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Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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.
Number of messages : 28
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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.
Number of messages : 28
Date of Entry : 2018-12-06
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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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ma1 Re: Daily Forex News By XtreamForex

on Fri Mar 15, 2019 9:59 am
Technical Overview of GBP/USD,
NZD/USD and USD/JPY Currency Pairs

GBP USD
 
The GBP traded higher against the USD and closed at 1.3239.
 
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.31853, and a fall through could take it to the next support level of 1.31319. The pair is expected to find its first resistance at 1.33140, and a rise through could take it to the next resistance level of 1.33893.
 
Previous Day range was 128.7 and Current Day Range is 49.9.

NZD USD

The NZD traded higher against the USD and closed at 0.6817.
 
BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.
 
The pair is expected to find support at 0.67951, and a fall through could take it to the next support level of 0.67735. The pair is expected to find its first resistance at 0.68518, and a rise through could take it to the next resistance level of 0.68869.
 
NZD USD previous Day range was 56.7 and Current Day Range is 30.3.
 
 
USD JPY

The USD traded little lower against JPY and closed at 111.693.
 
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, pair is expected to find support at 111.274, and a fall through could take it to the next support level of 110.855. The pair is expected to find its first resistance at 111.971, and a rise through could take it to the next resistance level of 112.249.
USD JPY previous day range was 6970 and current day range is 4020.
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ma1 Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pairs

on Mon Mar 18, 2019 8:14 am
EUR USD
 
The EUR traded higher against the USD and closed at 1.1324.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.12993, and a fall through could take it to the next support level of 1.12750. The pair is expected to find its first resistance at 1.13460, and a rise through could take it to the next resistance level of 1.13684.
 
Previous Day range was 46.7 and Current Day Range is 18.8.

USD CAD

The USD traded lower against the CAD and closed at 1.3341.
 
The pair is expected to find support at 1.32963, and a fall through could take it to the next support level of 1.32517. The pair is expected to find its first resistance at 1.33782, and a rise through could take it to the next resistance level of 1.34155.
 
USD CAD previous Day range was 81.9 and Current Day Range is 30.2.
 
 
AUD USD

The AUD traded higher against USD and closed at 0.7085.
 
According to the analysis, pair is expected to find support at 0.70652, and a fall through could take it to the next support level of 0.70456. The pair is expected to find its first resistance at 0.71007, and a rise through could take it to the next resistance level of 0.71166.
 
AUD USD previous day range was 35.5 and current day range is 36.8.
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ma1 Re: Daily Forex News By XtreamForex

on Tue Mar 19, 2019 12:31 pm
Technical Overview of AUD/USD,
USD/JPY and GBP/USD Currency Pairs

AUD USD
 
The AUD traded higher against the USD and closed at 0.7102.
 
The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.
 
Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 0.70803, and a fall through could take it to the next support level of 0.70583. The pair is expected to find its first resistance at 0.71218, and a rise through could take it to the next resistance level of 0.71413.
 
Previous Day range was 41.5 and Current Day Range is 21.6.

USD JPY

The USD traded lower against the JPY and closed at 111.425.
 
The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility.
 
Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).
 
The pair is expected to find support at 111.274, and a fall through could take it to the next support level of 111.123. The pair is expected to find its first resistance at 111.601, and a rise through could take it to the next resistance level of 111.777.
 
USD JPY previous Day range was 3270 and Current Day Range is 2850.
 
 
GBP USD

The GBP traded higher against USD and closed at 1.3252.
 
The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.
 
The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).
 
According to the analysis, pair is expected to find support at 1.31909, and a fall through could take it to the next support level of 1.31299. The pair is expected to find its first resistance at 1.33056, and a rise through could take it to the next resistance level of 1.33593.
 
GBP USD previous day range was 114.7 and current day range is 37.3.
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ma1 Re: Daily Forex News By XtreamForex

on Wed Mar 20, 2019 10:24 am
Technical Overview of EUR/USD,
USD/CHF and NZD/USD Currency Pairs

EUR USD
 
The EUR traded lower against the USD and closed at 1.1351.
 
This report, released by Federal Reserve, includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.
 
According to the Analysis, Four hour chart shows that the pair is expected to find support at 1.13357, and a fall through could take it to the next support level of 1.13202. The pair is expected to find its first resistance at 1.13639, and a rise through could take it to the next resistance level of 1.13766.
 
Previous Day range was 28.2 and Current Day Range is 13.9.

USD CHF

The USD traded higher against the CHF and closed at 0.9991.
 
Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.
 
The pair is expected to find support at 0.99791, and a fall through could take it to the next support level of 0.99668. The pair is expected to find its first resistance at 1.00092, and a rise through could take it to the next resistance level of 1.00270.
 
USD CHF previous Day range was 30.1 and Current Day Range is 13.8.
 
 
NZD USD

The NZD traded lower against USD and closed at 0.6853.
 
The Gross Domestic Product released by the Statistics New Zealand is a measure of the total value of all goods and services produced by New Zealand. The GDP is considered as a broad measure of New Zealand economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the NZD, while a falling trend is seen as negative (or bearish) for the NZD.
 
According to the analysis, pair is expected to find support at 0.68389, and a fall through could take it to the next support level of 0.68245. The pair is expected to find its first resistance at 0.68694, and a rise through could take it to the next resistance level of 0.68855.
 
NZD USD previous day range was 30.5 and current day range is 28.
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