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View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
Weakness 2 50.00%
Correction 2 50.00%
Consolidation 0 0%
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Old Jan 29, 2018, 6:05pm   #1937
 
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EURJPY: Declines On Bear Pressure

FXTechstrategy Team started this thread EURJPY: The pair now looks to weaken further after it saw a move lower during Monday trading session. On the downside, support comes in at the 134.00 level where a break if seen will aim at the 133.50 level. A cut through here will turn focus to the 133.00 level and possibly lower towards the 132.50 level. On the upside, resistance resides at the 135.00 level. Further out, we envisage a possible move towards the 135.50 level. Further out, resistance resides at the 136.00 level with a turn above here aiming at the 136.50 level. On the whole, EURJPY faces further weakness threats.

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Old Jan 31, 2018, 3:40am   #1938
 
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GBPUSD: Risk Turns Higher, Eyes 1.4285

FXTechstrategy Team started this thread GBPUSD: The pair closed higher after taking back all of its intra day losses on Tuesday. This has opened the door for more strength in the days ahead. Support lies at the 1.4100 level where a break will turn attention to the 1.4050 level. Further down, support lies at the 1.4000 level. Below here will set the stage for more weakness towards the 1.3950 level. Conversely, resistance stands at the 1.4200 levels with a turn above here allowing more strength to build up towards the 1.4250 level. Further out, resistance resides at the 1.4300 level followed by the 1.4350 level. On the whole, GBPUSD looks to move further higher with eyes on its key resistance.

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Old Feb 1, 2018, 5:34pm   #1939
 
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AUDUSD: Sells Off, Remains Vulnerable

FXTechstrategy Team started this thread AUDUSD. The pair looks to weaken further after selling off during Thursday trading session. On the downside, support resides at the 0.7950 level where a breach will aim at the 0.7900 level. Below that level will set the stage for a run at the 0.7850 level with a cut through here targeting further downside pressure towards the 0.7800 level. On the upside, resistance lies at the 0.8050 level. A cut through here will turn attention to the 0.8100 level and then the 0.8150 level where a violation will set the stage for a retarget of the 0.8200 level. On the whole, AUDUSD faces further bear threats.

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Old Feb 3, 2018, 12:22pm   #1940
 
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USDCHF: Halts Weakness, Targets Upside Pressure

FXTechstrategy Team started this thread USDCHF: With the pair halting its weakness the past week, it faces risk of a move higher in the new week. On the downside, support lies at the 0.9300 level. A turn below here will open the door for more weakness towards the 0.9250 level and then the 0.9200 level. On the upside, resistance resides at the 0.9350 level where a break will clear the way for more strength to occur towards the 0.9400 level. Further out, resistance comes in at the 0.9450 level. Above here if seen will turn attention to 0.9500. All in all, USDCHF faces further weakness medium term but with caution

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Old Feb 8, 2018, 5:49pm   #1941
 
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EURGBP: Sells Off Further, Eyes Key Support

FXTechstrategy Team started this thread EURGBP- The pair weakened further on Thursday leaving risk of a move lower on the cards. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside.

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Old Feb 11, 2018, 3:03pm   #1942
 
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EURUSD: Vulnerable On Correction Though With Caution

FXTechstrategy Team started this thread EURUSD: The pair closed lower the past week leaving risk of more weakness on the cards. We faces price hesitation with a move higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its weekly RSI is bearish and pointing lower suggesting more weakness. All in all, EURUSD faces further pullback threats.

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Old Feb 11, 2018, 3:13pm   #1943
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Forex News - New Zealand Dollar Braces For Risk Trends And US CPI


New Zealand Dollar declined as the S&P 500 fell, RBNZ cooled rate hike expectations
The Fed is concerning passage to overtake RBNZ upon rates, diminishing Kiwi Dollars submit magnetism
Heightened inflation fears will have the markets anxiously or eagerly awaiting US CPI

The sentiment-tormented New Zealand Dollar came below blaze last week as inflation fears triggered uncompromising risk hypersensitivity in the markets. The 10-year and 30-year US processing sticking together auctions proverb less request, in imitation of bid-to-cover ratios falling and yields rose. By Thursday, the S&P 500 corrected lower on a peak of 10 percent from the January 26th high.

Earlier in the week, an impressive local employment checking account initially boosted the currency. In fact, the unemployment rate ticked the length of to its lowest past the 2007-08 Global Financial Crisis. However, continued volatility in amassing markets as skillfully as the RBNZ rate decision soon spoiled the Kiwis fun.

The Reserve Bank of New Zealand left rates unchanged and cooled hawkish policy expectations. Overnight index swaps were pricing in a 62.2% unintentional of a 25 basis aspire uptick by the fade away of the year prior to the business. Expectations dropped to 53.5% the day after. Moreover, it became in agreement that the Fed is likely to overtake the RBNZ in terms of where rates are going in the stuffy-term.

This spells disaster for the New Zealand Dollars accept advantage on the peak of the US Dollar and brings us to what adjacent week has in amassing for the markets. On Wednesday, we will profit the United States CPI symbol for the same month as the bigger-than-traditional NFPs consequences. Economists are predicting the headline inflation rate to drop to 1.9% y/y from 2.1%.

However, data out of the country has increasingly outperformed relative to estimates as of late. If this holds concrete for the US CPI reprieve, it might tally true Fed rate hike expectations. This might in point of view lessen the appeal of the New Zealand Dollar, which currently boasts the highest comply in the FX majors spectrum, and make its US counterpart more handsome.
In fact, commentary from the Reserve Bank of New Zealand seemed to align subsequent to this to-do. Assistant Governor John McDermott diagnostic out upon Thursday that he expects Kiwi Dollar to ease as the Fed raises rates. Meanwhile, Governor Grant Spencer revealed that he was amazed when than their low inflation result.

A lack of key economic issue risk out of New Zealand adjacent week will probably depart Kiwi traders anxiously or eagerly awaiting the US inflation defense. With that in mind, the slant of view for the New Zealand Dollar will be bearish as it could yet be vulnerable to risk trends and diminishing go along gone attraction.
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Old Feb 12, 2018, 9:40am   #1944
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Forex News Feed - AUD/USD catching some bids ahead of European markets, infuriating for 0.7840

Aussie going on in this area soft markets, bearish pressure remains.
Australian employment data coming as regards Thursday.
AUD/USD has been stepping steadily upwards in skinny Asia markets, currently trading into the 0.7830 regions ahead of the European meet the expense of appreciation.

The Aussie has suffered recently, yet the length of after that a six-day stretch of straight losses closely the US Dollar, the pair closing in the red for two straight weeks. The Reserve Bank of Australia (RBA) has not helped the Aussie's feat lately, considering contaminated economic data from the country and sluggish extension figures forcing the central bank to allocation off as regards plans to amassing their assimilation rates, shaking bulls out of the Aussie.

Thursday will see the manageable of Australia's Employment Change and Unemployment Rate numbers at 01:30 GMT, followed by a speech from the RBA's Governor Philip Lowe at 22:30; Lowe will be testifying previously the House of Representatives' Standing Committee in version to Economics in Sydney, and his words taking into consideration the governing body may have the funds for traders clues approximately the RBA's plans moving before.

AUD/USD Technicals

Friday's swing low represents an auxiliary retain for intraday trading at 0.7767, though the current challenge will be for the pair to stuffy confidently complex than resistance at 0.7835 and withhold that face long ample for a bottom to form upon longer timeframes; Daily candles are a mixed sack in the sky of therefore many days of declines, but AUD/USD is still trading above the 200-daylight SMA, which is lining occurring taking into account the 61.8 Fibo level at 0.7740.
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