Malaysia Number 1 Board


Advertise With Us Now


Sponsored By
InstaForex

Go Back   Malaysia Number 1 Board > Wealth Management > Forex Discussion > Forex Analysis Review

Forex Analysis Review Feed for Forex Analysis Review


Reply
 
Thread Tools Display Modes
  #781  
Old 06-21-2017, 06:18 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

NZD/USD Technical Analysis: June 21, 2017
It’s been a volatile session for the New Zealand currency on Tuesday amid the rally happened, touching the region 0.7270.
The market has to keep on searching for some noise in the market while buyers apparently came back which shows that the grind to the upside will resume in the near future. The market is starting to tighten up and should anticipate for an impulsive trend. This market appears to be very difficult to deal with in the short-term, however, you could perform a different move which is to sell.
After some time, the Kiwi reflects for an impulsive trend which could be difficult to settle funds within the marketplace which contains high risk. Upon getting an important trend, it would be much easy to identify what move should the players will follow.
The range bound market must be maintained as the level below 0.72 offers the bottom and 0.73 above. A slice over the top area would drive the market to an upwards directions and near 0.75 which is the target in the longer-term
A gapped underneath 0.72 handle cause the market to trailed downwards reaching 0.70 mark. Otherwise, the market will just go with the low to the extent that the risk tolerance globally is far concerned, specifically the commodity markets.
Having said that, we should watch closely the general tone of overseas traders along with the very important announcement of New Zealand regarding interest rate statement. In case the result will be hawkish, the market has the tendency to climb upwards.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #782  
Old 06-22-2017, 05:12 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

AUD/USD Technical Analysis: June 22, 2017
The Australian currency weakens amid Wednesday’s trading, touching the level below 0.7550 eyeing a significant amount of support. A rebound from that point occurred, however, met a massive amount of resistance piercing the region 0.757. Then rolled over to reach the mentioned level. The area below 0.7550 seems to be a supportive level in general, hovering around that region will enable the Aussie dollar to gain much strength.
On the other hand, the news about possible interest hike of Fed Reserve continues causing the market to have high volatility.
In the long-term, gold has greatly influenced the commodity currency as it resumes to search for buyers.
A break out in the upside would test the 0.7625 mark and a cut through on top of it will aim for the next target at 0.77 range, en route 0.7750.
It will take some time to reach the higher point of 0.0 level which is considered the main region for the longer-term charts. With that, a massive amount of volatility is expected and yet the choppiness still surrounds the market but in a positive way.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #783  
Old 06-22-2017, 05:31 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

GBP/USD Technical Analysis: June 22, 2017
The GBPUSD is trading sideways throughout Wednesday’s session, however, eyes a significant support at the 1.26 region and reports said that a word from one of the BoE members thought that the rates of interest will increase exceeding the projected figures.
With this, it is preferred for the market to keep on moving near the upside, but when a breakdown occurred beneath the 1.26 handle, the market will eventually enter the 1.25 region.
Otherwise, the appearance of an impulsive candle would mean that it is okay to go near the top of 1.28 mark which is a range broken to the upside. This is the exact thing that 1.2975 handle needs.
The market may experience some volatility due to news releases that affect the British currency, particularly those headlines from London and Brussels that might cause havoc. Considering this situation, it would be complicated to put on a lot of funds in a single shot hence it is suggested to trade slowly even when things goes along within your favor.
On one side, there is a tendency to maintain a position on the sidelines because the sterling pound is expected to be one of the most volatile currency in the world of Forex trading for the next month since concerns about Brexit talks are still ongoing.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #784  
Old 06-22-2017, 05:40 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

EUR/USD Technical Analysis: June 22, 2017
The EURUSD was almost steady during the trading session on Wednesday as it trades in a narrow range while prices continued to generate a topping formation. The U.S. Existing Home Sales came in stronger than anticipated results which helped the greens to climb higher.
The Fed Reserve is in a hawkish mood while the President of Fed in Chicago, Charles Evans aided the dollar to bolster.
Moreover, the pair had declined in the trend line support, however, rebounded from the intra-day lows and stayed around the resistance region which was the previous support that lied close the ascending slope found at the level 1.1200.
The target for support can be found at 1.0853 region which is near the May lows. The topping candlestick pattern formed by price appeared to be a little version of head and shoulder reversal pattern.
The momentum still sits in the negative territory while the moving average convergence divergence (MACD) histogram that prints in the red along the downward sloping direction which further leads to a lower exchange rate.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #785  
Old 06-22-2017, 05:57 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

NZD/USD Technical Analysis: June 22, 2017
High volatility resides in trading the New Zealand dollar during the Wednesday session as it declined in the beginning but rebounded later on enough to recover losses. However, it will decline again once retested. There will be choppiness in the market and traders should expect a lot of noise in the trend going in either direction. The 0.72 level remains to be supportive and it won’t take long before buyers return in the again.
Buying this pair is not bad although expect there will be lesser returns in the current situation compare to other pairs in the market. Traders could try other markets that offer more opportunities although the long-term impulsiveness indication should not be forgotten which is essential to gain more profit.
The commodity market will have an impact on the New Zealand dollar for the long-term course and traders next target will be 0.73 level and higher. A break in the said level could send the price higher towards the 0.75 handle.
In general, a breakdown lower than the 0.72 level would be a negative sign that could further bring the price down towards the 0.70 region. Given some time, an impulsive candle can be formed on the daily chart which will be a significant move as it gives hint in gaining profit in this pair. Traders might have a difficult time in trading this pair for now, but when the trend shifts and the impulsive candle forms, the next move will most likely be spontaneous.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #786  
Old 06-22-2017, 06:03 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

USD/CAD Technical Analysis: June 22, 2017
There is an upside bias in the USD/CAD pair for the day. It broke higher than the 1.33 level while the market moves towards the upper channel pushed by the downward pressure in the crude oil market. It seems that the crude oil market will have a difficult time due to the different events that still show negative outlook.
Overall, the downtrend will persist as the shale oil are shed out at large amounts in the market. The market will continue to reach towards the 1.34 handle then towards the 1.35 level above. The U.S. dollar has been in the uptrend for a long time and it will most likely sustain its strong stance not only because of the appreciation in value but also because of the interest rate outlook of the Federal Reserve aside from the crude oil market.
The long-term chart was also seen to reach lower levels which is positive indication despite the choppiness in the market, the trend will remain in an upward direction. It may not be best to short this pair until the marker is able to break lower than the 1.32 level which could take longer to happen in a short-term.
Overall, the volatility in the market is mainly due to the strengthening of the U.S. economy and not solely because of the crude oil market. However, traders should be cautious of the current market condition as the uptrend will persist for some time but it would be smart also to act bullish at the same time. It is advisable to bet on more trades as the trend continues to go up and clear every handle as the market continues to move forward.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #787  
Old 06-22-2017, 06:10 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

USD/JPY Technical Analysis: June 22, 2017
During the Wednesday session, the USD/JPY pair dropped although it attained the 111.75 region since there is sufficient buying pressure from traders. Currently, the market is trying to bring the price down amid high volatility the being uncertainty in the market. Eventually, it is anticipated to reach the 112 level or up to 112.50 level later on.
The interest rate differential will still favor the U.S. dollar since the Federal Reserve will most likely implement its rate hike prior to the Bank of Japan. Hence, this will put the pair in a bullish tone although it might need to pull back until there is enough value to gain from going long in this pair. In the meantime, the 111 level below continues to supportive.
In long-term, there is a high chance for the pair to be directed upward and reach the 115 region in the next few months. There is a massive floor seen at 110 level below and in times of pullbacks, it will be more appealing for buyers to jump in the market.
A selloff is highly probable to happen for the Japanese yen when the stock market surges which will also influence the pair and other yen related pairs to move higher. Also, the U.S. dollars will benefit from the U.S. stock market as it performs a notch better than others and the current interest rate outlook of Fed in the next years to come.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #788  
Old 06-23-2017, 07:02 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

AUD/USD Technical Analysis: June 23, 2017
The Australian dollar pair had a choppy trading session on Thursday as it lingers around the 0.7550 region. In general, there will be volatility in the market for short-term that makes it more difficult to put in money. If the pair breaks higher than the 0.7560 level, the market will proceed to move up towards the 0.76 mark.
A massive support is found underneath and there will be more buyers found if given enough time. It might be best to wait for a sudden turnaround of the gold market to change the current sentiment and turn into a bullish pressure to reverse the current trend.
If the pair breaks lower than the 0.75 level, the market could further decline possibly towards the 0.73 region. Expect buyers to dominate the market with a choppy downward nature of the trend.
The latest GDP of Australia has surpassed expectations as it came in stronger which affects the mindset of traders. As a buyer, a formation of the impulsive candle is needed to turn bullishness into an advantage. Hence, it is wise to wait on the sidelines and see what the market dictates before buying the pair.
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #789  
Old 06-23-2017, 07:06 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

EUR/GBP Technical Analysis: June 23, 2017
The Euro against the British pound moved sideways as the 0.88 handle remains supportive. The market is trying to gather enough momentum to climb higher but it won’t be a simple thing.
There are several headlines that would affect this pair to move to and fro especially the Brexit negotiations. Overall the market is sensitive to sudden changes that are why traders should be cautious in placing orders. Nevertheless, it seems that the uptrend will persist to move forward that can be taken as an opportunity to pose bigger positions for the long-term in trading.
The major events will determine the next move although there is still a large gap that hasn’t been filled below. Although, aggressive pullbacks are highly probable to happen while the gap would imply a heavy buying pressure below the channel.
It is advisable to trade in smaller positions and add on as a trader moves forward because of choppiness in the market. Augment as one gain profits but there are also risks on hand when an unexpected turnaround against the trades.
Hence, trade in small quantities or make use of other options are the ideal course of action in trading this pair since there will be a lot of noise and volatility in the market amid Brexit negotiations
__________________
Luis ForexMart, Official Representative
Reply With Quote
  #790  
Old 06-23-2017, 07:07 PM
Luis ForexMart's Avatar
Luis ForexMart Luis ForexMart is offline
Senior Member
 

Join Date: May 2016
Posts: 886
Default

USD/CAD Technical Analysis: June 23, 2017
A significant drop was seen during the day trading session of U.S. dollar against the Canadian dollar. The market failed attempt to gap higher than the 1.33 handle. Its current reaction to the market is rational with the loonies being highly sensitive to the oil market. It seems that the volatility in the market will be sustained. However, the 1.32 level is beginning to be supportive. Hence, traders could enter the market and target the 1.33 handle up to 1.34 level.
Traders should take heed of the oil market when they begin to roll over once again which is plausible since the U.S. dollar surges but would have a negative impact on the Canadian dollar.
The uptrend for long-term that traders should look out for despite its breakdown a few levels, it is still not advisable to sell this pair. However, the 1.35 level could be attained as their next target after some time, up to 1.4 level and above.
There will be noise present in the market because of high volatility to shake the market. Trading in small positions and gradually increase over time for every handle reached in a certain direction is the best way to deal with this pair. Overall, there is a positive outlook in the long-term amid all the circumstances in the oil market. The current long-term move will most likely press on.
__________________
Luis ForexMart, Official Representative
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT +8. The time now is 06:33 PM.




Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.