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Forex Analysis by LiteForex

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Forex Analysis by LiteForex

Postby LiteForexNews » Mon Nov 16, 2015 7:26 am

With kind permission of the Administration we'll be glad to share our view of the latest Forex news and free Forex signals.
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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Mon Nov 16, 2015 9:23 am

GBP/USD: general analysis

Current trend

Last week, the GBP/USD pair managed to strengthen amid weak US macroeconomic indicators, in particular, when Retail Sales statistics were released on Friday. However, at present, the dynamics has changed.
This week, attention needs to be paid to Producer Price Index, Retail Price Index and Consumer Price Index, due in the UK. The US, in its turn, releases Consumer Price Index. Favorable statistics may strengthen the national currencies.
NY Empire State Manufacturing Index is due today in the US. Analysts forecast a rise from -11.36 to -6.00 points. Nevertheless, the indicator does not influence much market volatility.

Support and resistance

On the daily chart, MAs with 10 and 20 periods are above the current price and directed downward. MACD histogram is in the negative zone, its volumes are growing. According to the indicators, the pair tends to decline, but no high volatility is expected today so the price is likely to trade within the range of 1.5268-1.5061, which was formed by MA10 and the lower MA of Bollinger Bands.
Support levels: 1.5061 (lower MA of Bollinger Bands), 1.5026 (last week low).
Resistance levels: 1.5268 (last week high), 1.5292 (middle MA of Bollinger Bands), 1.5520, 1.5821.

Trading tips

Short positions can be opened from the current level with the target at 1.5120 and stop-loss at 1.5268.
Long positions can be opened after the consolidation above the level of 1.5268 with the target at 1.5360 and stop-loss at 1.5230.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Fri Nov 20, 2015 1:23 pm

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.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Wed Nov 25, 2015 12:59 pm

NZD/USD: US Dollar gains back losses

Current trend

The next RBNZ meeting is due on 9 December. While the Fed is getting ready to start tightening US monetary policy, NZ monetary policy tends to remain loose.
Amid lowering exports to China, falling commodity and dairy products prices and a slowdown in GDP growth, the RBNZ is likely to cut its interest rates again. The head of the RBNZ Graeme Wheeler has repeatedly stated possibility of this scenario.

Support and resistance

Today, due to the strengthening in the USD, the NZD/USD pair has rebounded down from the resistance level of 0.6575 (EMA200, EMA144 on the 4-hour chart and EMA50 on the daily chart).
OsMA and Stochastic indicators on the 4-hour chart have started giving sell signals. On the daily chart, Stochastic is turning to short positions as well.
As long as the price is trading below the resistance levels of 0.6750 (EMA144), 0.6860 (23.6% Fibonacci), 0.6890 (EMA200 on the daily chart), a downward dynamics remains valid.
Support levels: 0.6530, 0.6500, 0.6465, 0.6435, 0.6400.
Resistance levels: 0.6575, 0.6615, 0.6700, 0.6750.

Trading tips

Short positions can be opened from the current level with targets at 0.6500, 0.6470, 0.6435, 0.6400, 0.6310 and stop-loss at 0.6580.
Long positions can be opened from the level of 0.6610 with targets at 0.6690, 0.6750 and stop-loss at 0.6550.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Wed Nov 25, 2015 1:29 pm

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. MACD’s 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.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Thu Nov 26, 2015 1:39 pm

USD/CAD: in upward trend

Current trend

Since the opening of the Asian session, the US Dollar has been growing. Yesterday, the US currency gained support from macroeconomic statistics that strengthened expectations of a hike in US interest rates at the upcoming Fed meeting.
US Energy Information Administration reported a rise by 0.961 billion barrels in crude oil stocks that added pressure on Canada's currency.
Amid expectations of US interest rates increase, oversupply of the world oil market and Canada's loose monetary policy, the USD/CAD pair tends to continue growing in the medium term.

Support and resistance

Though OsMA and Stochastic on the daily chart recommend short positions, they are still giving buy signals on the weekly chart. On the 4-hour chart, the indicators are turning to long positions as well.
Long positions remain valid while the price is trading above the key support level of 1.2965 (38.2% Fibonacci and EMA 144 on the daily chart).
Support levels: 1.3240, 1.3200, 1.3140, 1.3100, 1.3050, 1.2965.
Resistance levels: 1.3350, 1.3400, 1.3450.

Trading tips

Long positions can be opened at the current level or from 1.3310, 1.3290, 1.3260, 1.3230 with targets at 1.3350, 1.3390, 1.3410, 1.3450 and stop-loss at 1.3190.
Short positions can be opened from the level of 1.3180 with targets at 1.3140, 1.3090, 1.3050, 1.2965 and stop-loss at 1.3220.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Fri Nov 27, 2015 1:41 pm

XAU/USD: pair resumed fall

Current trend

After Thanksgiving Day in the US yesterday when American markets were closed and volatility remained low, since today’s 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 Fed’s 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.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Mon Nov 30, 2015 3:32 pm

XAG/USD: pair in flat

Current trend

Today the XAG/USD pair is growing.
However, the pair remains under pressure amid investors’ expectations of an interest rates hike in the US in December. According to the Fed Fund Futures, the probability of the rate increase in December is at 78%. On Friday, March futures on silver fell by 12.7 cents, while the WSJ Dollar index remains at 13-year highs.
Investors’ attention is focused on the US labour market data for November that is due on Friday and which is going to play a key role for the decision on interest rates at Fed’s December meeting.

Support and resistance

On the daily chart, the XAG/USD pair is falling along a channel with the lower border below the level of 13.85.
Prior to the publication of important data the price will stabilise near the level of 14.00 (year lows). An upwards correction towards the level of 14.60 (ЕМА144, ЕМА200 on the 4-hour chart) is possible. However, a breakdown of the level of 14.00 would accelerate the fall.
On the 4-hour and daily charts, OsMA and Stochastic are turning to purchases.
Support levels: 14.00, 13.80, 13.50.
Resistance levels: 14.35, 14.60, 14.80, 15.30.

Trading tips

Short positions can be opened from current prices with targets at 14.00, 13.80, 13.50 and stop-loss at 14.35.
Long positions can be opened after the price consolidation above the level of 14.60 with targets at 15.30, 15.50.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Tue Dec 01, 2015 12:21 pm

USD/CHF: growth potential remains

Current trend

Since the beginning of this week the USD/CHF pair was falling.
However, today poor macroeconomic statistics from Switzerland supported the pair. The SVME – Purchasing Managers’ Index for November fell to 49.7 points, while Real Retail Sales shrank by 0.8%. Both indices came out significantly worse than forecasts. Furthermore, the third quarter GDP grew by only 0.8% against the previous year that was also worse than expected.
Today attention needs to be paid to data on the ISM Manufacturing PMI for November from the US that is forecasted to grow from 50.1 to 50.3 points. A high volatility is expected on the market.

Support and resistance

On the daily chart, the pair is moving along an ascending channel between the levels of 1.0340 and 0.9800. Despite the price is trading at year highs, the growth potential towards the level of 1.0600 (ЕМА144 on the monthly chart) remains in the pair.
At the same time, a downward correction to the level of 1.0215 (ЕМА50, lower border of an ascending channel on the 4-hour chart) is possible.
On the daily and weekly charts, OsMA and Stochastic indicate a growth continuation, while on the 4-hour chart they turned to sales.
Support levels: 1.0215, 1.0130, 1.0000, 0.9880, 0.9800.
Resistance levels: 1.0300, 1.0340, 1.0400.

Trading tips

Pending sell order can be placed from the level of 1.0270 with targets at 1.0190, 1.0100, 1.0080, 1.0000 and stop-loss at 1.0310.
Pending buy orders can be placed from the level of 1.0320 with targets at 1.0340, 1.0400, 1.0600 and stop-loss at 1.0280.

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Re: Forex Analysis by LiteForex

Postby LiteForexNews » Tue Dec 01, 2015 1:35 pm

USD/JPY: long positions preferred

Current trend

Since the beginning of Asian session today the USD/JPY pair fell.
The pair was pressured by poor data on the Chinese manufacturing sector that showed further cooling of the Chinese economy. In addition, pressure on the pair comes amid investors’ expectations of further monetary policy easing in the eurozone because the Yen serves as the safe-haven currency during market instability.
At the same time the pair is supported by expectations of an interest rates hike in the US in December and further monetary policy easing in Japan as it was mentioned before by Bank of Japan Governor Kuroda.

Support and resistance

On the daily chart, the pair is moving along an ascending channel with the upper border near the level of 124.50, while the last 4 weeks it has been trading in a range between the levels of 123.70 (23.6% Fibonacci correction) and 122.50 (38.2% correction).
The pair is prevented from further fall by strong support levels at 122.50, 122.25 (ЕМА144), 122.00 (ЕМА200 on the 4-hour chart), while a breakout of the level of 123.70 would send the pair to 125.00, 125.65 (year highs).
On the 4-hour, daily and weekly charts, OsMA and Stochastic recommend long positions.
Support levels: 122.50, 122.25, 122.00, 121.50.
Resistance levels: 123.50, 123.70, 124.00, 124.50.

Trading tips

Pending buy orders can be placed at the levels of 122.50, 122.25, 122.00 with targets at 123.00, 123.50, 123.70, 124.00, 124.50 and stop-loss at 121.70; and at 123.30 with targets at 123.50, 123.70, 124.00, 124.50 and stop-loss at 122.80.
Pending sell orders can be placed at the level of 121.40 with targets at 121.10, 120.70 and stop-loss at 121.70.

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