Signals Articles

EURUSD edging slowly lower

Forex Analysis
EURUSD edging slowly lower

EURUSD, 240

EURUSD is in a correction phase after topping and rolling over just above 1.1300. Today the pair has been edging lower near the lower 4h Bollinger bands and has failed to rally above 23.6% Fibonacci level. The lower highs and lower lows suggest that this market is weak even though it is trading at lower Bollinger bands. Dollar index looks like it is trying to break higher which confirms the bearish short term view for EURUSD. The 30 period SMA is about to cross below the 50 period SMA while oscillators are moving sideways near oversold levels.

60

EURUSD, 60 min

Price is creating lower highs and lower lows while faster moving average (30 period) is below the slower (50 period) and point lower. However, the Stochastics oscillator indicates oversold conditions together with the price being at lower Bollinger bands.

Conclusion:

As the pair is correcting lower after hitting resistance at 1.1300 plus levels and the price is making lower highs and lower lows the indications are bearish. Industrial Production numbers are out in a few minutes and might provide some volatility that we could use to sell the market. Provided the volatility isn’t too excessive. Should the price rally inside my sell area between 1.1150 and 1.1180 and provide us with sell signals there we are looking to engage the short side with a view of covering the shorts at target areas.  Target 1: 1.1040-1.1085 and Target 2: 1.0965-1.1010.

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

USA500 Analysis for 02.15.2016, A Break above 1890 Could Restart Uptrend

Forex Analysis
USA500 update, A Break above 1890 Could Restart Uptrend

USA500 (S&P500), Daily

Recent U.S. reports defied the global financial panic, with retail sales through January that imply solid “real” spending growth. The Global fear of an economic downturn despite heavy commodity price declines and continued export price weakness is apparently not translating to weaker U.S. growth.

Technically, the S&P 500 (USA500) could reverse the recent global stock market sell-off providing we see a clean upward penetration of my 3rd fan line (see above chart). Resistance is spotted around the 1890.00 area. Additionally, a breakaway gap is spotted during the most recent trading day. My initial target zone is between the 50% – 61.8% (December high – January low retracement). My conclusion for the USA500 supports long positions above 1890 for targets within the 1948.00 – 2000.00 zone.

Feb 15 sp500 srl v5

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

EURAUD Analysis, 1.5610 1st Target Breached 1.5790 in Sight

Forex Analysis

 EURAUD Analysis, 1.5610 1st Target Breached 1.5790 in Sight

EURAUD update, 1.5610 1st Target Breached 1.5790 in Sight

EURAUD, Daily

The EURAUD pair continues to be in a recovery mode with my Febuary 3 target 1.5610 being breached today. Please see my post last (EURAUD Update) for futher details.

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

USDJPY Analysis for 02.05.2016

Forex Analysis
USDJPY, update

USDJPY, 4 Hour

The U.S. unemployment rate fell to cycle lows of 4.9%, and hourly earnings rose more than expected. This could be view as a short term positive for the USD.

USDJPY price appears to be in a corrective recovery since sharply dropping from the recent highs near 121.70’s. Stochastic Analysis on the 4 hour chart supports short term long positions with a price target near the 118.15.

Feb 5 USDJPY SRL

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

US nonfarm payrolls: 151k

Forex Analysis
US nonfarm payrolls: 151k

EURUSD, 240 min

US nonfarm payrolls rose 151k in January following a 262k December increase (revised down from 292k) and a 280k November pop (revised up from 252k). The January payroll gain falls short of the 221k average for last year. The unemployment rate dropped to 4.9% from 5.0% previously. Private payrolls were up 158k, as the goods producing sector added 40k jobs, with construction up 18k and manufacturing up 29k. Jobs in the service sector rose 118k. Average hourly earnings climbed 0.5% from unchanged previously. The workweek increased to 34.6 hours from 34.5 hours.

Jobs number that comes in by over 100K below the previous figure would be a disaster in some other month but in January it is not that alarming. The drop is related to cyclicality in the US job market after hiring for Christmas employers are laying people off in January. This however, could add to cautiousness among the Fed bankers therefore strengthen the US dollar index which has resting at support. This obviously is bearish for EURUSD and Crude Oil. EURUSD is rolling over and trading at a minor support at 1.1147 while the next support levels are at 1.1102 and 1.0968.

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

 

Crude Oil Rolling Over

Forex Analysis
Crude Oil Rolling Over

Crude Oil, 240 min

According to Bloomberg the US oil reserves are at highest levels since 1930’s. This has turned the price bearish once again with a rally to levels above $32 being rejected by the traders and the price of crude oil now rolling over. Crude is now resting at 38.2% Fibonacci level after it created a 4h shooting star. This is bearish and suggests that oil will move lower towards to Target Area 1 at $29.34 – $29.95 (Target 2 is at 27.70 – 28.30 area).

I’d like to see the price rallying higher into my sell area ($33.10 – $33.60) before initiating short trades but the drop could also happen pretty quickly if the current Fibonacci support is broken. Then obviously the drop should be traded accordingly. Those that have attended my latest Live Analysis Webinar know how to do it.

Currently the Stochastic Oscillator is pretty well in the oversold area and indicates of a possibility of price bouncing higher before it’s ready to move lower. Should the price rally into the sell area, look for sell signals as per my teachings in the webinars.

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

 

EURGBP near a sell area

Forex Analysis
EURGBP near a sell area

EURGBP, 240 min

EURGBP hit my downside target yesterday at 0.7533, right before EUR started rallying and took EURGBP higher and all the way up to the current levels. It took time for the market to move into my target 1 and therefore provided multiple opportunities to engage the short side and benefit from recommendation in the pair.

At the time of writing the pair after getting overbought both in terms of 4h Stochastics and Bollinger Bands is now reacting lower. The upper daily Bollinger bands are now near and market participants have started taking their profits off the table as Carney speaks and thus made the pair vulnerable for corrections. I look to sell rallies in the sell area with a view of buying back lower at the buy area just above 0.76. Should price action confirm the idea, the current levels could work for short entries with a view of taking a mean reversion trade to my buy area at 0.7601-0.7616. The buy area could then work as long entry area with a target near the most recent highs. As per usual, these potential trading setups are subject to price action confirming the ideas. In order to fully understand how to utilize analysis on this page it is recommended that you attend our live educational webinars.

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

EURUSD Analysis, 1.12 in Sight after Break Out of Multi Week Range

Forex Analysis
EURUSD Update, 1.12 in Sight after Break Out of Multi Week Range

EURUSD, Daily

The EURUSD finally broke out of its multi week trading range and jumped +200 pips to close above 1.1100 for the first time since August 2015. The EURUSD market has been looking for an excuse to annoy Mario Draghi at the ECB and take the EUR higher and yesterday’s sluggish U.S. economic data was the kind of catalyst that the market has been looking for.

Feb 4 EURUSD SRL

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

EURAUD Analysis, Improving Eurozone Data Could Support EUR in the Short Term

Forex Analysis
EURAUD update, Improving Eurozone Data Could Support EUR in the Short Term

EURAUD, Daily

Eurozone unemployment shows modest signs of improvement and other Eurozone data may also start to print a better outlook for the Eurozone economy over the short term that may add to support the EUR longs. However, markets are on edge that over the medium term further ECB easing still remains a possibility, and that could keep a lid on the EUR.

The Reserve Bank of Australia left rates unchanged, while the monetary policy remains dovish, adding to the short term weakness on the AUD.

Technically, the EURAUD pair remains within the upward bull channel printing higher highs and higher lows since the December low (1.4353). Momentum analysis seems to be turning upward and current price is above its 10 and 50 SMA’s. I remain with the conclusion that as long as price can hold above the 1.5090 – 1.5180 support zone, long positions can be supported for targets in the 1.5610 – 1.5790 zones.

Feb 3 EURAUD SRL V1

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.

Increased volatility in JPY pairs helps traders!

Forex Analysis
Increased volatility in JPY pairs helps traders!

USDJPY, Daily

JPY has plummeted today after the Bank of Japan announced that it included negative interest rates in its policy arsenal. Until as lately as last Thursday the BoJ governor Kuroda emphasised that the bank not consider negative rates. But now that the ECB is promising more QE in March governor Kuroda is taking a leaf of out of Swiss National Bank’s book and introduces negative rates to prevent safe haven flows into Japanese currency.

This created a huge up move in USDJPY and EURJPY among the others. Such a volatility means that traders who know what they are doing will make vast amounts of money with a higher certainty and relatively fast. When market has momentum trading gets easier, but you have to know what to look for. In next Tuesday’s Live Analysis Webinar I will teach you techniques that will help you to identify these opportunities and make money instead of sitting in the sidelines while others (those that are in the know) enjoy the action!

The above chart shows a beautiful up move that everyone would love to catch. Our Senior Currency Strategist John Knobel identified a bullish setup a few days ago and helped our traders to be long USDJPY before Kuroda annouced the surprise news. However, if you missed John’s trade idea, you surely want to have tools for engaging the market after the news comes out!

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

About Janne Muta, HotForex’s Chief Market Analyst

jmutaJanne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.

Traders and fund managers from around the world have benefited greatly from Janne’s technical analysis methods. The indicators and price action based trading models he has developed, have, after rigorous testing, proven to be invaluable in identifying high probability trades.


“My mission is to help you to become a confident and successful trader”

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.