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Discussion in 'Forex' started by xtreamforex, Jan 3, 2019.

  1. xtreamforex

    xtreamforex Registered

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    Technical Overview of GBP/USD, NZD/USD and EUR/USD Currency Pairs

    GBP USD
    [​IMG]

    The GBP traded lower against the USD and closed at 1.2938.

    Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
    Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production.

    The indicator growth may have a positive effect on the pound quotes.

    According to the Analysis, The pair is expected to find support at 1.29147, and a fall through could take it to the next support level of 1.28909. The pair is expected to find its first resistance at 1.29678, and a rise through could take it to the next resistance level of 1.29971.

    Previous Day range was 53.1 and Current Day Range is 12.1.

    NZD USD
    [​IMG]
    The NZD traded higher against the USD and closed at 0.6745.

    Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spending and economic activity.

    The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

    The pair is expected to find support at 0.67274, and a fall through could take it to the next support level of 0.67099. The pair is expected to find its first resistance at 0.67643, and a rise through could take it to the next resistance level of 0.67837.

    NZD USD previous Day range was 36.9 and Current Day Range is 32.3.

    EUR USD
    [​IMG]
    The EUR traded bit lower against USD and closed at 1.1323.

    FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

    The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

    According to the analysis, pair is expected to find support at 1.13129, and a fall through could take it to the next support level of 1.13024. The pair is expected to find its first resistance at 1.13423, and a rise through could take it to the next resistance level of 1.13612.

    EUR USD previous day range was 29.4 and current day range is 12.8.
     
  2. xtreamforex

    xtreamforex Registered

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    Portfolio:
    Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs

    AUD USD

    The AUD traded lower against the USD and closed at 0.7061.

    The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

    A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

    According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

    Previous Day range was 50.9 and Current Day Range is 33.5.

    USD CAD

    The USD traded lower against the CAD and closed at 1.3301.

    JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

    The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

    USD CAD previous Day range was 56.9 and Current Day Range is 27.

    USD JPY

    The USD traded higher against JPY and closed at 110.367.

    Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

    Industrial production growth may have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

    USD JPY previous day range was 6950 and current day range is 3020.
     
  3. xtreamforex

    xtreamforex Registered

    Messages:
    32
    Likes Received:
    0
    Trophy Points:
    6
    Portfolio:
    Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pairs

    GBP USD
    The GBP traded higher against the USD and closed at 1.2843.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.

    Previous Day range was 113.1 and Current Day Range is 24.9.

    AUD USD
    The AUD traded higher against the USD and closed at 0.7088.
    Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

    The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

    The indicator growth can have a negative effect on US dollar quotes.

    The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.

    AUD USD previous Day range was 50.2 and Current Day Range is 35.5.

    USD JPY
    The USD traded higher against JPY and closed at 111.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.

    GDP growth can have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.

    USD JPY previous day range was 6270 and current day range is 2550.
     
  4. xtreamforex

    xtreamforex Registered

    Messages:
    32
    Likes Received:
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    Trophy Points:
    6
    Portfolio:
    Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs

    USD CAD
    The USD traded higher against the CAD and closed at 1.3292.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
    A higher than expected reading can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.

    Previous Day range was 111.3 and Current Day Range is 23.5.
    EUR USD

    The EUR traded higher against the USD and closed at 1.1294.
    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.

    EUR USD previous Day range was 59.2 and Current Day Range is 12.8.

    USD CHF

    The USD traded higher against CHF and closed at 1.0047.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

    A higher than expected reading can have a positive effect on dollar quotes.
    According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.

    USD CHF previous day range was 53.4 and current day range is 13.3.
     
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