Forex Market

4May
AUD-USD-Forex-Analysis

AUD/USD: Forex Technical Analysis

AUD/USD Technical Strategy: SHORT AT 0.7608

  • Morning Star candle design clues at Aussie Dollar rise ahead
  • Any additions prone to be restorative inside a more drawn out term descending pattern
  • Chances to add to short exchange looked for if upside move appears

    The Australian Dollar put in a bullish Morning Star candle design in the wake of touching a 11-month low against its US partner, implying a ricochet might be ahead. A week ago’s break of pattern line bolster set shape January 2016 makes for an extensively bearish predisposition nonetheless, proposing any additions from here are likely restorative.

    Starting wedge floor bolster turned-protection is at 0.7573, with a break over that opening the entryway for a retest of the 0.7636-43 region (38.2% Fibonacci retracement, March 29 low). On the other hand, a day by day close beneath the half level at 0.7482 makes ready for a test of the 61.8% Fib at 0.7327.

    4-5
    The short AUD/USD exchange was actuated at 0.7608 hit its underlying target at 0.7566 and benefit has been set up for half of the positon. The rest will stay in play, searching for drawback continuation. A rise will be dealt with as an open door scale up presentation if and when a chance to do as such introduces itself.

27Apr
nzd-usd

NZD/USD : Forex Technical Analysis

NZD/USD Technical Strategy: FLAT

* NZ Dollar on the cusp of the most exceedingly awful losing streak in almost 3 years

* Day by day, 4-hour diagram imply a remedial bob might be underway

* Searching for recuperation to yield an opening to enter short position

The New Zealand Dollar is on the cusp of the most exceedingly terrible losing streak in almost three years however a remedial bob may go before encourage shortcoming. Costs have succumbed to eight sequential to meet help at 0.7049, the half Fibonacci development. An every day close beneath that uncovered the 61.8% level at 0.6957.

27-4-1
A rearranged Hammer candle over this boundary cautions of uncertainty and a gander at shorter-term situating strengthens the case for a bob. The four-hour outline uncovers positive RSI dissimilarity as costs float underneath the 0.71 figure, indicating at ebbing drawback force that may go before a remedial rise.

27-4-2
Considering that, selecting to sit tight for a ricochet to search for offering openings appears to be judicious. Back on the day by day outline, the primary layer of noteworthy protection comes in at 0.7140 (38.2% Fib, channel floor), trailed by the 23.6% extension at 0.7254.

20Apr
AUD-USD

Forex Technical Analysis : AUD/USD

AUD/USD Technical Strategy: Flat

Australian Dollar rejected lower at two-month channel protection

Break of counter-slant line expected to affirm bearish resumption

Strategic long exchange ugly missing an obvious bullish flag

The Australian Dollar drew back from channel protection controlling it bring down since mid-February, with affirmation of down pattern resumption everything except secure. In any case, the close term arrangement of higher highs and lows stays in place, contending against accepting take after on soft spot for the present.

An every day close underneath incline line bolster – now at 0.7709 – opens the way to challenge the urgent 0.7625-53 group (38.2% Fibonacci extension, March 29 low, two-year drift line). On the other hand, push over the 0.7813-31 zone (April 19 high, 38.2% Fib retracement) uncovered the half boundary at 0.7889.

Costs are sitting decisively at prompt graph bolster, influencing a short position to seem ugly from a hazard/remunerate point of view. Then again, the easiest course of action keeps on pointing descending and missing indications of bottoming caution against taking up the long side, even strategically. Remaining level appears to be generally judicious.

AUD/USD

16Apr
forex

Today’s Forex Market Insight

INTERNATIONAL CURRENCY BUZZ
Forex -EUR/USD ends week higher, still unable to move away from 1.2300
Forex- GBP/USD tests 2018-high ahead of UK data-intensive calendar this week
Forex- EUR/GBP: Brexit trade talks to undermine the pound–Rabo bank
EUR/USD
The EUR/USD pair remained above 1.2300 on Friday and rose marginally. It found resistance at 1.2350 it was about to end the week with a gain of around 50 pips. The pair peaked on Wednesday at 1.2395 and then bounced to the downside following the release of the FOMC minutes. It continued to correct lower on Thursday weakened by the ECB minutes. The decline was capped by 1.2300 and then, euro rebounded modestly, rising to 1.2350. While the tone of the Fedwas seen as “hawkish”, the ECB offered no signals of potential talks about the exit strategy. On a wider perspective, EUR/USD continues to move around the 1.2300 area. Since February it is moving sideways without a clear direction. Last week it found support on an uptrend line from November lows. That line stands at 1.2250/60 at the moment, and a break lower could be seen as a bearish signal from a technical perspective.
EUR/USD
GBP/USD
The GBP/USD is trading at around 1.4253 up 0.17% on Friday. It is trading close to key resistance levels with the 200- period simple moving average on the weekly chart at 1.4245 and the 2018 high at 1.4346. Earlier on Friday, the pound tested levels not seen since January 25 (2018 high). In the absence of significant data from the UK, the pair is mainly driven by the general market sentiment, the speeches from Fed’s member in the US and the technical outlook. It will be a data- intensive calendar for the cable next week with the UK inflation, labor market and retail sales data. The data will be closely looked by investors as the Bank of England will be watching for clues to hike sooner rather than later. On the other side of the Atlantic, next week will see the US retail sales report for March, housing starts for March, building permits and a plethora of Fed’s members’ speeches.
GBP/USD
21Mar
EURNZD

EUR/NZD – Forex News

– New Zealand GDP missed desires a week ago.

– The RBNZ will leave rates unaltered for a long time to come.

EUR/NZD Will Push Higher as RBNZ and ECB Monetary Policy Outlook Diverges

EUR/NZD is as of now moving toward its largest amount since mid-Decemberand is set to keep on making new highs in front of the RBNZ most recent fiscal approach declaration late Wednesday. The national bank is relied upon to leave all fiscal policysettings unaltered – loan cost at 1.75% – particularly after a week ago’s GDP figures missed market desires. The RBNZ is additionally anticipated that would change concentrate soon and hope to extend work and in addition holding expansion under control, which means an accommodative national bank will be relied upon to keep rates low for more.

The European Central Bank then again is as of now doing combating when it ought to at long last end its present security purchasing program (QE) and how and when it should begin raising rates. The most recent ‘ECB sources’ stories point to a national bank moving the level headed discussion to loan costs and far from QE with a rate-climb in mid-2019 now beginning to get evaluated into the market. While any rate climb is no less than one year away, any official timetable from the ECB on rate climbs will push the EUR higher with the single cash responsive to any ECB jabber.

While the EURNZD outline looks overbought on the stochastic pointer, a break over the March 8 high of 1.71320 will open the best approach to late the December 1 high of 1.74820.

EURNZD Price Chart Daily Time Frame (October 11, 2017 – March 21, 2018)

EUR/NZD

28Feb

Technical Analysis on EUR/USD

EUR/USD specialized foul Strategy: pending short at 1. 2277.

  • Euro drops through neckline support, indicating twofold top banana may be situated underneath 1. 26.
  • Selloff took after delicate German CPI, hawkish remarks from Fed’s Powell.
  • Searching should offer ahead a restorative ricochet for finer risk/reward parameters.

 

The euro takes a gander set on middle of the road deeper misfortunes against those us dollar after costs made a twofold Main The following the 1. 26 , capping An four-month uptrend. Those single coin punctured neckline backing after taking after frustrating German expansion information What’s more hawkish remarks from nourished seat jerome Powell.

Starting with here, An Every day close The following those 38. 2% Fibonacci retracement at 1. 2173 opens those entryway for a test of the 1. 2055-70 range (August 29 high, half level). Alternatively, move back over neckline support-turned-resistance, currently toward 1. 2277, opens the entryway a retest of previous pattern line backing at 1. 2385.

Costs would a touch as well near help should make for an alluring short exchange setup starting with An risk/reward point of view. For that done mind, a request need been set to offer EUR/USD In 1. 2277. Though triggered, those position will at first focus 1. 2173 Furthermore convey a stop-loss actuated looking into An Every day close over 1. 2329.

EUR/USD

21Feb
GBP/USD

GBP/USD refreshes session lows, The following mid-1. 3900s post

• uk unemployment rate ticks higher Also prompts a few offering.
• feature pay Growth stayed firm during 2. 5% y-o-y in any case falls flat should give backing.
• BOE expansion hearings/FOMC gathering minutes peered toward to new stimulus.

The GBP/USD match held for should its Every day misfortunes Furthermore dropped on new session lows, The following mid-1. 3900s, post-UK month to month employments information.

The british Pound lost exactly ground after the most recent uk occupation points indicated unemployment rate ticked higher to 4. 4% over three months should december Also negated a unforeseen drop in the amount for individuals guaranteeing unemployment-related benefits, tumbling Eventually Tom’s perusing 7. 2% Throughout january.

In mostaccioli in-line uk compensation Growth data, nearing to on indicate feature compensation development (counting bonus) stayed firm toward 2. 5% y-o-y completed little on give any support, for exactly level of vulnerability encompassing those approaching Brexit talks also weighing on the major.

Gurus presently look forward of the BOE expansion hearings and the Exceptionally foreseen FOMC meeting minutes in place on focus the pair’s near-term trajectory.

Specialized foul levels will watch.
Prompt help may be currently pegged close to those 1. 3900 handle, which On broken could transform those match defenseless with augment its near-term restorative slide further towards trying those 1. 3800 round figure Stamp in the near-term.

On the flip side, bulls may proceed with with battle close to those 1. 4020-25 region, over which a session from claiming short-covering Might lift those match over towards those 1. 4100 handle.

14Feb
GBP/USD

GBP/USD upside is seen as corrective

“GBP/USD is seeing a minor close term recuperation, this is seen as restorative just while the rally is topped by 1.4011/67 (6 th February high and 20 day mama). While topped here consideration is on the 1.3658 September top. Key medium term bolster is the 1.3399 2016-2018 uptrend. We keep on viewing 1.4345 as a break top for the market and search for promote shortcoming”.

“Over 1.4400, the April 2015 low can be seen at 1.4568”

 

GBP/USD

8Feb
Indications of impending BoE Rate-plod to constraint GBP/USD Losses

Indications of impending BoE Rate-plod to constraint GBP/USD Losses

– Bank of England (BoE) to Keep Benchmark Interest Rate at 0.50%

The Bank of England’s (BoE) quarterly loan fee choice may affect the close term viewpoint for GBP/USD should the national bank demonstrate a more noteworthy eagerness to additionally standardize money related strategy over the coming months.

Despite the fact that the BoE is relied upon to remain on hold, the national bank is probably going to repeat that ‘further unassuming increments in Bank Rate would be justified throughout the following couple of years, keeping in mind the end goal to return swelling economically to the objective.’ accordingly, the new updates leaving the BoE may check the current shortcoming in the pound-dollar conversion standard if the national bank gets ready U.K. family units and organizations for a fast approaching rate-climb.

Be that as it may, the MPC will take after a comparative way to 2017 as authorities caution ‘any future increments in Bank Rate were required to be at a progressive pace and to a constrained degree,’ and business as usual from Governor Mark Carney and Co. may fuel the current decrease in GBP/USD as the national bank has all the earmarks of being on course to actualize one rate-climb every year.

Indications of impending BoE Rate-plod to constraint GBP/USD Losses
The Bank of England (BoE) voted collectively to hold the present approach in the wake of conveying a 25bp climb in November, and it appears as if the national bank stays in no hurry to execute higher acquiring costs as authorities ‘kept on judging that expansion was probably going to be near its pinnacle, and would decay towards the 2% focus in the medium term.’ It appears just as the Monetary Policy (MPC) will adhere to the sidelines for years to come as ‘improvements in regards to the United Kingdom’s withdrawal from the European Union – and specifically the response of families, organizations and resource costs to them – had remained the most huge impact on, and wellspring of vulnerability about, the financial standpoint.’

The British Pound attempted to hold its ground as the BoE supported a keep a watch out approach for financial strategy, with GBP/USD pulling once again from the 1.3450 area to end the day at 1.3429. New to exchanging? Audit the ‘Qualities of a Successful Trader’ arrangement on the best way to adequately utilize use alongside other accepted procedures that any broker can take after.

Indications of impending BoE Rate-plod to constraint GBP/USD Losses

* The progress from the November-low (1.3039) seems to have run its course following the arrangement of fizzled endeavors to break/close over the 1.4310 (61.8% extension) to 1.4350 (78.6% retracement) district, while the Relative Strength Index (RSI) falls once more from overbought domain and snaps the bullish development extended from a similar period.

* May see value feature a comparative dynamic as the force marker, with a nearby beneath the 1.3830 (61.8% retracement) to 1.3870 (78.6% development) locale opening up the following drawback leap around 1.3690 (61.8% extension) to 1.3700 (38.2% development).

14Nov
EUR/USD

EUR/USD space for a trial of 1.1800

In perspective of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the combine could endeavor a bounce back to the 1.1800 handle.

Key Quotes

“EUR/USD keeps on amending higher. The new low was as of late not affirmed by the day by day RSI and this proposes lost drawback energy, current intraday Elliott tallies are suggesting degree for a 1.1800 bounce back. Past this bounce back we stay negative, the market has as of late finished a head and shoulders top example and a bear hail design – this is exceptionally negative value activity. The estimation down from the head and shoulders is 1.1232. The 200 day mama lies at 1.1298 only in front of here”.

“The standpoint stays negative while topped by the present October highs and early August high at 1.1858/1.1910. Extra help is offered by the mid-June high at 1.1296 and the more vital 1.1110 end of May low”.

“Over the 1.1858/1.1910 range (early August and October highs) lies the 1.2092 September high”.

EUR/USD

 

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