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NewForex — The technical analysis of Forex Market

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  1. Anna Mon

    Anna Mon Member

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

    Yesterday, after long promises and expectations, FRS raised an interest rate at last which strengthened index positions of the greenback in relation to all world currencies. Today the trades proceed with insignificant, further rate decline and the price remains within the level of support at 1.0462 (minimum March, 2015) and resistance at 1.0611. The technical analysis of this currency pair differs in bearish prospect. MACD is in a negative zone and it gives a strong signal for sale. The Stochastic oscillator approached an oversold zone with the same bearish signal, the %K line is lower than the %D line. Thus, continuation of the descending movement of this market and strengthening of the greenback against single European currency is expected.

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

    On Wednesday, the increase of an interest rate after the last two-day committee meeting for monetary policy of the USA gave serious support to the greenback. Having added more than 100 points, quotations on this currency pair exceeded its January maximum of the current year (1.0255), overcoming strong and psychological resistance at 1.0200 and on Thursday also with resistance 1.0274 are traded within support at 1.0156. The technical analysis on the four-hour chart has the obvious bullish direction. The MACD histogram is in a positive zone, it grows and has an entrance to the market with long positions, giving a signal on purchase. The Stochastic oscillator is in an oversold zone and gives a strong signal on purchase — the %K line is higher than the %D line and both are directed up.

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

    Steady growth of this market is observed for the current week, as well as during several last. Increasing of FRS interest rate added an additional impetus to already strong bullish tendencies in the market. Thus the intraday growth exceeded at 200 pips at closing of yesterday’s trading session at the level of 117.15 poured out in couple exit from the channel up. On Thursday, the greenback continues to become stronger against the Japanese yen and during the trades in Asia a repeated exit abroad of the ascending channel was fixed up. After start of trading in Europe the growth of quotations continued. Technical picture potentially is bullish. On the four-hour chart MACD is located above the zero line and grows, giving a signal for sale. The Stochastic oscillator — in an overbought zone, however the %K line is higher than the %D line that assumes the further growth of the market.

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

    Yesterday’s monetary U.S. authorities increase of an interest rate gave a serious impetus to the greenback which considerably consolidated against the principal world currencies. As a result Sterling handed over about 200 pips for benefit of the greenback and today it is traded within the closest levels of support at 1.2478 and resistance at 1.2588. On the four-hour chart the technical analysis looks not rather certain. The MACD histogram passed a zero mark having appeared in a negative zone and falling below the alarm line that is a signal to sale. However, the Stochastic oscillator despite of an arrangement in an oversold zone, doesn’t give a strong signal. Thus, in case of adoption of investment decisions it is necessary to consider the local levels of support and resistance. Development of the bull scenario is the most probable when the price is fixed higher than 1.2588. Opposite movement of the market is the most probable condition of passing of support at 1.2478.

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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 EUR/USD
    On Friday, the single European currency is traded with small strengthening against the greenback after the minimum of January, 2003 was updated and the price fell to 1.0365. Thus, for today the level of support is the psychological threshold 1.0300 and the level of resistance at 1.0474. On the four-hour chart moving averages with the period of 20 and 55 continue to decrease after recent crossing down. The schedule is located lower than both moving averages that doesn’t exclude further development of the descending movement. MACD is in a negative zone and below the signal line that is an accurate signal for sale. However, one similar signal isn’t enough for adoption of investment decisions. The market is in a situation of a strong imbalance that threatens any similar decisions. Perhaps, today’s statistical data on inflation in the eurozone will be able to break a situation, but for now we prefer to be out of this market until its stabilization and emergence of an accurate and confirmed signals of the technical analysis indicators.
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    Forex News from New Forex: Technical analysis of GBP/USD
    After the yesterday’s unanimous decision of the Bank of England to keep an interest rate at the current level, the sterling got small support and quotations were late for a while staying in the corner of 1.2445-1.2499. However, at the time of positive statistics on inflation entry in the USA its decrease was resumed with a new force and now, on Friday, the couple is traded with support level at 1.2300 and resistance at 1.2499 having a considerable bearish market potential. The technical analysis on the four-hour chart indicates continuation of the descending trend. According to the ADX indicator, there is a significant difference between +DI and — DI. The MACD histogram remains in a negative zone and below the signal line which is a strong signal for short positions. Stochastic is in an oversold zone, but without obvious signals. It is worthy of note that for further development of a bearish trend the market needs to be fixed lower than the level of support at 1.2300. For opposite succession of events it is required to be beyond a minimum of last week 1.2548.
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    Forex News from New Forex: Technical analysis of USD/JPY
    On Friday’s trades the greenback continues to become stronger against the JPY. Statements of the head of the Federal Reserve D. Yellen concerning soft and gradual toughening of monetary policy couldn’t constrain the bullish potential of national currency. After participants of the market learned that substantial increase of an interest rate for the next three years (2017 — 2019) where the commission will have three session in a year (no more than two meetings were planned earlier), the dollar began to rise in price in relation to absolutely all principal world currencies. The JPY didn’t become an exception. According to technical analysis on the four-hour chart, ascending dynamics of a rate on this trade instrument remains stable, with a good bullish potential. During the biddings in Asia the price returned to the level of February of the current year, with support at 117.53 and with a resistance at 119.25 remaining above the ascending channel. The MACD histogram is above the central line, however begins to move along the time axis with lack of a strong signal. Stochastic left an overbought zone with a signal for sale, the %K line is over the %D line. Thus a small correction in the short term is possible before this market continues its growth.
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    Forex News from New Forex: Technical analysis of USD/CHF
    On Wednesday after FRS meeting in this market the ascending trend renewed. On Thursday strengthening of dollar led the following situation: by the end of the European trading session at some time for the greenback it was given 1.0342 of Swiss franc. Today’s trading session is characterized by a small depreciation of national currency of the USA and couple is traded within support at 1.0175 and resistance at 1.0303. However bulls still keep their potential in the long term. On the day chart the MACD histogram also begins to grow in a positive zone which indicates an entrance to the market with long positions. The Stochastic oscillator also confirms the current tendency being at an entrance of an overbought zone with the %K line above the %D line. In the short term, according to a technical analysis at a four-hour timeframe the situation isn’t so unambiguous. Indicators from these two indicators disperse a little that can foretell small correction in dynamics of this market.
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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
    Following the trades results for the last week the single European currency keeps above a mark of 1.0400. The ascending movement was limited to mark’s correction to 1.0473. On Monday it is expected that both data on the Index of economic expectations (IFO) across Germany and also Indexes of business optimism with the Indicator of assessment of the current situation for December will be published. If data is better than forecasts or though at their level, the single European currency will get support and remain in the field of the current quotations. If data is worse, the currency will appear under pressure. Well, at last if data on the USA today (Purchasing Managers’ Index in a service sector for December) appear according to the forecast or above, then the pressure upon euro will amplify. So far the pair is traded within support at 1.0422 and resistance at 1.0497.In the long term the market still keeps bearish moods.The technical analysis on the four-hour chart has a small bullish shades. The MACD histogram remains in a negative zone because it is located above the signal line and raises, creating thereby a signal on purchase. The Stochastic oscillator enters an overbought zone with the %K line above the %D line that confirms a bullish spirit of the market in this interim.
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    Forex News from New Forex: Technical analysis of GBP/USD
    At the trades on Friday, quotations on this currency pair were at the level of 1.2382, but during trades in America, closer to closing the price returned to the corner of 1.2500. On Monday at the opening of the European trading session the price remains within support levels at 1.2433 and resistance at 1.2559. The MACD histogram on the four-hour chart is in a negative zone, but began to decrease and now it is above the signal line which indicates about weakening of bearish potential of the market. However, at the same time Stochastic reports that bears nevertheless have enough forces to press through the market giving a signal for sale. The indicator of average directed movement ADX speaks well for short positions too. Thus, concerning a short-term outlook despite small weakening of the descending tendencies, sterling still can’t overcome the greenback and to unfold back the current tendency of the market.
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    Forex News from New Forex: Technical analysis of USD/JPY
    On Monday pair is traded with small lowering, remaining in the frame of current ascending channel and within support levels at 117.19 and resistance at 118.15. In the long term — the schedule was fixed above the Ichimoku indicator that implies continuation of the ascending trend and further strengthening of the greenback. On the four-hour chart it is possible to notice the reduction of the MACD histogram and Stochastics exit to an oversold zone giving a signal for sale where the %K line is lower than the %D line. Thus, it is recommended to buy about the local level of support in order to fix profit around the upper bound of the ascending channel.
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    Forex News from New Forex: Technical analysis of USD/CHF
    On Monday trade on this currency pair is characterized by easy bearish spirit of the market with decrease in quotations of the current level of support at 1.0223 and with a resistance at 1.0293. Having reached its five-year maximum last week , the price returned to a framework of the ascending channel that implies weakening of bullish tendencies, but not changing of general trend in any way. According to ADX Average directional movement index we can expect further strengthening of the greenback against Swiss franc in the long term, the discrepancy of +DI and — DI is rather big and continues to increase. Moving averages were slightly slowed down, but continue to grow up. In the short term, correctional movement down is probably to appear if to trust indicators of the MACD histogram and Stochastic on the four-hour chart.
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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 Tuesday couple is traded with reduction in price remaining within support level at 1.0355 and the level of resistance at 1.0440. The technical analysis of the market remains bearish. On the four-hour chart the MACD histogram is in a negative zone and it is slightly higher than the signal line and moves along time axis. Stochastic entered an oversold zone with the %L line below the %D line. Thus, we have signals for sale on both indicators in the short term.
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    Forex News from New Forex: Technical analysis of GBP/USD
    At opening of trades in Europe this currency pair continues the descending dynamics, being traded within support levels at 1.2300 and resistance at 1.2450. Today the bearish mood of the participants remain to dominate in the market just like yesterday. In a four-hour time frame the descending progression of the MACD histogram is observed giving a strong signs for benefit of short positions. The Stochastic oscillator gives an accurate signal for sale and the %K line fell below the %D line.
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    Forex News from New Forex: Technical analysis of USD/JPY
    On Tuesday, after a small correction at the end of the last week at the trades, it is observed the renewal of the currency pair growth in levels of support and resistance at marks of 116.12 and 117.55 which increased consequently. On the four-hour chart the technical analysis looks moderately bullish with continuation of the ascending trend in the market. For today, the MACD histogram intensively grows returning to a positive zone, being above the signal line that is a certain signal for purchases. Stochastic also gives a signal on purchase so the %K line is higher than the %D line staying in an overbought zone.
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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

    On Wednesday, the couple is traded with reduction in price remaining within the closest levels of support at 1.0355 and resistance at 1.0413. On the four-hour chart the technical picture looks mainly bearish, but in the short term it is possible to expect its correction up. The MACD histogram is in the negative zone being slowed down but staying above the signal line and moving parallel to the time axis. The Stochastic oscillator reached an overbought zone border with the %K line above the %D line which indicates a signal for purchasing. Presumably, the situation will remain without any changes as any publications of statistical data on the eurozone aren’t planned for today. Only in the late afternoon the statistics on inventories of oil and oil products in the USA for December will be published so it can put pressure or on the contrary to maintain the greenback.

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

    On Wednesday, at opening of the European trading session the currency pair is traded within the closest levels of support at 1.2282 and resistance at 1.2393. On the four-hour chart after short staying above the central line the MACD histogram returned to the mark which is below zero and doesn’t give any strong signals moving along time axis. The Stochastic oscillator came to an overbought zone border giving a signal on purchase where the %K line is located above the %D line. Thus, this market keeps its bearish potential in the long term with hints on short correction of the price in the short term. In the middle of the European trading session there will be data on amount of net borrowings of Great Britain public sector for November that can give a small support to sterling if forecasts are true.

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

    On Wednesday, at the trades in Asia this currency pair is traded with reduction in price, having gone beyond the lower bound of the ascending channel today. By the opening of European trades the price remains within levels of support at 117.24 and resistance at 118.20. In general, the market keeps the ascending potential in the long term remaining much higher than Ichimoku indicator. In the short term if to look at the four-hour chart, we can observe weakening of bullish tendencies with correction and testing of the next support level. The MACD histogram was considerably reduced having fallen below the signal line giving a tendency for an entrance to the market with short positions. The Stochastic oscillator decreases giving an accurate signal for sale, the %K line is lower than the %D line. Meanwhile, it is quite prematurely to speak about current trend change, but the prospect of kickback is quite probable according to the developing technical picture of the market.

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

    On Wednesday, the ascending dynamics of the pair currency rate within the ascending channel in the long term continuous. Throughout the trades in Asia there was an insignificant reduction of price within the current levels of support at 1.0250 and resistance at 1.0300. In the short term, on the four-hour chart there is strengthening of bearish potential with participants of the market which is reflected in accordance with MACD indicator whose histogram decreases, remaining in a positive zone but giving a signal for sale, having fallen below the signal line. The Stochastic oscillator decreases too, giving a signal for sale in the short term where the %K line falls parallel to the %D line staying below it. The ADX average direction of movement indicator shows weakening of trend force and redistribution of potential between bulls and bears, the discrepancy between — DI and +DI is considerably reduced.

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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 chart of the market quotations is clamped between moving averages with the period of 20 and 55 that can pour out in a side trend within this area. The price remains within support levels at 1.0425 and resistance at 1.0464. On the four-hour chart the MACD histogram still remains in a negative zone but it is reduced and gives a signal on purchase. Stochastics decreases to the oversold corner creating an opposite signal, the %K line fell below %D line. In case of its turn and crossing with the %D line from the bottom upwards we will receive a strong signal on purchase. So far it is recommended to wait as the technical analysis is a little contradictory. Bears will give in only provided that the price will be raised and fixed above the local level 1.0464.


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

    For today, the strengthening of the greenback against sterling which began on December 6 continues. The chart of quotations is in a four-hour timeframe significantly below moving averages with the period of 20 and 55 which indicates serious bearish market potential. At the trades on Friday the price remains within support levels at 1.2232 and resistance at 1.2341. The pair is traded with small lowering and the market tests the current level of support. However, a technical analysis in the short term is not so bearish as it was supposed. The MACD histogram steadily moves along time axis being in a negative zone and with an indistinct signal on purchase. The Stochastic oscillator leaves an oversold zone with crossing of the %K line with %D line from the bottom upwards, creating thereby an accurate, confirmed signal on purchase.


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

    The strengthening of the greenback against the JPY was a little slowed down within this week and on Friday the pair is traded within support levels at 117.46 and resistance at 118.20. The price fell below moving averages with the period of 20 and 55 and tests the current support. On the four-hour chart the technical picture is obviously bearish. The MACD histogram falls and passes into a negative zone, creating a signal for sale. Stochastic also decreases with the %K line below the %D line that implies the descending tendency in the short term. In the long term it is early to speak about change of the current trend for now. Dynamics of the market on the day chart remains ascending and the price stays above the Ichimoku indicator and moving averages with the period of 20 and 55. If the market will be fixed below the current level of support we will be able to expect further development of the bearish scenario to the corner of 116.65. If the market comes out higher than resistance at 118.20 then there will be the further growth and new annual maxima, comparable with January maxima of the current year.


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

    The ascending trend of the currency pair was slowed down a little but not developed and now in the market there is a small redistribution of potential between sellers and buyers. According to the Average directed movement ADX indicator this market keeps the ascending potential, bullish line items are still strong. In the long term, we should expect the further growth as the discrepancy between +DI and — DI remains considerable. At the trades on Friday the pair is traded within support levels at 1.0234 and resistance at 1.0278. On the four-hour chart the market was clamped between moving averages with the period of 20 and 55 that in the short term will pour out in side dynamics of the market. The MACD histogram decreases to a negative zone and creates a signal for sale. The Stochastic oscillator creates an identical signal too. The descending movement requires sufficient, bearish potential for the market to take place and being fixed below the local level of support at 1.0234, then we will be able to see correction in the corner of 1.0157.



    NewForex Analyst

    Luigi Campo
  7. 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 quite steadily. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news. Thus, today euro is traded against the American dollar in a lateral channel with a small advance in price within the closest levels of support at 1.0435 and resistance at 1.0469. Only fixing of the market above a mark of 1.0500 will be the foundation for a talk on increase in demand for single European currency. On the four-hour chart the technical analysis develops mainly for benefit of bulls, the MACD histogram was reduced to zero and now is ready to appear in a positive zone, the Stochastic oscillator grows with the %K line above the %D line creating a signal for long positions in the short term.
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    Forex News from New Forex: Technical analysis of GBP/USD
    At the trades on Monday the small ascending correction of the price is observed on this trading instrument. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Thus, it determines low volatility of the market today. On the four-hour chart the MACD indicator remains in a negative zone moving along time axis without creating any accurate signals. Stochastic grows giving a signal on purchase while the %K line is higher than the %D line. As the technical analysis isn’t obviously expressed and determined within intra day trade in the short term, it is recommended to remain out of this market until emergence of accurate signals. As for a long-term outlook, this market still keeps bearish potential. Moving averages with the period of 20 and 55 continue to decrease.
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    Forex News from New Forex: Technical analysis of USD/JPY
    The ascending trend of this market is slowed down and fade away. On the four-hour chart the MACD histogram passed to a negative zone and gives a signal for sale having fallen below the signal line. In the short term the price remains within the closest levels of support at 117.01 and resistance at 117.65 with intention of bears to punch support level. The Stochastic oscillator created a signal for sale, the %K line crosses the %D line from the bottom upwards to the border of an oversold zone. Concerning an average and long-term outlook the chart still remains above the Ichimoku indicator that indicates the current trend is hold true, however there is a redistribution of warring parties forces.
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    Forex News from New Forex: Technical analysis of USD/CHF
    From the middle of a current month growth of this market stopped and duting the last two weeks the pair is traded in a side trend with a corridor of 1.0217 and 1.0319. On Monday, the trades proceed with low volatility. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news.Thus, quotations on this trade instrument remain within support levels at 1.0246 and resistance at 1.0269. The technical analysis on the four-hour chart indicates bearish market potential. The MACD histogram came up with the axial line, Stochastic created a signal for sale. Moving averages with the period of 20 and 55 were slowed down and now approach to the prospect of crossing.
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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
    In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. The lower bound of the channel serves a support at 1.0431 and upper bound serves the current level of resistance at 1.0454. Moving averages with the period of 20 and 55 were slowed down and are close to crossing. As for Stochastic and MACD oscillators there are no signals. Before clarification of watting parties force and manifestation of their potential we prefer to be out of this market for a while.
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    Forex News from New Forex: Technical analysis of GBP/USD
    In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. At the thades on Tuesday the price remains within the closest levels of support at 1.2273 and resistance at 1.2287 which didn’t change in comparison with last trading session. In a four-hour time frame the MACD Histogram remains in a negative zone, but rose slightly above the signal line that can speak about small increase in bullish potential of this market that makes insignificant redistribution of forces of sellers and buyers. The Stochastic oscillator is located in a neutral zone and at the moment it doesn’t give accurate signals. Nevertheless, the price chart remains below moving averages with the period of 20 and 55 that indicates perseverance of the descending tendency in the long term.
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    Forex News from New Forex: Technical analysis of USD/JPY
    The statistical data on Japan which appeared during the Asian trading session didn’t give support to the Japanese national currency however it also didn’t worsen its situation against the greenback. The pair still remains in a side corridor with the lower bound at the level of support at 117.01 and upper on a mark of resistance at 117.84. Yesterday, on the four-hour chart the MACD histogram went to a negative zone but today it was developed and creates a signal on purchase. The Stochastic oscillator grows up in a neutral zone, giving a signal on purchase so the %K line is higher than the %D line. Moving averages with the period of 20 and 55 are close to crossing up that indicates the remaining bullish potential of this market in the long term.
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    Forex News from New Forex: Technical analysis of USD/CHF
    On Tuesday, the pair is traded with an advance in price remaining within support level at 1.0250 and the level of resistance at 1.0294. Today the market is characterized by a moderate bullsh spirit and numerous but unsuccessful attempts to test the current resistance. The technical analysis on the four-hour chart indicates for a turn of the ascending tendency. The MACD histogram goes up remaining in a positive zone and creates a weak signal on purchase that belongs to the medium term. However the Stochastic oscillator is located in an overbought zone and creates a strong signal for an entrance to the market with short positions, the %K line crosses the %D line from the bottom upwards in the border of an overbought zone. Concerning a long-term outlook, we expect that this market will continue its growth.
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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 EUR/USD
    On Wednesday, we can observe continuation of slow but stable strengthening of single European currency against the greenback is expected. For today the slow growth which began on December 20 continued during the Asian trading session. The market tests the closest level of resistance at 1.0469 once again meanwhile the price remains within support at 1.0434 and strong resistance in the corner of 1.0490. On the four-hour chart the technical analysis of the market is characterized by the ascending potential. Redistribution of forces between buyers and sellers is almost complete, the moving average with the period of 20 crossed average with the period of 55 from below up. The MACD histogram is at a zero mark and moves along time axis. Stochastic is in an overbought zone and creates a signal on purchase, the line %К is higher than the %D line and both are growing at the moment.
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    Forex News from New Forex: Technical analysis of GBP/USD
    On Wednesday, during the Asian trade session the sterling was traded with small strengthening against the greenback. On the four-hour chart it is possible to see that this market found intermediate support at 1.2243 and now the price, rests against resistance on a mark 1.2292 having made a start from this local level. Concerning technical analysis in the short term, the MACD Histogram remains in a negative zone, but today gives a signal on purchase. The Stochastic oscillator is in a stage of growth and approaches an overbought zone, creating a signal for an entrance to the market with long positions. Continuation of the ascending tendency is possible if the price will be fixed above the current level of resistance. Then we will be able to see the growth up to 1.2370 and perhaps further grow up to 1.2425. In case of opposite succession of events the rate of sterling can fall to the mark of 1.2110 which is the strong level of support.
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    Forex News from New Forex: Technical analysis of USD/JPY
    This week we continue to observe consolidation of this market with support at the level at 117.22 and with a resistance at 117.87. On Wednesday, the pair is traded with a small advance in price during the Asian trade session however the technical analysis of the market in the short term has bearish tendencies of development according to indicators indications of the technical analysis. On the four-hour chart the MACD histogram is located in a positive zone, slightly higher than the central line and grows poorly. The Stochastic oscillator created a signal for sale, the %К line crosses the %D line from top downward and decreases. Moving averages with the period of 20 and 55 were slowed down crossing from top downward.
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    Forex News from New Forex: Technical analysis of USD/CHF
    At the Wednesdays trades the Swiss franc is traded with a small advance in price against the greenback remaining within flowing supports at 1.0266 and resistance at 1.0297. In the short term this market is more susceptible to bullish moods of its participants and its schedule is located above the Ichimoku indicator. The next purpose for the ascending movement is the corner of 1.0319 (max. of 20.12.2016) and further 1.0342 (max. of 15.12.2016) where the strongest area of resistance is located. The MACD histogram on the four-hour chart remains in a positive zone and began to grow poorly but doesn’t create a signal yet. Stochastic is located in the central area and only begins to create a signal on purchase. Speaking about a long-term outlook we have already updated an intra annual maxima and even more. We returned to the price level of August, 2010 that allows to assume that the ascending movement can continue. On the day schedule MACD grows creating a signal on purchase, as well as Stochastics, the %К line which is above the %D line grows.
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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 Friday, the pair is traded with a small bearish spirit of the market after night jump during the Asian session of the trades. The market updated the current levels of support and resistance having overcome level of 1.0500 and reached testing 1.0650. Now the flowing support is located around 1.0448 and resistance level at 1.0544. On the four-hour chart the MACD indicator of a discrepancy of moving averages is left in a positive zone and continues to grow giving a signal on purchase. Stochastic is in a neutral zone and creates a signal for sale, thus correction with kickback to the current level of support and an area of an arrangement of moving averages 20 and 55 is quite possible. The entrance to the market with long positions is most probable and higher than 1.0500 with the purposes of fixing the profit to the corner of 1.0550-70 with short positions lower than 1.0450 with the purposes 1.0430-10.
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    Forex News from New Forex: Technical analysis of GBP/USD
    The strengthening of dollar against sterling which begun on December 14 fades away. On Thursday, weak statistical data on the US made the contribution to dynamics of the trades on this currency pair and now, on Friday, the sterling is traded within the current level of support at 1.2257 and resistance at 1.2291. In the long term the general trend remains descending. The market stays lower moving average with the period of 55 with support level of moving average with the period of 20. In the short term, the MACD histogram still remains in a negative zone but decreases and gives a signal on purchase of sterling. The Stochastic oscillator stays in a neutral zone and created an identical signal, the %K line is higher than the %D line.
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    Forex News from New Forex: Technical analysis of USD/JPY
    On Friday, the pair is traded with a small bullish spirit in the short term and within support at 116.35 and resistance at 116.79 with attempts of testing of the last one. On the hour chart the rate was clamped between moving averages with the period of 20 and 55. The general long-term trend is clearly not determined so far but on the day chart it is possible to notice. Levels of Japanese purchase of the national currency approach to the price of 116.20 that can be determined as a platform for a rebound above. The level to sales can be the mark of 116.80 if the Central Bank of Japan doesn’t take the stimulating measures for depreciation of national currency. The technical analysis on the four-hour chart speaks well for growth of currency pair and further strengthening of the greenback against the Japanese yen. The MACD histogram indicates fortification of buyers strength and created the corresponding signal. The Stochastic oscillator develops with the %K line above the %D line that demonstrates strengthening of a consumer capability of bulls in the short term.
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    Forex News from New Forex: Technical analysis of USD/CHF
    On Friday, at the beginning of the Asian trade session the greenback seriously weakened in relation to Swiss franc but since then it only partially recovered the line items and now the pair is traded within the current levels of support at 1.0172 and resistance at 1.0238. On the four-hour chart contradictory indications of indicators of the technical analysis are observed. The MACD histogram appeared in a negative zone and the signal for sale was also created. The Stochastic oscillator progresses in a neutral zone having created the signal on purchase which can be false. However, if to look at the day price chart the turn of the current trend for benefit of sellers is observed. Thus, correction in the current ascending market movement is possible. Therefore we don’t consider an entrance to the market with long or short positions until the price is return and won’t fixed above the critical Senkou Span line and Ichimoku cloud when force of warring parties becomes clearer while current level of support 1.0172 won’t be overcomed.
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    NewForex Analyst
    Luigi Campo

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