Daily Market Analysis from ForexMart
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  1. #101

    Default GBP/USD Technical Analysis : August 9, 2016

    After the cut rate handed by the BoE so as to avert the unfavorable impact brought by Brexit, the sterling pound remained closed at Friday.

    The GBP/USD continued to perform a short-term bearish pattern. The price of the pair is placed between 1.3000 and 1.3100 levels. Following the support stands at 1.2900 while the resistance is established at 1.2900.

    The momentum indicators, MACD and RSI disposed a sell signal which changed the indicators slightly on Friday.

    The trading instrument continuously move below the 50,100 and 200 EMAs as presented in the 4-hour chart.

    The GBP/USD is expected to mark a downward trend towards 1.2900 since the pair's outlook would gain a temporary growth close to 1.3175 at which the 50 and 100 EMAs exists.
    Attached Images Attached Images Daily Market Analysis from ForexMart-gbpusdh409-png 
    Andrea ForexMart, Official Representative

  2. #102

    Default AUD/USD Technical Analysis: August 10, 2016

    The National Australia Bank indicated a downward direction in Business Conditions. Aside from it, the financial markets sustained under pressured condition just as when oil prices had a markdown.

    AUD/USD established a positive result on Tuesday since the movement of the financial instrument progressed upward near its upper limit. The resistance stands at 0.7700, the support can be seen at 0.7600.

    As expected, the MACD is situated in the positive zone. MACD histogram ascended and determined the strength in the buyers. The RSI arrived in the overbought condition.

    The price of the pair oscillates in the 1-hour chart with 50-EMA. Its 50,100 and 200 day EMAs remained to upsurge, therefore all EMAS are in a higher position.

    AUD/USD is expected to have a short-term recovery close to 50-EMA or 0.7600 level whereby the pair is overbought and the currency price is going to have a growth and increase in the investment price.
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    Andrea ForexMart, Official Representative

  3. #103

    Default USD/JPY Technical Analysis: August 11 2016

    Current updates about the increased in the funds rates of U.S Fed for this year seems uncertain for the market since the pair USD/JPY gained a lower position and its trading position swing lowers and reached a downtrend risk with 101.00 level of support.

    The resistance level of the pair is positioned at 101.40, the support can be seen at 100.40

    The momentum indicator MACD turn over the negative zone whereby identifies the seller's strength, RSI has been settled in the oversold position.

    Presented in the 4-hour chart, the USD/JPY is inclined to the 50-EMA but move away again from it though the 50-EMA sustained an overwhelming level of resistance placed in the region of 102.00. The pair intersects in the 50, 100 and 200 moving averages directed towards the lower level of the selected time frame.

    Since the pair is highly pressured, the recent price of the pair is expected to expand in the 102.00 economic region where the 50-EMA is spotted. The pair's price may also move back and forth at the level of 100.40.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh411-png 
    Andrea ForexMart, Official Representative

  4. #104

    Default USD/JPY Technical Analysis: August 12, 2016

    The USD/JPY pair weakened further following the release of the Jobless Claims Report, with traders clamoring for a response from the Bank of Japan. Should the weak state of the pair continue, then the BoJ will have to release a statement sooner or later.

    Thursday’s session showed a remarkably low volatility in the market which only became active after the release of the US Jobless Claims Report. A positive US labor data strengthened the USD, causing traders to push prices upward. The instrument rallied at 101.40 and broke the level, with the resistance coming in at 102.50 and support levels at 101.40. The MACD is currently at the center level, and a histogram entry at the positive side will mean an increase in buyers’ strength. On the other hand, sellers will regain its control of the market should the MACD go over the negative side. The RSI indicator is projected to increase after going over the oversold area.

    The 50 and 100 EMAs were broken by prices in the 1-hour chart, after which the EMA pairs further increased its strength. The 200-EMA now acts as a barrier for the USD/JPY pair, with the moving averages going down within the said time frame. The USD/JPY will possibly move to test the next bullish target at 102.00, along the area of the 200-day moving average.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh412-png 
    Andrea ForexMart, Official Representative

  5. #105

    Default NZD/USD Technical Analysis: August 12 2016

    Subsequent to the decision of the RBNZ to implement an interest cut rate of 0.25%, the New Zealand's currency increased on its one-month high. Upon arriving at its highest level, the NZD/USD have regressed towards a downward state. The mark price directed from 0.7335 to 0.7225. The resistance stands at 0.7250, the support can be seen at the level of 0.7150.

    As shown in the histogram, MACD sloped move towards a lower point and the pair signalled a seller's strength. Furthermore, the fluctuated in the overbought position.

    The price of the pair is heading to 50-EMA as indicated in the 1 hour chart . The 50, 100 and 200 EMAs ascended to the top.

    Analysts viewed the pair to be bearish and remained to be under-pressure. Trader's stop is situated at the 0.7150 region.
    Attached Images Attached Images Daily Market Analysis from ForexMart-nzdusdh412-png 
    Andrea ForexMart, Official Representative

  6. #106

    Default Technical Analysis for AUD/USD: August 17, 2016

    The AUD/USD pair closed down Tuesday’s session on a slightly higher level, after the trading range widened following traders’ reactions to several financial events. The AUD was previously subject to pressure after a statement from RBA can possibly mean that the Reserve Bank of Australia might be considering another interest rate cut. However, the USD went down following dovish comments from Fed, increasing the overall value of the Aussie.

    Investors are now awaiting the release of the Wage Price Index, and economists are expecting the quarterly report to be at 0.5%. However, union members are expecting a weaker range for the Wage Price Index, which can lead to volatility after its release. The Fed will also be releasing its July meeting minutes and traders will be anticipating the next scheduled rate cut.

    The daily swing chart is showing a generally upward trend, although momentum has a possibility of going downward. Based on the pair’s current pricing at .7690, the AUD/USD pair’s direction will likely be determined by the reaction of traders to the .7695 short-term pivot. An increase in selling pressure is possible should there be a downward bias on a sustained move under .7635, while an upward bias will develop if there is a sustained move over .7755.
    Attached Images Attached Images Daily Market Analysis from ForexMart-audusdh417-png 
    Andrea ForexMart, Official Representative

  7. #107

    Default USD/JPY Technical Analysis: August 18 2016

    During the Asian trades session, the pair had restored its position to JPY 100.77 and stops at the 101.14 area which sets off the USD/JPY pair to lead with a rate of 100.74. Furthermore, the rate of the USD increased with the aid of the NY Fed President Dudley whilst the yen became weak due to its prime minister who allowed the intervention of the financial regulators whenever the levels of the rate remained indecorous.

    The pair is anticipated to trade over the level of 100.77 and the range of the limit is JPY 99.90-JPY 101.67 and descends perfectly.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh418-png 
    Andrea ForexMart, Official Representative

  8. #108

    Default EUR/USD Technical Analysis: August 19, 2016

    As presented over the 4-hour chart, the euro and dollar reached an indecision level since the US Dollar further weakened. The time frame of the currency pair maintained a higher point of movement thus heading on an accelerated trend lines.

    The increase of EURUSD is pulled by the resistance level of euro whereby set at 1.1320, the support comes between the Eur 1.1207-Eur 1.1230.

    The pair is predicted for probable decrease in distinction to EUR 1.1320. The procurement of a long investment position is suited on settling against the said level.
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh419-png 
    Andrea ForexMart, Official Representative

  9. #109

    Default AUD/USD Technical Analysis: August 22, 2016

    The AUD/USD is trading flat while the Aussie dollar bounced off the 3-month trend line support. The USD appeared to be bearish with an evening star candlestick pattern against the AUD which ventured a downside risk.

    Price during the month of May tested the rising peak of the support while limiting the downside risk. The support is seen at 0.75787 which measured the July 27 result of 0.7421 low. Preferably, a change occurred over the prevailing trend on August 11 at 0.7756 high and makes it easier to oppose the August 11 result at 0.7760 top.
    Attached Images Attached Images Daily Market Analysis from ForexMart-audusdh422-png 
    Andrea ForexMart, Official Representative

  10. #110

    Default USD/JPY Technical Analysis: August 23 2016

    As the USD/JPY strengthened, the US dollar corresponded in the same manner. Furthermore, the vice chair of FED announced yesterday about the return on investment prior to the end of the year. The pair executed an open close movement which generated a gap during the outset of the day trading with a resistance formed at 100.77 level. The pair signaled a slight interruption to an upward momentum though the gap did not moved back on its basic level which indicated a sharp bullish signal. The pair responded a pullback of 100.32 upon the European session. USD/JPY is anticipated to trade within the range of 99.90-107.78.
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    Andrea ForexMart, Official Representative

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Daily Market Analysis from ForexMart