{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Daily Market Analysis from ForexMart
NZD/USD Technical Analysis: January 8, 2018

The New Zealand dollar was able to break higher upon the opening session on Monday, however, took a reversal throughout the week to move lower and fill the gap. In line with this, a sufficient support was seen and bounced to the upside. The day closed with a slight formation of a hammer pattern, which implies that buyers will return to the market.

It is possible that the Kiwi dollar will resume driving near the top of the overall consolidation zone, marked on the chart around 0.75 area. The 0.68 region below is considered highly supportive and basically the “floor” in the NZD/USD pair.

It remains to be seen prior shorting this market despite the noticeable breakdown underneath the bottom of the hammer for the week appears to be negative. But 0.70 level seems to be supportive which requires some time before taking long positions.

In case that commodity markets would rally in general, the upward trend would likely to continue. However, the current situation is slightly overbought which could possibly be followed by a pullback that should only offer value going forward. This is because the American currency was very weak versus other currencies. The market remains to have plenty of noise but a significant amount of bullish pressure is expected in order to continue moving forward. The highs will be tested again and will eventually break out.
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
GBP/USD Fundamental Analysis: January 9, 2018

The GBP/USD pair trades around a tight range yesterday considering the fact that consolidation period is already expected in the markets. The US dollar remained unchanged, as it traded initially for the week, the course showed mainly about trade positioning and the price action was monitored by the market participants which limits market’s actions.

The British economy is predicted to recover if the Brexit process will flow according to the plan. The economic data issued from the United Kingdom last week was choppy and should be regarded as an indication for negotiators about the importance of Brexit talks to go as planned r else it might bring adverse effect for the UK economy. This was avoided almost be everyone since uncertain UK economy is far from the goal of international leaders. With this, the leaders of Euro and the UK will be responsible for this and should outline some good trade agreement for both sides.

On the other hand, the United States are waiting for the incoming data because the figures sent last week was choppy and obscure. The market expects for a three-time rate hike this 2018, however, the new Fed Chair Jerome Powell will take over in February and it remains uncertain about his plans and the way he works. Hence, this could lead to some risks for the dollar and the American economy as well. The Federal Reserve and the upcoming data should coincide in order to drive away this concept, resulting in stability for the dollar which is essential for the world economy.

Generally, there are no fundamentals or economic data from the UK or the US for today but the ranging between the levels of 1.35 and 1.36 should resume in order to engage more participants, particularly the day traders.
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
GBP/USD Fundamental Analysis: January 16, 2018

There is a hint of bullishness in yesterday’s trading session of the pound since there is no fundamental news to affect the market aside from the bank of the holiday in the U.S. As a result, the pound bulls have become relax in trading. Most likely, this is one of the reasons why the pair has been steady in the past few days but failed to break the level of 1.38 amid the weakness of the dollar.

Other than that, it could possibly be because of a big news expected to come this week, particularly the inflation data and retail sales data. Traders and investors anticipate the data prior to positioning themselves to any direction. The incoming data from the U.K. came out stronger which brought choppiness to trading while others came in weak, which has brought further uncertainty to the Brexit negotiations and affect the U.K. economy.

Yet, the pound was able to take advantage of euro strengthening and the weakening of the dollar. Although, this may not last for a long time. More importantly, the pound is beginning to gain momentum to move higher regardless of its condition. Also, rate hikes from the U.K. are also becoming an issue after its one rate hike last year. The succeeding hikes are deemed to be more important and the central bank has to be certain on its support actions from last year to boost the U.K. economy and confidence of investors.

There is no major news from the U.S. for today but the U.S. is presumed to return to the market following their long weekend holiday. On the other end, the inflation from the U. K. is highly anticipated later this day as it will have a significant insight on the movement of the market and give a hint on which direction does the GBP/USD pair will go.
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
USD/JPY Technical Analysis: January 17, 2018

There has been a choppy trading for the U.S. dollar during the Tuesday session, the day of returning to work for Americans. Looking at the hourly chart, a slight downward occurred. There are also some major levels and expect the presence of noise in the market.

The U.S. dollar swayed back and forth yesterday. The next trading level would be at 111 which is a bit resistive. If the market breaks higher, it will probably be at 112 which has been significant in the past. It seems that there will be downward pressure and push the market towards 110. Overall, there will be noise in the market that puts the global economic outlook at a better position and at the same time, there is general selling of the U.S. dollar.

Hence, there will be high volatility in the market, which will attract more traders. If the pair breaks lower than the significant level of 110, the market will probably move down towards 108 soon after. Moreover, there are a lot of areas to cover which will highlight every 100 pips. Amid the presence of noise, the market could bounce back which would become an important pullback.
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
(12-19-2017, 09:33 PM)successmantra3 Wrote:  Thanks for sharing. this is useful information

You are most welcome! Kindly follow this thread to receive daily market analysis. Thank you!
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
(11-27-2017, 07:38 PM)drvermadental Wrote:  Thanks for the information

You are most welcome our beloved clients! Kindly follow this thread to get updated about currents trends on the market. Happy trading!
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}
USD/JPY Technical Analysis: January 19, 2018

The U.S. dollar pulled back during the Thursday session and move towards the 111 level, which was offered both as support and resistance in the past that made it not surprised. There is a possibility for the price to rebound and reach the level of 112. Taking into consideration that the market is highly sensitive to risk appetite as a whole. The noise will probably persist in the market but there is nothing new for the Japanese yen in general.

As a rule, traders should buy when the S&P 500 and sell when it breaks down. Generally, the market proceeds to find support. Eventually, the market proceeds to find support close to the level of 110 with 61.8% Fibonacci retracement level. As a buyer, I realized that this market is good for short-term but not long-term ones. However, there is still choppiness in the market which should be taken seriously with respect. The attitude of the market changes every day and traders should be cautious in this regard with risk in the market. If it breaks down lower than the 110 level, this is likely to move lower towards 107.50 level. Although, this will most likely not happen soon since there is support below.
Andrea ForexMart, Official Representative
ForexMart
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  Forex analysis from SuperForex SFX_Official 103 588 01-19-2018, 02:41 AM
Last Post: SFX_Official
  How to Start Investing in Stocks Market sherylparedes 0 12 01-10-2018, 02:38 PM
Last Post: sherylparedes
  live market quotes legit money Nayem 0 4 01-07-2018, 07:09 PM
Last Post: Nayem
  Market Place SAP Online 1 19 10-30-2017, 10:15 PM
Last Post: bizrank
  Company News by ForexMart AndreaForexMart 173 1,660 05-25-2017, 10:22 PM
Last Post: AndreaForexMart
  Wave Analysis by InstaForex IFXGertrude21 262 4,413 05-17-2017, 11:02 AM
Last Post: IFXGertrude21
  Invest you money in the safest market riksho 4 100 03-25-2017, 05:31 PM
Last Post: Ben Milano
  China eCommerce Market: How were Alibaba and JD doing in Q1 2016? tmogroup1 4 150 07-13-2016, 09:35 PM
Last Post: E S AKSHAY
  How to earn $100 daily? imTracy 5 1,406 11-22-2015, 04:34 AM
Last Post: malik94

Forum Jump:


Users browsing this thread: 1 Guest(s)
{myadvertisements[zone_2]}