Category Archives: Forex Technical Analysis

Continuing Expansion Bullish For DJI

The Federal Reserve hiked fed funds into the range 1.25% -1.5%. Will continue rising? The Federal Reserve raised rates 0.25 percentage point after recent positive data: inflation rose to 2.2% in November from 2.0% in October; the US jumped 0.4% in November, gaining 3.1% over the past 12 months; and November reading on rose to its second-highest level on record. Positive data and continuing economic expansion are bullish for US stocks. On the daily chart, the DJI: D1 has been edging higher after a correction two weeks […]

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USD/JPY Trend-Line Analysis Ahead Of News

We’re waiting for news in a few hours that focuses on . Once the news hits, there will be a breakout at lower or higher points as drawn on the chart below. It would be better to execute a trade using buy-stop at 122.880 resistance or sell stop at 122.480 support. A small breakout will give a massive movement – either bullish or bearish. Good news will start to be bullish while bad news will be bearish. Source link

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EUR/USD At 50% Pullback | Investing.com

The daily Forex chart retraced 50% of the 3-week selloff. The bears want a reversal down over the next few days for a head and shoulders top. The bulls want a pullback from yesterday’s bull breakout, and then a test of the November high. Yesterday was a strong bull trend day on the EUR/USD daily Forex chart. The bulls rallied from a double bottom with the November 21 low. However, trading ranges resist change. Furthermore, they always have both a good buy setup and a good sell […]

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AUD/USD: Decent Bounce As Weekly Supports Holds

There has been a decent bearish rally in the pair after it hit the critical resistance level at 0.81198. From that level, the pair sharply dropped near the daily support level at 0.76461 and formed a consolidation structure. Most of the long-term investors were on the sideline due to the pending U.S . However, the bears managed to breach the daily support level at 0.76461 and pushed the pair toward the next critical support level at 0.75039. Most of the aggressive buyers went long with the bullish […]

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EUR/JPY: Finish The Range | Investing.com

www.investing.com/analysis/eurjpy-finish-the-range-200273166 EUR/JPY: Finish The Range By Scott Barkley   |  1 hour ago (Dec 14, 2017 08:49AM ET) Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility […]

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Chart Of The Day: The GBP Is A Buy (Despite The Bleak UK Economy)

by Pinchas Cohen The is recuperating from yesterday’s drop, which was the hardest in three weeks. The and are the only two majors currently gaining strength against the dollar. The AUD is 0.35 percent higher and the GBP is 0.30 higher for the day. The Australian dollar is showing signs of bottoming after a near 8 percent fall since September as it finds support on a long-term uptrend line since January 2016, so we’ll focus on the pound after the Bank of England’s . Why the BoE […]

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USD/CAD: Canadian Dollar Ticks Higher, Retail Sales Next

The Canadian dollar is almost unchanged in the Thursday session. Currently, is trading at 1.2864, up 0.05% on the day. On the release front, Canada releases NHPI and Bank of Canada Stephen Poloz speaks at an event in Toronto. In the US, consumer spending indicators are expected to improve in November, with Core Retail Sales and Retail Sales forecast at 0.6% and 0.3%, respectively. Unemployment Claims is expected to tick higher to 237 thousand. On Friday, the US publishes Empires State Manufacturing Index and Canada releases Manufacturing […]

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EUR/CHF 4H Analysis Using Trend Line With Help Of Support And Resistance

We can clearly see that the pair is just following a specific line pattern which makes it easier to predict the movement of the graph. As i indicate,resistance level at 1.17157 can be a buy space for the pair if the candlestick crosses above the blue box. If not, it could be a reversal pattern which mean would be a bearish movement if it reaches the lower support level at 1.16244. Let the trend line decides the direction of the graph. News will begin shortly. GOOD LUCK… […]

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EUR/USD: Euro Jumps After Fed Sounds Dovish, ECB Decision Next

The euro has paused in the Thursday session, after posting strong gains on Wednesday. Currently, is trading at 1.1824, down 0.01% on the day. In economic news, it’s a busy day in the eurozone and the US. Manufacturing PMIs beat their estimates in France, Germany and the eurozone, with strong readings of 59.3, 63.3, and 60.6 points respectively. On the services side, Services PMIs beat the estimates in Germany and the eurozone, but fell short in France. Later in the day, the ECB is expected to maintain […]

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GBP/USD Rallies As Market Undigested FOMC Statement, Eyes On MPC Vote

made a reverse turn yesterday and rallied 118-pips after clocking 1.3428 high as market was anticipating a hike by the Feds as a priced in news. On the other hand, FOMC statement by Yellen was seen neutral to dovish which gave the cable extra push. Today, the pair plunged to 1.3380 low as a correction and preparation for more upward action supported by upbeat by the UK at 1.1% while expectations were placed at 0.4%. As a result, GBP/USD extended the bulls and clocked 1.3466 high, currently […]

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