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      Daily Technical Outlook ForexTime ( FXTM )

      FXTM ForexTime

      FXTM ForexTime

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      Daily Technical Outlook ForexTime ( FXTM )

      Technical Outlook for the week ahead 12-09 to 16-09-2016

      EUR/USD

      The Euro continue to trade sideways in the near-term, after the last ECB meeting showed that the central bank is likely to maintain the current asset purchase program unchanged until March 2017.

      The single currency reached a high of 1.1325 during last week before to retreat towards 1.1200 psychological support, which represents the 61.8% retracement of the recent recovery that began from 1.1122 low.

      This level is considered as the short-term support for the pair, and as far as this level holds, the Euro should remain steady in the coming days. In the opposite, a daily close below it, should trigger another sell-off and will put the single currency under pressure again.

      In extension a break above 1.1285 resistance is needed to confirm another rally in the direction of 1.1325/50 zone.

      To summarize, the Euro remain one of the strongest currencies in the near-term and traders should wait for the break of the mentioned above levels, to get more clues about the future price action in the pair.

      Support: 1.1200-1.1150-1.1122

      Resistance: 1.1260-1.1325-1.1350

      eurusd-h1-hf-markets-sv-2.png



      Source : http://www.forextime.com/market-analysis

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      Technical Outlook for the week ahead 12-09 to 16-09-2016

      GBP/USD

      The Sterling failed to overtake 1.3450 daily resistance last week as bullish momentum decreased on Friday.

      Looking at the technical picture, the pair fell after breaking below 1.3290 hourly support and managed to retrace 50% of the entire rally seen from 1.3060 low.

      This level stands at 1.3250 and should continue to give strong support to prices in the coming days. In the daily chart, the pair is trying to confirm a major bullish reversal as prices succeeded to overtake the bearish trend line that comes from 1.3530 peak. In addition, the British pound continue to print higher lows from 1.2798 yearly low, which keeps the short-term outlook positive.

      As of now, the pair should keep trading higher in the direction of 1.3375 resistance as far as prices remain above 1.3232 low.

      Support: 1.3296-1.3232-1.3126

      Resistance: 1.3375-1.3397-1.3445


      gbpusd-h4-hf-markets-sv-2.png



      Source : http://www.forextime.com/market-analysis

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      Technical Outlook for the week ahead 12-09 to 16-09-2016

      USD/JPY

      The pair turned lower in the hourly chart as prices succeeded to break below 101.96 support.

      Therefore, another extension lower in the direction of 101.20 level is likely as far as 102.65 peak is in place.

      Looking at the daily chart, the pair found strong resistance near the 61.8% retracement of the entire decline that began from 107.50 peak, which stands at 104.45 level and therefore, a downside continuation is possible in the coming days.

      As of now, the bullish momentum seen recently has faded and a daily close below 101.20 support would be ideal for another sell-off that can reach 100.50 major support.

      In the flipside, only a breakout above 102.65 peak will weaken this negative scenario.

      Support: 101.40-101.20-100.50

      Resistance: 102.16-102.65-103.05


      usdjpy-m30-hf-markets-sv.png




      Source : http://www.forextime.com/market-analysis

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      Technical Outlook for the week ahead 12-09 to 16-09-2016

      USD/CAD

      The pair is trading inside a big range that stands between 1.2760 support and 1.3250 resistance.

      Therefore, traders should be careful in this kind of situations. Regarding the near-term technical outlook, the pair is likely to extend its rally in the direction of 1.3155 weekly resistance.

      However, a downside correction remains possible during the beginning of this week and can reach 1.3007-1.2995 support zone before to see strong buyers again for another wave higher.

      Support: 1.3040-1.3007-1.2995

      Resistance: 1.3102-1.3125-1.3155

      usdcad-h4-hf-markets-sv-4.png



      Source : http://www.forextime.com/market-analysis

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      Technical Outlook for the week ahead 12-09 to 16-09-2016

      AUD/USD

      The Australian dollar ended last week on a negative note as prices have showed a strong shooting star reversal candle in the weekly chart.

      From a technical standpoint, the pair may challenge 0.7575-0.7595 resistance zone in the coming days before the decline resume. Therefore, we expect sellers to appear from the mentioned above zone for another re-test of 0.7490 major support.

      In the other side, only a daily close above 0.7657 peak will unwind the selling pressure and another jump in the direction of 0.7725 weekly resistance will be very likely.

      To summarize, the daily trend is clearly bullish in this pair while the hourly trend has turned bearish, meanwhile, a clear breakdown below 0.7490 support should trigger a big drop in the pair.

      Support: 0.7518-0.7490-0.7450

      Resistance: 0.7575-0.7595-0.7657


      audusd-h1-hf-markets-sv-3.png



      Source : http://www.forextime.com/market-analysis

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      Technical Outlook for the week ahead 12-09 to 16-09-2016

      Dollar index

      Looking at the U.S Dollar recent price action, the Greenback keep fighting for a clear direction as speculation about the date of the future U.S rate hike intensified.

      Technically, prices remain under pressure in the hourly chart, as the index continue to print lower highs from 97.60 peak.

      Recently, we have seen strong sellers at the 61.8% Fibonacci retracement of the drop that began from 96.23 peak. Consequently, a move lower towards 94.45 support remain possible for the week ahead.

      In the flipside, 96.25-96.50 levels are considered as a strong resistance zone for the near-term price action and the upside potential remain limited below these barriers. From a wider angle, the Dollar keep trading sideways in the weekly chart, as investors remain skeptical about the FED monetary policy. Consequently, volatility can persist in the near-term unless we see a clear break above 96.50 peak or below 94.00 daily support.

      Support: 94.80-94.45-94.00

      Resistance: 95.60-96.25-96.50


      index-sep6-h4-ads-securities-llc-3.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      EUR/USD

      The Euro remain steady in the near-term as prices continue to hold above 1.1200 psychological support.

      The single currency jumped today and did an attempt to overtake 1.1265 hourly resistance but we can clearly see that prices still need additional bullish momentum to create a sustainable breakout.

      The 1.1200 handle is considered as the short-term support for the pair, and as far as this level holds, the Euro should remain steady in the coming days. In the opposite, a daily close below it, should trigger another sell-off and will put the single currency under pressure again.

      In the other side, a break above 1.1265 resistance is needed to confirm another rally in the direction of 1.1325/50 zone.

      To summarize, the Euro should continue to trade sideways to higher in the following hours until we see a clear break above the mentioned above resistance level.

      Support: 1.1200-1.1150-1.1122

      Resistance: 1.1265-1.1325-1.1350

      eurusd-h1-hf-markets-sv_0.png




      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      GBP/USD

      The Sterling fell during the open of the U.S trading session and has reached a major support zone located around 1.3152/27 levels.

      This zone represents the 50% retracement of the entire recovery seen from 1.2865 low to 1.3445 peak, in the meantime, it coincides with the former broken bearish trend line that comes from 1.3530 high.

      Therefore, the British pound should begin a new wave to the upside ahead of Bank of England rate decision tomorrow and we can see prices reaching as high as 1.3255/70 zone before to find new sellers again.

      In the flipside, a drop towards 1.3200/10 may offer fresh buying opportunities for bulls.

      Support: 1.32000-1.3166-1.3137

      Resistance: 1.3255-1.3270-1.3290

      download.png

      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      USD/JPY

      The pair turned lower in the hourly chart as prices failed to overtake 103.35 resistance.

      Therefore, another extension lower in the direction of 101.35 support level is likely as far as 102.95 peak is in place.

      Looking at the daily chart, the pair found strong resistance near the 61.8% retracement of the entire decline that began from 107.50 peak, which stands at 104.45 level and therefore, a downside continuation is possible in the coming days.

      As of now, the bullish momentum seen recently has faded and a daily close below 101.35/20 support zone would be ideal for another sell-off that can reach 100.50 major support.

      In the flipside, only a breakout above 103.35 peak will weaken this negative scenario.

      Support: 101.35-101.20-100.50

      Resistance: 102.95-103.35-103.70


      usdjpy-m30-hf-markets-sv_0.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      USD/CAD

      The pair soared recently as commodity currencies entered into a bear market in the short-term. In addition, the sell-off in Oil continue to support the pair and as of now, the focus should be on 1.3250 resistance in the coming days.

      Therefore, the downside potential in USD/CAD is likely to remain limited and as far as 1.3025 low is in place, new high can be seen very soon.

      However, a downside correction remains possible and should find strong buyers above 1.3120 level as it represents the hourly support.

      Support: 1.3136-1.3120-1.3025

      Resistance: 1.3200-1.3250-1.3370


      usdcad-h4-hf-markets-sv-3.png




      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      AUD/USD

      The Australian Dollar ended last week on a negative note as prices have showed a strong shooting star reversal candle in the weekly chart.

      Therefore, a continuation to the downside was highly anticipated as per our previous reports. Effectively, the Aussie dropped sharply after breaking below 0.7495 daily support, which may now act as a strong resistance in the near-term ahead of Australian employment change figures, which will be released overnight.

      In the other side, only a daily close above 0.7567 peak will unwind the selling pressure and another jump in the direction of 0.7725 weekly resistance can happen.

      In extension, a worse than expected figures may fuel the next wave lower and we can see the pair falling to as low as 0.7420 in the coming hours.

      Support: 0.7440-0.7420-0.7367

      Resistance: 0.7495-0.7535-0.7567

      audusd-h1-hf-markets-sv.png




      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      Dollar index

      Looking at the U.S Dollar recent price action, the Greenback keep fighting for a clear direction as speculation about the date of the future U.S rate hike intensified.

      Technically, prices remain under pressure in the hourly chart, as the index continue to print lower highs from 97.60 peak.

      Recently, we have seen strong sellers at the 61.8% Fibonacci retracement of the drop that began from 96.23 peak. Consequently, a move lower towards 94.45 support remain possible for the week ahead.

      In the flipside, 96.25-96.50 levels are considered as a strong resistance zone for the near-term price action and the upside potential remain limited below these barriers. From a wider angle, the Dollar keep trading sideways in the weekly chart, as investors remain skeptical about the FED monetary policy. Consequently, volatility can persist in the near-term unless we see a clear break above 96.50 peak or below 94.00 daily support.

      Support: 94.80-94.45-94.00

      Resistance: 95.60-96.25-96.50


      usdindex-d1-hf-markets-sv-3_1.png



      Source : http://www.forextime.com/market-analysis

      Belum trading di FXTM? Daftar Sekarang!
       
      Daily Technical FXTM

      Dollar index

      Looking at the U.S Dollar recent price action, the Greenback keep fighting for a clear direction as speculation about the date of the future U.S rate hike intensified.

      Technically, prices remain under pressure in the hourly chart, as the index continue to print lower highs from 97.60 peak.

      Recently, we have seen strong sellers at the 61.8% Fibonacci retracement of the drop that began from 96.23 peak. Consequently, a move lower towards 94.45 support remain possible for the week ahead.

      In the flipside, 96.25-96.50 levels are considered as a strong resistance zone for the near-term price action and the upside potential remain limited below these barriers. From a wider angle, the Dollar keep trading sideways in the weekly chart, as investors remain skeptical about the FED monetary policy. Consequently, volatility can persist in the near-term unless we see a clear break above 96.50 peak or below 94.00 daily support.

      Support: 94.80-94.45-94.00

      Resistance: 95.60-96.25-96.50

      usdindex-d1-hf-markets-sv_0.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      EUR/USD

      The Euro is about to end the day little changed as the lack of liquidity and economic drivers does not help the single currency to exit from its tight range located between 1.1265 in the upside and 1.1200 handle in the downside.

      The Euro made another attempt to overtake 1.1265 hourly resistance but we can clearly see that prices still need additional bullish momentum to create a sustainable breakout.

      In the other side,1.1200 handle is considered as the short-term psychological support for the pair, and as far as this level holds, the Euro should remain steady in the coming days. While a daily close below it, should trigger another sell-off and will put the single currency under pressure again.

      However, a break above 1.1265 resistance is needed to confirm another rally in the direction of 1.1325/50 zone.

      Support: 1.1200-1.1150-1.1122

      Resistance: 1.1265-1.1325-1.1350


      eurusd-h1-hf-markets-sv-2_0.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      GBP/USD

      The Sterling traded in a choppy manner today as both bulls and bears continue to fight to overtake the control of the market.

      As of our previous report, cable rallied to a high of 1.3272 before to retreat below 1.3200 handle during the U.S trading session.

      Actually, prices managed to bounce back again before the daily close, therefore, cable can continue heading to the upside towards the 50% retracement of the entire recovery seen from 1.2865 low to 1.3445 peak, located around 1.3290 level before to begin a new wave lower.

      In the flipside, a drop below 1.3178 level should put the pair under pressure again.

      To summarize, the Sterling remain positive in the hourly chart as far as prices continue to trade above 1.3140 low.

      Support: 1.3178-1.3140-1.3050

      Resistance: 1.3270-1.3290-1.3345


      gbpusd-h4-hf-markets-sv.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      USD/JPY

      The pair turned lower yesterday in the hourly chart as prices failed to overtake 103.35 resistance.

      Therefore, another extension lower in the direction of 101.35 support level was expected, but looking at today’s price action, the pair remain neutral to slightly bearish below 102.95 peak.

      In the daily chart, the pair found strong resistance near the 61.8% retracement of the entire decline that began from 107.50 peak, which stands at 104.45 level and therefore, a downside continuation is possible in the coming days.

      As of now, the bullish momentum seen recently has faded and a daily close below 101.35/20 support zone would be ideal for another sell-off that can reach 100.50 major support.

      In the flipside, only a breakout above 103.35 peak will weaken this negative scenario.

      Support: 101.35-101.20-100.50

      Resistance: 102.95-103.35-103.70

      usdjpy-m30-hf-markets-sv_1.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      USD/CAD

      USD/CAD retreated today for the first session, after a big rally seen in the previous days.

      The pair showed a bearish engulfing candlestick, which can lead to a deeper correction to the downside and 1.3107 support level can be the next point of interest in this pair. From a wider angle, 1.3030 low represents the bullish pivot in the 4hour chart and the downside potential is likely to remain limited above this support.
      In the weekly chart, traders should be aware that the pair is about to confirm a bullish reversal, which will come with a weekly close above 1.3250 resistance, consequently, after looking at momentum indicators, a big rally can be underway especially if 1.3250 resistance is taken out.

      Support: 1.3136-1.3120-1.3025

      Resistance: 1.3235-1.3250-1.3370

      usdcad-h4-hf-markets-sv.png



      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      AUD/USD

      The Aussie managed to bounce on Thursday near the weekly support of 0.7420 as the bearish momentum decreased following Australian employment figures that came out overnight.


      Technically, the trend still bullish in the daily chart and as far as 0.7400 psychological support is in place, prices may stabilize in the near future. Regarding the short-term outlook, the Australian Dollar is bearish and any recovery should find strong sellers around 0.7550 area, while in the flipside, a daily close below 0.7440/20 zone should trigger a big sell-off in the coming days.

      Support: 0.7440-0.7420-0.7367

      Resistance: 0.7535-0.7550-0.7567


      audusd-h1-hf-markets-sv_0.png




      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      EUR/USD

      The Euro began the week higher on the back of profit taking ahead of FED rate decision scheduled for the coming Wednesday.

      The single currency traded into a short-term corrective wave that found an end around 1.1200 former support, which turned as a resistance for the time being.

      Looking at last week close, we believe that the pair is set for further decline, especially if 1.1235 hourly resistance remain intact. Therefore, a move lower towards 1.1125 area is likely followed by 1.1045 major support.

      This view remains valid as far as prices keep trading below 1.1285 peak and only a daily close above this level, will cancel this negative scenario.

      Support: 1.1160-1.1125-1.1045

      Resistance: 1.1200-1.1235-1.1285


      eurusd-h4-hf-markets-sv_0.png




      Source : http://www.forextime.com/market-analysis

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      Daily Technical FXTM

      GBP/USD

      The Sterling jumped to reach as high as 1.3090 level before to retreat during the U.S trading session.

      Regarding the daily trend, cable remain strongly bearish after the breakdown below 1.3055 support that happened last Friday. Therefore, today’s rally is likely to be short-lived as the pair may face strong resistance around 1.3075-1.3135 zone, for another acceleration to the downside during the coming days.

      As of tomorrow, traders should focus on 1.3030/15 support as a break below it will confirm that bears have overtook the control of the market again. Consequently, 1.2935 is likely to be tested.

      In the flipside, a breakout above 1.3090 peak will expose 1.3135 barrier before to see new sellers.

      Support: 1.3030/15-1.2975-1.2935

      Resistance: 1.3290-1.3135-1.3170


      gbpusd-d1-hf-markets-sv.png




      Source : http://www.forextime.com/market-analysis

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