Daily Technical Analysis by XtreamForex

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EUR/USD -Technical Analysis

The EUR declined -0.09% against the USD today during Asian session. EUR/USD market was closed at 1.1240 on Friday.

The Euro-zone’s preliminary consumer price index (CPI) rose by 0.4% in September,2016.

Today Investors will keep eye on Euro Markit manufacturing PMI and USA ISM Manufacturing PMI data.

Daily Technical analysis shows the pair finds the immediate support is placed at 1.1174 below which 1.1114 and 1.1017 could be tested. On the other side the immediate resistance 1.1271 . A break beyond the last, doors will open for a test of 1.1309.

In few hours two crucial data will be released..

1. CHF Real Retail Sales (YoY)
2. EURO – Zone’s Markit Manufacturing PMI
3. USA ISM Manufacturing PMI

 

 

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Daily Technical analysis

EUR/USD 

Technical Overview:

Prev. Close      1.1211
Open               1.1211
Day’s Range    1.1205 - 1.1216
52 wk Range    1.0538 - 1.1616
1-Year Return  - 0.04%

Support and Resistance:

Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.

Technical Indication: Strong Sell

 

GBP/USD

Technical Overview:

Prev. Close      1.2836
Open               1.2836
Day’s Range    1.2829 - 1.286
52 wk Range    1.2796 - 1.5513
1-Year Return  - 15.4%

Support and Resistance:

Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.

Technical Indication: Strong Sell

USD/JPY

Technical Overview:

Prev. Close      101.64
Open               101.64
Day’s Range    101.58 - 102.21
52 wk Range    99.08 - 123.69
1-Year Return  - 14.91%

Support and Resistance:

Daily Camarilla Technical analysis shows USD/JPY pair may finds the immediate support at 101.59 below which 101.55 and 101.50 could be tested. On the other side the immediate resistance 101.69. A break beyond the last, doors will open for a test of 101.73 and from there to 101.78.

Technical Indication: Strong Buy

USD/CAD

Technical Overview:

Prev. Close      1.3120
Open               1.3120
Day’s Range    1.3111 - 1.3133
52 wk Range    1.2458 - 1.4692
1-Year Return  - 0.23%

Support and Resistance:

Daily Camarilla Technical analysis shows USD/CAD pair may finds the immediate support at 1.3112 below which 1.3104 and 1.3097 could be tested. On the other side the immediate resistance 1.3126. A break beyond the last, doors will open for a test of 1.3134 and from there to 1.3141.

Technical Indication: Strong Buy

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Daily Forex News Briefing 27/10/2016

FOREX NEWS

Dollar can strengthen again this week and the weakness of the major currencies can return.

The Dollar Index (98.71) is consolidating at the higher levels as expected. The uptrend will weaken only on a break below 98.30 and as of now, a new high around the resistance of 99.30-60 can’t be ruled out yet.

Euro (1.0899) has found rejection from the immediate resistance of 1.0950, keeping the chances of seeing 1.0820-1.0780 open in line with our expectations.

Dollar-Yen (104.42) has been stalling around the resistance of 105 for the last few sessions with increasing chances of a breakdown towards 103 in the near term.

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Edited November 11, 2016 by xtreamforex.com