Forex Trading – News and Strategy

EUR/USD Open 1.2853 High 1.2912 Low 1.2785 Close 1.2850

After further initial climb, on Wednesday the Euro/Dollar started correcting downwards. The European currency appreciated from 1.2825 to 1.2912 yesterday, matching the positive Interbank sentiment projection, at nearly +2%, than comenced dropping, closing the day at 1.2850. This morning the pair showed further weakness down to 1.2785. On the 1 hour chart new downward channel is still trying to resume, while on the 3 hour chart the upward channel was broken downwards. Break above the nearest resistance and yesterday’s top at 1.2912 may trigger further recovery of the Euro. Going bellow today’s bottom and first support at 1.2785, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2671. Today’s focus is on Germany PPI at 6 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and consolidating, MACD is negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short forex signals.
Trading resistance levels: 1.2912 1.2987 1.3100
Trading support levels: 1.2785 1.2671 1.2550

Trading range: 1.2825 – 1.2760
Trend: Downward

Forex Trading Strategy

Sell at 1.2813 Stop Loss 1.2843 Take Profit 1.2773
Yesterday we made +25 pips profit on EUR/USD from the following signal:
5:32 GMT+1 Sell EUR/USD at 1.2849 Stop Loss 1.2875 Take Profit 1.2799 exit sent at 7:04 GMT+1.
Total yesterday +119, as shown in details here.

Previous Analysis can be found HERE.

Don’t miss out! Subscribe today!

Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

iFOREX.bg

GBP/USD Open 1.5638 High 1.5700 Low 1.5536 Close 1.5663

On Monday Pound/Dollar started to recover after the strong descent last week, in line with the positive Interbank sentiment at around +18%. The Cable appreciated from 1.5536 to 1.5700 yesterday, closing the day at 1.5663. Today the pair is making further climbing attempts. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the upward channel is trying to resume. First resistance is yesterday’s peak at 1.5700. Break above it should extend the bullish movement further towards 1.5790. The nearest support is yesterday’s bottom at 1.5536. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.5440. Today are UK HICP, Retail prices and RPI-X, all at 8:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and rising, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart strongly, giving overall mixed signals.
Trading resistance levels: 1.5700 1.5790 1.5900
Trading support levels: 1.5536 1.5440 1.5300

Trading range: 1.5625 – 1.5695
Trend: Upward

Forex Trading Strategy

Buy at 1.5635 Stop Loss 1.5605 Take Profit 1.5685
Already made +33 pips profit on GBP/USD today from the following forex signal:
8:01 GMT+1 Buy GBP/USD at 1.5637 Stop Loss 1.5611 Take Profit 1.5697 exit sent at 8:43 GMT+1.
Today so far +152, yesterday +174, as shown in details here.

Previous Analysis can be found HERE.

Don’t miss out! Subscribe today!

Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

iFOREX.bg

EUR/USD Open 1.2827 High 1.2929 Low 1.2787 Close 1.2829

On Thursday the Euro/Dollar continued descending insignificantly. The European currency depreciated from 1.2929 to 1.2787 yesterday, not exactly matching the positive Interbank sentiment projection, at nearly +3%, closing the day at 1.2829. This morning the pair is correcting, but renewal of bearish movements should not come unexpected. On the 1 hour chart new downward channel looks good, while on the 3 hour chart the upward channel is broken downwards. Break above the nearest resistance and yesterday’s top at 1.2929 may trigger further recovery of the Euro. Going bellow yesterday’s bottom and first support at 1.2787, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2700. Today’s focus is on Germany GDP Q2, France GDP Q2, CPI and HICP, EU 16 Trade balance and GDP Q2 at 6, 6:45 and 9 GMT respectively. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is positive and declining, MACD is negative and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall mixed forex signals.
Trading resistance levels: 1.2929 1.3041 1.3150
Trading support levels: 1.2787 1.2700 1.2607

Trading range: 1.2880 – 1.2815
Trend: Downward

Forex Trading Strategy

Sell at 1.2867 Stop Loss 1.2897 Take Profit 1.2827
Yesterday we made +33 pips profit on EUR/USD from the following forex signal:
6:54 GMT+1 Sell EUR/USD at 1.2914 Stop Loss 1.2940 Take Profit 1.2864 exit sent at 7:43 GMT+1.
Total yesterday +91, as shown in details here.

Previous Analysis can be found HERE.

Don’t miss out! Subscribe today!

Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

iFOREX.bg