LiteForex Market Analytics

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Tue Jan 24, 2017 6:30 am

Brent Crude Oil: General analysis

Current trend

From the opening of the morning trading session the oil prices are growing against yesterday lowering to the level of 54.96. The weakening dollar supports the oil price. The lowering of the dollar is due to the recent speech of the President of the USA, when he accented on the protectionist measures towards the USA economy, while investors were waiting for more specific plans of USA fiscal reformation. The price are also supported by the oil production limitation by OPEC and non-OPEC countries. On the OPEC members meeting on January, 22, in Vienna, it was reported that the world oil production level has lowered by 1.7 million barrels per day. As a result the UKBrent price is reaching the level of 56.14. Today the API Weekly Crude Oil Stock index due at 23:30 (GMT+2) in the USA is worth traders attention.

Support and resistance levels

Support levels: 55.73, 54.96, 54.06.
Resistance levels: 56.14, 57.15, 58.20.

Trading tips

On the 4-hour chart the technical indicators reflects the possibility of growth. The Bollinger Bands are pointed upwards. The MACD histogram is in the positive zone, its volumes are rising, giving a buy signal.
In the current situation open long positions after the breakdown and consolidation of the price above the level of 56.14 with the target at 57.15 and stop loss at 55.80.
If the price is set below the middle line of the Bollinger Bands at the level of 55.25, the downward trend can develop.  In that scenario open short positions with the targets at 54.96, 54.08 and stop loss at 55.60.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Wed Jan 25, 2017 5:05 am

USD/CAD: general analysis

Current trend

The Canada Wholesale Sales index, published on January, 23, was lower than expected and lower than the previous value, which is negative, “bearish” factor for the CAD. Still the decision to keep the interest rate on the level of 0.5%, published on January, 18, outweighed the negative data. From the beginning of the week the pair continue to lower, crossed its strong support range of the lower border of the daily channel and 1.3200 downwards, pointing at the next support levels of 1.3080, 1.2990 and 1.2880.

There are some key issues for the pair to be published on the week. Today it is the USA Housing Price Index and USA Initial Jobless Claims data tomorrow: according to the last reports, the index is lowering, which can support the USD. The Chicago Fed National Activity Index is growing against the December report. The New Home Sales statistics is expected to lower a bit, making a negative impact on the USD. The USA CB Leading Indicator is expected to grow by 0.2%, which support the USD. As a result, today and tomorrow the pair is under the pressure of many controversial factors.

Support and resistance

Support levels: 1.3080, 1.2990, 1.2880, 1.2750.
Resistance levels: 1.3200, 13280, 1.3330, 1.3400.

Trading scenario

Open short positions at the current price with the target at 1.3080, 1.2990, 1.2880. Stop loss is at 1.3200.
Open long positions if the price is back in the daily channel over the level of 1.3200 with the target at 1.3280, 1.3330. Stop loss is at 1.3140.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Fri Jan 27, 2017 5:54 am

USD/JPY: technical analysis

USD/JPY, D1

On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is about to test its longer MA having formed a Bullish divergence with the price. The Composite is showing similar dynamics.

USD/JPY, H4

On the 4-hour chart, the pair is growing along the upper Bollinger band. The price remains above the EMA13, EMA65 and EMA130 but below the SMA200, all are horizontal. The RSI is approaching the border of the overbought zone. The Composite is testing its strong resistance.

Key levels

Support levels: 114.42 (local lows), 113.97 (local lows), 112.54 (January lows).
Resistance levels: 115.57 (local highs), 116.00 (2015 lows), 118.20 (January highs).

Trading tips


The pair might be forming a “flag” pattern. There is a chance of a downward rebound from its upper border while its breakout could lead to a retest of January highs.
Short positions can be opened after the price rebound from the level of 115.57 with targets at 114.42, 113.97, 112.54 and stop-loss at 116.00.
Long positions can be opened from the level of 116.00 with the target at 118.20 and stop-loss at 115.57.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Mon Jan 30, 2017 10:09 am

NZD/USD: update of the highs is unlikely

Current trend

The NZD/USD pair is still going up, "kiwi" won against the US dollar more than 400 points over the last month and reached the level of 0.7310. The main catalyst for the pair remains the tense political situation associated with the change of leadership of the United States. In addition, a number of negative releases came out in the US last week: weak data on the labor market, the construction sector, and preliminary data on GDP. This week, it is worth paying special attention to the Fed's decision on rates, and comments on the US monetary policy.

Support and resistance

The pair is moving upwards quite confidently, and the probability of reaching the target levels of 2016: 0.7400, 0.7480 is high. After that a reversal would be quite possible, either from the current level (the upper limit of the downward range) or from local highs 0.7400, 0.7480 with the target of 0.6875. Technical indicators’ signal remains the same: the volume of long positions of MACD indicator remains at a high level, and the upper Bollinger band consolidated at the level of 0.7355.
Support levels: 0.7200, 0.7135, 0.7050, 0.7010, 0.6950, 0.6875, 0.6795, 0.6750.
Resistance levels: 0.7355, 0.7400, 0.7430, 0.7610, 0.7700, 0.7735, 0.7780, 0.7835.

Trading tips

In this situation short positions could be opened from the key resistance levels of 0.7400, 0.7480, expecting a reversal in the pair with a target at 0.6875. Stop-loss can be set at the level of 0.7530.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Tue Jan 31, 2017 3:45 am

WTI Crude Oil: technical analysis

WTI Crude Oil, D1

On the daily chart the price is lowering, broken the support level formed by the middle line of the Bollinger Bands indicator. The MACD histogram is in the positive zone, keeping a sell signal, its volumes are slightly decreasing. The Stochastic is in the neutral zone, pointed downwards.

WTI Crude Oil, H4

On the 4-hour chart the price is lowering towards the lower border of the Bollinger Bands indicator. If the channel, formed by its borders, widens, the downward dynamics can develop further. The MACD histogram is near the zero line, the signal line is ready to cross the zero line downwards, after which the signal to open short positions will be received. The Stochastic is crossing the neutral zone and the oversold zone border downwards, forming a buy signal.

Key levels

Support levels: 52.50, 52.20, 51.70.
Resistance levels: 53.00, 53.50, 54.10, 54.50, 55.00.

Trading scenario

According to the technical indicators, it’s better to open short positions from the level of 52.50 with the target at 52.00, 51.70. Stop loss is at 52.80. Implementation period: 1-3 days.
Open long positions at the level of 53.00 with the target at 53.50 and stop loss at 52.70. Implementation period: 1-3 days.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Wed Feb 01, 2017 8:20 am

GBP/USD: technical analysis

GBP/USD, D1

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above the EMA14, EMA65 but below the EMA130 and SMA200 that are turning horizontally. The RSI is about to retest its most recent resistance. The Composite turned up as well but shows only a small upward impulse.

GBP/USD, H4

On the 4-hour chart, the pair is trading just below the upper line of Bollinger Bands. The price remains above its moving averages that turned up. The RSI is testing its longer MA and approaching the overbought zone. The Composite is growing having formed a substantial divergence with the price earlier in the week.

Key levels

Support levels: 1.2567 (local lows), 1.2511 (local lows), 1.2345 (November 2016 lows).
Resistance levels: 1.2663 (January highs), 1.2722 (December 2016 highs), 1.2790 (July 2016 lows).

Trading tips

The price is approaching the upper border of the sideways channel where it could reverse downward.
Long positions can be opened from the level of 1.2663 with targets at 1.2722, 1.2790 and stop-loss at 1.2632.
Short positions can be opened after the price rebound from the level of 1.2722 with targets at 1.2663, 1.2567, 1.2511 and stop-loss at 1.2768.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Thu Feb 02, 2017 5:58 am

EUR/USD: general analysis

Current trend

Yesterday the pair grew against the poor speech of the USA FRS. The investors expected to get more specific information concerning the USA interest rate rise, as in the previous meeting the FRS declared the intention to increase the rate triple in the year in the USA economy is in a satisfactory state. The FRS said that the employment rate growth is good and there are positive trends in the consumers’ mood, however the inflation is still low and the business investments are poor. The interest rate was kept on the same level of 0.75%. There is no clear signal about the next interest rate rise schedule, which disappointed the traders.
In this situation during the yesterday trading session the pair grew from the minimumа at the level of 1.0731 to 1.0789. In the morning trading session the pair continues to grow.

Today the traders are waiting for the ECB President Draghi's Speech and the USA weekly Initial Jobless Claims data.

Support and resistance

Support levels: 1.0774, 1.0731, 1.0697, 1.0657.
Resistance levels: 1.0817, 1.0872, 1.0924, 1.0955.

Trading scenario

On the 4-hour chart the Bollinger Bands indicator are pointed sideways, reflection the development of the upward trend. The MACD histogram is in the positive zone, its volumes are rising, forming a buy signal.
Open long positions is the price is set above the level of 1.0817 with the target at 1.0872 and stop loss at 1.0787.
Open short positions if the price is set below the level of 1.0731 with the target at 1.0697, 1.0657 and stop loss at 1.0757.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Fri Feb 03, 2017 5:29 am

USD/JPY: general analysis

Current trend

During the yesterday trading session the USD/JPY grew against the positive USA macroeconomical statistics. After testing a minimum in the area of 112.03, the pair has reached the level of 112.86 in the end of the trading session. The Initial Jobless Claims index, published yesterday, lowered to 246K WoW from 260K in the previous week. Nonfarm Productivity grew by 1.3% in the fourth quarter against the expected growth of 1.0%. The positive statistics makes the traders to expect the Nonfarm Payrolls data to be positive today. The index is expected to increase to 175K in January against 156K in the previous month. The expected values or the values above the expectations will support the USD/JPY in the short term and let the pair to grow to the level of 114.00.

Support and resistance

Support levels: 112.90, 112.56, 112.03.
Resistance levels: 113.64, 114.00, 114.47.

Trading scenario

On the 4-hour chart the Bollinger Bands indicator is slightly converging, reflecting the development of the upward trend. The MACD histogram is in the negative zone, but its volumes are rising, reflecting the growth of the buyers’ activity.
Open long positions after the price is set above the level of 113.23 with the target at 113.64, 114.00, 114.47 and stop loss at 112.95.
Open short positions below the level of 112.90 with the target at 112.56, 112.03 and stop loss at 113.20.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Mon Feb 06, 2017 7:03 am

XAU/USD: general analysis

Current trend

Gold prices are growing against the mixed USA employment data, published on Friday. The Nonfarm Payrolls value grew to 227K in January from 157K in the previous month. The unemployment rate grew to 4.8% in January from 4.7% in the previous month. The mixed employment data and the uncertainty of the Trump’s economical policy press the USD, so the gold price could reach the level of 1225.17, but didn’t manage to consolidate above this level. Today there are no significant macroeconomical releases to influence the pair, so the correction to the level of 1215.17 with the fixing of the profit of the long positions is possible.

Support and resistance

Support levels: 1216.71, 1210.18, 1202.92.
Resistance levels: 1225.17, 1233.12, 1240.00.

Trading scenario

On the 4-hour chart the Bollinger Bands indicator is pointed upwards, reflecting the activity of the buyers. Still the correction to the middle line (1215.17) is possible, as the price broke the upper border of the Bollinger Bands indicator.
The MACD histogram is in the positive zone, its’ volumes are rising, reflecting the development of the upward trend.

The breakout at 1225.17 will signal the continuation of the growth. In this case open long positions above the level of 1225.17 with the target at 1233.12 and stop loss at 1223.17.
Open short positions below the level of 1215.17 with the target at 1210.18 and stop loss at 1217.00.

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Re: LiteForex Market Analytics

Postby LiteForexTeam » Tue Feb 07, 2017 9:13 am

NZD/USD: general review

Current trend
During the Asian trading session, the US dollar strengthened against major currencies. The dollar has received support from the comments of Fed’s representative Harker, who made it clear that the regulator still might raise the interest rates at the March meeting. That’s why the NZD/USD pair dropped abruptly to the level of 0.7297.

Today, the macroeconomic calendar contains no significant releases that could affect the dynamics of the NZD/USD. Investors are waiting for tomorrow's RBNZ decision of the interest rate (22:00 GMT+2) and following press conference (23:00 GMT+2). Interest rates are likely to remain unchanged at 1.75%. However, investors are more interested in the comments of the Head of RBNZ in a press conference, which could lead to an increase in the volatility of the national currency.

Support and resistance
On the 4-hour chart Bollinger bands are directed downward, indicating that the continuation of the current downward trend. The MACD histogram is in the positive zone, its volume are decreasing, indicating the influence of the sellers.
Support levels: 0.7290, 0.7243, 0.7183.
Resistance levels: 0.7323, 0.7375, 0.7403.

Trading tips
Sell positions can be opened below the level of 0.7290 with the target in the area of 0.7243 and a stop loss at 0.7305. Breakdown of the 0.7243 level will open the way for the pair to the level of 0.7183.
The formation of the upward movement will be obvious after the price consolidates above the level of 0.7323. In this case, buy position can be opened with the targets at 0.7375, 0.7403 and stop loss at 0.7295.

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