Daily Technical Analysis | Pagina 5

Discussione in 'Trading Systems, Econometria' iniziata da xtreamforex, 15 Febbraio 2019.

    15 Agosto 2019
  1. xtreamforex

    xtreamforex XtreamForex

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

    AUD USD

    AUD traded higher against USD and closed at 0.6747.

    · AUD/USD maintaining bid tone as markets send mixed signals regarding risk.
    · US yields hitting historic lows in Asia with 30-year yield below 2.0%.
    · Bond market is pricing in strong chance of recession nL4N25B0GG.
    · Despite moves in US Treasuries. S&P futures up over 0.40%.
    · AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300.
    · Unless bond market wrong, AUD/USD should struggle on global growth concerns.
    · AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo.

    According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811.

    USD JPY

    USD traded lower against JPY and closed at 105.89.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the Analysis, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66.

    USD CHF

    USD traded higher against CHF and closed at 0.9732.

    According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777.

    According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as:

    (1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50;
    (2) Possible risk of USD intervention by the US;
    (3) Rising odds of a “No Deal” Brexit;
    (4) Re-emergence of Italy political risk;
    (5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war;
    (6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports;
    (7) 2020 - US presidential election year leaves scope for a more aggressive Trump;
    (8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,"
     
  2. 20 Agosto 2019
  3. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of USD/CAD, USD/JPY and EUR/USD Currency Pair

    USD CAD

    USD traded lower against CAD and closed at 1.3323.

    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, pair is expected to find support at 1.3270 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3304 and a rise through could take it to the next resistance level of 1.3338.

    USD JPY

    USD traded lower against JPY and closed at 106.62.

    FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

    According to the Analysis, pair is expected to find support at 106.36 and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 106.70, and a rise through could take it to the next resistance level of 106.81.

    Eur usd

    EUR traded higher against USD and closed at 1.1087.

    According to the Analysis, pair is expected to find support at 1.1075 and a fall through could take it to the next support level of 1.1066. The pair is expected to find its first resistance at 1.1105, and a rise through could take it to the next resistance level of 1.1114.
     
  4. 27 Agosto 2019
  5. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pair

    Eur usd

    EUR traded lower against USD and closed at 1.1102.

    EUR/USD failed to confirm a bullish reversal with a close above 1.1153 on Monday.
    German GDP is expected to have contracted by 0.1% in the second quarter.

    HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

    According to the Analysis, pair is expected to find support at 1.1079 and a fall through could take it to the next support level of 1.1057. The pair is expected to find its first resistance at 1.1138 and a rise through could take it to the next resistance level of 1.1175.

    USD CAD

    USD traded lower against CAD and closed at 1.3254.

    The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

    According to the Analysis, pair is expected to find support at 1.3229 and a fall through could take it to the next support level of 1.3203. The pair is expected to find its first resistance at 1.3298, and a rise through could take it to the next resistance level of 1.3342.

    AUD USD

    AUD traded higher against CAD and closed at 0.6775.

    The Aussie ignored upbeat Chinese data and risk-on trades on the Asian stocks. Focus remains on trade and US data.

    According to the Analysis, pair is expected to find support at 0.6732 and a fall through could take it to the next support level of 0.6713. The pair is expected to find its first resistance at 0.6774, and a rise through could take it to the next resistance level of 0.6797.
     
  6. 30 Agosto 2019
  7. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of EUR/CNY, USD/JPY and USD/CAD Currency Pair

    EUR CNY

    EUR traded higher against CNY and closed at 7.9029.

    The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core 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 EUR, while a low reading is seen as negative.

    The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

    The Caixin China Manufacturing PMI™, released by Market Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.

    According to the Analysis, pair is expected to find support at 7.881 and a fall through could take it to the next support level of 7.860. The pair is expected to find its first resistance at 7.934 and a rise through could take it to the next resistance level of 7.967.

    USD JPY

    USD traded lower against JPY and closed at 106.5200.

    Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, it is seasonally adjusted.
    The index allows evaluating consumer spending which is an important indicator of the national inflation.
    The indicator growth can have a positive effect on yen quotes.

    According to the Analysis, pair is expected to find support at 105.55 and a fall through could take it to the next support level of 105.33. The pair is expected to find its first resistance at 106.03, and a rise through could take it to the next resistance level of 106.29.

    USD CAD

    USD traded higher against CAD and closed at 1.3287.

    The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

    According to the Analysis, pair is expected to find support at 1.3239 and a fall through could take it to the next support level of 1.3194. The pair is expected to find its first resistance at 1.3315, and a rise through could take it to the next resistance level of 1.3346.
     
  8. 5 Settembre 2019
  9. xtreamforex

    xtreamforex XtreamForex

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    XtreamForex is the Fastest Growing ECN Forex Broker in the Financial Market

    XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe. Grand Investing Group has twenty years of experience in investment and commercial banking, as well as real estate investments.
    In January 2016, XtreamForex - (a trade name of Grand Investing LTD) - was formed in order to provide retail investors access to the currency, commodities, energies and equities markets.
    Clients of XtreamForex are offered a choice of 5 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads.
    Swap-free service is available to clients of Islamic belief on Micro & Standard account types. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account.
    XtreamForex is a member of the Investors Compensation Fund and that client funds are held in segregated bank accounts as per our regulations requirements. What is more, the broker provides negative balance protection, ensuring that its clients do not lose more than they have invested.

    Trading Conditions
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    Maximum Leverage
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    Forex Trading Platform
    XtreamForex offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android, iPad & iPhone).

    Customer Support
    XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us.

    The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conduct transactions, create and use Expert Advisors (EAs). EAs are advanced automated trading systems written in MQL4 that are able to analyze market conditions automatically, open and close positions and place, modify or delete orders.\

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    At the time of writing of this review, XtreamForex offers its traders the following promotions:
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    XtreamForex charges no fees on deposits and withdrawals.

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    XtreamForex is a true ECN Forex Broker that offers reasonable conditions for trading with a variety of products through the robust MT4. Start Online Trading with XtreamForex and Experience Reliable Foreign Exchange Trading with Best Forex Brokers and get an edge with our exceptional Forex Trading conditions.
     
  10. 9 Settembre 2019
  11. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pair

    GBP USD

    GBP traded lower against USD and closed at 1.2281.

    The UK Parliament will decide whether the UK PM Johnson's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

    · GBP/USD deflected by Ichimoku Cloud as pointed out
    · Chart blockade has impeded rally, but bullish bias not gone
    · Bulls need to clear Cloud top 1.2432 to force short-covering
    · Daily Bollinger uptrend channel in play if 1.2269 floor holds
    · But Mon closing below that mark could skew back toward 1.2100
    · Entrance of downtrend channl awaits as Brexit uncertainty builds

    According to the Analysis, pair is expected to find support at 1.2266 and a fall through could take it to the next support level of 1.2255. The pair is expected to find its first resistance at 1.2300 and a rise through could take it to the next resistance level of 1.2311.

    AUD USD

    AUD traded higher against USD and closed at 0.6846.

    AUD/USD trades firmer near-daily highs above the 0.6850 level after the Australian Home Loans data showed a solid surge in July. The spot also finds support from China's RRR cut despite disappointing Chinese trade figures.

    According to the Analysis, pair is expected to find support at 0.6839 and a fall through could take it to the next support level of 0.6836. The pair is expected to find its first resistance at 0.6851, and a rise through could take it to the next resistance level of 0.6854.

    USD JPY

    USD traded lower against JPY and closed at 106.90.

    USD/JPY is trading little changed below 107.00 so far this Monday amid Japanese GDP data and improved risk tones. Risk remains skewed to the upside, as the pair is developing above all of its moving averages.

    According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
     
  12. 10 Settembre 2019
  13. xtreamforex

    xtreamforex XtreamForex

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

    Eur usd

    EUR traded higher against USD and closed at 1.1046.

    · EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063
    · Return to downtrend possible, in repeat of early Aug price action
    · Bullish reversal pattern may again be overturned at Bollinger band 1.1111
    · Previous failures to close inside Bollinger uptrend channel cued selloff

    JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

    The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076.

    NZD USD

    NZD traded higher against USD and closed at 0.6422.

    According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449.

    GBP USD

    GBP traded lower against USD and closed at 1.2345.

    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
     
  14. 11 Settembre 2019
  15. xtreamforex

    xtreamforex XtreamForex

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

    USD JPY

    USD traded higher against JPY and closed at 107.53.

    · USD/JPY grinds higher to 107.67 from 107.54, nearing breakout

    · May soon crack 107.71 top of daily Ichimoku Cloud on EBS

    · Closing above that level marks bullish break, 200 DMA could be next

    · ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in

    · US 10y yield lets off some steam after hitting 1.744%, last 1.713%

    · Risk appetite rising with further global central bank easing expected

    According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75.

    USD CHF

    USD traded lower against CHF and closed at 0.9919.

    · USD/CHF recently turned choppy inside a rising channel formation.
    · 200-hour EMA adds to the pattern’s support.

    The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session.

    According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938.

    AUD USD

    AUD traded higher against USD and closed at 0.6859.

    · AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data.
    · Australian currency may remain under pressure due to deepening slowdown in China.

    According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873.
     
  16. 26 Settembre 2019
  17. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of NZD/USD and USD/JPY Currency Pair

    NZD USD

    NZD traded lower against USD and closed at 0.6271.

    · NZD/USD rebounding after staging key reversal lower yesterday

    · Pair is up close to 0.59% from the NY close and nearing 0.6300

    · Move up coincided with speech by RBNZ Governor Orr

    · Orr says rates will remain low for long time, but QE unlikely

    · Adds that low rates provides excellent investment opportunities

    · Resistance at 10-day MA at 0.6314 and break eases downward pressure Bank of America Merrill

    Gross Domestic Product q/q (GDP) is a monetary valuation of all goods and services produced in the United States in the given quarter compared with the previous one minus the price of goods and services used in production.

    The GDP calculation equation includes consumer spending, government spending, amount of all investments (including capital expenditures for activities) and total net export of the country.

    GDP is the indicator of the country's economy and population living standards. A regular inflation adjustment allows for a valid comparison of the current value with the previous one. Thus, the country's GDP can be displayed as a percentage of the previous year or quarter. This is handy for measuring the economic growth rate.

    GDP growth can have a positive effect on dollar quotes.

    According to the Analysis, pair is expected to find support at 0.6264 and a fall through could take it to the next support level of 0.6245. The pair is expected to find its first resistance at 0.6328 and a rise through could take it to the next resistance level of 0.6347.

    USD JPY

    USD traded lower against JPY and closed at 107.76.

    Bank of America Merrill Lynch Global Research discusses USD/JPY outlook and maintains a structural bearish bias

    The bar is high for the BoJ to cut the policy rate and the USD/JPY level is likely to be a key variable. We would sell USD/JPY (and vol) if it rallies on expectations for the BoJ from the current level.

    The likelihood of the BoJ's rate cut would increase if USD/JPY sells off to 104-105, accompanying weakness in risk assets. However, we do not think a mere 10bp rate cut would contain the pressure. We expect the market to test the BoJ in such a scenario and volatility will rise," BofAML notes.

    "But the combination of fiscal easing, rate cut with supplementary measures, and more purchases of foreign assets by public/semi-public institutions, may prove effective in weakening JPY," BofAML adds.

    BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

    If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

    According to the Analysis, pair is expected to find support at 107.20 and a fall through could take it to the next support level of 106.99. The pair is expected to find its first resistance at 107.86, and a rise through could take it to the next resistance level of 108.07.

    Important Economic Events of the Day

    · JPY: BoJ Governor Kuroda Speech

    · USD: United States Gross Domestic Product (GDP) q/q

    · EUR: ECB President Draghi Speech

    · GBP: BoE Governor Carney Speech

    · USD: Pending Home Sales m/m

    · MXN: Bank of Mexico Interest Rate Decision

    For More information about the release time of news and its impact visit Economic Calendar Page!
     
  18. 27 Settembre 2019
  19. xtreamforex

    xtreamforex XtreamForex

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    Technical Overview of GBP/USD and EUR/USD Currency Pair

    GBP USD

    GBP traded higher against USD and closed at 1.2322.

    · Modest flow, +0.1%, at top of a very tight 1.2320/28 range, EUR/GBP -0.1%.

    · Boris's top adviser Cummings; Brexit chaos 'A walk in the park'.

    · EU's Juncker says he and Barnier doing everything possible to get a deal.

    · Britain will be responsible if they exit EU with no Brexit deal.

    · Over a third of small UK companies fear no-deal Brexit hit, FSB.

    · Close below 1.2344, 38.2% of Sept bounce and 1.2351 21 DMA is bearish.

    · Momentum studies, 5 & 10 DMA's fall - next stop is 1.2271 50% Sept rise.

    According to the Analysis, pair is expected to find support at 1.2307 and a fall through could take it to the next support level of 1.2289. The pair is expected to find its first resistance at 1.2367 and a rise through could take it to the next resistance level of 1.2385.

    EUR USD

    EUR traded lower against USD and closed at 1.0921.

    CIBC Research discusses the USD outlook and the Fed rate call expectations. CIBC targets the USD index DXY at 98.9 by year-end and at 95.6 by Q2 of 20120.

    "We share the view of many FOMC speakers that rate cuts will be a bit shallower than markets anticipate, with the rate cuts in July and September to be followed by one more 25 bp ease in December, and then a pause," CIBC notes.

    "While US data has been a mixed bag, the economy has yet to have a quarter of growth below its non-inflationary potential. American consumers are in a healthy position based on an ample savings rate, low monthly financial obligations, and ongoing labor income growth. That underlying resilience, while not preventing a further slowing in growth, should be bullish for the dollar against overseas currencies in the very near-term, given the deeper risks to growth abroad (i.e. China and Europe), as well as uncertainty surrounding Brexit and trade, that will propel safe haven inflows in the greenback.

    Over a longer time horizon, an easing in the appetite for such flows should see DXY give back some of its strength. For that, we’ll need some fiscal stimulus in Europe to reduce its dependence on negative yields, and an easing in US-China trade tensions. Any reduction in the attractiveness of US assets as a safe haven serves to weaken the greenback, given America’s persistent current account deficit," CIBC adds.

    According to the Analysis, pair is expected to find support at 1.0911 and a fall through could take it to the next support level of 1.0898. The pair is expected to find its first resistance at 1.0955, and a rise through could take it to the next resistance level of 1.0968.

    For More information about the release time of news visit here: https://xtreamforex.com
     

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