Daily Technical Analysis By XtreamForex

#1
EUR/USD

The EUR rose 0.24% against the USD and closed at 1.1240.

The pair is expected to find support at 1.1214, and a fall through could take it to the next support level of 1.1183.

The pair is expected to find its first resistance at 1.1275, and a rise through could take it to the next resistance level of 1.1305.

GBP/USD

The GBP rose 0.43% against the USD and closed at 1.3249

The pair is expected to find support at 1.3167, and a fall through could take it to the next support level of 1.3081.

The pair is expected to find its first resistance at 1.3309, and a rise through could take it to the next resistance level of 1.3365.

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#2
EUR/USD - Daily Market News

The EUR rose marginally against the USD and closed at 1.1243,

The pair is expected to find support at 1.1208, and a fall through could take it to the next support level of 1.1180.
The pair is expected to find its first resistance at 1.1274, and a rise through could take it to the next resistance level of 1.1312.

GBP/USD - Daily Market News

The GBP declined slightly against the USD and closed at 1.3243,
BoE hinted that another rate cut could be introduced later this year.

The pair is expected to find support at 1.3184, and a fall through could take it to the next support level of 1.3137.
The pair is expected to find its first resistance at 1.3271, and a rise through could take it to the next resistance level of 1.3311.


USD/JPY – Daily Market News

The USD declined 0.59% against the JPY and closed at 101.85.

The pair is expected to find support at 101.60, and a fall through could take it to the next support level of 101.15.
The pair is expected to find its first resistance at 102.62, and a rise through could take it to the next resistance level of 103.19.
 
#4
GBP/USD
Today GBP declined -0.32% against the USD during Asian session and market was closed at 1.2978 on Friday.

Last week the UK’s gross domestic product (GDP) rose by 0.7% on a quarterly basis in 2Q 2016, which was more than expectations.

UK’s 1 Markit Manufacturing PMI data will be released in few hours today. Investors will keep close eye on this important economic data.

Daily Technical analysis shows the pair finds the immediate support is placed at 1.29303 below which 1.28896 and 1.28033 could be tested. On the other side the immediate resistance 1.30166. A break beyond the last, doors will open for a test of 1.30622 and from there to 1.31485.

EUR/USD
The EUR declined -0.09% against the USD today during asian session. EUR/USD market wasclosed at 1.1240 on Friday.

The Euro-zone’s preliminary consumer price index (CPI) rose by 0.4% in septembe,2016.

Today Investors will keep eye on Euro Markit manufacturing PMI and USA ISM Manufacturing PMI data.

Daily Technical analysis shows the pair finds the immediate support is placed at 1.1174 below which 1.1114 and 1.1017 could be tested. On the other side the immediate resistance 1.1271 . A break beyond the last, doors will open for a test of 1.1309.

In few hours two crucial data will be released..

  1. CHF Real Retail Sales (YoY)
  2. EURO – Zone’s Markit Manufacturing PMI
  3. USA ISM Manufacturing PMI
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#5
Daily Technical analysis By XtreamForex

EUR/USD

Technical Overview:
Prev. Close 1.1211
Open 1.1211
Day’s Range 1.1205 - 1.1216
52 wk Range 1.0538 - 1.1616
1-Year Return - 0.04%

Support and Resistance:
Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.

Technical Indication: Strong Sell


GBP/USD
Technical Overview:
Prev. Close 1.2836
Open 1.2836
Day’s Range 1.2829 - 1.286
52 wk Range 1.2796 - 1.5513
1-Year Return - 15.4%

Support and Resistance:
Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.

Technical Indication: Strong Sell

USD/JPY
Technical Overview:
Prev. Close 101.64
Open 101.64
Day’s Range 101.58 - 102.21
52 wk Range 99.08 - 123.69
1-Year Return - 14.91%

Support and Resistance:
Daily Camarilla Technical analysis shows USD/JPY pair may finds the immediate support at 101.59 below which 101.55 and 101.50 could be tested. On the other side the immediate resistance 101.69. A break beyond the last, doors will open for a test of 101.73 and from there to 101.78.

Technical Indication: Strong Buy

USD/CAD
Technical Overview:
Prev. Close 1.3120
Open 1.3120
Day’s Range 1.3111 - 1.3133
52 wk Range 1.2458 - 1.4692
1-Year Return - 0.23%

Support and Resistance:
Daily Camarilla Technical analysis shows USD/CAD pair may finds the immediate support at 1.3112 below which 1.3104 and 1.3097 could be tested. On the other side the immediate resistance 1.3126. A break beyond the last, doors will open for a test of 1.3134 and from there to 1.3141.

Technical Indication: Strong Buy
 
#6
USD/JPY

Technical Overview:

Prev. Close 104.73
Open 104.46
Day’s Range 104.44 - 104.94
52 wk Range 99.08 - 123.69
1-Year Return - 13.13%


Support and Resistance:

Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 104.56 below which 104.54 and 104.51 could be tested. On the other side the immediate resistance 104.60. A break beyond the last, doors will open for a test of 104.62 and from there to 104.65.

Upcoming Economic News:

1. USD - Core PCE Price Index m/m at 03.30 PM

2. USD - Personal Spending m/m at 03.30 PM

3. USD - Personal Income m/m at 03.30 PM

4. USD - Chicago PMI at 04.45 PM



USD/CAD

Technical Overview:

Prev. Close 1.3397
Open 1.3424
Day’s Range 1.3401 - 1.3424
52 wk Range 1.2458 - 1.4692
1-Year Return +2.58%


Support and Resistance:

Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3404 below which 1.3401 and 1.3399 could be tested. On the other side the immediate resistance 1.3408. A break beyond the last, doors will open for a test of 1.3411 and from there to 1.3413.

Upcoming Economic News:

1. CAD - RMPI m/m at 03.30 PM

2. CAD - IPPI m/m at 03.30 PM


 
#7
EUR/USD
Technical Analysis Overview:
Prev. Close 1.0980
Open 1.0980
Day’s Range 1.0962 - 1.0981
52 wk Range 1.0538 - 1.1616
1-Year Return - 0.34%

Support and Resistance:
Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0976 below which 1.0970 and 1.0965 could be tested. On the other side the immediate resistance 1.0987 and may go for further test 1.0992. A break beyond the last, doors will open for a test of 1.0998

Upcoming Important Economic News: (GMT +3)
1. CHF - Retail Sales y/y at 11.15 AM
2. CHF - Manufacturing PMI at 11.15 PM


GBP/USD
Technical Overview:
Prev. Close 1.2239
Open 1.2239
Day’s Range 1.2212 - 1.2245
52 wk Range 1.1450 - 1.5498
1-Year Return - 20.80%


Support and Resistance:

Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2234 below which 1.2224 and 1.2214 could be tested. On the other side the immediate resistance 1.2254. A break beyond the last, doors will open for a test of 1.2264 and from there to 1.2274.

Upcoming Important Economic News:
1. GBP - Manufacturing PMI at 12.30 PM


USD/JPY
Technical Overview:
Prev. Close 104.83
Open 104.83
Day’s Range 104.67 - 104.97
52 wk Range 99.08 - 123.69
1-Year Return - 13.13%

Support and Resistance:
Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 104.73 below which 104.64 and 104.55 could be tested. On the other side the immediate resistance 104.91. A break beyond the last, doors will open for a test of 105.00 and from there to 105.09.

Upcoming Important Economic News:
1. USD - Final Manufacturing PMI at 04.45 PM
2. USD - ISM Manufacturing PMI at 04.45 PM


USD/CAD
Technical Overview:
Prev. Close 1.3409
Open 1.3409
Day’s Range 1.3403 - 1.3426
52 wk Range 1.2458 - 1.4692
1-Year Return +2.62%

Support and Resistance:
Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3404 below which 1.3399 and 1.3394 could be tested. On the other side the immediate resistance 1.3416. A break beyond the last, doors will open for a test of 1.3421 and from there to 1.3426.

Upcoming Economic News:
1. CAD - GDP m/m at 03.30 PM
2. CAD - BOC Gov Poloz Speaks at 07.00 PM
3. CAD - RBC Manufacturing PMI
 
#8
EUR USD Daily Technical Analysis Overview:
Time Frame
: Daily Candle

Prev. Close 1.1040
Open 1.1040
Day’s Range 1.1030 - 1.1050
52 wk Range 1.0538 - 1.1616
1-Year Return + 2.88%

Support and Resistance:
S1: 1.2384
S2: 1.2370
S3: 1.2357

R1: 1.2412
R2: 1.2426
R3: 1.2439

 
#9
Daily Forex Market News 10/11/2016

EUR USD Market News

Today forex technical market news shows EUR market decreased -0.99% against the USD yesterday. EUR USD market closed at 1.0910. Today market will range 1.0909 – 1.0953.
Today the EUR / USD started at 1.0910 in Asia, down from yesterday close. The EUR USD is trading now at 1.0945, which is 0.30% up from today’s opening price.
EUR/USD retreated 0.83% to 1.0935, off a two-month peak of 1.1300 hit overnight.
The dollar initially plunged after Trump was declared the 45th U.S. President, confounding expectations for a Democratic victory.
Trump received a call from his opponent Hillary Clinton to concede the presidency, after he clinched victories in the key battleground states of Florida, North Carolina and Ohio.
Following the market news, European Central Bank Governing Council member Ewald Nowotny said the ECB is ready to intervene in markets in an emergency.

Read More Forex News :https://www.xtreamforex.com
 
#10
NZD USD Forecast for the Week 28th November, 2016
The NZD traded against USD in a narrow rage and trying to recover from 0.70. The RBNZ sticks out in the first week of the last month. Here is an NZD USD forecast for the week of 28th November and undated technical analysis.
The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short.
There are 4 major economic events will come this week for NZD USD pair.
1. RBNZ Financial Stability Report
2. ANZ Business Confidence
3. Graeme Wheeler talks
4. Overseas Trade Index

NZD USD Forecast: Technical Overview
Previous week close: 0.7044
Current Week Open: 0.7053
Today’s Market Range: 0.7034 – 0.7090
52 wk Range: 0.6346 – 0.7487
1-Year Return: 8%

Weekly Support and Resistance Forecast
S 1: 0.7032
S 2: 0.7021
S 3: 0.7010

R 1: 0.7054
R 2: 0.7065
R 3: 0.7076

Read More : https://www.xtreamforex.com
 
#11
GBP/USD Forecast for January 5, 2017 By XtreamForex

Technical Forecast Overview


Yesterday Closed 1.2321

Today Open 1.2321

Day’s Range 1.2317 - 1.2349

52 wk Range 1.1450 - 1.5020

1-Year Return - 15.85%


GBP/USD Technical Support and Resistance


Possible trading range for today 1.2317 - 1.2349


GBP/USD forecast : GBPUSD pair possibly will find the immediate support at 1.2245. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2212 and 1.2159.


On the other side the market has immediate resistance at 1.2351. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2384 and 1.2437.


GBP/USD Fundamental Analysis

The GBPUSD made brisk progress yesterday and today morning as the dollar strength underwent a correction after the release of the FOMC minutes. The markets had been subdued for most of the day yesterday but the action has picked up ever since the release of the FOMC minutes during the middle of the NY session yesterday and this action has seen the correction of the dollar almost all across the board.


We have the services PMI from the UK and the ADP Employment data, Non-Manufacturing PMI and Unemployment Claims from the US today. All these data will be keenly watched by the market as a lead up to the important NFP report tomorrow and the rest of the week could set the tone for the markets for the entire month. Strong data from the US over the next couple of days could see the return of the dollar strength, which could then extend to rest of the month.


GBP/USD Important Economic Events: (GMT +2)

  1. 11:30am GBP Services PMI
  2. 3:15pm USD ADP Non-Farm Employment Change
  3. 3:30pm USD Unemployment Claims
  4. 4:45pm USD Final Services PMI
  5. 5:00pm USD ISM Non-Manufacturing PMI
  6. 5:30pm USD Natural Gas Storage
 
#12
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#14
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#17
EUR USD Forecast for January 19, 2017
EUR USD Technical Overview
Yesterday Closed 1.0630
Today Open 1.0630
Day’s Range 1.0622 – 1.0642
52 wk Range 1.0339 – 1.1616
1-Year Return – 2.6%

EUR USD Technical Support and Resistance
EUR USD Forecast: EUR USD pair possibly will find the immediate support at 1.0622. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0600 and 1.0565.
On the other side, the market has immediate resistance 1.0692. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0714 and 1.0749.
 
#18
EUR/USD Forecast | Daily Technical Forecast for January 20, 2017

EUR/USD Technical Support and Resistance

EUR/USD pair possibly will find the immediate support at 1.0609. If, market breaks the first support then it will go for the following support to test.

Following supports are 1.0587 and 1.0553.

On the other side the market has immediate resistance 1.0677. If, market breaks the primary resistance level then,

market will go for the new resistance level 1.0699 and 1.0733.

Looking ahead to today, we do not have any major news from the eurozone or the US region and as said above,

we can expect some more consolidation at the highs in this pair for today.

Read more: https://www.xtreamforex.com/Education/eurusd-forecast-for-january-20-2017/

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#19
GBP/USD Forecast | Daily Technical Forecast for January 20, 2017

GBP/USD Technical Support and Resistance

GBP/USD pair possibly will find the immediate support at 1.2276. If, market breaks the first support then it will go for the following support to test.

Following supports are 1.2255 and 1.2958

On the other side the market has immediate resistance 1.2348. If, market breaks the primary resistance level then,

market will go for the new resistance level 1.2369 and 1.2405.Looking ahead to today,

we have the retail sales data from the UK which will be released during the London session and we believe that the data would continue the trend of strong data coming out of the UK in recent months. If this does happen, we could see the pair challenging 1.2400 again.

Read more: https://www.xtreamforex.com/Education/gbpusd-forecast-for-january-20-2017/

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#20
USD/CAD Forecast | Daily Technical Forecast for January 20, 2017

USD/CAD Technical Support and Resistance


USD/CAD pair possibly will find the immediate support at 1.3268. If, market breaks the first support then it will go for the following support to test.
Followingsupports are 1.3244 and 1.3204.
On the other side the market has immediate resistance 1.3348. If, market breaks the primary resistance level then, market will go for the new resistance level 1.3372
and 1.3412.Looking ahead to today, we have the retail sales and CPI data from Canada that will be released towards the NY session and any sort of weakness in any of these data should confirm the weakness in the Canadian economy that the BOC seems to fear and we could then see the pair pushing above 1.3400 and towards 1.3500.

Read more: https://www.xtreamforex.com/Education/usdcad-forecast-for-january-20-2017/

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