Forex Analysis by LiteForex

This is a discussion on Forex Analysis by LiteForex within the Daily Analysis forums, part of the Commercial category; With kind permission of the Administration we'll be glad to share our view of the Forex market with everybody....

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 12, 2015, 10:28am   #1
Joined Nov 2015
Forex Analysis by LiteForex

With kind permission of the Administration we'll be glad to share our view of the Forex market with everybody.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 12, 2015, 11:23am   #2
Joined Nov 2015
LiteForexNews started this thread USD/JPY: pair is growing

Current trend

Today the pair strengthened amid mixed data from Japan. The Domestic Corporate Goods Price Index for October fell by 0.6% against the previous month, while was forecasted a fall of 0.4%, and by 3.8% against the previous year. At the same time, Machinery Orders for September grew by 7.5%, against forecasted 3.3%.
The pair is supported by the Bank of Japan decision to continue with easy monetary policy with the tendency of its further easing, and strong labour market data that came out last Friday in the US that significantly increased the chances of interest rates hike in the US in December.
Today attention needs to be pair to the ECB President Draghi speech, Fedís Yellen speech and speeches by few other members of the Fed that could increase volatility on the market.

Support and resistance

On Friday the pair broke out strong resistance level at 122.50 (38.2% Fibonacci correction) and continues growing towards 123.70 (23.6% correction), 124.50 (upper border of an ascending channel on the daily chart).
At the same time, a breakdown of the level of 122.50 would lead to a fall towards 121.50 (50% correction), 120.60 (61.8% correction, ЕМА144 on the daily chart).
OsMA and Stochastic on the daily and weekly charts recommend long positions and turn to purchases on the 4-hour chart.
Support levels: 122.50, 122.00, 121.50.
Resistance levels: 123.70, 124.00, 124.50.

Trading tips

Pending buy orders can be paced at 123.20 with targets at the levels of 123.70, 124.00, 124.50 and stop-loss at 122.80.
Pending sell orders can be placed at the level of 122.70 with targets at 122.50, 122.10, 121.50 and stop-loss at 123.10.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 20, 2015, 3:26pm   #3
Joined Nov 2015
LiteForexNews started this thread USD/JPY: BoJ Governor satisfied with GDP statistics

Current trend

Yesterday, the Bank of Japan decided to keep its current monetary policy unchanged. BoJ Governor considers that a decline in the third-quarter GDP was insignificant. However, as many economists suggest, the Regulator may be back to discussion on easing policy at its next meeting, due on 28-29 January.
At the same time, market participant are getting ready for a hike in the US interest rates. On Thursday, US stock indices declined, while Fed funds futures show a 72% chance of a rate increase in December against a 58% likelihood two weeks ago.

Support and resistance

On the daily chart, the USD/JPY pair is trading in an upward channel with the upper border at the level of 129.00.
OsMA and Stochastic indicators on the 4-hour and daily charts recommend short positions, but on the weekly chart, they are giving buy signals.
The breakdown of 122.50 allows the pair to decline to the support levels of 122.00, 121.50 (EMA200 on the 4-hour chart and 50.0% Fibonacci). Otherwise, after the breakout of the resistance level of 123.70, the pair would strengthen to 125.00, 125.65 (year highs).
Support levels: 122.50, 122.00, 121.50.
Resistance levels: 123.50, 123.70, 124.00, 124.50.

Trading tips

Long positions can be opened from the level of 123.10 with targets at 123.70, 124.00, 124.50 and stop-loss at 122.70.
Short positions can be opened from the level of 122.40 with targets at 122.10, 121.50 and stop-loss at 122.80.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 23, 2015, 4:09pm   #4
Joined Nov 2015
LiteForexNews started this thread USD/CHF: pair overbought

Current trend

Switzerlandís export-oriented economy is under pressure amid a slowdown in the eurozone and China. Moreover, a strong national currency makes Swiss export less competitive.
Swiss inflation and retail sales growth have fallen to almost zero and industrial production has declined. At the same time, the Fed is expected to raise its interest rates at December meeting. These factors will keep the Swiss franc from growing in the USD/CHF pair.

Support and resistance

On the daily chart, the price is moving in an ascending channel between 1.0240 and 0.9800. Though the pair is overbought and is at its year highs, it still has a potential for growth.
On the daily, weekly and monthly charts, OsMA and Stochastic indicators recommend long positions. Nevertheless, on the 4-hour chart, Stochastic is starting giving a sell signal. Thus, a correction is possible to the support levels of 1.0120 (EMA50 and the lower border of an ascending channel on the 4-hour chart), 1.0000 (the middle of the channel on the daily chart and EMA144 on the 4-hour chart).
Support levels: 1.0120, 1.0000, 0.9880, 0.9800.
Resistance levels: 1.0240, 1.0300.

Trading tips

Short positions can be opened from the level of 1.0170 with targets at 1.0120, 1.0090, 1.0010 and stop-loss at 1.0210.
Long positions can be opened from the level of 1.0220 with targets at 1.0240, 1.0300 and stop-loss at 1.0190.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 25, 2015, 4:19pm   #5
Joined Nov 2015
LiteForexNews started this thread XAU/USD: technical analysis

Current trend

XAU/USD, D1
On the daily chart, the price remains below its moving averages with periods 10, 20 and 50 that are directed down, which indicates a downward movement in the pair. MACDís histogram is in the negative zone that also indicates a fall. ADX also suggest decline as the DI lines are heading down and ADX is falling.
XAU/USD, H4
On the 4-hour chart, the pair is trading near the middle MA of Bollinger Bands, which is directed horizontally. The price remains below its MA10, MA20 and MA50, directed sideways. ADX turned down as it reached the level of 46.30, the DI lines are heading towards each other. MACD is at the zero line.

Support and resistance

Support levels: 1065.85 (local low), 1064.63 (last week low).
Resistance levels: 1075.27 (middle MA of Bollinger Bands on the 4-hour chart), 1080.00, 1081.25 (this week high), 1087.99 (last week high).

Trading tips

Short positions can be opened from current prices with the target at 1066.67 and stop-loss at 1075.27.
Long positions can be opened from the level of 1076.50 with the target at 1087.00 and stop-loss at 1072.70.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 27, 2015, 3:00pm   #6
Joined Nov 2015
LiteForexNews started this thread XAU/USD: pair resumed fall

Current trend

After Thanksgiving Day in the US yesterday when American markets were closed and volatility remained low, since todayís opening the XAU/USD pair is falling.
Most likely, amid expectations of monetary policy tightening in the US downward dynamics in the pair will remain until the Fedís meeting on 16 December.
Currently, market expectations that are represented by the price of Fed Funds futures stand at 78% probability of an interest rate increase in December.

Support and resistance

The pair is falling along a channel on the daily chart with the lower border below the level of 1050.00, and is heading towards 965.00 (ЕМА200 on the monthly chart).
At the same time, an upward correction is possible to the levels of 1085.00, 1095.00 (ЕМА144 on the 4-hour chart), while a breakout of the level of 1105.00 (the middle line of the upward channel) could send the price towards 1138.00 (38.2% Fibonacci correction, ЕМА144 on the daily chart).
On all charts from the 4-hour to monthly, OsMA and Stochastic suggest a fall continuation.
Support levels: 1065.00, 1060.00.
Resistance levels: 1085.00, 1095.00, 1105.00, 1118.00.

Trading tips

Pending sell orders can be placed at the level of 1064.00 with targets at 1060.00, 1050.00, 1010.00 and stop-loss at 1072.00.
Pending buy orders can be placed at the level of 1078.00 with targets at 1085.00, 1095.00, 1105.00 and stop-loss at 1072.00.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 27, 2015, 4:00pm   #7
Joined Nov 2015
LiteForexNews started this thread AUD/USD: pair under pressure

Current trend

Today the AUD/USD pair is falling.
The pair is pressured by investors expectations of an interest rates increase in the US at the December Fedí meeting and further monetary policy easing in Australia. In addition, Australian economic problems may get worse. The unemployment rate could increase as companies in the mining industry continue cutting investments, while commodities prices keep falling amid slowing Chinese economy.
Thus, until 1 December when the RBA Interest Rate Decision is due the pair will remain under pressure. If interest rate are increased then, the fall in the pair will accelerate.

Support and resistance

Since the beginning of the month, the pair remains in an ascending correctional channel on the 4-hour chart.
However, a breakdown of the support levels at 0.7200 (ЕМА50), 0.7170 (ЕМА200, ЕМА144, lower border of the ascending channel on the 4-hour chart, ЕМА50 on the daily chart) would return the price in a downward channel on the daily chart and sends the pair to 0.7030 (November lows), 0.6950, 0.6910 (year lows).
OsMA and Stochastic on the 4-hour and daily charts recommend short positions.
Support levels: 0.7170, 0.7100, 0.7030, 0.6950, 0.6910.
Resistance levels: 0.7250, 0.7325, 0.7370, 0.7500.

Trading tips

Pending sell orders can be placed at the level of 0.7190 with targets at 0.7110, 0.7090, 0.7030, 0.6950, 0.6910 and stop-loss at 0.7220.
Pending buy orders can be placed at the level of 0.7240 with targets at 0.7290, 0.7300, 0.7370 and stop-loss at 0.7190.

Click the image to open in full size.
Click the image to open in full size.
LiteForexNews is offline Broker   Reply With Quote
Old Nov 29, 2015, 3:33pm   #8
NVP
 
NVP's Avatar
Joined Jun 2004
are you guys still offering the currency indexes ..?......I liked that in your platform

N
NVP is offline Coach/Trainer   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Farewell letter - LiteForex LF adviser Forex Brokers 0 Mar 22, 2010 7:25pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)