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Re: XtreamForex.com

Postby xtreamforex.com » Tue Jan 24, 2017 8:25 am

EUR/USD Technical Analysis for January 24, 2017

Possible trading range for today 1.0745 - 1.0772

The EURUSD pair continues to trade strongly as the dollar weakness continues across the board. When the new year began, everyone expected the dollar strength to return.

EUR/USD pair possibly will find its immediate support at 1.0705. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0684 and 1.0649
.
On the other side, we found immediate resistance at 1.0775 from our EUR/USD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0796 and 1.0831.
#economic #forex #Economicdata #daytrading #xtreamforex

https://www.xtreamforex.com/Education/eurusd-forecast-daily-technical-analysis-for-january-24-2017/
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Re: XtreamForex.com

Postby xtreamforex.com » Wed Jan 25, 2017 5:24 am

GBPUSD Forecast | Daily Technical Analysis for January 25, 2017

GBPUSD Technical Forecast Overview
\
Yesterday Closed 1.2521
Today Open 1.2521
Day’s Range 1.2513 - 1.2542
52 wk Range 1.1450 - 1.5020
1-Year Return - 12.04%

GBPUSD Technical Support and Resistance

Possible trading range for today 1.2513 - 1.2542
GBPUSD pair possibly will find the immediate support at 1.2442. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2363 and 1.2311.
On the other side the market has immediate resistance at 1.2573. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2625 and 1.2704.

GBPUSD Fundamental Analysis

We had mentioned the same thing in our forecast yesterday where we had said that the ruling was expected to uphold the earlier decision which made the Parliament approval mandatory. We had also mentioned that though this would be good for the pound overall, there was a likelihood of a buy the rumor, sell the fact kind of move and this is what we saw yesterday as well as the pair crashed through 1.2500 and went as low as 1.2420 following the ruling but then it spent the rest of the day recovering. As of this morning, it has managed to recover its entire loss and sits below 1.2550 and we believe that this move in the pound has the legs to carry it as far as 1.27 or 1.28. This ruling is positive for the pound in the short term but its long term effects and the subsequent delays could place a lot of pressure on the pound in the medium term.
We do not have any major news from the UK but we have the oil inventory data from the US later on in the day which has the capacity to bring in risk into the markets. We believe that the GBPUSD pair will consolidate through the day with a bullish bias.


EURUSD Forecast | Daily Technical Analysis for January 25, 2017

EURUSD Technical Overview

Yesterday Close 1.0731
Today Open 1.0731
Day’s Range 1.0722 - 1.0738
52 wk Range 1.0339 - 1.1616

1-Year Change - 1.09%

EURUSD Technical Support and Resistance
Our Possible trading range for today 1.0722 - 1.0738
EURUSD pair possibly will find its immediate support at 1.0707. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0683 and 1.0649.
On the other side, we found immediate resistance at 1.0765 from our EURUSD technical analysis. If, market breaks the
primary resistance level then, for sure market will go for the new resistance level 1.0799 and 1.0823.

EURUSD Fundamental Analysis

We had mentioned in our forecast yesterday that the EURUSD pair was at a crucial region of resistance which it would find hard to break through soon and that’s what we have been seeing over the past 24 hours as the pair consolidates just below that region, unable to find a way through. And with the twitter happy President of the USA also choosing to remain silent for a day, contrary to his character, the dollar also got a little breather and it managed to hold its own against all the currencies and this was another reason for the consolidation and ranging in the EURUSD pair.
We have the German IFO business climate which is expected to continue to show up the strong German economy and we also have the oil inventory data from the US and any drop in that should be able to increase the oil prices and increase the risk around the markets.
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Re: XtreamForex.com

Postby xtreamforex.com » Mon Jan 30, 2017 11:34 am

USDJPY Forecast for the Week of January 30, 2017

The USDJPY had a volatile week in terms of changes in direction. As far as the price action is concerned
Read more: https://www.xtreamforex.com/Education/usdjpy-forecast-for-the-week-of-january-30-2016/
#forex #xtreamforex #forexforecast #forextrading #support_resistance
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Re: XtreamForex.com

Postby xtreamforex.com » Thu Feb 02, 2017 10:53 am

GBP USD Forecast | Daily Technical Analysis for February 2, 2017

GBP USD Technical Overview

Yesterday Closed 1.2660
Today Open 1.2660
Day’s Range 1.2654 – 1.2680
52 wk Range 1.1450 – 1.5020
1-Year Return – 12.01%

GBPUSD Technical Support and Resistance

Possible trading range for today 1.2654 – 1.2680

GBP USD Fundamental Analysis

The GBP USD pair had a pretty strong day yesterday as the pound is only one of the very few currencies that seems to be capable of holding on by itself whenever there is dollar strength. There seems to be some intrinsic strength built within the pound and the reason for that could be the continuing good economic data from the UK. This has been holding up the pound and that is the reason why the corrections have been shallow and have been met with some quick bounces.
Today is going to be a key day for the GBP USD pair as we have the BOE rate announcement and the policy meeting minutes and we also have the quarterly inflation report from the UK as well. The rate is expected to be kept on hold but the BOE will have to act out a tough balancing act as it needs to take care of the economy and also ensure that the impact of the Brexit doesn’t hit the economy too hard. With the government, yet unclear on how exactly the whole Brexit process is going to pan out, the markets would be expecting the BOE to help out and do the needful in a strong manner to give out some confidence to the market in the pound. It remains to be seen whether that is addressed in the statement and the inflation report. The pair is in a key area now and these data would be valuable in determining the short-term direction of the pound.

Read More: https://www.xtreamforex.com/Education/gbp-usd-forecast-for-february-2-2017/
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Re: XtreamForex.com

Postby xtreamforex.com » Fri Feb 03, 2017 9:15 am

EUR USD Forecast | Daily Technical Analysis for February 3, 2017

EUR USD Technical Overview

Yesterday Close 1.0759
Today Open 1.0759
Day’s Range 1.0745 – 1.0772
52 wk Range 1.0339 – 1.1616
1-Year Change – 3.08%

EUR USD Technical Forecast

Our Possible trading range for today 1.0745 – 1.0772

EUR USD Fundamental Analysis

It’s been a very untidy past 24 hours for the EURUSD with the pair not knowing where to go and how to go about in a specific direction. It has been trying for a week or so to break through the glass ceiling at around the 1.0800 region and the best attempt at that region was made yesterday when it went as high as 1.0828 but it had to beat a hasty retreat as large scale selling started at that point and it fell back below 1.0800 and it trades just above 1.0760 as of this writing.
Its the NFP day today, probably one of the most important days in every month where a huge amount of volatility is bound to be witnessed. The last few employment reports have become especially important as the Fed has made it clear that if the incoming data continues to be good,
Apart from the NFP today, we have the average wage earnings data as well and the non-manufacturing PMI data from the US. We still believe that the dollar will ultimately strengthen and we do believe that the employment report today would come out strong to help support the dollar.

Read More: https://www.xtreamforex.com/Education/eur-usd-forecast-for-february-3-2017/
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Did You Join XtreamForex Demo Contest

Postby xtreamforex.com » Thu Mar 16, 2017 2:22 pm

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Order Your XtreamForex MasterCard Today

Postby xtreamforex.com » Tue Mar 21, 2017 6:30 am

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Re: XtreamForex.com

Postby xtreamforex.com » Wed Mar 22, 2017 10:14 am

GBP/USD analysis: rising inflation fuels speculation of a BOE’s hike

The GBP/USD pair trades at its highest since late February, having extended its intraday advance up to 1.2493 and ending the day some 10 pips below this last. The Pound soared after the release of UK inflation data, as consumer prices rose far beyond expected. Yearly CPI hit 2.3% in February from 1.8% in January, while monthly basis, inflation surged by 0.7& from a previous decline of 0.5%. Core yearly inflation jumped to 2.3%. Producer prices rose less than expected, but remained high in the same month, while the Retail Price Index jumped to 3.2% YoY.

Technical Overview:
Prev. Close: 1.2479
Open1.2479Day’s Range: 1.2464 – 1.2486
52 wk Range: 1.145 – 1.5020
1-Year Change: – 13.15%
Support levels: 1.2345 1.2300 1.2260
Resistance levels: 1.2425 1.2470 1.2510

Technical Indicators:
Buy: 6 Sell: 2 Neutral: 3
Summary:STRONG BUY

Upcoming Economic News:
GBP – 30-y Bond Auction

For Analysis Visit: https://www.xtreamforex.com/Education/daily-technical-analysis-3222017/
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Oil bounces off November lows, but bloated U.S. stockpiles p

Postby xtreamforex.com » Thu Mar 23, 2017 5:37 am

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Brent crude futures, the international benchmark for oil, were at $50.95 per barrel at 0231 GMT, up 31 cents, or 0.6 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
U.S. West Texas Intermediate (WTI) crude futures were up 35 cents, or 0.7 percent, at $48.39 a barrel, after testing support at $47 overnight.
Analysts said Brent had found technical support around $50 a barrel and was being pushed up as traders took new long positions after crude hit multi-month lows overnight.
Despite the bounce, traders said the market remained under pressure, largely due to a big U.S. inventory and doubts that an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut output was reining in a global fuel supply overhang.

Read Full Analysis: http://www.xtreamforex.com/Education/oil-bounces-off-november-lows/
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Best way to Identify the Forex Market future movement

Postby xtreamforex.com » Wed Mar 29, 2017 9:11 am

Best way to Identify the Forex Market future movement

Technical analysis is the science or skill of forecasting of the future movements of the price using the past movements and data.
Obviously, the past movements cannot guarantee the future movements and so technical analysis is not a hundred percent accurate and surefire forecasting but if you learn the technical analysis properly, you can make more correct predictions and so you will be in profit at the end.
Technical analysis rules, techniques and tools are 99% the same in the stock and forex market. So if you learn technical analysis, you can use it both in stock and forex market.
It is impossible to cover everything about the technical analysis in one article. So here I just try to talk about technical analysis in general but write more detailed articles about it.
If you read my daily forex trading market technical analysis reports, you will see that technical analysis is the main thing that I use in the market analysis.

Read Full Article on : https://www.xtreamforex.com/Education/analyze-forex-trading-market/
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