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Post by luisforexmart on Oct 11, 2016 0:38:35 GMT -5
USD/CAD Technical Analysis: OCtober 10, 2016
The pair USD/CAD leaped to 150 points and closed at 1.3283 last week. The Canadian labor market advanced last August that rendered 67.2 thousand jobs. However its losses overshadowed the advantages with disappointments from the NFP results since wage growth and short of jobs in the data.
The pair started the week at 1.3130 followed by a low in 1.3067 level. It bounced to high of 1.3313 and continues to move upward with the Resistance sustained at 1.3353. It closed at 1.3283 level.
Overall, the trend remains Bullish despite growth in oil prices and strong job report. The December rate hike is still pending with USD advances in a positive outlook.
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Post by luisforexmart on Oct 11, 2016 1:18:08 GMT -5
GBP/JPY Technical Analysis: October 10, 2016
The pair GBP/JPY is being under pressure by standing on a negative trend line. There is not much activity for RSI to move on an upward direction while the 50-EMA is higher than 20-EMA . Pound continues to weaken then feel by 10% during early Asian trading which is beneficial for stock trading. The FTSE 100 gained by 0.6% to 7,044 which is 1% near to record close last year.
The resistance level is at 131.00 to 133.25 and if it sustains at 130.00 then a it could drop at 126 handle. The support level is at 126 up to 123 handle.
The price activity is below its pivot point and if this continues, the trading range remains low. Short positions target is at 126.00. This could go lower at 124.40 when a break below target happens. The pivot point is at 130 level. However, if the trend goes the other way, and bounces back, it will go higher than the pivot point. Therefore, it is suggested to go for the long position with target at 133.00 followed by 132.30 level.
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Post by luisforexmart on Oct 11, 2016 5:05:45 GMT -5
EUR/JPY Technical Analysis: October 11, 2016
The price activity for today stays at neutral state. Once a break of 116.36 would bounce to 109.20 with a target at 100% prediction of 109.20 to 118.45 starting at 112.07 to 121.32 levels. There is a possibility of topping near the 121.36 at Fibonacci level. However, if it fell below the 114.35 minor support, it will go back to its neutral state.
The medium term bottom is at 109.20 level and this could extend once rebounded but reversal is not as strong for now. However, if it rallied a strong resistance after a 38.2% retracement of 141.04 to 109.20 at 121.36 to hold in check the trend on the first try. A break of 112.07 will continue the downward direction from 149.76 from a 76.4% retracement of 94.11 to 149.76 at 107.24.
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Post by luisforexmart on Oct 11, 2016 5:06:55 GMT -5
USD/CHF Technical Analysis: October 11, 2016
The USD increase by 0.24% against CHF and closed at 0.9802 for the past 24 hours,
Swiss Unemployment rate is known to be periodic but the September data sustained at 3.3% while the market expected it to rise at 3.4% instead.
The pair USD/CHF is being traded at 0.9833 in the Asian session at GMT 0300. The USD is elevated by 0.32% against CHF more than the price closed yesterday.
The target support is at 0.9791 down to 0.9749 level. The resistance is at 0.9858 and could go higher to 0.9883 level. The pair’s trading activity has move beyond 20 Hr and 50Hr Moving Averages.
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Post by luisforexmart on Oct 12, 2016 0:59:23 GMT -5
USD/CHF Technical Analysis: October 11, 2016
The USD increase by 0.24% against CHF and closed at 0.9802 for the past 24 hours,
Swiss Unemployment rate is known to be periodic but the September data sustained at 3.3% while the market expected it to rise at 3.4% instead.
The pair USD/CHF is being traded at 0.9833 in the Asian session at GMT 0300. The USD is elevated by 0.32% against CHF more than the price closed yesterday.
The target support is at 0.9791 down to 0.9749 level. The resistance is at 0.9858 and could go higher to 0.9883 level. The pair’s trading activity has move beyond 20 Hr and 50Hr Moving Averages.
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Post by luisforexmart on Oct 12, 2016 1:00:42 GMT -5
EUR/JPY Technical Analysis: October 11, 2016
The price activity for today stays at neutral state. Once a break of 116.36 would bounce to 109.20 with a target at 100% prediction of 109.20 to 118.45 starting at 112.07 to 121.32 levels. There is a possibility of topping near the 121.36 at Fibonacci level. However, if it fell below the 114.35 minor support, it will go back to its neutral state.
The medium term bottom is at 109.20 level and this could extend once rebounded but reversal is not as strong for now. However, if it rallied a strong resistance after a 38.2% retracement of 141.04 to 109.20 at 121.36 to hold in check the trend on the first try. A break of 112.07 will continue the downward direction from 149.76 from a 76.4% retracement of 94.11 to 149.76 at 107.24.
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Post by luisforexmart on Oct 12, 2016 2:17:48 GMT -5
USD/CAD Technical Analysis: October 11, 2016 A short topping pattern was formed as the support from 1.3160 has been breached to 1.3312 with the 1.2460 level as the Consolidation pattern. It is expected for a retracement from 1.4689 then 1.2460 to 1.3311 Resistance zone. The intraday bias is going downward to 1.2999 support level. A reversal is expected once there is a break that is target near the 1.2763 support level. If the break has been prolonged at 1.3311, this will cause it to bounce to 1.2640 with the target of 1.3838 at Fibonacci level. The medium topping pattern seen at 1.4689 signals a Correction pattern. This could go lower and further decline will become a retracement for 50% at 0.9406 to 1.4689 up to 1.2048 level. This is close to 1.1919 medium term support. A strong support level would cause the trend to regain. However, if a break holds at 38.2%, there will be a retracement of 1.4689 to 1.2460 at 1.3311 make way for a reversal. The next target will be at 1.3838 with 61.8% retracement.  |
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Post by luisforexmart on Oct 12, 2016 2:35:17 GMT -5
USD/JPY Technical Analysis: October 11,2016 The Fed is planning to have a cost increase this year which cause the greenbacks to establish a much stronger condition. The pair generated a bullish trend and pose a buy mode yesterday. There is a negative notion and jumped to the 102.90 region then proceeded to a more advanced status. The USDJPY retrieve its entire losses during the EU sessions. The price channel is in the middle period showing an upward movement as manifested in the 4-hour chart. The moving averages seems bullish while the 50-EMA had drawn out its limit as shown in the same time horizons. MACD initiated an opposite direction seen in the hourly chart. The histogram firmly developed and signaled for the strength of the buyers. RSI approached the overvalued area.  |
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Post by luisforexmart on Oct 12, 2016 2:40:31 GMT -5
USD/CAD Fundamental Analysis: October 11,2016 The greenbacks and loonies unexpectedly maneuver to a different direction. The USD completely outperform other instruments including the CAD which also lose its stability. Therefore, the pair suffered from a downfall from its weekly highs and plunged in the 1.3250 and the support befall at 1.3180. Regardless of a positive report of the employment in Canada last Friday, the fall off still occurred due to the notice made by Iraq about the oil price hike and limited petroleum production. However, it is much of undisputed origin that this recession is caused by the consolidation period in line with the outset of an uptrend. According to previous forecasts, there will be an indecision phase for the pair and executed a clean break through within the 1.3280 and at 1.2800 low hence signalling another direction of the trend. The pair currently covers the region 1.3198 and the trend pause is predicted to resume further. No new major reports were made from either countries, US or Canada that’s why this trading levels remains together with the upsurge of the prices in crude oil. This event had maintained its support for a medium and long term opportunities.  |
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Post by luisforexmart on Oct 12, 2016 2:53:17 GMT -5
EUR/USD Technical Analysis: October 11, 2016 The markets of Canada, Japan and United States were consolidated. The greenbacks have improved their position right after Hillary Clinton obtained the victory on the second Presidential debate against Donald Trump because Trump’s respective image were castigated after the news broke regarding his negative treatment over a particular women as seen in the leaked video. Once again the single euro currency hit the pressured zone. After the pair reach the 1.1200 region there is a sudden turning point and promptly descended to the 1.1150 level. As of the moment, the euro and greens are currently moving in downward slope and arriving to a much lower price direction. Moving averages 50, 100 and 200 strived to keep the 1.1200 level. There is a toggling in prices since its prices were switching to an upper and lower movements as featured in the 4-hour chart. Resistance laid over in the 1.1200 level, support possessed the region 1.150. MACD histogram had tailed off which means that the seller’s strength became more effective. RSI draw near the negative positions.  |
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Post by luisforexmart on Oct 12, 2016 5:23:19 GMT -5
NZD/USD Technical Analysis: October 12, 2016 The pair geared its focus to the January - May trendline after a break at .7204 with 8/29 low. It declined to .7020 level and continues downtrend would risk its 200-EMA and low at .6951 which is close to the target head and shoulder of short term course. A strong resistance at .7204 put an end to a Bearish trend. The kiwi continue to depreciate against USD with prices go beyond the 0.71 handle. The charts showed a Bearish Candlestick pattern which is about to reverse as anticipated. The short-term support is at 0.6970 to 85 level making a triple bottom with 61.8% Fibonacci retracement. A break occurred lower than the daily close support level for a retest of 76.4% at 0.6866 level. However, when it bounce back to 0.7080 to 0.7102 level with 50% Fibonacci in a sideways trend making at the 0.7176 with 38.3% retracement. A short position of NZD/USD was elicited at 0.7273 level, The rest of trading awaits to see a weakness. The stop-loss has been altered to match at a breakeven level of 0.7273.  |
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Post by luisforexmart on Oct 12, 2016 5:39:05 GMT -5
AUD/USD Technical Analysis: October 12, 2016 The pair AUD/USD is on a risk of breakout after the support close to .7380 bounced back to its major resistance. This was higher than the October and December highs last 2015 as well as the 200 EMA. If the price stayed at .7442 to sustain the positive short-term outlook. Support with Retracement levels are at .7544 and .7575 which was reached yesterday.  |
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Post by luisforexmart on Oct 12, 2016 6:04:10 GMT -5
USD/JPY Technical Analysis: October 12, 2016 The price activity yesterday was strongly going upwards. The 50, 100 and 200 EMAs move uptrend. It continues to strives to breach the resistance level at 104.00 to 104.30. The support level holds at 103.50. The MACD is in the positive zone while the histogram declined. This implies the weakening of buyers pushing RSI oscillator to upper bounds. The supply out balances the demand that puts pressure to buyers. Hence, there is a possibility for a price reversal to 103.00 level as the market lacks motivation. If it stays at 104.00 level, it is most likely for the prices to move down. On the other hand, the dollar gets stronger because of the awaited Fed rate hike.  |
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Post by luisforexmart on Oct 12, 2016 6:10:34 GMT -5
GBP/USD Technical Analysis: October 12, 2016 Concerns regarding hard-Brexit last Tuesday made the pound to stay behind the pressured area. The tone of the market against GBP established negative sentiment yesterday. The pair also experienced a downswing for two consecutive days. The price progresses from 1.2200 to 1.2300 regions. The conjecture loss of the sterling is 0.66% upon the ongoing negotiations. The 50, 100 and 200 EMAs extended its recession period. Resistance were able to get the 1.2400 level, support entered the 1.2300 region. MACD stick around same level as of yesterday which bolsters the seller’s strength. The RSI oscillator indicator is seen in the negative area. The pair is assumed to work in the downtrend position when it reach the lower level of 1.2300.  |
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Post by luisforexmart on Oct 12, 2016 6:18:56 GMT -5
USD/CAD Technical Analysis: October 12, 2016 Undeterred by the softening of the petroleum prices, the loonies and greenbacks persist on opening over a higher position. The market sentiment revealed a positive tone since Tuesday. The USD/CAD expanded its timeframe for a short-term upward trajectory after its recovery from the steep decline that took place last Monday. The dollar plunged into the 100-EMA as its alternative support price as shown in the 4-hour chart. While the pair directed an ascending position, it made a breakthrough in the 50-EMA and took a separate route apart from the moving averages within the same chart. Moreover, the said indicators preserve a bullish trend. Resistance stand at 1.3300 region while support keep going with the 1.3200 level. MACD manifested a moment of depreciation and reduce the buyer’s strength. RSI secured a neutral position. It is speculated that the pair would reach 1.3300 level of resistance for the next day.  |
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