Flexianalysis
Private, 1st Class
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- 64
Forex market review/
technical and fundamental analysis.
trade opportunities and performance reviews.
technical and fundamental analysis.
trade opportunities and performance reviews.
Forex majors analysis and opportunities
- Thread starter Flexianalysis
- Start date
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- forex
Flexianalysis
Private, 1st Class
- Messages
- 64
EURUSD INTRADAY: KEY RESISTANCE AT 1.079.
Our Preference Short positions below 1.079 with targets @ 1.0705 & 1.067 in extension.
Alternate Scenario Above 1.079 look for further upside with 1.083 & 1.086 as targets. Comments As long as 1.079 is resistance, look for choppy price action with a bearish bias.
S1 1.0705
S2 1.067
S3 1.0625
R1 1.079
R2 1.083
R3 1.086
Our Preference Short positions below 1.079 with targets @ 1.0705 & 1.067 in extension.
Alternate Scenario Above 1.079 look for further upside with 1.083 & 1.086 as targets. Comments As long as 1.079 is resistance, look for choppy price action with a bearish bias.
S1 1.0705
S2 1.067
S3 1.0625
R1 1.079
R2 1.083
R3 1.086
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
Aud/usd intraday: 0.715 in sight.
Pivot 0.7055
Our Preference Long positions above 0.7055 with targets @ 0.715 & 0.717 in extension.
Alternate Scenario Below 0.7055 look for further downside with 0.7015 & 0.6975 as targets.
Comments The RSI calls for a new upleg.
S1 0.7055
S2 0.7015
S3 0.6975
R1 0.715
R2 0.717
R3 0.7195
Pivot 0.7055
Our Preference Long positions above 0.7055 with targets @ 0.715 & 0.717 in extension.
Alternate Scenario Below 0.7055 look for further downside with 0.7015 & 0.6975 as targets.
Comments The RSI calls for a new upleg.
S1 0.7055
S2 0.7015
S3 0.6975
R1 0.715
R2 0.717
R3 0.7195
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
NZDUSD INTRADAY: THE BIAS REMAINS BULLISH.
Pivot 0.653
Our Preference Long positions above 0.653 with targets @ 0.659 & 0.6625 in extension.
Alternate Scenario Below 0.653 look for further downside with 0.65 & 0.6475 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 0.653
S2 0.65
S3 0.6475
R1 0.659
R2 0.6625
R3 0.6645
Pivot 0.653
Our Preference Long positions above 0.653 with targets @ 0.659 & 0.6625 in extension.
Alternate Scenario Below 0.653 look for further downside with 0.65 & 0.6475 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 0.653
S2 0.65
S3 0.6475
R1 0.659
R2 0.6625
R3 0.6645
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
NZD down as focus shifts to Aussie
The New Zealand dollar was lower Thursday as traders soured on the currency in favor of a resurgent Australian dollar.
The Aussie dollar jumped after data showing a sharp drop in the Australian unemployment rate in October. The jobs surge was enough to see markets trim back expectations of further interest rate cuts by the Reserve Bank of Australia.
Unemployment in Australia fell to a seasonally adjusted 5.9% in October, from 6.2% in September, as the number of new jobs created in the month soared by 58,600, of which two-thirds were full-time positions.
The strength of the data was enough to prompt some forecasters to abandon expectations of further rates cuts by the Reserve Bank of Australia.
At times considered one of the more downbeat forecasters on the Australian economy, Goldman Sachs said it now sees no change in the official cash rate until 2017.
Previously, Goldman had been forecasting a further 50 basis points of cuts in coming months.
At 5:20 a.m. GMT, the New Zealand dollar was at US$0.6548, from US$0.6576 late Wednesday. Earlier, it traded around a high of US$0.6577.
Sean Callow, currency strategist at Westpac, said the only explanation for the weakness in the New Zealand dollar was traders reassessing the central bank outlook in Australia.
The Australian dollar surged against the New Zealand dollar after the jobs data. It climbed from around NZ$1.075 to NZ$1.0910.
Mr. Callow said fair value for the cross currently looks to be NZ$1.11 to NZ$1.12. Further support should come to the cross amid confident bets that the Reserve Bank of New Zealand will cut interest rates next month.
The New Zealand dollar was lower Thursday as traders soured on the currency in favor of a resurgent Australian dollar.
The Aussie dollar jumped after data showing a sharp drop in the Australian unemployment rate in October. The jobs surge was enough to see markets trim back expectations of further interest rate cuts by the Reserve Bank of Australia.
Unemployment in Australia fell to a seasonally adjusted 5.9% in October, from 6.2% in September, as the number of new jobs created in the month soared by 58,600, of which two-thirds were full-time positions.
The strength of the data was enough to prompt some forecasters to abandon expectations of further rates cuts by the Reserve Bank of Australia.
At times considered one of the more downbeat forecasters on the Australian economy, Goldman Sachs said it now sees no change in the official cash rate until 2017.
Previously, Goldman had been forecasting a further 50 basis points of cuts in coming months.
At 5:20 a.m. GMT, the New Zealand dollar was at US$0.6548, from US$0.6576 late Wednesday. Earlier, it traded around a high of US$0.6577.
Sean Callow, currency strategist at Westpac, said the only explanation for the weakness in the New Zealand dollar was traders reassessing the central bank outlook in Australia.
The Australian dollar surged against the New Zealand dollar after the jobs data. It climbed from around NZ$1.075 to NZ$1.0910.
Mr. Callow said fair value for the cross currently looks to be NZ$1.11 to NZ$1.12. Further support should come to the cross amid confident bets that the Reserve Bank of New Zealand will cut interest rates next month.
Flexianalysis
Private, 1st Class
- Messages
- 64
Pivot 1096
Our Preference Short positions below 1096 with targets @ 1082 & 1079 in extension.
Alternate Scenario Above 1096 look for further upside with 1103 & 1111 as targets.
Comments As long as 1096 is resistance, look for choppy price action with a bearish bias.
S1 1082
S2 1079
S3 1072
R1 1096
R2 1103
R3 1111
Our Preference Short positions below 1096 with targets @ 1082 & 1079 in extension.
Alternate Scenario Above 1096 look for further upside with 1103 & 1111 as targets.
Comments As long as 1096 is resistance, look for choppy price action with a bearish bias.
S1 1082
S2 1079
S3 1072
R1 1096
R2 1103
R3 1111
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
Gbp/jpy intraday: Caution.
Pivot 186.25
Our Preference Long positions above 186.25 with targets @ 187.1 & 187.5 in extension.
Alternate Scenario Below 186.25 look for further downside with 185.8 & 185.3 as targets.
Comments Intraday technical indicators are mixed and call for caution.
S1 186.25
S2 185.8
S3 185.3
R1 187.1
R2 187.5
R3 188
Pivot 186.25
Our Preference Long positions above 186.25 with targets @ 187.1 & 187.5 in extension.
Alternate Scenario Below 186.25 look for further downside with 185.8 & 185.3 as targets.
Comments Intraday technical indicators are mixed and call for caution.
S1 186.25
S2 185.8
S3 185.3
R1 187.1
R2 187.5
R3 188
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
Eur/usd intraday: The bias remains bullish.
Pivot 1.0745
Our Preference Long positions above 1.0745 with targets @ 1.083 & 1.086 in extension.
Alternate Scenario Below 1.0745 look for further downside with 1.0705 & 1.067 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 1.0745
S2 1.0705
S3 1.067
R1 1.083
R2 1.086
R3 1.089
Pivot 1.0745
Our Preference Long positions above 1.0745 with targets @ 1.083 & 1.086 in extension.
Alternate Scenario Below 1.0745 look for further downside with 1.0705 & 1.067 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 1.0745
S2 1.0705
S3 1.067
R1 1.083
R2 1.086
R3 1.089
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
Gbp/usd intraday: The bias remains bullish.
Pivot 1.517
Our Preference Long positions above 1.517 with targets @ 1.524 & 1.5275 in extension.
Alternate Scenario Below 1.517 look for further downside with 1.514 & 1.5095 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 1.517
S2 1.514
S3 1.5095
R1 1.524
R2 1.5275
R3 1.531
Any Questions: www.flexianalysis.com
support@flexianalysis.com
Pivot 1.517
Our Preference Long positions above 1.517 with targets @ 1.524 & 1.5275 in extension.
Alternate Scenario Below 1.517 look for further downside with 1.514 & 1.5095 as targets.
Comments Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
S1 1.517
S2 1.514
S3 1.5095
R1 1.524
R2 1.5275
R3 1.531
Any Questions: www.flexianalysis.com
support@flexianalysis.com
Attachments
Flexianalysis
Private, 1st Class
- Messages
- 64
Usd/jpy intraday: Capped by a negative trend line.
Pivot 123.05
Our Preference Short positions below 123.05 with targets @ 122 & 121.6 in extension.
Alternate Scenario Above 123.05 look for further upside with 123.4 & 123.6 as targets.
Comments As long as 123.05 is resistance, look for choppy price action with a bearish bias.
S1 122
S2 121.6
S3 121.35
R1 123.05
R2 123.4
R3 123.6
Pivot 123.05
Our Preference Short positions below 123.05 with targets @ 122 & 121.6 in extension.
Alternate Scenario Above 123.05 look for further upside with 123.4 & 123.6 as targets.
Comments As long as 123.05 is resistance, look for choppy price action with a bearish bias.
S1 122
S2 121.6
S3 121.35
R1 123.05
R2 123.4
R3 123.6
Attachments
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