Free Forex Signals for 11.10.2015

The USD, over the last 5 trading sessions, has out-preformed its peers as markets adjust to expectations that the U.S. Fed will begin to introduce a gradual rate raising policy, beginning in December. The atmosphere moving forward for the markets is fast shifting from a “will there be a rate hike?” to a “how much of a rate hike is expected?” approach.

The USD traded mostly mixed on Monday. For the most part, it was a risk off session with U.S. markets selling off on Monday in what appears to be a delayed reaction to the increased odds of a December Fed rate hike. This is supported by the strong U.S. jobs report that was released on Friday.

Overnight, FX action gave little direction in currency markets, which were largely unaffected by the biggest drop on Wall Street in six weeks and mostly lower stock markets in Asia, nor by data showing a sub forecast Japanese current account surplus, and a further slowdown in Chinese inflation.

 

EURUSD, Daily

The surprise increase in the U.S. jobs report, and the fact that the E.U. continues to provide hints that they will increase QE, is supporting the ongoing trend for a shift out of the EUR and into the USD. Since price broke the 1.0810 support now turned resistance, but failed to touch the 1.0660 next relevant support level, this leaves me with the view that price may attempt to trace out a short term measured move higher to create a new lower top below 1.0870 before we see a test of the April 21 low (1.0660). The risk however, with this type of trade set-up, since momentum analysis remains firmly to the downside, is that we cannot rule out any sudden sharp declines if price fails to make any progress towards the 1.0810 area.

GBPJPY, Daily

GBPJPY has been in a recovery from 180.60′s lows through last Thursday’s recovery high at 187.68. Upside price potential looks limited in the short term to 188.00, since price remains above the valid upward slopping trend line with buyers emerging to support price after a touch of the 50 SMA. Although stochastic momentum analysis may be slowing, the macro environment does support GBP strength and a weaker JPY since for the foreseeable future the BoE and BoJ have contrasting monetary policies.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

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Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 11.06.2015

Chicago Fed’s Evans: Jobs report is good news

Chicago Fed’s Evans said the jobs report is good news,in a CNBC interview. The data help support his 2016 outlook but admitted there is still probably a little slack in the labor market. He thinks the discussion will move to the path of interest rates, which will determine the relative restrictiveness of policy. He added that what’s important, and where the real uncertainty lies, is inflation and whether the FOMC will be confident that price pressures will be moving higher toward the 2% target. He repeated that the target should be symmetric. He concurred with Yellen’s recent comments that December is a “live” meeting, though he goes into every meeting with an open mind. Evans is a voter this year and while he sure seems to be leaning in the direction of liftoff next month.

US Dollar Index, 240 min

US Dollar index (DXY) in which EURUSD has a 60% weighting rallied higher after trending higher over the last few days. With the NFP report surprising so strongly to the upside DXY moved higher in a parabolic manner to the 99.44 resistance level. This resistance was created by a pivotal resistance in April this year. This resistance coincides with a channel high in the 4h chart while the Stochastics are in the overbought territory. This suggests many of the dollar pairs are getting near support levels and the immediate downside in those pairs is getting limited and the dollar longs are taking money off the table.

EURUSD, 240 min

Just like the US Dollar index is reacting lower from a resistance EURUSD is reacting higher from a support area. The area between 1.0666 and 1.0752 is a support that attracts some euro buying due to profit taking and DXY being at resistance. The downside momentum should prevail even after rallies higher. The 1.0837 former support should attract sellers and is a level where I’m looking for shorting opportunities.

NZDUSD, 240 min

NZDUSD dropped strongly on the USD strength. The pair is down by 1.33% since yesterday’s close. The move was an overshoot from the downward sloping channel and was stopped (at least momentarily) by a 50 day SMA. The nearest support level is at 0.6448 while the 0.6585 is a level I look for shorting opportunities at.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 11.05.2015

 

• The USD holds onto Wednesday’s gains, as the market continued to partially price in a December Fed rate hike.

• EURUSD made 1.0833 lows, and now trades just below support turned resistance 1.09.

• USDJPY, touched better than two-month highs near 122.00.

• Oil prices are lower, which is keeping the USDCAD higher.

• The GBPUSD is under pressure, now at a six session low, after the BoE announcement, where the vote was 8-1 in favour of no change to policy. The pound took a hit on the BoE’ lowered growth and inflation forecasts for this year and next.

EURUSD, Daily

EURUSD, the difference in guidance from the Fed and the guidance from the ECB remains wide. The opposite policy positions from the two Central Banks is seen as a main driver for the current state of the EURUSD trade. The U.S. Fed is still seen as Hawkish (higher rates) while the ECB is viewed by the market as on the Dovish (lower rates) side.

The EURUSD dropped back to the mid 1.08s in Asian trade and remains below the 1.09 support thus far during this European session. The pair, however, does remain above its July low (1.0808). Potential trade set ups: Short sellers may remain on alert for any signs of market strength to sell into for targets 1.0810′s and 1.0660′s further out, while Longs may sit and wait for a break above 1.11 for a potential 1.1220.

 

 

GBPJPY, Daily

GBPJPY, has been in a recovery from 180.60′s lows through today’s recovery high at 187.68. Upside price potential looks limited in the short term to 188.00, however any break above 188.00 could open up further moves higher. Stochastic momentum analysis remains overextended, current price trades above the valid upward trend line, and MA analysis are mixed.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:

http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 11.03.2015

• The USD within the last 5 days’ of trading is lower across the board, in the wake of the latest US economic data that could be viewed by some market analysts that the Fed will continue to hold off again on any move on rates. However, the latest data does contradict the FOMC statement that hinted at a potential rate hike as early as December. For the time being, the market expectation looks to remain a mixed bag. The ISM manufacturing PMI in October inched down to 50.1 from 50.2 in the preceding month, the ISM headline missed the mark, and the Atlanta Fed’s GDP for Q4 fell to 1.9% from 2.5%, last forecast on Friday. The USD market will now focus on the U.S. Non-farm Payroll report due out on Friday.

• The AUD is attempting to break a recent downtrend, as the RBA held rates steady at 2.00%, matching expectations. The central bank also noted that “growth in output had continued at around the average pace of recent years” and that while global trade was “subdued” it had “picked up recently,” although China was still seen as a main risk.

• The JPY has weakened against most of the majors, news that the Japanese government will put forward a supplementary budget of at least JPY 3 tln, has weighed on the yen. Given the weakened state of the Japanese economy further QE moves are expected from the Bank at some point. For now, USDJPY remains as a buy on the pullbacks.

AUDUSD, Daily

Technically, the recent bullish momentum on the AUDUSD pair should continue since stochastic analysis, as well as moving average indicators, point to a potential close above the downward slopping trend line. Should we see a solid price close above the downward trend line, I would expect to see sellers emerging around the 0.7260-0.7290 areas before the continuation of its downtrend for a 0.7062 target.

USDJPY, Daily

The short-term trend is up as price is trading above the downward trend line (Aug – Oct), and price is above its 1 year moving average. Upside potential remains for a 121.80 target, on a break of 121.50, but losing 120.25 will point back towards 119.60.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 10.30.2015

• The CHF and CAD are rising against the USD, while the JPY is stronger against most currencies following the BoJ’s decision to keep rates steady. Today AUD and NZD were the main outperformers.

• The RBNZ held rates steady, and the strength of the NZD may well force the central bank’s hand in December.

• The EURUSD has moved back above 1.100, as the impact of the hawkish Fed statement on bond and forex markets is waning. The pair is still below the Oct-15 peak of 1.1495, but if Draghi’s dovish comments last week were designed to keep a lid on the EUR, the effect seems to be waning already. The EUR is little changed against most other currencies, but down against NZD, which has been gaining across the board after.

 

EURUSD, Daily

EURUSD looks to be correcting higher and bouncing off the 1.09 support zone. Price remains below its weekly uptrend line and the most recent tentative downward slopping trend line. For the time being, price continues to receive macro support with relatively positive economic data being reported from the Eurozone. The pair had lost over 5% since the Oct-15 peak at 1.1495; I would expect EURUSD to remain a sell on rallies mode, with the ECB having readied markets for further stimulus.

 

USDJPY, Daily

The BoJ disappointed many traders overnight, as policy was left on hold, resulting in a USDJPY sell off to 120.30 lows. The short-term trend is up as price is trading above the downward trend line (Aug – Oct), and price is above its 1 year moving average. Upside potential remains for a 121.80 target, on a break of 121.50, but losing 120.25 will point back towards 119.60.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 10.29.2015

• USDCAD rallied over 1.3220 from 1.3095 following the FOMC announcement, the commodity backdrop didn’t help the CAD either, as oil prices pulled back from $46 to $45.34 lows, and gold dropped from $1,178 to $1,162 on fears of a December Fed rate hike.

• The USD gets a boast of strength, in the wake of yesterday’s FOMC Fed statement, 1.1000 now marks a minor resistance zone.

• The AUD is broadly weaker, as the RBA is expected to refrain from cutting rates at its November policy meeting next week, according to the latest Reuters survey of economists. 17 of the 21 respondents expect a no change announcement, while the remaining four anticipate a 25 bp rate cut.

EURUSD, Daily

EUDUSD, remains below its weekly uptrend line, and is now bouncing off the July 20th low (1.0807). Intra-day, a small price rebound hit a high of 1.0976, and then turned back under 1.0960. The intra-day move higher coincided with an unexpected rise in the Eurozone economic confidence index. The EURUSD declined approximately 550 pips since mid October, after ECB’s president Mario Draghi announced expansion for QE program and Fed’s decision for no change regarding interest rates.

EURAUD, Daily

EURAUD key support at 1.56 broke to complete a short term top. The latest bounce may seek to leave a lower top near 1.56 ahead of a deeper drop towards 1.5190. Bearish moving average cross of the 10,50 SMA is spotted, price is below the tentative downward slopping trend line. Downward price momentum has turned bullish. EURAUD is expected to retest the key resistance level at 1.5600 and to continue its downtrend.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 10.28.2015

• The AUD is broadly weaker against the majors in the wake of disappointing CPI data.
• The CAD is higher even though the BoC’s Lane did not offer anything new on policy or the economy, as expected.
• The USD, EUR and GBP are mostly unchanged ahead of today’s start of the FOMC meeting.

AUDUSD, Daily

Price looks to retest .7160 before continuation of its downtrend for a 0.7062 target in the immediate short term. Price has broken down through recent lows at .7200. Targets further out could be near 0.7100 and 0.7020. However attempts to form a higher low near 0.7260 could signal a potential recovery towards the .7400′s.

USDCAD, Daily

Stochastic Oscillator analysis is starting to turn bearish. The medium term risk of a deeper retracement of the May to September 1.1922-1.3454 advance to a minimum of 1.2658-88 and possibly 1.2507-61 is possible; provided we get a solid break below the recent upward trend line. The longer-term trend does remain up. However, for the short term daily trader, I would expect any downward movement to stop near the 1.3180 – 1.3045 levels.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our Top Forex Brokers official website:http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Free Forex Signals for 10.23.2015

ECB Prepares Ground For December Easing. The ECB did what markets wanted and laid the groundwork for further easing measures in December. The question seems to be not if, but which measures the central bank can take to bring inflation back towards 2%, with the possibility of a deposit rate back on the table. Yields came down and the curve flattened from the short end, on the indication that the cut off point for negative yields under the QE program will be lowered further. The reliance of markets on ECB measures is increasing and what were initially exceptional measures becomes quickly the new normal.

EUR pairs are trending lower. Over the last five days euro has lost some ground across the board but the single currency has also been losing ground over the last month especially against the commodity currencies (AUD, CAD, NZD). In this report we will take a look at euro performance against them to reveal the concerted sell off in the currency. We will also identify the major support and resistance levels in these markets.

 

EURAUD, Daily

After the parabolic move in August EURAUD has been in a distribution phase and moved sideways. This is typical after an uptrend. Lately the pair has created lower highs and yesterday’s surprise from Mario Draghi caused the price to break below the rising trendline that has been in place since April this year. At the time of writing price is trading between a weekly pivotal high from December last year (1.5332) and August this year (1.5301) while July weekly high is just below at 1.5277. The 100 day SMA coincides with this and is currently at 1.5256. EURAUD is near major support level but the recent pivotal low from October 12^th at 1.5400 and the sideways move that followed together with the further easing promises from the ECB could keep the market in a sell the rallies mode. Keep monitoring price action at resistance levels for momentum reversal signals. Price action at resistance levels will tell us how if the sentiment will stay euro negative. The 1.4991 – 1.5154 support bracket looks like a potential reversal point and could therefore work as a short target.

 

EURCAD, Daily

Just like EUR has been losing value against the AUD the other commodity currency CAD has been favoured by the markets over the last few weeks. This happened as EURCAD started to move sideways after a strong uptrend and an exhaustion move took place at the end of August. This week the pair tried to get back inside the rising regression channel but failed. The failure was helped by the Draghi speech and price has since fallen below the October 7^th pivotal low. The June 4^th and July 10^th highs at 1.1460 and 1.4253 coincide roughly with a 100% Fibonacci extension level at 1.4195. The pair is trading just below a 1.4604 resistance which could turn it towards 1.4442 target. Eventually the 100% Fibonacci level at 1.4191 should come into play should the price advances be rejected at the resistance levels. I’ve left the Fibonacci extension levels off the chart to improve readability.

 

EURNZD, Daily

The third commodity currency NZD has strengthened 7.36% on average against all the currencies since the latter half of the September while EURNZD has lost 8.45% during the same period. EURNZD has been trending lower since it broke below 1.7500 support in September and has now moved below 100 day SMA. The pair is approaching 1.6054 level that supported price in June and is moving below the descending regression channel. In the weekly picture this same level coincides roughly with the weekly lower Bollinger Bands while a cluster of long term moving averages are within the 1.5 and 2 SD bands. All three (50 period, 100 period and 200 period) weekly averages are clustered between 1.5809 and 1.5974. The weekly Stochastics (7) are well into the oversold zone. Due to several technical factors in the proximity (weekly timeframe) the majority of the down move could be now behind us. The price is however still trending lower which suggests that there could be opportunities in the short side if we wait patiently for rallies to find their exhaustion points. Look for rally failures at resistance levels with a target at 1.6050 region.

Janne Muta

Chief Market Analyst

If you wish to get the latest forex brokers news,you can visit our TopForex Brokers official website:http://www.topforexbrokerscomparison.com

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.