GBPJPY Entry: Target: Stop: Technical Analysis GBP/USD: September 27, 2016
The dollar still hovers in the pressured area compared to other major pairs, seeing that the stocks remains affected regarding the Fed's resolution. Traders are taking some precautionary movements for every execution because of the impact that the U.S Presidential debate might bring.
The pair experienced a downward pressured on Monday because the pound and dollar throw over their acquired profits on Friday. Moreover, the pair also indicated a steep decline against the level of support lied at 1.2900.
The 50, 100 and 200 EMAs sustained a bearish outlook. The resistance is found in the 1.3000 level, support is present in the 1.2900 level.
MACD fail off but give out strength for the sellers. RSI is positioned in the negative condition.
ForexMart Luis 11:45:07 GMT - 09/27/2016
AUDUSD Entry: Target: Stop: Technical Analysis AUD/USD: September 27, 2016
Aussie is on a steady rate with US dollar even though the oil prices decreased. The AUD/USD price channel shows upward movement moving towards 0.7650. The 50-EMA also moved simultaneously in an upward direction reaching the 100 and 200 levels. The 100-EMA crossed the 200-EMA as shown in the 4 hours chart. The resistance was measured at 0.750 while the support follows at 0.7600. The MACD was seen in a downward direction which shows the position of the buyer to be weaker. However, it still presents a signal to buy. The Relative Strength Indicator remains at neutral state.
The initial buyerís target is at 0.7650 level. However, A sharp breakdown almost close to 0.7600 and lower could lead to further decline towards 0.7540. As long as the current 0.7600 stays at that level, the prices are expected to continue in an upward trend.
ForexMart Luis 11:32:11 GMT - 09/27/2016
EURUSD Entry: Target: Stop:
Technical Analysis for EUR/USD: September 27, 2016
The EUR/USD pair rallied up to 1.1278 during Mondayís trading session after positive US housing date enabled investors to avoid the advancement towards a major resistance range. US new home sales went down slightly in August, dropping at a 609,000 annual rate and decreasing by 7.6% as compared to the data last July, lower than the expected 8.6% decline. The USD was also strengthened by comments from the Fedís lacker which has stated that there is a strong possibility of an interest rate hike in December. Germanyís IFO survey has indicated that the business environment in the EU has increased significantly in September, going up to 109.5 from Augustís 106.2, with increase in both the expectations and assessments sector.
The EUR/USD pair meanwhile continues to trade within its current range, suspending its recovery at main resistance levels, with a descent at 1.1615 points. The currency pair also experienced multiple intraday highs and lows within the 1.1280 trading range, and the upward potential will continue to be suspended as long as the price of the pair remains below 1.1280 points. Divergences can already be seen in the 4-hour chart, and the price continues to remain above a highly bullish 20 SMA which has already went above the 100 SMA. There is a high probability of a bearish trading session on Tuesday if there will be more decreases below the 1.1225 range. If the USD continues to strengthen, then there is a probable bearish trade point at 1.1160.
ForexMart Luis 11:13:48 GMT - 09/27/2016
USDJPY Entry: Target: Stop: Technical Analysis for USD/JPY: September 27, 2016
The Japanese yen strengthened in the middle of risk aversion and is remaining to be a safe haven currency after the Bank of Japanís statement that the central bank is preparing to implement additional regulations which are intended to increase inflation rates did not hinder the growth of the yenís value.
The demand for the JPY was supported by the risk-off sentiment, with the price dropping from the present Asian high of 101.00 down to the immediate support level at 100.40 where there is a decreased downward pressure. The 50, 100, and 200 EMAs all declined while the moving averages all went lower in the 4-hour chart. Resistance levels are currently at 101.40 while support levels are at 100.40 points.
The technical indicators for the currency pair are all on the downward trend. However, MACD levels are sustained at the same range which is indicative of positive sellers data. On the other hand, RSI continues to remain over the expected oversold area. The USD/JPY is generally facing a bearish stance, and a closing value at 100.40 might trigger losses and may bring down the pair to the 100.00 range. The USD/JPY may also experience a slight increase if the support for the pair is sustained.
Munich Luis 11:02:49 GMT - 09/27/2016
GBPUSD Entry: Target: Stop: Fundamental Analysis for GBP/USD: September 27, 2016
The GBP/USD pair continues to trade at the bottom of its range, closing Mondayís trading session at 1.2950 points. The pair has not yet been able to make a proper recovery from its past price lows. The value of the currency pair will be most likely be decided by the impending adjustments between other currency pairs, particularly the expected EUR/GBP flows towards the end of September.
The GBP/USD pair had strong resistance levels at 1.3140 last week and has plummeted back to the support levels at 1.2950 after failing to go above the resistance level. The pair also momentarily decreased to 1.2910 before going back above 1.2950 points. Analysts are expecting the pair to be bullish for the rest of the daily trading session, possibly going up to the resistance level of 1.3000 points. If the pair manages to go over this resistance level then this would enable the pair to go in the range of 1.3080-3100, where a lot of sells happened during the last time the pair has reached this level.
However, it is still yet to be seen whether the pair would be able to maintain its current value at 1.2950, and could possible lead to a low on Friday at 1.2910 and then 1.2870. The EUR has a somewhat stable bullish stance, and the GBP is also expected to follow this bullish bearing of the EUR, since there are no major UK news that is expected to come out within this period.
Munich Luis 10:48:05 GMT - 09/27/2016
EURUSD Entry: Target: Stop: Fundamental Analysis EUR/USD: September 27,2016
The pair produced 58 pip range for the traders while its daily average range should be more than 100 pips. The EUR/USD is situated in an open range for the past few weeks because there is a decline in the daily range which cause the traders to experience some trading difficulty. EURUSD trades with a similar range over the same extremes day in and day out.
Furthermore, it is already proven that euro ranked as one of the strongest currency that performed yesterday since it competently sustained its position against the U.S dollar and advanced in much higher level. Its lowest point still persists above the support seen at 1.1200 which also broke the resistance that comes in at 1.1245. It continually ascended and reached the 1.1275 and further confirmed its normal range. Support level settled at 1.1243.
According to forecasts, major news are not yet issued so the European region is expected to carry out another ranging day of trading. It is also recommended that traders and investors alike should mark the time for stable prices.
Munich Luis 10:41:13 GMT - 09/27/2016
Fundamental Analysis Gold: September 27, 2016
A small incremental change closed Gold on Monday. Traders were not expecting for the early sign of weakness after US dollar and US equity markets are traded lower in the market. Adversely, this is an opportunity for metals such as Gold. Sellers domineer trading while buyers are doubting the tenacity of the market after last weekís rally. Up to the last minute before the end of trading session, those on the lookout for bargains benefited from the aberration of the market that move Gold higher.
Monday trading demonstrated inconsistency that continues to sway Gold until investors buy them. The outflow for Gold was brought by short-term pressure that are aggressively seized by investors while sellers are driven because of long liquidation.
The surge of Gold early this year are to hedge funds caused by weakness in the stock market and crude oil. However, there are other options such as Silver, Platinum and Palladium. Until the traders spend big money to gold, the current state of Gold will not change and stop swaying sideways.
Munich Luis 10:23:51 GMT - 09/27/2016
USDJPY Entry: Target: Stop: Fundamental Analysis USD/JPY: September 27 2016
The USD/JPY stopped at 0.665 or -0.66% at 100.306. Financiers of the Japanese yen attacked the US investors on Monday as they kept arguing about the BoJ's plan to change the monetary policy.
Despite of the preparation by many investors for the upcoming OPEC meeting and the first presidential debate of the United States, the Yen merchants awaits for the statement of the central bank Japanese Governor Kuroda. As he affirmed last Monday about the readiness of Nichigin regarding the usage of policy tool for the accomplishing the 2% target of inflation.
Furthermore, news released some information during the meeting by which the bank is confident that they will reach their goal, but there are some uncertainties which might leave an impact for accommodating the renewed policy.
The movement of price can be identified upon the debate outcome, considering that this is the major news at this moment.
In case that Mr.Trump got the victory then stocks presumably would be sold-off whereby investors of yen would be safe because it will settle on a higher position.
Munich Luis ForexMart 10:40:12 GMT - 09/26/2016
Technical Analysis AUD/USD: September 26, 2016
Last week has been the strongest weekly gain for AUD/USD since the end of July. It almost go beyond the 0.76 line. Everything was on a stand still as the Fed price hike is still at stake which is reportedly to happen by December.
It is already anticipated for the rates to remain unchanged at 0.25% AUD/USD started at 0.7501 this week which has incremented to 5 pips from 0.7675 after a low of 0.7500. It regained later last week and closed at 0.7608 withstanding a resistance at 0.7692.
This Monday, the Assistant Governor of the Reserve Bank of Australia is scheduled to give statement at a financial conference at Melbourne. This will give indication on the future monetary policy of the financial market. On the other hand, the Reserve Bank of Australia had implemented two cuts this year and another inflation may happen later this year.
Munich Luis ForexMart 10:32:29 GMT - 09/26/2016
Fundamental Analysis USD/JPY: September 26, 2016
Investors in the Japanese yen were disappointed with the Bank of Japanís plans to reexamine its monetary policies. The reaction to the central bankís announcement caused an initial double-sided volatility. Investors have since decided that this particular decision will have no bearing on the economy and on the Japanese currency.
The BoJís announcement caused the JPY to increase significantly on September 21, but the USD had already started bouncing back by September 23. The USD/JPY closed Fridayís trading session at 100.971 points, going up by 0.211 points or +0.21%. The pair however still closed the week lower by 1.26%.
The USD/JPY pair was also further weakened by the Fedís interest rate and monetary policy statement, which turned out to be less hawkish than expected. The Federal Reserve did not increase its interest rates this month, but there is still a possibility of an interest rate hike in December.
The USD experienced a downward pressure.due to the Fedís lowered expectations and the decreased possibility of future rate hikes, which can lead to a lowered appreciation of the USD since the central bankís decision indicates a slow-moving US economy.
Munich Luis ForexMart 10:12:05 GMT - 09/26/2016
Fundamental Analysis GBP/USD: September 26, 2016
The GBP/USD pair endured the similar fate with the EURUSD since both pairs are stucked in the same range, however the range spot of the euro and dollar are doubled resulting the GBPUSD to have a greater volatility. The trading range is identified subsequent to the Brexit decision and set between the 1.29 and 1.34. The given range presents a price consolidation because the UK market are still waiting for the official price of the sterling after the Brexit ruling. Considering the fact that the EU exit proceeding has not yet initiated again thus the details continued to be unclear making the pound to settled within the uncertain position. In addition to it, the data of UK have presented a better-than-expected results throughout the referendum which bolster the European economy, for all that they still awaits for the detailed activity for better comprehension of the policy effect. As indicated in the weekly chart, the pair is regarded as safe for the investor to use in trading even on the extreme ranges.
A major news regarding Europe is the update of its current account to be issued on 30th of September. Other news from the United States were assumed not to make any impact to the GBPUSD range.
The pair is expected to trade and set a resistance level of 1.3150. If there is a break occurred, it will enable to move in the 1.3300 up to 1.3400 region.
Munich Luis ForexMart 10:05:55 GMT - 09/26/2016
Fundamental Analysis EUR/USD: September 26, 2016
Euro proceeds in a 200 - 300 pips range weeks ago and is expected to keep steady in the remaining days of this month. The EUR/USD pair will continue to move in a bullish way considering that it is a new week which is the last week of September. There is no expected radical change in the market since currency movements this week is an outcome of the trading market activity last week
European banks hope to sustain the range of Euro which is crucial for market recovery since Brexit. However, it is difficult for investors who trade in the same region to afford two currencies wherein both happen to have low values as shown in the charts.
The only affluential news this Monday is the anticipated release of German Ifo Business Climate that concerns Euro this week. This day has a good start and the bullish bias will persist until later this day.
Munich Luis ForexMart 09:41:21 GMT - 09/26/2016
Fundamental Forecast USD/CAD: September 26, 2016
According to the movement of the USDCAD, the trading range lied in between the 1.300 to 1.3060 prior to the data issued by the Canada on the same day which will track the movement of the U.S and Canadian dollar for the remaining trading hours. The pair is trading in a very tight range which resulted an unfavorable outcome concerning the country's retail industry. It is expected that the total will reached 0.5% for the sales of retail good but the upshot emerged -0.1% which is the worst rate of the region. This occurrence made a complete surprise for the market because the USDCAD unexpectedly withdrawn its rank. The USD/CAD were able to move over the 1.3060 resistance level, support is determined in the level of 1.3160.
The U.S dollar indicated a slight bullish tone during Friday's trading day, this development enabled the pair to move into a higher position within the point of 1.3180 that created a firm resistance level, thus persist to carry through the 1.3174 for the rest of the day.
The pair is assumed to work slowly in the vicinity of this region which will stand for longer hours today and provided strength for the U.S dollar. Moreover, the pair is expected to obtain a position seen in the 1.3180 for the following days and can trade with a bearish outlook. The given price range is predicted to establish a support in the 1.3140 and below the 1.3100. There is no major new release by Canada as of this day whereby the range will remain its current condition.
Munich Luis ForexMart 09:28:38 GMT - 09/26/2016
Technical Analysis USD/JPY: September 26 2016
In spite of the curve control announced by the BOJ, the dollar and yen were able to take back its position. Currently, the yen established an in demand status while the stocks were discreet consequent to the statements issued by the central bank and the Fed.
The trading price settled near the 101.40 level on Friday. The pair moves in a lowered position and moderately reached the 50-EMA as recorded in the 4-hour chart. The 50, 100 and 200 EMAs ascertained a bearish trend.
Level of resistance can be seen within the point of 101.40, support is identified in the 100.40 level. MACD experienced a sharp decline by which significantly determined the seller's strength. RSI is found near the oversold region.
Munich Luis ForexMart 09:05:05 GMT - 09/26/2016
Technical Analysis EUR/USD: September 26, 2016
The EUR/USD went up higher during Fridayís trading session as the USD further weakened after the Fedís decision to maintain its current interest rates. The Markit PMI also went out lower than expected after it took the bulk of the earlier increases in the USD. Resistance levels are currently on the downward side after coming out within the 1.1290 range. Support levels are currently near the 10-day moving average at 1.1206 points.
US Markit PMI data dropped by 0.6 points to go out at 51.4 points for September following a 0.9 point drop to 52.0 points in August. Index is now ranging from 50.7-52.9 for 2016, with Septemberís levels going at 53.1 points. New index data showed a decrease to 51.0 points from last Augustís 52.7 points, its lowest level since December 2015. Manufacturing data also went out lower than expected as compared to similar technical readings of composite EU data.
Munich Forexmart Luis 08:52:26 GMT - 09/26/2016
Technical Analysis for USD/CAD: September 26, 2016
The USD/CAD pair went down slightly last week, plummeting at 1.30 points. The currency pair then bounced back from the support barrier, and if the pair goes above the hammer formed then this would mean a very bullish sign for the USD/CAD, and the market would be able to go over the 1.35 trading range.
The oil market is wielding its influence over the financial market, especially since the CAD has become a proxy currency for commodity traders. However, the oil market in general does not look very promising, and speculators are stating that it is only a matter of time before oil prices would take a turn for the worst. This might cause the USD to increase in relation to the CAD in the long-run.
The market is generally expected to go above the 1.35-point level. However, investors are not expected this to occur anytime soon. Pullback levels might be able to offer some measure of projected value and support, given that the market stays above the 1.30 trading range. Buyers are expected to always return to the commodities market, and an upward pressure for the currency market is now felt especially for the possible breakout which could happen at any point now that the volume has returned to the foreign exchange market.
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