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Forex Analysis by LiteForex

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Re: Forex Analysis by LiteForex

Postby mikemudsan775643 » Fri Jun 30, 2017 3:12 pm

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Mon Jul 03, 2017 12:17 pm

XAG/USD: general analysis

Current trend
Silver has been weakening during the last months, and last week has almost reached the 2-month minima at the area of 16.20-16.50. Other precious metals, gold and platinum, are trading with the same dynamics. This decrease is characterized by the simultaneous fall of the US dollar. Why the traders aren’t using the precious metals as a safe haven? Take a look at the main currency pairs’ dynamics, especially commodity ones. During the last 4-6 weeks all the commodity currencies have been growing. Canadian, European and the UK currency grew due to the tightening of its regulators’ rhetoric. The AUD was supported by the growth of the copper and iron ore prices. In the most of these countries the growth of the governments bonds’ yields can be seen, and it attracts the additional investors’ recourses and decreases the investors’ interest of the precious metals.
Last week as a result silver fell to the strong support level, which consist of two daily channels borders: the lower border of the blue 18-month channel and the upper border of the 1-year black channel.
Today the key data, which will be published, are: US Markit Manufacturing PMI at 16:00 (GMT+2), which is expected to be slightly positive, the Unemployment Rate at 11:00 (GMT+2) in the EU (slight decrease by 0.1% is expected).
The growth of silver within the correction from the strong support level is expected in the next two days.

Support and resistance
Support levels: 16.45, 16.00, 15.60, 15.00.
Resistance levels: 16.80, 17.10, 17.35.

Trading tips
Long positions can be opened at the current price with the targets at 16.80, 17.10 and stop loss at 16.25.
Short positions can be opened at the level of 16.45 with the targets at 16.00, 15.60, stop loss is at 16.90.
Implementation period: 2-3 days.


Read more analytic on LiteForex site https://www.liteforex.com/trading/forex-analysis/

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Tue Jul 04, 2017 11:14 am

EUR/USD: the Independence Day calmed the market

Current trend
On Monday the pair was corrected due to the strong USA Markit Manufacturing PMI publication, which exceeded the expectation in June and reached the level of 57.8 points (the most significant growth from 2014).
At the moment the pair is trading within the range of 1.3700–1.1345, as the market is calm due to the Independence Day celebrating in the USA. The market will activate on Wednesday, after the EU Retail Sales and USA FOMC Minutes publication. The Minutes can clear the further intentions of the regulator. The investors are sure that the monetary policy will be tightened in the future, as it was confirmed by the FRS officials, including the head of the FRS Janet Yellen, but the specific time of the interest rate increase is unknown.

Support and resistance
From the technical point of view, the pair can be corrected too, as the price is around the upper border of a strong sideways channel. In such conditions the decrease can develop to the area of the middle line of Bollinger Bands 1.1250 and further, to 1.1190 (Fibonacci correction 23.6%) and to 1.1100 (area of crossing with the Fibonacci fan line 38.2%). The possibility of the downward correction is confirmed by the technical indicators. The MACD histogram consolidated in the positive zone. Stochastic is leaving the overbought area and forms a sell signal. The growth can restore if the price consolidates above the level of 1.1440 with the targets at 1.1530 and 1.1610.
Support levels: 1.2500, 1.1190, 1.1100, 1.1050.
Resistance levels: 1.1440, 1.1530, 1.1610.

Trading tips
Short positions can be opened at the current price with the targets at 1.1250, 1.1190 and stop loss at 1.1390.
If the price is set above the level of 1.1440, the long positions can become relevant with the targets at 1.1530, 1.1610 and stop loss at 1.1400.


Read more analytic on LiteForex site https://www.liteforex.com/trading/forex-analysis/

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Thu Jul 06, 2017 11:08 am

WTI Crude Oil: general review

Current trend
Yesterday WTI quotes dropped by over 3% to the level of 45.00 after it was announced that OPEC states had increased the volume of exported oil by 450K barrels to 25.92 mln barrels a day. The data from API released by the end of the trading session showed the decrease of US commercial reserves by 5.76 mln barrels a week. Investors reacted to it with active purchases of oil futures which helped WTI rate return to the level of 46.00.
Today market players are waiting for the official data from the US Department of Energy on weekly changes of oil reserves (17:00 GMT+2). They are expected to reduce by 2.283 mln barrels per week against growth by 0.118 mln barrels in the previous week. The confirmation of the forecast or bigger decrease than expected m support oil prices in the short term. If the data shows smaller reduction of reserves, oil quotes may resume falling.

Support and resistance
On the 4-hour chart, technical indicators show that the fall tendency remains: Bollinger Bands are directed downwards, and the volumes of MACD histogram are reducing in the positive zone. Downward movement may continue after the price consolidates below 45.51. In this case the sellers will try to drop the rate to 44.53-43.60. If the buyers manage to increase the rate above 46.11, growth may continue to 46.85.
Support levels: 45.51, 44.53, 43.60.
Resistance levels: 46.11, 46.85, 47.80.

Trading tips
Sell positions may be opened below 45.51 with targets at 44.53, 43.60 at stop-loss at 46.00.
Buy positions may be opened above the level of 46.11 with targets at 46.85, 47.80 and stop-loss at 45.70.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Fri Jul 07, 2017 3:03 pm

FTSE: technical analysis

FTSE, D1
On the daily chart, the instrument is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 that start turning down, but above the EMA130 and SMA200 that turned horizontally. The RSI is about to test its most recent support near the border of the oversold zone. The Composite keeps forming a Bullish divergence with the price.
FTSE, H4
On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains below its moving averages that are directed down. The RSI is about to retest its longer MA from below. The Composite is falling.

Key levels
Support levels: 7290.5 (local lows), 7213.6 (May lows), 7165.0 (April gap).
Resistance levels: 7371.0 (local highs), 7438.0 (March highs), 7452.9 (local highs).

Trading tips
The price is falling along its short-term descending trendline. A breakdown of local lows would allow the fall to continue.
Short positions can be opened from the level of 7290.5 with targets at 7213.6, 7165.0 and stop-loss at 7321.0. Validity – 3-5 days.
Long positions can be opened from the level of 7371.0 with targets at 7438.0, 7452.9 and stop-loss at 7333.1. Validity – 3-5 days.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Mon Jul 10, 2017 3:08 pm

EUR/USD: general review

Current trend
Last week the pair tested the level of  1.1440 but is still unable to consolidate above it.
On Friday the market showed a generally positive reaction to the June data on the US labor market (the number of workplaces increased by 222K), although the unemployment rate grew by 4.4%, and the annual hourly salary remained on the level of 2.5%. Based on this data, the price corrected once again, but it is still unclear whether the fall will be serious. This will to a great extent depend on the speech by FOMC head Janet Yellen in the Congress with a report on the fiscal policy for six months. On Wednesday she will present the report to the Financial Services Committee of the House of Representatives, and on Thursday – to the Banking and Construction Committee of the US Senate. The market will wait for details on further monetary policy, terms, and volumes of reduction of FOMC balance, as well as the number of interest rate increases this year.

Support and resistance
Technically the key level for the “bulls” remains  1.1440. Its breakout will give open the way of growing to 1.1530 and 1.1600. Serious correction to the levels of 1.1190 (Fibo correction 23.6%), 1.1100 (crossing with Fibo fan at 38.2%) and 1.1040 (Fibo correction 38.2%) will be possible after the price consolidates below 1.1300 and the middle line of Bollinger Bands. Technical indicators don't give a clear picture. Stochastic is directed upwards, but MACD histogram is calm in the positive zone. Moreover, the histogram and the chart have differences indicating possible future decrease of the price.
Support levels: 1.1310, 1.1100, 1.1040.
Resistance levels: 1.1440, 1.1530, 1.1600.

Trading tips
In this situation long positions may be opened if the price consolidates above 1.1440 with targets at  1.1530 and 1.1600 and stop-loss at 1.1400.
If the price consolidates below 1.1300 and the middle line of Bollinger Bands, short positions may be opened with targets at  1.1190 and 1.1100 and stop-loss at 1.1330.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Tue Jul 11, 2017 3:02 pm

Brent Crude Oil: general review

Current trend
Brent oil continues to trade in the wide downward channel. The price broke through the moving average line of Bollinger Bands and is moving to June minimums at 44.80.
The market is still negative and does not believe that the balance of supply and demand will be restored soon taking into account growing oil production in the USA. Yesterday's statements by the head of OPEC Mohammed Barkindo about the reduction of oil production by over 106% by cartel members kept the price around the middle line of Bollinger Bands (47.00), but today the price started to fall again. In the evening investors are waiting for the API report on the US oil reserves. The growth of the indicator may slow down the fall of the prices.

Support and resistance
Technically the price is trying to move from the middle line of Bollinger Bands to June minimums (44.80) and further to the lower border of the channel (42.70). In case the middle line of Bollinger Bands is broken out and the price consolidates above 47.60 (Fibo correction 23.6% for the medium term trend), upward correction to the levels of 49.35 (correction 38.2%, upper line of Bollinger Bands) and 50.60 (gathering of corrections 23.6% and 50.0%) may be expected. Technical indicators don't provide a clear signal. Stochastic is trying to reverse near the oversold zone, and MACD histogram is growing in the negative zone.
Support levels: 46.00, 44.80, 42.70.
Resistance levels: 47.60, 49.35, 50.60.

Trading tips
In the current situation short positions may be opened below 46.00 with targets at 44.80, 42.70 and stop-loss at 46.50.
In case the price reverses and breaks out the level of 47.60, long positions may be opened with targets at 49.35, 50.60 and stop-loss at 47.20.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Wed Jul 12, 2017 11:14 am

WTI Crude Oil: general review

Current trend
WTI quotes are growing after the release of initial data from API indicating that more considerable reduction of US oil reserves as expected. According to the report, during the week they reduced by 8.13 mln barrels. This helped WTI gain 2.75% and increase to the level of 46.00.
Official data from the US Department of Energy on weekly changes in commercial oil reserves are due today at 16:30 (GMT+2). If they indicate higher reduction of reserves and oil production in the USA, WTI will gain considerable support. If oil reserves reduce but the level of production remains unchanged or increases, WTI will get under pressure once again. Investors are waiting for an effect from OPEC+ agreement of the reduction of oil production, and any news about its increase in this situation may lead to the fall of oil quotes.

Support and resistance
Technical indicators show that WTI growth potential is preserved. Bollinger Bands diverge confirming the upward trend. The volumes of MACD histogram are actively growing in the positive zone. Growth may continue after the resistance level of 46.11 is broken through. If the buyers manage to consolidate above it, growth will continue to 46.85. If not, one may expect downward correction to the middle line of Bollinger Bands (44.80).
Support levels: 45.51, 44.53, 43.75.
Resistance levels: 46.11, 46.85, 47.80.

Trading tips
Buy positions may be opened above 46.11 with targets at 46.85 and stop-loss at 45.85. In case the price breaks out and consolidates above 46.85, the next target of the buyers will be 47.80.
Sell positions may be opened below 45.51 with targets at 44.53 and stop-loss at 45.80.

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Re: Forex Analysis by LiteForex

Postby MikhailLF » Fri Jul 14, 2017 11:57 am

NZD/USD: general review

Current trend

The key event of the previous day was the speech of Janet Yellen before the US Congress. The head of FOMC pointed out positive tendencies in the US economy and stated the regulator was planning to increase interest rates before the end of the year. Yellen's comments did not lead to considerable strengthening of USD, but the pair of NZD/USD dropped without consolidating above the resistance level of 0.7350 that it has been trying to break out for two years.

Today New Zealand published the data on industrial PMI. The fall of the value from 58.5 to 56.2 basis points and the comments by the head of FOMC may lead to the reversal of the instrument today.

Friday is rich in macroeconomic data from the USA. Statistics is expected to be positive for the US currency and this will put considerable pressure on the pair.
Support and resistance

On the D1 chart the instrument moved from the resistance level of 0.7330. Bollinger Bands have corrected sideward, while the price range has slightly broadened indicating the continuation of the current trend. MACD histogram is in thee positive zone maintaining a weak buy signal. Stochastic is approaching the oversold zone.

Support levels: 0.7285, 0.7250, 0.7210, 0.7170.
Resistance levels: 0.7330, 0.7370, 0.7400.

Trading tips

Short positions may be opened at the current price with targets at 0.7275, 0.7250 and stop-loss at 0.7340. The period of implementation is 1-2 days.
Long positions may be opened from the level of 0.7345 with target at 0.7395 and stop-loss at 0.7320. The period of implementation is 1-2 days.
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Re: Forex Analysis by LiteForex

Postby forexcheapvps » Tue Jul 18, 2017 5:32 am

Nice analysis. I like this simple trading analysis from this author. Keep posting this analysis with chart.
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