Community Blog
June Strategy Results
i can see you guys in support releasing the results for live contest easy every week. and it's up to date now. can you please announce the June results for strategy contest now ? i mean we are in August for god sake! 2 months for results is way too much!
EUR/USD
BUENOS DIAS, VAMOS A ANALIZAR EL PAR EUR/USD DESPUES DE UNA RUPTURA SIGNIFICATIVA DE 1,1500 EL PAR SE DIRIGE CON FUERZA AL SIGUIENTE NIVELES DE SOPORTE QUE VAMOS A VER A CONTINUANCION. PARA ESTE ANALISIS VAMOS A UTILIZAR HERRAMIENTAS DE SOPORTES Y RESISTENCIAS, LINEA DE TENDENCIA Y ACCION DEL PRECIO
EMPECEMOS CON EL GRAFICO SEMANAL, PODEMOS OBSERVAR QUE LOS SIGUIENTE NIVELES DE SOPORTE SON 1,1300 Y 1,1120. COMO HE COMENTADO ANTERIORMENTE LA RUPTURA DE 1,1500 PONE A LOS VENDEDORES BAJO EL …
EMPECEMOS CON EL GRAFICO SEMANAL, PODEMOS OBSERVAR QUE LOS SIGUIENTE NIVELES DE SOPORTE SON 1,1300 Y 1,1120. COMO HE COMENTADO ANTERIORMENTE LA RUPTURA DE 1,1500 PONE A LOS VENDEDORES BAJO EL …
AUD/CHF
AUD/CAD presently mark: 0.73131
Forecast: Bullish
Buy above LWMA
4H Key points:
Top Resistance: 0.74400
1st Resistance: Lwma
1st Support: Floor
Floor: 0.73135
LWMA: Bearish
Forecast: Bullish
Buy above LWMA
4H Key points:
Top Resistance: 0.74400
1st Resistance: Lwma
1st Support: Floor
Floor: 0.73135
LWMA: Bearish
AUD/CAD
AUD/CAD presently mark: 0.96496
Forecast: Bullish
Buy above LWMA
4H Key points:
Top Resistance: 0.98000
1st Resistance: Lwma
1st Support: Floor
Floor: 0.96300
LWMA: Bearish
Forecast: Bullish
Buy above LWMA
4H Key points:
Top Resistance: 0.98000
1st Resistance: Lwma
1st Support: Floor
Floor: 0.96300
LWMA: Bearish
GBP/USD testing support area at 1.30
GBP/USD fell nearly 300 pips so far this week. Yesterday's Brexit headlines and today's (leaked?) weaker than expected CPI inflation figures for June were among the drivers on the GBP side of equation. Couple that with stronger USD since Fed Powell's testimony. 1.30 is the immediate support ahead of 50% retracement of the 2016 - 2018 upswing near 1.2930.
NZD/USD jumps on signs of inflation
NZD/USD jumped some 50 pips in the morning after RBNZ's measure of core inflation came in at a 7-year high. That came after official inflation data for the second quarter showed a slight miss on expectations, but still solid. NZD/USD rallied off of 0.67 area twice but further upside won't come easy without RBNZ moving into hawkish direction.
GBP/USD supported since Friday afternoon
U.S. dollar continues the sentiment from Friday afternoon, trading weaker today. GBP/USD sold off that day and then reversed just as strongly. The pair is contained in a three-cent range, between 1.3050 - 1.3350. Direction of the breakout will depend on this week's U.K. economic data that may either soldify or weaken the case for BOE rate hike in August.
AUD/USD drifting lower still
AUD/USD has been drifting lower since the beginning of this year. RBA is determined to maintain cash rate at accommodative levels until further notice while the Fed is hiking, which is keeping the pair from rallying. Each attempt at a bounce has fizzled out at two or so cents. 61.8% retracement of the 2016 - 2018 range is the level to watch on the downside.
EUR/USD in the middle of two-month range
EUR/USD ended three-week advance this week, after it topped out ahead of 1.18 on Monday. The pair bounced strongly on Friday and closed the week bang in the middle of the two-month range between 1.15 and 1.185. Technicals and fundamentals are in USD's favour. I think eventual break below 1.15 is in the cards but may take some more churning in the current range.
USD/CHF follows USD/JPY higher
U.S. dollar strength continues. After USD/JPY break to the upside on Wednesday, USD/CHF followed yesterday. The pair rose above parity level and is currently testing year's high near 1.0050. It's pretty much open space above that with big figures as resistance levels. A break lower in EUR/USD would be helpful, given the correlation between euro and franc.