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Technical Analysis – EURAUD bullish bias after 3-month high Posted on April 28, 2017 at 7:25 am GMT by the XM Investment Research Desk   EURAUD is currently down but little changed from the day’s open. The pair posted a three-month high during yesterday’s trading. The RSI indicator is well into bullish territory, marginally crossing above its 70 overbought level. This is indicative of the bullish bias in place but also renders a near-term reversal a possibility. The MACD histogram adds to the positive short-term picture as it is positive and above its red signal line. The 1.46 potential psychological…
Technical Analysis NIKKEI : 28/04/2017 by IFC Markets Rising external demand may lift Nikkei The Bank of Japan left the deposit rate at minus 0.1% at April 27 policy meeting and governor Kuroda said the central bank is nowhere near an exit from its massive 80 trillion yen annual stimulus. Will NIKKEI continue rising?Japan's economy has improved as exports rose the most in over two years in March and manufacturers' confidence hit the highest since the global financial crisis a decade ago. In its most optimistic assessment of the economy in nine years, BOJ stated "Japan's economy has been turning…
USDRUB technical analysis 28.04.2017 by Grand Capital The pair is trading higher than 57.00 level. The growth may accelerate if today the Bank of Russia lowers the interest rates by 0,50%, instead of 0,25% as expected. The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI is rising. Stoch reside in the overbought zone. Trading recommendations: Buy the pair with a probable target of 57.80.   Source: https://grandcapital.net    
MARKETS MILDLY RISK POSITIVE STILL AS CONSOLIDATION ON FOREX BEGINS TO TAKE HOLD   Market Overview Although there is a degree of consolidation taking over forex markets as traders pause to take stock after yesterday’s huge risk rally, there is still a mild risk positive bias in sentiment. The clear lead for Emmanuel Macron in the first round of voting in the French Presidential election has stoked the fires of risk appetite but can this move and momentum be sustained? The initial reaction today would suggest that traders are content with their initial reaction and not willing to look forward…
Technical Analysis –USDJPY above 110; price in between 50- and 200-day moving averages Posted on April 25, 2017 at 7:20 am GMT by the XM Investment Research Desk   USDJPY has climbed above the 110 handle after starting the day below this mark. The pair recorded a two-week high during yesterday’s trading. As regards the Ichimoku analysis, the negative short-term alignment that occurred when the Tenkan-sen line (red) crossed below the Kijun-sen (blue) in late March is still in place. The fact that Tenkan-sen is currently flat though, might indicate that the bearish bias is losing steam for a more…
USDCAD Technical Analysis 25.04.17 by Grand Capital   The pair is traded higher than 1.3520 level amid the weakening of the crude oil quotes, as it is unclear if the OPEC is going to extend the oil cuts. The price is on the upper Bollinger band, higher than SMA5 and SMA14. RSI resides under the overbought zone and moving horizontally. Stoch also reside in the zone.     Trading recommendations:The pair may correct downside to 1.3500-20, but if it stays above this level, there is a possibility that it will continue rising to 1.3600.   Source: https://grandcapital.net
Tuesday, 25 April 2017 08:52

Technical analysis for EURUSD, GBPUSD, and USDJPY

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Technical analysis for EURUSD, GBPUSD, and USDJPY   EURUSD: Coming to a cross roads The rally in EURUSD in response to the results of the first round of the French Presidential elections has seen price stall at the March high around 1.0909. Price has been correcting higher in a bullish channel and is now fast approaching a test of the bearish medium term channel resistance which will prove pivotal. A break above paves the way for a rotation higher toward the longer term bearish channel top. A retracement lower should find support at a retest of the rising short term…
EURUSD Technical Analysis 24.04.2017 by Grand Capital   The pair is correcting downwards after the strong growth prompted by the outcome of the first round of the French presidential election. The market responds positively to the new leading candidates, who are now Emmanuel Macron and Marine Le Pen, with Macron being expected to win. The price is on the upper Bollinger band, considerably above SMA 5 and SMA 14. RSI is in the overbought zone and is turning downwards. Stoch also indicate that.   Trading recommendations:If the price falls down below 1.0825 level, the door to further lowering to 1.0775…
Technical Analysis – EURUSD opens with a gap higher; exceeds 200-day moving average Posted on April 24, 2017 at 10:43 am GMT by the XM Investment Research Desk   EURUSD started the day with a gap higher relative to Friday’s close, marking a five-and-a-half month high of 1.0919 and exceeding the 200-day moving average (MA) along the way. The pair has since eased off but is still significantly above the previous day’s close. Technical indicators, including the RSI and MACD, are depicting a bullish short-term picture for the pair. Specifically, the RSI is well above 50 -its perceived neutral level-…
Technical Analysis – Gold bullish momentum fades; price further away from last week’s 5-½-month high Posted on April 24, 2017 at 7:20 am GMT by the XM Investment Research Desk   Gold is down from the day’s open with the price further distancing itself from the five-and-a-half-month high hit last week. The short-term indicators are projecting a weakening positive momentum. In particular, the RSI indicator is bullish at 56 but has recorded a steep fall to reach the level it’s currently at. Looking at MACD, the histogram is on the one hand positive, but it has fallen below the red…
Technical Analysis &CNHRUB : 24/04/2017 by IFC Markets The decline in oil prices may weaken the ruble In this report, we recommend considering the personal composite instrument (PCI) yuan against the ruble. It reflects the dynamics of the Chinese yuan against the Russian ruble. The PCI may grow if the ruble weakens faster against the US dollar compared to the similar dynamics of the yuan. The main negative factors for the Russian currency are the decline in world oil prices and the expectations of reduction of the benchmark rate of the Central Bank of the RF. The sale of hydrocarbons…
Monday, 24 April 2017 10:36

EUR/USD opens higher with more than 180 pips gap

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Weekly Market Research 24 April 2017   EUR/USD opens higher with more than 180 pips gap! Emmanuel Macron and Marine Le Pen won the first round of election. Is it a good time to short EUR/USD expecting the gap to close? France held their first round of presidential election over the weekend. The end result could be the best of all the probable outcomes. This is reflected in the price gap of more than 180 pips when EUR/USD opens higher for the week. The celebration may be short-lived as market is likely to look forward to the second round of…
Wave analysis and forecast for 21.04.2017 – 28.04.2017 by Lite Forex EUR/USD   Wave analysis and forecast for 21.04 – 28.04: The pair is expected to decline. Estimated pivot point is at the level of 1.0776. Analysis: Supposedly, the fifth wave 5 of senior level continues to form. Apparently, the first wave i of 5 has formed as a zigzag-like pattern, which allows us to suppose that a diagonal triangle may form in the fifth wave. Apparently, the ascending correction ii of 5 is completed in a zigzag-like form at a correction level of 62%. If the presumption is correct,…
USDCAD Technical Analysis 21/04/2017 by PaxForex USDCAD - bullish model: pair, ready to continue growing Outlook: the Upward trend with the prospect of profits more than 100 points   Source: www.paxforex.com  
Technical Analysis – GBPAUD short-term bullish after break above 1.70 Posted on April 21, 2017 at 8:27 am GMT by the XM Investment Research Desk   GBPAUD turned bullish in the short-term after the pair jumped over 3% on Tuesday to rise above the 200-day moving average. The market has since had a daily close above the key 1.7000 level, which is now acting as support. The next target higher is the key 1.7200 level that was tested in January. But in the near-term, consolidation is expected as the RSI is above 70, which indicates that the market has reached…

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