Weekly Forex Pair Forecast- 21 Jan 2019 To 25 Jan 2019

 
EURUSD Pair Analysis: (Close Price: 1.1371)

News: UK parliament rejected or voted down Theresa May’s Brexit deal on which future of UK to stay in EU or leave depends. After this EUR came under pressure lost gains against USD.

Pair Analysis: Pair not able to hold the above level of 1.1470 and reverse southwards with a break of major support 1.1400.

EURUSD Forecast

Technical Outlook: On the technical front, the pair looks to test an upward sloping trend line and can take support at 1.1340. If this support breaks then pair can test major support 1.1310-1.1270. Momentum indicator RSI now breaks from series higher low suggests price can slide and trade with a negative bias.

Name S3 S2 S1 Pivot Points R1 R2 R3
EURUSD 1.1298 1.1367 1.1409 1.1478 1.1547 1.1589 1.1658
 
 
USDCAD Pair Analysis: (Close Price: 1.3254)

News: Crude oil recent rise and Canada central bank on its track of monetary tightening. These factors were supporting CAD currency and its rise against the dollar. It is expected that monetary tightening phase will be in 2019, although the market is only pricing in around 11bps of rate hikes against US 25bps rate hike.

Pair Analysis: price slide with steep fall and made low near 1.3180 and show some stability near this level. As earlier price also took support near this level in the month of Dec 18 and raised almost 400 pips.

USDCAD Forecast

Technical Outlook: On the daily chart, the pair broke long term trend line support of 1.3360 which is a negative sign. Momentum indicator like RSI now turns oversold so some pullback possible or time wise pair can spend time here in a range of 1.3180-1.3350. If pair able to close above 1.3300 then we can think price took to support and go higher. Else price can retest level of 1.3180.

Name S3 S2 S1 Pivot Points R1 R2 R3
USDCAD 1.3065 1.3146 1.3197 1.3278 1.3359 1.341 1.3491
 
 
AUDJPY Pair Analysis: (Close Price: 78.69)

News: Australian economy highly leveraged to Chinese and any adverse effect or negative news from China also impact Australian dollar.

Recent positive developments between the US and China over trade war have to decrease dollar strength, as a result, other par show some pull back against safe-haven currencies like CHF, JPY.

Pair Analysis: AUDJPY pair now came at resistance zone above the level of 79 it faces lots of selling pressure. If price not able to hold a level of 78.5 can side further.

AUDJPY  Analysis

Technical Outlook: On a technical chart, price rising after flash crash and trading near the level of 79 which acts as a strong barrier, if price able to close above 79 and trade for few session can rise to 79.5-79.7. Else below level of 78.5 prices can test 78-77.70.

Name S3 S2 S1 Pivot Points R1 R2 R3
AUDJPY 76.53 77.05 77.37 77.89 78.41 78.73 79.25
 
 
USDCHF Pair Analysis: (Close Price: 0.9951)

News: US-China trade optimism and again appetite to risky assets dampens CHF’s safe-haven appeal.USD which earlier fall against major peers now gaining strength which negative for CHF. Price wise pair looking test price action fails to provide any additional boost to the major. The pair remains on track to post strong weekly gains of over 1.0%.

Pair Analysis: Pair now rising with strong volume addition and now came to the level of 0.9960-0.9965 strong supply zone. This time momentum is picking up with price rise suggest pair can rise further if able to hold a level of 0.9900.

USDCHF Analysis

Technical Outlook: On a technical front, pair breaks descending channel near the level of 0.9871 and now approaching 0.9960-0.9970 level. This level act as a major resistance zone price needs to spend some time here and need to maintain a level of 0.9900. Any pullback to a level of 0.9900 with the support of 0.9870 can be a buying opportunity.

Name S3 S2 S1 Pivot Points R1 R2 R3
USDCHF 0.9654 0.9713 0.975 0.9809 0.9868 0.9905 0.9964

 

KLSE Stock News- Bursa Malaysia Open Lower On Tuesday; Axiata leads decline on Bursa Malaysia

Kuala Lumpur: MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.57 points to 1,797.60
The trading volume was 96.63 million lots worth RM38.75 million and there were 311 advancers versus 337 decliners and 371 counters unchanged.

Loser Stocks

The biggest fall was seen in Axiata in the morning session, losing 16 sen to RM4.61 and Genting Malaysia shed four sen o RM5.02 while TNB dropped four sen to RM15.48. There was no change was seen in Banks although CIMB slid two sen to RM6.01. The stock had fallen as much as four sen earlier in the trading session.

Gainer Stocks

Petronas Dangangan is the top performer on the index by rising 20 sen to RM26.56 and Petron Malaysia BHD also performs well by adding 18 sen to RM8.38. 
Pinehill Pacific, the share price had jumped nearly four-fold over the previous two sessions on news of the sale of its Perak assets for RM414mil finally gave up some gains. At midday, it had slipped 8.5 sen to 45.5 sen.

Global Market

Tuesday’s morning session given the negative sentiment surrounding the escalation of the US-China tariffs war and prospects for global growth. 
The regional markets were mixed, with declines led by Chinese markets on their first day of trading after a holiday-extended weekend. Despite the bearish mood, the local market held relatively steady as stocks on the exchange were quite evenly split between gainers and losers.

Commodity Market

Oil prices were within reach of four-year highs hit in the previous session, as US appear sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market. 
WTI crude grew 15 cents to US$72.23 a barrel while Brent crude added 23 cents to US$81.43 a barrel.

Currency Market

The ringgit slipped 0.15% against the greenback at 4.1350. It was marginally higher against the pound sterling at 5.4138 and Singapore at 3.0265.

 

Today is full of High impact NEWS, EURO may get a Profit from this Announcements

Euro may see some unstable value activity as we head into the weekend. The ECB rate choice and US Q1 GDP could offer the Euro a few additions. Could choices determined EUR/USD protection tame it in the event that it does in reality rise?

26-04-2018 News Forex EUR/USD

Euro close term suggested unpredictability cautions of raised value activity throughout the following coming days. The one-day inferred unpredictability perusing is at 13.11% which is the most elevated in around 3 months. In the interim, the one-week estimation is at 8.37% which is the biggest since early March. There a few key occasion chances on the financial schedule that may clarify this.

EUR/USD TECHNICAL ANALYSIS: MAJOR TECHNICAL BREAKTHROUGH

On a day by day diagram, EUR/USD has influenced a noteworthy specialized leap forward by falling underneath a rising pattern to line from April 2017. This happened in the midst of negative RSI dissimilarity which cautioned that force to the upside was moderating. Presently, the combine winds up on a headstrong help region. This joins the 38.2% Fibonacci retracement at 1.2173 with the January seventeenth low (bring down the purple level line on the diagram beneath).

impactful NEWS, EURO may get profit of this announcements 26-04-218

From here, close term support could be the “day extend low” at 1.2091. In my past review, AUD/USD fell and ceased on its day extend low of course. A push underneath that uncovered the “week run low” at 1.2034 which is sitting simply under the half midpoint of the retracement.

Then again, if costs turn higher than the “day extend high” at 1.2259 could be the place they may stop to sit down. A move past that leaves the “week range high” at 1.2316 as the following target. This is additionally lined up with the 23.6% Fibonacci retracement. Source