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Thread: Daily Market Analysis from ForexMart

  1. #41

    Lightbulb Technical Analysis for AUD/USD: April 22, 2016

    The Aussie dollar is retracing despite high iron prices, and rallying commodity prices and risk sentiment. The AUD slipped to 0.7726 from today’s high of 0.7775 due to a recovering USD and flat oil prices.

    Shortly after ECB President Mario Draghi announced that the Eurozone’s interest rate will remain at 0 percent yesterday, the pair reached 0.78 cents, but similar to the EUR/USD, dipped as well.

    The pair’s 4-hour MACD shows a bearish divergence, but the long-term weekly MACD is pushing for a bullish convergence. The MACD indicator is in neutral location.

    The pair’s first support occurs at 0.7684 and 0.7646 subsequently, while its first resistance is at 0.7787 and 0.7826.

    The greenbacks’ side is fairly quiet with no data outflow later today.
    Attached Images Attached Images Daily Market Analysis from ForexMart-audusdh422-png 
    Andrea ForexMart, Official Representative


  2. #42

    Lightbulb Technical Analysis for EUR/USD: April 25, 2016

    Further than what is anticipated, the Manufacturing PMI in Germany increased in the past month. It can be seen in the index that it grew by 51.9 contrary to the 50.7 in the recent month. Nevertheless, experts had expected the growth of index to 51.0.

    The first support occurs at 1.1150 and at 1.1050 subsequently. The first resistance resides at 1.1260 and at 1.1350 subsequently.

    A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen display a descending motion. This movement will remain until the price is below the Cloud.

    The MACD indicator is in a negative location. The price is declining.
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh425-png 
    Andrea ForexMart, Official Representative


  3. #43

    Lightbulb Technical Analysis for AUD/USD: April 25, 2016

    After the Australian dollar shot up to a 10-month high last week at 0.7834, it entered a bearish weekend and is still extending losses. The exchange rate is now at 0.7716 although it posted a day high of 0.7728 earlier which was almost immediately trimmed.

    The AUD has the rising commodity prices and a generally weak USD to reverse the uptrend, but we are expecting the losses to extend at least until the Q1 CPI on Tuesday. Exports and imports figures will be published on Wednesday. RBA assistant governor Guy Debelle will also deliver a speech on Thursday that may foreshadow the direction of future monetary policies.

    The highlight this week is the Fed’s announcement on Wednesday about its interest rates. Consumer confidence is also due on Tuesday.

    The first support is at 0.7661 and 0.7622 subsequently while the first resistance is at 0.7743 and 0.7781 subsequently.

    The MACD indicator is in negative territory. The price is rising.

    Australian markets are on a break today as it celebrates the Anzac day.
    Attached Images Attached Images Daily Market Analysis from ForexMart-audusdh425-png 
    Andrea ForexMart, Official Representative


  4. #44

    Lightbulb Technical Analysis for USD/JPY: April 26, 2016

    On Monday, the dollar fell contrary to the yen, bidding goodbye to the three weeks of growth. The market was expecting for the Fed and BoJ meeting.

    The first support occurs at 110.60 and at 109.60 subsequently. The first resistance lies at 111.40 and at 112.20 subsequently.

    A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen forms a horizontal movement. The ascending movement will remain until the price is over the Cloud.

    The MACD indicator is in a positive location. The price is correcting.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh426-png 
    Andrea ForexMart, Official Representative


  5. #45

    Lightbulb Technical Analysis for NZD/USD: April 26, 2016

    The New Zealand dollar recovered when markets opened on Tuesday while the USD index is still weak.

    Ahead of the RBNZ’s announcement on monetary policies, the central bank’s shadow board put together by the New Zealand Institute of Economic Research urged that interest rate should remain at 2.25 percent, causing the bird to fly a little higher.

    The pair broke through yesterday’s resistance of 0.6895, peaking at 0.6897 earlier today. The kiwi dollar is currently testing 0.69 levels and is trading at a 42-pip range.

    The initial support is at 0.6848 and 0.6814 subsequently. The immediate resistance is now at 0.6921. The MACD indicator is in negative location. The spot exchange is at 0.6893 and rising.
    Attached Images Attached Images Daily Market Analysis from ForexMart-nzdusdh426-png 
    Andrea ForexMart, Official Representative


  6. #46

    Lightbulb Technical Analysis for EUR/USD: April 26, 2016

    Buying interest are surrounding the Euro as markets remain vigilant ahead of the FOMC meeting. Lower than expected home sales from the US also added upward pressure to the Euro.

    Annual home sales only reached 511,000 from last year’s 519,000, hugely missing forecasts of 520,000. The spotlights are now on Fed’s two-day policy meeting that will commence later today and the announcement from the BOJ on Thursday.

    The pair rose to 1.1301 today, almost hitting the nearest resistance of 1.1305. The next resistance is at 1.1362. The first support occurs at 1.1243 and 1.1187 subsequently.

    The exchange rate is now at 1.1295. The MACD is in a negative location. The price is climbing.
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh426-png 
    Andrea ForexMart, Official Representative


  7. #47

    Lightbulb Technical Analysis for GBP/USD: April 28, 2016

    As it has been expected, the Gross Domestic Product of the UK heightened by 0.4%, while its economy made an increase of 0.6%. The interest for the pound were sustained a bit by the 10-year UK government bonds yield which showed a growth in the Bonds Market.

    The first support stands at 1.4480 and at 1.4400 subsequently. While the first resistance occurs at 1.4560 and at 1.4650 subsequently.

    A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou span. The Tenkan-sen displays an ascending movement and the Kijun-sen creates a horizontal movement. The ascending movement will remain until the price is over the Cloud.

    The MACD indicator is in a positive location. The price is consolidating.
    Attached Images Attached Images Daily Market Analysis from ForexMart-gbpusdh428-png 
    Andrea ForexMart, Official Representative


  8. #48

    Lightbulb Technical Analysis for NZD/USD: April 29, 2016

    The kiwi is hovering 20 pips below 0.70 handle after recording losses from an intraday high of 0.6990. With rate decisions coming from a number of currencies this week, NZD is showing the second strongest performance after the Yen.

    The ANZ Business Confidence released today showed that companies are expecting positive economic activity as it jumped from 3.2 in March to 6.2 in April. Thirty-five percent of the surveyed firms predict an interest rate cut in the next policy meeting.

    On the US side, personal spending will be released today while a deluge of data including manufacturing PMI and nonfarm payroll will come next week.

    The first support is at 0.6918 and 0.6883 subsequently. The first resistance is at 0.7037 and 0.7072 subsequently. The MACD indicator is in neutral location. The price is rising.
    Attached Images Attached Images Daily Market Analysis from ForexMart-nzdusdh429-png 
    Andrea ForexMart, Official Representative


  9. #49

    Lightbulb Technical Analysis for EUR/USD: May 3, 2016

    In opposition to the anticipation of most of us, the Manufacturing PMI in Germany reduced. The indicator displayed the data of 51.8 contrary with 51.9 in the recent month wherein it was seasonally revised. Meanwhile, experts hoped for the index to be at the recent level of 51.9.

    The first support occurs at 1.1450 and at 1.1350 subsequently. The first resistance resides at 1.1550 and at 1.1650 subsequently.

    A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen shows an ascending motion and the Kijun-sen forms a horizontal movement. This movement will remain until the price is over the Cloud.

    The MACD indicator is in a positive location. The price is growing.
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh403-png 
    Andrea ForexMart, Official Representative


  10. #50

    Lightbulb Technical Analysis for USD/JPY: May 3, 2016

    The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0.

    The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently.

    A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud.

    The MACD indicator is in a negative location. The price is correcting.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh403-png 
    Andrea ForexMart, Official Representative


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