NewForex — The technical analysis of Forex Market

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03-21-2017, 12:57 AM,
Forex News from New Forex: Technical analysis of EUR/USD
On Monday, the trades on this currency pair proceed with the good ascending market potential. The price remains within the support level at 1.0713 and the level of resistance at 1.0775. The chart was fixed above the moving averages with the period of 20 and 55, so in total with the MACD indicator data it confirms the buyer’s strength. The technical structure of the market indicates good bullish potential in the medium term. On the four-hour chart the MACD histogram is located above the central line but began to decrease, slightly creating a sale signal. The Stochastic oscillator progresses in an average zone and gives a buy signal to the single European currency against the greenback as the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of GBP/USD
On Monday, by opening the trades in Asia, the British pound continued to strengthened against the greenback. It is necessary to notice that this currency pair is in the ascending trend since the last week beginning and today sterling has made a start from the lower bound of the ascending channel so it is quoted with the level of support at 1.2360 and the level of resistance at 1.2443. The technical structure of the market is characterized by the obvious ascending potential as the MACD histogram reports about a good buyers backlog in the medium term giving a buy signal to the British pound. The Stochastic oscillator is in an overbought zone and now it creates a sale signal as the %К line crosses the %D line top down.
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Forex News from New Forex: Technical analysis of AUD/USD
By the beginning of the current trade week, the currency pair resumed its growth winning back a small kickback and reached its highest level of the current year February — 0.7740. Now the pair AUD/USD is on the way to its maximum of last year November — 0.7778. It is required to overcome the strong level of resistance in the corner of 0.7751. For today, the support level is determined around the mark 0.7676. It is worthy of note that on the day chart the MACD histogram appeared in the corner above the central line and gives a buy signal to Australian national currency in the medium term. The Stochastic oscillator which is located in an overbought zone also created an identical signal.
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Forex News from New Forex: Technical analysis of NZD/USD
At the trades on Monday, the New Zealand national currency is traded in different directions and by the European trading session beginning, the quotation of «kiwi» remains within the closest levels of support at 0.6986 and resistance at 0.7062 . It is necessary to notice that the New Zealand dollar has strengthened steadily against the greenback since March 10 of the current year, showing only one «dark» candle last Friday on the day chart. For today, in the four-hour timeframe it is observed the increase in bulls potential indicated by the MACD histogram which appeared in a positive zone and continues to grow, giving a buy signal. Moving averages with the period of 20 and 55 also grow by crossing up. The Stochastic oscillator balances on the border of an overbought zone without showing an accurate signals yet. As soon as it is determined with an arrangement zone, it will be possible to make an investment decisions about the entrance to the market.
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NewForex Analyst
Aaron Kaufmann
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03-26-2017, 11:55 PM,
Forex News from New Forex: Technical analysis of EUR/USD
On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by growth of the MACD histogram which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. The four-hour price chart has risen to the area above the moving averages that confirms the ascending market tendency in the short term. The Stochastic oscillator settles down in the central area, rises up and gives a buy signal to the single European currency against the greenback. The %К line is located above the %D line.
resim

Forex News from New Forex: Technical analysis of GBP/USD
On Friday, the trade on this currency pair proceeds in different directions with support level at 1.0783 and the level of resistance at 1.0814. Today, in the market there is a bullish mood where strength of buyers is defined by the MACD histogram growth which settles down in a positive zone and now prevails raising up. The moving averages with the period 20 and 55 are also go up and grow. In the short term, the four-hour price chart has risen to the corner above the moving averages that confirms the ascending market tendency. The Stochastic oscillator settles down in the central corner, rising up and giving a buy signal to the single European currency against the greenback. The %К line is located above the %D line.
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NewForex Analyst
Sara Rosenstein
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03-28-2017, 01:14 AM,
Forex News from New Forex: Technical analysis of EUR/USD
Monday is one more trading day when the single European currency continues to strengthen against the greenback. After the start of trading session in Europe, the pair trades within the closest levels of support at 1.0797 and resistance at 1.0904. This day is uneventful concerning macroeconomic statistics, thus, intra day dynamics of thу market is to be defined by its technical structure. The moving averages with the period of 20 and 55, on the four-hour chart, continue to grow. The MACD histogram fixed solidly in the positive zone and for today it grows, having risen above the signal line and giving a buy signal. The Stochastic oscillator grows too. Moreover it left an overbought zone creating the similar signal as the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of GBP/USD
On Monday, the currency pair follows different directions with a small advantage of buyers that forces the British pound to strengthen against the greenback. The current rate is located above moving averages with the period of 20 and 55 days indicating the market’s intention to continue the ascending tendency with the level of support at 1.2479 and the level of resistance at 1.2596. For today, the calendar is not full of statistics on significant macroeconomic indicators, thus the dynamics of an exchange rate is to be defined generally by the technical analysis indicators. On the four-hour chart we see that the MACD histogram is in a positive zone and grows a little without forming any accurate signals for investment actions. The Stochastic oscillator grows steadily, reaching an overbought zone and creating a signal for an entrance to the market with long position as the %К line is above the %D line.
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Forex News from New Forex: Technical analysis of USD/JPY
Almost for two weeks in a row, the Japanese national currency strengthenes against the greenback. For today, from the very beginning of the trading session in Asia, the participants of the market haven’t managed to find any unexpected events. The currency pair USD/JPY continued to be traded in a bearish trend with support level at the mark 109.91 and the level of resistance at 111.44. On the four-hour chart, the moving averages EMA20 and EMA 55 continue to decrease since being crossed down in the middle of the current month. It means the intention of this market to remain under pressure further as it is confirmed by the fact that the price chart appeared in the area which is lower. The MACD histogram remains in a negative zone and for today it decreases creating a sale signal to the greenback against the Japanese yen. The Stochastic oscillator is located in an oversold zone creating a similar signal. In such a way, we expect the bears to keep the initiative if only the Central Bank of Japan doesn’t take any unplanned actions.
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Forex News from New Forex: Technical analysis of USD/CHF
On Monday, the currency pair trades with clear advantage of bears remaining within the closest levels of support at 0.9782 and resistance at 0.9930. On the four-hour chart the price fell below moving averages with the period of 20 and 55 days which appear now as the intermediate levels of resistance. The technical structure of the market is characterized by the expressed descending tendency where the MACD histogram went into the negative zone and fell below the signal line, giving a sale signal to the greenback against the Swiss national currency. The Stochastic oscillator crossed the boundary of an oversold zone top down and created a similar signal as the %К line fell below the %D line.
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NewForex Analyst
Sara Rosenstein
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03-29-2017, 10:00 PM,
Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday, during the auction the greenback has strengthened against the single European currency. Then it is observed the price’s cons price within the closest levels of support on 1.0769 and resistance 1.0815 is observed. It is possible to tell that bears have taken an intermediate revenge, after the long approach of bulls which has begun since March 3. Now in the market small calm. However, the technical structure in the short term remains in favor of bulls. On the four-hour schedule moving averages with the period 20 and 55 continue to grow that speaks about the remaining ascending market potential. The histogram of MACD remains in a positive zone, but was considerably reduced towards the axial line and gives a signal for sale of euro against «American». The Stochastic oscillator has also reached a zone of an oversold and has created a similar signal that opens an entrance to the market with a short position. However, despite accurate signals to sale, we recommend to wait for breakdown of local level 1.0800 down.
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Forex News from New Forex: Technical analysis of GBP/USD
The British pound, which strengthens against the greenback since the beginning of last week couldn’t resist the yesterday’s double shock from bears. As a result we could observe the sterling’s fall from 1.2550 to 1.2400. This time, the reason was the macroeconomic statistics of the USA. The first stroke was from the Price index on housing for January from S&P which corresponded to the forecasts of analysts. Then, one hour later the data on the trust level of customers for March was published which incredibly exceeded all expectations (114.0) reaching the point in 125.6. In the short term, the technical structure looks obviously in favor of bears. The MACD histogram went to the negative zone and fell below the signal line indicating an opportunity to an input in the market with a short line item. The Stochastic oscillator also decreases, entering an oversold zone with a similar sale signal. The level of support is 1.2349, the level of resistance is 1.2501. One must bear in mind the fact that today, the government of Great Britain initiates the article 50 in order to begin the procedure of Brexit.
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Forex News from New Forex: Technical analysis of USD/СAD
Since March 16 it is observed the weak growth of the greenback against the Canadian dollar. At the trades on Wednesday, the price is consolidated in the limits of support level at 1.3354 and the level of resistance at 1.3396. It is noteworthy that the yesterday’s speech of the Bank of Canada’s head, S. Poloz hasn’t exerted any impact on quotations. The technical structure of the market on the four-hour chart indicates relative equality of warring parties. The MACD histogram slightly appeared in the area above the axial line without giving any accurate signals. The Stochastic oscillator settles down in an average zone creating a buy signal to the greenback in the short term as the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of AUD/USD
On Wednesday, the trading session on this currency pair follows different directions. The price remains within the closest levels of support at 0.7612 and resistance at 0.7679. The course is clamped between moving averages with the period of 20 and 55 days that indicates possible further consolidation to narrow a corridor of the currency pair. The MACD indicator gives a weak buy signal to the Australian dollar, however, the histogram remains in a negative zone. The Stochastic oscillator also grows but still it didn’t create an accurate signals for an entrance to the market.
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NewForex Analyst
Sara Rosenstein
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04-04-2017, 10:20 PM,
Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday, the trades on this currency pair proceed within the current levels of support at 1.0652 and resistance at 1.0695. The reduction of price which began on March 28 leveled the most part of reached results for the last two weeks, so as a result the pair closed the previous month with a small growth in the amount of 150 pips. Since the beginning of the current month, this market is in relative stability being traded in quite narrow range in 40 pips. The technical structure in the four-hour range indicates the collected bearish potential which till the present moment maintains an impact of warring party. The MACD histogram is located in a negative zone and today it rose a little above the alarm line, however, a buy signal is quite indistinct. The Stochastic oscillator also indicates the single European currency remaining under pressure and gives a weak sale signal. Thus, at the moment the force of warring parties isn't shown yet that forces us to refrain from the adoption of investment decisions before the emergence of accurate signals.
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Forex News from New Forex: Technical analysis of USD/JPY
For the third day in a row, the pair is under pressure and on Tuesday it continues to decrease, remaining within the local levels of support at 110.25 and resistance at 111.26. In the four-hour range, it appears that the price chart fell below moving averages with the period of 20 and 55. The MACD histogram appeared in a negative zone that indicates the increasing bearish potential of the market. It fell below the alarm line thereby creating a sale signal to the greenback against the Japanese national currency. The Stochastic oscillator is in an oversold zone but meanwhile, it doesn't create any accurate signals for the market's entrance. Thus, we expect that the pair will remain under pressure so we recommend to wait for the local support breakdown in order to enter the market with a short position. The entrance to the market with a long position should be considered only after market's overcoming the current level of resistance.
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Forex News from New Forex: Technical analysis of GBP/USD
On Tuesday, the British pound remains under the bearish pressure and in the middle of the European trades the price is in the limits of support at 1.2436 and resistance at 1.2490. The four-hour chart fell below the moving averages with the period of 20 and 55 indicating the intention of the market to continue the descending movement, however the MACD histogram remains at the level of an axial line, showing a weak sale signal. On the contrary, the Stochastic oscillator made a start from the border of an oversold zone as it went up and created a buy signal to sterling as the %К line is higher than the %D line. Thus, within the intra-day trade it is recommended to buy above the line of support on purpose to fix the profit near the level of resistance. Also it is possible to sell in case of kickback from the resistance by fixing the profit near support. For long-term staying in the market, it is recommended to wait for the breakdowns of the local levels of support and resistance or the emergence of confirmed signals from the technical analysis indicators.
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NewForex Analyst
Sara Rosenstein
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04-06-2017, 01:06 PM,
Forex News from New Forex: Technical analysis of EUR/USD
For today, the trades on this currency pair proceed in different directions but in quite narrow range. The price remains within the support level at 1.0652 and the level of resistance at 1.0697. The rate is clamped between the moving averages with the period of 20 and 55 today that indicates the weakening of bearish potential of the market. The technical structure on the four-hour schedule remains bearish but bulls surely gain strength in the process of trades development. The MACD histogram remains in a negative zone but today it rose above the alarm line creating a buy signal to the single European currency against the greenback. The Stochastic oscillator grew during the Asian trading session but now it was slowed down and doesn’t give accurate signals remaining in an overbought zone. It is noteworthy that the European Central Bank throughout the day sits at Europe since the early morning and therefore it is possible to wait for some unexpected events in the market. Also in the US, there is ADP data on the level of employment in a private sector of economy for March, which should be taken into consideration in case of investment decisions adoption.
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Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday, the British pound is traded with a small advance in price remaining within the closest levels of support at 1.2435 and resistance at 1.2491. Definitely, the initiative in today’s market belonged to sellers as the exchanges in Europe didn’t open yet so it slightly shook the line items. On the four-hour chart, moving averages with the period of 20 and 55 don’t are at the same level. It indicates the forces redistribution between warring parties. The MACD histogram is located in a negative zone and gives a sale signal to sterling. The Stochastic oscillator grows and creates a buy signal as the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of USD/СAD
On Wednesday, the pair is traded with an advance in price, remaining within the current levels of support at 1.3375 and resistance at 1.3463. The four-hour chart was fixed above moving averages with the period of 20 and 55 days that implies intention of this market to continue the ascending movement. The MACD histogram remains in a positive zone, but doesn’t give any accurate signals for adoption of investment decisions. The Stochastic oscillator is located in the central area and began to grow, but also still didn’t create an accurate signal for the action. Thus, we recommend to wait for the accurate signals to appear before entering the market.
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NewForex Analyst
Aaron Kaufmann
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04-14-2017, 07:22 PM,
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.
resim

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.
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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.
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NewForex Analyst
Aaron Kaufmann
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04-20-2017, 09:24 PM,
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.
resim

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.
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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.
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NewForex Analyst
Sara Rosenstein
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04-21-2017, 10:45 PM,
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.
resim

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.
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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.
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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.
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NewForex Analyst
Sara Rosenstein
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04-24-2017, 10:32 PM,
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.
resim

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.
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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.
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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.
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