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Technical Analysis – EURCHF bullish at 7-month high Posted on May 11, 2017 at 10:36 am GMT by the XM Investment Research Desk   EURCHF hit a 7-month high of 1.0978 on Tuesday following a near 3-week rally that’s taken the pair sharply above the 50- and 200-day moving averages (MA). Prices have been struggling to rise above Tuesday’s peak however, with the 1.0980 area proving a strong resistance area. The loss in momentum is highlighted by the stochastic oscillator. Both the %K and %D lines are in overbought territory and the %D line is rising above the %K, signalling…
Technical Analysis – NZDUSD bearish below 0.7000 Posted on May 11, 2017 at 8:15 am GMT by the XM Investment Research Desk   NZDUSD is bearish in the near-term and the clearly is downside pressure, with scope for prices to target support at 0.6800. Downside momentum is not that strong though, based on the daily RSI. There is possibility for the market to make a recovery or consolidate at current levels. Immediate resistance will be seen at the 50-day moving average at 0.6967, which is close to the May 3 high. Above this, the key level at 0.7000 will act…
EURUSD Technical Analysis 11.05.2017 by Grand Capital   The pair remains in the short-term uptrend, but despite that, we expect it to continue falling inside the trend to the lowest border, if the data from the US will show a positive dynamic today, and M. Draghi will confirm that the ECB is willing to follow the current course. The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and moving horizontally. Stoch are still trying to rise.   Trading recommendations:Our prognosis on the pair remains the same. Breaching of the…
EUR/USD Buying Dip Opportunity Seen After Macron Wins French Election   EUR/USD has lifted in early Monday morning trade, up 0.25% to 1.1023, but seen profit taking activities after that. When to go long on the EUR/USD?   Euro seen profit-taking after Macron won French electionNot surprisingly, Emmanuel Macron has won the French election of becoming the next French President, beating Marine Le Pen in the Final round of the French Presidential election. EUR/USD has lifted in early Monday morning trade, up 0.25% to 1.1023, but seen profit taking activities after that. Further modest gains in EUR/USD are widely expected…
Analysis on GBPSEK 10/05/2017 by PaxForex GBPSEK - bullish model: Currency pair may continue growing; Outlook: the Upward trend with the prospect of profits more than 1600 points   Source: www.paxforex.com
Technical Analysis – GBPJPY bullish again after breaching 147 Posted on May 9, 2017 at 8:27 am GMT by the XM Investment Research Desk   GBPJPY turned bullish again today and extended higher to breach above the key 147 level for the first time since December 2016. A daily close above this level is needed to maintain the bullish momentum. Near-term resistance is at the mid- December high of 148.44 and any break above will propel the pair towards the key 150 level and then to key resistance at 151.47. This is the 38.2 Fibonacci retracement level of the decline…
Amazon Technical Analysis 09/05/2017 by PaxForex Amazon - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 1800 points   Source: www.paxforex.com  
Wave analysis and forecast for 05.05.2017 – 12.05.2017 by LiteForex   EUR/USD Wave analysis and forecast for 05.05 – 12.05: Uptrend continues. Estimated pivot point is at the level of 1.0870. Analysis: Presumably, the formation of the uptrend continues on the four-hour timeframe, within which the third wave iii of 3 of the senior level is being formed. At the moment, it seems that the third wave of the junior level (iii), is being developed, within which one-two impetus i of (iii) has formed. If this assumption is correct, after the completion of the local correction ii of (iii), the…
Technical Analysis –USDCAD bullish in the short- and medium-term; price close to 14-month high Posted on May 4, 2017 at 7:16 am GMT by the XM Investment Research Desk   USDCAD is marginally up from the day’s open. Should the price finish the day higher, it would constitute an impressive ninth day in a row of up movements for the pair. Last week’s alignment resulting from the Tenkan-sen line (red) crossing above the Kijun-sen (blue) is indicative of the bullish bias that is in place. The RSI indicator reinforces this signal as it is currently well into bullish territory at…
Google Technical Analysis 04/05/2017 by PaxForex   Google - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 4600 points   Source: www.paxforex.com  
Technical Analysis #C-SOYB : 03/05/2017 by IFC Markets Soybean demand increased China increased soybean imports by 20% to 19.5 million tonnes in Q1. Will the soy prices rise? China is the world’s largest purchaser of soybeans. In 2015/16 agricultural season, it imported 83 million tonnes. According to forecasts, in 2016/17 season, soy deliveries to China were expected to increase only by 3.6%. However, as we can see, the Q1 indicator is much higher. In the 2nd place after China, with a huge lag, is the EU, which annually purchases a bit less than 15 million tonnes of soy on the…
Technical Analysis – EURUSD bullish in the near-term; crosses above 1.09 Posted on May 2, 2017 at 7:12 am GMT by the XM Investment Research Desk   EURUSD has moved higher since the day’s open, crossing above the 1.09 handle along the way. The pair has been trading above the 200-day moving average (MA) since April 24. A positive alignment occurred in late April when the Tenka-sen line (red) crossed above the Kijun-sen (blue). This short-term bullish signal is reinforced by the RSI indicator, which is currently at 67, well above the 50 neutral-perceived level. Do note though this level’s…
USDJPY Technical Analysis 02.05.2017 by Grand Capital The pair is trading above the 111.60 level. Its growth may continue amid the further decline in the geopolitical tensions and a rising demand for shares on the Japanese financial market. The price is higher than the middle Bollinger band, higher than SМА 5 и SMA 14. RSI is moving horizontally. Stoch reside in the overbought zone. Trading recommendations:Buy the pair with a probable target of 113.00.   Source: https://grandcapital.net
EURJPY Technical Analysis 01/05/2017 by PaxForex   EURJPY - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 90 points   Source: www.paxforex.com
Google Technical Analysis 28/04/2017 by PaxForex Google - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 2400 points   Source: www.paxforex.com  

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