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  1. #11
    AppleFXMart is offline Senior Member
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    AUD/USD Technical Analysis: October 10, 2016

    The U.S. labor market is on a low these past weeks which is favorable for the AUD/USD pair as it helps to its recovery from two-week lows. The price activity remains Bearish with a formidable support at 0.7550 after a 4 day decline. The Consolidation range is between 0.7550 and 0.7590.

    Its 50, 100 and 200 EMAs are moving in downtrend with 200 EMAs came to a halt after it tried to break higher. The MACD implies the seller'sí position to weaken as it continue to grow while its RSI is within the bounds of oversold area.

    Such trend continues and breaks at 0.7600 will further extend its recovery to 0.7650. The next target for the sellers stay at 0.7540 support level.

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  2. #12
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    GBP/USD Fundamental Analysis: October 10, 2016

    The outset of the pair fluctuated under the pressured area due to the remarks made by UK PM May that also laid out the itinerary of the EU exit process and made some indication regarding a tough negotiations and process.

    The sterling and greenbacks sustained a weak position and drove to the lowest level of Brexit at 1.2790 wherein the market was very apprehensive during that time. Furthermore, a tension were formed as the GBPUSD dropped 800 pips within 5 minutes over the trading hours. Nobody knows the main reason that proceeded for a declivity accompanied with major losses accrued by bullish investors.

    After the damage that occurred, the pound and dollar were able to compensate its deficit on Friday but the level of uncertainty or risk that the pair demonstrated indicated that it does not hold a stable conditions at present. It is recommended for the traders to wait more at least for two day so that it is much secured in dealing with this two currencies. The support is nearby the 1.2200 and resistance is spotted at 1.2500. Be more cautious in trading using pound and greens, it is much advisable to set aside this first.

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  3. #13
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    USD/CAD Fundamental Analysis: October 10, 2016

    During the entire week the USD CAD remained in the support level of 1.3080 while the resistance settled at 1.3280. The pair reached the endpoint at an extreme range finished over the 1.3296 region and it is assumed that the pair seems a bullish run but the outset still unidentified.

    Aside from the FOMC meeting on US, major news are awaited by the Canadian region. It is important to note that there is an upcoming break at the top of the range plunged at 1.3280. Moreover, we are looking forward for a clear break of resistance on Monday though still needs some ratification, and if it take place then it would likely indicate a pair retesting by which traders and investors should be ready about. While waiting for the rapid price decline, it has greater chance to have more period of consolidation over the given range which may carried throughout a few more days.

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  4. #14
    AppleFXMart is offline Senior Member
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    USD/CAD Technical Analysis: OCtober 10, 2016

    The pair USD/CAD leaped to 150 points and closed at 1.3283 last week. The Canadian labor market advanced last August that rendered 67.2 thousand jobs. However its losses overshadowed the advantages with disappointments from the NFP results since wage growth and short of jobs in the data.

    The pair started the week at 1.3130 followed by a low in 1.3067 level. It bounced to high of 1.3313 and continues to move upward with the Resistance sustained at 1.3353. It closed at 1.3283 level.

    Overall, the trend remains Bullish despite growth in oil prices and strong job report. The December rate hike is still pending with USD advances in a positive outlook.

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  5. #15
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    GBP/JPY Technical Analysis: October 10, 2016

    The pair GBP/JPY is being under pressure by standing on a negative trend line. There is not much activity for RSI to move on an upward direction while the 50-EMA is higher than 20-EMA . Pound continues to weaken then feel by 10% during early Asian trading which is beneficial for stock trading. The FTSE 100 gained by 0.6% to 7,044 which is 1% near to record close last year.

    The resistance level is at 131.00 to 133.25 and if it sustains at 130.00 then a it could drop at 126 handle. The support level is at 126 up to 123 handle.
    The price activity is below its pivot point and if this continues, the trading range remains low. Short positions target is at 126.00. This could go lower at 124.40 when a break below target happens. The pivot point is at 130 level. However, if the trend goes the other way, and bounces back, it will go higher than the pivot point. Therefore, it is suggested to go for the long position with target at 133.00 followed by 132.30 level.

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  6. #16
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    GBP/USD Technical Analysis: October 11, 2016

    The GBP/USD pair dropped from its peak of 1.2440 points and has now recorded a new low during the New York trading session. The pair is now trading within the 1.2360 range and its slight recovery during the earlier part of the London session caused the GBP/USD to retain its downward direction in the middle of little market volatility.

    The direction of the currency pair was driven by the movement of the USD due to lack of any relevant economic data released during the last trading session. The USD movement has recently been benefitting from an ease in risk aversion following the results of the US Presidential Debate. On the other hand, the sterling pound is experiencing downward pressures due to post-Brexit uncertainties, causing the GBP to decrease further during the last trading session.

    The 4-hour chart for the currency pair shows that the GBP/USD is starting to bounce back from Fridayís sudden decline even though technical indicators are still a long way from fully recovering. The 20-SMA has also decreased further and is now at 1.2560. The pair reached 1.2476 points, its highest point reached after its most recent decline. The GBP/USD must go beyond this range and reach up to 1.2520 and 1.2600 in case the USD succumbs to selling pressure.

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  7. #17
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    AUD/USD Technical Analysis: October 11, 2016

    The AUD/USD pair’s 50-MA level for the recent trading session reached the 0.7608 trading range, with trades now at 0.7590 in spite of the widening of the 10-year yield spread for AU-US. High yielders further reaped benefits during the second quarter of yields in the international market. The 10-year yields for Australia increased by 7 bps while the 10-year US yields increased by 3 bps.

    Analysts are stating these higher yields could have negative impacts on all aspects of the risk spectrum since this could lead to a drop in high-yielding currencies such as the NZD.

    Should the AUD/USD recover, then the bid tone recovery could go up into the resistance level of 0.7608 for the 50-DMA and could possibly go further up to 0.7626 for the 10-DMA. However, if the previous support levels of 0.7580 would be reached by the pair, then this could lead to a possible drop to 0.7553, with sell-offs further extending to 0.7526 which is the 100-DMA level for the GBP/USD pair.

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  8. #18
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    NZD/USD Technical Analysis: October 11, 2016

    The NZD/USD weakened during the last trading session after the USD regained some of its lost value, with the demand now testing within the 0.71 range. The USD remained sturdy throughout the Asian trading session due to the US treasury yields increase caused by rising oil prices. This also heightened the possibility of an interest rate hike this coming December, along with an exhaustion on the part of central banks and a deepening of the yield curve on the international market.

    The currency pair is now dependent on the market sentiment, particularly now that the Reserve Bank of New Zealandís Assistant Governor is set to deliver a statement with regards to the countryís low inflation rates.

    Since the NZD/USD is already trading lower than the 50-DMA and 100-DMA levels, an acceptance rate lower than 0.71 might have a significant impact on the bulls. Should the currency pair break through the support levels of 0.7049, then this could possibly reveal the 0.70 handle. On the other hand, an increase from Fridayís low of 0.7110 might lead to a steeper retracement level to 0.7155 for the 100-DMA and 0.7204 for the 10-DMA.


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  9. #19
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    4 EUR/USD Technical Analysis: October 11, 2016

    The markets of Canada, Japan and United States were consolidated. The greenbacks have improved their position right after Hillary Clinton obtained the victory on the second Presidential debate against Donald Trump because Trump’s respective image were castigated after the news broke regarding his negative treatment over a particular women as seen in the leaked video.
    Once again the single euro currency hit the pressured zone. After the pair reach the 1.1200 region there is a sudden turning point and promptly descended to the 1.1150 level. As of the moment, the euro and greens are currently moving in downward slope and arriving to a much lower price direction. Moving averages 50, 100 and 200 strived to keep the 1.1200 level. There is a toggling in prices since its prices were switching to an upper and lower movements as featured in the 4-hour chart. Resistance laid over in the 1.1200 level, support possessed the region 1.150. MACD histogram had tailed off which means that the seller’s strength became more effective. RSI draw near the negative positions.

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  10. #20
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    USD/CAD Fundamental Analysis: October 11,2016

    The greenbacks and loonies unexpectedly maneuver to a different direction. The USD completely outperform other instruments including the CAD which also lose its stability. Therefore, the pair suffered from a downfall from its weekly highs and plunged in the 1.3250 and the support befall at 1.3180.

    Regardless of a positive report of the employment in Canada last Friday, the fall off still occurred due to the notice made by Iraq about the oil price hike and limited petroleum production. However, it is much of undisputed origin that this recession is caused by the consolidation period in line with the outset of an uptrend. According to previous forecasts, there will be an indecision phase for the pair and executed a clean break through within the 1.3280 and at 1.2800 low hence signalling another direction of the trend. The pair currently covers the region 1.3198 and the trend pause is predicted to resume further.

    No new major reports were made from either countries, US or Canada thatís why this trading levels remains together with the upsurge of the prices in crude oil. This event had maintained its support for a medium and long term opportunities.


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