AmanFX Trading Analysis for Currencies and CFD - Page 2
Page 2 of 14 FirstFirst 12345612 ... LastLast
Results 11 to 20 of 133

Thread: AmanFX Trading Analysis for Currencies and CFD

  1. #1
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18

    AmanFX Trading Analysis for Currencies and CFD

    GBP/USD

    GBPUSD pair was trading with the strengthening, finding support at the level of 1.2890. This fact strengthens the bullish view of the pair in the short term. The main target is at 1.3100, with the move above the specified level opening the way to 1.3443. An important condition for achieving these goals is the stability of 1.2890, otherwise the breakdown below will target the 1.2720 test.


    Not allowed!

  2. #11
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    GBP/USD

    GBP/USD re-tested the previously broken neck line of the figure with a double top, the key resistance is at 1.2770. The stochastic indicator tries to unfold from overbought areas, and EMA50 corresponds to the specified resistance, strengthening it. Therefore, these factors encourage us to continue to adhere to the bearish view in the forthcoming sessions, expecting, first of all, a decline to 1.2550. On the change in the trend of the bull, it will be possible to speak only if it is fixed above 1.2770.


    Not allowed!

  3. #12
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    USD/CHF

    The pair USDCHF continues to sway in the sideways around EMA50, and while the price is below 0.9700. Bearish technical picture remains in force. Expecting price movement to the level of 0.9578 at the initial stage. However, the movement above the level of 0.9700 will open the way towards 0.9812 with the subsequent reaching 0.9864 before the decline again resumes.


    Not allowed!

  4. #13
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    USD/JPY

    The pair USDJPY is trading near the EMA50, maintaining its stability below it, which is an additional factor indicating a bearish attitude. I look forward to the resumption of the price bearish trend in the short term. Goals for a drop start at 109.00 and extend to 106.63. On the other hand, growth above 110.90 will cancel the bearish scenario and will target the pair at 113.97 before the decline again resumes.


    Not allowed!

  5. #14
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    USD/CAD

    The USDCAD pair managed to break the support level at 1.3310 by closing the day candle below it. This indicates a bearish technical picture, which will be preserved in the short term. The main goal is at 1.2985 as the next main task. EMA50 and the stochastic indicator on the daily chart are bearish. On the other hand, growth above 1.3310 will push the price to 1.3425, and then 1.3574.


    Not allowed!

  6. #15
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    EUR/USD

    EURUSD yesterday came very close to 1.1300, but then returned to around 1.1200. On the 4H chart, the technical analysis pattern "ascending wedge" is formed, and the price has already broken the lower limit of this model, which indicates a reduction potential to 1.1060. The technical picture remains in effect, as long as the level of 1.1180 is held. On the other hand, the increase above this resistance will target 1.1365 with the subsequent achievement of 1.1615.


    Not allowed!

  7. #16
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    GBP/USD

    Yesterday the GBPUSD pair broke through the level of 1.2770, but then returned, closing below it. The technical picture remains bearish, as indicated by the figure "double top" formed on the 4H chart, and the targets start with testing the level of 1.2550. Therefore, I expect the decline to continue in the upcoming sessions, supported by a declining stochastic. Alternatively, the growth above 1.2770 will cancel the bearish scenario and will target 1.2890 with a further gain of 1.3100.


    Not allowed!

  8. #17
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    USD/JPY

    Yesterday, USDJPY traded with a decline, trying to break 109.00, but later the bulls managed to gain a foothold above this level. Thus, the bearish scenario of development is preserved at forthcoming sessions. EMA50 supports the downward trend, which is developing the bearish channel shown in the graph. I expect the decline to continue, and the next target is at 106.63. An important condition for continuation of the bearish trend is the resistance stability at 110.80.


    Not allowed!

  9. #18
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    USD/CHF

    The pair USDCHF confidently overcame 0.9700 and gained a foothold over it. The formation of the figure "double bottom", the confirmation line of which is at the level of 0.9725, will mean that a violation of this level will confirm the continuation of the bullish rally with the target of 0.9812, and then 0.9864 before the decline resumes. The bearish scenario will again become relevant if the pair falls below 0.9725, in which case it is expected to fall to 0.9578.


    Not allowed!

  10. #19
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    EUR/USD

    The pair EURUSD closed at yesterday's session below the support line of the rising wedge, which is depicted on the chart. This leads to a bearish scenario of developments in the short term, with the first target at 1.1060. EMA50 is directed downwards, further confirming the descending dynamics. Only growth above 1.1185 could nullify bearish scenarios and restore the bullish trend.


    Not allowed!

  11. #20
    Banned
    Join Date
    Aug 2016
    Posts
    5,219
    Thumbs Up
    Received: 12
    Given: 18
    GBP/USD

    The GBPUSD pair made a repeat test at 1.2770, but continues to trade below this level. EMA50 coincides with this resistance level, further strengthening it on a four-hour chart. The stochastic gradually loses the potential of the upward movement, reflecting weakness. Bearish trend will remain in effect until the price is traded below the specified level, while the next main target is 1.2550.


    Not allowed!

Page 2 of 14 FirstFirst 12345612 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •