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  • XtreamForex Daily Market Analysis

    XtreamForex daily technical analysis

  • #2
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Shows On Bulls to at the level by 1.2275 to Resistance Confluence

    The EUR/USD is the mark to the 0.15% to the intraday gain that currently around at the level by 1.2275 to keeping the previous days to the momentum inside the ascending trend channel to the formation to the Wednesday Asian Session.

    Moreover, the currency major has printed the three-day winning streak to the strong RSI and the Bullish MACD in which it will turn highlights to the strength to the resistance channel to the monthly high.

    It should, notwithstanding, be noticed that the pair's capacity to cross 1.2275 will invigorate the multi-month high glimmered prior while peering toward the April 2018 pinnacle encompassing 1.2415. During the potential gain, the 1.2300 edges can offer a moderate end while the March 2018 high of 1.2476 can challenge EUR/USD purchasers thereafter.

    Then, the past opposition line, presently upholds, at 1.2230, confines the pair's pullback pushes forward of the channel uphold close to 1.2210.

    In the event that at all the EUR/USD traders hide in around at the level 1.2210, the 1.2200 adds a channel to the disadvantage focusing on the mid-month low around 1.2130/25.


    GBP/USD Pair Extends to the 21 days SMA to Bounce off to Resistance Line

    The GBP/USD pair picks the bids near to the level by 1.3535 to the 0.27% intraday in this Wednesday’s to the Asian Session. To stretch the cable and U-turn to the 21 days SMA to the buyers to falling to the trend line.

    To seems the RSI conditions to the trading above the 21 days SMA to the upward sloping trend to the bulls that will set the level by the monthly peak to the surrounding level by 1.3620.

    Should authentic purchasers keep the reins past-1.3620, March 2018 low around 1.3710 will be the key?

    On the other side, the 1.3500 edges can offer prompt help in front of the 21-day SMA, as of now around 1.3430. However, GBP/USD bears are less inclined to intercede except if seeing a day by day close beneath the multi-day-old helpline, at 1.3255 at this point.

    Get more information visit https://xtreamforex.com

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    • #3
      Technical Analysis on EUR USD or USD CAD

      EUR/USD Pair Goes to the Bids to Top Around Level At 1.2300

      The EUR/USD pair will poke at the 32 months high as compare to the previous day that would take round at the level by 0.12% intraday during this early Thursday. The pair will be jumped to the multi-month high after clearing the December top.

      The EUR/USD buyers are successfully trading above at the level by 10-SMA and go upward to the sloping trend line to the MACD to the flirts bulls. At present, the upside momentum seems to ascend the trendline at the level by 1.2370 now to the round figure .2400.

      In actuality, a disadvantage break of the early-month high close to 1.2270 can re-test the 10-day EMA level of 1.2230. However, trendlines extended from early November and December 09, individually around 1.2215 and 1.2200, will test the statement's further shortcoming.

      For a situation where the EUR/USD bears retake control below at the level 1.2200, the 1.2000 and the early November high close to 1.1920 will pick up the market's consideration.


      USD/CAD Pair Ignore the Falling Wedge on 1D


      The USD/CAD seems around the mid at the level by 1.2700 the recent downside to the momentum during the Thursday trading session. The pair dropped below the level by 10-day SMA to the previous day.

      All things considered, two skips off 1.2688, the multi-month low blazed before about fourteen days, are on the USD/CAD dealers' radar right now. However, any further drawback will be tested by the lower line of the expressed example close to the level of 1.2590.

      Then, potential gain freedom of 10-day SMA, at 1.2827 presently, will eye to affirm the expressed bullish example with a break over the 1.2870 obstruction line.

      In spite of the fact that a fruitful move past-1.2870 hypothetically demonstrates a slow run-up past 1.3500, 50-day SMA close to 1.2970, the 1.3000 thresholds, and numerous tops underneath 1.3400 can challenge the bulls during the ascent.

      Get more information visit https://xtreamforex.com

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      • #4
        Technical Analysis on EUR USD or GBP USD

        EUR/USD Pair Traded Near to the Psychological at Level 1.23

        The EUR/USD pair is traded at the level by the psychological level at 1.23 according to the press time that was failed to the foothold that will seem above at the level by fourth straight trading day on this Tuesday.

        If we see the repeated rejection above at the level by 1.23 that indicates the uptrend exhaustion to validate the 14-day Relative Strength Index Bearish Divergence.

        The Quick progress seems above at the level by 1.23 to the uptrend going on the other hand the downside level seems at the violation support at the level by 1.2215 to the temporary bear reversal that will shift to the risk sub at the level 1.21.


        GBP/USD Pair Seems at Bulls Eye With two Week Old Previous Support to level 1.3600

        The GBP/USD pair picks up near the level of 1.3628 during this Wednesday according to the Asian Session. In Addition, the successful trading seems beyond the 50 HMA bullish to the MACD and the GBP/USD to the Past 100 HMA to the upside of the pair.

        Be that as it may, potential gain moves past-1.3645 will have an uneven street as the month to month top close to 1.3705 and March 2018 low around 1.3710 stands tall to test the GBP/USD strength. On the other side, 50-HMA and 100-HMA, separately around 1.3615 and 1.3550, limit the transient drawback of the GBP/USD costs. Should GBP/USD bears rule past-1.3550, there are various backings around 1.3530-20 in front of featuring the sub-1.3500 zone.

        Get more information visit https://xtreamforex.com

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        • #5
          Dollar down amid financial market variations

          The Dollar stabilized on Tuesday as COVID-19 cases are increasing rapidly, and uncertainty on the stimulus bill fabricates the confusion among investors. Moreover, traders were also carefully looking forward to the Federal Reserve’s review later in the week.

          GBP/USD volatility is lowest since March seen at 7.465%, hits a low of 7.225% on Jan 22, according to data source Reuters.

          Prime Minister Boris Johnson mentioned on Friday about the new variant of COVID-19 that might increase the death rate. Meanwhile, the U.K. Government has extended the lockdown closing all the public areas and prohibiting social gatherings till July 17.

          The Euro is hovered and failed to break resistance around $1.2190, swiped by edge nightly to $1.2142.

          The Japanese Yen likewise maintain the balance at 103.76 per dollar, however, the riskier currencies AUD and NZD remain calm by the verge.

          The U.S. is due to release multiple economic data throughout the week which includes fourth-quarter GDP. The economic recovery of the nation has slow down which could be mentioned in the data. The fight against the surging cases of coronavirus makes the economy more miserable.


          Get more information visit https://xtreamforex.com


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          • #6
            The Dollar Rises as Stocks Collapse Distressed Investors

            The Dollar was up on Thursday morning in Asia with the U.S. Shares fell hard on the previous session. Investors are moving towards the safe-harbor asset as more worried about extra valuation residue.

            The USD/JPY edged up 0.17% to 104.27,

            The dollar was at $1.2102 against the euro.

            The sterling declined to $1.3675, GBP/USD pair inched down 0.03%

            The AUD/USD pair edged down 0.16% to 0.7650

            The NZD/USD pair slightly down 0.9% to 0.751

            The first policy meeting of the US federal reserve enclosed that its bond purchase program and benchmark interest rate will remain the same that brings the dovish message by accepting recent moderation in the economic activity and calling for higher inflation. Mentioned by BK Asset Management’s Kathy Lien.

            The Fed Chairman Mr. Jerome Powell said they are far from meeting the Inflation and employment goals.


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            • #7
              The Conflict between Hedge Funds and Retails Investors wretched Dollar

              • The Dollar sovereignty is at stake.
              • Wall Street battle on Hedge Funds and Retails Investor continues.
              • Republicans on negotiations with democrats over the Stimulus package.
              The Dollar was edged down on Monday morning in Asia with investors are taking caution because of the ongoing war between hedge funds and retails investors.

              The burning issue of the U.S. Stimulus package is still on. The continuous discussion between Democrats and Republican about the price tag is being considered by both parties, where Republican lawmakers are persuading for $600 billion rather than $1.9 trillion proposed by Joe Biden

              The U.S. Dollar Index was slightly down 0.1% to 90.523.
              The USD/JPY hovered at 104.69.
              The NZD/USD pair was slightly up 0.15%.
              The USD/CNY was slightly high from 0.56% to 6.4610.
              The GBP/USD pair was up 0.27% to 1.3735.

              The AUD/USD pair inched up 0.11% to 0.7651. Regardless of the weak economic date from China, the Australian dollar changes the position of loss against the U.S. currency. The Reserve bank of Australia is also due to release its policy decision on Tuesday.

              Investors are being calculative over the selloff because last year it was 7% and hope for a more favorable percentage this time. There are multiple reasons behind the selloff, an expectation of a Global recovery from Coronavirus, a substantial stimulus bill, and commitments to ultra-easy monetary policy.

              Vaccination rollout is moving at a slower pace, not as per the expectation. Resultantly, Investors are moving to safer assets like U.S. currency.


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              • #8
                Euro Overnight Selloff benefits Dollar notwithstanding U.S. Currency still Topple

                The Dollar was down on Tuesday morning in Asia however, hanging at the seven-week highs. The Dollar gets an advantage from an overnight euro selloff.

                The Euro Declined to two-and-a-half lows overnight because of the weak German retail sales figures. The rising no of COVID-19 cases in the continent distressed the European nations with the troubled vaccine rollout program.

                The U.S. Dollar Index edged down 0.15% to 90.890 against a basket of other currencies.

                The USD/JPY pair slightly up 0.03% to 104.94.

                The AUD/USD pair was slightly up 0.09% to 0.7625. The Reserve Bank of Australia does not change and remains at 0.10% as per the expectation.

                The NZD/USD was up 0.27%.

                The USD/CNY pair edged down 0.10% to 6.4063.

                The GBP/USD pair was up 0.21% to 1.3689.
                The British pound holding up the pace because of the improved COVID 19 vaccination facility in the hope of the economic well-being of the nation.
                The united kingdom beats other nations, including Europe and U.S. Vaccinated over 9 million people from COVID 19 cases.

                For more information visit: XtreamforexNews

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                • #9
                  Dollar Elevated in the Hope COVID-19 Recovery, Euro Agonize Growth Disparity

                  The Dollar was moderately high on Wednesday morning in Asia, trading almost a two-month high against the Euro as traders are worried because of the ongoing circumstances of Europe’s pandemic recovery.

                  The Gross Domestic Product in the 19 countries sharing euro declined by 0.7% quarter-on-quarter in the final quarter of 2020. Also, 5.1% year-on-year Mentioned on the official released GDP data of the eurozone.

                  Joe Biden’s government spares no efforts through their new policy, therefore provided vaccination to the masses in a good number. Meanwhile, in Europe only, U.K completed the estimated rate of anti dots, however, other European nations are still struggling to outpace the vaccine rollout.

                  The U.S. Dollar Index was slightly up 0.2% to 91.043 against the basket of other currencies.
                  The USD/JPY pair was slightly up 0.4% to 105.02.
                  The AUD/USD inched up 0.11% to 0.7614.
                  The NZD/USD was up 0.38% to 0.7218.
                  The USD/CNY was slightly up 0.7% to 6.4594.
                  The GBP/USD inched up 0.2% to 1.3668.

                  For more information visit: XtreamforexNews

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                  • #10
                    The Dollar up, BOE dominates over British Pound

                    • The Dollar is alive and kicking against major currencies.
                    • The BOE policy is closely monitored by the investors for future trade.
                    • A hefty fiscal measure seems to have a positive impact on the United States economy.
                    The U.S. currency is overpowering Euro and Yen on Thursday as traders are being negative in regards to the U.S. economic outlook seems to be disappeared before the release of crucial data on the job market.

                    The Traders are optimistic about the dollar because of the steady coronavirus vaccination rollout. The U.S. President Joe Biden’s additional Fiscal measure, moreover better economic data forced investors to give up a thought on currency depreciation. Another prominent data is ready to release on Friday that is, non-farm Payrolls. Undoubtedly, that would impact the dollar position and would certainly help in understanding states’ economic growth at the end of the last year.

                    The Sterling traded almost an eight-month high against Euro, traded 88.19 pence versus the euro. Meanwhile, remain consistent against the dollar.
                    GBP/USD hovered near 1.3600. Bank Of England leaves its policy unchanged and is expected to maintain the interest rates the same as for now at its meeting on Thursday with the Negative Interest rate might be abandoned by Governor Baily, Investors are keen to know about the situation.

                    The USD stood up at 105.04 against Yen.

                    The USD was high at $1.2035 against the Euro.

                    The Dollar Index was high at 91.066 against the basket of other currencies.

                    The AUD slightly up to $0.7646. Furthermore, the updated economic forecast of the Reserve Bank of Australia will be released on Friday that could have a major impact on the rising Australian dollar and NZD rose to $0.7125.

                    For more information visit: XtreamforexNews

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                    • #11
                      The Dollar Outshines With the best Weekly Gain

                      In the hope of economic recovery, investors are showing confidence in U.S. currency. Resultantly, the Dollar leads to the highest gain in three months on Friday.

                      The US Dollar Index inched down 0.5% to 91.507.

                      The Positive employment figures cast a major impact on the Index that closed to a two-month high reached during the previous session.

                      The USD/JPY pair slightly down 0.3% to 105.50.

                      The AUD/USD inched down 0.5% to 0.7595.

                      The NZD/USD pair is slightly up 0.03% to 0.7155.

                      The USD/CNY pair is edged down 0.4% to 6.4691.

                      The GBP/USD is slightly up 0.11% to 1.3685. The Bank of England maintains the February interest rate at 0.10%.

                      For more information visit: XtreamforexNews

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                      • #12
                        All About the Forex Bonus by XtreamForex

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                        So how does the Forex deposit work? As this is a deposit bonus, a dealer needs to put aside a Forex installment using a record director, after they have acknowledged the terms and conditions and have effectively applied. Generally, when the record has been kept, it might require a couple of hours (or days, in some excellent cases) to get the reward for you.

                        When the bonus is there, a broker may begin opening and shutting positions with the means to exchange the necessary volume, to guarantee the reward as their property. When a merchant has finished the necessary volume, the reward cash can be moved from the agent to the dealer. After this, an individual can do anything they desire with these assets.

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                        • #13
                          The Uncertainty on U.S. Recovery languished Dollar

                          The Dollar declined on Tuesday morning in Asia to the lowest level in a week as investors are suspicious about the faster coronavirus pandemic recovery.

                          The U.S. Dollar Index inched down 0.8% to 90.868 against a basket of other currencies after the disappointing U.S. Jobs data on Friday.

                          The USD/JPY pair slightly down 0.8% to 105.14. The U.S. Currency hovered against the yen.
                          The AUD/USD pair edged high 0.21% to 0.7716.

                          The NZD/USD was up 0.18% to 0.7231.

                          The USD/CNY pair slightly up 0.14% to 6.4536.

                          The GBP/USD pair edged up 0.11% to 1.354.

                          Investors dragged the dollar high in the hope of a faster COVID-19 vaccine rollout as compare to other nations.
                          However, according to a fraction of analysts, hefty fiscal measures, with ongoing ultra-easy Federal Reserve monetary policy could abide dollar down in future.

                          For more information visit: XtreamforexNews

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                          • #14
                            The Dollar Elevated With Inflation remaining As a Concern

                            The Dollar was high on Thursday morning in Asia. However, remain hovered almost two-week lows. Investors generated hopes on small returns from the U.S. Currency, After the release of weak U.S. Inflation data, and The Fed Chairman Jerome Powell’s assurance to keep interest rate low would continue.

                            The U.S. Dollar Index slightly up 0.1% to 9.415 against a basket of other currencies. After the release of U.S. Inflation data, the index relinquished to a two-week low of 90.249.

                            The USD/JPY pair slightly up 0.3% to 104.60.

                            The AUD/USD pair inched up 0.3% to 0.7723.
                            The NZD/USD pair slightly inched down 0.6% to 0.7209. News from the New Zealand gaining the interest of investors as COVID-19 is almost in control. However cascading housing prices have shoved inflation above expectation.

                            The USD/CNY inched up 0.37% to 6.4582.
                            Markets are closed in China and Japan for Holidays. U.S. Inflation Data released on Wednesday showed that the core consumer price index was unchanged month-on-month versus the assumed 0.2% growth and the 0.1% growth in December.

                            The GBP/USD pair was slightly up 0.5% to 1.383. Nears 34-Month ahead of Brexit talk.

                            Fed Chairman Jerome Powell acknowledged the unemployment rate of the United States which is still high in his speech on Wednesday.

                            For more information visit: XtreamforexNews

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                            • #15
                              Dollar Enfeeble, Pound on Course with the Hope of Economic Recovery

                              GBP/USD has reached a new 34-month high above 1.39 as the United kingdom triumph 15 million people with COVID vaccines with the investor hoping for more stimulus package will be passing by President Joe Biden following the trial of Formal President Trump End.

                              The rapid vaccination rollout which leads to a fall in infections had made investors hope full over the country’s economy will be stronger than expected once reopen.
                              As per the U.K Health Secretary, Matt Hancock said that Prime Minister Boris Johnson will check about the lockdown situation in England and how frequently the nation could exit. However, the death cases and hospital admission are still too high.

                              Moreover, The Dollar down on Monday, as investors are turning around from the safe-haven. Although, the volume is less due to the holiday season in Asia closed for Lunar New Year, and the United States is excited for President Day.

                              The Dollar Index was down 0.2% at 90.335 against a basket of other currencies.

                              EUR/USD slightly up 0.2% to 1.2137.

                              AUD/USD climbed 0.3% to 0.7779.

                              CNY reached the highest level 6.4009 versus per dollar.

                              USD/JPY inched up 0.2% at 105.12. Regardless of the 12% hike in annualized gross domestic product yen is still agonizing.

                              Japan is expected to start a vaccination rollout from this week, notwithstanding the economy of Japan is being hindered because of the increment on COVID 19 Cases this quarter, the robust at the end of the last year could remit the situation.

                              Bitcoin declined around 5.6% to $45,914 in Asian trading hours on Sunday. On the other hand, Ethereum slipped more than 8%.

                              For more information visit our website: Xtreamforexnews

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