Oct 09 05:16 GMT


Forex Expos

Forex Daily Technical Reports

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing any type of analytical method, technical or otherwise, is to stick to the basics, which are methodologies with a proven track record over a long period. After finding a trading system that works for you, the more esoteric fields of study can then be incorporated into your trading toolbox.

Daily Technical Analysis Print E-mail
Daily Forex Technicals | Written by FX Instructor | Oct 09 15 03:43 GMT
The EURUSD had another indecisive and disappointing movement yesterday. The Greenback was lower against most currencies after the FOMC meeting but we didn’t see significant breakout. Potential daily range today remains between 1.1130 – 1.1300. We need a clear break from that range area to see clearer direction. I am starting to like a bullish scenario but wait for a clear break above 1.1300 to activate my bullish mode testing 1.1400 – 1.1450 or higher next week. My major technical outlook remains neutral
Market Morning Briefing Print E-mail
Daily Forex Technicals | Written by Kshitij Consultancy Services | Oct 09 15 03:36 GMT
Currencies are mixed. Euro and Yen remains ranged while Aussie and Rupee looks strong. Pound has risen but may face immediate resistance above current levels. Euro (1.1278) and Dollar-Yen (119.92) continue to consolidate in the 1.11-1.13 and 121-119 region respectively. No clarity on further movement unless the range breaks on either side.
GBPUSD - On The Upbeat, Maintains Above The 1.5336 Region Print E-mail
Daily Forex Technicals | Written by FXTechstrategy | Oct 09 15 03:35 GMT
GBPUSD - GBP took back its intra day losses to close higher on Thursday leaving risk of more strength on the cards. On the upside, resistance resides at the 1.5400 level. Further out, resistance resides at the 1.5450 level followed by the 1.5500 level. Its daily RSI is bullish and pointing higher suggesting further strength. Its daily RSI is bullish and pointing higher suggesting further upside. Conversely, support comes in at the 1.5300 level with a break of here turning attention to the 1.5250 level. Further down, support lies at the 1.5200 level. Below here will set the stage for more weakness towards the 1.5150 level. On the whole, GBP faces the risk of further upside on correction
The Daily Forecaster: GBPUSD Print E-mail
Daily Forex Technicals | Written by FX-Forecaster | Oct 09 15 02:21 GMT
Although price broke above 1.5350-56 the 1.5372 projection was met - less 1 point... From where we have seen a drop to 1.5261 that I felt was in 5-waves. Thus, as long as 1.5371 caps we will have a double top that should see losses back below 1.5261 and down to the 1.5140-50 area (at least) being the double top target... Below is the 1.5136 and 1.5106 low.
GBPJPY - Turns Lower Ahead Of Key Resistance At 184.42, Weakens Print E-mail
Daily Forex Technicals | Written by FXTechstrategy | Oct 09 15 02:18 GMT
GBPJPY - The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level remains unbroken. On the downside, support comes in at the 182.50 level where a violation will aim at the 182.00 level. A break below here will target the 181.00 level followed by the 180.00 level. Its daily RSI is turning lower supporting this view. Conversely, resistance is seen at the 184.00 level followed by the 185.00 level. A cut through will set the stage for a move further higher towards the 186.00 level where a break will aim at the 187.00 level. A cut through here will aim at the 188.00 level. All in all, the cross remains biased to the downside nearer term on pullback.
Gold Ready To Shine? Print E-mail
Daily Forex Technicals | Written by | Oct 09 15 02:13 GMT
Due to the complexity of understanding its physical demand and supply aspects, let alone obtaining credible data on the metal, most speculative market participants are continuing to use the dollar as a gauge for the direction of gold's short-term price outlook. On that front, the greenback managed to regain some lost ground this morning most notably against the British pound after a dovish Bank of England's policy statement and on the back of a sharp drop in US jobless claims. As a result, gold turned lower. However, the metal recovered its poise during the second half of the European session and was trading flat at the time of this writing. There was a corresponding fall in the value of the dollar as commodity currencies, the euro and even the pound found some support.
GBP/CAD: Sterling Pounded by a Dovish BoE Print E-mail
Daily Forex Technicals | Written by | Oct 08 15 12:58 GMT
The pound has relinquished its earlier sharp gains and turned lower across the board. The Bank of England's somewhat downbeat assessment of the UK economy and its outlook on inflation has caused the market to think that a rate hike is not even in the radar for most of the Monetary Policy Committee (MPC) members, except Ian McCafferty of course. The BoE also sounded worried about the impact of the stronger pound on inflation as it mentioned sterling in its policy statement 17 times, no less. Also unnerving bullish traders was the amount of time China was mentioned in the statement, suggesting the Bank is watching the developments in the world's second largest economy closely. The overall dovish tone from the BoE points to further weakness for the pound in the days and weeks to come.
EURUSD Trying To Make Another Rally BUT Watch For POCs Print E-mail
Daily Forex Technicals | Written by Admiral Markets | Oct 08 15 11:13 GMT
After being bought from 1.1180 as expected, EURUSD is trying to make another swing to the upside particularly on H4 timeframe. Today early in the morning we have witnessed a sudden EURUSD bounce which was faded. The move could be a possible attempt to stop grab stops which are definitely placed in the 1.1300-30 zone. The fade which happened afterwards suggest that there might be another possibility for a rally if the price doesn't close below 1.1255
Today's Market Outlook Print E-mail
Daily Forex Technicals | Written by Windsor Brokers Ltd | Oct 08 15 09:29 GMT
The Euro turned near-term focus higher on yesterday's rally from 1.1170 low, where dips found support and left hourly higher base, guarding more significant 1.1155 support, 200SMA / bull-trendline, drawn off 1.1103, 23 Sep low. Fresh rally penetrated daily Ichimoku cloud at 1.1260, but gains were again capped by bear-trendline, off 1.1712 peak, keeping intact key barrier at 1.1335, daily cloud top. This signals that the pair remains directionless in the near-term and is expected to trade in prolonged range, between 200SMA and daily Ichimoku cloud top. Neutral setup of daily studies, supports the notion. Firm break of either side of the range, is required to signal fresh direction.
EUR/USD In Limbo Around 1.1250 Print E-mail
Daily Forex Technicals | Written by Dukascopy Swiss FX Group | Oct 08 15 09:16 GMT
The outlook for the EUR/USD currency pair remains unclear for the time being as neither bulls nor bears are still able to overtake leadership of the market. Yesterday the cross remained capped by the 50% Fibonacci retracement of the Jan-Mar 2015 downtrend at 1.1280. On the other hand, demand is being created by monthly and weekly pivot points at 1.1241/20, as well as the 20-day SMA between them. While daily technical studies are giving mixed signals, we are also going to take a neutral approach with respect to EUR/USD's nearest future.
GBP/USD Muted, Awaits Interest Rate Decisions Print E-mail
Daily Forex Technicals | Written by Dukascopy Swiss FX Group | Oct 08 15 09:14 GMT
The Cable prolonged its rally for another day on Wednesday, reaching the target resistance cluster around 1.53. The Sterling opened trade today in between the mentioned cluster's levels, with more of those supporting the pair. Even though the pair should extend its rally, risks of returning back to 1.52 persist, due to fundamental market movers. Technical studies also provide no insight on the GBP/USD's movement today, although the weekly signals remain bearish. In case of a sharp USD selloff, the Pound could retake 1.54 level and even reach the 100-day SMA near 1.55.
USD/JPY Anchored Around 120, Fed Rate Hike In Sight Print E-mail
Daily Forex Technicals | Written by Dukascopy Swiss FX Group | Oct 08 15 09:13 GMT
The USD/JPY dropped to the support cluster at 119.80 yesterday, which caused the pair to retreat back above the 120.00 major level. Nevertheless, the Buck is likely to fall even deeper today, amid rising concerns of the Fed's rate hike delay. A dovish tone might push the Greenback all the way down to the 118.50 mark, as that area kept the US Dollar from edging lower for more than seven months. Contrariwise, any reassurance of a 2015 rate hike should boost the Buck, helping it elevate to 121.00.
Gold Trades Range Bound Above 100-Day SMA Print E-mail
Daily Forex Technicals | Written by Dukascopy Swiss FX Group | Oct 08 15 09:11 GMT
On Tuesday and Wednesday the bullion repeated development seen on Friday and Monday, respectively. Following a strong advance two days ago, gold remained broadly unchanged in the past 24 hours. It seems that narrow trading boundaries are being built by the monthly R1 at 1,147 and 100-day SMA, currently at 1,142. A failure at the latter level would expose a strong demand zone at 1,130/32. From the other side of the coin, only a spike above 1,155 (Aug 24 high/weekly R1) can affirm any of bullish intentions among market participants.
Forex Technical Analysis Print E-mail
Daily Forex Technicals | Written by DeltaStock Inc. | Oct 08 15 07:11 GMT
EUR/USD Nothing interesting here, as the pair is still caught in the tight consolidation range below 1.1290. Crucial on the downside remains 1.1150.
Daily FX Report Print E-mail
Daily Forex Technicals | Written by Varengold Bank | Oct 08 15 06:45 GMT
The euro fell against most major counterparts after data showed German industrial production unexpectedly declined in August, adding to signs that weaker emerging-market demand is weighing on Europe’s largest economy. The shared currency slid versus all but two of its 16 major peers as investors weighed the potential for the European Central Bank to expand its quantitative-easing program, which tends to weaken the euro. It dropped against the yen after the Bank of Japan refrained from adding to its already unprecedented monetary stimulus. Some of the shared currency’s biggest declines came against high-yielding commodity currencies such as the New Zealand dollar, which benefited as oil reached its highest level since July. The euro touched its lowest since August against the New Zealand dollar. ECB policy makers have helped push the euro down from as high as $1.3993 in May 2014 with their 1.1 trillion euro ($1.2 trillion) asset-purchase plan to stimulate the region’s economy. The currency has been in a range of around $1.05 to $1.15 for much of this year. German industrial output, adjusted for seasonal swings and inflation, fell 1.2 percent in August after a revised increase of 1.2 percent a month earlier. The reading compared with a median estimate for a 0.2 percent gain in a Bloomberg survey of economists. South Africa’s currency advanced for a fourth day and bond yields fell to a seven-week low as commodity prices rebounded and bets of a delay in U.S. interest-rate increases boosted emerging-market assets. The rand gained as much as 1.3 percent to 13.3407 per dollar, its strongest level since Sept. 21. Emerging markets are rallying this week after disappointing U.S. jobs data on Friday prompted futures traders to almost rule out a Federal Reserve rate increase in 2015.
GBPUSD Breaks Consolidation Zone And Moves To Fib Levels Print E-mail
Daily Forex Technicals | Written by Admiral Markets | Oct 08 15 06:09 GMT
The EUR/USD stayed in between the support (green) and resistance (red) trend lines and showed an overall choppy trading day yesterday. The choppiness could be explained by a wave B correction (blue) within a larger ABC (blue).
Volatile Moves Expected Between 11am-12.30pm GMT In GBP And USD Markets – Remain Vigilant Print E-mail
Daily Forex Technicals | Written by IC Markets | Oct 08 15 04:42 GMT
So, technically, there was not much action seen on the EUR pair during trade yesterday. Offers came in around the 1.1280 mark, reaching lows of 1.1211 on the day. As such, with price still lurking around supply on both the weekly and daily timeframes (1.1532-1.1278/1.1329-1.1269) at the moment, what’s likely in store for this market today?
USDCAD - Puts In Temporary Bottom, Key Support Held Print E-mail
Daily Forex Technicals | Written by FXTechstrategy | Oct 08 15 04:19 GMT
USDCAD - USDCAD's key support located at the 1.3011 level held on Wednesday turning the pair higher on a rejection candle. This development leaves the immediate risk to the upside. On the downside, support lies at the 1.3000 level followed by the 1.2950 level. Further down, support resides at the 1.2900 level and then the 1.2850 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 1.3100 level where a break will target the 1.3150 level. Further out, resistance comes in at the 1.3200 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.3250 level. All in all, USDCAD looks to build on its Wednesday's price reversal.
Market Morning Briefing Print E-mail
Daily Forex Technicals | Written by Kshitij Consultancy Services | Oct 08 15 03:27 GMT
Aussie (0.7186) made an intra-day high of 0.7234 yesterday but came back from there. It is finding it difficult to sustain above 0.72. But unless a sustained break above 0.72-0.73 is seen, we cannot be bullish for the near term.
Daily Technical Analysis Print E-mail
Daily Forex Technicals | Written by FX Instructor | Oct 08 15 02:04 GMT
The EURUSD didn't make significant movement yesterday and still trapped inside range area. The bias is neutral in nearest term. There are no changes in my technical outlook. We need a clear break from the triangle to see clearer direction. All eyes will be on the FOMC meeting which expected to be a catalyst for a breakout. A clear break above 1.1300 could trigger further bullish pressure testing 1.1400 – 1.1450 region. On the other hand, a clear break below 1.1130 could trigger further bearish pressure testing 1.1000 and the lower line of the bullish channel. My major technical outlook remains neutral.
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 752

Latest in Technical Analysis

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Analysis Reports

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Forex Brokers © 2015 All rights reserved.