Page 14 of 27 FirstFirst ... 4121314151624 ... LastLast
Results 131 to 140 of 267
 0 Attachment(s)    

Thread: Forex Analysis by LiteForex

  1. #131

    Default

    USD/CAD: general review

    Current trend
    Yesterday the pair substantially strengthened amid the publication of labour market data in the US. Initial Jobless Claims unexpectedly fell to 247 thousands while economists predicted a growth to 263 thousands. In addition, the number of Continuous Claims shrank by almost 40 thousands.
    Today attention needs to be paid to data on the Consumer Price Index in Canada and Markit PMI’s in the US.

    Support and resistance
    On the 4-hour chart, the pair is trading in the upper Bollinger band while the price range narrowed, which indicates that the trend will likely change in the nearest future. MACD histogram is in the negative zone and its volumes are growing. Stochastic has left the overbought zone suggesting a fall continuation.
    The indicators recommend short positions.
    Support levels: 1.2691, 1.2644, 1.2619, 1.2591.
    Resistance levels: 1.2752, 1.2764, 1.2794, 1.2855, 1.2889, 1.2944, 1.2993.

    Trading tips
    Long positions can be opened after the breakout of the level of 1.2764 with the target at 1.2855 and stop-loss at 1.2691. Validity – 1-2 days.
    Short positions can be opened from the level of 1.2691 with the target at 1.2619 and stop-loss at 1.2752. Validity – 1-2 days.

  2. #132

    Default

    GBP/USD: review and forecast

    Current trend

    On Monday the GBP/USD pair opened with a gap up at 1.4462 and then corrected down to the level of 1.4420.

    Support and resistance
    The price range of Bollinger Bands is widening. The pair broke out the upper MA but then returned into the range and may continue moving down towards the middle MA of the indicator.

    Support levels: 1.4420, 1.4370, 1.4330, 1.4280.
    Resistance levels: 1.4490, 1.4550.

    Trading tips
    Short positions can be opened at the current levels with targets at 1.4370, 1.4280 and stop-loss at 1.4490.

    Pending buy orders can be placed above the level of 1.4490 with the target at 1.4550 and stop-loss at 1.4220.

  3. #133

    Default

    EUR/JPY: fall resumed

    Current trend
    Yesterday the pair resumed its fall after some strengthening in the previous week.
    The Euro was pressured by weak data from Germany where the IFO Business Climate in April fell from 106.7 to 106.6 points, while experts predicted a growth to 107.0 points. Furthermore, the IFO Expectations came out worse than forecasts as well amounting to 100.4 points. *
    At the same time, the Yen remains under pressure prior to the Bank of Japan Interest Rate Decision. According to expectations, the Japanese regulator could proceed with further monetary policy easing.

    Support and resistance
    Bollinger Bands on the daily chart is moving horizontally while the price range is widening. However, the price is trading above its upper border thus indicating the possibility of a downward correction. MACD is growing and giving a buy signal. Stochastic continues growing while in the overbought zone.
    The indicators recommend waiting for clearer trading signals.
    Support levels: 125.00 (local low), 124.22, 123.57 (21 April low), 123.06, 122.54, 122.07, 121.71 (18 April low).
    Resistance levels: 125.53 (local high), 126.16, 126.62, 127.30, 128.21 (31 March high), 128.75.

    Trading tips
    Long positions can be opened after the breakout of the level of 125.53 with targets at 126.16, 126.62 and stop-loss at 124.70. Validity – 2-3 days.
    Short positions can be opened after the breakdown of the level of 125.00 with the target at 123.00 and stop-loss at 125.53. Validity – 2-3 days.

  4. #134

    Default

    USD/CAD: general review

    Current trend
    Yesterday the pair continued falling amid the publication of poor macroeconomic statistics in the US. Durable Goods Orders grew by 0.8% while economists forecasted a 1.8% growth, while the S&P/Case-Shiller Home Price Indices grew by 5.4% that was also worse than forecasts. In addition, the Consumer Confidence fell to 64.2 points, against the forecasted 96.0 points.

    Today extra attention needs to be paid to the US Fed Interest Rate Decision. According to forecasts, there will be no changes in monetary policy.

    Support and resistance
    On the 4-hour chart, the pair is trading in the lower Bollinger band, while bands are directed down and widening. MACD histogram is in the negative zone, giving a sell signal. Stochastic is giving a buy signal.

    Support levels: 1.2574, 1.2548.
    Resistance levels: 1.2633, 1.2656, 1.2717, 1.2742, 1.2779, 1.2822, 1.2896.

    Trading tips
    Short positions can be opened from current prices with targets at 1.2574, 1.2548 and stop-loss at 1.2633. Validity – 1-2 days.

    Long positions can be opened after the breakout of the level of 1.2656 with targets at 1.2742, 1.2779 and stop-loss at 1.2633. Validity – 1-2 days.

  5. #135

    Default

    EUR/USD: general review

    Current trend
    The pair continues growing amid weakening in the US Dollar, which was slightly pressured by yesterday’s Fed Interest Rate Decision.

    As was expected, the rate remained unchanged. The statement, however, did not contain any hints on its possible increase at the July meeting. At the same time, employment in the US keeps growing that will later accelerate wages and inflation growth. In addition, strengthening oil prices will increase inflationary pressures as well. Therefore, the possibility of the next interest rate hike in the nearest term is quite high.

    Support and resistance
    The pair continues trading in the ascending channel.
    The nearest support level is at 1.1295.
    The nearest resistance level is at 1.1342.

    Trading tips
    Long positions can be opened from the level of 1.1342 with the target at 1.1386 and stop-loss at 1.1325.

  6. #136

    Default

    NZD/USD: general review

    Current trend
    The New Zealand Dollar was significantly supported by the RBNZ decision to keep its key interest rate unchanged at the current 2.25%, which allowed the pair to strengthen by more than 180 points. In addition, the pair was supported by today’s data on the ANZ Business Confidence. In March, the index grew from 3.2 to 6.2 points.

    Today attention also needs to be paid to data on Personal Income and Personal Spending in the US. According to forecasts, indices will grow that might support the US Dollar.

    Support and resistance
    On the 4-hour chart, the pair is growing along the upper MA of Bollinger Bands. MACD histogram is in the positive zone and its volumes are growing. Stochastic is falling after it has left the overbought zone.

    Support levels: 0.6960, 0.6930, 0.6915, 0.6885, 0.6850, 0.6820, 0.6800.
    Resistance levels: 0.6980, 0.7000, 0.7040, 0.7070.

    Trading tips
    Long positions can be opened from the level of 0.7000 with targets at 0.7040, 0.7070 and stop-loss at 0.6980. Validity – 1-3 days.
    Short positions can be opened from the level of 0.6960 with targets at 0.6915, 0.6885 and stop-loss at 0.6980. Validity – 1-3 days.

  7. #137

    Default

    AUD/USD: general review

    Current trend
    Last week the pair significantly fell amid the publication of weak data on the Consumer Price Index in Australia. In the first quarter, the index fell by 0.2% while economists forecasted a 0.3% growth.

    At the same time, the pair was supported by today’s data on TD Securities Inflation from Australia that showed a 0.1% growth in the index. Today attention also needs to be paid to data on the Markit and ISM Manufacturing PMI’s from the US. Data above the forecasts might support the US Dollar.

    Support and resistance
    On the 4-hour chart, the pair is trading in the upper Bollinger band. MACD histogram is in the negative zone and its volumes are almost not changing. Stochastic is growing.

    Support levels: 0.7610, 0.7580, 0.7560, 0.7540, 0.7500.
    Resistance levels: 0.7640, 0.7650, 0.7670, 0.7700, 0.7725, 0.7750, 0.7780, 0.7830.

    Trading tips
    Long positions can be opened from the level of 0.7650 with targets at 0.7700, 0.7750 and stop-loss at 0.7610. Validity – 1-2 days.
    Short positions can be opened from the level of 0.7610 with targets at 0.7580, 0.7560 and stop-loss at 0.7630. Validity – 1-2 days.

  8. #138

    Default

    GBP/USD: general review

    Current trend
    The pair continues growing amid strengthening in the GPB. The Pound is supported by a substantially increased probability that the UK will remain in the European Union. According to the latest survey, the number of those ready to vote for staying in the EU exceeds the number of supporters of country’s exit.

    In addition, the Pound was supported by the Bank of England decision to leave unchanged its key interest rate and the size of its quantitative easing program. At the same time, consumer inflation remains far from the Bank’s target of 2%, so in the nearest future monetary policy will stay easy.

    Support and resistance
    The price broke out the upper border of the sideways channel and is currently consolidating above it.
    The RSI reached the 70 mark suggesting the possibility of a downward correction.

    The nearest support level is at 1.4694.
    The nearest resistance level is at 1.4755.

    Trading tips
    Short positions can be opened from the level of 1.4735 with the target at 1.4690 and stop-loss at 1.4755.

  9. #139

    Default

    NZD/USD: general review

    Current trend
    Yesterday the pair significantly fell amid the publication of weak statistics on manufacturing production in China. In addition, the pair was pressured by today’s labour market data from New Zealand, where the Unemployment Rate grew from 5.3% to 5.7% while economists predicted a growth to 5.5%.

    Today attention also needs to be paid to data on the ADP Employment Change and Trade Balance in the US. According to forecasts, the trade balance deficit will shrink to 41.5 billion USD, while the number of employed will amount to 196 thousands. The data could provide additional support to the US Dollar.

    Support and resistance
    On the 4-hour chart, the pair is falling along the lower MA of Bollinger Bands. MACD histogram is near the zero line. Stochastic is turning up in the oversold zone.

    Support levels: 0.6885, 0.6850, 0.6820, 0.6800.
    Resistance levels: 0.6915, 0.6930, 0.6960, 0.6980, 0.7000, 0.7040, 0.7070.

    Trading tips
    Long positions can be opened from current prices with targets at 0.6930, 0.6960, 0.6980 and stop-loss at 0.6870. Validity – 1-2 days.
    Short positions can be opened from the level of 0.6860 with targets at 0.6820, 0.6800 and stop-loss at 0.6885. Validity – 1-2 days.

  10. #140

    Default

    USD/JPY: general analysis

    Current trend
    Yesterday the USD/JPY pair strengthened. The American currency was supported by favorable macroeconomic statistics, released in the US in the afternoon. In particular, the US trade deficit shrank from $47.00 billion to $40.40 billion, exceeding the forecast of $41.50 billion. Moreover, ISM Non-Manufacturing PMI was up from 54.7 to 55.7 points.

    On Friday dynamics in the pair can be influenced by data on Unemployment Rate and Nonfarm Payrolls, due in the US.

    Support and resistance
    On the 4-hour chart, the pair is correcting at the upper MA of Bollinger Bands. The indicator is directed horizontally while the price range is widening. MACD histogram is in the negative zone; its volumes are falling. The indicator is forming a buy signal. Stochastic has turned down in the overbought zone.

    The indicators recommend waiting for clearer trading signals.

    Support levels: 106.90, 106.62, 106.24, 106.02, 105.71.
    Resistance levels: 107.56, 107.97, 108.40, 108.91, 109.31.

    Trading tips
    Short positions can be opened after the level of 106.62 is broken down with the target at 105.71 and stop-loss at 106.90. Validity – 1-2 days.
    Long positions can be opened after the level of 107.56 is broken out with the target at 107.97 and stop-loss at 106.90. Validity – 1-2 days.

Similar Threads

  1. LiteForex
    By fx1618.com in forum Brokers
    Replies: 438
    Last Post: 12-07-2016, 09:20
  2. FOREX Analysis
    By mostafa in forum Technical analysis
    Replies: 37
    Last Post: 03-26-2016, 06:14
  3. Forex analysis
    By Lucien in forum Trading discussion
    Replies: 3
    Last Post: 12-29-2014, 14:03
  4. Weekly Forex Market Analysis By FxErvin (( Gann Analysis ))
    By Fxervin.com in forum Technical analysis
    Replies: 89
    Last Post: 07-20-2012, 19:36

Tags for this Thread

analysis, forex, forex analysis, forex market, liteforex

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •