NewForex — The technical analysis of Forex Market

Offline
03-18-2016, 01:01 AM,
#31
Forex News from New Forex: Technical analysis of GBP/USD

After the release of industrial output data in the USA yesterday the pound has unexpectedly gained ground and started a careful upsurge against the greenback. As soon as the details of the Fed’s meeting became known and the interest rate was left unchanged, the pound sterling advanced and hit 1.4150. Now the British currency trades within the level of support at 1.4157 and the level of resistance at 1.4380 with attempts of bulls to breach 1.43.

Exponential moving averages with periods 20 and 55 days have just crossed upwards which implies the market’s intention to keep rising. The MACD entered its central line zone and goes up, only the oscillator Stochastic leaves bears a chance, although it might just lag behind with its signal.

resim

NewForex Analyst

Joseph Schwartz
Offline
03-19-2016, 12:53 AM,
#32
Forex News from New Forex: Technical analysis of EUR/USD

The currency pair EUR/USD keeps rising today and trades within the level of support at 1.1262 and the level of resistance at 1.1400. A bullish sentiment dominates in the market for the fourth trading session in a row, after yesterday’s release of consumer price data in Eurozone the currency gained extra impulse for the further growth.

In a four-hour timeframe the oscillator MACD stands above its central line and rises. The RSI is also above the centre, but designates weakening of the uptrend. The Stochastic stands in the zone of overbought. EMA20 and EMA55 continue climbing after crossing upwards.

resim

NewForex Analyst

Michael Butnitsky
Offline
03-19-2016, 12:55 AM,
#33
Forex News from New Forex: Technical analysis of USD/CHF

The market dynamics remain negative, the dollar has been steadily losing ground since the start of the week. In the trading on Friday some slowdown is seen, the pair trades within the level of support at 0.9617 and the level of resistance at 0.9734.

Yesterday’s decision of the Swiss National Bank to hold the interest rate on the same level provided additional impulse for the growth of the national currency which allowed bears to push down the market to a 5-month low at 0.9650.

The MACD-oscillator remains below its central line and keeps falling, the Stochastic entered the zone of oversold. Exponential moving averages with periods 20 and 55 days move downwards. Bears rule the market today!

resim

NewForex Analyst

Michael Butnitsky
Offline
03-22-2016, 07:29 PM,
#34
Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday the pair trades with a slight bearish sentiment within the level of support at 1.1211 and the level of resistance at 1.1274. Two previous trading sessions closed with firm bearish candlesticks which implies the market intention to keep a descending trend in the short-term. EMA 20 and 55 are rising, but they crossed locally which can be seen in an hour chart. Thus, according to the oscillator Stochastic, which entered the zone of overbought, during an intraday trading it would be sensible to follow the bears. In a four-hour timeframe the situation is slightly different. The MACD-histogram is directed upwards but still remains above its central line, the Stochastic is in the zone of oversold. Here we can expect a further market growth after the current correction. EMA20 and 55 are rising, it implies that the pair has the opportunity to stay within the current ascending trend if bulls gain support, for instance, after upbeat Eurozone statistic data.

resim

NewForex Analyst

Michael Butnitsky
Offline
03-24-2016, 09:15 PM,
#35
Forex News from New Forex: Technical analysis of EUR/USD
On Thursday trades have an obvious bearish sentiment within the level of support at 1.1122 and the level of resistance at 1.1203. The market has been steadily declining since the end of the last week. Starting from March 18th every trading session closed with a firm bearish candlestick which implies the intention of bears to consolidate their advantage and exert further pressure on the market.

Exponential moving averages EMA20 and 55 crossed downwards and keep descending. The indicators MACD and RSI are under their central lines and also demonstrate a downward trend. The oscillator Stochastic is moving towards the zone of oversold which implies a further development of the bearish scenario in the short run.

resim

NewForex Analyst
Luigi Campo
Offline
03-25-2016, 04:54 PM,
#36
Forex News from New Forex: Technical analysis of USD/JPY

On Friday the currency pair trades with a slight bullish sentiment within the level of support at 112.60 and resistance at 113.32. During the Asian trading session the quotes jumped to a week high, but the price has not breached the current level of resistance.

A steady rise was observed during the whole week. However, the tendency did not break the main bearish sentiment. Exponential moving averages EMA20 and EMA55 still decline, the MACD-histogram stands above its central line but has a downtrend. RSI shows that the rising market loses its power. The Stochastic approached the zone of overbought and sends a signal to sell.

resim

NewForex Analyst
Luigi Campo

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

In the trading on Friday the descending dynamics started to slowdown, most markets are closed (except for Japan and the USA) due to the celebration of Good Friday. Thus, we do not expect fundamental changes in the power balance between bulls and bears.

The price remains within the support at 1.1137 and resistance at 1.1182. Exponential moving averages EMA20 and EMA55 decline after the yesterday’s crossing downwards. MACD and RSI stand below their central lines and go down, although a bit slowing down. The Stochastic sends a signal to buy.

resim

NewForex Analyst
Luigi Campo
Offline
03-28-2016, 05:02 PM,
#37
Forex News from New Forex: Technical analysis of EUR/USD

In the morning tradings on Monday the pair trades within the support at 1.1129 and resistance at 1.1179. On a four-hour timeframe a clear price consolidation is seen within this range, the celebration of Easter Monday in Europe, Canada, Australia and New Zealand contributes to it.

Thus, we do not expect any considerable changes in the afternoon until the opening of tradings in the USA and the release of statistic data on Personal Consumption Expenditures in the USA.

The current market sentiment is bearish, in the short run Eurobears are aimed at pushing the market to 1.0950. The MACD-histogram moves below its central line being almost parallel to it. The RSI is weak, the Stochastic sends a signal to sell in the short run.

resim

NewForex Analyst

Luigi Campo

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

On Monday tradings the currency pair has a slight bullish sentiment within the support at 1.4011 and resistance at 1.4181. Exponential moving averages with periods 20 and 55 (EMA20, EMA55) have crossed downwards and decline, the MACD-histogram remains below its central line and is going to rise.

The oscillator Stochastic reversed upwards and ascends which provides the opportunity to enter the market with a long position in the short run. Meanwhile, the movement is likely to turn into a firm long-run uptrend to 1.4450 and further to 1.4600.

resim

NewForex Analyst

Luigi Campo
Offline
03-29-2016, 06:33 PM,
#38
Forex News from New Forex: Technical analysis of USD/CHF
After some lull on Monday due to the celebration of Easter in Europe by the Gregorian calendar, on Tuesday the currency pair demonstrates a bearish potential in the short run with local support at 0.9718 and resistance at 0.9786.

Exponential moving averages EMA20 and EMA55 crossed and decline. The MACD goes downwards although staying in the positive zone. The Stochastic left the zone of oversold and sends a signal to buy.

If the current level of resistance is breached, the price might enter 0.9850. In case of the opposite scenario, the downtrend might go to 0.9550.

resim

NewForex Analyst

David Fineberg

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

On Tuesday tradings the currency pair is supported by a firm bullish market sentiment in the short run. The level of support is seen at 1.1162, the level of resistance is at 1.1243. Due to closed European markets yesterday (Easter Monday in Europe) at the release of statistic data in the USA the euro advanced. Market participants considered data on Personal Consumption Expenditures quite weak triggering the selloff of the dollar. The trading session closed with a bullish candlestick. However, bulls were not very strong. The release of weak data on pending home sales in the USA restricted its potential capacity.

Although the MACD-histogram moves upwards, it still remains below its central line. The RSI indicator declines, a correctional movement to 1.1060 is highly possible if bulls have enough power. In case of easing of the current level of resistance there might be a rise to 1.1300 — 1.1325.

resim

NewForex Analyst

David Fineberg
Offline
03-30-2016, 09:30 PM,
#39
Forex News from New Forex: Technical analysis of EUR/USD

On Wednesday the currency pair trades with a slight bullish sentiment within the price range seen at the opening of the Asian trading session. Yesterday a cautious speech of the Fed’s Chair Jannet Yellen regarding US economic perspectives considerably eased the dollar and lent support to the single currency. The market gained 100 pips and consolidated at 1.1190.

Judging by the current market position a further step might be the breaching of 1.1300 (which is not a challenging task) and a rise to the nearest level of resistance at 1.1328 (with support at 1.1249) and probably further to 1.1376 (a high of this year), if bulls have enough power. And there are doubts about it.

In spite of the bullish market sentiment (the MACD is above its central line and increases), according to the oscillators Stochastic and the RSI, the pair is overbought which implies the easing of the bullish market potential.

resim

NewForex Analyst

Michael Butnitsky

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

We have been observing the decrease of quotes within this currency pair for the third day in a row after a week rise. Yesterday during the US trading session the decline strengthened. And the Fed’s Chair Jannet Yellen contributed to it as she was quite sceptical about the perspectives of the US economy in the short run which did not provide expected support to the greenback in spite of upbeat data on the Consumer Confidence Index.

Today USD/JPY trades with a slight bearish sentiment within the immediate support at 112.07 and resistance at 112.78.

Exponential moving averages with 3, 20 and 55 day periods descend. The MACD-histogram declines as well and is close to moving below its central line. The oscillator Stochastic stays in the zone of oversold.

resim

NewForex Analyst

Michael Butnitsky
Offline
03-31-2016, 09:17 PM,
#40
Forex News from New Forex: Technical analysis of AUD/USD
On Thursday the pair trades with a slight bullish sentiment within the level of support at 0.7619 and the level of resistance at 0.7680 with attempts to breach the latter. The rise which started on February 5 continues today, the market remains within the price channel.

In a four-hour timeframe the MACD-histogram stands in the positive zone but declines, the signal line goes up. The RSI stands above its central line and increases. It shows that the market has not exhausted its bullish potential yet and we can expect the continuation of the uptrend but only if the price consolidates above 0.7680. Up to this moment the situation is unclear.

resim

NewForex Analyst

Luigi Campo

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

On Thursday the currency pair trades with a bearish sentiment within the support at 112.04 and the resistance at 112.57.

Moving averages EMA3, EMA20 and EMA55 crossed downwards and decline. The MACD entered a negative zone, the histogram stands in flat, a signal line goes down.

resim

NewForex Analyst

Luigi Campo
Offline
04-01-2016, 08:44 PM,
#41
Forex News from New Forex: Technical analysis of EUR/USD

On Friday the pair trades within the support at 1.1345 and resistance at 1.1448. The market rise, which started last week, gradually slows down. The MACD histogram stands in the positive zone but its increase is not so apparent . The oscillator Stochastic is in the zone of overbought. The RSI goes up which means that the market has not exhausted its bullish potential. Market participants are in the anticipation of Friday payrolls.

resim

NewForex Analyst

David Fineberg
Offline
05-12-2016, 09:54 PM,
#42
Forex News from New Forex: Technical analysis of EUR/USD

On Thursday the currency pair trades with a slight decline after the yesterday’s high at 1.1446 within the support at 1.1398 and resistance at 1.1477. However, exponential moving averages with the period 3, 20 and 55 days indicate the coming rise of the market. In a 4-hour timeframe the MACD-histogram entered a positive zone and moves upwards. But the relative strength indicator (RSI) stands below its central line which implies that the current movement is not strong enough.

resim

NewForex Analyst
Michael Butnitsky
Offline
05-17-2016, 09:54 PM,
#43
Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Tuesday a slight bullish sentiment is seen. Bouncing off the support at 1.4332 the price tested the level of resistance at 1.4524 today, thus forming a firm bullish candlestick. In case of success and breaching of the current resistance by bulls, we will be able to observe a market movement to 1.4550 and probably further to 1.4597.

As for short positions, currently they seem highly risky. However, those who wish may enter the market with a short position but not before forming a firm bearish candlestick below a strong level of resistance at 1.4597.

resim

NewForex Analyst

Sara Rosenstein

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

On Tuesday the currency pair trades within the immediate support at 1.1302 and resistance at 1.1350. After a failed attempt to breach the level of resistance in the trading on Monday (the price did not leave 1.1341), a bearish sentiment prevails in the market today with the consolidation towards the low of the last week (1.1282).

In a day chart the MACD-histogram stands above the central line but the indicator is directed downwards. The oscillator Stochastic entered the zone of oversold which implies that bears start losing their power.

Thus, currently we do not see any signs of a long-term market trend.

resim

NewForex Analyst

Sara Rosenstein
Offline
05-18-2016, 07:50 PM,
#44
Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Tuesday the pair demonstrated some volatility but did not manage to form a strong trend. On Wednesday trades are seen within the support at 1.4433 and resistance at 1.4591. In case of breaching the current level of support, the market might decline to 1.4235. If the level of resistance is breached, we may see the price at 1.4640.

In a fourhour timeframe the MACD-histogram entered the zone above its central line and the indicator moves upwards. EMA20 and EMA55 slowed down and flattened out. The oscillator Stochastic signals about the coming downtrend of the market.

resim

NewForex Analyst

Michael Butnitsky

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

On Monday and Tuesday after some flat within 30-40 pips the euro keeps losing ground which was observed last week. In the trading on Wednesday euro/dollar trades with a slight downtrend standing within the support at 1.1229 and resistance at 1.1330.

The sentiment is more neutral today, a bullish and a bearish market potential hold parity. Force of opposing parties with the perspective of the further evolution of the currency rate will be clear as soon as the phase of correctional consolidation terminates and local levels of support-resistance are breached in the short run. In case of breaching the support, the market might move towards 1.1130. In case of breaching the resistance level, the price might rise to 1.1460.

resim

NewForex Analyst

Michael Butnitsky
Offline
05-19-2016, 08:35 PM,
#45
Forex News from New Forex: Technical analysis of EUR/USD

On Thursday tradings of EUR/USD demonstrate a downtrend with the support at 1.1161 and resistance at 1.1270. It should be noted that the pair shows the signs of oversold.

In a four-hour timeframe EMA20 and EMA55 move downwards, the MACD-histogram stands below its central line and declines as well as the RSI. The oscillator Stochastic is seen in the zone of oversold.

resim

NewForex Analyst

Luigi Campo



Users browsing this thread: 1 Guest(s)
Komen: 189 <<>> Dilihat: 7074
NewForex — The technical analysis of Forex Market
Xenia Soboleva
98321
Forum Jump: