NewForex — The technical analysis of Forex Market

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02-09-2016, 09:16 PM,
#16
Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Tuesday after a small correction the pair keeps its ascending trend which started on February 1. Today the market has a slight bullish sentiment with the support at 1.1138 and resistance at 1.1269. EMA3, EMA20 and EMA55 move upwards, the histogram MACD has been still rising but formed a signal to sell standing above its central line. The oscillator Stochastic entered the zone of overbought but still sends signals to buy.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: Technical analysis of USD/CAD

A trading session is marked by the return of the pair to a long-term line of the ascending trend near 1.3910. We can expect that the market will face a strong level of resistance. The current situation is more in favour of bulls rather than bears. The oscillator Stochastic sends signals to buy, the histogram MACD rises and is beyond its central line. The immediate level of support is seen at 1.3888, the level of resistance is at 1.4062.

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NewForex Analyst

Sara Rosenstein
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02-10-2016, 05:21 PM,
#17
Forex News from New Forex: Technical analysis of EUR/USD

A market slowdown was observed during the Asian tradings. Currently the pair is seen within the level of support at 1.1197 and resistance at 1.1342. EMA3, 20 and 55 keep rising in spite of the slight correction. The MACD-histogram stands above its central line and goes up, only the oscillator Stochastic left the zone of overbought sending signals to sell.

At the end of yesterday’s trading session the pair formed a firm bullish candlestick hitting 1.1337 and later pulled back and closed at 1.1292 which implies a further rise of the market. In case of the successful breach of the resistance at 1.1342, we can see a rise to 1.1459-1.1494.

However, it will require huge efforts and assistance of monetary authorities as the current level of resistance is quite strong. Success of short positions is likely if the market goes below 1.1197.

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NewForex Analyst

Michael Butnitsky
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02-10-2016, 05:22 PM,
#18
Forex News from New Forex: Technical analysis of USD/JPY

The Japanese currency has been gaining ground against the US dollar for the second week in a row. The immediate levels of support and resistance are seen at 113.78 and 115.45 with a slight bearish sentiment in the short term. A local low is at 114.20.

EMA20 and 55 crossed downwards and decline within the formed descending trend. The MACD-histogram remains below its central line and goes down. Only the oscillator Stochastic rises pushing off from the zone of oversold but still keeps a signal to sell.

Every trading session this week finished with a firm bearish candlestick which implies the market's intention to decline further.

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NewForex Analyst

Michael Butnitsky
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02-11-2016, 08:02 PM,
#19
Forex News from New Forex: Technical analysis of GBP/USD

On Thursday trading demonstrates downward dynamics of the pair with the support at 1.4396 and resistance at 1.4513.

The MACD-histogram went slightly beyond its central line and has been rising today. EMA20 and EMA55 are ready to cross upwards, but the pair has been steadily testing the current level of support. In case of success, bears can push down the market to 1.4247 which is confirmed by the oscillator Stochastic sending signals to sell.

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NewForex Analyst

David Fineberg
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02-11-2016, 08:02 PM,
#20
Forex News from New Forex: Technical analysis of EUR/USD

On Thursday the pair trades with some advantage of bulls within the support at 1.1.219 and resistance at 1.1343. In comparison with a previous trading session the downside border of the trading range has slightly risen.

EMA20 and 55 are directed upwards and only the short-term EMA3 reversed downwards. The MACD-histogram is above its central line but it’s prone to the reverse downwards, the Stochastic is in the zone of overbought. It means that there will be a slight market correction before it continues its uptrend. Currently the market has been testing the downside border of the ascending channel and basing on its result it will be possible to define the further trading direction.

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NewForex Analyst

David Fineberg
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02-12-2016, 08:32 PM,
#21
Forex News from New Forex: Technical analysis of EUR/USD

On Friday the pair trades with a slight bearish sentiment going beyond the downside border of the channel. The immediate level of support is seen at 1.1300, the level of resistance is at 1.1403.

The moving averages (3, 20 and 55) are directed upwards, the MACD-histogram is above its central line which might imply the rise of the market and its return to the ascending channel.

However, in the short term the perspectives of bulls are not so positive as euro/dollar might start the workout of the bearish divergence of the MACD. According to the oscillator Stochastic, the market is overbought in the day chart and will soon exhaust its rising potential within several trading sessions. Trades to sell will be too risky at this direction due to the consequence of the report given by the Fed Chair Janet Yellen before the Congress, the single European currency has chances to pare earlier losses.

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NewForex Analyst

David Fineberg
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02-12-2016, 08:33 PM,
#22
Forex News from New Forex: Technical analysis of USD/CHF

Friday tradings have a slight bullish sentiment within the support at 0.9649 and resistance at 0.9787. If there is no extra information at markets, the currency pair will remain within this range demonstrating a tendency to return to the descending channel. A short-term change of the trend is possible only if the market goes above 0.9800.

EMA20 and EMA55 have not changed their direction after the cross upwards, the MACD remains below its central line whereas the Stochastic has approached the zone of overbought.

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NewForex Analyst

David Fineberg
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02-17-2016, 08:20 PM,
#23
Forex News from New Forex: Technical analysis of EUR/USD

A market reverse was observed this week. On Wednesday tradings have a slight bullish sentiment within the level of support at 1.1099 and resistance at 1.1168. EMA3 and EMA20 crossed downwards and decline, EMA55 continue to rise.

Histogram MACD and RSI are below their central lines and directed downwards. The oscillator Stochastic keeps falling sending signals to sell.

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NewForex Analyst

Luigi Campo
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02-25-2016, 06:45 PM,
#24
Forex News from New Forex: Technical analysis of EUR/USD

On Thursday the pair trades with a mild bullish sentiment within the level of support at 1.0937 and resistance at 1.1026 demonstrating recurrent testing of the latter. EMA20 and EMA55 move downwards after crossing at the end of last week but at the moment there is some slowdown. However, bears could not manage to take advantage of it so far. The MACD-histogram remains below its central line keeping liability to a rise.

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NewForex Analyst

Luigi Campo
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02-25-2016, 06:46 PM,
#25
Forex News from New Forex: Technical analysis of GBP/USD

On Thursday the market is marked by a slight bearish sentiment with the level of support at 1.3830 and resistance at 1.3981. The pair keeps declining this week. The MACD-histogram slides below its central line and decreases as well as moving averages EMA20 and EMA55. Only the oscillator Stochastic reversed upwards and sends signals to buy.

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NewForex Analyst

Luigi Campo
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02-26-2016, 09:36 PM,
#26
Forex News from New Forex: Technical analysis of USD/CAD

On Friday the pair trades within the level of support at 1.3419 and the level of resistance at 1.3639. In a four-hour chart a slight bearish sentiment is observed, but according to the oscillator Stochastic the pair is oversold.

The MACD-histogram stands below its central line and keeps declining, the market might drop to the above-mentioned strong support level at 1.3419. The pair remains within the formed downward channel with the aim for bears at 1.3400. A bullish scenario is highly unlikely as the EMA3 indicates the market’s intention to breach the low channel border.

Thus, in the short-run we intend to sell if a firm bearish candlestick is formed below 1.3504 within a short-term trend buying at the rebound from the strong level of support.

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NewForex Analyst

David Fineberg
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03-15-2016, 12:19 PM,
#27
Forex News from New Forex: Technical analysis of EUR/USD

Monday tradings have a slight bullish sentiment within the support at 1.1131 and resistance at 1.1177 demonstrating attempts to test the latter.

In the medium term the currency pair continues its growth which started on March 10 in spite of the strong market volatility of Thursday due to the ECB’s decision about the interest rate. The market has rapidly won back the bearish movement because of the interest rate decrease to 0.0%. The MACD histogram is above its central line and like the oscillator RSI it is facing upwards. Only the Stochastic sends signals to sell which is highly likely to be false.

resim

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Monday the British pound keeps rising against the US dollar. The uptrend of the market which started on February 29 gets further development in today’s tradings. The pair trades within the level of support at 1.4236 and resistance at 1.4441.

The MACD-histogram is above its central line facing upwards. EMA20 and EMA55 also indicate the growth of the market in the short run.

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NewForex Analys

Luigi Campo
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03-17-2016, 12:33 AM,
#28
Forex News from New Forex: Technical analysis of EUR/USD
Today the market keeps its downtrend which started last Friday. At the end of the Asian trading session quotes are within the level of support at 1.1091 and the level of resistance at 1.1144. It should be noted that bears don’t stop their attempts to push down the market below its current support level. EMA20 and EMA55 slowed down and are nearly to cross downwards.

The MACD-histogram descends reaching its central line. The oscillator Stochastic sends signals to sell.

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NewForex Analyst

Joseph Schwartz
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03-17-2016, 12:35 AM,
#29
Forex News from New Forex: Technical analysis of GBP/USD
Hitting a month high last week the currency pair reversed and trades now within the level of support at 1.4061 and the level of resistance at 1.4229. Exponential moving averages with the period 20 and 55 days move downwards and are close to crossing.

The MACD-histogram stands below its central line and declines, the oscillator Stochastic is in the zone of oversold.

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NewForex Analyst

Joseph Schwartz
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03-18-2016, 12:58 AM,
#30
Forex News from New Forex: Technical analysis of AUD/USD
Employment data from Australia triggered positive dynamics for the Aussie during Asian tradings, it has gained ground against the greenback and hit a high in the last half a year. Currently the Australian dollar is trading with a slight bullish sentiment within the level of support at 0.7484 and the level of resistance at 0.7631.

A previous trading session closed with a firm bullish candlestick which means that the market intends to continue its uptrend. However, bears have an opportunity to pare losses as the MACD-histogram is directed upwards at a four-hour timeframe but remains below its central line and the oscillator Stochastic stays in the overbought zone.

According to indicators of directed movement, a firm market uptrend is kept in a day chart: an increase of +DI over -DI is considerable and is accompanied by the growth of ADX.

resim

NewForex Analyst

Joseph Schwartz



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