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Post by luisforexmart on May 20, 2016 5:37:25 GMT -5
Technical Analysis for EUR/USD: May 20, 2016
Bonds Market. The interest in the European assets lessened due to the decline in the 10-year German government bonds yield. Protocols were presented by the ECB. The euro could not be sustained by the issued ECB minutes.
The primary support occurs at 1.1150 and at 1.1040 subsequently. While the primary resistance resides at 1.1260 and at 1.1350 subsequently.
An inveterate and a solid sell signal has been found. The price is below the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement. This activity 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 20, 2016 5:43:39 GMT -5
Technical Analysis for USD/CHF: May 20, 2016 Though the macroeconomic calendar was empty, the investors of Switzerland put their interest to the United States' data. The USA presented the Initial Jobless Claims report wherein the data showed 278,000 against the expected 275,000 and also the Philadelphia Fed Manufacturing Survey wherein -1.8 againts the report 3.5.
The primary support occurs at 0.9850 and at 0.9750 subsequently. The primary resistance stands at 0.9940 and at 1.0020 subsequently.
An inveterate and a solid buy signal. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen forms a horizontal movement and the Kijun-sen creates an ascending movement. This activity will remain until the price is on top of the Cloud.
the MACD indicator is in a positive location. The price is consolidating.
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Post by luisforexmart on May 24, 2016 5:07:40 GMT -5
Technical Analysis for EUR/USD: May 24, 2016 A slew of hawkish statements from Fed officials weighed in on the EUR/USD, paired with the Germany’s disappointing manufacturing PMI. Philadelphia Fed President Harker and St. Louis Fed President Bullard said that a June rate hike is “appropriate” given the US’ strong economic data. An increase will also allow Fed enough space to lower it should financial instability hit the country. The two officials said that more rate hike is possible next year if favorable US data continue. Meanwhile, Germany, the Eurozone’s biggest economy, reported a lower slower manufacturing PMI growth. The latest release grew by 1.3 percent year-on-year, similar to the previous month’s 1.3 percent. Economists forecasted a 1.6 percent rise. The pair is now trading at 1.1185, topping at 1.1706 in earlier session. The first support is at 1.1067 and 1.0937 subsequently. The MACD indicator is in a negative position and the price is declining.
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Post by luisforexmart on May 25, 2016 2:36:32 GMT -5
Technical Analysis for NZD/USD: May 25, 2016
NZD/USD is receiving downward pressure from rosy US data, shrouding a similarly upbeat trade data from the kiwi dollar.
New Zealand’s trade balance in April amounted to $292 million from the previous month’s $117 million, beating the forecast $60 million by leaps. This is due to exports of $4.30 billion, a 10 million increase from March’s $4.20 billion, while imports were down to $4.01 billion from $4.09 billion.
Home sales in the US is the highest in eight years, with 619,000 more houses sold from the previous month’s 531,000. Only 523,000 were expected in April. This is a 16.6 percent growth from a decline of -1.3 percent in March.
Increasing talks about a Fed rate hike in June is also boosting the buying interest around the USD, sending the bears toward the bird. As the market digests Fed officials’ hawkish statements on Monday, a bearish outlook on the NZD will remain.
The first support is at 0.6716 and 0.6576 while the first resistance is at 0.6823 and 0.7054. The spot exchange is currently 0.6754.
The MACD indicator is in negative location. The price is rising.
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Post by luisforexmart on May 25, 2016 6:05:54 GMT -5
Technical Analysis for EUR/USD: May 25, 2016 The Bonds market visualized an increasing optimism as the 10-years German government bonds yield increased which also heightened the charm of the European assets. The center of the attraction was the Economic Sentiment in May (the ZEW Institute). The index aggressively decreased which weakened the euro wherein the data came in at 6.4 against the expected 12.0. The first support occurs at 1.1130 and at 1.1070 subsequently. The first resistance lies at 1.1200 and at 1.1250 subsequently. An inveterate and a solid sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal movement. This activity will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is declining.
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Post by luisforexmart on May 26, 2016 5:32:21 GMT -5
Technical Analysis for GBP/USD: May 26, 2016 The decreasing doubts regarding the result of the referendum cause the pound to come nearly to its high for the week. The volume of Brexit opponents is 55% against 42% who want to exit the EU, according to the recent poll. The first support occurs at 1.4670 and at 1.4560 subsequently. The first resistance stands at 1.4760 and at 1.4880 subsequently. An inveterate and a solid buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen ascends in movement and the Kijun-sen displays a horizontal movement creating a "Golden Cross". This activity 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 27, 2016 5:21:51 GMT -5
Fundamental Analysis: May 27, 2016 In the midst of positive economic forecasts, the dollar reinforced its positions. As stated by the Fed, the US regulator may heightened the rates at its conference this coming June. Meanwhile, in the economic news, the United States presented the Initial Jobless Claims wherein the volume appeared at 268,000 against the report of 275,000. The euro was bolstered by the agreement happened between the Eurozone and the Greece. The latter attained an agreement with its creditors and shall take a new tranche of loans in the amount of 10 billion euro. It has been inveterated that the recoupment of the British economy became sluggish by the second Gross Domestic Product estimate for the first quarter in the UK. The economy showed a growth by 0,4% in the first quarter from 0,6% in Q4 2015. The economy of Britain encountered a difficulty with a devitalized growth in emerging markets particularly in China. The approaching referendum also decelerated the growth. The dollar stick around in a range waiting for the statement of Janet Yellen. The market is anticipating hints from the regulator about the probable rate hike in June. The yen raised and bereaved the dollar from its recent gains. The investors involuntarily close positions before there are any probable risk that may occur.
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Post by luisforexmart on May 27, 2016 5:30:33 GMT -5
Technical Analysis for USD/JPY: May 27, 2016 The yen deprived from growing on Thursday. But as the corporate services price index grew, it heightened precociously. And as presumed, the Corporate Service Price index grew by 0,2% y/y. The USA presented the Durable Goods Orders wherein the data showed 0,4% against the expected 0,3% and Initial Jobless Claims which showed 268,000 against the report 275,000. The first support occurs at 109.00 and at 108.20 subsequently. The first resistance stands at 109.80 and at 110.60 subsequently. The price is in the Ichimoku Cloud and it is over the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Golden Cross". The MACD indicator is in a neutral location. The price is consolidating.
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Post by luisforexmart on May 31, 2016 5:30:59 GMT -5
Technical Analysis for EUR/USD: May 31, 2016 Upbeat data from Eurozone’s two biggest economies helped cushion the blow of a firming USD against the Euro as the bloc currency records session highs, although the pair is still under performing. Preliminary CPI of Germany, the EU’s largest economy, was in line with the forecast 0.3 percent growth from the previous reading’s decline of 0.4 percent. France, the second largest, recorded a higher-than-expected 0.6 percent GDP for the first three months of the year, beating the 0.5 percent expectations. The Eurozone Economic Sentiment report also showed that consumers have a positive outlook on the economy. It printed 104.7 points in May, up from 104.0 last month. However, these are not enough to offset the bulls surrounding the USD after the Fed Chairwoman herself said that a rate hike is appropriate given the US’ economic conditions. The pair is now trading at 1.1149, peaking at 1.1156 in early European session. The first support is at 1.1067 and 1.0937 subsequently. The first resistance is at 1.1215 and 1.1357 subsequently. The MACD indicator is in negative position. The price is rising.
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Post by luisforexmart on Jun 1, 2016 5:22:56 GMT -5
Technical Analysis for GBP/USD: June 1, 2016 The pound managed to recover from its lows. Generally, the dollar stayed solid contrary to the pound as an aftermath of Janet Yellen's speech last Friday. The market hopes for new drivers for a further activity. The resistance occurs at the level of 1.4560 while the support stands at 1.4480. The MACD indicator is in a negative location which signifies to sell. Meanwhile, the RSI indicator is near to the oversold zone.
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Post by luisforexmart on Jun 2, 2016 5:54:49 GMT -5
Technical Analysis for AUD/USD: June 2, 2016
AUD/USD returned to bearish territory after the pair shot up on Tuesday’s session thanks to better than expected GDP for the first quarter of the year. It was just several pips short of breaching 73 cents yesterday, but is now trading at 0.7234.
Australia’s economy grew by 3.1 percent year-on-year, largely eclipsing a forecasted 2.8 percent growth. The same period last year experienced a 2.9 percent climb. In quarterly measures, GDP rose by 1.1 percent versus a 0.8 percent projected growth and 0.7 percent in 2015’s fourth quarter.
We are waiting for trade balance and retail sales due today to lift the Aussie dollar against the USD.
The US matched Australian data with mixed figures, but a probable rate hike later this month is keeping the USD afloat against most major currencies.
Personal spending in April increased 1.0 percent from March’s 0.1 percent growth. This beats the expected 0.7 percent rise. Core PCE Price Index for April remained at 1.6 percent in annualized term, aligned with analysts’ expectations. Consumer confidence in May was down to 92.6 points from previous reading’s 94.7 points. It was expected to read 1.0 to read 96 percent.
The first support is at 0.7065 and 0.6827 subsequently. The first resistance is at 0.7243 and 0.7331 subsequently. The MACD indicator is in positive location. We are not expecting the pair to reach 0.73 levels in the near term.
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Post by luisforexmart on Jun 3, 2016 5:53:39 GMT -5
Technical Analysis for EUR/USD: June 3, 2016 The Euro breached the first support at 1.1174 after ECB President Mario Draghi’s press conference yesterday was easily removed from the spotlight and replaced by incoming US labor data. EUR/USD is currently trading at 1.1156. NFP to be released later today is expected to provide downward pressure to the pair, along with a hawkish Yellen. The ECB left interest rates at 0 percent. Draghi said that rates will remain low for a long time, but is positive that the Central Bank’s policies will pay off. Eyes are now on nonfarm payrolls and unemployment rate on the US side, which are projected to be bullish. We are already seeing a firm US dollar, but the EU are still releasing rosy data at the time of writing. The first support is at 1.1098 and 1.1025 subsequently. The first resistance is at 1.1220 and 1.1296 subsequently. The MACD indicator is in a neutral position. The price is rising
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Post by luisforexmart on Jun 14, 2016 2:50:30 GMT -5
Technical Analysis for AUD/USD: June 14, 2016 Australian markets are waking up after a public holiday yesterday for the Queen’s birthday celebration while the domestic currency is sliding down against the USD. Data from China pushed AUD/USD to 0.73 cents after topping at 0.7414 on Monday session. China is Australia’s largest trade partner. The Asian nation’s retail sales and industrial production rose in May but were 0.1 percent short of forecasts. Fixed asset investments also slowed down from April. The Aussie dollar was able to reach 0.7400 earlier today but immediately went down several pips, unable to sustain a test above the said level. It hit 0.7375, almost flooring down to our immediate support of 0.7374. On the domestic data front, the National Australia Bank Business Confidence revealed today printed 3 points, still above the dre The greenback is posting limited gains with economists divided on forecasting Fed’s interest rate decision which will be announced on Wednesday along with a statement from Chairwoman Janet Yellen. The immediate support stands at 0.7374 and 0.7292 subsequently, while immediate resistance is at 0.7414 and 0.7530 subsequently. The MACD indicator is in positive position. The price is rising.
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Post by luisforexmart on Jun 14, 2016 3:34:36 GMT -5
Technical Analysis for GBP/USD: June 14, 2016 Economic data coming this week are overshadowed by a gaining Brexit campaign. Research firm ICM’s latest survey showed the Team ‘Leave’ six points ahead, shaking the strength of the GBP which has been experiencing volatility in recent months. GBP/USD took a tumble in early session but has been playing teeter totter with each other. USD is on a volatile ride as well with the upcoming FOMC meeting on Wednesday. Thursday will see the Bank of England announce its interest rate decision that may help push the sterling to bullish territory. The pair is trading at a wide range between 1.3839 and 1.5931 on the daily charts. Traders are closely watching public opinion on the Brexit. Little impact is expected from the CPI and PPI today as well as from the unemployment rate on Wednesday. The first support is at 1.3839 and 1.3724. The first resistance is at 1.4232 and 1.4300. The MACD indicator is in negative position. The spot exchange is 1.4130 and continues to slide.
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Post by luisforexmart on Jun 15, 2016 5:03:09 GMT -5
Fundamental Analysis for GBP/USD: June 15, 2016 A latest survey showing that Vote Leave is points ahead dragged the British pound to 1.41 cents against a stronger US dollar. As the EU referendum approaches, the sterling is swaying nonstop due to voters’ sentiment and the release of poll results after another. TNS revealed yesterday that 47 percent of respondents wanted the UK to leave the EU, while only 40 percent wanted to remain a member of the bloc. GBP/USD fell to two-month lows. UK inflation in May was also on the red, printing only a 0.3 percent rise, similar to the same period last year. Analysts were expecting a 0.4 percent growth. In m/m terms, CPI also disappointed as it climbed by 0.2 percent, missing the forecasted 0.3 percent. Transport costs rose by 0.9 percent in Mayi from the previous month but was offset by declines in food and clothing. As we predicted, CPI didn’t have significant effect on the sterling especially because a Brexit poll was released in the same day. The Bank of England’s decision on its interest rate is next on the GBP’s economic headline. The USD performed slightly stronger than its counterparts with the release of positive retail sales which hit 0.5 percent m/m against a 0.3 percent forecast. Core retail sales was in line with expectations at 0.4 percent. Both exports and imports at 1.1 percent and 1.4 percent respectively eclipsed their forecasted rates. Atlanta Fed upgraded its GDP forecast for Q2 to 2.8 percent from an initial estimate of 2.5 percent. Strong retail sales was also viewed as a signal that consumer expenditure will most likely print robust numbers. We are looking at an immediate support of 1.4089 and 1.4040 subsequently, while resistance is at 1.4265 and 1.4350. The MACD indicator is in negative location. The spot exchange is at 1.4142 and rising.
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