Sunbirdfx Daily Market
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The analysis regarding the EUR, AUD, and NZD from yesterday is relevant also for today, nothing has changed.
GBP will have some important data tomorrow (MPC meeting minutes), which can trigger the pair to break the last day's range of 1.5150-1.5330. It's very hard to predict right now what's going to happen, but I have to say that because of the trend, I prefer selling over buying. No clear trades right now.
Tonight, we should have important news regarding the JPY (BOJ press conference and monetary policy statement), for the last few months we've seen this pair jumping higher after the news release, but this time, things may differ because we've reached a 103 area; which is a strong resistance area on a monthly chart (and don't forget we've climbed from 78). I want ...
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Good morning traders...
USD is still strong across the board.
In our previous analysis - http://www.sunbirdfx.com/forex-education/daily-analysis/2013-05-14 , we suggested to sell the EUR at 1.30 area, with stop above 1.3050, this trade got to tp1 and profited around 150 pips!!!
We believe this trend will continue and we can see more drops in all the pairs against the USD, it is possible that we will experience some corrections along the way, but all in all , the USD is your best friend right now.
Nitay Bar
Chief analyst
www.sunbirdfx.com
Good morning guys,
It was kind of a quiet session yesterday, after some strong movement at the end of last week.
The EUR is struggling on a 200 SMA on the daily chart, testing the area at around 1.30-1.3050.
We believe it's a good opportunity to sell the pair in this area. Stop loss should be above 1.3050, take profit at 1.2850, and ahead at 1.2750.
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It's been a great week for the USD; and in return, to our traders as well.
The EUR broke below a 200 SMA on the daily chart, while the resistance lies at a 1.30-1.3050 area. We believe it's targeting about 1.2870, and afterwards 1.2750 (This will complete the head and shoulders pattern on a weekly chart).
The GBP broke the range that we predicted a few days ago: http://www.sunbirdfx.com/forex-education/daily-analysis/2013-05-09
It's now hitting an upward trend line, being supported on a 1.53 area. Afterwards, we can expect it to reach levels of 1.52, or even 1.50. Resistence lies at about 1.54-1.5450.
JPY hit its monthly resistance of around 101.60 and we're expecting to see some struggling in that area.
AUD broke the very important 1.0140 support, which then turned ...
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Dear clients, pay attention!!
Today at 12:00 (GMT), we have GBP interest decision.
The pair is climbing in upward channel, after it was falling from 1.63 to 1.48 since Jan 2013.
Now struggling between 1.546-1.5610, below 50% Fibonacci retracement.
The interest decision can cause an aggressive move, a breakup can take it to 1.5730, a breakdown can take it to 1.5330.
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AUD/USD Buy orders at 1.0150/60. Sell stops below ahead of more buy orders at 1.0115/25 (March lows 1.0116) down to 1.0100- large sell stops below. Sell orders at 1.0210/20 and 1.0240/50 with further buy stops through 1.0255. Technical resistance at 1.0270.
The following are the latest technical outlooks and strategies for EUR/USD, and GBP/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: A 1.3000-1.3200 range continues, with a marginal bullish bias within this range. A break below 1.3000 is needed to warn of a stronger decline to 1.2935.
USD/JPY: We are bullish, and our confidence would increase on a break above 100, for a move to 101.20/70. Unlike previous occasions when price was near a 100 in April, momentum is still bullish (rather ...
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AUDUSD
Combination of the RBA rate cut to 2.75% and talk that Soros has also sold of AUDUSD not helping the pair to bounce, with Sell orders now capping in the 1.0200/10 zone.
Talk of real money buying down at the earlier lows around 1.0178 ahead of more buy orders down at 1.0150/60 (barrier at 1.0150) with likely sell stops below. Beyond there is technical support at 1.0100/20 (1.0116 March lows) with sell stops below.
AUD sits around 1.1092 after a recent European session high of 1.0209
EURUSD
The pair continues to baffle traders. I’m absolutely no closer to determining what we’ll see first in EUR/USD, 1.2500 or 1.3500.
We sit at 1.3080. The 55 Daily moving average down at 1.3020 . Pretty sure there will be buy orders clustered ahead of the said level and sell ...
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Happy Monday!
GBPUSD
Stops are said to be placed above 1.5620, which makes sense given that the 50% fibo is at 1.5606 (1.6380/1.4832 fall), which has held well recently.Could this be a case of third time lucky charm? Further resistance is seen topside at 1.5789, the 61.8% fibo on the same move and also the 200DMA at 1.5759.
AUD/USD
It is a pretty interesting week ahead for the AUD/USD- tomorrow we have the RBA policy decision and employment data on Thursday. The market seems evenly mixed on the policy decision, the futures market has priced in a 50% chance of a 0.25% cut. Buy orders are said to be between 1.0270/85, some stops are above 1.0350. It all rather looks range bound to me, possible double bottom at 1.0222, topside resistance is seen between 1.0389 (100DMA) ...
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Wall Street stock markets were closed yesterday uphill. Due to lower interest rates in Europe and encouraging jobless claims data. The S & P 500 closed at a record high.
The European Central Bank lowered interest rates by 0.25 percentage points set at a rate of 0.5%.
Analysts estimate that the bank will cut interest rates based on macroeconomic data released last week in Europe indicated that the unemployment rate in the euro zone rose to a new high and now stands at 12.1%, while inflation fell to its lowest level for three years and now stands at 1.2%. Combining these two things give rein to European bank to cut interest rates.
Important data for today mt4 time:
14:30- usd- Unemployment Rate
14:30-usd- Non-Farm Employment Change
16:00-usd- ISM Non-Manufacturing ...