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EURUSD Forecast | Daily Technical Analysis for January 13, 2017

 

 

 

EURUSD pair possibly will find its immediate support at 1.0578. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0551 and 1.0506.

 

 

Read More : https://www.xtreamforex.com/Education/eurusd-forecast-for-january-13-2017/

 

 

#forex #xtreamforex #forexforecast #forextrading #forexsignal

 

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EUR/USD Technical Analysis for January 24, 2017

 

 

Possible trading range for today 1.0745 - 1.0772

The EURUSD pair continues to trade strongly as the dollar weakness continues across the board. When the new year began, everyone expected the dollar strength to return.

EUR/USD pair possibly will find its immediate support at 1.0705. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0684 and 1.0649.

On the other side, we found immediate resistance at 1.0775 from our EUR/USD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0796 and 1.0831.

#economic #forex #Economicdata #daytrading #xtreamforex

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GBPUSD Forecast | Daily Technical Analysis for January 25, 2017

 

 

GBPUSD Technical Forecast Overview

Yesterday Closed 1.2521

Today Open  1.2521

Day’s Range 1.2513 - 1.2542

52 wk Range 1.1450 - 1.5020

1-Year Return  - 12.04%

GBPUSD Technical Support and Resistance

Possible trading range for today 1.2513 - 1.2542

GBPUSD pair possibly will find the immediate support at 1.2442. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2363 and 1.2311.

On the other side the market has immediate resistance at 1.2573. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2625 and 1.2704.

GBPUSD Fundamental Analysis

We had mentioned the same thing in our forecast yesterday where we had said that the ruling was expected to uphold the earlier decision which made the Parliament approval mandatory. We had also mentioned that though this would be good for the pound overall, there was a likelihood of a buy the rumor, sell the fact kind of move and this is what we saw yesterday as well as the pair crashed through 1.2500 and went as low as 1.2420 following the ruling but then it spent the rest of the day recovering. As of this morning, it has managed to recover its entire loss and sits below 1.2550 and we believe that this move in the pound has the legs to carry it as far as 1.27 or 1.28. This ruling is positive for the pound in the short term but its long term effects and the subsequent delays could place a lot of pressure on the pound in the medium term.

We do not have any major news from the UK but we have the oil inventory data from the US later on in the day which has the capacity to bring in risk into the markets. We believe that the GBPUSD pair will consolidate through the day with a bullish bias.

 

 

 

 

EURUSD Forecast | Daily Technical Analysis for January 25, 2017

 

 

EURUSD Technical Overview

 Yesterday Close 1.0731

Today Open  1.0731

Day’s Range 1.0722 - 1.0738

52 wk Range 1.0339 - 1.1616

1-Year Change - 1.09%

EURUSD Technical Support and Resistance

Our Possible trading range for today 1.0722 - 1.0738

EURUSD pair possibly will find its immediate support at 1.0707. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0683 and 1.0649.

On the other side, we found immediate resistance at 1.0765 from our EURUSD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0799 and 1.0823.

EURUSD Fundamental Analysis

We had mentioned in our forecast yesterday that the EURUSD pair was at a crucial region of resistance which it would find hard to break through soon and that’s what we have been seeing over the past 24 hours as the pair consolidates just below that region, unable to find a way through. And with the twitter happy President of the USA also choosing to remain silent for a day, contrary to his character, the dollar also got a little breather and it managed to hold its own against all the currencies and this was another reason for the consolidation and ranging in the EURUSD pair.

We have the German IFO business climate which is expected to continue to show up the strong German economy and we also have the oil inventory data from the US and any drop in that should be able to increase the oil prices and increase the risk around the markets.

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USDJPY Forecast for the Week of January 30, 2017

 

 

The USDJPY had a volatile week in terms of changes in direction. As far as the price action is concerned

Read more: https://www.xtreamforex.com/Education/usdjpy-forecast-for-the-week-of-january-30-2016/

#forex #xtreamforex #forexforecast #forextrading #support_resistance

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GBP USD Forecast | Daily Technical Analysis for February 2, 2017

 

GBP USD Technical Overview

 

Yesterday Closed        1.2660

 

Today Open                1.2660

 

Day’s Range    1.2654 – 1.2680

 

52 wk Range   1.1450 – 1.5020

 

1-Year Return – 12.01%

GBPUSD Technical Support and Resistance

 

 

Possible trading range for today 1.2654 – 1.2680

GBP USD Fundamental Analysis

 

 

The GBP USD pair had a pretty strong day yesterday as the pound is only one of the very few currencies that seems to be capable of holding on by itself whenever there is dollar strength. There seems to be some intrinsic strength built within the pound and the reason for that could be the continuing good economic data from the UK. This has been holding up the pound and that is the reason why the corrections have been shallow and have been met with some quick bounces.

Today is going to be a key day for the GBP USD pair as we have the BOE rate announcement and the policy meeting minutes and we also have the quarterly inflation report from the UK as well. The rate is expected to be kept on hold but the BOE will have to act out a tough balancing act as it needs to take care of the economy and also ensure that the impact of the Brexit doesn’t hit the economy too hard. With the government, yet unclear on how exactly the whole Brexit process is going to pan out, the markets would be expecting the BOE to help out and do the needful in a strong manner to give out some confidence to the market in the pound. It remains to be seen whether that is addressed in the statement and the inflation report. The pair is in a key area now and these data would be valuable in determining the short-term direction of the pound.

Read More: https://www.xtreamforex.com/Education/gbp-usd-forecast-for-february-2-2017/

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FOREX-Dollar falls for 4th day after G20 trade message

* Dollar broadly lower after financial leaders summit
* Protectionist bent shows depth of U.S. concern over dollar
* Citi latest bank to abandon euro-dollar parity call

The dollar fell for the fourth day running against the basket of currencies used to measure its broader strength on Monday, as reaction to a G20 summit dominated by the Trump administration's protectionist bent extended last week's sales.

The dollar index .DXY fell by as much as 0.3 percent in Asian and early European trading before recovering some ground to stand just 0.1 percent weaker on the day at 100.19.

For more realtime market information and best Commodity Tips join Epic Research.

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GBP/USD analysis: rising inflation fuels speculation of a BOE’s hike

The GBP/USD pair trades at its highest since late February, having extended its intraday advance up to 1.2493 and ending the day some 10 pips below this last. The Pound soared after the release of UK inflation data, as consumer prices rose far beyond expected. Yearly CPI hit 2.3% in February from 1.8% in January, while monthly basis, inflation surged by 0.7& from a previous decline of 0.5%. Core yearly inflation jumped to 2.3%. Producer prices rose less than expected, but remained high in the same month, while the Retail Price Index jumped to 3.2% YoY.

Technical Overview:

Prev. Close: 1.2479

Open1.2479Day’s Range: 1.2464 – 1.2486

52 wk Range: 1.145 – 1.5020

1-Year Change: – 13.15%
Support levels: 1.2345 1.2300 1.2260

Resistance levels: 1.2425 1.2470 1.2510
Technical Indicators:

Buy: 6  Sell: 2  Neutral: 3

Summary:STRONG BUY

Upcoming Economic News:

GBP –  30-y Bond Auction

 

For Analysis Visit: https://www.xtreamforex.com/Education/daily-technical-analysis-3222017/

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Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Brent crude futures, the international benchmark for oil, were at $50.95 per barrel at 0231 GMT, up 31 cents, or 0.6 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
U.S. West Texas Intermediate (WTI) crude futures were up 35 cents, or 0.7 percent, at $48.39 a barrel, after testing support at $47 overnight.
Analysts said Brent had found technical support around $50 a barrel and was being pushed up as traders took new long positions after crude hit multi-month lows overnight.
Despite the bounce, traders said the market remained under pressure, largely due to a big U.S. inventory and doubts that an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut output was reining in a global fuel supply overhang.

Read Full Analysis: http://www.xtreamforex.com/Education/oil-bounces-off-november-lows/


 

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Best way to Identify the Forex Market future movement

Technical analysis is the science or skill of forecasting of the future movements of the price using the past movements and data.
Obviously, the past movements cannot guarantee the future movements and so technical analysis is not a hundred percent accurate and surefire forecasting but if you learn the technical analysis properly, you can make more correct predictions and so you will be in profit at the end.
Technical analysis rules, techniques and tools are 99% the same in the stock and forex market. So if you learn technical analysis, you can use it both in stock and forex market.
It is impossible to cover everything about the technical analysis in one article. So here I just try to talk about technical analysis in general but write more detailed articles about it.
If you read my daily forex trading market technical analysis reports, you will see that technical analysis is the main thing that I use in the market analysis.

Read More on : https://www.xtreamforex.com/Education/analyze-forex-trading-market/
 

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GBP/USD analysis: tough EU position on Brexit weighs on Pound

GBP/USD Current price: 1.2425
The UK formally begun the Brexit process through a letter that PM May delivered to the EU, resulting in some wild swings in Pound crosses and with the GBP/USD settling at 1.2425.  The two parts are beginning now a two-year process that EU President Donald Tusk expects to start with “key arrangements for an orderly withdrawal.” UK PM May, on the contrary, wants to focus on a comprehensive free-trade deal, something that the EU is not willing to put on the table, at least for now.


Read Full on : https://www.xtreamforex.com/Education/gbpusd-analysis-tough-eu-position-on-brexit-weighs-on-pound/
 

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Gold Fundamental Forecast For The Week of April 3, 2017
Gold futures posted a two-sided trade last week before closing only slightly lower. Investors had a lot on their plates last week, dealing with Trump administration issues, the U.S. Dollar, interest rates, Brexit and French presidential elections.

June Comex Gold futures closed the week at $1251.20, down $0.50 or -0.04%.

Comex gold futures started the week more than 1 percent higher after President Trump’s failure to put through a healthcare reform package the previous Friday raised questions over his ability to deliver promised tax cuts and spending plans.

This news drove the U.S. Dollar into a four-month low, making dollar-denominated gold a more attractive investment.

Gold prices retreated the rest of the week after the dollar strengthened due to hawkish commentary from several Fed officials.
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Daily Technical Analysis & Forecast | XtreamForex

EUR/USD Technical Forecast
Day’s Range: 1.0663 - 1.0675
Support levels: 1.0649|1.0639|1.0623
Resistance levels: 1.0681|1.0691|1.0707

GBP/USD Technical Forecast
Day’s Range: 1.2421 - 1.2496
Support levels: 1.2466|1.2445|1.2409
Resistance levels: 1.2538|1.2559|1.2595

Read More Details: https://www.xtreamforex.com/Education/
 

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Daily technical Analysis & Forecast: WEDNESDAY-April 6, 2017

EUR/USD Forecast: Will it break the range ahead of Trump-Xi Summit?
Day’s Range: 1.0662 - 1.0684
Support levels: 1.0640|1.0626|1.0604
Resistance levels: 1.0684|1.0698|1.0720

GBP/USD Forecast: GBP/USD has a relook at 1.25 handle, focus on Trump-Xi meeting
Day’s Range: 1.2475 - 1.2501
Support levels: 1.2437|1.2418|1.2387
Resistance levels: 1.2499| 1.2518| 1.2549

USD/JPY Forecast: USD/JPY downside playing out, fresh lows scored in Tokyo
Day’s Range: 110.30 - 110.73
Support levels: 110.52| 110.30| 109.93
Resistance levels: 111.26| 111.48| 111.85


Read More Details: https://www.xtreamforex.com/Education/
 

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GBP/USD: GBP/USD pair is on a minor-recovery mode in mid-Asia
The pair bottomed at 1.2450 this Thursday, now the immediate support, although a more relevant one comes at 1.2410, and only below this last the pair can gain bearish momentum.

GBP/USD Technical Forecast
Day’s Range: 1.2447 - 1.2477
Support levels: 1.2452| 1.2438| 1.2415
Resistance levels: 1.2498| 1.2512| 1.2535

Visit: https://www.xtreamforex.com/Education/gbpusd-forecast-daily-technical-forecast-april-07-2017/


EUR/USD: Has Euro lost its funding currency status?
the EUR/USD pair hardly moved following the US attack on the Syrian targets. The common currency has been referred to as a new funding currency, ever since the ECB hit the zero lower bound and started the QE program back in 2014/15.

EUR/USD Technical Forecast
Day’s Range: 1.0633 - 1.0660
Support levels: 1.0630| 1.0616| 1.0593
Resistance levels: 1.0676| 1.0690| 1.0713

Visit: https://www.xtreamforex.com/Education/eurusd-daily-outlook/
 

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GBP/USD Fundamental Analysis – week of April 10, 2017
GBPUSD spent most of the week within a tight range between 1.24 and 1.25 and we had mentioned in our daily forecasts that this is likely to be the range for the next few days and that’s what had happened. We had also mentioned that even if the pair was to break through the highs of the range at around 1.25 region, there was a very strong resistance around the 1.26 region and so there was not much for the bulls to look forward to. 

GBP/USD Technical Forecast
Day’s Range: 1.2367 - 1.2389
Support levels: 1.2356| 1.2309| 1.2235
Resistance levels: 1.2504| 1.2551| 1.2625

EUR/USD Fundamental Analysis – week of April 10, 2017
EURUSD pair continued to weaken through the week and there has been no respite so far. Looking at the bigger picture, the pair is moving within a larger range between the 1.09 and 1.05 region and as we had mentioned in our monthly forecasts.

EUR/USD Technical Forecast
Day’s Range: 1.0570 - 1.0589
Support levels: 1.0577| 1.0550| 1.0507
Resistance levels: 1.0663| 1.0690| 1.0733

Read More & Details: https://www.xtreamforex.com/Education/weekly-forex-forecast/
 

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UJ Analytic  12 April 2017

usdjpy-h1-instaforex-group.png

Market opened at 109.66

UJ bullish +0.02%

 

Support in 109.53.
Resistance in 110.13.
USD/JPY  has potential bullish to resistance area 110.13.

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EUR/USD analysis: Correction after rally, consolidation likely to continue

Trump and geopolitics have been the driver of the currency market during the last 24 hours. Trump’s interview with the WSJ triggered a decline of the US dollar.

Read More : https://www.xtreamforex.com/Education/eurusd-analysis-correction-after-rally-consolidation-likely-to-continue/

 

five stock market tips for trading like a professional

These five stock market tips for trading like a professional will put the odds in your favor if you are just learning about the stock market.

Read More : https://www.xtreamforex.com/Education/five-stock-market-tips-for-trading-like-a-professional/

 

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