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Thread: Forex Analysis by LiteForx

  1. #161
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    Brent: the OPEC agreement pushes the prices up

    Current trend

    On Wednesday the oil prices have rapidly grown up by 7%. In particular, the Brent price has risen above the level of 52 dollars per barrel. This significant increase is a result of the agreement on the oil production limitation for 1.2 billion barrel per day set by the OPEC. The disagreements of Saudi Arabia, Iraq and Iran, that were the main obstacles to the agreement, were overcome. As a result Iraq should cut the production by 310K barrel per day, as Iran can even increase it by 90K barrel per day. This was the first agreement since 2008 year. The petroleum exporting counties that don’t belong to the Organization should also join the agreement. In particular Ministry of Energy of Russia has already declared the intention to cut the oil production. Experts (Goldman Sachs, Morgan Stanley) agree that in case of implementation of the agreement by all of its members, which is due at January, 2017, the oil price can rise up to 60 dollars per barrel. But the OPEC members have violated the previous agreements many times, so it’s better to wait until the implementation of the agreement.

    Support and resistance

    The price is growing up to the level of October maxima (53.00). From this area there is a possibility of correction to the level of 50.82 (Fibonacci correction 76.4%) and 49.43 (Fibonacci correction 61.8%, the middle line of the Bollinger Bands), as the Stochastic is ready to leave the overbought area. However in the middle term the growth to the level of 54.00, 55.00 is more likely.

    Support levels: 50.82, 49.43, 48.29.
    Resistance levels: 53.08, 54.00, 55.00.

    Trading tips

    It is recommended to open long positions when the price is set above 53.08 with the target at 54.00, 55.00 and stop loss at 52.60.
    It is recommended to open short positions at the level of 50.82 or 53.00 with the target at 49.43 and stop loss at 53.30.



    ---------- Post added 12-02-2016 at 12:41 PM ---------- Previous post was 12-01-2016 at 03:37 PM ----------

    AUD/USD: general analysis

    Current trend
    All this week the driver for pair’s motion was US dollar. Today is the first Friday of the month, which means that at the beginning of the American session Non-Farm Payrolls will be released. Statistics promise to be positive, which will put pressure on the pair AUD/USD.

    From the technical point of view, the pair broke out of long-term downtrend channel last week. Let us consider two basic scenarios. The first is a continuation of the trend down, which is plausible in light of the strengthening of the dollar in recent years. The second scenario will happen if the breakout is the false one and it only serves to close the stop-loss order of players who trades up. It is not difficult to guess that most of the "bull" stops are in a range between the levels of 0.7309 and 0.7132, so the downward movement may continue to these levels.

    Support and resistance

    Resistance levels: 0.7837 (annual maximum), 0.7779 (monthly and weekly maximum), 07600, 0.7545, 0.7489, 0.7420.
    Support levels: 0.7309, 0.7132 (the level of accumulation of stop-losses).

    Trading tips
    The reasons for the global downward trend of the Australian currency are still in force, so be careful when working in the "bull" corrections. Buy the pair from the level of 0.7420 with the targets at 0.7489, 0.7545 and 0.7600 and stop loss at 0.7370.
    If the alternative scenario develops, the pending orders to buy can be set at the level of 0.7309 with the target at 0.7132 and stop loss at 0.7360.


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  3. #162
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    Quote Originally Posted by LiteFXnews View Post
    Brent: the OPEC agreement pushes the prices up

    Current trend

    On Wednesday the oil prices have rapidly grown up by 7%. In particular, the Brent price has risen above the level of 52 dollars per barrel. This significant increase is a result of the agreement on the oil production limitation for 1.2 billion barrel per day set by the OPEC. The disagreements of Saudi Arabia, Iraq and Iran, that were the main obstacles to the agreement, were overcome. As a result Iraq should cut the production by 310K barrel per day, as Iran can even increase it by 90K barrel per day. This was the first agreement since 2008 year. The petroleum exporting counties that don’t belong to the Organization should also join the agreement. In particular Ministry of Energy of Russia has already declared the intention to cut the oil production. Experts (Goldman Sachs, Morgan Stanley) agree that in case of implementation of the agreement by all of its members, which is due at January, 2017, the oil price can rise up to 60 dollars per barrel. But the OPEC members have violated the previous agreements many times, so it’s better to wait until the implementation of the agreement.

    Support and resistance

    The price is growing up to the level of October maxima (53.00). From this area there is a possibility of correction to the level of 50.82 (Fibonacci correction 76.4%) and 49.43 (Fibonacci correction 61.8%, the middle line of the Bollinger Bands), as the Stochastic is ready to leave the overbought area. However in the middle term the growth to the level of 54.00, 55.00 is more likely.

    Support levels: 50.82, 49.43, 48.29.
    Resistance levels: 53.08, 54.00, 55.00.

    Trading tips

    It is recommended to open long positions when the price is set above 53.08 with the target at 54.00, 55.00 and stop loss at 52.60.
    It is recommended to open short positions at the level of 50.82 or 53.00 with the target at 49.43 and stop loss at 53.30.



    ---------- Post added 12-02-2016 at 12:41 PM ---------- Previous post was 12-01-2016 at 03:37 PM ----------

    AUD/USD: general analysis

    Current trend
    All this week the driver for pair’s motion was US dollar. Today is the first Friday of the month, which means that at the beginning of the American session Non-Farm Payrolls will be released. Statistics promise to be positive, which will put pressure on the pair AUD/USD.

    From the technical point of view, the pair broke out of long-term downtrend channel last week. Let us consider two basic scenarios. The first is a continuation of the trend down, which is plausible in light of the strengthening of the dollar in recent years. The second scenario will happen if the breakout is the false one and it only serves to close the stop-loss order of players who trades up. It is not difficult to guess that most of the "bull" stops are in a range between the levels of 0.7309 and 0.7132, so the downward movement may continue to these levels.

    Support and resistance

    Resistance levels: 0.7837 (annual maximum), 0.7779 (monthly and weekly maximum), 07600, 0.7545, 0.7489, 0.7420.
    Support levels: 0.7309, 0.7132 (the level of accumulation of stop-losses).

    Trading tips
    The reasons for the global downward trend of the Australian currency are still in force, so be careful when working in the "bull" corrections. Buy the pair from the level of 0.7420 with the targets at 0.7489, 0.7545 and 0.7600 and stop loss at 0.7370.
    If the alternative scenario develops, the pending orders to buy can be set at the level of 0.7309 with the target at 0.7132 and stop loss at 0.7360.


    bhai ji opec meeting ki wajah se he oil price up hua hai aur abhi esme resistance break hote he aur up ye jayenga,esme abhi long karna he entry acha rahenga aur trader ko esme dhyaan sekaam karna hoga kyunki aajkal ye bahut he volatile hai..

  4. #163
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    AUD/USD: general analysis

    Current trend

    Tonight a number of macroeconomic data from Japan and China, major trading partners of Australia, was released, as well as data on the trade balance, exports and imports of Australia. Statistics proved to be worse than expected, but this has not led to significant changes in the movement of the pair, which is being corrected now upward after the recent fall. Correction is due to decrease of the US dollar amid supersaturated expectations on raising interest rates. Today, it is worth paying attention to the US unemployment data. The release is expected to be positive and can put pressure on the pair.

    Support and resistance


    Resistance levels: 0.7837 (annual maximum), 0.7779 (month and week high), 0.7600, 0.7545, 0.7489.
    Support levels: 0.7309, 0.7143, 0.7420.

    Trading tips

    Long positions can be opened from the level of 0.7489, stop loss 0.7430, target 0.7600 and then 0.7779.
    Sell orders should be placed at the bottom border of the channel (0.7450), stop loss 0.7510, the goal of 0.7309.


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  5. #164
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    XAU/USD: general analysis

    Current trend

    Gold has been falling against the USD during the last five weeks. During the trading session on Friday the pair was at the level of 1176.70 — close to the year minimum reached in March. The market is under pressure due to USD growing in anticipation of the possible FRS interest rate increase on December, 14. The stable growth of the American stock market which became more attractive to the investors, also pressures the gold.

    Key levels

    On the daily chart the pair is lowering towards the lower border of the Bollinger Bands. The MACD histogram is in negative zone, its volumes are the same on the level of -23.640. Stochastic is in neutral zone, lines are pointed downwards, if it crosses the border of the oversold area, the sell signal will appear.
    Support levels: 1147.30, 1130.75.
    Resistance levels: 1176.30, 1187.70, 1229.70.

    Trading tips

    It’s recommended to open short positions from the current level 1155.00 with the target at 1147.00 and stop loss at 1160.00.
    It’s recommended to open long positions from the level of 1177.00 with the target at 1187.00 and stop loss at 1172.00.

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  6. #165
    Junior Member iheb777 is an unknown quantity at this point iheb777's Avatar
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    answer is they trade without proper knowledge that's why they blow their account and they don't have patience they want profits very quickly. Many people blow their accounts on Forex as it is a high risky business so we have to adhere to a good money management.

    ---------- Post added at 10:36 PM ---------- Previous post was at 10:23 PM ----------

    I do not think it needs to be smart to succeed in the forex ... Because the most Important in the forex market is capability for analysis ... ability to analyze can be created out of the habit of analyzing ... more exercise can make better ...

    ---------- Post added at 10:42 PM ---------- Previous post was at 10:36 PM ----------

    Forex trading can actually be simplified by preparing a trade plan that is simple and workable. This comes after a careful study and analysis of the price direction. It is all about knowing the general outlook of the market whether "bullish" (positive) or "bearish" (negative) for a certain economy, i.e. the economy of the country whose currency is being traded. Its technical side has to be considered by analyzing the charts and checking on the indicators. Since a particular currency pair has an average daily trading volume, it is essential to know if this volume is already exhausted and whether prices are already bound to reverse, or if it is still good to ride on the present price direction. Also key in trading is to set the limits to your account i.e. to have enough buffer or enough capital for the number of lots exposed. Avoid overexposure of account. Stick to your plan (unless a fortuitous event occurs, apply risk management techniques) and practice the discipline. This helps a lot in giving one the confidence and composure in Forex Trading.

    ---------- Post added at 10:48 PM ---------- Previous post was at 10:42 PM ----------

    realy by no means forget this.. why people finish up however the condition will not complement to their own working recommendations they‘re as well ****ually to obtain straight into the business simply since they worry the actual reduction. dropping just about almost most their own money these people hurry straight into the industry

  7. #166
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    Brent: the market remains optimistic

    Current trend

    The trading week started with a strong oil prices growth, the Brent listings reached the maximum from the July, 2015, rising above the level of 57.00. The OPEC and 11 non-OPEC countries have come to the agreement of the oil producing limitation by 558K barrels per day, and this supported the price greatly. The oil Minister of Saudi Arabia declared the possibility of further limitations unilaterally. This brought some optimism on the market, and the middle term targets increased. Today the level of 65 dollar per barrel is the strong support level.

    The market is favorable for the “bulls” now. If all the participants follow the agreement fully, the world extracted oil resources will reduce by 46%, which will make the price to grow. On the other hand, the countries have violated such rules many times. In addition, the USA can prevent the oil prices from growing, as they can increase the production of the shale oil, reopening the wells, declared as unprofitable. So the traders are waiting for the realization of the agreement, remains optimistic.

    Support and resistance

    The price was corrected to the level of 55.24 and now is trying to grow. In case of the breakup at 56.46 the nearest targets will be at 57.10 (December maximum), 58.00 and 58.80. The indicators show the possibility of the growth, too. The price is moving within the upper border of the Bollinger Bands, which is pointed upwards and shows the upward trend, too. The Stochastic is reversing upward, the MACD histogram is growing in the positive area. The continuing of the downward correction to the level of 53.50 (Fibonacci correction 23.6%) and 51.50 (Fibonacci correction 38.2%) is less possible, as the price should consolidate below the 54.80 to develop it.

    Support levels: 54.80, 53.50, 51.50.
    Resistance levels: 56.45, 57.10, 58.00, 58.80, 60.00.

    Trading scenario

    Open long positions when the price is set above 56.45 with the target at 57.10, 58.00 and 58.80. Stop loss is at 55.90. Open short positions below 54.80 with the target at 53.50, 51.50 and stop loss at 55.40.



    ---------- Post added 12-14-2016 at 01:16 PM ---------- Previous post was 12-13-2016 at 05:33 PM ----------

    NZD/USD: technical analysis

    NZD/USD, D1
    On the daily chart the tool is steadily growing along the upper border of the indicator "Bollinger Bands". Indicator is pointing up, while the price range continues to grow, which is the basis for the continuation of the current trend. The MACD histogram is getting closer to zero line from below, its volumes are growing, maintaining a buy signal. Stochastic is going to enter the overbought zone.

    NZD/USD, H4
    On the 4-hour chart the pair is trading in the upper Bollinger band. Indicator is pointing up, while the price range has increased, pointing to the preservation of the current trend. Histogram MACD is in the positive zone, its volumes continue to grow, while maintaining a strong buy signal. Volume line of Stochastic is pointing up, while the signal line is oriented downwards.

    Key levels
    Support levels: 0.7203, 0.7194, 0.7182, 0.7165, 0.7153.
    Resistance levels: 0.7222, 0.7230, 0.7238, 0.7246.

    Trading tips
    Long positions may be opened at the current price with the targets at 0.7238, 0.7250 and stop loss at 0.7200. Implementation period 1 day.
    Short positions can be placed at the level of 0.7205 with the targets at 0.7180, 0.7170 and stop loss at 0.7195. Implementation period 1 day.


    L!teForex Representative

  8. #167
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    EUR/USD: general analysis

    Current trend

    The pair is lowering. It renewed the historical minimum due to the FRS decision of the key interest rate rise to 0.5-0.75%. The rise was expected, and furthermore, the commitment to the tightening of the US monetary policy was announced.
    “A modest increase in the federal funds rate is appropriate in light of the solid progress we have seen toward our goals of maximum employment and 2% inflation”, — is written on the official site of the FRS. Janet Yellen said that the FRS will pursue its policy according to Trump’s economical plan for lowering the taxes and increasing of spending on infrastructure. The new interest rate rise in the next year was also announced.

    As today there are no significant releases in Eurozone, the USA Retail Sales and Initial Jobless claims indicators are worth traders’ attention.

    Support and resistance

    On the 4-hour chart the pair broke the lower border of the Bollinger Bands indicator, showing a strong sell signal. The MACD is on negative zone, its volumes are rising. The signal line crosses the histogram body downwards, giving sell signal. The Stochastic crosses the border between neutral area and oversold area downwards, giving a signal to open shorts positions.

    Support levels: 1.0400.
    Resistance levels: 1.0500, 1.0550, 1.0600, 1.0650, 1.0710, 1.0735, 1.0800, 1.0830, 1.0870.

    Trading scenario

    Open short positions from the current price with the target at 1.0300. Stop loss is at 1.0450.
    Open long positions from the level of 1.0550 with the target at 1.0600. Stop loss is at 1.0520.
    Implementation period: 1-3 days.



    ---------- Post added 12-16-2016 at 02:41 PM ---------- Previous post was 12-15-2016 at 04:46 PM ----------

    XAG/USD: silver is falling

    Current trend

    Yesterday the price of silver significantly declined amid a continuous strengthening in the US Dollar that was supported by strong data from the US.

    The Consumer Price Index excluding Food and Energy in November rose by 2.1% that matched the figure from the previous month but came out a 0.1% worse than forecasts of economists. On a month-to-month basis, the index added 0.2% that matched the expectations. Additionally, the number of Initial Jobless Claims for the week ending 9 December fell from 258 thousands to 254 thousands that exceeded the expectations by 1 thousand claims. The NY Empire State Manufacturing Index in December grew from 1.5 to 9.0 points, more than twice beating the forecasts. The Philadelphia Fed Manufacturing Index rose from 7.6 to 21.5 points, against the expectations of a growth to only 9.0 points.

    Support and resistance

    Bollinger Bands on the daily chart turned down while the price range is widening. The price, however, is trading underneath its lower border. MACD is falling having formed a sell signal. Stochastic continues falling having reached the oversold zone.
    The indicators recommend waiting for clearer trading signals.

    Support levels: 15.87 (local low), 15.65, 15.51 (11 April low).
    Resistance levels: 16.00 (local high), 16.15 (25 November low), 16.30, 16.42 (18 November low), 16.62, 16.73 (local high), 16.87, 17.00, 17.22 (16 November high).

    Trading tips

    Long positions can be opened after the price consolidation above the level of 16.15 with targets at 16.62, 16.73, 17.00 and stop-loss at 15.80. Validity – 2-3 days.
    Short positions can be opened after the breakdown of the level of 15.87 with targets at 15.51, 15.25, 15.00 and stop-loss at 16.15. Validity – 2-3 days.


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  9. #168
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    boha zaber dast post hai bhai app ney market ko poray terha say batay hai k kiss terha move ho gi or kahan tak market move kar k ja sakti hai agar app esi terha say sub ko gaid karte rahainto aca earn ho sakta hai

  10. #169
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    GBP/USD: general analysis

    Current trend

    During the last week trading sessions the pair has lost about 110 points due to the strengthening of the USD. As expected, the regulator has increased the key interest rate from 0.50% to 0.75%, adding than the next rate rise can happen in the first half of the next year. On Thursday, December, 15, the Bank of England has decided to keep the interest rate on the same level of 0.25%. The Head of the regulator, Mark Carney has commented the decision carefully and avoided any specificity. However, he said that the inflation stays within expected range, and there are no conditions to its growth.

    Concerning the “hawk” rhetoric of the USA FRS and tough negotiations between UK and the EU upon the Brexit, the pair will decrease in the long term.

    Support and resistance

    On the 4-hour chart the pair is trading in the bottom area of the Bollinger Bands. The indicator is pointed downwards, as the price range is wide, so the current trend will continue. The MACD is in negative zone and doesn’t give a clear signal. The Stochastic is ready to leave the overbought area, forming a strong sell signal.
    According to the readings, it’s better to open short positions.

    Support levels: 1.2450, 1.2401, 1.2361, 1.2184.
    Resistance levels: 1.2516, 1.2567, 1.2605, 1.2648, 1.2698, 1.2723.

    Trading scenario

    Open short positions on the current level with the target at 1.2400. Stop loss is at 1.2520. Implementation period: 1-2 days.
    Open long positions from the level of 1.2520 with the target at 1.2570. Stop loss is at 1.2500. Implementation period: 1-3 days.



    ---------- Post added 12-20-2016 at 01:34 PM ---------- Previous post was 12-19-2016 at 02:57 PM ----------

    USD/CAD: general analysis

    Current trend
    The Canadian dollar continues to move in the upward channel since March 2016. Since last week, the pair once again start the upward movement within the channel, caused by the strengthening US dollar. Now the pair is in the middle of the range.
    Further movement of the pair may be affected by data on wholesale sales from Canada at 15:30 (GMT+2) today, retail sales data from the US, and particularly the report of the American Petroleum Institute at 23:30 (GMT+2). As you know, the Canadian dollar has a strong correlation with the oil price. For the same reason it is important to pay attention to the Wednesday release, 17:30 (GMT+2) of oil stats from the US.

    Support and resistance levels
    Support levels: 1.3262, 1.3315, 1.3376, 1.2988, and, of course, the lower boundary of the channel at 1.3130.
    Resistance levels: 1.3521, 13579, 1.3800 (the upper border of the channel), 1.3844.

    Trading tips
    Long positions may be opened at the market price, targets – 1.3521 and 1.3579, stop loss –1.3340.
    The scenario with a return to the bottom border of the channel is still relevant. In this case, we sell from the level 1.3376 with target at 1.3130 and stop loss at 1.3450.


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  12. #170
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    AUD/USD: general analysis

    Current trend

    Yesterday, the Australian currency continued its decline against the US dollar after the release of Bank of Australia Meeting Minutes on interest rates and monetary policy. However, during the American session, the pair gained back about forty points from the 90 it had lost. The releases of the leading economic indicators index in Australia and the index of activity in all sectors of Japan did not affected the situation significantly.

    Today, at 14:00 and 16:00 (GMT+2) we expect the stats on real estate market and mortgage lending in the US. Also important data will be stats on stocks of petroleum products in the US (17:30 GMT+2).

    Support and resistance

    Resistance levels: 0.7837 (one-year maximum), 0.7776 (month and week high), 0.7660, 0.7600, 0.7545, 0.7489, 0.7420, 0.7309.
    Support levels: 0.7143, 0.7021, 0.6828.

    Trading tips

    Short positions can be opened at the market price with the targets of 0.7143, 0.7021 and stop loss at around 0.7310.
    If the price consolidates above 0.7309 level, then the long positions will become relevant. Targets for the “bulls” will be 0.7420, 0.7489 and stop loss at around 0.7250.


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