Exness Technical Daily

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USDJPY turn bullish above strong support

USDJPY
Dec. 28, 2016, 03:02
Buy above 117.21. Stop loss at 116.92. Take profit at 118.25.

Reason for the trading strategy (technically):

Price has made a bullish exit of our long term descending resistance-turned-support line triggering a bullish move from here above our buying area of 117.21 (swing low support, Fibonacci retracement) towards 118.25 resistance (Fibonacci retracement, Fibonacci projection, horizontal swing high resistance).

RSI (34) has made a bullish exit signalling a strong change in momentum.

 

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AUDNZD above strong support, turn bullish

AUDNZD
Dec. 27, 2016, 02:53
Buy above 1.4050. Stop loss at 1.0374. Take profit at 1.0464.

Reason for the trading strategy (technically):

Price is above a strong support level at 1.0405 (Fibonacci retracement, horizontal overlap support) and we expect to see a small bounce above this level to at least 1.0464 resistance (Fibonacci retracement, horizontal overlaps resistance).

RSI (34) is seeing support from our ascending support line.

 

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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.

 

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EURJPY reaching profit target, remain bearish.

EURJPY
Dec. 29, 2016, 03:36
Sell below 122.18. Stop loss at 123.24. Take profit at 120.88.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target yesterday. Today we remain bearish below 122.18 resistance (Fibonacci retracement, horizontal overlap resistance) with a break of our long term ascending support-turned-resistance line to play the drop to 120.88 support (Fibonacci projection, horizontal swing low support).

 

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Changes to trading schedule and operating hours for Christmas and New Year holidays

As the holidays approach, we would like to inform our clients and partners around the world that during the Christmas and New Year holidays, there will be changes to the trading conditions and operating hours of many major financial centers, which may affect trading.
The table below lists the trading schedule changes that will take effect on specific days during the holidays. Times and dates are displayed in server time (GMT+0).
Date Forex trading hours
23.12.2016 Normal hours
26.12.2016 No trading
27.12.2016 Trade opening 00:00
30.12.2016 Normal hours
02.01.2017 No trading
03.01.2017 Trade opening 00:00



The information hereon details the holiday hours for Exness client support. Times and dates are displayed in server time (GMT+0).
Please click here to view the table with details.

In addition to our general leverage rules, please remember that from 3 hours before the market closes on 23 December and 30 December 2016, margin requirements are calculated based on a maximum leverage of 1:200. Margin requirements are recalculated within 2 hours of the market opening, based on the actual amount of funds in your account or your specified leverage size. We would like to remind you to keep this in mind when selecting your trading strategy in this period.
Please note that Exness' official analytical reviews will not be available on December 26 2016 and January 2 2017.
We kindly ask our clients to bear in mind that on the days preceding and following the Christmas and New Year holidays, there will be less liquidity in the market, therefore spreads may increase for most financial instruments. Consequently, Exness’ spreads may also change, depending on the market situation. Please remember that the Stop Level in pending orders cannot be less than the spread.
We would like to extend the warmest holiday wishes to all our clients worldwide, and of course, happy trading!

 

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AUDUSD prepare to turn bearish below major resistance

AUDUSD
Jan. 6, 2017, 03:47
Sell below 0.7380. Stop loss at 0.7446. Take profit at 0.7245.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.7380 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect a reaction off this level for a drop to at least 0.7245 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is also seeing major resistance at the 93% level.
Reason for the trading strategy (fundamentally):
The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. We’re expecting generally a lower than expected reading in the region of 175K which makes for a bearish USD. This goes in line with our bullish AUDUSD view today.

 

[meeru]

XAUUSD bearish below major resistance

XAUUSD
Jan. 6, 2017, 04:25
Sell below 1183. Stop loss at 1200. Take profit at 1160.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1183 (Fibonacci retracement, horizontal overlap resistance) and we expect a major reaction below this level for a drop to 1160 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is also seeing major resistance at the 88% level where we expect a drop to occur soon.
Reason for the trading strategy (fundamentally):
The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. We’re expecting generally a lower than expected reading in the region of 175K which makes for a bearish USD. This goes against our bearish XAUUSD view today so it is best to exercise caution on this trade.

 

[meeru]

EURJPY remain bullish above major support

EURJPY
Jan. 6, 2017, 04:05
Buy above 122.15. Stop loss at 121.89. Take profit at 122.83.
Reason for the trading strategy (technically):
Price is above major support at 122.15 (Fibonacci retracement, horizontal overlap support, bullish divergence) and we expect a rise above this level to at least 122.83 resistance (Fibonacci retracement, recent swing high resistance).
Stochastic (21,5,3) is bouncing above our support and displays bullish divergence vs price.

 

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USDCHF prepare to turn bullish above major support

USDCHF
Jan. 6, 2017, 03:54
Buy above 1.0081. Stop loss at 1.0013. Take profit at 1.0211.
Reason for the trading strategy (technically):
Price is approaching major support at 1.0081 (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 1.0211 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing major support still at 14%.
Reason for the trading strategy (fundamentally):
The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. We’re expecting generally a lower than expected reading in the region of 175K which makes for a bearish USD. This goes against our bullish USDCHF view today so it is best to exercise caution on this trade.

 

[meeru]

EURUSD prepare to turn bearish below strong resistance

EURUSD
Jan. 6, 2017, 03:52
Sell below 1.0668. Stop loss at 1.0700. Take profit at 1.0490.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.0668 (Fibonacci retracement, horizontal resistance) and we expect to see a strong reaction off this level for a drop to at least 1.0490 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) continues to test our 85% resistance level.
Reason for the trading strategy (fundamentally):
The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. We’re expecting generally a lower than expected reading in the region of 175K which makes for a bearish USD. This goes against our bearish EURUSD view today so it is best to exercise caution on this trade.