Forex Market

14May
Forex

Epic Research : Forex Market Insight

INTERNATIONAL CURRENCY BUZZ

Forex -Dollar On Track to Snap 4 Week Winning Streak as EUR/USD Gains
Forex -EUR/USD consolidates recovery from 4 month lows
Forex -GBP/USD trims daily gains, holds in weekly range

EUR/USD

The EUR/USD pair is rising on Friday for the second day in a row but it was unable to extend gains during the American session as the US Dollar recovered strength on the back of rising US yields. The euro peaked on Friday at 1.1969, the highest since Monday. The area around 1.1970 capped the upside. EUR/USD is about to end the week, steady  moving  in  a  range  between  1.1930  and  1.1960, marginally  below  the  level it closed last week. EUR/USD recovered  ground  after  falling  on  Wednesday  to  1.1821, the  lowest  since  December.The weekly close far from the lows could signal some consolidation ahead. Some bearish pressure is still seen. The weekly chart is about to form  a doji,  after rebounding at the 20 week  moving  average.Next week,key data from the Euro zone is due, including GDP, NEW survey and CPI. In the US, retail sales on Tuesday area likely to gain attraction.

GBP/USD

The GBP/USD failed  again  to  break  above  1.3600  and  retreated  back  below  1.3550 amid a recovery of the US dollar across the board. Recently dropped to 1.3531 and it was  hovering around 1.3540. The greenback trimmed losses the board during the American  session  and  extended  gains  against  most  of  emerging  market  currencies. US Dollar Index Futures rose from 92.19 to 92.42 supported by a bounce in US yields that turned higher.Regarding data, the US Preliminary Consumer Sentiment Index (University of Michigan) for May came in at 98.8, slightly above  the  98.5  expected  by  market  analysts.  Cable  is  still  modestly  higher  for  the day  but  the  momentum  eased.  It  continues  to  move  sideways  as  it  has  been  the case since last week. GBP/USD continues to move in a consolidation range between 1.3500  and  1.3600.  Today  it  is  headed  toward  the  sixth  daily  close  between  1.3515 and 1.3550.

14

10May
Forex-trading-in-Kenya

Iforex Market Insight : Epic Research

INTERNATIONAL CURRENCY BUZZ

Forex- Dollar Backs Off 2018 Highs as Rally Pauses
Forex- EUR/USD could see gains extended to 1.2000/50
Forex- GBP/USD bulls challenge the 1.3600 handle as US Dollar retreats from highs

EUR/USD
The correction lower in the buck remains well and sound on Wednesday and is now allowing EUR/USD to  move  closer  to  the  1.1900  handle,  or  session  peaks.  The  pair  is  edging higher today following the renewed softer tone around the greenback. In fact, seems USD sellers  have  stepped  in  today  in  response  to  the  strong  rebound  in  the  buck  in  recent weeks, which managed to retake the 93.00 handle and above, area last visited in December 2017. Adding to today’s offered bias in USD, US Producer Prices rose less than expected during April at an annualized 2.6% and 0.1% inter month. Core prices rose 0.2% on a monthly basis and 2.3% over the last twelve months. At the moment, the pair is gaining 0.10% at 1.1877 facing the next hurdle at 1.1984 (10 day sma) seconded 1.2018 (200 day sma)  and  finally  1.2153  (low  Mar.1).  On  the  downside,  a  break  below  1.1823  (2018  low May 8) would open the door to 1.1768 (78.6% Fibo of November February up move) and finally 1.1718 (monthly low Dec.12 2017).

GBP/USD

The  GBP/USD  is  trading  at  around  1.3593  up  0.34%  on Wednesday  as  investors  are slowly  unwinding  their  short  GBP/USD  positions  ahead  of  the  Bank  of  England  rate decision and quarterly Inflation Report on Thursday. Cable bulls gathered some momentum and managed to orchestrate a counter trend move from the 1.3500 handle earlier in the European session to challenge the 1.3600 handle in the American session. The  US  dollar  is  trading  lower  on  Wednesday  below  the  93.00  mark  as  investors  are  taking  some  profits  off  the  table  after  US  President  Trump  announced  on Tuesday that he withdrew the US from the Iran nuclear deal. Adding pressure to the greenback  is  the  worse than expected  Producer  Price  Index  (PPI)  data.  The  PPI  ex Food  and  Energy  year on year  to  April  came  below  expectations  at  2.3%  against 2.4% forecast by analysts. Technically, the GBP/USD is oversold and there is a combination of unwinding short positions and bottom pickers which is keeping the cable in the 1.3500 – 1.3600 range.

10 fx

8May
mYitsjG3MjETNkI8_1280x600_q70v3

NZD/USD : Forex Technical Analysis

NZD/USD Technical Strategy: FLAT

  • Morning Star candle design indications at New Zealand Dollar skip
  • Dissimilarity on 4-hour RSI reinforces the case for ebbing offering weight
  • Rise may offer chance to offer into the more extensive bearish pattern

    The New Zealand might prepared an endeavor at recuperation against its US partner after costs slid to the most minimal level in more than four months. The presence of a bullish Morning Star candle example may go before a ricochet. Regardless of whether such a move denotes a redress or bona fide inversion stays to be seen.

    8-5
    Zooming in from the day by day outline to shorter-term situating, the setup on the four-hour time span uncovers positive RSI dissimilarity that supports the case for ebbing upside energy. Prompt pattern protection is as yet holding in any case, so it is untimely to state whether a rise or sideways float will take after.

    8-1
    Truant further affirmation, standing aside appears to be judicious. All things considered, offering into indications of fixing after a ricochet to retest slant characterizing protection close to 0.7140 appears like an alluring recommendation, were such a chance to emerge. Close term value activity will be nearly checked for advance.

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.

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