Anna Mon Posted January 17, 2017 Author Share Posted January 17, 2017 Forex News from New Forex: Technical analysis of EUR/USD The trades on Monday proceed with small decline in the rate during the Asian trading session and the price remains within the current levels of support at 1.0601 and resistance at 1.0647. General medium-term and long-term tendencies keep a bullish spirit since December 12 of last year that is confirmed by moving averages with the period of 20 and 55 which surely grow. For today depreciation of single European currency is expected in the short term. The MACD histogram though is in a positive zone that confirms the serious ascending potential of this market but began to reduce and left below the alarm line creating a signal for sale. The Stochastic oscillator decreases and creates a similar signal while the %К line is lower the %D line. Forex News from New Forex: Technical analysis of GBP/USD The sterling has updated its historical minima against the greenback again. For today while opening the trades in Asia the fall constituted 101 point and the price continues to fall. At hour time frame the chart fell much below than moving averages with the period of 20 and 55. The MACD histogram is in a negative zone having fallen below the alarm line that is a management for an entrance to the market with short positions. The Stochastic oscillator decreases and enters an oversold zone having created a similar signal for sale while the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/JPY During the trades in Asia the Japanese national currency continued to strengthen against the greenback returning quotations to the level of the first days of last year’s December and now it is traded within the closest levels of support at 114.01 and resistance at 115.61. On the four-hour chart the technical analysis mainly bearish one which is confirmed by the MACD histogram which is in a negative zone and reached today the level below the alarm line that is a signal for dollar sale. The Stochastic oscillator decreases in an oversold zone and gives a similar signal. Forex News from New Forex: Technical analysis of USD/CHF On Monday, at opening of the trades in Europe, in the short term, the pair is traded with a small advance in price remaining within the closest levels of support at 1.0075 and resistance at 1.0167. The long-term trend remains bearish. On the four-hour chart the MACD histogram remains in a negative zone that indicates the remaining bearish potential of the market, but appeared to the area above the alarm line. The Stochastic oscillator also gives a signal on purchase of dollar against Swiss franc as the %К line is higher than the %D line. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 17, 2017 Author Share Posted January 17, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the pair returned to growth after correction which was lower than 1.0600. Nevertheless by the opening of the trades in Europe the price remains within the strong level of support at 1.0586 and the current level of resistance at 1.0672. The market has a serious ascending potential and today its participants are in expectation of macroeconomic data from the German institute ZEW. On the four-hour chart the technical picture shows the expressed, bullish potential. The MACD histogram appeared in a positive zone and rises over the alarm line. The Stochastic oscillator is in an overbought zone and creates a signal on purchase. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday this currency pair is traded with recovery after a yesterday’s gap down waiting for a speech of the British prime minister Theresa May who is to unveil the plan for a country exit from structure of the EU. Most of the markets participants expect tough rhetoric from the head of the government. It is expected that the prime minister will confirm readiness to offer access to the single market of eurozone that will cause a new wave of sales of the British national currency even in case of a release of the positive data of macroeconomic statistics confirming a steady position of economy in relation to «Brexit». The technical analysis on the four-hour chart is full of optimism. The MACD histogram and Stochastic create a signal on sterling purchase. Forex News from New Forex: Technical analysis of USD/JPY On Tuesday the trades on this currency pair proceed with clear advantage of bears. As for November, macroeconomic data on industrial production of Japan gave good support in annual and monthly terms to yen that is more than on 100 pips strengthened its line items against the greenback. In the short term the technical analysis of this market promises further reduction in price. The MACD histogram remains in a negative zone and below the alarm line that is a prerequisite for short positions. The Stochastic oscillator decreases creating a similar signal, the %К line is lower than the %D line. The current level of support at 112.25 and the level of resistance at 114.22. Forex News from New Forex: Technical analysis of USD/CHF The Swiss national currency fights back its line items at the greenback today. From the moment of trades opening in Asia the pair is switched from attempts to overcome the level of resistance at 1.0112 to testing of support at 1.0059. In the short term the potential of this market is characterized by clear advantage of bears. On the four-hour chart the MACD histogram continues to remain in a negative zone and gives a signal for sale. The Stochastic oscillator decreases approaching border of an oversold zone and similar signal as the %К line is lower the %D line. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 18, 2017 Author Share Posted January 18, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Wednesday, dynamics of this currency pair growth became a bit slower. The market has updated its monthly maximum and now the trades proceed within the current levels of support at 1.0652 and resistance at 1.0713. In the long term the ascending tendency remains the same. The potential targets for long positions is the corner of 1.08 — 1.0860. The technical picture on the four-hour chart indicates the benefit of bulls. Moving averages are steadily grow with the period of 20 and 55. The price is above moving averages and remains in the ascending channel since the beginning of month. The MACD histogram is located in a positive zone and above the alarm line which indicates the signal to purchases. The Stochastic oscillator took a lead from the current correction and now is located in an average zone creating a signal for sale which is probably to appear a false one. Forex News from New Forex: Technical analysis of GBP/USD This week there was a partial turn of the descending trend in this market and the price has updated its monthly maximum having returned to the corner of 1.24-1.2430. Good macroeconomic data and public statements of the prime minister Theresa May who provided the plan of the country’s exit from the EU with separation of the markets acted as the main theme of an event. The technical picture on the four-hour chart indicates the accumulating ascending market potential, the MACD histogram appeared in a positive zone and continues to grow advancing the alarm line. At the same time the Stochastic oscillator was deployed in an overbought zone and creates an opposite signal. NewForex Analyst David Fineberg Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 19, 2017 Author Share Posted January 19, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Thursday, the single European currency is traded approximately at the level of closing last session when after the speech of the the Federal Reserve System head Yellen the greenback became a little stronger against the principal world currencies. In her speech Yellen confirmed the regulator’s intentions step by step in order to raise an interest rate but when and how they will do it she refused to specify. Thus, yesterday the chart on this currency pair was down beyond the ascending channel which can be seen in a four-hour time frame. However, during the Asian trading session, euro gradually began to return its lost line items. For now, concerning levels of support and resistance, moving averages have the period of 20 and 55. At the same time indications of technical analysis indicators indicates bearish succession of events. The MACD histogram remains in a positive zone that indicates that the market still keeps bullish potential but the indicator in general created a signal for sale of single European currency. The Stochastic oscillator is located in an oversold zone giving a strong signal on purchase as the %К line crosses the %D line top down as they leave a zone. It is to be recalled that in case of investment decisions adoption you should consider the press conference of the head of the ECB M. Draghi will take place today. Forex News from New Forex: Technical analysis of GBP/USD On the statements of the head of the Federal Reserve System Yellen during the yesterday’s press conference of the greenback regulator became a little stronger against the British pound. It removed all quotations in the corner of 1.2255-75 where it also continues to be traded on Thursday remaining within support levels at 1.2239 and resistance at 1.2333. At the same time the general potential of this market is rather bullish as the MACD histogram is located in a positive zone and the Stichastic oscillator is in an oversold zone at the stage of strong signal forming for Sterling’s purchase, the %D line cross %К line top down. Forex News from New Forex: Technical analysis of USD/JPY On Thursday the trades on this currency pair proceed with small reduction in price. Yesterday the greenback considerably became stronger against the Japanese national currency on statements of the Federal Reserve System head Yellen about step-by-step and multi-staged increase in the main interest rate. Unfortunately, she didn’t begin to discuss the question in details for example when the increase is expected, etc. that leaves the wide field for maneuver in economy for the regulator. On the four-hour chart the rate of currency pair is clamped between moving averages with the period of 20 and 55 which act as the current levels of support and resistance. The MACD histogram appeared in a positive zone and created a signal on purchase of the greenback. The Stochastic oscillator is in an overbought zone and also creates a similar signal. Forex News from New Forex: Technical analysis of USD/CHF By the end of last trading session the Swiss franc fall in price a little in relation to the greenback support to which was given by the head of the Federal Reserve, Janet Yellen who confirmed yesterday intention of the regulator step by step to raise the main interest rate. However, this event meanwhile didn’t change the general descending tendency which developed in this market during last month. On the four-hour chart the MACD histogram still remains below the central line that indicates the remaining bearish potential however now it began to weaken a little. The Stochastic oscillator is located in an overbought zone and creates a signal for sale of dollar while the %К line crosses the %D line from top down. The current levels of support and resistance are the following moving averages with the period of 20 and 55 between which the current rate of the currency pair was clamped between NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 23, 2017 Author Share Posted January 23, 2017 Forex News from New Forex: Technical analysis of EUR/USD After Trump’s inauguration the American dollar loses its line items against the principal world currencies and first of all against single European currency. On Monday, the currency pair EUR/USD is traded with an advance in price and within the current levels of support at 1.0695 and resistance at 1.0756. The market has serious bullish potential that is confirmed by the MACD histogram which is in a positive zone and continues to grow up having risen above the alarm line that is a signal for purchase of single European currency. The Stochastic oscillator is located in an overbought zone and continues to grow having created a similar signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD After Trump’s inauguration the American dollar loses its line items against the principal world currencies. The British pound sterling wasn’t an exception too. On Monday the trades on this currency pair proceed with an advance in price and clear advantage of bulls. So far the sterling is quoted within the closest levels of support at 1.2383 and resistance at 1.2483. The market possesses a serious bullish spirit that is visible on the example of the MACD histogram which is in a positive zone and continues to grow steadily having risen above the alarm line that is a signal for an entrance to the market with long positions. The Stochastic oscillator continues to grow and entered an overbought zone having created a similar signal as the %К line is higher the %D line. Forex News from New Forex: Technical analysis of USD/JPY After Trump’s inauguration the greenback loses the line items against the principal world currencies. The Japanese national currency isn’t an exception too. On Monday, the trades proceed with an obvious bearish spirit of the market participants. So far the currency pair USD/JPY is quoted within the current levels of support at 113.24 and resistance at 114.95. It is necessary to notice that alignment of forces in this market undergoes basic changes and the initiative passes to bears that can be seen on the example of the MACD histogram which fell to a negative zone and now is below the alarm line giving a signal for sale of the greenback. The Stochastic oscillator fell to an oversold zone and creates a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF After Trump’s inauguration the American dollar loses its line items against the principal world currencies. The national currency of Switzerland became not an exception too. The trades on Monday continue within the bearish trend which was created at the end of December. During the Asian session the market already took place with level of support at 1.0000 which is also strong psychological mark. The MACD histogram indicates bears strength and intend «to press» further in order to create a signal for sale. The Stochastic oscillator is in an oversold zone and gives a similar signal as the %К line is lower than the %D line. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 24, 2017 Author Share Posted January 24, 2017 Forex News from New Forex: Technical analysis of EUR/USD Today the the market keeps a bullish spirit. The single European currency continues to strengthen against the greenback however at the trades on Tuesday growth was a little slowed down around 1.0770 and couple is traded within the closest levels of support at 1.0722 and resistance at 1.0762. The technical picture on the four-hour chart shows clear advantage of bullish moods. The chart rose above moving averages with the period of 20 and 55 and is within the ascending channel. The MACD histogram is in a positive zone that indicates good bullish potential of the market. However, the Stochastic oscillator left an overbought zone and created an accurate and strong signal for sale as the %К line crosses the %D line top down in case of an exit from an overbought zone. It follows thence we can expect correction of the price in the nearest future. Forex News from New Forex: Technical analysis of GBP/USD After noticeable rally on Monday, at Tuesday’s trades the British pound sterling is traded with a small decrease in quotations remaining within the closest levels of support at 1.2474 and resistance at 1.2531. The market considerably went above moving averages with the period 20 and 55 and now undergoes correction of the price. The MACD indicator confirms the serious bull potential of this market and shows a signal on purchase of sterling. At the same time, it is necessary to notice that the oscillator of Stochastics left a zone of a perekuplennost and shows a signal for sale — the line %К fell below the %D line. In case of adoption of investment decisions it is necessary to consider that today the Great Britain Supreme Court will announce the decision on whether the decision on the country exit from the EU could be made without any approval of Parliament. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 25, 2017 Author Share Posted January 25, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Wednesday the price returned to its support level finishing correction, thus today it is possible to consider an entrance to the market with long positions if the market won’t be able to overcome the current level of support at 1.0722. As resistance there is a level of 1.0762. In an economic calendar there are today important data on Germany which can give support to single European currency. Across the USA those aren’t expected so the currency pair has good chances for further growth. In the short term, according to data of technical indicators we can expect continuation of bearish correction though the market continues to keep the decent ascending potential. The MACD histogram is still located in a positive zone but is a little reduced. The Stochastic oscillator reached an oversold zone and creates a signal for sale. Forex News from New Forex: Technical analysis of GBP/USD The yesterday’s decision of the Great Britain Supreme Court didn’t gave a strong support to national currency but also didn’t press through the market as it was expected by supporters of bears. Thus today the sterling is traded within support levels at 1.2460 and resistance at 1.2533. The technical picture on the four-hour chart looks multidirectional. According to the MACD histogram the market still keeps bullish potential but at the same time the signal for sale is created. The Stochastic oscillator is located in an overbought zone and creates a similar signal, the %К line crosses the %D line top down and at the exit from an overbought zone. Forex News from New Forex: Technical analysis of USD/JPY On Wednesday the trades on this currency pair proceed with a small decrease in quotations if to consider the four-hour chart. During the Asian trading session of special volatility in the market it wasn’t observed and opening of the trades in Europe pair remained within the current levels of support at 112.67 and resistance at 114.21. The technical picture of this market indicates the fact warring parties which reached its parity, the MACD histogram was reduced to the central line. The price gradually leaves to the area between moving averages with the period of 20 and 55 which slow down the decrease. The Stochastic oscillator left an overbought and created a signal for sale. Forex News from New Forex: Technical analysis of USD/CHF On Wednesday this currency pair is traded with small increase in quotations in the short term. Special volatility in the market isn’t observed. Indicators of the technical analysis indicates good potential for the ascending tendency today. On the four-hour chart the MACD histogram remains in a negative zone and it means that bears still save the power and can increase in the future. However, at the same time we observe forming by the indicator of a signal for purchase. The Stochastic oscillator grows, entered an overbought zone and creates a similar signal. In the medium and long term in this market the descending trend remains. Moving averages with the period of 20 and 55 continue to decrease. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted January 27, 2017 Author Share Posted January 27, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Thursday the pair is traded in different directions within the current levels of support at 1.0725 and resistance at 1.0765. The rate is clamped between moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed on a large scale. The MACD histogram is in a positive zone. It means that the market keeps the ascending potential. The Stochastic oscillator is located in the central area and grows giving a signal for the single European currency for purchase as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Thursday after opening of the European trading session this currency pair differs in a strong overbought level at the trades. On the four-hour chart the stable ascending trend is observed in the short term. The chart is much above the moving averages with the period of 20 and 55 continuing to grow. As a result of the current rally the British pound considerably strengthened against the American dollar and returned to its month maxima. Today the market tests resistance around a mark of 1.2677 with support level at 1.2576. The MACD histogram is located in a positive zone confirming good bullish market potential and grows giving a signal on sterling purchase. The Stochastic oscillator came deeply into the an overbought zone and continues to give a signal for purchase as the %К line is higher the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Thursday, the American dollar slightly strengthened against the Japanese yen despite increase in amount of foreign investments in the Japanese shares and bonds at the trades in Asia. During the trades continuation of this market consolidation in the corner of support at 112.68 and resistance at 113.79 is observed. The technical structure of the market indicates weakening of bearish moods of its participants that is confirmed by the MACD histogram. The Stochastic oscillator is in the central area and gives a signal on purchase of the American dollar against national currency of Japan. Forex News from New Forex: Technical analysis of USD/CHF On Thursday, continuation of the descending trend is observed at the trades since the beginning of the current year. On the four-hour chart moving averages with the period of 20 and 55 days steadily decrease within the descending channel. The technical structure of this market is characterized by obvious bearish potential the MACD histogram is in a negative zone periodically creating signals for sale. The ADX trend indicator reports a small delay of the current descending tendency in the short term. The Stochastic oscillator is located in the central area and also creates a signal for sale. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 2, 2017 Author Share Posted February 2, 2017 Forex News from New Forex: Technical analysis of EUR/USD After rally of Tuesday, this currency pair is slowed down its growth a little and today it is traded within the closest levels of support at 1.0716 and resistance at 1.0794. Activity of the market participants trading for dollars can be characterized as moderate one. Let’s remind that tonight,Moscow time it is expected an announcement of the decision of FRS on an interest rate. The technical structure of this market differs in a bullish tendency. The MACD histogram is in a positive zone with a purchase signal. The Stochastics oscillator is in an overbought zone and also creates a similar signal. Moving averages with the period of 20 and 55 developed up and grow again. Forex News from New Forex: Technical analysis of GBP/USD On Wednesday the trades on this currency pair proceed with moderate activity of the market participants. The price remains within the current levels of support at 1.2523 and resistance at 1.2591. On the four-hour chart moving averages with the period of 20 and 55 were slowed down being close to crossing. The MACD histogram progresses along the axial line only slightly towering in a positive zone giving a purchase signal for sterling. The Stochastics oscillator entered an overbought zone and created not absolutely accurate sale signal of the British pound against the American dollar. Let’s remind that today it is expected the publication of the FRS decision on an interest rate and what is quite remarkable is the fact that most of analysts don’t dare to make the forecast — whether there will be an increase in a rate or monetary U.S. authorities will leave it at the current level. Thus alignment of warring parties forces remains still uncertain. Forex News from New Forex: Technical analysis of USD/JPY On Wednesday the pair is traded with an advance in price after yesterday’s bearish rally when the American dollar lost about 150 pips against the Japanese national currency. Since the beginning of the trades in Asia there is a systematic strengthening of the greenback and depreciation of yen. It is necessary to notice that according to the secretary of cabinet council of Japan Yoshihide Suga, who gave a press conference today, the monetary authorities of the country don’t try to devalue national currency at all and support its stable rate in the foreign exchange market. That was enough for a bullish impulse of this currency pair. The technical structure of this market indicates remaining potential of bears in the long term despite the purchase signals of such indicators of the technical analysis as MACD and Stochastics in the short term. Support level for today — 112.75 and resistance — 114.72. Forex News from New Forex: Technical analysis of USD/CHF At the trades on Wednesday the pair keeps bearish tendency remaining within a descending channel with support level at 0.9823 and resistance at 0.9935. Moving averages with the period of 20 and 55 continues its systematic decrease but today were slightly slowed down. On the four-hour chart the MACD indicator which is responsible for a discrepancy of moving averages indicates serious bearish potential of the market as the histogram remains in a negative zone and gives a signal for sale of the greenback against national currency of Switzerland. The Stochastic oscillator on the contrary grows being in the central area and creates an opposite signal as the %К line is higher than the %D line. Thus we can expect a rebound to resistance level before the initiative passes to bears again. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 3, 2017 Author Share Posted February 3, 2017 Forex News from New Forex: Technical analysis of EUR/USD The trades on Thursday are characterized by good bullish market potential and bulls don’t stop trying to overcome the current level of resistance at 1.0794. The level of 1.0716 acts as support. The technical structure of the market on the four-hour chart indicates the benefit of customers. The price chart rose above moving averages with the period of 20 and 55 while the MACD histogram is in a positive zone and continues to grow giving a buy signal of single European currency. The Stochastic oscillator is close to enter an overbought zone and creates a similar signal as the %К line is located above the %D line and they grow relatively. The situation will be able to get support or to break during the press conference of the ECB head M. Draghi which is planned for today at 15:15 GMT. Forex News from New Forex: Technical analysis of GBP/USD On Thursday the British pound continues to strengthen after good rally on Tuesday and Wednesday. For today, as for the movement driver it is served by good expectations (macroeconomic forecasts) of analysts for key events in the economic sphere of Great Britain. Here and the decision of the Central Bank on an interest rate both amount of purchases of assets by the Bank of England and the quarterly statement on inflation in the country. The release of data is planned at 15:00 GMT. Indicators of the technical analysis characterize this market by the considerable ascending potential. On the four-hour chart the MACD histogram was fixed in the positive corner and today grows giving a buy signal of the British pound as well as the Stochastic oscillator which is in an overbought zone and at the same time creates a similar and accurate signal for buyers as the %К line crosses the %D line top down within an overbought zone. Marks are at the level of 1.2585 and 1.2725 and act as levels of support and resistance. Forex News from New Forex: Technical analysis of USD/JPY After the publication of a monetary U.S. authorities meeting results the American dollar appeared under pressure considerably losing its line items against the principal world currencies basket. The Japanese yen didn’t become an exception. On Thursday, the trades proceed with clear advantage of bears who at the opening of the trades in Europe «pressed through» this market lower than the level of support at 112.61. And now the following acts with support level at 111.91 and resistance at 113.62. The price chart keeps below moving averages with the period of 20 and 55. The MACD histogram remains below the central line and continues to fall with an accurate signal for sale of currency pair. The Stochastic oscillator is located in an oversold zone and also creates an accurate signal for sale. Forex News from New Forex: Technical analysis of USD/CHF On Thursday this currency pair continues to be traded in a descending channel remaining within the current levels of support at 0.9831 and resistance at 0.9903. Bears strong hold an initiative in the hand and apparently aren’t going to release it. The chart of quotations was fixed in a four-hour timeframe below moving averages with the period of 20 and 55 which continue to decrease. The MACD histogram steadily progresses below the central line and gives a sale signal for the American dollar against the Swiss national currency. The Stochastic oscillator decreases approaching an oversold zone by giving a sale signal of this currency pair. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 6, 2017 Author Share Posted February 6, 2017 Forex News from New Forex: Technical analysis of EUR/USD The American dollar this week is traded in different directions against the principal world currencies and began to lose the line items a bit against single European currency. On Monday the currency pair of EUR/USD is traded with an advance in price and now it is within the ascending channel and the current levels of support are at 1.0751 while resistance is at 1.0793. The market has serious bullish potential that is confirmed by the MACD histogram on the four-hour chart which is in a positive zone but began to be decrease having fallen below the alarm line which is a sale signal of single European currency in the short term. The Stochastic oscillator is located in an overbought zone and slowed down its growth being at a stage of forming a similar and strong signals as the %К line crosses the %D line top down at the exit from an overbought zone. It is necessary to wait for the adoption of investment decisions signal. Forex News from New Forex: Technical analysis of GBP/USD On Monday the trades on this currency pair proceed with a small reduction in price after bearish rally on Friday. So far the sterling is quoted within the closest levels of support at 1.2434 and resistance at 1.2510. Wounds possesses a moderate bearish spirit that is visible on the example of the MACD histogram which is in a negative zone and continues to go down having fallen below the alarm line that is a signal for an entrance to the market with a short position. The Stochastic oscillator progresses in an average zone having created a similar signal as the %К line is lower than the %D line crossing it top down. Forex News from New Forex: Technical analysis of USD/JPY On Monday the trades proceed with an obvious bearish spirit of the market participants. So far the currency pair of USD/JPY is quoted within the current levels of support at 112.26 and resistance at 113.10. It is necessary to notice that alignment of forces in this market undergoes basic changes and the initiative passes to bears that can be seen on the example of the MACD histogram which fell to a negative zone and now it is below the alarm line giving a sale signal of the American dollar. The Stochastic oscillator is in the central corner and creates a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF The trades on Monday continue within the bearish trend created at the end of December and during the Asian session on Monday the market remained within a descending channel and within the closest levels of support at 0.9888 and resistance at 0.9954. On the four-hour chart the MACD histogram indicates potential of bears but began to weaken gradually and today the indicator creates a sale signal. The Stochastic oscillator is in an oversold zone and gives a similar signal as the %К line is lower than the %D line. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 8, 2017 Author Share Posted February 8, 2017 Forex News from New Forex: Technical analysis of EUR/USD The single European currency loses its line items and the initiative in the market comes over the American dollar. Yesterday Stochastic formed a distinct sale signal so the majority of investors followed it resulting in bearish movement throughout the duration of trading session. As a result, the pair overcame support and grew out of the ascending channel. Today the trades proceed with moderate lowering and the price remains within the current levels of support at 1.0685 and resistance at 1.0748. The technical structure in a four-hour timeframe is mainly bearish one. The MACD histogram appeared in a negative zone decreasing with a sale signal. The Stochastic oscillator is decreases and has formed a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the trades on this currency pair proceed with an obvious bearish spirit of the market participants. The British pound has already been weakening for a fourth session in a row since the moment when the Bank of England voted unanimously for keeping an interest rate at the current level. The price fell below moving averages with the period of 20 and 55, so today the trades proceed within the closest levels of support at 1.2414 and resistance at 1.2528. In the short term, the technical structure of the market hasn’t been determined yet. According to the indications of the technical analysis, bulls exhausted the potential while bears haven’t gained enough strength yet therefore the distinct signals at the moment can’t be observed. Thus we prefer to stay out of this market until the force of warring parties is revealed. Forex News from New Forex: Technical analysis of USD/JPY On Tuesday, in Asia this currency pair is traded within the developed descending trend and now the price remains within the current levels of support at 110.97 and resistance at 112.58. The market fell below moving averages with the period of 20 and 55 that assumes its further decrease. According to the indications of the technical analysis, bears continue to retain an initiative. On the four-hour chart the MACD histogram is located in a negative zone and it has created a sale signal. The Stochastic oscillator is in an oversold zone and it gives a buy signal which can be false. Thus we prefer to be out of the market until warring parties force identification. Forex News from New Forex: Technical analysis of USD/CHF On Tuesday, the trades on this currency pair proceed with a substantial increase of the price and a bullish spirit of the market participants. Since Asian trading session opening the greenback has certainly been strengthening against the Swiss national currency. On the four-hour chart we see that the price went to the corner above moving averages with the period of 20 and 55, so now the trades proceed within the current levels of support at 0.9953 and resistance at 0.9997. According to the MACD indications, bears exhausted their potential and an initiative is about to go to bulls as the histogram was reduced to a minimum and can pass into a positive zone. The Stochastic oscillator is in the central corner and it grows giving a buy signal for the greenback against the Swiss franc. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 9, 2017 Author Share Posted February 9, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Wednesday, the single European currency continues to lose its line items against the greenback. Today the EUR/USD currency pair has resumed its attempts to test support in the corner of 1.0650/60. Looking back, the last time it happened on January 30 when the price was falling to 1.0619. However, bears didn’t manage to fix below this area. The market technical structure is mainly bearish. On the four-hour chart the MACD histogram fell to a negative zone below the central line and it gives a sale signal. The Stochastic oscillator decreases and creates a similar signal as the %К line crosses the %D line top down. Moving averages with the period of 20 and 55 days decrease with crossing down. Forex News from New Forex: Technical analysis of GBP/USD Yesterday, on Wednesday the pair returned to the level which it possesed at the end of the last week trades. Today, since the beginning of an Asian session it has been trading within the nearest support at 1.2479 and resistance at 1.2527. The rate is clamped between moving averages with the period of 20 and 55 days. The rate acts as the levels of support and resistance. In the short term, the technical structure of the market is not obviously determined. The MACD histogram remains in a zone below the central line and it indicates preservation of a certain potential for bears. Still it is gradually reduced and it gives a buy signal. The Stochastic oscillator left an overbought zone and created an accurate sale signal for the British pound. In such a way, the warring parties force hasn’t been shown yet. It makes us remain out of this market for some time. Forex News from New Forex: Technical analysis of USD/JPY On Wednesday, the trades on this currency pair follow different directions but the price remains within the limits of the next levels support at 111.78 and resistance at 112.41. Meanwhile, the market remains below moving averages with the period of 20 and 55 days that implies bears initiative preservation while the MACD histogram was reduced to the central line indicating the fact that bears have almost exhausted their potential. The indicators of the technical analysis, such as Stochastic oscillator and moving average convergence/divergence oscillator «MACD» show uncertainty in the market and the fact that force of warring parties haven’t been shown yet makes us stay out of this market for today. Forex News from New Forex: Technical analysis of USD/CHF On Wednesday, the trades on this currency pair proceed with a small bullish spirit of the market participants and the price remains within the current levels of support at 0.9920 and resistance at 1.0012. It is worth to note that according to the display numbers of the technical analysis indicator «MACD», if to be specific, according to its histogram, the market gradually gains the the growth potential. In general, the histogram appeared in a positive zone and it continues to grow while the indicator created a buy signal for the greenback against Swiss franc in the short term. The Stochastic oscillator is in the central corner having created a similar signal and it continues to grow. In the long term, the moving averages with the period of 20 and 55 days have slowed down their decrease and began to increase. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 10, 2017 Author Share Posted February 10, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Thursday the pair follows different directions within the current levels of support at 1.0641 and resistance at 1.0701. The rate fell below the moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed. The MACD histogram is in a negative zone. It means that the market keeps bearish potential. The Stochastic oscillator is located in the central corner and it decreases giving a sale signal of the single European currency as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of GBP/USD At Thursday’s trades, after the European trading session opening, this currency pair keeps raising. In the short term, the ascending trend is observed in the four-hour chart. The chart rose above the moving averages with the period of 20 and 55 and it continues to grow. Today the market tests resistance in the range of 1.2575 mark with the support level at 1.2504. The MACD histogram stays along an axial line. The Stochastic oscillator is in the central corner and it gives a sale signal as the %К line is lower than the %D line. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 10, 2017 Author Share Posted February 10, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Friday the pair is traded with a small lowering, remaining within the closest levels of support at 1.0642 and resistance at 1.0695. The single European currency couldn’t keep its positions higher than the level of 1.0700 resulting in domination of bearish investors’ moods in the market so the price fell to the corner of 1.0650. The technical analysis «MACD» indicator went to a negative zone below the central line and today it continues to decrease creating a sale signal. Staying in an oversold zone, the Stochastic oscillator has also created a similar signal as the line %К is below the %D line. In such a manner we observe greenback strengthening against the main world currencies. Yesterday the good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. It should be noted that today there is an extra economic summit of the European Community countries. The news from this summit can have a significant impact on the single European currency and it lead to volatility splash in the market. Forex News from New Forex: Technical analysis of GBP/USD Yesterday, the greenback strengthened against the British pound in trading. The currency pair GBP/USD lost about 70 pips and today the pair is traded with a slight price increase in Asia while the sterling returned a bit of its line items. The technical structure of the market indicates the loss of bears potential while bulls didn’t gain it yet. In such a manner, the force of warring parties remains unclear in the short term. On the four-hour chart the MACD histogram was reduced to the central line and at the moment it doesn’t create an accurate signal. The Stochastic oscillator is in an oversold zone and gives a signal to sale of the British pound against the greenback. However, today the sterling can garner support from the quarterly publication considering national economy growth rates as on January from NISER by the end of the trading day. Forex News from New Forex: Technical analysis of USD/JPY Judging by the trades on Thursday, the greenback has considerably strengthened against the Japanese national currency. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday the trades continue with the same bullish mood of the market participants within the closest levels of support at 112.72 and resistance at 113.83. According the technical analysis indications, in the short term bulls steadily accumulate the potential for the further growth. On the four-hour chart, the MACD histogram appeared in the area above the central line and it continues to grow giving a buy signal to the greenback. The Stochastic oscillator is in an overbought zone and it creates a similar signal as the %К line is located above the %D line. It is worthy of note that the price chart went to the corner above moving averages with the period of 20 and 55 days and it confirms the growing potential of bulls. Forex News from New Forex: Technical analysis of USD/CHF Judging by the trades on Thursday, the greenback has considerably strengthened against national currency of Switzerland. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday, the trades continue with a moderate advance in price within the closest levels of support at 0.9963 and resistance at 1.0070. The technical structure of this market indicates benefit in favour of bulls in the short term. The price chart progresses above moving averages with the period of 20 and 55 days. The MACD indicator rose to the corner above the central line and continues to grow having created a buy signal of the greenback against Swiss franc. The Stochastic oscillator is in an overbought zone and also continues to grow giving a similar signal. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 14, 2017 Author Share Posted February 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD This week there is an amid mixed trading concerning the greenback against the main world currencies. The greenback began to lose its positions a little against the single European currency. On Monday, the currency pair EUR/USD is traded with an advance in price and for a while it stays within the current levels of support at 1.0646 and resistance at 1.0693. In the long term, the market keeps bearish potential and it is confirmed by the MACD histogram on the four-hour chart which stays in a negative zone. It started to reduce a little having risen above the signal line which is a buy signal for the single European currency. The Stochastic oscillator is located in the central corner and it grows, giving a similar signal as the line %К is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the trades on this currency pair proceed with a small advance in price during the Asian trading session. Meanwhile, the sterling is quoted within the closest levels of support at 1.2485 and resistance at 1.2602. According to the MACD indications on the four-hour chart, the force of warring parties remains undetected as its histogram graded up with the central line and the indicator doesn’t give a certain action signals. The Stochastic oscillator progresses in an average zone and creates a buy signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Monday, the trades proceed with an obvious bearish spirit of the market participants. Meanwhile, the currency pair USD/JPY is quoted within the current levels of support at 113.25 and resistance at 114.09. It is necessary to notice that alignment of forces in this market underwent changes and the initiative stays at bulls that can be seen in terms of the MACD histogram which rose in a positive zone. Now the histogram is below the signal line and gives a sale signal for the greenback against the Japanese yen. The Stochastic oscillator fell to the central corner creating a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF On Friday, the Swiss franc loses its positions against the greenback at the trades in Europe. The investors’ mood is characterized by moderate bullish potential, at the same time, the price remains within the current levels of support at 0.9984 and resistance at 1.0040. According to the indications of the technical analysis, for example the MACD indicator, bulls «pick up steam» on the four-hour chart as the histogram is at the growth stage and it gives a buy signal. The Stochastic oscillator is in the central corner and it decreases, having created a sale signal as the %К line is lower than the %D line. In such a manner, the situation in this market is obviously not determined. It forces us to stay out of this market for some time. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted February 14, 2017 Author Share Posted February 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades proceed with reduction in price as it has been proceeding during the previous trading days since the beginning of last week — on February 6. Among the market participants bearish moods prevail. Therefore, the single European currency loses in price. On the four-hour chart, the quotation left much below than the moving averages with the period of 20 and 55 days. Now the relative marks at 1.0583 and 1.0636 serve as the levels of support and resistance. It is to be recalled that today according to the chart the publication of macroeconomic indicators for both euro and the greenback is necessary. We expect the news on the consumer price index, GDP and Purchasing Managers’ Index of Germany, the Consumer price index and a price index of Switzerland producers, GDP of Italy, and at last GDP of all Eurozone with the Index of industrial production. We expect the similar data to give serious support to the single European currency. The technical structure of the market differs with an obvious bearish spirit. The MACD histogram stays deeply in a negative zone but it doesn’t create an accurate signal as well as the Stochastic oscillator. Thus, we prefer to stay out of this market until the warring parties force clarification. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the trades proceed with a moderate bullish spirit of the market participants and advance in price within the current levels of support at 1.2478 and resistance at 1.2585. The quotations appeared in the corner slightly higher than the moving averages with the period of 20 and 55. However, warring parties force hasn’t determined yet. On the four-hour chart the MACD histogram reduced to the central line and it progresses along its own axis without giving any accurate signals. The Stochastic oscillator is close to an overbought zone and it created a sale signal as the %К line is higher than the %D line. However, this signal can be false and premature. It should be noted that today at 12:30 Moscow time (9:30 GMT) the publication of macroeconomic data on Great Britain is planned including the line on index of the producer’s price and on the Consumer price index. So it can give a serious support to sterling, we also expect it in order to make the investment decisions. Forex News from New Forex: Technical analysis of USD/JPY Since the beginning of January, the greenback has been losing its positions against the Japan national currency and it was only last week that the greenback began to increase, having invertedly developed its trend movement. In such a manner, now on the four-hour chart we observe the moving averages with the period of 20 and 55 which increased, intercrossed and tend to be growing now. The price chart appeared in the corner above the moving averages. On Tuesday, the pair is traded within the current levels of support at 113.37 and resistance at 113.86. In the short term, the MACD histogram stays in a positive zone that indicates the collected ascending potential. Today it gives a sale signal for transactions. The Stochastic oscillator decreases and creates a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF Since the beginning of the current month, we can observe the greenback strengthening against the Swiss national currency. The market is impregnated with bullish mood of its participants and the trades on Tuesday didn’t become an exception. The price grows in a four-hour timeframe. The chart rose to the corner above the moving averages with the period of 20 and 55 days, indicating serious bullish market potential. Meanwhile the quotations remain within the current levels of support at 1.0013 and resistance at 1.0061 but it is necessary to notice that today the release of macroeconomic data on the Consumer price index is expected just like the Price index of producers and import of Switzerland. It can give a good support to franc. However, the technical structure of the market on the four-hour chart is obviously bearish one. The MACD histogram fell below the signal line and it gives a sale signal, the Stochastic oscillator has also created a similar signal as the %К line is lower than the %D line. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 13, 2017 Author Share Posted March 13, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Monday March 13, the currency pair is traded with a substantial increase of the price within the closest levels of support at 1.0545 and resistance at 1.0667. In the market remains a good bullish potential with attempts for successful testing of the current level resistance. Moving averages with the period of 20 and 55 days increased and today grows steadily. On the four-hour chart, the MACD histogram was fixed above the central line and giving a buy signal to single European currency against the greenback. The Stochastic oscillator left an overbought zone and giving a sale signal. In such a manner, for today we prefer to stay out of the market before more approved signals of technical analysis indicators. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair continues to be traded in a bearish trend developed since the beginning of a current month. The price remains within the closest levels of support at 1.2156 and resistance at 1.2236. The market has serious bearish potential as it shown on the MACD histogram which was fixed below the central line on the four-hour schedule. The Stochastic oscillator remains in an average zone and began to form a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 also continue to decrease in a descending trend framework since the current month beginning. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 14, 2017 Author Share Posted March 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades develop with the same ascending potential as during the last trading session with a small price correction during the trades in Asia so today the market remains within updated levels of support at 1.0621 and resistance at 1.0684. On the four-hour chart the MACD histogram indicates the remaining ascending potential of the market despite the created sale signal to single European currency. Moving averages continue to grow steadily while the Stochastic oscillator creates a strong signal for an entrance to the market with a long position as the line %К crosses the %D line top down at the exit from an oversold zone that can foretell good bullish movement in the nearest future. Forex News from New Forex: Technical analysis of GBP/USD The descending movement is observed since the beginning of a current month, starting to slow down. It indicates the beginning of warring parties forces redistribution. Bearish potential of the market was considerably reduced during the trading session on Monday. In such a manner, today everything will depend on investors and speculators behavior. On the four-hour chart, there are observed contradictory indications of the technical analysis indicators. The MACD histogram was reduced to the central line and now it is already appeared in a positive zone whereas the Stochastic oscillator gives a signal to sterling’s sale against the greenback. In such situation we prefer to wait, staying out of the market. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 20, 2017 Author Share Posted March 20, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Monday, the trades on this currency pair proceed with the good ascending market potential. The price remains within the support level at 1.0713 and the level of resistance at 1.0775. The chart was fixed above the moving averages with the period of 20 and 55, so in total with the MACD indicator data it confirms the buyer’s strength. The technical structure of the market indicates good bullish potential in the medium term. On the four-hour chart the MACD histogram is located above the central line but began to decrease, slightly creating a sale signal. The Stochastic oscillator progresses in an average zone and gives a buy signal to the single European currency against the greenback as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, by opening the trades in Asia, the British pound continued to strengthened against the greenback. It is necessary to notice that this currency pair is in the ascending trend since the last week beginning and today sterling has made a start from the lower bound of the ascending channel so it is quoted with the level of support at 1.2360 and the level of resistance at 1.2443. The technical structure of the market is characterized by the obvious ascending potential as the MACD histogram reports about a good buyers backlog in the medium term giving a buy signal to the British pound. The Stochastic oscillator is in an overbought zone and now it creates a sale signal as the %К line crosses the %D line top down. Forex News from New Forex: Technical analysis of AUD/USD By the beginning of the current trade week, the currency pair resumed its growth winning back a small kickback and reached its highest level of the current year February — 0.7740. Now the pair AUD/USD is on the way to its maximum of last year November — 0.7778. It is required to overcome the strong level of resistance in the corner of 0.7751. For today, the support level is determined around the mark 0.7676. It is worthy of note that on the day chart the MACD histogram appeared in the corner above the central line and gives a buy signal to Australian national currency in the medium term. The Stochastic oscillator which is located in an overbought zone also created an identical signal. Forex News from New Forex: Technical analysis of NZD/USD At the trades on Monday, the New Zealand national currency is traded in different directions and by the European trading session beginning, the quotation of «kiwi» remains within the closest levels of support at 0.6986 and resistance at 0.7062 . It is necessary to notice that the New Zealand dollar has strengthened steadily against the greenback since March 10 of the current year, showing only one «dark» candle last Friday on the day chart. For today, in the four-hour timeframe it is observed the increase in bulls potential indicated by the MACD histogram which appeared in a positive zone and continues to grow, giving a buy signal. Moving averages with the period of 20 and 55 also grow by crossing up. The Stochastic oscillator balances on the border of an overbought zone without showing an accurate signals yet. As soon as it is determined with an arrangement zone, it will be possible to make an investment decisions about the entrance to the market. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 26, 2017 Author Share Posted March 26, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by growth of the MACD histogram which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. The four-hour price chart has risen to the area above the moving averages that confirms the ascending market tendency in the short term. The Stochastic oscillator settles down in the central area, rises up and gives a buy signal to the single European currency against the greenback. The %К line is located above the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by the MACD histogram growth which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. In the short term, the four-hour price chart has risen to the corner above the moving averages that confirms the ascending market tendency. The Stochastic oscillator settles down in the central corner, rising up and giving a buy signal to the single European currency against the greenback. The %К line is located above the %D line. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 27, 2017 Author Share Posted March 27, 2017 Forex News from New Forex: Technical analysis of EUR/USD Monday is one more trading day when the single European currency continues to strengthen against the greenback. After the start of trading session in Europe, the pair trades within the closest levels of support at 1.0797 and resistance at 1.0904. This day is uneventful concerning macroeconomic statistics, thus, intra day dynamics of thу market is to be defined by its technical structure. The moving averages with the period of 20 and 55, on the four-hour chart, continue to grow. The MACD histogram fixed solidly in the positive zone and for today it grows, having risen above the signal line and giving a buy signal. The Stochastic oscillator grows too. Moreover it left an overbought zone creating the similar signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair follows different directions with a small advantage of buyers that forces the British pound to strengthen against the greenback. The current rate is located above moving averages with the period of 20 and 55 days indicating the market’s intention to continue the ascending tendency with the level of support at 1.2479 and the level of resistance at 1.2596. For today, the calendar is not full of statistics on significant macroeconomic indicators, thus the dynamics of an exchange rate is to be defined generally by the technical analysis indicators. On the four-hour chart we see that the MACD histogram is in a positive zone and grows a little without forming any accurate signals for investment actions. The Stochastic oscillator grows steadily, reaching an overbought zone and creating a signal for an entrance to the market with long position as the %К line is above the %D line. Forex News from New Forex: Technical analysis of USD/JPY Almost for two weeks in a row, the Japanese national currency strengthenes against the greenback. For today, from the very beginning of the trading session in Asia, the participants of the market haven’t managed to find any unexpected events. The currency pair USD/JPY continued to be traded in a bearish trend with support level at the mark 109.91 and the level of resistance at 111.44. On the four-hour chart, the moving averages EMA20 and EMA 55 continue to decrease since being crossed down in the middle of the current month. It means the intention of this market to remain under pressure further as it is confirmed by the fact that the price chart appeared in the area which is lower. The MACD histogram remains in a negative zone and for today it decreases creating a sale signal to the greenback against the Japanese yen. The Stochastic oscillator is located in an oversold zone creating a similar signal. In such a way, we expect the bears to keep the initiative if only the Central Bank of Japan doesn’t take any unplanned actions. Forex News from New Forex: Technical analysis of USD/CHF On Monday, the currency pair trades with clear advantage of bears remaining within the closest levels of support at 0.9782 and resistance at 0.9930. On the four-hour chart the price fell below moving averages with the period of 20 and 55 days which appear now as the intermediate levels of resistance. The technical structure of the market is characterized by the expressed descending tendency where the MACD histogram went into the negative zone and fell below the signal line, giving a sale signal to the greenback against the Swiss national currency. The Stochastic oscillator crossed the boundary of an oversold zone top down and created a similar signal as the %К line fell below the %D line. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted March 29, 2017 Author Share Posted March 29, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, during the auction the greenback has strengthened against the single European currency. Then it is observed the price’s cons price within the closest levels of support on 1.0769 and resistance 1.0815 is observed. It is possible to tell that bears have taken an intermediate revenge, after the long approach of bulls which has begun since March 3. Now in the market small calm. However, the technical structure in the short term remains in favor of bulls. On the four-hour schedule moving averages with the period 20 and 55 continue to grow that speaks about the remaining ascending market potential. The histogram of MACD remains in a positive zone, but was considerably reduced towards the axial line and gives a signal for sale of euro against «American». The Stochastic oscillator has also reached a zone of an oversold and has created a similar signal that opens an entrance to the market with a short position. However, despite accurate signals to sale, we recommend to wait for breakdown of local level 1.0800 down. Forex News from New Forex: Technical analysis of GBP/USD The British pound, which strengthens against the greenback since the beginning of last week couldn’t resist the yesterday’s double shock from bears. As a result we could observe the sterling’s fall from 1.2550 to 1.2400. This time, the reason was the macroeconomic statistics of the USA. The first stroke was from the Price index on housing for January from S&P which corresponded to the forecasts of analysts. Then, one hour later the data on the trust level of customers for March was published which incredibly exceeded all expectations (114.0) reaching the point in 125.6. In the short term, the technical structure looks obviously in favor of bears. The MACD histogram went to the negative zone and fell below the signal line indicating an opportunity to an input in the market with a short line item. The Stochastic oscillator also decreases, entering an oversold zone with a similar sale signal. The level of support is 1.2349, the level of resistance is 1.2501. One must bear in mind the fact that today, the government of Great Britain initiates the article 50 in order to begin the procedure of Brexit. Forex News from New Forex: Technical analysis of USD/СAD Since March 16 it is observed the weak growth of the greenback against the Canadian dollar. At the trades on Wednesday, the price is consolidated in the limits of support level at 1.3354 and the level of resistance at 1.3396. It is noteworthy that the yesterday’s speech of the Bank of Canada’s head, S. Poloz hasn’t exerted any impact on quotations. The technical structure of the market on the four-hour chart indicates relative equality of warring parties. The MACD histogram slightly appeared in the area above the axial line without giving any accurate signals. The Stochastic oscillator settles down in an average zone creating a buy signal to the greenback in the short term as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of AUD/USD On Wednesday, the trading session on this currency pair follows different directions. The price remains within the closest levels of support at 0.7612 and resistance at 0.7679. The course is clamped between moving averages with the period of 20 and 55 days that indicates possible further consolidation to narrow a corridor of the currency pair. The MACD indicator gives a weak buy signal to the Australian dollar, however, the histogram remains in a negative zone. The Stochastic oscillator also grows but still it didn’t create an accurate signals for an entrance to the market. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted April 4, 2017 Author Share Posted April 4, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades on this currency pair proceed within the current levels of support at 1.0652 and resistance at 1.0695. The reduction of price which began on March 28 leveled the most part of reached results for the last two weeks, so as a result the pair closed the previous month with a small growth in the amount of 150 pips. Since the beginning of the current month, this market is in relative stability being traded in quite narrow range in 40 pips. The technical structure in the four-hour range indicates the collected bearish potential which till the present moment maintains an impact of warring party. The MACD histogram is located in a negative zone and today it rose a little above the alarm line, however, a buy signal is quite indistinct. The Stochastic oscillator also indicates the single European currency remaining under pressure and gives a weak sale signal. Thus, at the moment the force of warring parties isn't shown yet that forces us to refrain from the adoption of investment decisions before the emergence of accurate signals. Forex News from New Forex: Technical analysis of USD/JPY For the third day in a row, the pair is under pressure and on Tuesday it continues to decrease, remaining within the local levels of support at 110.25 and resistance at 111.26. In the four-hour range, it appears that the price chart fell below moving averages with the period of 20 and 55. The MACD histogram appeared in a negative zone that indicates the increasing bearish potential of the market. It fell below the alarm line thereby creating a sale signal to the greenback against the Japanese national currency. The Stochastic oscillator is in an oversold zone but meanwhile, it doesn't create any accurate signals for the market's entrance. Thus, we expect that the pair will remain under pressure so we recommend to wait for the local support breakdown in order to enter the market with a short position. The entrance to the market with a long position should be considered only after market's overcoming the current level of resistance. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the British pound remains under the bearish pressure and in the middle of the European trades the price is in the limits of support at 1.2436 and resistance at 1.2490. The four-hour chart fell below the moving averages with the period of 20 and 55 indicating the intention of the market to continue the descending movement, however the MACD histogram remains at the level of an axial line, showing a weak sale signal. On the contrary, the Stochastic oscillator made a start from the border of an oversold zone as it went up and created a buy signal to sterling as the %К line is higher than the %D line. Thus, within the intra-day trade it is recommended to buy above the line of support on purpose to fix the profit near the level of resistance. Also it is possible to sell in case of kickback from the resistance by fixing the profit near support. For long-term staying in the market, it is recommended to wait for the breakdowns of the local levels of support and resistance or the emergence of confirmed signals from the technical analysis indicators. NewForex Analyst Sara Rosenstein Quote Link to comment Share on other sites More sharing options...
Anna Mon Posted April 6, 2017 Author Share Posted April 6, 2017 Forex News from New Forex: Technical analysis of EUR/USD For today, the trades on this currency pair proceed in different directions but in quite narrow range. The price remains within the support level at 1.0652 and the level of resistance at 1.0697. The rate is clamped between the moving averages with the period of 20 and 55 today that indicates the weakening of bearish potential of the market. The technical structure on the four-hour schedule remains bearish but bulls surely gain strength in the process of trades development. The MACD histogram remains in a negative zone but today it rose above the alarm line creating a buy signal to the single European currency against the greenback. The Stochastic oscillator grew during the Asian trading session but now it was slowed down and doesn’t give accurate signals remaining in an overbought zone. It is noteworthy that the European Central Bank throughout the day sits at Europe since the early morning and therefore it is possible to wait for some unexpected events in the market. Also in the US, there is ADP data on the level of employment in a private sector of economy for March, which should be taken into consideration in case of investment decisions adoption. Forex News from New Forex: Technical analysis of GBP/USD On Wednesday, the British pound is traded with a small advance in price remaining within the closest levels of support at 1.2435 and resistance at 1.2491. Definitely, the initiative in today’s market belonged to sellers as the exchanges in Europe didn’t open yet so it slightly shook the line items. On the four-hour chart, moving averages with the period of 20 and 55 don’t are at the same level. It indicates the forces redistribution between warring parties. The MACD histogram is located in a negative zone and gives a sale signal to sterling. The Stochastic oscillator grows and creates a buy signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of USD/СAD On Wednesday, the pair is traded with an advance in price, remaining within the current levels of support at 1.3375 and resistance at 1.3463. The four-hour chart was fixed above moving averages with the period of 20 and 55 days that implies intention of this market to continue the ascending movement. The MACD histogram remains in a positive zone, but doesn’t give any accurate signals for adoption of investment decisions. The Stochastic oscillator is located in the central area and began to grow, but also still didn’t create an accurate signal for the action. Thus, we recommend to wait for the accurate signals to appear before entering the market. NewForex Analyst Aaron Kaufmann Quote Link to comment Share on other sites More sharing options...
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