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Post by luisforexmart on Apr 26, 2016 5:50:10 GMT -5
Technical Analysis for NZD/USD: April 26, 2016
The New Zealand dollar recovered when markets opened on Tuesday while the USD index is still weak.
Ahead of the RBNZ’s announcement on monetary policies, the central bank’s shadow board put together by the New Zealand Institute of Economic Research urged that interest rate should remain at 2.25 percent, causing the bird to fly a little higher.
The pair broke through yesterday’s resistance of 0.6895, peaking at 0.6897 earlier today. The kiwi dollar is currently testing 0.69 levels and is trading at a 42-pip range.
The initial support is at 0.6848 and 0.6814 subsequently. The immediate resistance is now at 0.6921. The MACD indicator is in negative location. The spot exchange is at 0.6893 and rising.
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Post by luisforexmart on Apr 26, 2016 5:54:38 GMT -5
Technical Analysis for USD/JPY: April 26, 2016
On Monday, the dollar fell contrary to the yen, bidding goodbye to the three weeks of growth. The market was expecting for the Fed and BoJ meeting.
The first support occurs at 110.60 and at 109.60 subsequently. The first resistance lies at 111.40 and at 112.20 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen forms a horizontal movement. The ascending movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is correcting.
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Post by luisforexmart on Apr 26, 2016 6:13:18 GMT -5
Technical Analysis for EUR/USD: April 26, 2016
Buying interest are surrounding the Euro as markets remain vigilant ahead of the FOMC meeting. Lower than expected home sales from the US also added upward pressure to the Euro.
Annual home sales only reached 511,000 from last year’s 519,000, hugely missing forecasts of 520,000. The spotlights are now on Fed’s two-day policy meeting that will commence later today and the announcement from the BOJ on Thursday.
The pair rose to 1.1301 today, almost hitting the nearest resistance of 1.1305. The next resistance is at 1.1362. The first support occurs at 1.1243 and 1.1187 subsequently.
The exchange rate is now at 1.1295. The MACD is in a negative location. The price is climbing.
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Post by luisforexmart on Apr 27, 2016 6:22:33 GMT -5
Fundamental Analysis: April 27, 2016
The America filled the economic calendar with its important releases yesterday. For March, the Durable Goods Orders record was issued first wherein it came out at 0.8% in opposition to the report of 1.8%. Meanwhile, the Consumer Confidence for April hitted 94.2 wherein the recent value was 94.2 and the report was 96.0. Traders were hoping to have a glimpse of sign about the state of the economy before the Fed release their decision on Wednesday. And this could also have an effect on any further activity of the dollar. Now, investors abstain from opening new positions before the meeting.
The Eurozone did not have any significant news yesterday. After a solid increase, the EUR/USD pair reduced a bit by the end of the trades.
Meanwhile, the UK has issued Mortgage Approvals index for March wherein the data came in at 45.1K in opposition to the report of 46.0K. The GBP/USD pair displayed an increase but diminished a bit by the end of the trades.
The attraction set for the safe assets provoked the buying of yen. The gossips regarding the BoJ who won't implement fresh soft measures also sustained the yen. We are thinking that the regulator will cautiously assess the impact of the running measures furthermore and will implement the new ones only in June. The USD/JPY pair consolidated.
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Post by luisforexmart on Apr 28, 2016 5:50:35 GMT -5
Technical Analysis for GBP/USD: April 28, 2016
As it has been expected, the Gross Domestic Product of the UK heightened by 0.4%, while its economy made an increase of 0.6%. The interest for the pound were sustained a bit by the 10-year UK government bonds yield which showed a growth in the Bonds Market.
The first support stands at 1.4480 and at 1.4400 subsequently. While the first resistance occurs at 1.4560 and at 1.4650 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou span. The Tenkan-sen displays an ascending movement and the Kijun-sen creates a horizontal movement. The ascending movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is consolidating.
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Post by luisforexmart on Apr 28, 2016 6:07:47 GMT -5
Technical Analysis for EUR/USD: April 28, 2016
The US and Germany government bonds yield differential has reduced in the bond market which also served as a "bullish" factor for the euro. Since commodity prices are in the US currency, the commodity market displayed an ascending trend that normally had a negative effect on the dollar. The center of attraction were focused on the US Fed meeting.
The first support occurs at 1.1260 and at 1.1150 subsequently. The first resistance resides at 1.1350 and at 1.1450 subsequently.
A confirmed and a poor sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen creates a horizontal movement. The descending motion will remain until the price is below the Cloud.
The MACD indicator is in a positive location. The price is growing.
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Post by luisforexmart on Apr 28, 2016 6:30:46 GMT -5
Technical Analysis for AUD/USD: April 28, 2016
The Aussie dollar recovered after a wounded Wednesday session. The pair now occupied the 0.76 level, reaching an intraday high of 0.7659 within a range of 0.7577 to 0.7659.
A weak USD due to Fed’s decision to stall rate movements lifted the AUD. The Australian dollar also experienced a boost after the RBNZ’s similar rate verdict. The current exchange rate is 0.7633.
Although gaining back its footing, the AUD still has many red than green movements, indicating a muted reaction from Fed than expected. The immediate support occurs at 0.7605 and 0.7586 subsequently. The first resistance occurs at 0.7655 and 0.7694 subsequently.
The MACD indicators is in a negative location and the price is rising.
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Post by luisforexmart on Apr 29, 2016 5:18:37 GMT -5
Fundamental Analysis: April 29, 2016
On Wednesday, the dollar were constantly steadfast to other major currencies as a preparation for the last Federal Reserve System political speech. Investors put their attention to the result of the political meeting expecting for any signs about the interest rates modification in June. The Fed left the rates remained at 0.5%.
In Germany, the Consumer Confidence outstandingly improved as it came at 9.7 in opposition to the recent value of 9.4. The consumers think that the economy of Germany will get better for the next months and look forward to its modest improvement. The EUR/USD stabilized a little.
Since the market realized that the UK economy gained by 0.4%, the pound ceased in growing together with the expectations of economists, but it slowed down to 0.6% in the recent quarter. In the first quarter, the UK economy grew by 2.1% on annual basis, which is the same with the recent quarter and rather high than the anticipated 2.0%. The GBP/USD pair reduced by the end of the trades.
Meanwhile, the USD/JPY pair heightened by the end of the trades.
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Post by luisforexmart on Apr 29, 2016 5:55:08 GMT -5
Technical Analysis for NZD/USD: April 29, 2016 The kiwi is hovering 20 pips below 0.70 handle after recording losses from an intraday high of 0.6990. With rate decisions coming from a number of currencies this week, NZD is showing the second strongest performance after the Yen. The ANZ Business Confidence released today showed that companies are expecting positive economic activity as it jumped from 3.2 in March to 6.2 in April. Thirty-five percent of the surveyed firms predict an interest rate cut in the next policy meeting. On the US side, personal spending will be released today while a deluge of data including manufacturing PMI and nonfarm payroll will come next week. The first support is at 0.6918 and 0.6883 subsequently. The first resistance is at 0.7037 and 0.7072 subsequently. The MACD indicator is in neutral location. The price is rising.
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Post by luisforexmart on Apr 29, 2016 5:59:18 GMT -5
Technical Analysis AUD/USD: April 29, 2016 AUD/USD rose by 11 pips after the US natural gas jumped by 73 billion from a forecasted 70 billion. Weak USD index continue to push the AUD upward. The exchange rate as of time of writing is 0.7655, close to topping the day’s high of 0.7658. Australia’s Q1 producer price index slipped by 0.2 percent when analysts were expecting a 0.2 percent gain from the previous quarter. The greenback’s side is still riding the bears after Fed’s statement on the interest rate and a 0.5 percent GDP growth. The spotlight is now on the Reserve Bank of Australia who will announce its rate decision on Tuesday, May 3. The first support is located at 0.7600 and 0.7562 subsequently. The first resistance is located at 0.7686 and 0.7752 subsequently. The MACD indicator is still in negative location. The price is increasing.
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Post by luisforexmart on May 3, 2016 1:12:14 GMT -5
Technical Analysis for EUR/USD: May 3, 2016
In opposition to the anticipation of most of us, the Manufacturing PMI in Germany reduced. The indicator displayed the data of 51.8 contrary with 51.9 in the recent month wherein it was seasonally revised. Meanwhile, experts hoped for the index to be at the recent level of 51.9.
The first support occurs at 1.1450 and at 1.1350 subsequently. The first resistance resides at 1.1550 and at 1.1650 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen shows an ascending motion and the Kijun-sen forms a horizontal movement. This movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is growing.
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Post by luisforexmart on May 3, 2016 5:06:22 GMT -5
Technical Analysis for USD/JPY: May 3, 2016
The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0.
The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently.
A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is correcting.
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Post by luisforexmart on May 4, 2016 2:55:42 GMT -5
Fundamental Analysis: May 4, 2016
Insignificant forecasts has been issued by the USA which is the ISM New York and IBD/TIPP Economic Optimism indices wherein the data came in at 48,7 in opposition to the reported 46,6. The stabilization of the price can be viewed already, yet it is too soon to determine whether this is enough for a rate hike. At the next meeting that will take place in June, the decision for the rate hike will come up.
Meanwhile, the Producer Price Index in Eurozone for March displayed -4.2% wherein the report was -4.3% and the recent value was -4.2%. And for the first time this year, the index heightened. It could be a sign that the growth is impossible to decline for the next months.
The pound reduced on Tuesday from being on peak for four months when the manufacturing activity of the UK dropped in April for the first time over the past three years wherein the data came in at 49.2 from 51.0 in March contrary to the reported 51.2. The index that has been issued heightened the concerns regarding the probable growth in the second quarter.
Meanwhile, in the midst of the Constitution Day, the Bank of Japan did not have any activity on Tuesday.
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Post by luisforexmart on May 4, 2016 5:18:00 GMT -5
Technical Analysis for GBP/USD: May 4, 2016 Declining to its bottom-most level since February 2013, the Markit Manufacturing PMI in the UK modulated to 49.2 in April. This data was lower than the re-assessed value of 50.7 in March and below the economists' expectation of 51.2. The Manufacturing is still one of the most unpredictable sectors of the economy and still faces challenges including poor demand in the Asian markets and the slowing down of the euro area. The first support occurs at 1.4480 and at 1.4400 subsequently. The first resistance stands at 1.4560 and at 1.4670 subsequently. A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen and the Kijun-sen display a horizontal motion. The ascending movement will remain until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is strengthening.
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Post by luisforexmart on May 4, 2016 5:37:37 GMT -5
Technical Analysis for AUD/USD: May 4, 2016
After experiencing its steepest fall this year, the Australian Dollar gained some ground on Wednesday as Fed officials put the greenbacks in a positive light.
The Reserve Bank of Australia (RBA) put the interest rate at 1.75 percent, paring off 25 basis points. Governor Glenn Stevens cited the recent deflation and sluggish global growth as reasons to cut the rate.
One of the central bank’s aim, which is to lower the local currency, materialized upon the announcement. The AUD/USD slid to 73 cents on Tuesday. RBA officials previously said that the AUD has been overvalued since the beginning of the year.
The spot exchange has now returned to 0.75 levels, showing that perhaps one rate cut is not enough to jawbone the AUD. It reached a high of 0.7516 today and is trading within a range of 49 pips.
Fed presidents Dennis Lockheart and John Williams said on Tuesday that a rate hike is visible for the USD, taking it to bullish territory.
The first support is at 0.7366 and 0.7329 subsequently. The first resistance is at 0.7603 and 0.7641 subsequently. The MACD indicator is in negative location. The price is rising.
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