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#361
TifiaFX

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USD/JPY: SUPPORT AND RESISTANCE LEVELS

31/07/2018

The yen fell on Tuesday after the decision of the Bank of Japan to maintain its current monetary policy unchanged.

The Bank of Japan retained the key short-term rate at the level of -0.1% and the zero target level of 10-year government bonds yield.

A statement by the central bank of Japan said that the bank "intends to maintain current extremely low levels of short-term and long-term interest rates for an extended period".

The Bank of Japan reiterated that it wants to achieve the target inflation rate of 2% as soon as possible, although acknowledged that inflation will not reach the target level, at least until the end of 2021.

By the beginning of the US trading session, the USD / JPY rose 0.45% to 111.60.

The USD / JPY is rising in the upward channel on the daily chart, continuing to trade above the key support levels of 110.20 (the Fibonacci level 38.2% of the pair's correction since August last year and the level of 99.90), 110.00 (EMA200 and lower line of the ascending channel on the daily chart).

The further growth of USD / JPY with the nearest target at resistance level 113.10 (Fibonacci level 50% and maximums of the year) is probably. Long-term growth targets - the level of resistance 116.00 (Fibonacci level 61.8%), 118.60 (highs in January 2017).

The alternative scenario will be connected with breakdown of short-term support levels of 111.30 (EMA200 on the 1-hour chart), 111.00 (EMA200 on the 4-hour chart) and further decline to the support levels 110.20, 110.00.

Nevertheless, against the background of a different focus of monetary policies of the Fed and the Bank of Japan, the upward trend is predominant. Long positions are preferred.

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Support levels: 111.30, 111.00, 110.20, 110.00

Resistance levels: 112.00, 112.25, 113.10, 113.70, 114.00, 114.40, 115.00, 116.00

 

Trading Scenarios

Buy Stop 111.65. Stop Loss 111.20. Take-Profit 112.00, 112.25, 113.10, 113.70, 114.00, 114.40, 115.00, 116.00

Sell ​​Stop 111.20. Stop Loss 111.65. Take-Profit 111.00, 110.20, 110.00

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 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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#362
TifiaFX

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GBP/USD: Support and resistance levels

02/08/2018

From the middle of April and from the level of 1.4340, the GBP / USD fell sharply. The decrease to current levels was almost 10%. Starting in May, GBP / USD is traded in a downward channel on the daily chart, the lower limit of which is near the support level of 1.2900.

Below the nearest resistance levels 1.3213 (the Fibonacci level of 23.6% of the correction to the GBP / USD decline in the wave, which began in July 2014 near the level of 1.7200), 1.3248 (EMA50 and the upper limit of the descending channel on the daily chart), only short positions should be considered.

The negative dynamics is maintained, and if the decline continues, the 1.2900 mark will be the immediate target.

The further target of the decline is the level of 1.2590 (June 2017 lows).

The signal for corrective growth will be a confirmed short-term resistance level of 1.3127 (EMA200 on the 1-hour chart) breakdown. In this case, the corrective growth can continue to the resistance levels 1.3213, 1.3248.

Short positions are preferred, long-term bearish trend is maintained.

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Support levels: 1.3055, 1.3000, 1.2960, 1.2900

Resistance levels: 1.3127, 1.3213, 1.3248, 1.3335, 1.3445

 

Trading Scenarios

Sell ​​in the market. Stop-Loss 1.3140. Take-Profit 1.3055, 1.3000, 1.2960, 1.2900

Buy Stop 1.3140. Stop-Loss 1.3090. Take-Profit 1.3213, 1.3248, 1.3335, 1.3445

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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#363
TifiaFX

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EUR/USD: Support and resistance levels

03/08/2018

On the eve of the publication of data from the US labor market (12:30 GMT), traders avoid trading in large volumes. Activity of traders is low.

The EUR / USD has been trading in the narrow range near the 1.1580 mark since the opening of the trading day.

Pressure on the Eurodollar remains. If the data from the labor market are better than the forecast (the number of jobs in July increased by 190,000, and unemployment fell to 3.9%), then the dollar will continue to strengthen.

If the data comes out below the forecast, the dollar may fall sharply (in the short term).

In general, the dollar remains strong in anticipation of a further increase in the interest rate in the US.

 In an accompanying statement after the meeting, the Fed reiterated its commitment to further tightening monetary policy and pointed to the strength of the US economy.

Probably, the EUR / USD will continue to decline and will go towards support levels 1.1520 (annual minimums), 1.1500.

In case of breakdown of these support levels, a more negative scenario may be realized and EUR / USD will go to support level 1.1285 (Fibonacci level 23.6% of the correction to the fall from 1.3900, which began in May 2014 and the bottom line of the descending channel on the weekly chart).

In the alternative scenario and after consolidating above resistance level 1.1615, the EUR / USD will return in to the upward channel on the daily chart and may rise to resistance levels 1.1790 (Fibonacci level 38.2%), 1.1840 (EMA200 and upper line of the upward channel on the daily chart).

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Support levels: 1.1575, 1.1520, 1.1400, 1.1285

Resistance levels: 1.1615, 1.1686, 1.1730, 1.1750, 1.1790, 1.1850

 

Trade recommendations

Sell ​​Stop 1.1555. Stop-Loss 1.1610. Take-Profit 1.1520, 1.1400, 1.1285

Buy Stop 1.1610. Stop-Loss 1.1555. Take-Profit 1.1685, 1.1730, 1.1750, 1.1790, 1.1850

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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#364
TifiaFX

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NZD/USD: Trading Scenarios on the eve of the RBNZ meeting

08/08/2018

Since mid-April, the NZD / USD has been trading in a downward channel, falling from the level of 0.7380. After the breakdown of the important support levels of 0.7240 (the Fibonacci level 38.2% of the upward correction to the global wave of decline of the pair from the level of 0.8800, which began in July 2014; the wave minimums are near the level of 0.6260), 0.7200 (EMA200 on the weekly chart) the NZD / USD decline accelerated. In July, NZD / USD reached multi-month lows near the 0.6690 mark. However, later, NZD / USD "fell into a drift", having spent July in the range between the levels of 0.6725, 0.6865 (Fibonacci level of 23.6%).

 The negative trend persists, and NZD / USD is traded in the descending channel on the daily chart.

In case of breakdown of support levels of 0.6725, 0.6690 NZD / USD will target at May 2016 lows near the 0.6675 mark.

A signal for the development of an upward correction may be a breakdown of the short-term resistance level 0.6762 (EMA200 on a 1-hour chart). The correction target may be the level of resistance 0.6865 (Fibonacci level of 23.6% and the upper limit of the range formed in July). The strong negative dynamics prevails.

Indicators OsMA and Stochastics on the daily, weekly, monthly charts are on the side of sellers.

Below the resistance level 0.6865 short positions are preferred. The global downtrend, which began in July 2014, resumed.

Today at 22:00 (GMT) the decision of the RBNZ on the interest rate will be published. Probably, the interest rate will remain at the same level of 1.75%. If, during a press conference that starts at 11:00 pm (GMT), signals about the possibility of tightening monetary policy in the near future will sound, then the New Zealand dollar may strengthen, including against the US dollar. Nevertheless, the growth of NZD against the USD will be short-term.

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Support levels: 0.6725, 0.6700, 0.6690, 0.6675

Resistance levels: 0.6762, 0.6807, 0.6865, 0.6900, 0.6965, 0.7010

 

Trading Scenarios

Sell ​​Stop 0.6720. Stop-Loss 0.6765. Take-Profit 0.6700, 0.6690, 0.6675, 0.6600

Buy Stop 0.6765. Stop-Loss 0.6720. Take-Profit 0.6805, 0.6865, 0.6900, 0.6965, 0.7010

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 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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#365
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WTI: Support and resistance levels

09/08/2018

After in July, the prices for WTI oil reached the next annual maximum near the mark of 73.85 dollars per barrel, later prices fell sharply.

As a result of a sharp decline on Wednesday, the price reached the first important support level of 65.87 (EMA144 on the daily chart).

If downward dynamics develop, the targets will be support levels of 65.50 (Fibonacci level 23.6% of the correction to the wave of growth, which began in June 2017 with a support level near the 42.00 mark), 64.15 (EMA200 on the daily chart).

Indicators OsMA and Stochastics on the 4-hour, daily, weekly, monthly charts are on the side of sellers.

The bullish trend persists until WTI oil trades above the key support level 64.15 (EMA200 on the daily chart).

In case of return to the zone above the resistance level of 68.50 (EMA200 on a 4-hour grafik, as well as EMA50 and the lower boundary of an ascending channel on the daily chart), the price increase will resume.

Support levels: 65.87, 65.50, 64.15, 63.00, 61.00

Resistance levels: 68.50, 69.50, 70.00, 72.80, 75.00

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Trading Scenarios

Sell ​​Stop 65.70. Stop-Loss 66.80. Take-Profit 65.50, 64.15, 63.00, 61.00

Buy Stop 66.80. Stop-Loss 65.70. Take-Profit 68.50, 69.50, 70.00, 72.80, 75.00

090818-_WTI-_D.png

090818-_WTI-_H4.png

 *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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#366
linda22

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what are the odds?


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#367
TifiaFX

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AUD/USD: Prospects for AUD

14/08/2018

 

Prospects for AUD look negative against the US dollar.

The unfavorable external background (the intensification of international trade conflicts), as well as the different orientation of the monetary policies of the Fed and the RBA (economists believe that the RBA will not raise rates by the end of 2020), create fundamental prerequisites for further decline of the AUD / USD.

It is necessary to consider the possibility of entering into the short positions on AUD / USD.

This is best done by rolling back to the nearest resistance levels of 0.7290 (EMA200 on the 15-minute chart), 0.7320 (EMA200 on the 30-minute chart), 0.7350 (EMA200 on the 1-hour chart).

The immediate goal of the decline is the support level of 0.7155 (the lows of 2017 and May 2016).

The alternative scenario involves a breakdown of the resistance level of 0.7395 (EMA200 on the 4-hour chart) and the continuation of the growth to resistance levels of 0.7500 (minima of December), 0.7580 (EMA200 on the daily chart).

The downward global trend that began in July 2014 predominates. Short positions are preferred.

*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics

 

Support levels: 0.7200, 0.7155, 0.7100

Resistance levels: 0.7290, 0.7320, 0.7355, 0.7395, 0.7500, 0.7580

 

Trading Scenarios

Sell ​​in the market. Sell ​​Limit 0.7290, 0.7320, 0.7350. Stop-Loss 0.7370. Take-Profit 0.7200, 0.7155, 0.7100

Buy Stop 0.7410. Stop-Loss 0.7370. Take-Profit 0.7500, 0.7580

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140818-_AU-_H1.png

*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

 


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