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NewForex — The technical analysis of Forex Market

Discussion in 'Analisa Teknikal' started by Anna Mon, Jul 23, 2016.

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  1. Anna Mon

    Anna Mon Member

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    Allow me to present to the distinguished community the technical analysis of Forex Market by NewForex company. In this thread I will post daily technical analytics.
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  2. Anna Mon

    Anna Mon Member

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    Forex News from New Forex: Technical analysis of EUR/USD

    In the trading on Monday, July 25, the pair EUR/USD trades within the level of support at 1.0986 and resistance at 1.0950. The price went down on Friday after the news and on Monday morning it keeps declining to 1.0950 (a low of June). Now as we see on a 5-minute chart the market tries to climb.

    The MACD-histogram and the oscillator Stochastic form contradictory signals. We consider that a race for the price will continue in the market today. Moreover, today was the release of IFO — Business Climate in Germany which might influence on the further pair dynamics. As this indicator decreased less than expected and stands at 108,3, a considerable price change might be expected.

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    NewForex Analyst

    Luigi Campo

    Forex News from New Forex: Technical analysis of GBP/USD

    In the trading on Monday, July 25, the pair GBP/USD trades in a side channel. As we remember all last week a bearish sentiment prevailed in the market. Downbeat data on PMI in the UK exerted strong pressure on the pound sterling.

    As a result today on a 5-minute chart the pair GBP/USD trades within the support at 1.3075 and resistance at 1.3300. Indicators show contradictory signals. However, NewForex analysts consider that pressure on GBP might increase.

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    NewForex Analyst

    Luigi Campo
  3. Anna Mon

    Anna Mon Member

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    Forex News from New Forex: Technical analysis of GBP/USD

    In the trading on Tuesday, July 26, the price movement of the pair GBP/USD remains in the side channel. As we see on a 5-minute chart the pair trades within the support at 1.3055 and resistance at 1.3145.

    Yesterday news didn’t have any influence on the pound sterling, as a result trades were without any significant changes and closed in flat. Relying on signals of technical indicators we might assume that today we will observe a further downward trend of the pair with attempts to meet the target at 1.3200.

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    NewForex Analyst

    Michael Butnitsky


    Forex News from New Forex: Technical analysis of EUR/USD

    In the trading on Tuesday, July 26, the pair EUR/USD shows positive dynamics. As we see on a 15-minute chart the market has an uptrend. The pair trades within the level of support at 1.0975 and the level of resistance at 1.1025.

    Yesterday the euro advanced against the US dollar amid upbeat data from Germany, the trades closed with gains for the single currency. The index of business climate in Germany declined not so seriously as expected.

    Currently judging by indicators the pair EUR/USD moves upwards. However, a two-day policy meeting of the Federal Reserve System the results of which will be announced tomorrow might have a considerable influence on the pair.

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    NewForex Analyst

    Michael Butnitsky
  4. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of EUR/USD

    In the trading on Wednesday, July 27, the pair EUR/USD trades in a side ascending channel within the level of support at 1.0978 and the level of resistance at 1.1003. As we see on a 5-minute chart, the single currency tries to advance against the US dollar. Yesterday the euro eased amid the release of upbeat data from the US.

    Today the market movement will depend on the results of a 2-day Fed policy meeting and the decision over the interest rate. NewForex analysts consider that up to this moment the pair will keep gaining.

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    NewForex Analyst

    David Fineberg

    Forex News from NewForex: Technical analysis of GBP/USD

    In the trading on Wednesday, July 27, the pair GBP/USD trades within a narrow range. On a 5-minute chart the instrument GBP/USD stands within the support at 1.3104 and resistance at 1.3163.

    NewForex analytsts point out that the pound sterling is highly unsteady amid recent data. Market participants are concerned about the possible cutdown of the interest rate by the Bank of England at the beginning of August. Meanwhile, the US dollar gains ground amid positive economic data from the US. This situation can be used to open short trades. However, it’s better to wait for the Fed’s decision which will definitely influence on the US currency.

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    NewForex Analyst

    David Fineberg
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  5. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of GBP/USD

    In the trading on Thursday, July 28, the pair GBP/USD jumped to 1.3253. As we see on a 15-minute chart the pair GBP/USD trades within the level of support at 1.3160 and resistance at 1.3250. Yesterday evening GBPUSD moved upwards after a long-term trading in a side channel. It happened due to easing of the greenback after the Fed did not announce its plans over the interest rate for September.

    Currently indicator signals say about the further development of the ascending trend. Although taking into account the fact the pound sterling lost ground amid recent economic news, we might expect some correction and a downward trend of the pair.

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    NewForex Analyst

    Luigi Campo


    Forex News from NewForex: Technical analysis of EUR/USD

    In the trading on Thursday, July 28, the pair EUR/USD demonstrates active upwards dynamics. As we see on a 15-minute chart the pair trades within the support at 1.1050 and resistance at 1.1111. Yesterday evening the price of the pair started to rise amid the news from the Fed. As a result the US dollar tumbled because the Fed did not say anything about the possible interest rate hike in September.

    NewForex analysts consider that in the short time we might observe a further ascending trend of the pair.

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    NewForex Analyst

    Luigi Campo
  6. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of EUR/USD

    In the trading on Friday, July 29, the pair EUR/USD trades in the ascending channel. On a 15-minute chart we see that the pair stands within the level of support at 1.1070 and resistance at 1.1103. Yesterday the single currency gained against the US dollar but did not manage to breach a strong resistance level and the euro started a day with the decline.

    The MACD-histogram is seen above its signal line and keeps rising sending signals to buy. The oscillator Stochastic forms a similar signal. However, today market participants are in the expectation of GDP data from the USA which is likely to be upbeat. This fact might change placement of forces in the pair EUR/USD.

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    NewForex Analyst

    Luigi Campo

    Forex News from NewForex: Technical analysis of USD/JPY

    In the trading on Friday, July 29, the pair USD/JPY showed a considerable decline after the decision of the Bank of Japan to keep its policy unchanged. The yen gains ground against the US dollar. On a 15-minute chart the pair trades within the support level at 102.65 and resistance at 05.70.

    NewForex analysts advise not to rely on indicator signals today as they don’t confirm each other. It’s recommended to wait for important information from the US over the GDP rate, it might change the pair sentiment.

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    NewForex Analyst

    Luigi Campo
  7. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis AUD/USD

    At the trading on Tuesday, August 23, the AUD/USD shows increase.
    Today it trades within the resistance at 0.7647. When the pair hits this level, it is appropriate to buy at 0.7656. The reasonable target price is at the resistance level of 0.7709. It is preferable to limit the loss at the support level 0.7635.

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    NewForex Analyst
    Joseph Schwartz

    Forex News from NewForex: Technical analysis of GBP/USD
    Today GBP/USD shows growth. Now the pair has reached the resistance level at 1.3165. When hitting this level, it is appropriate to buy from the level of 1.3197. The reasonable target price is at the resistance level of 1.3312. Loss should be restricted at the support level 1.3152.

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    NewForex Analyst
    David Fineberg
  8. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of GBP/JPY

    GBP/JPY shows growth this week, moving along the support line. Taking this fact, we can assume that this movement will continue. On this basis, the analysts of NewForex company suggest to buy from 132.95. The level of a target price is 136.35. It is preferable to limit the loss at 131.80.

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    NewForex Analyst

    Aaron Kaufmann
  9. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of GBP/JPY

    GBP/JPY continues to move along the ascending channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to buy at 132.96. It is reasonable to take profit at 134.51. The appropriate level of stop loss is at 132.48.

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    NewForex Analyst

    Michael Butnitsky

    Forex News from NewForex: Technical analysis of USD/CHF

    USD/CHF continues to move along the descending channel. Yesterday the price breached the support level and edged up. On this basis, the analysts of NewForex suggest to buy from the level of 0,9663. The target price is at 0,9860. And the stop loss level is at 0,9585.

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    NewForex Analyst

    Aaron Kaufmann
  10. Anna Mon

    Anna Mon Member

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    Forex News from NewForex: Technical analysis of gold price

    This trading week, gold left the previously formed "triangle" with the downtrend. This gives us the right to believe that the movement will continue. In this regard, Newforex analysts suggest to sell from 1306.72. The reasonable target price is at 1219.70. The level of stop loss is at 1338.91.

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    NewForex Analyst
    Joseph Schwartz

    Forex News from NewForex: technical analysis of AUD/USD

    The AUD/USD is approaching to the resistance level at 0.7639. When the price breaches this level, it will be appropriate to buy at 0.7647. The target price is at 0.7700. The level of stop loss is at 0.7628.

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    NewForex Analyst

    Aaron Kaufmann

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