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Post by luisforexmart on Apr 12, 2017 0:22:43 GMT -5
USD/CAD Technical Analysis: April 12, 2017
On Monday, sellers attained a stable support at the region 1.3330. The bears were unable to regain the level during the night and found the region amid morning trades.
The spot retained its neutral sentiment throughout the European session. The major surpassed the entire moving averages lower and stayed below the MAs specified in the 4-hour chart.
Resistance is found at 1.3330, support pierced through the 1.3260 region.
MACD histogram declined to indicate a sell signal. The RSI indicator resumed its consolidation close to the oversold territory.
A sharp breakout over the 1.330 area could probably trigger a move near 1.3400.
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Post by luisforexmart on Apr 12, 2017 2:00:56 GMT -5
EUR/USD Fundamental Analysis: April 12, 2017
The Euro paired against the U.S. dollar climbed higher during Tuesday’s session as it rebounded in the support level near the 1.0580 and broke towards the 1.0600 mark. It is favorable to go long as it extended towards the 1.0630 mark. It seems that the decline in prices has reached its end and is now anticipated to rise leaving the market wondering how high can it go. However, there is not enough momentum to bring the price up since the greenback has recently recovered that brought the pair back to the 1.06 mark.
There has been a lot of happenings involving geopolitical events in the past 24 hours that shook the market causing high volatility in the trend. The tension with North Korea and the situation in Syria where U.S. is trying to take control have been increasing concern day-by-day. Moreover, Trump is trying to regain its pride and stand in the global economy.
It seems that Trump is losing its foothold as this puts pressure in the dollar but in effect brought the price up for the EUR/USD pair instead. With all his promises such as higher infrastructure spending, lower corporate taxes, improved health care programs, these were not yet achieved and the market is becoming impatient.
For major news today, traders should look out for the U.S. Crude oil inventory data to be released today but would not have much of an effect on the EUR/USD pair. It is foreseen that the pair will most likely react but in a small range due to rising geopolitical problems and associated risks which could persist for some time.
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Post by luisforexmart on Apr 12, 2017 2:01:07 GMT -5
EUR/USD Fundamental Analysis: April 12, 2017
The Euro paired against the U.S. dollar climbed higher during Tuesday’s session as it rebounded in the support level near the 1.0580 and broke towards the 1.0600 mark. It is favorable to go long as it extended towards the 1.0630 mark. It seems that the decline in prices has reached its end and is now anticipated to rise leaving the market wondering how high can it go. However, there is not enough momentum to bring the price up since the greenback has recently recovered that brought the pair back to the 1.06 mark.
There has been a lot of happenings involving geopolitical events in the past 24 hours that shook the market causing high volatility in the trend. The tension with North Korea and the situation in Syria where U.S. is trying to take control have been increasing concern day-by-day. Moreover, Trump is trying to regain its pride and stand in the global economy.
It seems that Trump is losing its foothold as this puts pressure in the dollar but in effect brought the price up for the EUR/USD pair instead. With all his promises such as higher infrastructure spending, lower corporate taxes, improved health care programs, these were not yet achieved and the market is becoming impatient.
For major news today, traders should look out for the U.S. Crude oil inventory data to be released today but would not have much of an effect on the EUR/USD pair. It is foreseen that the pair will most likely react but in a small range due to rising geopolitical problems and associated risks which could persist for some time.
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Post by luisforexmart on Apr 12, 2017 2:06:01 GMT -5
USD/JPY Technical Analysis: April 12, 2017
The USD/JPY pair was traded during the Tuesday session with a bearish tone. The pair was seen to break above the 111.00 mark as the price was seen to drop and reach the 110.40 during the morning session. The support level was also breached as it moved lower from the 115.50 level. During the whole night of European session, the price lingered within the said region. The resistance level came in at 111.00 while the support level positioned at 110.00 mark.
All the 2-hours chart of 50, 100 and 200-Moving Averages declined with the MACD indicator stayed in the middle. If the numbers entered the positive area, this is a signal that the buyers dominated the market while the RSI sustains its neutral ground.
The downtrend is anticipated to continue its fall in the next trading sessions towards the next target at 108.00 region. A break more than the resistance level would imply completion of the downtrend.
Once the U.S. dollar regained its position and climbed above the psychological levels at 111.00, this could further go up to 112.00 in the near term. However, the sellers could try to bring the price towards the 110.00 mark.
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Post by luisforexmart on Apr 12, 2017 2:06:11 GMT -5
USD/JPY Technical Analysis: April 12, 2017
The USD/JPY pair was traded during the Tuesday session with a bearish tone. The pair was seen to break above the 111.00 mark as the price was seen to drop and reach the 110.40 during the morning session. The support level was also breached as it moved lower from the 115.50 level. During the whole night of European session, the price lingered within the said region. The resistance level came in at 111.00 while the support level positioned at 110.00 mark.
All the 2-hours chart of 50, 100 and 200-Moving Averages declined with the MACD indicator stayed in the middle. If the numbers entered the positive area, this is a signal that the buyers dominated the market while the RSI sustains its neutral ground.
The downtrend is anticipated to continue its fall in the next trading sessions towards the next target at 108.00 region. A break more than the resistance level would imply completion of the downtrend.
Once the U.S. dollar regained its position and climbed above the psychological levels at 111.00, this could further go up to 112.00 in the near term. However, the sellers could try to bring the price towards the 110.00 mark.
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Post by luisforexmart on Apr 12, 2017 2:10:22 GMT -5
AUD/USD Technical Analysis: April 12, 2017
The AUD/USD pair fluctuated to and fro during the morning session with traders attracted at 0.75 level. The Australian dollar dropped from 0.7679 to as low as 0.7473 mark. The key resistance is seen at 0.7514 found in the peak of the 4-hour chart and a break beyond than the said level indicates completion of the downtrend. This downtrend could be translated as a minor consolidation with the following target at 0.7400 level.
A break higher than the said level open buying options since the gold market also broke out. There is a strong support found below which may not be advisable to sell for now.There will still be volatility in the market but there are still chances for a rebound. If the gold rallies, it is already anticipated that the Australian dollar will soon follow.
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Post by luisforexmart on Apr 12, 2017 2:11:37 GMT -5
AUD/USD Technical Analysis: April 12, 2017
The AUD/USD pair fluctuated to and fro during the morning session with traders attracted at 0.75 level. The Australian dollar dropped from 0.7679 to as low as 0.7473 mark. The key resistance is seen at 0.7514 found in the peak of the 4-hour chart and a break beyond than the said level indicates completion of the downtrend. This downtrend could be translated as a minor consolidation with the following target at 0.7400 level.
A break higher than the said level open buying options since the gold market also broke out. There is a strong support found below which may not be advisable to sell for now.There will still be volatility in the market but there are still chances for a rebound. If the gold rallies, it is already anticipated that the Australian dollar will soon follow.
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Post by luisforexmart on Apr 18, 2017 5:53:21 GMT -5
USD/CAD Technical Analysis: April 18, 2017
The U.S. dollar against the Canadian dollar sustains its uptrend towards 1.3223 level after a correction from 1.3338 level. This could further go up in the next few sessions towards the next target at 1.3440 level. The support level is seen at 1.3250 mark and a break lower than the said level could elicit another decline towards 1.3100 zone.
The MACD indicator declines with chances to form an inverted head and shoulder pattern in the charts that implies there would begin a further rise in the area above the 1.34 mark.
It is anticipated that the current rise of the pair will continue and the decline in the slow moving average. However, if it declined instead there will be a massive drop and a break towards the 1.3180 region with chances for a reversal of the trend and further decline.
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Post by luisforexmart on Apr 18, 2017 5:59:08 GMT -5
USD/CHF Technical Analysis: April 18, 2017
The U.S. dollar against the Swiss Francs did not have a lot of activity yesterday. The price trend remains the same and maintaining its neutral tone in short-term. If the market is able to hold the price at 1.0020 mark then this will signal a bullish trend moving towards the next target between 1.0115 and 1.0170 Resistance levels. On the other hand, a clear break and closing at 1.0020 level would finish the bullish trend testing within the 0.9970 zone or lower. Overall, the trend moves in a neutral direction.
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Post by luisforexmart on Apr 18, 2017 6:16:38 GMT -5
USD/CAD Fundamental Analysis: April 18, 2017
The Canadian dollar leads against the greenback during the first trading session this week. The loonie surged after the Easter holiday and high industrial output from China that exceeded expectations with a 7.6% gain. The Chinese GDP also rose more than expected with 6.9 gain amid the market condition with few significant economic indicators but with high political tension prior to the French elections on weekend.
Crude oil prices dropped where increased gains moving in an upward direction and substantiated by rhetorics from the Organization of the Petroleum Exporting Countries (OPEC) aiming for a cut in output. There will be a meeting of oil producers this weekend that would focus on the extension of the agreement except for Canadian and U.S. producers that gained from higher pricing instead of reducing its output and add more rigs.
The pair lost 0.091% in the past 24 hours trading at 1.3314 amid thin market as the Easter holiday that is still being celebrated in some areas. The greenback has weakened against other major currencies except for the Japanese yen because of failure of healthcare which will have a negative influence on tax reforms according to Treasury secretary Mnuchin
The Consumer Price Index (CPI) is scheduled to be publicized on Friday with a prediction of 0.4 percent.
Energy prices deficit of 0.394 percent during the Monday session. The West Texas is priced at $52.55 since most investors closed their long orders following a three weeks profit. The rise in crude oil was influenced by the U.S. production output balanced out but the prolongation of the manufacturing deal that steadied prices last year.
Oil prices affected by higher geopolitical risk and possible disturbance to supply in energy as the US Vice President Mike Pence apprised North Korea today regarding its testing the solution of President Trump.
Gold lost as much as 0.293 percent in the past 24 hours. The yellow metal is being traded at $1,283 with a high-risk appetite of investors as more markets participated in the trading cycle following the Easter holiday. It was traded up to $1,295 during the trading session and because of geopolitical event inducing the investors to retract with chances to break more than the $1,300 price level prior to French elections. The polls were tight and low interest in the two-round system could elicit an additional tension.
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Post by luisforexmart on Apr 18, 2017 6:24:00 GMT -5
EUR/USD Technical Analysis: April 18, 2017
During the morning trades of Europe, the euro bulls attempted to regain the driver’s seat on the back of Asian flat session. The price spiked through the 1.0650 mark, however, unable to take back the region.
Having touched the barrier, the major retreated and moved again to the opening price. Resistance reached 1.0650 area, support entered 1.0600 level.
The pair EUR/USD is having a hard time to edged higher. While the price could probably move downwards.
A break under the range 1.0600 will trigger major to weaken near 1.0550 region.
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Post by luisforexmart on Apr 18, 2017 6:31:47 GMT -5
GBP/USD Technical Analysis: April 18, 2017
The British currency remained steady on Monday as it stayed on top of the region 1.2500. Meanwhile, the spot slightly increased during the opening, however, failed to resume its gains eventually.
Having posted its daily highs at the level 1.2547, the sterling moved lower extending a weak stance amid European session.
Resistance is at 1.2600 area, support touched 1.2500 mark.
There is a possibility for a near-term bearish sentiment and the pair is expected to break lower the 1.2500 level.
After reaching the primary objective, the price would likely accelerate its decline to the 1.2400 region.
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Post by luisforexmart on Apr 18, 2017 6:41:52 GMT -5
AUD/USD Technical Analysis: April 18, 2017
Buyers were able to found a hurdle near 0.7600 area while the bulls tried many times to surpass the barriers but ended up failed.
The AUD/USD pair hovered within the mentioned region during the Asian trades. The commodity-linked pair further weakened amid European session.
Resistance touched 0.7600 range, support approached 0.7550 level.
Inability to break over the mark 0.7600 would trigger a downside movement in the near-term. The price would likely bounce off the predetermined level and highlight the 0.7550 region afterward.
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Post by luisforexmart on Apr 18, 2017 6:52:34 GMT -5
AUD/USD Technical Analysis: April 18, 2017
Buyers were able to found a hurdle near 0.7600 area while the bulls tried many times to surpass the barriers but ended up failed.
The AUD/USD pair hovered within the mentioned region during the Asian trades. The commodity-linked pair further weakened amid European session.
Resistance touched 0.7600 range, support approached 0.7550 level.
Inability to break over the mark 0.7600 would trigger a downside movement in the near-term. The price would likely bounce off the predetermined level and highlight the 0.7550 region afterward.
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Post by luisforexmart on Apr 20, 2017 6:25:57 GMT -5
GBP/USD Technical Analysis: April 20, 2017
The British pound maintained its uptrend against the U.S. dollars towards 1.2365 level. It dropped from 1.2365 level which is a form of consolidation of the uptrend. This could further go up towards the next target at 1.3000 region.
The Resistance level came in at 1.2900 while support level was seen at 1.2755 and 1.2700 area and the market is able to sustain these levels, then the uptrend will most likely continue. It reached new highs but then U.S. dollar took the lead afterward. The pair was decreasing the yesterday night extending up to 1.2800 the next morning.
A break higher than the 1.2900 would trigger a further uptrend towards 1.3000 region. However, it entered the overbought area which could be followed by a reversal towards the 1.2700 mark.
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