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Thread: Daily Market Analysis from ForexMart

  1. #1

    Default Daily Market Analysis from ForexMart

    Technical Analysis for USD/JPY: February 3

    The Purchasing Managers Index (PMI) of the Japanese industrial sector reached 52.3 in opposition to the reported 52.4. The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism is at the reported median 47,8 published by the US and the New York ISM is at 718,9 in opposition to the preceding 716,6.

    The first support occurs at 120.40 and at 119.20 subsequently. The first resistance lies at 121.30 and at 122.20 subsequently.

    A sturdy and confirmed buy signal was found. The price is on top of the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen creates a horizontal movement and the Kijun-sen forms an upward motion. The ascending movement will be until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is recovering.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh403-png 
    Andrea ForexMart, Official Representative


  2. #2

    Default Fundamental Analysis: Ferbruary 4

    For January, the level of the US PMI Composite from IMS is at 53.5 whereas the previous value was 55.3 and the report was at 55.1 which was published by the United States. Moreover, the ADP Employment Change for January is at 205,000 whereas the preceding value was 267,000 and the report was 195,000 which was issued by the USA.

    In 2015, the unemployment rate of the Eurozone reduced by 0.8% to the level of 10.4%. The status apparently shows the ECB soft monetary policy. The low cost euro rate and liquidity added a support to the development of the real economy. The Euro area Retail Sales displayed 1,4% y/y and 0,3% m/m in opposition to the reported 1,5% y/y and 0,3% m/m. The EUR/USD pair signified a sturdy growth by the end of the trades.

    Also in 2015, the Gross Domestic Product of the UK increased by 2.17% in contrast to the growth of 2.85% in 2014. Simultaneously, the growth rate of the United States was 2.38% and 2.42% for the same period. The slowdown of the UK economy is more substantial compared in the USA which has been a negative factor for the currency. The GBP/USD pair strengthened.

    A somewhat unstable dynamics was formed by the dollar. The currency modulated in opposition to the yen which is still yearned even though a new wave of risk aversion arises. This week, the stock indices reduced which outstandingly losing ground as an aftermath of the descending of oil prices after the astonishing previous growth. In the midst of all these, buyers were interested in the Japanese yen.

    A non-manufacturing PMI has been issued. The index of EU displayed a 53.6 concurrently with the report. The similar index signified 53.2 in the USA, the report was 53.7. The Non-Manufacturing PMI of the UK occurred at 55.6 in opposition to the reported 55.3
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh404-png 
    Andrea ForexMart, Official Representative


  3. #3

    Lightbulb Technical Analysis for USD/CHF: February 5

    Mr. Thomas Jordan, head of the Switzerland National Bank restated that the franc was overbought and the Central Bank was all set to interpose if needed. Nevertheless, Mr. Jordan refused to tell if the bank had an intervention recently. Switzerland issued the Consumer Climate index Q1 forecast. The index is at -14.0 and the previous value was -18.0.

    The first support occurs at 0.9850 and at 0.9750 subsequently. The first resistance stands at 0.9960 and at 1.0100 subsequently.

    A sturdy and confirmed sell signal was found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen formed a descending motion creating a "Dead Cross". The descending motion will be until the price is below the Cloud. The MACD indicator is in a negative area. The price is declining.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdchfh405-png 
    Last edited by Andrea ForexMart; 02-05-2016 at 03:25.
    Andrea ForexMart, Official Representative


  4. #4

    Lightbulb Technical Analysis for GBP/USD: February 23

    The main topic yesterday was the referendum of the British to stick within the European Union or to depart from it which will be held on June 23, 2016. Discrepancies of opinions in British society become more noticeable as the topic goes on and on.

    The first support is at 1.4080 and at 1.4000 subsequently. The first resistance is at 1.4240 and at 1.4320 subsequently.

    A confirmed and a sturdy sell signal was found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen create descending movement. The descending motion 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-gbpusdh423-png 
    Andrea ForexMart, Official Representative


  5. #5

    Lightbulb Technical Analysis for EUR/USD: February 25

    In spite of the concerns that Brexit may affect the Eurozone, the euro still enfeebled this week. The ECB representative Mr. Jens Weidmann stated that prolonged uncertainty about the topic might have an impact to the global economy. Moreover, disregarding the consequences of soft monetary policy might cause an issue. He also added that the economic point of view was not as bad as it seemed. Furthermore, a poor growth was an issue for the monetary policy and the slow Eurozone regains should be proceeded this year and the next year.

    The first support occurs at 1.0925 and at 1.0800 subsequently. The first resistance lies at 1.1050 and at 1.1150 subsequently.

    A confirmed and sturdy sell signal was found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen creates a descending movement and the Kijun-sen forms 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 retrieving.
    Attached Images Attached Images Daily Market Analysis from ForexMart-eurusdh425-png 
    Andrea ForexMart, Official Representative


  6. #6

    Lightbulb Technical Analysis for USD/JPY: February 29

    Since the inflation growth of Japan decelerated in January and became known, the Japanese yen decreased in opposition with the dollar. The issues of the regulator is apparently the cause of the slow-moving inflation as it could not regain the inflation to the target level of 2%. In addition, the positive report of USA GBP which is 1,0% contrary to the reported 0,4% has become the growth driver.

    The first support occurs at 112.20 and at 111.40. The first resistance lies at 113.00 and at 113.80 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 creates an ascending movement and the Kijun-sen forms a horizontal movement displaying a "Golden Cross". The descending movement will remain until the price is below the Cloud.

    The MACD indicator is in a positive location. The price is increasing.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh429-png 
    Andrea ForexMart, Official Representative


  7. #7

    Lightbulb Technical Analysis for GBP/USD: March 2

    The United Kingdom has publicized the manufacturing PMI for February which is 50,8 while the report was 52.3. The Mortgage Approvals surpassed the reports as it gained 74,587 contrary to the 71,335 recent report which is a quite positive statistics from the UK. In the meanwhile, the Consumer Credit for January reached £ 1.564 billion contrary to the expected 1,300 billion.

    The first support occurs at 1.3920 and at 1.3840 subsequently. The first resistance resides at 1.4000 and at 1.4080 subsequently.

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

    The MACD indicator is in a negative location. The price is retrieving.
    Attached Images Attached Images Daily Market Analysis from ForexMart-gbpusdh402-png 
    Andrea ForexMart, Official Representative


  8. #8

    Lightbulb Technical Analysis for USD/CHF: March 4

    The Swiss franc became stronger in opposition to the dollar. The Fed's Beige Book signified that the economic activity proceeded to broaden in most area like growth rates remarkably differ from poor to sturdy and the labor market conditions continue to get better wherein the dollar leveled its attainment.

    The first support occurs at 0.9850 and at 0.9750 subsequently. The first resistance resides at 0.9960 and at 1.0100 subsequently.

    A confirmed and 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 creates a horizontal movement forming a "Dead Cross". The descending movement will remain until the price is below the Cloud.

    The MACD indicator is in a neutral location. The price is falling.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdchfh404-png 
    Andrea ForexMart, Official Representative


  9. #9

    Lightbulb Technical Analysis for USD/JPY: March 8

    In the midst of the controversial US labor market report, the USD/JPY pair stayed in the range in spite the fact that the market has increased volatility. The governor of BOJ stated that the strong yen was not the primary cause of the core inflation infirmity. In addition to this, the negative interest rates were not planned to affect the currency market according to the governor.

    The first support occurs at 113.00 and at 112.20 subsequently. The first resistance resides at 113.80 and at 114.60 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 and the Kijun-sen form a horizontal movement displaying a "Dead Cross". The ascending movement will remain until the price is over the Cloud.

    The MACD indicator is in a neutral location. The price is solidifying.
    Attached Images Attached Images Daily Market Analysis from ForexMart-usdjpyh408-png 
    Andrea ForexMart, Official Representative


  10. #10

    Lightbulb Technical Analysis for GBP/USD: March 10

    For the first time in three months, the Industrial Production for February expanded based on the National Statistics Office. In December, the index showed improvement by 0.3% on a monthly basis after a decrease by 1.1%. The growth was also the most remarkable in in five months aside from the first in three months. Nevertheless, an increase rate of 0.4% is what the economists hoped for. And for the moment, the Manufacturing Production raised by 0.7% while the report was 0.2%.

    The first support occurs at 1.4160 and at 1.4080 subsequently. The first resistance resides at 1.4240 and at 1.4320 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 and the Kijun-sen form an ascending movement. The upward movement will remain until the price is over the Cloud.

    The MACD indicator is in a positive location. The indicator is declining.
    Attached Images Attached Images Daily Market Analysis from ForexMart-gbpusdh410-png 
    Andrea ForexMart, Official Representative


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