Free Forex Signals for 11.19.2015

The USD is lower across the board against other G7 currencies and emerging-world currencies.

The AUD outperformed against the USD, although off from intra-day highs. AUDUSD recorded a 15-day high at 0.7176.

The EURUSD fell to new 7-month lows of 1.0617 in Wednesday trade, as the FOMC minutes didn’t really clear up whether or not December rate lift off will occur.

 

EURUSD, Daily

EURUSD lifted to a three day high of 1.0717 in the wake of the U.S. Fed FOMC minutes; the EUR though is still a bearish market, and with the inevitable interest differential widening becoming more apparent, the USD will continue to grind higher against the EUR over time until we see a shift in the ECB policy. Draghi’s previous comments on lower core inflation will further add pressure for the EUR. Technically, the EURUSD may correct higher towards 1.0820′s ahead of a further drive lower for a retest of the April lows at 1.0520.

 

 

AUDUSD, Daily

A rebound from lows in commodities has supported the AUD. Technically, the recent bullish momentum on the AUDUSD pair should continue since stochastic analysis indicates continued upward momentum and current price has broken to the upside of the downward slopping trend-line. A solid close above today’s trend-line break should enable buyers to make further commitments to drive price towards the 0.7260-0.7290 areas before the continuation of its longer term downtrend for a 0.7062 target.

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 11.17.2015

The AUD trades largely higher against other major pairs, after the RBA left its cash rate steady at 2.0%, meeting expectations. The RBA Monetary Meeting Minutes also maintained the shift to less-negative language about the Australian dollar (first seen in August) remarking that the currency was “adjusting to the significant declines in key commodity prices” versus the previous guidance that “further depreciation seems both likely and necessary”, particularly given the significant declines in key commodity prices.

The EURUSD trades at a multi month low of 1.0643, as the USD makes fresh advances, with some safe-haven flows into the USD seen against the EUR in particular, following the terror attacks in Paris. The USD also trades higher versus NZD, the CHF and the CAD, as the Fed has indicated in recent weeks that it’s inclined to begin liftoff next month.

The USDJPY is holding onto recent gains , with the focus now on the BoJ, whose Thursdays Policy meeting outcome will be more uncertain following the GDP data report yesterday, putting Japan back into a technically recession.

The USDCAD is stronger following much weaker Canadian manufacturing data, weak energy prices are also against the CAD, as WTI crude flirted with the $40/bbl mark, and commodities generally weakened on the back of a broadly firmer dollar.

 

EURUSD, Daily

The contrasting policy stances of the ECB and Fed should maintain the EURUSD pair downward bias. The recent recovery attempts were short-lived, reversing from near the 1.0810’s raises the fears of a further decline toward the 1.0600 (round number) before a retest of the April lows at 1.0520.

GBPJPY, Daily (updated)

The GBPJPY has been trending higher and looks to continue the choppy recovery from the 180.60′s lows in the direction of 188 and 189.60-189.90′s further out. The current trending price move is also supported by the fact that the BoE has been hinting at a potential rate hike for some time, while the BoJ left policy unchanged, but the door remains open for QE, especially if growth falters.

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 11.13.2015

AUDUSD outperformed on a solid employment report out of Australia yesterday. While the credibility of the data has been called into question by at least some economists, few doubt that the validity of the underlying trend. The employment report showed a rise of 58.6k, nearly triple the median forecast, while the unemployment rate fell to 5.9% from 6.2%. The details of the report were encouraging, including labour participation, aggregate hours worked and back revisions. This report together with some longer term technical factors has caused the 5-day return in AUD to beat most of the counterparts. More on technical in the following pages.

AUDUSD, Daily

While AUDUSD is still inside a weekly long term bearish regression channel (drawn from June 2014 high to the August 2015 low) the price action is suggesting that the bears are getting weaker. There is already one weekly higher low in place which was followed by a higher high. These are signs of the selling pressure turning into a more balance supply and demand dynamic. In March this year I said in the HotForex Global Trends report that divergence between the Fed and RBA rates policies is still rather clear and should pressure the pair towards the 0.7269 support. I also expected the AUDUSD to bottom out in the range between 0.64 and 0.72. The pair indeed dived further and has now reached the levels anticipated in my report. The August low is inside this range and therefore the recent price action is not that surprising.

The daily chart suggests the pair has the line of least resistance below the current price but the 0.7067 support isn’t that far. There is pivotal resistance at 0.7136 while the upper end of the short term regression channel coincides with it. The 50 day moving average above the current market price adds to the technical factors providing resistance. I makes sense to look for sell signals around a resistance but the less negative weekly picture and strong recent employment figures together with the fact that US Dollar index is near an important resistance are risk factors for a short trade from the current levels. I’m looking for sell signals between 0.7194 and 0.7222.

EURAUD, Daily

EUR has found some support against the dollar over the last few days. This however, hasn’t stopped its slide against the AUD and the EURAUD pair is once again moving lower after brief rally yesterday. In the longer term picture the current trading levels coincide with a major support visible in the weekly picture. The 1.5105 level used to resist price advances in December 2015 and July 2015. Yesterday’s trading found a low at a 30 week SMA and caused the market to rally and create a bullish pin bar. This move however hasn’t had any follow through. I expect the market to move towards the 1.4987 low today while an intraday support at 1.5071 could slow it down. The nearest resistance area is between 1.5168 and 1.5303 while the next support after yesterday’s low is at 1.4877.

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 11.10.2015

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:

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 11.06.2015

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.