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  1. #1
    Join Date
    Oct 2015
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    64

    Default Daily Technical News Update by Xtreaforex.com

    FOREX - Market Morning Briefing

    Markets are volatile and probably in a worry phase just now, trying to decide the near term direction. With oil prices falling, people are looking forwards to the FED meet next week. Although weak fundamental data recently have reduced the chances of a sep-rate hike, there are mixed sentiments in the market.

    Dollar Index (95.58)is trading higher and could test levels of 95.82-96.12 in the near term. Long term channel support near 94.20 holds well for now..

    Euro (1.1218) is trading above 1.12 and may continue to remain choppy in the 1.1175-1.1275 in the near term with some bias on the downside as mentioned earlier.

    Pound (1.3189) has come down as expected and could continue to fall towards 1.310-1.307 in the near term.

    Dollar-Yen (103.021) rose in line with our expectation. There is a higher chance that the currency pair could start moving up now trying to break above 103-104 in the medium term. Also refer to “INTEREST RATES” section below. Also keep an eye on the Nikkei, which if starts moving up, could take up Dollar-Yen higher.

    Aussie (0.7484) has fallen sharply after facing rejection from 0.77 last week. It has broken below our mentioned support near 0.7498. But while it trades above 0.7450, there is chance of recovering back to 0.76 in the medium term.

  2. #2
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    EUR/USD - Daily Market News

    The EUR rose marginally against the USD and closed at 1.1243,
    The pair is expected to find support at 1.1208, and a fall through could take it to the next support level of 1.1180.
    The pair is expected to find its first resistance at 1.1274, and a rise through could take it to the next resistance level of 1.1312.


    GBP/USD - Daily Market News

    The GBP declined slightly against the USD and closed at 1.3243,
    BoE hinted that another rate cut could be introduced later this year.

    The pair is expected to find support at 1.3184, and a fall through could take it to the next support level of 1.3137.
    The pair is expected to find its first resistance at 1.3271, and a rise through could take it to the next resistance level of 1.3311.



    USD/JPY – Daily Market News

    The USD declined 0.59% against the JPY and closed at 101.85.

    The pair is expected to find support at 101.60, and a fall through could take it to the next support level of 101.15.
    The pair is expected to find its first resistance at 102.62, and a rise through could take it to the next resistance level of 103.19.

  3. #3
    Join Date
    Oct 2015
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    Default

    Daily Technical analysis by XtreamForex
    EUR/USD
    Technical Overview:
    Prev. Close 1.1211
    Open 1.1211
    Day’s Range 1.1205 - 1.1216
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.04%
    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.
    Technical Indication: Strong Sell

    GBP/USD
    Technical Overview:
    Prev. Close 1.2836
    Open 1.2836
    Day’s Range 1.2829 - 1.286
    52 wk Range 1.2796 - 1.5513
    1-Year Return - 15.4%
    Support and Resistance:
    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.
    Technical Indication: Strong Sell

  4. #4
    Join Date
    Oct 2015
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    64

    Default

    USD/JPY
    Technical Overview:
    Prev. Close 104.73
    Open 104.46
    Day’s Range 104.44 - 104.94
    52 wk Range 99.08 - 123.69
    1-Year Return - 13.13%

    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 104.56 below which 104.54 and 104.51 could be tested. On the other side the immediate resistance 104.60. A break beyond the last, doors will open for a test of 104.62 and from there to 104.65.
    Upcoming Economic News:
    1. USD - Core PCE Price Index m/m at 03.30 PM
    2. USD - Personal Spending m/m at 03.30 PM
    3. USD - Personal Income m/m at 03.30 PM
    4. USD - Chicago PMI at 04.45 PM


    USD/CAD
    Technical Overview:
    Prev. Close 1.3397
    Open 1.3424
    Day’s Range 1.3401 - 1.3424
    52 wk Range 1.2458 - 1.4692
    1-Year Return +2.58%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3404 below which 1.3401 and 1.3399 could be tested. On the other side the immediate resistance 1.3408. A break beyond the last, doors will open for a test of 1.3411 and from there to 1.3413.
    Upcoming Economic News:
    1. CAD - RMPI m/m at 03.30 PM
    2. CAD - IPPI m/m at 03.30 PM

  5. #5
    Join Date
    Oct 2015
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    Default

    EUR/USD
    Technical Analysis Overview:
    Prev. Close 1.0980
    Open 1.0980
    Day’s Range 1.0962 - 1.0981
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.34%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0976 below which 1.0970 and 1.0965 could be tested. On the other side the immediate resistance 1.0987 and may go for further test 1.0992. A break beyond the last, doors will open for a test of 1.0998

    Upcoming Important Economic News: (GMT +3)
    1. CHF - Retail Sales y/y at 11.15 AM
    2. CHF - Manufacturing PMI at 11.15 PM


    GBP/USD
    Technical Overview:
    Prev. Close 1.2239
    Open 1.2239
    Day’s Range 1.2212 - 1.2245
    52 wk Range 1.1450 - 1.5498
    1-Year Return - 20.80%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2234 below which 1.2224 and 1.2214 could be tested. On the other side the immediate resistance 1.2254. A break beyond the last, doors will open for a test of 1.2264 and from there to 1.2274.

    Upcoming Important Economic News:
    1. GBP - Manufacturing PMI at 12.30 PM

    USD/JPY
    Technical Overview:
    Prev. Close 104.83
    Open 104.83
    Day’s Range 104.67 - 104.97
    52 wk Range 99.08 - 123.69
    1-Year Return - 13.13%

    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 104.73 below which 104.64 and 104.55 could be tested. On the other side the immediate resistance 104.91. A break beyond the last, doors will open for a test of 105.00 and from there to 105.09.
    Upcoming Important Economic News:
    1. USD - Final Manufacturing PMI at 04.45 PM
    2. USD - ISM Manufacturing PMI at 04.45 PM


    USD/CAD
    Technical Overview:
    Prev. Close 1.3409
    Open 1.3409
    Day’s Range 1.3403 - 1.3426
    52 wk Range 1.2458 - 1.4692
    1-Year Return +2.62%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3404 below which 1.3399 and 1.3394 could be tested. On the other side the immediate resistance 1.3416. A break beyond the last, doors will open for a test of 1.3421 and from there to 1.3426.
    Upcoming Economic News:
    1. CAD - GDP m/m at 03.30 PM
    2. CAD - BOC Gov Poloz Speaks at 07.00 PM
    3. CAD - RBC Manufacturing PMI

  6. #6
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    Oct 2015
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    EUR USD Market News
    Today forex technical market news shows EUR market decreased -0.53% against the USD yesterday. EUR USD market closed at 1.1040. Today market will range 1.1030 - 1.1050.
    Today the EUR / USD started with -0.01% in Asia, down from yesterday close. The EUR USD is trading now at 1.1039
    Due to USA election market is moving sideways without any major changes. In the euro zone, data earlier showed that German factory orders fell 0.6% in September, confounding expectations for a 0.3% rise. Factory orders increased 0.9% in August, whose figure was revised from a previously estimated 1.0% climb.

    Daily Support and Resistance:
    Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.1030 below which 1.1019 and 1.1009 could be tested. On the other side the immediate resistance 1.1050 and may go for further test 1.1061. A break beyond the last, doors will open for a test of 1.1071.


    Today EURUSD Investors will look forward to the following economic data (GMT+3):
    1. EUR - German Industrial Production m/m at 10.00 am
    2. EUR - German Trade Balance 10.00 am
    3. EUR - French Gov Budget Balance at 10.45 am
    4. EUR - French Trade Balance 10.45 am
    5. EUR - ECOFIN Meetings ( All Day Long)

  7. #7
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    104

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    EUR USD Market News

    Today forex technical market news shows EUR market decreased -0.99% against the USD yesterday. EUR USD market closed at 1.0910. Today market will range 1.0909 – 1.0953.

    Today the EUR / USD started at 1.0910 in Asia, down from yesterday close. The EUR USD is trading now at 1.0945, which is 0.30% up from today’s opening price.
    EUR/USD retreated 0.83% to 1.0935, off a two-month peak of 1.1300 hit overnight.
    The dollar initially plunged after Trump was declared the 45th U.S. President, confounding expectations for a Democratic victory.

    Trump received a call from his opponent Hillary Clinton to concede the presidency, after he clinched victories in the key battleground states of Florida, North Carolina and Ohio.

    Following the market news, European Central Bank Governing Council member Ewald Nowotny said the ECB is ready to intervene in markets in an emergency.

  8. #8
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    Oct 2015
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    NZD USD Forecast for the Week 28th November, 2016

    The NZD traded against USD in a narrow rage and trying to recover from 0.70. The RBNZ sticks out in the first week of the last month. Here is an NZD USD forecast for the week of 28th November and undated technical analysis.
    The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short.
    There are 4 major economic events will come this week for NZD USD pair.
    1. RBNZ Financial Stability Report
    2. ANZ Business Confidence
    3. Graeme Wheeler talks
    4. Overseas Trade Index

    NZD USD Forecast: Technical Overview

    Previous week close: 0.7044
    Current Week Open: 0.7053
    Today’s Market Range: 0.7034 – 0.7090
    52 wk Range: 0.6346 – 0.7487
    1-Year Return: 8%

    Weekly Support and Resistance Forecast

    S 1: 0.7032
    S 2: 0.7021
    S 3: 0.7010

    R 1: 0.7054
    R 2: 0.7065
    R 3: 0.7076

  9. #9
    Join Date
    Oct 2015
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    Technical Forecast Overview

    Yesterday Closed 1.2321
    Today Open 1.2321
    Day’s Range 1.2317 - 1.2349
    52 wk Range 1.1450 - 1.5020
    1-Year Return - 15.85%

    GBP/USD Technical Support and Resistance

    Possible trading range for today 1.2317 - 1.2349

    GBP/USD forecast : GBPUSD pair possibly will find the immediate support at 1.2245. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2212 and 1.2159.

    On the other side the market has immediate resistance at 1.2351. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2384 and 1.2437.

    GBP/USD Fundamental Analysis
    The GBPUSD made brisk progress yesterday and today morning as the dollar strength underwent a correction after the release of the FOMC minutes. The markets had been subdued for most of the day yesterday but the action has picked up ever since the release of the FOMC minutes during the middle of the NY session yesterday and this action has seen the correction of the dollar almost all across the board.

    We have the services PMI from the UK and the ADP Employment data, Non-Manufacturing PMI and Unemployment Claims from the US today. All these data will be keenly watched by the market as a lead up to the important NFP report tomorrow and the rest of the week could set the tone for the markets for the entire month. Strong data from the US over the next couple of days could see the return of the dollar strength, which could then extend to rest of the month.

    GBP/USD Important Economic Events: (GMT +2)
    1. 11:30am GBP Services PMI
    2. 3:15pm USD ADP Non-Farm Employment Change
    3. 3:30pm USD Unemployment Claims
    4. 4:45pm USD Final Services PMI
    5. 5:00pm USD ISM Non-Manufacturing PMI
    6. 5:30pm USD Natural Gas Storage

  10. #10
    Join Date
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    EUR USD Forecast for January 19, 2017
    EUR USD Technical Overview
    Yesterday Closed 1.0630
    Today Open 1.0630
    Day’s Range 1.0622 – 1.0642
    52 wk Range 1.0339 – 1.1616
    1-Year Return – 2.6%

    EUR USD Technical Support and Resistance
    EUR USD Forecast: EUR USD pair possibly will find the immediate support at 1.0622. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0600 and 1.0565.
    On the other side, the market has immediate resistance 1.0692. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0714 and 1.0749.

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