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NewForex — The technical analysis of Forex Market

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

  1. Anna Mon

    Anna Mon Member

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

    On Monday, this currency pair is trading with a slight bullish attitude within the nearest levels of support 1.0566 and resistance 1.0682. Since the beginning of today’s trading, the pair has grown to about 50 points and is now on track to test resistance area.MACD histogram remains in negative territory after rising above its signal line. This can be interpreted as a buy signal. The stochastic oscillator behaves similarly feeding an identical signal — %K line above the %D line. In order to gain confidence it is better to wait for the breakout of 1.0680 area before entering the market long positions. If this does not happen then we will continue to see a retracement or even a gain with the subsequent continuation of the downward trend in this market. We remind you that today at 17:00 GMT in Brussels, the head of the ECB M. Draghi will address the relevant Committee of the European Parliament. It should be noted that unexpected announcement may trigger increased volatility of this market and the single European currency against major world currencies.
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    NewForex Analyst
    Luigi Campo

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

    In trading on Monday, the British currency showed mixed trading against other major currencies. Sterling retains a moderate bullish sentiment of index trend and remains within the next levels of support 1.2440 and resistance 1.2507. On the four-hour chart we can see MACD histogram signals for a long position going into the positive zone and rising up above its own signal line. It can tell us about the upcoming growth of this market in the short term. However, Stochastic is close to overbought and does not generate clear signals. The %K line falls below the %D line. In such a situation, it is recommended to wait for further confirmation before committing to any action, for example, overcoming the current resistance area around 1.2507. This will open the way for the price to 1.26. Otherwise, the market will continue consolidation. It will keep the trend we’ve seen in recent times. In the medium and long term situation of the market will remain without change until the market will be above the 1.2700. This could be the beginning of a good uptrend.
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    NewForex Analyst
    Luigi Campo

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

    On Friday the pair in the beginning of the session reached the level 113.89 and then pulled back to 112.55. It closed at 113.05. On Monday trading is mixed but with a clear bearish potential. Now that price is retained within the support 111.85, breaking support at 112.13 and resistance at 113.49. MACD histogram fell to the negative zone and below its signal line. This indicates strong bearish potential of this market. Stochastic oscillator has reached the border of the oversold zone but the %K line is below %D line. This forms a signal for short positions. If the market breaks below 111.59, we can observe a further strengthening of the bearish trends to the area of 110.55. If the price comes back to the area 113.85 and fixate above it, the growth of this market may continue to 120.00.
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    NewForex Analyst
    Luigi Campo
  2. Anna Mon

    Anna Mon Member

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

    On Tuesday, the pound strengthened slightly against the U.S. dollar. It rose to 1.2525 and took a lead from Monday position. After that, the pair retreated to the area of 1.2485 and is now trading within the levels of support at 1.2441 and the resistance at 1.2580. According to the four-hour schedule in this market bullish sentiment have been moderate. MACD has risen above its central line and grows and feeds a signal to buy. Exponential moving average with a period of 5 days and above is steadily increasing. This suggests that in the medium and long term we can expect further strengthening of Sterling against the U.S. dollar and the growth of this market. The impression is that in November the currency of Albion received more dividends from Trump’s victory in US elections than the U.S. dollar as investors are again considering the pound as an investment. Macroeconomic data for the UK are promising and allow us to assert that the economy after Brexit is recovering rapidly. Thus the value of the Pound Sterling against the US dollar today is low.
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    NewForex Analyst
    Luigi Campo

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

    In Wednesday’s trading on this currency pair occur with a moderate bearish market sentiment. The price is kept between the nearest support levels at 1.0606 and resistance at 1.0690 level. Thus we continue to see consolidation in this market in this region. This may indicate that market participants lowered their activity in anticipation of the release of Eurozone. Today data on consumer price index will be published. This will allow to assess the level of inflation in the Euro single currency and to take appropriate decisions on the direction of investment. Today is planned the speech of the ECB President, Mario Draghi. This will undoubtedly give an additional impetus to this market. We can only guess if it is bullish or bearish potential. On the four-hour chart this currency pair is overbought according to the Stochastic oscillator which gives us a buy signal where the %K line is located above the %D line and MACD rose above their Central lines and today continues its growth. Moving averages with a period of 20 and 55 days crossed up, indicating that the bullish potential of the market in the short term.
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    NewForex Analyst
    Luigi Campo

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

    On Wednesday the pair is trading mixed within the next levels of support at 1.0084 and resistance at 1.0150. Today this market has a moderate bearish sentiment on the basis of the MACD histogram. Moving averages with a period of 20 and 55 days slowed down and they are about to cross down. This indicates weakening bullish potential of this market and the deceleration of the current trend as the ADX indicator fell below level 20. With the development of the situation the strength of the opposing sides which will determine the prospects for further evolution of the exchange rate in this market in the short term will reveal. According to the expectations of market participants the impetus for further development can serve as today’s publication of macroeconomic data for Switzerland. Today will be published the consumption Indicator for October and leading indicator for the version of consumer confidence for November of the current year.
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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 EUR/USD

    On Thursday this currency pair trades with small lowering, remaining within support levels at 1.0518 and resistance at 1.0633. It is necessary to notice that slow development of this market which has been observed from last Friday to the middle of the current week stopped. Since Asian trading session and till the present moment we can observe consolidation of the price near the level of 1.0600, that is determined by such term as flat or a sideway. On the four-hour chart, exponential sliding averages with the period of 20 and 55 days were crossed down yesterday and today, they are drifting together. The histogram MACD continues to cling to a zero index, remaining below the signal line that gives a weak hint on the potential of a small bear market in the short-term
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    NewForex Analyst
    Luigi Campo

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

    After a small improvement at the end of last and the beginning of the current week this currency pair continues to grow in the long-term prospect.On the day chart, the histogram MACD was a little slowed down, having fallen below the signal line which tells about a small weakening of bull potential of the market, however the Stochastic oscillator gives an accurate signal for purchasing and the %K line is above the %D line. In the short-term prospect, judging by the four-hour chart, it is possible to speak about a small correction in the market which preserves the current trend. The histogram MACD is in a positive zone and remains above the signal line. Stochastics, in its turn, gives an accurate sell signal, taking into account a correctional movement of the market in the short term (the %K line lower than the %D line). Meanwhile, quotations on this currency pair remain within the closest levels of support — 113.24 and resistance — 115.73 with moderately bull indicator of an index trend.
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    NewForex Analyst
    Luigi Campo

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

    This market has been growing for two weeks in a row, with a small correction during the yesterday’s trading session.Today, the pair resumed its growth meanwhile it is being traded within the closest levels of support at 0.7025 and resistance at 0.7127 which, as we hope, will be overcomed.On the four-hour chart the oscillator Stochastic left an oversold zone and goes up.The histogram MACD was slightly slowed down, continuing «to win back» yesterday’s correction, however it remains in a positive zone which in total with an accurate signal on purchasing the Stochastics allows to assume preserving of the current trend in the short term. It is also necessary to consider that the price remains above the Ichimoku line which tells about the profit of this market’s bull potential.
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    NewForex Analyst
    Luigi Campo
  4. Anna Mon

    Anna Mon Member

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

    On Friday this currency pair trades with a moderate bull sentiment, remaining within support levels at 1.0622 and resistance at 1.0702. In the short term if to look at the four-hour chart of dynamics of the market, which was observed during the last trading session, currencies rate continues to grow even today. Yesterday, the pair drafted off a strong support at the level of 1.0550 and today it has updated it’s local maximum up to 1.0689 and in such a manner made these values of lower and upper limit the borders of the ascending channel.The histogram MACD began its growth in positive area and now it is above the signal line that speaks about a good bull potential of this market.Stochastics is in an overbought zone right now, but it keeps a signal for purchasing — the %K line higher than the %D line.Good fundamental data gave support to single European currency which got stronger on 75 points against US dollar yesterday.As for the forecast for today, the main participants of the market reduced it’s activity on Friday waiting for the publication of statistics on the USA at 16:30 MSK.
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    NewForex Analyst
    Luigi Campo

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

    Dynamics of the market’s currency rate was characterized by sharply expressed bull trend for the last month.In December the ascending tendency remains intact.The trades on this currency pair on Friday proceed with a moderate benefit of bulls within support level at 143.11 and resistance at 145.67. On the four-hour chart the histogram MACD descends, remaining in a positive zone but falling below the signal line.Thus, we can expect a small correction of this market before the ascending movement will resume.Moving averages with the period of 20 and 55 days continue to grow steadily and that fact confirms serious bull’s potential.
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    NewForex Analyst
    Luigi Campo


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

    On Thursday, concerning a short-term prospect, the pair closed its trading session below the strong level of support in the field of 1.3400 that opens a way for further bear evolution of a rate to 1.3200. At the trades on Friday, bearish dynamics of the market and the price remains within the closest levels of support at 1.3240 and resistance at 1.3379. However, there is no necessity to speak about a pronounced trend, ADX remains slightly higher than a mark in 20 points, therefore the current trend only gains strength.
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    NewForex Analyst
    Luigi Campo
  5. Anna Mon

    Anna Mon Member

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

    During the last trading session, the market considerably grew against the background of data on Purchasing Managers’ Index in the eurozone according to Markit and in anticipation of the decision of GB’s Supreme Court on appealing of the government concerning the Brexit procedure. In addition, the contribution in yesterday’s volatility was brought by Spain where business activity in a service sector appeared to be at the level of forecasts and Italy with its results of the referendum. On Tuesday’s biddings quotations have stabilized and the pair is traded within the closest levels of support at 1.0635 and resistance at 1.0925. Looking at the four-hour chart of technical analysis we can come to a conclusion that the market’s spirit is moderately bull, the histogram MACD began to grow slowly having risen above the signal line, remains in a positive zone. The oscillator Stochastic shows an overbought of the trade instrument.
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    NewForex Analyst
    Luigi Campo

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

    Judging by technical analysis at the four-hour chart the prominent up trend remains unaffected at current biddings, keeping its price applicable to its maxima per two last months.The market remains above moving averages with the period of 20 and 55 days which indicates the remaining bull moods of the markets’ participants. The histogram MACD continues to grow in a positive zone and today it has reached the level of its signal line, but doesn’t give an accurate signal yet. Stochastics entered an overbought zone that can presage a small correction of the market in the short term, but still it gives a strong signal on purchase, — the %K line rose above the %D line. However for adoption of investment solutions, one signal is not enough.It is necessary to wait until the price will gain its domain above a local maximum 1.2750 and will be fixed there.
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    NewForex Analyst
    Luigi Campo

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

    On Tuesday's biddings there is a small improvement of the up trend, which has been observed during the last month and today the price is consolidated in limits of support levels at 113.32 and resistance at 115.23.On the daily chart the histogram MACD remains in a positive zone, but decreases having fallen below the signal line which indicates the reduction of bull market potential and confirms the current improvement.Stochastic left an overbought zone and gives an accurate signal for sale - the %K line fell below the %D line.
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    NewForex Analyst
    Luigi Campo

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

    On Tuesday the pair continues the trades with reduction of price just like during the previous trading session where the Swiss franc shored up its position against the greenback at 83 tick and general volatility of intraday trade amounted up to 127 tick, which is quite peculiar for this market. Today the price remains within support level at 0.9992 and resistance level at 1.0127. The market spirit moderately bear, four-hour chart fell below moving averages with the period of 20 and 55 days. The histogram MACD appeared in a negative zone and continues to decrease, having fallen below the signal line, which indicates a reduction of the bull market potential and strengthening of bear tendencies.ADX shows weakening of the marked trend tendencies.
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    NewForex Analyst
    Luigi Campo
  6. Anna Mon

    Anna Mon Member

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

    The growth of the currency pair which began on November 24 underwent correction during the last trading session. Having reached a two-week peak at 1.0795 and by establishing therewith a resistance corner, this market decreased and felt its support yesterday. On Wednesday, the trades have proceed with a moderate bull spirit within the closest level of support at 1.0666 and resistance at 1.0754. At the four-hour chart it is possible to notice that moving averages with the period of 20 and 55 days continue to grow which indicates the remaining bullish potential for continuation of the ascending trend in the long term. However the Stochastic oscillator doesn’t give a strong signal. It’s only slightly struck a boundary of an oversold zone. For the day it moves subparallel to the timeline where the %K and %D line run into one plotted point. The MACD histogram has fallen below the signal line, remaining in a positive zone which indicates a bear spirit of the market in the short-term.
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    NewForex Analyst
    Luigi Campo

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

    On Wednesday’s trades the currency pair is being traded with moderate bear mood, remaining within the closest levels of support at 1.2606 and resistance at 1.2726. Concerning a long-term outlook, this market keeps the current tendency of growth which began on the 12th of October and remains in the ascending channel. Only with a small frequency we observe some correctional movements. On the four-hour chart there is marked weakening of the MACD histogram below the signal which indicates a strong bear potential in this timeframe. Stochastic is in an oversold zone and gives a distinct trading signal. In case of the market’s passing support and fixing of the price lower than defined level, we will be able to see the markets price 1.2600 and then 1.2550 which invites to a certain entry into the market with short positions. However It should be noted that moving averages with the period of 20 and 55 days still grow, though they were slowed down, and the MACD histogram remains in a positive zone.
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    NewForex Analyst
    Luigi Campo

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

    On Wednesday, dynamics of the trades on this currency pair doesn’t differ from the last trading session. The active growth which was observed since the beginning of the past month significantly slowed down this week, but didn’t stop. For the last two days the market started testing a strong resistance level at 114.70. There’s one little «but» in it, for the time being it is unsuccessful. Today the price remains within the closest levels of support at 113.76 and resistance at 114.46, a trend index is neutral. As for a short-term outlook, the MACD histogram decreases, remaining in a positive zone, however it fell below the signal line which invites to the markets entrance with a short-term position.
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    NewForex Analyst
    Luigi Campo

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

    Dynamics of the trades on this currency pair differs in a strong bear tendency with the closest levels of support at 1.0076 and resistance at 1.0143 today. On Monday, after a small reduction of price from 1.0176 to 1.0049, this market grew up during the Tuesday’s trades up to 1.0114, having finished a session on the mark 1.0100. On Wednesday, the bear tendency of the market resumed and participants continued to put pressure on the market with short positions, testing the field of support in a short-term. On the four-hour chart the MACD histogram remains in a negative zone and moving averages with the period of 20 and 55 days remain up market. For today the purpose for short positions serves the corner 1.0045 and going forward in case of its successful overcoming it will be 0.9990.If the price will be fixed above the mark 1.0143, the market will be able to take place up to 1.0194.
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    NewForex Analyst
    Luigi Campo

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

    On Thursday, the trades of the market on this currency pair proceed slightly bearish, however concerning a short-term outlook, bullish potential still remains. The single European currency continues to increase in price substantially and today it's traded within the level of support at 1.0631 and the level of resistance at 1.0773 with persistent testing of the last one. On the four-hour chart the MACD histogram was slowed down and doesn't give a strong signal remaining in a positive zone. Meanwhile, the Stochastic oscillator is at the cusp of an overbought zone however it continues to grow up to the position where the %К line is higher than the %D line keeping us waiting before uprise of a strong signal.
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    NewForex Analyst
    Luigi Campo

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

    On Thursday, the currency pair is traded in different directions with a small benefit of bears. At this stage the price remains within support level at 113.09 and the level of resistance at 114.10. As for a long-term outlook, the pronounced ascending trend stopped since the beginning of a current month and for this week, force of warring parties remains uncertain. The technical picture invites more to the bear scenario. The MACD histogram decreases, remaining in a positive zone but falling below the signal line which indicates benefit for short positions. In the short term, MACD fell below the central line, but it seems like it begins to grow, giving a weak trading signal. The Stochastic oscillator gives an identical signal which is more expressed — the %K line crosses the %D line bottom-upwards.
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    NewForex Analyst
    Luigi Campo

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

    After the two-day’s bear period on the market, bullish moods appeared again and since the end of the last trading session we can observe strengthening of sterling against the greenback. Nevertheless, It should be noted that the pair remains within strong levels of support at 1.2541 and resistance at 1.2656. If to look at the day chart, then it is possible to see that this currency pair didn’t manage to keep above a cloud of Ichimoku, getting its higher position on Tuesday up to 1.2774 (max. at 5.10.16) the price began to fall and made a start from this level within two-day correction, having reached the Tenkan line developing up again. It is possible to consider the upcast Ichimoku indicator as an additional level of support on the graph. On the four-hour chart moving averages developed up that confirms the extension of bull’s potential. As well as the Stochastic oscillator which approaches an overbought zone, the MACD histogram grows up again.
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    NewForex Analyst
    Luigi Campo
  7. Anna Mon

    Anna Mon Member

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

    All index numbers that the single European currency accumulated since the 5th of December within the current week, went to nought yesterday, through the efforts of the European Central Bank during M. Draghi’s performance. He reported that the foundations of monetary policy will remain flat till March of the next year but also declared reducing program of quantitative easing up to 60 billion euros per month. It significantly pressed single European currency which entailed sterling. As for a technical analysis for today, the eurodollar is traded within support level at 1.0588 and resistance at 1.0675. On the four-hour chart the MACD histogram fell to a negative zone, the Stochastic oscillator goes up, remaining in an overbought zone. Both of them don’t give an accurate signals yet.
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    NewForex Analyst
    Luigi Campo

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

    On Friday, this currency pair keeps remaining under pressure and is traded within support level at 1.2479 and resistance at 1.2676. Further development of the bear scenario requires fixing of the price lower than the level of support. In spite of the fact that the current trading signal received confirmation remaining weak, the Chikou Span is below a price chart whereas the price is in Ichimoku cloud. While overcoming the current support, the descending trend will be able to prolong to the corner of 1.2400 until the price remains below Kijun-sen. If the market comes out above this line, the trading signal will become weaker with cancellation of the descending movement. By the way, it is quite possible if to pay attention to Stochastic which gives a clear trading signal, having left the oversold zone with the %К line crossing the %D line bottom-upwards.
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    NewForex Analyst
    Luigi Campo

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

    Since the beginning of the current month we can observe an explicit trend in this market. At the trades on Friday the price is in trading range, remaining within support levels at 113.45 and resistance at 114.55. During the Asian trading session the pair grew inertly and by the time of Europe trades development, tests the current level of support. On the four-hour chat the MACD histogram strongly slowed down and doesn’t show any trading signals, Stochastic is in an overbought zone with a small hints on signal’s origin.
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    NewForex Analyst
    Luigi Campo
  8. Anna Mon

    Anna Mon Member

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

    On Monday the trades on this currency pair proceed in different directions. On the four-hour chart the market is characterized by a small bearish spirit of an index trend. At the opening of the European trading session the price remains within support level at 1.0554 and the level of resistance at 1.0649. The MACD histogram is in a negative zone, slowly reducing. Stochastic reports on this trade instrument oversold tendency with indistinct purchase signal. We shouldn’t rely on it because it can be false. EMA20 and EMA55 moving averages crossed which indicates the strengthening of bearish market potential. Strong bearish tendencies prevail on the day chart which is confirmed by MACD and Stochastic indicators. In such a manner we see that this market possesses serious bearish potential and is kept under pressure.
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    NewForex Analyst
    Luigi Campo

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

    On Monday this currency pair is traded with a small advance in price, remaining within support at 1.2569 and resistance at 1.2599. From the moment of trades, opening the initiative in the market belongs to bulls who are firmly aimed to overcome the current resistance. On the four-hour chart the MACD histogram is located in a negative zone, without giving strong signals, however Stochastic is in a neutral zone but with the %K line above the %D line which indicates the bull scenarios development in the short term. Nevertheless, in the long term the bearish spirit prevails in the market. On the week chart the price is below EMA20 and EMA55 moving averages, but for further down movement it is necessary to overcome a strong support in the corner of 1.2460/70.
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    NewForex Analyst
    Luigi Campo

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

    On Monday strengthening of the greenback against Swiss franc continues. The trades proceed with a small increase in a rate to the level of resistance at 1.0183 and with the next support at 1.0151. As for strongest level of support at 1.0073 and resistance at 1.0200. The technical analysis on the four-hour chart speak well for the ascending trend and strengthening of bullish potential, the market fixed above the Ichimoky indicator and the MACD histogram began to grow. In the long term, according to the day chart where the market steadily remains above the Ichimoky indicator the ascending tendencies continue to amplify steadily and in case of overcoming corner of resistance at 1.0200 we can return to an annual maximum at 1.0255.
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    NewForex Analyst
    Luigi Campo

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

    On Friday’s trades the greenback became more entrenched against the JPY. Today’s trading in Asia and Europe didn’t become an exception. After a week «slack» it seems that the ascending trend returned in the market. On Monday, the trades are characterized by clear advantage of bullish moods in the long term, as for now pair remains within support at 114.59 and resistance at 116.03. For today, the technical analysis develops in a certain way. On the day chart the Stochastic oscillator, remaining in an overbought zone gives a strong signal for an entrance to the market with long positions. The %K line is located above the %D line and keeps growing. The MACD histogram is in a positive zone, still grows, however it gave us not absolutely obvious signal for purchasing. In the short term display numbers are in kind. Stochastic, being in an overbought zone hints at fast emergence of a signal for sale whereas the MACD histogram on the sly of bulls. Thus, we expect continuation of the ascending trend in the long term along with considerable bullish potential within inside day trade.
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    NewForex Analyst
    Luigi Campo
  9. Anna Mon

    Anna Mon Member

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

    On Tuesday couple is traded with a moderate bearish spirit, remaining within the current levels of support at 1.0094 and resistance at 1.0171. The technical analysis indicates the uncertainty which developed in the market, thus it is necessary to expect correctional price consolidation as a result of which force of opposing parties will be revealed. On the four-hour schedule the Stochastic oscillator leaves an oversold zone giving a strong signal on purchase, the %K line crosses the %D line from the bottom upwards which indicates development of the market ascending movement. MACD is located in a positive zone, however decreases which indicates small strengthening of bearish potential that can develop into short correctional movement of the price. The chart still remains above the Ichimoku indicator, therefore it is worth expecting further growth of this market towards 1.0200 and perhaps further.
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    NewForex Analyst
    Luigi Campo

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

    From the second half of last trading session the sterling began to strengthen against the greenback having risen from 1.2578 to the mark of 1.2699. Then it digressed to the corner of 1.2660 during the Asian session. For today, by the beginning of trades in Europe the pair keeps the ascending potential and is traded within support levels at 1.2585 and resistance at 1.2695. On the four-hour chart we can observe the following situation: the price is fixed above the Ichimoku indicator which confirms bullish market potential. For continuation of the ascending trend the price is to consolidate above resistance in the corner 1.2695-1.2700, then we will be able to see its movement to 1.2775 (the peak of last week). For development of the bearish scenario it is required to overcome the current level of resistance and to be fixed lower than 1.2548 (the minimum of last week).
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    NewForex Analyst
    Luigi Campo

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

    On Tuesday, the pair is being traded with a small advance in price during the Asian trading session with support level at 1.0554 and the level of resistance at 1.0648. The technical analysis of this market speaks well for development of the bearish scenario in the short term. On the four-hour chart Stochastic gives a strong signal for sale. The %K line crosses the %D line from top downward as they leave an overbought zone. MACD began to grow slightly, but continues to remain in a negative zone which indicates insignificant strengthening of bullish tendencies which developed into the short-term ascending movement of the market by the beginning of the present trading session. Moving averages function with 20 and 55 were slowed down, crossed from top downward and continue to decrease confirming bearish market potential.
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    NewForex Analyst
    Luigi Campo

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

    Today the continuation of the ascending trend on this currency pair is observed. Since 4.11.2016 the greenback steadily becomes stronger against the Japanese yen with small correctional movements on two trading sessions and then the ascending trend returns to the market again. In the short term the closest levels of support and resistance are around marks of 114.59 and 115.80 per today. It is necessary to underline that this market still has serious bullish potential, the price was fixed above the Ichimoku indicator and steadily remains in the ascending channel. The Stochastic oscillator gives a signal on purchase, MACD was a little slowed down, but remains in a positive zone. Let’s remind that today begins a two-day committee meeting on the USA public market, therefore all participants of the market reduce the activity expecting results of a meeting which publication is planned for tomorrow 22:00 Moscow time.
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    NewForex Analyst
    Luigi Campo
  10. Anna Mon

    Anna Mon Member

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

    On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
    16:30 Moscow time — PPI Output for November;
    16:30 Moscow time — Volume of retail sales for November;
    18:30 Moscow time — change of formation oil volume and oil products;
    22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
    While waiting for these news, the situation in the market is rather quiet and investors don’t risk to come over to bulls or bears side. Therefore in the short term the technical analysis didn’t have definite scenario. On the four-hour chart MACD remains in a negative zone, but today it poorly grows while Stochastic is in the neutral plane and doesn’t give a strong signal.
    [​IMG]

    NewForex Analyst
    Luigi Campo

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

    On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
    15:00 Moscow time — speechification of Mark Carney(the governor of the Bank of England);
    16:30 Moscow time — PPI Output for November;
    16:30 Moscow time — Volume of retail sales for November;
    18:30 Moscow time — change of formation oil volume and oil products;
    22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
    On Wednesday, sterling is traded with small reduction in price within support levels at 1.2615 and resistance a 1.2695. In the corner of 1.2722 lies stronger resistance. The descending correction stagnates around a mark of 1.2640. On the four-hour chart the MACD indicator remains in a positive zone and decreases. The Stochastic oscillator is located at the output of an oversold zone, at the same time creating a signal on purchase, the %K line crosses the %D line from the bottom upwards, being in a boundary of the area that promotes strengthening of a signal.
    [​IMG]

    NewForex Analyst
    Luigi Campo

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

    On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
    16:30 Moscow time — PPI Output for November;
    16:30 Moscow time — Volume of retail sales for November;
    18:30 Moscow time — change of formation oil volume and oil products;
    22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
    Since 21.11.2016 the Australian dollar continues to strengthen against the greenback but strong resistance in the corner of 0.7500 is not surmounted albeit several desperate attempts. On Wednesday the trades proceed with a small bullish spirit of the market and today the Australian dollar already tested the level which was mentioned above. The technical analysis of a four-hour time frame looks as if the price is clamped in a triangle that implies a fast exit from it. There is one question left. Is it going up or down? All participants of the market hope that FRS today’s meeting and FOMC press conference will provide the answer
    [​IMG]

    NewForex Analyst
    Luigi Campo

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

    On Wednesday it is expected the release of the important economic data and other calendar news on US dollar which are strongly influencing volatility of the foreign exchange market.
    16:30 Moscow time — PPI Output for November;
    16:30 Moscow time — Volume of retail sales for November;
    18:30 Moscow time — change of formation oil volume and oil products;
    22:00 Moscow time — The decision on FRS interest rate which FOMC press conference will follow.
    For about a month it is observed the descending movement on currency pair USD/CAD and this week was reached the next round boundary 1.3100. However this level of support wasn’t passed with a late market slightly above. On Wednesday, the rades proceed within the current support at 1.3100 and resistance at 1.3141. On the four-hour chart moving averages continue to decrease but they were slightly slowed down while MACD remains in a negative zone, and according to ADX trend indicator the descending tendency movement of this market is expressed rather well, the considerable excess of DI + over DI.
    [​IMG]

    NewForex Analyst
    Luigi Campo

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