Exness Technical Daily

[meeru]

AUDUSD back to major resistance, remain bearish

AUDUSD
Dec. 8, 2016, 04:41
Sell below 0.7500. Stop loss at 0.7557. Take profit at 0.7370.

Reason for the trading strategy (technically):

Price is once again below major resistance at 0.7500 (Fibonacci projection, horizontal resistance, Fibonacci retracement) and we expect a drop to at least 0.7370 (Fibonacci retracement, Fibonacci projection, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at the 87% level and also displays bearish divergence vs price.

 

[meeru]

Reduction of delays in order activation in 3rd of series of trading improvements

In the 3rd of our series of trading improvements, we are pleased to announce that we have significantly reduced delays in the activation of almost all pending, Stop Loss and Take Profit orders, following the completion of key technical improvements made by our team of experts.

The delays have been reduced in the case of most of these orders, with average activation time now as little as 29 milliseconds.

The Exness team is committed to the perpetual improvement of trading conditions, and the fast activation of orders is a top priority. The advanced and constantly improving technology we use enables us to continue offering our clients excellent conditions.

Keep up to date with Exness news and be the first to hear about our next trading improvements, all of which will be announced over the course of the next few months and will help traders boost their trading activities and strengthen their trading strategies.

 

[meeru]

Exness celebrates 2016 with launch of unique One Exness year-end campaign

Priding itself as a young and innovative broker, Exness once again launches a unique campaign—One Exness—with celebratory promotions designed to celebrate and thank clients for the collective achievements attained in 2016.

"This year marks important growth and maturity for us. On top of the launch of the industry-leading innovation, Unlimited Leverage, we, together with our partners and clients, grew our reach in various regions with new regional representative offices and overcame a DDoS attack. The highs and lows of the year are marked with not just tenacity, but also a bond between the company and clients," said Petr Valov, CEO of Exness, on the motivation behind the One Exness year-end campaign.

The one-month campaign runs till early January next year and comprises of three key activities:

- One+ Contest x Bonus:

The highlight of One Exness, One+ combines the elements of live trading contest and forex bonus to offer traders the chance to double-win during the festive season. The key feature that sets One+ apart from other forex contests is the pivotal role traders play in the entire promotion; traders are in full control of the amount of bonus they are able to receive, and also have direct influence on The Big Pool, the cash prize pool of the One+ contest.

- Exness Spotlights:

Who, what, when? Exness Spotlights is the annual awards ceremony set out to recognize the contributions of our partners and clients.

- Exness Showreel:

More than just a year-in-review, Exness Showreel is a series that captures the company's key moments, achievements, and the people behind the shared successes.

Following Exness DreamBig, One Exness is the broker's second unprecedented campaign in the forex industry, establishing the brand's foothold as an adventurous broker in a heavyweight industry.

Read more on One Exness.

 

[meeru]

AUDNZD dropping perfectly towards our profit target

AUDNZD
Dec. 15, 2016, 03:36
Sell below 1.0424. Stop loss at 1.0460. Take profit at 1.0367.

Reason for the trading strategy (technically):

Price continues to drop towards our profit target. We remain bearish below 1.424 resistance (Fibonacci retracement, horizontal swing high resistance, descending resistance) for a further drop towards long term profit target at 1.0367 (Fibonacci projection).

RSI (55) is also seeing major resistance from our long term descending resistance line.

 

[meeru]

EURJPY below major resistance, remain bearish

EURJPY
Dec. 15, 2016, 03:33
Sell below 123.32. Stop loss at 123.69. Take profit at 120.86.

Reason for the trading strategy (technically):

We remain bearish below major resistance at 123.32 (Fibonacci projection, horizontal swing high resistance) where we expect a drop to at least 120.86 (Fibonacci retracement, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance below the 92% level where price has reacted off multiple times.

 

[meeru]

USDCHF profit target reached, prepare to turn bearish

USDCHF
Dec. 15, 2016, 03:28
Sell below 1.0256. Stop loss at 1.0283. Take profit at 1.0147.

Reason for the trading strategy (technically):

Price has reached our profit target from yesterday. We prepare to turn bearish below 1.0256 (2016 all-time high resistance) for a drop to at least 1.0147 (Fibonacci retracement, horizontal pullback support). Stop loss is at 1.0283 which is a strong Fibonacci projection level + horizontal resistance level.

Stochastic (21,5,3) is seeing major resistance and we expect a reaction off this level.

Reason for the trading strategy (fundamentally):

The major news item today moving USD is the U.S. Consumer Price Index (CPI) which assesses changes in the cost of living by measuring changes consumer pay for a set of items and is the headline figure for inflation. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. If there is high inflation, the Fed may increase interest rates which would cause the USD to rise. We are expecting a higher CPI reading of 1.7% today meaning a stronger USD which goes against our bearish USDCHF view so it is best to exercise caution on this trade.

 

[meeru]

AUDNZD dropping perfectly towards our profit target

AUDNZD
Dec. 14, 2016, 03:44
Sell below 1.0424. Stop loss at 1.0460. Take profit at 1.0367.

Reason for the trading strategy (technically):

Price has reacted off our selling area perfectly yesterday and is dropping towards our profit target. We remain bearish below 1.424 resistance (Fibonacci retracement, horizontal swing high resistance, descending resistance) for a further drop towards long term profit target at 1.0367 (Fibonacci projection).

RSI (55) is also seeing major resistance from our long term descending resistance line.

 

[meeru]

AUDUSD dropping perfectly as expected, remain bearish

AUDUSD
Dec. 15, 2016, 03:24
Sell below 0.7431. Stop loss at 0.7524. Take profit at 0.7310.

Reason for the trading strategy (technically):

Price has dropped perfectly from our selling area as expected and is fast approaching our profit target. We tighten our stop loss and look to sell further below 0.7431 resistance (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 0.7310 (Fibonacci projection, horizontal swing low support).

Stochastic (21,5,3) is seeing strong resistance at the 93% level and also displays bearish divergence vs price.

Reason for the trading strategy (fundamentally):

The major news item today moving USD is the U.S. Consumer Price Index (CPI) which assesses changes in the cost of living by measuring changes consumer pay for a set of items and is the headline figure for inflation. Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. If there is high inflation, the Fed may increase interest rates which would cause the USD to rise. We are expecting a higher CPI reading of 1.7% today meaning a stronger USD which goes in line with our bearish AUDUSD view.

 

[meeru]

AUDUSD reaching our profit target, remain bearish

AUDUSD
Dec. 16, 2016, 03:52
Sell below 0.7434. Stop loss at 0.7524. Take profit at 0.7310.

Reason for the trading strategy (technically):

Price continues to drop perfectly towards our profit target. We look to sell on strength below 0.7434 resistance (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 0.7310 (Fibonacci projection, horizontal swing low support).

Stochastic (21,5,3) has made a bearish exit signalling a major change in momentum.

 

[meeru]

EURUSD approaching profit target, remain bearish

EURUSD
Dec. 21, 2016, 10:03
Sell below 1.0418. Stop loss at 1.0457. Take profit at 1.0325.

Reason for the trading strategy (technically):

Price continues to approach our profit target at 1.0325. We remain bearish below 1.0418 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop from here.

RSI (34) is seeing major resistance below our descending resistance line.