Category Archives: Forex analysis review

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Technical analysis of NZD/USD for December 27, 2016

Overview: The NZD/USD pair opened below the daily pivot point (0.6905). It continued to move downwards from the level of 0.6905 to the bottom around 0.6861. Today, the first resistance level is seen at 0.6948 followed by 0.7002, while daily support 1 l…

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Technical analysis of USD/CHF for December 27, 2016

Overview: The USD/CHF pair continues to move upwards from the level of 1.0244. Yesterday, the pair rose from this level which coincides with a ratio of 61.8% Fibonacci retracement to a top around 1.0287. Today, the first support level is seen at 1.024…

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Analysis of gold for December 27, 2016

Recently, gold has been trading upwards. As I expected, the price tested the level of $1,150.45 in ultra-high volume. Using the market profile, I found today’s point of control at the price of $1,137.35 on the 30M time frame. According to the 5M time f…

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Analysis of EUR/NZD for December 27, 2016

Recently, EUR/NZD has been moving sideways at the price of 1.5140. Using the market profile, I found yesterday’s point of control at 1.5115 on the 30M time frame. There is absorption volume in the background. My advice is to watch for buying opportunit…

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Elliott wave analysis of EUR/NZD for December 27 – 2016

Wave summary:No change in view here.We are still looking for more correction in wave [ii] closer to 1.4964 before the next impulse rally set in for a move towards 1.5836 and above. In the short term, we should allow for more sideways trading before the…

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Elliott wave analysis of EUR/JPY for December 27 – 2016

Wave summary:No change in view here.We continue to look for a final decline closer to 119.69 to complete the correction in wave (iv) and set the stage for a new impulse rally in wave (v) higher to 126.54. The alternate wave (iv) count shows that a runn…

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Technical analysis of NZD/USD for December 27, 2016

NZD/USD is under pressure. The pair remains bearish below its horizontal resistance at 0.6910. Meanwhile, the descending 50-period moving average also plays a resistance role, and should limit the upside attempts. Furthermore, the relative strength ind…

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Technical analysis of GBP/JPY for December 27, 2016

GBP/JPY is under pressure. The pair has been capped by both 20-period and 50-period moving averages, while the relative strength index stays below 50.The pair holds below 144.50 and remains capped by a negative trend line. Meanwhile, the relative stren…

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Technical analysis of EUR/USD for Dec 27, 2016

While no economic news is expected during the European session, the US will release some reports such as Richmond manufacturing Index, CB consumer confidence index, and S&P/CS Composite-20 HPI y/y. Therefore, amid the reports EUR/USD will move in …

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Technical analysis of USD/JPY for Dec 27, 2016

In Asia, Japan will release reports on the housing starts y/y, BOJ core CPI y/y, unemployment rate, national core CPI y/y, Tokyo core CPI y/y, and household spending y/y. At the same time, the US will publish Richmond manufacturing index, CB consumer c…