Author Topic: LiteForex Market Analytics  (Read 6673 times)

Offline Grahamaus

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Re: LiteForex Market Analytics
« Reply #25 on: November 08, 2016, 07:28:52 AM »
Well, as we can see in this chart, the AUD/USD is a very good place for scalpers now, since it won't break the resistant level.

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Re: LiteForex Market Analytics
« Reply #25 on: November 08, 2016, 07:28:52 AM »

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Offline LiteForexAnalysis

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Re: LiteForex Market Analytics
« Reply #26 on: November 08, 2016, 05:11:14 PM »
USD/CAD: general analysis

Current trend
Today the major event is the US presidential election.               Strengthening of the Canadian Dollar, however, is caused mainly by a growth in oil prices.               Thus, Brent crude oil managed to overcome the psychological level of $46 per barrel.             
At present, dynamics of the pair depend largely on information about the process of the US presidential election, and any news about the high chance of Hillary Clinton winning could support the US Dollar.               Markets are now stuck as investors are refraining from entering trades due to the high level of risk.             

Support and resistance
The instrument is correcting in the upper part of Bollinger Bands.               The indicators has turned up while the price range is widening that suggests the trend continuation.               MACD histogram has reached its high in the positive zone and is keeping a buy signal.               Stochastic is about to enter the oversold zone.             
The indicators recommend long positions.             
Support levels: 1.              3327, 1.              3298, 1.              3250, 1.              3206, 1.              3165, 1.              3110.             
Resistance levels: 1.              3390, 1.              3427, 1.              3460, 1.              3507.             

Trading tips
Long positions can be opened from the level of 1.              3385 with the target at 1.              3460 and stop-loss at 1.              3360.               Validity ? 1-3 days.             
Short positions can be opened from the level of 1.              3340 with the target at 1.              3250 and stop-loss at 1.              3360.               Validity ? 1-2 days.             




Post Merge: November 09, 2016, 05:30:47 PM
XAU/USD: technical analysis

XAU/USD, D1
On the daily chart, the instrument is trading on the middle MA of Bollinger Bands.              The price remains just above its moving averages that are horizontal.              The RSI is approaching its most recent resistance.              The Composite is testing its longer MA.             
XAU/USD, H4
On the 4-hour chart, the instrument is trading in the upper Bollinger band.              The price remains above its moving averages that are turning up.              The RSI is testing its longer MA.              The Composite turned down having failed its beginning of the month resistance.             

Key levels
Support levels: 1291.             87 (beginning of the week gap), 1275.             32 (local lows), 1250.             75 (61.             8% Fibonacci retracement).             
Resistance levels: 1307.             62 (local highs), 1311.             67 (July lows), 1336.             05 (July 2014 highs).             

Trading tips
The price keeps testing its long-term descending trendline.              There is a chance of another retest.             
Long positions can be opened from the level of 1313.             67 with the target at 1333.             05 and stop-loss at 1305.             62.              Validity ? 3-4 days.             
Short positions can be opened from the level of 1288.             87 with the target at 1275.             32 and stop-loss at 1294.             41.              Validity ? 2-3 days.             





Post Merge: November 10, 2016, 10:37:26 AM
BRENT: technical analysis

BRENT, H4

On the 4-hour chart, the price rebounded from the strong support level of 46.            05.             Bollinger Bands is trying to turn down while the price range keeps on widening that portends a continuation of upward dynamics.             MACD histogram is in the negative zone, its volumes are falling.             Stochastic is leaving the overbought zone with a strong sell signal.           

BRENT, D1

On the daily chart, the instrument is correcting in the lower part of Bollinger Bands.             The indicator is directed down while the price range is widening that marks a strong chance of a continuation of the current trend.             MACD histogram is in the negative zone, its volumes are growing and forming a strong sell signal.             Stochastic is moving towards the overbought zone.           

Key levels

Support levels: 46.            01, 45.            41, 45.            02, 44.            35.           
Resistance levels: 47.            00, 47.            77, 48.            34, 48.            84, 49.            44, 50.            00.           

Trading tips

Long positions can be opened from the current level with targets at 47.            50, 48.            00 and stop-loss at 45.            80.             Validity ? 1-2 days.           
Short positions can be opened from the level of 47.            05 with the target at 45.            50 and stop-loss at 47.            50.             Validity ? 1-2 days.           





Post Merge: November 11, 2016, 02:01:28 PM
XAU/USD: technical analysis

XAU/USD, H4

On the 4-hour chart, the instrument is trading within the lower part of Bollinger Bands.            The indicator is directed down while the price range is widening that portends a continuation of the current trend.            MACD histogram remains in the negative zone, its volumes continue growing.            Stochastic is about to enter the oversold zone.           

XAU/USD, D1

On the daily chart, the instrument is trading in the lower part of Bollinger Bands.            The indicator has turned horizontally while the price range is narrowing that marks the possibility of a trend reversal.            MACD histogram is hovering in the region of the zero line.            Stochastic has entered the oversold zone.           

Key levels

Support levels: 1252.           99, 1250.           45, 1247.           69, 1243.           92.           
Resistance levels: 1296.           51, 1303.           20, 1308.           02, 1313.           91, 1318.           99, 1328.           36.           

Trading tips

Short positions can be opened from the current level with targets at 1247.           70, 1245.           80 and stop-loss at 1256.           50.            Validity ? 1 day.           
Long positions can be opened from the level of 1247.           65 with targets at 1264.           60, 1273.           00 and stop-loss at 1241.           45.            Validity ? 1-2 days.           





Post Merge: November 14, 2016, 10:52:08 AM
XAU/USD: technical analysis

XAU/USD, D1

On the daily chart, the instrument is trading below the lower line of Bollinger Bands.           The price remains below its moving averages that start turning down.           The RSI entered the oversold zone.           The Composite is approaching its October support.           Both indicators are forming a divergence with the price suggesting a growth possibility.           

XAU/USD, H4

On the 4-hour chart, the instrument is trading on the lower line of Bollinger Bands.           The price remains below its moving averages that turned down.           The RSI is forming a ?double bottom? having entered the oversold zone, suggesting a growth possibility.           The Composite is about to retest its longer MA.           

Key levels

Support levels: 1212.          84 (50% Fibonacci retracement), 1205.          65 (June lows), 1174.          04 (38.          2% retracement).         
Resistance levels: 1235.          55 (local highs), 1250.          75 (61.          8% retracement), 1261.          03 (local highs).         

Trading tips

The price is testing its 50% retracement.           There is a chance of an upward rebound.         
Long positions can be opened form current prices with targets at 1235.          55, 1250.          75 and stop-loss at 1212.          84.           Validity ? 3-4 days.         
Short positions can be opened from the level of 1205.          65 with the target at 1174.          04 and stop-loss at 1212.          84.           Validity ? 3-4 days.         





Post Merge: November 15, 2016, 01:54:00 PM
NZD/USD: general analysis

Current trend

The NZ Dollar continues trading down against its US counterpart.          The currency is being
pressured by several factors.          Firstly it should be mentioned that the price of oil has fallen to the
level of $44-45 per barrel.          Moreover, an earthquake hit New Zealand and has caused damage
estimated at about $1.         4 billion.          It is quite obvious that reconstruction work will put much
pressure on the country?s economy, thus affecting the national currency.         
At the same time, despite Donald Trump?s surprising victory in the US presidential election, the
American Dollar continues strengthening against other major currencies as many investors still
expect the Federal Reserve to raise interest rates at its next monetary policy meeting in December.         

Support and resistance

The nearest support level is at 0.         7071.         
The nearest resistance level is at 0.         7177.         

Trading tips

Short positions can be opened from the level of 0.         7071 with the target at 0.         7000 and stop-loss
at 0.         7177




Post Merge: November 17, 2016, 01:08:21 PM
NZD/USD: general analysis

Current trend

Since the opening of the trading session New Zealand dollar has been slightly growing against
US currency.         Current rate is around 0.        7098 level.         The nearest support level is 0.        7071 and
resistance is at 0.        7145 level.       
Many traders assume that this is a slight correction, and the downward trend will keep going.       
The high possibility of the interest rate hike can be announced on the FRS meeting on 13-14th
of December and will support US dollar.         Economists assume that American economy can get an
additional momentum, if the new President invests more into infrastructure development and
carry tax reforms.         It is also worth noting that consumer price indices, on which FRS decision is
based, have also grown up to 1.        2% in September.         In general, American economy is gaining
momentum and is reaching pre-crisis conditions, which has a positive effect on the US dollar.       

Support and resistance

The nearest resistance level is at 0.        7145.       
Support level is at 0.        7071.       

Trading tips

It is recommended to open short positions at the level of 0.        7071 with the target at 0.        7025 and
stop loss at 0.        7145




Post Merge: November 21, 2016, 01:19:40 PM
YM: technical analysis

YM, D1

On the daily chart, the instrument slowed down its growth, which had been developing along the upper line of Bollinger Bands.        The price range of the indicator remains wide.        MACD histogram is in the negative zone, and its volumes are gradually growing and keeping a strong buy signal.        Stochastic has left the overbought zone with a sell signal.       

YM, H4

On the 4-hour chart, the instrument is trading along the meddle line of Bollinger Bands within a narrow price range.        MACD histogram is in the positive zone, and its volumes are gradually falling and forming a sell signal.        Stochastic turned up in the neutral zone.       

Key levels

Support levels: 18802.       3, 18645.       3, 18439.       9, 18319.       0, 18059.       3, 17884.       1, 17654.       5, 17479.       3.       
Resistance levels: 18965.       5.       

Trading tips

According to the indicators, long positions are preferable and can be opened from the level of 18892.       0 with the target at 18965.       5 and stop-loss at 18850.       0.        Validity ? 1-3 days.       
Short positions can be opened from the level of 18800.       0 with the target at 18650.       0 and stop-loss at 18850.       0.        Validity ? 1-3 days.       





Post Merge: November 23, 2016, 12:34:58 PM
USD/CAD: general review

Current trend

On Tuesday the USD/CAD pair was strengthening amid favorable macroeconomic data from the US.       In particular, existing home sales grew 2% in October that was substantially better than economists had expected.       In Canada, retail sales, excluding automobiles, were flat in September against expectations for a 0.      5% increase suggesting a decline in consumer confidence.     

Today attention needs to be paid to data on durable goods orders and jobless claims in the US.       Moreover, the EIA releases its crude inventory change report that is likely to result in higher market volatility.       The US Dollar can come under pressure as the data is expected to show a drawdown of 0.      250 million barrels.     

Support and resistance

On the 4-hour chart, the pair is falling towards the lower line of Bollinger Bands.       MACD histogram is in the negative zone, and its volumes are gradually falling.       Stochastic is turning down at the border of the overbought zone.     
Support levels: 1.      3415, 1.      3385, 1.      3360, 1.      3325, 1.      3295, 1.      3265.     
Resistance levels: 1.      3470, 1.      3515, 1.      3560, 1.      3585.     

Trading tips

Short positions can be opened from the level of 1.      3415 with the target at 1.      3360 and stop-loss at 1.      3445.     
Long positions can be opened from the level of 1.      3470 with the target at 1.      3550 and stop-loss at 1.      3430.     
Validity ? 1-3 days.     




Post Merge: November 25, 2016, 03:43:56 PM
XAG/USD: general analysis

Current trend

During today?s trading session the pair reached the 5-month minimum (16.     15) and was corrected up to 16.     50.      The volatility of silver is low due to the absence of investors in the market because of the holidays in the USA.     

US dollar continues to pressure silver.      The traders are waiting for the interest rate increase in December.      Yesterday the Open Market Committee?s record showed that the Committee majority is sure that the US economy is strong enough for this step.     

Support and resistance

XAG/USD is falling within the downward channel.      On the daily chart the MACD histogram is in negative zone, its volumes are growing.      The %K line of the Stochastic indicator has crossed the %D upwards on the border of the oversold area, showing that the correction is possible.     

Support levels: 16.     15, 15.     80, 15.     30.     
Resistance levels: 16.     50, 16.     80, 17.     20.     

Trading tips

It is recommended to open short positions at the level of 16.     10 with the target at 15.     80 and 15.     30.      Stop loss is at 16.     20.     

It is recommended to open long positions at the level of 16.     60 with the target at 17.     20.      Stop loss is at 16.     40.      Implementation period: 1 day.     




Post Merge: November 29, 2016, 12:39:16 PM
USD/JPY: general analysis

Current trend

After yesterday fall the pair is growing, despite of the favorable to Japan statistics being published.     The unemployment rate index didn?t change (3%), overall household spending decreased by 0.    4% against the predicted -0.    6%, YoY retail trade fell by 0.    1%, which has exceed the prediction of -1.    2%.   

The market is waiting for the USA third quarter GDP data to be published.     The indicator is predicted to grow by 0.    1%, which reflects positive trend of the economy development.     The growth of GDP will assure the investors in the dollar?s strength, and the pair will continue to grow.   

Support and resistance

On the daily chart the trend is pointed upwards.     The pair is trading near the upper border of the Bollinger Bands indicator.   
The MACD histogram is in positive area, its volumes are rising, the signal line crosses its body upwards, giving a buy signal.   

The Stochastic is leaving the overbought area, forming a sell signal.   
Support levels: 111.    00, 108.    50, 107.    00, 105.    20, 104.    00, 103.    00, 101.    10, 100.    00, 98.    10.     
Resistance levels: 112.    90, 113.    90.   

Trading tips

It is recommended to open long positions at the current level of 112.    60 with the target at 113.    90.     Stop loss is at 112.    00.   
It is recommended to open short positions at the level of 110.    80 with the target at 109.    00.     Stop loss is at 111.    50.     Implementation period: 1-3 days.   




Post Merge: November 30, 2016, 09:59:04 AM
AUD/USD: general analysis

Current trend
There are a lot of fundamental factors that will affect the dynamics of the Australian dollar this week.    First of all, important data on inflation and unemployment will be published in USA on Wednesday, Thursday and Friday, especially Friday.    Don?t forget about important releases scheduled on the night from Wednesday to Thursday: leading economic indicators from China, which is known to be one of Australia's major trading partners.   

On the daily chart we can see a long-term downward trend, confirming the BOA's policy to reduce AUD rate against US dollar.    Such policy is determined by the factor that 75% of the economy of the country is aimed at export.   

Support and resistance
Resistance levels: 0.   7837 (annual maximum), 0.   7779 (monthly and weekly maximum), 0.   7600, 0.   7550, 0.   7489.   
Support levels: 0.   7420, 0.   7309.   

Trading tips
The reasons for the global downward trend of the Australian currency is still there, so be careful when working in the "bull" corrections.    Long position can be opened at the level of 0.   7489 with the targets of 0.   7550 and 0.   7600 and stop-loss at 0.   7430.   
Short positions can be set at the level of 0.   7600 with the targets of 0.   7489 and 0.   7420 and stop-loss 0.   7750.   





Post Merge: December 01, 2016, 01:40:39 PM
Brent: the OPEC agreement pushes the prices up

Current trend

On Wednesday the oil prices have rapidly grown up by 7%.   In particular, the Brent price has risen above the level of 52 dollars per barrel.   This significant increase is a result of the agreement on the oil production limitation for 1.  2 billion barrel per day set by the OPEC.   The disagreements of Saudi Arabia, Iraq and Iran, that were the main obstacles to the agreement, were overcome.   As a result Iraq should cut the production by 310K barrel per day, as Iran can even increase it by 90K barrel per day.   This was the first agreement since 2008 year.   The petroleum exporting counties that don?t belong to the Organization should also join the agreement.   In particular Ministry of Energy of Russia has already declared the intention to cut the oil production.   Experts (Goldman Sachs, Morgan Stanley) agree that in case of implementation of the agreement by all of its members, which is due at January, 2017, the oil price can rise up to 60 dollars per barrel.   But the OPEC members have violated the previous agreements many times, so it?s better to wait until the implementation of the agreement. 

Support and resistance

The price is growing up to the level of October maxima (53.  00).   From this area there is a possibility of correction to the level of 50.  82 (Fibonacci correction 76.  4%) and 49.  43 (Fibonacci correction 61.  8%, the middle line of the Bollinger Bands), as the Stochastic is ready to leave the overbought area.   However in the middle term the growth to the level of 54.  00, 55.  00 is more likely. 

Support levels: 50.  82, 49.  43, 48.  29. 
Resistance levels: 53.  08, 54.  00, 55.  00. 

Trading tips

It is recommended to open long positions when the price is set above 53.  08 with the target at 54.  00, 55.  00 and stop loss at 52.  60. 
It is recommended to open short positions at the level of 50.  82 or 53.  00 with the target at 49.  43 and stop loss at 53.  30. 




Post Merge: December 02, 2016, 10:22:55 AM
AUD/USD: general analysis

Current trend
All this week the driver for pair?s motion was US dollar.  Today is the first Friday of the month, which means that at the beginning of the American session Non-Farm Payrolls will be released.  Statistics promise to be positive, which will put pressure on the pair AUD/USD.

From the technical point of view, the pair broke out of long-term downtrend channel last week.  Let us consider two basic scenarios.  The first is a continuation of the trend down, which is plausible in light of the strengthening of the dollar in recent years.  The second scenario will happen if the breakout is the false one and it only serves to close the stop-loss order of players who trades up.  It is not difficult to guess that most of the "bull" stops are in a range between the levels of 0. 7309 and 0. 7132, so the downward movement may continue to these levels.

Support and resistance

Resistance levels: 0. 7837 (annual maximum), 0. 7779 (monthly and weekly maximum), 07600, 0. 7545, 0. 7489, 0. 7420.
Support levels: 0. 7309, 0. 7132 (the level of accumulation of stop-losses).

Trading tips
The reasons for the global downward trend of the Australian currency are still in force, so be careful when working in the "bull" corrections.  Buy the pair from the level of 0. 7420 with the targets at 0. 7489, 0. 7545 and 0. 7600 and stop loss at 0. 7370.
If the alternative scenario develops, the pending orders to buy can be set at the level of 0. 7309 with the target at 0. 7132 and stop loss at 0. 7360.



« Last Edit: December 02, 2016, 10:22:55 AM by LiteForexAnalysis »

Offline Grahamaus

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Re: LiteForex Market Analytics
« Reply #27 on: December 11, 2016, 04:52:03 AM »
The AUD/USD seems to have started an up walk and I guess we'll see an up gap here at the beginning of the next week.


Offline LiteForexAnalysis

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Re: LiteForex Market Analytics
« Reply #28 on: December 12, 2016, 12:25:01 PM »
XAU/USD: general analysis

Current trend

Gold has been falling against the USD during the last five weeks.            During the trading session on Friday the pair was at the level of 1176.           70 ? close to the year minimum reached in March.            The market is under pressure due to USD growing in anticipation of the possible FRS interest rate increase on December, 14.            The stable growth of the American stock market which became more attractive to the investors, also pressures the gold.           

Key levels

On the daily chart the pair is lowering towards the lower border of the Bollinger Bands.            The MACD histogram is in negative zone, its volumes are the same on the level of -23.           640.            Stochastic is in neutral zone, lines are pointed downwards, if it crosses the border of the oversold area, the sell signal will appear.           
Support levels: 1147.           30, 1130.           75.           
Resistance levels: 1176.           30, 1187.           70, 1229.           70.           

Trading tips

It?s recommended to open short positions from the current level 1155.           00 with the target at 1147.           00 and stop loss at 1160.           00.           
It?s recommended to open long positions from the level of 1177.           00 with the target at 1187.           00 and stop loss at 1172.           00.           




Post Merge: December 13, 2016, 03:01:05 PM
Brent: the market remains optimistic

Current trend

The trading week started with a strong oil prices growth, the Brent listings reached the maximum from the July, 2015, rising above the level of 57.          00.           The OPEC and 11 non-OPEC countries have come to the agreement of the oil producing limitation by 558K barrels per day, and this supported the price greatly.           The oil Minister of Saudi Arabia declared the possibility of further limitations unilaterally.           This brought some optimism on the market, and the middle term targets increased.           Today the level of 65 dollar per barrel is the strong support level.         

The market is favorable for the ?bulls? now.           If all the participants follow the agreement fully, the world extracted oil resources will reduce by 46%, which will make the price to grow.           On the other hand, the countries have violated such rules many times.           In addition, the USA can prevent the oil prices from growing, as they can increase the production of the shale oil, reopening the wells, declared as unprofitable.           So the traders are waiting for the realization of the agreement, remains optimistic.         

Support and resistance

The price was corrected to the level of 55.          24 and now is trying to grow.           In case of the breakup at 56.          46 the nearest targets will be at 57.          10 (December maximum), 58.          00 and 58.          80.           The indicators show the possibility of the growth, too.           The price is moving within the upper border of the Bollinger Bands, which is pointed upwards and shows the upward trend, too.           The Stochastic is reversing upward, the MACD histogram is growing in the positive area.           The continuing of the downward correction to the level of 53.          50 (Fibonacci correction 23.          6%) and 51.          50 (Fibonacci correction 38.          2%) is less possible, as the price should consolidate below the 54.          80 to develop it.         

Support levels: 54.          80, 53.          50, 51.          50.         
Resistance levels: 56.          45, 57.          10, 58.          00, 58.          80, 60.          00.         

Trading scenario

Open long positions when the price is set above 56.          45 with the target at 57.          10, 58.          00 and 58.          80.           Stop loss is at 55.          90.           Open short positions below 54.          80 with the target at 53.          50, 51.          50 and stop loss at 55.          40.         




Post Merge: December 14, 2016, 11:17:19 AM
NZD/USD: technical analysis

NZD/USD, D1
On the daily chart the tool is steadily growing along the upper border of the indicator "Bollinger Bands".          Indicator is pointing up, while the price range continues to grow, which is the basis for the continuation of the current trend.          The MACD histogram is getting closer to zero line from below, its volumes are growing, maintaining a buy signal.          Stochastic is going to enter the overbought zone.         

NZD/USD, H4
On the 4-hour chart the pair is trading in the upper Bollinger band.          Indicator is pointing up, while the price range has increased, pointing to the preservation of the current trend.          Histogram MACD is in the positive zone, its volumes continue to grow, while maintaining a strong buy signal.          Volume line of Stochastic is pointing up, while the signal line is oriented downwards.         

Key levels
Support levels: 0.         7203, 0.         7194, 0.         7182, 0.         7165, 0.         7153.         
Resistance levels: 0.         7222, 0.         7230, 0.         7238, 0.         7246.         

Trading tips
Long positions may be opened at the current price with the targets at 0.         7238, 0.         7250 and stop loss at 0.         7200.          Implementation period 1 day.         
Short positions can be placed at the level of 0.         7205 with the targets at 0.         7180, 0.         7170 and stop loss at 0.         7195.          Implementation period 1 day.         





Post Merge: December 15, 2016, 02:30:47 PM
EUR/USD: general analysis

Current trend

The pair is lowering.         It renewed the historical minimum due to the FRS decision of the key interest rate rise to 0.        5-0.        75%.         The rise was expected, and furthermore, the commitment to the tightening of the US monetary policy was announced.       
?A modest increase in the federal funds rate is appropriate in light of the solid progress we have seen toward our goals of maximum employment and 2% inflation?, ? is written on the official site of the FRS.         Janet Yellen said that the FRS will pursue its policy according to Trump?s economical plan for lowering the taxes and increasing of spending on infrastructure.         The new interest rate rise in the next year was also announced.       

As today there are no significant releases in Eurozone, the USA Retail Sales and Initial Jobless claims indicators are worth traders? attention.       

Support and resistance

On the 4-hour chart the pair broke the lower border of the Bollinger Bands indicator, showing a strong sell signal.         The MACD is on negative zone, its volumes are rising.         The signal line crosses the histogram body downwards, giving sell signal.         The Stochastic crosses the border between neutral area and oversold area downwards, giving a signal to open shorts positions.       

Support levels: 1.        0400.         
Resistance levels: 1.        0500, 1.        0550, 1.        0600, 1.        0650, 1.        0710, 1.        0735, 1.        0800, 1.        0830, 1.        0870.         

Trading scenario

Open short positions from the current price with the target at 1.        0300.         Stop loss is at 1.        0450.       
Open long positions from the level of 1.        0550 with the target at 1.        0600.         Stop loss is at 1.        0520.       
Implementation period: 1-3 days.       




Post Merge: December 16, 2016, 12:44:18 PM
XAG/USD: silver is falling

Current trend

Yesterday the price of silver significantly declined amid a continuous strengthening in the US Dollar that was supported by strong data from the US.       

The Consumer Price Index excluding Food and Energy in November rose by 2.       1% that matched the figure from the previous month but came out a 0.       1% worse than forecasts of economists.        On a month-to-month basis, the index added 0.       2% that matched the expectations.        Additionally, the number of Initial Jobless Claims for the week ending 9 December fell from 258 thousands to 254 thousands that exceeded the expectations by 1 thousand claims.        The NY Empire State Manufacturing Index in December grew from 1.       5 to 9.       0 points, more than twice beating the forecasts.        The Philadelphia Fed Manufacturing Index rose from 7.       6 to 21.       5 points, against the expectations of a growth to only 9.       0 points.       

Support and resistance

Bollinger Bands on the daily chart turned down while the price range is widening.        The price, however, is trading underneath its lower border.        MACD is falling having formed a sell signal.        Stochastic continues falling having reached the oversold zone.       
The indicators recommend waiting for clearer trading signals.       

Support levels: 15.       87 (local low), 15.       65, 15.       51 (11 April low).       
Resistance levels: 16.       00 (local high), 16.       15 (25 November low), 16.       30, 16.       42 (18 November low), 16.       62, 16.       73 (local high), 16.       87, 17.       00, 17.       22 (16 November high).       

Trading tips

Long positions can be opened after the price consolidation above the level of 16.       15 with targets at 16.       62, 16.       73, 17.       00 and stop-loss at 15.       80.        Validity ? 2-3 days.       
Short positions can be opened after the breakdown of the level of 15.       87 with targets at 15.       51, 15.       25, 15.       00 and stop-loss at 16.       15.        Validity ? 2-3 days.       





Post Merge: December 19, 2016, 12:41:17 PM
GBP/USD: general analysis

Current trend

During the last week trading sessions the pair has lost about 110 points due to the strengthening of the USD.       As expected, the regulator has increased the key interest rate from 0.      50% to 0.      75%, adding than the next rate rise can happen in the first half of the next year.       On Thursday, December, 15, the Bank of England has decided to keep the interest rate on the same level of 0.      25%.       The Head of the regulator, Mark Carney has commented the decision carefully and avoided any specificity.       However, he said that the inflation stays within expected range, and there are no conditions to its growth.     

Concerning the ?hawk? rhetoric of the USA FRS and tough negotiations between UK and the EU upon the Brexit, the pair will decrease in the long term.     

Support and resistance

On the 4-hour chart the pair is trading in the bottom area of the Bollinger Bands.       The indicator is pointed downwards, as the price range is wide, so the current trend will continue.       The MACD is in negative zone and doesn?t give a clear signal.       The Stochastic is ready to leave the overbought area, forming a strong sell signal.     
According to the readings, it?s better to open short positions.     

Support levels: 1.      2450, 1.      2401, 1.      2361, 1.      2184.     
Resistance levels: 1.      2516, 1.      2567, 1.      2605, 1.      2648, 1.      2698, 1.      2723.     

Trading scenario

Open short positions on the current level with the target at 1.      2400.       Stop loss is at 1.      2520.       Implementation period: 1-2 days.     
Open long positions from the level of 1.      2520 with the target at 1.      2570.       Stop loss is at 1.      2500.       Implementation period: 1-3 days.     




Post Merge: December 21, 2016, 01:49:53 PM
AUD/USD: general analysis

Current trend

Yesterday, the Australian currency continued its decline against the US dollar after the release of Bank of Australia Meeting Minutes on interest rates and monetary policy.      However, during the American session, the pair gained back about forty points from the 90 it had lost.      The releases of the leading economic indicators index in Australia and the index of activity in all sectors of Japan did not affected the situation significantly.     

Today, at 14:00 and 16:00 (GMT+2) we expect the stats on real estate market and mortgage lending in the US.      Also important data will be stats on stocks of petroleum products in the US (17:30 GMT+2).     

Support and resistance

Resistance levels: 0.     7837 (one-year maximum), 0.     7776 (month and week high), 0.     7660, 0.     7600, 0.     7545, 0.     7489, 0.     7420, 0.     7309.     
Support levels: 0.     7143, 0.     7021, 0.     6828.     

Trading tips

Short positions can be opened at the market price with the targets of 0.     7143, 0.     7021 and stop loss at around 0.     7310.     
If the price consolidates above 0.     7309 level, then the long positions will become relevant.      Targets for the ?bulls? will be 0.     7420, 0.     7489 and stop loss at around 0.     7250.     





Post Merge: December 22, 2016, 04:03:20 PM
USD/JPY: pause before growth resumes

Current trend

The American Dollar continues consolidating against the Yen after a significant growth in November and the beginning of December.     The Dollar fell due to profit fixation and the pair continues moving within the range of 80 points amid the lack of important fundamental news from the US or Japan.     However, the Yen was slightly supported by yesterday?s decision on interest rates.     The Bank of Japan left the rate unchanged, and in commentaries expressed some optimism noting a gradual economic recovery.     

Today extra attention needs to be paid to macroeconomic statistics from the US that could determine further pair?s dynamics.     Data on the GDP, labour market and Durable Goods Orders is due.     

Support and resistance

In the short-term, the price might fall to the lower border of the ascending channel at the level of 117.    15 from where its growth will resume.   
Technical indicators suggest a growth continuation.     Bollinger bands are directed up while the upper line is at the level of 119.    00, indicating the next possible target.     MACD histogram is about to resume its growth in the positive zone.   
Support levels: 117.    15, 116.    50, 115.    50, 114.    80, 114.    00, 113.    15, 112.    30.   
Resistance levels: 118.    00, 118.    25, 118.    65, 119.    00, 119.    35, 120.    05.   

Trading tips

Long positions can be opened from current levels and from the level of 117.    15 with targets at 119.    00, 120.    05 and stop-loss at 116.    80.   




Post Merge: December 23, 2016, 10:24:21 AM
NZD/USD: pair shows mixed trade

Current trend

Yesterday the pair showed choppy trade and closed near its opening level amid the publication of a large number of macroeconomic statistics.   
In the third quarter of the year, the GDP in New Zealand grew by 1.   1% q/q that was a 0.   2% better than forecasts of economists.    On a year-to-year basis, however, the index came out worse than forecasts having increased by only 3.   5%, against expectations of 3.   7%.   

The Annualized GDP in the US in the third quarter showed 3.   5% growth that exceeded expectations of economists who anticipated only a 3.   3% increase.    Additionally, Durable Goods Orders excluding Transportation rose by 0.   5%, against a forecasted 0.   2%.   

Data on Personal Income and Spending, in its turn, disappointed.    In November, personal income showed no change against the previous month while economists predicted an increase of 0.   3%.    Personal spending rose by 0.   2% that was a 0.   1% worse than expectations.   

Support and resistance

Bollinger Bands on the daily chart is moving down while the price range is widening.    The price, however, only now returns inside the range.    MACD is turning up but keeping its previous sell signal.    Stochastic is trying to turn up in the oversold zone.   
The indicators recommend waiting for clearer trading signals.   

Support levels: 0.   6900 (local low), 0.   6882 (20 December low), 0.   6847 (3 June low), 0.   6806.   
Resistance levels: 0.   6930 (16 December low), 0.   6947 (21 December high), 0.   6971, 0.   7000 (psychologically important level), 0.   7034, 0.   7068 (5 December low), 0.   7085, 0.   7101.   

Trading tips

Long positions can be opened after the breakout of the level of 0.   6930 with targets at 0.   7000, 0.   7034, 0.   7068 and stop-loss at 0.   6900.    Validity ? 2-3 days.   
Short positions can be opened after the breakdown of the level of 0.   6900 with the target at 0.   6806 and stop-loss at 0.   6930.    Validity ? 2-3 days.   





Post Merge: December 26, 2016, 12:00:20 PM
GBP/USD: the pound stays under pressure

Current trend

During the trading sessions in the previous week the pound was lowering against the US dollar, renewing the local minimum from November, 2.   Despite of the decreasing traders? activity due to the upcoming New Year and Christmas holydays, the pound couldn?t became corrected, being under the pressure of new concerns due to the upcoming Brexit. 

In addition rather controversial macroeconomical statistics from the UK were published on Friday, 23.   The third quarter GDP index has grown by 0.  6% QoQ, which is better than the predicted value by 0.  1%.   The YoY GDP has grown by 2.  2%, which is worse than predicted value by 0.  1%.   The Business Investments indicator has grown only by 0.  4% QoQ, while the experts predicted the growth by 0.  9% QoQ.   The YoY volume of the investments has decreased by 2.  2% YoY against -1.  6% in the previous quarter.   The Index of Services has grown by 1.  0% in October against +0.  8% in September, while analysts were expecting the growth by 0.  9% QoQ.   The Current Account data are better than expected also.   The third quarter deficit is 25.  490 billion pounds, increased from the level of 22,080 billion, while the analysts expected the deficit to grow to the level of 27,450 billion pounds. 

Support and resistance

Resistance levels: 1.  2312 (minimum on December, 20), 1.  2354, 1.  2385 (minimum on November, 28), 1.  2419, 1.  2468, 1.  2512 (maximum on November, 22), 1.  2548, 1.  2584 (the level of December, 14) and 1.  2619. 
Support levels: 1.  2272 (testing during the morning session on December, 26), 1.  2228 (current minimum from December, 23), 1.  2171 and 1.  2132 (the October, 28 level). 
On the daily chart the Bollinger Bands indicator is lowering.   The price range is slightly widening, giving to the ?bears? the way to new local minima.   However the indicator shows the possibility of the appearance of the correctional growth and the return of the price to the middle line area. 

The MACD is lowering, keeping a sell signal (the histogram is below the signal line).   It?s better to keep current shorts positions, but not to open new ?bearish? ones. 
The Stochastic is in the oversold area, is trying to reverse upwards, which can show the potential formation of the correctional growth in short or very short terms. 

Trading scenario

Open long positions after the breakout of the level of 1.  2312, if the technical indicators don?t contradict the ?bullish? trend.   Take profit is at 1.  2419 or 1.  2468.   Stop loss is at 1.  2210 and 1.  2200.   Implementation period: 2-3 days. 
In case of the breakout of the level of 1.  2228 downwards, it?s better to open short positions with the targets at 1.  2132 and 1.  2100.   Stop loss is at 1.  2280.   Implementation period: 2-3 days. 





Post Merge: December 27, 2016, 01:46:14 PM
USD/CHF: the US dollar keeps growing

Current trend

In the beginning of the week the US dollar is growing against the Swiss franc, renewing a local maximum on December, 21.  The market activity is still low due to the Ney Year and Christmas holydays.  The traders prefer not to buy a risky currency, but consolidate the profit while trading stable ones.

On Monday, 26, there were no significant macroeconomical statistics published, but on Tuesday there will be a lot of data from USA.  The investors are interested in Business Activity and Consumer Confidence indices.  Also the traders wait for the Redbook index and October S&P/Case-Shiller Home Price Indices.  The nearest publications in Switzerland are due at Wednesday, December, 28, as the November UBS Consumption Indicator will be published.  The data is based on 5 economic indicators of consumption: car sales, consumer confidence, retail sales, the number of domestic overnight hotel stays, credit card transactions volumes.

Support and resistance


Resistance levels: 1. 0290 (maximum on December, 21), 1. 0318 (maximum on December, 20) и 1. 0342 ? maximum on December, 15.
Support levels: 1. 0271 (the nearest level), 1. 0239 (minimum on December, 16), 1. 0212 (maximum on December, 9), 1. 0190, 1. 0166, 1. 0149 (the level of December, 4), 1. 0123 and 1. 0100.

On the daily chart Bollinger Bands indicator is growing.  The price range is narrowing, reflecting recent controversial trade dynamics.  Stick to the channel trade strategy. 
The MACD is lowering, keeping the weak sell signal (the histogram is below the signal line).  It?s better to close some of the short positions and wait for more trading signals.

The Stochastic reversed again in the middle of its working area.  The indicator doesn?t contradict with the further ?bullish? development in short or very short term.

Trading scenario

Open long positions after the breakout of 1. 0290, if the technical indicators don?t contradict with the ?bullish? trend.  Take profit is at 1. 0342, 1. 0350 or 1. 0375.  Stop loss is at 1. 0250.  Implementation period: 2-3 days.
In case of reversal near the level 1. 0290 it?s better to open correction short positions with the nearest target at 1. 0200 or 1. 0190.  Stop loss is at 1. 0320 or 1. 0330.  Implementation period: 2-3 days.



« Last Edit: December 27, 2016, 01:46:14 PM by LiteForexAnalysis »

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Re: LiteForex Market Analytics
« Reply #29 on: January 11, 2017, 03:12:28 PM »
The AUD/USD was on the way down, but now we can feel free to buy here. I'm joining the bulls right away.


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Re: LiteForex Market Analytics
« Reply #30 on: January 12, 2017, 10:41:36 AM »
XAU/USD: technical analysis

XAU/USD, D1

On the daily chart, the instrument is growing along the upper line of Bollinger Bands.              The price remains below its moving averages that turned horizontal.              The RSI is approaching the border of the overbought zone.              The Composite starts forming a divergence with the price and RSI suggesting a downward reverse possibility.             

XAU/USD, H4

On the 4-hour chart, the instrument is growing along the upper line of Bollinger Bands.              The price remains above its moving averages that start turning up.              The RSI has been forming a Bearish divergence just below the border of the overbought zone.              The Composite is about to retest its strong resistance.             

Key levels

Support levels: 1190.             65 (local lows), 1170.             55 (38.             2% Fibonacci retracement), 1146.             96 (March 2015 lows).             
Resistance levels: 1207.             46 (50% retracement), 1215.             03 (April 2016 lows), 1244.             55 (61.             8% retracement).             

Trading tips

There is chance of the downward reverse in the price.             
Short positions can be opened after the price rebound from the level of 1207.             46 with targets at 1190.             65, 1170.             55 and stop-loss at 1215.             03.              Validity ? 3-5 days.             
Long positions can be opened after the breakout of the level of 1215.             03 with the target at 1244.             55 and stop-loss at 1205.             13.              Validity ? 3-5 days.             





Post Merge: January 13, 2017, 12:58:46 PM
USD/CHF: Fibonacci analysis

The downward trend will continue.           

On the 4-hour chart the price has tested the level of 1.            0070.             The breakout here is possible, as the Bollinger Bands are pointed downwards.             Also, the Stochastic has reversed in the same direction, and in this case the significant lowering of the price is possible.             In case of the rebound from the level of 1.            0070 the correction is possible to the level of 1.            0125 (correction cluster 23.            6% in the short and middle term) and further to 1.            0160 (correction 38.            2%) and 1.            0190 (correction 50.            0%, the middle line of the Bollinger Bands for D1).           

On the daily chart there is a downward breakout of the level 1.            0120 (correction 23.            6%) and the upward fan line 38.            2%, and now is reaching the level of 1.            0010 (correction 38.            2%) and further across the 50.            0% fan line to the level of 0.            9920 (correction 50.            0%) into the area of the crossing with the 61.            8% fan line or the curve 38.            2%.             If the price will reverse at the level of 1.            0010 or in case of the upward breakout of the level of 1.            0120 the growth is possible to reappear.             In this case the correction can continue to the level of 1.            0200 (the middle line of the Bollinger Bands) and 1.            0300 (correction 0.            0%).           

Trading scenario

Sell the pair below the level of 1.            0070 with the target at 1.            0010, 0.            9920 and stop loss at 1.            0110.           

Alternative scenario

Buy the pair above the level of 1.            0120 or in case of the reversal at 1.            0000 with the target at 1.            0200 and 1.            0300.             Stop loss is at 1.            0080 and 0.            9970 correspondingly.           





Post Merge: January 16, 2017, 01:27:06 PM
FDAX: technical analysis

FDAX, D1

On the daily chart, the instrument is trading in the upper Bollinger band.            The price remains above its moving averages that are directed up.            The RSI is showing Bearish dynamics having broken down its longer MA.            The Composite is representing similar pattern.           

FDAX, H4

On the 4-hour chart, the instrument is trading just above the lower line of Bollinger Bands.            The price remains above the EMA65, EMA130 and SMA200 that are turning horizontally.            The RSI is testing its last week support.            The Composite is approaching its support level as well.           

Key levels

Support levels: 11484.           2 (December 2016 highs), 11336.           1 (local lows), 11220.           7 (local lows).           
Resistance levels: 11638.           5 (local highs), 11663.           1 (local highs), 11792.           3 (July 2015 highs).           

Trading tips

The price is consolidating above a strong support level at 11484.           2.            Its breakdown could lead to a downward correction continuation, however, the main trend remains ascending.           
Short positions can be opened from the level of 11484.           2 with the target at 11336.           1 and stop-loss at 11524.           0.            Validity ? 3-5 days.           
Long positions can be opened from the level of 11663.           1 with the target at 11792.           3 and stop-loss at 11638.           5.            Validity ? 3-5 days.           





Post Merge: January 17, 2017, 03:41:19 PM
EUR/GBP: Fibonacci analysis

Possibility of fall continuation.         

On the 4-hour chart, the price fell below the level of 0.          8718 (23.          6% correction) and after a breakdown of the 38.          2% fan line (which seems likely as Stochastic is directed down), the fall could continue towards 0.          8650 (38.          2% corrections for the medium-term and short-term trends) and 0.          8590 (50% correction).           However, the ascending fan could be an additional obstacle to the price, so in the region of 0.          8650 the price might reverse and start growing towards its January highs.         
On the daily chart, the price is heading towards the level of 0.          8650 (38.          2% correction), a breakdown of which would lead to a fall continuation towards 0.          8580 (lower line of Bollinger Bands), 0.          8545 (23.          6% correction).           However, there is also a chance of a price reverse and growth towards the levels of 0.          8742 (50% correction) and 0.          8830 (61.          8% correction), but this scenario seems unlikely (Stochastic turned down).         

Main scenario

Sell the pair below the level of 0.          8650 with targets at 0.          8580, 0.          8545 and stop-loss at 0.          8690.         

Alternative scenario

Buy the pair after the price rebound from the level of 0.          8650 with targets at 0.          8742, 0.          8830 and stop-loss at 0.          8620.         





Post Merge: January 18, 2017, 01:34:39 PM
USD/JPY: general analysis

Current trend

During the yesterday trading session the USD continued to fall against all the main currencies, including Yen.          Investors are fixing the profit on the dollar assets.          After the great growth due to the positive expectation of the new President policy the traders want to see the confirmation of the Trump?s intentions to reform the economy.          Yesterday the USA FRS members? commentaries supported the USD and helped it not to fall further.          The FRS members said that the USA economy has almost reached the target level of the inflation and now is almost involved.          Yesterday Trump?s commentaries of the ?too strong? dollar and its bad affection on the USA economy pressed the USD.          The USD/JPY pair has decreased to the level of 112.         56, but today on the opening session the price was corrected upwards.          Today the USA Consumer Price Index (15:30 GMT+2), the Industrial Production data (16:15 GMT+2), Fed's Beige Book review (21:00 GMT+2) and Janet Yellen Speech (22:00 GMT+2) are worth traders attention.         

Support and resistance

Support levels: 113.         00, 112.         56, 112.         00.         
Resistance levels: 113.         50, 114.         00, 114.         47.         

Trading scenario

On the 4-hour chart Bollinger Bands are pointed downwards, reflecting the development of the downward trend.          Still the correction into the area of the middle line of the Bollinger Bands (113.         86) is possible.          The reversal from the level of 113.         86 and the downward movement is possible.         

The MACD histogram is in the negative zone, its volumes are decreasing, reflecting the development of the correction.          In case of the consolidation of the price above the level of 114.         00 the formation of the upward trend is possible.         
Sell the pair after the price is set below the level of 113.         00 with the target at 112.         56, 112.         00 and stop loss at 113.         35.         
Open the pair after the price is set above the level of 114.         00 with the target at 114.         47, 115.         00 and stop loss at 113.         65.         




Post Merge: January 20, 2017, 02:46:21 PM
EUR/USD: the market is waiting for Trump?s inauguration

Current trend

Yesterday the Head of the ECB Mario Draghi?s speech affected the market, and the price has tested the level of 1.        0600, today it?s the turn of America to do the same.         The Head of the FRS Janet Yellen had a conference in the Stanford University She said that the correction of the monetary policy should be gradual, and that some of her questions connected to the election of Donald Trump are still unclear.         Such commentaries didn?t satisfy the traders, and the price grew to 1.        6290.         Now the investors are waiting for the Donald Trump?s inauguration and his speech, which can cause a significant volatility in the market.       

Support and resistance

The price is near the upper border of the downward trend and can lower to the level of 1.        0600 (Fibonacci correction 23.        6%), which is confirmed by the downward reversal of the Stochastic The key level is 1.        0600, the breakout and the consolidation of the price below the middle line of the Bollinger Bands indicator (the area of 1.        0550 in the current moment) will let the price to lower to the levels of 1.        0450 and 1.        0370.         But the scenario of a reversal from the level of 1.        0600-1.        0550 is still possible.         In this case the price will grow to 1.        0750 (Fibonacci correction 38.        2%) and 1.        0865 (Fibonacci correction 50.        0%).       
Support levels: 1.        0600, 1.        0550, 1.        0450, 1.        0370.       
Resistance levels: 1.        0750, 1.        0865.       

Trading scenario

Open short positions if the price is set below 1.        0600 and the middle line of the Bollinger Bands indicator with the target at 1.        0450, 1.        0370 and stop loss at 1.        0610.         Open long positions in case of a rebound from the levels of 1.        0650 or 1.        0550 with the target at 1.        0750, 1.        0865 and stop loss at 1.        0570 and 1.        0510 correspondingly.       




Post Merge: January 23, 2017, 12:32:35 PM
NZD/USD: technical analysis

NZD/USD, D1

On the daily chart, the pair is growing along the upper line of Bollinger Bands.        The price remains above its moving averages that are horizontal.        The RSI is trying to turn down near the border of the overbought zone.        The Composite is about to retest its longer MA showing Bearish dynamics.       

NZD/USD, H4

On the 4-hour chart, the pair is trading in the upper Bollinger band.        The price remains above its moving averages that are directed up.        The RSI turned down having failed its longer MA.        The Composite is about to test its longer MA from above.       

Key levels

Support levels: 0.       7135 (local lows), 0.       7110 (August 2016 lows), 0.       7056 (April 2016 highs).       
Resistance levels: 0.       7232 (December 2016 highs), 0.       7311 (July 2016 highs), 0.       7336 (August 2016 highs).       

Trading tips

The pair is testing its 61.       8% Fibonacci retracement near the lower border of the previous ascending channel.        There is a chance of a downward rebound.       
Short positions can be opened from current prices with targets at 0.       7135, 0.       7110, 0.       7056 and stop-loss at 0.       7232.        Validity ? 3-5 days.       
Long positions can be opened from the level of 0.       7242 with targets at 0.       7311, 0.       7336 and stop-loss at 0.       7212.        Validity ? 3-5 days.       





Post Merge: January 24, 2017, 11:47:14 AM
Brent Crude Oil: General analysis

Current trend

From the opening of the morning trading session the oil prices are growing against yesterday lowering to the level of 54.      96.       The weakening dollar supports the oil price.       The lowering of the dollar is due to the recent speech of the President of the USA, when he accented on the protectionist measures towards the USA economy, while investors were waiting for more specific plans of USA fiscal reformation.       The price are also supported by the oil production limitation by OPEC and non-OPEC countries.       On the OPEC members meeting on January, 22, in Vienna, it was reported that the world oil production level has lowered by 1.      7 million barrels per day.       As a result the UKBrent price is reaching the level of 56.      14.       Today the API Weekly Crude Oil Stock index due at 23:30 (GMT+2) in the USA is worth traders attention.       

Support and resistance levels

Support levels: 55.      73, 54.      96, 54.      06.     
Resistance levels: 56.      14, 57.      15, 58.      20.     

Trading tips

On the 4-hour chart the technical indicators reflects the possibility of growth.       The Bollinger Bands are pointed upwards.       The MACD histogram is in the positive zone, its volumes are rising, giving a buy signal.     
In the current situation open long positions after the breakdown and consolidation of the price above the level of 56.      14 with the target at 57.      15 and stop loss at 55.      80.     
If the price is set below the middle line of the Bollinger Bands at the level of 55.      25, the downward trend can develop.        In that scenario open short positions with the targets at 54.      96, 54.      08 and stop loss at 55.      60.     




Post Merge: January 25, 2017, 10:15:24 AM
USD/CAD: general analysis

Current trend

The Canada Wholesale Sales index, published on January, 23, was lower than expected and lower than the previous value, which is negative, ?bearish? factor for the CAD.      Still the decision to keep the interest rate on the level of 0.     5%, published on January, 18, outweighed the negative data.      From the beginning of the week the pair continue to lower, crossed its strong support range of the lower border of the daily channel and 1.     3200 downwards, pointing at the next support levels of 1.     3080, 1.     2990 and 1.     2880.     

There are some key issues for the pair to be published on the week.      Today it is the USA Housing Price Index and USA Initial Jobless Claims data tomorrow: according to the last reports, the index is lowering, which can support the USD.      The Chicago Fed National Activity Index is growing against the December report.      The New Home Sales statistics is expected to lower a bit, making a negative impact on the USD.      The USA CB Leading Indicator is expected to grow by 0.     2%, which support the USD.      As a result, today and tomorrow the pair is under the pressure of many controversial factors.     

Support and resistance

Support levels: 1.     3080, 1.     2990, 1.     2880, 1.     2750.     
Resistance levels: 1.     3200, 13280, 1.     3330, 1.     3400.     

Trading scenario

Open short positions at the current price with the target at 1.     3080, 1.     2990, 1.     2880.      Stop loss is at 1.     3200.     
Open long positions if the price is back in the daily channel over the level of 1.     3200 with the target at 1.     3280, 1.     3330.      Stop loss is at 1.     3140.     





Post Merge: January 26, 2017, 02:57:43 PM
USD/CHF: Fibonacci analysis

A price reversal and a correction to the middle line of the Bollinger Bands are most likely.   

On the four-hour chart the price is testing its lowest level since November 2016 in the area of 0.    9960.     Breakdown of this level could lead to a further decline to the level of 0.    9860 (61.    8% correction for the medium-term trend).     Otherwise, the correction is possible to the levels of 1.    0030 (38.    2% correction for the medium-term trend) and 1.    0095 (38.    2% correction for the short-term trend, the middle line of the Bollinger Bands on the D1).     Growth scenario seems more likely, since the Stochastic lines have crossed, trying to turn up.   

On the daily chart, the price moves along the arc of 38.    2% in an effort to break up the level of 1.    0010 (38.    2% correction), then to rush to the area of 1.    0095 (middle line of the Bollinger bands) and 1.    0120 (23.    6% correction).     Since Stochastics turns up in the oversold zone, the price growth seems more likely.   

The main scenario

Buy positions can be opened above the level of 1.    0010 with the targets at 1.    0095 and 1.    0120.     The stop loss order should be placed at around 0.    9970.   

Alternative scenario


Sell positions should be placed below the level of 0.    9960 with the targets at 0.    9920, 0.    9860, 0.    9830, and stop-loss at 0.    9990.   





Post Merge: January 27, 2017, 10:33:15 AM
USD/JPY: technical analysis

USD/JPY, 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 about to test its longer MA having formed a Bullish divergence with the price.    The Composite is showing similar dynamics.   

USD/JPY, H4

On the 4-hour chart, the pair is growing along the upper Bollinger band.    The price remains above the EMA13, EMA65 and EMA130 but below the SMA200, all are horizontal.    The RSI is approaching the border of the overbought zone.    The Composite is testing its strong resistance.   

Key levels

Support levels: 114.   42 (local lows), 113.   97 (local lows), 112.   54 (January lows).   
Resistance levels: 115.   57 (local highs), 116.   00 (2015 lows), 118.   20 (January highs).   

Trading tips


The pair might be forming a ?flag? pattern.    There is a chance of a downward rebound from its upper border while its breakout could lead to a retest of January highs.   
Short positions can be opened after the price rebound from the level of 115.   57 with targets at 114.   42, 113.   97, 112.   54 and stop-loss at 116.   00.   
Long positions can be opened from the level of 116.   00 with the target at 118.   20 and stop-loss at 115.   57.   





Post Merge: January 30, 2017, 03:20:50 PM
NZD/USD: update of the highs is unlikely

Current trend

The NZD/USD pair is still going up, "kiwi" won against the US dollar more than 400 points over the last month and reached the level of 0.  7310.   The main catalyst for the pair remains the tense political situation associated with the change of leadership of the United States.   In addition, a number of negative releases came out in the US last week: weak data on the labor market, the construction sector, and preliminary data on GDP.   This week, it is worth paying special attention to the Fed's decision on rates, and comments on the US monetary policy. 

Support and resistance

The pair is moving upwards quite confidently, and the probability of reaching the target levels of 2016: 0.  7400, 0.  7480 is high.   After that a reversal would be quite possible, either from the current level (the upper limit of the downward range) or from local highs 0.  7400, 0.  7480 with the target of 0.  6875.   Technical indicators? signal remains the same: the volume of long positions of MACD indicator remains at a high level, and the upper Bollinger band consolidated at the level of 0.  7355. 
Support levels: 0.  7200, 0.  7135, 0.  7050, 0.  7010, 0.  6950, 0.  6875, 0.  6795, 0.  6750. 
Resistance levels: 0.  7355, 0.  7400, 0.  7430, 0.  7610, 0.  7700, 0.  7735, 0.  7780, 0.  7835. 

Trading tips

In this situation short positions could be opened from the key resistance levels of 0.  7400, 0.  7480, expecting a reversal in the pair with a target at 0.  6875.   Stop-loss can be set at the level of 0.  7530. 




Post Merge: January 31, 2017, 08:27:54 AM
WTI Crude Oil: technical analysis

WTI Crude Oil, D1

On the daily chart the price is lowering, broken the support level formed by the middle line of the Bollinger Bands indicator.  The MACD histogram is in the positive zone, keeping a sell signal, its volumes are slightly decreasing.  The Stochastic is in the neutral zone, pointed downwards.

WTI Crude Oil, H4

On the 4-hour chart the price is lowering towards the lower border of the Bollinger Bands indicator.  If the channel, formed by its borders, widens, the downward dynamics can develop further.  The MACD histogram is near the zero line, the signal line is ready to cross the zero line downwards, after which the signal to open short positions will be received.  The Stochastic is crossing the neutral zone and the oversold zone border downwards, forming a buy signal.

Key levels

Support levels: 52. 50, 52. 20, 51. 70.
Resistance levels: 53. 00, 53. 50, 54. 10, 54. 50, 55. 00.

Trading scenario

According to the technical indicators, it?s better to open short positions from the level of 52. 50 with the target at 52. 00, 51. 70.  Stop loss is at 52. 80.  Implementation period: 1-3 days.
Open long positions at the level of 53. 00 with the target at 53. 50 and stop loss at 52. 70.  Implementation period: 1-3 days.



« Last Edit: January 31, 2017, 08:27:54 AM by LiteForexAnalysis »

Offline Grahamaus

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Re: LiteForex Market Analytics
« Reply #31 on: January 31, 2017, 01:01:43 PM »
The AUD/USD is going strongly up and I guess there won't be any pivot in the near future, so I guess we need to open a buy.


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Re: LiteForex Market Analytics
« Reply #32 on: February 01, 2017, 01:17:46 PM »
GBP/USD: technical analysis

GBP/USD, D1

On the daily chart, the pair is trading in the upper Bollinger band.              The price remains above the EMA14, EMA65 but below the EMA130 and SMA200 that are turning horizontally.              The RSI is about to retest its most recent resistance.              The Composite turned up as well but shows only a small upward impulse.             

GBP/USD, H4

On the 4-hour chart, the pair is trading just below the upper line of Bollinger Bands.              The price remains above its moving averages that turned up.              The RSI is testing its longer MA and approaching the overbought zone.              The Composite is growing having formed a substantial divergence with the price earlier in the week.             

Key levels

Support levels: 1.             2567 (local lows), 1.             2511 (local lows), 1.             2345 (November 2016 lows).             
Resistance levels: 1.             2663 (January highs), 1.             2722 (December 2016 highs), 1.             2790 (July 2016 lows).             

Trading tips

The price is approaching the upper border of the sideways channel where it could reverse downward.             
Long positions can be opened from the level of 1.             2663 with targets at 1.             2722, 1.             2790 and stop-loss at 1.             2632.             
Short positions can be opened after the price rebound from the level of 1.             2722 with targets at 1.             2663, 1.             2567, 1.             2511 and stop-loss at 1.             2768.             





Post Merge: February 03, 2017, 09:57:28 AM
USD/JPY: general analysis

Current trend

During the yesterday trading session the USD/JPY grew against the positive USA macroeconomical statistics.             After testing a minimum in the area of 112.            03, the pair has reached the level of 112.            86 in the end of the trading session.             The Initial Jobless Claims index, published yesterday, lowered to 246K WoW from 260K in the previous week.             Nonfarm Productivity grew by 1.            3% in the fourth quarter against the expected growth of 1.            0%.             The positive statistics makes the traders to expect the Nonfarm Payrolls data to be positive today.             The index is expected to increase to 175K in January against 156K in the previous month.             The expected values or the values above the expectations will support the USD/JPY in the short term and let the pair to grow to the level of 114.            00.           

Support and resistance

Support levels: 112.            90, 112.            56, 112.            03.           
Resistance levels: 113.            64, 114.            00, 114.            47.           

Trading scenario

On the 4-hour chart the Bollinger Bands indicator is slightly converging, reflecting the development of the upward trend.             The MACD histogram is in the negative zone, but its volumes are rising, reflecting the growth of the buyers? activity.           
Open long positions after the price is set above the level of 113.            23 with the target at 113.            64, 114.            00, 114.            47 and stop loss at 112.            95.           
Open short positions below the level of 112.            90 with the target at 112.            56, 112.            03 and stop loss at 113.            20.           




Post Merge: February 06, 2017, 12:03:54 PM
XAU/USD: general analysis

Current trend

Gold prices are growing against the mixed USA employment data, published on Friday.            The Nonfarm Payrolls value grew to 227K in January from 157K in the previous month.            The unemployment rate grew to 4.           8% in January from 4.           7% in the previous month.            The mixed employment data and the uncertainty of the Trump?s economical policy press the USD, so the gold price could reach the level of 1225.           17, but didn?t manage to consolidate above this level.            Today there are no significant macroeconomical releases to influence the pair, so the correction to the level of 1215.           17 with the fixing of the profit of the long positions is possible.           

Support and resistance

Support levels: 1216.           71, 1210.           18, 1202.           92.           
Resistance levels: 1225.           17, 1233.           12, 1240.           00.           

Trading scenario

On the 4-hour chart the Bollinger Bands indicator is pointed upwards, reflecting the activity of the buyers.            Still the correction to the middle line (1215.           17) is possible, as the price broke the upper border of the Bollinger Bands indicator.           
The MACD histogram is in the positive zone, its? volumes are rising, reflecting the development of the upward trend.           

The breakout at 1225.           17 will signal the continuation of the growth.            In this case open long positions above the level of 1225.           17 with the target at 1233.           12 and stop loss at 1223.           17.           
Open short positions below the level of 1215.           17 with the target at 1210.           18 and stop loss at 1217.           00.           




Post Merge: February 07, 2017, 02:07:30 PM
NZD/USD: general review

Current trend
During the Asian trading session, the US dollar strengthened against major currencies.           The dollar has received support from the comments of Fed?s representative Harker, who made it clear that the regulator still might raise the interest rates at the March meeting.           That?s why the NZD/USD pair dropped abruptly to the level of 0.          7297.         

Today, the macroeconomic calendar contains no significant releases that could affect the dynamics of the NZD/USD.           Investors are waiting for tomorrow's RBNZ decision of the interest rate (22:00 GMT+2) and following press conference (23:00 GMT+2).           Interest rates are likely to remain unchanged at 1.          75%.           However, investors are more interested in the comments of the Head of RBNZ in a press conference, which could lead to an increase in the volatility of the national currency.         

Support and resistance
On the 4-hour chart Bollinger bands are directed downward, indicating that the continuation of the current downward trend.           The MACD histogram is in the positive zone, its volume are decreasing, indicating the influence of the sellers.         
Support levels: 0.          7290, 0.          7243, 0.          7183.         
Resistance levels: 0.          7323, 0.          7375, 0.          7403.         

Trading tips
Sell positions can be opened below the level of 0.          7290 with the target in the area of 0.          7243 and a stop loss at 0.          7305.           Breakdown of the 0.          7243 level will open the way for the pair to the level of 0.          7183.         
The formation of the upward movement will be obvious after the price consolidates above the level of 0.          7323.           In this case, buy position can be opened with the targets at 0.          7375, 0.          7403 and stop loss at 0.          7295.         




Post Merge: February 08, 2017, 04:05:00 PM
AUD/USD: general analysis

Current trend

The AUD is trading in the upward trend against the USD.          The pair has grown by more than 500 points and reached the key resistance level of 0.         7700 in a month.          The pair is moving due to the significant lowering of the USD against the negative USD fundamental background.          During the last month the poor GDP, employment and key indices data were published.          The Australia data made a positive impact on the pair.         

In the beginning of the week there was a downward correction to the lower border of the upward trend at 0.         7610, but now it is consolidating above this level.          Today the volatility lowered and the AUD is trading within the narrow sideway channel 0.         7610-0.         7645.          In the short term the pair will either grow to the local maxima or will form a reversal figure.          This week the USA employment data and the USA building sector data are worth attention.         

Support and resistance

Technical analysis and the USA and Australia fundamental background show the potential of movement to the levels of 0.         7700, 0.         7780, 0.         7820.          The alternative is a consolidation of the pair in the sideway trend 0.         7700-0.         7610 with the further reversal.          After the last FRS meeting its members has spoken a lot about the interest rate rising in March, which can affect the investors? moods.          The lowering of the demand on the USD pressures the pair and can led it to the deeper correction.          The technical indicators are giving a strong sell signal, the MACD keeps high volumes of the long positions, the upper border of the Bollinger Bands on the weekly chart is set near the local maximum at the level of 0.         7820.         
Support levels: 0.         7610, 0.         7545, 0.         7510, 0.         7480, 0.         7430, 0.         7400, 0.         7300, 0.         7200, 0.         7160.         
Resistance levels: 0.         7645, 0.         7700, 0.         7780, 0.         7820, 0.         7900, 0.         8000.         

Trading scenario

Open long positions at the current level with the target at 0.         7820 and short stop loss is at 0.         7580, keeping in mind the growth from the lower border of the upward channel.         




Post Merge: February 09, 2017, 12:02:13 PM
EUR/USD: общий обзор

Текущая динамика

Пара EUR/USD в ходе вчерашних торгов предприняла попытку роста, однако закрепиться выше уровня 1.        0713 ей не удалось, и курс скорректировался вниз.         Отсутствие новостного фона, а также неопределенность в отношении экономической политики нового президента США определяют текущий боковой характер движения EUR/USD.         Из макроэкономических событий, способных оказать влияние на курс EUR/USD сегодня, можно выделить статистику по первичным заявкам на пособия по безработице в США (15:30 GMT+2), а также выступление представителя ФРС США Чарльза Эванса.         Если слова Эванса будут содержать намёки на возможное повышение процентной ставки на мартовском заседании, то в краткосрочной перспективе пара EUR/USD может попасть под давление.         

Уровни поддержки и сопротивления

На 4-часовом графике гистограмма MACD расположена в отрицательной зоне, объёмы её постепенно сокращаются, однако чёткого сигнала не дают.         Полосы Боллинджера демонстрируют небольшое схождение, указывая на относительное спокойствие на рынке.       
Уровни поддержки: 1.        0699, 1.        0622, 1.        0588.       
Уровни сопротивления: 1.        0713, 1.        0754, 1.        0797.       

Торговые сценарии

Позиции на покупку открываем выше уровня 1.        0713 с целями в районе 1.        0754, 1.        0797 и стоп-лоссом на уровне 1.        0690.       
Позиции на продажу можно выставлять ниже уровня 1.        0669 с целями 1.        0622, 1.        0588 и стоп-лоссом на уровне 1.        0695.       




Post Merge: February 10, 2017, 01:47:13 PM
GBP/USD: the pair is in a state of equilibrium

Current trend

On Thursday, the pair lost about a hundred points, reaching the middle line of Bollinger bands at 1.       2500.        Strengthening of the dollar was due to the Trump?s intention to present his proposals for tax reform in the near future.        During the election campaign, he has already promised to reduce the tax burden on the American middle class and businesses as well as to reduce the rate of income tax and change the scale of progressive taxation.        Now the market is waiting for the promised performance.       

At the same time, yesterday the Head of the Bank of England Mark Carney didn?t mentioned monetary policy in his speech and could not provide support for the pound.        Today's strong data on industrial production in the UK in December (+2.       1% MoM and +4.       0% YoY) also couldn?t help the British currency.        Despite the fact that the British economy copes well with the consequences of Brexit, the pound has been falling since mid-January.       

Support and resistance
From a technical point of view, the level of 1.       2500 (middle line of Bollinger bands) is still the key level.        Technical indicators do not give a clear picture: Stochastic turns up from the oversold zone, MACD histogram has low volumes, and the Bollinger Bands are directed horizontally.        Under these conditions, important level for the "bulls" would be 1.       2530 (Fibonacci correction 23.       6%), breakout of which would allow the price to go up to the upper boundary of the descending channel (1.       2600), and further, to 1.       2690.        After consolidation below the middle line of the Bollinger Bands, the pair may continue to decrease to the levels of 1.       2526 (38.       2% correction) and 1.       2345 (50.       0% correction).       
Support levels: 1.       2426, 1.       2345 and 1.       2265.       
Resistance levels: 1.       2530, 1.       2600 and 1.       2690.       

Trading tips
In this situation, long positions can be opened above the level of 1.       2530 with the targets at 1.       2600 and 1.       2690 and stop loss at 1.       2500.        At the level of 1.       2475 short positions would become relevant with the targets at 1.       2426 and 1.       2345 and stop loss at 1.       2505.       




Post Merge: February 14, 2017, 10:28:19 AM
NZD/USD: general analysis

Current trend

During the last week the pair was lowering and lost about a half of the 2 months growth (more than 200 points).       The decrease is a result of many factors.       The first is the RBNZ decision to keep the interest rate on the same level of 1.      75%, which is minimal for last 5 years.       The lowering of the rate affects the national currency negatively.       The second are the positive USD data: Initial Jobless Claims, which is better than expected, the Import Price Index (much better than the previous value and the growth of the Oil Rig Count, which reflects the increase in oil production, oil rice lowering and the growth of the USD.     

Yesterday and today the price continues to test the strong and important level 0.      7170, the cluster of 38% and 50% Fibonacci from the whole range of the price movement during the last 3 years and the last falling wave.       The reaction to this level will determine the price dynamic in the nearest perspective.     
Today the important issues are the USA Producer Price Index (expected to be lower than the previous value, which is negative) and Fed's Yellen Speech, which can affect the market greatly.     

Support and resistance

Resistance levels: 0.      7485, 07390, 0.      7340, 0.      7250.     
Support levels: 0.      7050, 0.      7100, 0.      7170.     

Trading scenario

Open long positions at the current price with the target at 0.      7250, 0.      7340, stop loss is at 0.      7130.     
Alternative scenario: in case of a downward breakout at 0.      7170 open short positions with the target at 0.      7100, 0.      7050, stop loss is at 0.      7220.     





Post Merge: February 15, 2017, 11:30:26 AM
EUR/USD: general analysis

Current trend

Euro?s fall against the US Dollar that was happening since last week got a new impulse after the European Commission released its growth forecast on Monday.      Despite being quite positive about the eurozone perspectives, the report highlighted a number of problems and uncertainties, such as GDP growth below expectations, upcoming negotiations with the UK about their departure from the EU, lack of clarity about intentions of the new Trump?s administration, as well as questions about the labour market and inflation.     

Today attention needs to be paid to data on the Trade Balance from the eurozone and Consumer Price Index from the US, and also to Fed Chair Janet Yellen speech that could substantially support the Dollar.     

However, with generally positive outlook for the eurozone, the recent decline in the Euro could be a search by large players for a good entry to purchase the pair.     

Support and resistance

Support levels: 1.     0500, 1.     0340, 1.     0210.     
Resistance levels: 1.     0650, 1.     0707, 1.     0820, 1.     0930.     

Trading tips

Long positions can be opened from current prices with targets at 1.     0707, 1.     0820 and stop-loss at 1.     0520.     
Short positions can be opened from the level of 1.     0707 with the target at 1.     0500 and stop-loss at 1.     0760.     





Post Merge: February 16, 2017, 10:16:11 AM
XAU/USD: general analysis

Current trend
Yesterday, gold was strengthened after the speech by Janet Yellen.     In her speech, the head of the American regulator stressed that the next tightening of monetary policy depends directly on the statistics of labor market and real estate, as well as on the growth rate of inflation in the United States.     At the same time Yellen highlighted the opinion of most members of the committee that delay of the interest rates raise would be unwise.   

In addition, precious metals received support from the news of resignation of Michael Flynn.     The adviser of US President for National Security admitted that he discussed the sanctions against Moscow with Russian ambassador before Trump entered the office.     This news may serve as growth driver for XAU/USD in the medium term, as now, market participants are afraid of failure of Trump's plans to reduce the tax burden and to increase budget expenditures.   
Today traders will pay attention to the publication of macroeconomic statistics on the US real estate, as well as on the US labor market.     If both indicators will be positive for the US economy, the Fed will receive a strong signal to raise interest rates, which would support the dollar.   

Support and resistance
On the daily chart, the pair is trying to gain a foothold above the level of 1236.    00.     The indicator "Bollinger Bands" is directed upwards, and the price range continues to expand, reflecting the continuation of the current trend.     Histogram of MACD is in the positive zone, giving a buy signal.     Stochastic is approaching the overbought area.   

Support levels: 1226.    07, 1217.    71, 1206.    37, 1195.    62.   
Resistance levels: 1236.    66, 1247.    57, 1258.    32.   

Trading tips
Long positions should be opened at the current price with the targets at 1240.    70, 1244.    30 and stop loss at the level of 1230.    00.     Implementation period: 1-2 days.   
Short positions can be set at the level of 1230.    50 with take profit at 1219.    00 and stop loss at 1237.    80.     Implementation period: 1-2 days.   




Post Merge: February 17, 2017, 12:51:04 PM
NZD/USD: technical analysis

NZD/USD, D1
On the daily chart, the pair is trading in the lower Bollinger band.    The price remains just above the EMA65, EMA130 and SMA200 that are horizontal.    The RSI turned down having failed its longer MA.    The Composite, however, is growing.   
NZD/USD, H4
On the 4-hour chart, the pair is trading just below the middle MA of Bollinger Bands.    The price remains below the EMA14, EMA65 and EMA130 but above the SMA200 that turned horizontally.    The RSI is about to test its longer MA.    The Composite is falling having broken down its longer MA.   

Key levels
Support levels: 0.   7174 (local lows), 0.   7054 (April 2016 high), 0.   6983 (November 2016 lows).   
Resistance levels: 0.   7254 (61.   8% Fibonacci retracement), 0.   7315 (July 2016 highs), 0.   7332 (local highs).   

Trading tips
The price seems to have formed a new descending channel having bounced off its upper border.    The fall could continue.   
Short positions can be opened after the price rebound from the level of 0.   7220 with targets at 0.   7174, 0.   7054 and stop-loss at 0.   7254.    Validity ? 3-5 days.   
Long positions can be opened from the level of 0.   7254 with targets at 0.   7315, 0.   7332 and stop-loss at 0.   7235.    Validity ? 3-5 days.   





Post Merge: February 20, 2017, 12:52:24 PM
EUR/TRY: technical analysis

EUR/TRY, D1

On the daily chart, the pair is falling along the lower line of Bollinger Bands.   The price remains above the EMA65, EMA130 and SMA200 that start turning sideways.   The RSI is testing its most recent support, and thus may be forming a ?double bottom? reverse formation.   The Composite begins diverging with the price. 

EUR/TRY, H4

On the 4-hour chart, the pair is correcting up from the lower line of Bollinger Bands.   The price remains below its moving averages that turned down.   The RSI is growing having broken out its longer MA.   The Composite is about to test its longer MA as well. 

Key levels


Support levels: 3.  8330 (local lows), 3.  8081 (December 2016 highs), 3.  7913 (61.  8% Fibonacci retracement).   
Resistance levels: 3.  9205 (local highs), 3.  9547 (local highs), 4.  0110 (local highs). 

Trading tips


There is a chance of an upward reverse in the price.   
Long positions can be opened from the level of 3.  9205 with targets at 3.  9547, 4.  0110 and stop-loss at 3.  9015.   Validity ? 3-5 days. 
Short positions can be opened from the level of 3.  8330 with targets at 3.  8081, 3.  7913 and stop-loss at 3.  8454.   Validity ? 3-5 days. 





Post Merge: February 21, 2017, 02:36:10 PM
NZD/USD: the pair returns to the descending channel

Current trend
After the collision with the strong resistance level, the pair reversed and consolidated within the downtrend.  The main catalyst for the trend change were recent statements of the Head of US Federal Reserve regarding a possible rise of interest rates in the near future. 
This week's economic calendar doesn?t contain major releases, so the pair will be affected by the trading sentiment.  To date, trading sentiment is in favor of the US dollar. 
An alternative scenario in the short term would be the formation of sideways consolidation due to the lack of economic catalysts and decreasing demand.

Support and resistance
Technical indicators confirm the forecast of the fall: MACD shows a decrease in the volumes of short positions.
Support levels: 0. 7105, 0. 7080, 0. 7035, 0. 7005, 0. 6970, 0. 6915, 0. 6885, 0. 6860.
Resistance levels: 0. 7175, 0. 7200, 0. 7310, 0. 7370, 0. 7400, 0. 7445.

Trading tips
Building up short positions within the trend, entry point would be the current level, targets ? 0. 7035, 0. 6860, stop-loss ? 0. 7180.


« Last Edit: February 21, 2017, 02:36:10 PM by LiteForexAnalysis »

Offline Grahamaus

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Re: LiteForex Market Analytics
« Reply #33 on: March 11, 2017, 01:15:17 PM »
The NZD/USD has a clear down trend, so we obviously should open a sell here next week.



Post Merge: March 13, 2017, 11:16:53 AM
The AUD/USD has a down trend in general and it seems quite sensible to me to open a sell here right away.

« Last Edit: March 13, 2017, 11:16:53 AM by Grahamaus »

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Re: LiteForex Market Analytics
« Reply #34 on: March 13, 2017, 12:18:37 PM »
XAU/USD: general review

Current trend

Gold quotes are growing after lingering downward trend caused by strengthening of US dollar.              On Friday, US dollar was under pressure of weak data on average earnings in USA.              According to the data published, the indicator grew by 0.             2%, though analytics expected it to grow by 0.             3%.              Despite that new Nonfarm Payrolls data appeared to be better than forecasted, this provided no support for US currency.              Positive labor market data was already taken into account, as preliminary data from ADP had shown huge growth in employment.              Investors focused their attention on weak earnings growth and started locking in the profits for dollar positions.              As a result, gold rate grew by 0.             33%.              Gold quotes grew by 0.             20% more within today's trading session.             

Support and resistance

Today, gold is testing 1211.             06, but can't consolidate above it yet.              On the H4 chart, Bollinger Bands converge, predicting continuation of current upward trend.              MACD histogram is in negative zone, its volume is decreasing, signalling that there still is growth potential.             
Support levels: 1203.             81, 1198.             45, 1194.             83.             
Resistance levels: 1211.             06, 1216.             79, 1220.             67.             

Trading tips

Buy positions may be opened above 1211.             06 with Take Profit orders at 1216.             79 and stop-loss at 1209.             06.             
Sell positions may be opened below 1203.             81 with Take Profit orders at 1198.             45 and stop-loss at 1205.             80.             




Post Merge: March 14, 2017, 10:48:27 AM
CAC: technical analysis

CAC, D1

On the daily chart, the instrument is trading in the upper Bollinger band.             The price remains above its moving averages that are directed up.             The RSI is falling having formed a Bearish divergence with the price.             The Composite is about to test its longer MA, showing similar dynamics.             

CAC, H4

On the 4-hour chart, the instrument is correcting down to the lower line of Bollinger Bands.             The price remains above the EMA65, EMA130 and SMA200 that are directed up.             The RSI is falling having broken down its longer MA.             The Composite is showing similar dynamics.             

Key levels

Support levels: 4935.            5 (local lows), 4922.            3 (January highs), 4861.            8 (December 2016 highs).           
Resistance levels: 5018.            8 (local highs), 5089.            9 (June 2015 highs), 5202.            1 (August 2015 highs).           

Trading tips

The price is testing its strong resistance of the end of 2015.             There is a chance of a downward correction.             
Short positions can be opened from current prices with targets at 4935.            5, 4922.            3, 4861.            8 and stop-loss at 5002.            9.             Validity ? 2-3 days.           
Long positions can be opened from the level of 5018.            8 with the target at 5089.            9 and stop-loss at 5004.            8.             Validity ? 2-3 days.           





Post Merge: March 16, 2017, 09:10:53 AM
AUD/USD: general review

Current trend

Last week, AUD was decreasing due to the positive US economy data and RBA leaving the interest rate unchanged at the its previous minimum level.            Yesterday, after FOMC announced the decision to raise the interest rate to 1%, US dollar decreased.            J.            Yellen, Head of FOMC, confirmed that there should be more interest rate hikes this year, and her evaluation of US economy sounded positive.            Nevertheless, US dollar kept falling.            AUD/USD grew for more than 150 points rapidly, breaking through two strong resistance levels of 0.           7600 and 0.           7660, and almost reaching its 4-month maximum.            Night data on labor market and inflation in Australia appeared worse than expected, which weakened the pair a bit.           
Today, attention should be paid to data on new houses due on 14:30, and PMI index (the outlook is negative).           

Support and resistance

Today, the pair will most probably move upwards to the upper border of the D1 chart channel within 0.           7800-0.           7830.           
Support levels: 0.           7660, 0.           7600, 0.           7540, 0.           7490, 0.           7420.           
Resistance levels: 0.           7740, 0.           7780, 0.           7800, 0.           7830.           

Trading tips

Buy positions with targets at 0.           7740, 0.           7780 and stop-loss at 0.           7650 may be opened at market price.           
The alternative scenario is opening short positions at the level of 0.           7600 with targets at 0.           7540 and stop-loss at 0.           7650.           

Read more analytic on LiteForex site https://www.           liteforex.           com/trading/forex-analysis/





Post Merge: March 17, 2017, 08:14:35 AM
XAU/USD: technical analysis

XAU/USD, D1

On the daily chart the pair was corrected to the middle lint of the Bollinger Bands indicator.           The price will move within the sideway channel between upper and lower border of the indicator.         

The MACD histogram in near the zero line, its volumes are minimal, the signal line is ready to cross the zero line downwards and give a sell signal.         
?The Stochastic? is in the neutral zone, keeping a buy signal; the lines of the indicator are pointed upward.         

XAU/USD, H4

On the 4-hour chart the pair is growing along the upper border of the Bollinger Bands indicator.           The price tested the resistance level of 1231.          30, and the growth slowed down.           The price range, formed by the borders of the indicator, is still expanded, so the development of the upward trend is possible.         
The MACD histogram is in the positive zone; its volumes are slightly growing.           The signal line is crossing the zero line and the histogram?s body, giving a signal to open long positions.         
?The Stochastic? is in the neutral zone, keeping a weak sell signal, the lines are pointed downward.         

Support and resistance

Support levels: 1215.          50, 1195.          00, 1179.          55, 1149.          73, 1122.          46.         
Resistance levels: 1231.          30, 1258.          78.         

Trading scenario

Open long positions from the level of 1234.          00 with the target at 1250.          00.           Stop loss is at 1226.          00.           Implementation period: 1-2 days.         
Open short positions at the level of 1215.          00 with the target at 1195.          00 and stop loss at 1223.          00.           Implementation period: 1-2 days.         
Read more analytic on LiteForex site https://www.          liteforex.          com/trading/forex-analysis/





Post Merge: March 20, 2017, 11:55:50 AM
EUR/USD: general analysis

Current trend

The last week was positive for the EUR/USD pair due to the ?dovish? FRS mood of the interest rate rise and the positive for the EUR Netherlands Elections result.          The growth o the pair slowed in the end of the week due to the traders? fixing the profit, which presses the price to the level of 1.         0700.          The pair managed to close above this level, which entrusted the ?bulls?.          In the beginning of the week the pair is growing and tested the level of 1.         0780.         
Due to the absence of the significant news from the Eurozone and the USA, the pair will move within 1.         0800-1.         0600 in the short term and middle term period.         

Support and resistance

On the daily chart the pair is growing along the upper border of the Bollinger Bands indicator.          The MACD histogram is near the zero line, its volumes are growing, the signal line crosses the zero line upwards, giving a signal to open long positions.         
Support levels: 1.         0700, 1.         0640, 1.         0600.         
Resistance levels: 1.         0780, 1.         0800, 1.         0825.         

Trading scenario

Open long positions at the current price with the target at 1.         0800 and stop loss at 1.         0720.         
Short positions open from the level of 1.         0690 with the target at 1.         0640 and stop loss at 1.         0720.         
Implementation period: 1-3 days.         




Post Merge: March 21, 2017, 01:53:20 PM
XAG/USD: technical analysis

XAG/USD, D1

On the daily chart the pair is traded within the middle line and the lower border of the Bollinger Bands indicator, the growth of price slowed.         The MACD histogram is in the negative zone, its volumes are minimal, the signal line crosses the zero line downwards, giving a signal to open short positions.         The Stochastic is growing towards the border of the neutral zone whit the overbought one, the signal line is pointed upwards, in case of crossing of the border the sell signal will be received.       

XAG/USD, H4

On the 4-hour chart the pair is traded sideways within the narrow channel of the Bollinger Bands indicator borders.         The MACD histogram is in the positive zone, moving sideways and keeping its volumes at the level of 0.        060.         The Stochastic is in the neutral zone, giving no clear signal.       

Key levels

Support levels: 16.        80, 16.        20, 15.        75, 15.        50.       
Resistance levels: 17.        50, 18.        00, 18.        50.       

Trading scenario

Open short positions at the current price with the target at 16.        80.         Stop loss is at 17.        70.         Implementation period: 1-3 days.       
Open long positions at the level of 17.        70 with the target at 18.        50 and stop loss at 17.        30.         Implementation period: 1-3 days.       





Post Merge: March 22, 2017, 03:47:17 PM
FDAX: Fibonacci analysis

Growth recovery to 12008.       0 is expected

On the 4-hour chart the price broke down through the level of 11904.       5 (correction by 38.       2%) but stopped on the 50% line of the ascending fan.        This indicates the possibility of a turn to 12008.       0 (correction by 23.       6%, middle line of Bollinger Bands) and 12136.       0 (the area of March maximums).        The possibility of growth is confirmed by Stochastic that is about to leave the oversold zone and to form a buying signal, and by Fibonacci summation series, according to which the fall has been going on for five days.        To continue the fall, the price needs to consolidate below 50.       0% fan line.        In this case the targets of the "bears" will be 11820.       0 (correction by 50.       0%) and 11737.       0 (correction by 61.       8%).       

The price has been growing on D1 chart for over 90 days, and according Fibonacci summation series may continue to do so.        Currently the price has corrected from March maximums to the lower line of Bollinger Bands (12820.       0) and may regain growth to 12973.       5.        In case the price consolidates below it, it may continue decreasing to the levels of 11636.       5 (23.       6% correction for long-term trend; 76,4% correction for middle-term trend) and 11136.       5 (correction 38.       2%).       

Trading tips

Long positions may be open if the price consolidates over 11904.       5 with targets at 12008.       0 and 12136.       0.        Stop-loss order should be placed at 11873.       0.       

Alternative scenario

Alternatively, if the price consolidates below 50.       0% fan line, selling positions may be opened at the level of 11863.       0 with targets at 11820.       0, 11365.       0 and stop-loss at 11890.       0.       





Post Merge: March 23, 2017, 11:49:43 AM
XAU/USD: general analysis

Current trend

During the trading session on Wednesday the gold prices grew by 0.      38% due to the weakening of the USD.       The price met the resistance level of 1251.      21 and was slightly corrected.       The traders? activity lowered in expectation of the Head of the FRS Janet Yellen Speech today (14:45 GMT+2).       The investors are waiting for the signals about the interest rate rise.       If Janet Yellen implies the possibility of the rise on the June meeting, the USD will be significantly supported in the short term, which leads to the lowering the metal prices to the level of 1240.      37 and lower.       The neutral mood of the commentaries will support the gold prices to grow to the area of 1260.      00.     

Support and resistance

The technical picture is mixed.       The Bollinger Bands indicator is pointed upwards, reflecting the possibility of further growth.       The MACD histogram is in the positive zone, its volumes decreasing, reflecting the lowering of the traders? activity.       In case of breakout of the level of 1251.      21 the upward trend will develop further.     
Support levels: 1244.      17, 1237.      86, 1230.      84.     
Resistance levels: 1251.      21, 1260.      18, 1268.      51.     

Trading scenario

Open short positions below the level 1244.      17 with the target at 1237.      86 and stop loss at 1246.      17.     
Open long positions above the level 1251.      21 with the target at в районе 1260.      18 and stop loss at 1248.      20.     

Read more analytic on LiteForex site https://www.      liteforex.      com/trading/forex-analysis/




Post Merge: March 24, 2017, 10:57:11 AM
XAG/USD: technical analysis

XAG/USD, D1

On the daily chart, the instrument is trading on the middle MA of Bollinger Bands.      The price remains on the level with its moving averages that are horizontal.      The RSI is approaching its longer MA.      The Composite is testing its strong resistance.     

XAG/USD, H4

On the 4-hour chart, the instrument is trading in the upper Bollinger band.      The price remains just above its moving averages that start turning up.      The RSI is testing its longer MA from below.      The Composite turned up having failed its beginning of the week support.      Both indicators are forming a Bearish pattern.     

Key levels

Support levels: 17.     27 (local lows), 17.     20 (50% Fibonacci retracement), 16.     80 (March lows).     
Resistance levels: 17.     73 (local highs), 18.     02 (61.     8% retracement), 18.     38 (February highs).     

Trading tips

The price is testing its previous descending trendline that coincides with its moving averages that the middle MA of Bollinger Bands.      There is a chance of a downward rebound.     

Short positions can be opened from current prices with targets at 17.     27, 17.     20 and stop-loss at 17.     65.      Validity ? 3-5 days.     
Long positions can be opened from the level of 17.     73 with targets at 18.     02, 18.     38 and stop-loss at 17.     62.      Validity ? 3-5 days.     

Read more analytic on LiteForex site https://www.     liteforex.     com/trading/forex-analysis/





Post Merge: March 27, 2017, 12:52:21 PM
NQ: general analysis

Current trend

In the opening trading session the US indices restores the losses: after reaching the minimum at the level of 5314.    3 Nasdaq was corrected and now is trading at the level of 5332.    1.     The next target is at the 3/8 Murray or 5341.    9.   

The lowering was due to the cancelling of the health care reformation voting in the USA Congress.     The Republicans didn?t come to the agreement upon the necessity of the reformation and postponed the voting for the indefinite period.     A lot of investors were disappointed and began to doubt if Trump can provide the actions that he promised during the Evections and get the support of the Congress.     On the other hand the USA can partially benefit from the lowering of the USD, as the US goods will become more competitive in the worlds markets, which is quite difficult to imply due to the tightening of the monetary policy.   
This week the USA GDP data, which is to be published on Thursday, are worth traders? attention.     The index is expected to be 2%.   
On the technical picture the Stochastic is above the level of 20 and reflects the growth of the index.   

Support and resistance

Resistance levels: 5341.    9.   
Support levels: 5314.    3.   

Trading scenario

Open long positions at the current price with stop loss at 5314.    3 and the target at 5341.    9.   

Read more analytic on LiteForex site https://www.    liteforex.    com/trading/forex-analysis/




Post Merge: March 28, 2017, 01:02:39 PM
SPX: Fibonacci analysis

The new lowering to the levels of the March minima is possible.   

On the 4-hour chart the price rebounded from the level of the minima of the last two months and tried to be corrected to the middle line of the Bollinger Bands indicator (2342.   5).    The further movement is unlikely, as the pair should pass the downward fan.    The key ?bullish? level is at 2350.   0 (correction 38.   2%), in case of the breakout here the price can grow to the level of 2359.   5 (correction 50.   0%) and 2369.   0 (correction 61.   8%).    The new lowering to the area of the levels of 2323.   0 and 2319.   5 (the March minima) seems more likely to develop.    However in this case the price should be set below the middle line of the Bollinger Bands and the level of 2338.   5 (correction 23.   6%).    The Stochastic is reversing in the overbought area, which confirms the possibility of the lowering.   

On the daily chart the price rebounded from the level of 2318.   0 (correction 23.   6%) and now is moving to the area of the middle line of the Bollinger Bands (2365.   5).    The Stochastic has reversed upwards, which confirms the forecast.    However the possibility of the lowering is not excluded, as the sequence confirms it.    The first target of the movement will be the level of 2318.   0 (correction 23.   6%), which has been tested before.   

Trading scenario

The short positions seems more preferable, but open ones if the price is set below the level of 2338.   5 with the target at 2326.   0, 2319.   5.    Stop loss is at 2343.   0.   

Alternative scenario

Open long positions if the price is set above the level of 2350.   0 with the target at 2365.   5, 2369.   0 and stop loss at 2346.   0.   
Read more analytic on LiteForex site https://www.   liteforex.   com/trading/forex-analysis/





Post Merge: March 29, 2017, 02:31:32 PM
NZD/USD: technical analysis

NZD/USD, D1

On the daily chart, the pair is trading just above the middle MA of Bollinger Bands.   The price remains below its moving averages that start turning down.   The RSI is testing its longer MA from above.   The Composite is about to test its longer MA as well. 

NZD/USD, H4

On the 4-hour chart, the pair is trading in the lower Bollinger band.   The price remains just below its moving averages that start turning down.   The RSI keeps showing a Bearish dynamics.   The Composite, however, is growing and is about to test its longer MA.   

Key levels

Support levels: 0.  6992 (local lows), 0.  6950 (July 2016 lows), 0.  6888 (March lows). 
Resistance levels: 0.  7072 (local highs), 0.  7132 (February lows), 0.  7188 (local highs). 

Trading tips

The price is consolidating in a sideways channel.   Positions can be opened after a breakout of one of its borders.   
Short positions can be opened from the level of 0.  6992 with targets at 0.  6950, 0.  6888 and stop-loss at 0.  7020.   Validity ? 3-5 days. 
Long positions can be opened from the level of 0.  7072 with targets at 0.  7132, 0.  7188 and stop-loss at 0.  7048.   Validity ? 3-5 days. 

Read more analytic on LiteForex site https://www.  liteforex.  com/trading/forex-analysis/





Post Merge: March 30, 2017, 09:48:56 AM
AUD/USD: general analysis

Current trend

During the last 3 day the AUD/USD pair is growing despite the strengthening of the USD due to the positive commentaries of the USA FRS members Janet Yellen, Steven Kaplan, John Williams and Charles Evans.  In addition the USD was supported by the positive fundamental data: Pending Home Sales data (much better than expected) and the Consumer Confidence index (better than expected, renewal of the 5 year maximum).  However the pair was supported by the RBA Assist Gov Debelle Speech and the HIA New Home Sales data, so the AUD grew faster than the USD.

Today the USA Gross Domestic Product Annualized data (expected to be neutral), Personal Consumption Expenditures Prices (expected to be neutral) and the Initial Jobless Claims data (expected to be negative)
The pair is expected to grow further.

Support and resistance

Support levels: 0. 7660, 0. 7600, 0. 7540, 0. 7490, 0. 7420.
Resistance levels: 0. 7740, 0. 7780, 0. 7800, 0. 7830.

Trading scenario

Buy the pair at the current price with the target at 0. 7740, 0. 7780 and stop loss at 0. 7580.
Open short positions at the level of 0. 7600 with the target at 0. 7540 and stop loss at 0. 7650.

Read more analytic on LiteForex site https://www. liteforex. com/trading/forex-analysis/



« Last Edit: March 30, 2017, 09:48:56 AM by LiteForexAnalysis »

Offline Grahamaus

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Re: LiteForex Market Analytics
« Reply #35 on: May 18, 2017, 04:20:29 PM »
Gold prices dropped $18.65 yesterday as the U.S. dollar rallied after the Federal Reserve signaled it was likely to continue raising short-term interest rates gradually this year.


Post Merge: May 18, 2017, 04:21:08 PM
Technical selling was also behind gold?s 1.5% drop yesterday. The XAU/USD pair extended its losses as expected after prices broke below the 1250/48 zone, and tested the support at 1235.30.

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Re: LiteForex Market Analytics
« Reply #36 on: May 29, 2017, 11:07:47 AM »
GBP/USD: general review

Current trend

The rate of the pound rapidly fell against USD in the end of the previous week dropping by 230 points.              The pair closed trading at the level of 1.             2808 which is the lowest closing price in the previous four weeks.              The fall of GBP was caused by the polls taken in view of the upcoming UK election.              The positions of the conservative wavered after Manchester events.             

Last week the price failed to overcome an important level of 1.             3030 which would have given the "bulls" an additional impulse.              Today is a holiday in the UK and USA, therefore no activity in the market should be expected due to low liquidity.              This should keep the pair GBP/USD within the narrow range and in the consolidation regime.             

In the USA FOMC statement on the interest rate was more cautios than expected.              The regulator pointed out that the increase of interest rates will depend on the information received by it.              Therefore the release of the data on the nonfarm payrolls schedulled in the end of the week shall determine yet another direction for USD.              The pound, in turn, may be under pressure in view of the news about another referendum in Scotland on its exit from the UK in case of the victory of the dominant party at the election on June 8.             

Support and resistance

Support levels: 1.             2830, 1.             2800.             
Resistance levels: 1.             2850, 1.             2900, 1.             2930, 1.             2975, 1.             3015, 1.             3045.             

Trading tips

Short positions may be opened from the level of 1.             2790 with target at 1.             2700 and stop-loss at 1.             2820.             
Long positions may be opened from the level of 1.             2850 with targets at 1.             2900 and stop-loss at1.             2820.             
The period of implementation is 2-5 days.             



Post Merge: May 30, 2017, 09:12:46 AM
USD/CAD: general review

Current trend

The growth of Canadian dollar strengthened after the decision of the Bank of Canada on the interet rate made last week.             As a result the pair reached its six-weeks minimum from which upward correction (purple trend line) started.             Right now the movement of the pair is hindered by a stronger trend line ? the blue one.             The price is likely to meet it between the levels of 1.            3535 and 1.            3600.             
Today the dynamics of the pair may be influenced by the important data from Canada and the USA.             The data on the Canadian trading balance and raw materials prices index are due at 14:30 (GMT+2).             The information on personal income and expenditure will be published in the USA at the same time.           
The most likely scenario for today is the continuation of the pair's growth.           

Support and resistance

Support levels: 1.            3450, 1.            3400, 1.            3315, 1.            3260.           
Resistance levels: 1.            3535, 1.            3600, 1.            3700, 1.            3790.           

Trading tips

Long positions may be opened at the market price with targets at 1.            3535, 1.            3600 and stop-loss at 1.            3430.           
Alternatively, sell positions may be opened from the level of 1.            3426 with targets at 1.            3400, 1.            3315 and stop-loss at 1.            3456.           
The period of implementation is 1-2 days.           



Post Merge: May 31, 2017, 09:09:33 AM
USD/CHF: general review

Current trend

Yesterday the dynamics of the pair USD/CHF was determined by negative values of oth currencies.            After Swiss index of leading economic indicators for May appeared to be wore than expected, the pair moved up from the narrow two-weeks flat.            But weak data on the consumer confidence index from the USA returned the price of the pair back to the range indicating that it was falsely broken through.           
ZEW Indicator of Economic Sentiment is due today in Switzerland at 10:00 (GMT+2).           

PMI Chicago will be published at 15:45 (GMT+2).            The data on incompleted sales transactions in the US real estate market is due at 16:00 (GMT+2).            FOMC Beige Book Economic Review is due at 20:00 (GMT+2).             
 
Support and resistance

Support levels: 0.           9700, 0.           9640, 0.           9550.           
Resistance levels: 0.           9780, 0.           9850, 0.           9930, 1.           0000.           

Trading tips

Short positions may be opened at the market price with targets at 0.           9700, 0.           9640 and stop-loss at 0.           9780.           
Alternatively, buy positions may be opened from 0.           9780 with targets at 0.           9850, 0.           9930 and stop-loss at 0.           9740.           



Post Merge: June 01, 2017, 02:52:10 PM
NZD/USD: general analysis

Current trend

The New Zealand dollar is lowering during the trading session today.         
The NZD is weakening due to the poor PRC data publications.           According to Caixin, the China Manufacturing PMI lowered below the level of 50 for the first time from June, 2016.           In May the index lowered by 0.          7 to 49.          6 points.           The index evaluates the state of the manufacturing industry.           

A reading above 50 is perceived as positive for the Chinese economy.           A reading below 50 is perceived as negative.           The New Zealand economy is responsive to the PRC economical news, as China is its major trading partner.           
Today the list of US economical news will be published.           The ISM Manufacturing PMI is worth traders? attention, as it will give an insight of the economy growth rate, and the ISM Prices Paid.         

Support and resistance

On the 4-hour chart the pair is moving within the upward channel.           It is expected to trade near its lower border.           MACD is above the zero line, but its volumes are decreasing, Stochastic is pointed downwards.           The indicators give a sell signal.         

Support levels: 0.          7060, 0.          7020, 0.          6970.         
Resistance levels: 0.          7090, 0.          7130, 0.          7185.         

Trading scenario

Buy the pair after the price is set above the level of 0.          7090 with the target at 0.          7130 and 0.          7185, stop loss is at 0.          7070.         
Short positions seem more relevant, open ones below the level of 0.          7060 with the target at 0.          7020 and 0.          6970 and stop loss at 0.          7080.         
Implementation period: 1-2 days.         



Post Merge: June 02, 2017, 11:16:06 AM
NZD/USD: general analysis

EUR/USD: general review

Current trend

Thursday was volatile for the pair EUR/USD which was caused by yesterday?s releases and the news due today, in particular changes in nonfarm payrolls.         
Yesterday after slight growth during the morning trading the pair got cheaper in view of release on an ADP report on the level of employment in the private sector.          The indicator that precedes the NFP report showed growth and exceeded expectations strengthening USD and giving sufficient proof that the report on nonfarm payrolls will be positive.          Strong NP data in turn will indirectly support the increase of FOMC rates in June.         

The growth of initial jobless claims had a negative impact on the US currency and slowed down the fall of the pair.          It dropped to1.         1200 but failed to break through a strong support level.         
Today the market is expected to be highly volatile.         

Support and resistance

On the H1 chart the pair is demonstrating lateral movement within a narrow price range formed by the borders of Bollinger Bands.          MACD histogram is around the zero mark, and its volumes are minimal.         

Support levels: 1.         1200, 1.         1170, 1.         1120.         
Resistance levels: 1.         1240, 1.         1265.         

Trading tips

Short positions may be opened from the level of 1.         1190 with targets at 1.         1120 and stop-loss at 1.         1220.         
Long positions may be opened from 1.         1240 with targets at 1.         1290 and top-loss at 1.         1210.         
The period of implementation is 1-2 days.         


Post Merge: June 05, 2017, 11:24:12 AM
USD/CAD: general analysis

Current trend

The Canadian dollar fell last week against the US dollar, despite the fact that the data on Canadian GDP came out much better than expected.         Nevertheless, the significant fall in oil prices, which reached a three-week low last week, and the strengthening of the US dollar up until Friday weakened the Canadian currency; and the pair USD/CAD was growing.       

However, the trend line zone (blue) close to the resistance area of 1.        3550 once again showed its strength, and the pair was corrected downwards.         The correction of the pair also had a fundamental reason ? the Friday data of the US labor market, which turned out to be worse than the forecast.       

At the beginning of this week important indicators are going to be released: productivity level in the non-agricultural sector of the USA (14:30 GMT+2), it is expected to grow by 0.        4%; the index of business activity and the index of activity in the US services sector (15:45 GMT+2); the index of business activity in the non-manufacturing sector (PMI) of the US at 16:00 (GMT+2) (the forecast promises a decrease in the index by 0.        5 points).         Tomorrow, at 16:00 (GMT+2), the index of business activity in Canada will be published.       

We can hardly expect a rapid return of investor confidence after their disappointment with the US dollar on Friday, therefore, for the next two days we expect the consolidation of the pair.       

Support and resistance
Support levels: 1.        3450, 1.        3400, 1.        3315, 1.        3260.       
Resistance levels: 1.        3535, 1.        3600, 1.        3700, 1.        3790.       

Trading scenario

Short positions should be opened at the market price with the targets of 1.        3400, 1.        3315 and stop-loss at 1.        3540.       
An alternative scenario would be to buy at 1.        3535 with targets of 1.        3600, 1.        3700 and stop-loss at 1.        3470.       
Implementation time: 1-2 days.       





Post Merge: June 06, 2017, 02:15:13 PM
NZD/USD: weak US stats push the pair up

Current trend
The pair is growing for the fourth week and by now has reached a maximum value in the region of 0.       7170.        The US currency was seriously weakened by recent negative statistics: the number of new jobs fell to 138 thousand.        On Monday, unconvincing data showed the US business activity index in the non-industrial sector, which in March was worse than forecasted and amounted to 56.       9 points.        The deterioration of US statistics may slow the rate hike.        On the other hand, the general support for New Zealand currency is provided by the milk prices: according to the Global Dairy Trade auction, a stable growth of over 3% has been observed for 6 weeks.        In addition, the corporate news strengthen ?kiwi?: one of the largest dairy producers in Australia Murray Goulburn was forced to close part of the production and cut 360 jobs, which plays into the hands of the New Zealand company Fonterra, which holds about 30% of world exports of dairy products and providing significant income to the budget of New Zealand.       

Support and resistance
In technical terms, the price is testing the 0.       7170 level (Fibonacci correction of 23.       6%) and, in case of break through it can continue to rise to the levels of 0.       7250, 0.       7320, 0.       7375 (annual highs).        On the other hand, Stochastic's entry into the overbought zone indicates a possible downward correction to the mid-range of the Bollinger bands and Fibo?s 38.       2% ? to the 0.       7000 level.       

Support levels: 0.       7000, 0.       6875, 0.       6800.       
Resistance levels: 0.       7170, 0.       7250, 0.       7320, 0.       7375.       

Trading tips
In this situation, long positions can be opened above the level of 0.       7170 with targets of 0.       7250 and 0.       7320 and stop-loss order at 0.       7140.        With the rebound of the price from the level of 0.       7170, short positions with the target of 0.       7000 and stop-loss order 0.       7170 will become relevant.       




Post Merge: June 07, 2017, 11:58:31 AM
EUR/USD: general review

Current trend

Due to the empty macroecnomic calendar market participants continued to act based on the negative labor market statistics and to sell the US currency.       As a result the pair EUR/USD rose to the resistance level of 1.      1284.       After multiple tests of this level trading moved to the side channel.       The traders are waiting for the ECB fiscal policy meeting and the results of parliamentary election in the UK and do not open major positions.       If ECB increases its economic forecatrs, the rate of EUR/USD will continue to increase.       If the rhetorics of the European regulator appears to be mild, one may expect the rate of EUR/USD to decrease.       

Support and resistance

Technical indicators confirm the lateral tendency: Bollinger Bands are directed sidewards; MACD histogram is in the positive zone and moving alon the zero line.     
Support levels: 1.      1232, 1.      1180, 1.      1135.     
Resistance levels: 1.      1284, 1.      1324, 1.      1381.     

Trading tips

Sell positions may be opened below 1.      1232 with targets at 1.      1180, 1.      1135 at stop-loss at 1.      1265.     
Buy positions may be opened above 1.      1284 with targets at 1.      1324, 1.      1381 and stop-loss at 1.      1254.     



Post Merge: June 08, 2017, 09:09:14 AM
YM: general review

Current trend

Dow Jones continues to trade near historical maximums: 21223.     2 or 8/8 Murrey.      Breaking through and consolidation above this level will open it the way to 21250.     4.      In the near future a vote on the Financial Choice Act project may take place.      The purpose of the project is to reduce the level of regulation of the US baning system and reserve requirements for commercial banks.      If the project is passed, the market may experience excessive liquidity which in the end may positively influence the stock market.     

The second event that may impact stock markets all over the world is the UK parliamentary election.      According to the initial data, the majority of places in the Parliament is to be taken by the Conservative Party under the leadership of Theresa May.      However due to terrorist attacks the gap between them and other parties (namely the Labor Party) is narrowing.     
Initial and secondary jobless claims are also to be publised in the USA.      A slight drop by approximately 8 thousand is expected.     

Support and resistance

Stochastic is reaching the level of 80 points or the overbought zone and signals about possible correction.      Short positions may be opened only in case the lower support level of 7/8 Murrey or 21094.     1 is broken through.     
Support levels: 21094.     1.     
Resistance levels: 21223.     2.     

Trading tips

Short positions may be opened from the level of 21094.     1 with targets at 20937.     8 and stop-loss at 21223.     2.     



Post Merge: June 09, 2017, 09:17:26 AM
GBP/USD: general review

Current trend

The pound fell by over 200 points against US dollar in view of release of exit polls data.     According to them, the possibility that the Concervative Party may lose its absolute majority in the Parliament remained.     Prime Minister Theresa May called for an early election hoping to get far bigger advantage, and the results of the election were truly shocking.     Thus, according to recent BBC data, the conservatives are expected to get 318 places out of 650, and the Labor Party is to receive 267 places.     The Brexit process becomes even more uncertain now which will add risks for the pound in the short and medium term.   

The main item of the agenda today is the results of the UK election.     After the release of the official data the market is expected to become volatile.   

Support and resistance

Support levels: 1.    2700.   
Resistance levels: 1.    2750, 1.    2780, 1.    2800, 1.    2850.   

Trading tips

Short positions may be opened from the level of 1.    2670 with target at 1.    2600 and stop-loss at 1.    2700.   
Long positions may be opened from the level of 1.    2780 with target at 1.    2850 and stop-loss at 1.    2750.   
The period of implementation is 1-2 days.   


Post Merge: June 13, 2017, 10:48:14 AM
WTI Crude Oil: general review

Current trend

WTI quotes after a long fall moved to the upward correction phase from the level of 45.   36.    Oil prices gained certain support from the statement of the Minister of Energy of Saudi Arabia that his country has considerably decrease oil supply to the market.    Today market players will pay attention to initial data from API on weekly changes of oil reserves in the USA (22:30, GMT+2).    If the data shows the increase of the reserves, WTI quotes will get under pressure.    Otherwise oil prices will be supported in the short term.   

Support and resistance

Technical indicators point at the preservation of the buyers activity.    Bollinger Bands are pointing upwards.    MACD histogram is in negative zone, but its volume is decreasing, signalling about the increasing influence of the buyers.    Breaking through the level of 46.   85 will be a signal for growth continuation and will open the way to the level of 47.   80 for the buyers.    If the sellers take the initiative and drop the rate below the lower line of Bollinger Bands (46.   11), the fall will continue to 45.   38.   
Support levels: 46.   11, 45.   38, 44.   53.   
Resistance levels: 46.   85, 47.   80, 49.   00.   

Trading tips

Buy positions may be opened above 46.   85 with targets at 47.   80 and stop-loss at 46.   60.   
Sell positions may be opened below 46.   11 with targets at 45.   38 and stop-loss at 46.   40.   



Post Merge: June 14, 2017, 11:22:44 AM
GBP/USD: general review

Current trend

The rate of GBP/USD continues to gradually strengthen and has already reached the level of 1.  2800, but failed to consolidate above it.   

After the release of mixed statistics pon the UK labor market the rate moved downward.   Jobless Claims were better than expected and decreased to 7.  3K in May from 22K a month earlier.   Average salary was worse than expected: the growth of the indicator slowed down to 2.  1% in April against 2.  3% a month earlier.   Investors reacted to this news with the sales of the British currency.   

After the release of statistics from the UK the main macroeconomic event of the day will be the decision of FOMC on the interest rate followed by comments on the fiscal policy.   Market participants expect FOMC to increase the interest rate at its meeting by 0.  25 percentage points t 1.  25%.   Thus, the fact of the rate's increase has already been included into the current USD rate.   

If the rate is increased, US dollar will receive support in the short term which will lead to the reduction of GBP/USD rate.   If FOMC decides not to increase the rate, or if follow-up comments of its head show cautious or pessimistic attitude to the prospects of the US economy (level of unemployment, inflation), investors will start to sell USD which would lead to the growth of GBP/USD rate. 

Support and resistance

Technical indicators don't provide a clear signal.   Bollinger Bands are directed sidewards indicating lateral movement.   MACD histogram is reducing in the negative zone reacting to the recent growth of the rate but does not provide a clear signal.   Stochastic is directed downwards indicating the increasing influence of sellers. 
Support levels: 1.  2714, 1.  2674, 1.  2636. 
Resistance levels: 1.  2768, 1.  2802, 1.  2850. 

Trading tips

Sell positions may be opened below 1.  2714 with targets at 1.  2674-1.  2636 at stop-loss at 1.  2740. 
Buy positions may be opened above the level of 1.  2768 with targets at 1.  2802, 1.  2850 and stop-loss at 1.  2745. 



Post Merge: June 16, 2017, 12:47:57 PM
CAC: technical analysis

CAC, D1

On the daily chart, the instrument is trading in the lower Bollinger band.  The price remains above the EMA65, EMA130 and SMA200 that are directed up.  The RSI has formed a ?double bottom? reverse pattern.  The Composite is about to test its longer MA and keeps forming a Bullish divergence with the price. 

CAC, H4

On the 4-hour chart, the instrument is growing towards the upper line of Bollinger Bands.  The price remains just below the EMA65, EMA130 and SMA200 that are turning down.  The RSI is growing having broken out its longer MA.  The Composite is showing similar dynamics. 

Key levels

Support levels: 5155. 0 (April gap), 5090. 0 (March highs), 5078. 0 (June 2015 highs). 
Resistance levels: 5314. 0 (local highs), 5367. 0 (June highs), 5400. 0 (local highs). 

Trading tips

The price is approaching its short-term descending trendline.  Its breakout would lead to a growth continuation. 
Long positions can be opened from the level of 5314. 0 with targets at 5367. 0, 5400. 0 and stop-loss at 5275. 0.  Validity ? 3-5 days.
Short positions can be opened form the level of 5155. 0 with targets at 5090. 0, 5078. 0 and stop-loss at 5190. 0.  Validity ? 3-5 days.



« Last Edit: June 16, 2017, 12:47:58 PM by Mikhail Kurakin »
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Re: LiteForex Market Analytics
« Reply #37 on: June 19, 2017, 12:27:47 PM »
GBP/USD: general review

Current trend
Last week the Bank of England announced its decision on the interest rate.             The value of 0.            25% remained unchanged, but in the comments on the fiscal policy the representatives of the Central Bank announced not only positive aspects but also risks for the UK in view of the upcoming Brexit negotiations.             At the same time, BOE report on the monetary policy strengthened the pair after it became known that three out of eight members of the committee voted for the increase of the rate.             
Within the next week market participants may expect high volatility in the trading instrument as Brexit negotiations are going to be complicated.           
No important releases are expected from the USA or UK today, therefore the pair is likely to consolidated with a slight "bullish" tendency.             The key even of the current week will be the release of the data from the US Department of Labor on the number of initial jobless claims.           

Support and resistance
On D1 chart the pair is trading in the lower part of Bollinger Bands.             The indicator has reversed downwards while the price range has slightly narrowed confirming the turn from the upward trend.             MACD histogram is in the positive zone with its volumes reducing keeping the sell signal.             Stochatic does not give clear signal for entering the market.           
Support levels: 1.            2575, 1.            2665, 1.            2735.           
Resistance levels: 1.            2845, 1.            2905, 1.            2975, 1.            3015.           

Trading tips
Short positions could be opened from the level of 1.            2835 with targets at 1.            2665 and stop-loss at 1.            2890.             The period of implementation is 2-4 days.           
Long positions may be opened from the level of 1.            2865 with target at 1.            2980 and stop-loss at 1.            2810.             The period of implementation is 2-4 days.           


Read more analytic on LiteForex site https://www.            liteforex.            com/trading/forex-analysis/




Post Merge: June 20, 2017, 12:16:51 PM
Brent Crude Oil: general analysis

Current trend
Oil prices began to fall on May, 25, after the OPEC decision to prolong the oil production limitation Agreement.            In the end of the last week the price met the strong support around 46.           70.            The reaction of the oil price around this year minimum will possibly determine the further price movement in the nearest future.            The active development of the shale oil production in the USA is one of the main factors, which are weakening the oil.            Besides, the OPEC Agreement leads to the gradual lowering of the world oil resources.            In his last speech the Saudi Arabia Industrial and Energy Minister Khalid Al-Falih was confident, that in the 4th quarter 2017 the oil price and recourses will reach the needed balance.           
The EIA Crude Oil Stocks change data, which are due at 16:30 (GMT+2) tomorrow, will clear the further development of the situation.            The amount of the resources is expected to lower.            The Baker Hughes US Oil Rig Count, due at 19:00 (GMT+2) on Friday, is an important issue, too.           
Today at 14:00 (GMT+2) and at 21:00 (GMT+2) the USA FRS Members Fischer and Kaplan speeches will be published.            According to the last FRS Members commentaries and the Head of the FRS Janet Yellen speech rhetoric, they are trying to support the USD verbally despite the macroeconomic reality.           
The development of the correction is expected in the nearest two days.           

Support and resistance
Support levels: 46.           70, 45.           80, 45.           00, 44.           10.           
Resistance levels: 47.           30, 48.           50, 50.           00, 51.           50.           

Trading scenario
Open long positions at the current price with the target at 48.           50, 50.           00 and stop loss at 46.           90.           
Open short positions at the level of 46.           70, with the target at 45.           80, 45.           00 and stop loss at 47.           40.           


Read more analytic on LiteForex site https://www.           liteforex.           com/trading/forex-analysis/





Post Merge: June 21, 2017, 12:19:07 PM
AUD/USD: general review

Current trend
In the end of the previous week AUD consolidated in view of unexpectedly positive data from the Australian labor market.           The pair AUD/USD broke through the psychologically important level of 0.          7500 and the upper border of the 6-weeks upward channel (green line in H4).           After that the statements by FOMC members strengthened USD, and the pair consolidated between 0.          7570 and 0.          7630.           
Yesterday Australian dollar received support from the Reserve Bank of Australia that discused threats to financial stability in its meeting.           
Secondary housing market statistics from the USA is due today at 16:00 (GMT+2), and a slight decrease of the outlook is expected.           The data on the reserves of petrochemicals (with an expected drop in the volumes of crude oil and gasoline) are due at 16:30 (GMT+2).         
The main forecast for the next two days is the weakening of the pair.         

Support and resistance
Support levels: 0.          7530, 0.          7490, 0.          7440.         
Resistance levels: 0.          7570, 0.          7630, 0.          7680.           

Trading tips
Short positions may be opened at the market price with targets at 0.          7530, 0.          7490 and stop-loss at 0.          7590.         
Alternatively, long positions may be opened from the level of 0.          7570 with targets at 0.          7630, 0.          7680 and stop-loss at 0.          7510.         



Read more analytic on LiteForex site https://www.          liteforex.          com/trading/forex-analysis/





Post Merge: June 22, 2017, 12:25:11 PM
GBP/USD: general review

Current trend
The pair GBP/USD continues to show instability in view of political events in the UK.          Yesterday the pair dropped during early trading having tested the support level 1.         2600.          But after the promises of Prime Minister Theresa May to organize the Brexit procedure as mildly as possible, the price moved to 1.         2700.          Due to high volatility it is impossible to forecee futher movements of the price, and current marker instability may remain until the beginning of Brexit negotiations.         
Today in the absence of important macroeconomic releases from the UK and the USA attention should be paid to technical indicators.         

Support and resistance
On the H4 chart the pair is trading between the middle and lower lines of Bollinger Bands and is showing side movement.          MACD histogram is in the negative zone with the sale signal weakening.          Stochastic is in the neutral area showing side movement and does not give a clear signal for entering the market.         
Support levels: 1.         2635, 1.         2600.         
Resistance levels: 1.         2700, 1.         2750, 1.         2780, 1.         2800.         

Trading tips
Short positions may be opened from the current level with targets at 1.         2600 and stop-loss at 1.         2700.         
Long positions may be opened from the level of 1.         2720 with targets at 1.         2780 and stop-loss at 1.         2690.         
The period of implementation is 1-2 days.         


Read more analytic on LiteForex site https://www.         liteforex.         com/trading/forex-analysis/




Post Merge: June 23, 2017, 12:08:42 PM
WTI Crude Oil: technical analysis

WTI Crude Oil, D1
On D1 chart the instrument is decreasing along the lower border of Bollinger Bands.         The price range is widened, and the next target is the support level of 42.        00.         In case this level is broken through, the price will continue to move to 41.        50, 41.        00.         MACD histogram is in the negative area and gradually increases its volumes.         The signal line is crossing to body of the histogram  Stochastic is in the oversold zone and is about to cross the border wth the neutral area.       

WTI Crude Oil, H4
On the H4 chart the price corrected to the middle line of Bollinger Bands.         The price is moving within the 42.        00 - 43.        00 range formed by the middle and lower borders of the indicator.         MACD histogram is in the negative zone keeping a signal for the opening of short positions.         Stochatic is in the neutral zone, and the lines of the oscillator are directed downwards.       

Key levels
Support levels: 42.        00, 41.        50, 41.        00.       
Resistance levels: 44.        00, 45.        80, 46.        50, 47.        15, 48.        00, 49.        30, 50.        00, 50.        50, 51.        70, 52.        50, 53.        00.       

Trading tips
According to technical indicators, short positions could be opened from the current level with targets at 42.        00 and stop-loss at 43.        20.         The period of implementation is 1-2 days.       
Long positions may be opened from 44.        30 with targets at 45.        80 and stop-loss at 43.        80.         The implementation period is 3-5 days.       



Read more analytic on LiteForex site https://www.        liteforex.        com/trading/forex-analysis/





Post Merge: June 27, 2017, 12:44:37 PM
Brent Crude Oil: general review

Current trend
Oil quotes attempted to grow once again.        Moving away from the support level of 45.       17, they are trying to consolidate above the resistance level of 46.       31.        Technical indicators show the increasing influence of the buyers.        Bollinger Bands are pointing upwards.        The volumes of MACD histogram are actively reducing in the negative zone and have moved to the positive one.        Breaking through the level of 46.       31 will be a signal of growth continuation.        In this case the nearest targets of the buyers will be 47.       00, 48.       00.        If the level of 46.       31 is not bronek through, and the sellers manage to take the initiative, the fall will continue to 45.       58, 44.       48.       
Today market players will pay attention to initial data from API on weekly changes of oil reserves in the USA (22:30, GMT+2).        If the report points at considerable reduction of reserve, Brent will gain strong support in the short term.        Otherwise the fall will continue.        Generally the news in the oil market remain negative.        The market still has not seen any effect from OPEC+ agreement extension.        Due to the remaining oversupply of oil it is difficult for the prices to move to stable growth.       

Support and resistance
Support levels: 45.       58, 44.       48, 43.       52.       
Resistance levels: 46.       31, 47.       00, 48.       01.       

Trading tips
Buy positions may be opened above the level of 46.       31 with targets at 47.       00, 48.       00 and stop-loss at 46.       20.       
Sell positions may be opened below 45.       58 with targets at 44.       48 and stop-loss at 48.       88.       


Read more analytic on LiteForex site https://www.       liteforex.       com/trading/forex-analysis/




Post Merge: June 28, 2017, 12:02:43 PM
NZD/USD: general review

Current trend
As a result of yesterday's trading the rate of the pair NZD/USD demonstrated mixed dynamics and closed at 0.      7269.       USD consolidated in view of comments by the member of FOMC Open Markets Committee Patrick Harker supporting the increase of the rates this year.       The pair was also influenced by the "hawkish" tone of comments made by the ECB head Mario Draghi who stated that the increase of interest rates in the near future.       Fiscal policies of ECB and FOMC differ from that of the Reserve Bank of New Zealand.       While FOMC and ECB speak about the increase of the rates, RBN remains neutral.     
Today the rate of the pair may be influenced by the data on the on-going housing sales transactions from the USA.       The indicator is expected to grow by 0.      8% and a result above expected may give additional support to USD.     

Support and resistance
On the H4 chart the instrument is moving in the narrow range formed by middle and lower lines of Bollinger Bands.       MACD histogram is in the positive area with it volumes decreasing.       Stochastic is crossing the borders of the neutral zone and the oversold zone from below, forming a signal for the opening of long positions.     
Support levels: 0.      7250, 0.      7200, 0.      7160, 0.      7130, 0.      7100, 0.      7050.     
Resistance levels: 0.      7280, 0.      7320, 0.      7350.     

Trading tips
Short positions may be opened from 0.      7250 with targets at 0.      7200 and stop-loss at 0.      7280.     
Long positions may be opened from 0.      7290 with targets at 0.      7340 and stop-loss at 0.      7260.     
The period of implementation is 1-3 days.     


Read more analytic on LiteForex site https://www.      liteforex.      com/trading/forex-analysis/




Post Merge: June 29, 2017, 12:23:01 PM
USD/CHF: general analysis

Current trend
The US dollar has been weakening against the Swiss franc for the third day.      At the moment the pair is trading at the level of 0.     9577.      The nearest key support level is 0.     9521.      The fall of the USD is caused mainly by the IMF commentary upon the decreasing of the expecting growth rate of the US economy.      Analysts expect that the forecast is connected with the disagreement of the Republicans and Democrats in the White House, which can prevent all the President?s attempts to imply the tax reformation.      Originally the plan was to decrease the federal budget income tax rate for corporations to 15%.      According to Congressmen, the step can lead to 2 trillion USD shortage in the budget.      On the other hand, this can lead to the increase of the economy growth rate and compensate the lowering of the tax base.      In addition, the IMF experts noted that the USD is overpriced by 10-15% against main world currencies at the moment, which undermines the competitiveness of the US goods and negatively affects the economy growth.     
The Initial Jobless Claims data will we published today in the USA: the index is expected to stay at the same level of 240K.      The Q1 Gross Domestic Product Annualized publication is also expected today.     

Support and resistance
Support level: 0.     9521.     
Resistance level: 0.     9643.     

Trading scenario
Long positions can be opened at the level of 0.     9643 with the target at 0.     9700 and stop loss around 0.     9521.     



Read more analytic on LiteForex site https://www.     liteforex.     com/trading/forex-analysis/




Post Merge: June 30, 2017, 11:57:22 AM
AUD/USD: general analysis

Current trend
The AUD/USD pair is strongly growing during the last week, and the main driver of the increase is the uncertainty in the further USA monetary policy.     
Yesterday the key issue was the President of the Federal Reserve Bank of St.     Louis James Bullard?s speech, after which the pair managed to break the resistance level of 0.    7780 and reached March maximum.     According to Bullard, the main FRS problem is the inflation level in the country, which doesn?t meet the US regulator?s plans to increase the interest rate this year.     The FRS official added that it?s difficult to reach the target of 2%, and the fall of the treasury bonds yields is connected with the inflation risks.     However, Bullard highlighted the good employment YoY data and accented, that he expected the more positive statistics in the future.   
Today the traders should pay attention to the Personal Spending data publication in the USA.     The index is the key inflation indicator, and the weak data can support the pair greatly.   

Support and resistance
On the daily chart the pair consolidated above the level of 0.    7680.     Bollinger Bands are pointed upwards, as the price range stays the same, which reflects the development of the upward trend.     MACD histogram is in the positive zone, keeping the buy signal.     Stochastic entered the oversold area.   
Support levels: 0.    7675, 0.    7637, 0.    7610, 0.    7575.   
Resistance levels: 0.    7712, 0.    7740, 0.    7765.   

Trading scenario
Long positions can be opened at the current price with targets at 0.    7715, 0.    7755 and stop loss at 0.    7655.     Implementation period: 1-3 days.   
Short positions can be opened at the level of 0.    7655 with the target at 0.    7580 and stop loss 0.    7685.     Implementation period: 1-3 days.   


Read more analytic on LiteForex site https://www.    liteforex.    com/trading/forex-analysis/




Post Merge: July 03, 2017, 11:51:18 AM
XAG/USD: general analysis

Current trend
Silver has been weakening during the last months, and last week has almost reached the 2-month minima at the area of 16.   20-16.   50.    Other precious metals, gold and platinum, are trading with the same dynamics.    This decrease is characterized by the simultaneous fall of the US dollar.    Why the traders aren?t using the precious metals as a safe haven? Take a look at the main currency pairs? dynamics, especially commodity ones.    During the last 4-6 weeks all the commodity currencies have been growing.    Canadian, European and the UK currency grew due to the tightening of its regulators? rhetoric.    The AUD was supported by the growth of the copper and iron ore prices.    In the most of these countries the growth of the governments bonds? yields can be seen, and it attracts the additional investors? recourses and decreases the investors? interest of the precious metals.   
Last week as a result silver fell to the strong support level, which consist of two daily channels borders: the lower border of the blue 18-month channel and the upper border of the 1-year black channel.   
Today the key data, which will be published, are: US Markit Manufacturing PMI at 16:00 (GMT+2), which is expected to be slightly positive, the Unemployment Rate at 11:00 (GMT+2) in the EU (slight decrease by 0.   1% is expected).   
The growth of silver within the correction from the strong support level is expected in the next two days.   

Support and resistance
Support levels: 16.   45, 16.   00, 15.   60, 15.   00.   
Resistance levels: 16.   80, 17.   10, 17.   35.   

Trading tips
Long positions can be opened at the current price with the targets at 16.   80, 17.   10 and stop loss at 16.   25.   
Short positions can be opened at the level of 16.   45 with the targets at 16.   00, 15.   60, stop loss is at 16.   90.   
Implementation period: 2-3 days.   


Read more analytic on LiteForex site https://www.   liteforex.   com/trading/forex-analysis/





Post Merge: July 04, 2017, 12:08:31 PM
EUR/USD: the Independence Day calmed the market

Current trend
On Monday the pair was corrected due to the strong USA Markit Manufacturing PMI publication, which exceeded the expectation in June and reached the level of 57.  8 points (the most significant growth from 2014).   
At the moment the pair is trading within the range of 1.  3700?1.  1345, as the market is calm due to the Independence Day celebrating in the USA.   The market will activate on Wednesday, after the EU Retail Sales and USA FOMC Minutes publication.   The Minutes can clear the further intentions of the regulator.   The investors are sure that the monetary policy will be tightened in the future, as it was confirmed by the FRS officials, including the head of the FRS Janet Yellen, but the specific time of the interest rate increase is unknown.   

Support and resistance
From the technical point of view, the pair can be corrected too, as the price is around the upper border of a strong sideways channel.   In such conditions the decrease can develop to the area of the middle line of Bollinger Bands 1.  1250 and further, to 1.  1190 (Fibonacci correction 23.  6%) and to 1.  1100 (area of crossing with the Fibonacci fan line 38.  2%).   The possibility of the downward correction is confirmed by the technical indicators.   The MACD histogram consolidated in the positive zone.   Stochastic is leaving the overbought area and forms a sell signal.   The growth can restore if the price consolidates above the level of 1.  1440 with the targets at 1.  1530 and 1.  1610. 
Support levels: 1.  2500, 1.  1190, 1.  1100, 1.  1050. 
Resistance levels: 1.  1440, 1.  1530, 1.  1610. 

Trading tips
Short positions can be opened at the current price with the targets at 1.  1250, 1.  1190 and stop loss at 1.  1390.   
If the price is set above the level of 1.  1440, the long positions can become relevant with the targets at 1.  1530, 1.  1610 and stop loss at 1.  1400. 


Read more analytic on LiteForex site https://www.  liteforex.  com/trading/forex-analysis/




Post Merge: July 06, 2017, 12:14:37 PM
WTI Crude Oil: general review

Current trend
Yesterday WTI quotes dropped by over 3% to the level of 45. 00 after it was announced that OPEC states had increased the volume of exported oil by 450K barrels to 25. 92 mln barrels a day.  The data from API released by the end of the trading session showed the decrease of US commercial reserves by 5. 76 mln barrels a week.  Investors reacted to it with active purchases of oil futures which helped WTI rate return to the level of 46. 00. 
Today market players are waiting for the official data from the US Department of Energy on weekly changes of oil reserves (17:00 GMT+2).  They are expected to reduce by 2. 283 mln barrels per week against growth by 0. 118 mln barrels in the previous week.  The confirmation of the forecast or bigger decrease than expected m support oil prices in the short term.  If the data shows smaller reduction of reserves, oil quotes may resume falling. 

Support and resistance
On the 4-hour chart, technical indicators show that the fall tendency remains: Bollinger Bands are directed downwards, and the volumes of MACD histogram are reducing in the positive zone.  Downward movement may continue after the price consolidates below 45. 51.  In this case the sellers will try to drop the rate to 44. 53-43. 60.  If the buyers manage to increase the rate above 46. 11, growth may continue to 46. 85. 
Support levels: 45. 51, 44. 53, 43. 60.
Resistance levels: 46. 11, 46. 85, 47. 80.

Trading tips
Sell positions may be opened below 45. 51 with targets at 44. 53, 43. 60 at stop-loss at 46. 00.
Buy positions may be opened above the level of 46. 11 with targets at 46. 85, 47. 80 and stop-loss at 45. 70.


« Last Edit: July 06, 2017, 12:14:37 PM by LiteForexAnalysis »

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Re: LiteForex Market Analytics
« Reply #38 on: July 14, 2017, 12:56:12 PM »
LiteForex.             NI225: technical analysis

NI225, D1

On the 4-hour chart, the instrument is trading just below the lower line of Bollinger Bands.             The price remains below its moving averages that are horizontal.             The RSI is falling having broken down its longer MA.             The Composite is approaching its strong support region.             

NI225, H4

On the hourly chart, the instrument is falling along the lower line of Bollinger Bands.             The price remains just below its moving averages that start turning down.             The RSI is approaching the border of the oversold zone.             The Composite is falling as well.             
Key levels
Support levels: 19889.            00 (local lows), 19865.            00 (July lows), 19670.            00 (March highs).             
Resistance levels: 20198.            00 (July highs), 20288.            00 (June highs), 20550.            00 (May 2015 highs).             

Trading tips

The price is forming a ?contraction triangle? pattern.             Positions can be opened after a breakout of either of its borders.             
Long positions can be opened from the level of 20198.            00 with targets at 20288.            00, 20550.            00 and stop-loss at 20090.            00.             Validity ? 3-5 days.           
Short positions can be opened from the level of 19865.            00 with the target at 19670.            00 and stop-loss at 19963.            00.             Validity ? 3-5 days.           


Post Merge: August 04, 2017, 03:32:47 PM
LiteForex.            XAU/USD: general review
 
Current trend

After yesterday's fall gold price has restored lost positions and is currently trading at the level of 1268.           00.            The price of the metal as a safe haven asset is growing, while US dollar is weak after the Fed's refusal to increase the rates this year due to low inflation.           

On Friday the market is waiting for a report on the number of non-farm payrolls.            NFPR will gain 183K in July against 222K in June.            The level of unemployment will drop to 4.           3% from 4.           4%, and average hourly salary will slightly grow from 0.           2% to 0.           3% in June, as expected.           

Support and resistance

On the H4 chart XAU/USD is consolidating near the 1268.           00 mark.            The price has returned to the upward channel after a false break-through.             MACD indicator is below the signal line with its volumes reducing, Stochastic lines are in the overbought area and directed to the side.           

Resistance levels: 1273.           70, 1280.           00, 1288.           00.           
Support levels: 1256.           00, 1250.           00, 1242.           00.           

Trading tips

The pair may be bought if the price breaks through 1274.           00 with target at 1280.           00 and stop-loss at 1272.           00.           
Short positions should become relevant below the level of 1263.           00 with targets at 1250.           00 and stop-loss at 1266.           00.           
Implementation time: 1-2 days.           



Post Merge: August 07, 2017, 03:35:59 PM
LiteForex.           WTI Crude Oil: general review

Current trend

Today the price for WTI continues to move within the narrow side range 48.          50-49.          70.           

During the Friday trading the price of oil was supported by the data on the reduction of the number of oil rigs in the USA.           Within the week that ended on August 4 it was reduced by 1 to 765.         

On the other hand, despite that the production of oil in the USA reached 9.          43mln barrels a day which is the highest indicator since August 2015.           Moreover, according to last week's release by Thompson Reuters Oil Research, the export of oil in OPEC states in July reached the record-setting level of 26.          11 barrels a day.         
In the beginning of the current week the members of OPEC+ technical committee will meet in Abu Dhabi to discuss the fulfillment of obligation to reduce oil production by certain parties to the agreement.         

Support and resistance


The price of WTI is trading around MA(200) at the level of 49.          50 and is still unable to break through it.           MACD indicator is located above zero and signal lines, and Stochastic is in the neutral zone with its lines pointing downwards.           Indicators give uncertain signals.           

Resistance levels: 46.           60, 47.          40, 48.          20.         
Support levels: 45.          80, 45.          20, 44.          40

Trading tips

Short positions may be opened from the level of 48.          40 with target at 47.          30 and stop-loss at 49.          00.           
Buy positions may be opened if the price consolidates above 50.          40 with targets at 51.          90 and stop-loss at 50.          00.         
The period of implementation is 1-2 days.           



Post Merge: August 08, 2017, 03:24:26 PM
LiteForex.          SX5E: technical analysis

SX5E, D1

On the daily chart, the instrument is trading in the upper Bollinger band.          The price remains above its moving averages that start turning up.          The RSI is about to test its strong resistance.          The Composite is growing as well.         

SX5E, H4

On the 4-hour chart, the instrument is trading in the upper Bollinger band.          The price remains just below the SMA200 and above the EMA14, EMA65 and EMA130 that start turning up.          The RSI is growing towards the border of the overbought zone.          The Composite turned up as well.         

Key levels

Support levels: 3462.         0 (local lows), 3430.         0 (July lows), 3399.         0 (April lows).         
Resistance levels: 3515.         0 (local highs), 3533.         0 (July highs), 3552.         0 (May lows).         

Trading tips

The price is consolidating above its previous descending trendline.          The growth is likely to continue.         
Long positions can be opened from the level of 3515.         0 with targets at 3533.         0, 3552.         0 and stop-loss at 3502.         0.          Validity ? 3-5 days.         
Short positions can be opened from the level of 3462.         0 with targets at 3430.         0, 3399.         0 and stop-loss at 3480.         0.          Validity ? 3-5 days.         




Post Merge: August 09, 2017, 12:11:32 PM
LiteForex.         USD/CAD: general analysis

Current trend

The USD/CAD pair is moving within the narrow range, waiting for significant fundamental or economical releases, which can determine the further dynamics.         The growth of the pair slowed after significant growth in the end of the last week.         The market split into two parts, one considers the strengthening of USD against CAD reflects the decrease of oil prices in the nearest future, the other believes that the pair is in the correction of the strong downward trend, and soon the pair will fall again.       

Today traders should pay attention to Q2 Unit Labor Costs publication and Nonfarm Productivity statistics in the USA.         In Canada Housing Starts data will be released, which reflect the strength of Canadian housing market and shows the economy state.         The decrease against the previous values is expected, which can affect Canadian currency negatively.       

Support and resistance

On the 4-hour chart the pair is moving within the narrow range, formed by the upper border and the middle line of Bollinger Bands.         MACD is in the positive zone, keeping a signal to open long positions.       

Support levels: 1.        2660, 1.        2635, 1.        2600, 1.        2550.       
Resistance levels: 1.        2700, 1.        2730, 1.        2750.       

Trading tips

Long positions can be opened at the current level with the target at 1.        2730 and stop loss at 1.        2635.         Implementation period: 1-3 days.       
Short positions can be opened at the level of 1.        2600 with the target at 1.        2550 and stop loss at 1.        2635.       
Implementation period: 2-5 days.       



Post Merge: August 10, 2017, 02:19:54 PM
LiteForex.        EUR/USD: the pair is decreasing in view of the upcoming inflation data

Current trend

The quotes of EUR/USD are decreasing today.        Euro appeared to be under pressure of negative data on the volume of industrial output in France which reduced by 1.       1% in June.        Moreover, the fall of the pair was facilitated by the investors? waiting for tomorrow?s data on CPI.        The indicator is expected to grow in July from 0.       0% to 0.       2% MoM and from 1.       6% to 1.       8% YoY.        The correctness of this forecast is proven by the growth of average salary in the USA in July by 0.       3%.        On the other hand, import prices have been decreasing since January, although the outlook for July is positive as well (the indicator is expected to grow by 0.       1% after 2 months of falling).        Generally, the possibility of inflation growth in the USA is quite high, but it may not reach the forecast levels.       

In the absence of important economic statistics today attention may be pair do the statement by the member of the Fed, head of FRB New York William Dudley in the framework of press briefing dedicated to the issues of salary payment in the region.        Geopolitics may also make corrections to the movement of the pair.        According to recent data, the US Department of Defense already has a plan of a preventive strike at 20 military objects of North Korea.        Further aggravation of the situation between the USA and North Korea may lead to considerable market volatility and the weakening of USD.       

Support and resistance

Currently the price is testing an important support level of 1.       1700 (Fibo correction 23.       6%, Murrey main support level , lower line of Bollinger Bands).        Breaking through it may lead to further reduction to 1.       1655 and 1.       1590 (Fibo correction 38.       2%, Murrey level ).        One may speak about growth after the consolidation of the price above the level of 1.       1755 (Fibo correction 38.       2% for the long-term trend, middle line of Bollinger Bands).        In this case the price may grow to 2-week maximums at 1.       1890.       

Support levels: 1.       1700, 1.       1590, 1.       1500.       
Resistance levels: 1.       1755, 1.       1825, 1.       1890.       

Trading tips

In the current situation short positions should be opened after the price consolidates below 1.       1700 with targets at 1.       1655 and 1.       1590.        Stop-loss should be placed at 1.       1740.       

Long positions will become relevant after the breakout of the level of 1.       1755 and the middle line of Bollinger Bands.        The targets will be at 1.       1825 and 1.       1890.        Stop-loss should be placed at 1.       1710.       



Post Merge: August 11, 2017, 09:30:22 AM
LiteForex.       XAU/USD: general analysis

Current trend

XAU/USD is strengthening due to the poor macroeconomic statistic publication in the USA and political tense between USA and North Korea.       

Yesterday the Initial Jobless Claims data were published, which were worse than expected: the index grew from 241 to 244K, as the experts supposed the fall to 240K.       In addition, the July Producer Price Index unexpectedly falls by 0.      1%, which resulted in the decrease of the YoY indicator.       The USD is also under the pressure due to New York Fed?s president William Dudley?s statement, who expressed the fear of the low inflation.       In the current situation gold is an attractive asset for the investors in the short term.     

Today?s key release is Consumer Price Index publication in the USA.       If the indicator is worse than expected, the pair will too likely to renew the year highs.     

Support and resistance

On the daily chart the instrument is trying to consolidate above the level of 1290.      00.       Bollinger Bands are pointed upwards; the price range stays the same, reflecting the high possibility of the development of the upward trend.       MACD histogram is in the positive zone, keeping buy signal.       Stochastic is ready to enter the overbought area.     

Support levels: 1265.      00, 1270.      40, 1274.      75, 1280.      75.     
Resistance levels: 1289.      00, 1296.      20, 1307.      00.     

Trading tips

Long positions can be opened at the level of 1289.      50 with the target at 1300.      00 and stop loss at 1286.      00.       Implementation period: 1?2 days.     
Short positions can be opened at the level of 1280.      00 with the target at 1270.      25 and stop loss at 1284.      00.       Implementation period: 1?2 days.     



Post Merge: August 16, 2017, 09:23:11 AM
LiteForex.      GBP/USD: pound is under the pressure of high inflation

Current trend

On Tuesday the pair was rapidly corrected to the level of 1.     2845 (Fibonacci correction 61.     8%).      US dollar was supported by strong July Retail Sales data (in July the index grew by 0.     6%) and new rumors upon the soon Fed?s interest rate rise.      On the other hand, pound is under the pressure of June UK Consumer Price Index, which stayed at the same high level of 2.     6%, as the fall of fuel prices was balance by the growth of food prices.     

The long term maintenance of the high level of inflation raises concerns of market, as the earning index in the UK don?t keep pace with the Consumer Price Index growth, which leads to the impoverishing of the households, fall of retail sales and pressure on the GDP.     

Today the Average Earnings data will be published in the UK, the index including bonus is expected to stay on the same level of 2.     0% and index excluding bonus ? on the level of 1.     8% In this case the pair can decrease further.      In addition, investors are waiting for the employment market data in the UK, which are expected to be more positive.      The decrease of unemployment level from 5.     9K to 3.     7K is expected in June.     

Support and resistance

Technically the pair is trading within the narrow sideways range of 1.     2845 (Fibonacci correction 61.     8%) and 1.     2880 (Murray ), waiting for the employment and earnings data.      In case of breakout of the upper border of the range the price can grow to the levels of 1.     2930 (Fibonacci correction 50.     0%, the middle line of Bollinger Bands) and 1.     3005 (Fibonacci correction 38.     2%, Murray ).      The consolidation of the price below the level of 1.     2845 can let it go down to the area of 1.     2800 and 1.     2750 (Fibonacci correction 61.     8%).     

Support levels: 1.     2845, 1.     2800, 1.     2750.     
Resistance levels: 1.     2880, 1.     2930, 1.     3005.     

Trading tips

Long positions can be opened after the breakout of the level of 1.     2880 with the targets at 1.     2930, 1.     3005 and stop loss around 1.     2840.     
Short positions can be opened below the level of 1.     2845 with the targets at 1.     2800, 1.     2750 and stop loss at 1.     2880.     



Post Merge: August 18, 2017, 11:35:39 AM
LiteForex EUR/USD: the pair is trading in the downward channel

Current trend

On Thursday the pair tested the level of 1.    1700 (Fibonacci correction 23.    6%) again, but couldn?t consolidate below it and began to grow after the poor July US Industrial production data publication (the indicator decreased from 0.    4% to 0.    2%).     At the moment the price is trading around the middle line of Bollinger Bands (1.    1740) due to controversial factors.     EUR is under the pressure of the terrorist acts in Spain, as USD is affected by the conflict in Trump?s administration.     The rumors about the chief President economic advisor Gary D.     Cohn resign were not confirmed, which slowed the fall of the US currency.   

Yesterday the Head of FRB Robert S.     Kaplan mentioned that the politics and investors should be patient and reasonable in waiting for the new interest rate rise.     He also said that the balance-sheet reduction process can be started in the nearest future, while it?s better to wait for the stable growth of the inflation before the interest rate rise, which disappointed the market.   

Support and resistance

Technically the pair is trading within the downward channel and is tending to its upper border at the area of 1.    1780 (Fibonacci correction 38.    2% for the long term trend).     In case of breakout the price can grow to August highs at the level of 1.    1880.     In case of reversal around 1.    1780 the fall to the key support level of 1.    1700 (Fibonacci correction 23.    6%, Murray ) is possible.   

Support levels: 1.    1700, 1.    1590, 1.    1500.   
Resistance levels: 1.    1780, 1.    1880, 1.    1950.   

Trading tips

Short positions can be opened at the current price or at the level of 1.    1780 with the targets at 1.    1700 and 1.    1590 from stop loss at around 1.    1810.   
If the price is set above the level of 1.    1780, long positions will become relevant with the target at 1.    1880 and stop loss at 1.    1760.   



Post Merge: August 21, 2017, 12:04:26 PM
LiteForex WTI Crude Oil: general review

Current trend

Oil prices grew rapidly after the release of the data from Baker Hughes on Friday indicating the reduction in the number of active drilling rigs in the USA by 5 to 763 which is the biggest reduction of the indicator in the last 7 months.    In view of this the quotes of WTI grew by 3.   38% to 48.   60.   

Oil prices were additionally supported by the news that Exxon Mobil Corp decided to close one of the biggest refineries in the USA.    Today WTI quotes are gradually reducing in the framework of downward correction.   

Support and resistance

In he absence of growth drivers downward correction is likely to continue in the near future.    The main target of correction seems to be the level of 47.   55 that coincides with the middle line of Bollinger Bands.    After reaching this level the price is likely to move back to 48.   85.    One may speak about downward movement after the price consolidates below 47.   55.    In this case the next target of the sellers will be 46.   57.   

Technical indicators show the preservation of the upward trend but do not exclude the possibility of downward correction.    MACD histogram is growing in the positive zone indicating preserved influence of the buyers.    Bollinger Bands diverge confirming the upward trend.    However, the price has broken through the upper line of Bollinger Bands which indicates the possibility of downward correction of the rate to 47.   55 corresponding to the middle line of Bollinger Bands.    One may speak about the continuation of the upward trend after the price consolidates above 48.   85.   

Support levels: 48.   42, 47.   55, 46.   57.   
Resistance levels: 48.   85, 49.   69, 50.   42.   

Trading tips

Sell positions may be opened below 48.   42 with targets at 47.   55 and stop-loss at 48.   70.   
Buy positions may be opened after the price is fixed above 48.   85 with the nearest target at 49.   69 and stop-loss at 48.   55.   



Post Merge: August 22, 2017, 02:06:41 PM
LiteForex CAC: technical analysis

CAC, D1

On the daily chart, the instrument is growing towards the middle MA of Bollinger Bands.   The price remains above the SMA200, and just below the EMA14, EMA65 and EMA130 that start turning down.   The RSI is testing its longer MA from above.   The Composite keeps forming a Bullish divergence with the price. 

CAC, H4

On the 4-hour chart, the instrument is trading just above the middle MA of Bollinger Bands.   The price remains below the EMA65, EMA130 and SMA200 that are directed down.   Both the RSI and Composite have formed a Bullish divergence with the price. 

Key levels

Support levels: 5050.  0 (local lows), 5010.  0 (November 2015 highs), 4972.  0 (April lows).   
Resistance levels: 5128.  0 (local highs), 5167.  0 (April gap), 5180.  0 (local highs). 

Trading tips

The price is likely to retest its medium-term descending trendline.   
Long positions can be opened form the level of 5128.  0 with targets at 5167.  0, 5180.  0 and stop-loss at 5107.  0.   Validity ? 3-5 days. 
Short positions can be opened from the level of 5050.  0 with targets at 5010.  0, 4972.  0 and stop-loss at 5075.  0.   Validity ? 3-5 days. 



Post Merge: August 23, 2017, 03:21:48 PM
LiteForex WTI Crude Oil: price consolidates

Current trend

Today the price of WTI is trading near the level of 47. 60, to where it corrected after the publication of the API Weekly Crude Oil Stock data. 

The report demonstrated another decline in reserves though smaller than in the previous two weeks (only for 3. 6 million barrels).  The instrument is not able to begin its growth even though there are supply disruptions from the Sharara oil field in Libya and a decision of one of the world?s largest miners BHP Billiton to sell its US shale assets due to their underperformance.  Markets have paused as investors are waiting for the publication of the EIA Crude Oil Stock Change tonight that could also show a smaller decline in reserves, which might still pressure the instrument. 

Support and resistance

The price fell below the middle MA of Bollinger Bands and could continue falling towards 47. 10 (38. 2% Fibonacci correction) and 46. 15 (50% correction).  Crucial for Bulls seems to be the level of 47. 80 (middle MA of Bollinger Bands), a breakout of which would lead to a growth towards a cluster of 23. 6% corrections (48. 40 and 49. 00).  Technical indicators do not give a clear signal representing an uncertainty of the market before the news release.  The Stochastic is directed down, Bollinger bands up while MACD histogram is near the zero line and its volumes are insignificant. 

Support levels: 47. 10, 46. 15, 45. 20.
Resistance levels: 47. 80, 48. 40, 49. 00.

Trading tips

Short positions can be opened from the level of 47. 10 with the target at 46. 15 and stop-loss at 47. 50. 
Long positions can be opened after the price consolidation above the level of 47. 80 with targets at 48. 40, 49. 00 and stop-loss at 47. 40.

« Last Edit: August 23, 2017, 03:21:48 PM by Mikhail Kurakin »
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Re: LiteForex Market Analytics
« Reply #38 on: July 14, 2017, 12:56:12 PM »

 

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