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Page 35 of 109 FirstFirst ... 2533343536374585 ... LastLast
Results 341 to 350 of 1085
  1. #341

    EUR/USD Jan 12, 2017

    A cautious mood prevailed during the first half of the day, as the market waited for the first speech of the US upcoming President Trump, in the US afternoon. The American dollar appreciated ahead of Wall Street opening, sending the EUR/USD pair to its lowest for the week at 1.0453, helped by the positive tone in worldwide stocks and, but turned south after the presser, with the EUR/USD advancing beyond the 1.0600 level. Trump's comments covered many aspects of his upcoming administration, but uncertainty persists as its unclear which are his priorities. Among others, he criticized the pharmaceutical industry, insisted that Mexico will end up paying the wall, and announced the creation of a trust, administrated by his sons, who will take care of his business as he won't be able to do both. Despite some positive words towards the automakers industry, stocks fell sharply after his comments, putting the greenback under pressure across the board.
    Closing the day up, the EUR/USD pair establish itself above the 23.6% retracement of its latest bearish run, although the lower low daily basis, has somehow increased the risk of a new leg lower for the upcoming days, moreover as the pair has been steadily rejected from advances beyond the 1.0600 figure. In the 4 hours chart, the price has recovered above all of its moving averages that anyway have turned horizontal, a clear indication of the absence of directional strength, while the 20 and the 200 SMAs, stand quite close to the mentioned Fibonacci level. Technical indicators in the mentioned time frame have abruptly changed course an entered positive territory, but without enough to strength to confirm a steeper recovery. As commented on previous updates, only a firm advance beyond the 1.0650 level will open doors for additional gains, whilst below 1.0445, chances are of a retest of the multi-year low posted early January at 1.0340.
    Support levels: 1.0565 1.0530 1.0490
    Resistance levels: 1.0620 1.0650 1.0710

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei


  2. #342

    USD/JPY 12 Jan 2017

    The USD/JPY pair plummeted to 114.23, its lowest since early November, after the technical breakout of the 115.00 level, fueled by upcoming US President Donald Trump´s press conference. The JPY traded advanced up to 116.86 early US session, helped by the positive tone of stocks after the opening, but the dominant bearish momentum resumed after Trump´s words stirred up uncertainty. Adding to JPY's strength were positive news coming from the country overnight, as the November Coincident index surged to its highest in almost three years, printing 115.1 from previous 113.5, a sign of consumption improvement. The pair bounced from the mentioned low, but is having a hard time around the 115.00 level ahead of the Asian opening, and looking increasingly bearish according to technical readings, as in the 4 hours chart, the price has broken below its 200 SMA for the first time in two months, while technical indicators head strongly lower at fresh weekly lows, supporting a continued decline for the upcoming Asian session.
    Support levels: 114.60 114.20 113.70
    Resistance levels: 116.10 116.60 117.00

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  3. #343

    GBP/USD Jan 12, 2017

    The GBP/USD pair bounced from a fresh multi-month low of 1.2037 achieved during the American afternoon, as Trump's press conference triggered a short-term dollar sell-off. At the beginning of the day, data coming from the UK showed that in November 2016, Industrial Production was estimated to have increased by 2.1% compared with October 2016, while yearly basis, the increase was of 2.0%. Manufacturing Production increased by 1.3% in the same month, and by 1.2% when compared to November 2015. The total trade balance, however, posted a larger-than-expected deficit of £4.167B. The pair closed the day with gains after advancing up to 1.2270, now the immediate short term resistance, and in the 4 hours chart, technical readings favor additional advances, as the price is above a bearish 20 SMA whilst technical indicators bounced from oversold readings and maintain their strong bullish slopes within positive territory. Nevertheless, the negative sentiment towards the Pound may likely resume once the dust settles, with renewed declines below the 1.2200 figure denying chances of a firmer recovery.
    Support levels: 1.2200 1.2150 1.2110
    Resistance levels: 1.2270 1.2310 1.3360

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  4. #344

    GBP/USD recovered from the bottom 12 Jan 2017

    GBP/USD recovered from the bottom

    On the daily GBP/USD chart, the pair rebounded from the lower border of the downtrend channel. The pair's currently fighting for the important level of 1.2207 (23.6% of the last bearish wave). The bulls' victory will increase the risks of growth towards 1.2317 and 1.2405.
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    On H1, GBP/USD emerged from the short-term downtrend channel. Rising wedge pattern with the following return to 23.6% and 38.2% and rebound increases the possibility of continuation to the upside towards 1.24 (88.6% target of the "Shark" pattern).
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  5. #345

    GBP/JPY Daily Outlook Jan 12, 2017

    Intraday bias in GBP/JPY remains on the downside as fall from 148.42 short term top is in progress. Further decline should be seen to 38.2% retracement of 122.36 to 148.42 at 138.46. As note before, rise from 122.36 is seen as a corrective move. Sustained trading below 138.46 and downside acceleration will indicate that such correction is finished too. And in that case, deeper fall should be seen to 61.8% retracement at 132.31 and below. On the upside, break of 145.38 resistance is needed to confirm completion of the fall from 148.42. Otherwise, near term outlook stays bearish in case of recovery.

    In the bigger picture, the down trend from 195.86 top (2015 high) should have made a medium term bottom at 122.36 after hitting 100% projection of 195.86 to 154.70 from 163.87 at 122.71. Price actions from there are expected to develop into a medium term corrective pattern. Upside should be limited by 38.2% retracement of 195.86 to 122.36 at 150.4 for setting the medium term range.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  6. #346

    EUR/AUD Daily Outlook Jan 12, 2017

    Intraday bias in EUR/AUD remains on the downside for 1.4072 low. Break there will extend the correction from 1.6587 towards next key support level 1.3671.On the upside, above 1.4322s support turned resistance will turn bias neutral again.

    In the bigger picture, price actions from 1.6587 medium term top are viewed as a consolidative pattern. 50% retracement of 1.1602 to 1.6587 at 1.4095 was already met. While further fall cannot be ruled out, we'd expect strong support above 1.3671 to contain downside and bring rebound. Up trend from 1.1602 should not be finished and will resume later. Break of 1.5094 will be the first sign of resumption of up trend from 1.1602 and target retesting of 1.6587 resistance first.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  7. #347

    EUR/GBP Daily Outlook 12 Jan 2017

    Intraday bias in EUR./GBP stays neutral for the moment. Another rise is expected as long as 0.8449 holds. Rebound from 0.8303 is seen as the second leg of the consolidation pattern from 0.9304. Above 0.8764 will target 61.8% retracement of 0.9304 to 0.8303 at 0.8922 and above. We'll expect strong resistance above 0.8922 to limit upside and bring another fall. On the downside, below 0.8449 will turn bias to the downside for retesting 0.8303 first. Break there will extend the whole fall from 0.9304. In that case, we'll look for bottoming signal again at around 0.8116.

    In the bigger picture, price actions from 0.9304 are viewed as a medium term corrective pattern. Deeper fall cannot be ruled out yet. But we'd expect strong support around 55 weeks EMA (now at 0.8243) to contain downside. Overall, the corrective pattern would take some time to complete before long term up trend resumes at a later stage. Break of 0.9304 will pave the way to 0.9799 (2008 high).

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  8. #348

    EUR/JPY Daily Outlook Jan 12, 2017

    EUR/JPY is staying in the consolidation from 124.08 and intraday bias remains neutral. Further rally is in favor as long as 120.90 support holds. Above 124.08 will target 126.09 key resistance next. As rise from 109.20 is still seen as a corrective pattern, we'd be cautious on topping around 126.09. Meanwhile, break of 120.90 will indicate short term topping and turn bias to the downside for 55 days EMA (now at 120.33) and below.

    In the bigger picture, price actions from 109.20 medium term bottom are seen as part of a medium term corrective pattern from 149.76. There is prospect of another rise towards 126.09 key resistance level before completion. But even in that case, we'd expect strong resistance between 126.09 and 141.04 to limit upside, at least on first attempt. Sustained trading below 55 day EMA will pave the way to retest 109.20.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  9. #349

    AUD/USD Daily Outlook Jan 12, 2017

    The rebound from 0.7158 extends higher and strong break of 28.2% retracement of 0.7777 to 0.7518 at 0.7394 suggests that fall from 0.7777 is completed. Intraday bias stays on the upside and further rally would now be seen back to 61.8% retracement at 0.7541 and above. At this point, we'd expect strong resistance from 0.7777/7833 to limit upside. On the downside, below 0.7351 minor support will turn bias back to the downside for 0.7144 key support level.

    In the bigger picture, AUD/USD is staying inside long term falling channel and it's likely that the down trend from 1.1079 is still in progress. Break of 0.6826 low will confirm this bearish case and target 61.8% projection of 0.9504 to 0.6826 from 0.7777 at 0.6122 next. We'll be looking for bottoming sign again as it approaches 0.6008 key support level. Meanwhile, sustained break of 0.7833 resistance will be a strong sign of medium term reversal.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  10. #350

    USD/CAD Daily Outlook Jan 12, 2017

    USD/CAD's fall from 1.3598 resumes after brief consolidation and intraday bias is back on the downside for 1.3080 key support level. Decisive break there will confirm completion of whole corrective rise from 1.2460 and turn outlook bearish. In that case, deeper decline would be seen to retest 1.2460 low. On the upside, above 1.3293 minor resistance will turn focus back to 1.3588/98 resistance zone instead.

    In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. The first leg has completed at 1.2460. The second leg is possibly finished at 1.3598 too after hitting 50% retracement of 1.4689 to 1.2460 at 1.3575. Break of 1.3080 would likely resume the fall from 1.4689 through 1.2460 to 50% retracement of 0.9406 to 1.4689 at 1.2048. We'd start to look for reversal signal below 1.2460 to complete the correction. In case of another rise, we'll look for topping sign at 61.8% retracement of 1.4689 to 1.2460 at 1.3838.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei
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