Daily Market Analysis by ForexMart

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Mon Nov 07, 2016 11:04 am

November 7, 2016 - UK Manufacturers Suspend Investment Plans in the Next Two Years

Political uncertainty causes the British manufacturers to be discouraged from spending. They are agitated that the economy will slow down next year that pushes back the investment plans of the companies. The survey of 600 companies showed an increase in polls from 54% in 2015 climbed to 60% this year while they intend to spend less or the same in the next two years.


Exports also boosted with the depreciation of pound as it become more contending in the market. Data has improved from March to August with high demand in Europe and United States however, the domestic outlook is not performing well. Experts see this as just the beginning and there will be more serious problems after Brexit negotiations have been settled.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Mon Nov 07, 2016 11:25 am

November 7, 2016
Japanese Yen Drops, Asian Stocks and Mexican Peso Surge Following FBI Statement on Clinton E-mails


The Mexican peso (MXN) garnered substantial gains, as well as US stock index futures and Asian equities after the FBI released a statement regarding Clinton’s e-mails, stating that there were no incriminating information present in Hillary’s e-mails. On the other hand, the Japanese yen and Swiss franc slightly decreased along with gold stocks. The Mexican peso, which has been recently touted as a barometer for the Trump campaign, reached its highest levels in four weeks while the MSCI Asia Pacific Index reverted significantly merely a few hours away from the US presidential election on Tuesday.


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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 5:02 am

USD/JPY Fundamental Analysis: November 8, 2016

The USD largely increased in value as compared to the JPY due to an increased in the demand for high-yield assets. This rally in the USD was mostly due to news that the FBI did not find any incriminating information in presidential candidate Hillary Clinton’s e-mails. Aside from a surge in high-yield assets, this news also led to rallies in the international stock market, and the demand for the US dollar surged after investors shifted from the safe haven currency. The USD/JPY pair closed down the previous session at 104.474 points after increasing by 1.37% or 1.411 points.

The USD/JPY is expected to continue its upward direction until Tuesday’s session since investors are expected to add up their bullish bets for a possible Clinton victory. Clinton currently has a 90% chance of winning the elections which is set to happen this coming Tuesday. Meanwhile, the JPY continues to reprise its role as a fund currency due to Japanese banks consistently offering low-level interest rates.

US Treasury yields also increased on Monday and this has helped augment the spread between Japan’s government bonds and the US 30-Year Bond, causing the USD to increase its investors. If the USD/JPY continues, then the next resistance target is expected to be at 105.526 points.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 5:49 am

GBP/USD Fundamental Analysis: November 8, 2016

The GBP/USD is currently one of the most active currency pairs as of yesterday’s trading session after it plummeted from 1.2500 and settled below 1.2400 points after the most recent news regarding the FBI probe of presidential candidate Hillary Clinton’s e-mails. The GBP/USD is expected to further increase its volatility during today’s session up until the following days especially in the light of the upcoming US presidential elections.

If Clinton manages to win the elections, then could push the USD farther up the positive range and cause the pair to go lower, possibly even crossing below the 1.2300 range. This is highly possible since the sterling pound is not only the most volatile currency as of this writing, but it is currently among the weakest due to complications in the Brexit strategies of the UK government. The ongoing discussions regarding Article 50 might induce more risks and could make the sterling weaker as the discussions progress.

The UK Manufacturing Data is expected to be released during the European trading session, and this is expected to give traders a clearer notion of how the UK manages its Brexit complications. However, the entirety of the market is now monitoring the results of the US elections, and the USD is expected to become more volatile in the coming hours.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 8:47 am

NZD/USD Technical Analysis: November 8, 2016


The kiwi hovered below the pressured area versus the US dollar since the FBI announced that the candidate of the Democratic Party, Hillary clinton was found ‘not guilty’ regarding the use of an illicit server during her term as the US Secretary.

The NZDUSD trade flat around a tight range yesterday. Buyers failed to stimulate the pair to a higher region, seeing the rising impetus to soften and shifted over a disadvantageous district. The NZ dollar is trading in the middle of the pair’s resistance and support at present.

As shown in the 1-hour chart, the 50-EMA placed a firmer support for the price while the NZD break the movement and plunged over. Moreover, the 50-EMA shifted to a neutral stance, the 100 and 200 EMAs established an ascending manner. Resistance is found at the 0.7350 level, support is seen at 0.7300 region. MACD subside which indicates a delicate position against the buyers. RSI settled in the overbought condition and further descended.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 9:15 am

EUR/USD Fundamental Analysis: November 8, 2016

The market is keen and waiting for the U.S. presidential election on November 8 afternoon time in USA. The polls shown a tight competition between the candidates. Traders learned from Brexit that it is much safer to be on standby and wait for the results that is why there is less volatility yesterday until this day. This day determines the short term trend for various instruments which is being anticipated by market players.

Yesterday was bearish for the pair as the U.S. Dollars strengthened with traders aspiring Clinton to win. It posited at 1.1050 and 1.1031 physiological levels. Volatility is expected for the day with the bearish trend to continue as the election closes by. The financial market is positioning with Clinton winning as this is what they want which is expected to further strengthen the U.S. Dollars once the results are out. However if the Republican candidate Donald Trump wins the election, this is not what is expected that may cause a short-term turmoil in the market.

There are no other major economic news to be released neither from the Euro region nor on the U.S.A today. Everyone is looking forward for the election which is the focus for the past weeks bringing volatility today and tomorrow. It is presumed for other data to come out after the election results are out. It is advisable for traders to be keen in their positions with tight stop losses.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 10:28 am

November 8, 2016 - U.K. Public Expenditures are Expected to Slump £25bn on 2020
The weak economic growth would result to lower tax returns with increase in debts by £25bn predicted on 2019 to 2020 despite the cut rate has been successfully executed. The Chancellor of the Exchequer, Philip Hammond, said that he will focus to expend on new houses and mass transportation instead of concentrating on balancing the books by 2020.
The Institute for Fiscal Studies have two resolutions: to reduce taxes by increase spending to boost the economy and to set new fiscal targets. Various companies has lowered their growth forecast and increased their inflation targets since Brexit. There are still risks on hand with the uncertainty of the reaction in the economy and the direction of policies as described by the Organisation for Economic Co-operation and Development.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 10:35 am

November 8, 2016

Germany Factory Orders plummeted in the month of September

According to the Federal Statistical Office of Germany, there is a sudden downturn in the manufacturing orders in Germany subsequent on its two successive months of gains. The decline is the result of the loss of demand that comes from the countries within the eurozone. The estimated cutback is 0.6% mom during September, though expectations amounted to 0.3% while in August there is 0.9% of increase.

Orders from Germany had 1.1% drop and other Eurozone countries experienced 4.5% decrease. Meanwhile, third countries or states outside the euro area accomplished 2.5% increase.

The German industry expects that it would be much difficult for the commerce to recover considering the fact that average monthly increase of factory orders is 0.1% only.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 08, 2016 10:46 am

November 8, 2016
Oil Prices Surge after a Week-Long Slump as FBI Statement Increases Chances of Clinton Victory


Oil prices was able to experience a boost after seven days’ worth of falling oil prices due to widening market rally after the FBI statement on Clinton’s e-mails, cementing a large percentage of a Clinton victory in the upcoming US elections. Futures also bounced back after a week of disappointing prices, while global equity prices also increased and the USD regained its strength and is now ahead of other major currencies. The OPEC has also stated that it is currently in talks with Russia with regards to limiting the production of crude oil as a means to help the market regain its balance.



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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 7:00 am

GBP/USD Fundamental Analysis: November 9, 2016

The international market has initially predicted an easy win for Democratic candidate Hillary Clinton, with predictions gunning up to 90% for a Clinton victory. However, come election day, this certainly was not the case, as Republican candidate Donald Trump is currently leading the polls by a significant margin and is taking the lead in key states such as Florida and Michigan. The GBP/USD pair initially traded at the 1.2350 due to anticipations of a Clinton victory, but was immediately shaken by an unexpected Trump lead, causing the USD to go over 160 pips, prompting the US dollar to start losing its strength. The USD is currently resting at the 1.2500 trading range, with the market currently consolidating and is bracing itself for a possible Trump victory.

With the present state of the US elections, a Clinton victory could still be debatable especially due to Trump leading most of the votes. The GBP/USD pair is expected to be significantly volatile in the coming hours leading to the close of the US presidential elections.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 8:16 am

EUR/USD Fundamental Analysis: November 9, 2016

The EUR/USD pair decreased in value and went below 1.1000 as the USD strengthened due to initial market predictions of a Clinton victory in the US elections. However, Trump has eventually caught up and is now leading the presidential race, with Trump possibly taking Florida, one of the key states for this election.

This unexpected unraveling in the elections has caught the market unawares, causing the EUR/USD to go over 1.1100 and is currently resting within the 1.1150 range. The currency pair has now increased by over 160 pips over the last two hours of trading due to the unexpected turn of events in the US elections. Generally, the market is not in favor of Trump becoming the president, but the majority of US citizens seem to think otherwise.

Analysts are expecting that if a Hillary victory ensues, then its effect on the market would be somewhat muted since a Clinton victory is what the market expects. However, if the coin flips and Trump comes out as the winner, then its effect on the market in general would be much more adverse and much more violent and could possibly cause a significant increase in market volatility.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 9:09 am

USD/JPY Technical Analysis: November 9, 2016

The Bank of Japan’s Financial Minister has said that the central bank will be reacting to market movements once the US election results come out, especially if the results would cause the JPY to increase in value. The USD/JPY pair traded within the intraweek trading region for the first half of the Tuesday trading session. The market has remarkably sustained its balance in spite of the absence of market movers, especially if the election results would induce an added strength to the Japanese yen.

The USD/JPY pair traded within its intraweek trading range for the first half of the Tuesday trading session, with the market remarkably maintaining its balance in the absence of market movers. The pair is now trading within the 104.30-104.50 due to buyers consolidating their profits. The bulls reverted back to their bids at the 104.50 region prior to the North American session, with the pair steadily approaching 105.00 after managing to break through its level prices. The pair’s pricing has since then moved from the 50, 100, and 200 EMAs in the USD/JPY 4-hour chart. Resistance levels for the pair can be found at 105.00, while support levels are expected to be at 104.50.

If the pair continuously experiences an upward pressure, then the pair is expected to hit resistance levels at 105.00. This could then cause the pair to hit new highs at 105.50.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 9:25 am

GBP/USD Technical Analysis: November 9, 2016


The British pound demonstrated a mixed trades as of yesterday. On Tuesday morning, the sterling increased along with the better-than-expected data of the Manufacturing Production while softened in the midday due to a breakthrough of the greenbacks.

Still and all, the pound stayed in the pressured area yesterday as it continually traded in a tight range. The pair further attempted to make a better turn amid the Asian flat. The price made an immediate reversal which started from the 1.2400 level and transferred to the mark of 1.2436 where the bullish spike run-down, hence the GBP marginally curtailed.

The pair had buildup a selling pressure before the opening of the New York session and ploy under the 1.2400 level.

As it was indicated in the 4-hour chart, the price tried to enter the neutral stance of 200-EMA, however, gains are limited. Failure is already expected, sending it to the downside of the market. The 50-EMA crossover the 100-EMA in the same trading chart which both MA run after the neutral lines. Resistance is situated at 1.2400, support is fixed at 1.2300. MACD grew less and indicated weak position for buyers. RSI consolidated around the positive area.

GBP/USD is expected to maintain a negative scope and a close below 1.2400 have the possibility to prompt losses into the 1.2300.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 9:44 am

EUR/USD Technical Analysis: November 9, 2016


The EUR/USD bolstered on the back of the U.S Presidential Elections. The pair were able to steer clear on the effects of the decline in the German Factory Orders. Meanwhile, markets preserve its recent position while waiting for the election results.
On the other hand, the hope for strengthening the euro abated due to a weak result of the trade’s daily closing on Tuesday. The pair is placed below the pressured area and continues to trade around its weekly low since yesterday.
Traders attempted to reach an upward momentum amid the post-European open, even a short consolidation appeared in Asian trading session. While the pursuit to reacquire the 1.1050 region were unsuccessful, the price penetrated the said level but retreated downwards once more.
According to in the 4-hour chart. the 200-EMA is found at the 1.1050 resistance level which helped the common currency to struggle for an improvement. Moving averages established a neutral stance in the same hourly chart. Current resistance settled at 1.1050, support lied at 1.1000.
MACD indicator leans at the centerline. When the histogram arrived in the negative zone, it would indicate additional growth for seller’s position. While the positive territory would give buyers a chance to dominate the market. RSI is neutral.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 9:58 am

USD/CAD Technical Analysis: November 9, 2011



Even after the recovery of petroleum prices, the loonie had declined while greens further bolster. The neutral points that occurred last week remained intact till now. Yesterday, the price is trading in a tight range in the middle of 1.3360 - 1.3400 levels.

The USD/CAD further decrease as it entered towards the lower range end, at the same time trying to break the 50-EMA lower during the trades on Tuesday.

Moreover, the U.S and Canadian dollar tested the 50-EMA where it encountered a stronger support for the price indicated on the 4-hour chart.

Moving averages keep moving with a bullish trend as it was also specified on the same timeframe. Resistance marked the 1.3400 level, support is located at 1.3300 region. MACD histogram subsided which implied growing strength for the sellers. RSI headed southwards and that affirmed a downward direction.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 10:03 am

NZD/USD Technical Analysis: November 9, 2016
The New Zealand dollar is reached lower than the key resistance level at 7380 with merging of the results of the U.S. Presidential Elections and the Reserve Bank of New Zealand (RBNZ) interest rate decision tomorrow. It is actively traded within the said level with a chance for a sudden surface bias with the price low. The Interim support sustains at 7292/95 with strong support at 7214/18 and moved past targets of 7450 and 7430 levels.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 10:06 am

AUD/USD Fundamental Analysis: November 9, 2016

Aussie is dropping as market is reacting to the U.S Presidential election and the downhill of major U.S. indices such as Dow Jones Industrial Average futures contract, E-mini S&P 500 index and E-mini NASDAQ-100 futures declined by 3.71%, 4.50% and 4.57% respectively.

The U.S Presidential election is shaking the financial market with Republican candidate Donald Trump leading the match against the Democrat candidate Hilary Clinton.On early Wednesday, there has been a surge in demand for safe haven assets while the risky assets plummeted which is expected because of the election.

If Hilary Clinton wins the election, the pair AUD/USD would recover to highs but this is still fifty-fifty with U.S. having divided sides. Thus, the financial market is disrupted with this election.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 10:38 am

November 9, 2016

Financial Markets Gunning for Biggest Moves Post-Brexit

The international financial market has been experiencing its biggest and most volatile movements ever since the Brexit referendum was released on June 2016 due to an unprecedented Trump victory in the US elections. Gold stocks have increased significantly and has now posted its biggest movement since Brexit, while 10-year US Treasury yields have weakened by up to 20 points, its biggest reversion since June. Meanwhile, S&P 500 futures decreased by more than 3% and VIX futures increased by a total of 4%.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 11:10 am

November 9, 2016

U.S elections brought damages to the state according to foreign policy experts

An interview conducted by CNBC with the President of Eurasia Group, Ian Bremmer stated that even the election has ended, the damages can still be felt in the United States because the country’s international allies worries about global trade agreements. Even after the vote casting, allies would struggle and lack confidence. This caused other countries to doubt the businesses in the United States, regardless who among Trump or Clinton will acquire the victory.

Bremmer further stated his predicted outcome about the tendency that the power in the Middle East more likely will be given to Iran, Israel, Saudi Arabia and Turkey. While in Europe, the issue regarding Brexit will become more vague and undetermined as it will endure longer process. On the other hand, in the Asian continent, China is expected to fill the demand vacuum since it has the capacity to expand worldwide as well as to globally invest to infrastructure assets.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 09, 2016 11:20 am

November 9, 2016

Old India 500 and 1000 Banknotes are to be Replaced

All 500 and 1,000 rupee bills are to be removed from the financial system on Tuesday overnight according to Indian Prime Minister, Narendra Modi. Banks will be closed on Wednesday including ATM machines.

This is unexpected and people are rushing to have a cash in hand in smaller denominations like 100 rupees for the succeeding days to come. It has been announced that they can exchange their old bills within the next 50 days or else is no longer valid.

This move is an attempt to put an end to poverty by eradicating corruption especially those labeled as “black money” that were acquired through corruption or tax evasion. Finance secretary Shaktikant Das cautions people that the government will keep track those who are stacking bulk of money when they exchange the old bill to new ones.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 10, 2016 5:40 am


NZD/USD Technical Analysis: November 10, 2016


The NZD/USD pair experienced remarkable volatility during the start of the Asian trading session on Thursday which was mostly due to a reversion of a post-RBNZ drop in an attempt to regain the pair’s hold on the 0.73 region. The NZD/USD pair has presently increased its value by +0.15% to trade at 0.7290 points after posting its daily session lows at 0.7272 after the RBNZ’s movement. The NZD immediately faded following the RBNZ statement with regards to its decision on rate cuts, especially since comments from the central bank has put increased pressure on the pair. RBNZ has decided to cut back its cash rates by up to 1.75% to 25 bps, increasing more opportunities for easing in the weeks to come.


However, the currency pair was immediately pushed back by bulls as they regained momentum due to an expected major reversion in the prices of commodities since the market seems to be increasingly positive on Trump’s proposed reforms. The NZD/USD has also received additional backing from a correction in the USD. as well as with the release of the US jobless claims data and comments from Fed later in the North American trading session.


Resistance levels for the NZD/USD pair is expected to be at 0.7301, and could possibly go further up to 0.7350 and 0.7372. On the other hand, the pair’s support levels are expected to be at 0.7300 and could go even lower at 0.7260 and could test the 0.7223 level.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 10, 2016 6:01 am

USD/JPY Fundamental Analysis: November 10, 2016


The USD experienced a sharp surge against the JPY during Wednesday’s trading session as a result of positive investor reaction to Donald Trump’s shock victory in the US presidential elections. High-risk assets went lower during the start of the session, causing a number of investors to immediately move their funds into the safe haven currency JPY. This has then caused the USD/JPY to drop in its lowest levels for this October at 101.179 points. However, the pair eventually bounced back strongly after US equities were able to regain all their previous losses and closed down the previous session on a highly positive note.


The international equities market is still expected to experience a number of backlashes as the market unwillingly adjusts to this unprecedented Trump victory. Investors in the USD/JPY pair are also advised to prepare in the face of added volatility. The USD/JPY pair is expected to rally along with stocks if stocks continue to increase, but if stocks manage to drop then investors are expected to find refuge in the Japanese yen.


The Federal Open Market Committee (FOMC) is also expected to release a statement soon with regards to addressing concerns regarding the decreased possibility of a Fed rate hike, as well as highlight steps on how the central bank plans to address this sudden increase in market volatility. Market volatility is expected to last for a few more days until investors are able to follow the basic fundamentals.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 10, 2016 6:31 am

EUR/USD Fundamental Analysis: November 10, 2016


A day before the US presidential elections, the market exhibited little activity as market players expected a Clinton victory, with the EUR/USD pair going below the 1.1000 range due to an added strength in the USD. However, as Republican candidate Donald Trump slowly pulled off an unforeseen victory, the market panicked, with investors and traders at a loss on what to do with all the market confusion. Upon the advent of a Trump victory, the EUR/USD surged by up to 300 pips, however as the London trading session closed down and a Trump victory was slowly becoming a reality, the USD increased its strength and the EUR/USD started plummeting.


Aside from the fact that Donald Trump lacks political experience, the market is still in a state of confusion due to uncertainties with regards to his political plans. Trump’s victory has also greatly decreased the possibility of a Fed rate hike in December, especially since Trump has been an open critic of the Federal Reserve even during the start of the campaign period. The probability of a hike rate was up by 80% prior to the elections, but is now down to less than 50%, with majority of market players already expecting the rate hike’s cancellation.


The market’s general outlook is on the volatile side, and analysts are expecting the increased activity to continue for a day or two before finally settling down. Traders can opt to become spectators or risk buying the EUR/USD at strong support levels.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 10, 2016 6:46 am

EUR/USD Technical Analysis: November 10, 2016


As of now, there are no major economic releases in Europe which means there is no news about market movements. Moreover, the pair was deeply moved by external factors. The victory of Trump yesterday upset the dollar and cause it to decline.

The EUR/USD strengthened last night as it attained its highest level on the 8th of September. The pair was able to surpass other levels as it moved upward to the 1.1300 region. Subsequent to the testing of level, prices yielded its fresh highs and tried to withdraw resulting for a fall into the opening price.

The euro and dollar obtained the 1.1050 in the opening of post-European and consolidated its gains. The price pushed the 1.1050 level and draw additional losses at the 1.0950 amid the North American trading session. Moving averages developed through the neutral stance in the 4-hour chart. Resistance filled the 1.1100 region, support stayed at 1.1050 level. The MACD histogram weakens indicating sell signal. RSI kept intact in the neutral condition.

The dollar is expected to remain in the pressured area while the lower level has the tendency to lure buyer’s interest. The goal is set at the mark of 1.1100. The next level is supposed to see at 1.1150.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 10, 2016 8:28 am

AUD/USD Technical Analysis: November 10, 2016


The weak result of Australia Consumer Confidence did not influence the AUDUSD. On the other hand, the mixed economic data from China and Trump’s victory affected the USD. The pair further demonstrated a strong sell-off during the Asian trading hours yesterday.


The Aussie and greens had a downturn on its fresh low after stimulating monthly highs and it fell at 0.7570. The pair was blocked at 0.7570 causing it to bounce upwards promptly after the level testing. It also preserves its bid tone during the NY session and struggled towards 0.7675.

According to the 4-hour chart, the moving averages are neutral. Resistance is found at 0.7675, support comes in at 0.7650. MACD grew lesser which produced weak position for the buyers. RSI plunged into the oversold zone.


There are assumptions about AUD to hover in the red zone for short-term only. In case that it broke the seller's support, it will move the price to the 0.7625 region.

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