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Forex News Analysis by LiteForex


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  #431  
Old 09-06-2017, 11:30 PM
LiteForex OfficLiial LiteForex OfficLiial is offline
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LiteForex NZD/USD: general review

Current trend

New Zealand dollar grew against USD during trading on Tuesday supported by the growth of prices for dairy products by 0.3% (the highest in the last three months) and reduced returns on US state bonds. US markets opened after a holiday, and a number of important macroeconomic releases is planned for the current week. Investors are concerned that the concequences of Harvey storm may lead to the fall of economic indicators in the short term whic may influence the Fed's decision on the possible increase of interest rates this year. Potential nuclear crisis in North Korea also has a negative impact on the rate of the US currency.
Today traders have to pay special attention to the release of data on Markit PMI changes and services PMI by ISM.

Support and resistance

Support levels: 0.7200, 0.7185, 0.7160, 0.7130.
Resistance levels: 0.7250, 0.7280, 0.7300, 0.7330.

Trading tips


Long positions may be opened from the level of 0.7260 with target at 0.7330 and stop-loss at 0.7220.
Short positions may be opened from the level of 0.7200 with targets at 0.7150 and stop-loss at 0.7230.
The period of implementation is 1-3 days.

Read more analytic on LiteForex site https://www.liteforex.com/trading/forex-analysis/

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  #432  
Old 09-07-2017, 11:45 PM
LiteForex OfficLiial LiteForex OfficLiial is offline
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LiteForex USD/JPY: Murrey analysis

On the D1 chart the price is around the level of 109.37 (main support) 108.59 (extreme support). The zone seems quite strong as the pair has been testing it in vain since April. Currently the price is approaching the cyclical line near which it may reverse upwards. In this case the growth of the price may continue through a number of levels (110.15 and 110.93 ) to the lower border of horizontal channel 111.71 (bottom of the channel). The continuation of the fall is possible if the price consolidates below 108.59 . In this case the pair may decrease to 107.81 (final resistance) and 106.25 (for W1 chart). Technical indicators show the possibility of the fall but in limited scope. Stochastic is directed downwards but has approached the oversold area. MACD histogram shows indicators of bearish divergence, the occurrence of which will open the way to purchases.

Support and resistance

Support levels: 108.59 (extreme support), 107.81 (final support), 106.25 (rotation and reversal in W1).
Resistance levels: 109.37 (main support), 110.15 (stop, reversal), 110.93 (rotation, reversal), 111.71 (bottom of the channel).

Trading tips

In the current situation buy positions may be opened at the level above109.37 or in case of a turn around 108.59 with targets at 110.15, 110.98, 111.71 and stop-losses at 109.00 and 108.30. Short positions can be opened if the price consolidates below 108.59 with targets at 107.81, 106.25 and stop-loss at 109.00.

Read more analytic on LiteForex site https://www.liteforex.com/trading/forex-analysis/

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