Forex Analysis & Reviews

Mohamed Samy

Technical analysis

2016-09-23

301

visited:

NZD/USD Intraday technical levels and trading recommendations for September 23, 2016

Recently, the price zone between 0.7470-0.7500 corresponded to the upper limit of the depicted movement channel where bearish rejection and a valid SELL entry were expressed by the end of last week. S/L should be placed above 0.7550. T/P levels should be located at 0.7240, 0.7160 and 0.7060. On the other hand, the price zone between 0.6960-0.6860 constitutes a significant support zone to be watched for a valid BUY entry if the current bearish swing extends below 0.7100.

Michael Becker

Technical analysis

2016-09-23

268

visited:

Intraday technical levels and trading recommendations for GBP/USD for September 23, 2016

Bearish persistence below the demand level at 1.3550 enhances the bearish scenario towards 1.2700 (the nearest bearish projection target) where price action should be watched for a possible short-term BUY entry. On the other hand, the price zone of 1.3845-1.4040 constitutes the recent supply zone to be watched for new SELL entries if the current bullish pullback extends above 1.3550 (Significant Supply level to be watched for sell entries as well). Otherwise, the GBP/USD pair remains trapped within the depicted consolidation range between 1.2700 and 1.3550.

Michael Becker

Technical analysis

2016-09-23

240

visited:

Intraday technical levels and trading recommendations for EUR/USD for September 23, 2016

Recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May, June and August). In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570. On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).

Petar Jacimovic

Technical analysis

2016-09-23

268

visited:

EUR/NZD analysis for September 23, 2016

Buyers in control on the EUR/NZD. Be careful when selling and watch for buying opportunities. Take profit level is set at the price of 1.5500.

Petar Jacimovic

Technical analysis

2016-09-23

235

visited:

Gold analysis for September 23, 2016

Sideways market at the price of $1,337.50. Be careful when buying Gold at this stage and watch for potential selling opportunities.

Viktor Bajer

Technical analysis

2016-09-23

140

visited:

Technical analysis of AUD/CHF for September 23, 2016

Channel trendline is being rejected while RSI showing bullish divergence. Trend up is likely to continue.

Viktor Bajer

Technical analysis

2016-09-23

131

visited:

Technical analysis of EUR/AUD for September 23, 2016

EUR/AUD rejecting Fibs resistance, suggesting a continuation of a downtrend.

Sebastian Seliga

Fundamental analysis

2016-09-23

228

visited:

Global macro overview for 23/09/2016

The US September Manufacturing Purchasing Manager Index is scheduled for release at 01:45 GMT and the index is expected to have declined a bit to 51.9 from 52 in August as the reading in July was 52.9, which was an eight-month high.

Mourad El Keddani

Technical analysis

2016-09-23

194

visited:

Technical analysis of NZD/USD for September 23, 2016

The NZD/USD pair faces resistance at 0.7283, while strong resistance is seen at 0.7370. Support is found at 0.7218 and 0.7155 levels. Today, the NZD/USD pair continues to move downwards from 0.7283 level. The pair could fall from 0.7283 level to the first support around 0.7218 . As a consequence, if the NZD/USD pair will break support at 0.7218, this level will turn into resistance today.

Sebastian Seliga

Fundamental analysis

2016-09-23

206

visited:

Global macro overview for 23/09/2016

The Vice-President of the European Central Bank, Vitor Constancio, said today at conference session entitled "Low interest rates and the implications for financial stability" at 06:45 GMT in Frankfurt, that a FED interest rate hike in December 2016 would show that it's possible to normalise inflation with time and prove that monetary policy could do it.

Mourad El Keddani

Technical analysis

2016-09-23

144

visited:

Technical analysis of USD/CHF for September 23, 2016

The USD/CHF pair dropped from the level of 0.9733 to the bottom around 0.6581. But the pair has rebounded from the bottom of 0.9660 to close at 0.9703. Today, the first support level is seen at 0.9688, and the price is moving in a bearish channel now. Furthermore, the price has been set below the strong resistance at the level of 0.9688, which coincides with the 23.6% Fibonacci retracement level. This resistance has been rejected several times confirming the downtrend.

Sebastian Seliga

Wave analysis

2016-09-23

285

visited:

Technical analysis of USD/CAD for September 23, 2016

The market has completed the wave iii of the overall impulsive structure and now the counter-trend corrective move in wave iv is in progress. Nevertheless, it does not look like the downward wave progression is now completed as there are still sub-waves missing. The intraday bias is still to the downside.

Sebastian Seliga

Wave analysis

2016-09-23

163

visited:

Technical analysis of EUR/JPY for September 23, 2016

The market has made the bottom of the wave (b) at the level of 112.06 and now the wave (c) is in progress. The recent break out above the intraday resistance at the level of 112.53 (now support) means the bulls have regained their strength. Nevertheless, there is still possibility that the overall structure for this corrective wave might be in form of (a)(b)(c)(d)(e) triangle that will constitute the bigger time frame wave B.

Alexandros Yfantis

Technical analysis

2016-09-23

346

visited:

Technical analysis of USDX for September 23, 2016

The Dollar index bounced yesterday but could not retake the 95.70 level. Price tried to bounce but got rejected once again. Short-term trend is bearish but medium-term trend remains neutral as price is still trapped between 94.60 and 96.60.

Alexandros Yfantis

Technical analysis

2016-09-23

350

visited:

Technical analysis of Gold for September 23, 2016

Gold price could have finished the upside move from $1,308 and could start a correction towards $1,320. Price remains still inside the long-term sideways trading range of $1,300-$1,360 and as long as we are inside this range there will be no clear signal.

Dean Leo

Technical analysis

2016-09-23

267

visited:

EUR/JPY approaching major resistance, prepare to sell

Price is approaching major resistance at 113.50 (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) and we expect price to react off that level for a drop to 112.10. RSI (21) is seeing major resistance from our descending resistance line showing that our bearish move is still in progress.

Dean Leo

Technical analysis

2016-09-23

201

visited:

EUR/AUD right on channel support, buy now

Price is right on channel support at 1.4650. We consider buying at this level for a small push up to strong resistance at 1.4900. RSI (21) is right on an area of support where we expect a bounce from. Stochastics (21,3,3) is also bouncing above our 5% support signalling a bounce is fast approaching.

Dean Leo

Technical analysis

2016-09-23

174

visited:

NZD/USD profit target reached perfectly, look to sell on break of the channel

Price is seeing channel support at 0.7290. We need price to break that level to open a drop to 0.7235. RSI (21) is also seeing ascending support, which similarly needs to be broken to open the move down to 0.7235 in relation to price.

Dean Leo

Technical analysis

2016-09-23

149

visited:

USD/JPY bounced perfectly above our support, remain bullish

USD/JPY bounced above our major support at 100.00 (a big figure, Fibonacci projection, horizontal support) and we expect a further bounce above 100.50 to reach our profit target of 101.45. Stop loss is adjusted to 100.00 for breakeven to protect our profits. RSI (21) is displaying bullish divergence vs price signalling a reversal is impending.

Dean Leo

Technical analysis

2016-09-23

155

visited:

EUR/USD reversed below our stop loss, remain bearish

Price rose and reversed below our stop loss level. We remain bearish looking to sell below 1.1225 now that price has reintegrated back into our descending channel, playing the drop all the way to 1.1160. RSI (21) has reacted off resistance at 76% signalling a bearish move is in progress. Stochastics (21,3,3) has reacted off our 89% resistance as expected from yesterday and still has good downside potential to continue playing the drop.

Symbol	Bid	Ask
EURUSD	1.1224	1.1227
GBPUSD	1.2955	1.2958
USDJPY	100.98	101.01
USDCHF	0.9706	0.9709
USDCAD	1.3167	1.317
EURJPY	113.33	113.36
EURCHF	1.0891	1.0896
GBPJPY	130.81	130.88
GBPCHF	1.2576	1.2583
GOLD	1337.5	1338.1
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