lin Hsin Hung
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Can you put the file up to share I have n’t tried this, I ’m interested in trying 
Daily Forex News
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xtreamforex12
Active Member
Major Economic Events in the 1st week of August 2020
Get all updates on international economy, Business news, Global market news, world business, and global business trade on Business Standard. Major Economic Events in the Market this week are as following:
3 August 14:00 USD ISM Manufacturing Employment Index
It shows the business conditions in the US manufacturing sector to predict the overall conditions of the US. It will be consensus with the 48.4 and the previous forecast was 52.6 it will predict that it will seem 50-50 positive and negative effect for USD.
4 August 22:45 NZD Employment Change and Unemployment Rate (Q2)
Unemployment Rate: It shows the unemployed workers divided by the total civilian force. It will be expected that if the rate is up it will weaken the New Zealand economy on the other side decrease in the Figure will seem as positive or bullish for the NZD when the increase is seen as the negative.
Employment Change: Employment change measures the change in the number of employed people. It will be expected to implications for consumer spending to economic growth. High is seen as positive for the NZD and low reading is seems negative.
5 August 9:00 EUR Retail Sales (YoY) (Jun)
Retail Sale measures the performance in the retail sector in the short term. It will reflect the rate of change in sales. It will expected usually the positive economic growth in Bullish while the low reading seems Negative.
14:00 USD ISM Non-Manufacturing (PMI)(Jul)
It shows the business conditions in the US non-manufacturing sector. The non-manufacturing sector does not influence either positively or negatively.
6 August 06:00 GBP Bank of England Monetary Policy
It will analyze the quarterly report in the inflation projections based on the Monetary Policy committee bases. Expected that high reading is seen as positive for the GBP.
7 August 12:30 USD NFP (Nonfarm Payrolls)
The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews and the unemployment rate are as relevant as the headline figure, and therefore market's reaction depends on how the market assets them all.
Get all updates on international economy, Business news, Global market news, world business, and global business trade on Business Standard. Major Economic Events in the Market this week are as following:
3 August 14:00 USD ISM Manufacturing Employment Index
It shows the business conditions in the US manufacturing sector to predict the overall conditions of the US. It will be consensus with the 48.4 and the previous forecast was 52.6 it will predict that it will seem 50-50 positive and negative effect for USD.
4 August 22:45 NZD Employment Change and Unemployment Rate (Q2)
Unemployment Rate: It shows the unemployed workers divided by the total civilian force. It will be expected that if the rate is up it will weaken the New Zealand economy on the other side decrease in the Figure will seem as positive or bullish for the NZD when the increase is seen as the negative.
Employment Change: Employment change measures the change in the number of employed people. It will be expected to implications for consumer spending to economic growth. High is seen as positive for the NZD and low reading is seems negative.
5 August 9:00 EUR Retail Sales (YoY) (Jun)
Retail Sale measures the performance in the retail sector in the short term. It will reflect the rate of change in sales. It will expected usually the positive economic growth in Bullish while the low reading seems Negative.
14:00 USD ISM Non-Manufacturing (PMI)(Jul)
It shows the business conditions in the US non-manufacturing sector. The non-manufacturing sector does not influence either positively or negatively.
6 August 06:00 GBP Bank of England Monetary Policy
It will analyze the quarterly report in the inflation projections based on the Monetary Policy committee bases. Expected that high reading is seen as positive for the GBP.
7 August 12:30 USD NFP (Nonfarm Payrolls)
The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews and the unemployment rate are as relevant as the headline figure, and therefore market's reaction depends on how the market assets them all.
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xtreamforex12
Active Member
Technical Overview of AUD/USD
AUD/USD
The AUD/USD pair will be traded at the level 0.7215 and go down from China released July month trade data at the Early Friday.
The Aussie pair has as of late been beaten somewhere in the range of 0.7210 and 0.7220 after its U-turn an 18-month top in the midst of the underlying Asian meeting.
China's July month Trade Balance crossed conjecture and earlier while blazing 442.23 B figures on a Chinese Yuan basis. Subtleties recommend that the Exports flood from 2.3% expected and 4.3% past directions to 10.4% yet Imports switched - 0.7% market understanding with 1.6% figures.
Except if breaking a rising pattern line from May 22, combined with 21-day EMA, close to 0.7110-0.7100, the bears are less inclined to take controls. Therefore, bulls focusing on the year 2019 top close to 0.7300 should stay confident.
The AUD/USD was previously close at the level of 0.7233. The Support and Resistance level of the pair will be 0.7184 and 0.7213.
EUR/USD
The EUR/USD pair has attacked multiple times over the most recent five days to close above at the level 1.19.
On Thursday, the currency pair timed a high of 1.1916 yet located at 1.1876. Comparable value activity was seen on Wednesday and last Friday.
The repeated removal above 1.19 approves the overbought on the 14-day relative quality record and recommends the ebbing of bullish energy. A comparative message is being resounded by Thursday's turning top flame the one with long wicks and a little body.
The pair will be situated at 1.1696 (Aug. 3 low), which whenever understood, would doubt a higher lows arrangement on the day by day outline and yield a decrease to 1.1422 (June 10 high).
The EUR/USD was previously close at the level of 1.1875. The Support and Resistance level of the pair will be 1.1804 and 1.1843.
AUD/USD
The AUD/USD pair will be traded at the level 0.7215 and go down from China released July month trade data at the Early Friday.
The Aussie pair has as of late been beaten somewhere in the range of 0.7210 and 0.7220 after its U-turn an 18-month top in the midst of the underlying Asian meeting.
China's July month Trade Balance crossed conjecture and earlier while blazing 442.23 B figures on a Chinese Yuan basis. Subtleties recommend that the Exports flood from 2.3% expected and 4.3% past directions to 10.4% yet Imports switched - 0.7% market understanding with 1.6% figures.
Except if breaking a rising pattern line from May 22, combined with 21-day EMA, close to 0.7110-0.7100, the bears are less inclined to take controls. Therefore, bulls focusing on the year 2019 top close to 0.7300 should stay confident.
The AUD/USD was previously close at the level of 0.7233. The Support and Resistance level of the pair will be 0.7184 and 0.7213.
EUR/USD
The EUR/USD pair has attacked multiple times over the most recent five days to close above at the level 1.19.
On Thursday, the currency pair timed a high of 1.1916 yet located at 1.1876. Comparable value activity was seen on Wednesday and last Friday.
The repeated removal above 1.19 approves the overbought on the 14-day relative quality record and recommends the ebbing of bullish energy. A comparative message is being resounded by Thursday's turning top flame the one with long wicks and a little body.
The pair will be situated at 1.1696 (Aug. 3 low), which whenever understood, would doubt a higher lows arrangement on the day by day outline and yield a decrease to 1.1422 (June 10 high).
The EUR/USD was previously close at the level of 1.1875. The Support and Resistance level of the pair will be 1.1804 and 1.1843.
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xtreamforex12
Active Member
EUR/USD Pair Underpinned As Fiscal Impasse In Washington
The EUR/USD pair will be rally looks at the technical indicators that will pull back to the remain elusive as the impasse in Washington that will keep the dollar into the bulls.
The EUR/USD pair is trading at the level to 1.1860 according to the press time that will represent the gain at the level with a 0.17% gain on the day. If we see the weekly chart the relative strength index is having the above 70 that will indicate the overbought market conditions for the first time in over 2.5 years.
Be that as it may, slowed down coronavirus boost dealings in Washington and worrying Sino-US strains may hold the dollar under tension and confine losses in EUR/USD.
Then, the US and China postponed an audit of their Phase 1 economic accord at first booked for Saturday and have not reported another date up until this point. President Trump gave a chief request on Friday forcing ByteDance, the Chinese organization behind TikTok, to auction or branch off its US online networking business in 90 days.
GBP/USD Pair Winning the Streak Attack at 1.3100 on Print Three Day
The GBP/USD pair will go up and picks up the bid at the level near the 1.3100 up with 10% during the Monday Morning. The cable pair will stay beyond the 10-day EMA to the Third day according to the press time.
According to the RSI and MACD are both against the further run-up, which thus pushes venders to search for any drawback past at the level 1.3055, involving 10-day EMA, for ways.
It will be traded at the level 1.3000 and the month to month low around the level with 1.2980 can offer an extra channel toward the south, a rising pattern line from June 30, at 1.2885 presently, turns into the key help to watch.
On the upside, 1.3140 and the month to month top around 1.3185 can offer close by protection from the pair in front of the March month's peak including at the level 1.3200.
The EUR/USD pair will be rally looks at the technical indicators that will pull back to the remain elusive as the impasse in Washington that will keep the dollar into the bulls.
The EUR/USD pair is trading at the level to 1.1860 according to the press time that will represent the gain at the level with a 0.17% gain on the day. If we see the weekly chart the relative strength index is having the above 70 that will indicate the overbought market conditions for the first time in over 2.5 years.
Be that as it may, slowed down coronavirus boost dealings in Washington and worrying Sino-US strains may hold the dollar under tension and confine losses in EUR/USD.
Then, the US and China postponed an audit of their Phase 1 economic accord at first booked for Saturday and have not reported another date up until this point. President Trump gave a chief request on Friday forcing ByteDance, the Chinese organization behind TikTok, to auction or branch off its US online networking business in 90 days.
GBP/USD Pair Winning the Streak Attack at 1.3100 on Print Three Day
The GBP/USD pair will go up and picks up the bid at the level near the 1.3100 up with 10% during the Monday Morning. The cable pair will stay beyond the 10-day EMA to the Third day according to the press time.
According to the RSI and MACD are both against the further run-up, which thus pushes venders to search for any drawback past at the level 1.3055, involving 10-day EMA, for ways.
It will be traded at the level 1.3000 and the month to month low around the level with 1.2980 can offer an extra channel toward the south, a rising pattern line from June 30, at 1.2885 presently, turns into the key help to watch.
On the upside, 1.3140 and the month to month top around 1.3185 can offer close by protection from the pair in front of the March month's peak including at the level 1.3200.
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xtreamforex12
Active Member
Technical Analysis of EUR/ GBP USD
EUR/USD Defend For the Bulls to Defend at the level 1.18
The EUR/USD pair will be traded in a sidelined to the near at the level 1.1837 during this Monday Morning according to the Asian Hours.
The pair will be created the long-tailed candle for the second straight day on this Friday marking to the bear failure below the support level 1.18 and shows the signaling for the reversal higher.
Nonetheless, a move over Friday's high of 1.1865 is expected to confirm a finish of a pullback from the ongoing high of the level 1.2011 and set the bulls back into the driver's seat. On the other hand, a break under trendline ascending from May 14 and July 1 highs would suggest a bullish-to-bearish pattern change. At press time, the trendline uphold is situated at the level at 1.1765.
GBP/USD Old Line Goes Around 1.3250 Seller attack at Seven-Week Support Line
The GBP/USD pair remains on the back foot to the declining level to the 1.3248 goes down 0.23% on the day during the early Monday Trading.
In doing as such, the Cable affronts Friday's Doji light, suggesting an inversion of the past bearish move, in the midst of increasing chances of a no-deal Brexit.
The statement as of now trades almost a momentary helpline, at 1.3245 presently, sponsored by the bearish MACD signals.
In any case, 21-day SMA and a two-month-old rising pattern line, separately around 1.3185 and 1.3140 can scrutinize the traders after.
Then again, a day by day shutting past the 10-day SMA level of 1.3282 will stand up to a momentary flat opposition around the level 1.3360.
For a situation where the bulls figure out how to cross 1.3360, 1.3400 round-figures, and the as of late reflected multi-week high around 1.3480/85 will be at the center of the spotlight.
EUR/USD Defend For the Bulls to Defend at the level 1.18
The EUR/USD pair will be traded in a sidelined to the near at the level 1.1837 during this Monday Morning according to the Asian Hours.
The pair will be created the long-tailed candle for the second straight day on this Friday marking to the bear failure below the support level 1.18 and shows the signaling for the reversal higher.
Nonetheless, a move over Friday's high of 1.1865 is expected to confirm a finish of a pullback from the ongoing high of the level 1.2011 and set the bulls back into the driver's seat. On the other hand, a break under trendline ascending from May 14 and July 1 highs would suggest a bullish-to-bearish pattern change. At press time, the trendline uphold is situated at the level at 1.1765.
GBP/USD Old Line Goes Around 1.3250 Seller attack at Seven-Week Support Line
The GBP/USD pair remains on the back foot to the declining level to the 1.3248 goes down 0.23% on the day during the early Monday Trading.
In doing as such, the Cable affronts Friday's Doji light, suggesting an inversion of the past bearish move, in the midst of increasing chances of a no-deal Brexit.
The statement as of now trades almost a momentary helpline, at 1.3245 presently, sponsored by the bearish MACD signals.
In any case, 21-day SMA and a two-month-old rising pattern line, separately around 1.3185 and 1.3140 can scrutinize the traders after.
Then again, a day by day shutting past the 10-day SMA level of 1.3282 will stand up to a momentary flat opposition around the level 1.3360.
For a situation where the bulls figure out how to cross 1.3360, 1.3400 round-figures, and the as of late reflected multi-week high around 1.3480/85 will be at the center of the spotlight.
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Very niceAttention again goes in Put Options (Bearish Bets) as Gold Hits its 12-Day Low
Ø Gold's price knock down to 12-day lows during the night trade, indicating an end of the corrective bounce from $1,196.
Ø This Price Drop of Gold seems to have revived interest in Put Options.
· Gold knock down to $1,212 in the overnight trade - a point last seen on Nov. 16 - as the greenback picked up a bid on hawkish comments by Fed's Vice Chair Clarida.
· Notably, the drop to 12-day lows point towards the counteractive bounce from the Nov. 13 low of $1,196 has likely ended at $1,230 and the bears have reclaimed control.
· Adding credence to that view is the increase in implied instability premium for the XAU put options. As of writing, the XAU/USD three-month 25 delta risk turnarounds are trading at -0.125 in support of puts vs 0.325 in support of calls seen on Nov. 26
· The negative reading point towards the implied instability premium (or demand) for put options is more than that for calls.
· So, it appears safe to say that the options market has rotated bearish on the yellow metal. In other words, investors are likely expecting a deeper fall in gold and hence are buying downside defense.
Good one.hope this helps alot of people
xtreamforex12
Active Member
Technical Analysis on GBP/USD and AUD/USD
GBP/USD Pair Seems To the Resistance Below 1.3200 With Two Week Old Flirts
The GBP/USD pair will stay positive at the level by 1.3175 up by 0.15% intraday high during this Monday. The Early Asian session will be extended at the level by 1.3182 with the price-positive RSI Conditions.
During the Quotes, the pair further go up with the past 1.3200 in the high near level high by 1.3050 that restricts the pair with the pullbacks that move before the GBP/USD seller towards the 200-bar SMA Level of 1.2962.
During the statement's further potential gain past-1.3200, the August 19 high close to 1.3270 can offer a middle-end toward the north-run towards September's tower encompassing 1.3485.
AUD/USD Pair Aussie the 7 weeks High
AUD/USD broke higher from an hourly chart setting plan early Monday and timed a high of the level 0.7298 a couple of moments before press time. That level was most recently seen on Sept. 21.
The hourly chart breakout demonstrates a resumption of the convention from the Nov. 2 low of 0.6991 and has made the ways for the Sept. 16 high at the level 0.7345.
The over 50 day by day graph relative quality record and the positive MACD histogram likewise favor proceeded with gains in the Aussie dollar.
Acknowledgment below the hourly chart backing of 0.7239 would prematurely end the prompt bullish viewpoint.
GBP/USD Pair Seems To the Resistance Below 1.3200 With Two Week Old Flirts
The GBP/USD pair will stay positive at the level by 1.3175 up by 0.15% intraday high during this Monday. The Early Asian session will be extended at the level by 1.3182 with the price-positive RSI Conditions.
During the Quotes, the pair further go up with the past 1.3200 in the high near level high by 1.3050 that restricts the pair with the pullbacks that move before the GBP/USD seller towards the 200-bar SMA Level of 1.2962.
During the statement's further potential gain past-1.3200, the August 19 high close to 1.3270 can offer a middle-end toward the north-run towards September's tower encompassing 1.3485.
AUD/USD Pair Aussie the 7 weeks High
AUD/USD broke higher from an hourly chart setting plan early Monday and timed a high of the level 0.7298 a couple of moments before press time. That level was most recently seen on Sept. 21.
The hourly chart breakout demonstrates a resumption of the convention from the Nov. 2 low of 0.6991 and has made the ways for the Sept. 16 high at the level 0.7345.
The over 50 day by day graph relative quality record and the positive MACD histogram likewise favor proceeded with gains in the Aussie dollar.
Acknowledgment below the hourly chart backing of 0.7239 would prematurely end the prompt bullish viewpoint.
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xtreamforex12
Active Member
Technical Analysis on EUR USD or GBP USD
EUR/USD Pair Seems Upside Breakout Backs to Head and Shoulder Pattern
The EUR/USD pair seems to the front foot to the near at the level 1.1850 to the starting of the week to extending the third straight on Monday.
The Bullish is a crossover to the 50 hourly moving average that cutting to the level 100HMA that add below to the bullish move.
US-China trade war acceleration through the Trump organization's 'intermediary' period before group Biden takes over in late January may be another headwind. The active President moved to boycott US interest in Chinese military-connected firms. Beijing typically shuddered for all to hear. Another round of blow for blow countermeasures may follow. Taking all things together, this implies that the Greenback may yet recover a sanctuary offers.
In front of the 1.1900 level, the bulls are probably going to confront hardened opposition at 1.1860, November 5 high.
The conjunction of the 200-HMA and example neck area at the level by 1.1800 is the level to beat for the bears.
GBP/USD Scales Drops the Fib Hurdle Level to the 61.8%
GBP/USD is right now trading at the level 1.3217, speaking to a 0.20% increase on the day, having finished a week ago above 1.2174 the 61.8% Fibonacci retracement of the auction from the Aug. 31 high of 1.3483 to Sept. 23 low of 1.2675.
The break over the Fibonacci obstacle is generally viewed as bullish. For this situation, notwithstanding, the most recent week's high of 1.3313 is the level to beat for the bulls. A move above 1.3313 would refute purchaser weariness motioned by the long upper wick appended to the earlier week's light and open the entryways to the level 1.3483.
Then again, a move below the Asian meeting low of level 1.3174 would approve the buyer’s weakness monitored by the week by week light and move risk for a drop to 1.3108 (5-week basic moving averages)
EUR/USD Pair Seems Upside Breakout Backs to Head and Shoulder Pattern
The EUR/USD pair seems to the front foot to the near at the level 1.1850 to the starting of the week to extending the third straight on Monday.
The Bullish is a crossover to the 50 hourly moving average that cutting to the level 100HMA that add below to the bullish move.
US-China trade war acceleration through the Trump organization's 'intermediary' period before group Biden takes over in late January may be another headwind. The active President moved to boycott US interest in Chinese military-connected firms. Beijing typically shuddered for all to hear. Another round of blow for blow countermeasures may follow. Taking all things together, this implies that the Greenback may yet recover a sanctuary offers.
In front of the 1.1900 level, the bulls are probably going to confront hardened opposition at 1.1860, November 5 high.
The conjunction of the 200-HMA and example neck area at the level by 1.1800 is the level to beat for the bears.
GBP/USD Scales Drops the Fib Hurdle Level to the 61.8%
GBP/USD is right now trading at the level 1.3217, speaking to a 0.20% increase on the day, having finished a week ago above 1.2174 the 61.8% Fibonacci retracement of the auction from the Aug. 31 high of 1.3483 to Sept. 23 low of 1.2675.
The break over the Fibonacci obstacle is generally viewed as bullish. For this situation, notwithstanding, the most recent week's high of 1.3313 is the level to beat for the bulls. A move above 1.3313 would refute purchaser weariness motioned by the long upper wick appended to the earlier week's light and open the entryways to the level 1.3483.
Then again, a move below the Asian meeting low of level 1.3174 would approve the buyer’s weakness monitored by the week by week light and move risk for a drop to 1.3108 (5-week basic moving averages)
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xtreamforex12
Active Member
Technical Analysis on XAU/USD or XAG/USD
XAU/USD is Testing the Critical Support at the $1860
The Technical Confluences Indicator shows that the XAU/USD pair is shielding the solid at the level $1877 uphold, which is the assembly of the earlier day low, Fibonacci 23.6% one-week and one-month.
Acknowledgment below the latter is probably going to trigger a sharp drop towards a minor cap adjusted at $1868, the turning point one-day S2.
The following basic help of the earlier month low of the level $1860 will be on the trader’s radars. On the other side, gold is probably going to confront a group of obstruction levels in the event that it recovers some ground towards the applicable potential gain obstacle at $1888, which is the convergence of the SMA50 one-hour and Fibonacci 38.2% one-month.
Further north, the rotate point one-day R1 at the level $1891 will challenge the upward journey.
Nonetheless, $1894 will be a difficult one to figure out for the bulls, as it is the conjunction of the earlier day high, SMA100 four-hour and Fibonacci 38.2% one-week.
XAG/USD Seems Seller Below at the level $24.40
Silver wobbles around to the level of $24.50 in the midst of Wednesday's Asian meeting. In doing such, the white metal keeps the most recent trading range somewhere in the range of $24.45 and $24.52. The bullion prior ricocheted off an intersection of 21-day and 100-day SMA combined with an upward slanting pattern line from October 29.
Thus, intraday buyers may focus on the $25.00 limit in front of testing the expressed opposition line close to $25.65. Likewise prone to challenge the silver bulls is the month to month pinnacle of $26.00.
Unexpectedly, a drawback break of $24.40 can rapidly drag the statement towards November 09 low close of $23.55 prior to coordinating silver traders toward the month to month low around $23.20 and the $23.00 round-figure.
XAU/USD is Testing the Critical Support at the $1860
The Technical Confluences Indicator shows that the XAU/USD pair is shielding the solid at the level $1877 uphold, which is the assembly of the earlier day low, Fibonacci 23.6% one-week and one-month.
Acknowledgment below the latter is probably going to trigger a sharp drop towards a minor cap adjusted at $1868, the turning point one-day S2.
The following basic help of the earlier month low of the level $1860 will be on the trader’s radars. On the other side, gold is probably going to confront a group of obstruction levels in the event that it recovers some ground towards the applicable potential gain obstacle at $1888, which is the convergence of the SMA50 one-hour and Fibonacci 38.2% one-month.
Further north, the rotate point one-day R1 at the level $1891 will challenge the upward journey.
Nonetheless, $1894 will be a difficult one to figure out for the bulls, as it is the conjunction of the earlier day high, SMA100 four-hour and Fibonacci 38.2% one-week.
XAG/USD Seems Seller Below at the level $24.40
Silver wobbles around to the level of $24.50 in the midst of Wednesday's Asian meeting. In doing such, the white metal keeps the most recent trading range somewhere in the range of $24.45 and $24.52. The bullion prior ricocheted off an intersection of 21-day and 100-day SMA combined with an upward slanting pattern line from October 29.
Thus, intraday buyers may focus on the $25.00 limit in front of testing the expressed opposition line close to $25.65. Likewise prone to challenge the silver bulls is the month to month pinnacle of $26.00.
Unexpectedly, a drawback break of $24.40 can rapidly drag the statement towards November 09 low close of $23.55 prior to coordinating silver traders toward the month to month low around $23.20 and the $23.00 round-figure.
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xtreamforex12
Active Member
Technical Analysis on EUR USD or S&P 500
EUR/USD Pair Breaks the Monthly to Direct Risk Bears at Level 1.1800
EUR/USD pair was consolidated near at the day low currently down at the level 0.13% on the day to 1.1840 on this early Thursday. The pair will be traced to the break on the upward to the sloping trend line.
The RSI condition of the pair will be clear the break to the previous support line and the EUR/USD is the eye at the level by 1.1788 during the further declines.
For a situation where the danger off encourages the US dollar to invert the month to month misfortunes, the mid-October low close to 1.1690 and the month to month base encompassing 1.1600 could pick up the market's consideration.
On the other hand, a potential gain break of the help transformed into-opposition, at 1.1883 now, will be examined by the 1.1900 round-figure.
It should likewise be noticed that the even territory around 1.1920-25, involving highs set apart on September 10 thus far in November, turns into a difficult one to figure out for the EUR/USD buyers past-1.1900.
S&P 500 Price Seems the Bulls to Steam Below Time Highs
The S&P 500 Index is attempting to persuade on the potential gain as it runs out of force. Coming up next is a top-down examination of potential liquidity zones on the drawback should the market move into appropriation.
The week after week graph shows that the neck area of the W-development meets the 38.2% Fibonacci retracement of the week by week bullish motivation leg.
The four-hour chart shows that there is a conversion of a half mean inversion and earlier obstruction structure that would be relied upon to go about as help, in the region of the 21-hour moving normally.
While exchanging is responsive, not cautious, it does no wrong in having some foreknowledge and being ready for expected value activity.
In the accompanying investigation, the hourly conditions are less bullish with the value now underneath the 21-hour moving normal and testing the main layer of basic help.
A tear here will open possibilities for the drawback focusing on a tear of Tuesday's low to open a race to Friday's old record closing highs.
EUR/USD Pair Breaks the Monthly to Direct Risk Bears at Level 1.1800
EUR/USD pair was consolidated near at the day low currently down at the level 0.13% on the day to 1.1840 on this early Thursday. The pair will be traced to the break on the upward to the sloping trend line.
The RSI condition of the pair will be clear the break to the previous support line and the EUR/USD is the eye at the level by 1.1788 during the further declines.
For a situation where the danger off encourages the US dollar to invert the month to month misfortunes, the mid-October low close to 1.1690 and the month to month base encompassing 1.1600 could pick up the market's consideration.
On the other hand, a potential gain break of the help transformed into-opposition, at 1.1883 now, will be examined by the 1.1900 round-figure.
It should likewise be noticed that the even territory around 1.1920-25, involving highs set apart on September 10 thus far in November, turns into a difficult one to figure out for the EUR/USD buyers past-1.1900.
S&P 500 Price Seems the Bulls to Steam Below Time Highs
The S&P 500 Index is attempting to persuade on the potential gain as it runs out of force. Coming up next is a top-down examination of potential liquidity zones on the drawback should the market move into appropriation.
The week after week graph shows that the neck area of the W-development meets the 38.2% Fibonacci retracement of the week by week bullish motivation leg.
The four-hour chart shows that there is a conversion of a half mean inversion and earlier obstruction structure that would be relied upon to go about as help, in the region of the 21-hour moving normally.
While exchanging is responsive, not cautious, it does no wrong in having some foreknowledge and being ready for expected value activity.
In the accompanying investigation, the hourly conditions are less bullish with the value now underneath the 21-hour moving normal and testing the main layer of basic help.
A tear here will open possibilities for the drawback focusing on a tear of Tuesday's low to open a race to Friday's old record closing highs.
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thanks for sharing. good article.
Thanks for report.
xtreamforex12
Active Member
Technical Analysis on EUR USD or AUD USD
EUR/USD Pair Shows the Bids to Triangle Around 1.1800
The EUR/USD pair rose to the level by 1.1860 on this Monday Session due to this major currency pairs trades inside the symmetrical triangle to the upside momentum to the 200 SMA.
The RSI conditions do not seem as overbought and oversold to the continuation of the recovery of the moves that can be expected.
EUR/USD buyers right now eye the support line of the expressed triangle, at 1.1881 now, while focusing to invigorate the month to month top containing 1.1920.
In the pattern, the example's support line at the level by 1.1835 now, goes before a 200-bar SMA level of 1.1789 to test the momentary drawback. Additionally going about as support is the November 04 high of the level by 1.1770.
AUD/USD Pair Trapped to the Ascending Triangle
AUD/USD is currently trading at the level above 0.7310, speaking to a 0.16% addition on the day.
While the pair is blazing green, it is yet to leave a fourteen-day climbing triangle, as observed on the 4-hour outline. All things considered, the quick inclination stays equal.
A break over the upper finish of the triangle, as of now at the level 0.7340, would infer a continuation of the convention from the Nov. 2 low of 0.6991 and open the entryways for 0.7413 (Sept. 1 high).
Then again, a triangle breakdown would infer a transient bearish inversion and move risk for a drop to 0.6991.
A bullish breakout takes a look at press time, as the value markets are cheering possibilities of an early rollout of Covid antibodies in the US.
To know more visit https://xtreamforex.com
EUR/USD Pair Shows the Bids to Triangle Around 1.1800
The EUR/USD pair rose to the level by 1.1860 on this Monday Session due to this major currency pairs trades inside the symmetrical triangle to the upside momentum to the 200 SMA.
The RSI conditions do not seem as overbought and oversold to the continuation of the recovery of the moves that can be expected.
EUR/USD buyers right now eye the support line of the expressed triangle, at 1.1881 now, while focusing to invigorate the month to month top containing 1.1920.
In the pattern, the example's support line at the level by 1.1835 now, goes before a 200-bar SMA level of 1.1789 to test the momentary drawback. Additionally going about as support is the November 04 high of the level by 1.1770.
AUD/USD Pair Trapped to the Ascending Triangle
AUD/USD is currently trading at the level above 0.7310, speaking to a 0.16% addition on the day.
While the pair is blazing green, it is yet to leave a fourteen-day climbing triangle, as observed on the 4-hour outline. All things considered, the quick inclination stays equal.
A break over the upper finish of the triangle, as of now at the level 0.7340, would infer a continuation of the convention from the Nov. 2 low of 0.6991 and open the entryways for 0.7413 (Sept. 1 high).
Then again, a triangle breakdown would infer a transient bearish inversion and move risk for a drop to 0.6991.
A bullish breakout takes a look at press time, as the value markets are cheering possibilities of an early rollout of Covid antibodies in the US.
To know more visit https://xtreamforex.com
xtreamforex12
Active Member
Technical Analysis on Gold & Silver
Gold Price Risks to Falling to 200 day Level
The Gold Price is going under the long-held support because the gold now risks falling to the 200- day Simple Moving Average. The breakdown is sponsored by an underneath 50 or bearish perusing on the 14-day Relative Strength Index (RSI) and a negative MACD histogram. The 5-and 10-day SMAs are moving south, demonstrating a bearish arrangement, as is the bearish hybrid of the 50-and 100-day SMAs.
The yellow metal closed below $1,850 on Monday, disregarding the level, which went about as a solid floor on various occasions since September.
Thusly, the drawn-out SMA of the level by $1,796 could before long become possibly the most important factor. The yellow metal is right now trading at a four-month low of $1,824 per ounce, speaking to a level 0.68% drop on the day.
XAG/USD Price Cling to the 100 Day EMA to Three Week Low
Silver costs backtrack misfortunes from the multi-day low at the level of $23.42 while taking rounds to the level of $23.60 during the early Tuesday's Asian meeting. The white metal dropped to the most minimal since November 04 in the wake of denoting various pullbacks from 50-day EMA protections during the most recent four days.
Not just the ware's powerlessness to cross the key EMA, yet MACD conditions additionally favor the silver bears to eye a rising pattern line from September 24, at the level $23.23 now. However, a continued drawback break below the 100-day EMA level of $23.60 gets vital for that.
For a situation where the bullion remains frail past-$23.23, the 23.00 and the 22.00 round-figures can offer middle of the road stops to the drawback focusing on 200-day EMA and September's base, separately around $21.75 and $21.65.
Then again, a corrective pullback needs to defeat the 50-day EMA level of $24.35 to test the mid-month top near $25.10.
Nonetheless, any further potential gain past-$25.10 will help the silver bulls with testing the month-to-month top close $25.85.
Gold Price Risks to Falling to 200 day Level
The Gold Price is going under the long-held support because the gold now risks falling to the 200- day Simple Moving Average. The breakdown is sponsored by an underneath 50 or bearish perusing on the 14-day Relative Strength Index (RSI) and a negative MACD histogram. The 5-and 10-day SMAs are moving south, demonstrating a bearish arrangement, as is the bearish hybrid of the 50-and 100-day SMAs.
The yellow metal closed below $1,850 on Monday, disregarding the level, which went about as a solid floor on various occasions since September.
Thusly, the drawn-out SMA of the level by $1,796 could before long become possibly the most important factor. The yellow metal is right now trading at a four-month low of $1,824 per ounce, speaking to a level 0.68% drop on the day.
XAG/USD Price Cling to the 100 Day EMA to Three Week Low
Silver costs backtrack misfortunes from the multi-day low at the level of $23.42 while taking rounds to the level of $23.60 during the early Tuesday's Asian meeting. The white metal dropped to the most minimal since November 04 in the wake of denoting various pullbacks from 50-day EMA protections during the most recent four days.
Not just the ware's powerlessness to cross the key EMA, yet MACD conditions additionally favor the silver bears to eye a rising pattern line from September 24, at the level $23.23 now. However, a continued drawback break below the 100-day EMA level of $23.60 gets vital for that.
For a situation where the bullion remains frail past-$23.23, the 23.00 and the 22.00 round-figures can offer middle of the road stops to the drawback focusing on 200-day EMA and September's base, separately around $21.75 and $21.65.
Then again, a corrective pullback needs to defeat the 50-day EMA level of $24.35 to test the mid-month top near $25.10.
Nonetheless, any further potential gain past-$25.10 will help the silver bulls with testing the month-to-month top close $25.85.
xtreamforex12
Active Member
Technical Analysis on EUR USD or GBP USD
EUR/USD Pair Seems Bulls And Keep Gain At Level 1.1920
The EUR/USD is currently traded at the level near 1.1928 to the highest level. The pair will need to establish the horizontal resistance at the level by 1.1920.
The Bullish will see on the viewpoint to the descending triangle breakdown that confirmed the earlier month also open the doors to re-test of the 1.2011. An inability to hold above 1.1920 could yield a pullback to the climbing 10-day Simple Moving Average, at present at 1.1870. The pair timed a high of 1.1928 on Wednesday yet shut under 1.1920.
GBP/USD Pair Goes Weekly Highs Under Level by 1.3400
On Wednesday, GBP/USD fell as low as 1.3310 during the European morning meeting, yet through the European evening and US morning ground back towards highs set on Monday of just below at the level 1.3400. As exchange settles down for what is probably going to be a tranquil Thursday Asia meeting in front of slender US Thanksgiving occasion trade for the remainder of the week, the pair has moved back to around 1.3380.
On the off chance that Cable can break it above 1.3400, there isn't much by the method of critical zones of opposition in front of year-to-date highs at 1.3485, level bulls are probably going to weapon for in the event of a definitive potential gain break (maybe prodded by the information on a Brexit bargain being reached).
In the bearish situation, the main territory of help is probably going to come around 1.3350 as an upturn connecting last Thursday's, Monday's, and Tuesday's lows. Past that, Wednesday's low at 1.3304, Tuesday's low at the level 1.3293, and Monday's low at 1.3262 are the following help zones to keep an eye out for.
EUR/USD Pair Seems Bulls And Keep Gain At Level 1.1920
The EUR/USD is currently traded at the level near 1.1928 to the highest level. The pair will need to establish the horizontal resistance at the level by 1.1920.
The Bullish will see on the viewpoint to the descending triangle breakdown that confirmed the earlier month also open the doors to re-test of the 1.2011. An inability to hold above 1.1920 could yield a pullback to the climbing 10-day Simple Moving Average, at present at 1.1870. The pair timed a high of 1.1928 on Wednesday yet shut under 1.1920.
GBP/USD Pair Goes Weekly Highs Under Level by 1.3400
On Wednesday, GBP/USD fell as low as 1.3310 during the European morning meeting, yet through the European evening and US morning ground back towards highs set on Monday of just below at the level 1.3400. As exchange settles down for what is probably going to be a tranquil Thursday Asia meeting in front of slender US Thanksgiving occasion trade for the remainder of the week, the pair has moved back to around 1.3380.
On the off chance that Cable can break it above 1.3400, there isn't much by the method of critical zones of opposition in front of year-to-date highs at 1.3485, level bulls are probably going to weapon for in the event of a definitive potential gain break (maybe prodded by the information on a Brexit bargain being reached).
In the bearish situation, the main territory of help is probably going to come around 1.3350 as an upturn connecting last Thursday's, Monday's, and Tuesday's lows. Past that, Wednesday's low at 1.3304, Tuesday's low at the level 1.3293, and Monday's low at 1.3262 are the following help zones to keep an eye out for.
xtreamforex12
Active Member
Technical Analysis on EUR USD or GBP USD
EUR/USD Pair Seems High In the Key Resistance
EUR/USD is currently traded at the level 1.1914 that created the indecisive Doji Candle on this Thursday. The Doji Candle shows the upper wicks with the small body in the market place which creates the Doji to the immediate bullish to set up the Friday Close pivot.
The Candle is Seems high at the 1.1914 that would see the indecision that ended to the bull victory near the level by 1.18.
The Pair will see the level under the 1.1885 that confirms the Bearish Doji Reversal Pattern that exposes some of the deeper support levels.
GBP/USD Pair Test the 1.3400 to Remains on the Cards
The GBP/USD pairs will hold the ground higher at the European open that seems at the level 1.3400 on the technical board that is based on the US Dollar weakness.
If we see the technical part the technical perspective that consolidating the upside the breakout to the bulls shows the 15 Minutes Chart that is measured on the target of the aligned at the level 1.3396.
The RSI Index is turned on the south trades that seems above at the level by 50.00 that suggesting the bias upside.
The Immediate support is at the level of 1.3367 that sees the limit of the retracement to the bullish formation. The next support is then seen at the horizontal 200-SMA at 1.3363. The psychological level of 1.3350 could challenge the bears’ commitment.
EUR/USD Pair Seems High In the Key Resistance
EUR/USD is currently traded at the level 1.1914 that created the indecisive Doji Candle on this Thursday. The Doji Candle shows the upper wicks with the small body in the market place which creates the Doji to the immediate bullish to set up the Friday Close pivot.
The Candle is Seems high at the 1.1914 that would see the indecision that ended to the bull victory near the level by 1.18.
The Pair will see the level under the 1.1885 that confirms the Bearish Doji Reversal Pattern that exposes some of the deeper support levels.
GBP/USD Pair Test the 1.3400 to Remains on the Cards
The GBP/USD pairs will hold the ground higher at the European open that seems at the level 1.3400 on the technical board that is based on the US Dollar weakness.
If we see the technical part the technical perspective that consolidating the upside the breakout to the bulls shows the 15 Minutes Chart that is measured on the target of the aligned at the level 1.3396.
The RSI Index is turned on the south trades that seems above at the level by 50.00 that suggesting the bias upside.
The Immediate support is at the level of 1.3367 that sees the limit of the retracement to the bullish formation. The next support is then seen at the horizontal 200-SMA at 1.3363. The psychological level of 1.3350 could challenge the bears’ commitment.
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