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  • in reply to: Daily Forex News By Xtreamforex.com #4782

    xtreamforex
    Participant

    Technical Overview of EUR/USD, NZD/USD and USD/JPY Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.1234.

    Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

    The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.

    Previous Day range was 60.2 and Current Day Range is 14.

    NZD USD

    The NZD traded lower against the USD and closed at 0.6804.

    Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

    The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

    The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.

    NZD USD previous Day range was 62.4 and Current Day Range is 19.8.

    USD JPY

    The USD traded little lower against JPY and closed at 111.168.

    According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.
    USD JPY previous day range was 8510 and current day range is 2750.

    in reply to: Daily Forex News By Xtreamforex.com #4758

    xtreamforex
    Participant

    Technical Overview of USD/CHF, NZD/USD and AUD/USD Currency Pairs
    USD CHF

    The USD traded lower against the CHF and closed at 1.0113.

    According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.

    Previous Day range was 88.6 and Current Day Range is 14.1.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6751.

    The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.

    NZD USD previous Day range was 46.9 and Current Day Range is 23.7.

    AUD USD

    The AUD traded little lower against USD and closed at 0.7015.

    According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.

    AUD USD previous day range was 46.5 and current day range is 22.2.

    in reply to: XtreamForex Company News #4753

    xtreamforex
    Participant

    Advantages and Disadvantages of Automated Trading Robots

    If you were an avid trader and you knew there is a way to keep your trading working even when you can’t be there, and be promised maximum returns without having to pay a fee wouldn’t you take it?

    That option is and has been available since the late 90s at the dawn of online trading. Automated trading robots are programs which algorithmically make trading decisions based on preset aspects of orders like time, price, quality etc. There are different types of trading robots, but they are all based on the same theory, and perform the same functions.

    A trader carefully puts their trading essence into the program as they customizes its strategy and the aspects based on which it will react, turning it into a representation of their own mind and trading style. The only difference is that the trader will not be monitoring the system around the clock, and therefore is stripped of the ability to intervene in the occurrence that conditions do not comply with the usual strategy the trader follows.

    The best advantage of trading robots is the emotionless method of performing trades. Emotions such as anger, stress, fear and greed are a trader’s worst enemy, and even the best trader cannot be completely untouched by all the factors which induce these emotions. A trading system will simply follow the strategy and act accurately and responsibly without any last minutes changes, which is why it can turn out to be profitable and helpful. That exact same reason; lack of last minuet changes, is why you may wake up with a hollow account.

    As ‘smart’ as these systems can be created, they will never have the human factor, of reacting to unpredicted situations, which they have not been preprogrammed to react to.
    Technical issues of course are another big factor behind the many failure stories shared by traders. A lag of information update, receiving the wrong data or something as trivial as an electricity cut while your positions are opened can lead to great losses.
    Admittedly these programs are used by big investment companies, and by asset management programs. Though still prone to error, they are backed up and monitored in ways which are very hard to achieve at home.

    Home versions of trading robots are very susceptible to fraud and Forex scam and cannot always be trusted. They can also prove to be much more expensive than you’d imagine. The cost of the program itself can be affordable but the security systems which need to be installed with it; in addition to the data back-up systems which are require can all together be costly.

    At the end of the day trading in Forex is a risk all in its self, you can test the programs through demo accounts and see for yourself, although it’s good to note that even the best Trading Systems have had complains and while companies may take responsibility it is not always the case that you will be reimbursed.

    Automated trading robots have their advantages and disadvantages. What you will focus on is your choice.

    in reply to: Daily Forex News By Xtreamforex.com #4749

    xtreamforex
    Participant

    Technical Overview of USD/JPY, EUR/USD and GBP/USD Currency Pairs

    USD JPY

    The USD traded lower against the JPY and closed at 111.761.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.

    GDP growth can have a positive effect on yen quotes.

    According to the Analysis, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.

    Previous Day range was 3000 and Current Day Range is 1890.
    EUR USD

    The EUR traded higher against the USD and closed at 1.1306.

    ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.

    Cut in deposit rates may have a negative effect on EUR quotes.

    Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.

    GDP allows evaluating the rate of the economic growth and living standard of the population.
    The growth of the indicator value can have a positive effect on euro quotes.

    The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.

    EUR USD previous Day range was 36.7 and Current Day Range is 12.6.
    GBP USD

    The GBP traded little higher against USD and closed at 1.3168.

    Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.

    The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.

    The indicator growth can have a negative effect on US dollar quotes.

    According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.

    GBP USD previous day range was 56.1 and current day range is 16.6.

    in reply to: Daily Forex News By Xtreamforex.com #4733

    xtreamforex
    Participant

    Technical Overview of AUD/USD, EUR/USD and USD/CAD Currency Pairs

    AUD USD

    The AUD traded lower against the USD and closed at 0.7083.

    Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank’s interest rates or in the monetary policy.

    Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.

    The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.

    GDP growth can have a positive effect on AUD quotes.

    According to the Analysis, The pair is expected to find support at 0.70623, and a fall through could take it to the next support level of 0.70418. The pair is expected to find its first resistance at 0.70996, and a rise through could take it to the next resistance level of 0.71164.

    Previous Day range was 37.3 and Current Day Range is 63.2.

    EUR USD

    The EUR traded higher against the USD and closed at 1.1307.

    ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

    The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

    The pair is expected to find support at 1.12849, and a fall through could take it to the next support level of 1.12624. The pair is expected to find its first resistance at 1.13347, and a rise through could take it to the next resistance level of 1.13620.

    EUR USD previous Day range was 49.8 and Current Day Range is 17.5.

    USD CAD

    The USD traded little higher against CAD and closed at 1.3349.
    Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.

    The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.

    Survey results are seasonally adjusted.

    A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.

    Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic conditions and financial outlook in the country.

    Changes in the interest lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency.

    According to the analysis, pair is expected to find support at 1.33134, and a fall through could take it to the next support level of 1.32778. The pair is expected to find its first resistance at 1.33723, and a rise through could take it to the next resistance level of 1.33956.

    USD CAD previous day range was 58.9 and current day range is 25.

    in reply to: Daily Forex News By Xtreamforex.com #4717

    xtreamforex
    Participant

    Technical Overview of NZD/USD, USD/CAD and USD/CHF Currency Pairs

    NZD USD

    The NZD traded lower against the USD and closed at 0.6813.

    The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

    The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 0.67969, and a fall through could take it to the next support level of 0.67804. The pair is expected to find its first resistance at 0.68288, and a rise through could take it to the next resistance level of 0.68442.

    Previous Day range was 31.9 and Current Day Range is 39.2.
    USD CAD

    The USD traded higher against the CAD and closed at 1.3302.

    ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

    Readings above 50 can have a positive effect on US dollar quotes.

    The pair is expected to find support at 1.32724, and a fall through could take it to the next support level of 1.32425. The pair is expected to find its first resistance at 1.33349, and a rise through could take it to the next resistance level of 1.33675.

    USD CAD previous Day range was 62.5 and Current Day Range is 27.1.

    USD CHF

    The USD traded little higher against CHF and closed at 0.9988.

    ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

    The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

    According to the analysis, pair is expected to find support at 0.99707, and a fall through could take it to the next support level of 0.99536. The pair is expected to find its first resistance at 1.00124, and a rise through could take it to the next resistance level of 1.00370.

    USD CHF previous day range was 41.7 and current day range is 22.

    in reply to: XtreamForex Company News #4701

    xtreamforex
    Participant

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    in reply to: Daily Forex News By Xtreamforex.com #4661

    xtreamforex
    Participant

    Technical Overview of EUR/USD, AUD/USD and GBP/USD Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.137.

    The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.

    According to the Analysis, The pair is expected to find support at 1.13474, and a fall through could take it to the next support level of 1.13242. The pair is expected to find its first resistance at 1.14065, and a rise through could take it to the next resistance level of 1.14424.
    Previous Day range was 59.1 and Current Day Range is 10.8.
    AUD USD

    The AUD traded higher against the USD and closed at 0.7092.

    Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018.

    The pair is expected to find support at 0.70658, and a fall through could take it to the next support level of 0.70398. The pair is expected to find its first resistance at 0.71419, and a rise through could take it to the next resistance level of 0.71920.

    AUD USD previous Day range was 76.1 and Current Day Range is 24.2.

    GBP USD

    The GBP traded little higher against USD and closed at 1.326.

    The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).

    According to the analysis, pair is expected to find support at 1.32355, and a fall through could take it to the next support level of 1.32111. The pair is expected to find its first resistance at 1.33008, and a rise through could take it to the next resistance level of 1.33417.

    GBP USD previous day range was 65.3 and current day range is 13.1.

    in reply to: Daily Forex News By Xtreamforex.com #4644

    xtreamforex
    Participant

    Technical Overview of USD/CAD, USD/CHF and USD/JPY Currency Pairs
    USD CAD

    The USD traded lower against the CAD and closed at 1.3155.

    Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.

    GDP growth can have a positive effect on CAD quotes.

    According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.

    Previous Day range was 58.2 and Current Day Range is 17.9.
    USD CHF

    The USD traded lower against the CHF and closed at 1.0013.

    Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.
    The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.
    GDP growth can have a positive effect on CHF quotes.

    The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.

    USD CHF previous Day range was 52.3 and Current Day Range is 26.3.

    USD JPY

    The USD traded lower against JPY and closed at 110.985.

    ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.
    Readings above 50 can have a positive effect on US dollar quotes.

    According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.

    USD JPY previous day range was 7170 and current day range is 1660.

    in reply to: Daily Forex News By Xtreamforex.com #4630

    xtreamforex
    Participant

    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.1388.

    FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed’s recent actions related to the monetary policy.

    The statement consists of two parts: the Fed ‘s Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353.

    Previous Day range was 56.7 and Current Day Range is 17.1.

    NZD USD

    The NZD traded higher against the USD and closed at 0.6882.

    Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.
    Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.
    The indicator growth can have a positive effect on dollar quotes.

    The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168.

    NZD USD previous Day range was 31.8 and Current Day Range is 18.8.

    GBP USD

    The GBP traded lower against USD and closed at 1.3249.

    Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector.

    The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance.
    A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes.

    According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996.

    GBP USD previous day range was 188.9 and current day range is 19.9.

    in reply to: Daily Forex News By Xtreamforex.com #4617

    xtreamforex
    Participant

    Technical Overview of USD/JPY, AUD/USD and USD/CHF Currency Pairs

    USD JPY

    The USD traded lower against the JPY and closed at 111.051.

    Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one.

    The medium-term state of the real estate market is predicted based on this indicator. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 110.676, and a fall through could take it to the next support level of 110.301. The pair is expected to find its first resistance at 111.329, and a rise through could take it to the next resistance level of 111.607.

    Previous Day range was 6530 and Current Day Range is 3180.

    AUD USD

    The AUD traded lower against the USD and closed at 0.7165.

    Consumer Confidence Index displays the level of consumer confidence in the stability of the country’s economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.

    The pair is expected to find support at 0.71358, and a fall through could take it to the next support level of 0.71061. The pair is expected to find its first resistance at 0.71896, and a rise through could take it to the next resistance level of 0.72137.

    AUD USD previous Day range was 53.8 and Current Day Range is 22.5.

    USD CHF

    The USD traded lower against CHF and closed at 1.0006.

    FED Vice Chairman Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
    Among the public statements made by the members of the Fed Board of Governors, the speech of the Vice Chairman is the second most important event after the Chair’s speech.

    According to the analysis, pair is expected to find support at 0.99887, and a fall through could take it to the next support level of 0.99717. The pair is expected to find its first resistance at 1.00171, and a rise through could take it to the next resistance level of 1.00285.

    USD CHF previous day range was 28.4 and current day range is 12.4.

    in reply to: Daily Forex News By Xtreamforex.com #4600

    xtreamforex
    Participant

    Technical Overview of NZD/USD, GBP/USD and USD/CAD Currency Pairs

    NZD USD

    The NZD traded higher against the USD and closed at 0.6847.

    Retail Sales m/m reflect a change in New Zealand’s retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes.

    According to the Analysis, The pair is expected to find support at 0.67853, and a fall through could take it to the next support level of 0.67239. The pair is expected to find its first resistance at 0.68806, and a rise through could take it to the next resistance level of 0.69145.

    Previous Day range was 95.3 and Current Day Range is 31.1.
    GBP USD

    The GBP traded higher against the USD and closed at 1.3053.

    Bank of England Inflation Report Hearings comprise speeches of the BoE Governor and several Monetary Policy Committee members in the British Parliament. Hearings cover latest inflation an financial stability reports; the MPC members answer questions of Parliament members.
    New appointments and new members of the BoE Committees are also discussed at the hearings.

    The event may have a short-term impact on GBP quotes.

    The pair is expected to find support at 1.29878, and a fall through could take it to the next support level of 1.29231. The pair is expected to find its first resistance at 1.30968, and a rise through could take it to the next resistance level of 1.31411.

    GBP USD previous Day range was 10.9 and Current Day Range is 20.8.

    USD CAD
    The USD traded higher against CAD and closed at 1.3142.

    FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed’s recent actions related to the monetary policy.

    The statement consists of two parts: the Fed ‘s Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.

    According to the analysis, pair is expected to find support at 1.31030, and a fall through could take it to the next support level of 1.30643. The pair is expected to find its first resistance at 1.32111, and a rise through could take it to the next resistance level of 1.32805.

    USD CAD previous day range was 108.1 and current day range is 18.2.

    in reply to: Daily Forex News By Xtreamforex.com #4554

    xtreamforex
    Participant

    Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.1334.

    The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies.

    A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.

    According to the Analysis, The pair is expected to find support at 1.13156, and a fall through could take it to the next support level of 1.12973. The pair is expected to find its first resistance at 1.13591, and a rise through could take it to the next resistance level of 1.13843.

    Previous Day range was 43.5 and Current Day Range is 11.6.

    USD CAD

    The USD traded higher against the CAD and closed at 1.3231.
    Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.
    The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.
    The pair is expected to find support at 1.31842, and a fall through could take it to the next support level of 1.31377. The pair is expected to find its first resistance at 1.32556, and a rise through could take it to the next resistance level of 1.32805.

    USD CAD previous Day range was 71.4 and Current Day Range is 16.6.

    USD CHF

    The USD traded higher against CHF and closed at 1.0006.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed’s monetary policy.
    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the analysis, pair is expected to find support at 0.99923, and a fall through could take it to the next support level of 0.99786. The pair is expected to find its first resistance at 1.00213, and a rise through could take it to the next resistance level of 1.00366.

    USD CHF previous day range was 29 and current day range is 11.7.

    Learn Technical Analysis about EUR USD, USD CAD, USD CHF. Two pairs USD CAD, USD CHF look higher then EUR USD.

    in reply to: Daily Forex News By Xtreamforex.com #4547

    xtreamforex
    Participant

    Technical Overview of EUR/USD,USD/CAD and GBP/USD Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.1336.

    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    According to the Analysis, The pair is expected to find support at 1.13159, and a fall through could take it to the next support level of 1.12983. The pair is expected to find its first resistance at 1.13630, and a rise through could take it to the next resistance level of 1.13897.

    Previous Day range was 45.7 and Current Day Range is 18.6.
    USD CAD

    The USD traded lower against the CAD and closed at 1.3175.

    Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.
    The index allows forecasting future production volumes in the short term.
    The value growth can have a positive effect on dollar quotes.
    The pair is expected to find support at 1.31448, and a fall through could take it to the next support level of 1.31146. The pair is expected to find its first resistance at 1.32105, and a rise through could take it to the next resistance level of 1.32460.

    USD CAD previous Day range was 65.7 and Current Day Range is 25.8.

    GBP USD

    The GBP traded lower against USD and closed at 1.3048

    BoE MPC members are responsible for setting the interest rate and their speeches often contain indications on the future possible direction of monetary policy.

    According to the analysis, pair is expected to find support at 1.30038, and a fall through could take it to the next support level of 1.29594. The pair is expected to find its first resistance at 1.30992, and a rise through could take it to the next resistance level of 1.31502.

    GBP USD previous day range was 95.4 and current day range is 23.3.

    in reply to: Daily Forex News By Xtreamforex.com #4537

    xtreamforex
    Participant

    Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs

    EUR USD

    The EUR traded higher against the USD and closed at 1.134.

    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.

    Previous Day range was 81.2 and Current Day Range is 20.1.

    USD CAD

    The USD traded lower against the CAD and closed at 1.3211.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed’s monetary policy.

    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.

    USD CAD previous Day range was 75.4 and Current Day Range is 32.

    USD CHF

    The USD traded higher against CHF and closed at 1.0007

    FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country’s economic and financial conditions, monetary policy and Fed interest rates.
    The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of “for” and “against” votes, as well as the rhetoric of the voting Committee members.
    The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.
    According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.

    USD CHF previous day range was 58.7 and current day range is 13.2.

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