X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Daily Technical Analysis

    Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs

    AUD USD

    The AUD traded lower against the USD and closed at 0.7061.

    The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

    A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

    According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

    Previous Day range was 50.9 and Current Day Range is 33.5.


    USD CAD

    The USD traded lower against the CAD and closed at 1.3301.

    JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

    The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

    USD CAD previous Day range was 56.9 and Current Day Range is 27.

    USD JPY

    The USD traded higher against JPY and closed at 110.367.

    Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

    Industrial production growth may have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

    USD JPY previous day range was 6950 and current day range is 3020.

  • #2
    Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pairs

    GBP USD

    The GBP traded higher against the USD and closed at 1.2843.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.

    Previous Day range was 113.1 and Current Day Range is 24.9.


    AUD USD

    The AUD traded higher against the USD and closed at 0.7088.

    Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

    The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.
    The indicator growth can have a negative effect on US dollar quotes.

    The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.

    AUD USD previous Day range was 50.2 and Current Day Range is 35.5.

    USD JPY

    The USD traded higher against JPY and closed at 111.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
    GDP growth can have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.

    USD JPY previous day range was 6270 and current day range is 2550.

    Comment


    • #3
      Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs

      USD CAD

      The USD traded higher against the CAD and closed at 1.3292.

      Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

      The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

      A higher than expected reading can have a positive effect on dollar quotes.

      According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.

      Previous Day range was 111.3 and Current Day Range is 23.5.


      EUR USD

      The EUR traded higher against the USD and closed at 1.1294.

      ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

      The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.

      EUR USD previous Day range was 59.2 and Current Day Range is 12.8.

      USD CHF

      The USD traded higher against CHF and closed at 1.0047.

      Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

      The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.

      A higher than expected reading can have a positive effect on dollar quotes.

      According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.

      USD CHF previous day range was 53.4 and current day range is 13.3.

      Comment


      • #4
        Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

        EUR USD

        The EUR traded lower against the USD and closed at 1.1308.

        ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.

        Index growth may have a positive impact on euro quotes.

        According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.

        Previous Day range was 44.7 and Current Day Range is 19.8.


        GBP USD

        The GBP traded lower against the USD and closed at 1.2919.

        Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.

        An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.

        The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.

        GBP USD previous Day range was 46.1 and Current Day Range is 29.6.

        USD CHF

        The USD traded higher against CHF and closed at 1.0038.

        Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
        Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

        According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104. The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.

        USD CHF previous day range was 27.3 and current day range is 17.9.

        Comment


        • #5
          Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs

          EUR USD

          The EUR traded higher against the USD and closed at 1.134.

          ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

          According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.

          Previous Day range was 81.2 and Current Day Range is 20.1.


          USD CAD

          The USD traded lower against the CAD and closed at 1.3211.

          Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.

          Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

          The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.

          USD CAD previous Day range was 75.4 and Current Day Range is 32.

          USD CHF

          The USD traded higher against CHF and closed at 1.0007

          FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country's economic and financial conditions, monetary policy and Fed interest rates.
          The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.
          The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.
          According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.

          USD CHF previous day range was 58.7 and current day range is 13.2.

          Comment

          Announcement

          Collapse
          No announcement yet.

          Unconfigured Ad Widget

          Collapse

          Unconfigured Ad Widget

          Collapse
          Plus500 offers only CFD service
          Working...
          X