Page 6 of 27 FirstFirst ... 4567816 ... LastLast
Results 51 to 60 of 267
 0 Attachment(s)    

Thread: Forex Analysis by LiteForex

  1. #51

    Default

    XAU/USD: pair remains within range
    *
    Current trend

    On Monday, the price of gold declined by 0.7% to $1068 per ounce.
    US Fed aims at gradual tightening of monetary policy. As long as the US Dollar will be strengthening, the price of gold is likely to remain under pressure. Borrowing costs for purchase and storage of gold tend to increase.
    From 3:30 to 8:00 pm (GMT+2) attention needs to be paid to US news releases, among which Consumer Confidence data for December. The indicator is expected to be up to 93.8 from 90.4 points that will support the US Dollar.
    *
    Support and resistance

    In December, the XAU/USD pair has been trading within the range of 1085.00-1050.00.
    On the 4-hour chart, OsMA and Stochastic recommend long positions, but a growth in the pair is limited by the resistance levels of 1075.00 (EMA144) and 1080.00 (EMA200 on the 4-hour chart). On the daily chart, the indicators have started giving sell signals. However, due to a lack of drivers, the price is likely to remain within the range.
    Fundamental factors create prerequisites for a further decline in the price of gold.
    Support levels: 1071.00, 1067.00, 1060.00, 1050.00.
    Resistance levels: 1075.00, 1080.00, 1085.00.
    *
    Trading tips

    Short positions can be opened from the level of 1068.00 with targets at 1050.00, 1040.00, 1010.00 and stop-loss at 1077.00.
    Long positions can be opened from the level of 1082.00 with targets at 1085.00, 1088.00 and stop-loss at 1079.00.

  2. #52

    Default

    Brent: review and forecast

    Current trend
    Yesterday, the price of Brent crude oil fell when the American Petroleum Institute published its weekly estimate of US crude oil inventories. Last week, crude oil stocks increased by 2.9 million barrels while analysts expected a decline by 2.5 billion barrels.

    Support and resistance
    Bollinger Bands indicator on the 4-hour chart is directed down so the price is likely to continue declining. Though MACD histogram is in the positive zone, its volumes are falling.
    Support levels: 36.80, 36.35, 35.90.
    Resistance levels: 38.00, 39.00, 40.00.

    Trading tips
    Short positions can be opened at the current level with targets at 36.35, 35.90.
    Long positions can be opened if the price consolidates above the level of 38.00 with targets at 39.00, 40.00.

  3. #53

    Default

    GBP/USD: general analysis
    *
    Current trend

    Nationwide Housing Prices data has been released today in the UK. Despite the indicator came in at 4.5% in annual terms, the GBP/USD pair fell to its April lows. At present, a correction might start – the price has turned up and is trading in the area of 1.4823.
    Not much macroeconomic data is released ahead of the New Year holidays. Today, attention needs to be paid to Pending Home Sales statistics, due in the US. Analysts forecast the indicator to come in at 0.5% from 0.2% that might support the US Dollar. Nevertheless, no high trading activity should be expected.
    Support and resistance
    On the 4-hour chart, MA50, MA100 and MA144 are above the current price and directed down, indicating a fall in the pair. MACD histogram is in the negative zone, and its volumes remain almost unchanged. The DI lines of ADX are directed down; according to the indicator, the price tends to decline.
    During the day, the pair is likely to be trading within the channel 1.4791-1.4876.
    Support levels: 1.4791 (lower MA of Bollinger Bands).
    Resistance levels: 1.4876 (middle MA of Bollinger Bands), 1.4922, 1.4963.
    *
    Trading tips

    Long positions can be opened at the current level with the target at 1.4876 and stop-loss at 1.4800.
    Short positions can be opened from the level of 1.4876 with the target at 1.4800.
    Validity – 1-2 days.

  4. #54

    Default

    USD/CAD: general review
    Current trend
    Last week there were very few macroeconomic publications and the pair was trading in the narrow range. The pair was pressured by poor US data on Jobless Claims and Pending Home Sales that came out worse than forecasts.
    Today attention needs to be paid to the ISM Manufacturing PMI in the US that is forecasted to fall to 49.0 points.
    Support and resistance
    On the daily chart, the pair is trading in the upper Bollinger band. Moving averages with 50, 100 and 144 periods remain below the price and directed up indicating an upward trend in the pair. MACD histogram is in the positive zone and its volumes are falling. ADX is falling, DI lines directed down.
    Supportlevels: 1.3772 (middle MA of Bollinger Bands), 1.3591, 1.3592, 1.3454.
    Resistancelevels: 1.4000 (middle of December high).
    Trading tips
    Long positions can be opened from current prices with the target at 1.4000 and stop-loss at 1.3830.
    Short positions can be opened after the price consolidation below the level of1.3772 with the target at 1.3660 and stop-loss at 1.3830.

  5. #55

    Default

    USD/JPY: pair fell

    Current trend
    Since the beginning of the week, the pair significantly fell amid growing tensions in the Middle East where Saudi Arabia on Sunday cut off their diplomatic ties with Iran. At present, investors prefer to switch their funds into safe-haven currencies, one of which is the Yen.
    At the same time, the Dollar was unexpectedly supported by poor macroeconomic statistics from the US. The ISM Manufacturing PMI for December fell from 48.6 to 48.2 points, while economists predicted a growth to 49.0 points.

    Support and resistance
    Bollinger Bands on the daily chart is moving down while the price range is widening. However, the indicator points out to a possibility of the correctional growth in the pair. MACD is falling. Stochastic left the oversold zone and turned horizontally.
    The indicators recommend waiting for clearer trading signals.
    Support levels: 119.39 (local low), 119.05, 118.67 (yesterday low), 118.24, 118.00.
    Resistance levels: 119.69 (local high), 120.00 (psychologically important level), 120.16, 120.34, 120.56, 120.83, 121.00.

    Trading tips
    Long positions can be opened after the breakout of the level of 120.00 (with the appropriate indicators signals) with the target at 121.00 and stop-loss at 119.50. Validity – 2-3 days.
    Short positions can be opened after the breakdown of the level of 119.00 with the target at 118.00 and stop-loss at 119.60. Validity – 2-4 days.

  6. #56

    Default

    EUR/USD: technical analysis
    EUR/USD, D1
    On the daily chart, the pair has failed to break out the 61.8% Fibonacci fan line and turned down. The price is falling along the lower MA of Bollinger Bands and is currently forming the second close below the line. The price remains below its moving averages that are directed down. The RSI broke down important support line and falling towards its November supports. The Composite is reaching its critical levels suggesting a room for further decline is limited.
    EUR/USD, H4
    On the 4-hour chart, the pair is correcting up from the lower MA of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI turned up after it formed a Bullish divergence with the price. The Composite is about to test its yesterday’s resistance level.
    Key levels
    Support levels: 1.0710 (local lows), 1.0673 (November lows), 1.0550 (December lows).
    Resistance levels: 1.0801 (active trade), 1.0837 (local highs), 1.0927 (beginning of the week highs).
    Trading tips
    Short positions can be opened below the level of 1.0710 with targets at 1.0673, 1.0565 and stop-loss at 1.0745. Validity – 2-3 days.
    Long positions can be opened above the level of 1.0837 with the target at 1.0917 and stop-loss at 1.0795. Validity – 2-3 days.

  7. #57

    Default

    AUD/USD: pair is falling

    Current trend
    Yesterday the pair continued falling amid strengthening since the beginning of the week US Dollar.
    The Dollar was supported by growing tensions in the Middle East between Saudi Arabia and Iran. In addition, the pair is under pressure amid slowing Chinese economy. The Caixin China Services PMI for December that was published on Wednesday showed a decline in the index from 51.2 to 50.2 points that was significantly worse than economists predicted. Furthermore, the AiG Performance of Services Index in Australia fell in December from 48.2 to 46.3 points.

    Support and resistance
    Bollinger Bands on the daily chart is turning horizontally while the price range is widening. At the same time, the indicator formed a signal for correctional growth as the price has left the lower border of the range. MACD is falling and giving a very strong sell signal. Stochastic is in the oversold zone and trying to turn sideways, thus indicating a possibility of an upward correction.
    The indicators recommend waiting for clearer trading signals.
    Support levels: 0.7042 (local low), 0.7015, 0.6981 (end of September low), 0.6936 (29 September low), 0.6908 (4 September low).
    Resistance levels: 0.7068 (local high), 0.7100 (psychologically important level), 0.7128, 0.7158, 0.7183, 0.7200 (5 January high), 0.7234, 0.7259.

    Trading tips
    Long positions can be opened after the price rebound from the level of 0.7015 (with the appropriate indicators signals) with targets at 0.7130, 0.7160, 0.7200 and stop-loss at 0.6960. Validity – 2-3 days.
    Short positions can be opened after the breakdown of the level of 0.7015 with the target at 0.6900 and stop-loss at 0.7070. Validity – 2-3 days.

  8. #58

    Default

    EUR/USD: technical analysis
    EUR/USD, D1
    On the daily chart, the pair is correcting down from the middle MA of Bollinger Bands as it bounced off the top border of a descending channel. The price remains below the EMA130 and EMA65, both directed slightly down. The RSI failed to retest its end of December resistance and turned down. The Composite is about to test its longer MA.
    EUR/USD, H4
    On the 4-hour chart,the pair is falling from the upper MA of Bollinger Bands after it broke out the line few days ago.The price remains on the level with the EMA130 and EMA65 that are horizontal. The RSI bounced off the overbought zone and falling. The Composite is about to test its longer MA. The MFI turned down suggesting short-term buying pressure is falling.
    Key levels
    Support levels: 1.0834 (short-term trendline), 1.0798 (December lows), 1.0708 (local lows).
    Resistance levels: 1.0939 (upper border of the channel), 1.0993 (local highs), 1.1059 (December highs).
    Trading tips
    Short positions can be opened from the level of 1.0824 with the target at 1.0743 and stop-loss at 1.0865. Validity – 1-2 days.
    Long positions can be opened from the level of 1.0944 with the target at 1.0991 and stop-loss at 1.0926. Validity – 1-2 days.

  9. #59

    Default

    XAU/USD: general review

    Current trend
    Gold continues strengthening amid economic crisis in China, where within the first few minutes of trade the CSI300 index fell by almost 7% thus forcing the authorities to stop operations on the stock market.
    In addition, markets are worried about Chinese exchange reserves that in 2015 shrank by 512 billion Dollars. According to experts, the biggest chunk of it was spent trying to artificially support of the Yuan. The Chinese government also introduced limits on Dollar purchases thus trying to stabilise the national currency.
    Therefore, due to falling oil prices and instability in China the gold is likely to keep strengthening in the near terms.

    Support and resistance
    Support levels: 1097.66.
    Resistance levels: 1112.97.

    Trading tips
    Long positions can be opened from the level of 1100.00 with the target at 1147.00 and stop-loss at 1090.00.

  10. #60

    Default

    NZD/USD: general review

    Current trend
    Yesterday the pair was in an upward correction after a significant fall of the previous week.
    The pair is pressured by slowing Chinese economy, strengthening Dollar that found a significant support after the publication of strong macroeconomic statistics on the US labour market last Friday, and falling dairy prices.

    Support and resistance
    On the 4-hour chart, the pair is trading in the lower Bollinger band. Moving averages with 50, 100 and 144 periods remain above the price and directed down indicating a descending trend in the pair. MACD histogram is in the negative zone while its volumes remain unchanged. ADX suggest a fall in the pair, DI lines directed down.
    Support levels: 0.6505 (lower MA of Bollinger Bands, last week lows).
    Resistance levels: 0.6593, 0.6679, 0.6715, 0.6771, 0.6834, 0.6859, 0.6881.

    Trading tips
    Short positions can be opened from the level of 0.6540 with the target at 0.6510 and stop-loss at 0.6560. Validity – 1 day.
    Pending buy orders can be placed at the level of 0.6510 with the target at 0.6560 and stop-loss at 0.6500. Validity – 1 day.

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, 07:14
  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, 20:36

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
  •