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  1. #11
    Junior Trader
    Join Date
    Dec 2018
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    Trust Company Complex, Ajeltake Island, MH96960 Majuro, Marshall Islands
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    Technical Overview of USD Dollar Index


    USD Dollar Index


    Here we see a very interesting scenario that
    1 - USD Index is in a range, the range continues buy Pound Swissie and Euro.
    All the above mentioned pairs share the same formations.
    2 - A Motherbar/Insidebar found @ D1 time frame.
    3 - Stalls @ the Year Resistance 1.
    4 - Already achieved the 200% Extensions.
    5 - Stalls @ Pivot Quarter 1 as a Support
    6 - The Motherbar/Insidebar @ the Pivot support and resistances
    7 - The most important reason for this range is the mixed data from USD. Like rate cuts and positive economic data.
    8 - The CPI data is expected today.
    Keep in mind that it’s correlated with PPI data.
    Detailed Historical data Analysis shows that the Moving average of Period 2 has a downwards slope in CPI and PPI.


    According to the Analysis, The Dollar Index is expected to find support at 96.433, and a fall through could take it to the next support level of 96.333. The pair is expected to find its first resistance at 96.683, and a rise through could take it to the next resistance level of 96.833.


    For Detailed analysis visit XtreamForex YouTube Channel.

  2. #12
    Junior Trader
    Join Date
    Dec 2018
    Location
    Trust Company Complex, Ajeltake Island, MH96960 Majuro, Marshall Islands
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    My Language
    English
    Technical Overview of USD/CNH Currency Pair

    USD CNH

    USD traded higher against CNH and closed at 6.9286
    G-20 Meeting Ahead on 28th June for US China Issues!

    4 Possible outcomes at the coming G20 meeting:
    (1) President Xi does not show at the G20 and the US imposes more tariffs - USDCNH likely breaks 7.00 fairly quickly.
    (2) Xi and Trump meet but talks do not go well and US threatens further tariffs - USDCNH likely breaks 7.00 but more gradually.
    (3) Status quo scenario: Xi and Trump meet, agree to disagree, tariffs go up as planned but USDCNH likely tests 7.00 later in July.
    (4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85.

    According to the Analysis, The USD/CNH is expected to find support at 6.92356, and a fall through could take it to the next support level of 6.91848. The pair is expected to find its first resistance at 6.93474, and a rise through could take it to the next resistance level of 6.94084.

    For Detailed analysis visit XtreamForex YouTube Channel.

  3. #13
    Junior Trader
    Join Date
    Dec 2018
    Location
    Trust Company Complex, Ajeltake Island, MH96960 Majuro, Marshall Islands
    Posts
    11
    Post Thanks / Like
    Credits
    85
    My Language
    English
    Technical Overview of AUD/USD, CHF/JPY, AUD/CAD and EUR/JPY Currency Pair

    AUD USD

    AUD traded higher against USD and closed at 0.6869.
    1 - 1 month long consolidation 0.6850-0.7000 threatens to be below because of the rate cut news.
    2 - RBA will be cutting rates to 0.75% till November.
    3 - On a daily chart we see a perfect resistance trend line indicating a downwards movement
    4 - On daily chart the 1Month long support level can be seen
    5 - The pair is below Yearly, Quarterly, Weekly and monthly pivots
    6 - We can expect a bearish sentiment in the AUD till November as we know there may be massive rate cuts (4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85.
    According to the Analysis, The AUD/USD is expected to find support at 0.68478, and a fall through could take it to the next support level of 0.68260. The pair is expected to find its first resistance at 0.69046, and a rise through could take it to the next resistance level of 0.69396.

    CHF JPY

    CHF traded lower against JPY and closed at 108.654.
    As we already see that market is in a risk aversion state. There is more room for USDJPY to do down. China and Russia are shaking hands against USD, This may strengthen the CHY and devaluate the USD.
    Keep in mind that now a day’s its only fundamentals that are playing in the market. In my opinion The strong currencies are JPY CHF CNY and Weak are USD GBP AUD.

    According to the Analysis, The CHF/JPY is expected to find support at 108.384, and a fall through could take it to the next support level of 108.113. The pair is expected to find its first resistance at 109.020, and a rise through could take it to the next resistance level of 109.385.

    AUD CAD

    AUD traded higher against CAD and closed at 0.9212.
    Fundamentally we know that AUD is weaker due to 2 rate cuts expected in 2019 and low to 0.75% basis points. Hence we can compare it with the strength of CAD.
    Here we see that the pair has found a support at the low from 01.03.2019.
    As this is a very major support and has been the low of last year, we may expect a short term bounce but the Fundamental bias is towards South.

    According to the Analysis, The CHF/JPY is expected to find support at 0.91924, and a fall through could take it to the next support level of 0.91728. The pair is expected to find its first resistance at 0.92257, and a rise through could take it to the next resistance level of 0.92394.

    EUR JPY

    EUR traded higher against JPY and closed at 121.677.
    Risk Aversion is an open secret now. We all know that the investors are after the strength of CHF and JPY. Here in the EURJPY we see 5 bullish candles moving ahead to the 5-day ADR
    Monthly Pivot
    Weekly Pivot
    So, we can expect a breakout from the ADR high or
    A low volume test candle signaling a bearish continuation.

    According to the Analysis, The EUR/JPY is expected to find support at 121.422, and a fall through could take it to the next support level of 121.168. The pair is expected to find its first resistance at 122.095, and a rise through could take it to the next resistance level of 122.514.

    Fundamentals of the Day

    BCC announced that it may see a slowed growth in the British Chamber of Commerce.
    As this announcement may have a negative impact on the GBP, Its advised to stay short on GBP.

    The People’s Bank of China (PBOC), China's central bank, announced on Monday that the second phase of a cut in the reserve requirement ratio. This process is adapted by economies who want to stabilize their economy. Keep in mind that there is G-20 Meeting ahead, that’s why China is Stabilizing itself to face any sort of bad effect of the meeting.

    For Detailed analysis visit XtreamForex YouTube Channel.

  4. ARIONFORXtarder
 

 
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