The Most Active and Welcoming Investment Community Online
Join and Discover the Best Way to Invest and Grow your Money.

Welcome to Our Community
Wanting to join the rest of our members?
Feel free to sign up now.

Daily News By Xtreamforex.com

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

  1. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

    USD CAD

    The USD traded lower against the CAD and closed at 1.335.
    Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

    According to the Analysis, The pair is expected to find support at 1.33294, and a fall through could take it to the next support level of 1.33094. The pair is expected to find its first resistance at 1.33861, and a rise through could take it to the next resistance level of 1.34228.

    Previous Day range was 56.7 and Current Day Range is 44.2.

    GBP USD

    The GBP traded higher against the USD and closed at 1.3043.

    Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

    The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

    The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

    GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

    USD JPY

    The USD traded lower against JPY and closed at 112.012.
    James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

    According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

    USD JPY previous day range was 1950 and current day range is 2410.
    Technical Overview of GBP/USD, AUD/USD and USD/CAD Currency Pairs - Forex Educations & Market Research
     
  2. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of CHF/JPY, USD/CHF and EUR/USD Currency Pairs
    CHF JPY

    [​IMG]
    The CHF traded lower against the JPY and closed at 109.923.

    CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
    Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).

    According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.

    Previous Day range was 5350 and Current Day Range is 3170.

    USD CHF
    [​IMG]
    The USD traded higher against the CHF and closed at 1.0200.

    The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend.

    The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.

    USD CHF previous Day range was 50.7 and Current Day Range is 16.5.

    EUR USD
    [​IMG]
    The EUR traded higher against USD and closed at 1.1154.

    The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.

    According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.

    EUR USD previous day range was 85.3 and current day range is 15.5.
    Technical Overview of CHF/JPY,USD/CHF and EUR/USD Currency Pairs
     
  3. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of USD/JPY, GBP/USD and GBP/CHF Currency Pairs

    USD JPY
    [​IMG]
    The USD traded lower against the JPY and closed at 111.641.

    USDJPY formed series of HH and HL then now over night it made LL
    A series of H & LL is start of a new downtrend
    The Support from D1 trend line has also broken and has been tested also

    Scenario 1: In order to Go Bullish it needs to Break the Yearly Resistance 112.075
    Scenario 2: In order to be bearish it needs to push through the Quarterly 111.49

    According to the Analysis, The pair is expected to find support at 111.488, and a fall through could take it to the next support level of 111.334. The pair is expected to find its first resistance at 111.846, and a rise through could take it to the next resistance level of 112.050.

    Previous Day range was 3580 and Current Day Range is 1340.

    GBP USD
    [​IMG]
    The GBP traded higher against the USD and closed at 1.2932.
    GBPUSD RESPECTING the resistance from D1 resistance trend line.

    Now the pair stalls on the Quarterly Pivots Level

    As it can be seen that the pair made a series of LH and LL so a down trend is expected.
    Alternatively a bullish trend may start after the Daily Trend Line Resistance is broken...

    The pair is expected to find support at 1.29087, and a fall through could take it to the next support level of 1.28858. The pair is expected to find its first resistance at 1.29506, and a rise through could take it to the next resistance level of 1.29696.

    GBP USD previous Day range was 41.9 and Current Day Range is 23.4.

    GBP CHF
    [​IMG]
    The GBP traded higher against CHF and closed at 1.3186.
    GBPCHF broke the daily support trend line.

    The pair stalls @ Quarterly and yearly Pivot As marked. If the pair breaks the 127 extension then it may bre bullish or else in the alternate scenario if the price breaks the low of Daily support then a DOUBLE TOP may have to form.

    According to the analysis, pair is expected to find support at 1.31600, and a fall through could take it to the next support level of 1.31346. The pair is expected to find its first resistance at 1.32064, and a rise through could take it to the next resistance level of 1.32274.

    GBP CHF previous day range was 46.4 and current day range is 23.2.
    Technical Overview of USD/JPY,GBP/USD and GBP/CHF Currency Pairs
     
  4. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/CHF, NZD/USD and GBP/CHF Currency Pairs

    EUR CHF
    [​IMG]
    The EUR traded higher against the CHF and closed at 1.1392.

    1- Mother bar @ Middle Quarter Resistance 2
    2-The top is the 786 Level retracement
    3- The D1 Trend line has also broken. Indicating a Bearish Movement

    Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Middle Quarter Resistance 1.
    Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top.

    According to the Analysis, The pair is expected to find support at 1.13750, and a fall through could take it to the next support level of 1.13577. The pair is expected to find its first resistance at 1.14244, and a rise through could take it to the next resistance level of 1.14565.

    Previous Day range was 49.4 and Current Day Range is 23.9.

    NZD USD
    [​IMG]
    The NZD traded higher against the USD and closed at 0.662.

    1- H4 Mother bar @MSup1Q1
    2-The 61% Level retracement

    Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Msup1Y1 & Msup1Q1

    Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top.

    The pair is expected to find support at 0.65978, and a fall through could take it to the next support level of 0.65754. The pair is expected to find its first resistance at 0.66608, and a rise through could take it to the next resistance level of 0.67014.

    NZD USD previous Day range was 63 and Current Day Range is 27.5.

    GBP CHF
    [​IMG]
    The GBP traded higher against CHF and closed at 1.3278.

    1- An Effort candle followed by climax candle.
    2- Formed candles @ the previous month resistance
    3- Followed by no demand no supply
    4- Followed by vpoc with low volume

    Scenario1: If the pair retraces to the no demand no supply area with low volume then we may see a downward movement.
    Scenario 2: If we see a bullish breakout then we will need further conformations to go long.
    According to the analysis, pair is expected to find support at 1.32556, and a fall through could take it to the next support level of 1.32332. The pair is expected to find its first resistance at 1.33018, and a rise through could take it to the next resistance level of 1.33256.

    GBP CHF previous day range was 46.2 and current day range is 50.1.
    Technical Overview of EUR/CHF, NZD/USD and GBP/CHF Currency Pairs
     
  5. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of GBP/JPY and AUD/NZD Currency Pairs

    GBP JPY

    The GBP traded higher against the JPY and closed at 146.344.
    GBPJPY @ a very strong resistance

    Reasons

    1- The Long Blue candle Represents Climax candle (indicating that smart money may be interested in selling).

    2- Abcd formed @ 127Extension.

    3- 127 level in confluence with trendline of Pivot Candles.

    4- Price approaching the Middle Resistance 1 of 1st Quarter.

    5- RSI H4 & D1 Already in Over Bought level.

    6- High of Previous Daily & Weekly Candle also Broken.

    So Scenarios

    If we see A Low Volume Test (two bullish candles followed by a bearish one with low volume then we can expect selling).

    If we break above the 161 Level with 2 bearish candles followed by 1 bullish low volume candle may resume uptrend.

    According to the Analysis, The pair is expected to find support at 145.254, and a fall through could take it to the next support level of 144.164. The pair is expected to find its first resistance at 146.951, and a rise through could take it to the next resistance level of 147.558.

    GBP JPY Previous Day range was 16970 and Current Day Range is 9510.

    AUD NZD

    The AUD traded higher against the NZD and closed at 1.0572.

    The Pair Formed
    1- Mother bar in side bar @ the Quarterly Resistance, Previous Month Resistance and Monthly Pivot Levels. It’s in a range for now.
    2- 55 and 21 Period Moving average has a downward slope.
    3- Pair has made a series of LH and LL and the Trendline from the PIVOT CANDLES has been formed.

    Scenarios

    1- A break below the Low of Mother bar may continue the trend.
    Or
    2- A break above the Mother bar High may have a change in bias towards the up side.

    The pair is expected to find support at 1.05557, and a fall through could take it to the next support level of 1.05396. The pair is expected to find its first resistance at 1.05833, and a rise through could take it to the next resistance level of 1.05948.

    AUD NZD previous Day range was 27.6 and Current Day Range is 32.4.
    Technical Overview of GBP/JPY and AUD/NZD Currency Pairs
     
  6. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of AUD/CHF and EUR/AUD Currency Pair

    AUD CHF
    [​IMG]

    The AUD traded lower against the CHF and closed at 0.7128.
    It’s an interesting pair; let’s see what it has for us today. The same Directions apply to almost all of the AUD pairs.

    1-It formed A daily Motherboard Inside bar
    2- It’s in confluence with Yearly Pivots
    3- It’s in confluence with Quarter Pivots
    4- It’s in confluence with Month Pivots
    5- The Pair has been making a series of LL and LH.
    6- The Pivotal Trend line has broken to the upside.
    7- The Trendline has been Tested

    Scenario 1-If we get a break above the 0.7160 -0.7175 Zone of Year/Quarter & Month Pivot then we may Expect to move UP
    Scenario 2- If we break the lows of Mother bar Inside bar then we may go Down

    According to the Analysis, The pair is expected to find support at 0.71082, and a fall through could take it to the next support level of 0.70884. The pair is expected to find its first resistance at 0.71540, and a rise through could take it to the next resistance level of 0.71800.

    AUD CHF Previous Day range was 45.8 and Current Day Range is 26.7.

    EUR AUD
    [​IMG]
    The EUR traded higher against the AUD and closed at 1.6011.
    Pair has formed

    1 - It formed a daily Mother bar Inside bar.
    2 - It’s in confluence with Yearly Pivots.
    3 - It’s in confluence with Quarter Pivots.
    4 - Range of Quarter and Year Pivots.

    5 - The Pair has been making a series of HH and HL.

    6 - Break Above or below the 127 Extension may lead pair to the short term trend.

    According to the Analysis, The pair is expected to find support at 1.59644, and a fall through could take it to the next support level of 1.59184. The pair is expected to find its first resistance at 1.60376, and a rise through could take it to the next resistance level of 1.60648.

    EUR AUD Previous Day range was 73.2 and Current Day Range is 62.
    Technical Overview of AUD/CHF and EUR/AUD Currency Pair
     
  7. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1107.

    The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.

    According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135.

    AUD USD

    AUD traded lower against USD and closed at 0.6799.
    • AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back.
    • USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate.
    • Leads to risk aversion in Asia as risk/EM assets sold across board.
    • Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016.
    • Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues?
    According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794.

    NZD USD

    NZD traded lower against USD and closed at 0.6540
    • A number of downward slopping trend lines indicate weakness of NZD/USD.
    • 10-week old support-line grabs bears’ attention.
    • In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday.

    The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.
     
  8. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of AUD/USD, GBP/USD and USD/JPY Currency Pair

    AUD USD

    AUD traded lower against USD and closed at 0.6756.
    • AUD/USD remains upbeat as the RBA renounce from the policy change.
    • The central bank stepped back from suggesting further rate cuts.
    • Trade/political news will be followed for fresh impulse.
    According to the report of The Reserve Bank of Australia (RBA), there will be no change in the monetary policy, offers a 1.0% interest rate. The central bank avoid from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers.

    According to the Analysis, pair is expected to find support at 0.678 and a fall through could take it to the next support level of 0.677. The pair is expected to find its first resistance at 0.6797 and a rise through could take it to the next resistance level of 0.6803.

    GBP USD

    GBP traded higher against USD and closed at 1.2143.

    · GBP/USD stays on defensive 100 hour exponential moving average.
    · 4-day old support-line seems immediate rest ahead of 1.2080.

    According to the Analysis, pair is expected to find support at 1.2101 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2189, and a rise through could take it to the next resistance level of 1.2233.

    USD JPY

    USD traded higher against JPY and closed at 105.9500.

    The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.

    Previous reading for Gross Domestic Product was 0.6%.
    Expected GDP is 0.1%.

    According to the Analysis, pair is expected to find support at 106.43 and a fall through could take it to the next support level of 106.17. The pair is expected to find its first resistance at 107.02, and a rise through could take it to the next resistance level of 107.36.
     
  9. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of NZD/USD, EUR/USD and USD/CNY Currency Pair

    NZD USD

    NZD traded lower against USD and closed at 0.6446.

    · Lower than expected USD/CNY fix and comments from RBNZ calming markets.
    · RBNZ asst Governor Hawkes by is confident inflation will rise after 50 BP cut.
    · Hawkes by said unconventional tools an option only if inflation tanks.
    · NZD/USD resistance at former support at 0.6480/90 where sellers are tipped.

    The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. According To consensus GDP rate is expected to be lower than previous rate.

    According to the Analysis, pair is expected to find support at 0.6455 and a fall through could take it to the next support level of 0.6452. The pair is expected to find its first resistance at 0.6461 and a rise through could take it to the next resistance level of 0.6463.

    EUR USD

    EUR traded higher against USD and closed at 1.1199.

    Danske Research discusses EUR/USD outlook and expects a dip back towards 1.10 in EUR/USD on 1-3M on yet another Fed disappointment in September.

    According to the Analysis, pair is expected to find support at 1.1211 and a fall through could take it to the next support level of 1.1209. The pair is expected to find its first resistance at 1.1214, and a rise through could take it to the next resistance level of 1.1216.

    USD CNY

    USD traded lower against CNY and closed at 7.0602.

    USD/CNY fix at 7.0039, which was below market estimates.

    The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.

    According to the Analysis, pair is expected to find support at 7.0359 and a fall through could take it to the next support level of 7.0116. The pair is expected to find its first resistance at 7.0749, and a rise through could take it to the next resistance level of 7.0896.
     
  10. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of AUD/USD, GBP/USD and USD/CAD Currency Pair

    AUD USD

    AUD traded lower against USD and closed at 0.6802.

    · RBA quarterly SOMP just released is in line with dovish market assumptions
    · RBA notes the downside risks posed by US-China trade war escalation
    · AUD/USD off early high (0.6822), but still holding above 0.6800

    The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6666. The pair is expected to find its first resistance at 0.6789 and a rise through could take it to the next resistance level of 0.6818.

    GBP USD

    GBP traded higher against USD and closed at 1.2133.

    The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 1.2113 and a fall through could take it to the next support level of 1.2082. The pair is expected to find its first resistance at 1.2182, and a rise through could take it to the next resistance level of 1.2221.

    USD CAD

    USD traded lower against CAD and closed at 1.3227.

    The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

    The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.

    According to the Analysis, pair is expected to find support at 1.3279 and a fall through could take it to the next support level of 1.3251. The pair is expected to find its first resistance at 1.334, and a rise through could take it to the next resistance level of 1.3373.
     
  11. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of USD/JPY, NZD/USD and USD/CHF Currency Pair

    USD JPY

    USD traded lower against JPY and closed at 105.6900.

    · USD/JPY: Bears staying in control in the Asian session.
    · USD/JPY4-hour chart: The pair is also at risk of extending its decline,

    USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar.

    According to the Analysis, pair is expected to find support at 105.3 and a fall through could take it to the next support level of 104.92. The pair is expected to find its first resistance at 106.04 and a rise through could take it to the next resistance level of 106.39.

    NZD USD

    NZD traded lower against USD and closed at 0.6468.

    · NZD/USD jumps 20 pips on comments by New Zealand's Treasury that QE is less appealing.
    · Treasury feels RBNZ could cut rates to the negative territory if required.

    NZD/USD is recovering lost ground on comments by New Zealand's Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of monetary easing.

    According to the Analysis, pair is expected to find support at 0.6402 and a fall through could take it to the next support level of 0.6359. The pair is expected to find its first resistance at 0.6478, and a rise through could take it to the next resistance level of 0.6512.

    USD CHF

    USD traded lower against CHF and closed at 0.9727.

    · USD/CHF's 4-hour and daily charts are showing signs of seller exhaustion.
    · The pair could rise to the 10-day moving average resistance during the day ahead.

    USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of a bearish-to-bullish trend change.

    According to the Analysis, pair is expected to find support at 0.9703 and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9784.
     
  12. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1169.

    · EUR/USD aims to revisit 4H 100MA after taking another U-turn from near-term resistance-line.
    · While 1.1283/87 can please buyers during upside break, 23.6% Fibonacci retracement can lure during post-1.1158 declines.

    The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

    The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

    The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1156. The pair is expected to find its first resistance at 1.1214 and a rise through could take it to the next resistance level of 1.1228.

    GBP USD

    GBP traded lower against USD and closed at 1.2058.

    · GBP/USD remains on a back foot amid recent UK political news.
    · Rebel MPs readying for early-September action.
    · UK CPI, trade/political news in the spotlight.

    The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

    According to the Analysis, pair is expected to find support at 1.2046 and a fall through could take it to the next support level of 1.2033. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2103.

    AUD USD

    AUD traded lower against USD and closed at 0.6800.

    · AUD/USD drops to the intra-day low after China’s July month Retail Sales and Industrial Production lagged behind market consensus and prior.
    · Cautious trading and a lack of fresh clues confined the pair’s moves during the early morning.
    · The US-China trade news, speech from RBA’s Debelle will provide fresh impulse.

    The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

    The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 0.6760 and a fall through could take it to the next support level of 0.6743. The pair is expected to find its first resistance at 0.6814, and a rise through could take it to the next resistance level of 0.6831.
     
  13. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of AUD/USD, USD/JPY and USD/CHF Currency Pair

    AUD USD

    AUD traded higher against USD and closed at 0.6747.

    · AUD/USD maintaining bid tone as markets send mixed signals regarding risk.
    · US yields hitting historic lows in Asia with 30-year yield below 2.0%.
    · Bond market is pricing in strong chance of recession nL4N25B0GG.
    · Despite moves in US Treasuries. S&P futures up over 0.40%.
    · AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300.
    · Unless bond market wrong, AUD/USD should struggle on global growth concerns.
    · AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo.

    According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811.

    USD JPY

    USD traded lower against JPY and closed at 105.89.

    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, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66.

    USD CHF

    USD traded higher against CHF and closed at 0.9732.

    According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777.

    According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as:

    (1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50;
    (2) Possible risk of USD intervention by the US;
    (3) Rising odds of a “No Deal” Brexit;
    (4) Re-emergence of Italy political risk;
    (5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war;
    (6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports;
    (7) 2020 - US presidential election year leaves scope for a more aggressive Trump;
    (8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,
     
  14. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of USD/CAD, USD/JPY and EUR/USD Currency Pair

    USD CAD

    USD traded lower against CAD and closed at 1.3323.

    Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

    According to the Analysis, pair is expected to find support at 1.3270 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3304 and a rise through could take it to the next resistance level of 1.3338.

    USD JPY

    USD traded lower against JPY and closed at 106.62.

    FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

    According to the Analysis, pair is expected to find support at 106.36 and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 106.70, and a rise through could take it to the next resistance level of 106.81.

    EUR USD

    EUR traded higher against USD and closed at 1.1087.

    According to the Analysis, pair is expected to find support at 1.1075 and a fall through could take it to the next support level of 1.1066. The pair is expected to find its first resistance at 1.1105, and a rise through could take it to the next resistance level of 1.1114.
     
  15. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pair

    EUR USD

    EUR traded lower against USD and closed at 1.1102.

    EUR/USD failed to confirm a bullish reversal with a close above 1.1153 on Monday.
    German GDP is expected to have contracted by 0.1% in the second quarter.

    HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

    According to the Analysis, pair is expected to find support at 1.1079 and a fall through could take it to the next support level of 1.1057. The pair is expected to find its first resistance at 1.1138 and a rise through could take it to the next resistance level of 1.1175.

    USD CAD

    USD traded lower against CAD and closed at 1.3254.

    The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

    According to the Analysis, pair is expected to find support at 1.3229 and a fall through could take it to the next support level of 1.3203. The pair is expected to find its first resistance at 1.3298, and a rise through could take it to the next resistance level of 1.3342.

    AUD USD

    AUD traded higher against CAD and closed at 0.6775.

    The Aussie ignored upbeat Chinese data and risk-on trades on the Asian stocks. Focus remains on trade and US data.

    According to the Analysis, pair is expected to find support at 0.6732 and a fall through could take it to the next support level of 0.6713. The pair is expected to find its first resistance at 0.6774, and a rise through could take it to the next resistance level of 0.6797.
     
  16. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of NZD/USD and USD/CHF Currency Pair

    NZD USD

    NZD traded lower against USD and closed at 0.6362.

    NZD/USD's daily chart indicators are reporting early signs of a bullish reversal.
    Trend reversal would be confirmed above Monday's high.

    According to the Analysis, pair is expected to find support at 0.6351 and a fall through could take it to the next support level of 0.6340. The pair is expected to find its first resistance at 0.6379 and a rise through could take it to the next resistance level of 0.6369.

    USD CHF

    USD traded higher against CHF and closed at 0.9815.

    USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01.
    23.6% of Fibonacci retracement can offer immediate support.
    Swiss ZEW Survey – Expectations in the spotlight.

    According to the Analysis, pair is expected to find support at 0.9780 and a fall through could take it to the next support level of 0.9747. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9869.
     
  17. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/CNY, USD/JPY and USD/CAD Currency Pair

    EUR CNY

    EUR traded higher against CNY and closed at 7.9029.

    The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

    The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

    The Caixin China Manufacturing PMI™, released by Market Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.

    According to the Analysis, pair is expected to find support at 7.881 and a fall through could take it to the next support level of 7.860. The pair is expected to find its first resistance at 7.934 and a rise through could take it to the next resistance level of 7.967.

    USD JPY

    USD traded lower against JPY and closed at 106.5200.

    Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, it is seasonally adjusted.
    The index allows evaluating consumer spending which is an important indicator of the national inflation.
    The indicator growth can have a positive effect on yen quotes.

    According to the Analysis, pair is expected to find support at 105.55 and a fall through could take it to the next support level of 105.33. The pair is expected to find its first resistance at 106.03, and a rise through could take it to the next resistance level of 106.29.

    USD CAD

    USD traded higher against CAD and closed at 1.3287.

    The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.

    According to the Analysis, pair is expected to find support at 1.3239 and a fall through could take it to the next support level of 1.3194. The pair is expected to find its first resistance at 1.3315, and a rise through could take it to the next resistance level of 1.3346.
     
  18. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    XtreamForex is the Fastest Growing ECN Forex Broker in the Financial Market

    XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe. Grand Investing Group has twenty years of experience in investment and commercial banking, as well as real estate investments.
    In January 2016, XtreamForex - (a trade name of Grand Investing LTD) - was formed in order to provide retail investors access to the currency, commodities, energies and equities markets.
    Clients of XtreamForex are offered a choice of 5 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads.
    Swap-free service is available to clients of Islamic belief on Micro & Standard account types. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account.
    XtreamForex is a member of the Investors Compensation Fund and that client funds are held in segregated bank accounts as per our regulations requirements. What is more, the broker provides negative balance protection, ensuring that its clients do not lose more than they have invested.

    Trading Conditions
    Minimum Initial Deposit
    XtreamForex requires a minimum investment of $5 from traders to open an account, which is a very low minimum deposit requirement.

    Maximum Leverage
    The maximum leverage rates offered by this broker are high, reaching 1:1000.

    Forex Trading Platform
    XtreamForex offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android, iPad & iPhone).

    Customer Support
    XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us.

    The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conduct transactions, create and use Expert Advisors (EAs). EAs are advanced automated trading systems written in MQL4 that are able to analyze market conditions automatically, open and close positions and place, modify or delete orders.\

    Forex Promotions & Bonuses

    Join any one of our Forex Promotions from XtreamForex and get the most out of your trading. Some of our promotions will support your account in the case of drawdown and some of them support you wile opening trades. All of XtreamForex promotions and bonuses increase your trading volume and the only thing you need to do is to trade on regular basis and enjoy profit.

    At the time of writing of this review, XtreamForex offers its traders the following promotions:
    - 100% Credit Bonus
    This bonus applies to clients with minimum deposit $100 and cannot be withdrawn from the trading account.

    - 30% Tradable Bonus
    This bonus applies to clients with minimum deposit $500 and can be withdrawn from the trading account.

    - Everyday Payout
    As a IB you can earn up to $25/Lot commissions for each traded lot by your referred clients and this time you can withdraw your daily earned commission at the end of the day. Every 24 hour you will be able to cash out your earned commission into your IB account.

    - Annual IB Contest
    XtreamForex starts an annual competition for all our partners. Become a XtreamForex Partner and grab the chance to achieve your dreams!

    Methods of Payment
    XtreamForex offers a large number of payments methods to accommodate all our international clients through their account management portal, MyXtream: Bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, China UnionPay and Local Deposits and withdrawals.

    XtreamForex charges no fees on deposits and withdrawals.

    Conclusion
    XtreamForex is a true ECN Forex Broker that offers reasonable conditions for trading with a variety of products through the robust MT4. Start Online Trading with XtreamForex and Experience Reliable Foreign Exchange Trading with Best Forex Brokers and get an edge with our exceptional Forex Trading conditions.
     
  19. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pair

    GBP USD

    GBP traded lower against USD and closed at 1.2281.

    The UK Parliament will decide whether the UK PM Johnson's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

    · GBP/USD deflected by Ichimoku Cloud as pointed out
    · Chart blockade has impeded rally, but bullish bias not gone
    · Bulls need to clear Cloud top 1.2432 to force short-covering
    · Daily Bollinger uptrend channel in play if 1.2269 floor holds
    · But Mon closing below that mark could skew back toward 1.2100
    · Entrance of downtrend channl awaits as Brexit uncertainty builds

    According to the Analysis, pair is expected to find support at 1.2266 and a fall through could take it to the next support level of 1.2255. The pair is expected to find its first resistance at 1.2300 and a rise through could take it to the next resistance level of 1.2311.

    AUD USD

    AUD traded higher against USD and closed at 0.6846.

    AUD/USD trades firmer near-daily highs above the 0.6850 level after the Australian Home Loans data showed a solid surge in July. The spot also finds support from China's RRR cut despite disappointing Chinese trade figures.

    According to the Analysis, pair is expected to find support at 0.6839 and a fall through could take it to the next support level of 0.6836. The pair is expected to find its first resistance at 0.6851, and a rise through could take it to the next resistance level of 0.6854.

    USD JPY

    USD traded lower against JPY and closed at 106.90.

    USD/JPY is trading little changed below 107.00 so far this Monday amid Japanese GDP data and improved risk tones. Risk remains skewed to the upside, as the pair is developing above all of its moving averages.

    According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
     
  20. xtreamforex

    xtreamforex Registered

    Messages:
    123
    Likes Received:
    1
    Trophy Points:
    18
    Portfolio:
    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1046.

    · EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063
    · Return to downtrend possible, in repeat of early Aug price action
    · Bullish reversal pattern may again be overturned at Bollinger band 1.1111
    · Previous failures to close inside Bollinger uptrend channel cued selloff

    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.

    According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076.

    NZD USD

    NZD traded higher against USD and closed at 0.6422.

    According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449.

    GBP USD

    GBP traded lower against USD and closed at 1.2345.

    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
     

Featured Resources (View All)