LiteForex Market Analytics

[LiteForexTeam]

Forex: Ichimoku Clouds. Review of AUD/USD

AUD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards while the blue one remains horizontal. Chinkou Span is above the price chart; current cloud is ascending. The closest support level is Tenkan-sen line at 0.9512. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 0.9620.



AUD/USD, D1

On the daily chart Tenkan-sen line is above Kijun-sen, they are both directed upwards. Chinkou Span line is above the price chart, current cloud is ascending. After a pull-back the pair has returned to rise, support level is Tenkan-sen line at 0.9467. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 0.9640.



Key levels

Support levels: 0.9512, 0.9467.
Resistance levels: 0.9620, 0.9640.

Trading tips

On the four-hour chart we can see a slowdown of the ascending movement but the daily chart indicates the wave of “bullish” trend. The targets for the buy orders are 0.9620 and 0.9640.

Anastasiya Glushkova
Analyst of LiteForex Group of Companies

[LiteForexTeam]

XAG/USD: technical analysis

Current trend

The metal has been trading in the descending channel for one and a half month. On Tuesday silver hit new local lows but almost instantly returned to the level of 21.40, which coincides with the level of 61.8% Fibonacci. This is the key level and silver has been trading near this level for a week, trying to determine further movement direction
Technical indicators give mixed signals. However most of them indicate sideways movement. MACD histogram has crossed the signal line from bottom to top in the negative zone. Stochastic is above the average zone; however its lines tends to opposite directions.

Support and resistance

Resistance levels: 21.30, 21.40 and 21.55. Support levels: 21.2 and 21.00.

Trading tips

It is advisable to open long positions above the level of 21.70 with the target of 22.45. Short positions are recommended below the level of 21.00.



Ilya Lashenko
Analyst of LiteForex Group of Companies.

[LiteForexTeam]

Forex: Ichimoku Clouds. Review of GBP/USD

GBP/USD, H4

On the four-hour chart Tenkan-sen line is above Kijun-sen and they are both directed steeply upwards. Chinkou Span line is above the price chart, current Kumo has reversed from descending to ascending. The pair has broken through the upper border of the cloud, which is now a support level at 1.6086. The next resistance level will be the previous highs of the Chinkou Span line (1.6237).



GBP/USD, H4, D1

Let’s look at the daily chart. Tenkan-sen and Kijun-sen lines have come close above the cloud, but weren’t able to cross, the red line is still above the blue one. Chinkou Span is above the price chart from above, current cloud is ascending. The closest support level is Tenkan-sen line at 1.6041. Previous maximum of Chinkou Span line is expected to be a resistance level at 1.6223.



Key levels

Support levels: 1.6086, 1.6041.
Resistance levels: 1.6237, 1.6223.

Trading tips

On the H4 chart Ichimoku lines confirm a strong “bullish” movement. On the daily chart Tenkan-sen and Kijun-sen lines haven’t crossed, so the upward trend is still strong. Targets for the long positions are 1.6237 и 1.6223.

Anastasiya Glushkova
Analyst of LiteForex Group of Companies

[LiteForexTeam]

XAU/USD: the pair rises due to weak Dollar

Current trend

This Wednesday republicans and democrats of US Congress have finally reached an agreement. The deal has been signed and debt limit lifted. However market didn’t react with high volatility. Then on Thursday gold has risen considerably and reached the level of $1320 per ounce. The Dollar weakening was caused by sovereign rating decline. China rating agency has cut US from А to А-minus.

Support and resistance

The commodity is trading around 1316.00. The closest support levels are 1310.00, 1300.00 and 1285.00. The resistance levels will be at 1321.00, 1340.00 and 1347.00.

Trading tips

Long positions should be opened after the breakdown of the 1330.00 level and consolidation above it. Short positions are recommended to place below the level of 1300.00 with targets around 1275.00.



Ilya Lashenko
Analyst of LiteForex Group of Companies.

[LiteForexTeam]

Brent: review

Current trend

Today quotes of crude oil Brent are gradually growing. Oil is supported by investors’ belief that US Fed will not phase out economic stimulus programs. Analysts believe that US Fed will not take drastic measures taking into account political crisis in the Unites States and its consequences. Investors today will be guided by US macro-economic statistics, which has not been published due to 16-day break in the work of government agencies.

Support and resistance
Support levels: 109.15, 108.60 and 107.90.
Resistance levels: 109.80, 110.20, 110.60 and 111.00.


Trading tips

It is likely that Brent rate will go up today. It makes sense to place long positions after breakdown of the level of 110.20 with the target of 110.60 and 111.00.



Vadim Smarzh
Analyst of LiteForex Group of Companies

[LiteForexTeam]

EUR/USD: general analysis


Current trend
On Friday European currency reached the highs of 1.3700; at the opening of this trading week Euro has corrected to the level of 1.3671. European currency has chances to hit annual high, if the pair manages to consolidate above the level of 1.3750.
Improvements in the economic situation of peripheral countries of Europe and positive macro-economic statistics from Germany led investors to reconsider their attitude to Euro. Experts believe that increasing yield of Italian bonds reflects investors’ confidence in the country and belief that Italy will be able to pay off its debts. The news, which can affect Euro today-is producer price index in Germany.


Support and resistance
On the four-hour chart the nearest resistance level is 1.3700, which are the highs of last Friday. Support level is 1.3645.

Trading tips
It is recommended to open long positions from the level of 1.3710 with the target of 1.3780 and protective order around 1.3685.




Dmitry Agurbash
Analyst of LiteForex Group of Companies

[LiteForexTeam]

Weekly analytical video review for currency pairs EUR/USD, GBP/USD and USD/JPY 21-25.10.2013

Weekly analytical video review for instruments EUR/USD, GBP/USD and USD/JPY based on fundamental analysis and technical indicators (MACD, Stochastic, Bollinger Bands). Daily reviews and forecast are available at LiteForex site http://www.liteforex.com/?uid=434248008

https://www.youtube.com/watch?v=MD_31Y420W8&list=PL0AkDoT530vyjQ_utOoMufN3NfndBfCqg&index=20

[LiteForexTeam]

USD/JPY: technical analysis

Current trend

USD/JPY continues to strengthen despite the fact that other major currency pair seem to be in the sideways trend. Last week the pair made several unsuccessful attempts to overcome the level of 99.00 and after fell to support level of 97.75. This level, which coincides with the level of 50% Fibonacci proved to be strong and prevented further decline in the pair. Now the instrument USD/JPY is in the ascending channel, tending to the level of 98.50 (level of 38.2% Fibonacci).

Support and resistance

The nearest resistance level is 98.50 is the main target for the “Bulls”. Next resistance levels are: 98.80, 99.00 and 99.40. Support levels: 98.20, 98.00, 97.75 and 97.50.

Trading tips

It is advisable to open short positions after breakdown of the level of 97.50. Pending sell orders are recommended at the level of 98.50. It also makes sense to open long positions above the level of 99.00.



Ilya Lashenko
Analyst of LiteForex Group of Companies.

[LiteForexTeam]

Gazprom: general analysis

Current trend

Gazprom bonds are still trading within an upward trend on the daily chart. The instrument has reached local highs at the level of 158.14 and then been corrected to the level of 155.50. After temporary relief in US budget, positive sentiments reign in American markets. Index S&P500 has hit a new maximum, affecting favourably Russian stock markets. Additional support stocks and indices can get from the reports of constantly growing US companies, such as McDonald’s.
As the president of Dallas FRS had said, the volumes of QE3 program won’t be reduced any time soon. Economic conditions of United States are still unstable, and the growth demands a stimulus. Existing Home Sales index, for example, has decreased by 1.9% in September.

Support and resistance

The closest resistance level is 157.37. Support level is 154.63.

Trading tips

It is recommended to open long trades at the level of 157.50 with target around 159.00 and stop-losses at 157.25.



Dmitry Agurbash
Analyst of LiteForex Group of Companies.

[LiteForexTeam]

GBP/USD: upward momentum has dried up

Current trend

Following significant decline in the USD caused by changes in the US credit rating, the USD started to regain positions. Experts are pretty confident that the decline in the USD will be short lived and by the end of this year the USD rate will significantly rise. Economic growth rate in Britain has slowed down compared to the growth rate in August and September; however the rate is still high.
Market participant are waiting for the US labour market information. Favourable data on Nonfarm Payrolls can cause the decline in the pair to support level of 1.5950 (recent local lows and the level of 38.2 % Fibonacci).

Support and resistance /b]

MACD indicator confirms forecast for the downward movement: histogram on the daily chart is below the signal line and is directed downward.

Support levels: 1.6100, 1.5950, 1.5880 and 1.5750.
Resistance levels: 1.6200 and 1.6260.

[b]Trading tips

Sell orders can be opened at the current price with profit taking near the level of .5950-1.5880. It is also advisable to place pending buy orders above the level of 1.6200 with profit taking at the level of 1.6400.



Dmitry Likhachev
Analyst of LiteForex Group of Companies