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Thread: Fresh Forex forecast

  1. #11
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    GBP/JPY for April 20, 2016

    Resistance levels
    157.16,
    157.81,
    158.61

    Support levels

    154.76,
    154.06,
    153.41

  2. #12
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    NZD/USD for April 20, 2016

    Resistance levels
    0.7031,
    0.7066,
    0.7136

    Support levels


    0.6906,
    0.6906,
    0.6876

  3. #13
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    USD/CHF for April 20, 2016

    Resistance levels:

    0.9671,
    0.9711,
    0.9741

    Support levels

    0.9580,
    0.9560 ,
    0.9500

  4. #14
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    USD/JPY for April 20, 2016

    Resistance levels

    109.46,
    119.76,
    110.11

    Support levels:


    108.1,
    107.81,
    107.31

  5. #15
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    USD/CAD for April 20, 2016

    1.2630 Intraday Support

    1.2644 WS2

    1.2741 Intraday Resistance

    1.2809 WS1

    1.2913 Weekly Pivot

    1.2990 Intraday Resistance

    1.3081 WR1

    1.3182 WR2

  6. #16

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    EURUSD Elliot Waves Analysis For 26 May 2016
    26 May 2016, EUR/USD

    Wave Analysis:
    EUR/USD is currently trading with a strong bullish bias. Yesterday, the pair made a marginal higher high and even broke above 1.1166. Following this breakout, we expect further momentum to the upper side but should not close above 1.12177. This view remains valid as long as the pair trades above 1.1166, a clear breakout below 1.1166 and also below 1.1138 will lead to an acceleration to the lower side. This pair should be traded alongside EUR/CHF, GBP/USD, and AUD/USD. These pairs have a strong positive correlation of up to +0.85 and will likely have a similar price action during this week.
    Trade Recommendations:
    Wait for minor downward pullbacks towards 1.1166, then go long with your target at 1.12177. Sell positions are only ideal below 1.1138 with you ideal target at 1.1099.

    Check the website for more information: https://freshforex.com/analitics/fre...sue_77660.html

  7. #17

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    EURUSD Elliot Waves Analysis For 3 June 2016

    03 June 2016, EUR/USD

    EURUSD Elliot Waves Analysis For 3 June 2016
    Wave Analysis

    EUR/USD is currently trading with a slight bullish bias. Yesterday, wave (5) ended a bit earlier than expected and even closed below our target resistance level 1.12177, before heading massively short. Following the break below 1.1160, we expect the current upward rally to be a mere corrective upward rally and should not close above 1.1166, a break above this level may lead to an upward rally towards 1.1192 but should not close above 1.12177. Ideally, this pair is in an overall downward trend and may accelerate towards 1.1104 upon rebounding from the zone 1.1160-1.1166. This pair should be traded alongside Gold, EUR/GBP, and Silver. These commodities and Currencies have a strong positive correlation of up to +0.90 and will have a similar price action during this intraday.

    Trade Recommendations:

    If you are not short already, wait for the current upward rally to go short with your ideal target at 1.11045. Buy positions are only ideal if the current pullback close above 1.1166. If the latter is the case, then buy the pair with your targets at 1.1192 and 1.1217.
    Check the website for more information: https://freshforex.com/analitics/fre...sue_81681.html

  8. #18

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    Daily Forex market review 29 June 2016



    EUR/USD (Euro/dollar pair)

    US GDP for the first quarter was revised to the positive direction, and June's index of consumer confidence from the Conference Board rose to its highest level for the 8 months. Thus, economic growth ha accelerated in the United States, which favors US dollar.
    - ADX on the daily, 4-hours and the hourly charts indicates a flat.
    - RSI on the daily, 4-hours and the hourly charts indicates a flat as well.
    - We should open Sell positions at 1.1100 (one eleven double zero) and 1.1150 (one eleven fifty). As for Take profit orders, we should set them at 1.1040 (one ten forty) (area of the lower Bollinger bands indicator on the hourly chart).
    GBP/USD (Pound/dollar)
    - On 27 and 28 of June two largest international rating agencies Standard & Poor's and Fitch downgraded the UK's rating, that will force outflow of capital from the country.
    - ADX on the daily, 4-hours and the hourly charts indicates a flat.
    - RSI on the daily, 4-hours and the hourly charts indicates a flat as well.
    - The pair is in the flat, cause large market participants continue to build up short position in the market.
    - We should open Sell positions at 1.3390 (one thirty three ninety) and 1.3500 (one thirty five double zero). As for Take profit orders, we should set them at 1.3240 (one thirty two forty) (area of strong support level).
    USD/JPY (Dollar/Japanese Yen)
    - On tuesday the fear index S&P500 VIX showed a decline in the rate of 21.3% (twenty one dot three per cent) It indicates an increase in demand in risky assets and allows bulls testing the upper border within the range 101.39 -103.25. (one hundred and one dot thirty nine - one hundred and three dot twenty five)
    - ADX on the daily chart indicates a strong downtrend; whereas, on the 4-hour and the hourly charts it shows flat.
    - RSI on the daily, 4-hours and the hourly charts indicates a flat.
    - We should open Sell positions at 102.80 (one hundred and two dot eighty) and 103.20 (one hundred and one dot twenty) (area the upper Bollinger bands on the hourly chart) As for Take profit orders, we should set them at 102,00 (one hundred and two sharply) (area of the lower border Bollinger bands indicator on the hourly chart).

    More information

  9. #19

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    Daily Forex market review 30 June 2016



    EUR/USD (Euro/dollar pair)
    US report on private consumption for May indicates acceleration of economic growth in the second quarter, which is positive for US dollar.
    - ADX on the daily and 4-hour charts indicates a flat, on the hourly chart it is nearing the downtrend zone.
    - RSI on the daily, 4-hour charts and the hourly chart indicates a flat.
    - We should open Sell positions at 1.1140 (one eleven forty) and 1.1180 (one eleven eighty) (area of the upper Bollinger band on the hourly chart). As for Take profit orders, we should set them at 1.1060 (one ten sixty) (area of the lower border on the Bollinger bands indicator on the hourly chart).
    GBP/USD (Pound /dollar)
    - In credit markets, yield of the 10-years' UK government bonds has dropped against their counterparts from the USA and Germany, which makes investments in British assets less attractive. The bond market still conveys that sales of the pound are not over yet.
    - ADX on the daily and 4-hour charts indicates a flat, on the hourly chart it is nearing the downtrend zone.
    - RSI on the daily, 4-hour charts and the hourly chart indicates a flat.
    - We should open Sell positions at 1.3480 (one thirty four eighty) and 1.3530 (one thirty five thirty) (area of the upper Bollinger band on the hourly chart) As for Take profit orders, we should set them at 1.3350 (one thirty three fifty) (area of the lower Bollinger band indicator on the hourly chart).
    USD /JPY (Dollar/Japanese Yen)
    - Despite a strong growth of stock indices since the beginning of the trading week (for example, Nikkei 225 rose by 4.11% (four dot eleven per cent) and the Euro Stoxx 50 by 2.02% - two dot zero two per cent), the pair has completely ignored this positive background and demonstrated a modest growth by 0,3% (zero fot three per cent) . This indicates a large number of sellers on the market.
    - ADX on the daily chart indicates a strong downtrend; whereas on the 4-hour chart and hourly charts it indicates a flat.
    - RSI on the daily, 4-hour charts and the hourly chart indicates a flat.
    - We should open Sell positions at 102.90 (one hundred and two dot ninety) and 103.30 (one hundred and three dot thirty) (area the upper Bollinger band on the hourly chart). Open Take profit orders at 101.50 (one hundred and one dot fifty) (area of the lower border Bollinger band on the 4-hour chart).

    More information

  10. #20

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    Daily Forex market review 05 July 2016



    EUR/USD (Euro/dollar pair)
    - on Monday the Italian government said that is not going to solve problems of credit institutions at the expense of state. Problems in Italian banks (and not only they alone) and a lot of investors began to sell banks' shares in a hurry, which is negative for the euro.
    - ADX on the daily chart shows the flat; whereas on the hourly chart it shows the downtrend.
    - RSI is out of the oversoldness area and allows us holding Sell trades.
    - Recommendation: We should open Sell positions from 1.1140 (one eleven forty) and 1.1170 (one eleven seventy) (area of the middle and upper Bollinger bands, respectively). Set take profit at 1.1097 (one ten ninety seven) (a strong support).
    GBP/USD (Pound /dollar)
    - PMI index of the UK construction sector in June fell to its lowest level since October 2009 (two thousand and nine). In our opinion, this is just the beginning. Further we will receive an entire portion of weak macroeconomic statistics, cut of the rate by the Bank of England, increase of the QE (Quantitative Easing) package and decline of the pound to new multi-years Lows.
    - ADX on the daily chart shows the flat; the hourly chart shows the downtrend.
    - RSI on the hourly chart is in the oversoldness area, signaling a possible upward correction.
    - Recommendation: We should open Sell positions from 1.3260 (one thirty two sixty) and 1.3305 (one thirty three zero five) (area of the middle and upper Bollinger bands, respectively). Set take profit at 1,3119 (one thirty one nineteen) (a strong support)
    USD/JPY (Dollar/Japanese Yen
    - "Risk appetite" has dropped again, which plays into the hands of bears. Once again, dark clouds are above the European banking sector: the Italian government refused to provide banks with additional liquidity. The management of Deutsche Bank does not know what to do with bad assets. Very often, crises begins with the banking sector. In 2008, it were the US banks, now, 8 years later, apparently, it will be the European financial institutions.
    - ADX on the daily chart shows the flat; whereas on the 4-hour and hourly charts it shows the downtrend chart.
    - RSI hourly chart has formed a divergence in the oversoldness zone, indicating the upward correction.
    - Recommendation: We should open Sell positions from 102.30 (one hundred and two dot thirty) and 102.65 (one hundred and two dot sixty five) (the area of the middle Bollinger band). Set take profit at 100,82 (one hundred sharply dot eighty two (a strong support)

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