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Post by luisforexmart on Apr 25, 2016 5:23:01 GMT -5
Technical Analysis for EUR/USD: April 25, 2016
Further than what is anticipated, the Manufacturing PMI in Germany increased in the past month. It can be seen in the index that it grew by 51.9 contrary to the 50.7 in the recent month. Nevertheless, experts had expected the growth of index to 51.0.
The first support occurs at 1.1150 and at 1.1050 subsequently. The first resistance resides at 1.1260 and at 1.1350 subsequently.
A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen display a descending motion. This movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is declining.
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Post by luisforexmart on Apr 25, 2016 5:34:47 GMT -5
Technical Analysis for AUD/USD: April 25, 2016
After the Australian dollar shot up to a 10-month high last week at 0.7834, it entered a bearish weekend and is still extending losses. The exchange rate is now at 0.7716 although it posted a day high of 0.7728 earlier which was almost immediately trimmed.
The AUD has the rising commodity prices and a generally weak USD to reverse the uptrend, but we are expecting the losses to extend at least until the Q1 CPI on Tuesday. Exports and imports figures will be published on Wednesday. RBA assistant governor Guy Debelle will also deliver a speech on Thursday that may foreshadow the direction of future monetary policies.
The highlight this week is the Fed’s announcement on Wednesday about its interest rates. Consumer confidence is also due on Tuesday.
The first support is at 0.7661 and 0.7622 subsequently while the first resistance is at 0.7743 and 0.7781 subsequently.
The MACD indicator is in negative territory. The price is rising.
Australian markets are on a break today as it celebrates the Anzac day.
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Post by luisforexmart on Apr 25, 2016 6:21:01 GMT -5
Technical Analysis for NZD/USD: April 25, 2016
The NZD breached support of 0.6880 on Friday and is now moving within the range of 0.6843 and 0.6877.
Trading is relatively quiet in NZ market as the country commemorates the Anzac day together with Australia. A near-term trend reversal will materialize if the Kiwi breaks through the support at 0.6793.
Volatility is expected later this week as the Reserve Bank of New Zealand convenes to decide on the future of the country’s interest rate, although it is believed that it will retain the 2.25 percent rate.
The USD remains soft but its future depends on the Fed’s announcement on Monday.
The first resistance is at 0.6895 and 0.6930 subsequently. The MACD indicator is in negative location. The price is climbing.
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Post by luisforexmart on Apr 26, 2016 5:40:09 GMT -5
Technical Analysis for USD/JPY: April 26, 2016
On Monday, the dollar fell contrary to the yen, bidding goodbye to the three weeks of growth. The market was expecting for the Fed and BoJ meeting.
The first support occurs at 110.60 and at 109.60 subsequently. The first resistance lies at 111.40 and at 112.20 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen forms a horizontal movement. The ascending movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is correcting.
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Post by luisforexmart on Apr 26, 2016 5:48:47 GMT -5
Technical Analysis for NZD/USD: April 26, 2016
The New Zealand dollar recovered when markets opened on Tuesday while the USD index is still weak.
Ahead of the RBNZ’s announcement on monetary policies, the central bank’s shadow board put together by the New Zealand Institute of Economic Research urged that interest rate should remain at 2.25 percent, causing the bird to fly a little higher.
The pair broke through yesterday’s resistance of 0.6895, peaking at 0.6897 earlier today. The kiwi dollar is currently testing 0.69 levels and is trading at a 42-pip range.
The initial support is at 0.6848 and 0.6814 subsequently. The immediate resistance is now at 0.6921. The MACD indicator is in negative location. The spot exchange is at 0.6893 and rising. 
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Post by luisforexmart on Apr 26, 2016 6:17:57 GMT -5
Technical Analysis for EUR/USD: April 26, 2016
Buying interest are surrounding the Euro as markets remain vigilant ahead of the FOMC meeting. Lower than expected home sales from the US also added upward pressure to the Euro.
Annual home sales only reached 511,000 from last year’s 519,000, hugely missing forecasts of 520,000. The spotlights are now on Fed’s two-day policy meeting that will commence later today and the announcement from the BOJ on Thursday.
The pair rose to 1.1301 today, almost hitting the nearest resistance of 1.1305. The next resistance is at 1.1362. The first support occurs at 1.1243 and 1.1187 subsequently.
The exchange rate is now at 1.1295. The MACD is in a negative location. The price is climbing.
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Analysis: April 27, 2016
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Post by Analysis: April 27, 2016 on Apr 27, 2016 6:17:56 GMT -5
The America filled the economic calendar with its important releases yesterday. For March, the Durable Goods Orders record was issued first wherein it came out at 0.8% in opposition to the report of 1.8%. Meanwhile, the Consumer Confidence for April hitted 94.2 wherein the recent value was 94.2 and the report was 96.0. Traders were hoping to have a glimpse of sign about the state of the economy before the Fed release their decision on Wednesday. And this could also have an effect on any further activity of the dollar. Now, investors abstain from opening new positions before the meeting.
The Eurozone did not have any significant news yesterday. After a solid increase, the EUR/USD pair reduced a bit by the end of the trades.
Meanwhile, the UK has issued Mortgage Approvals index for March wherein the data came in at 45.1K in opposition to the report of 46.0K. The GBP/USD pair displayed an increase but diminished a bit by the end of the trades.
The attraction set for the safe assets provoked the buying of yen. The gossips regarding the BoJ who won't implement fresh soft measures also sustained the yen. We are thinking that the regulator will cautiously assess the impact of the running measures furthermore and will implement the new ones only in June. The USD/JPY pair consolidated.
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Technical Analysis for EUR/USD
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Post by Technical Analysis for EUR/USD on Apr 28, 2016 6:01:56 GMT -5
The US and Germany government bonds yield differential has reduced in the bond market which also served as a "bullish" factor for the euro. Since commodity prices are in the US currency, the commodity market displayed an ascending trend that normally had a negative effect on the dollar. The center of attraction were focused on the US Fed meeting.
The first support occurs at 1.1260 and at 1.1150 subsequently. The first resistance resides at 1.1350 and at 1.1450 subsequently.
A confirmed and a poor sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen creates a horizontal movement. The descending motion will remain until the price is below the Cloud.
The MACD indicator is in a positive location. The price is growing.
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Technical Analysis for GBP/USD
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Post by Technical Analysis for GBP/USD on Apr 28, 2016 6:03:50 GMT -5
Technical Analysis for GBP/USD: April 28, 2016
As it has been expected, the Gross Domestic Product of the UK heightened by 0.4%, while its economy made an increase of 0.6%. The interest for the pound were sustained a bit by the 10-year UK government bonds yield which showed a growth in the Bonds Market.
The first support stands at 1.4480 and at 1.4400 subsequently. While the first resistance occurs at 1.4560 and at 1.4650 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou span. The Tenkan-sen displays an ascending movement and the Kijun-sen creates a horizontal movement. The ascending movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is consolidating.
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Technical Analysis for AUD/USD
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Post by Technical Analysis for AUD/USD on Apr 28, 2016 6:27:33 GMT -5
The Aussie dollar recovered after a wounded Wednesday session. The pair now occupied the 0.76 level, reaching an intraday high of 0.7659 within a range of 0.7577 to 0.7659.
A weak USD due to Fed’s decision to stall rate movements lifted the AUD. The Australian dollar also experienced a boost after the RBNZ’s similar rate verdict. The current exchange rate is 0.7633.
Although gaining back its footing, the AUD still has many red than green movements, indicating a muted reaction from Fed than expected. The immediate support occurs at 0.7605 and 0.7586 subsequently. The first resistance occurs at 0.7655 and 0.7694 subsequently.
The MACD indicators is in a negative location and the price is rising.
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Fundamental April 29, 2016
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Post by Fundamental April 29, 2016 on Apr 29, 2016 5:31:21 GMT -5
On Wednesday, the dollar were constantly steadfast to other major currencies as a preparation for the last Federal Reserve System political speech. Investors put their attention to the result of the political meeting expecting for any signs about the interest rates modification in June. The Fed left the rates remained at 0.5%.
In Germany, the Consumer Confidence outstandingly improved as it came at 9.7 in opposition to the recent value of 9.4. The consumers think that the economy of Germany will get better for the next months and look forward to its modest improvement. The EUR/USD stabilized a little.
Since the market realized that the UK economy gained by 0.4%, the pound ceased in growing together with the expectations of economists, but it slowed down to 0.6% in the recent quarter. In the first quarter, the UK economy grew by 2.1% on annual basis, which is the same with the recent quarter and rather high than the anticipated 2.0%. The GBP/USD pair reduced by the end of the trades.
Meanwhile, the USD/JPY pair heightened by the end of the trades.
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Technical Analysis for NZD/USD
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Post by Technical Analysis for NZD/USD on Apr 29, 2016 5:48:52 GMT -5
Technical Analysis for NZD/USD: April 29, 2016
The kiwi is hovering 20 pips below 0.70 handle after recording losses from an intraday high of 0.6990. With rate decisions coming from a number of currencies this week, NZD is showing the second strongest performance after the Yen.
The ANZ Business Confidence released today showed that companies are expecting positive economic activity as it jumped from 3.2 in March to 6.2 in April. Thirty-five percent of the surveyed firms predict an interest rate cut in the next policy meeting.
On the US side, personal spending will be released today while a deluge of data including manufacturing PMI and nonfarm payroll will come next week.
The first support is at 0.6918 and 0.6883 subsequently. The first resistance is at 0.7037 and 0.7072 subsequently. The MACD indicator is in neutral location. The price is rising.
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Post by luisforexmart on Apr 29, 2016 5:58:06 GMT -5
Technical Analysis AUD/USD: April 29, 2016 AUD/USD rose by 11 pips after the US natural gas jumped by 73 billion from a forecasted 70 billion. Weak USD index continue to push the AUD upward. The exchange rate as of time of writing is 0.7655, close to topping the day’s high of 0.7658. Australia’s Q1 producer price index slipped by 0.2 percent when analysts were expecting a 0.2 percent gain from the previous quarter. The greenback’s side is still riding the bears after Fed’s statement on the interest rate and a 0.5 percent GDP growth. The spotlight is now on the Reserve Bank of Australia who will announce its rate decision on Tuesday, May 3. The first support is located at 0.7600 and 0.7562 subsequently. The first resistance is located at 0.7686 and 0.7752 subsequently. The MACD indicator is still in negative location. The price is increasing.  |
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Post by luisforexmart on May 3, 2016 1:08:59 GMT -5
Technical Analysis for EUR/USD: May 3, 2016
In opposition to the anticipation of most of us, the Manufacturing PMI in Germany reduced. The indicator displayed the data of 51.8 contrary with 51.9 in the recent month wherein it was seasonally revised. Meanwhile, experts hoped for the index to be at the recent level of 51.9.
The first support occurs at 1.1450 and at 1.1350 subsequently. The first resistance resides at 1.1550 and at 1.1650 subsequently.
A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen shows an ascending motion and the Kijun-sen forms a horizontal movement. This movement will remain until the price is over the Cloud.
The MACD indicator is in a positive location. The price is growing.
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Post by luisforexmart on May 3, 2016 5:00:44 GMT -5
Technical Analysis for USD/JPY: May 3, 2016
The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0.
The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently.
A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud.
The MACD indicator is in a negative location. The price is correcting.
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