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ma1 Daily Forex News By XtreamForex

on Fri Feb 01, 2019 11:00 am
Technical Overview of XAU/USD, BTC/USD and ETH/USD
 
XAU USD.x

The XAU traded lower against the USD and closed at 1321.27.
 
Gold could trade in a sideways-to-negative manner as a key technical indicator is reporting the loss of bullish momentum.
 
According to the Analysis, The pair is expected to find support at 1317.09, and a fall through could take it to the next support level of 1312.91. The pair is expected to find its first resistance at 1325.85, and a rise through could take it to the next resistance level of 1330.43.
 
Previous Day range was 8.76 and Current Day Range is 43000.
 

BTC USD

The BTC traded lower against the USD and closed at 3498.84.
 
Cryptocurrency market slipped back in the red zone on Thursday and continued consolidating with bearish bias during early Asian hours on Friday. All major coins demonstrate moderate losses
 
The pair is expected to find support at 3462.14, and a fall through could take it to the next support level of 3425.45. The pair is expected to find its first resistance at 3551.55, and a rise through could take it to the next resistance level of 3604.27.
 
BTC USD previous Day range was 89.41 and Current Day Range is 50.24.
 
 
ETH USD

The ETH traded lower against USD and closed at 108.31.
 
Bears take over the ETH/USD market as it loses 1.75% of its overall value.
Heavy resistance at $107.50 and $109 severely limits ETH/USD’s growth
 
According to the analysis, pair is expected to find support at 105.95, and a fall through could take it to the next support level of 103.60. The pair is expected to find its first resistance at 111.96, and a rise through could take it to the next resistance level of 115.62.
 
ETH USD previous day range was 6.01 and current day range is 36600.
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ma1 Re: Daily Forex News By XtreamForex

on Mon Feb 04, 2019 11:50 am
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Last edited by gandra on Mon Feb 25, 2019 1:40 pm; edited 1 time in total
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ma1 Re: Daily Forex News By XtreamForex

on Tue Feb 05, 2019 11:46 am
Technical Overview of AUD/USD, NZD/USD and USD/JPY Currency Pairs
 
AUD USD
Daily Forex News By XtreamForex Cb3za-h0kft
The AUD traded higher against the USD and closed at 0.7225.
 
Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.
 
The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.
 
The indicator growth can have a positive effect on the Australian dollar quotes.
 
According to the Analysis, The pair is expected to find support at 0.72060, and a fall through could take it to the next support level of 0.71873. The pair is expected to find its first resistance at 0.72486, and a rise through could take it to the next resistance level of 0.72725.
 
Previous Day range was 42.6 and Current Day Range is 60.1.
 

NZD USD
Daily Forex News By XtreamForex Cb1k1-d9dw2
The NZD traded higher against the USD and closed at 0.6896.
 
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.
 
Readings above 50 can have a positive effect on US dollar quotes.
 
The pair is expected to find support at 0.68754, and a fall through could take it to the next support level of 0.68548. The pair is expected to find its first resistance at 0.69111, and a rise through could take it to the next resistance level of 0.69262.
 
NZD USD previous Day range was 35.7 and Current Day Range is 30.4.
 
 
USD JPY
Daily Forex News By XtreamForex Cb29j-qp12r
The USD traded bit higher against JPY and closed at 109.874.
 
Household Spending y/y measures the total expenditure by Japanese households in the given month compared to the same month of the previous year. The index is calculated based on a statistical sample of households in the country. The calculation includes expenditures on food, housing, utilities, furniture, closing, health, education, transport, communication, leisure activities, etc.
 
The index is viewed as an indicator of economic growth and consumer optimism. It allows measuring the level of inflation in the country.
 
The indicator growth can have a positive effect on the yen quotes.
 
According to the analysis, pair is expected to find support at 109.484, and a fall through could take it to the next support level of 109.093. The pair is expected to find its first resistance at 110.212, and a rise through could take it to the next resistance level of 110.549.
 
USD JPY previous day range was 7280 and current day range is 2010.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Feb 06, 2019 9:24 am
Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs
 
EUR USD

The EUR traded lower against the USD and closed at 1.1405.
 
Despite macroeconomic data released this Tuesday favored an advance in EUR/USD the pair ends the day with losses at pre-FOMC levels. 1.1315 at sight should the 1.1400 figure gives up.
 
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.
 
Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.
 
According to the Analysis, The pair is expected to find support at 1.13907, and a fall through could take it to the next support level of 1.13767. The pair is expected to find its first resistance at 1.14293, and a rise through could take it to the next resistance level of 1.14539.
 
Previous Day range was 38.6 and Current Day Range is 13.
 

USD CAD

The USD traded higher against the CAD and closed at 1.1325.
 
The USD/CAD pair trades little changed around 1.3130 on early Wednesday. The pair has strong resistance confluence near 1.3205-1.3210 that includes 100-day simple moving average (SMA) and a month old descending trend-line.
 
Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.
 
The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.
 
Survey results are seasonally adjusted.
 
A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.
 
The pair is expected to find support at 1.31002, and a fall through could take it to the next support level of 1.30757. The pair is expected to find its first resistance at 1.31511, and a rise through could take it to the next resistance level of 1.31755.
 
USD CAD previous Day range was 50.9 and Current Day Range is 26.1.
 
USD CHF

The USD traded bit higher against CHF and closed at 0.9995.
 
US Dollar Index struggles to break above 96.
10-year T-bond yield erases gains to weigh on the greenback.
Coming up: ISM and Markit non-manufacturing PMI data from the U.S.
 
According to the analysis, pair is expected to find support at 0.99706, and a fall through could take it to the next support level of 0.99464. The pair is expected to find its first resistance at 1.00198, and a rise through could take it to the next resistance level of 1.00448.
 
USD CHF previous day range was 49.2 and current day range is 16.9.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Feb 07, 2019 8:21 am
Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs
 
GBP USD

The GBP traded lower against the USD and closed at 1.2927.
 
Bank of England Interest Rate Decision is taken by monetary policy committee members and is published two weeks after the meeting.
 
The interest rate decision is one of the most important events. Interest rate growth is seen as positive for the sterling.
 
According to the Analysis, The pair is expected to find support at 1.29085, and a fall through could take it to the next support level of 1.28900. The pair is expected to find its first resistance at 1.29614, and a rise through could take it to the next resistance level of 1.29958.
 
Previous Day range was 52.9 and Current Day Range is 11.8.
 

AUD USD

The AUD traded higher against the USD and closed at 0.7104.
 
FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
 
The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.
 
The pair is expected to find support at 0.70551, and a fall through could take it to the next support level of 0.70059. The pair is expected to find its first resistance at 0.71994, and a rise through could take it to the next resistance level of 0.72945.
 
AUD USD previous Day range was 144.3 and Current Day Range is 16.6.
 
NZD USD

The NZD traded bit lower against USD and closed at 0.6774.
 
New Zealand Employment Change q/q shows the change in the number of citizens officially employed in New Zealand resident companies in the given quarter compared to the previous one. Employment growth is a sign of a stronger labor market and can be seen as positive for the New Zealand dollar quotes.
According to the analysis, pair is expected to find support at 0.67251, and a fall through could take it to the next support level of 0.66760. The pair is expected to find its first resistance at 0.68640, and a rise through could take it to the next resistance level of 0.69538.
 
NZD USD previous day range was 138.9 and current day range is 33.5.
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ma1 Re: Daily Forex News By XtreamForex

on Fri Feb 08, 2019 9:26 am
Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs
 
AUD USD

The AUD traded lower against the USD and closed at 0.7100.
 
Reserve Bank of Australia (RBA) Monetary Policy Statement is published quarterly. It provides explanations to the current monetary policy and description of economic state and inflation prospects.
 
According to the Analysis, The pair is expected to find support at 0.70871, and a fall through could take it to the next support level of 0.70740. The pair is expected to find its first resistance at 0.71152, and a rise through could take it to the next resistance level of 0.71302.
 
Previous Day range was 28.1 and Current Day Range is 43.3.
 

USD CAD

The USD traded higher against the CAD and closed at 1.3307.
 
Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.
 
The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes.
 
The pair is expected to find support at 1.32344, and a fall through could take it to the next support level of 1.31619. The pair is expected to find its first resistance at 1.33482, and a rise through could take it to the next resistance level of 1.33895.
 
USD CAD previous Day range was 113.8 and Current Day Range is 31.
 
USD JPY

The USD traded bit lower against JPY and closed at 109.799.
 
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
 
According to the analysis, pair is expected to find support at 109.577, and a fall through could take it to the next support level of 109.354. The pair is expected to find its first resistance at 110.051, and a rise through could take it to the next resistance level of 110.302.
 
USD JPY previous day range was 4740 and current day range is 1890.
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ma1 Re: Daily Forex News By XtreamForex

on Mon Feb 11, 2019 8:02 am
Technical Overview of GBP/USD, NZD/USD and EUR/USD Currency Pairs
 
GBP USD

The GBP traded lower against the USD and closed at 1.2938.
 
Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production.
 
The indicator growth may have a positive effect on the pound quotes.
 
According to the Analysis, The pair is expected to find support at 1.29147, and a fall through could take it to the next support level of 1.28909. The pair is expected to find its first resistance at 1.29678, and a rise through could take it to the next resistance level of 1.29971.
 
Previous Day range was 53.1 and Current Day Range is 12.1.
 

NZD USD

The NZD traded higher against the USD and closed at 0.6745.
 
Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spending and economic activity.
 
The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.
 
The pair is expected to find support at 0.67274, and a fall through could take it to the next support level of 0.67099. The pair is expected to find its first resistance at 0.67643, and a rise through could take it to the next resistance level of 0.67837.
 
NZD USD previous Day range was 36.9 and Current Day Range is 32.3.
 
EUR USD

The EUR traded bit lower against USD and closed at 1.1323.
 
FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
 
The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.
 
According to the analysis, pair is expected to find support at 1.13129, and a fall through could take it to the next support level of 1.13024. The pair is expected to find its first resistance at 1.13423, and a rise through could take it to the next resistance level of 1.13612.
 
EUR USD previous day range was 29.4 and current day range is 12.8.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Feb 12, 2019 10:04 am
Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs
 
AUD USD

The AUD traded lower against the USD and closed at 0.7061.
 
The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.
 
A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.
 
According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.
 
Previous Day range was 50.9 and Current Day Range is 33.5.
 

USD CAD

The USD traded lower against the CAD and closed at 1.3301.
 
JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.
 
The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.
 
JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.
 
The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.
 
USD CAD previous Day range was 56.9 and Current Day Range is 27.
 
USD JPY

The USD traded higher against JPY and closed at 110.367.
 
Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.
 
Industrial production growth may have a positive effect on yen quotes.
 
According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.
 
USD JPY previous day range was 6950 and current day range is 3020.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Feb 14, 2019 10:05 am
Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pairs
 
GBP USD

The GBP traded higher against the USD and closed at 1.2843.
 
Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
 
The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.
 
Previous Day range was 113.1 and Current Day Range is 24.9.
 

AUD USD

The AUD traded higher against the USD and closed at 0.7088.
 
Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.
 
The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.
The indicator growth can have a negative effect on US dollar quotes.
 
The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.
 
AUD USD previous Day range was 50.2 and Current Day Range is 35.5.
 
USD JPY

The USD traded higher against JPY and closed at 111.
 
Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
GDP growth can have a positive effect on yen quotes.
 
According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.
 
USD JPY previous day range was 6270 and current day range is 2550.
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ma1 Re: Daily Forex News By XtreamForex

on Fri Feb 15, 2019 9:59 am
Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs
 
USD CAD
Daily Forex News By XtreamForex Cby9a-lcwkl
The USD traded higher against the CAD and closed at 1.3292.
 
Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).
 
The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
 
A higher than expected reading can have a positive effect on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.
 
Previous Day range was 111.3 and Current Day Range is 23.5.
 

EUR USD
Daily Forex News By XtreamForex Cbv6c-okoow
The EUR traded higher against the USD and closed at 1.1294.
 
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
 
The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.
 
EUR USD previous Day range was 59.2 and Current Day Range is 12.8.
 
USD CHF
Daily Forex News By XtreamForex Cb1u1-xlmhp
The USD traded higher against CHF and closed at 1.0047.
 
Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).
 
The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
 
A higher than expected reading can have a positive effect on dollar quotes.
 
According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.
 
USD CHF previous day range was 53.4 and current day range is 13.3.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Feb 19, 2019 11:06 am
Technical Overview of EUR/USD,
GBP/USD and USD/CHF Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1308.
 
ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.
 
Index growth may have a positive impact on euro quotes.
 
According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.
 
Previous Day range was 44.7 and Current Day Range is 19.8.
 

GBP USD

The GBP traded lower against the USD and closed at 1.2919.
Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.
An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.
The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.
 
GBP USD previous Day range was 46.1 and Current Day Range is 29.6.
 
USD CHF

The USD traded higher against CHF and closed at 1.0038.
 
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
 
According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104. The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.
 
USD CHF previous day range was 27.3 and current day range is 17.9.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Feb 20, 2019 9:58 am
Technical Overview of EUR/USD,
USD/CAD and USD/CHF Currency Pairs

EUR USD

The EUR traded higher against the USD and closed at 1.134.
 
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
 
According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.
 
Previous Day range was 81.2 and Current Day Range is 20.1.
 

USD CAD

The USD traded lower against the CAD and closed at 1.3211.
 
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
 
Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
 
The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.
 
USD CAD previous Day range was 75.4 and Current Day Range is 32.
 
USD CHF

The USD traded higher against CHF and closed at 1.0007
 
FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country's economic and financial conditions, monetary policy and Fed interest rates.
The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.
The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.
According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.
 
USD CHF previous day range was 58.7 and current day range is 13.2.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Feb 21, 2019 10:11 am
Technical Overview of EUR/USD,
USD/CAD and GBP/USD Currency Pairs

EUR USD

The EUR traded higher against the USD and closed at 1.1336.
 
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
 
According to the Analysis, The pair is expected to find support at 1.13159, and a fall through could take it to the next support level of 1.12983. The pair is expected to find its first resistance at 1.13630, and a rise through could take it to the next resistance level of 1.13897.
 
Previous Day range was 45.7 and Current Day Range is 18.6.
 

USD CAD

The USD traded lower against the CAD and closed at 1.3175.
 
Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.
The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.
The pair is expected to find support at 1.31448, and a fall through could take it to the next support level of 1.31146. The pair is expected to find its first resistance at 1.32105, and a rise through could take it to the next resistance level of 1.32460.
 
USD CAD previous Day range was 65.7 and Current Day Range is 25.8.
 
GBP USD
 
The GBP traded lower against USD and closed at 1.3048
 
BoE MPC members are responsible for setting the interest rate and their speeches often contain indications on the future possible direction of monetary policy.
 
According to the analysis, pair is expected to find support at 1.30038, and a fall through could take it to the next support level of 1.29594. The pair is expected to find its first resistance at 1.30992, and a rise through could take it to the next resistance level of 1.31502.
 
GBP USD previous day range was 95.4 and current day range is 23.3.
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ma1 Re: Daily Forex News By XtreamForex

on Mon Feb 25, 2019 10:12 am
Technical Overview of NZD/USD,
GBP/USD and USD/CAD Currency Pairs

NZD USD

The NZD traded higher against the USD and closed at 0.6847.
 
Retail Sales m/m reflect a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes.
 
According to the Analysis, The pair is expected to find support at 0.67853, and a fall through could take it to the next support level of 0.67239. The pair is expected to find its first resistance at 0.68806, and a rise through could take it to the next resistance level of 0.69145.
 
Previous Day range was 95.3 and Current Day Range is 31.1.
 

GBP USD

The GBP traded higher against the USD and closed at 1.3053.
 
Bank of England Inflation Report Hearings comprise speeches of the BoE Governor and several Monetary Policy Committee members in the British Parliament. Hearings cover latest inflation an financial stability reports; the MPC members answer questions of Parliament members.
New appointments and new members of the BoE Committees are also discussed at the hearings.
 
The event may have a short-term impact on GBP quotes.
 
The pair is expected to find support at 1.29878, and a fall through could take it to the next support level of 1.29231. The pair is expected to find its first resistance at 1.30968, and a rise through could take it to the next resistance level of 1.31411.
 
GBP USD previous Day range was 10.9 and Current Day Range is 20.8.
 
USD CAD

The USD traded higher against CAD and closed at 1.3142.
 
FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.
 
The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.
 
According to the analysis, pair is expected to find support at 1.31030, and a fall through could take it to the next support level of 1.30643. The pair is expected to find its first resistance at 1.32111, and a rise through could take it to the next resistance level of 1.32805.
 
USD CAD previous day range was 108.1 and current day range is 18.2.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Feb 26, 2019 8:42 am
Technical Overview of USD/JPY,
AUD/USD and USD/CHF Currency Pairs

USD JPY

The USD traded lower against the JPY and closed at 111.051.
 
Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one.
 
The medium-term state of the real estate market is predicted based on this indicator. Index growth may have a positive effect on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 110.676, and a fall through could take it to the next support level of 110.301. The pair is expected to find its first resistance at 111.329, and a rise through could take it to the next resistance level of 111.607.
 
Previous Day range was 6530 and Current Day Range is 3180.
 

AUD USD

The AUD traded lower against the USD and closed at 0.7165.
 
Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.
 
The pair is expected to find support at 0.71358, and a fall through could take it to the next support level of 0.71061. The pair is expected to find its first resistance at 0.71896, and a rise through could take it to the next resistance level of 0.72137.
 
AUD USD previous Day range was 53.8 and Current Day Range is 22.5.
 
USD CHF

The USD traded lower against CHF and closed at 1.0006.
 
FED Vice Chairman Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
Among the public statements made by the members of the Fed Board of Governors, the speech of the Vice Chairman is the second most important event after the Chair's speech.
 
According to the analysis, pair is expected to find support at 0.99887, and a fall through could take it to the next support level of 0.99717. The pair is expected to find its first resistance at 1.00171, and a rise through could take it to the next resistance level of 1.00285.
 
USD CHF previous day range was 28.4 and current day range is 12.4.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Feb 27, 2019 8:15 am
Technical Overview of EUR/USD,
NZD/USD and GBP/USD Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1388.
 
FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.
 
The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353.
 
Previous Day range was 56.7 and Current Day Range is 17.1.
 

NZD USD

The NZD traded higher against the USD and closed at 0.6882.
 
Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.
Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.
The indicator growth can have a positive effect on dollar quotes.
 
The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168.
 
NZD USD previous Day range was 31.8 and Current Day Range is 18.8.
 
GBP USD

The GBP traded lower against USD and closed at 1.3249.
 
Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector.
 
The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance.
A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes.
 
According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996.
 
GBP USD previous day range was 188.9 and current day range is 19.9.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Feb 28, 2019 7:47 am
Technical Overview of USD/CAD,
USD/CHF and USD/JPY Currency Pairs

USD CAD

The USD traded lower against the CAD and closed at 1.3155.
 
Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.
 
GDP growth can have a positive effect on CAD quotes.
 
According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.
 
Previous Day range was 58.2 and Current Day Range is 17.9.
 

USD CHF

The USD traded lower against the CHF and closed at 1.0013.
 
Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.
The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.
GDP growth can have a positive effect on CHF quotes.
 
The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.
 
USD CHF previous Day range was 52.3 and Current Day Range is 26.3.
 
USD JPY

The USD traded lower against JPY and closed at 110.985.
 
ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.
Readings above 50 can have a positive effect on US dollar quotes.
 
According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.
 
USD JPY previous day range was 7170 and current day range is 1660.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Mar 05, 2019 10:23 am
Technical Overview of NZD/USD,
USD/CAD and USD/CHF Currency Pairs

NZD USD

The NZD traded lower against the USD and closed at 0.6813.
 
The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.
 
The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 0.67969, and a fall through could take it to the next support level of 0.67804. The pair is expected to find its first resistance at 0.68288, and a rise through could take it to the next resistance level of 0.68442.
 
Previous Day range was 31.9 and Current Day Range is 39.2.
 

USD CAD

The USD traded higher against the CAD and closed at 1.3302.
 
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.
 
Readings above 50 can have a positive effect on US dollar quotes.
 
The pair is expected to find support at 1.32724, and a fall through could take it to the next support level of 1.32425. The pair is expected to find its first resistance at 1.33349, and a rise through could take it to the next resistance level of 1.33675.
 
USD CAD previous Day range was 62.5 and Current Day Range is 27.1.
 
USD CHF

The USD traded little higher against CHF and closed at 0.9988.
 
ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.
 
The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.
 
According to the analysis, pair is expected to find support at 0.99707, and a fall through could take it to the next support level of 0.99536. The pair is expected to find its first resistance at 1.00124, and a rise through could take it to the next resistance level of 1.00370.
 
USD CHF previous day range was 41.7 and current day range is 22.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Mar 06, 2019 9:30 am
Technical Overview of AUD/USD,
EUR/USD and USD/CAD Currency Pairs

AUD USD

The AUD traded lower against the USD and closed at 0.7083.
 
Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank's interest rates or in the monetary policy.
 
Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.
 
The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.
 
GDP growth can have a positive effect on AUD quotes.
 
According to the Analysis, The pair is expected to find support at 0.70623, and a fall through could take it to the next support level of 0.70418. The pair is expected to find its first resistance at 0.70996, and a rise through could take it to the next resistance level of 0.71164.
 
Previous Day range was 37.3 and Current Day Range is 63.2.
 

EUR USD

The EUR traded higher against the USD and closed at 1.1307.
 
ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.
 
The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.
 
The pair is expected to find support at 1.12849, and a fall through could take it to the next support level of 1.12624. The pair is expected to find its first resistance at 1.13347, and a rise through could take it to the next resistance level of 1.13620.
 
EUR USD previous Day range was 49.8 and Current Day Range is 17.5.
 
USD CAD

The USD traded little higher against CAD and closed at 1.3349.
Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.
 
The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.
 
Survey results are seasonally adjusted.
 
A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.
 
Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic conditions and financial outlook in the country.
 
Changes in the interest lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency.
 
According to the analysis, pair is expected to find support at 1.33134, and a fall through could take it to the next support level of 1.32778. The pair is expected to find its first resistance at 1.33723, and a rise through could take it to the next resistance level of 1.33956.
 
USD CAD previous day range was 58.9 and current day range is 25.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Mar 07, 2019 9:24 am
Technical Overview of USD/JPY,
EUR/USD and GBP/USD Currency Pairs

USD JPY

The USD traded lower against the JPY and closed at 111.761.
 
Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
 
GDP growth can have a positive effect on yen quotes.
 
According to the Analysis, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.
 
Previous Day range was 3000 and Current Day Range is 1890.
 

EUR USD

The EUR traded higher against the USD and closed at 1.1306.
 
ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.
 
Cut in deposit rates may have a negative effect on EUR quotes.
 
Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.
 
GDP allows evaluating the rate of the economic growth and living standard of the population.
The growth of the indicator value can have a positive effect on euro quotes.
 
The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.
 
EUR USD previous Day range was 36.7 and Current Day Range is 12.6.
 
 
GBP USD

The GBP traded little higher against USD and closed at 1.3168.
 
Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.
 
The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.
 
The indicator growth can have a negative effect on US dollar quotes.
 
According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.
 
GBP USD previous day range was 56.1 and current day range is 16.6.
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ma1 Re: Daily Forex News By XtreamForex

on Fri Mar 08, 2019 8:03 am
Technical Overview of USD/CHF,
NZD/USD and AUD/USD Currency Pairs

USD CHF

The USD traded lower against the CHF and closed at 1.0113.
 
According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.
 
Previous Day range was 88.6 and Current Day Range is 14.1.
 

NZD USD

The NZD traded higher against the USD and closed at 0.6751.
 
The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.
 
NZD USD previous Day range was 46.9 and Current Day Range is 23.7.
 
 
AUD USD

The AUD traded little lower against USD and closed at 0.7015.
 
According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.
 
AUD USD previous day range was 46.5 and current day range is 22.2.
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ma1 Re: Daily Forex News By XtreamForex

on Mon Mar 11, 2019 7:57 am
Technical Overview of EUR/USD,
NZD/USD and USD/JPY Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1234.
 
Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
 
The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.
 
According to the Analysis, The pair is expected to find support at 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.
 
Previous Day range was 60.2 and Current Day Range is 14.
 

NZD USD

The NZD traded lower against the USD and closed at 0.6804.
 
Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.
 
The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.
 
The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.
 
NZD USD previous Day range was 62.4 and Current Day Range is 19.8.
 
 
USD JPY

The USD traded little lower against JPY and closed at 111.168.
 
According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.
USD JPY previous day range was 8510 and current day range is 2750.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Mar 12, 2019 8:10 am
Technical Overview of GBP/USD,
AUD/USD and USD/CHF Currency Pairs

GBP USD
 
The GBP traded higher against the USD and closed at 1.3149.
 
·         GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
·         The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.
 
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.
 
Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly also Thursday. There's no exact time for the vote but it will be after the debates, which usually end evening time in the UK. That puts a vote somewhere after 18/19 GMT or 2pm/3pm NY time. It could be even later but it shouldn't be earlier than 18 GMT. This week's vote will determine 3 things -

  1. Will the UK accept the EU's withdrawal agreement
  2. Will the UK rule out leaving with no deal
  3. Will Article 50 be extended?

According to the Analysis, The pair is expected to find support at 1.30160, and a fall through could take it to the next support level of 1.28829. The pair is expected to find its first resistance at 1.32251, and a rise through could take it to the next resistance level of 1.33011.
 
Previous Day range was 209.1 and Current Day Range is 139.3.

AUD USD

The AUD traded higher against the USD and closed at 0.7068.
 
FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
 
The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.
 
The pair is expected to find support at 0.70375, and a fall through could take it to the next support level of 0.70069. The pair is expected to find its first resistance at 0.70876, and a rise through could take it to the next resistance level of 0.71071.
AUD USD previous Day range was 50.1 and Current Day Range is 22.8.
 
 
USD CHF

The USD traded little higher against CHF and closed at 1.0105.
 
According to the analysis, pair is expected to find support at 1.00768, and a fall through could take it to the next support level of 1.00483. The pair is expected to find its first resistance at 1.01266, and a rise through could take it to the next resistance level of 1.01479.
 
USD CHF previous day range was 49.8 and current day range is 14.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Mar 13, 2019 9:30 am
Technical Overview of GBP/USD,
EUR/USD and USD/CAD Currency Pairs

GBP USD
 
The GBP traded higher against the USD and closed at 1.3068.
 
Overnight, it was another loss for UK Prime Minister May which now means lawmakers are likely to push for a delay to the 29 March deadline. However, 149-vote loss sets the bar seriously high for Theresa May to turn the tables around. 
 
Spring Forecast Statement is a statement made annually by HM Treasury to Parliament upon publication of economic forecasts.
 
The statement features analysis of the economic situation in the UK and in the world, describes economic outlooks and provides previews of the government budget for the next year.
 
The event has a short-term impact on financial markets depending on the HM Treasury rhetoric. Positive outlooks have a positive impact on the pound sterling.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.29535, and a fall through could take it to the next support level of 1.28386. The pair is expected to find its first resistance at 1.32341, and a rise through could take it to the next resistance level of 1.33998.
 
Previous Day range was 280.6 and Current Day Range is 30.6.

EUR USD

The EUR traded lower against the USD and closed at 1.1287.
 
The Nondefense Capital Goods Orders Excluding Aircraft, released by the US Census Bureau, measures the cost of orders received by manufacturers for capital goods (capital goods are durable goods used in the production of goods or services), which means goods planned to last for three years or more, excluding the defense and aircraft sectors. As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.
 
The pair is expected to find support at 1.12530, and a fall through could take it to the next support level of 1.12185. The pair is expected to find its first resistance at 1.13133, and a rise through could take it to the next resistance level of 1.13391.
 
EUR USD previous Day range was 60.3 and Current Day Range is 6.8.
 
 
USD CAD

The USD traded little higher against CAD and closed at 1.3353.
 
Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.
 
The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 1.33307, and a fall through could take it to the next support level of 1.33089. The pair is expected to find its first resistance at 1.33957, and a rise through could take it to the next resistance level of 1.34389.
 
USD CAD previous day range was 65 and current day range is 21.1.
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ma1 Re: Daily Forex News By XtreamForex

on Thu Mar 14, 2019 8:25 am
Technical Overview of USD/JPY,
AUD/USD and USD/CHF Currency Pairs

USD JPY
 
The USD traded higher against the JPY and closed at 111.137.
 
BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary policy used by the Bank of Japan to regulate the strength of its currency.
 
Interest rate growth can have a positive impact on yen quotes.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.941, and a fall through could take it to the next support level of 110.746. The pair is expected to find its first resistance at 111.396, and a rise through could take it to the next resistance level of 111.656.
 
Previous Day range was 4550 and Current Day Range is 4850.

AUD USD

The AUD traded lower against the USD and closed at 0.7093.
 
The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.
 
The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.
 
The pair is expected to find support at 0.70621, and a fall through could take it to the next support level of 0.70310. The pair is expected to find its first resistance at 0.71110, and a rise through could take it to the next resistance level of 0.71288.
 
AUD USD previous Day range was 48.9 and Current Day Range is 35.1.
 
 
USD CHF

The USD traded little higher against CHF and closed at 1.0036.
 
According to the analysis, pair is expected to find support at 1.00136, and a fall through could take it to the next support level of 0.99908. The pair is expected to find its first resistance at 1.00719, and a rise through could take it to the next resistance level of 1.01074.
 
USD CHF previous day range was 58.3 and current day range is 15.4.
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