Daily Forex News

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Re: Daily Forex News

Postby xtreamforex » Fri Mar 29, 2019 7:23 am

Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

EUR USD

The EUR traded Higher against the USD and closed at 1.122.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12023, and a fall through could take it to the next support level of 1.11848. The pair is expected to find its first resistance at 1.12492, and a rise through could take it to the next resistance level of 1.12786.

Previous Day range was 46.9 and Current Day Range is 16.3.

GBP USD

The GBP traded higher against the USD and closed at 1.304.

United Kingdom Gross Domestic Product q/q is the key indicator of the national economy growth. The index shows changes in the market value of goods and services produced in the country in the given quarter compared to the previous quarter. The GDP is calculated using statistical information (using national economic indicators), forecast models and expert evaluations.

GDP growth can be seen as positive for the pound sterling.

The pair is expected to find support at 1.29794, and a fall through could take it to the next support level of 1.29186. The pair is expected to find its first resistance at 1.31551, and a rise through could take it to the next resistance level of 1.32700.

GBP USD previous Day range was 175.7 and Current Day Range is 34.8.

USD CHF

The USD traded higher against CHF and closed at 0.9956.

According to the analysis, pair is expected to find support at 0.99365, and a fall through could take it to the next support level of 0.99169. The pair is expected to find its first resistance at 0.99744, and a rise through could take it to the next resistance level of 0.99927.

USD CHF previous day range was 37.9 and current day range is 15.7.

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Re: Daily Forex News

Postby xtreamforex » Tue Apr 02, 2019 9:59 am

Technical Overview of AUD/USD, USD/JPY and NZD/USD Currency Pairs

AUD USD

The AUD traded lower against the USD and closed at 0.7111.

Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.

RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

According to the Analysis, The pair is expected to find support at 0.70994, and a fall through could take it to the next support level of 0.70874. The pair is expected to find its first resistance at 0.71275, and a rise through could take it to the next resistance level of 0.71436.

Previous Day range was 28.1 and Current Day Range is 47.5.

USD JPY

The USD traded higher against the JPY and closed at 111.342.

The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

The pair is expected to find support at 110.967, and a fall through could take it to the next support level of 110.593. The pair is expected to find its first resistance at 111.577, and a rise through could take it to the next resistance level of 111.813.

USD JPY previous Day range was 6100 and Current Day Range is 1640.

NZD USD

The NZD traded lower against USD and closed at 0.6805.

According to the analysis, pair is expected to find support at 0.67931, and a fall through could take it to the next support level of 0.67815. The pair is expected to find its first resistance at 0.68267, and a rise through could take it to the next resistance level of 0.68487.

NZD USD previous day range was 33.6 and current day range is 27.5.

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Re: Daily Forex News

Postby xtreamforex » Thu Apr 04, 2019 10:52 am

Technical Overview of USD/CHF, AUD/USD and USD/JPY Currency Pairs

USD CHF

The USD traded lower against the CHF and closed at 0.9981.

Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

The indicator growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 0.99606, and a fall through could take it to the next support level of 0.99400. The pair is expected to find its first resistance at 0.99946, and a rise through could take it to the next resistance level of 1.00080.

Previous Day range was 34 and Current Day Range is 16.6.

AUD USD

The AUD traded higher against the USD and closed at 0.7112.

The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

The pair is expected to find support at 0.70675, and a fall through could take it to the next support level of 0.70231. The pair is expected to find its first resistance at 0.71428, and a rise through could take it to the next resistance level of 0.71737.

AUD USD previous Day range was 75.3 and Current Day Range is 17.8.

USD JPY

The USD traded lower against JPY and closed at 111.482.

According to the analysis, pair is expected to find support at 111.271, and a fall through could take it to the next support level of 111.060. The pair is expected to find its first resistance at 111.632, and a rise through could take it to the next resistance level of 111.782.

USD JPY previous day range was 3610 and current day range is 1630.

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Re: Daily Forex News

Postby xtreamforex » Fri Apr 05, 2019 12:41 pm

Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs

EUR USD

The EUR traded higher against the USD and closed at 1.122.

Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

The indicator growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

Previous Day range was 41.2 and Current Day Range is 11.6.

NZD USD

The NZD traded higher against the USD and closed at 0.6752.

The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

GBP USD

The GBP traded higher against USD and closed at 1.3071.

According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

GBP USD previous day range was 130.3 and current day range is 23.5.

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Re: Daily Forex News

Postby xtreamforex » Tue Apr 09, 2019 8:43 am

Gold Prices moves around $1300 as Bulls concentrates on Geopolitics

The news reports signaling the US-EU trade rift and likely renewed geopolitical tensions between the US and Saudi Arabia triggered risk-off.
Buyers target 50-day SMA during further upside.

Gold prices are taking the rounds near $1297 early on Tuesday as investors give more emphasis to the latest news reports signaling an increase in global geopolitical tension.

According to the analysis XAUUSD.x pair is expected to find support at 1291.14 and a fall through could take it to the next support level of 1285.14. The pair is expected to find its first resistance at 1303.41, and a rise through could take it to the next resistance level of 1309.68.

Previous Day range was 12.27 and Current Day Range is 34800.

The yellow metal rose to a two-week high on Monday as conflict in Libya and the US President’s another hit to Iran grabbed market concentration. Headlines regarding the Libyan National Army’s March to obtain the capital Tripoli and Donald Trump declaring Iran's revolutionary guard as a terrorist organization helped the Gold to remain strong yesterday.

During early Tuesday, investors welcomed the development from the UK that favored an amendment rejecting no-deal Brexit.
However, the hopefulness couldn’t last long after the Financial Times reported that the US is proposing tariffs worth $11 billion on the EU products, as well as the Airbus.

The risk-off sentiment got supplementary support when the Trump administration announced a ban on 16 Saudi nationals from entering the U.S. due to their roles in the murder of journalist Jamal Khashoggi. Saudi Arabia is still to respond to the ban and may generate news reports during the day.
Yields on the US 10-year note remained unchanged near 2.519%.

Investors may now concentrate more on the qualitative catalysts like Brexit and the geopolitical plays including the US.

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Re: Daily Forex News

Postby xtreamforex » Wed Apr 17, 2019 7:44 am

Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

USD CAD

The USD traded lower against the CAD and closed at 1.335.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

Previous Day range was 56.7 and Current Day Range is 44.2.
GBP USD

The GBP traded higher against the USD and closed at 1.3043.

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

USD JPY

The USD traded lower against JPY and closed at 112.012.

James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

USD JPY previous day range was 1950 and current day range is 2410.

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Re: Daily Forex News

Postby xtreamforex » Mon Apr 22, 2019 9:40 am

Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

USD CAD

The USD traded lower against the CAD and closed at 1.335.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

Previous Day range was 56.7 and Current Day Range is 44.2.

GBP USD

The GBP traded higher against the USD and closed at 1.3043.

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

USD JPY

The USD traded lower against JPY and closed at 112.012.

James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

USD JPY previous day range was 1950 and current day range is 2410.

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Re: Daily Forex News

Postby xtreamforex » Tue Apr 23, 2019 12:04 pm

Technical Overview of EUR/USD, USD/JPY and NZD/USD Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1257.

The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies. A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

According to the Analysis, The pair is expected to find support at 1.12411, and a fall through could take it to the next support level of 1.12254. The pair is expected to find its first resistance at 1.12672, and a rise through could take it to the next resistance level of 1.12776.

Previous Day range was 26.1 and Current Day Range is 15.8.

USD JPY

The USD traded lower against the JPY and closed at 111.931.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

The pair is expected to find support at 111.851, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.000, and a rise through could take it to the next resistance level of 112.070.

USD JPY previous Day range was 1490 and Current Day Range is 3240.

NZD USD

The NZD traded lower against USD and closed at 0.6677.

According to the analysis, pair is expected to find support at 0.66701, and a fall through could take it to the next support level of 0.66629. The pair is expected to find its first resistance at 0.66870, and a rise through could take it to the next resistance level of 0.66967.

NZD USD previous day range was 16.9 and current day range is 13.

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Re: Daily Forex News

Postby xtreamforex » Mon Apr 29, 2019 8:17 am

Technical Overview of CAD/CHF,
GBP/AUD, USD/CHF and GBP/CAD Currency Pairs


CAD CHF

The CAD traded lower against the CHF and closed at 0.7575.

CAD CHF formed a Mother Bar Inside Bar @ the Quarterly and Yearly Pivots.
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High of 0.76000 and make a retest with LOW VOLUME to ensure that all supply from market is over.

Scenario 2: In order to be bearish it needs to push through the Quarterly /Yearly Pivots (0.75469) then the Low of Mother Br, A successful test with LOW VOLUME is required to ensure that all Demand has ended...

According to the Analysis, The pair is expected to find support at 0.75586, and a fall through could take it to the next support level of 0.75425. The pair is expected to find its first resistance at 0.75897, and a rise through could take it to the next resistance level of 0.76047.

Previous Day range was 31.1 and Current Day Range is 16.2.

GBP AUD

The GBP traded lower against the AUD and closed at 1.8337.

GBPAUD formed a Mother Bar Inside Bar @ the Yearly Pivots Middle R1
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High of 1.8448 and make a retest with LOW VOLUME to ensure that all supply from market is Over .

Scenario 2: In order to be bearish it needs to push through the Quarterly (1.8275) then the Low of Mother Bar, (1.8200)
Break Below Quarter Pivot may confluence with the Previous Day Candle Low Broken .A successful test with LOW VOLUME is required to ensure that all Demand has ended...

The pair is expected to find support at 1.82996, and a fall through could take it to the next support level of 1.82621. The pair is expected to find its first resistance at 1.83840, and a rise through could take it to the next resistance level of 1.84309.

GBP AUD previous Day range was 84.4 and Current Day Range is 38.7.

USD CHF

The USD traded lower against CHF and closed at 1.0197.

USDCHF formed a Mother Bar Inside Bar @ the Quarterly and Yearly Pivots.
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High + MQR2 1.0241 and make a retest with LOW VOLUME to ensure that all supply from market is Over .

Scenario 2: In order to be bearish it needs to push through the Quarterly Resistance (1.0143) the Low of Mother Bar is the almost the same value, A successful test with LOW VOLUME is required to ensure that all Demand has ended...

The Pair has been in range between Pivots since 7 days

According to the analysis, pair is expected to find support at 1.01754, and a fall through could take it to the next support level of 1.01534. The pair is expected to find its first resistance at 1.02280, and a rise through could take it to the next resistance level of 1.02586.

USD CHF previous day range was 52.6 and current day range is 12.

GBP CAD

The GBP traded higher against CAD and closed at 1.7384.

GBPCAD formed a Multiple Mother Bar in side Bar It's in a range now.
Its in a range of Pivots ( Quarterly and Yearly ) 1.7315-1.7463

The Pair has been In range between Pivots since 19 days
Once breakout occurs The pair may lead to a prominent trend

According to the analysis, pair is expected to find support at 1.73558, and a fall through could take it to the next support level of 1.73274. The pair is expected to find its first resistance at 1.74190, and a rise through could take it to the next resistance level of 1.74680.

GBP CAD previous day range was 63.2 and current day range is 22.
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Re: Daily Forex News

Postby xtreamforex » Fri May 03, 2019 8:57 am

Technical Overview of GBP/USD, GBP/JPY and NZD/USD Currency Pairs

GBP USD

The GBP traded higher against the USD and closed at 1.3029.

The pair formed an Outside/Inside bar. Exactly on the monthly Pivot with a series of LH and LL
It formed a Fibonacci setup called AB=CD.

Scenario 1=A break above the Outside bar high and trend line may trigger bullish momentum.
Scenario 2- A break below the outer bar low and trend line may lead the pair downwards.

Employment Report for April increased by nearly 200,000 in March, while unemployment rate stood steady at 3.8 percent. The ISM Non-Manufacturing PMI for April rate of the services sector expansion slowed down in March, but the index remains at an elevated level of slightly more than 56 percent.

According to the Analysis, The pair is expected to find support at 1.30043, and a fall through could take it to the next support level of 1.29800. The pair is expected to find its first resistance at 1.30667, and a rise through could take it to the next resistance level of 1.31048.

GBP USD Previous Day range was 62.4 and Current Day Range is 23.6.

GBP JPY

The GBP traded higher against the JPY and closed at 145.235.

The pair formed an Outside/Inside bar. Exactly on the monthly AND yearly Pivot with a series of LH and LL
It formed a Fibonacci setup called AB=CD
Scenario 1=A break above the Outside bar high and trend line may trigger bullish momentum.
Scenario 2- A break below the outer bar low and trend line may lead the pair downwards

The pair is expected to find support at 144.914, and a fall through could take it to the next support level of 144.592. The pair is expected to find its first resistance at 145.698, and a rise through could take it to the next resistance level of 146.160.

GBP JPY previous Day range was 7840 and Current Day Range is 1700.

NZD USD

The NZD traded higher against USD and closed at 0.6616.

1- H4 Outside bar Inside bar.
2- Pivot high candles forming a trend line.

Scenario 1=A break above the Outside bar high and trend line may trigger bullish momentum.
Scenario 2- A break below the outer bar low and trend line may lead the pair downwards
According to the analysis, pair is expected to find support at 0.66029, and a fall through could take it to the next support level of 0.65896. The pair is expected to find its first resistance at 0.66344, and a rise through could take it to the next resistance level of 0.66526.

NZD USD previous day range was 31.5 and current day range is 18.4.
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