Forex Trading – News and Strategy

USD/JPY Open 85.59 High 85.68 Low 85.17 Close 85.51

On Tuesday Dollar/Yen increased insignificantly, in converse with the very negative Interbank sentiment at nearly -80%. The currency couple appreciated from 85.17 to 85.65 yesterday, closing the day at 85.51. Today movements are neutral so far. On the 1 hour trading is within range, and on the 3 hour chart the downward channel has slowed down. Break above yesterday’s top and nearest resistance 85.68 would support further recovery of the Dollar. Immediate support is yesterday’s bottom at 85.17, and consistent break bellow it could strengthen the Yen further down towards next target 84.00. Today were the Japan Leading indicators composite index and Coincident indicators composite index, already passed at 5 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 declining, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short forex signals.
Trading resistance levels: 85.68 86.55 87.72
Trading support levels: 85.12 84.00 83.17

Trading range: 85.45 – 84.80
Trend: Downward

Forex Trading Strategy

Sell at 85.33 Stop Loss 85.63 Take Profit 84.93
Already made +3 pips profit on USD/JPY today from the following signal:
5:33 GMT+1 Sell USD/JPY at 85.43 Stop Loss 85.69 Take Profit 84.93 exit sent at 6:48 GMT+1.
Total today +119, yesterday +152, as shown in details here.

Previous Analysis can be found HERE.

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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?

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GBP/USD Open 1.5574 High 1.5692 Low 1.5498 Close 1.5585

On Tuesday Pound/Dollar resumed descending, in converse with the positive Interbank sentiment at nearly +15%. The Cable depreciated from 1.5692 to 1.5557 yesterday, closing the day at 1.5585. Today the bears are pushing further down, extending the dropping to 1.5498 for now. On the 1 hour chart the downward channel is renewed, while on the 3 hour chart the upward channel was broken downwards. First resistance is yesterday’s peak at 1.5692. Break above it should extend the bullish movement further towards 1.5790. The nearest support is today’s bottom at 1.5498. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.5400. Today is UK BoE meeting minutes at 8:30 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 quiet, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart strongly, giving overall short forex signals.
Trading resistance levels: 1.5692 1.5790 1.5900
Trading support levels: 1.5498 1.5400 1.5281

Trading range: 1.5550 – 1.5475
Trend: Downward

Forex Trading Strategy

Sell at 1.5537 Stop Loss 1.5567 Take Profit 1.5487
Already made +57 pips profit on GBP/USD today from the following forex signal:
5:32 GMT+1 Sell GBP/USD at 1.5557 Stop Loss 1.5583 Take Profit 1.5497 exit sent at 7:04 GMT+1.
Today so far +105, yesterday +152, as shown in details here.

Previous Analysis can be found HERE.

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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?

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EUR/USD Open 1.2876 High 1.2906 Low 1.2805 Close 1.2884

On Tuesday the Euro/Dollar continued climbing with around 100 pips. The European currency appreciated from 1.2805 to 1.2906 yesterday, matching the positive Interbank sentiment projection, at nearly +1%, closing the day at 1.2884. This morning the is showing weakness. On the 1 hour chart new downward channel is 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 1.2906 may trigger further recovery of the Euro. Going bellow yesterday’s bottom and first support at 1.2805, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2640. There are no major economic events for EU today. Quotes are moving just bellow the 20 and in line with the 50 EMA on the 1 hour chart, indicating slim short term bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short forex signals.
Trading resistance levels: 1.2906 1.2979 1.3100
Trading support levels: 1.2735 1.2640 1.2512

Trading range: 1.2865 – 1.2800
Trend: Downward

Forex Trading Strategy

Sell at 1.2851 Stop Loss 1.2881 Take Profit 1.2811
Yesterday we made +37 pips profit on EUR/USD from the following forex signal:
5:32 GMT+1 Buy EUR/USD at 1.2840 Stop Loss 1.2814 Take Profit 1.2890 exit sent at 8:37 GMT+1.
Total yesterday +152, as shown in details here.

Previous Analysis can be found HERE.

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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?

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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 forex 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 SL 1.5611 TP 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.

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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?

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