Page 37 of 37 FirstFirst ... 27353637
Results 361 to 367 of 367

Thread: Daily Market Analysis from ForexMart

  1. #361
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0

    AUD/USD Technical Analysis: April 19, 2017

    The Australian dollar against the U.S. dollar declined during the Tuesday session intersecting the 200-day Exponential Moving Average. There is a significant support found below at 0.75 level and a sign of supportive candle pattern indicates buying opportunity. If the price breaks above the shooting star on Monday session, this signals a bullish tone. Hence, it is much favorable to go long for this pair. The gold market could support this pair which is influential for this pair.

    The pair broke lower than the 0.7535 support level indicating that the price moves upward from 0.7473 up to 0.7610 zone. This could further go down towards the next testing at 0.7473 support level and a breakdown in the said level will complete the downtrend indicating a continuation from 0.7749 mark towards 0.7300 area.


    Click image for larger version. 

Name:	AUDUSD19.png 
Views:	1 
Size:	24.5 KB 
ID:	4240

    Andrea ForexMart, Official Representative
    ForexMart

  2. #362
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0
    GBP/USD Technical Analysis: April 19, 2017

    The British pound versus the U.S. dollar sustained the bid tone during the Tuesday Asian session. The price climbed from 1.2550 during the night and proceeded towards the 1.2600 level the next morning. The pound rebounded moved downhill during the post-London open. It almost reached the 1.2500 level as the trend turned bullish again. It surged upwards reversing losses as it broke exceeding the 1.2600 mark.

    The Resistance level came in at 1.2700 while the support level was seen at 1.2600 mark. If the market is capable of sustaining the psychological levels higher than the 1.2600, the buyers will have the upper hand towards 1.2700.

    Andrea ForexMart, Official Representative
    ForexMart

  3. #363
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0

    EUR/USD Fundamental Analysis: April 20, 2017

    The EUR/USD pair encountered a lot of selling pressure after it reached the 1.0750 trading range and was unable to make any significant progress beyond this particular region. The currency pair has tried in vain to break through this range and has since then resorted to consolidating between 1.0750 and 1.0700 region for the duration of yesterday’s session, with the pair’s bulls mostly responsible for maintaining the pair’s position within its range highs.

    There were no economic news released during the previous session and this is why the EUR/USD pair merely engaged in a ranging and consolidating mode with a bullish undertone for the US dollar. The USD strength was not that pronounced and was only able to induce a minor correction in the EUR/USD pair. However, there are some members of the ECB that are saying that economic speculations in the eurozone could possibly exceed market expectations, however this did not make a significant dent in the current value of the EUR/USD pair. The 1.0750 trading range could possibly be a good position for the pair’s bears to push the currency pair down, where the selling is expected to surge. The currency pair could also possibly correct towards 1.0600 unless a major market phenomenon shocks the market yet again.

    For today’s trading session, the US will be releasing its unemployment claims data as
    well as its Manufacturing Index data while there are no expected releases from the EU economy. The US Treasury secretary will also be making a speech within the day and this is expected to increase today’s market volatility. On the other hand, the USD is expected to hold its ground and the currency pair will most likely remain within its current range.


    Click image for larger version. 

Name:	EURUSD20.png 
Views:	1 
Size:	26.6 KB 
ID:	4242

    Andrea ForexMart, Official Representative
    ForexMart

  4. #364
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0
    USD/CAD Technical Analysis: April 24, 2017

    The U.S. dollar paired against the Canadian dollar surged during the Friday session as it broke above the 1.35 handle as it has been before. This could climb higher but at the same time, this will bring high volatility in the market. The oil market could support this trend especially when it drops which is not far from happening.

    Overall, the trend gives a bullish tone and reversals could create opportunities to go long for this pair. If the pair breaks higher than the 1.36 level, the trading condition could switch to a “buy and hold” scenario in the market.

    Andrea ForexMart, Official Representative
    ForexMart

  5. #365
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0

    GBP/JPY Technical Analysis: April 24, 2017

    This week showed that the pair GBP/JPY have rallied throughout the week, hitting the handle 140.

    In case that the 141 region will be broken, the market would advanced higher. A pullback with buying opportunities is significant except that we could cut down lower than the weekly lows.

    It is highly expected that the market will resume its activity to search for buyers considering the British currency to gain much strength.

    Keep in mind that the GBP/JPY is very much susceptible to risk appetite which is important for you to be aware of the stock markets. Moreover, it is possible that 150 handle will be the most profitable level.


    Click image for larger version. 

Name:	GBPJPY24.png 
Views:	1 
Size:	23.8 KB 
ID:	4246

    Andrea ForexMart, Official Representative
    ForexMart

  6. #366
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0
    EUR/USD Technical Analysis: April 26, 2017

    On Tuesday, the Euro bulls were able to win back the driver’s seat following a neutral position in the night.

    The major were removed from the region 1.0850 during the morning trades of Europe as it moved and rallied near its fresh peaks found at 1.0900 mark.

    The price halted within the 1.0900 in which the EURUSD eyes some renewed offers. The single European currency had moderately eased eliminating its entire gains in the morning eventually.

    As shown in the 4-hour chart the technical indicators appeared to be bullish. Resistance touched 1.0900 level, support pierced through 1.0850 range.

    Moreover, a close over 1.0900 is expected to yield fresh bullish indicator in order to move further. It could probably reach the 1.0950 hurdle but correction is not ruled out as a means of filling the gap.

    Andrea ForexMart, Official Representative
    ForexMart

  7. #367
    Join Date
    Mar 2016
    Posts
    550
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Forex Ability & Talent
    0

    GBP/USD Technical Analysis: April 26, 2017

    The general situation persists to manifest the same scene as of Tuesday. The British currency seems rangebound amid day trades. The price has already reached the band’s lower limit during the first part of the day and rebounded afterward.

    The spot stalled having touched the range’s upper limit while technical indicators are in mixed signals.

    Moreover, the Exponential Moving Averages (EMAs) trailed lower while the RSI together with the MACD showed positive indications. Resistance entered 1.2900 level, support entered 1.2800 area.

    A negative scenario is projected to take place. In case that the GBPUSD touched below the 1.2800 support region will trigger a downtrend in the near future.


    Click image for larger version. 

Name:	GBPUSD26.png 
Views:	1 
Size:	23.4 KB 
ID:	4251

    Andrea ForexMart, Official Representative
    ForexMart

Page 37 of 37 FirstFirst ... 27353637

Thread Information

Users Browsing this Thread

There are currently 2 users browsing this thread. (0 members and 2 guests)

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •