Technical analysis of NZD/USD for August 11, 2017

NZD/USD is still under pressure and expected to trade in lower range. The pair is consolidating below its key resistance at 0.7345. The declining 50-period moving average plays a resistance role. The relative strength index is bearish and calls for a new drop. Hence, as long as 0.7345 holds on the upside, we expect a Read more about Technical analysis of NZD/USD for August 11, 2017[…]






Elliott wave analysis of EUR/NZD for August 11, 2017

Wave summary: EUR/NZD is accelerating higher as a series of wave threes now is expected to develop. With the test of the 1.6236 target, we might see a short-term consolidation just above 1.6050 before the next rally higher towards 1.6969 and above. R3: 1.6470 R2: 1.6300 R1: 1.6236 Pivot: 1.6200 S1: 1.6100 S2: 1.6050 S3: Read more about Elliott wave analysis of EUR/NZD for August 11, 2017[…]






Technical analysis of USD/JPY for August 10, 2017

Our target which we predicted yesterday has been hit. USD/JPY is under pressure and is still expected to move downward. Despite the recent rebound, the pair is trading below the key resistance at 110.20, which should maintain the selling pressure. The relative strength index lacks upward momentum. Hence, as long as 110.20 is not surpassed, Read more about Technical analysis of USD/JPY for August 10, 2017[…]






Technical analysis of USD/JPY for August 09, 2017

USD/JPY is under pressure and expected to continue its downside movement. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is heading downward. Therefore, as long as 110.25 holds on the upside, look for a further decline to 109.35 Read more about Technical analysis of USD/JPY for August 09, 2017[…]






NZD/USD is on major support, remain bullish

Price is right on the major support at 0.7325 (multiple Fibonacci extensions, horizontal swing low support, channel support) and we expect to see a bounce above this level for a push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic is seeing the major support at 8% signalling that a short term Read more about NZD/USD is on major support, remain bullish[…]






Fundamental Analysis of EURUSD for August 7, 2017

After a long impulsive bullish non-volatile trend, EURUSD has recently shown some bearish intervention after few high-impact positive reports were published on Friday. Recently, the US Average Hourly Earnings report was published at 0.3% in line with expectations, which previously was at 0.2%; Non-Farm Employment Change was published a bit lower at 209k from the Read more about Fundamental Analysis of EURUSD for August 7, 2017[…]






Trading Plan for EUR/USD and GBP/USD for August 07, 2017

Technical outlook: Initially weekly, then daily and now we are presenting the 4H chart view for intermediary trade setups in EUR/USD. The pair has produced a much awaited bearish reversal now and is still looking to continue dropping lower. As seen here, the short term story reveals a break below trend line support and that Read more about Trading Plan for EUR/USD and GBP/USD for August 07, 2017[…]






Technical analysis of NZD/USD for August 04, 2017

NZD/USD is expected to trade with bullish bias and maintain the outlook for further rise. The pair is trading above its rising 20-period moving average, which plays a support role. The relative strength index is above its neutrality level at 50 and calls for a new upside. Hence, as long as 0.7390 is not broken, Read more about Technical analysis of NZD/USD for August 04, 2017[…]