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Forex NZD / USD pair found new 4 months low
The pair broke through 0.8000, marking a new low at 0.7956 after the announcement of several indicators of the U.S. labor market. Nonfarm payrolls fell short of expectations, further adding 117 thousand new jobs (instead of the forecast 170 000), while weekly earnings came in line with expectations at 34.5. The hourly averages ingersos gave results worse than expected, marking and monthly year changes of 0.0% and 1.8% respectively. However, the unemployment rate fell to 8.1% from 8.2%. The pair is trading at 0.7957 (falling 0.50%), finding resistance at 0.8075, 0.8152 and 0.8196 before as pivot points Fxstreet.es technical studies. Moreover, the pair has support 0.7954, 0.7910 and 0.7833 before. … [Read More...]
EUR/USD Fifth Wave continues its bearish downtrend
The EUR / USD continues its downward path after the end of wave "2" red circle on Tuesday the first of May 2012 at 1.3284. To a lesser degree we can see a bearish momentum denoted in green where the waves "1" "2" and "3" ended and the price is constructing the fourth wave with a flat structure, after this correction we will see the wherein the fifth wave provisional target is in the 1.3050, equivalent to 161.8% extension with respect to a wave, the invalidation point in this grade is located at the end of the wave "1" is green in the 1.3204 . After the wave "5" green upward correction is expected to witness strong that next week, do not recommend taking operations today due to economic data and the low motion after noon. We are still bearish and we are wait for signal to next point below 1,3 and it is 1,286. … [Read More...]
GBP/USD price in range – we are still bearish
The GBP / USD is operated within the range days ago, between 1.6150 and 1.6220, with a touch bearish on the hourly chart, given the dollar's advance around the board pointing to a breakdown of key GARMIN NUVI 1.6150, which generate a bearish continuation rally towards 1.6115 area, 38.2% retracement of the last bull rally day. In 4 hours, the pair has limited upward by 20 SMA, around 1.6200 today, while indicators remain in negative territory, supporting a continuation to the south. Supports: 1.6105 1.6115 1.6070 Resistances: 1.6185 1.6220 1.6250 We are still bearish and we are wait to see broken 1,613 price. … [Read More...]
Forex USD / JPY – Dollar lower after reacting to the NFP
USD / JPY has experienced a variation of 55 pips during the release of nonfarm payrolls, which have proved worse than expected. The cross has fallen at least 3 days, 79.83, but has since risen to 80.39 intraday. At the moment, has fallen back and operates on 80.05, 0.21% below its initial price. Nonfarm payrolls rose by 115,000 during the month of April, well below the expected 170,000 and 154,000 in March. Despite not meet expectations in nonfarm payrolls, the unemployment rate has fallen by one tenth, from 8.2% to 8.1%, its lowest level since January 2009. … [Read More...]
Forex: USD / CHF above 0.9150 strong
After collapsing to 0.9115 after the employment data in the U.S. economy, the crossing has been driven above 0.9150 while the dollar gained ground rapidly, dragging prices of assets related to the risk to new lows. It is useful to recall that earlier in European morning real retail sales in Switzerland have surprised the market, up 4.2% YoY strongly in March, compared to previous estimates of +1.1%. As I write, the crossing advances 0.26% at 0.9161, with the next resistance at 0.9174 expecting (up May.3) ahead of 0.9196 (max. Abr.19) then 0.9205 (MA100d) and 0.9207 (B Bolinger). On the opposite side, falling more than 0.9115 (míns. May 3/4) would enable 0.9105 (MA10d) then 0.9099 (max. May 1) and 0.9076 (min. May 2). We are bullish with USDCHF and first target is 1,93. … [Read More...]
AUDUSD found support below 1,02 and now we wait for short term rebound
Following the rate cut announced last May 1 by the RBA to 3.75% from 4.25%, the Australian dollar is approaching levels of technical support on 1.0270 dollars and 1,02. I came here, we'd bet on an upward movement of pure oversold within a downtrend that will seek parity in the medium term. For what interests us, the short term we see a rebound feasible to 1.0317 and 1.0345 levels dollars. We are bearish to 0,978 price. But afther this support we can see short term rebound before strong bearish trend. … [Read More...]
Will EUR/JPY go down more or we can see breakout to 111 ?
The EURJPY has followed a downward trend during the last hours of trading, and is completing the European session on the MM 100 days. * This level is currently at 104.49. * The minimum for the time being is registered with 104.43. Below this level locate the 50% retracement of the rise in the minimum-operative range of up to 2012. This level is at 104.22. The area of 104.22-43 should bring some profit taking, because the risk is limited and defined. The maximum torque resistance is now at 104.76-87 zone, which is 38.2% .50% of the abrupt drop in the last few hours (see chart below). If sales remain strong downward trend of the market, this area could attract more sellers. The EUR / JPY 105.00 and 105.50 operates between pending the report of U.S. employment, with a bearish outlook, confirmed by the 4 hour chart, which shows the price below the 20 SMA as indicators point to the south under their midlines after testing their midlines. While the weak euro is quite clear the … [Read More...]
GBP/USD is in strong bullish trend – No 11-day runs in last 30 years
Cable is committed. The last time we have seen a 10-day advance from $GBPUSD was 6/16/1992. Then 11/5/87. No 11-day runs in last 30 years. See picture - GBP/USD in last 30 years : After the oscillation of the pair yesterday, they could see a slowdown in progress, despite not stop the strong uptrend forming a new roof the resistance level of 1.6200, which is second in the weekly close . Despite starting the day with the opening of Asian markets to fall, the pair regaining their positions in these moments of release of the data from the United States. If closing the day at this price, the pound would total 10 consecutive days of gains, and the breakdown of important areas of congestion. Finding no arguments from the technical point of view that give us reason to see a trend change, we can expect a correction from current levels. In the first we locate 1.6255 resistance level to consider, then 1.6280, and 1.6320. The supports are 1.6200, 1.6165, and 1.6130. GBP/USD we … [Read More...]
USDCHF lateral opening in the weekly
At the close of the week, we see this pair trading near the 0.9080 opening weekly, without a definite trend. Following the sharp rise of the Swiss franc began in May of 2010 that led to form a record high against the dollar at the level of 0.7785 in August last year, we see a reversal of the currency Helvetica. The recovery movement still has bullish strength, losing time with one-way trips a marked decrease in the extent of it in recent weeks. On this day where we see the dollar fall in the European session, the pair will first support 0.9060 to consider where we locate the bullish trend in 4 hours. Then 0.9025, and 0.9000 are the following levels to consider. Before an upward bounce, 0.9100, 0.9130, and 0.9165 will be resistance. … [Read More...]
We see slow movements in the cross pairs with the U.S. Dollar
Scarce and erratic movements which yesterday offered quotations of major currency pairs, without providing substantial changes and closing near the opening price. In the last European Preopening Day this week we see slow movements in the cross pairs with the U.S. Dollar. EURUSD trading at 1.3186 -0.04% to a low. GBPUSD moves on the level of a yielding 1.6173 -0.03% and AUDUSD negative also moves in a 0.03% about 1.0366. Couple with the Yen cross movements show extreme short-term volatility in the early European morning. USDJPY trades at 80.87 with a drop of -0.25%. EURJPY It does a -0.29% on GBPJPY 106.64 and also trading lower -0.29% on a 130.78. The opening prices of the major currency pairs for today are: EURUSD: 1.3193 USDJPY: 81.07 GBPUSD: 1.6179 EURJPY: 110.91 … [Read More...]
Forex pair USD / CAD looking for new lows ?
The Canadian dollar gained more strength to his American rival, after the president of BOC, Carney, declared that inflationary pressures have increased recently, maintaining a rather aggressive tone. With the dollar bearish across the board, the pair remains near 0.9800 with a strong bearish momentum according to indicators of time, pointing to the south back of their midlines, while the 20 SMA has a strong inclination downward over the current price. Without much volume at this time of day, a new wave of sales could lead the pair towards 0.9780, at least last September 16, and break it, I could go up to 0.9720, strong static support. Immediate resistance is at least 0.9820 on Wednesday but recovered only above 0.9840 the pair could reverse the strong bearish tone. Falls predominated in the pair as it remains below this level. We wait for buy signal 1,91.Target will be 1,04. … [Read More...]
USD / JPY in consolidation
The USD / JPY peaked at 81.43 after the BOJ announced an injection of 5 trillion, but quickly backed a strong rally beginning bassist. With the dollar under pressure across the board and the time chart showing a strong bearish momentum the pair could continue giving to the 80.00 area during the next few hours. In larger graphs, the technique is also bearish perspective, suggesting that the pair will remain limited upward by the 80.80 area. Supports: 80.30 80.00 79.80 Resistances: 80.55 80.80 81.05 We wait for buy signal. Limit will be 85. … [Read More...]
GBP / USD in strong bullish trend – Current price: 1.6251
The pound reached and maintained by, the strong static resistance zone 1.6250 against the dollar, with a clear bullish tone in the hourly chart, as the timing and the RSI on the upside while the price is well developed over its moving averages. In 4 hours, indicators are also bullish, suggesting that there will be no corrections or major setbacks in the short term. An acceleration above 1.6260 should lead the pair towards 1.6300 area. Supports: 1.6220 1.6190 1.6160 Resistances: 1.6260 1.6300 1.6330 We will wait for bearish signal. 1,615 is signal. … [Read More...]
EUR / USD forex pair outlook – Current price: 1.3250
The EUR / USD rising operating data after disappointing U.S. GDP, with a daily maximum of 1.3269. Stock markets remained bullish in the European morning, although the opening of New York sees the local indexes struggling to stay positive, the market does not account for the negative data globally that have been published since the beginning of the week, the fall GDP in the United Kingdom, Spain rating cut and others. The hourly chart shows the pair clearly bullish, with indicators pointing north above their midlines, while the price is above its 20 SMA. In 4 hours, the situation is similar, with 20 SMA acting as dynamic support at 1.3210. Unless there is a drastic change in market sentiment, the pair will maintain its bullish tone the last day of the week. Supports: 1.3235 1.3210 1.3170 Resistances: 1.3260 1.3290 1.3415 We are still bearish. We made new clean sell position with 1,34 stop loss. … [Read More...]
Forex: AUD / USD rises to the risk – we are still bearish
The Australian dollar has reversed the initial and operates at a profit after the opening of business in Europe. Even without a definite trend, the crossing has recently been uncertainty surrounding a possible slowdown in China's economy and the possibility of a rate cut at the next monetary policy meeting of the RBA. In another tone early in the day, the business confidence index has fallen to NAB -1 in the first quarter, down from the previous reading in 1 Currently, the crossing at 1.0372 advancing 0.19%, with the next resistance at 1.0418 (max. Abr.17) followed by 1.0425 (MA30d) then 1.0453 (max. Abr.13) and 1.0470 (máxs. Abr.2 / 3 .) To penetrate 1.0305 (min. Abr.17) expose 1.0295 (min. Abr.12) then 1.0226 (min. Abr.11) and finally 1.0200 We are still bearish and we point to 1.026. … [Read More...]
