There works a promotion "Bonus for communication" at forum of Forexpeoples portal, with the assistance of LiteForex company. Every registered user's post at forex forum ForexPeoples costs 30 cents. Every referral's posts costs 10 cents. See more here

Page 72 of 73 FirstFirst ... 226270717273 LastLast
Results 711 to 720 of 723

Thread: Daily Market Analysis

Daily Market Analysis
  1. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    GBP/USD Technical Analysis: June 19, 2017
    The sterling pound had increased in a moderate manner amid Friday session, as it grinds through the 1.28 handle. This level apparently offers some resistance, however, the market seems was determined in trying to cut through on top of it. Ability to do so, will enable the market to move over the 1.29 region. Otherwise, a pullback must find another leg close the area 1.27 as this might provide some support during trading on Thursday.
    The Bank of England provided support to the British currency as the bank became more hawkish which favors the GBP in general. When the market break out in the upside, it would touch the 1.3050 region.
    Many long-term speculators have purchase the Great Britain pound and it is not really surprising for the returns that could drive things towards their direction.
    As the year ends, the target will be at the 1.3450 level or even higher. The trend will further ascend when the UK’s government gained clarity about the EU exit.
    New highs of the pound can easily be done when this issue will be cleared combined with higher-than-expected inflation figures. Contrarily, a breakdown under the level 1.2640 would push the market to a lower grounds, down to 1.25 handle.
    Delete.
  2. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    USD/CAD Technical Analysis: June 21, 2017
    The U.S. dollar surged against the Canadian dollar during Tuesday session. It is mainly due to the decline of the crude oil market. The Loonie is sensitive to the oil market since the currency is commonly used as a proxy in trading. It rebounded significantly in the 1.32 handle which entails volatility in the market.
    A break higher than the 1.33 region would bring this pair higher towards the 1.3450 mark. The crude oil inventory is scheduled to be released today which will certainly bring choppiness in the market and will gather enough momentum to direct in a particular direction.
    The consolidation persists which will only change when there is a significant event in the crude oil market. Hence, there is more risk in the upper channel amid the comments from the Bank of Canada.
    The Canadian market is expecting a hawkish decision from the central bank since the Fed is already in a tightening cycle. The crude oil market will also most likely drop which will be favorable for the pair, especially for long-term.
    The pair is currently training in a narrow range for short-term and it won’t be too long before a breakout happens. If observed, the pair is already in an uptrend for some time as shown in the long-term charts. This is favorable for long-term as more gains will come in the upper channel. Hence, it may not be best to sell this pair for short-term trends.
    Delete.
  3. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    EUR/GBP Technical Analysis: June 21, 2017
    The EUR/GBP pair is gaining strength as it gapped higher during the Tuesday session. It broke the 0.88 handle although the British currency dropped in general which attracted buyers to join the market. The 0.88 level is being supportive and some pullbacks will open more buying opportunities. After some time, the market would target the 0.8850 region and a breakout from this would imply a bullish tone in the market. Then, they will push the pair towards the 0.90 level. This would be a difficult target to achieve but this will most likely be the results after.
    Traders could take advantage of short-term pullbacks exhibiting support in the trend, as well as the impulsive candles formed in the upper channel. On the other hand, this could also mean weakness of the British currency. Nevertheless, the returns would still be the same.
    Signs of pullbacks could be seen in the channel that has a market value as a whole but a break exceeding the 0.90 level indicates strong bullish tone in the market. This could even push the pair at par level. It may take time before this happens but this is most likely the direction where long-term traders are headed.
    In general, the current breakout could push this pair to move higher in the long run but expect some pullbacks from that region. In any event, the market is directed upwards for long-term which traders should think of before placing a trade. However, traders should be careful when the trend hit the purple levels which are not a good sign.
    Delete.
  4. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    GBP/JPY Technical Analysis: June 21, 2017
    The British pound against the Japanese yen moved laterally during the early Tuesday session, followed by a decline reaching the 140.50 level below. This is suggestive to become a relevant psychological level. However, sellers are waiting for a technical breakdown as the market fills the gap in the past few weeks.
    The general sentiment of commodities and the stock market should be taken into consideration of the market. If this collapse, this will put a bearish tone in the trend. A breakdown lower than the 140.50 region will give a negative implication as it extends towards the 139 level. Volatility will still persist in the market and start to enter the oversold area in the short-term. Overall, the market is currently in a perilous state and requires patience from traders to gain profit in either direction.
    This pair is sensitive to risk appetite that makes it important for traders to observe the trend in the stock market and commodities. Furthermore, concerns in Brexit will generate more noise to the British currency as a whole, which will have repercussions on the market afterward that should not be neglected. If the pound appreciates, the trend will then be reversed moving to the upper channel.
    However, if the currency falls instead, this further weakens traded against the Japanese yen, being the safety currency. Overall, there will be choppiness in this market and traders could get hints on what will happen next through other financial markets.
    Delete.
  5. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    NZD/USD Technical Analysis: June 21, 2017
    It’s been a volatile session for the New Zealand currency on Tuesday amid the rally happened, touching the region 0.7270.
    The market has to keep on searching for some noise in the market while buyers apparently came back which shows that the grind to the upside will resume in the near future. The market is starting to tighten up and should anticipate for an impulsive trend. This market appears to be very difficult to deal with in the short-term, however, you could perform a different move which is to sell.
    After some time, the Kiwi reflects for an impulsive trend which could be difficult to settle funds within the marketplace which contains high risk. Upon getting an important trend, it would be much easy to identify what move should the players will follow.
    The range bound market must be maintained as the level below 0.72 offers the bottom and 0.73 above. A slice over the top area would drive the market to an upwards directions and near 0.75 which is the target in the longer-term
    A gapped underneath 0.72 handle cause the market to trailed downwards reaching 0.70 mark. Otherwise, the market will just go with the low to the extent that the risk tolerance globally is far concerned, specifically the commodity markets.
    Having said that, we should watch closely the general tone of overseas traders along with the very important announcement of New Zealand regarding interest rate statement. In case the result will be hawkish, the market has the tendency to climb upwards.
    Delete.
  6. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    AUD/USD Technical Analysis: June 22, 2017
    The Australian currency weakens amid Wednesday’s trading, touching the level below 0.7550 eyeing a significant amount of support. A rebound from that point occurred, however, met a massive amount of resistance piercing the region 0.757. Then rolled over to reach the mentioned level. The area below 0.7550 seems to be a supportive level in general, hovering around that region will enable the Aussie dollar to gain much strength.
    On the other hand, the news about possible interest hike of Fed Reserve continues causing the market to have high volatility.
    In the long-term, gold has greatly influenced the commodity currency as it resumes to search for buyers.
    A break out in the upside would test the 0.7625 mark and a cut through on top of it will aim for the next target at 0.77 range, en route 0.7750.
    It will take some time to reach the higher point of 0.0 level which is considered the main region for the longer-term charts. With that, a massive amount of volatility is expected and yet the choppiness still surrounds the market but in a positive way.
    Delete.
  7. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    GBP/USD Technical Analysis: June 22, 2017
    The GBPUSD is trading sideways throughout Wednesday’s session, however, eyes a significant support at the 1.26 region and reports said that a word from one of the BoE members thought that the rates of interest will increase exceeding the projected figures.
    With this, it is preferred for the market to keep on moving near the upside, but when a breakdown occurred beneath the 1.26 handle, the market will eventually enter the 1.25 region.
    Otherwise, the appearance of an impulsive candle would mean that it is okay to go near the top of 1.28 mark which is a range broken to the upside. This is the exact thing that 1.2975 handle needs.
    The market may experience some volatility due to news releases that affect the British currency, particularly those headlines from London and Brussels that might cause havoc. Considering this situation, it would be complicated to put on a lot of funds in a single shot hence it is suggested to trade slowly even when things goes along within your favor.
    On one side, there is a tendency to maintain a position on the sidelines because the sterling pound is expected to be one of the most volatile currency in the world of Forex trading for the next month since concerns about Brexit talks are still ongoing.
    Delete.
  8. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    EUR/USD Technical Analysis: June 22, 2017
    The EURUSD was almost steady during the trading session on Wednesday as it trades in a narrow range while prices continued to generate a topping formation. The U.S. Existing Home Sales came in stronger than anticipated results which helped the greens to climb higher.
    The Fed Reserve is in a hawkish mood while the President of Fed in Chicago, Charles Evans aided the dollar to bolster.
    Moreover, the pair had declined in the trend line support, however, rebounded from the intra-day lows and stayed around the resistance region which was the previous support that lied close the ascending slope found at the level 1.1200.
    The target for support can be found at 1.0853 region which is near the May lows. The topping candlestick pattern formed by price appeared to be a little version of head and shoulder reversal pattern.
    The momentum still sits in the negative territory while the moving average convergence divergence (MACD) histogram that prints in the red along the downward sloping direction which further leads to a lower exchange rate.
    Delete.
  9. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    NZD/USD Technical Analysis: June 22, 2017
    High volatility resides in trading the New Zealand dollar during the Wednesday session as it declined in the beginning but rebounded later on enough to recover losses. However, it will decline again once retested. There will be choppiness in the market and traders should expect a lot of noise in the trend going in either direction. The 0.72 level remains to be supportive and it won’t take long before buyers return in the again.
    Buying this pair is not bad although expect there will be lesser returns in the current situation compare to other pairs in the market. Traders could try other markets that offer more opportunities although the long-term impulsiveness indication should not be forgotten which is essential to gain more profit.
    The commodity market will have an impact on the New Zealand dollar for the long-term course and traders next target will be 0.73 level and higher. A break in the said level could send the price higher towards the 0.75 handle.
    In general, a breakdown lower than the 0.72 level would be a negative sign that could further bring the price down towards the 0.70 region. Given some time, an impulsive candle can be formed on the daily chart which will be a significant move as it gives hint in gaining profit in this pair. Traders might have a difficult time in trading this pair for now, but when the trend shifts and the impulsive candle forms, the next move will most likely be spontaneous.
    Delete.
  10. Luis Forexmart's Avatar

    user
    Join Date: Mar 2016
    Posts: 835
    said "thanks": 0
    thanked 1 time in 1 message
    Time Online
    2 Weeks 3 Days 7 Hours 1 Minute 19 Seconds
    Avg. Time Online
    14 Minutes 16 Seconds
    Reputation:
    0
    USD/CAD Technical Analysis: June 22, 2017
    There is an upside bias in the USD/CAD pair for the day. It broke higher than the 1.33 level while the market moves towards the upper channel pushed by the downward pressure in the crude oil market. It seems that the crude oil market will have a difficult time due to the different events that still show negative outlook.
    Overall, the downtrend will persist as the shale oil are shed out at large amounts in the market. The market will continue to reach towards the 1.34 handle then towards the 1.35 level above. The U.S. dollar has been in the uptrend for a long time and it will most likely sustain its strong stance not only because of the appreciation in value but also because of the interest rate outlook of the Federal Reserve aside from the crude oil market.
    The long-term chart was also seen to reach lower levels which is positive indication despite the choppiness in the market, the trend will remain in an upward direction. It may not be best to short this pair until the marker is able to break lower than the 1.32 level which could take longer to happen in a short-term.
    Overall, the volatility in the market is mainly due to the strengthening of the U.S. economy and not solely because of the crude oil market. However, traders should be cautious of the current market condition as the uptrend will persist for some time but it would be smart also to act bullish at the same time. It is advisable to bet on more trades as the trend continues to go up and clear every handle as the market continues to move forward.
    Delete.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

     

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •