NewForex ? Technical analysis and Forex news (daily) - page 3

 

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues to move along the ascending channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to buy at 132.96. It is reasonable to take profit at 134.51. The appropriate level of stop loss is at 132.48.

NewForex Analyst

Michael Butnitsky

Forex News from NewForex: Technical analysis of USD/CHF

USD/CHF continues to move along the descending channel. Yesterday the price breached the support level and edged up. On this basis, the analysts of NewForex suggest to buy from the level of 0,9663. The target price is at 0,9860. And the stop loss level is at 0,9585.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Fundamental analysis of American currency

Today the most significant economic news affecting the Forex market quotes, is publishing of data on the real estate sale in the primary market of the United States. If positive statistics are released, it will mean the readiness of citizens to spend considerable sums to purchase of the real estate, which proves their confidence in economic situation. This year new build sales increased by 31% and verged to 654.000 houses a year. This is a good indicator. It is possible to estimate in such conditions both the growth of incomes, and the GDP increase in the United States. NewForex analysts believe that this fact will push the Fed to increase interest rates in the current year. Most likely it will happen after the presidential elections at the meeting on December 14. Taking into account that financial markets consider not only the facts but also rumors and expectations, we can assume that the decision on the intermediate-term selling of EUR/USD can be made today. The data on actual sales result of houses will be published in the afternoon. According to our forecast, we will see the better statistics than expected. Considering this, we advise to sell the pair EUR/USD.

NewForex Analyst

Joseph Schwartz

 

Forex News from NewForex: Technical analysis of gold price

This trading week, gold left the previously formed "triangle" with the downtrend. This gives us the right to believe that the movement will continue. In this regard, Newforex analysts suggest to sell from 1306.72. The reasonable target price is at 1219.70. The level of stop loss is at 1338.91.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: technical analysis of AUD/USD

The AUD/USD is approaching to the resistance level at 0.7639. When the price breaches this level, it will be appropriate to buy at 0.7647. The target price is at 0.7700. The level of stop loss is at 0.7628.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: fundamental news from US

The FOMC meeting in September will be held less than in a month. Next week the market will get a large block of macroeconomic statistics that can considerably affect expectations about the next actions of the regulator. First of all, two interesting events are expected next week: the publication of U.S. GDP data for the second quarter and the speech of Federal Reserve Chair Janet Yellen at the annual symposium in Jackson Hole. Investors should be careful, because the attention on Yellen?s speech may cause increase in the volatility of the market.

NewForex Analyst

David Fineberg

 

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues to move along the channel. In this regard, we can suppose that the price will move in the indicated range for some time. In this regard. NewForex analysts advise to sell from the level of 134.20. The target price is seen at 136.25. The level of stop loss stands at 133.60.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of EUR/USD

EUR/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 1.1163. The target price level stands at 1.1018. The level of stop loss is seen at 1.1244.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of gold price

The price of gold continues to tumble for the second straight week. This gives us the reason to believe that gold made a trend reversal towards the decrease in prices. This means that it will continue to edge down in the mid-term. In this regard, NewForex analysts suggest to sell from the level of 1309.86. The target price is seen at 1211.05. The level of stop loss stands at 1338.91.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Negative data on the British currency

NewForex analysts suggest to enter today into a short position on GBP/USD. First, there is a reason to expect good data on the private consumption expenditures in the US in July. This index has a strong impact on the currency market. It will strengthen the American currency, which will decrease the dollar in its turn. Second, the credit markets give us a clear signal on the decline. The fact that the yield of the UK ten years government bonds tumbles against its counterparts in the United States.This increases the demand for the American currency. And this fact leads GBP/USD to decrease.

NewForex Analyst

Michael Butnitsky

 

Новости Форекс от NewForex: технический анализ пары AUD/USD

Пара AUD/USD продолжает снижаться. Следующее сопротивление находится значительно ниже текущего уровня цен. В этой связи, аналитики компании NewForex рекомендуют открвывать сделки на продажу от уровня 0,7564. Целью стоит установить уровень цены 0,7488. Ограничение убытка на уровне 0,7587

Аналитик компании NewForex

Джозеф Шварц

Forex News from NewForex: технический анализ пары EUR/USD

Пара EUR/USD продолжает снижаться. Следующее сопротивление находится на значительном расстоянии от текущего уровня цен. В этой связи, аналитики компании NewForex рекомендуют открывать сделки на продажу от уровня 1,1153. Целью стоит установить уровень цены 1,1079. Ограничение убытка на уровне 1,1201

Аналитик компании NewForex

Давид Файнберг

Новости Форекс от NewForex: Технический анализ пары USD/CAD

Пара USD/CAD приближается к уровню сопротивления 1,3030. Если цена пробъет его, то будет оправдан вход в сделку на покупку от уровня 1,3055. Целью, в таком случае, будет выступать уровень цены 1,3144, а ограничить убытки лучше на уровне 1,2987.

Аналитик компании NewForex

Аарон Кауфман

 

Forex News from NewForex: technical analysis AUD/USD

AUD/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 0,7564. The target price level stands at 0,7488. The level of stop loss is seen at 0,7587.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: technical analysis of EUR/USD

EUR/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 1,1154. The target price level stands at 1,079. The level of stop loss is seen at 1,1201.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/CAD

USD/CAD is approaching to the resistance level at 1,3030. When the price breaches this level, it will be appropriate to buy at 0.1,3055 The target price is at 1,3144. The level of stop loss is at 1.2987

NewForex Analyst

Aaron Kaufmann

 

Forex News from NewForex: Technical analysis of EUR/USD

During last week we observed a decrease in quotations of the pair EUR/USD. There are reasons to suppose that the decline will continue. Using this fact, NewForex analysts suggest to sell from the level of 1.1150. The target price level stands at 1.1070. The level of stop loss is seen at 1.1179.

NewForex Analyst

Luigi Campo

Forex News from NewForex: Technical analysis of USD/RUB

Amid falling of oil prices, the ruble weakened against the dollar. Using this fact, NewForex analysts suggest to buy from the level of 65.2000. The target price level stands at 66.6430. The level of stop loss is seen at 64.4458.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of EUR/GBP

After a long-term increase, price of the pair EUR/GBP started to fall. Using this fact, NewForex analysts suggest to sell from the level of 0.8474. The target price level stands at 0.8324. The level of stop loss is seen at 0.8547.

NewForex Analyst

Michael Butnitsky

Forex News from NewForex: Oil shortage on world markets is not observed

Oil traded positively during the Asian session. However, it is too early to say about a trend change. According to news agencies, the U.S. oil reserves gained last week again. According to Platts inquiry, the growth of oil reserves to 0.6 million barrels in the market is expected. Iraq increases production, but Saudi Arabia actually denied previous statements on the freezing of production. Perhaps the problem is in the position of Iran, which carefully insists that partners in OPEC should respect the aspiration of Teheran to regain market share. It should be noted that the previous agreements between the government of Nigeria and rebels, at the moment are observed. This gives a reason to consider the growth of crude oil exports from the country. Libya also shows a positive progress in the regulation of internal differences, which also provides an opportunity to stabilize the process of unlocking the marine terminals. The stoppage of these objects was one of the main reasons for the decline of daily oil production in the country. All these factors indicate that the potential for prices growth is not observed yet.

NewForex Analyst

Joseph Schwartz

 

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 102.88. It is reasonable to take profit at 100.57. The appropriate level of stop loss stands at 103,90.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/CHF

USD/CHF moving through the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to sell at 0,9800. It is reasonable to take profit at 0,9574. The appropriate level of stop loss is at 0,9905.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues to move along the ascending channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to buy at 136.10. It is reasonable to take profit at 137.31. The appropriate level of stop loss is at 135.10.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Fundamental analysis of canadian currency

Canada's economy was in a difficult situation up to the present time. Regular decrease of quarterly GDP, led eventually to worse indicators over the last 7 years. The disruptions in production and export of oil as a result of the forest fires were the reason of this. Although this year the analysts admit a renewal of the situation. Over the past year, GDP edged down to 1.6%. This rate was higher than the market expectations. But economists were pleased with data published on Wednesday. It indicated that since June the economy resumed growth. (+0.6% for the second quarter). The Bank of Canada expects a continuation of growth in GDP in the third quarter. All of this can be considered as a positive aspect for the Canadian dollar and its strengthening can be expected.

NewForex Analyst

Sara Rosenstein

 

Forex News from NewForex: Technical analysis of USD/CAD

USD/CAD continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 1.3060. It is reasonable to take profit at 1.2880. The appropriate level of stop loss stands at 1.3150.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a ?triangle? in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.32. It is reasonable to take profit at 100.15. The appropriate level of stop loss is seen at 104.05.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Technical analysis of EUR/USD

EUR/USD reached the resistance level. The next resistance is significantly above than the present price level. In this regard, NewForex analysts suggest to buy from the level of 1.1215. The target price level stands at 1.1275. The level of stop loss is seen at 1.1186.

NewForex Analyst

Michael Butnitsky

Market is waiting for the employment data from the United States

Today the attention of all the players in the Forex market will focus on the release of employment data from the United States. Representatives from Bloomberg announce the growth in the number of jobs to 175 000 in August. On this basis, the unemployment rate in the States will reach 4.8%, which is 0.1% less than in the last month. Likely range of published data is from 125000 to 220,000 jobs. Recall that in July the number of new jobs reached the level of 255000. Proceeding from the forecast and considering the upcoming news, one can make a decision of entering a trade.

NewForex Analyst

Luigi Campo

 

Forex News from NewForex: Technical analysis of USDCHF

USD/CHF continues moving along the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to sell at 0.9760. It is reasonable to take profit at 0.9575. The appropriate level of stop loss stands at 0.9890.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a ?triangle? in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.32. It is reasonable to take profit at 100.15. The appropriate level of stop loss is seen at 104.05.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 137.84. It is reasonable to take profit at 137.04 The appropriate level of stop loss stands at 138.40.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: OPEC made a new oil production record

In August, the volume of OPEC crude oil production rose by 40 thousand barrels compared to the past month. This is the highest rate of growth in recent months. Overall oil production by OPEC countries during the reporting period amounted to 33.5 million barrels per day. Production increased in Iraq, Kuwait, Saudi Arabia and the UAE. Official data from OPEC on the volume of produced oil will be published on 12 September. If demand does not rise along with the increase of production, then we will see a reduction in the cost of oil on world markets. It turns out that the talking about a termination of production volumes increase do not have any sense.It is unlikely that countries will come to agreement. Although it is possible that they did not set themselves such a task. Given these facts, NewForex analysts can predict a decline in the cost of crude oil in the medium term.

NewForex Analyst

Sara Rosenstein

 

Forex News from NewForex: Technical analysis of XAU/USD

Over the past week gold showed significant growth, and currently tests level 1325, the resistance level stands as the beginning of the quotations tumble. However, one can not expect a complete decline as the local minimum area haven?t been breached yet. Thus, the forecast of gold prices for today implies an attempt of testing the level 1310, where the beginning of the gold prices increase above the level 1340 should be expected. The breaching of area below the level 1301 will become the cancellation of the scenario of XAU/USD quotations growth.

NewForex Analyst

Michael Butnitsky

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a ?triangle? in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.73. It is reasonable to take profit at 100.85. The appropriate level of stop loss is seen at 104.30.

NewForex Analyst

Sara Rosenstein

Forex News from NewForex: Technical analysis of GBP/USD

GBP/USD continues moving along the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to buy at 1.3335. It is reasonable to take profit at 1.3417. The appropriate level of stop loss stands at 1.3306.

NewForex Analyst

Luigi Campo

Forex News from NewForex: Fundamental analysis of the American currency

The us dollar is still trying to strengthen. The dollar updated today the minimum around 1.1138 in pair with the European currency, as the effect of negative news from the U.S. Department of labor comes to naught. Last Friday data on the number of jobs created in the United States was released. For August, this number amounted to 151 thousand, although around 180 were expected. At the same time, the growth rate of the average wage decreased from 0.3 to 0.1%. This reduced the probability of rate hike in the United States. These factors conduce to the strengthening of the US dollar, and at the same time, to the decline of the pair EUR/USD.

NewForex Analyst

Aaron Kaufmann