Weekly Report:EUR USD Technical Analysis 30 | EUR USD Forecast - Daily:news.fxbase
eurusd forecast dec05
Wednesday EURUSD market Started from 1.30940. After some hours we got an uptrend and the uptrend is still continuing. Currently market is at the position of 1.31192.
So as usual today the market will move down slightly based upon the uptrend movements.
Pivot Point Details:
This is the pivot point values for today’s EURUSD. Market started from open point-1.30940 and after some hours it tried to reach the Resistance level of R1-1.3119 and
And It can expect Resistance R2-1.3145 and also Support level S1-1.3056.
CCI Values:
Today morning market opened time CCI values was in the position of +39.70 After some hours it touched +173.30(see Fig). So market is so good for buyers at morning time.
And also here we got a overbought trend so it will continue to upcoming few hours also .so market to day so good for buyers.
But It’s also can get a total down trend might be due to the reason weekly analysis ways
In CCI we can expect sell trend more today.
News Details:
Our markets watch team has given the detail about Today’s news Analysis.
FXBase Market analysis team says,
”
Retail Sales (MoM) 10:00(GMT) EUR Medium Impact
The retail sales index is the measurement of all goods sold by the retailers. It was usually published monthly in the middle of the month just after the markets open. It was published by the US Census Bureau. Changes in the retail sales are to be considered as an indicator of consumer spending.
The forecasted value is -0.1% if the actual value is greater than the forecasted value EUR can moves in the uptrend, otherwise it can moves in the downtrend.
This time market can get as usual trend change .
ADP Nonfarm Employment Change 13:15(GMT) USD High Impact
This is must give a good positive or negative movement in EURUSD side.so all traders use this session .
The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile.
The forecasted value is 125K if the actual value is greater than forecasted value USD can moves in the uptrend, otherwise it moves in the downtrend.
Nonfarm Productivity(QoQ) 13:30(GMT) USD Medium Impact
Nonfarm Productivity measures the annualized change in labor efficiency when producing goods and services, excluding the farming industry. Productivity and labor-related inflation are directly linked-a drop in a worker’s productivity is equivalent to a rise in their wage.
The Forecasted value is 2.7% if the actual value is greater than actual value means USD can moves in the uptrend, otherwise it moves in the downtrend.”
So the final report is that the market will reach R1 - 1.3119 soon
& P- 1.3082.
how is this info friends ?
how is this info friends ,is it useful
Pivot points values for eurusd decemeber 07
Hai this is EURUSD pivot point details For December 07.12.12.
Use this for your good trade friends .
Thank you
R3 R2 R1 pivot S1 S2 S3
1.3189 1.3138 1.3052 1.3001 1.2915 1.2864 1.2778
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EURUSD daily Technical analysis November -30:news.fxbase
Friday EURUSD market Started from 1.29800. After some hours we got an uptrend. We can expect some changes in the uptrend due to ECB news release. So we can see positive or negative movements in EURUSD more today.
Yesterday Market got a good buy level. The news releases made the market to go up which may continue today also.
After ECB news we can get some opposite movement from this stage.
Pivot Point Details:
This is the pivot point values for today EURUSD.Market started from Pivot level
P-1.2976 and It can expect Resistance R1-1.3015 and also Support level S1-1.2940. After ECB news announcement we can expect R2 -1.3051 and S2-1.2901 also.
CCI Values:
Today morning market opened time CCI values was in the position of -21.954. After some hours it touched +100.00 (see Fig). So market is so good for buyers at morning time.
And also yesterday market was very good for buyers because of news announcements.
But today it will go down trend side and after ECB news announcement it can get a Short term.
In CCI we can expect sell trend today.
News Details:
Our markets watch team has given the detail about Today’s news Analysis.
FXBase Market analysis team says,
”
We have ECB speech today. So by that time we can get a positive or negative changes.
ECB President Draghi Speaks 8:00(GMT) EUR High Impact news
The European Central Bank is the central bank for euro area which has adopted the euro. One of ECB’s important tasks is to set and implement European Monetary policy. This includes the use of the interest rate tool. The main objective of ECB is price stability or an inflation level of maximum 2% for the euro zone. The ECB offers banks the facility to borrow money from it.
Today in his speech he says about which controls the short-term interest rate and also he has more influence over the EUR value than any other person. If his comments agree the short-term interest rate the EUR can move in uptrend, otherwise it moves in downtrend.
So short term traders use this to earn more Take Profit. It is good For Short term traders sure.
Also we have some low level news announcements today .They are listed below.
French Consumer Spending (MOM) 7:45(GMT) EUR Medium impact news
French Consumer Spending is used to measure the changes in the inflation-adjusted value of all goods expenditures by consumers. The Forecasted value is -0.1% if the actual value is greater than forecasted value the EUR can move in the uptrend, otherwise it moves in downtrend.
Unemployment Rate 10:00 (GMT) EUR Medium impact news
Unemployment rate is used to measure the percentage of total labor force that is unemployed but actively seeking employment and willing to work. The unemployment rate is considered a lagging indicator confirming but not foreshadowing for long-term market trends.
The forecasted value is 11.7% if the actual value is greater than forecasted value means the EUR can move in the downtrend, otherwise it moves in the uptrend.
CPI (YOY) 10:00 (GMT) EUR Medium impact news
Consumer Price Index (CPI) is used to measure the changes in the price of goods and services from the views of the consumer. It is a key way to measure changes in purchasing trends and inflation. The forecasted value is 2.4% is the actual value is greater than forecasted value means EUR can move in the uptrend, otherwise it moves in downtrend.
Core PCE Price Index (MOM) 13:30 (GMT) USD Medium impact news
The Core Personal Consumption spending (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. The forecasted value is 0.2% the actual value is greater than forecasted value means USD can move in the uptrend, otherwise it moves in downtrend.
Chicago PMI 14:45 (GMT) USD Medium impact news
The Chicago Purchasing Managers' Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction.
”
So the final report is that the market will reach R1 - 1.3015
soon
& P- 1.2976 again also
in uptrend side today and also in downtrend side we can expect the market to cross Support level of S1- 1.2940 after ECB announcement
sure.