NewForex — The technical analysis of Forex Market

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Monday, October 10, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 102.85 and resistance at 103.45.

 

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Monday, October 10, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2378 and resistance at 1.2450.

 

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Monday, October 10, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1155 and resistance at 1.1200.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Tuesday, October 11, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.50 and resistance at 104.10.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Tuesday, October 11, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2250 and resistance at 1.2345.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Tuesday, October 11, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1065 and resistance at 1.1140.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Wednesday, October 12, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.23 and resistance at 103.70.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Wednesday, October 12, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2145 and resistance at 1.2345.

 

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Wednesday, October 12, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1005 and resistance at 1.1065.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Friday, October 14, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.0995 and resistance at 1.1035.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Friday, October 14, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2150 and resistance at 1.2260.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Friday, October 14, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.90 and resistance at 104.30.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Monday, October 17, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.90 and resistance at 104.30.

 

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Monday, October 17, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2150 and resistance at 1.2260.

 

 

NewForex Analyst

 

Luigi Campo

 

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Monday, October 17, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.0995 and resistance at 1.1035.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Thursday, October 27, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.0890 and resistance at 1.0930.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Thursday, October 27, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2195 and resistance at 1.2275.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Thursday, October 27, the pair USD/JPY shows movement in different directions. As we see on today’s 15-minute chart it trades within the support at 104.30 and resistance at 104.80.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Friday, October 28,  the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at  1.0890  and resistance at 1.0930.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Friday, October 28, the pair GBP/USD  shows a sideways  movement. As we see on today’s 15-minute chart it trades within the support at 1.2195  and resistance at 1.2275.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Friday, October 28, the pair USD/JPY shows movement in different directions.  As we see on today’s 15-minute chart it trades within the support at 104.30 and resistance at 104.80.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Monday, October 31, the pair EUR/USD shows downward movement. As we see on today’s 15-minute chart it trades within the support at 1.0935 and resistance at 1.0995.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Monday, October 31, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2140 and resistance at 1.2215.

 

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Monday, October 31, the pair USD/JPY shows movement in different directions. As we see on today’s 15-minute chart it trades within the support at 104.50 and resistance at 105.10.

 

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Tuesday, November 1, the pair USD/JPY shows movement in different directions. As we see on today’s 15-minute chart it trades within the support at 104.70 and resistance at 105.15.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Tuesday, November 1, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2210 and resistance at 1.2280.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Tuesday, November 1, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.0960 and resistance at 1.1000.

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Wednesday, November 2, the pair USD/JPY shows downward movement. As we see on today’s 15-minute chart it trades within the support at 103.05 and resistance at 104.20.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Wednesday, November 2, the pair GBP/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.2220 and resistance at 1.2344.

 

NewForex Analyst

 

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Wednesday, November 2, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.1050 and resistance at 1.1100.

 

NewForex Analyst

 

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Thursday, November 3, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 102.50 and resistance at 102.95.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Thursday, November 3, the pair GBP/USD shows multidirectional movement. As we see on today’s 15-minute chart it trades within the support at 1.2325 and resistance at 1.2370.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Thursday, November 3, the pair EUR/USD shows reversal and downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1090 and resistance at 1.1130.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Monday, November 7, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 102.90 and resistance at 104.65.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Monday, November 7, the pair GBP/USD shows multidirectional movement. As we see on today’s 15-minute chart it trades within the support at 1.2380 and resistance at 1.2485.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Monday, November 7, the pair EUR/USD shows multidirectional movement. As we see on today’s 15-minute chart it trades within the support at 1.1045 and resistance at 1.1110.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Tuesday, November 8, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 104.25 and resistance at 104.55.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Tuesday, November 8, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2435.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Tuesday, November 8, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.1035 and resistance at 1.1065.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Wednesday, November 9, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 104.25 and resistance at 104.55.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Wednesday, November 9, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2435.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Wednesday, November 9, the pair EUR/USD shows side movement with a big leap in price. As we see on today’s 15-minute chart it trades within the support at 1.1035 and resistance at 1.1065.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Thursday, November 10, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 105.05 and resistance at 107.05.

 

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Thursday, November 10, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2455.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Thursday, November 10, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0855 and resistance at 1.0960.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Friday, November 11, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 106.20 and resistance at 107.05.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Friday, November 11, the pair GBP/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.2520 and resistance at 1.2670.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Friday, November 11, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0845 and resistance at 1.0920.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Monday, November 14, the pair USD/JPY shows upward movement. As we see on today’s 15-minute chart it trades within the support at 107.45 and resistance at 108.05.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Monday, November 14, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2460 and resistance at 1.2605.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Monday, November 14, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0755 and resistance at 1.0790.

 

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Tuesday, November 15, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 107.55 and resistance at 109.20.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Tuesday, November 15, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2400 and resistance at 1.2520.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Tuesday, November 15, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0695 and resistance at 1.0845.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

 

In the trading on Wednesday, November 16, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 1078.70 and resistance at 109.75.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

In the trading on Wednesday, November 16, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2416 and resistance at 1.2515.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

In the trading on Wednesday, November 16, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0685 and resistance at 1.0760.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

On Thursday, the price for this currency pair remains within the nearest support levels 1.0628. Resistance today is seen around 1.0722. Trend index in the four-hour time frame shows a clear bearish tone. This allows us to expect continued decline of the market. However, the final future of this trend will be determined today after the release of one of the most important news — publication information on the ECB meeting on monetary policy. In the daily time frame the pair is oversold. This is confirmed by the Stochastic oscillator. On the four-hour chart the basic exponential moving averages go down. The MACD histogram remains below. But now it gradually reduces and begins to acquire a tendency to increase.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

With the opening of the European trading session this currency pair started to win back losses occurring in the past three days at a time. Trend index in the four-hour time frame has a slight bearish mood and the price has continued within the next levels of support at 1.2377 and the resistance at 1.2470. However, the Exponential moving average with period of 55 days has already crossed up EMA 20 and EMA 3. This gives the possibility to say about the beginning of the strengthening of the bulls in the long run. On the daily chart MACD histogram went to its center line and continues to grow. Fresh data on retail sales in the UK allowed the bulls to became a little stronger.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/CHF

 

During the European trading session on Thursday the currency pair looks like it is not going to complete a continuous ascent which continued for nine consecutive trading sessions. The trend indicator on the daily chart has a slightly bullish sentiment. At the same time in the four-hour time frame attitude in favor of the bulls is even more significant. Despite this, the price remains within the limits of the nearest support at 1.0004 and resistance at 1.0079. Although in the long term, there are signs of weakening bulls — EMA 20 and EMA 55 slowed and the Stochastic oscillator still below the oversold zone.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of NZD/USD

 

During the Asian trading session today, the Kiwi continued to take positions ahead of the US dollar, while remaining within the support 0.6974 and resistance 0.7073. Thus the second week from the moment we started to see a downtrend in this market is going. In a four-hour time frame the index of the trend today shows slight bearish tone with obvious oversold. This suggests that the bears have not yet exhausted their potential and will continue to put pressure on the quotes in the short term. In the medium-term, the hopes for a reversal is also not observed especially when you consider that the price is firmly entrenched below the lines of the indicator Ichimoku Kinko Hyo.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

On Friday the currency pair remained within 1.0559 support and resistance 1.0686 with a slight negative trend of the index. Throughout the week the Stochastic oscillator signals about oversold of this instrument. Exponential Moving Average with period of 3, 20 and 55 days at present, does not give the slightest hint of a trend reversal. Yesterday’s publication of the ECB meeting did not support the single European currency. The MACD remains below its central line and after yesterday’s weak correction continues to decline.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

During today’s Asian session the rate of the currency pair remained within the nearest levels of support and resistance 109.25 and 110.73. In four-hour time frame the market today is characterized by a clear advantage of the bullish trend, which we observe for three weeks at a time with a small correction on 9 November. Stochastic oscillator shows overbought of this instrument, however, signal-to-sales is not observed, which may indicate the continuation of this trend for some time. Exponential moving averages are showing steady growth, and do not overlap with each other. MACD remains in the positive zone and gives a clear signal for further purchases.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/CHF

 

The second week we have seen a strengthening of the American currency against the Swiss franc in the long term. The opening of trading in Europe today also brought no surprises. This market continues to grow but at a slower pace. Despite the slowdown in the time range on the four-hour chart we can see a steadily progressing market. And we see an increasing trend. This is confirmed by the ADX indicator. However, in the short term, the potential of the bulls began to weaken because the +DI falls below 20. In the medium and long term trend of this market remains.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

After the opening of the trading session in Europe, this currency pair is characterized by a multidirectional flow of trading. The price of a pair is retained within the support level at 1.2267 and resistance at 1.2397. On the four-hour chart the trend shows a moderately bearish tone that suggests further price weakness. However, in the medium and long term a reversal is possible because on the daily chart MACD histogram has almost reached the center line. At the same time the ADX reports about formation of a trend.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of EUR/USD

 

During the trading session on Monday, this currency pair remains within the levels of support at 1.0544 and resistance at 1.0618. This shows an unsuccessful test of this because the index trend has a mild bearish tone. On the four-hour chart exponential moving average with period 20 and 55 days still directed downwards and continue falling. MACD histogram remains in the negative zone with a weak hint of a reversal. Stochastic oscillator started to grow and sends a signal to buy. In relation to further developments in this market one should pay attention to today’s speech by M. Draghi and its results.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

On Tuesday trading on this currency pair flow is quite calm. The price remains within the next levels of support at 1.0602 and resistance at 1.0676. Leaning against strong support in the area of 1.0575 this market took up a bullish mood light with obvious signs of oversold according to the Stochastic oscillator on the daily chart. But it is too early to talk about changing the current trend. On the four-hour chart MACD histogram is still in negative zone. But it started to decrease and begins to supply a signal to buy.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of NZD/USD

 

Quotes on this currency pair at the end of trading in Asia and the opening of the European trading session is seen within the support at 0.7022 and resistance at 0.7116. In this timeframe the market has a moderate bullish mood and the price has shifted to growth from the start of the week.The Stochastic oscillator is already talking about overbought of the currency pair. It will probably result only in a short-term correction and the continuation of the current market trends prevailing in the past week. Despite the fact that the MACD histogram is decreasing and gives the buy signal is still below its central line. And the price is fixed below the Ichimoku Kinko Hyo.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

At the trading session in Asia on Tuesday, USD/JPY continued slowing of growth which has been recorded since the beginning of the week. The efforts of the monetary authorities of Japan, the national currency of this country has reduced the pace of strengthening against the U.S. dollar and the price remains within the levels: support at 110.75 and resistance at 111.68. According to the testimony of the Stochastic oscillator on the daily chart we see that the pair is heavily overbought. This is reflected by the lower volatility in this market and is confirmed by the Bollinger bands in the four-hour timeframe. MACD histogram began to decline and submits a sell signal but still remains in positive zone. For the long term at the moment this market is not yet giving us any prerequisites for changing of the current trend. Exit statistics for the US tonight will not have a significant impact on the current market price.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

After the opening of the European trading session on Wednesday the slowdown in the rate with which the European currency lost in value against the U.S. dollar. Trades today occur in different directions, mostly with a small bearish mood of market participants. Quotes for this currency pair remain in the corridor with the level of support at 1.0586 and resistance at 1.0664. Moving averages EMA20 and EMA55 slowed down significantly. It tells about a marked reduction in the volatility of this market in the long range. In the short term EMA with a period of 3 days crossed down EMA20. Now we can expect a redistribution of market potential between the bulls and the bears for a short period of time. Price remains below the moving average with a period of 55 days. This allows us to expect preservation of the current trend in the long term

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/CHF

 

There is a slight slowdown of active growth of this currency pair in the trading today which began on November 7. In the short term since the end of last week the pair is trading without distinct signs of movement in either direction. In a four-hour range and below this price is formed in the area of 1.0100. However, in the long term and according to the testimony of the ADX indicator on the daily chart there are preconditions to expect the further growth of this market. We have already reached the price levels in the current year. Today quotes remain within the current levels of support and resistance at 1.0090 and 1.0160. Stochastic is seen in the overbought zone.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

On Wednesday trading session is mixed. This happens mostly in favor of those market participants who tend today to sell this currency pair. Index of the trend on the daily chart are moderately bearish. The price is kept within the closest levels of support at 1.2335 and resistance at 1.2468. In the four-hour range MACD histogram left the negative zone. However, now the histogram is turned and sends a signal for sale. Stochastic oscillator is close to the oversold zone but has not yet entered it. Its signal to sell appears quite justified. Thus traders adhering to strategies of intraday trading should better give preference to short positions remaining on the bears ’ side.

 

NewForex Analyst

Luigi Campo

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

 

In yesterday’s trading session the pair broke the support at 1.0586 and thus completed the consolidation in this area(1.0586-1.0664). It continues to move in the descending corridor for the third consecutive week. After the opening of the market in Europe on Thursday, trade flow is multidirectional. Levels of support and resistance determined at 1.0479 and 1.0598. On the four-hour chart according to the readings of the Stochastic oscillator we can see that the pair is oversold and thus there is a sell signal where the %K line below the %D line. MACD histogram remains in the negative zone while continuing to decline gradually and giving a signal to sell.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of GBP/USD

 

The Euro showed mixed trading within the next levels of support at 1.2399, and resistance at 1.2507. According to the index trend, the market sentiment is more in favor of the bears than the bulls. MACD histogram has shrunk from the negative zone almost to parity but yet it is not possible to go into positive territory. So there are no clear signals. Thus the situation in this market can be described as follows. The development of events in favour of the bulls is possible in the case of a price increase above 1.2500 and then 1.2460, afterwards you may open the way to the levels of 1.2600 and 1.2670. favorable development for the bears is the passing level 1.2425 that would open the lower way towards the area of 1.2360 and 1.2300.

 

NewForex Analyst

Luigi Campo

 

Forex News from New Forex: Technical analysis of USD/JPY

 

On the trading session on Thursday in Asia and Europe, the pair continues to rise for three consecutive weeks starting from November 4th. Overcoming the last resistance today the pair is trading within the 111.68 support level and resistance 113.84. It should be noted that in the short term it is overbought. This is clearly seen on the example of Stochastic oscillator on four-hour chart. However, this does not interfere with the oscillator to form a signal to buy. We see that the %K line is just above the %D line and MACD Histogram remains in the positive area and is growing quite rapidly. In the medium-term the situation is similar but it has a more intense character. If you look at the daily chart according to Stochastic trading tool is overbought but the %K line is below %D line, only the testimony of the MACD talking about the possibility to buy.

 

NewForex Analyst

Luigi Campo