NewForex — The technical analysis of Forex Market

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

On Friday, the pair is traded in different directions. After the bearish approach on Thursday, the buyers take a small revenge for today. With trades opening in Europe, the price remains within the closest levels of support at 1.0577 and resistance at 1.0630. On the four-hour chart the technical structure of the market indicates the beginning of single European currency strengthening in the short term. The MACD histogram slightly appeared in a positive zone but still it doesn’t show any accurate signals to the action. The Stochastic oscillator went up, leaving an oversold zone indicating a purchase signal to euro against the greenback. As for the medium term, we observe the moving averages with the period of 20 and 55 days are slowed down, however so far it continues to decrease indicating about the remaining bearish market potential.

 

Forex News from New Forex: Technical analysis of GBP/USD

On Friday, the trades on this currency pair proceed within the closest levels of support at 1.2468 and resistance at 1.2564. The market is characterized by an easy bearish spirit of its participants during the Asian trading session and small activation of buyers from the moment of trades opening in Europe. The technical picture on the four-hour chart indicates the completion of yesterday’s bearish approach and continuation of the bulls expansion. The exponential moving average with the period of 20 still goes up and crosses EMA 55 which acts as the strong level of support. The MACD histogram shows a sale signal to the British pound against the greenback, however, the Stochastics oscillator stays in an oversold zone and created a purchase signal of sterling as the %К line is higher than the %D line.

 

Forex News from New Forex: Technical analysis of GBP/JPY

At the trades on Friday, this currency pair is traded with a decrease in quotations while the British pound progressively continues to weaken against the Japanese national currency. The price remains within the level of support at 135.98 and the level of resistance at 136.77. The four-hour chart surely was fixed below moving averages with the period of 20 and 55 days indicating about the market’s intention of the market to continue degression. The MACD histogram still remains in a negative zone falling below the alarm line that gives an opportunity for an entrance to the market with a short position. The Stochastic oscillator was also created by a similar signal as the %К line is lower than the %D line entering an oversold zone.

 

NewForex Analyst

Aaron Kaufmann

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

On thursday, during the trades opening the level of support rose to the mark 1.0710 as the level of resistance is determined about 1.0767. For today, the technical picture of this market has a good potential for intra day growth. On the four-hour chart the Stochastic oscillator goes up giving a buy signal to the single European currency against the greenback. The %К line is higher than the %D line. The MACD histogram also created a similar signal and at the same time it remains above the central line indicating about the remaining bullish potential of the market. Moving averages with the period of 20 and 55 continue to increase but today it slightly slowed down.

 

Forex News from New Forex: Technical analysis of GBP/USD

On Thursday, the trades on this currency pair proceed in different directions without any pronounced trend movement. On the four-hour chart, the technical structure of the market is characterized by buyers benefit. The MACD histogram is located in a positive zone showing a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 days grow indicating the strengthening of bullish moods in the market. The closest level of support is determined about the mark 1.2728 while the level of resistance at 1.2841. The Stochastic oscillator is in an average zone and shows a buy signal as the %К line is higher than the %D line. Thus, the situation of the market remains uncertain and the force of warring parties in the short term isn’t clear.

 

Forex News from New Forex: Technical analysis of USD/CHF

On Thursday, the Swiss national currency becomes stronger against the greenback at the trades in Europe. The price overcame the level of support at 0.9960 in case of the level of resistance at 1.0009. Bearish moods dominate in the market since the beginning of the current week. Moving averages with the period of 20 and 55 crossed slightly slowing down. The MACD histogram smoothly passed into the negative zone and today shows a sale signal to the greenback against national currency of Switzerland. The Stochastic oscillator is in the central area and gives a similar signal as the %К line is lower than the %D line.

 

NewForex Analyst

Sara Rosenstein

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

At the trades on Friday, the single European currency remains under the pressure and today bears stopped at the strong level of support at 1.0710. The closest level of resistance 1.0765. Despite the yesterday’s success of sellers, this market keeps the decent ascending potential in the medium term. Moving averages with the period of 20 and 55 days still grow without being slowed down. The price chart is located higher than both moving averages that implies intention of this market to continue the ascending movement. Speaking about intraday prospect — sellers obviously dominate. The MACD histogram fell below the alarm line showing a sale signal to single European currency. The Stochastic oscillator is in an oversold zone and shows a similar signal as the %К line is lower than the %D line.

 

Forex News from New Forex: Technical analysis of GBP/USD

On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 1.2776 and the level of resistance at 1.2840. The British national currency is under pressure for two last trading sessions. On the four-hour chart, the technical structure of the market is obviously bearish one. The MACD histogram fell below the alarm line showing a sale signal to sterling for today. The Stochastic oscillator is located in the central area and created a similar signal as the %К line fell below the %D line. In the medium term, the market keeps a bullish spirit, moving averages with the period of 20 and 55 days continue to grow without any delays.

 

Forex News from New Forex: Technical analysis of USD/CAD

By the time of the trading floors opening in Europe, this currency pair is traded with the small pressure upon the greenback, however keeps good bullish potential in the medium term as moving averages with the period of 20 and 55 days still grow though a little and slowed down. On the four-hour chart the MACD histogram fell below the alarm line for today, showing a sale signal to the greenback against the Canadian dollar. The Stochastic oscillator approached an oversold zone and also created a sale signal for as the %K line is below the %D line. The level of support is determined about the mark 1.3397 while the level of resistance level is at 1.3289.

 

Forex News from New Forex: Technical analysis of USD/CHF

On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 0.9960 and resistance at 1.089. The market is characterized by a bearish spirit of its participants in the medium term. Moving averages with the period of 20 and 55 days still decrease. In the short term the market is in the power of buyers. On the four-hour chart the MACD histogram rose above the alarm line showing a buy signal to the greenback against the Swiss national currency. The Stochastic oscillator entered an overbought zone and created a similar signal as the line %К is higher than the %D line.

 

NewForex Analyst

Sara Rosenstein

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

On Monday, the trades on this currency pair opened with with a good gap up. In France there was enough news about the first round of presidential elections to give a strong support to the single European currency. Following the results of the last trading session, the pair closed at 1.0728 and the market opened at the level 1.0872 for today. Today, the technical structure of the market is confidently a bullish one. On the four-hour chart the moving averages with the period of 20 and 55 steadily grow. The MACD histogram also grew showing a buy signal to euro. The Stochastic oscillator also grows entering an overbought zone and creating a similar signal as the %К line is higher than the %D line. The current level of support is 1.0753, the closest level of resistance is 1.0869.

 

Forex News from New Forex: Technical analysis of GBP/USD

On Monday, with the trades opening this currency pair keeps uncertainty. There is an impression that consolidation of this market delayed a little. On the four-hour chart the pair keeps the bullish potential in the medium term as the price chart remains slightly higher than the moving average with the period of 55 days which continues to grow. It is necessary to notice that EMA20 slowed down its growth and now it went up. The MACD histogram is in a positive zone indicating the remaining bullish potential of the market but it fell below the alarm line that is a sale signal for to the British pound against the greenback within the intra-day trade. The Stochastic oscillator is located in an average zone, went down and demonstrates the similar signal as the %К line is lower than the %D line.

 

Forex News from New Forex: Technical analysis of USD/JPY

On Monday, the pair opened with a small gap up (93 pips). The depreciation of the Japanese national currency most likely was caused by the continuing net volume of speculative transactions reducing with JPY according to CFTC. The technical picture of this market in a four-hour chart indicates about the bullish potential increase. The MACD histogram appeared in a positive zone and grows showing a buy signal to the greenback against the Japanese national currency. The Stochastic oscillator grows entering an overbought zone and the similar signal as the %К line is higher than the %D line. Moving averages with the period of 20 and 55 days crossed, developed up and began to grow too. The support level is determined about the mark 108.71 while the resistance level is at the market 110.50 for today.

 

Forex News from New Forex: Technical analysis of USD/CAD

On Monday, this currency pair continues the trades with a small decrease in quotations having updated the support level to the mark 1.3441 with the level of resistance at the mark 1.3548. The technical picture of the market within the intra-day trade is rather bearish one. The MACD histogram is reducing for today, having fallen below the alarm line and showing a sale signal to the greenback against the Canadian national currency. The Stochastic oscillator is located in an average zone and continues to decrease, having created a similar signal as the line %К is lower than the %D line. It should be noted that despite the pressure upon the greenback from sellers, the buyers keep the potential for further growth in the medium term so far. Moving averages with the period of 20 and 55 days continue to grow without the hint on delay for today.