Andrea FXMart Posted May 17, 2016 Author Share Posted May 17, 2016 Technical Analysis for EUR/USD: May 17, 2016 We have not heard any significant news last Monday. Since it was the Day of the Holy Spirit, most of the European markets were closed to celebrate the event. Meanwhile, in the Bonds Market, the 10-year government bonds yield in Germany decreased which also lessen the charm of the European assets. The first support occurs at 1.1260 and at 1.1150 subsequently. The first resistance lies at 1.1350 and at 1.1450 subsequently. A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal motion creating "Dead Cross". The descending movement will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is declining. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 18, 2016 Author Share Posted May 18, 2016 Fundamental Analysis: May 18, 2016 We heard a lot of economic news on Tuesday, US data being the main driver of the day. The States has given the report of Core Consumer Price Index to the public wherein the data came in at 0,2% which occur simultaneously with the report and also the Industrial Production which reached 0,7% against the reported 0,3%. The Federal Reserve representatives, Williams and Lockhart gave their statements. The idea of raising the rates twice or thrice this year was supported by Williams. Meanwhile, Lockhart stated that the negative rates scenario was not intended. As for the Eurozone, it only published their positive Trade Balance for March wherein the data came in at 28.6 billion against the report of 22.5 billion. Since September last year, the inflation in the UK decelerated in April for the first time which also caused the pound to lessen its gains contrary with the dollar. After increasing by 0,5% in March, the Retail Price Index grew by 0,3% y/y. The inflation was expected to stay at 0,5% by the traders, but the British inflation has been low from the target level of 2% for more than 2 years. In March, the Japanese Industrial Production aggressively increased wherein the data came in at 3,8% against the previous 3,6%. While the Capacity Utilization grew from -5,4% to 3,2% in March. But still these statistics could not support the yen. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 18, 2016 Author Share Posted May 18, 2016 Technical Analysis for GBP/USD: May 18, 2016 Bonds Market. The 10-year UK government bonds yield decreased which lessen the investments of the British assets. The UK presented Consumer Price index for April wherein the data came in at 0,3% y/y against the report of 0,5% y/y. The first support occurs at 1.4400 and at 1.4320 subsequently. The first resistance stands at 1.4480 and at 1.4560 subsequently. The price is in the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Dead Cross". The MACD indicator is in an impartial location. The price is correcting. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 20, 2016 Author Share Posted May 20, 2016 Technical Analysis for EUR/USD: May 20, 2016 Bonds Market. The interest in the European assets lessened due to the decline in the 10-year German government bonds yield. Protocols were presented by the ECB. The euro could not be sustained by the issued ECB minutes. The primary support occurs at 1.1150 and at 1.1040 subsequently. While the primary resistance resides at 1.1260 and at 1.1350 subsequently. An inveterate and a solid sell signal has been found. The price is below the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement. This activity will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is correcting. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 20, 2016 Author Share Posted May 20, 2016 Technical Analysis for USD/CHF: May 20, 2016 Though the macroeconomic calendar was empty, the investors of Switzerland put their interest to the United States' data. The USA presented the Initial Jobless Claims report wherein the data showed 278,000 against the expected 275,000 and also the Philadelphia Fed Manufacturing Survey wherein -1.8 againts the report 3.5. The primary support occurs at 0.9850 and at 0.9750 subsequently. The primary resistance stands at 0.9940 and at 1.0020 subsequently. An inveterate and a solid buy signal. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen forms a horizontal movement and the Kijun-sen creates an ascending movement. This activity will remain until the price is on top of the Cloud. The MACD indicator is in a positive location. The price is consolidating. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 23, 2016 Author Share Posted May 23, 2016 Technical Analysis for AUD/USD: May 23, 2016 The Aussie has found support at the 0.72 level after moving sideways since Thursday which we view as neutral. Our perspective is unlikely to change in the immediate future as there is little data scheduled to be released this week that will impact AUD/USD. After closing in New York at 0.7228, the pair is now trading at 0.7250 after hitting an intraday high of 0.7261 in earlier session. RBA Governor Glenn Stevens is scheduled to speak later today in Sydney. He is expected to to touch on Australia’s lagging inflation and labor market. Stevens may also hint the board members’ sentiment on an interest rate hike this month. The business capital expenditure report for the first quarter will be out this week, but low volatility is expected as markets’ focus are now on the country’s inflation. On the US side, the FOMC minutes last week implied an earlier rate increase in June, ahead of the September monetary policy meeting where the benchmark rate is expected to rise. The first support occurs at 0.7225 and 0.7210 subsequently. The first resistance occurs at 0.7333 and 0.7436 subsequently. The MACD indicator is in negative location. The price is climbing. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 23, 2016 Author Share Posted May 23, 2016 Technical Analysis for NZD/USD: May 23, 2016 Fed’s hawkish sentiment evident in its FOMC meeting minutes released last week fairly strengthened the dollar against other currencies even the reasonably strong NZD. We can see that the buying interest in the NZD/USD will stay in the near term. The pair is trading at 0.6797 in Wellington. Volatility is expected on Thursday as the New Zealand government announces the annual budget which include a possible revised inflation forecast. Data released last week showed that inflation was at 1.6 percent. The first support is at 0.6716 and 0.6594 while the first resistance is at 0.6823 and 0.7054 subsequently. The MACD indicator is in negative location. The price is rising. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 24, 2016 Author Share Posted May 24, 2016 Technical Analysis for EUR/USD: May 24, 2016 A slew of hawkish statements from Fed officials weighed in on the EUR/USD, paired with the Germany’s disappointing manufacturing PMI. Philadelphia Fed President Harker and St. Louis Fed President Bullard said that a June rate hike is “appropriate” given the US’ strong economic data. An increase will also allow Fed enough space to lower it should financial instability hit the country. The two officials said that more rate hike is possible next year if favorable US data continue. Meanwhile, Germany, the Eurozone’s biggest economy, reported a lower slower manufacturing PMI growth. The latest release grew by 1.3 percent year-on-year, similar to the previous month’s 1.3 percent. Economists forecasted a 1.6 percent rise. The pair is now trading at 1.1185, topping at 1.1706 in earlier session. The first support is at 1.1067 and 1.0937 subsequently. The MACD indicator is in a negative position and the price is declining. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 25, 2016 Author Share Posted May 25, 2016 Technical Analysis for NZD/USD: May 25, 2016 NZD/USD is receiving downward pressure from rosy US data, shrouding a similarly upbeat trade data from the kiwi dollar. New Zealand’s trade balance in April amounted to $292 million from the previous month’s $117 million, beating the forecast $60 million by leaps. This is due to exports of $4.30 billion, a 10 million increase from March’s $4.20 billion, while imports were down to $4.01 billion from $4.09 billion. Home sales in the US is the highest in eight years, with 619,000 more houses sold from the previous month’s 531,000. Only 523,000 were expected in April. This is a 16.6 percent growth from a decline of -1.3 percent in March. Increasing talks about a Fed rate hike in June is also boosting the buying interest around the USD, sending the bears toward the bird. As the market digests Fed officials’ hawkish statements on Monday, a bearish outlook on the NZD will remain. The first support is at 0.6716 and 0.6576 while the first resistance is at 0.6823 and 0.7054. The spot exchange is currently 0.6754. The MACD indicator is in negative location. The price is rising. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 25, 2016 Author Share Posted May 25, 2016 Technical Analysis for EUR/USD: May 25, 2016 The Bonds market visualized an increasing optimism as the 10-years German government bonds yield increased which also heightened the charm of the European assets. The center of the attraction was the Economic Sentiment in May (the ZEW Institute). The index aggressively decreased which weakened the euro wherein the data came in at 6.4 against the expected 12.0. The first support occurs at 1.1130 and at 1.1070 subsequently. The first resistance lies at 1.1200 and at 1.1250 subsequently. An inveterate and a solid sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal movement. This activity will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is declining. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 26, 2016 Author Share Posted May 26, 2016 Technical Analysis for GBP/USD: May 26, 2016 The decreasing doubts regarding the result of the referendum cause the pound to come nearly to its high for the week. The volume of Brexit opponents is 55% against 42% who want to exit the EU, according to the recent poll. The first support occurs at 1.4670 and at 1.4560 subsequently. The first resistance stands at 1.4760 and at 1.4880 subsequently. An inveterate and a solid buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen ascends in movement and the Kijun-sen displays a horizontal movement creating a "Golden Cross". This activity will remain until the price is over the Cloud. The MACD indicator is in a positive location. The price is growing. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 27, 2016 Author Share Posted May 27, 2016 Fundamental Analysis: May 27, 2016 In the midst of positive economic forecasts, the dollar reinforced its positions. As stated by the Fed, the US regulator may heightened the rates at its conference this coming June. Meanwhile, in the economic news, the United States presented the Initial Jobless Claims wherein the volume appeared at 268,000 against the report of 275,000. The euro was bolstered by the agreement happened between the Eurozone and the Greece. The latter attained an agreement with its creditors and shall take a new tranche of loans in the amount of 10 billion euro. It has been inveterated that the recoupment of the British economy became sluggish by the second Gross Domestic Product estimate for the first quarter in the UK. The economy showed a growth by 0,4% in the first quarter from 0,6% in Q4 2015. The economy of Britain encountered a difficulty with a devitalized growth in emerging markets particularly in China. The approaching referendum also decelerated the growth. The dollar stick around in a range waiting for the statement of Janet Yellen. The market is anticipating hints from the regulator about the probable rate hike in June. The yen raised and bereaved the dollar from its recent gains. The investors involuntarily close positions before there are any probable risk that may occur. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 27, 2016 Author Share Posted May 27, 2016 Technical Analysis for USD/JPY: May 27, 2016 The yen deprived from growing on Thursday. But as the corporate services price index grew, it heightened precociously. And as presumed, the Corporate Service Price index grew by 0,2% y/y. The USA presented the Durable Goods Orders wherein the data showed 0,4% against the expected 0,3% and Initial Jobless Claims which showed 268,000 against the report 275,000. The first support occurs at 109.00 and at 108.20 subsequently. The first resistance stands at 109.80 and at 110.60 subsequently. The price is in the Ichimoku Cloud and it is over the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Golden Cross". The MACD indicator is in a neutral location. The price is consolidating. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 30, 2016 Author Share Posted May 30, 2016 Technical Analysis for AUD/USD: May 30, 2016 AUD/USD is taking a beating after Fed Chairwoman Janet Yellen said that a rate hike is “appropriate in the next coming months,” fueling speculations of a rate hike in June’s monetary policy meeting. Bears are surrounding the Australian dollar as high it loses steam, trading at 0.7175 from last week’s 0.72 level. The MACD indicator is in neutral position. The first support occurs at 0.7065 and 0.6827, while the first resistance occurs at 0.7243 and 0.7331 subsequently. The pair is in for a volatile ride this week with a deluge of data coming from both sides. Australia’s Company Gross Operating Profits slowed down again to -4.7 percent in the first quarter after sliding by 3.6 percent in the fourth quarter of 2015. This indicates weakening profits of private firms. New home sales in April declined by 4.7 percent from the previous reading’s 8.9 percent increase. The country’s current account and number of building approvals will follow today, while trade balance, retail data, and GDP will be released on Tuesday. On the greenback’s side, consumer confidence and Core CPE Price Index will start the week of significant volatility, trailing to manufacturing PMI and nonfarm payrolls in the later part of the week. Several Fed officials are also scheduled to deliver speeches. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted May 31, 2016 Author Share Posted May 31, 2016 Technical Analysis for EUR/USD: May 31, 2016 Upbeat data from Eurozone’s two biggest economies helped cushion the blow of a firming USD against the Euro as the bloc currency records session highs, although the pair is still underperforming. Preliminary CPI of Germany, the EU’s largest economy, was in line with the forecast 0.3 percent growth from the previous reading’s decline of 0.4 percent. France, the second largest, recorded a higher-than-expected 0.6 percent GDP for the first three months of the year, beating the 0.5 percent expectations. The Eurozone Economic Sentiment report also showed that consumers have a positive outlook on the economy. It printed 104.7 points in May, up from 104.0 last month. However, these are not enough to offset the bulls surrounding the USD after the Fed Chairwoman herself said that a rate hike is appropriate given the US’ economic conditions. The pair is now trading at 1.1149, peaking at 1.1156 in early European session. The first support is at 1.1067 and 1.0937 subsequently. The first resistance is at 1.1215 and 1.1357 subsequently. The MACD indicator is in negative position. The price is rising. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted June 1, 2016 Author Share Posted June 1, 2016 Technical Analysis for EUR/USD: June 1, 2016 This week's primary event would be the conference of the ECB in the Eurozone. There are assumptions that the European regulator will leave its monetary policy unchanged. The currency pair tried to regain on Tuesday. The resistance occurs at 1.1200 while the support stands at 1.1130. The MACD indicator is in a negative location which signifies to sell. Meanwhile, the RSI is in a neutral zone which does not provide clear signals. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted June 1, 2016 Author Share Posted June 1, 2016 Technical Analysis for GBP/USD: June 1, 2016 The pound managed to recover from its lows. Generally, the dollar stayed solid contrary to the pound as an aftermath of Janet Yellen's speech last Friday. The market hopes for new drivers for a further activity. The resistance occurs at the level of 1.4560 while the support stands at 1.4480. The MACD indicator is in a negative location which signifies to sell. Meanwhile, the RSI indicator is near to the oversold zone. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted June 6, 2016 Author Share Posted June 6, 2016 Technical Analysis for EUR/USD: June 6, 2016 The poor data of Non-farm Payrolls could be a factor of the Fed rate hike delay. The EUR/USD pair bounced up last Friday. It surpassed the levels of 1.1200, 1.1250 and 1.1300 and reached the level of 1.3730. This cause the pair to look bullish. The resistance occurs at the level of 1.1370 while the support stands at 1.1300. The MACD indicator is in a positive location, which signifies growth and is bullish. The RSI approached the overbought level of 70. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted June 7, 2016 Author Share Posted June 7, 2016 Technical Analysis for AUD/USD: June 7, 2016 The Aussie dollar is holding on to the bulls with the latest decision from the RBA to keep interest rate at 1.75 percent, a widely-expected move based on strong economic indicators. The AUD/USD is trading at 0.7441 and rising. The first support is seen at 0.7312 and 0.7167 subsequently while the first resistance is at 0.7530 and 0.7649 subsequently. Australia’s GDP rose by 1.1 percent in the first quarter of 2016, with an annualized growth of 0.2 percent, the quickest in four years. However, RBA Governor Glenn Stevens said that low inflation and an appreciating domestic currency may pose greater risks to the economy. The RBA board expect inflation, which is at an annual rate of 1.3 percent, to reach their target of 2 to 3 percent. A suddenly dovish Yellen is hurting the USD which rallied last week after a rate hike becomes more possible at Fed’s policy meeting in June. The MACD indicator is in positive location. The price is climbing. Link to comment Share on other sites More sharing options...
Andrea FXMart Posted June 9, 2016 Author Share Posted June 9, 2016 Technical Analysis for NZD/USD: June 9, 2016 The RBNZ propelled the NZD to a 12-month high, pushing it through 0.71 levels against the USD after the central bank’s decision to keep interest rates at 2.25 percent. The bird has been hovering at 69 cents for quite a long time. Reserve Bank Governor Graeme Wheeler left the door open for monetary easing and promised it to be “accommodative.” The central bank is specially keeping an eye on low inflation and expects it to firm and reach their target in the long term, although short-term inflation has been steady. “We expect inflation to strengthen reflecting the accommodative stance of monetary policy, increases in fuel and other commodity prices, an expected depreciation in the New Zealand dollar and some increase in capacity pressures,” the bank said in a statement. Uncertainty in the bank’s statements are keeping us from declaring the upside bullish, but a rate above 0.7146 will shift our outlook to a bullish one. NZD/USD is currently trading at 0.7125. The first support is at 0.6960 and 0.6910 subsequently, while the first resistance occurs at 0.7045 and 0.7080 subsequently. The MACD indicator is in positive location. The price is rising. Link to comment Share on other sites More sharing options...
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