.1308.

ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.

Index growth may have a positive impact on euro quotes.

According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.

Previous Day range was 44.7 and Current Day Range is 19.8.

GBP USD


The GBP traded lower against the USD and closed at 1.2919.

Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.

An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.

The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.

GBP USD previous Day range was 46.1 and Current Day Range is 29.6.

 

USD CHF

The USD traded higher against CHF and closed at 1.0038.

Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104.

The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.

USD CHF previous day range was 27.3 and current day range is 17.9.

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#51 Đã gửi : 20/02/2019 lúc 02:10:19(UTC)
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Technical Overview of EUR/USD,

USD/CAD and USD/CHF Currency Pairs


EUR USD


The EUR traded higher against the USD and closed at 1.134.

ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.

Previous Day range was 81.2 and Current Day Range is 20.1.

 

USD CAD


The USD traded lower against the CAD and closed at 1.3211.

Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.

USD CAD previous Day range was 75.4 and Current Day Range is 32.

USD CHF


The USD traded higher against CHF and closed at 1.0007

FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country's economic and financial conditions, monetary policy and Fed interest rates.

The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.

The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.

According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.

USD CHF previous day range was 58.7 and current day range is 13.2.

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#52 Đã gửi : 21/02/2019 lúc 02:27:16(UTC)
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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 1.1336.

ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

According to the Analysis, The pair is expected to find support at 1.13159, and a fall through could take it to the next support level of 1.12983. The pair is expected to find its first resistance at 1.13630, and a rise through could take it to the next resistance level of 1.13897. 

Previous Day range was 45.7 and Current Day Range is 18.6.

USD CAD

The USD traded lower against the CAD and closed at 1.3175.

Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

The index allows forecasting future production volumes in the short term.

The value growth can have a positive effect on dollar quotes.

The pair is expected to find support at 1.31448, and a fall through could take it to the next support level of 1.31146. The pair is expected to find its first resistance at 1.32105, and a rise through could take it to the next resistance level of 1.32460.

USD CAD previous Day range was 65.7 and Current Day Range is 25.8.

GBP USD

The GBP traded lower against USD and closed at 1.3048

BoE MPC members are responsible for setting the interest rate and their speeches often contain indications on the future possible direction of monetary policy.

According to the analysis, pair is expected to find support at 1.30038, and a fall through could take it to the next support level of 1.29594. The pair is expected to find its first resistance at 1.30992, and a rise through could take it to the next resistance level of 1.31502.

GBP USD previous day range was 95.4 and current day range is 23.3

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#53 Đã gửi : 22/02/2019 lúc 04:25:28(UTC)
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Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs

Eur usd

The EUR traded lower against the USD and closed at 1.1334.

The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies.

A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

According to the Analysis, The pair is expected to find support at 1.13156, and a fall through could take it to the next support level of

1.12973. The pair is expected to find its first resistance at 1.13591, and a rise through could take it to the next resistance level of 1.13843.

Previous Day range was 43.5 and Current Day Range is 11.6.

 

USD CAD

The USD traded higher against the CAD and closed at 1.3231.

Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month.

The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.

The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.

The pair is expected to find support at 1.31842, and a fall through could take it to the next support level of 1.31377. The pair is expected to find its first resistance at 1.32556, and a rise through could take it to the next resistance level of 1.32805.

USD CAD previous Day range was 71.4 and Current Day Range is 16.6.

 

USD CHF

The USD traded higher against CHF and closed at 1.0006.

 Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

According to the analysis, pair is expected to find support at 0.99923, and a fall through could take it to the next support level of 0.99786. The pair is expected to find its first resistance at 1.00213, and a rise through could take it to the next resistance level of 1.00366.

USD CHF previous day range was 29 and current day range is 11.7.

Learn Technical Analysis about EUR USD, USD CAD, USD CHF. Two pairs USD CAD, USD CHF look higher then EUR USD.

 

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#54 Đã gửi : 25/02/2019 lúc 02:33:08(UTC)
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Technical Overview of NZD/USD,

GBP/USD and USD/CAD Currency Pairs


NZD USD


The NZD traded higher against the USD and closed at 0.6847.

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.

According to the Analysis, The pair is expected to find support at 0.67853, and a fall through could take it to the next support level of 0.67239. The pair is expected to find its first resistance at 0.68806, and a rise through could take it to the next resistance level of 0.69145.

Previous Day range was 95.3 and Current Day Range is 31.1.

GBP USD


The GBP traded higher against the USD and closed at 1.3053.

Bank of England Inflation Report Hearings comprise speeches of the BoE Governor and several Monetary Policy Committee members in the British Parliament. Hearings cover latest inflation an financial stability reports; the MPC members answer questions of Parliament members.

New appointments and new members of the BoE Committees are also discussed at the hearings.

The event may have a short-term impact on GBP quotes.

The pair is expected to find support at 1.29878, and a fall through could take it to the next support level of 1.29231. The pair is expected to find its first resistance at 1.30968, and a rise through could take it to the next resistance level of 1.31411.

GBP USD previous Day range was 10.9 and Current Day Range is 20.8.

USD CAD


The USD traded higher against CAD and closed at 1.3142.

FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.

The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.

According to the analysis, pair is expected to find support at 1.31030, and a fall through could take it to the next support level of 1.30643. The pair is expected to find its first resistance at 1.32111, and a rise through could take it to the next resistance level of 1.32805.

USD CAD previous day range was 108.1 and current day range is 18.2.

 

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#55 Đã gửi : 26/02/2019 lúc 01:36:47(UTC)
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Technical Overview of USD/JPY,

AUD/USD and USD/CHF Currency Pairs


USD JPY


The USD traded lower against the JPY and closed at 111.051.

Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one.

The medium-term state of the real estate market is predicted based on this indicator. Index growth may have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 110.676, and a fall through could take it to the next support level of 110.301. The pair is expected to find its first resistance at 111.329, and a rise through could take it to the next resistance level of 111.607.

Previous Day range was 6530 and Current Day Range is 3180.

AUD USD

The AUD traded lower against the USD and closed at 0.7165.

Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.

The pair is expected to find support at 0.71358, and a fall through could take it to the next support level of 0.71061. The pair is expected to find its first resistance at 0.71896, and a rise through could take it to the next resistance level of 0.72137.

AUD USD previous Day range was 53.8 and Current Day Range is 22.5.

USD CHF

The USD traded lower against CHF and closed at 1.0006.

FED Vice Chairman Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

Among the public statements made by the members of the Fed Board of Governors, the speech of the Vice Chairman is the second most important event after the Chair's speech.

According to the analysis, pair is expected to find support at 0.99887, and a fall through could take it to the next support level of 0.99717. The pair is expected to find its first resistance at 1.00171, and a rise through could take it to the next resistance level of 1.00285.

USD CHF previous day range was 28.4 and current day range is 12.4.

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#56 Đã gửi : 27/02/2019 lúc 12:54:07(UTC)
xtreamforex


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Technical Overview of EUR/USD,

NZD/USD and GBP/USD Currency Pairs


Eur usd


The EUR traded lower against the USD and closed at 1.1388.

FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.

The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353.

Previous Day range was 56.7 and Current Day Range is 17.1.

NZD USD


The NZD traded higher against the USD and closed at 0.6882.

Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.

Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.

The indicator growth can have a positive effect on dollar quotes.

The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168.

NZD USD previous Day range was 31.8 and Current Day Range is 18.8.

GBP USD

The GBP traded lower against USD and closed at 1.3249. Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector.

The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance.

A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes.

According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996.

GBP USD previous day range was 188.9 and current day range is 19.9.

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#57 Đã gửi : 28/02/2019 lúc 12:54:45(UTC)
xtreamforex


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Technical Overview of USD/CAD,

USD/CHF and USD/JPY Currency Pairs


USD CAD


The USD traded lower against the CAD and closed at 1.3155.

Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.

GDP growth can have a positive effect on CAD quotes.

According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.

Previous Day range was 58.2 and Current Day Range is 17.9.

USD CHF


The USD traded lower against the CHF and closed at 1.0013.

Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.

The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.

GDP growth can have a positive effect on CHF quotes.

The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.

USD CHF previous Day range was 52.3 and Current Day Range is 26.3.

USD JPY


The USD traded lower against JPY and closed at 110.985.

ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.

Readings above 50 can have a positive effect on US dollar quotes.

According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.

USD JPY previous day range was 7170 and current day range is 1660.

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#58 Đã gửi : 06/03/2019 lúc 01:39:47(UTC)
xtreamforex


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Cyprus

Technical Overview of AUD/USD,

EUR/USD and USD/CAD Currency Pairs


AUD USD


The AUD traded lower against the USD and closed at 0.7083.

Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank's interest rates or in the monetary policy.

 Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.

The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.

GDP growth can have a positive effect on AUD quotes.

According to the Analysis, The pair is expected to find support at 0.70623, and a fall through could take it to the next support level of 0.70418. The pair is expected to find its first resistance at 0.70996, and a rise through could take it to the next resistance level of 0.71164.

Previous Day range was 37.3 and Current Day Range is 63.2.

EUR USD

The EUR traded higher against the USD and closed at 1.1307.

ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

The pair is expected to find support at 1.12849, and a fall through could take it to the next support level of 1.12624. The pair is expected to find its first resistance at 1.13347, and a rise through could take it to the next resistance level of 1.13620.

EUR USD previous Day range was 49.8 and Current Day Range is 17.5.

USD CAD


The USD traded little higher against CAD and closed at 1.3349.

Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.

The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.

Survey results are seasonally adjusted.

A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.

Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic conditions and financial outlook in the country.

 Changes in the interest lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency.

 According to the analysis, pair is expected to find support at 1.33134, and a fall through could take it to the next support level of 1.32778. The pair is expected to find its first resistance at 1.33723, and a rise through could take it to the next resistance level of 1.33956.

 USD CAD previous day range was 58.9 and current day range is 25.

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#59 Đã gửi : 07/03/2019 lúc 01:38:22(UTC)
xtreamforex


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Technical Overview of USD/JPY,

EUR/USD and GBP/USD Currency Pairs


USD JPY


The USD traded lower against the JPY and closed at 111.761.

 

Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.

GDP growth can have a positive effect on yen quotes.

According to the Analysis, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.

Previous Day range was 3000 and Current Day Range is 1890.

EUR USD


The EUR traded higher against the USD and closed at 1.1306.

ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.

Cut in deposit rates may have a negative effect on EUR quotes.

Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.

GDP allows evaluating the rate of the economic growth and living standard of the population.

The growth of the indicator value can have a positive effect on euro quotes.

The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.

EUR USD previous Day range was 36.7 and Current Day Range is 12.6.

GBP USD

The GBP traded little higher against USD and closed at 1.3168.

Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

The indicator growth can have a negative effect on US dollar quotes.

According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.

GBP USD previous day range was 56.1 and current day range is 16.6.

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#60 Đã gửi : 08/03/2019 lúc 12:55:52(UTC)
xtreamforex


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Technical Overview of USD/CHF,

NZD/USD and AUD/USD Currency Pairs


USD CHF


The USD traded lower against the CHF and closed at 1.0113.

According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.

Previous Day range was 88.6 and Current Day Range is 14.1.

 

NZD USD


The NZD traded higher against the USD and closed at 0.6751.

The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.

NZD USD previous Day range was 46.9 and Current Day Range is 23.7.

 

AUD USD


The AUD traded little lower against USD and closed at 0.7015.

According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.

AUD USD previous day range was 46.5 and current day range is 22.2.

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#61 Đã gửi : 11/03/2019 lúc 01:01:23(UTC)
xtreamforex


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Technical Overview of EUR/USD,

NZD/USD and USD/JPY Currency Pairs


Eur usd

The EUR traded lower against the USD and closed at 1.1234.

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, The pair is expected to find support at 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.

Previous Day range was 60.2 and Current Day Range is 14.

NZD USD


The NZD traded lower against the USD and closed at 0.6804.

Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.

NZD USD previous Day range was 62.4 and Current Day Range is 19.8.

USD JPY


The USD traded little lower against JPY and closed at 111.168.

According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.

USD JPY previous day range was 8510 and current day range is 2750.

 

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#62 Đã gửi : 12/03/2019 lúc 01:00:04(UTC)
xtreamforex


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Technical Overview of GBP/USD,

AUD/USD and USD/CHF Currency Pairs


GBP USD

The GBP traded higher against the USD and closed at 1.3149.

 

·    GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.

·    The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.

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.

Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly also Thursday. There's no exact time for the vote but it will be after the debates, which usually end evening time in the UK. That puts a vote somewhere after 18/19 GMT or 2pm/3pm NY time. It could be even later but it shouldn't be earlier than 18 GMT. This week's vote will determine 3 things -

  1. Will the UK accept the EU's withdrawal agreement
  2. Will the UK rule out leaving with no deal
  3. Will Article 50 be extended?

According to the Analysis, The pair is expected to find support at 1.30160, and a fall through could take it to the next support level of 1.28829. The pair is expected to find its first resistance at 1.32251, and a rise through could take it to the next resistance level of 1.33011.

Previous Day range was 209.1 and Current Day Range is 139.3.

AUD USD


The AUD traded higher against the USD and closed at 0.7068.

FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

The pair is expected to find support at 0.70375, and a fall through could take it to the next support level of 0.70069. The pair is expected to find its first resistance at 0.70876, and a rise through could take it to the next resistance level of 0.71071.

AUD USD previous Day range was 50.1 and Current Day Range is 22.8.

USD CHF


The USD traded little higher against CHF and closed at 1.0105.

According to the analysis, pair is expected to find support at 1.00768, and a fall through could take it to the next support level of 1.00483. The pair is expected to find its first resistance at 1.01266, and a rise through could take it to the next resistance level of 1.01479.

USD CHF previous day range was 49.8 and current day range is 14. 

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#63 Đã gửi : 13/03/2019 lúc 01:48:21(UTC)
xtreamforex


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


GBP USD

The GBP traded higher against the USD and closed at 1.3068.

Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around. 

Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.

The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.

The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.

Previous Day range was 280.6 and Current Day Range is 30.6.

EUR USD


The EUR traded lower against the USD and closed at 1.1287.

The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.

EUR USD previous Day range was 60.3 and Current Day Range is 6.8.

USD CAD


The USD traded little higher against CAD and closed at 1.3353.

Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

The index allows forecasting future production volumes in the short term.

The value growth can have a positive effect on dollar quotes.

According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.

 USD CAD previous day range was 65 and current day range is 21.1.

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#64 Đã gửi : 14/03/2019 lúc 01:20:29(UTC)
xtreamforex


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Technical Overview of USD/JPY,

AUD/USD and USD/CHF Currency Pairs


USD JPY

The USD traded higher against the JPY and closed at 111.137.

BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

Interest rate growth can have a positive impact on yen quotes.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.941, and a fall through could take it to the next support level of 110.746. The pair is expected to find its first resistance at 111.396, and a rise through could take it to the next resistance level of 111.656.

 

Previous Day range was 4550 and Current Day Range is 4850.


AUD USD


The AUD traded lower against the USD and closed at 0.7093.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

The pair is expected to find support at 0.70621, and a fall through could take it to the next support level of 0.70310. The pair is expected to find its first resistance at 0.71110, and a rise through could take it to the next resistance level of 0.71288.

AUD USD previous Day range was 48.9 and Current Day Range is 35.1.

USD CHF


The USD traded little higher against CHF and closed at 1.0036.

According to the analysis, pair is expected to find support at 1.00136, and a fall through could take it to the next support level of 0.99908. The pair is expected to find its first resistance at 1.00719, and a rise through could take it to the next resistance level of 1.01074.

USD CHF previous day range was 58.3 and current day range is 15.4.

 

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#65 Đã gửi : 15/03/2019 lúc 02:30:05(UTC)
xtreamforex


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Technical Overview of GBP/USD,

NZD/USD and USD/JPY Currency Pairs


GBP USD

 

The GBP traded higher against the USD and closed at 1.3239.

 

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

 

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.

 

Previous Day range was 128.7 and Current Day Range is 49.9.


NZD USD


The NZD traded higher against the USD and closed at 0.6817.

 

BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.

 

The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.

 

NZD USD previous Day range was 56.7 and Current Day Range is 30.3.

 

 

USD JPY


The USD traded little lower against JPY and closed at 111.693.

 

BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

 

Interest rate growth can have a positive impact on yen quotes.

 

According to the analysis, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.

USD JPY previous day range was 6970 and current day range is 4020.

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#66 Đã gửi : 18/03/2019 lúc 01:05:17(UTC)
xtreamforex


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Technical Overview of EUR / USD, USD / CAD and AUD / USD Currency Pairs

EUR USD

The EUR values ​​have been replaced with the USD and closed at 1,1324.

According to the determination, the Four-time display of the expected to find support at 1.12993, and a pass through can take it to the next support of 1.12750. The Pair job is expected to find the first job at 1,13460, and one can continue it to continue the Resistance mode of 1.13684.

Previous Day range was 46.7 and Current Day Range is 18.8.

USD CAD

The converted prices below with CAD and close at 1.3341.

The Pair work is expected to find support at 1.32963, and the past collector can get it to support continuation of 1.32517. The Pair job is expected to find its first, 1,33782, and one continues to get it according to the level of 1.34155.

USD CAD previous Day range was 81.9 and Current Day Range is 30.2.

AUD USD

The AUD traded higher against USD and closed at 0.7085.

As of the Analysis Analysis, was expecting to find support at 0.70652, and a miniature was able to retrieve it to support the next of 0.70456. The Pair operations are expected to find the first resistance at 0.71007, and one continues to be able to retrieve it according to the level of 0.71166.

AUD USD previous day range was 35.5 and current day range is 36.8.

Sửa bởi người viết 18/03/2019 lúc 01:07:43(UTC)  | Lý do: Chưa rõ

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#67 Đã gửi : 19/03/2019 lúc 01:48:03(UTC)
xtreamforex


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Cyprus

Technical Overview of AUD/USD,

USD/JPY and GBP/USD Currency Pairs


AUD USD

 

The AUD traded higher against the USD and closed at 0.7102.

 

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, Four hour chart shows that the pair is expected to find support at 0.70803, and a fall through could take it to the next support level of 0.70583. The pair is expected to find its first resistance at 0.71218, and a rise through could take it to the next resistance level of 0.71413.

 

Previous Day range was 41.5 and Current Day Range is 21.6.


USD JPY


The USD traded lower against the JPY and closed at 111.425.

 

The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility.

 

Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

 

The pair is expected to find support at 111.274, and a fall through could take it to the next support level of 111.123. The pair is expected to find its first resistance at 111.601, and a rise through could take it to the next resistance level of 111.777.

 

USD JPY previous Day range was 3270 and Current Day Range is 2850.

 

 

GBP USD


The GBP traded higher against USD and closed at 1.3252.

 

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 1.31909, and a fall through could take it to the next support level of 1.31299. The pair is expected to find its first resistance at 1.33056, and a rise through could take it to the next resistance level of 1.33593.

 

GBP USD previous day range was 114.7 and current day range is 37.3.

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#68 Đã gửi : 20/03/2019 lúc 02:09:47(UTC)
xtreamforex


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Technical Overview of EUR/USD,

USD/CHF and NZD/USD Currency Pairs


Eur usd

The EUR traded lower against the USD and closed at 1.1351.

This report, released by Federal Reserve, includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.13357, and a fall through could take it to the next support level of 1.13202. The pair is expected to find its first resistance at 1.13639, and a rise through could take it to the next resistance level of 1.13766.

Previous Day range was 28.2 and Current Day Range is 13.9.


USD CHF


The USD traded higher against the CHF and closed at 0.9991.

Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

 

The pair is expected to find support at 0.99791, and a fall through could take it to the next support level of 0.99668. The pair is expected to find its first resistance at 1.00092, and a rise through could take it to the next resistance level of 1.00270.

USD CHF previous Day range was 30.1 and Current Day Range is 13.8.

NZD USD


The NZD traded lower against USD and closed at 0.6853.

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.

According to the analysis, pair is expected to find support at 0.68389, and a fall through could take it to the next support level of 0.68245. The pair is expected to find its first resistance at 0.68694, and a rise through could take it to the next resistance level of 0.68855.

NZD USD previous day range was 30.5 and current day range is 28.

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#69 Đã gửi : 26/03/2019 lúc 02:15:38(UTC)
xtreamforex


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Cyprus

Technical Overview of AUD/USD,

USD/JPY and GBP/USD Currency Pairs


AUD USD

The AUD traded higher against the USD and closed at 0.7111.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70786, and a fall through could take it to the next support level of 0.70463. The pair is expected to find its first resistance at 0.71299, and a rise through could take it to the next resistance level of 0.71489.

Previous Day range was 51.3 and Current Day Range is 19.5.


USD JPY


The USD traded higher against the JPY and closed at 109.956.

The pair is expected to find support at 109.702, and a fall through could take it to the next support level of 109.448. The pair is expected to find its first resistance at 110.223, and a rise through could take it to the next resistance level of 110.490.

USD JPY previous Day range was 5210 and Current Day Range is 3280.

 

GBP USD


The GBP traded lower against USD and closed at 1.3191.

According to the analysis, pair is expected to find support at 1.31516, and a fall through could take it to the next support level of 1.31124. The pair is expected to find its first resistance at 1.32369, and a rise through could take it to the next resistance level of 1.32830.

GBP USD previous day range was 85.3 and current day range is 41.

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#70 Đã gửi : 28/03/2019 lúc 02:03:52(UTC)
xtreamforex


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Technical Overview of USD/JPY,

USD/CAD and AUD/USD Currency Pairs


USD JPY

The USD traded lower against the JPY and closed at 110.507.

The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.260, and a fall through could take it to the next support level of 110.014. The pair is expected to find its first resistance at 110.730, and a rise through could take it to the next resistance level of 110.954.

Previous Day range was 4700 and Current Day Range is 4110.


USD CAD

The USD traded lower against the CAD and closed at 1.3408.

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.

The pair is expected to find support at 1.33769, and a fall through could take it to the next support level of 1.33456. The pair is expected to find its first resistance at 1.34395, and a rise through could take it to the next resistance level of 1.34708.

USD CAD previous Day range was 62.6 and Current Day Range is 22.1.

AUD USD

The AUD traded higher against USD and closed at 0.7083.

According to the analysis, pair is expected to find support at 0.70535, and a fall through could take it to the next support level of 0.70244. The pair is expected to find its first resistance at 0.71265, and a rise through could take it to the next resistance level of 0.71704

AUD USD previous day range was 73 and current day range is 25.9.

 

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