something interesting

<  BACK TO Market Analysis

FOREX Tech Targets

FOREX_Technical-analysis_Daily-tech-targets_13-03-2018_FXPIG

EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifted back to the downside but expect strong support at 1.2220. No change in view.EUR hit a ‘fresh’ low of 1.2271 last Friday but rebounded to close almost unchanged for the day. We continue to hold the view that the immediate pressure is on the downside even though ‘neutral’ shorter-term indicators suggest that EUR could trade sideways for a few days first before moving lower to test the solid support at 1.2220. At this stage, a sustained move below this level seems unlikely. Resistance is at 1.2370 but only a move above 1.2420 would indicate that the current mild downward pressure has eased.

GBP/USD: Neutral (since 07 Mar 18, 1.3895): Mild downward pressure has eased, in a higher range of 1.3800/1.4000.

GBP edged above the top of our expected 1.3700/1.3900 consolidation range yesterday (high of 1.3917). The recent mild downward pressure has eased but there is no change to the current neutral outlook. That said, the improved undertone suggests that GBP could edge higher in the next few days but at this stage, any advance is viewed as part of a higher 1.3800/1.4000 consolidation range and not the start of a sustained rally.

AUD/USD: Neutral (since 15 Feb 18, 0.7925): Rebound has scope to extend higher. No change in view.After trading sideways for several days, AUD staged a surprisingly strong up-move last Friday and is currently approaching the top of our previously expected 0.7715/0.7880 range. While we continue hold a neutral view on AUD, improving shorter-term momentum suggests that there is scope for the current strong rebound to extend higher towards 0.7940. At this stage, the odds for a sustained move above this level are not high (next resistance is at 0.7990). Overall, we expect AUD to stay underpinned for the next several days and only a break below the key support at 0.7780 would indicate that the current mild upward pressure has eased.

NZD/USD: Neutral (since 05 Feb 18, 0.7280): Rebound has scope to extend higher towards 0.7350. No change in view.We have held the same view that the rebound in NZD “has scope to extend higher towards 0.7350” since last Wednesday (07 Mar, spot at 0.7290). The relatively strong daily closing last Friday reinforces our view. 0.7350 is a strong resistance and at this stage, a sustained move above this level seems unlikely. Overall, NZD is expected to stay underpinned for now unless there is break back below the key support at 0.7220.

USD/JPY: Neutral (since 21 Feb 18, 107.35): Prospect for a stronger recovery has diminished.

Despite overall positive outlook, USD has not been able to make much headway on the upside (USD eased off quickly after touching a high of 106.97 yesterday). The prospect of a recovery above 107.00 is still intact but has diminished. From here, a clear break below 106.00 would indicate that the current upward pressure has eased and that USD has moved back into a consolidation phase.

Source:efxdata.com

EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifted back to the downside but expect strong support at 1.2220. No change in view.EUR hit a ‘fresh’ low of 1.2271 last Friday but rebounded to close almost unchanged for the day. We continue to hold the view that the immediate pressure is on the downside even though ‘neutral’ shorter-term indicators suggest that EUR could trade sideways for a few days first before moving lower to test the solid support at 1.2220. At this stage, a sustained move below this level seems unlikely. Resistance is at 1.2370 but only a move above 1.2420 would indicate that the current mild downward pressure has eased.

GBP/USD: Neutral (since 07 Mar 18, 1.3895): Mild downward pressure has eased, in a higher range of 1.3800/1.4000.

GBP edged above the top of our expected 1.3700/1.3900 consolidation range yesterday (high of 1.3917). The recent mild downward pressure has eased but there is no change to the current neutral outlook. That said, the improved undertone suggests that GBP could edge higher in the next few days but at this stage, any advance is viewed as part of a higher 1.3800/1.4000 consolidation range and not the start of a sustained rally.

AUD/USD: Neutral (since 15 Feb 18, 0.7925): Rebound has scope to extend higher. No change in view.After trading sideways for several days, AUD staged a surprisingly strong up-move last Friday and is currently approaching the top of our previously expected 0.7715/0.7880 range. While we continue hold a neutral view on AUD, improving shorter-term momentum suggests that there is scope for the current strong rebound to extend higher towards 0.7940. At this stage, the odds for a sustained move above this level are not high (next resistance is at 0.7990). Overall, we expect AUD to stay underpinned for the next several days and only a break below the key support at 0.7780 would indicate that the current mild upward pressure has eased.

NZD/USD: Neutral (since 05 Feb 18, 0.7280): Rebound has scope to extend higher towards 0.7350. No change in view.We have held the same view that the rebound in NZD “has scope to extend higher towards 0.7350” since last Wednesday (07 Mar, spot at 0.7290). The relatively strong daily closing last Friday reinforces our view. 0.7350 is a strong resistance and at this stage, a sustained move above this level seems unlikely. Overall, NZD is expected to stay underpinned for now unless there is break back below the key support at 0.7220.

USD/JPY: Neutral (since 21 Feb 18, 107.35): Prospect for a stronger recovery has diminished.

Despite overall positive outlook, USD has not been able to make much headway on the upside (USD eased off quickly after touching a high of 106.97 yesterday). The prospect of a recovery above 107.00 is still intact but has diminished. From here, a clear break below 106.00 would indicate that the current upward pressure has eased and that USD has moved back into a consolidation phase.

Source:efxdata.com

lastest Articles

PAMM News
Managed Forex Accounts Daily Results (18.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold attempts rebound after marking 2018’s lowest settlement
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Because trading seems difficult today
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
US Dollar gathers pace, flirting with 95.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD in a bearish mood as last week's selloff sees the pair struggling to recover to 1.33
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Update (11.06-15.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Week Ahead: Dollar Higher After Fed Hike and Dovish ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (15.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD remains near 1.3300, consolidates weekly losses
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD struggles to recover its losses, stays near mid-0.74s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD off lows, still in red near 1-month lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: You will always remember the trades
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY fails ahead of 111.00 mark, drops back closer to session lows
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD drifting below 1.3250 ahead of a thin Friday session
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (14.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold climbs toward highest finish in a month after ECB, Fed policy decisions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD retreats from tops near 1.3450
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Focus instead on those-eckhart
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Euro climbs, dollar slips with ECB decision on deck
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Asian markets swing lower after Fed rate hike
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (13.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Fed will raise interest rates - here’s what it will do to keep market calm
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
DAX moves higher ahead of Fed rate announcement
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Pound at Risk on UK CPI, US Dollar to Rise on Hawkish Fed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices May Finally Break Trend Support on Hawkish Fed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (12.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Mr. Markets
Where do we go from here?
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
FTSE 100 pulls back, with investors underwhelmed by Trump-Kim pledge
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold prices drop in wake of Trump-Kim pact as attention fixes on interest rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Blow to Theresa May as U.K. minister resigns ahead of crucial Brexit vote
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
European stocks step lower as Trump-Kim pledge ‘lacks some detail’
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Novice traders trade 5 to 10 times too big-kovner
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD Outlook Mired by Failed Attempt to Break Trendline Resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (11.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
PAMM News
Managed Forex Accounts Weekly Update (04.06-08.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold holds to tight range ahead of North Korea summit, expected Fed rate action
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump Continues to Lash Out at Allies
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD a test of 1.35/1.36 remains on the cards – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP faces upside prospects this week – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY makes a run for 110.00 as risk appetite swings back into the Monday markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Market Events Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Dollar Struggles as Geopolitics and Central Banks Take Center Stage
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (08.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Pound rebound to be kept in check by Brexit talks: Reuters poll
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD room for a move above 1.3100 – Scotiabank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China: May trade surplus of just less than $25 bln - BBH
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD stays above 1.3000 ahead of Canadian jobs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:Never depend on single Income. Make investment to create a second source
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/JPY gains to 131.34/48 are not ruled out – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP faces further upside very near term – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (07.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling at two-week highs on broad dollar rout
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Mr. Markets
Simplicity; The art of success.
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
USD/JPY – Japanese Yen Edges Higher, Final GDP Next
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY neutral, still within 108.50/110.50 range – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:Trade within your ability and risk tolerance-pig insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD sticks to softer Aussie data-led weakness, downside seems limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD stays firm around 1.1800 ahead of EMU data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (06.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD – Pound Slightly Higher, Investors Look for Economic Cues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar recovery seen as an earnings risk on horizon
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Canada: Ivey PMI drops to 62.5 to miss market expectation of 69.7
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
NZD/USD could advance to the 0.7080 region – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: The game is my wife-pig insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY jumps to 2-week tops, testing 200-DMA hurdle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD looks to consolidate the breakout of 1.1700
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (05.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold rebounds and approaches $1300
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: breaks below 50-hour SMA, now seems vulnerable
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY continues to push lower below 110 despite USD strength
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote:successful people-Buffet
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling jumps after better-than-expected UK services data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar stabilises below last week's highs, supported by data, yields
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Aussie keeps losses post-RBA decision, UK services PMI on tap
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (04.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY advances to 109.70 as USD gathers strength on upbeat data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD rejected near 1.3400 mark, surrenders early gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CHF remains in red near mid-0.98s ahead of US data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling edges up against dollar ahead of construction PMI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Speculation - Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD faces a potential test of 1.1510 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Aussie lifted by solid Australian data, UK construction PMI eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Update (28.05-01.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Market Events Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead: Dollar Rises as US Jobs Outperform Despite Trade Fears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (01.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar inches up on stronger-than-expected jobs report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling stuck near six-month low as strong UK data fails to dispel wider gloom
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD neutral, within 1.2820-1.3050 near term – Scotiabank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, AUD/USD, NZD/USD - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote:The game is my wife-PIG INSIDER
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD flirting with lows near 1.1670, Italy, Spain eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: USD bounces in Asia, UK manufacturing PMI, US payrolls eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (31.05.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro rallies as Italy crisis concerns take back seat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY remains capped below 109.00 handle ahead of US data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/CHF stays oversold so far – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: If You Lose You-PIG INSIDER
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD creeps back into 1.33 as risk recovery drags the GBP along for the ride
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613