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Forex Forum to Share, Discuss, Communicate and Trade Forex • Daily Market Analysis from ForexMart (Technical)
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USD/JPY Technical Analysis: August 30 2016

PostPosted: Tue Aug 30, 2016 11:01 am
by Andrea ForexMart
The USD accrued by making a 2-week high in spite of the reports concerning the increment in price introduced by the Fed to be imposed for the next month. Furthermore, the yen resumed to subsidize the dollar.

When the pair heightened its rate on Monday, it secured a concrete resistance level at 102.50 but did not permitted any price gains. The current resistance of the doolar and yen is 102.50, the level of support identified at 101.40.

MACD presented a positive movement, the histogram denoted the buyer's’ strength and the RSI is seen in overbought area.

USD/JPY moves through the 4-hour chart and broke 200-EMA and ascended the moving averages of 50, 100 and 200. The trading pair seems bullish after the growth of its resistance level of 102.50.

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GBP/USD Technical Analysis: August 31, 2016

PostPosted: Wed Aug 31, 2016 10:36 am
by Andrea ForexMart
Subsequent to the weak data introduced on Thursday is the debilitation of the sterling whilst the dollar stay behind its strong position even when the Fed announced the imminent raise for the rates intended this current year.

The pair drawn against its weekly low throughout the trades done on Thursday but the British pound demonstrated a positive gains. GBP/USD resistance is positioned in the 1.3200 level, its support moves in the 1.3100 level.

The two main indicators had a negative feedback. The MACD signaled strength for the sellers, at the same time the RSI shifted in the oversold area. The pair price recurred under the 50-EMA in the 4-hour chart. It is speculated that GBP/USD will have a downtrend when the level of support falls into 1.3050.

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EUR/USD Technical Analysis: September 1, 2016

PostPosted: Thu Sep 01, 2016 10:00 am
by Andrea ForexMart
The results of the US ADP survey made an impact over the possibility of the price hike set by the Fed. Dollar is up on today's trading and perpetuated a bullish view. EURUSD attained 3 week lows in the rear of the ADP employment report favorable results. The pair is moving south with a descending trendline while the 50, 100 and 200 Day EMAs are drawn away to the pair price. The indicators stands in the negative area, MACD and RSI signaled a bearish pattern. Level of resistance exists at 1.1200, support is seen at 1.1130.

The EUR/USD is speculated to remain in the support level of 1.1130, in case that the currency pair failed to maintain its current support then the momentum investing will be altered with 1.1070.

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EUR/USD Technical Analysis: September 5, 2016

PostPosted: Mon Sep 05, 2016 9:41 am
by Andrea ForexMart
The EUR/USD pair whipsawed after the release of the US Non-Farm Payrolls report. The initial expected data was an increase of 180,000 jobs which led to a disappointment in the market as the pair topped out at 1.1252 before going below the the 10-day moving average at 1.1221 points. The currency pair’s exchange rate went up above the support line near the 10-day moving average at 1.1124 points. The RSI is currently reading at 46 points in the middle of the neutral range.

In August, the data for the US non-farm payrolls went up by 151,000, falling short of its expected release after the 275,000 upsurge in July. The 3-month average is presently at 232,000, while the labor data increased by up to 176,000 while the household employment data also increased at 97,000. Unemployment rates were stagnant at 4.9% with participation rates on the neutral at 62.8%. Meanwhile, the average hourly earnings for July surged by 0.1% from its previous rate of 0.3%.

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AUD/USD Technical Analysis: September 6, 2016

PostPosted: Tue Sep 06, 2016 9:42 am
by Andrea ForexMart
In consonance with the report of the Australia Company Gross Operating Profits the Aussie demonstrated a good growth. The pair continued to flourish during the first day of the week. The buyers are able to drive the price level to 0.7600 as it became the turning point of the pair which marginally lose edge.

Moving averages keep on the neutral position as presented in the 4-hour chart. Resistance is seen at 0.7600, support is at 0.7540.

MACD lies near through the centerline. So in case that the histogram indicated a negative position the seller's strength will bolster but if it pierced within the positive territory, it will allow the buyers to rule the market. The RSI comes in at the overbought territory.

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EUR/USD Technical Analysis: September 7 2016

PostPosted: Wed Sep 07, 2016 9:58 am
by Andrea ForexMart
The report of the Non-Manufacturing PMI established a slowdown result which also weakened the US dollar and lowered its monthly performance.

During the Asian and Europe session held yesterday the pair existed in the pressured area near the level of 1.1130.

EURUSD interrupted the 1.1200 level then headed in the level of 1.1270. The pair also receded the moving averages 50,100 and 200 furthermore shifted toward the north direction. The resistance approached the 1.270 level whereas the level of support is set at 1.1200.

MACD indicated a softened position of the sellers. RSI moves closer to the overbought condition.

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USD/CAD Technical Analysis: September 8 2016

PostPosted: Thu Sep 08, 2016 11:19 am
by Andrea ForexMart
The dollar made some withdrawal since the Fed had an increase despite that the market is experiencing a very high risk. The growth in the price of oil affected the CAD positively. Investors on the other hand are looking forward for the result of BOC meeting.

The period of indecision of the pair intervenes between 1.2824 - 1.2864. The sentiment of USD CAD is identified to be neutral. The moving averages of the pair maintained a bearish position.

The 50-EMA crosses the 100 and 200 EMAS as seen in the hourly chart. The level of resistance marked the 1.2900 and the current support approached the 1.2800 level.
MACD demonstrated the same position that strengthened the sellers otherwise the RSI is moving towards the negative zone.

The pair is recommended to surge with a resistance level of 1.2900 though there is a tendency to make a reversal and restore a lower position, seller should work for a price increase heading to 1.2800.

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GBP/USD Technical Analysis: September 13, 2016

PostPosted: Tue Sep 13, 2016 10:45 am
by Andrea ForexMart
Macroeconomic announcements of UK were not yet issued since Monday. The property market of UK will tend to focus more on the upcoming session of the Core Consumer Price Index.

The trading range of the pound indicates an upward movement on a low volume last Monday which is not distant to the low result on Friday.

The price of the pair ranges from 1.3244 to 1.3285 throughout the day trading.
Upon the outset of the North American session the dollar and the pound regained.
GBP/USD introduced a higher position in the 4-hour chart which made its price to reach the 50-EMA.

The 100-EMA moved upward and crosses over the 20-EMA with a similar chart.
Moving averages established a bullish pattern. The resistance is in the level of 1.3360, support comes in 1.3200 level.

MACD is in the negative territory. MACD decreased which confirms the strength of sellers.

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As the MACD enters the negative zone, it affirmed for the seller's strength. RSI sets in the oversold condition.

USD/JPY Technical Analysis: September 14 2016

PostPosted: Wed Sep 14, 2016 11:25 am
by Andrea ForexMart
After the Board of Governors of the Fed released an announcement regarding their speculations to bring around the possible increase in rate for the month of September. The US dollar and Japanese yen confirmed a buy signal on Tuesday. On the other hand, the dollar recovered from the losses it endured on Monday. The buyers also drove the price within the level of 102.50. The financial instrument restored its position on top of the 50, 100 and 200 EMAs as indicated in the 4-hour chart while remained in a neutral status.

Resistance is placed at 102.50, support settled at the level of 101.40. MACD arrived at the negative zone and experienced a steep decline that signaled seller's strength. RSI bounced against the oversold condition.

USDJPYH414.png (24.14 KiB) Viewed 48 times

NZD/USD Technical Analysis: September 15, 2016

PostPosted: Thu Sep 15, 2016 8:06 am
by Andrea ForexMart
There is an ease of movement of the New Zealand currency although the country indicated a weaker-than-expected result of its economy's health.

The price of the pair is 0.7250 and able to trade with a higher price on Wednesday. The trendline continued to move in an upward direction even before a decline already occurred. The kiwi arrived at a lower position as indicated in the 4 hour chart because it is also currently dealing with a bullish tone 200-EMA.

The price is moving between the 100 and 200 EMAs according to the timeframe analysis. While the 50 and 100 EMAs recorded a lower ratio. The resistance is established at 0.7320, support stands in the level of 0.7250. MACD experienced a downturn which means that sellers have strengthened. RSI merges on the oversold condition. The kiwi and dollar is anticipated to present a negative tone in the market.

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