Good morning everybody, today we start with Axiory's technical outlook for the euro dollar. We are expecting price will test daily pivot and then fall below this level towards support S2. But bottom will be formed above this level somewhere around S1 support. Rebound from daily pivot will be indicating that upward movement continues and price will re-test its last high and then target at resistance R1. Based on the conclusions for each indicator and chart analysis,we are expecting a bearish trend today.
Now let’s move to the dollar yen analysis. Price rebounded after reaching resistance R1 and now is approaching daily pivot which (as we expect) will fall below this level and target will be at S1 support. However, price will probably rebound earlier due to ongoing consolidation. But reaching the support level and possible breaking below, will be indicating beginning of a downward movement. A vast majority of our indicators expect a bearish trend today.
Technical outlook for the euro dollar: price has declined below daily pivot and now is heading towards support S1 where correction could be completed. Subsequent rise will focus back on daily pivot. On the other hand, break below first support will be suggesting that downward movement is in favor and price could even reach S2 support. Based on the conclusions for each indicator and chart analysis, we are expecting a bearish trend today.
Next is the dollar yen outlook. Price is now testing daily pivot and if it falls, further target will be at S1 support. Price will probably rebound at this level and continue in lateral movement. But if price rebounds from current level, it will be suggesting that rise is still in favor and price will re-test resistance R1. A vast majority of our indicators expect a bearish trend today.
Join us for a first look at this week’s news and have a great day trading!
Good morning everybody, as every day - let's start with technical analysis of the euro dollar. Price was able to rise above daily pivot and now is approaching resistance R1. And if it will have enough momentum, it could break above this level and approach resistance R2. However, we are expecting that it could be limited at first resistance and consolidation could be in favor. Based on the conclusions for each indicator and chart analysis, we are expecting a bullish trend.
Now let’s move on to another currency, this time the dollar yen. Price is rebounding from support S1 but we are expecting that it will be limited by daily pivot and consolidation will be in favor. But sustained rise above daily pivot will be indicating target at resistance R1. However, fall below support will open way towards next objective at S2 support. The conclusion made by Axiory's chosen indicators shows a bearish trend today.
Let’s start with the technical outlook for the euro dollar. Price rebounded from S1 support and now is moving sideways. Fall below support will be indicating deeper decline towards S2 support where it will be limited in further downside movement. On the other hand, if price rebounds from first support, it will focus on re-testing daily pivot and rise above will confirm upward movement. Overview of Axiory's chosen indicators shows a bearish trend for the euro dollar.
Secondly, we have the dollar yen outlook. Price rebounded from S2 support and is now approaching daily pivot. If it has enough momentum, it will break above daily pivot focusing on next target at R1 resistance. But if it rebounds from daily pivot and is limited by S1 support, consolidation will be in favor. A vast majority of our indicators expect a bearish trend today.
Good morning everybody, let's begin with technical analysis of the euro dollar. Price is moving sideways around daily pivot if it falls below first support, correction could fall and focus on a next objective at S2 support. Based on the conclusions for each indicator and chart analysis we are expecting a bearish trend today.
Now let’s move on to another currency pair - the dollar yen analysis. Price will soon re-test daily pivot and sustained rise above this level will open way towards resistance R1. In this case, new high will be probably formed above this level and further rise could be limited at R2 resistance. On the other hand, if price rebounds from daily pivot, consolidation will be underway. The conclusions made by Axiory's chosen indicators show a bullish trend today.
Let’s start with the technical outlook for the euro dollar. We are expecting that price won't be able to break above daily pivot because it will rebound and target will be at support S1 while consolidation will continue. Further fall towards S2 hasn't been excluded yet. However, if price rises above daily pivot, it will negate previous conclusions and target will be at R1 resistance and consolidation will be underway. Overview of Axiory's chosen indicators shows a bearish trend today.
Secondly we have the dollar yen outlook. Price is testing daily pivot and break below this level will target at S1 support. Deeper decline in this case will confirm downward movement and next objective at S2 support. A vast majority of our indicators expect a bearish trend today.
Check out the rest of today's technical and fundamental news:
Let’s start with Axiory´s technical outlook for the euro dollar Price was able to break above daily pivot and now is approaching resistance R1. If price doesn’t rebound we can expect price will focus on next objective at R2 resistance where top will be formed and subsequently correction can be awaited. Rebound from first resistance will be indicating correction and rise will remain in favor if price holds above daily pivot. Based on the conclusions for each indicator and chart analysis we are expecting a bullish trend today.
First news for today will be published at 9:30 am GMT when Office for National statistics is going to release figures about PPI input. It will have a high impact on the sterling and analysts expect rise by 1.4 percent compared to previous fall by 2.2 percent in last report.
Next at 1:30 pm GMT Bureau of Labor statistics will release numbers about import prices in the United States. It is expected 0.1 percent rise while in a previous month prices fall 2.7 percent. Also we can expect medium impact on the dollar just like in next following news.
Let’s start with Axiory´s technical outlook for the euro dollar As long as price holds above daily pivot we can expect price will focus on resistance R1. After re-testing this level we can expect rise towards R2 where price could form top or slightly above this level but below R3. Also fall below daily pivot will negate previous conclusions and target will be at S1 support. Based on the conclusions for each indicator and chart analysis we are expecting a bullish trend today.
Please join us for a look at the rest of Mondays technical and fundamental news.
Office for national statistics is going to publish at 9:30 am GMT figures about CPI in UK. It is expected inflation will decline from 2.4 to 2.3 percent while it will have a high impact on the sterling.
Next at 10:00 am GMT ZEW will publish figures about German economic sentiment. Analysts are expecting high impact on the euro and a slight improvement from minus 19.6 to minus 19.4. These readings are still favoring pessimism.
Eurostat is going to release numbers about industrial production in the Eurozone also at 10:00 am GMT but with a medium impact on the euro. Analysts are awaiting deterioration from previous rise 0.6 percent to minus 0.5 percent today.
At 1:30 pm GMT we can expect two US news will be released with a high impact on the dollar. First concerns about core retail sales where analysts expect improvement from previous fall by 0.4 percent to today´s rise 0.4 percent.
And second news will concern about PPI which rose in a last month by 0.1 percent and now is expected to rise by 0.3 percent.
The dollar yen is heading towards resistance R1 where we expect consolidation before a further rise. Next objective will then be at R2 where the top may form. But if it tops earlier and falls below daily pivot a correction will be in favor with a decline below support S1 to confirm a downward move. Another bullish trend today.
The dollar yen may reach R1 resistance where it could form the top and subsequent correction could be limited by daily pivot. Rebound from this level will confirm further rise while decline below daily pivot will be suggesting targeting at S1 support. In this case deeper decline will open way towards S2 support. Its bullish for the dollar yen today.
Next up, the sterling dollar’s has fallen below daily pivot and now is approaching support S1. If price doesn’t rebound from this level a deeper decline will focus on next objective at support S2 where price will rebound. a bearish trend for the cable.
We will begin with technical analysis. Up first is the euro dollar. Price is heading towards R1 resistance and break above this level will be suggesting that price may have topped at R2.But sustained rise and break above this level will open its way towards R3 resistance. Decline below daily pivot will be indicating correction and deeper decline below S1 support will confirm downward movement. Based on the conclusions for each indicator we are expecting a bullish trend.
Now let’s move on to the dollar yen. After re-testing daily pivot price has declined below S1 support and now is heading towards S2 where price could rebound and focus back on daily pivot. But further fall below this level will confirm downward movement and it will focus on support S3. The Conclusion made by Axiory´s chosen indicators show a bearish trend.
First news for today will be released at 3:00 pm GMT where national association of Realtors will publish figures about existing home sales. Analysts expect it will have a high impact on the dollar and also they await increase in sales from 4.37 million to 4.52 million.
Join us for the rest of today's technical and fundamental news.
Concerning the sterling dollar we are expecting price will form top around resistance R1 and afterwards correction will be in favor. Correction could probably drop below support S1 but in this case upward move will be still in favor. On the other hand sustained rise above first resistance will open way towards R1 where the top is expected. a bullish trend.
Finishing up, the dollarfranc should continue in decline towards support S1 and fall below this level will be indicating objective at S2 support. After price forms bottom short consolidation could be expected. But earlier rebound could rise above daily pivot and re-test R1 resistance. a bearish trend for the dollar franc today
The sterling dollar’s outlook. Target will remain at S1 if price rebound from daily pivot. Deeper decline below first support towards next objective at S2 support isn´t excluded. Also rise above daily pivot will negate previous conclusions and price will probably re-test resistance R1 and top could formed slightly above this level. Based on Axiory´s chosen Indicators and chart analysis we can assume a bearish trend.
Finally, our outlook for the dollar franc. If price holds above daily pivot we can expect rebound and price will focus on resistance R1 and break above this level will open way towards R2 resistance. On the downside fall below daily pivot will be suggesting target at S1 support and we are expecting rebound from this level and consolidation could be in favor. The vast majority of indicators and our chart analysis in the dollar franc show a bullish trend.
Let’s start with Axiory´s technical outlook for the euro dollar Price has fallen below daily pivot and it seems it could be supported by S1 support. Further fall will be suggesting next objective at S2 support. But if price rebounds and rise above daily pivot it will negate previous conclusions and price will re-test at first resistance R1. Based on the conclusions for each indicator and chart analysis we are expecting a bearish trend today.
After that, according to our outlook for the dollar yen It seems price has formed top at R1 resistance and correction could be underway. If this correction holds above daily pivot upward move will continue and probably approach resistance R2. On the downside fall below daily pivot will be indicating target at S1 support. A vast majority of our indicators expect a bullish trend today.
Join us for a look at the rest of today's Foex news.
We will begin with technical analysis. Up first is the euro dollar. If price falls below S1 support it will confirm decline towards S2 support and next objective at S3 isn´t excluded. But if price rebounds from the first support we can expect rise targeting at R1 resistance. Further rise will confirm upward move and target at R2. Based on the conclusions for each indicator and chart analysis we are expecting a bearish trend.
Now let’s move on to another currency pair with the dollar yen analysis. We are expecting a consolidation below R1 resistance and if price holds above daily pivot we can expect rise towardsR2 resistance and break above this level will confirm next objective at R3 resistance where price will probably form top. The Conclusion made by Axiory´s chosen indicators show a bullish trend today.
Today at 1:30 pm GMT Bureau of economic analysis is going to publish figures about US prelim GDP which is expected to increase from 1.5 to 1.7 percent.
Second US news concerns pending home sales released at 3:00 pm GMT. Previous report showed fall by 1.4 percent while today analysts expect rise 1.1 percent. Both these news will have a high impact on the dollar.
Tomorrow at 0.50 am GMT Ministry of economy, trade and industry in Japan is going to publish statistics about retail sales. Analysts expect medium impact on the yen. In a previous month sales rose 0.2 percent while today it is expected stagnation at 0.0 percent.
We start today with figures from Destatis which is going to publish new figures about German unemployment change released at 8:55 am GMT. This news will have a medium impact on the euro and analysts are expecting the unemployment will rise again by 7,000 people like in a previous month.
At 9:30 am GMT Bank of England will publish data about net lending to individuals which is expected to increase from £0.3 billion to £0.9 billion. Also it will have a medium impact on the sterling.
Next at 1:30 pm GMT Department of Labor is going to release numbers about unemployment claims in the United States. It is expected decrease from previous 372,000 to 370,000 people. Moreover this news will have a high impact on the dollar.
Last news for today concerns about US personal spending which is going to be published at 1:30 pm GMT. Previous report showed stagnation at 0.0 percent but today analyst expect rise by 0.4 percent and a medium impact on the dollar.
Join us tomorrow for a last look at this weeks news.
