Archive for Technical Analysis – Page 2

AUDUSD rebounded from 0.7818

AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.7986. Key support is now […]

Australia Unemployment Rate Falls To 5.5%

By Orbex Blog Daily Forex Market Preview, 19/10/2017 The monthly employment report from Australia released earlier today showed that the unemployment rate fell to 5.5% in September and down from 5.6% seen the month before. In the monthly employment change, the economy was seen adding 19.8k jobs, which was higher than the estimated 14.1k. Previous […]

Daily Market Report – AUD/USD Still In The Green October 19, 2017

By Mexgroup.com AUD/USD More Upside In View The currency pair has increased in the morning and seems poised to climb much higher in the upcoming days as the USDX failed to breakout above the 93.81 static resistance. The dollar index has slipped lower and is pressuring a dynamic support, a valid breakdown will signal a […]

Euro treads water as Catalonia Independence deadline looms

Article by ForexTime The Euro was unsettled during Wednesday’s trading session, as anxiety mounted ahead of Madrid’s looming deadline on Catalonia’s independence. With the region refusing to yield to the Spanish government’s demand to back down, things could get really messy on Thursday. A situation where Spain suspends Catalonia’s autonomy by invoking Article 155, has […]

Daily Market Report – EUR/JPY Is This A Brearish Signal? October 18, 2017

By Mexgroup.com EUR/JPY Edged Higher The EUR/JPY increased sharply today and erased the yesterday’s losses. Price is strongly bullish right now, but this rebound could be only temporary and the rate could turn to the downside again. The pair reached a strong confluence area, so we may have a trading opportunity very soon. Technically, it […]

Daily Market Report – USD/JPY Accelerates The Latest Gains October 18, 2017

By Mexgroup.com USD/JPY Climbs Higher The currency pair increased sharply today and reached fresh new highs as the Yen was punished by the Nikkei’s further increase and because the USD is supported by the USDX’s rally. The dollar index resumed the upside momentum and reached the 93.81 static resistance again. Is very important to see […]

GBP/JPY Low Volatility Zone Breakout Spikes the Price

By Admiral Markets The GBP/JPY formed the LVZ pattern – Low Volatility Zone exactly at the POC 147.85-148.05 and it is proceeding higher towards D H4 148.75. Strong h1 candle or 4h candle close above 148.75 suggest further bullish pressure towards 149.20-30. Looking at a daily chart in chart we can see a possibility of […]

GBP/JPY Daily Hammer Suggests Further Bullish Pressure

By Admiral Markets The GBP/JPY formed the LVZ pattern – Low Volatility Zone exactly at the POC 147.85-148.05 and it is proceeding higher towards D H4 148.75. Strong h1 candle or 4h candle close above 148.75 suggest further bullish pressure towards 149.20-30. Looking at a daily chart in chart we can see a possibility of […]

NZDUSD: Forex Technical Analysis – Rise of inflation increases likelihood of rate hike

By IFCMarkets Rise of inflation increases the likelihood of a rate hike The rise of inflation in New Zealand in the 3rd quarter of 2017 exceeded forecasts. Will the prices of the New Zealand dollar grow? The increase in the consumer price index was 1.9% year-over-year. This is more than the indicator of the 2nd […]

Murrey Math Lines 18.10.2017 (EUR/USD, EUR/JPY)

Article By RoboForex.com EUR USD, “Euro vs. US Dollar” At the H4 chart, the EUR/USD pair is expected to test the support at the 0/8 level at 1.1718, rebound from it, and then resume growing towards the 3/8 one at 1.1901. However, if the price breaks the 1/8 level at 1.1779, it won’t test the 0/8 one. At the H1 chart, the pair may test the 0/8 level […]

Fibonacci Retracements Analysis 18.10.2017 (AUD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” At the H4 chart, the AUD/USD pair is forming the mid-term descending correction, which has already reached the retracement of 50.0%. The next downside target may be the retracement of 61.8% at 0.7635, which may be reached only after the price breaks the local cow […]

EURUSD: today’s situation is 50/50

By Gabriel Ojimadu, Alpari Previous: On Tuesday the 17th of October, the US dollar continued its growth against the majors. In the US session, the euro dropped to 1.1736. Market participants share the opinion that the dollar’s rise in the first half of the day was down to talk that John Taylor, an advocate of tight […]

Robust Industrial Production Renews Support For The USD

By Orbex Blog Daily Forex Market Preview, 18/10/2017 The US dollar was seen trading stronger on Tuesday as data showed that industrial production rose 0.3% on the month. This came after the previous month’s data was revised to show a 0.7% decline. Import prices also increased, rising 0.7% on the month marking the largest increase […]

Daily Market Report – GBP/JPY Poised For Further Drop October 18, 2017

By Mexgroup.com GBP/JPY Turned To The Downside The currency pair dropped aggressively in the yesterday’s trading session and seems to heavy to be stopped at this moment. GBP/JPY is trading in the red even if the Nikkei stock index has managed to reach new highs. The JP225 increased as much as 21392 level, but failed […]

XAUCNH: Forex Technical Analysis – 19th Communist Party Congress will start in China

By IFCMarkets The 19th Communist Party Congress will start in China In this review, we suggest considering the personal composite instrument (PCI) “Gold vs Yuan”. It increases when gold rises in price on the world market and the Chinese currency weakens. Is there a possibility for the XAUCNH prices to rise? The value of gold […]

Daily Market Report – USD/CHF Needs A Bullish Spark October 17, 2017

By Mexgroup.com The USD/CHF increases and resumed the yesterday’s minor bullish candle, but is facing a tough resistance level. The USD has taken the lead again and is driving the rate higher, but still, needs a helping hand from the United States data to be able to jump much higher in the upcoming period. The […]