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LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Thu Mar 31, 2016 11:15 am
EUR/USD: general review

Current trend
The pair continues growing amid weakening in the US Dollar.
At the same time, data published by Standard & Poor’s ratings services firm showed that the pace of growth of the eurozone economy could be lower than forecasted 1.8%, and reach only 1.5%. To some extent, this is the result of recent terrorist attacks that substantially decreased tourist trips to the Union, while tourism makes up nearly 10% of the EU GDP.

Support and resistance
Yesterday the pair retested the resistance level at 1.1375 but failed to overcome it again.
The nearest support level is at 1.1244.
The nearest resistance level is at 1.1337.

Trading tips
Short positions can be opened from the level of 1.1300 with the target at 1.1247 and stop-loss at 1.1337.

LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Fri Apr 01, 2016 3:20 pm
EUR/USD: general analysis

Current trend
The demand for the European currency can largely be explained by uncertainty over future monetary policy in the US. At the press conference on 29 March, the Fed Chair Janet Yellen noted the Regulator plans to increase interest rates gradually due to risks to global economic stability. As a result, the US Dollar came under pressure. One of the key macroeconomic indicators has recently been released in the US. Nonfarm Payrolls for March came in at 215K, down from the previous 242K, while analysts expected a fall to 205K.

Support and resistance
RSI shows the pair is overbought and suggests a correction is possible.
The nearest support level is at 1.1364.
The nearest resistance level is at 1.1492.

Trading tips
Long positions can be opened from the level of 1.1364 with the target at 1.1500 and stop-loss at 1.1330.

LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Mon Apr 04, 2016 12:58 pm
GBP/USD: back to decline

Current trend
On Friday the GBP/USD pair was moving actively down amid the publication of statistics for March on US labour market. However, it should be noted that the data was quite mixed.

In particular, Nonfarm Payrolls increased by 215K, lower than 245K in February but exceeding the forecast of 205K. Unemployment Rate was up by 0.1% and reached the key level of 5.0% while no changes were expected.
At the same time, ISM Manufacturing PMI grew from 49.5 to 51.8 points against the forecast of 50.7 points. ISM Prices Paid was up to 51.8 from 38.5 points.

Support and resistance

Bollinger Bands on the daily chart continues its flat dynamics. The price range shows almost no changes and remains wide enough for the current volatility. MACD is falling and keeping a moderate sell signal. Stochastic is moving down in the middle of the range.

The indicators recommend waiting for clearer trading signals.
Support levels: 1.4200, 1.4117, 1.4056 (24 March low), 1.4000 (strong psychological level near early march levels), 1.3914.
Resistance levels: 1.4241, 1.4300, 1.4350, 1.4394 (31 March level), 1.4435, 1.4461 (30 March high), 1.4513 (18 March high).

Trading tips
Long positions can be opened after the price breaks out the level of 1.4300 with targets at 1.4435, 1.4461 and stop-loss at 1.4240. Validity – 2-4 days.
Short positions can be opened after the price breaks down the level of 1.4200 with targets at 1.4100, 1.4056, 1.4000 and stop-loss at 1.4250, 1.4260. Validity – 2-4 days.


LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Tue Apr 05, 2016 3:18 pm
EUR/USD: general analysis

Current trend
Macroeconomic statistics, released in the US last week, had no influence on the EUR/USD pair. However, it should be noted the Labor Force Participation Rate reached 63% which is the highest level since 2014.
Donald Trump, a candidate for US President, believes the US economy is far from recovery. He suggests the real unemployment rate is higher than the official 5%. Moreover, the stock market is growing while corporate profits are falling. If the situation continues to worsen, the Fed can delay its rate increase that will affect the US currency.

Support and resistance
The pair is trading in a sideways channel the lower border of which is at the level of 1.1335 and the upper is at 1.1412.
The nearest support level is at 1.1335.
The nearest resistance level is at 1.1412.

Trading tips
Long positions can be opened from the level of 1.1412 with the target at 1.1545 and stop-loss at 1.1350.

LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Wed Apr 06, 2016 12:38 pm
AUD/USD: negative dynamics

Current trend
On Tuesday the AUD/USD pair closed with a decline to 29 March afternoon session lows. It should be noted trading activity was high due to numerous important macroeconomic releases.

In the morning session, the pair showed moderate growth after the results of the RBA monetary policy meeting were announced. Analysts’ expectations were confirmed, as the Regulator decided to keep interest rates unchanged at 2%.
However, macroeconomic statistics for February was a bit disappointing. Exports were down by 1% after a 1% growth in the previous month. Imports showed no changes compared with the previous decline of 1%. As a result, Australia’s trade deficit widened from 3156 AUD million to 3410 AUD million. Analysts expected the indicator to be up to -2600 AUD billion.

Support and resistance
Bollinger Bands on the daily chart is moving sideways while the price range is widening from the bottom. MACD is falling and keeping a relatively strong sell signal. Stochastic is approaching the border of the oversold zone.
The indicators recommend waiting for clearer trading signals.

Support levels: 0.7533, 0.7500 (28 April psychological level), 0.7476, 0.7426 (near 16 March low), 0.7400.
Resistance levels: 0.7567 (6 April morning session high), 0.7593, 0.7626, 0.7679 (17 March high), 0.7772 (31 March high), 0.7755, 0.7800.

Trading tips
Long positions can be opened if the price breaks out and consolidates above the level of 0.7593 (with appropriate indicators signals) with targets at 0.7679, 0.7722 and stop-loss at 0.7550. Validity – 2-3 days.

Short positions can be opened if the price breaks down the level of 0.7500 with the target at 0.7400 and stop-loss at 0.7533. Validity – 2-4 days.


LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Thu Apr 07, 2016 12:46 pm
USD/CAD: review and forecast

Current trend
Yesterday the US Dollar was losing its positions against the Canadian Dollar. Today attention needs to be paid to macroeconomic statistics from Canada and the US. Data on Building Permits for February is released in Canada at 2:30 pm (GMT+2). A high reading can strengthen the Canadian Dollar. A low reading, on the contrary, can weaken the national currency. Later on, market participant will be following data on Consumer Credit Change for February, due in the US at 9:00 pm (GMT+2).

Support and resistance
On the 4-hour chart, Bollinger Bands is directed horizontally. The price is moving between the middle and the lower MAs of the indicator.
Support levels: 1.3000, 1.2970, 1.2910.
Resistance levels: 1.3060, 1.3110, 1.3130, 1.3470, 1.3300, 1.3370.

Trading tips
Short positions can be opened at the current levels with the target at 1.3000 and stop-loss at 1.3060.
As an alternative, place pending buy orders at the level of 1.3000 with the target at 1.3060.

LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Fri Apr 08, 2016 3:30 pm
XAU/USD: general analysis

Current trend
The price of gold continues its upward trend. The precious metal is strengthening as the Federal Reserve can delay interest rate rise, the stock market is falling so are US bonds yields. Capital inflow in exchange traded funds remains high that also supports the price of gold.
On the other hand, gold purchases by the People’s Bank of China declined to 9 tonnes in March that is the lowest level since last year. However, the country is likely to continue increasing its gold reserves in order to diversify foreign-exchange holdings.

Support and resistance

RSI is giving no clear trading signals. Thus, it is recommended to place buy orders after the level of 1243.07 is broken out.
The nearest support level is at 1231.46.
The nearest resistance level is at 1243.07.

Trading tips
Long positions can be opened from the level of 1243.07 with the target at 1261.00 and stop-loss at 1235.00.

LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Mon Apr 11, 2016 3:53 pm
USD/JPY: technical analysis

USD/JPY, D1
On the daily chart, the pair is correcting up as it has formed four closes below the lower MA of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is trying to turn up near its strong support in the oversold zone. The Composite is trying to turn up as well.

USD/JPY, H4
On the 4-hour chart, the pair is correcting up towards the middle MA of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is forming a Bullish divergence with the price. The Composite is showing a similar behavior.

Key levels
Support levels: 107.59 (local lows), 107.23 (61.8% Fibonacci retracement for the long-term trend), 104.59 (2000 lows).
Resistance levels: 109.09 (local highs), 109.99 (61.8% retracement for the short-term trend), 110.85 (February lows).

Trading tips
Long positions can be opened from current prices with targets at 108.95, 109.75 and stop-loss at 107.55. Validity – 3-4 days.
Short positions can be opened from the level of 107.10 with the target at 104.89 and stop-loss at 107.82. Validity – 3-4 days.


LiteForexTeam
Number of messages : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Tue Apr 12, 2016 1:35 pm
GBP/USD: review and forecast

Current trend
This week, the Pound continues strengthening against the US Dollar. The pair has gained support amid expectations of relatively favorable statistics on the UK economy. Today the data showed the Consumer Price Index grew by 0.4% in monthly terms against the forecast of 0.3%. In annual terms, the indicator was up by 0.5% while analysts expected it to come in at 0.4%. As a result, the pair gained more than 200 points.
Today market participant will be following data from the US. In particular, Export and Import Prices Indices are due at 2:30 (GMT+2) and the Monthly Budget Statement is released at 8:00 pm (GMT+2).

Support and resistance
On the 4-hour chart, the price range of Bollinger Bands is widening. MACD histogram is in the positive zone; its volumes are growing.
Support levels: 1.4255, 1.4225, 1.4176, 1.4140.
Resistance levels: 1.4318, 1.4370, 1.4405, 1.4456.

Trading tips
Long positions can be opened after the level of 1.4318 is broken out with targets at 1.4370, 1.4405 and stop-loss at 1.4290.
Short positions can be opened after the price breaks down and consolidates below the level of 1.4255 with targets at 1.4225, 1.4176 and stop-loss at 1.4282.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed Apr 13, 2016 3:09 pm
USD/CAD: general analysis

Current trend
This week, the USD/CAD pair has been moving down. The downward dynamics has been developing amid expectations of important macroeconomic releases both in the US and Canada which can result in a trend reversal.
In the second half of the day, data on Retail Sales is due in the US. If the favorable forecast is confirmed, the US Dollar will gain support. Later on, the Bank of Canada announces its interest rate decision. Precise attention should also be paid to the Rate Statement and the subsequent Press Conference of the Regulator.

Support and resistance
Bollinger Bands on the daily chart is directed down while the price range is widening. The price broken down the lower MA of the indicator suggesting the downward trend is likely to continue. MACD histogram is in the negative zone; its volumes are growing. Stochastic is in the oversold zone and can turn up in the short run.
According to the indicators, short positions seem more preferable.
Support levels: 1.2636, 1.2552, 1.2279, 1.2133.
Resistance levels: 1.2928, 1.3053, 1.3221, 1.3286, 1.3417, 1.3585, 1.3856, 1.4106.

Trading tips
Long positions can be opened after the price breaks out the level of 1.3053 with targets at 1.3221, 1.3286 and stop-loss at 1.2780. Validity – 1-3 days.
Short positions can be opened at the current levels with targets at 1.2636, 1.2552 and stop-loss at 1.3053. Validity – 1-3 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu Apr 14, 2016 3:30 pm
AUD/USD: general analysis

Current trend
The data for March showed unemployment in Australia was down by 0.1% to 5.7%. A decline in unemployment rate indicates a favorable situation in the labour market and strengthens the national currency. The indicator of employment change exceeded the forecast and came in at 26.1K that suggests an increase in consumer spending and has a positive impact on economic growth. Amid these favorable statistics, the AUD/USD pair gained 70 points.
Data on Consumer Price Index are due today in the US. If favorable forecast is confirmed, a growth in the pair can slow down.

Support and resistance
On the 4-hour chart, the pair is trading between the upper and the middle MAs of Bollinger Bands. MACD histogram is in the positive zone; its volumes are growing. Stochastic is directed up near the border of the overbought zone.
Support levels: 0.7670, 0.7640, 0.7620, 0.7600, 0.7200, 0.7590, 0.7560, 0.7540, 0.7520, 0.7500.
Resistance levels: 0.7700, 0.7710, 0.7720, 0.7740.

Trading tips
After the price consolidates above the level of 0.7700, long positions can be opened from the level of 0.7710 with targets at 0.7750, 0.7800 and stop-loss at 0.7690.
Short positions can be opened from the level of 0.7670 with targets at 0.7640, 0.7620 and stop-loss at 0.7690.
Validity – 2-3 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Fri Apr 15, 2016 1:36 pm
USD/CAD: consolidation near local lows

Current trend
At the end of the week, the Canadian Dollar has been trading mixed against the US Dollar. Having reached new local lows on Wednesday, the pair has started correcting up amid the statements made by the Federal Reserve officials.
The results of the recent Bank of Canada monetary policy meeting had a high impact on the market. However, it should be noted the Canadian currency started strengthening some time after the results were released.
As expected, interest rates were kept unchanged at 0.5% as commodity markets instability affects the process of Canada’s economic recovery. At the same time, the regulator revised up its forecast for 2016 that can be explained by the recent growth in oil prices.

Support and resistance
Bollinger Bands on the daily chart is directed down while the price range is getting narrower. MACD is slightly growing and still keeping its sell signal. Stochastic is in the oversold zone and trying to turn up indicating the possibility of an upward correction in the short term.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.2800, 1.2744 (13 April low), 1.2700 (mid-July 2015 level), 1.2650.
Resistance levels: 1.2857, 1.2897 (14 April high), 1.2952, 1.3000 (11 April level), 1.3037, 1.3100, 1.3180 (7 April high), 1.3218 (5 April high), 1.3300.

Trading tips
Long positions can be opened after the price rebounds at the level of 1.2800 (with appropriate indicators signals) with the target at 1.3000 and stop-loss at 1.2740.
Short positions can be opened after the level of 1.2744 is broken down with targets at 1.2650, 1.2600 and stop-loss at 1.2800.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Mon Apr 18, 2016 12:36 pm
GBP/JPY: general analysis

Current trend
At the beginning of the trading week, the GBP/JPY pair has been correcting amid expectations of important macroeconomic releases.
Data on adjusted merchandise trade balance is due in Japan on Wednesday. Analysts predict the indicator will grow from 242.8 billion to 834.6 billion. Thus, Japan is expected to post a trade surplus of almost 600 billion that will have a positive impact on the economy and the national currency. Moreover, attention needs to be paid to data on unemployment in the UK. An expected decline in the Claimant Count Change will support the country’s economy and strengthen the Pound. If the indicator remains unchanged or grows, the Pound is likely to come under pressure, and the GBP/JPY pair can substantially weaken.

Support and resistance
On the daily chart, the pair is trading between the middle and the lower MAs of Bollinger Bands. MACD histogram is in the negative zone and is giving a weak buy signal. Stochastic is falling in the middle of its range.
In general, the indicators are giving a weak sell signal.
Support levels: 151.81, 149.92, 147.93, 145.08.
Resistance levels: 153.45, 155.74, 157.21, 159.34, 162.29, 163.60, 165.40.

Trading tips
Long positions can be opened from the level of 157.21 with targets at 162.29, 163.60 and stop-loss at 153.45. Validity – 3-5 days.
Short positions can be opened from the level of 151.81 with targets at 147.93, 145.08 and stop-loss at 157.21. Validity – 2-4 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue Apr 19, 2016 3:10 pm
XAU/USD: general analysis

Current trend
Despite unsuccessful negotiations in Doha, the price of gold has been growing since the opening of the trading session today. The growth is supported by weak data on the US economy, released last week, and uncertainty over future rate increases in the country. The uncertainty has risen due to recent statement made by the Fed representative William Dudley. Today attention needs to be paid to data on Building Permits for March, published in the US.

Support and resistance
On the daily chart, Bollinger Bands is directed horizontally while the price range is widening. MACD histogram remains in the positive zone and is keeping a weak sell signal. Stochastic is moving in the middle of its range.
The indicators recommend waiting for clearer trading signals.
Support levels: 1233.23, 1223.81, 1215.29, 1209.17, 1201.53, 1194.97, 1190.38.
Resistance levels: 1248.06, 1256.58, 1261.50, 1267.31, 1278.95, 1282.59.

Trading tips
Short positions can be opened after the level of 1233.23 is broken down with the target at 1209.17 and stop-loss at 1248.06. Validity – 1-3 days.
Long positions can be opened at the current levels with targets at 1256.58, 1261.50 and stop-loss at 1233.23. Validity – 1-3 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed Apr 20, 2016 3:34 pm
AUD/USD: review and forecast

Current trend
The pair continues growing amid strengthening in oil prices and the publication of strong macroeconomic statistics in Australia at the beginning of the week. The New Motor Vehicle Sales grew by 2.2% against the previous month that indicates that the consumer confidence is increasing.
Today attention needs to be paid to data on the EIA Crude Oil Stocks change in the US. A lower reading could support the pair.

Support and resistance
The pair is consolidating near the level of 0.7820. In the nearest term, the price could decline to the level of 0.7730, but the main upward trend will remain. A trend change would be possible after a price consolidation below the lower border of the ascending channel.
Support levels: 0.7730, 0.7640, 0.7590.
Resistance levels: 0.7850, 0.7900, 0.7930.

Trading tips
Short positions can be opened after the price consolidation below the level of 0.7790 с with the target at 0.7735 and stop-loss at 0.7810.
Long positions can be opened from the level of 0.7800 with targets at 0.7850, 0.7900 and stop-loss at 0.7740.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu Apr 21, 2016 3:15 pm
GBP/AUD: general analysis

Current trend
This week, the pair remains under pressure due to weak statistics from the UK and a series of favorable news from Australia. Yesterday morning, data on Claimant Count Change showed a growth by 6.7K while analysts expected the indicator to be down by 10K.
Today attention needs to be paid to data on Retail Sales, due in the UK, and speech given by Mark Carney, Governor of the Bank of England.

Support and resistance
On the daily chart, Bollinger Bands is declining. The pair is trading down in the lower part of the price range. MACD histogram is in the negative zone, and its volumes are falling. Stochastic is near the 20 mark.
According to the indicators, short positions are more preferable.
Support levels: 1.8265, 1.8094, 1.7841, 1.7737, 1.7175.
Resistance levels: 1.8494, 1.8622, 1.8769, 1.8889, 1.8950, 1.9072, 1.9239, 1.9513, 1.9663.

Trading tips
Long positions can be opened from the level of 1.8622 with the target at 1.8950 and stop-loss at 1.8494. Validity – 3-5 days.
Short positions can be opened from the level of 1.8265 with the target at 1.8094 and stop-loss at 1.8494. Validity – 3-5 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Fri Apr 22, 2016 3:51 pm
USD/CAD: general review

Current trend
Yesterday the pair substantially strengthened amid the publication of labour market data in the US. Initial Jobless Claims unexpectedly fell to 247 thousands while economists predicted a growth to 263 thousands. In addition, the number of Continuous Claims shrank by almost 40 thousands.
Today attention needs to be paid to data on the Consumer Price Index in Canada and Markit PMI’s in the US.

Support and resistance
On the 4-hour chart, the pair is trading in the upper Bollinger band while the price range narrowed, which indicates that the trend will likely change in the nearest future. MACD histogram is in the negative zone and its volumes are growing. Stochastic has left the overbought zone suggesting a fall continuation.
The indicators recommend short positions.
Support levels: 1.2691, 1.2644, 1.2619, 1.2591.
Resistance levels: 1.2752, 1.2764, 1.2794, 1.2855, 1.2889, 1.2944, 1.2993.

Trading tips
Long positions can be opened after the breakout of the level of 1.2764 with the target at 1.2855 and stop-loss at 1.2691. Validity – 1-2 days.
Short positions can be opened from the level of 1.2691 with the target at 1.2619 and stop-loss at 1.2752. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Mon Apr 25, 2016 10:29 am
GBP/USD: review and forecast

Current trend

On Monday the GBP/USD pair opened with a gap up at 1.4462 and then corrected down to the level of 1.4420.

Support and resistance
The price range of Bollinger Bands is widening. The pair broke out the upper MA but then returned into the range and may continue moving down towards the middle MA of the indicator.

Support levels: 1.4420, 1.4370, 1.4330, 1.4280.
Resistance levels: 1.4490, 1.4550.

Trading tips
Short positions can be opened at the current levels with targets at 1.4370, 1.4280 and stop-loss at 1.4490.

Pending buy orders can be placed above the level of 1.4490 with the target at 1.4550 and stop-loss at 1.4220.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue Apr 26, 2016 10:59 am
EUR/JPY: fall resumed

Current trend
Yesterday the pair resumed its fall after some strengthening in the previous week.
The Euro was pressured by weak data from Germany where the IFO Business Climate in April fell from 106.7 to 106.6 points, while experts predicted a growth to 107.0 points. Furthermore, the IFO Expectations came out worse than forecasts as well amounting to 100.4 points.  
At the same time, the Yen remains under pressure prior to the Bank of Japan Interest Rate Decision. According to expectations, the Japanese regulator could proceed with further monetary policy easing.

Support and resistance
Bollinger Bands on the daily chart is moving horizontally while the price range is widening. However, the price is trading above its upper border thus indicating the possibility of a downward correction. MACD is growing and giving a buy signal. Stochastic continues growing while in the overbought zone.
The indicators recommend waiting for clearer trading signals.
Support levels: 125.00 (local low), 124.22, 123.57 (21 April low), 123.06, 122.54, 122.07, 121.71 (18 April low).
Resistance levels: 125.53 (local high), 126.16, 126.62, 127.30, 128.21 (31 March high), 128.75.

Trading tips
Long positions can be opened after the breakout of the level of 125.53 with targets at 126.16, 126.62 and stop-loss at 124.70. Validity – 2-3 days.
Short positions can be opened after the breakdown of the level of 125.00 with the target at 123.00 and stop-loss at 125.53. Validity – 2-3 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed Apr 27, 2016 3:22 pm
USD/CAD: general review

Current trend
Yesterday the pair continued falling amid the publication of poor macroeconomic statistics in the US. Durable Goods Orders grew by 0.8% while economists forecasted a 1.8% growth, while the S&P/Case-Shiller Home Price Indices grew by 5.4% that was also worse than forecasts. In addition, the Consumer Confidence fell to 64.2 points, against the forecasted 96.0 points.

Today extra attention needs to be paid to the US Fed Interest Rate Decision. According to forecasts, there will be no changes in monetary policy.

Support and resistance
On the 4-hour chart, the pair is trading in the lower Bollinger band, while bands are directed down and widening. MACD histogram is in the negative zone, giving a sell signal. Stochastic is giving a buy signal.

Support levels: 1.2574, 1.2548.
Resistance levels: 1.2633, 1.2656, 1.2717, 1.2742, 1.2779, 1.2822, 1.2896.

Trading tips
Short positions can be opened from current prices with targets at 1.2574, 1.2548 and stop-loss at 1.2633. Validity – 1-2 days.

Long positions can be opened after the breakout of the level of 1.2656 with targets at 1.2742, 1.2779 and stop-loss at 1.2633. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu Apr 28, 2016 12:01 pm
EUR/USD: general review

Current trend
The pair continues growing amid weakening in the US Dollar, which was slightly pressured by yesterday’s Fed Interest Rate Decision.

As was expected, the rate remained unchanged. The statement, however, did not contain any hints on its possible increase at the July meeting. At the same time, employment in the US keeps growing that will later accelerate wages and inflation growth. In addition, strengthening oil prices will increase inflationary pressures as well. Therefore, the possibility of the next interest rate hike in the nearest term is quite high.

Support and resistance
The pair continues trading in the ascending channel.
The nearest support level is at 1.1295.
The nearest resistance level is at 1.1342.

Trading tips
Long positions can be opened from the level of 1.1342 with the target at 1.1386 and stop-loss at 1.1325.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Fri Apr 29, 2016 11:50 am
NZD/USD: general review

Current trend
The New Zealand Dollar was significantly supported by the RBNZ decision to keep its key interest rate unchanged at the current 2.25%, which allowed the pair to strengthen by more than 180 points. In addition, the pair was supported by today’s data on the ANZ Business Confidence. In March, the index grew from 3.2 to 6.2 points.

Today attention also needs to be paid to data on Personal Income and Personal Spending in the US. According to forecasts, indices will grow that might support the US Dollar.

Support and resistance
On the 4-hour chart, the pair is growing along the upper MA of Bollinger Bands. MACD histogram is in the positive zone and its volumes are growing. Stochastic is falling after it has left the overbought zone.

Support levels: 0.6960, 0.6930, 0.6915, 0.6885, 0.6850, 0.6820, 0.6800.
Resistance levels: 0.6980, 0.7000, 0.7040, 0.7070.

Trading tips
Long positions can be opened from the level of 0.7000 with targets at 0.7040, 0.7070 and stop-loss at 0.6980. Validity – 1-3 days.
Short positions can be opened from the level of 0.6960 with targets at 0.6915, 0.6885 and stop-loss at 0.6980. Validity – 1-3 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Mon May 02, 2016 3:38 pm
AUD/USD: general review

Current trend
Last week the pair significantly fell amid the publication of weak data on the Consumer Price Index in Australia. In the first quarter, the index fell by 0.2% while economists forecasted a 0.3% growth.

At the same time, the pair was supported by today’s data on TD Securities Inflation from Australia that showed a 0.1% growth in the index. Today attention also needs to be paid to data on the Markit and ISM Manufacturing PMI’s from the US. Data above the forecasts might support the US Dollar.

Support and resistance
On the 4-hour chart, the pair is trading in the upper Bollinger band. MACD histogram is in the negative zone and its volumes are almost not changing. Stochastic is growing.

Support levels: 0.7610, 0.7580, 0.7560, 0.7540, 0.7500.
Resistance levels: 0.7640, 0.7650, 0.7670, 0.7700, 0.7725, 0.7750, 0.7780, 0.7830.

Trading tips
Long positions can be opened from the level of 0.7650 with targets at 0.7700, 0.7750 and stop-loss at 0.7610. Validity – 1-2 days.
Short positions can be opened from the level of 0.7610 with targets at 0.7580, 0.7560 and stop-loss at 0.7630. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue May 03, 2016 12:01 pm
GBP/USD: general review

Current trend
The pair continues growing amid strengthening in the GPB. The Pound is supported by a substantially increased probability that the UK will remain in the European Union. According to the latest survey, the number of those ready to vote for staying in the EU exceeds the number of supporters of country’s exit.

In addition, the Pound was supported by the Bank of England decision to leave unchanged its key interest rate and the size of its quantitative easing program. At the same time, consumer inflation remains far from the Bank’s target of 2%, so in the nearest future monetary policy will stay easy.

Support and resistance
The price broke out the upper border of the sideways channel and is currently consolidating above it.
The RSI reached the 70 mark suggesting the possibility of a downward correction.

The nearest support level is at 1.4694.
The nearest resistance level is at 1.4755.

Trading tips
Short positions can be opened from the level of 1.4735 with the target at 1.4690 and stop-loss at 1.4755.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed May 04, 2016 11:24 am
NZD/USD: general review

Current trend
Yesterday the pair significantly fell amid the publication of weak statistics on manufacturing production in China. In addition, the pair was pressured by today’s labour market data from New Zealand, where the Unemployment Rate grew from 5.3% to 5.7% while economists predicted a growth to 5.5%.

Today attention also needs to be paid to data on the ADP Employment Change and Trade Balance in the US. According to forecasts, the trade balance deficit will shrink to 41.5 billion USD, while the number of employed will amount to 196 thousands. The data could provide additional support to the US Dollar.

Support and resistance
On the 4-hour chart, the pair is falling along the lower MA of Bollinger Bands. MACD histogram is near the zero line. Stochastic is turning up in the oversold zone.

Support levels: 0.6885, 0.6850, 0.6820, 0.6800.
Resistance levels: 0.6915, 0.6930, 0.6960, 0.6980, 0.7000, 0.7040, 0.7070.

Trading tips
Long positions can be opened from current prices with targets at 0.6930, 0.6960, 0.6980 and stop-loss at 0.6870. Validity – 1-2 days.
Short positions can be opened from the level of 0.6860 with targets at 0.6820, 0.6800 and stop-loss at 0.6885. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu May 05, 2016 1:54 pm
USD/JPY: general analysis

Current trend
Yesterday the USD/JPY pair strengthened. The American currency was supported by favorable macroeconomic statistics, released in the US in the afternoon. In particular, the US trade deficit shrank from $47.00 billion to $40.40 billion, exceeding the forecast of $41.50 billion. Moreover, ISM Non-Manufacturing PMI was up from 54.7 to 55.7 points.

On Friday dynamics in the pair can be influenced by data on Unemployment Rate and Nonfarm Payrolls, due in the US.

Support and resistance
On the 4-hour chart, the pair is correcting at the upper MA of Bollinger Bands. The indicator is directed horizontally while the price range is widening. MACD histogram is in the negative zone; its volumes are falling. The indicator is forming a buy signal. Stochastic has turned down in the overbought zone.

The indicators recommend waiting for clearer trading signals.

Support levels: 106.90, 106.62, 106.24, 106.02, 105.71.
Resistance levels: 107.56, 107.97, 108.40, 108.91, 109.31.

Trading tips
Short positions can be opened after the level of 106.62 is broken down with the target at 105.71 and stop-loss at 106.90. Validity – 1-2 days.
Long positions can be opened after the level of 107.56 is broken out with the target at 107.97 and stop-loss at 106.90. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue May 10, 2016 2:48 pm
EUR/USD: Euro remains under pressure

Current trend
Last Friday the pair significantly grew amid the publication of weak data on the US labour market, but closed near its opening levels on the day. The US Nonfarm Payrolls for April came out at 160 thousands, which was 40 thousand worse than expectations of economists.

At the same time, the Dollar was supported by data on the Average Weekly Hours and Average Hourly Earnings that showed moderate growth. In addition, the Consumer Credit Change in March increased from 14.14 to 29.67 billion Dollars that was substantially better than the forecasts.

Support and resistance
Bollinger Bands on the daily chart is moving horizontally while the price range remains unchanged. MACD is falling and giving a moderate sell signal. Stochastic is in the oversold zone and continues falling.

The indicators recommend waiting for clearer trading signals.

Support levels: 1.1379 (local low), 1.1339, 1.1321, 1.1300 (28 April low), 1.1269, 1.1233, 1.1200 (29 March low), 1.1143.
Resistance levels: 1.1400 (local high), 1.1437, 1.1464, 1.1500 (4 May high), 1.1541, 1.1577, 1.1615 (3 May high).

Trading tips
Long positions can be opened after the price rebound from the level of 1.1400 with targets at 1.1500, 1.1541 and stop-loss at 1.1350. Validity – 2-3 days.
Short positions can be opened after the breakdown of the level of 1.1379 with targets at 1.1300, 1.1269 and stop-loss at 1.1437. Validity – 2-3 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue May 10, 2016 3:56 pm
USD/CAD: general review

Current trend
Since the middle of last week, the pair was growing amid publications of poor macroeconomic statistics in Canada. The Trade Balance deficit increased from 2.47 to 3.41 billion Canadian Dollars, while the Net Employment Change declined by 2.1 thousands, which was substantially worse than forecasts.

Today attention needs to be paid to data on the JOLTS Jobs Opening in the US. The index is expected to fall from 5.445 to 5.412 thousands that might pressure the pair.

Support and resistance
On the 4-hour chart, the pair is trading in the upper Bollinger band, while bands are directed up and the price range is expanding. MACD histogram is in the positive zone and its volumes are stable. Stochastic is trying to turn up.

The indicators recommend long positions.

Support levels: 1.2937, 1.2906, 1.2841, 1.2794, 1.2698, 1.2640, 1.2574, 1.2538, 1.2492.
Resistance levels: 1.2967, 1.3018, 1.3056, 1.3084, 1.3125.

Trading tips
Long positions can be opened from current prices with the target at 1.3018 and stop-loss at 1.2937. Validity – 1-2 days.

Short positions can be opened after the price rebound from the level of 1.3018 with targets at 1.2906 and stop-loss at 1.3056. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed May 11, 2016 2:49 pm
EUR/USD: technical analysis

EUR/USD, D1

On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is trying to turn up in the Bullish zone above the 50 mark. The Composite is trying to turn up as well.

EUR/USD, H4

On the 4-hour chart, the pair is trying to break out the middle MA of Bollinger Bands. The price remains on the level with its moving averages that are directed horizontally. The RSI is growing having formed a Bullish divergence with the price. The Composite developed a larger upward move suggesting limited growth potential in the pair.

Key levels

Support levels: 1.1357 (local lows), 1.1219 (end of April lows), 1.1139 (end of March lows).

Resistance levels: 1.1466 (psychologically important level), 1.1532 (February 2015 lows), 1.1602 (local highs).

Trading tips

Short positions can be opened from the level of 1.1350 with the target at 1.1234 and stop-loss at 1.1385. Validity – 2-3 days.

Long positions can be opened from the level of 1.1476 with targets at 1.1522, 1.1582 and stop-loss at 1.1450. Validity – 2-3 days.


LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu May 12, 2016 3:35 pm
EUR/USD: general analysis

Current trend

Since the opening of the European trading session, the EUR/USD pair has been declining. The European currency remains under pressure, as Italy’s banking system is facing difficulties due to the increased number of bad loans. Many commercial banks need additional capital, and shares in Banco Popolare, one of Italy’s largest banks, lost 14 percent.

Weak data on the eurozone’s industrial production has had a negative impact on the Euro as well. The indicator came in at -0.8%, far below analysts’ forecast.

Support and resistance

RSI has reached the 36 level, and the pair still has potential for further fall. A correction can start from the level of 1.1364.

The nearest support level is at 1.1364.

The nearest resistance level is at 1.1449.

Trading tips

Long positions can be opened from the level of 1.1364 with the target at 1.1400 and stop-loss at 1.1345.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Fri May 13, 2016 1:57 pm
USD/JPY: general review

Current trend
The pair continues consolidating after a significant growth at the beginning of the week.
Data on the Tertiary Industry Index for March that was published today in Japan showed a decline of 0.7%, while experts anticipated a 0.2% fall, which slightly pressured the Yen. Today attention also needs to be paid to data on Retail Sales in the US. According to forecasts, indices will show growth that might provide additional support to the pair.

Support and resistance
On the 4-hour chart, the pair continues sideways movement along a narrow channel formed of the borders of Bollinger Bands, and is currently trading on the middle MA of the indicator. MACD histogram is in the positive zone and its volumes are falling.
Support levels: 108.90, 108.50, 108.10, 107.65, 107.00, 106.50, 105.75, 105.35.
Resistance levels: 109.35, 110.00, 110.30, 110.75, 111.00, 111.25, 111.60, 112.00.

Trading tips
Long positions can be opened from the level of 109.00 with the target at 109.35 and stop-loss at 108.90. Validity – 1-2 days.
Short positions can be opened from the level of 108.50 with the target at 108.10 and stop-loss at 108.70. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Tue May 17, 2016 12:07 pm
USD/CAD: general review

Current trend
Since the beginning of last week, the pair is in consolidation having fallen by 50 points for the week. At the same time, yesterday the fall continued amid the publication of weak data in the US and due to uncertainty regarding the pace of interest rates hikes in the US.

Today attention needs to be paid to data on Building Permits and the Core Consumer Price Index in the US. According to forecasts, the indices will grow that might support the US Dollar.

Support and resistance
On the 4-hour chart, the pair is trading on the middle MA of Bollinger Bands and the bands are directed horizontally. MACD histogram is near the zero line. Stochastic turned up as it bounced off the border of the oversold zone.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.2851, 1.2825, 1.2800, 1.2780.
Resistance levels: 1.2880, 1.2906, 1.2933, 1.2961, 1.2979, 1.3001.

Trading tips
Long positions can be opened from current prices with targets at 1.2933, 1.2961 and stop-loss at 1.2851. Validity – 1-2 days.
Short positions can be opened after the price rebound from the level of 1.2880 with targets at 1.2825, 1.2800 and stop-loss at 1.2906. Validity – 1-2 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Wed May 18, 2016 2:17 pm
USD/JPY: general review

Current trend

Yesterday the pair slightly strengthened amid the publication of strong statistics in the US. The Consumer Price Index grew by 0.4% while economists predicted a growth of 0.3%. In addition, the Consumer Price Index n.s.a increased to 239.260 and Housing Starts grew to 1.172 million.

At the same time, the Yen was supported by today’s data on the Japanese GDP. In the first quarter, the index came out at 1.7%, instead of a forecasted 0.2% growth.
Today attention also needs to be paid to the FOMC Minutes in the US.

Support and resistance

On the 4-hour chart, the pair is trading near the upper MA of Bollinger Bands. MACD histogram is in the positive zone and its volumes are minimal. Stochastic is growing.

Support levels: 109.35, 108.90, 108.50, 108.10, 107.65, 107.00, 106.50, 105.75, 105.35.
Resistance levels: 109.65, 110.00, 110.30, 110.75, 111.00, 111.25, 111.60, 112.00.

Trading tips

Short positions can be opened from the level of 109.30 with targets at 109.00, 108.50 and stop-loss at 109.45. Validity – 1-3 days.

Long positons can be opened from the level of 109.65 with targets at 110.00, 110.30 and stop-loss at 109.50. Validity – 1-3 days.

LiteForexTeam
Number of messages : 349
Points : 1090
Date of Entry : 2015-11-13
Year : 56

Re: Forex Analysis by LiteForex

on Thu May 19, 2016 10:47 am
AUD/JPY: pair is falling

Current trend
The pair continues falling amid a large number of macroeconomic publications in Japan and Australia.
The Yen was supported by strong data on the Japanese GDP. In the first quarter of the year, the index grew by 1.7% that substantially exceeded forecasts of economists of a 0.2% growth. At the same time, the Australian Dollar was pressured by weak data on the labour market of the country. The Employment Change increased by 10.8 thousands, which was worse than expectations of experts who predicted a 12.5 thousands growth, and worse than the previous figure of 25.7 thousands. However, the Unemployment Rate did not show an expected increase and remained unchanged.

Support and resistance
Bollinger Bands on the daily chart is turning horizontally while the price range is narrowing. MACD is growing and giving a weak buy signal. Stochastic turned sideways near the middle of its range.
The indicators recommend waiting for clearer trading signals.
Support levels: 79.20 (local low), 78.62 (16 May low), 78.16 (6 May low), 77.57 (11 February low).
Resistance levels: 79.52 (local high), 80.00 (psychologically important level), 80.34, 80.64 (11 May high), 81.00, 81.60, 82.00 (29 April high), 82.45, 83.00.

Trading tips
Long positions can be opened after the price consolidation above the level of 80.00 with targets at 81.00, 81.60 and stop-loss at 79.50. Validity – 2-3 days.
Short positions can be opened after the breakdown of the level of 78.62 with targets at 77.57, 77.00 and stop-loss at 79.20. Validity – 2-4 days.


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