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  • #61
    Technical Overview of USD/JPY, EUR/USD and GBP/USD Currency Pairs

    USD JPY
    cbu44-a73m8.jpg
    The USD traded lower against the JPY and closed at 111.761.

    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, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.

    Previous Day range was 3000 and Current Day Range is 1890.


    EUR USD
    cbyhz-7nzmn.jpg
    The EUR traded higher against the USD and closed at 1.1306.

    ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.

    Cut in deposit rates may have a negative effect on EUR quotes.

    Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.

    GDP allows evaluating the rate of the economic growth and living standard of the population.
    The growth of the indicator value can have a positive effect on euro quotes.

    The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.

    EUR USD previous Day range was 36.7 and Current Day Range is 12.6.


    GBP USD
    cbyls-1ddhg.jpg
    The GBP traded little higher against USD and closed at 1.3168.

    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.

    According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.

    GBP USD previous day range was 56.1 and current day range is 16.6.

    Comment


    • #62
      Technical Overview of USD/CHF, NZD/USD and AUD/USD Currency Pairs

      USD CHF
      cb1qr-u06vn.jpg
      The USD traded lower against the CHF and closed at 1.0113.

      According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.

      Previous Day range was 88.6 and Current Day Range is 14.1.

      NZD USD
      cb8eu-r6hfb.jpg
      The NZD traded higher against the USD and closed at 0.6751.

      The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.

      NZD USD previous Day range was 46.9 and Current Day Range is 23.7.

      AUD USD
      cb8lb-mthcv.jpg
      The AUD traded little lower against USD and closed at 0.7015.

      According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.

      AUD USD previous day range was 46.5 and current day range is 22.2.

      Comment


      • #63
        Technical Overview of EUR/USD, NZD/USD and USD/JPY Currency Pairs

        EUR USD
        cboe0-n08lr.jpg
        The EUR traded lower against the USD and closed at 1.1234.

        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 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.

        Previous Day range was 60.2 and Current Day Range is 14.

        NZD USD
        cbtmz-f5nls.jpg


        The NZD traded lower against the USD and closed at 0.6804.

        Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

        The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

        The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.

        NZD USD previous Day range was 62.4 and Current Day Range is 19.8.

        USD JPY
        cbeu3-xqbjp.jpg
        The USD traded little lower against JPY and closed at 111.168.

        According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.
        USD JPY previous day range was 8510 and current day range is 2750.

        Comment


        • #64
          Technical Overview of GBP/USD, AUD/USD and USD/CHF Currency Pairs

          GBP USD
          cbte1-bauxw.jpg
          The GBP traded higher against the USD and closed at 1.3149.
          • GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
          • The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.

          The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

          Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly also Thursday. There's no exact time for the vote but it will be after the debates, which usually end evening time in the UK. That puts a vote somewhere after 18/19 GMT or 2pm/3pm NY time. It could be even later but it shouldn't be earlier than 18 GMT. This week's vote will determine 3 things -
          1. Will the UK accept the EU's withdrawal agreement
          2. Will the UK rule out leaving with no deal
          3. Will Article 50 be extended?
          According to the Analysis, The pair is expected to find support at 1.30160, and a fall through could take it to the next support level of 1.28829. The pair is expected to find its first resistance at 1.32251, and a rise through could take it to the next resistance level of 1.33011.

          Previous Day range was 209.1 and Current Day Range is 139.3.

          AUD USD
          cbkb1-atqb3.jpg
          The AUD traded higher against the USD and closed at 0.7068.

          FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

          The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.

          The pair is expected to find support at 0.70375, and a fall through could take it to the next support level of 0.70069. The pair is expected to find its first resistance at 0.70876, and a rise through could take it to the next resistance level of 0.71071.
          AUD USD previous Day range was 50.1 and Current Day Range is 22.8.

          USD CHF
          cbtjs-lad4k.jpg
          The USD traded little higher against CHF and closed at 1.0105.

          According to the analysis, pair is expected to find support at 1.00768, and a fall through could take it to the next support level of 1.00483. The pair is expected to find its first resistance at 1.01266, and a rise through could take it to the next resistance level of 1.01479.

          USD CHF previous day range was 49.8 and current day range is 14.

          Comment


          • #65
            Technical Overview of GBP/USD, EUR/USD and USD/CAD Currency Pairs

            GBP USD
            cbxhr-9jz1w.jpg
            The GBP traded higher against the USD and closed at 1.3068.

            Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around.

            Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.

            The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.

            The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.

            According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.

            Previous Day range was 280.6 and Current Day Range is 30.6.

            EUR USD
            cbcmr-761aa.jpg
            The EUR traded lower against the USD and closed at 1.1287.

            The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.

            The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.

            EUR USD previous Day range was 60.3 and Current Day Range is 6.8.

            USD CAD
            cbc6p-t6oe4.jpg
            The USD traded little higher against CAD and closed at 1.3353.

            Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.

            The index allows forecasting future production volumes in the short term.
            The value growth can have a positive effect on dollar quotes.
            According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.

            USD CAD previous day range was 65 and current day range is 21.1.
            Visit Us:- https://xtreamforex.com/academy/tech...urrency-pairs/

            Comment


            • #66
              Technical Overview of USD/JPY, AUD/USD and USD/CHF Currency Pairs

              USD JPY

              The USD traded higher against the JPY and closed at 111.137.

              BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

              Interest rate growth can have a positive impact on yen quotes.

              According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.941, and a fall through could take it to the next support level of 110.746. The pair is expected to find its first resistance at 111.396, and a rise through could take it to the next resistance level of 111.656.

              Previous Day range was 4550 and Current Day Range is 4850.

              AUD USD

              The AUD traded lower against the USD and closed at 0.7093.

              The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

              The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

              The pair is expected to find support at 0.70621, and a fall through could take it to the next support level of 0.70310. The pair is expected to find its first resistance at 0.71110, and a rise through could take it to the next resistance level of 0.71288.

              AUD USD previous Day range was 48.9 and Current Day Range is 35.1.


              USD CHF

              The USD traded little higher against CHF and closed at 1.0036.

              According to the analysis, pair is expected to find support at 1.00136, and a fall through could take it to the next support level of 0.99908. The pair is expected to find its first resistance at 1.00719, and a rise through could take it to the next resistance level of 1.01074.

              USD CHF previous day range was 58.3 and current day range is 15.4.

              Comment


              • #67
                Technical Overview of GBP/USD, NZD/USD and USD/JPY Currency Pairs

                GBP USD

                The GBP traded higher against the USD and closed at 1.3239.

                The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

                According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.

                Previous Day range was 128.7 and Current Day Range is 49.9.

                NZD USD

                The NZD traded higher against the USD and closed at 0.6817.

                BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.

                The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.

                NZD USD previous Day range was 56.7 and Current Day Range is 30.3.


                USD JPY

                The USD traded little lower against JPY and closed at 111.693.

                BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.

                Interest rate growth can have a positive impact on yen quotes.

                According to the analysis, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.
                USD JPY previous day range was 6970 and current day range is 4020.

                Comment


                • #68
                  Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pairs

                  EUR USD

                  cbvfi-yjc20.jpg


                  The EUR traded higher against the USD and closed at 1.1324.

                  According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12993, and a fall through could take it to the next support level of 1.12750. The pair is expected to find its first resistance at 1.13460, and a rise through could take it to the next resistance level of 1.13684.

                  Previous Day range was 46.7 and Current Day Range is 18.8.

                  USD CAD

                  cb0qp-64mn2.jpg

                  The USD traded lower against the CAD and closed at 1.3341.

                  The pair is expected to find support at 1.32963, and a fall through could take it to the next support level of 1.32517. The pair is expected to find its first resistance at 1.33782, and a rise through could take it to the next resistance level of 1.34155.

                  USD CAD previous Day range was 81.9 and Current Day Range is 30.2.


                  AUD USD

                  cbjvi-4cw6w.jpg


                  The AUD traded higher against USD and closed at 0.7085.

                  According to the analysis, pair is expected to find support at 0.70652, and a fall through could take it to the next support level of 0.70456. The pair is expected to find its first resistance at 0.71007, and a rise through could take it to the next resistance level of 0.71166.

                  AUD USD previous day range was 35.5 and current day range is 36.8.

                  Comment


                  • #69
                    Technical Overview of AUD/USD, USD/JPY and GBP/USD Currency Pairs

                    AUD USD

                    The AUD traded higher against the USD and closed at 0.7102.

                    The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.

                    Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

                    According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70803, and a fall through could take it to the next support level of 0.70583. The pair is expected to find its first resistance at 0.71218, and a rise through could take it to the next resistance level of 0.71413.

                    Previous Day range was 41.5 and Current Day Range is 21.6.

                    USD JPY

                    The USD traded lower against the JPY and closed at 111.425.

                    The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility.

                    Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

                    The pair is expected to find support at 111.274, and a fall through could take it to the next support level of 111.123. The pair is expected to find its first resistance at 111.601, and a rise through could take it to the next resistance level of 111.777.

                    USD JPY previous Day range was 3270 and Current Day Range is 2850.


                    GBP USD

                    The GBP traded higher against USD and closed at 1.3252.

                    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

                    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

                    According to the analysis, pair is expected to find support at 1.31909, and a fall through could take it to the next support level of 1.31299. The pair is expected to find its first resistance at 1.33056, and a rise through could take it to the next resistance level of 1.33593.

                    GBP USD previous day range was 114.7 and current day range is 37.3.
                    Visit Us:- https://xtreamforex.com/academy/tech...urrency-pairs/
                    Attached Files

                    Comment


                    • #70
                      Technical Overview of EUR/USD, USD/CHF and NZD/USD Currency Pairs

                      EUR USD
                      cb9tp-gxvio.jpg
                      The EUR traded lower against the USD and closed at 1.1351.

                      This report, released by Federal Reserve, includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

                      According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.13357, and a fall through could take it to the next support level of 1.13202. The pair is expected to find its first resistance at 1.13639, and a rise through could take it to the next resistance level of 1.13766.

                      Previous Day range was 28.2 and Current Day Range is 13.9.

                      USD CHF
                      cbc8f-tiwey.jpg
                      The USD traded higher against the CHF and closed at 0.9991.

                      Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

                      The pair is expected to find support at 0.99791, and a fall through could take it to the next support level of 0.99668. The pair is expected to find its first resistance at 1.00092, and a rise through could take it to the next resistance level of 1.00270.

                      USD CHF previous Day range was 30.1 and Current Day Range is 13.8.


                      NZD USD
                      cbjs5-gb4w7.jpg
                      The NZD traded lower against USD and closed at 0.6853.

                      The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.

                      According to the analysis, pair is expected to find support at 0.68389, and a fall through could take it to the next support level of 0.68245. The pair is expected to find its first resistance at 0.68694, and a rise through could take it to the next resistance level of 0.68855.

                      NZD USD previous day range was 30.5 and current day range is 28.
                      Attached Files

                      Comment


                      • #71
                        Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

                        USD CAD
                        cb35q-pz1st.jpg
                        The USD traded higher against the CAD and closed at 1.3363.

                        Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.

                        The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.

                        Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.

                        The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.

                        According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.32922, and a fall through could take it to the next support level of 1.32216. The pair is expected to find its first resistance at 1.34165, and a rise through could take it to the next resistance level of 1.34702.

                        Previous Day range was 124.3 and Current Day Range is 23.9.

                        GBP USD
                        cbg5b-1ff7b.jpg
                        The GBP traded higher against the USD and closed at 1.3103.

                        Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.

                        The report is used to evaluate the US real estate market.

                        The indicator growth can have a positive effect on US dollar quotes.

                        The pair is expected to find support at 1.29957, and a fall through could take it to the next support level of 1.28887. The pair is expected to find its first resistance at 1.32175, and a rise through could take it to the next resistance level of 1.33323.

                        GBP USD previous Day range was 221.8 and Current Day Range is 42.9.


                        USD JPY
                        cb3sl-6q6bq.jpg
                        The USD traded lower against JPY and closed at 110.808.

                        Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.

                        The report is used to evaluate the US real estate market.
                        The indicator growth can have a positive effect on US dollar quotes.

                        According to the analysis, pair is expected to find support at 110.419, and a fall through could take it to the next support level of 110.031. The pair is expected to find its first resistance at 111.074, and a rise through could take it to the next resistance level of 111.314.

                        USD JPY previous day range was 6550 and current day range is 2390.

                        Comment

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