Thursday, March 12, 2015

Daily Forex Analysis 12th March 2015


Forex analysis 12/03/2015

Fundamental


Starting yesterday news, the peak of the day was NZD news as expected. Nothing to comment on EUR anymore as continue to fall and USD still in good place. We still haven’t seen any correction. The news from CNY wasn’t good so we keep an eye of that. IF continues like that we will see some changes in commodity dollars cause the China is likely to cut interest rate or reserve requirements again if consumer inflation drifts below 1%.

Based on today news the peak of the day will be at 8:30am London time. USD news at that time are important with the Unemployment on the top. Other than that, we expect the GBP trade balance at 5:30am to have some affection and maybe the German Final CPI m/m at 3:45 but with overall image of Europe right now even a good news today can’t expect to change the view of the currency. We believe the US session would be the best for the volatility of the markets.

Technical


 
 
 
 

The pairs we should expect to have the clearest movement are: EUR/USD, EUR/JPY, GBP/JPY and GBP/USD for bearish signals.
 

Furthermore:


 
 

EURUSD

Support 1: 1.0492 (Lower Price Asian Session)

 

Resistance 1: 1.0705-1.0715 (MA20 4H Timeframe- High Price 11th March)

 

 

 

 

GBPUSD

Support 1: 1.4918 (Lower Band 4h Timeframe)

Support 2: 1.4890 (Lower Price 11th March )

Resistance 1:  1.5045 (MA 20 4H Timeframe)

Resistance 2: 1.5095 (High Price 11th March )

 


 

EURJPY

Support 1: 127.61 (Lower Price 11th March & Lower Price Asian Session)

Support 2: 126.81 (Lower Band of BB Weekly Timeframe)

Resistance 1: 128.60 (Lower Band of Daily Timeframe)

Resistance 2: 129.95 – 130.00 (MA20 4h Timeframe & High Price 11th March)

 


GBPJPY

Support 1: 181.15-181.25 (Lower bands of BB 4H and daily Timeframe)

Support 2: 180.78 (Lower Price 11th March)

Resistance 1: 182.55 (MA20 4H )

Resistance 2: 183.10-183.15 (High price 11th March & MA20 Daily Timeframe)

 


 

 

 

 

 

 

 

 

 

 

For more information:

Please check our website (http://akfinancials.blogspot.gr/), or email at                                         stavgianoudakis@akfinancials.net                                                                                                Written by Konstantinos Stavgianoudakis

Wednesday, March 11, 2015

Daily Forex Analysis 11th March 2015


Fundamental


Starting yesterday news, nothing changed the scenery of the markets. The EU continues to fall, USD sentiment continues to be non-stopping good. We still haven’t seen any correction yet. Interesting to report that the fuss over the currencies affected the stock market having the worst day of this year. The volatility was very good showing that the technical analysis alone can do the job.

Based on today news, we have many interesting news for the day. CNY – industrial production y/y at 6:30am, 9:00am ECB president Draghi Speaks after the ECB bond program. NZD all the news at 9:00pm London time along with the USD 10y bond Auction and bank stress results at 9:30 can be the peak of the day. We can say that the GBP – Manufacturing Production at 10:30am could play some role in the EU session, but we believe the US session would be the best for the volatility of the markets.

Technical


 
 
 
 

The pairs we should expect to have the clearest movement are: EUR/USD and NZD/USD  for bearish signals. 
 

Furthermore:

EURUSD

 


 

 

 

 

Support 1: 1.0640 (Lower Band 4h Timeframe BB)

Support 2: 1.0620 (Lower Band Weekly Timeframe BB)

 

Resistance 1: 1.0715 (High Price Asian Session)

Resistance 2: 1.08250 (Ma20 4H Timeframe )

 

 

 

 

NZDUSD
 
 

Support 1: 0.7228 (Low Price Asian Session)

Support 2: 0.7175  (Low price 3rd February 2015)

Resistance 1: 0.7295 (High Price Asian Session)

Resistance 2: 0.7330 (MA20 4H Timeframe)

 

 

 

 

 

 

 

 

For more information:

Please check our website (http://akfinancials.blogspot.gr/), or email at                                         stavgianoudakis@akfinancials.net                                                                                                Written by Konstantinos Stavgianoudakis

Tuesday, March 10, 2015

Daily Forex Analysis 10th March 2015


Fundamental


Starting yesterday news, nothing unexpected happened. While the EU continues to fall, USD sentiment continues to be very good, the GRexit question all over the place, Euro group meeting results didn’t ‘’ruffled the waters’’ and the market continued the same way. The volatility was quite low as the investors had their eyes on the newly, finally starting ECB bond-buying program.   

Based on today News. The only important today from the calendar was the CNY –CPI y/y and PPI y/y at 2:30am London time but still we didn’t see any direct impact on the commodity dollars. Today the markets seems more technical and with the already oversold markets, we still expect some correction/retracement in general.

Technical


 
 
 
 

The pairs we should expect to have the clearest movement remain the same and they are: EUR/USD, EUR/CAD and NZD/USD for bearish signals. With combination of the fundamental news, the pairs with the major volatility should be EUR/USD and EUR/CAD

Furthermore:

 

EURUSD

 

 

 

 

 

Support 1: 1.0735 (Lower Band 4h Timeframe BB)

Support 2: 1.0650 (Lower Band Weekly Timeframe BB)

 

Resistance 1: 1.0825 (Lower Band of Daily Timeframe)

Resistance 2: 1.0900 -10910 (Ma20 4H Timeframe – High Price 9th March)

 

 

 

EURCAD
 
 

Support 1: 1.3616 (Low of 6th March )

 

Resistance 1: 1.3734 (High Price 9th March 2015)

Resistance 2: 1.3783 (Upper Band BB 4H Timeframe)

 

NZDUSD
 
 

Support 1: 0.7275 – 0.7265 (Low price Asian Session-Lower Band 4H BB )

Support 2: 0.7175  (Low price 3rd February 2015)

Resistance 1: 0.7320 -0.7325 (Lower Price 9th March 2015 – Lower Band of the BB Daily)

Resistance 2: 0.7388 (High price 9th March)

 

 

 

 

 

 

 

 

For more information:

Please check our website (http://akfinancials.blogspot.gr/), or email at                                         stavgianoudakis@akfinancials.net                                                                                                Written by Konstantinos Stavgianoudakis

Monday, March 9, 2015

Daily Forex Analysis 9th March 2015


Forex analysis 09/03/2015

Fundamental


Starting with last Friday news. The bulleting point of that day was USD calendar news along with the CAD same time and clearly bad sentiment for that currency, made the markets moving sky high. That affection was in many correlated pairs and of course EUR did not left out of this game. The price went to January 2003 lows with no seconds thoughts for return.     

Based on today News. We already saw some JPY calendar results had some affection to the markets, but we believe that the market will be focused at EUR currency. While the last Friday was devastating for the currency we expect some correction/retracement. This not save the day as   most important calendar new is all day Euro group meetings. It is too early to say what will happen to Greece in this meetings but we already found articles saying that no decisions will be made for today and the usual bad sentiment for GRexit or not.  Other than that the markets will be moving due to technical analysis moistly today. We expect volatility on US session to occur, if nothing unexpected for EU session.

Technical


 
 
 
 


The pairs we should expect to have the clearest movement, are: EUR/USD, EUR/CAD and NZD/USD for bearish signals. With combination of the fundamental news, the pairs with the major volatility should be EUR/USD and EUR/CAD

Furthermore:

 

EURUSD

 


 

 

 

Support 1: 1.0822 (Low price Asian Session)

Support 2: 1.0790 (Lower Band 4h Timeframe)

 

Resistance 1: 1.090 (Lower Band of Daily Timeframe)

Resistance 2: 1.100 (Ma20 4H Timeframe)

 

 

EURCAD
 
 

Support 1: 1.3616 (Low of 6th March )

 

Resistance 1: 1.3753 (MA20 4H Timeframe ,Closing price daily 4th March and Opening price 5th March)

Resistance 2: 1.3829 (High price 5th March)

 

NZDUSD
 
 

Support 1: 0.7311 (Low price 12th February)

Support 2: 0.7250 (Lower Band of BB)

Resistance 1: 0.7375 (High price 4h Candlestick  6th March 20:00)

Resistance 2: 0.7450 (High price of the first days February)

Tuesday, March 3, 2015

3rd March Gold Trading Signal

Gold Trading Signal

Sell at:1206.20
Stop Loss:1212
Target Profit:1200

Daily Forex analysis 03/03/2015


Fundamental


Starting with yesterday news. While EUR currency had overall good results from news and we saw a clear bullish movement, due the continuation of the bad sentiment, again dropped when US session started. On the other hand the sentiment of the GBP currency was mixed but the investors didn’t support it towards bullish later that day, we believe that still there is a strong momentum to show to us. As for USD, in spite of the fact that the calendar news where bad for this pair, the investors in fact support the overall good sentiment for this recovering US economy.

Based on today News most important are: at 9:00am London time, Spanish Unemployment Change for Europe. Construction PMI at 10:30am is definitely something we can’t ignore for the GBP as England supports and pay attention a lot to the real estate investing. Later today CAD news at 2:30pm is our main concern as commodity dollars getting some good momentum due to the china news also. We expect volatility on both EU and US sessions to occur.

Technical


 
 
 
 

The pairs we should expect to have the clearest movement, are: EUR/AUD, EUR/NZD and EUR/GBP for bearish signals, NZD/CHF, AUD/CHF for bullish. With combination of the fundamental news, the pairs with the major volatility should be EUR/GBP, EUR/NZD and EUR/AUD. Note: don’t ignore CAD pairs.

Furthermore:

EURCAD
 

Support 1: 1.3973 (Opening 02/03/15 and the lower band of Daily BB)

Support 2:  1.3820 – 1.3800 (Low Prices 23rd January and 24th January)

Resistance 1: 1.4085 (Upper band of the BB 4H timeframe and  High price 2nd March 2015)

Resistance 2: 1.4171 (MA20 Daily and high price 25th Feb 2015)

 

 

 

EURAUD
 
 

Support 1:  1.4267 – 1.4280 (Todays Low price and 4h Timeframe Lower Band)

Support 2:  1.4145- 1.4165 (Lower Prices 27th and 28th January)

 

Resistance 1: 1.4441- 1.4450 (High price 2nd March – Upper Band 4h BB)

Resistance 2:  1.4530 (MA20 Daily Timeframe)

 

AUDCHF
 
 

Support 1: 0.7395 (Lower Band 4h Timeframe – 27th February)

Support 2: 0.7315 (MA20 Daily Timeframe)

 

Resistance 1: 0.7547 (Upper Band  BB Daily Timeframe)

 

EURNZD
 

Support 1: 1.4779  (Lows of  2nd March -27th February -16th January)

Support 2: 1.4750 (Lower Band of Daily BB)

 

Resistance 1: 1.4905 (High 2nd March)

Resistance 2: 1.4970 (Upper Band 4h Timeframe )

 

NZDCHF
 

Support 1: 1.7150 -1.7160 (26th and 27th  Lows)

 

Resistance 1: 1.7316 (Upper band BB Daily Timeframe)

 
 
For more information:
Please email at                                         stavgianoudakis@akfinancials.net                                                                                             
  Written by Konstantinos Stavgianoudakis

Monday, March 2, 2015

Daily Analysis Forex Market 2nd March 2015


Fundamental


Starting with last Friday, while all the news were overall good and the German parliament voted In favor of Greek bailout extension, that was not enough to stop the EU currency downtrend. Most of the EU pairs hit supports or either broke them but the more interesting above all of them was the EUR/GBP showing no regrets for the downtrend.  Furthermore we had indeed the most volatility later that day In the US session. Even though the sentiment was mixed we still had some good movements towards US currency but low in length due to the day. Something we should note, is the china’s second rate cut in three months, along with the PMI manufacturing results on Saturday. We expect that to have greater affection to commodity dollars later this week.

Based on today News most important are: at 11:00am Uk time, CPI and Unemployment rate for Europe but don’t completely ignore the earlier GBP news. Later today personal income/spending and more important ISM manufacturing PMI are the major events for the US session. We expect volatility on both EU and US sessions to occur.

Technical


 
 
 
 

The pairs we should expect to have the clearest movement, are: EUR/NZD and EUR/GBP for bearish signals, NZD/CHF AND GBP/CHF for bullish. With combination of the fundamental news, the pairs with the major volatility should be EUR/GBP, EUR/NZD and GBP/CHF. Note: don’t ignore US pairs later today. 

Furthermore:




SUPPORT 1: 1.4779 Lower Price  2nd March 2015 – 16th January 2015

SUPPORT 2: 1.4650 Lower Band of BB weekly Timeframe

RESISTANCE 1: 1.4904 high of 4h candlestick 16:00 26th February

 



 

SUPPORT 1:  0.7145 Lower band of BB 4h

SUPPORT 2: 0.7046 Low of 20th February

RESISTANCE 1:  0.7218 High 27th February 2015

RESISTANCE 2: 0.7295 Upper Band of BB Daily Timeframe

 

 



 

SUPPORT 1: 0.7230 Lower Band of Daily BB

SUPPORT 2: 0.7205 Lower Band Weekly BB

RESISTANCE 1: 0.7296 High price of 27th February 2015

RESISTANCE 2:  0.7325 High price of 26th February 2015

 



 

SUPPORT 1:  1.4635 Lower Band of BB 4H TIMEFRAME

SUPPORT 2: 1.4577 Lower price 27th February 2015

RESISTANCE 1: 1.4759 Upper Band of BB 4H TIMEFRAME and high price of  26th February 2015

RESISTANCE 2:  1.4925 Upper band of the daily timeframe

 

For more information:

Please email us at     stavgianoudakis@akfinancials.net                                                                                                Written by Konstantinos Stavgianoudakis