ActionForex.com
Feb 28 19:16 GMT

Sponsors

Forex Expos

Forex Weekly 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.



IMM Positioning: Indicative Signs Of Speculators Turning GBP Bullish Print E-mail
Weekly Forex Technicals | Written by Danske Bank | Feb 23 15 09:58 GMT
IMM positioning data released Friday show that speculators reduced their bearish GBP bets for the fourth consecutive week, which sent non-commercial GBP positioning from the 17th to the 28th percentile in a historical perspective. We have for quite some time argued that the GBP potential is underestimated in financial markets and that the bearish positioning in itself suggests a high sensitivity to the upside when Bank of England is re-priced. Indeed, the implicit expectation for the first rate hike is currently set for March 2016, which we believe is far too dovish. Instead, we look for a hike in August this year, as 1) the unemployment rate is now close to the long-term average, 2) wage growth has started to rise, 3) the decline in inflation is temporary (i.e. base effects will remove the oil price collapse), 4) the housing market looks solid and 5) activity indicators point to continued growth of 2.5-3.0%. On a 3M horizon, however, the UK election is likely to cap the full GBP upside potential. We target EUR/GBP at 0.74 in 1M and 3M and 0.72 in 6M.
Read more...
 
USDCHF - Loses Upside Momentum, Risk Turns Lower Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 23 15 02:38 GMT
USDCHF - With USDCHF closing on a hammer candle print the past week, it faces the risk of a move lower in the new week. This development leaves the pair targeting the 0.9300 level where a break will set the stage for a move lower towards the 0.9250 level. A turn below here will open the door for more weakness to occur towards the 0.9200 level and then the 0.9150 level. On the upside, resistance resides at the 0.9450 level where a break will aim at the 0.9534 level. Further out, resistance resides at the 0.9600 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards the 0.9650 level. All in all, the pair remains broadly biased to the downside medium term though seen recovering recent weeks.
Read more...
 
EURUSD - Bear Pressure Remains Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 23 15 02:37 GMT
EURUSD - We continue to envisage a decline having EUR closed almost flat the past week. Support is seen at 1.1278 level with a cut through here opening the door for more downside towards the 1.1200 level. Further down, support lies at the 1.1150 level where a break will expose the 1.1100 level. On the upside, resistance lies at the 1.1450 level where a violation will aim at the 1.1533 level. A break of here will aim at the 1.1600 level, its psycho level with a turn below that level targeting the 1.1650 level. Further out, resistance comes in at the 1.1700 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term.
Read more...
 
USDCHF - Corrective Pullback Risk Envisaged Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 16 15 02:14 GMT
USDCHF - Despite its past week attempts on upside, it still faces corrective pullback risk. This view remains valid as long as USDCHF holds below the 0.9344 level. On the downside, support lies at the 0.9250 level with a break targeting the 0.9200 level and then the 0.9150 level. Further down, support comes in at the 0.9100 level. On the upside, resistance resides at the 0.9344 level where a break will aim at the 0.9400 level. Further out, resistance resides at the 0.9450 level. A breather may occur here and turn the pair lower but if taken out, expect a push towards the 0.9500 level. All in all, the pair remains broadly biased to the downside medium term.
Read more...
 
EURUSD - Vulnerable Below The 1.1533 Level Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 16 15 02:13 GMT
EURUSD - While EUR may have closed higher the past week, it still faces its broader downside pressure as long as it trades below the 1.1533 level. Support is seen at 1.1300 level with a cut through here opening the door for more downside towards the 1.1269 level. Further down, support lies at the 1.1200 level where a break will expose the 1.1150 level. On the upside, resistance lies at the 1.1450 level where a violation will aim at the 1.1533 level where a break will aim at the 1.1600 level, its psycho level. A turn below here will aim at the 1.1650 level. Further out, resistance comes in at the 1.1700 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term .
Read more...
 
IMM Positioning: Bearish EUR Bets Driving Aggregate USD Positioning Print E-mail
Weekly Forex Technicals | Written by Danske Bank | Feb 09 15 10:58 GMT
IMM positioning data released on Friday revealed that non-commercial EUR positioning – measured as percentage of open interest – deteriorated for the fifth consecutive week, bringing speculative positioning in the single currency below the third percentile for the first time since August 2012. The move was the primary contributor in expanding the aggregate USD bullish positions this week. Noteworthy, in light of the recent improvement in JPY sentiment, bearish EUR positions now make up by far the largest share of non-commercial USD positioning at roughly 60% (see page 2). We believe that the stretched positioning together with the technical oversold levels have been a contributing factor for the recent EUR/USD correction higher, which in light of the dramatic fall in recent months was probably overdue. In addition, the recent rise in the oil price has also given some tailwind to the EUR. Fundamentally, we still expect EUR/USD to edge gradually lower in H1 and target the cross at 1.10 in 6M.
Read more...
 
IMM Positioning: Speculators Shred JPY Shorts Print E-mail
Weekly Forex Technicals | Written by Danske Bank | Feb 02 15 10:17 GMT
IMM positioning data released Friday showed that investors reduced their bearish JPY bets for the second consecutive week. Noteworthy, both weeks of shortcovering were considerable from a historical perspective and non-commercial JPY positioning has consequently moved from the 12th to the 26th percentile. The current level is the least bearish since June 2013, which highlights the magnitude of the change in JPY sentiment seen in recent weeks. In the medium to long run we still expect a divergence in monetary policy to drive USD/JPY higher. In the short run, however, the cross is likely to be trendless, volatile and to trade to a great extent in tandem with the general risk sentiment.
Read more...
 
USDCHF - Remains On The Offensive Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 02 15 02:35 GMT
USDCHF - With a second week of strength seeing further bullishness the past week, additional bull pressure is envisaged. However, watch out for a pullback following its two-week run to the upside. On the upside, resistance resides at the 0.9250 level where a break will aim at the 0.9300 level. Further out, resistance resides at the 0.9350 level. A breather may occur here and turn the pair lower but if that level is taken out, expect a push further higher towards the 0.9400 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 0.9150 level with a break targeting the 0.9100 level and then the 0.0950 level. Further down, support is located at the 0.9000 level. All in all, the pair remains biased to the downside medium term despite its recovery.
Read more...
 
EURUSD - Targets Higher Prices On Correction Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 02 15 02:34 GMT
EURUSD - With EUR triggering a correction to close higher the past week, further bullishness is now envisaged in the new week. However, beware of recovery failure and a turn lower. Support is seen at 1.1200 level with a cut through here opening the door for more downside towards the 1.1150 level. Further down, support lies at the 1.1100 level where a break will expose the 1.1050 level. On the upside, resistance lies at the 1.1350 level where a violation will aim at the 1.1300 level where a break will aim at the 1.1400 level, its psycho level followed by the 1.1450 level. Further out, resistance comes in at the 1.1500 level. All in all, EUR remains biased to the downside in the medium term though facing a recovery higher nearer term
Read more...
 
USDCAD - Extends Bullish Offensive Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 26 15 01:08 GMT
USDCAD - With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.2350 level followed by the 1.2300 level. Further out, support resides at the 1.2250 level and then the 1.2200 level. All in all, USDCAD continues to face bullish offensive medium term
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 23

Latest in Technical Analysis

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Analysis Reports

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Forex Brokers

ActionForex.com © 2015 All rights reserved.