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Forex Analysis Analize forex market trends by using specific method of common analysis. This forum discuss about them in depth.

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  #571  
Old 20-06-2017, 09:13 PM
Syazfirul Enterprise Syazfirul Enterprise is offline
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EUR/GBP Technical Analysis: June 20, 2017


The Euro against the British pound declined during the Monday session as it reached the 0.725 region. A rebound from that level propelled the trend down to 0.8775 level. There is a chance that 0.88 level and above becomes a significant resistance which is the next target of the pair.

Looking back at the long-term charts, several breakouts were seen and there are some levels being supportive. These breakouts indicate bullishness in the trend that is not yet filled. Although, there will be much more buying opportunities if the price fell down to the base of the trend. If the price breaks higher than the 0.88 handle, then the market could go higher towards the 0.8850 level then to 0.90 region.

Overall, there will be choppiness in the market with the ongoing Brexit negotiation which brings uncertainty among traders. However, the principal driver of the movement of the pair will still be the major news as traders try to determine what will happen next as priority more than anything else. There are still remaining time and choppiness will still be present for the next few months or a few years later.


The market will most likely move upward which makes buying more propitious wif given an opportunity. The breakdown could go down much further but would be favorable for seller this time whereas the bullish pressure will be lessened which would shift the overall sentiment of the market.

https://www.forexmart.com/my/analyti...:-June-20-2017
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  #572  
Old 21-06-2017, 02:30 PM
Syazfirul Enterprise Syazfirul Enterprise is offline
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USD/JPY Technical Analysis: June 21, 2017

The USD/JPY pair is currently trading at 111.32 points after dropping by -0.12%. The currency pair reached its daily highs at 111.50 points and its range lows at 111.26 points. The currency pair is currently downtrodden and dropped past 111.80 points now that the dollar strength is slowly losing its effect. In spite of the negativity within the market as of the moment, the yen was able to still inch higher.
The USD will still be able to keep itself afloat after Yellen expressed her positive sentiments with regards to the overall outlook of the US economy, an indication that the central bank might be implementing additional rate hikes in the future. On the other hand, if Carney’s statement proves to be true, then the international risk within the market might not be as dangerous as what was initially projected by market players during the past weeks. Now that the Bank of Japan is pushing through with its stimulus expansion, the gap between the BoJ and the Fed could possibly grow in a matter of weeks. The BoJ released the minutes of its policy meeting last April, where it showed that the central bank’s officials are expecting the country’s inflation projections to remain on the downside. This will then trigger a positive response from the USD/JPY pair.

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  #573  
Old 23-06-2017, 05:06 PM
Andrea ForexMart Andrea ForexMart is offline
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Default NZD/USD Technical Analysis: June 23, 2017

The Kiwi dollar break up to the upside amid Thursday trading hours and cut through over the region 0.7250, touching higher up to 0.7270 area, however, retreated to 0.7250 mark by which buyers have seen to make its entry towards the marketplace.

As the 24-hour exponential moving average still offer support causing the New Zealand to attract the attention of the buyers but pull back is required in order to meet those buyers.
The target is the level above 0.73 and when the commodity sector could at least make some recovery, it could further support the NZD.

Having said that, a consolidation will form between the 0.72 and 0.73 levels. Basically, we are on top of the “fair value” which indicates that buyers are nearly able to direct the market.
Ability to break on top of 0.73 will enable the market to crept higher and it may take some time to do so.

Moreover, the national currency of New Zealand Dollar appeared to be the strongest among other commodity currencies which have the possibility to keep going.

As a buyer, we recognize the breakdown under 0.72 area which is negative and has the potential to revise the overall projections.

The 0.75 level remains to be the target In the longer-term, even though it may take quite some time, the longer-term traders still believe that it will happen soon. With this, the market persists in buying the dips.
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  #574  
Old 27-06-2017, 06:30 PM
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Default USD/CAD Fundamental Analysis: June 27, 2017

The USD/CAD pair remains confined within its previous trading range of 1.3200 and 1.3300 points as there were no major events yesterday that could have swayed the current stance of the loonie. As the US dollar has been gaining more and more momentum due to the release of a positive durable goods data, this has been subsequently countered by an oil price surge on the side of the Canadian dollar, and this is why the USD/CAD pair has been in a deadlock as these events have cancelled out the effects of one another.

Oil prices are still consolidating within its price lows but tension within oil-producing countries has lent some additional support for oil prices, enabling them to surge at over $43 per barrel. Since the loonie is highly dependent on oil prices, the USD/CAD pair is then expected to increase subsequently in line with the increase in oil prices. The Fed chose to brush off the weak data coming from the US economy and still went ahead with its planned rate hike, but the market is not yet sure of the timing of the next rate hike since the dollar strength has not yet established itself as far as traders are concerned. This is why the market is now closely monitoring the incoming readings from the US in the short term in order to determine if the Fed is correct with its assumption that the US will be set to release a slew of positive data. If indeed these data comes out as positive, then the dollar strength should further increase as well.

For today’s trading session, Janet Yellen is set to make a statement within the day but the USD/CAD pair is expected to remain consolidating within its previous trading range.
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  #575  
Old Yesterday, 05:28 PM
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Default USD/CAD Fundamental Analysis: June 28, 2017

The USD/CAD broke through the support level 1.32 amid trades in the past 24 hours following the strength from the Loonies and sluggish dollar witnessed by the entire market.
Making it possible for the pair to trail near the 1.31 area, en route to 1.30 in the near-term. The next bounce could probably be seen at 1.30 level.

The greenbacks lost steam due to delay from the healthcare reform bill with increasing concerns that the bill should be revised. Another thing to consider is the possibility that the reform will start hitting roadblocks that could make policy decisions a much tougher task. Apparently, this is negative for the American currency and the upcoming data from the US seems to be bad after several weeks. The USD suffers in spite of the efforts of the Fed for not paying attention to the negative data, as well as to bolster the greens.

Moreover, Canadian data indicated an uptrend in the economy of Canada which is reflected from the CAD’s value which is further recognized by the Bank of Canada. According to BOC, the time for rate reduction is over since it signaled a hawkish stance which shows that they remain on hold in the near-term and plans to employ rate hike during the medium and long-term. Having said that, the Loonies bolstered along with the steady increase in oil prices that started earlier this week. The Canadian dollar had progress with increasing success causing the USDCAD to move lower.

Ultimately, we expect no major news from US or Canada, however, the US inventory statistics for oil is anticipated that could affect oil cost and could further weigh on prices of the commodity-linked pair.
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