Forex Analytics By ForexMart - page 3
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Technical Analysis for EUR/USD: January 21
The core Consumer Price Index increased by 0.9% y/y while the Euro zone monthly expansion rate continued to be invariable. We make a certain conclusion that the opposite nature of current statistics may expound the inability of the euro to show any activity. Moreover, traders are expecting for today's ECB meeting. The Euro zone have not issued any forecast except for the German producer price index which is at 0,5% versus the reported 0,4%.
The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance takes place at 1.0925 and at 1.1050 afterwards.
A buy signal is confirmed and sturdy. The price is on top of the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen shows a straight motion and the Kijun-sen reflects an ascending motion and form a "Golden Cross". The ascending motion will be until the price is on top of the Cloud.
The MACD indicator is in a positive area. The price is retrieving.
Trading recommendations
We think that the expansion will carry on now. The first target is at the level of 1.0925, and then 1.1050 and 1.1150 subsequently.
Technical Analysis for GBP/USD: January 22
The oil dynamics has totally a heavy impact on the world markets in the past years. We think that the GBP/USD is one of the pairs that experiences difficulty from the "black gold" reduction the most. An utterly excellent UK labor market statistic unsuccessfully handed out a rigid support to the Cable because of the strong pressure on the pound.
The first support occurs at 1.4160 and at 1.4080 subsequently. The first resistance takes place at 1.4240 and at 1.4320 subsequently.
A sturdy sell signal has been established. You can find the Sterling under the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen signifies a horizontal motion while the Kijun-sen reflects a descending motion. The descending motion will be until the price is beneath the Cloud.
The MACD indicator is in a negative location. The price is retrieving.
Trading recommendations
The pair can interrupt the resistance level of 1.4240, and if this happens, buyers may move to 1.4320.
Forecast for EUR/USD: January 25 - 31 The monetary policy remained the same by the ECB in line with assumptions. Concurrently, the ECB is all set to alleviate policy on the back of debilitating inflation and economic development according to Mario Draghi. He said that such action is viable already for the next meeting in March. The oil prices and the anticipations of the appearing economies will portray the vital role in the regulator's decision.
It seems that the ECB President has managed to convince his comrades from the Governing Council that supplementary measures are requisite due to the instability of global economic actuality. We received the corroboration that the ECB do not have the desire to allow EUR/USD head beyond 1.10.
We can not tell that all the support for the Euro has gone as there were still buyers at the support levels, even though the Euro was sold on Draghi's statement. Putting up the Euro for sale on its trial to regain is the best strategy for an extended time from now. Simultaneously, negative pressure on the Euro will probably strengthen at the coming week on the possible break in the market's objection of risk and separation in monetary policy in the midst of ECB and the Fed.
The decrease of EUR/USD beneath 1.0780 (lowest point of the daily Ichimoku Cloud) paves the way down to 1.0700 and 1.0650. Resistance is at 1.0950 and 1.1000.
Technical Analysis for USD/JPY: January 26 Last week. The S&P 500 (Standard & Poor's 500) index tried out the lowest levels of 2015 which we have seen a sturdy demand and the increase of price. As a funding currency, it has been a negative factor for Japanese yen the expanded demand for "risky assets". The US stock energy sector has been put through leaders due to the fleet oil quotations.
The first support occurs at 118.40 and at 117.80 subsequently. The first resistance stands at 119.20 and at 120.40.
A sturdy buy signal has been established. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. An ascending motion creating a "Golden Cross" is made by Tenkan-sen and Kijun-sen. The ascending movement will be until the price is over the Cloud.
The MACD indicator is in a negative area. The price is increasing.
The pair can head to the resistance level of 119.20. If this happens, a further growth towards 120.40 is possible.
Technical Analysis for EUR/USD: January 27
A negative factor for the solitary European currency was the downfall of the IFO indicator to its bottommost level for eleven (11) months. Its negative statistics stimulates the market as it is nearly connected with the German Gross Domestic Product dynamics. A constant displeasure felt by the traders is an aftermath of deceleration of the German economic development.
And also, take notice of the insurgence of negativity in the mechanical engineering and automotive industry primarily given by low exports.
The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance stands at 1.0925 and at 1.1050 subsequently.
A sturdy sell signal has been established. The price is under the Ichimoku Cloud and it is below the Chikou Span. The Kijun-sen is shows a horizontal motion while the Tenkan-sen is in descending motion. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative area. The price is declining.
The level under 1.0730 will signalize the sellers. The price may head to 1.0630 shortly. The barrier for the pair's growth is the level of 1.0925. If this happens, the EUR/USD pair could head up to 1.1050
Technical Analysis for USD/JPY: January 28
Though the desire for risk is soaring among investors, we should expect an expansion in USD/JPY pair. An indisputable quarterly records of US organizations put back growth on the market. Being the funding currency, the yen will be under pressure as the stock market and the increase in cross-rates specify carry trade locations growth. The US and Japanese government bonds divergent lucrativeness has lengthen as the debt market establishes the pair's ascending trend.
The initial support occurs at 118.40 and at 117.80 subsequently. The initial resistance stands at 119.20 and at 120.40 subsequently.
A sturdy buy signal has been established. The price is over the Ichimoku Cloud which is on top of the Chikou Span. Showing an ascending motion, a "Golden Cross" is being build by the Tenkan-sen and Kijun-sen. The ascending motion will be until the price is over the Cloud. The MACD indicator is in a positive area. The price is increasing.
Fundamental Analysis: January 29
The disorder in the financial market perturbed the US Federal Reserve. The report of the Fed did not affect the EUR/USD pair or even the other assets. The outcome of the Fed's two-day conference is continually assessed by the investors. The trades of the pair EUR/USD were stopped yesterday.
The Germany surmounted the initial inflation statistics whose development rate may expedite to 0.5% from 0.3%. The inflation dynamics of Germany is relatively good which causes the European Central Bank to be attentive to its quantitative easing program. The data occurs at the reported median. The EUR/USD signifies an increase by the end of the trades.
The reported number of Initial Jobless Claims was 282, 000 but it reached only 278,000. In spite of the fact that all clear signs of perennial unemployment growth are discerned which has a negative effect on the general unemployment volume, the labor market is stable. Moreover, the expected the rigid goods decreased by 0.6%, nevertheless, the decline was 5.1%.
The fourth quarter Gross Domestic Product of the UK was issued yesterday. As it was reported, the growth rate of the GDP for the first nine (9) months of 2015 was 2.27%. Take notice of the UK economy, wherein the first nine (9) months of 2014, the growth rate was 2.87% which shows its slowdown phase. The data occurs at the reported median. The GBP/USD pair signifies an increase by the end of the trades.
The currency pair USD/JPY is still in a tapered channel trading. Anyway, pressure on the yen is been building up as the Bank of Japan will declare the next simplification measures by the end of the two days conference. Japan forecasted the retail sales which reduced by 1.1% similarly in the relative period in 2014.
Technical Analysis for GBP/USD: February 1
In 2015, the Gross Domestic Product of UK heightened by 2.2%. The increase of the price may still proceed even though the economic deceleration is a negative factor for the currency as the pound was in a recovering stage to the descending trend.
We should not hope for a positive data as stated by the US Gross Domestic Product leading indicators. The deliverance went worse than it was expected as it goes 0,7% versus the reported 0,8%.
The initial support occurs at 1.4160 and at 1.4080 subsequently. The initial resistance stands at 1.4240 and at 1.4320 subsequently.
A weak and non-confirmed sell signal appears. The price is below the Ichimoku Cloud and it is beneath the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen shows a horizontal motion. The descending movement will be until the price is below the Cloud. The MACD indicator is in a positive location. The price is retrieving.
The ascending possible target are 1.4320 and 1.4400.
Fundamental Analysis: February 2
The stability of the US dollar cannot be weaken by the conflicting data of the USA. In the fourth quarter, the economy of the USA increased by 0.7% only versus the reported of +0.8% and the preceding value of 2.0%, according to the initial statistics. In the meantime, along with expectations at 1.2%, the direct consumption expenditures index increased. In the preceding value of 93.3, the Michigan consumer confidence index dropped to 92.0 in opposition of the reported 93.0. Generally, the economic scene is somewhat variegated. The previous Fed statements that the country's economy is in a slow phase made the market be ready for poor Gross Domestic Product data.
To some extent, the positive inflation deliverance of the January euro zone appeased the bears' intensity who attempts to be a future monetary policy easing in March by the ECB. The Institute for Supply Management (ISM), a manufacturing sector of US, has been anticipated to produce negative data. The index occurs at the level of 48.2 in opposition of the reported 48.1. The EUR/USD currency pair became stronger by the end of the trades.
As stated by the Central Bank of Iraq, the negative manufacturing orders balance dynamics indicated that the production sector Purchasing Managers Index forecast could be more weak than the consensus report. In any case, the data appeared better than the reported median 52.9 in opposition to 51.8. The GBP/USD pair strengthened intensely by the end of the trades.
For the first time of its history, the Bank of Japan published a negative interest rate which causes to be the primary newsmaker in the past week. AS stated by BOJ, the current rate will stay unless the regulator finds a sturdy inflation rate of 2% per annum. The USD/JPY pair somewhat reduced by the end of the trades.
Hi, I am a Professional Forex Fund Manager. If you are a Forex trader or willing to invest in Forex trading to gain profits up to 100-500% in 4 weeks, please check our trading results at: pipscutter.com E-mail:info@pipscutter.com You can leave your email address to us, and we will contact you to share detailed information about Forex. Thank you.