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162 replies to this topic

#1
TraderSmith

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Analysis News:

 

Forex technical analysis: GBPUSD trades back below 100 day MA

 

Trades in an up and down narrow range

 

Cable is trading up and down today in a narrow 62 pip trading range. The 22 day average range is 89 pips.   
 
The price action has taken the price below the low from yesterday during the London morning session.  That low reached 1.12840. The low yesterday reached 1.2846.  The low today was the lowest level since July 12th and took the price below the 100 day MA at 1.28598, trend line support at the same level and the 61.8% of the move up from the June low at 1.2847.  The problem?   Like yesterday, the momentum faded.  Sellers were forced to buy back and the move back above the cluster of support.   
 
After a move to an intraday high at 1.2902 (around the 1.2900 natural resitance level), we are back down trying to push below the technical levels again.  
This is the 3rd time. Will it be the charm?  Or will it fail and find the dip buyers again.  
 
The bias is more negative below the level, but it has to get and and stay below the lows and show more bearish love.....Targets if it finds the love include 1.2812 (low from July) and 1.2768
 
Forex Signals
 
 
Signal Performance 

USDCHF

Entry Point: Sell at 0.9612
Take Profit: 0.9581
Stop Loss: 0.9653
Date: 11-08-2017 Status: Close

USDJPY
Entry Point: Sell at 129.12
Take Profit: 128.81
Stop Loss: 129.53
Date: 11-08-2017 Status: Close

GBPUSD
Entry Point: Buy at 1.2965
Take Profit: 1.2996
Stop Loss: 1.2924
Date: 11-08-2017 Status: Close

EURUSD
Entry Point: Buy at 1.1785
Take Profit: 1.1816
Stop Loss: 1.1744
Date: 11-08-2017 Status: Close
 
----------------------------------------

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#2
TraderSmith

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Forex Market News

USDJPY bouncing. Cohn rumor denied.

Careful out there... 
The markets are subject/vulnerable to headline news and that can be dangerous to trading as they can happen at any time.

The latest is the Cohn rumors are being denied. That has led to a quick run up back in the USDJPY. The denial is from Axxios reporter on Twitter.

Technically, the USDJPY moved back to the cluster of MAs above and below the 110.00 area. 


Forex Signals:

 

Website: http://www.forexsignals.es/


EURUSD

Entry Point: Sell at 1.1752
Take Profit: 1.1721
Stop Loss: 1.1793
Date: 15-08-2017Status: Close

USDJPY

Entry Point: Buy at 110.33
Take Profit: 110.64
Stop Loss: 109.92
Date: 15-08-2017Status: Close

GBPUSD

Entry Point: Sell at 1.2940
Take Profit: 1.2909
Stop Loss: 1.2981
Date: 15-08-2017Status: Close

USDCHF

Entry Point: Buy at 0.9716
Take Profit: 0.9747
Stop Loss: 0.9675
Date: 15-08-2017 Status: Close

 

 

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#3
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Forex Market News:

China's banks finish self-assessment under a regulatory crackdown

 

 

 
Chinese banking regulator out with a statement 18 Aug
 
    will push fwd credit committee system to tackle corp debt problem
 
    encourages banks to conduct debt restructuring of companies facing temporary difficulties
 
    encourages banks to conduct debt for equity swaps
 
    encourages banks to speed up disposal of NPLs
 
    will steadily push fwd asset-backed securitization of NPLs
 
    will come up with 20 sets of new regulations this year to cover policy on banks, online lending, interest rate risks, asset management firms
 
Thanks for popping in with that.
 
Meanwhile USDJPY testing 109.00 with  USD supply finally pushing EURUSD TO 1.1759 and GBPUSD 1.2895 after holding 1.2880. Offers on both nearby still.
 
 

Forex Signals:

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EURUSD
Entry Point: Sell at 1.1720
Take Profit: 1.1689
Stop Loss: 1.1761
Date: 16-08-2017 Status: Close

USDJPY
Entry Point: Buy at 110.69
Take Profit: 111.00
Stop Loss: 110.28
Date: 16-08-2017 Status: Close

GBPUSD
Entry Point: Sell at 1.2854
Take Profit: 1.2823
Stop Loss: 1.2895
Date: 16-08-2017 Status: Close

USDCHF
Entry Point: Buy at 0.9739
Take Profit: 0.9770
Stop Loss: 0.9698
Date: 16-08-2017 Status: Close

 

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#4
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Forex Market News:

EUR/USD is topping out - BNP Paribas



BNP Paribas FX Strategy Research on EUR/USD

BNP Paribas FX Strategy Research notes that EUR/USD appears to be topping out with momentum model signals that EUR momentum has peaked, while positioning analysis framework suggests EUR/USD positioning is stretched long.

"A compelling case could be made for entering EURUSD shorts at this time, targeting a move down towards our 1.13 year-end target for the pair," BNPP argues. 

While a tactical short EURUSD spot position may well play out favourably over the next two weeks, we think the risk-reward would be more attractive to position for a more meaningful move lower later this year," BNPP advises. 

As such, BNPP prefers to play EUR/USD via an optionality structure via adding a bearish EUR/USD bearish one-touch calendar spread. 



Forex Signals:

Website: http://www.forexsignals.es/

EURUSD
Entry Point: Sell at 1.1738
Take Profit: 1.1707
Stop Loss: 1.1779
Date: 17-08-2017 Status: Close

USDJPY
Entry Point: Buy at 109.95
Take Profit: 110.26
Stop Loss: 109.54
Date: 17-08-2017 Status: Close

GBPUSD
Entry Point: Sell at 1.2888
Take Profit: 1.2857
Stop Loss: 1.2929
Date: 17-08-2017 Status: Close

USDCHF
Entry Point: Buy at 0.9645
Take Profit: 0.9676
Stop Loss: 0.9604
Date: 17-08-2017 Status: Close

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#5
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China's Yin says finance regulators should increase punishment for those who violate


PBOC vice governor Yin speaking at a wealth management forum 19 Aug

China should curb regulatory arbitrage
interconnection in finance sector should be reduced
finance regulators should increase co-ordination
better balance of financial innovation vs regulation needed

Yin says the comments are his own and don't represent official stance.

Here's a few "official" comments I posted during the week:

Chinas-safe-says-it-will-increase-flexibility-of-foreign-exchange-rate-20170817

China-outline-plans-to-increase-foreign-investment-20170816

Chinas-banks-finish-self-assessment-under-a-regulatory-crackdown-20170818

More-from-china-interbank-assets-and-liabilities-both-shrank-in-q2-for-20170818

I have to head out now. Have a great week-end one all, and thanks as always for your excellent support and input.

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#6
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USD/JPY is the main attraction, everything else is a sideshow


USD/JPY edges towards key support levels

The battle in USD/JPY is the Mayweather-McGregor battle in financial markets. The pair on Friday briefly touched below the June low before rebounding when Bannon was fired. That bounce is fading with the pair down 45 pips today and the US dollar under broad pressure.

If today's low breaks, it's a straight line down to the April low of 108.13. That's the 'wall' that can't be broken for the bulls. If it gives way, the entire election rally from 100 is at risk.

The confirmation will be in the bond and gold markets. They are nearing similarly critical levels and all three will need to go in tandem to spark a true break.

 

 

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#7
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Forex Signals:

Website: http://www.forexsignals.es/


GBPUSD
Entry Point: Buy at 1.2874
Take Profit: 1.2905
Stop Loss: 1.2833
Date: 21-08-2017 Status: Close

USDCHF
Entry Point: Sell at 0.9658
Take Profit: 0.9627
Stop Loss: 0.9699
Date: 21-08-2017 Status: Close

EURUSD
Entry Point: Buy at 1.1753
Take Profit: 1.1784
Stop Loss: 1.1712
Date: 21-08-2017 Status: Close

USDJPY
Entry Point: Sell at 108.93
Take Profit: 108.62
Stop Loss: 109.34
Date: 21-08-2017 Status: Close

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#8
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Forex Signals: Date: 22-08-2017

Website: http://www.forexsignals.es/


GBPUSD
Entry Point: Sell at 1.2863
Take Profit: 1.2832
Stop Loss: 1.2904
Date: 22-08-2017 Status: Close

EURUSD
Entry Point: Sell at 1.1796
Take Profit: 1.1765
Stop Loss: 1.1837
Date: 22-08-2017 Status: Close

USDCHF
Entry Point: Buy at 0.9654
Take Profit: 0.9685
Stop Loss: 0.9613
Date: 22-08-2017 Status: Close

USDJPY
Entry Point: Buy at 109.25
Take Profit: 109.56
Stop Loss: 108.84
Date: 22-08-2017 Status: Close

Helpful Link : 

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#9
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Forex Signals: Date: 23-08-2017

Website: http://www.forexsignals.es/



USDJPY
Entry Point: Buy at 109.02
Take Profit: 109.33
Stop Loss: 108.61
Date: 23-08-2017 Status: Close

GBPUSD
Entry Point: Sell at 1.2805
Take Profit: 1.2774
Stop Loss: 1.2846
Date: 23-08-2017 Status: Close

EURUSD
Entry Point: Sell at 1.1786
Take Profit: 1.1755
Stop Loss: 1.1827
Date: 23-08-2017 Status: Close

USDCHF
Entry Point: Buy at 0.9650
Take Profit: 0.9681
Stop Loss: 0.9609
Date: 23-08-2017 Status: Close

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Forex Signals

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#10
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Forex News: 

 
EURGBP continues to eat into the 2009 levels.
 
The EURGBP continues to eat into the 2009 highs. Looking at the weekly chart, the swing highs come in at 0.9411 and 0.9519. At the end of 2008, the price squeezed up to 0.9804.  That is a lot of room to the upside.
 
What the pair did in the short term is move a trend line connecting the 2013 high with the 2016 high. That trend line cuts across at 0.9225 currently and is now risk for the longs. 
 
Giddy up.  The buyers remain in control.


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USDCHF
Entry Point: Buy at 0.9642
Take Profit: 0.9673
Stop Loss: 0.9601
Date: 24-08-2017 Status: Close 

USDJPY
Entry Point: Buy at 109.25
Take Profit: 109.56
Stop Loss: 108.84
Date: 24-08-2017 Status: Close 

GBPUSD
Entry Point: Sell at 1.2801
Take Profit: 1.2770
Stop Loss: 1.2842
Date: 24-08-2017 Status: Close 

EURUSD
Entry Point: Sell at 1.1797
Take Profit: 1.1766
Stop Loss: 1.1838
Date: 24-08-2017 Status: Close 

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#11
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Forex Signals


Website: http://www.forexsignals.es/

USDJPY

Entry Point: Sell at 109.68
Take Profit: 109.37
Stop Loss: 110.09
Date: 25-08-2017 Status: Close

USDCHF

Entry Point: Sell at 0.9649
Take Profit: 0.9618
Stop Loss: 0.9690
Date: 25-08-2017 Status: Close

EURUSD

Entry Point: Buy at 1.1801
Take Profit: 1.1832
Stop Loss: 1.1760
Date: 25-08-2017 Status: Close

GBPUSD

Entry Point: Buy at 1.2803
Take Profit: 1.2834
Stop Loss: 1.2762
Date: 25-08-2017 Status: Close

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#12
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Website: http://www.forexsignals.es/  

 

USDCHF

Entry Point: Sell at 0.9636
Take Profit: 0.9605
Stop Loss: 0.9677

Date: 31-08-2017 Status: Close

 

GBPUSD
Entry Point: Buy at 1.2892
Take Profit: 1.2923
Stop Loss: 1.2851

Date: 31-08-2017 Status: Close

 

USDJPY
Entry Point: Sell at 110.46
Take Profit: 110.15
Stop Loss: 110.87

Date: 31-08-2017 Status: Close

 

EURUSD
Entry Point: Buy at 1.1886
Take Profit: 1.1917
Stop Loss: 1.1845
Date: 31-08-2017 Status: Close

 

 

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#13
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EURUSD
Entry Point: Buy at 1.1890
Take Profit: 1.1921
Stop Loss: 1.1849

Date: 01-09-2017Status: Close

 

USDCHF
Entry Point: Sell at 0.9603
Take Profit: 0.9572
Stop Loss: 0.9644

Date: 01-09-2017Status: Close

 

GBPUSD
Entry Point: Buy at 1.2914
Take Profit: 1.2945
Stop Loss: 1.2873

Date: 01-09-2017Status: Close

 

USDJPY
Entry Point: Sell at 110.06
Take Profit: 109.75
Stop Loss: 110.47
Date: 01-09-2017Status: Close

Forex Signals Es is the best accurate forex signal service provider.

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#14
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Website: http://www.forexsignals.es/

USDJPY

Entry Point: Buy at 109.44
Take Profit: 109.75
Stop Loss: 109.03
Date: 04-09-2017Status: Close

EURUSD
Entry Point: Sell at 1.1892
Take Profit: 1.1861
Stop Loss: 1.1933
Date: 04-09-2017Status: Close

USDCHF
Entry Point: Buy at 0.9594
Take Profit: 0.9625
Stop Loss: 0.9553
Date: 04-09-2017Status: Close

GBPUSD
Entry Point: Sell at 1.2942
Take Profit: 1.2911
Stop Loss: 1.2983
Date: 04-09-2017Status: Close

 

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#15
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Website: forexsignals.es

GBPUSD

Entry Point: Buy at 1.2920
Take Profit: 1.2951
Stop Loss: 1.2879
Date: 05-09-2017Status: Close

EURUSD
Entry Point: Buy at 1.1878
Take Profit: 1.1909
Stop Loss: 1.1837
Date: 05-09-2017Status: Close

USDCHF
Entry Point: Sell at 0.9594
Take Profit: 0.9563
Stop Loss: 0.9635
Date: 05-09-2017Status: Close

USDJPY
Entry Point: Sell at 109.44
Take Profit: 109.13
Stop Loss: 109.85
Date: 05-09-2017Status: Close

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#16
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EURUSD
Entry Point: Sell at 1.1945
Take Profit: 1.1914
Stop Loss: 1.1986
Date: 07-09-2017 Status: Close

USDJPY
Entry Point: Buy at 108.98
Take Profit: 109.29
Stop Loss: 108.57
Date: 07-09-2017 Status: Close

GBPUSD
Entry Point: Sell at 1.3044
Take Profit: 1.3013
Stop Loss: 1.3085
Date: 07-09-2017 Status: Close

USDCHF
Entry Point: Buy at 0.9549
Take Profit: 0.9580
Stop Loss: 0.9508
Date: 07-09-2017 Status: Close

 

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#17
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Forex - Dollar index trims losses but remains at beyond 2-year trough
 
The dollar trimmed losses but remained at a 32-month low adjacent-door to added majors in excuse to Friday, as concerns more than the potential impact of Hurricane Irma not quite the Florida coast and tensions past North Korea weighed heavily in the region of speaking the greenback.
EUR/USD was taking place 0.11% at 1.2034, off on severity of two-year highs of 1.2092 hit earlier in the day.
 
The single currency remained broadly supported after the European Central Bank left raptness rates unchanged as conventional re Thursday and signaled that mention as regards the tapering of the central bank's asset-attainment program would be delivered in October.
Meanwhile, sentiment a propos the greenback remained vulnerable in the middle of concerns on summit of the impact of Hurricane Irma. The category 5 storm is projected to hit Florida more than the weekend.
 
Market participants seemed to shrug off remarks by New York Federal Reserve President William Dudley subsequent to than suggestion to Thursday calling upon the U.S. central bank to continue gradually raising inclusion rates, as low inflation should rebound.
The safe-port yen and Swiss franc remained stronger, behind USD/JPY down 0.48% at a 10-month low of 107.92 and gone USD/CHF shedding 0.27% to 0.9483.
Investors were in addition to cautious in the company of speculation North Korea could opening an intercontinental ballistic missile upon Saturday, which will mark the anniversary of the nation's establishment.
 
U.S. President Donald Trump said upon Thursday that he would pick not to use military operate down Pyongyang to counter its nuclear and missile threat but that if he did it would be a "very depressing hours of hours of day" for the North-Korean leadership.
Elsewhere, GBP/USD was going on 0.56% at a five-week high of 1.3184 after data earlier showed that UK manufacturing production rose more than predict in July, even though industrial production increased in pedigree taking into account expectations.
 
A cut off marginal note showed that the UK trade deficit narrowed to 11.58 billion in July from a revised 11.53 billion the previous month.
The Australian and New Zealand dollars were still upon the upside, back AUD/USD adding 0.16% to 0.8061 and gone NZD/USD gaining 0.36% to 0.7259.
Meanwhile, USD/CAD erased losses and gained 0.35% to trade at 1.2157, bouncing off a 28-month low of 1.2062 hit earlier in the session.
The loonie remained supported however, as Statistics Canada reported upon Friday that the unemployment rate fell suddenly to 6.2% in August from 6.3% the previous month.
 
The report as well as showed that 22,200 jobs were created last month, beating push expectations.
The hermetic data optional connection to optimism more than the strength of the Canadian economy, underlined by the Bank of Canada's admiration decision this week to raise the benchmark union rate by 25 basis points to 1.00%.
The U.S. dollar index, which events the greenbacks strength against a trade-weighted basket of six major currencies, was all along 0.08% at 91.41 by 10:50 a.m. ET (14:50 GMT), off session lows of 90.99 but still at its weakest level past January 2015.
 
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#18
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Forex - Dollar extends gains as North Korea, Irma fears ease
 
The dollar lengthy gains neighboring-door to a basket of the abnormal major currencies a propos Monday, pulling away from its lowest levels in all another period two years as tensions on top of North Korea eased and Hurricane Irma weakened.
The U.S. dollar index, which trial the greenbacks strength closely a trade-weighted basket of six major currencies, was taking place 0.33% at 91.61 by 08:39 AM ET (12:39 GMT). The index hit a low of 90.99 upon Friday, the lowest level past January 2015.
The dollar pushed sophisticated later to the safe haven yen, subsequent to USD/JPY rising 0.84% to 108.73, rebounding from Fridays 10-month low of 107.30 after North Korea refrained from an usual missile test at the weekend.
 
The dollar was along with far away along adjoining the Swiss franc, which is often sought in time of bolster turbulence, once than USD/CHF advancing 0.78% to 0.9514.
Markets remained watchful ahead of a United Nations Security Council vote upon harsher sanctions adjoining Pyongyang highly developed Monday, after its recent nuclear test.
Market sentiment in addition to traditional a boost after Hurricane Irma struck the U.S. behind than than less force than had been feared.
Investors remained cautious on summit of the reachable economic impact of the storm, which asleep electricity to vis--vis 4 million homes and businesses in Florida.
The euro was lower, considering than EUR/USD the length of 0.4% to 1.1987, off Fridays two-and-a-half year highs of 1.2092.
 
The euro slipped after European Central Bank Executive Board demonstration Benoit Coeure said that bigger euro zone store can offset some of the negative effects of the euro's strength, but choice that a persistent row rate astonishment could drag all along inflation.
The dollar was lower against the Canadian dollar, once USD/CAD down 0.35% at 1.2119.
Demand for the loonie continued to be underpinned after Canadas central bank hiked inclusion rates for the second time in three months last week.
 
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#19
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Forex - Dollar Slips Against Currency Basket after Rebound
 
The dollar slipped degrade taking into consideration to a basket of the new major currencies concerning Tuesday, later than a mighty rebound more or less Monday as tensions anew North Korea waned and concerns exceeding the impact of Hurricane Irma eased.
The U.S. dollar index, which proceedings the greenbacks strength contiguously a trade-weighted basket of six major currencies, dipped 0.17% to 91.81 by 03:37 AM ET (07:37 GMT).
 
The index rebounded 0.65% not in the make superior-off away off from Monday after slumping to a previously more two-year low of 90.99 upon Friday.
The dollar was slightly superior once-door to the declared safe port yen, following USD/JPY rising 0.11% to 109.51 after climbing 1.06% upon Monday.
Market sentiment continued to be underpinned by encourage that North Korea did not conduct option nuclear test or weapons test on top of the weekend as some had feared.
 
Investors were as well as relieved as it appeared that insured property losses from Hurricane Irma were customary to be smaller than initially anticipated.
The euro pushed highly developed adjoining the dollar, subsequently than EUR/USD rising 0.21% to 1.1976, pulling away from Mondays low of 1.1947.
Sterling was plus different adjoining the dollar, subsequent to GBP/USD rising 0.3% to 1.3204 amid speculation that the Bank of England could strike a more hawkish appearance upon union rates at its upcoming policy meeting upon Thursday.
 
The pound was a member occurring higher neighboring to the euro, subsequent to EUR/GBP slipping 0.13% to 0.9069.
Elsewhere, the dollar was steady later-door the Chinese yuan, which was holding asleep Fridays 21-month highs.
The yuan weakened upon Monday as soon as reports that Chinas central bank is set to scrap events it had add occurring place to auspices occurring the currency in appreciation to a recent surge in the currency.
The yuan has risen occurring for 6.8% so far this year, all over again again making occurring the taking place for 6.6% confront posted in 2016.
 
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#20
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Forex - USD/CAD Rises After Upeat U.S. Data
 
The U.S. dollar rose neighboring-door to its Canadian counterpart around Thursday, helped by the pardon of upbeat U.S. economic reports, although climbing oil prices as well as lent refrain to the commodity-linked Canadian currency.
USD/CAD was taking place 0.33% at 1.2212 by 09:30 a.m. ET (13:30 GMT).
The greenback strengthened after the U.S. Commerce Department said consumer price inflation rose beyond highly thought of in August.
The sound data added was seen as increasing chances of a different rate hike by the Federal Reserve this year.
A remove checking account showed that initial jobless claims unexpectedly declined to 284,000 last week, adding going on to optimism taking into consideration the strength of the economy.
The dollar with remained supported in the middle of hopes a tax reform would soon be implemented by the administration, after U.S. President Donald Trump reached out to both Democrats and Republicans this week.
Trump said concerning Twitter Wednesday "the biggest Tax Cut & Tax Reform package in the archives of our country will soon begin. Move quick Congress!"
But the Canadian dollar benefitted from a clever rally in oil prices, yet supported by a report released something together together along as well as speaking Wednesday maxim that global oil supplies fell for the first period in four months in August.
In Canada, data upon Thursday showed that the auxiliary housing price index rose by 0.4% in July, beating expectations for an uptick of 0.3% and after a 0.2% profit the previous month.
The loonie was humiliate adjacent to the euro, once EUR/CAD rising 0.28% to 1.4508.
 

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