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

 AUD USD

 Daily Forex News  in General Forex Discussion_cb7lq-89yyw
The AUD traded higher against the USD and closed at 0.7111.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70786, and a fall through could take it to the next support level of 0.70463. The pair is expected to find its first resistance at 0.71299, and a rise through could take it to the next resistance level of 0.71489.
 
Previous Day range was 51.3 and Current Day Range is 19.5.

 USD JPY


Daily Forex News  in General Forex Discussion_cbs9l-e2q9v
 The USD traded higher against the JPY and closed at 109.956.

 
The pair is expected to find support at 109.702, and a fall through could take it to the next support level of 109.448. The pair is expected to find its first resistance at 110.223, and a rise through could take it to the next resistance level of 110.490.
 
USD JPY previous Day range was 5210 and Current Day Range is 3280.
 
 
GBP USD


Daily Forex News  in General Forex Discussion_cbpg7-dddn8
 The GBP traded lower against USD and closed at 1.3191.

 
According to the analysis, pair is expected to find support at 1.31516, and a fall through could take it to the next support level of 1.31124. The pair is expected to find its first resistance at 1.32369, and a rise through could take it to the next resistance level of 1.32830.
 
GBP USD previous day range was 85.3 and current day range is 41.
#91 - March 26, 2019, 08:27:21 AM

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Technical Overview of USD/JPY,
USD/CAD and AUD/USD Currency Pairs

 USD JPY

 
The USD traded lower against the JPY and closed at 110.507.
 
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.260, and a fall through could take it to the next support level of 110.014. The pair is expected to find its first resistance at 110.730, and a rise through could take it to the next resistance level of 110.954.
 
Previous Day range was 4700 and Current Day Range is 4110.

 USD CAD


 The USD traded lower against the CAD and closed at 1.3408.

 
The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
 
The pair is expected to find support at 1.33769, and a fall through could take it to the next support level of 1.33456. The pair is expected to find its first resistance at 1.34395, and a rise through could take it to the next resistance level of 1.34708.
 
USD CAD previous Day range was 62.6 and Current Day Range is 22.1.
 
 
AUD USD

 The AUD traded higher against USD and closed at 0.7083.

 
According to the analysis, pair is expected to find support at 0.70535, and a fall through could take it to the next support level of 0.70244. The pair is expected to find its first resistance at 0.71265, and a rise through could take it to the next resistance level of 0.71704.
                                              
AUD USD previous day range was 73 and current day range is 25.9.
#92 - March 28, 2019, 08:45:36 AM

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

 EUR USD


The EUR traded higher against the USD and closed at 1.1218.

The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

According to the Analysis, The pair is expected to find support at 1.12030, and a fall through could take it to the next support level of 1.11883. The pair is expected to find its first resistance at 1.12392, and a rise through could take it to the next resistance level of 1.12607.

Previous Day range was 36.2 and Current Day Range is 13.3.

USD CAD

The USD traded higher against the CAD and closed at 1.3352.

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).

The pair is expected to find support at 1.33149, and a fall through could take it to the next support level of 1.32777. The pair is expected to find its first resistance at 1.34157, and a rise through could take it to the next resistance level of 1.34793.

USD CAD previous Day range was 100.8 and Current Day Range is 15.2.

GBP USD

The GBP traded higher against USD and closed at 1.3027.

The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.
According to the analysis, pair is expected to find support at 1.29584, and a fall through could take it to the next support level of 1.28898. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.32014.

GBP USD previous day range was 155.8 and current day range is 31.2.



#93 - April 01, 2019, 10:48:09 AM
« Last Edit: April 01, 2019, 11:08:52 AM by Admin »

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Weekly Forecast of Crude Oil (USOil.x)

Oil ignores the bearish API inventory report released day before yesterday and hit five-month highs a few minutes before press time.
OPEC's output hit a four-year low in March. The Energy Information Administration is expected to show the US oil inventories dropped last week.

US crude oil inventories unexpectedly rose by 3 million barrels last week, the American Petroleum Institute said on Tuesday. Oil prices, however, have shrugged off the bearish inventory report, and continue to cheer the OPEC-led supply cuts.

According to the analysis, USOil.x pair is expected to find support at 61.91, and a fall through could take it to the next support level of 61.21. The pair is expected to find its first resistance at 63.02, and a rise through could take it to the next resistance level of 63.43.

USOil.x previous day range was 11100 and current day range is 4300.

The Energy Information Administration (EIA) data due later today is expected to show the US crude inventories dropped 100,000 barrels last week. A bigger drawdown could end up pushing WTI higher to $63.59 (resistance of the June 2018 low as per the weekly chart).





#94 - April 03, 2019, 09:02:39 AM
« Last Edit: April 05, 2019, 11:26:39 AM by Admin »

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the new one is that I am increasingly learning about trading and I am increasingly proficient in trading and thank you for traders who have shared their strategies
#95 - April 04, 2019, 03:44:46 AM

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Technical Overview of EUR/USD,
NZD/USD and GBP/USD Currency Pairs

 EUR USD


 The EUR traded higher against the USD and closed at 1.122.


Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

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

According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

Previous Day range was 41.2 and Current Day Range is 11.6.


 NZD USD


 The NZD traded higher against the USD and closed at 0.6752.


The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

GBP USD

 The GBP traded higher against USD and closed at 1.3071.


According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

GBP USD previous day range was 130.3 and current day range is 23.5.
#96 - April 05, 2019, 11:20:31 AM
« Last Edit: April 05, 2019, 11:23:07 AM by Admin »

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Technical Overview of USD/JPY, EUR/USD and AUD/USD Currency Pairs

 USD JPY

The USD traded lower against the JPY and closed at 111.709.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

According to the Analysis, The pair is expected to find support at 111.594, and a fall through could take it to the next support level of 111.479. The pair is expected to find its first resistance at 111.820, and a rise through could take it to the next resistance level of 111.931.

Previous Day range was 2260 and Current Day Range is 3820.

EUR USD

 The EUR traded higher against the USD and closed at 1.1216.


The pair is expected to find support at 1.12035, and a fall through could take it to the next support level of 1.11908. The pair is expected to find its first resistance at 1.12355, and a rise through could take it to the next resistance level of 1.12548.

EUR USD previous Day range was 32 and Current Day Range is 21.3.

AUD USD

 The AUD traded lower against USD and closed at 0.7106.


According to the analysis, pair is expected to find support at 0.70880, and a fall through could take it to the next support level of 0.70704. The pair is expected to find its first resistance at 0.71274, and a rise through could take it to the next resistance level of 0.71492.

AUD USD previous day range was 39.4 and current day range is 21.1.
#97 - April 08, 2019, 07:31:21 AM
« Last Edit: April 08, 2019, 09:04:53 AM by Mikser »

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Technical Overview of GBP/USD,
NZD/USD and AUD/CAD Currency Pairs

 GBP USD

Daily Forex News  in General Forex Discussion_cbg4l-x725a
 The GBP traded higher against the USD and closed at 1.3048.


The European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. This meeting involves the Heads of State and Government of European Union member states.

The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

According to the Analysis, The pair is expected to find support at 1.30122, and a fall through could take it to the next support level of 1.29763. The pair is expected to find its first resistance at 1.31008, and a rise through could take it to the next resistance level of 1.31535.

Previous Day range was 88.6 and Current Day Range is 19.2.

NZD USD
Daily Forex News  in General Forex Discussion_cbaoh-xz2n7
 The NZD traded higher against the USD and closed at 0.674.


The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

The pair is expected to find support at 0.67315, and a fall through could take it to the next support level of 0.67232. The pair is expected to find its first resistance at 0.67531, and a rise through could take it to the next resistance level of 0.67664.

NZD USD previous Day range was 21.6 and Current Day Range is 14.6.

AUD USD
Daily Forex News  in General Forex Discussion_cbiyw-5ycy6
 The AUD traded higher against USD and closed at 0.7121.


FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

According to the analysis, pair is expected to find support at 0.71092, and a fall through could take it to the next support level of 0.70973. The pair is expected to find its first resistance at 0.71425, and a rise through could take it to the next resistance level of 0.71639.

AUD USD previous day range was 33.3 and current day range is 33.1.


#98 - April 10, 2019, 09:25:18 AM
« Last Edit: April 10, 2019, 12:32:11 PM by Admin »

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Very good with the daily news of this forex, can be a reference in preparing trade with a planned technical combination
#99 - August 20, 2019, 11:47:15 AM

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hello bro, thank you for the very useful information that you provided, I followed what you submitted updates, very good news that you delivered and became a reference for high accuracy.
#100 - September 06, 2019, 05:45:43 PM

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the new one is that I am increasingly learning about trading and I am increasingly proficient in trading and thank you for traders who have shared their strategies
#101 - October 09, 2019, 09:59:12 AM

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Very good with this daily forex news thread, can be a reference in trading preparation with technical combinations that I use. Thanks...
#102 - October 09, 2019, 10:10:59 AM

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I often subscribe to daily signals at a broker.
#103 - October 11, 2019, 08:14:17 AM

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it will be easier to see the news in the application, now I myself have an alarm to remember the news
#104 - August 12, 2022, 01:20:51 AM

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it will be easier to see the news in the application, now I myself have an alarm to remember the news
we can use websites like forex factory and we can filter news what we want
#105 - September 10, 2022, 08:31:37 AM

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