Andrea ForexMart Posted August 1, 2016 Author Share Posted August 1, 2016 AUD/USD Technical Analysis: August 1, 2016 The AUD/USD pair went significantly higher last Friday after the disappointment caused by the stimulus measurements of the Bank of Japan and the weak US GDP report. This increase was further augmented by the inflation data of the Australian market and the neutrality of the Federal Reserve monetary policy statement. This coming Tuesday, investors are anticipating the rate statement of the Australian Reserve Bank, where a lot of investors believe that the central bank will decrease its benchmark interest rate 25-basis points from 1.75% to possibly up to 1.50%. The main trend went down after the Federal Reserve’s statement caused a volatile reaction. However, should there be a trade at .7675, the main trend may change according to the daily swing chart. Friday’s close indicated a strong buying, after the testing of the retracement zone of .7490 to .7571 which has been tested all throughout the month of July, with its major range at .7834 to .7145. The retracement zone is now in control of the market’s long-term direction. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 1, 2016 Author Share Posted August 1, 2016 EUR/USD Technical Analysis: August 1, 2016 The price of EUR progressed towards the US Dollar subsequently when the GDP data of Eurozone eventuate. The statement of Fed with regard to inflation hawk resulted a possible rate hike for the U.S. dollar. The EUR/USD pair transcend an upward trend on Friday. The financial instrument directed its highest possible rating approximately in the 1.1200 level. The resistance is set at 1.1200 level whereas the support lies in the 1.1130 level. The ball bounces in a bull position as attested by the market indicators, the MACD moves within the positive zone which marked an increase in the histogram and registered the strength of the buyers. While the RSI entered the overbought territory. The 4-hour chart identified the prices of the currency pair that stalled beyond the 200-EMA approaching to a higher probability of the 1.1200 region. The expected target will be in the levels of 1.1130 and 1.1200 due to the viable price return in the forex market. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 3, 2016 Author Share Posted August 3, 2016 USD/JPY Technical analysis: August 3 2016 The Japanese Yen viewed to increased at its 3-week high after the Prime Minister of Japan officially announced about the stimulus package to reinforce the Japan's economy. The price movements of the pair in the intraday chart seems bearish since USD/JPY go through a downward pressure for the past week. The pair continued to mark down at 100.64 level. The current resistance comes in 101.40 while the level of support can be seen at 100.40 The momentum indicators, RSI and MACD is observed to create sell signals for traders. RSI moved into the oversold condition, at the same time the MACD indicated strength in the seller's position due to its downward movement. Presented in the 4-hour chart is the price movement of the instrument that are approximately in the downward trendline that tapped out the 50,100 and 200 Day EMAs. Trader's next potential target exists at 100.40 and speculated a short-term bullish call close to 101.40. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 4, 2016 Author Share Posted August 4, 2016 EUR/USD Technical Analysis: August 4, 2016 The EUR/USD is trading at a lower value inside yesterday’s range and during the mid-session, which hints at an impending volatility and an indecision among investors. The most recent data on private sector jobs from ADP, which is slated to come out at 12:15 GMT, is being anticipated by investors since the said report will show that there have been 170,000 jobs added by the US economy last July. The said pair might have a stronger value if the ADP data released will be below the expected estimate. However, if the data comes out higher than expected, then this will drive the EUR lower and increase the value of the US dollar. According to the daily swing chart, the general trend is a downward surge, and even though the EUR/USD pair has increased its trading value since July 25, this has not affected the current trend. The pair is also still trading within the post-Brexit range in spite of its high-pointing momentum levels. With the pair’s current pricing at 1.1197, the closest resistance point will be the Fibonacci level at 1.1229. A possible trigger for acceleration to the upside might happen if there will be an overtake of the weekly high at 1.1233 and the upward angle at 1.1286. This might also mean another point for a deeper rally at an angle of 1.1356. The EUR/USD will be in a bearish position if there will be a crossover to the weaker side of the angle, which is at 1.1146. This also means that there will be possible targets coming in a support cluster at 1.1092 to 1.1091. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 4, 2016 Author Share Posted August 4, 2016 NZD/USD Technical analysis: August 4 2016 As stated in economic news reports, work compensation in New Zealand speculated for 1.8% but labor price index releases 1.6% compared to their assumption. The trades for kiwi remained under a negative situation and settled in bearish position yesterday. NZD/USD pair dropped to its lowest price at 0.7140. The resistance is deployed at 0.7250 with the support that appeared in the 0.7150 level. The MACD is plotted in the positive signal. The histogram narrowed down and reduced the strength of the buyer. RSI has been in the neutral territory. The oscillator gradually declined Moving average cross-over is presented in the 4-hour chart which indicated the EMAs 50,100 and 200 in an upward direction. Analysts estimates that the market would shift to a bearish tone thus the seller's target comes in at 0.7050. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 5, 2016 Author Share Posted August 5, 2016 EUR/USD Technical Analysis: August 5, 2016 Recently, the euro dropped on the second day of the line. The base currency indicated a sluggish position despite of the progressed made by the USD. The investors shifted their focus towards the US non-farm payrolls data that will be issued today, since the Eurozone Economic Bulletin did not submit any relevant reports. EUR/USD still spotted on the negative territory while the dollar is shown to trade in mixed trend yesterday and edged over euro. The resistance is placed at the 1.1200 level, the support is set at 1.1130. The momentum indicator, MACD appears a divergence and indicated a sell signal while the RSI is approaching a downward position since it departed outside the overvalued area. According to the indicator chart, the financial instrument returned to the 50-EMA and crossover the 100 and 200-EMA resulting to a neutral position. If a price break occurred and the support level is less than 1.1130, therefore a downturn will yield out from 1.1050 to 1.1000. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 9, 2016 Author Share Posted August 9, 2016 GBP/USD Technical Analysis : August 9, 2016 After the cut rate handed by the BoE so as to avert the unfavorable impact brought by Brexit, the sterling pound remained closed at Friday. The GBP/USD continued to perform a short-term bearish pattern. The price of the pair is placed between 1.3000 and 1.3100 levels. Following the support stands at 1.2900 while the resistance is established at 1.2900. The momentum indicators, MACD and RSI disposed a sell signal which changed the indicators slightly on Friday. The trading instrument continuously move below the 50,100 and 200 EMAs as presented in the 4-hour chart. The GBP/USD is expected to mark a downward trend towards 1.2900 since the pair's outlook would gain a temporary growth close to 1.3175 at which the 50 and 100 EMAs exists. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 10, 2016 Author Share Posted August 10, 2016 AUD/USD Technical Analysis: August 10, 2016 The National Australia Bank indicated a downward direction in Business Conditions. Aside from it, the financial markets sustained under pressured condition just as when oil prices had a markdown. AUD/USD established a positive result on Tuesday since the movement of the financial instrument progressed upward near its upper limit. The resistance stands at 0.7700, the support can be seen at 0.7600. As expected, the MACD is situated in the positive zone. MACD histogram ascended and determined the strength in the buyers. The RSI arrived in the overbought condition. The price of the pair oscillates in the 1-hour chart with 50-EMA. Its 50,100 and 200 day EMAs remained to upsurge, therefore all EMAS are in a higher position. AUD/USD is expected to have a short-term recovery close to 50-EMA or 0.7600 level whereby the pair is overbought and the currency price is going to have a growth and increase in the investment price. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 11, 2016 Author Share Posted August 11, 2016 USD/JPY Technical Analysis: August 11 2016 Current updates about the increased in the funds rates of U.S Fed for this year seems uncertain for the market since the pair USD/JPY gained a lower position and its trading position swing lowers and reached a downtrend risk with 101.00 level of support. The resistance level of the pair is positioned at 101.40, the support can be seen at 100.40 The momentum indicator MACD turn over the negative zone whereby identifies the seller's strength, RSI has been settled in the oversold position. Presented in the 4-hour chart, the USD/JPY is inclined to the 50-EMA but move away again from it though the 50-EMA sustained an overwhelming level of resistance placed in the region of 102.00. The pair intersects in the 50, 100 and 200 moving averages directed towards the lower level of the selected time frame. Since the pair is highly pressured, the recent price of the pair is expected to expand in the 102.00 economic region where the 50-EMA is spotted. The pair's price may also move back and forth at the level of 100.40. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 12, 2016 Author Share Posted August 12, 2016 USD/JPY Technical Analysis: August 12, 2016 The USD/JPY pair weakened further following the release of the Jobless Claims Report, with traders clamoring for a response from the Bank of Japan. Should the weak state of the pair continue, then the BoJ will have to release a statement sooner or later. Thursday’s session showed a remarkably low volatility in the market which only became active after the release of the US Jobless Claims Report. A positive US labor data strengthened the USD, causing traders to push prices upward. The instrument rallied at 101.40 and broke the level, with the resistance coming in at 102.50 and support levels at 101.40. The MACD is currently at the center level, and a histogram entry at the positive side will mean an increase in buyers’ strength. On the other hand, sellers will regain its control of the market should the MACD go over the negative side. The RSI indicator is projected to increase after going over the oversold area. The 50 and 100 EMAs were broken by prices in the 1-hour chart, after which the EMA pairs further increased its strength. The 200-EMA now acts as a barrier for the USD/JPY pair, with the moving averages going down within the said time frame. The USD/JPY will possibly move to test the next bullish target at 102.00, along the area of the 200-day moving average. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 12, 2016 Author Share Posted August 12, 2016 NZD/USD Technical Analysis: August 12 2016 Subsequent to the decision of the RBNZ to implement an interest cut rate of 0.25%, the New Zealand's currency increased on its one-month high. Upon arriving at its highest level, the NZD/USD have regressed towards a downward state. The mark price directed from 0.7335 to 0.7225. The resistance stands at 0.7250, the support can be seen at the level of 0.7150. As shown in the histogram, MACD sloped move towards a lower point and the pair signalled a seller's strength. Furthermore, the fluctuated in the overbought position. The price of the pair is heading to 50-EMA as indicated in the 1 hour chart . The 50, 100 and 200 EMAs ascended to the top. Analysts viewed the pair to be bearish and remained to be under-pressure. Trader's stop is situated at the 0.7150 region. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 17, 2016 Author Share Posted August 17, 2016 Technical Analysis for AUD/USD: August 17, 2016 The AUD/USD pair closed down Tuesday’s session on a slightly higher level, after the trading range widened following traders’ reactions to several financial events. The AUD was previously subject to pressure after a statement from RBA can possibly mean that the Reserve Bank of Australia might be considering another interest rate cut. However, the USD went down following dovish comments from Fed, increasing the overall value of the Aussie. Investors are now awaiting the release of the Wage Price Index, and economists are expecting the quarterly report to be at 0.5%. However, union members are expecting a weaker range for the Wage Price Index, which can lead to volatility after its release. The Fed will also be releasing its July meeting minutes and traders will be anticipating the next scheduled rate cut. The daily swing chart is showing a generally upward trend, although momentum has a possibility of going downward. Based on the pair’s current pricing at .7690, the AUD/USD pair’s direction will likely be determined by the reaction of traders to the .7695 short-term pivot. An increase in selling pressure is possible should there be a downward bias on a sustained move under .7635, while an upward bias will develop if there is a sustained move over .7755. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 18, 2016 Author Share Posted August 18, 2016 USD/JPY Technical Analysis: August 18 2016 During the Asian trades session, the pair had restored its position to JPY 100.77 and stops at the 101.14 area which sets off the USD/JPY pair to lead with a rate of 100.74. Furthermore, the rate of the USD increased with the aid of the NY Fed President Dudley whilst the yen became weak due to its prime minister who allowed the intervention of the financial regulators whenever the levels of the rate remained indecorous. The pair is anticipated to trade over the level of 100.77 and the range of the limit is JPY 99.90-JPY 101.67 and descends perfectly. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 19, 2016 Author Share Posted August 19, 2016 EUR/USD Technical Analysis: August 19, 2016 As presented over the 4-hour chart, the euro and dollar reached an indecision level since the US Dollar further weakened. The time frame of the currency pair maintained a higher point of movement thus heading on an accelerated trend lines. The increase of EURUSD is pulled by the resistance level of euro whereby set at 1.1320, the support comes between the Eur 1.1207-Eur 1.1230. The pair is predicted for probable decrease in distinction to EUR 1.1320. The procurement of a long investment position is suited on settling against the said level. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 22, 2016 Author Share Posted August 22, 2016 AUD/USD Technical Analysis: August 22, 2016 The AUD/USD is trading flat while the Aussie dollar bounced off the 3-month trend line support. The USD appeared to be bearish with an evening star candlestick pattern against the AUD which ventured a downside risk. Price during the month of May tested the rising peak of the support while limiting the downside risk. The support is seen at 0.75787 which measured the July 27 result of 0.7421 low. Preferably, a change occurred over the prevailing trend on August 11 at 0.7756 high and makes it easier to oppose the August 11 result at 0.7760 top. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 23, 2016 Author Share Posted August 23, 2016 USD/JPY Technical Analysis: August 23 2016 As the USD/JPY strengthened, the US dollar corresponded in the same manner. Furthermore, the vice chair of FED announced yesterday about the return on investment prior to the end of the year. The pair executed an open close movement which generated a gap during the outset of the day trading with a resistance formed at 100.77 level. The pair signaled a slight interruption to an upward momentum though the gap did not moved back on its basic level which indicated a sharp bullish signal. The pair responded a pullback of 100.32 upon the European session. USD/JPY is anticipated to trade within the range of 99.90-107.78. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 25, 2016 Author Share Posted August 25, 2016 EUR/USD Technical Analysis: August 25 2016 The currency pair EUR/USD remained squeezed early yesterday and decreased during the closing of the trading session at 1.1275 or -0.27% whereas investors are focused more about the symposium participants held in the place of Jackson Hole, Wyoming along with the upcoming speech from the Chair of the Fed, Janet Yellen with regards on the possibility of a hawkish movements for the percentage rates on USD. As the New York Fed chair, William Dudley declared that there is probably a rate hike in September, the euro is said to be affected upon the 25-basis point rate or 18%. Presuming the approval of Yellen for the increase in September would indicate a bearish pattern for the EUR/USD. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted August 31, 2016 Author Share Posted August 31, 2016 GBP/USD Technical Analysis: August 31, 2016 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. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 1, 2016 Author Share Posted September 1, 2016 EUR/USD Technical Analysis: September 1, 2016 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. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 5, 2016 Author Share Posted September 5, 2016 EUR/USD Technical Analysis: September 5, 2016 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%. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 5, 2016 Author Share Posted September 5, 2016 USD/JPY Technical Analysis: September 5 2016 The Japanese yen demonstrated a weak movement despite of the positive labor statistics of US. The pair demonstrated a steep decline at the level of 103.50 and take a fresh daily lows thereafter the report of the US Non Farm Payrolls. The daily low of the USDJPY lured financiers to purchase interest which made the rate acquired price growth. Resistance level is seen at 104.50, support is at 103.50. The moving averages of the price presented a bullish tone according to the 4 hour chart while further stimulated on Friday. MACD approached on the positive zone. RSI is situated in the overbought area. Indicators revealed signal for the buyers. It is recommended for the sellers if they are able to drive the price below 103.50 so they may earn a double. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 6, 2016 Author Share Posted September 6, 2016 AUD/USD Technical Analysis: September 6, 2016 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. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 7, 2016 Author Share Posted September 7, 2016 EUR/USD Technical Analysis: September 7 2016 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. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 8, 2016 Author Share Posted September 8, 2016 USD/CAD Technical Analysis: September 8 2016 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. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted September 13, 2016 Author Share Posted September 13, 2016 GBP/USD Technical Analysis: September 13, 2016 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. As the MACD enters the negative zone, it affirmed for the seller's strength. RSI sets in the oversold condition. Quote Link to comment Share on other sites More sharing options...
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