Forex Market Commentary By TitanFX

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Old Nov 12, 2015, 5:32am   #33
Joined Apr 2015
GBPAUD – Aussie Dollar Surges Higher Post Employment Report

titanfx started this thread Key Highlights
• There was a sharp upside reaction in the Aussie Dollar, as the Australian employment report released earlier today posted impressive figures.
• Australian Employment Change released by the Australian Bureau of Statistics came in at 58.6K in October 2015, which was more than the forecast of 15K.
• Australian Unemployment Rate dipped from 6.2% to 5.9% in October 2015.
• Australian participation rate, representing the percentage of the total number of people of labour-force registered a reading of 65%.

GBPAUD Technical Analysis
The Aussie Dollar gained heavily after the employment report was published. There was an upside channel formed on the hourly chart of the GBPAUD pair, which was cleared by the Aussie Dollar buyers to set the pace for more gains.

Click the image to open in full size.

The GBPAUD pair has now settled below the 100 and 200 hourly simple moving average, which is a bearish sign and might take the pair further lower in the near term.

Any correction from the current levels may find resistance around the 100 hourly simple moving average, which is sitting near the 38.2% Fib retracement level of the last drop from the 2.1571 high.

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Posted by Aayush Jindal - 'Titan FX Currency Analyst'
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Old Nov 19, 2015, 3:07am   #34
Joined Apr 2015
NZDUSD Surged Higher and Looks Poised For Gains

titanfx started this thread Key Highlights
• New Zealand Dollar enjoyed a solid bullish run against the US Dollar and traded above a monster resistance area.
• The NZDUSD pair cleared a critical bearish trend line on the hourly chart, along with the 100 hourly moving average.
• New Zealand Producer Price Index Output released by the Statistics New Zealand posted an increase of 1.3% in Q3 2015, which was higher compared with the last decline of 0.2%.
• Similarly, New Zealand Producer Price Index Input rose 1.6% in Q3 2015, more than the last decline of 0.3%.

NZDUSD Technical Analysis
The NZDUSD pair traded higher during the Asian session, as the risk sentiment was boosted. There was a bearish trend line formed on the hourly chart of the NZDUSD pair, which was broken during the upside drift along with the 100 moving average.

Click the image to open in full size.

Overall, there are many positive signs for the pair emerging, as the pair settled above an important resistance area of 0.6500.

If the pair moves lower from the current levels, then the 200 hourly MA may provide support, followed by the 100 MA.

New Zealand PPI
The New Zealand Producer Price Index, which is a measurement of the rate of inflation experienced by producers was released by the Statistics New Zealand. The market was not expecting any major increase in the input. However, the outcome was above the forecast, as the New Zealand PPI Input increased by 1.6% in Q3 2015, which was a lot higher compared with the last decline of 0.3%.

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Posted by Aayush Jindal - 'Titan FX Currency Analyst'
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Old Nov 26, 2015, 3:13am   #35
Joined Apr 2015
NZDUSD – Recent Break Points toward More Gains

titanfx started this thread Key Highlights
• New Zealand Dollar recently managed to break an important bearish trend line on the 4-hours chart, which cleared the way for more upsides.
• The pair also settled above the 100 simple moving average (4H), which is a positive sign.
• New Zealand Trade balance, released by Statistics New Zealand posted a trade deficit of $-3.24B in October 2015, compared with the forecast of a $-3.37B deficit.

NZDUSD Technical Analysis
The New Zealand Dollar after declining towards 0.6420 support area managed to gain bids and started correcting higher. There was a major bearish trend line on the 4-hours chart, which was breached by buyers to take the NZDUSD pair higher.

Click the image to open in full size.

The most important and a bullish sign to note is the fact that the pair closed above the above the 100 simple moving average (4H). It is a sign that the trend may have changed and the pair could trade higher.

The 4H RSI is also above the 50 level, suggesting buyer’s sentiment has improved. The next target on the upside can be around the 200 MA (4H).

New Zealand Trade Balance
Earlier during the Asian session, the Trade balance, which is the difference between the value of country's exports and imports, over a period of year was released by Statistics New Zealand. The market was expecting a trade deficit of $-3.37B in October 2015, compared with the same month a year ago. However, the outcome was positive, as the trade deficit was less and came in at $-3.24B.

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Old Dec 3, 2015, 3:03am   #36
Joined Apr 2015
AUDJPY Sellers Looking To Take Pair Lower?

titanfx started this thread Key Highlights
• Aussie Dollar struggled to break the 90-40-50 resistance area against the Japanese Yen, and formed a topping pattern.
• There was a support trend line formed on the hourly chart of the AUDJPY pair, which was breached to clear the way for more losses.
• Australian trade balance released by the Australian Bureau of Statistics registered a trade deficit of -3,305M, more than the forecast of - -2,665M in October 2015.
• AIG Performance of Services Index released by the Australian Industry Group posted a decline from the last reading of 48.9 to 48.2.

AUDJPY Technical Analysis
As mentioned the AUDJPY pair topped near the 90.-40-50 resistance area, and after that sellers even managed to break an important bullish trend line on the hourly chart.

Click the image to open in full size.

Currently, the pair is trading near the 38.2% Fib retracement level of the last move from the 88.87 low to 90.46 high. There is a chance that the pair may head towards the 50% Fib level in the short term.

Interesting Read - USDCHF FOLLOWING A DESCENDING CHANNEL; BREAK LIKELY?


On the upside, broken trend line and support area may now act as a hurdle for buyers with resistance around 90.00-10.

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Old Dec 10, 2015, 3:13am   #37
Joined Apr 2015
AUDUSD Surges Higher as Employment Improved in Australia

titanfx started this thread Key Highlights
• Australian Dollar rocketed higher during the Asian session today, as the employment report released in Australia was impressive.
• Australian Employment Change released by the Australian Bureau of Statistics posted an increase of 71.4K in November 2015, whereas the market was expecting a decline of -10K.
• The Unemployment Rate dipped from the last reading of 5.9% to 5.8%.
• AUDUSD pair climbed higher and cleared an important resistance trend line for an upside move.

AUDUSD Technical Analysis
The AUDUSD pair after finding bids near 0.7170 started to consolidate in a range, and after the employment report was released it spiked higher. There was a bearish trend line on the hourly chart, which was broken to open the doors for more upsides in the near term.

Click the image to open in full size.

The pair also cleared an important confluence resistance area of 100 and 200 simple moving average sitting with the 50% Fib retracement level of the last drop from the 0.7385 high to 0.7170 low.

Currently, the pair is finding offers near the 76.4% Fib level, and it looks like it may correct lower. The hourly RSI is moving away from the overbought levels signaling a correction.

Interesting Read – Forex Trader’s Health: What is Your Body Telling You?

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Old Dec 17, 2015, 3:19am   #38
Joined Apr 2015
US Dollar Gains as Fed Raised Interest Rates

titanfx started this thread Key Highlights
• Fed increased the interest rates from 0.25% to 0.5%, as forecasted and as a result, the US Dollar rocketed higher.
• EURUSD and GBPUSD dived down and USDCAD traded higher.
• The upside in the USDCAD pair was contained by the 1.3850 resistance area, which acted as a barrier.
• In New Zealand, the Gross Domestic Product released by the Statistics New Zealand posted an increase of 0.9% in the third quarter of 2015, more than the forecast of 0.8%.

USDCAD Technical Analysis
The USDCAD was also benefited after the Fed interest rate decision. There was a sharp spike noted in USDCAD, but the pair failed to clear the 1.3850 resistance area and currently consolidating in a range.

Click the image to open in full size.

There is a bullish trend line formed on the hourly chart, which is acting as a support and preventing the downside move. The hourly RSI is above the 50 level, which is a positive sign for bulls in the near term.

A break above the recent high could ignite another rally in the USDCAD pair, taking it higher moving ahead.

Fed Interest Rate Decision
So, finally the fed opted to raise the interest rates to end their 7-year long crisis stance. The US Dollar buyers enjoyed the outcome and took the greenback higher against most major currencies.

EURUSD was crushed, and it looks like the pair is heading towards the 1.0820 support area.

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Old Dec 24, 2015, 3:54am   #39
Joined Apr 2015
AUDJPY Testing Significant Resistance

titanfx started this thread Key Highlights
• Aussie Dollar climbed higher during the past session against the Japanese Yen, but facing a major resistance area.
• There is a bearish trend line formed on the hourly chart of AUDJPY, which is preventing an upside break.
• Australian Conference Board Australia leading Index released by the Conference Board posted a decline of 0.1% in October 2015, a bit less than the last -0.3%.
• BOJ Meeting Minutes were released earlier during the Asian session, which failed to help the Japanese Yen.

AUDJPY Technical Analysis

The Aussie Dollar managed to recover from the 87.13 low against the Japanese Yen, and currently trading higher. There is a bearish trend line formed on the hourly chart of AUDJPY, which is acting as a barrier for buyers and preventing the upside move.

Click the image to open in full size.

The highlighted trend line and resistance area acted as a barrier on a number of occasions, and may continue to do so. If buyers succeed in taking the pair above the trend line and resistance area, then more gains are feasible.

The next stop on the upside can be seen around the 88.00 level. No doubt, there are many positive signs, which can lead to a break higher in the pair.

On the downside, the 200 hourly simple moving average may act as a support area, as it is coinciding with the 38.2% Fib retracement level of the last leg from the 87.13 low to 87.58 high. The hourly RSI is above the 50 level, which is a bullish sign for bulls.

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Old Dec 31, 2015, 3:17am   #40
Joined Apr 2015
USDCHF – Important Trend Line Resistance

titanfx started this thread Key Highlights
• US Dollar failed to trade above the 0.9940-50 resistance area and moved lower against the Swiss Franc.
• There is a major bearish trend line and resistance zone formed on the hourly chart for the USDCHF pair.
• Today, the US Initial Jobless Claims will be released by the US Department of Labor, which is forecasted to rise from the last reading of 267K to 270K.
• Earlier during the Asian session, the Australian Private Sector Credit released by the Reserve Bank of Australia posted an increase of 0.4% in October 2015, less than the forecast of 0.6%.

USDCHF Technical Analysis
As mentioned the USDCHF pair struggled to break the 0.9940-50 resistance area and traded lower. The pair settled below the 100 and 200 hourly simple moving average, which is bearish sign and may take it further lower.

Click the image to open in full size.

There was a bearish trend line formed on the hourly chart, which is acting as a barrier for buyers and igniting a downside rally every time the pair attempts to move higher.

On the downside, the recent low of 0.9855 holds the key, as a break below the stated level may call for more losses in the near term.

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