Daily Forex News

Moderator: moderators

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Thu Oct 07, 2021 7:25 am

EUR/USD struggles for a clear direction within a bearish chart pattern

In general, EUR/USD is moving downwards. As of late, EUR/USD bounced off the resistance zone of 1.16300. The danger is slanted to the disadvantage, as per the day-by-day chart, as specialized pointers have continued their decays after revising outrageous oversold readings. Simultaneously, the pair continues to foster well beneath its moving midpoints as a whole, with the 20 SMA keeping a solidly negative slant more than 100 pips over the current level. Presently, EUR/USD is trying to break beneath the vital resistance of 1.16. Its next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for selling chances of EUR/USD if it breaks beneath the vital resistance of 1.16.

GBP/USD struggles to keep the latest rebound above 1.3600

In general, GBP/USD is moving downwards.Pound/dollar has outperformed the 50 Simple Moving Average on the four-hour chart and advantages from potential gain energy. The Relative Strength Index (RSI) has settled and stays a long way from overbought conditions. All things considered, bulls are making progress. Resistance anticipates at 1.3645, Monday’s high point. It is trailed by 1.3695, which covered GBP/USD in late October. Further above, 1.3725 and 1.3750 anticipate the bulls. At present, GBP/USD is trying the resistance zone of 1.36000 and the following support zone is at 1.34000. Search for selling chances of GBP/USD on the off chance that it dismisses the resistance zone of 1.36000.

USD/JPY edges higher on Wednesday after posting fall for three consecutive days

After moving above 112.00 without precedent for 2021 last week, the USD/JPY pair arranged a profound revision and shut the past three exchanging days the negative domain. With the market mindset enhancing Tuesday, the pair figured out how to invert its course and was most recently seen acquiring 0.32% on the day at 111.22. Generally, USD/JPY is moving upwards. As of late, USD/JPY dismissed the support zone of 110.800. USD/JPY’s next support zone is at 110.800 and the following resistance zone is at 112.000. Search for momentary buying chances of USD/JPY.

XAU/USD remains pressured near $1,750, US job data eyed

XAU/USD continues to exchange between Fibonacci levels. The everyday outline shows that gold couldn’t hold gains over a negative 20 SMA and right now exchanges underneath it, meeting purchasers for a third sequential day around the 23.6% retracement of its most recent day-by-day droop at 1,748.05. Specialized markers are aimless inside adverse levels, with the RSI gradually turning south. For the close to term, the viewpoint is unbiased to-bullish as XAU/USD is remaining over a bullish 20 SMA, while specialized pointers point higher from around their midlines. The 100 SMA keeps an unassuming negative slant close the following Fibonacci obstruction level at 1,764.35, the level to beat to anticipate extra gains in the forthcoming meetings.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Mon Oct 11, 2021 7:53 am

EUR/USD flirts with short-term resistance below 1.1600

Generally speaking, EUR/USD is moving downwards. The US Nonfarm Payrolls report showed that the nation added simply 194K positions in September. Opinions flipped from negative to positive, with mobilizing values harming the dollar. EUR/USD solidifies losses close to its 2021 low, has space to expand its droop. Furthermore testing the pair’s potential gain moves is the region involving September 22-23 lows near 1.1680-85. Then again, the expressed support close 1.1550 confines momentary decreases of the EUR/USD in front of the new multi-month low of 1.1529. EUR/USD’s next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for transient selling chances of EUR/USD up until the arrival of the U.S. Non-Farm Payroll occupations report later at 2030 (GMT+8).

GBP/USD has corrected into a critical daily resistance following the last September


On the four-hour outline, GBP/USD is trying the climbing pattern line coming from late September. With a break underneath that help, the pair could expand its slide toward 1.3550 (50-period SMA) in front of 1.3500 (mental level). On the potential gain, the underlying obstacle is situated in the 1.3630/40 region, where the 100-time frame SMA builds up the static opposition. Just a day-by-day close past that level could be viewed as a bullish improvement that is probably going to make ready for a more grounded bounce back toward 1.3720 (200-period SMA). After contacting a day-by-day high of 1.3640, GBP/USD turned around its course and was losing 0.2% on the day at 1.3590 at the hour of the press. Hazard streams offered help to the GBP while covering the dollar’s potential gain yet financial backers appear to have taken a careful position in front of the basic US September occupations report.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Wed Oct 13, 2021 6:44 am

EUR/USD is trading above 1.1550, extending the bounce from yearly lows of 1.1524

Generally speaking, EUR/USD is moving downwards. The EUR/USD pair exchanges a small bunch of pips over the referenced 2021 low, down for a second successive day. Specialized readings in the day-by-day outline favor another leg lower as the pair grows well underneath immovably negative moving midpoints. Simultaneously, specialized pointers stay inside bad levels, with the RSI continuing its decay inside oversold readings. G20 gatherings will be held today. EUR/USD’s next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for transient selling chances of EUR/USD up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

GBP/USD faces strong resistance near 1.3650 inside the symmetrical triangle.

GBP/USD is moving downwards. G20 gatherings will be held today. The close term specialized standpoint for GBP/USD appears to have turned negative with the pair breaking underneath the rising pattern line coming from late September. Also, GBP/USD is trading beneath the 50-time frame SMA on the four-hour chart and the Relative Strength Index (RSI) marker is pushing lower toward 40. Right now, GBP/USD is trying the resistance zone of 1.36000 and the following support zone is at 1.34000. On the off chance that GBP/USD rejects the resistance zone of 1.36000, search for transient selling openings up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

USD/JPY retreats further from multi-year tops, depressed below mid-113.00s

Generally speaking, USD/JPY is moving upwards. As of late, EUR/USD broke the resistance zone of 112.00. The USD/JPY pair refreshed everyday lows during the early European meeting, though figured out how to shield the 113.00 imprints and immediately recuperated not many pips from thereon. The pair was most recently seen drifting around the 113.20-25 area, almost unaltered for the afternoon. USD/JPY’s next support zone is at 112.000 and the following resistance zone is at 114.400. Search for transient buying chances of USD/JPY up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

XAU/USD locks in some fresh gains above $1,760 ahead of CPI data and the FOMC minutes.

According to a specialized perspective, XAU/USD stays bound to natural levels. The day-by-day outline shows that it is at present over an immovably negative 20 SMA, floating around it since late September. Specialized pointers have recuperated some ground, presently aimless inside unbiased levels. Simultaneously, gold can’t clear a Fibonacci opposition level at 1,764.35, the 38.2% retracement of its most recent everyday decrease. In the close to term, and as indicated by the 4-hour outline, gold stands over its 20 and 100 SMAs while beneath the 200 SMA, every one of them lacking directional strength. Gold necessities to clear the 1,777.75 resistance level to acquire a bullish foothold, while bears might take over on an unmistakable break beneath 1,748.05, the 23.6% retracement of the referenced decay.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Thu Oct 14, 2021 6:25 am

Xtreamforex Asia session news wrap: Bank of Japan Governor Kuroda says (US) inflation is transitory

USD/JPY rose from lows just shy of 113.25 to highs above 113.50 during the meeting here in Asia, Not a huge reach yet outstanding in the midst of the smaller ranges somewhere else in all cases.

The News stream was light yet we had a lot of information stream, the majority of the attention on the Australian positions market report for September and Chinese CPI and PPI, likewise for September.

The Australian work market report showed a bigger than anticipated number of employment misfortunes in the month and a higher joblessness rate. Interest fell forcefully. Hours worked rose. In short a mishmash yet dispassionately a more terrible instead of better report. It was to a great extent disregarded as a proceeding with the effect of lockdowns covering almost 50% of Australia’s populace. Further, both of the states affected are in transit towards resuming, NSW having started more rapidly than Victoria’s. In this way, assumptions are of a Q4 economic skip back and better information stream ahead. AUD/USD is down around 15 focuses from its pre-information meeting high. RBA Deputy Governor Debelle talked before in the meeting yet with very little effect (the perspectives on the RBA are notable at this point, tightening ahead however no rate rise conjecture until 2024).

From China, the September CPI came in under assumptions while the PPI flooded to its most elevated in 26 years or more the middle gauge. Rising ware costs were to a great extent accused, rising costs of coal especially noted.

The Monetary Authority of (Singapore’s national bank) fixed financial arrangement a little (see shots above) in an unexpected choice (the mind-boggling agreement was for waiting)

In Turkey, President Erdogan terminated one more three arrangement setters at the country’s national bank. The Turkish lira fell and has since settled as we anticipate a nearby exchange reaction.

BTC is a little higher on the meeting.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Mon Oct 18, 2021 7:12 am

EUR/USD remains pressured towards 1.1600 amid rising Treasury yields

At the hour of the press, EUR/USD trades a generally close reach of around 1.1600. The 100-period SMA on the four-hour outline and the Fibonacci 23.6% retracement of the downtrend that began toward the beginning of September appears to have framed intense opposition in the 1.1615-20 region. If the pair transcends that level and starts utilizing it as help, 1.1670 (Fibonacci 38.2% retracement) could be viewed as the following objective in front of 1.1700/10 region (mental level, Fibonacci half retracement, 200-period SMA). On the drawback, 1.1570 (50-period SMA, 20-period SMA) could be viewed as the main help before 1.1525 (15-month low) and 1.1500 (mental level).

GBP/USD contains above 1.3750 amid USD weakness

GBP/USD shut the keep going candle on the four-hour outline over the 200-period SMA and is right now testing the upper line of the climbing relapse channel coming from late September at 1.3740. Albeit the close term, specialized viewpoint stays bullish, the Relative Strength Index (RSI) marker is, by and by, surrounding the overbought region. On Thursday, the pair organized a 60-pip amendment after the RSI contacted 70 and a comparative response could be anticipated. 1.3750 (September 23 high) adjusts as the following opposition before the pair could target 1.3800 (mental level).

USD/JPY advances to multi-year highs near 114.50 on rising US T-bond yields

The USD/JPY had seen a 400 pip rally since October 4, when it was trading around 110.50. The Relative Strength Index (RSI) at 75, portrays that the vertical movement is overextended, as the RSI showed oversold conditions since October 11. On that very day, the 50-day moving normal (DMA) got over the 100-DMA, giving a lift to the pair, as the right request for moving midpoints in an upswing is the more limited time spans moving normal, over the more extended period ones. All things considered, the USD/JPY first resistance level is October 4, 2018, high at 114.54, which is a pivotal value level, fruitlessly tried multiple times in four years.

XAU/USD fell from a high of $1,796.49 to a low of $1,764.86 on Friday.

Gold is uniting the new upsurge, coming up short on a finish potential gain inclination, as a thick group of critical resistance levels around $1798 stays a difficult one to figure out for the buyers. The Fibonacci 23.6% one-day, turn point one-week R2, SMA200, and SMA100 one-day harmonize around that value zone. Acknowledgment over the last will uncover the $1803 boundary, which is the intersection of the Fibonacci 161.8% one-week and turn point one-day R1. The following bullish objective is seen at $1809, the turning point one-day R2, above which $1812 will be on the buyer’s radar.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Tue Oct 19, 2021 7:17 am

EUR, JPY, GBP & XAU Saw a Market Retracement

EUR/USD is trading close to 1.1650, recovering ground to clinch three-week highs

The EUR/USD pair is trading at around the 23.6% retracement of its most recent everyday droop, estimated at 1.1908 and the year low at 1.1523. As per the everyday graph, the bullish potential is still very much restricted. An immovably negative 20 SMA continues to cover the potential gain, while the more drawn-out moving midpoints keep up with their negative slants well over the more limited one. Specialized markers are recuperating some ground with lopsided strength however holding inside regrettable levels, recommending a remedial stage as opposed to affirming a potential base. The 4-hour chart shows that the pair is over its 20 and 100 SMAs, with the more limited one going to cross over the more one.

GBP/USD: Upside needs validation above the descending trendline near 1.3780

On the daily chart, the GBP/USD pair has been in a consistent descending pattern since the high made on July 30 at 1.3983. The dropping trendline from the referenced level goes about as a solid obstruction for GBP/USD. The spot exchanges over the 50-day Simple Moving Average (SMA) at 1.3716 make bulls confident of some recuperation. On the off chance that the pair supports the intraday high alongside the break of the negative sloping line that would mean GBP/USD bulls can test the mental 1.3800 imprints. A fruitful break of the 100-day SMA at 1.3812 could clear the way for the 1.3850 even obstruction level.

USD/JPY extends the previous session’s declines on Tuesday in the early Asian trading

USD/JPY broadened the past meeting’s decreases on Tuesday in the early Asian session meeting. The pair stays in a moderately tight value band, after floating close to their everyday highs in the US meeting. At the hour of composing, USD/JPY is trading at 114.27, down 0.02% for the afternoon. The US benchmark 10-year Treasury security yields exchange at 1.59% after ascending close to 1.61% on Monday, levels last seen toward the beginning of June. As the new, Retail Sales and Initial Jobless Claims propose continuous financial recuperation regardless of steady evaluating pressure. The greenback stays consistent around 94.00.

XAU/USD moves back above $1,770 level, upside potential seems limited

XAU/USD is trading between Fibonacci levels, with dealers adjusted around the 38.2% retracement of the most recent bullish run estimated somewhere in the range of 1,721.59 and 1,800.58 at 1,770.40. Then again, purchasers safeguard the drawback at around the half retracement at 1,761.02. The close to term picture is negative, albeit gold requirements to break underneath 1,761.00 to affirm another leg south. The 4-hour diagram shows that moving midpoints stay aimless, mirroring the shortfall of a reasonable pattern, with just the 100 SMA underneath the current level. Nonetheless, specialized markers stay inside bad levels, the RSI solidifying at around 42 and the Momentum heading immovably lower close oversold readings, mirroring bears’ predominance.

xtreamforex
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Jan 08, 2019 7:53 am
Reputation: 56
Location: Marshall Islands
Real name: Anu
Gender: None specified
Contact:

Re: Daily Forex News

Postby xtreamforex » Wed Oct 20, 2021 7:21 am

Mexican Peso Improves as USD/MXN Degrades and EMFX Became Strong

USD/MXN was high for the previous six months till it got near 20.90 last week. It was a major breakdown for the currency pair, as nobody expected it because of its amazing performance in the past. It was challenging because energy prices went down in the US but there is a significant help provided by the start of the quarterly earnings season as the corporate profits have helped the dollar to get strong easily.

There is a solid bounce in the US equities along with the S & P 500 and Nasdaq 100 for nearly 6% and 7% from their monthly lows, even after the concerns about the fed policy normalization. EMFX works fine when things are going well on Wall Street and traders are also confident about doing risky trades that will give them the potential income they want. If the United States stocks perform well and the treasury curve becomes as per order, the Mexican peso will stand in a dominant position to fight against the US dollar.

Read Full News : Daily & Weekly Analysis on XtreamForex

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “news”