HotForexsignal Posted March 30, 2019 Share Posted March 30, 2019 Dollar Rides Sterling's Slump as Brexit Threequel Vote Ends in Defeat The dollar inched remote Friday as mostly downbeat economic data did small to drown out the narrative of slowing economic photograph album. But a slump in the pound underpinned the greenback as Prime Minister Theresa May's Brexit consent tasted extinguish for the third-straight era. The U.S. dollar index, which events the greenback against a trade-weighted basket of six major currencies, rose by 0.05% to 96.81. A trio of reports showing a rebound in add-on house sales, subdued inflation, and weaker consumer spending, substitute somewhat to expectations the Federal Reserve could soon clip joined rates, which would likely exert pressure behind than reference to the greenback. The Fed's preferred inflation pursuit, the personal consumption expenditures (PCE) price index, excluding food and vigor, slowed to 1.8% in the 12 months through January, missing the economists predict of 1.9%. Consumer spending, which accounts for more than two-thirds of U.S. economic objection, slowed to 0.1% in January, the Commerce Department said. The Commerce Department furthermore said subsidiary dwelling sales rose 4.9% to a seasonally adjusted annual rate of 667,000 units last month. That emphasis economists forecasts. "Clearly the recent drops in mortgage rates have fed through into some increased buying appetite," BMO said in a note client. Average 30-year unadulterated idea-rate mortgages declined by 22 basis points from 4.28% to 4.06%, resulting in the biggest single-week decrease in rates serve on 2008, according to Freddie Macs latest Primary Mortgage Survey released something behind Thursday. The downside in the dollar, however, was limited by a plunge in sterling as the Withdrawal Agreement, a share of the Brexit agreement, was disavowed by U.K. lawmakers. Lawmakers voted 344 to 286 to reject the runnings cancellation taking office. The result of the vote will have "grave" implications, May said. She added: The "real default" was that the U.K. would depart the EU in version to April 12. That raised concerns that a no-combination Brexit could be something when the horizon. But the lawmakers will accrue again re the subject of Monday to vote upon series of options to locate a habit out of the current diplomatic quagmire. The possible Brexit scenarios adjoin occurring an added referendum, revoking Article 50, a no-negotiation Brexit and a general election. GBP/USD fell 0.29% to $1.3006 and EUR/USD rose 0.035 to $1.1217. USD/JPY rose 0.18% to 110.82 as Wall Street rallied surrounded by bigger risk sentiment as the S&P nears its biggest quarterly win back the third quarter of 2009. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 1, 2019 Share Posted April 1, 2019 Technical Overview of EUR/USD, USD/CAD and GBP/USD Currency Pairs EUR USD The EUR traded higher against the USD and closed at 1.1218. The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core 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 EUR, while a low reading is seen as negative. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). According to the Analysis, The pair is expected to find support at 1.12030, and a fall through could take it to the next support level of 1.11883. The pair is expected to find its first resistance at 1.12392, and a rise through could take it to the next resistance level of 1.12607. Previous Day range was 36.2 and Current Day Range is 13.3. USD CAD The USD traded higher against the CAD and closed at 1.3352. The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish). The pair is expected to find support at 1.33149, and a fall through could take it to the next support level of 1.32777. The pair is expected to find its first resistance at 1.34157, and a rise through could take it to the next resistance level of 1.34793. USD CAD previous Day range was 100.8 and Current Day Range is 15.2. GBP USD The GBP traded higher against USD and closed at 1.3027. 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. According to the analysis, pair is expected to find support at 1.29584, and a fall through could take it to the next support level of 1.28898. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.32014. GBP USD previous day range was 155.8 and current day range is 31.2. Visit:- https://xtreamforex.com/academy/technical-overview-of-eur-usd-usd-cad-and-gbp-usd-currency-pairs-2/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 3, 2019 Share Posted April 3, 2019 Weekly Forecast of Crude Oil (USOil.x) Oil ignores the bearish API inventory report released day before yesterday and hit five-month highs a few minutes before press time. OPEC's output hit a four-year low in March. The Energy Information Administration is expected to show the US oil inventories dropped last week. US crude oil inventories unexpectedly rose by 3 million barrels last week, the American Petroleum Institute said on Tuesday. Oil prices, however, have shrugged off the bearish inventory report, and continue to cheer the OPEC-led supply cuts. According to the analysis, USOil.x pair is expected to find support at 61.91, and a fall through could take it to the next support level of 61.21. The pair is expected to find its first resistance at 63.02, and a rise through could take it to the next resistance level of 63.43. USOil.x previous day range was 11100 and current day range is 4300. The Energy Information Administration (EIA) data due later today is expected to show the US crude inventories dropped 100,000 barrels last week. A bigger drawdown could end up pushing WTI higher to $63.59 (resistance of the June 2018 low as per the weekly chart). Visit:- https://xtreamforex.com/academy/weekly-forecast-of-crude-oil-usoil-x/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 5, 2019 Share Posted April 5, 2019 Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs EUR USD The EUR traded higher against the USD and closed at 1.122. 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 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656. Previous Day range was 41.2 and Current Day Range is 11.6. NZD USD The NZD traded higher against the USD and closed at 0.6752. 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 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178. NZD USD previous Day range was 51.4 and Current Day Range is 15.1. GBP USD The GBP traded higher against USD and closed at 1.3071. According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365. GBP USD previous day range was 130.3 and current day range is 23.5. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 8, 2019 Share Posted April 8, 2019 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. Visit:- https://xtreamforex.com/academy/technical-overview-of-usd-jpy-eur-usd-and-aud-usd-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 10, 2019 Share Posted April 10, 2019 Technical Overview of GBP/USD, NZD/USD and AUD/CAD Currency Pairs GBP USD The GBP traded higher against the USD and closed at 1.3048. The European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. This meeting involves the Heads of State and Government of European Union member states. The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish). According to the Analysis, The pair is expected to find support at 1.30122, and a fall through could take it to the next support level of 1.29763. The pair is expected to find its first resistance at 1.31008, and a rise through could take it to the next resistance level of 1.31535. Previous Day range was 88.6 and Current Day Range is 19.2. NZD USD The NZD traded higher against the USD and closed at 0.674. The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish). The pair is expected to find support at 0.67315, and a fall through could take it to the next support level of 0.67232. The pair is expected to find its first resistance at 0.67531, and a rise through could take it to the next resistance level of 0.67664. NZD USD previous Day range was 21.6 and Current Day Range is 14.6. AUD USD The AUD traded higher against USD and closed at 0.7121. FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy. According to the analysis, pair is expected to find support at 0.71092, and a fall through could take it to the next support level of 0.70973. The pair is expected to find its first resistance at 0.71425, and a rise through could take it to the next resistance level of 0.71639. AUD USD previous day range was 33.3 and current day range is 33.1. Visit:- https://xtreamforex.com/academy/technical-overview-of-gbp-usd-nzd-usd-and-aud-usd-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 15, 2019 Share Posted April 15, 2019 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. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 16, 2019 Share Posted April 16, 2019 Technical Overview of NZD/USD, USD/JPY and USD/CHF Currency Pairs NZD USD The NZD traded lower against the USD and closed at 0.6762. 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. According to the Analysis, The pair is expected to find support at 0.67471, and a fall through could take it to the next support level of 0.67326. The pair is expected to find its first resistance at 0.67794, and a rise through could take it to the next resistance level of 0.67972. Previous Day range was 32.3 and Current Day Range is 27.5. USD JPY The USD traded lower against the JPY and closed at 112.033. Eric Rosengren has been President and CEO of the Federal Reserve Bank of Boston since July 2007. Previously he headed the Bank’s supervision, regulation, and credit group, and was active in domestic and international regulatory policy. Tertiary Industry Index released by the Ministry of Economy, Trade and Industry indicates the domestic service sector in Japan such as information and communication, electricity, gas heat and water, services, transport, wholesale and retail trade, finance and insurance ,and welfare. As the Japanese economy relies upon its exports, this event is expected to generate low volatility for the JPY. Generally, a high reading is positive (or bullish) for the JPY, while a low reading is negative (or bearish). The pair is expected to find support at 111.918, and a fall through could take it to the next support level of 111.803. The pair is expected to find its first resistance at 112.120, and a rise through could take it to the next resistance level of 112.207. USD JPY previous Day range was 2020 and Current Day Range is 1520. USD CHF The USD traded lower against CHF and closed at 1.0039. According to the analysis, pair is expected to find support at 1.00169, and a fall through could take it to the next support level of 0.99944. The pair is expected to find its first resistance at 1.00539, and a rise through could take it to the next resistance level of 1.00684. USD CHF previous day range was 37 and current day range is 14.3. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 22, 2019 Share Posted April 22, 2019 Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs USD CAD 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 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 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. https://xtreamforex.com/academy/technical-overview-of-gbp-usd-aud-usd-and-usd-cad-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 25, 2019 Share Posted April 25, 2019 Technical Overview of CHF/JPY, USD/CHF and EUR/USD Currency Pairs CHF JPY The CHF traded lower against the JPY and closed at 109.923. CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot. Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come). According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331. Previous Day range was 5350 and Current Day Range is 3170. USD CHF The USD traded higher against the CHF and closed at 1.0200. The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend. The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467. USD CHF previous Day range was 50.7 and Current Day Range is 16.5. EUR USD The EUR traded higher against USD and closed at 1.1154. The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg. According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588. EUR USD previous day range was 85.3 and current day range is 15.5. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 26, 2019 Share Posted April 26, 2019 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. https://xtreamforex.com/academy/technical-overview-of-usd-cad-usd-chf-eur-gbp-and-usd-jpy-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted April 30, 2019 Share Posted April 30, 2019 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. https://xtreamforex.com/academy/technical-overview-of-usd-jpy-gbp-usd-and-gbp-chf-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 2, 2019 Share Posted May 2, 2019 Technical Overview of EUR/CHF, NZD/USD and GBP/CHF Currency Pairs EUR CHF The EUR traded higher against the CHF and closed at 1.1392. 1- Mother bar @ Middle Quarter Resistance 2 2-The top is the 786 Level retracement 3- The D1 Trend line has also broken. Indicating a Bearish Movement Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Middle Quarter Resistance 1. Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top. According to the Analysis, The pair is expected to find support at 1.13750, and a fall through could take it to the next support level of 1.13577. The pair is expected to find its first resistance at 1.14244, and a rise through could take it to the next resistance level of 1.14565. Previous Day range was 49.4 and Current Day Range is 23.9. NZD USD The NZD traded higher against the USD and closed at 0.662. 1- H4 Mother bar @MSup1Q1 2-The 61% Level retracement Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Msup1Y1 & Msup1Q1 Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top. The pair is expected to find support at 0.65978, and a fall through could take it to the next support level of 0.65754. The pair is expected to find its first resistance at 0.66608, and a rise through could take it to the next resistance level of 0.67014. NZD USD previous Day range was 63 and Current Day Range is 27.5. GBP CHF The GBP traded higher against CHF and closed at 1.3278. 1- An Effort candle followed by climax candle. 2- Formed candles @ the previous month resistance 3- Followed by no demand no supply 4- Followed by vpoc with low volume Scenario1: If the pair retraces to the no demand no supply area with low volume then we may see a downward movement. Scenario 2: If we see a bullish breakout then we will need further conformations to go long. According to the analysis, pair is expected to find support at 1.32556, and a fall through could take it to the next support level of 1.32332. The pair is expected to find its first resistance at 1.33018, and a rise through could take it to the next resistance level of 1.33256. GBP CHF previous day range was 46.2 and current day range is 50.1. https://xtreamforex.com/academy/technical-overview-of-eur-chf-nzd-usd-and-gbp-chf-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 6, 2019 Share Posted May 6, 2019 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. https://xtreamforex.com/academy/technical-overview-of-gbp-jpy-and-aud-nzd-currency-pairs/ Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 9, 2019 Share Posted May 9, 2019 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. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 13, 2019 Share Posted May 13, 2019 Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair EUR NZD 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 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 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. https://xtreamforex.com/academy/technical-overview-of-eur-nzd-gbp-chf-and-nzd-cad-currency-pair/ Watch this on our YouTube channel:- Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 17, 2019 Share Posted May 17, 2019 Technical Overview of EUR/JPY and EUR/NZD Currency PairEUR JPYThe 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 NZDThe 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. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 20, 2019 Share Posted May 20, 2019 Technical Overview of CHF/JPY and EUR/AUD Currency Pair CHF JPYThe CHF traded higher against the JPY and closed at 108.824. The followed the following actions. 1 - It broke he Monthly support upwards 2 - It broke the Quarterly support upwards 3 - Formed A Resistance Trend Line and broke it to the upside 4 - The Daily 9 ema is to the upside 5 - If the pair breaks the Up 127 extension then we may see an extended move or 6 - If the pair breaks the down 127 extension then this may be a double top. According to the Analysis, The pair is expected to find support at 108.467, and a fall through could take it to the next support level of 108.111. The pair is expected to find its first resistance at 109.076, and a rise through could take it to the next resistance level of 109.329. CHF JPY Previous Day range was 6090 and Current Day Range is 2530. EUR AUDThe EUR traded higher against the AUD and closed at 1.6245. The followed the following actions. 1- It broke the Quarterly Pivot upwards. 2 - Making a series of HH and HL. 3 - Formed A Support Trend Line. 4 - The Daily 9 ema is to the upside. 5 - If the pair breaks the Up 127 extension then we may see an extended move. or 6 - If the pair breaks the down 127 extension then this may be a double top. 7 - The up 127 Extension is in confluence with Quarter and Year Resistance. According to the Analysis, The pair is expected to find support at 1.62134, and a fall through could take it to the next support level of 1.61818. The pair is expected to find its first resistance at 1.62689, and a rise through could take it to the next resistance level of 1.62928. EUR AUD Previous Day range was 55.5 and Current Day Range is 89.4. Fundamental Overview Inflation in the euro area is not at the level of 2% the ECB wants it to be, the ECB policy maker Klaas Knot says. Japan: GDP shows strong fundamentals are supporting demand US Pres. Trump: “Starting Monday, our great Farmers can begin doing business again with Mexico and Canada. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 21, 2019 Share Posted May 21, 2019 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 USDThe 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. Link to comment Share on other sites More sharing options...
xtreamforex26 Posted May 23, 2019 Share Posted May 23, 2019 Technical Overview of USD/JPY, EUR/AUD and EUR/JPY Currency Pair USD JPYThe 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 AUDThe 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. Link to comment Share on other sites More sharing options...
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