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LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Wed Jan 20, 2016 11:23 am
XAG/USD: technical analysis

XAG/USD, D1
On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal.

XAG/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains below the EMA100 and EMA144, but above the EMA50, all directed horizontally. MACD histogram is in the positive zone and its volumes are very low. DI lines are moving down, while ADX is horizontal.

Key levels
Support levels: 14.00, 13.85, 13.67.
Resistance levels: 14.15, 14.39, 14.75, 14.99, 15.28, 15.51, 16.15, 16.34.

Trading tips
Pending sell orders can be placed at the level of 14.15 with targets at 14.00, 13.85 and stop-loss at 14.30. Validity – 1-2 days.
Pending buy orders can be placed at the level of 13.85 with the target at 14.25 and stop-loss at 13.67. Validity – 1-2 days.


LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Wed Jan 20, 2016 1:49 pm
USD/CAD: pair growth and oil prices fall

Current trend
The Bank of Canada holds its monetary policy meeting today. As BoC Governor Stephen Poloz has repeatedly stated, the Regulator aims at keeping loose monetary policy and considers a possibility of a rate cut to -0.5%.
The Canadian currency is declining against the US Dollar amid a sharp fall in oil prices. On Tuesday, the International Energy Agency reported oil supply might increase by 1.5 barrels per day in next six month. Moreover, oil prices are under pressure due to unfavorable conditions in global stock markets, China's stock market crash in particular.
In the given situation, the Bank of Canada might choose to wait on the sidelines and keep its interest rate on hold at 0.5% that, however, is unlikely to strengthen the national currency.

Support and resistance
Since the beginning of the year, USD/CAD pair has grown by more than 800 points.
OsMA and Stochastic on all timeframes, from 4-hour to monthly, recommend long positions. Any decline in the pair should be seen as a short-term correction.
Support levels: 1.4575, 1.4565, 1.4500, 1.4450, 1.4400.
Resistance levels: 1.4700.

Trading tips
Buy Stop orders can be placed at the level of 1.4710 with targets at 1.4800, 1.4900 and stop-loss at 1.4670.
Sell Stop orders can be placed at the level of 1.4550 with targets at 1.4450, 1.4400 and stop-loss at 1.4580.


LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Thu Jan 21, 2016 2:34 pm
EUR/USD: general review

Current trend
Yesterday the pair fell amid growing anxiety on the market due to declining oil prices. In addition, the Euro remained under pressure prior to the ECB Interest Rates Decision that is due later today. The decision could significantly affect dynamics in the pair.
At the same time, the pair was supported by data on the Consumer Price Index from the US that came out worse than expectations. In December, the index fell by 0.1%.

Support and resistance
On the daily chart, the pair is trading along the middle MA of Bollinger Bands. Moving averages with 50, 100 and 144 periods remain above the price and directed horizontally. MACD histogram is near the zero line and its volumes are very low. DI lines are moving in opposite directions, while ADX is horizontal.
Support levels: 1.0863, 1.0770 (middle MA of Bollinger Bands), 1.0613, 1.0525 (beginning of December 2015 lows).
Resistance levels: 1.0900, 1.0915, 1.0945, 1.0995, 1.1057 (middle of December 2015 highs).

Trading tips
Long positions can be opened from the level of 1.0915 with targets at 1.0945, 1.0995 and stop-loss at 1.0900. Validity – 1-2 days.
Short positions can be opened from the level of 1.0863 with targets at 1.0802, 1.0770 and stop-loss at 1.0890. Validity – 1-2 days.

LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Thu Jan 21, 2016 5:27 pm
AUD/USD: growth might resume

Current trend
On Thursday, the AUD/USD pair tested the level of 0.6950, the 23.6% Fibonacci correction level. The Australian currency managed to strengthen when the US released not so favorable December’s data on inflation. Though Consumer Price Index came in at 0.7% in annual terms, it was 0.1% below the forecast. In monthly terms, the indicator was down to -0.1%. However, the pair is still under pressure from a gradual slowdown in China’s economy as the country is the largest trading partner of Australia.

Support and resistance
The pair is heading to 0.6895, the middle MA of Bollinger Bands. The breakdown of this level allows the pair to continue falling to 0.6835 and 0.6800. Alternatively, if the price turns up and overcomes the 23.6% Fibonacci level, it might grow further to 0.7020 and 0.7080.
Generally, according to technical indicators, the pair tends to grow. Bollinger Bands indicator is turning up. MACD histogram is in the negative zone, its volumes are falling. Only Stochastic lines have crossed each other and turned down, forming a sell signal.
Support levels: 0.6950, 0.7020, 0.7080.
Resistance levels: 0.6895, 0.6835, 0.6800.

Trading tips
Long positions are preferable and can be opened from the level of 0.6950 with targets at 0.7020, 0.7080. Moreover, Buy Limit orders can be placed at the level of 0.6895 with the target at 0.6950.
If the price consolidates below the level of 0.6895, short positions can be opened with targets at 0.6835 and 0.6800.

LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Fri Jan 22, 2016 12:18 pm
XAU/USD: general review

Current trend
The price of gold continues growing amid yesterday’s news regarding a possibility of the QE program expansion by the ECB. In the nearest future, the price is likely to grow to the level of 1112.50 where the pair traded at high volumes. After that, the price will fall.

Support and resistance
The RSI is below the 70 mark indicating that the growth can continue to the level of 1115.00.
Support levels: 1074.52 (moving average with 200 period).
Resistance levels: 1112.50.

Trading tips
Short positions can be opened from the level of 1112.50 with the target at 1074.80 and stop-loss at 1114.00.
Long positions can be opened after the price consolidation above the level of 1114.00.

LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Fri Jan 22, 2016 2:32 pm
USD/JPY: no change in trend yet

Current trend
A growth in stock indices followed ECB President Mario Draghi comments on future monetary policy in the eurozone. Japanese stock index NikkeiStockAverage also gained support when an aide to Japanese Prime Minister pointed out that further easing of monetary policy is necessary. Together with the index, the USD/JPY pair is growing as well. If the Bank of Japan introduces additional stimulus measures, the pair will manage to gain back its recent losses.
Today, attention needs to be paid to Markit Manufacturing PMI for January and CB Leading Indicator for December, due in the US. If the indicators come in above the forecast, the USD/JPY pair will strengthen.

Support and resistance
During the Asian session, the USD/JPY pair grew by 30 points from the level of 117.70 and continues moving up, having strengthened above the level of 118.20.
OsMA and Stochastic on the 4-hour and daily charts recommend long positions. However, as long as the price remains below the level of 118.80, no significant growth is expected.

Trading tips
Long positions can be opened from the level of 118.40 with targets at 118.80, 119.20, 119.65, 120.00, 120.55 and stop-loss at 117.80.
Short positions can be opened from the level of 117.30 with targets at 117.00, 116.50, 116.10 and stop-loss at 117.80.


LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Mon Jan 25, 2016 10:21 am
USD/CAD: pair fell

Current trend
In the end of last week, the pair significantly fell amid substantial growth in oil prices.
In addition, the Canadian Dollar was supported by strong macroeconomic data from Canada. Retail Sales in November 2015 grew by 1.7% while economists predicted a 0.2% growth. At the same time, the Consumer Price Index in December grew by 1.6%, against a 1.4% growth in the previous month that was, however, slightly worse than forecasts. Similar index by the Bank of Canada in December fell by 0.4% that was also a little worse than expectations.

Support and resistance
Bollinger Bands on the daily chart turned horizontally while the price range is narrowing. MACD is falling and giving a very strong sell signal. Stochastic reached its critical level in the oversold zone thus limiting further fall potential.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.4100 (local low), 1.4050, 1.4000 (psychologically important level), 1.3915, 1.3850, 1.3780, 1.3700.
Resistance levels: 1.4169 (local high), 142.00, 1.4245, 1.4315 (21 January high), 1.4400, 1.4450, 1.4500, 1.4609, 1.4700 (20 January high).

Trading tips
Long positions can be opened after the price rebound from the level of 1.4100 (with the appropriate indicators signals) with targets at 1.4200, 1.4250 and stop-loss at 1.4000. Validity – 1-2 days.
Short positions can be opened after the breakdown of the level of 1.4100 with the target at 1.4000 and stop-loss at 1.4150. Validity – 1-3 days.


LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Tue Jan 26, 2016 3:39 pm
USD/JPY: ahead of BoJ meeting
 
Current trend
On Friday, the Bank of Japan releases its decisions on interest rates and quantitative and qualitative monetary easing programme. Last week, BoJ Governor stated the Regulator will not hesitate to adjust policy as needed to achieve the inflation target of 2%.
Amid a slowdown in Japan’s economic growth and, therefore, different approaches to monetary policy in the US and Japan, the USD/JPY pair is likely to grow in the medium term.
 
Support and resistance
By the opening of the European session, the USD/JPY pair declined by almost 50 points, but then managed to gain back some of its losses, having found a support at 117.90 (EMA200, EMA144 on the hourly chart, EMA50 on the 4-hour chart).
OsMA and Stochastic on the monthly chart recommend short positions. The indicators on the daily chart are giving sell signals; on the weekly chart, they have started turning to long positions as well. However, according to the indicators on the 4-hour chart, the USD/JPY pair is likely to continue moving down in the short term.
After the breakdown of the support levels of 117.90 (EMA200, EMA144 on the hourly chart, EMA50 on the 4-hour chart) and 117.40, a decline will continue towards 116.00 (lower border of a descending channel on the daily chart).
As an alternative scenario, the price might overcome the resistance levels of 118.70 (EMA144), 119.20 (EMA200 on the 4-hour chart) and continue growing towards 120.00 (EMA200 on the daily chart), 120.55 (61.8% Fibonacci and ЕМА144 on the daily chart).
Support levels: 117.90, 117.40, 117.00.
Resistance levels: 118.70, 119.20, 120.00, 120.55.
 
Trading tips
Long positions can be opened from the level of 118.40 with targets at 118.70, 119.20, 120.00, 120.50 and stop-loss at 117.80.
Short positions can be opened from the level of 117.30 with targets at 117.00, 116.50, 116.10 and stop-loss at 117.70.


LiteForexTeam
Broj poruka : 349
Date of Entry : 2015-11-13

Re: Forex Analysis by LiteForex

on Tue Jan 26, 2016 4:54 pm
NZD/USD: investors waiting for interest rates decisions
 
Current trend
This week, the NZ Dollar, like other commodity currencies, is losing its positions again, following a decline in the price of oil. The price of oil is under pressure from concerns that an oversupply of the global oil market might deepen.
On Wednesday, market participants will turn their attention to the publications of interest rate decisions in the US and New Zealand. Further dynamics in the NZD/USD pair will largely depend on these releases.
 
Support and resistance
The pair is trading at the middle MA of Bollinger Bands, 0.6480. The breakout of this level leads to a growth to 0.6540. Otherwise, the price might decline back to 0.6420. In the short term, the pair is likely to remain within the range of 0.6540-0.6420.
Technical indicators give mixed signals. Bollinger Bands are directed horizontally. MACD histogram is about to enter the negative zone and form a sell signal. Stochastic is directed up.
Support levels: 0.6420, 0.6370.
Resistance levels: 0.6480, 0.6540, 0.6625.
 
Trading tips
Long positions can be opened from the level of 0.6490 with the target at 0.6540. Pending sell orders should be placed at the level of 0.6540 with targets at 0.6480 and 0.6420.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Jan 27, 2016 10:43 am
EUR/USD: general review
 
Current trend
The pair continues growing amid some weakening in the USD.
The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would significantly support the pair.
 
Support and resistance
Support levels: 1.0787 (active trade), 1.0820.
Resistance levels: 1.0977, 1.1370.
 
Trading tips
Long positions can be opened from the level of 1.0820 with the target at 1.1370 and stop-loss at 1.0780.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Jan 27, 2016 2:43 pm
USD/CHF: waiting for the Fed decision
 
Current trend
Today the pair is falling amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. Experts do not expect the rate to be hiked. At the same time, investors will focus their attention on commentaries by the regulator, in which there could be announced that monetary policy tightening is going to be delayed that would substantially pressure the pair.
 
Support and resistance
On the hourly, 4-hour and weekly charts, the pair is moving along ascending channels.
A downward correction can continue to the levels of 1.0120 (middle of the channel on the 4-hour chart), 1.0100 (ЕМА50), 1.0040 (ЕМА144, lower border of the channel), 1.0000 (ЕМА50 on the daily chart). From further fall the pair is prevented by support levels at 0.9855 (ЕМА144 on the daily chart), 0.9830 (December 2015 lows).
At the same time, a consolidation above the level of 1.0195 would send the pair towards 1.0400 (upper border of the channel on the weekly chart).
On the 4-hour and daily charts, OsMA and Stochastic signal sales.
Support levels: 1.0120, 1.0100, 1.0040, 1.000, 0.9975, 0.9830, 0.9765.
Resistance levels: 1.0195, 1.0400.
 
Trading tips
Pending sell orders can be placed at the level of 1.0130 with targets at 1.0100, 1.0040, 1.0000, 0.9855 and stop-loss at 1.0160.
Pending buy orders can be placed at the level of 1.0185 with targets at 1.0200, 1.0260, 1.0300 and stop-loss at 1.0140.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Jan 28, 2016 10:55 am
XAG/USD: technical analysis
 
XAG/USD, D1
On the daily chart, the pair is trading above the upper MA of Bollinger Bands. The price remains below the EMA100 and EMA144, both directed horizontally. MACD histogram is in the positive zone, its volumes are insignificant. The DI lines are directed down; ADX is growing.
 
XAG/USD, H4
On the 4-hour chart, the pair is trading in the area of the upper MA of Bollinger Bands. The price remains above the EMA50, EMA100 and EMA144, all directed up. MACD histogram is in the positive zone. The DI lines are moving in different directions; ADX is falling.
 
Support and resistance
Support levels: 14.37, 14.25, 13.99, 13.78, 13.68.
Resistance levels: 14.52, 14.70, 14.95, 15.28, 15.51, 16.13, 16.34.
 
Trading tips
Long positions can be opened from the level of 14.52 with targets at 14.70, 14.95 and stop-loss at 14.37.
Short positions can be opened from the level of 14.37 with targets at 14.25, 14.00 and stop-loss at 14.50.
Validity – 1-2 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Jan 28, 2016 2:32 pm
USD/JPY: general review
 
Current trend
The pair continues growing even though the Fed at yesterday’s meeting left the interest rate unchanged.
At the same time, the Bank of Japan is expected to expand its stimulation program to reach the inflation target of 2% that would lead to further fall in the Yen. Furthermore, cheaper national currency would allow increasing Japanese exports and making them more competitive, that would have a positive effect on the economy.
According to forecasts, the pair can grow to the level of 125.00.
 
Support and resistance
Support levels: 117.85.
Resistance levels: 119.10.
 
Trading tips
Open long positions from the level of 119.20 with the target at 122.35 and stop-loss at 118.90.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Tue Feb 02, 2016 2:45 pm
EUR/USD: general review

Current trend
Today the pair continued growing despite the publication of mixed data in the eurozone. The Producer Price Index for December fell to -0.8% that was substantially worse than forecasts of economists. At the same time, the Unemployment Rate slightly fell as well, from 10.5% to 10.4%. Therefore, continuous decline in prices could force the ECB to expand its stimulation program or cut interest rates further, either of which would significantly pressure the Euro.

Support and resistance
Support levels: 1.0894.
Resistance levels: 1.0943.

Trading tips
Short positions can be opened from the level of 1.0943 with the target at 1.0890 and stop-loss at 1.0955.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Feb 03, 2016 10:19 am
AUD/USD: pair resumed fall

Current trend
Yesterday the pair significantly fell after the RBA decision on interest rates. As was expected, the regulator left the rate unchanged at 2%.
At the same time, in its Rate Statement the regulator noted that it does not rule out further monetary policy easing this year if the economy continues slowing down due to the outside factors. It also noted that inflation is likely to remain very low in the medium-term.

Support and resistance
Bollinger Bands on the daily chart is moving up while the price range is narrowing. MACD is turning down and forming a sell signal. Stochastic is falling.
The indicators recommend short positions.
Support levels: 0.7015 (local low), 0.6981, 0.6936, 0.6900 (21 January low), 0.6875, 0.6850, 0.6826 (15 January low).
Resistance levels: 0.7045 (local high), 0.7068, 0.7100, 0.7128 (local high), 0.7158, 0.7183, 0.7200 (5 January high).

Trading tips
Short positions can be opened after the breakdown of the level of 0.7015 with the target at 0.6900 and stop-loss at 0.7060. Validity – 2-3 days.
Long positions can be opened after the price rebound from the level of 0.7015 (with the appropriate indicators signals) with the target at 0.7100 and stop-loss at 0.6960. Validity – 2-3 days.

Analytics from LiteForex


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Feb 04, 2016 9:55 am
USD/CAD: pair is falling

Current trend
Yesterday the pair significantly declined amid growing oil prices that were supported by strong data on the Caixin China Services PMI.
In addition, the pair was pressured by mixed data from the US. The ADP Employment Change for January came out at 205 thousands that was better than forecasts but substantially worse than the previous figure. The Markit Services PMI for January fell from 53.7 to 53.2 points, which did not match the expectations.
Tomorrow attention needs to be paid to labour market data from the US and Canada.

Support and resistance
Bollinger Bands on the daily chart is moving down while the price range is slowly widening. MACD continues growing. Stochastic is in the oversold zone and trying to turn up.
The indicators recommend waiting for clearer trading signals.
Support levels: 1.3780 (local low), 1.3700, 1.3650, 1.3622 (10 December 2015 low), 1.3554, 1.3500.
Resistance levels: 1.3850 (local high), 1.3900, 1.3947, 1.4000 (psychologically important level), 1.4050, 1.4100 (local high), 1.4169, 1.4200, 1.4325 (26 January high).

Trading tips
Long positions can be opened after the breakout of the level of 1.3780 with the target at 1.4000 and stop-loss at 1.3700. Validity – 2-3 days.
Short positions can be opened after the breakdown of the level of 1.3700 with targets at 1.3550, 1.3500 and stop-loss at 1.3760. Validity – 2-3 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Mon Feb 08, 2016 1:04 pm
USD/CHF: Franc continues growing

Current trend
Last week the pair significantly fell.
The pair was pressured by the latest Fed monetary policy meeting that substantially decreased chances of further interest rate hikes in the US. In addition, the USD was pressured by poor data on the Nonfarm Payrolls that fell from 262 to 151 thousands, while economists predicted 190 thousands. However, the Unemployment Rate unexpectedly fell by 0.1% to 4.9%, while Average Hourly Earnings grew by 0.5%.

Support and resistance
Bollinger Bands on the daily chart is turning down while the price range is widening. At the same time, the indicator formed a signal for correctional growth as the price has left the range. MACD is falling and giving a strong sell signal. Stochastic is in the oversold zone and turning horizontally.
The indicators recommend waiting for clearer trading signals.
Support levels: 0.9920 (local low), 0.9900, 0.9879 (11 January low), 0.9851 (24 December low), 0.9818, 0.9800, 0.9784 (14 December low).
Resistance levels: 0.9956 (local high), 1.0000 (psychologically important level), 1.0032, 1.0067, 1.0100, 1.0123 (3 February high), 1.0166, 1.0200, 1.0254 (29 January high), 1.0281.

Trading tips
Long positions can be opened after the breakout and consolidation above the level of 1.0000 (with the appropriate indicators signals) with the target at 1.0100 and stop-loss at 0.9960. Validity – 2-4 days.
Short positions can be opened after the price rebound from the level of 1.0000 with the target at 0.9900 and stop-loss at 1.0050. Validity – 2-3 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Tue Feb 09, 2016 10:46 am
EUR/USD: general analysis

Current trend

The European currency was strengthening against the US Dollar. The pair gained support from Iran’s decision to replace the US Dollar with the Euro in its oil sales. Moreover, Teheran has required buyers of its oil to pay their debts in euros as well. Thus, India, which owes about $6 billion, has already reached an agreement on this issue with Iran. In this situation, the demand for the Euro might increase, and the currency is likely to continue strengthening.

Support and resistance

Support level: 1.1105.
Resistance level: 1.1246.

Trading tips

Long positions can be opened from the level of 1.1246 with the target at 1.1370 and stop-loss at 1.1200.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Feb 10, 2016 12:52 pm
EUR/USD: general analysis

Current trend

The EUR/USD pair is trading near the important resistance level of 1.1230 (4/8 Murrey), after the breakdown of which, the pair continues declining to 1.1060 (MA200).

The European currency is under pressure from concerns about future of Deutsche Bank. The bank owns a capital of about $60 billion and has about $75 trillion in derivatives, so the bank’s debt is incredibly high. Thus, one of Germany’s largest and systematically important banks might repeat Lehman Brothers’s fate. ECB is likely to support such a large bank, but panics might trigger another fall in the European currency and European indices.

Support and resistance

Support level: 1.1230.
Resistance level: 1.1353.

Trading tips

Short positions can be opened from the level of 1.1230 with the target at 1.1108 and stop-loss at 1.1250.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Feb 10, 2016 4:17 pm
AUD/USD: technical analysis

Current trend

This week, the AUD/USD pair was falling and reached its three week low at 0.6972. However, a correction started, the level of 0.7078, where the middle MA of Bollinger Bands and the 38.2% Fibonacci correction have concentrated, was broken out. At present, the pair is likely to strengthen to 0.7136 (23.6% Fibonacci correction) and 0.7160 (upper MA of Bollinger Bands). At the same time, the Head and Shoulders pattern seems to be forming that indicates a possibility of a fall from 0.7136 and 0.7160 to 0.7032 (50.0% correction), 0.6986 (61.8% correction) and 0.6937.

Support and resistance

Technical indicators are giving mixed signals. Bollinger Bands are turning down, limiting a growth in the pair. MACD histogram is about to enter the positive zone and form a buy signal. Stochastic lines have started turning down near the overbought zone.

Support levels: 0.7078, 0.7032, 0.6986, 0.6937.
Resistance levels: 0.7136, 0.7160, 0.7229, 0.7300.

Trading tips

Short positions are preferable but can be opened below the level of 0.7078 with targets at 0.7032, 0.6986 and stop-loss at 0.7110.
Long positions would become valid in case of the consolidation above the level of 0.7160 with targets at 0.7229, 0.7300 and stop-loss at 0.7130.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Feb 11, 2016 12:10 pm
Brent: analysis and forecast

Current trend

Since the beginning of the week, the price of Brent crude oil has been gradually falling. Yesterday, the Energy Information Administration reported a decline by 754K barrels in US crude oil stocks; however, the price of oil did not manage to get any support. Despite a general decline in US crude inventories, investors were disappointed by the news about an increase at the country’s biggest oil storage hub in Cushing. According to the statistics, Cushing stocks rose by 0.5 million barrels to 64.7 million barrels that put the price of oil under more pressure.

Support and resistance

On the 4-hour chart, Bollinger Bands are directed down. MACD histogram is in the negative zone, its volumes are growing. According to the indicators, the price will continue moving down.

Support levels: 30.20, 29.20, 28.20.
Resistance levels: 31.84, 32.30, 32.90, 33.90.

Trading tips

Short positions can be opened after the breakdown of the level of 30.20 with the target at 29.20. If the price breaks down and consolidates below the level of 29.20, the next target will be 28.20.

Long positions can be opened after the breakout of the level of 31.84 with targets at 32.30, 32.90.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Fri Feb 12, 2016 11:19 am
EUR/USD: general review

Current trend

The pair continues strengthening amid falling stock markets and weakening in the US Dollar. The Dollar was pressured by Fed Chair Janet Yellen testimony before the US Congress, after which the probability of further rate hikes significantly decreased. In addition, the head of the regulator stated that rate cuts remain a possibility if the situation requires this measure. And considering declining major macroeconomic indices and low inflation in the country, and the slowing Chinese economy, a possibility of this scenario exists.

Support and resistance

Support levels: 1.1224.
Resistance levels: 1.1321.

Trading tips

Long positions can be opened from the level of 1.1224 with the target at 1.1380 and stop-loss at 1.1185.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Mon Feb 15, 2016 3:11 pm
XAU/USD: growth will continue

Current trend
Since the beginning of this year, the price of gold substantially strengthened.
The price was significantly supported by a crash of the world stock markets that reduced the appetite for risk and forced investors to switch into safe-haven assets, such as gold.
In addition, the price was supported by the weakened US Dollar that remains under pressure due to the significantly lowered probability of further monetary policy tightening in the US this year.

Support and resistance

In the beginning of the month, the price broke out the upper border of a descending channel. In the short-term, a downward correction to the levels of 1174.50, 1153.85 is expected, after which a growth will resume.
Technical indicators suggest a growth continuation in the medium-term. MACD histogram is in the positive zone and its volumes are growing. Ichimoku point out to the growth as well.
Support levels: 1207.65, 1198.70, 1194.00, 1186.85, 1174.05, 1153.85, 1145.10.
Resistance levels: 1213.85, 1224.70, 1235.05, 1242.80, 1257.80, 1264.00.

Trading tips
Pending buy orders can be placed at the levels of 1186.85, 1153.85, 1145.10 with the target at 1300.00 and stop-loss at 1120.00.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Tue Feb 16, 2016 4:01 pm
GBP/USD: triangle has been formed; breakout of the upper border is expected

Current trend

During several months, the British Pound was falling against the US Dollar. However, at the beginning of February, the GBP/USD pair started growing within a narrow ascending channel and reached the key resistance level of 1.4670. For the last few days, the pair has been trading in a sideways channel and forming a triangle pattern.

Today, ahead of the macroeconomic releases, the Pound gained support and strengthened to the upper border of the triangle. However, later on, amid negative data on Consumer Price Index and Retail Price Index, released in the UK, the pair fell to the lower border. Key statistics for the UK and the US which might influence dynamics in the pair are due tomorrow and at the end of the trading week.

Support and resistance

If the lower border of the triangle is broken down, the pair would fall to 1.4180. In case of favorable data on the UK, the price might overcome the upper border and continue growing to 1.4670 and 1.4775.

According to technical indicators, the pair is likely to keep moving up. The price reached the middle MA of Bollinger Bands. MACD shows that volumes of short positions are falling.

Support levels: 1.4425, 1.4335, 1.4285, 1.4180, 1.4100, 1.4050, 1.3970.
Resistance levels: 1.4510, 1.4565, 1.4600, 1.4670, 1.4740, 1.4775, 1.4915, 1.5020.

Trading tips

Pending sell orders can be placed at the level of 1.4390 with the target at 1.4290 and stop-loss at 1.4420.
Pending buy orders can be placed at the level of 1.4530 with the target at 1.4630 and stop-loss at 1.4500.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Feb 17, 2016 11:25 am
Brent: general analysis

Current trend

Top oil producers – Russia, Qatar, Saudi Arabia and Venezuela – have agreed to freeze oil output at 11 January level. This decision might help to tackle an oversupply of the global oil market. Thus, the price of oil has its chance to strengthen to $40 per barrel. However, at the same time, there is a lack of clear understanding of how long the agreement will last and whether the countries will strictly follow all its conditions.

Support and resistance

The price is trading slightly below the MA200.
The nearest support level is at 32.00.
The nearest resistance level is at 32.50.

Trading tips

Short positions can be opened from the level of 32.00 with the target at 30.47 and stop-loss at 32.20.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Feb 18, 2016 12:06 pm
AUD/JPY: Australian Dollar resumed growth

Current trend

Yesterday the pair strengthened amid growing prices for commodities.
Supportive news that hit the markets yesterday were that Iran agreed to the proposal by few OPEC member-countries to freeze current output levels of oil. The country, however, did not specify the dates when restrictions will come into effect.
At the same time, the Yen remains under pressure after the last week’s rally as investors are worrying that the Bank of Japan may intervene in the market should the Yen continues strengthening.

Support and resistance

Bollinger Bands on the daily chart is moving down while the price range is narrowing. MACD is growing and giving a quite strong buy signal. Stochastic reached the overbought zone and trying to turn down.
The indicators recommend waiting for clearer trading signals.
Support levels: 81.00 (local low), 80.34 (local low), 80.00, 79.20, 77.57 (11 February low).
Resistance levels: 82.06 (local high), 82.41 (16 February high), 83.00, 83.62, 84.46, 85.00 (4 February high), 85.69, 86.00, 86.35 (29 January high).

Trading tips
Long positions can be opened after the price consolidation above the level of 82.06 (with the appropriate indicators signals) with targets at 83.50, 84.50, 85.00 and stop-loss at 81.00. Validity – 2-4 days.
Short positions can be opened after the breakdown of the level of 80.34 with targets at 78.00, 77.50 and stop-loss at 81.00. Validity – 2-4 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Fri Feb 19, 2016 11:52 am
AUD/USD: analysis and forecast

Current trend

During the Asian session, the AUD/USD pair fell to the level of 0.7100. The Australia Dollar was losing its positions after RBA board member John Edwards stated the national currency is too strong. In his opinion, a more comfortable level for the AUD/USD pair would be 0.6500.

The Australian currency came under pressure amid the publication of labour market report. In January, Unemployment Rate in Australia was slightly up to 6.0% from 5.8%; Employment Change fell by 7.9K while analysts forecasted a 15K rise.
Today, attention needs to be paid to data on inflation in the US. Consumer Price Index is expected to remain unchanged. In case of a growth in the indicator, the USD might strengthen.

Support and resistance

At present, the pair is trying to break down the level of 0.7100. The Bulls are getting less active.
Support levels: 0.7100, 0.7050, 0.7000.
Resistance levels: 0.7240, 0.7180, 0.7140.

Trading tips

Short positions can be opened below the level of 0.7090 with targets at 0.7050, 0.7000 and stop-loss at 0.7110.
Long positions can be opened from the level of 0.7140 with the target at 0.7200 and stop-loss at 0.7110.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Tue Feb 23, 2016 12:58 pm
EUR/USD: general analysis

Current trend

The EUR/USD pair continues falling. The European currency is under pressure from Germany’s macroeconomic releases. IFO Expectations indicator came below the forecast, having fallen to 98.8 points. The statistics have raised concern that the eurozone’s largest economy is experiencing a slowdown.
Today, attention needs to be paid to data on Consumer Confidence, due in the US. If the indicator exceeds 97 points, the Euro is likely to continue its decline.

Support and resistance

RSI has reached the 30 level, indicating the price is approaching the overbought zone and can turn down from the current levels 1.0990-1.0970.
The nearest support level is 1.0991.
The nearest resistance level is 1.1052.

Trading tips

Short positions can be opened from the level of 1.0980 with the target at 1.0950 and stop-loss at 1.1000.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Feb 24, 2016 10:52 am
AUD/USD: review and forecast

Current trend

During the Asian session, the AUD fell to the level of 0.7170. The pair was moving down amid the publication of macroeconomic data on Australia.
In particular, analysts expected Wage Price Index to remain unchanged both on the quarterly and annual bases. However, the index was down to 0.5% from 0.6% and to 2.2% from 2.3%, respectively. The indicator of Construction Work Done fell by 3.6% in the fourth quarter against an expected decline by 2.0%.

Support and resistance

The pair continues trading within an ascending channel. The price rebounded down from the upper border 0.7240 and tested the level of 0.7170. Trading volumes have fallen that indicates the Bears are getting less active.
Support levels: 0.7170, 0.7140, 0.796.
Resistance levels: 0.7240, 0.7300, 0.7400.

Trading tips

Short positions can be opened below the level of 0.7170 with targets at 0.7140, 0.7100 and stop-loss at 0.7200.
Long positions can be opened above the level of 0.7240 with targets at 0.7300, 0.7400 and stop-loss at 0.7210.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Thu Feb 25, 2016 10:41 am
EUR/JPY: pair remains under pressure

Current trend

The European currency is losing positions against the Japanese Yen amid a very low appetite for risk. On Wednesday, the pair reached its lows since April 2013, having fallen to the level of 122.45.
The Euro came under moderate pressure from recent macroeconomic data. In particular, France’s Consumer Confidence fell to 95 in February from 97 that is the lowest reading for the last six months.
At the same time, Japan’s statistics did not manage to support the national currency. Thus, Coincident Index was down to 110.9 points in December from 111.9 points.

Support and resistance

Bollinger Bands indicator on the daily chart is directed down. The price range tends to narrow down reflecting correctional dynamics in the pair. MACD has started growing but is still keeping a sell signal. Stochastic is in the oversold zone and trying to turn up indicating an upward correction in the pair.
The indicators recommend waiting for clearer trading signals.
Support levels: 123.57, 123.06 (23 February low), 122.45 (24 February low).
Resistance levels: 124.22, 125.00, 125.77, 126.16, 126.62 (18 February level), 127.30, 128.17 (16 February high), 128.75, 129.13.

Trading tips

Long positions can be opened after the consolidation above the level of 125.00 with targets at 126.60, 127.00 and stop-loss at 124.20. Validity – 2-3 days.
Short positions can be opened if the price turns down at the level of 125.00 with the target at 122.45 and stop-loss at 125.50. Validity – 2-3 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Fri Feb 26, 2016 1:37 pm
GBP/USD: general review

Current trend

The pair continues trading in a downward trend having lost around 2% of the value since the beginning of the year.

The Pound is substantially pressured by the possibility of a British exit from the European Union. The pressure was magnified because of the statements by the number of UK’s politicians who supported the decision to leave the EU. Current situation is likely to last until 23 June when the referendum on the matter is due in the UK.

In addition, the pair is pressured by significantly lowered probability of monetary policy tightening in the UK due to weak macroeconomic statistics that come out in the country lately.

Support and resistance

The nearest support level is at 1.3876.
The nearest resistance level is at 1.4059.

Trading tips

Short positions can be opened from the level of 1.4059 with the target at 1.3876 and stop-loss at 1.4100.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Mon Feb 29, 2016 1:49 pm
GBP/USD: general review

Current trend
Last week the pair significantly fell having lost around 400 points and reached its March 2009 lows.
The pair was substantially pressured by strong data from the US on the GDP for the fourth quarter of 2015 and Personal Consumption Expenditure – Price Index. Furthermore, UK’s data on the Total Business Investment and Consumer Confidence came out worse than expectations, which added to the pressure on the pair.
Today attention needs to be paid to data on Pending Home Sales for January from the US.

Support and resistance
On the 4-hour chart, the pair is trading near the lower MA of Bollinger Bands. Moving averages with 50, 100 and 144 periods remain above the price and directed down. MACD histogram is in the negative zone and its volumes are barely changing. ADX indicates a fall in the price, while DI lines are crossing each other and heading in opposite directions.
Support levels: 1.3841.
Resistance levels: 1.3878, 1.3923, 1.3965, 1.4025, 1.4070, 1.4107.

Trading tips
Short positions can be opened from the level of 1.3840 with targets at 1.3800, 1.3760 and stop-loss at 1.3870. Validity – 1-2 days.
Long positons can be opened from the level of 1.3920 with the target at 1.3960 and stop-loss at 1.3900. Validity- 1-2 days.

LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Tue Mar 01, 2016 11:04 am
XAG/USD: growth resumed

Current trend
On Monday, the price of silver grew slightly, having moved up from its recent lows reached at the end of the previous week. Presently, the price is growing within an upward correction, but analysts keep positive outlook. Negative dynamics in stock markets and not so strong positions of the US currency allow prices of commodity assets to grow.
In particular, Chicago purchasing managers' index was down to 47.6 points in February from 55.6 points, while analysts forecasted a decline to only 53.0 points.

Support and resistance
Bollinger Bands indicator on the daily chart is turning down while the price range is narrowing down again. MACD keeps its strong upward trend. Stochastic has reached the border of the oversold zone and is trying to turn horizontally.
The indicators recommend waiting for clearer trading signals.
Support levels: 14.78, 14.60 (29 February low), 14.48, 14.40, 14.30, 14.18, 14.00 (22 January low), 13.90.
Resistance levels: 14.92, 15.07, 15.15, 15.29, 15.44, 15.57 (24 February high), 15.84, 16.00, 16.10, 16.34.

Trading tips
Long positions can be opened if the price breaks out the levels of 15.00, 15.07 (with appropriate indicator signals) with targets at 15.44, 15.57, 15.84 and stop-loss at 14.75. Validity – 2-4 days.
Short positions can be opened if the price turns down near the level of 15.00 with the target at 14.60 stop-loss at 15.30, 15.40. Validity – 2-3 days.


LiteForexTeam
Broj poruka : 349
Points : 1031
Date of Entry : 2015-11-13
Godina : 56

Re: Forex Analysis by LiteForex

on Wed Mar 02, 2016 11:52 am
AUD/USD: pair is growing

Current trend
Since the beginning of the week, the pair is growing amid positive commentaries by RBA Governor Glenn Stevens. According to the head of the regulator, the Australian economy is likely to be on the rise at present. Furthermore, inflation in the country remains near its targets thus allowing for additional stimulation measures should they be required.
The pair was also supported by strong GDP data for the fourth quarter of 2015 from Australia. The index showed a 3.0% growth, which was significantly better than expectations.

Support and resistance
Bollinger Bands on the daily chart is moving up while the price range remains unchanged. MACD resumed its growth and formed a buy signal. Stochastic is growing as it bounced off the oversold zone.
The indicators recommend long positions.
Support levels: 0.7200 (local low), 0.7186, 0.7158, 0.7128, 0.7100, 0.7068 (19 February low), 0.7045, 0.7000, 0.6973 (9 February low).
Resistance levels: 0.7242 (local high), 0.7258 (23 February high), 0.7282, 0.7300, 0.7327 (31 December high).

Trading tips
Long positions can be opened after the breakout and consolidation above the level of 0.7258 with targets at 0.7300, 0.7350, 0.7400 and stop-loss at 0.7220. Validity – 2-4 days.
Short positions can be opened after the price rebound from the level of 0.7258 with targets at 0.7150, 0.7100 and stop-loss at 0.7300. Validity – 2-4 days.


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