Daily Forex News

Discussion in 'General Discussions' started by xtreamforex12, Nov 15, 2018.

  1. xt

    xtreamforex12 Member
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    Thank you! for your appriciation.
     
  2. xt

    xtreamforex12 Member
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    Cryptocurrency Market Overview: Bitcoin is running toward Multi Month Lows
    Bitcoin is down 3.4% after a sharp sell-off on Monday.
    Altcoins are pulled down by Bitcoin underperformance.

    · Bitcoin and other major digital assets continued the downside drift on Monday with a little break during Asian hours on Tuesday. The total market value of all digital coins in transmission dropped to $126B from $130B the day before. The green shoots of revitalization have died away amid resumed bearish feelings.

    · Bitcoin is floating at $3,833 at the time of writing. While the price of the major digital coin has hardly changed since the beginning of Tuesday, it is 3.4% under the levels registered this time on Monday. BTC/USD is running fast towards multi-month low under $3,500.

    · Ethereum stays at $107.7, over 4% lower on a day-to-day basis and remains same since the beginning of Tuesday. The third largest coin with a market value of $11.2B is awkwardly close to a significant $100.00. The coin is dragged down by Bitcoin deficit and overall bearish sentiments that grasped the market.

    · Ripple's XRP is floating around $0.3500 handle, down 3.5% in recent 24 hours. The coin goes down as low as $0.3465 throughout early Asian hours but handled to improve since that time amid short-term bullish trend. However, the upside momentum is too weak to take the price well above the current $0.3500. For more information visit us:-https://xtreamforex.com/academy/cry...w-bitcoin-is-running-toward-multi-month-lows/
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  3. Ro

    Romio New Member
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    Thanks
     
  4. xt

    xtreamforex12 Member
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    Technical Overview of EUR/USD, GBP/USD and USD/JPY Currency Pairs

    EUR USD
    The EUR traded lower against the USD and closed at 1.1341
    The positive momentum in high-yielding assets triggered by weekend news related to the trade war was faded throughout the day, with most major indexes closing in the red.
    Need to monitor ECB president Draghi’s Speech and its impact on the prices of Eur.

    According to the Analysis, The pair is expected to find support at 1.13005, and a fall through could take it to the next support level of 1.12572. The pair is expected to find its first resistance at 1.14000, and a rise through could take it to the next resistance level of 1.14586. Precious Day range was 99.5 and Current Day Range is 23.1

    GBP USD

    The GBP traded lower against the USD and closed at 1.2711, after the Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. According to the news, reading is above fifty which means service sector is expanding, but lower than expected forecast (53.3, 52.2) which is bearish for GBP.
    The pair is expected to find support at 1.2686, and a fall through could take it to the next support level of 1.2669. The pair is expected to find its first resistance at 1.28122, and a rise through could take it to the next resistance level of 1.29147.

    GBP/USD previous Day range was 180.1 and Current Day Range is 40.1

    USD JPY

    The USD strengthened 0.22% against the JPY and closed at 112.771.
    The Japanese Yen has benefitted this week from a surge in risk aversion which has seen USD/JPY retreat all the way back down to the dominant uptrend line.

    The pair is expected to find support at 112.343, and a fall through could take it to the next support level of 111.908. The pair is expected to find its first resistance at 113.422, and a rise through could take it to the next resistance level of 114.078.






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  5. OZREN LJEVAR

    OZREN LJEVAR New Member
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    good luck and thank you for your effort
     
  6. xt

    xtreamforex12 Member
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    Thank you sir! for your appreciation
     
  7. xt

    xtreamforex12 Member
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    Technical Overview of EUR/USD, AUD/USD and USD/CAD Currency Pairs

    EUR USD
    The EUR traded a bit lower against the USD and closed at 1.1344
    Need to monitor Fed’s Powell Speech and its impact on the prices of USD.

    According to the Analysis, The pair is expected to find support at 1.13157, and a fall through could take it to the next support level of 1.12876. The pair is expected to find its first resistance at 1.13664, and a rise through could take it to the next resistance level of 1.13884. Precious Day range was 50 and Current Day Range is 12.6.
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    AUD USD

    The AUD traded lower against the USD and closed at 0.7265, The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand.

    The pair is expected to find support at 0.72311, and a fall through could take it to the next support level of 0.71949. The pair is expected to find its first resistance at 0.73267, and a rise through could take it to the next resistance level of 0.73887.
    AUD/USD previous Day range was 95.9 and Current Day Range is 55.7.
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    USD CAD

    The USD strengthened 0.33% against the CAD and closed at 1.3353.
    For CAD today’s events to keep an eye are Boc Governor Poloz Speech and Ivey Purchasing Managers Index s.a (Nov).

    According to the analysis, USD/CAD pair is expected to find support at 1.32704, and a fall through could take it to the next support level of 1.31880. The pair is expected to find its first resistance at 1.34165, and a rise through could take it to the next resistance level of 1.34788.
    USD/CAD previous day range was 146.7 and current day range is 52.6.


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  8. xt

    xtreamforex12 Member
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    Thank you mam! yes you are right.
     
  9. xt

    xtreamforex12 Member
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    Technical Overview of USD/CAD, AUD/USD and USD/JPY Currency Pairs

    USD CAD
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    The USD traded a bit lower against the CAD and closed at 1.3319.

    Today, 6:30, and at 12:45. The Deputy Governor of the Bank of Canada will speak in Istanbul, Turkey. He will have the opportunity to comment on the excellent jobs report published on Friday, which seems much better than the dovish tone of the BOC decision.

    According to the Analysis, The pair is expected to find support at 1.32480, and a fall through could take it to the next support level of 1.31774. The pair is expected to find its first resistance at 1.33945, and a rise through could take it to the next resistance level of 1.34701. Previous Day range was 146.8 and Current Day Range is 36.9.


    AUD USD
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    The AUD traded bit higher against the USD and closed at 0.7201.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    The pair is expected to find support at 0.71852, and a fall through could take it to the next support level of 0.71694. The pair is expected to find its first resistance at 0.72281, and a rise through could take it to the next resistance level of 0.72569.

    AUD/USD previous Day range was 43.6 and Current Day Range is 44.9.

    USD JPY
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    The USD traded lower against JPY and closed at 112.687.

    Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
    GDP growth can have a positive effect on yen quotes.

    According to the analysis, USD/JPY pair is expected to find support at 112.517, and a fall through could take it to the next support level of 112.350. The pair is expected to find its first resistance at 112.887, and a rise through could take it to the next resistance level of 113.090.

    USD/JPY previous day range was 3700 and current day range is 4340.
     

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