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Thread: Forex Analytics By Forexmart

  1. #1

    Default Forex Analytics By Forexmart

    Hello Forum Members!

    I am Andrea, an official representative of ForexMart.

    Me and my colleagues will post daily technical and fundamental analysis on this thread to keep you updated about the market and help you increase your trading efficiency.

    Thank you!
    Andrea ForexMart, Official Representative


  2. #2

    Default Technical Analysis for USD/JPY: January 26

    Last week. The S&P 500 (Standard & Poor's 500) index tried out the lowest levels of 2015 which we have seen a sturdy demand and the increase of price. As a funding currency, it has been a negative factor for Japanese yen the expanded demand for "risky assets". The US stock energy sector has been put through leaders due to the fleet oil quotations.

    The first support occurs at 118.40 and at 117.80 subsequently. The first resistance stands at 119.20 and at 120.40.

    A sturdy buy signal has been established. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. An ascending motion creating a "Golden Cross" is made by Tenkan-sen and Kijun-sen. The ascending movement will be until the price is over the Cloud.

    The MACD indicator is in a negative area. The price is increasing.

    The pair can head to the resistance level of 119.20. If this happens, a further growth towards 120.40 is possible.
    Attached Images Attached Images Forex Analytics By Forexmart-usdjpyh426-png 
    Andrea ForexMart, Official Representative


  3. #3

    Default Technical Analysis for EUR/USD: January 27

    A negative factor for the solitary European currency was the downfall of the IFO indicator to its bottommost level for eleven (11) months. Its negative statistics stimulates the market as it is nearly connected with the German Gross Domestic Product dynamics. A constant displeasure felt by the traders is an aftermath of deceleration of the German economic development.

    And also, take notice of the insurgence of negativity in the mechanical engineering and automotive industry primarily given by low exports.

    The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance stands at 1.0925 and at 1.1050 subsequently.

    A sturdy sell signal has been established. The price is under the Ichimoku Cloud and it is below the Chikou Span. The Kijun-sen is shows a horizontal motion while the Tenkan-sen is in descending motion. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative area. The price is declining.

    The level under 1.0730 will signalize the sellers. The price may head to 1.0630 shortly. The barrier for the pair's growth is the level of 1.0925. If this happens, the EUR/USD pair could head up to 1.1050
    Attached Images Attached Images Forex Analytics By Forexmart-eurusdh427-png 
    Andrea ForexMart, Official Representative


  4. #4

    Default Technical Analysis for USD/JPY: January 28

    Though the desire for risk is soaring among investors, we should expect an expansion in USD/JPY pair. An indisputable quarterly records of US organizations put back growth on the market. Being the funding currency, the yen will be under pressure as the stock market and the increase in cross-rates specify carry trade locations growth. The US and Japanese government bonds divergent lucrativeness has lengthen as the debt market establishes the pair's ascending trend.


    The initial support occurs at 118.40 and at 117.80 subsequently. The initial resistance stands at 119.20 and at 120.40 subsequently.


    A sturdy buy signal has been established. The price is over the Ichimoku Cloud which is on top of the Chikou Span. Showing an ascending motion, a "Golden Cross" is being build by the Tenkan-sen and Kijun-sen. The ascending motion will be until the price is over the Cloud. The MACD indicator is in a positive area. The price is increasing.
    Attached Images Attached Images Forex Analytics By Forexmart-usdjpyh428-png 
    Andrea ForexMart, Official Representative


  5. #5

    Default Fundamental Analysis: January 29

    The disorder in the financial market perturbed the US Federal Reserve. The report of the Fed did not affect the EUR/USD pair or even the other assets. The outcome of the Fed's two-day conference is continually assessed by the investors. The trades of the pair EUR/USD were stopped yesterday.

    The Germany surmounted the initial inflation statistics whose development rate may expedite to 0.5% from 0.3%. The inflation dynamics of Germany is relatively good which causes the European Central Bank to be attentive to its quantitative easing program. The data occurs at the reported median. The EUR/USD signifies an increase by the end of the trades.

    The reported number of Initial Jobless Claims was 282, 000 but it reached only 278,000. In spite of the fact that all clear signs of perennial unemployment growth are discerned which has a negative effect on the general unemployment volume, the labor market is stable. Moreover, the expected the rigid goods decreased by 0.6%, nevertheless, the decline was 5.1%.

    The fourth quarter Gross Domestic Product of the UK was issued yesterday. As it was reported, the growth rate of the GDP for the first nine (9) months of 2015 was 2.27%. Take notice of the UK economy, wherein the first nine (9) months of 2014, the growth rate was 2.87% which shows its slowdown phase. The data occurs at the reported median. The GBP/USD pair signifies an increase by the end of the trades.

    The currency pair USD/JPY is still in a tapered channel trading. Anyway, pressure on the yen is been building up as the Bank of Japan will declare the next simplification measures by the end of the two days conference. Japan forecasted the retail sales which reduced by 1.1% similarly in the relative period in 2014.
    Attached Images Attached Images Forex Analytics By Forexmart-eurusdh429-png 
    Andrea ForexMart, Official Representative


  6. #6

    Default Technical Analysis for GBP/USD: February 1

    In 2015, the Gross Domestic Product of UK heightened by 2.2%. The increase of the price may still proceed even though the economic deceleration is a negative factor for the currency as the pound was in a recovering stage to the descending trend.

    We should not hope for a positive data as stated by the US Gross Domestic Product leading indicators. The deliverance went worse than it was expected as it goes 0,7% versus the reported 0,8%.

    The initial support occurs at 1.4160 and at 1.4080 subsequently. The initial resistance stands at 1.4240 and at 1.4320 subsequently.

    A weak and non-confirmed sell signal appears. The price is below the Ichimoku Cloud and it is beneath the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen shows a horizontal motion. The descending movement will be until the price is below the Cloud. The MACD indicator is in a positive location. The price is retrieving.

    The ascending possible target are 1.4320 and 1.4400.
    Attached Images Attached Images Forex Analytics By Forexmart-gbpusdh401-png 
    Andrea ForexMart, Official Representative


  7. #7

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    Hello Forum Members!

    The conversation on this thread has been moved to a new one. Kindly follow us here: Daily Market Analysis from ForexMart

    Thank you!
    Andrea ForexMart, Official Representative


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