LiteForex Market Analytics

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Tue Oct 29, 2013 4:45 am

Forex: Ichimoku Clouds. Review of EUR/USD

EUR/USD, H4
On the four-hour chart Tenkan-sen line is above Kijun-sen and they are both horizontal. Chinkou Span line is crossing the price chart from above, current Kumo is ascending. The pair has pulled back under Tenkan-sen (1.3792) and Kijun-Sen (1.3786) lines, which become a resistance levels. The closest support level is the upper border of the cloud (1.3836).
Image

EUR/USD, D1
Let’s look at the daily chart. Tenkan-sen and Kijun-sen lines still can’t cross above the cloud and the red line is once again above the blue one. Chinkou Span is above the price chart, current cloud is ascending. The closest support level is Tenkan-Sen line at 1.3674. One of the previous maximum of Chinkou Span line is expected to be a resistance level at 1.4188

Image

Key levels
Support levels: 1.3695, 1.3674.
Resistance levels: 1.3792, 1.4188.

Trading tips
On the both charts Tenkan-sen and Kijun-sen lines are close above the chart; the cross between them will be a signal of the trend reversal. The targets for the short positions are 1.3695 and 1.3674.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Wed Oct 30, 2013 5:14 am

GBP/USD: decline in the US GDP may weaken the USD

Current trend
On Tuesday the pair GBP/USD fell amid strengthening of the USD. The American currency was supported by favourable data on industrial production and capacity utilization.
Important British news, which could have supported the Pound, is not scheduled for the release today. Attention shall be paid to the data on key interest rate and GDP in the USA. In addition, investors will be interested in the outcome of the meeting of FOMC and the destiny of American of quantitative easing program.


Support and resistance
Decline in GDP in Q3 was caused by political wars in the USA, which can have negative impact on the USD rate and provide support to the pair GBP/USD. It is expected that the pair will go up to the first resistance level of 1.6100, and after that will resume downtrend.
Support levels: 1.6000, 1.5920, 1.5880 and 1.5750.
Resistance levels: 1.6100, 1.6200 and, 1.6260.



Trading tips
In the current situation it is recommended to place sell orders at the level of 1.6100 with take profit at the level of 1.5920.

Image

Dmitry Likhachev
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Re: LiteForex Market Analytics

Postby LiteForexTeam » Wed Oct 30, 2013 5:31 am

XAG/USD: technical analysis
Current trend
Two weeks ago the pair reached local lows at the level of 20.48 and after that started to grow. Metal rose up to resistance level of 22.90, which coincides with the level of 38.2% Fibonacci, which prevented further rise in price. Now the pair consolidates in the channel of 22.70-22.25. Technical indicators also show that decline is possible. The signal line of MACD is ready to cross the zero line; Stochastic lines have crossed, although they are directed sideways.

Support and resistance
The nearest resistance level is 22.60, next after it is 22.90, which is the key level for the “bulls.” Support levels are 22.25, 22.00, 21.70 and 21.55.

Trading tips
At the moment the pair is in the sideways channel; however soon one of its boundaries can be broken down, therefore it is not recommended to enter the market before this moment.

Image

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Re: LiteForex Market Analytics

Postby faryfx » Thu Oct 31, 2013 1:53 am

thanks about your analysis . i help me in this market !
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Re: LiteForex Market Analytics

Postby LiteForexTeam » Thu Oct 31, 2013 5:50 am

EUR/USD: Optimism of the US Fed has strengthened Dollar

Current trend
Following the announcement of the outcome of FOMC meeting, the pair EUR/USD has slightly declined. The USD was supported by optimistic forecast of the US economic growth. Fed members said about the rise of economic activity and possibility of phasing out of quantitative easing program later this year.

Support and resistance
The price has overcome important support level of 1.3730 and is moving now towards the level of 1.3700, trying to break down average line of “Bollinger Bands” indicator. Next obstacle for the “bears” will be the line 1.3660. Resistance levels are 1.3730, 1.3770 and 1.3832.
On the four-hour chart technical indicators confirm probability of downward movement. Bollinger bands are directed downward. Intersection of MACD and the zero line gives a sell signal.

Trading tips
It is recommended to open short positions from the level of 1.3700 with the primary target at the level of 1.3655.

Image

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Thu Oct 31, 2013 6:17 am

USD/CHF: analysis and forecast
Current trend
Last week the pair hit two-year lows at the level of 0.8890; however it failed to maintain this level for long. Probably current rise is just correction and the pair will try to overcome support level of 0.8890 once again. It is also possible that the USD will continue to strengthen, especially if the US Fed will curtail Q3 program this year.

Support and resistance
The nearest resistance level is 0.9020, which is the main target of the “bulls”. Next resistance levels are 0.9050, 0.9075 and 0.9130. Support levels are 0.8980 and 0.8960.

Trading tips
It is advisable to open long positions after consolidation of the pair above the level of 0.9020. Limit buy orders can be placed at the level of 0.8900. Short positions are recommended below the level of 0.8870.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Fri Nov 01, 2013 5:53 am

NZD/USD: general analysis

Current trend
The pair NZD/USD continues trading in the downtrend. Since 22 October the New Zealand currency has lost about 350 points. At the moment the pair is consolidating near the level of 0.8185, which is a support level both on the daily chart and on the four-hour chart. Breakdown of this level can trigger aggressive sale and decline in the pair to the level of 0.8040.
The NZD is under pressure from Australia, which is a consumer of 20% of New Zealand’s export. According to forecast of OECD, GDP of Australia will fall below the level of 2.8%, which will affect trade with New Zealand and the rate of NZD/USD.
Technical indicators do not show favourable picture for the NZD. Stochastic lines are in the overbought zone, giving a sell signal. The price chart on the four-hour timeframe is below the moving average with the period 50, which also confirms downtrend. The trend will not change until the pair consolidates above the level of 0.8340.


Support and resistance
The nearest resistance level on the daily chart is 0.8340. Support level is 0.8185.

Trading tips
It is advisable to place short positions after breakdown of the level of 0.8185 with the target of 0.8040 and protective orders around 0.8200.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Fri Nov 01, 2013 6:31 am

GBP/USD: investors have put trust in the USD again

Current trend
As expected, the pair GBP/USD rapidly declined on Thursday. Weakness of the currency was caused by the fact that it is significantly overbought. Plus to this additional pressure on the pair was provided by the rise in the USD. On Thursday positive data on the US labour market was released: number of initial applications for unemployment benefits has reduced. PMI in the UK and business activity index in the US manufacturing sector will become known today.


Support and resistance
If British fundamental data is negative, the pair will fall to the recent local lows of 1.5920 (level of 23.6% Fibonacci). The U.S. Open Market Committee warms up demand for the USD, giving promises to terminate QE program. In the medium-term the pair will continue to decline, target for the short positions are the levels of 1.5750 (highs of June) и 1.5550 (level 50% Fibonacci).

Indicators: MACD, Ichimoku and Bollinger Bands confirm forecast of downward movement. MACD histogram fell below the signal line. The price has broken the lines Tenkan and Kijun from top to bottom as well as the average line of “Bollinger bands” indicator.


Support levels: 1.6000, 1.5920, 1.5880 and 1.5750.
Resistance levels: 1.6100, 1.6200 and 1.6260.



Trading tips
Given the indicators it is recommended to place pending short positions from the level of 1.6100 with profit taking at the level of 1.5920.

Image

Dmitry Likhachev
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Re: LiteForex Market Analytics

Postby vuanh » Fri Nov 01, 2013 2:04 pm

i recieve your analysis by email everyday. thanks about this service. with this service i can preview market in the day. i can win with my order. this is really good service . i hope you will be improve this service.
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Re: LiteForex Market Analytics

Postby LiteForexTeam » Mon Nov 04, 2013 5:04 am

Forex: Ichimoku Clouds. Review of AUD/USD

AUD/USD, H4
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are directed towards each other. Chinkou Span line is approaching the price chart from below; current cloud is descending. The pair has slowed down its fall and been corrected above Kijun-sen line, which is now a support level (0.9484). The pair will meet a resistance at the lower border of the cloud (0.9596).

Image

AUD/USD, D1
On the daily chart Tenkan-sen line is above Kijun-sen, and they are both horizontal. Chinkou Span line is above the price chart, current cloud is ascending. The pair has fallen under the blue line, which becomes a resistance level at 0.9518. The support level and a target for the Bears is the upper border of the cloud at 0.9308.

Image

Key levels
Support levels: 0.9484, 0.9308.
Resistance levels: 0.9596, 0.9518.


Trading tips
On the four-hour chart the correction is turning to the trend reversal. The signal to buy will be the cross of Chinkou Span line and the price chart. On the daily chart the picture is different; we expect a signal to sell after the cross of Tenkan-sen and Kijun-sen lines. Targets for the short positions are 0.9484 and 0.9308.

Anastasiya Glushkova
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