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jimmyforex

Member
Technical Overview of GBP/USD, AUD/USD and USD/CHF Currency Pairs

GBP USD

The GBP traded higher against the USD and closed at 1.3149.

  • GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
  • The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.

The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly also Thursday. There's no exact time for the vote but it will be after the debates, which usually end evening time in the UK. That puts a vote somewhere after 18/19 GMT or 2pm/3pm NY time. It could be even later but it shouldn't be earlier than 18 GMT. This week's vote will determine 3 things -
  1. Will the UK accept the EU's withdrawal agreement
  2. Will the UK rule out leaving with no deal
  3. Will Article 50 be extended?
According to the Analysis, The pair is expected to find support at 1.30160, and a fall through could take it to the next support level of 1.28829. The pair is expected to find its first resistance at 1.32251, and a rise through could take it to the next resistance level of 1.33011.

Previous Day range was 209.1 and Current Day Range is 139.3.

AUD USD

The AUD traded higher against the USD and closed at 0.7068.

FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

The pair is expected to find support at 0.70375, and a fall through could take it to the next support level of 0.70069. The pair is expected to find its first resistance at 0.70876, and a rise through could take it to the next resistance level of 0.71071.
AUD USD previous Day range was 50.1 and Current Day Range is 22.8.

USD CHF

The USD traded little higher against CHF and closed at 1.0105.

According to the analysis, pair is expected to find support at 1.00768, and a fall through could take it to the next support level of 1.00483. The pair is expected to find its first resistance at 1.01266, and a rise through could take it to the next resistance level of 1.01479.

USD CHF previous day range was 49.8 and current day range is 14.
 

jimmyforex

Member
Technical Overview of GBP/USD, EUR/USD and USD/CAD Currency Pairs

GBP USD

The GBP traded higher against the USD and closed at 1.3068.

Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around.

Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.

The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.

The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.

Previous Day range was 280.6 and Current Day Range is 30.6.

EUR USD

The EUR traded lower against the USD and closed at 1.1287.

The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.

EUR USD previous Day range was 60.3 and Current Day Range is 6.8.

USD CAD

The USD traded little higher against CAD and closed at 1.3353.

Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.

USD CAD previous day range was 65 and current day range is 21.1.
 

jimmyforex

Member
Technical Overview of USD/JPY, AUD/USD and USD/CHF Currency Pairs

USD JPY

The USD traded higher against the JPY and closed at 111.137.

BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

Interest rate growth can have a positive impact on yen quotes.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.941, and a fall through could take it to the next support level of 110.746. The pair is expected to find its first resistance at 111.396, and a rise through could take it to the next resistance level of 111.656.

Previous Day range was 4550 and Current Day Range is 4850.

AUD USD

The AUD traded lower against the USD and closed at 0.7093.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

The pair is expected to find support at 0.70621, and a fall through could take it to the next support level of 0.70310. The pair is expected to find its first resistance at 0.71110, and a rise through could take it to the next resistance level of 0.71288.

AUD USD previous Day range was 48.9 and Current Day Range is 35.1.

USD CHF

The USD traded little higher against CHF and closed at 1.0036.

According to the analysis, pair is expected to find support at 1.00136, and a fall through could take it to the next support level of 0.99908. The pair is expected to find its first resistance at 1.00719, and a rise through could take it to the next resistance level of 1.01074.

USD CHF previous day range was 58.3 and current day range is 15.4.
 

jimmyforex

Member
Technical Overview of GBP/USD, NZD/USD and USD/JPY Currency Pairs

GBP USD

The GBP traded higher against the USD and closed at 1.3239.

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.

Previous Day range was 128.7 and Current Day Range is 49.9.

NZD USD

The NZD traded higher against the USD and closed at 0.6817.

BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.

The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.

NZD USD previous Day range was 56.7 and Current Day Range is 30.3.

USD JPY

The USD traded little lower against JPY and closed at 111.693.

BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

Interest rate growth can have a positive impact on yen quotes.

According to the analysis, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.
USD JPY previous day range was 6970 and current day range is 4020.
 

jimmyforex

Member
Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pairs

EUR USD

The EUR traded higher against the USD and closed at 1.1324.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12993, and a fall through could take it to the next support level of 1.12750. The pair is expected to find its first resistance at 1.13460, and a rise through could take it to the next resistance level of 1.13684.

Previous Day range was 46.7 and Current Day Range is 18.8.

USD CAD

The USD traded lower against the CAD and closed at 1.3341.

The pair is expected to find support at 1.32963, and a fall through could take it to the next support level of 1.32517. The pair is expected to find its first resistance at 1.33782, and a rise through could take it to the next resistance level of 1.34155.

USD CAD previous Day range was 81.9 and Current Day Range is 30.2.

AUD USD

The AUD traded higher against USD and closed at 0.7085.

According to the analysis, pair is expected to find support at 0.70652, and a fall through could take it to the next support level of 0.70456. The pair is expected to find its first resistance at 0.71007, and a rise through could take it to the next resistance level of 0.71166.

AUD USD previous day range was 35.5 and current day range is 36.8.
 

jimmyforex

Member
Technical Overview of AUD/USD, USD/JPY and GBP/USD Currency Pairs

AUD USD

The AUD traded higher against the USD and closed at 0.7102.

The minutes of the meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.

Generally speaking, if the is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70803, and a fall through could take it to the next support level of 0.70583. The pair is expected to find its first resistance at 0.71218, and a rise through could take it to the next resistance level of 0.71413.

Previous Day range was 41.5 and Current Day Range is 21.6.

USD JPY

The USD traded lower against the JPY and closed at 111.425.

The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility.

Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

The pair is expected to find support at 111.274, and a fall through could take it to the next support level of 111.123. The pair is expected to find its first resistance at 111.601, and a rise through could take it to the next resistance level of 111.777.

USD JPY previous Day range was 3270 and Current Day Range is 2850.


GBP USD


The GBP traded higher against USD and closed at 1.3252.

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

According to the analysis, pair is expected to find support at 1.31909, and a fall through could take it to the next support level of 1.31299. The pair is expected to find its first resistance at 1.33056, and a rise through could take it to the next resistance level of 1.33593.

GBP USD previous day range was 114.7 and current day range is 37.3.
 

jimmyforex

Member
Technical Overview of EUR/USD, USD/CHF and NZD/USD Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1351.

This report, released by Federal Reserve, includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.13357, and a fall through could take it to the next support level of 1.13202. The pair is expected to find its first resistance at 1.13639, and a rise through could take it to the next resistance level of 1.13766.

Previous Day range was 28.2 and Current Day Range is 13.9.

USD CHF

The USD traded higher against the CHF and closed at 0.9991.

Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

The pair is expected to find support at 0.99791, and a fall through could take it to the next support level of 0.99668. The pair is expected to find its first resistance at 1.00092, and a rise through could take it to the next resistance level of 1.00270.

USD CHF previous Day range was 30.1 and Current Day Range is 13.8.


NZD USD


The NZD traded lower against USD and closed at 0.6853.

The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.

According to the analysis, pair is expected to find support at 0.68389, and a fall through could take it to the next support level of 0.68245. The pair is expected to find its first resistance at 0.68694, and a rise through could take it to the next resistance level of 0.68855.

NZD USD previous day range was 30.5 and current day range is 28.
 

jimmyforex

Member
Technical Overview of EUR/USD,
NZD/USD and USD/CHF Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1300.

The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies. A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12532, and a fall through could take it to the next support level of 1.12062. The pair is expected to find its first resistance at 1.13687, and a rise through could take it to the next resistance level of 1.14372.

Previous Day range was 31.9 and Current Day Range is 15.

NZD USD

The NZD traded higher against the USD and closed at 0.6877.

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.

The pair is expected to find support at 0.68623, and a fall through could take it to the next support level of 0.68478. The pair is expected to find its first resistance at 0.68942, and a rise through could take it to the next resistance level of 0.69116.

NZD USD previous Day range was 31.9 and Current Day Range is 15.


USD CHF


The USD traded higher against CHF and closed at 0.9934.

According to the analysis, pair is expected to find support at 0.99079, and a fall through could take it to the next support level of 0.98817. The pair is expected to find its first resistance at 0.99652, and a rise through could take it to the next resistance level of 0.99963.

USD CHF previous day range was 57.3 and current day range is 13.1.
 

jimmyforex

Member
Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs
EUR USD

The EUR traded Higher against the USD and closed at 1.122.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12023, and a fall through could take it to the next support level of 1.11848. The pair is expected to find its first resistance at 1.12492, and a rise through could take it to the next resistance level of 1.12786.

Previous Day range was 46.9 and Current Day Range is 16.3.

GBP USD

The GBP traded higher against the USD and closed at 1.304.

United Kingdom Gross Domestic Product q/q is the key indicator of the national economy growth. The index shows changes in the market value of goods and services produced in the country in the given quarter compared to the previous quarter. The GDP is calculated using statistical information (using national economic indicators), forecast models and expert evaluations.

GDP growth can be seen as positive for the pound sterling.

The pair is expected to find support at 1.29794, and a fall through could take it to the next support level of 1.29186. The pair is expected to find its first resistance at 1.31551, and a rise through could take it to the next resistance level of 1.32700.

GBP USD previous Day range was 175.7 and Current Day Range is 34.8.

USD CHF

The USD traded higher against CHF and closed at 0.9956.

According to the analysis, pair is expected to find support at 0.99365, and a fall through could take it to the next support level of 0.99169. The pair is expected to find its first resistance at 0.99744, and a rise through could take it to the next resistance level of 0.99927.

USD CHF previous day range was 37.9 and current day range is 15.7.
 

jimmyforex

Member
Technical Overview of AUD/USD,
USD/JPY and NZD/USD Currency Pairs

AUD USD


The AUD traded lower against the USD and closed at 0.7111.

Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.

RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

According to the Analysis, The pair is expected to find support at 0.70994, and a fall through could take it to the next support level of 0.70874. The pair is expected to find its first resistance at 0.71275, and a rise through could take it to the next resistance level of 0.71436.

Previous Day range was 28.1 and Current Day Range is 47.5.


USD JPY

The USD traded higher against the JPY and closed at 111.342.

The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

The pair is expected to find support at 110.967, and a fall through could take it to the next support level of 110.593. The pair is expected to find its first resistance at 111.577, and a rise through could take it to the next resistance level of 111.813.

USD JPY previous Day range was 6100 and Current Day Range is 1640.

NZD USD

The NZD traded lower against USD and closed at 0.6805.

According to the analysis, pair is expected to find support at 0.67931, and a fall through could take it to the next support level of 0.67815. The pair is expected to find its first resistance at 0.68267, and a rise through could take it to the next resistance level of 0.68487.

NZD USD previous day range was 33.6 and current day range is 27.5.
 

jimmyforex

Member
Technical Overview of USD/CHF,
AUD/USD and USD/JPY Currency Pairs

USD CHF


The USD traded lower against the CHF and closed at 0.9981.

Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

The indicator growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 0.99606, and a fall through could take it to the next support level of 0.99400. The pair is expected to find its first resistance at 0.99946, and a rise through could take it to the next resistance level of 1.00080.

Previous Day range was 34 and Current Day Range is 16.6.


AUD USD

The AUD traded higher against the USD and closed at 0.7112.

The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

The pair is expected to find support at 0.70675, and a fall through could take it to the next support level of 0.70231. The pair is expected to find its first resistance at 0.71428, and a rise through could take it to the next resistance level of 0.71737.

AUD USD previous Day range was 75.3 and Current Day Range is 17.8.

USD JPY

The USD traded lower against JPY and closed at 111.482.

According to the analysis, pair is expected to find support at 111.271, and a fall through could take it to the next support level of 111.060. The pair is expected to find its first resistance at 111.632, and a rise through could take it to the next resistance level of 111.782.

USD JPY previous day range was 3610 and current day range is 1630.

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jimmyforex

Member
Technical Overview of USD/JPY,
EUR/USD and AUD/USD Currency Pairs

USD JPY


The USD traded lower against the JPY and closed at 111.709.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

According to the Analysis, The pair is expected to find support at 111.594, and a fall through could take it to the next support level of 111.479. The pair is expected to find its first resistance at 111.820, and a rise through could take it to the next resistance level of 111.931.

Previous Day range was 2260 and Current Day Range is 3820.


EUR USD

The EUR traded higher against the USD and closed at 1.1216.

The pair is expected to find support at 1.12035, and a fall through could take it to the next support level of 1.11908. The pair is expected to find its first resistance at 1.12355, and a rise through could take it to the next resistance level of 1.12548.

EUR USD previous Day range was 32 and Current Day Range is 21.3.

AUD USD

The AUD traded lower against USD and closed at 0.7106.

According to the analysis, pair is expected to find support at 0.70880, and a fall through could take it to the next support level of 0.70704. The pair is expected to find its first resistance at 0.71274, and a rise through could take it to the next resistance level of 0.71492.

AUD USD previous day range was 39.4 and current day range is 21.1.
 

jimmyforex

Member
Technical Overview of EUR/USD,
GBP/USD and AUD/USD Currency Pairs

EUR USD


The EUR traded higher against the USD and closed at 1.1298.

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

According to the Analysis, The pair is expected to find support at 1.12584, and a fall through could take it to the next support level of 1.12189. The pair is expected to find its first resistance at 1.13304, and a rise through could take it to the next resistance level of 1.13629.

Previous Day range was 72 and Current Day Range is 15.


GBP USD

The GBP traded higher against the USD and closed at 1.3071.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The pair is expected to find support at 1.30368, and a fall through could take it to the next support level of 1.30023. The pair is expected to find its first resistance at 1.31180, and a rise through could take it to the next resistance level of 1.31647.

GBP USD previous Day range was 81.2 and Current Day Range is 32.2.

AUD USD

The AUD traded higher against USD and closed at 0.7171.

The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

According to the analysis, pair is expected to find support at 0.71273, and a fall through could take it to the next support level of 0.70835. The pair is expected to find its first resistance at 0.72035, and a rise through could take it to the next resistance level of 0.72359.

AUD USD previous day range was 76.2 and current day range is 15.9.
 

jimmyforex

Member
Technical Overview of USD/CAD,
GBP/USD and USD/JPY Currency Pairs

USD CAD

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The USD traded lower against the CAD and closed at 1.335.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

Previous Day range was 56.7 and Current Day Range is 44.2.

GBP USD
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The GBP traded higher against the USD and closed at 1.3043.

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

USD JPY
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The USD traded lower against JPY and closed at 112.012.

James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

USD JPY previous day range was 1950 and current day range is 2410.
 

jimmyforex

Member
Technical Overview of USD/CAD,
GBP/USD and USD/JPY Currency Pairs

USD CAD

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The USD traded lower against the CAD and closed at 1.335.

Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

Previous Day range was 56.7 and Current Day Range is 44.2.

GBP USD
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The GBP traded higher against the USD and closed at 1.3043.

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

USD JPY
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The USD traded lower against JPY and closed at 112.012.

James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

USD JPY previous day range was 1950 and current day range is 2410.
 

jimmyforex

Member
Technical Overview of USD/CAD, USD/CHF, EUR/GBP and USD/JPY Currency Pairs

USD CAD


The USD traded lower against the CAD and closed at 1.3485.

The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Bullish Climax at the Resistance Level. Keep in mind that Pair had also completed Bullish AB=CD Pattern.

According to the Analysis, The pair is expected to find support at 1.34719, and a fall through could take it to the next support level of 1.34591. The pair is expected to find its first resistance at 1.35070, and a rise through could take it to the next resistance level of 1.35293.

Previous Day range was 35.1 and Current Day Range is 18.2.

USD CHF

The USD traded lower against the CHF and closed at 1.0202.

The pair stalls at the Quarter Pivot and Monthly Pivot. It’s in a Mother bar In side bar Formation
The daily Moving Average presents a Bullish Momentum( after the resistances are broken)
Or else there shall be a successful close below the daily Moving Average to go further down.

The pair is expected to find support at 1.01873, and a fall through could take it to the next support level of 1.01728. The pair is expected to find its first resistance at 1.02219, and a rise through could take it to the next resistance level of 1.02420.

USD CHF previous Day range was 34.6 and Current Day Range is 9.9.

EUR GBP

The EUR traded higher against GBP and closed at 0.8628.

The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Double Top,
Iy closed below the D1 Moving Average. As we know the weakness in EURO is present so, this pair can follow the Classic Double Top Pattern.

According to the analysis, pair is expected to find support at 0.86182, and a fall through could take it to the next support level of 0.86080. The pair is expected to find its first resistance at 0.86462, and a rise through could take it to the next resistance level of 0.86640.

EUR GBP previous day range was 28 and current day range is 8.9.

USD JPY

The USD traded higher against JPY and closed at 111.603.

The pair stalls at the Quarter Pivot and Monthly Pivot. It’s in a range now. But pair started to move. Best option is to wait for pivot breakouts...

According to the analysis, pair is expected to find support at 111.235, and a fall through could take it to the next support level of 110.866. The pair is expected to find its first resistance at 112.105, and a rise through could take it to the next resistance level of 112.606.

USD JPY previous day range was 8700 and current day range is 3360.
 

jimmyforex

Member
Technical Overview of CAD/CHF,
GBP/AUD, USD/CHF and GBP/CAD Currency Pairs

CAD CHF


The CAD traded lower against the CHF and closed at 0.7575.

CAD CHF formed a Mother Bar Inside Bar @ the Quarterly and Yearly Pivots.
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High of 0.76000 and make a retest with LOW VOLUME to ensure that all supply from market is over.

Scenario 2: In order to be bearish it needs to push through the Quarterly /Yearly Pivots (0.75469) then the Low of Mother Br, A successful test with LOW VOLUME is required to ensure that all Demand has ended...

According to the Analysis, The pair is expected to find support at 0.75586, and a fall through could take it to the next support level of 0.75425. The pair is expected to find its first resistance at 0.75897, and a rise through could take it to the next resistance level of 0.76047.

Previous Day range was 31.1 and Current Day Range is 16.2.

GBP AUD


The GBP traded lower against the AUD and closed at 1.8337.

GBPAUD formed a Mother Bar Inside Bar @ the Yearly Pivots Middle R1
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High of 1.8448 and make a retest with LOW VOLUME to ensure that all supply from market is Over .

Scenario 2: In order to be bearish it needs to push through the Quarterly (1.8275) then the Low of Mother Bar, (1.8200)
Break Below Quarter Pivot may confluence with the Previous Day Candle Low Broken .A successful test with LOW VOLUME is required to ensure that all Demand has ended...

The pair is expected to find support at 1.82996, and a fall through could take it to the next support level of 1.82621. The pair is expected to find its first resistance at 1.83840, and a rise through could take it to the next resistance level of 1.84309.

GBP AUD previous Day range was 84.4 and Current Day Range is 38.7.

USD CHF

The USD traded lower against CHF and closed at 1.0197.

USDCHF formed a Mother Bar Inside Bar @ the Quarterly and Yearly Pivots.
It's in a range now.

Scenario 1: In order to Go Bullish it needs to Break the upper Mother Bar High + MQR2 1.0241 and make a retest with LOW VOLUME to ensure that all supply from market is Over .

Scenario 2: In order to be bearish it needs to push through the Quarterly Resistance (1.0143) the Low of Mother Bar is the almost the same value, A successful test with LOW VOLUME is required to ensure that all Demand has ended...

The Pair has been in range between Pivots since 7 days

According to the analysis, pair is expected to find support at 1.01754, and a fall through could take it to the next support level of 1.01534. The pair is expected to find its first resistance at 1.02280, and a rise through could take it to the next resistance level of 1.02586.

USD CHF previous day range was 52.6 and current day range is 12.

GBP CAD

The GBP traded higher against CAD and closed at 1.7384.

GBPCAD formed a Multiple Mother Bar in side Bar It's in a range now.
Its in a range of Pivots ( Quarterly and Yearly ) 1.7315-1.7463

The Pair has been In range between Pivots since 19 days
Once breakout occurs The pair may lead to a prominent trend

According to the analysis, pair is expected to find support at 1.73558, and a fall through could take it to the next support level of 1.73274. The pair is expected to find its first resistance at 1.74190, and a rise through could take it to the next resistance level of 1.74680.

GBP CAD previous day range was 63.2 and current day range is 22.
 

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jimmyforex

Member
Technical Overview of USD/JPY,
GBP/USD and GBP/CHF Currency Pairs

USD JPY

The USD traded lower against the JPY and closed at 111.641.

USDJPY formed series of HH and HL then now over night it made LL
A series of H & LL is start of a new downtrend
The Support from D1 trend line has also broken and has been tested also

Scenario 1: In order to Go Bullish it needs to Break the Yearly Resistance 112.075
Scenario 2: In order to be bearish it needs to push through the Quarterly 111.49

According to the Analysis, The pair is expected to find support at 111.488, and a fall through could take it to the next support level of 111.334. The pair is expected to find its first resistance at 111.846, and a rise through could take it to the next resistance level of 112.050.

Previous Day range was 3580 and Current Day Range is 1340.

GBP USD

The GBP traded higher against the USD and closed at 1.2932.

GBPUSD RESPECTING the resistance from D1 resistance trend line.

Now the pair stalls on the Quarterly Pivots Level

As it can be seen that the pair made a series of LH and LL so a down trend is expected.
Alternatively a bullish trend may start after the Daily Trend Line Resistance is broken...

The pair is expected to find support at 1.29087, and a fall through could take it to the next support level of 1.28858. The pair is expected to find its first resistance at 1.29506, and a rise through could take it to the next resistance level of 1.29696.

GBP USD previous Day range was 41.9 and Current Day Range is 23.4.

GBP CHF

The GBP traded higher against CHF and closed at 1.3186.

GBPCHF broke the daily support trend line.

The pair stalls @ Quarterly and yearly Pivot As marked. If the pair breaks the 127 extension then it may bre bullish or else in the alternate scenario if the price breaks the low of Daily support then a DOUBLE TOP may have to form.
According to the analysis, pair is expected to find support at 1.31600, and a fall through could take it to the next support level of 1.31346. The pair is expected to find its first resistance at 1.32064, and a rise through could take it to the next resistance level of 1.32274.

GBP CHF previous day range was 46.4 and current day range is 23.2.
 

Attachments

jimmyforex

Member
Technical Overview of GBP/JPY and AUD/NZD Currency Pairs

GBP JPY


The GBP traded higher against the JPY and closed at 146.344.

GBPJPY @ a very strong resistance
Reasons
1- The Long Blue candle Represents Climax candle (indicating that smart money may be interested in selling).
2- Abcd formed @ 127Extension.
3- 127 level in confluence with trendline of Pivot Candles.
4- Price approaching the Middle Resistance 1 of 1st Quarter.
5- RSI H4 & D1 Already in Over Bought level.
6- High of Previous Daily & Weekly Candle also Broken.
So Scenarios
If we see A Low Volume Test (two bullish candles followed by a bearish one with low volume then we can expect selling).
If we break above the 161 Level with 2 bearish candles followed by 1 bullish low volume candle may resume uptrend.

According to the Analysis, The pair is expected to find support at 145.254, and a fall through could take it to the next support level of 144.164. The pair is expected to find its first resistance at 146.951, and a rise through could take it to the next resistance level of 147.558.

GBP JPY Previous Day range was 16970 and Current Day Range is 9510.

AUD NZD

The AUD traded higher against the NZD and closed at 1.0572.

The Pair Formed
1- Mother bar in side bar @ the Quarterly Resistance, Previous Month Resistance and Monthly Pivot Levels. It’s in a range for now.
2- 55 and 21 Period Moving average has a downward slope.
3- Pair has made a series of LH and LL and the Trendline from the PIVOT CANDLES has been formed.

Scenarios

1- A break below the Low of Mother bar may continue the trend.
Or
2- A break above the Mother bar High may have a change in bias towards the up side.
The pair is expected to find support at 1.05557, and a fall through could take it to the next support level of 1.05396. The pair is expected to find its first resistance at 1.05833, and a rise through could take it to the next resistance level of 1.05948.

AUD NZD previous Day range was 27.6 and Current Day Range is 32.4.
 

jimmyforex

Member
Technical Overview of AUD/CHF and EUR/AUD Currency Pair

AUD CHF


The AUD traded lower against the CHF and closed at 0.7128.

It’s an interesting pair; let’s see what it has for us today. The same Directions apply to almost all of the AUD pairs.

1-It formed A daily Motherboard Inside bar
2- It’s in confluence with Yearly Pivots
3- It’s in confluence with Quarter Pivots
4- It’s in confluence with Month Pivots
5- The Pair has been making a series of LL and LH.
6- The Pivotal Trend line has broken to the upside.
7- The Trendline has been Tested

Scenario 1-If we get a break above the 0.7160 -0.7175 Zone of Year/Quarter & Month Pivot then we may Expect to move UP
Scenario 2- If we break the lows of Mother bar Inside bar then we may go Down

According to the Analysis, The pair is expected to find support at 0.71082, and a fall through could take it to the next support level of 0.70884. The pair is expected to find its first resistance at 0.71540, and a rise through could take it to the next resistance level of 0.71800.

AUD CHF Previous Day range was 45.8 and Current Day Range is 26.7.

EUR AUD

The EUR traded higher against the AUD and closed at 1.6011.

Pair has formed

1 - It formed a daily Mother bar Inside bar.
2 - It’s in confluence with Yearly Pivots.
3 - It’s in confluence with Quarter Pivots.
4 - Range of Quarter and Year Pivots.
5 - The Pair has been making a series of HH and HL.
6 - Break Above or below the 127 Extension may lead pair to the short term trend.

According to the Analysis, The pair is expected to find support at 1.59644, and a fall through could take it to the next support level of 1.59184. The pair is expected to find its first resistance at 1.60376, and a rise through could take it to the next resistance level of 1.60648.

EUR AUD Previous Day range was 73.2 and Current Day Range is 62.
 

jimmyforex

Member
Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair

EUR NZD

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The EUR traded higher against the NZD and closed at 1.7028.
The pair formed a Motherbar Insidebar
The pair is stalling @ yearly Pivots
The yearly Pivots is same as Previous Quarter Pivot
The pair is stalling @ Resistance Quarter
The Pair is forming Series of HH and HL

Scenario
1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend
2- A break below MResQ1 may lead the pair downward

According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.

EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.

GBP CHF
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The GBP traded higher against the CHF and closed at 1.315.

The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ Resistance1 Quarter.
The Pair is forming Series of HH and HL.

Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above MResQ1 may lead the pair UP.

According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.

GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.

NZD CAD
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The NZD traded lower against the CAD and closed at 0.8853.

The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ support 1 Quarter.
The Pair is forming Series of LH and LL.

Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above high of Motherbar then may lead the pair UP.

According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.
 

jimmyforex

Member
Technical Overview of EUR/JPY and EUR/NZD Currency Pair

EUR JPY


The EUR traded lower against the JPY and closed at 122.724.

1 - Formed a Motherbar Inside bar @ D1.
2 – Broke the Quarterly Pivot to the down side.
3 - Making a series of LH and LL.
4 - Main Trend Down.

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 122.518, and a fall through could take it to the next support level of 122.311. The pair is expected to find its first resistance at 122.944, and a rise through could take it to the next resistance level of 123.163.

EUR JPY Previous Day range was 4260 and Current Day Range is 5250.

EUR NZD

The EUR traded higher against the NZD and closed at 1.7093.

1 - Formed a Motherbar Inside bar @ D1.
2 - Stalls at the Yearly Pivot.
3 - Making a series of HH and HL.

Break above 127 Extension may form a Bullish Momentum
Break below 127 Extension may form a Bearish Momentum

According to the Analysis, The pair is expected to find support at 1.70420, and a fall through could take it to the next support level of 1.69906. The pair is expected to find its first resistance at 1.71337, and a rise through could take it to the next resistance level of 1.71740.

EUR NZD Previous Day range was 91.7 and Current Day Range is 33.6.

Fundamental Events over Night

1 - The dollar held near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields.
2 - Pound falls below $1.28 as pressure builds on May to go.
3 - The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday.
 

jimmyforex

Member
Technical Overview of GBP/JPY and GBP/USD Currency Pair

GBP JPY


The GBP traded higher against the JPY and closed at 139.972.

The Pair formed
1 - Formed a Motherbar Inside bar @ D1.
2 - Stalls at the Yearly Support.
3 - Making a series of LH and LL.
Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

Currency Strength Meter shows that JPY is the weakest for now.

According to the Analysis, The pair is expected to find support at 139.595, and a fall through could take it to the next support level of 139.215. The pair is expected to find its first resistance at 140.420, and a rise through could take it to the next resistance level of 140.869.

GBP JPY Previous Day range was 8250 and Current Day Range is 4340.

GBP USD

The GBP traded lower against the USD and closed at 1.2721.

The Pair formed
1 - Formed a Motherbar Inside bar @ D1
2 - Stalls at the Yearly Support and The Quarter Support
3 - Making a series of LH and LL

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

Currency Strength Meter shows that GBP is the Strongest for now

According to the Analysis, The pair is expected to find support at 1.27044, and a fall through could take it to the next support level of 1.26881. The pair is expected to find its first resistance at 1.27470, and a rise through could take it to the next resistance level of 1.27733.

GBP USD Previous Day range was 42.6 and Current Day Range is 15.6.

Fundamental Overview

POUND: Faces the biggest Weekly drop of the year 2019.
AUD/USD drops 20 pips after RBA minutes talk of rate.
AUD/JPY weakens to revisit 76.00 as RBA minutes seem dovish.
 

jimmyforex

Member
Technical Overview of USD/JPY, EUR/AUD and EUR/JPY Currency Pair

USD JPY


The USD traded higher against the JPY and closed at 110.345.

1- In past it formed a Motherbar Insidebar after a decline of 296 pips, It was in a phase of Accumulation.
2 - Now its above the 60/80 Ema.
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 110.84 and Low is 109.76 , Roughly 110 pip.
6 - Its above the Quarter and Year Pivot and is stalling @
a- 5 Day ADR High
b- Middle Support –1 Month
C- High of the motherbar/insidebar

Break above the 127 Extension of the motherbar high may trigger buying opportunities
Alternatively
Break of the Lower ADR value may resume the previous trend.
According to the Analysis, The pair is expected to find support at 110.182, and a fall through could take it to the next support level of 110.018. The pair is expected to find its first resistance at 110.566, and a rise through could take it to the next resistance level of 110.786.

USD JPY Previous Day range was 3840 and Current Day Range is 2370.

EUR AUD

The EUR traded higher against the AUD and closed at 1.6201.

I have been watching this pair since 4 days as it has many aspects laying inside it

1 - Making a series of HH and HL
2 - Formed a Motherbar Inside bar @ D1
3 - In confluence with
Quarter Pivot
Yearly and Quarter Resistance
5 DAY ADR
4 - Formed a Support Trend Line

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 1.61838, and a fall through could take it to the next support level of 1.61670. The pair is expected to find its first resistance at 1.62278, and a rise through could take it to the next resistance level of 1.62550.

EUR AUD Previous Day range was 44 and Current Day Range is 39.4.

EUR JPY

The EUR traded lower against the JPY and closed at 123.03.

EURJPY what is this Pair upto?

1 - In past it formed a Motherbar Insidebar after a decline of 296 pips.
2 - Now its above the 60/80 Ema.
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 123.63 and Low is 122.39, Roughly 150 pip.
6 - It stalling @ Quarter Pivot &
a - 5 Day ADR High
b - Middle Support –1 Month
C - High of the mother bar/in side bar

Break above the 127 Extension of the mother bar high may trigger buying opportunities
Alternatively
Break of the Lower ADR value may resume the previous trend.

According to the Analysis, The pair is expected to find support at 122.837, and a fall through could take it to the next support level of 122.645. The pair is expected to find its first resistance at 123.362, and a rise through could take it to the next resistance level of 123.695.

EUR JPY Previous Day range was 5250 and Current Day Range is 2890.
 
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