You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 7 of 7
  1. #1
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default XtreamForex Daily Technical Analysis

    Hello

    My name is Jimmy Sergill.
    Official Representative of XtreamForex. In this thread we will share daily technical analysis of Forex Pairs.
    For any kind of query you can ask here, I will assist you as soon as possible!

    With Regards
    Jimmy Sergill

  2. #2
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default Technical Overview of GBP/USD and EUR/JPY Currency Pair

    GBP USD

    GBP traded higher against USD and closed at 1.2527.
    GBP/USD - Charts Suggest the 2019 Low Is Vulnerable.
    D1 and H4 200 EMA Heads to south.
    Broke D1 Ib towards the down side.
    Broke the Quarter Support and Month Support.
    Series of Lower Lows and Lower Highs.

    According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378.

    EUR JPY

    EUR traded lower against JPY and closed at 121.779.
    EUR/JPY: Scope for Retesting 120.82.
    D1 and H4 200 EMA Heads to south.
    Broke D1 Ib towards the down side.
    It's in range but projects towards the down side.

    According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108.

    Major Economic Events of the Day
    Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

    For Detailed analysis visit XtreamForex YouTube Channel.

  3. #3
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default

    Technical Overview of EUR/USD and AUD/USD and GBP/NZD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1208.
    EUR is expected to trade sideways, likely within a 1.1190/1.1230 range.
    According to the Analysis, pair is expected to find support at 1.11943 and a fall through could take it to the next support level of 1.11810. The pair is expected to find its first resistance at 1.12198, and a rise through could take it to the next resistance level of 1.12320.

    AUD USD

    AUD traded lower against USD and closed at 0.6926.
    AUD/USD - Edges Lower After Weak Consumer Confidence
    Bears Seem Confident Ahead Of Fed

    According to the Analysis, pair is expected to find support at 0.69059 and a fall through could take it to the next support level of 0.68858. The pair is expected to find its first resistance at 0.69604, and a rise through could take it to the next resistance level of 0.69948.

    GBP NZD

    GBP traded lower against NZD and closed at 1.8856.
    Overnight NZD was struck by a massive selling order. It was almost 34 pips in Asian session.
    UK Manufacturing Production today
    We can see that the expected 2.1 is way lot better than previous –3.9
    if we have a positive tone from GBP then the Technical and fundamental bounce from the lows will be supported.

    According to the Analysis, pair is expected to find support at 1.88115 and a fall through could take it to the next support level of 1.87673. The pair is expected to find its first resistance at 1.88989, and a rise through could take it to the next resistance level of 1.89421.

    Major Economic Events of the Day
    CAD: BOC Tone On Wed Likely A Bit More Optimistic Than Markets Assuming – CIBC
    “While not a stunner for markets, the tone will tend to be a bit more optimistic than what markets are now assuming.”
    The Consumer Price Index is released by the National Bureau of Statistics of China. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.
    Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Powell's prepared remarks are published ahead of the appearance on Capitol Hill.

    For Detailed analysis visit XtreamForex YouTube Channel.

  4. #4
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default

    Technical Overview of USD/CAD and USD/JPY Currency Pair

    USD CAD
    USD traded lower against CAD and closed at 1.3069.
    Trades near the yearly-low (1.3037) even though the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy, and recent price action keeps the downside targets on the radar as the exchange rate fails to break out of the monthly opening range.

    According to the Analysis, pair is expected to find support at 1.30436 and a fall through could take it to the next support level of 1.30179. The pair is expected to find its first resistance at 1.30931, and a rise through could take it to the next resistance level of 1.31169.

    USD JPY
    USD traded lower against JPY and closed at 108.487.
    USD/JPY to find support from yields may face resistance above 109.00.
    Its approaching resistance level and fundamentally the weakness of USD may drive the pair lower.

    According to the Analysis, pair is expected to find support at 108.053 and a fall through could take it to the next support level of 107.618. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 108.964.

    For Detailed analysis visit XtreamForex YouTube Channel.

  5. #5
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default

    Technical Overview of AUD/USD and USD/JPY Currency Pair

    AUD USD

    AUD traded higher against USD and closed at 0.7022.

    Maintain a bullish data; Staying Long is more favorable as compared to short. Daily chart has a break above close above 10 EMA. Targets may be 0.73, Daily High and Weekly High has also been breached over night. Looking for a break meaningfully above resistance earlier this week at 0.7036 and remain long AUDUSD targeting 0.7300.

    According to the Analysis, pair is expected to find support at 0.69868 and a fall through could take it to the next support level of 0.69515. The pair is expected to find its first resistance at 0.70409, and a rise through could take it to the next resistance level of 0.70597.

    USD JPY

    USD traded higher against JPY and closed at 107.885.

    3 - Bearish Days for the Dollar, Expectations are the Rate cut by end of July.
    Bearish sentiment leads the currency against the basket of CHF and JPY.
    Selling rallies may be a positive approach in trading the safe-heaven. The basket trades below Quarterly and Yearly Pivots.

    According to the Analysis, pair is expected to find support at 107.589 and a fall through could take it to the next support level of 107.292. The pair is expected to find its first resistance at 108.394, and a rise through could take it to the next resistance level of 108.902.

    Major Events of the Day

    NZD: Consumer Price Index (YoY) (Q2)
    Consumer Price Index released by the Statistics New Zealand 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 NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

    CNY: Gross Domestic Product (QoQ) (Q2)
    The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).

  6. #6
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default

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



    EUR traded higher against USD and closed at 1.1220.

    Below 200 and 50 EMA with the trend towards the down side.
    Making a series of Lower Highs and Lower Lows.
    Stalling in the Weekly Inside bar Pattern.
    Break on either side may lead the trend.
    The most important factor is the Fed rate cut.

    According to the Analysis, pair is expected to find support at 1.1214 and a fall through could take it to the next support level of 1.1207. The pair is expected to find its first resistance at 1.1226, and a rise through could take it to the next resistance level of 1.1231.

    AUD NZD

    AUD traded lower against NZD and closed at 1.0401.

    Below 200 and 50 EMA with the trend towards the down side.
    Making a series of Lower Highs and Lower Lows.
    Broke the Weekly inside Bar Pattern to the down side.
    Broke the low of Monthly candle,
    Any Selling opportunity may be good option.

    According to the Analysis, pair is expected to find support at 1.0383 and a fall through could take it to the next support level of 1.0376. The pair is expected to find its first resistance at 1.0396, and a rise through could take it to the next resistance level of 1.0402.

    EUR JPY

    EUR traded lower against JPY and closed at 120.77.

    Bears in control as they broke the Weekly In sidebar and are to target the bearish ABCD Pattern, heading towards minimum 127 extension.

    ECB steers the market towards more easing later in the year.
    Quantitative Easing and Further rate cut by 10 Basis Points will weaken the EURO.
    This rate cut may occur in September.
    Until then EURO may remain sideways.

    According to the Analysis, pair is expected to find support at 120.94 and a fall through could take it to the next support level of 120.86. The pair is expected to find its first resistance at 121.10, and a rise through could take it to the next resistance level of 121.20.

    For Detailed analysis visit XtreamForex YouTube Channel.

  7. #7
    jimmy sergill is offline Senior Member
    Join Date
    Oct 2012
    Posts
    111

    Default

    Technical Overview of EUR/USD and GBP/CHF Currency Pair

    EUR USD

    EUR traded lower against USD and closed at 1.1208.

    EUR/USD - Bears get clear signals ahead of ECB Meet.
    We have break below close below of Daily Ib and Weekly Ib.
    Bollinger bands facing towards south.
    EUR/USD near-term downside limited to channel base 1.1158
    Quiet Trading Expected Ahead Of Key Event Risks
    ECB meeting Thursday and FOMC next week likely be catalysts for breakout.

    According to the Analysis, pair is expected to find support at 1.12013 and a fall through could take it to the next support level of 1.11941. The pair is expected to find its first resistance at 1.12204, and a rise through could take it to the next resistance level of 1.12323.

    GBP CHF

    GBP traded higher against CHF and closed at 1.225.

    The GBP/CHF continued to trade downwards, targeting the lower area located @1.2000.
    Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages and has breached low of Monthly candle currently located in the 1.2285/1.2325 range, it is expected, that the British Pound could continue to depreciate against the Swiss Franc.

    According to the Analysis, pair is expected to find support at 1.22173 and a fall through could take it to the next support level of 1.21845. The pair is expected to find its first resistance at 1.22931, and a rise through could take it to the next resistance level of 1.23361.

    Fundamentals of the Day

    1) Dollar rises as fears of a 50 point interest-rate cut fade
    The U.S. dollar rose in afternoon trade on Friday as fears of a larger-than-expected 50-basis-point interest rate cut in July abated after the New York Federal Reserve walked back dovish comments from its president the prior day.

    2) ECB Bank Lending Survey
    The bank lending survey (BLS) for the euro area was launched in 2003. Its main objective is to enhance the Eurosystem’s knowledge of financing conditions in the euro area. The BLS provides input to the ECB Governing Council’s assessment of monetary and economic developments, on which it bases its monetary policy decisions.

    3) FPC Meeting Minutes
    Bank of England Financial Policy Committee Minutes is a detailed record of the FPC's most recent meeting. The report, which is released quarterly, provides in-depth insights into the financial conditions and decisions towards financial stability.

    4) Tory Leadership Contest Result Announcement
    The UK Conservative Party is set to announce the results of the vote for its new leadership. UK tories have been voting for weeks and the race has been trimmed to two candidates: Boris Johnson and Jeremy Hunt. The winner of the contest will become the new British Prime Minister, succeeding Theresa May at the Number 10 Downing Street office.

    For Detailed analysis visit XtreamForex YouTube Channel.

Similar Threads

  1. XtreamForex.com
    By jimmy sergill in forum Online Forex Trading
    Replies: 7
    Last Post: 05-02-2019, 12:28 AM
  2. Daily Technical Analysis
    By dailyfxanalysis in forum EUR USD, GBP USD, USD CHF ...
    Replies: 16
    Last Post: 05-15-2013, 01:40 AM
  3. Daily Technical Analysis
    By dawsonglen in forum Forex Forecast
    Replies: 1
    Last Post: 05-08-2013, 10:53 PM
  4. Replies: 0
    Last Post: 04-22-2010, 03:55 AM
  5. Daily Technical Analysis - 7/02/08
    By forextrader73 in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 02-07-2008, 06:31 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0