Ganjaran Bonus Forex Yang Terbesar Tidak Pernah Ditawarkan Sebelum ini ... BONUS TANPA SEBARANG DEPOSIT SEBANYAK $1500 DARI INSTAFOREX !!


Go Back   CariGold Forum > MAKE MONEY DISCUSSION > Forex > Forex Analysis > Technical Analysis

Recommended Brokers

Forex Chart
Crypto Chart
CG Sponsors



Reply
 
Thread Tools
  #951  
Old 15-09-2017, 08:10 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: POUND SOARS ON BOE TAPERING COMMENTS, US DOLLAR LOOKS TO RETAIL SALES FOR NEXT MOVE


EUR/USD


Forex News: Inflation in the United States improved, as shown by the CPI released yesterday (forecast 0.3%, actual 0.4%) but the US Dollar soon gave up all gains as the pair bounced at 1.1840 support.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The last four hour candle has a very long lower wick, suggesting that the bears have run out of steam and that the pair is headed north. If price moves above 1.1900, which is now resistance, we expect to see a climb into the 50 period Exponential Moving Average but otherwise the pair is most likely headed towards 1.1840 for another attempt to break it. The U.S. economic data released today will probably have a big role to play for price direction.

Fundamental Outlook

The main event today will be the release of the U.S. Retail Sales, scheduled at 12:30 pm GMT and expected to show a reading of 0.1%, which is a drop from the previous 0.6%. The indicator shows changes in the total value of sales made through retail outlets and usually has a high impact on the US Dollar, with higher numbers strengthening it.


GBP/USD

The Bank of England (BoE) kept the rate unchanged at 0.25% but announced that stimulus tapering is likely to begin during the “coming months”. This was a strong bullish signal that took the Pound more than 200 pips higher.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The massive climb seen yesterday is likely to bring in additional buyers, taking the pair into 1.3450 resistance but if this comes true, it will probably happen next week. For today, we expect a pullback that will re-test the previous resistance at 1.1330 but in case the market overreacted to yesterday’s BoE news, then we will probably see a deeper move south. The RSI is showing bearish divergence again and is approaching overbought, thus increasing the probability of a drop.

Fundamental Outlook

The United Kingdom didn’t schedule important economic data releases for today, so price direction will be decided by the U.S. Retail Sales and the technical aspect.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
Paid Advertisement
  #952  
Old 18-09-2017, 11:06 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: POUND SKYROCKETS. WHAT WILL BE THE DOLLAR’S RESPONSE?


EUR/USD


Forex News: Friday was a bullish day for the pair and the US Dollar took a hit from disappointing U.S. Retail Sales (expected change 0.1%, actual change -0.2%). The pair moved above the 50 EMA but failed to close the week above 1.1960 resistance.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The latest move up lacks momentum and price action is showing rejection after breaching through 1.1960 resistance. The long wicks of the last few candles are a sign that price is about to bounce and move lower, towards 1.1900 but if the bears fail to take the pair below the 50 EMA, we will probably see a move above 1.1960 and closer to 1.2000. We don’t expect substantial movement today, due to the lack of major economic releases.

Fundamental Outlook

The European Final Consumer Price Index is today’s only notable release, scheduled at 9:00 am GMT and expected to show a change of 1.5%. This is the main gauge of inflation in the Eurozone but the impact of the Final version is rather dim because the Flash Estimate version and German inflation numbers were already released. Nonetheless, higher numbers usually strengthen the Euro.


GBP/USD

The Pound soared Friday after a member of BoE’s Monetary Policy Committee stated that we are approaching a rate hike. This added more fuel to the Pound rally, taking the pair to the highest level since the Brexit referendum.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The pair reached a high at 1.3616 and had its best week in a long time but moves like the one seen Friday are usually followed by a pullback or at least a period of consolidation. The Relative Strength Index is deep in overbought territory, thus adding to the probability of a move lower but we don’t expect price to retrace too low because the bulls are clearly in control. The first potential support is located at 1.3450 but it’s unlikely that the pair will reach it today.

Fundamental Outlook


The Pound will not be affected today by economic data releases, thus price direction will be determined by the technical aspect.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
  #953  
Old 19-09-2017, 10:48 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: CONSOLIDATION PHASE STILL UNDERWAY. BREAKOUTS WILL SOON FOLLOW


EUR/USD


Forex News: The pair remained in a relatively tight range for the most part of yesterday’s trading session and this can be attributed to the lack of major news releases. The European Final CPI came out with the expected value, so the impact was low.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The bulls are still struggling to break 1.1960 resistance but the bears cannot keep the pair below the 50 period Exponential Moving Average so we can say that control doesn’t belong to either side. The next direction will depend on the economic data released today but as long as price is hovering between 1.1960 and the 50 period EMA, our outlook is mostly neutral, expecting a strong break of one of these technical hurdles.

Fundamental Outlook

The German ZEW Economic Sentiment is today’s highlight for the Euro. This is a survey of about 300 German professional analysts and investors regarding a 6-month outlook for the German economy. Its impact has diminished lately, but higher numbers usually strengthen the Euro. The release is scheduled at 9:00 am GMT and the expected reading is 12.3 (previous 10.0).

On the US Dollar side the most notable event is the release of the Building Permits, scheduled at 12:30 pm GMT and expected to show a number of 1.22 Million new permits. Higher numbers show increased activity in the construction sector and usually strengthen the US Dollar but the impact is often mild.


GBP/USD

The pair retraced lower yesterday, as it was expected after the strong climb seen Friday but the overall picture remains strongly bullish.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The pullback seen yesterday didn’t bring the Relative Strength Index below its overbought level, so we may very well see more downside movement or consolidation. To the upside the first barrier remains the high at 1.3616, while 1.3450 is the first potential support but this is still a distant target for one day unless surprising developments take place. Of course, the pair is in a strong uptrend so we will probably see upside movement once the retracement is over.

Fundamental Outlook

The economic calendar lacks any major releases for the Pound today, so the pair’s direction will be mainly dictated by the technical aspect and the U.S. data.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
  #954  
Old 20-09-2017, 10:19 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: FED IN THE LIMELIGHT: POTENTIAL BALANCE SHEET REDUCTION ON THE HORIZON


EUR/USD


Forex News: Yesterday’s price action was mostly bullish, due in part to a better than expected German ZEW Economic Sentiment survey (forecast 12.3, actual 17.0). The key resistance at 1.2000 was touched but it pushed price lower almost immediately.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

Although the pair moved higher yesterday, the trading range was lower than 50 pips at the time of writing, so momentum is clearly lacking. This is likely to change today with the FOMC Rate Meeting but until then we will probably see choppy movement, capped by the resistance at 1.2000 and the 50 period Exponential Moving Average. If a breakout happens before the FOMC events, it may trigger additional movement but to a limited extent.

Fundamental Outlook

The main event today is without a doubt the FOMC Meeting scheduled at 6:00 pm GMT. They will release a set of Economic Projections for the next two years, as well as the Rate Statement that contains the outcome of their vote on the interest rate (no change expected) and insights into the reasons that determined the vote.

The Fed is expected to start shrinking their balance sheet and if they announce it today, we will surely see very strong US Dollar movement. Also, at 6:30 pm GMT, Fed Chair Janet Yellen will hold a press conference discussing the rate decision among other things. Audience questions are expected and volatility is likely to surge.


GBP/USD

The pair continued lower yesterday and approached the support at 1.3450, without threatening a break. The picture remains bullish and this behaviour can be considered a normal retracement, not a reversal.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

Today we may see a drop into 1.3450 support as the Relative Strength Index is descending below its 70 level after spending a long period in overbought territory. To the upside the first resistance is located at 1.3616 but today we have important economic releases for both currencies, so the technical aspect will be overshadowed by the fundamentals.

Fundamental Outlook

The British Retail Sales are today’s main event for the Pound. The release is scheduled at 8:30 am GMT and the expected value is 0.2% (previous 0.3%); the report tracks changes in the total value of sales made through retail stores and has a high impact on the currency. Higher numbers show increased economic activity and usually strengthen the Pound.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
  #955  
Old 21-09-2017, 11:33 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: THE US DOLLAR IS BACK! BEARISH PRESSURE MOUNTS


EUR/USD


Forex News: As expected the Fed kept the rate unchanged (<1.25%) and announced that they will begin balance sheet reduction in October, which was perceived as hawkish by market participants. As a result, the pair tumbled through several support levels, on the back of US Dollar momentum.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

Newfound US Dollar strength took the pair below 1.1900 after a near touch of 1.2040 earlier in the session and the momentum is likely to extend throughout today’s session, so we expect at least a touch of the support located at 1.1840. However, it must be noted that sharp moves tend to retrace a little after the initial momentum wanes, so we may see a move up that will find resistance around 1.1900. Despite the recent move, the pair is not in a downtrend so we cannot rule out a stronger move to the upside.

Fundamental Outlook

ECB President Mario Draghi will deliver opening remarks at the European Systemic Risk Board annual conference, in Frankfurt. The impact if the speech is uncertain and will depend on Draghi’s attitude but caution is recommended whenever heads of central banks speak publicly. The event is scheduled at 1:30 pm GMT.

The most notable event for the US Dollar will be the release of the U.S. Unemployment Claims, scheduled at 12:30 pm GMT. The indicator shows how many persons have asked for unemployment related benefits but it’s a weekly release and this means that it has a rather low impact. However, higher numbers than the expected 302K usually weaken the US Dollar.


GBP/USD

The Pound benefited from much better than anticipated Retail Sales numbers early in yesterday’s session and the pair jumped higher. However, US Dollar strength generated by the Fed meeting erased al gains and took the pair into support.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

After a short lived break of 1.3616 resistance, the pair dropped to touch 1.3450 but at least at the time of writing, the level was not breached. If a break occurs, the drop will probably extend into the 50 period Exponential Moving Average but once that mark is hit, we expect to see moves north, based on the fact that the pair is still in a strong uptrend. On the other hand, a break of the 50 EMA would show increased bearish pressure and would weaken the uptrend.

Fundamental Outlook

The economic calendar for the Pound is blank today, so price direction will be determined by the technical aspect but also by the effects of yesterday’s events.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
  #956  
Old 22-09-2017, 11:00 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: FINISHING THE WEEK WITH SPEECHES FROM ECB PRESIDENT DRAGHI AND BRITISH PRIME MINISTER MAY


EUR/USD


Forex News: The momentum created by the Fed Meeting slowed down yesterday and the pair moved above the psychological level at 1.1900. The session was bullish but bearish pressure is still high.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

After the failed break of 1.1875, the pair climbed above 1.1900 and seems headed for the 50 period Exponential Moving Average. However, it must be noted that the last bullish candles are showing long wicks and price lacks upside momentum, so we may very well see a drop even before the 50 EMA is reached. The bias remains bearish but the pair is not in a downtrend.

Fundamental Outlook

At 8:00 am GMT the European Manufacturing and Services PMIs are released, showing the opinions of purchasing managers regarding economic and business conditions in their respective sectors. The indicators have a low to medium impact on the Euro, with higher numbers strengthening the single currency. The forecast for the Manufacturing PMI is 57.2 and for the Services PMI is 54.7.

At the same time (8:00 am GMT), ECB President Mario Draghi will deliver a speech at the Trinity College, in Dublin. The impact will depend on the matters discussed but caution is recommended whenever heads of central banks speak publicly.


GBP/USD

Yesterday’s trading session was slow, with price consolidating above 1.3450 support. The economic calendar didn’t hold any important events and this contributed to the slow movement of price.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The overall trend is clearly bullish but the latest momentum is bearish and now the pair is consolidating (moving in a range) in close vicinity of 1.3450 support. We already saw a failed attempt to break the level so if it won’t broken on a second attempt, the pair will probably be headed higher or it will remain in a range. If 1.3450 is broken, the 50 period EMA will become the first target.

Fundamental Outlook

British Prime Minister Theresa May will speak today in Florence on the post-Brexit relationship between Britain and the European Union. The exact time of the speech is not known at the time of writing, so we recommend keeping an eye on our Economic Calendar for updates.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
  #957  
Old Today, 08:44 PM
GDM_FX GDM_FX is online now
Active Member

GDM_FX's Avatar
 
Trader Rating: (0)
Join Date: Oct 2012
Location: Kuala Lumpur, Malaysia
Posts: 2,417
Thanks (Received): 0
Likes (Received): 0
Active Level
My Mood:
Default

FOREX NEWS: ECB PRESIDENT DRAGHI TESTIFIES. BEWARE OF SUDDEN VOLATILITY SPIKES


EUR/USD


Forex News: Friday the pair moved higher on the back of better than expected numbers for the European Purchasing Managers’ Indexes but the key resistance at 1.2000 pushed the pair lower and erased all gains, so the session ended close to where it started.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

Friday’s price action doesn’t offer a lot of clues for the next move and overall the pair remains in a range, without clear direction. Strong resistance is located at 1.2000 and to the downside, if the pair can move below the 50 EMA, it might drop into 1.1900. Today’s price action will probably be affected by the German Federal Elections that took place Sunday, so the technical side will be secondary.

Fundamental Outlook

Today at 1:00 pm GMT, ECB President Mario Draghi will testify in Brussels before the European Parliament Economic and Monetary Affairs Committee, about monetary developments and the economy. This has the potential to be a high-impact event, so caution is recommended.

The day’s other notable event is the release of the German IFO Business Climate, which is a survey derived from the opinions of about 7,000 businesses, focused on economic optimism and outlook for the next 6-months. The time of the release is 8:00 am GMT and the expected value is 116.0, a small increase from the previous 115.9.


GBP/USD

British Prime Minister May delivered a speech Friday in Florence, mentioning that the U.K. will be leaving the single market and the customs union. This was the main reasons for the weakening of the Pound but support wasn’t breached.


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


Technical Outlook

The last 4-hour candle shows a long wick in its lower part, which is a sign of rejection. Also, price is bouncing off of the confluence zone created by the 50 period Exponential Moving Average and the horizontal support at 1.3450. Strictly from a technical point of view, all this suggests that price will probably bounce higher but the fundamental side (represented by Prime Minster May’s stance) indicates that lower prices will follow. Look for a break of the confluence zone because if it occurs, more sellers will probably join.

Fundamental Outlook

The United Kingdom didn’t schedule any important releases for today, thus the pair’s direction will be mainly decided by the technical aspect.
__________________
Need help? Click here to talk to our customer support
Site: www.gdmfx.com
Page: facebook.com/GDMFXcom
Email: [email protected]
Reply With Quote
Sponsored Links
Reply Share This Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

AMP
Forum Jump

CariGold