Tuesday, 17 November 2015

FOREX- Daily Update 2 , November 17, 2015

USD/JPY

Technical Reports

 

USD/JPY Forecast November 17, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Monday, as we continue to extend the gains for the US dollar.

Fundamental Reports

 

USD/JPY Fundamental – November 18, 2015 - Forecast
Analysis and Recommendation: The USD/JPY added 20 points in the morning session as the greenback continued to rally. The yen fell to 123.38 as the pair is trading above its average.

USD/CAD

Technical Reports

 

USD/CAD Forecast November 17, 2015, Technical Analysis
The USD/CAD pair went back and forth during the course of the session on Monday, ultimately forming a little bit of a shooting star.

Fundamental Reports

 

USD/CAD Fundamental Analysis – November 17, 2015 - Forecast
Analysis and Recommendations: The USD/CAD gave up 15 points to trade at 1.3306 remaining near the top of its trading range after global commodities fell and the dollar rallied after terrorist effect.

NZD/USD

Technical Reports

 

NZD/USD Forecast November 17, 2015, Technical Analysis
The NZD/USD pair broke down below the 0.65 handle during the day on Monday, as it appears we are trying to break down. Any bounce from here should require a good attention

Fundamental Reports

 

NZD/USD Fundamental – November 18, 2015 - Forecast
Analysis and Recommendation: The NZD/USD tumbled 36 points to 0.6458 trading near its lowest level in recent memory after inflation expectations remained at 1.9%.  Investors are seeking the safety of the greenback.

GBP/USD

Technical Reports

 

GBP/USD Forecast November 17, 2015, Technical Analysis
The GBP/USD pair initially fell during the course of the day on Monday, but found enough support at the 1.52 level to turn things back around to form a bit.

Fundamental Reports

 

GBP/USD Fundamental Analysis – November 17, 2015 - Forecast
Analysis and Recommendations: The GBP/USD dipped 37 points to 1.52 as the US dollar rallied on safe haven traders and Europe and the UK are going through massive terrorist worries.

EUR/USD

Technical Reports

 

EUR/USD Forecast November 17, 2015, Technical Analysis
The EUR/USD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion. However, we feel that gap.

Technical Analysis EUR/USD for November 17, 2015
The EUR/USD moved lower on Monday despite an uptick in Eurozone inflation.  The number were relatively subdued and with Draghi last week warning that there are weakening signs of core.

EUR/USD Mid-Session Technical Analysis for November 16, 2015
Daily EUR/USD Technical Analysis The EUR/USD is trading lower at the mid-session. The Forex pair sold-off shortly after the opening in reaction to the events in Paris over the week-end.

Weekly Technical Outlook: EUR/USD; Market Forecasts for November 16th – November 20th 
Resistance level   1.0896, 1.1017, 1.1086 Pivot Level  1.0771 Support Level  1.0709 Technical Analysis EUR/USD is looking for consolidation pattern from 1.0709 levels and is still in progress with strong support holding these levels.

Fundamental Reports

 

EUR/USD Fundamental Analysis – November 17, 2015 – Forecast 
Analysis and Recommendations: The EUR/USD tumbled 43 points even though eurozone inflation printed a bit higher than expected. The terrorist act in Paris has captured the headlines and its effects.

EUR/JPY

Technical Reports

 

EUR/JPY Forecast November 17, 2015, Technical Analysis
The EUR/JPY pair gapped lower at the open on Monday, and then charged all the way down to the 130.50 level. However, we found enough support there to turn.

Fundamental Reports

 

EUR/JPY Fundamental – November 18, 2015 - Forecast
Analysis and Recommendations: The EUR/JPY dipped 5 points to 131.57 as the euro and the yen traded on a weak note. Japan’s economy shrank again in the third quarter.

EUR/GBP

Technical Reports

 

EUR/GBP Forecast November 17, 2015, Technical Analysis
The EUR/GBP pair gapped lower at the open on Monday, and then fill that gap, only to turn back around and form a fairly negative candle.

The Best Trading Opportunity Today - EUR/GBP - November 16, 2015
The EUR/GBP broke shortly after the opening in reaction to heightened geopolitical events due to the attacks in Paris on Friday. The selling pressure was strong enough to take out.

Fundamental Reports

 

EUR/GBP Fundamental Analysis – November 17, 2015 – Forecast 
Analysis and Recommendations: The EUR/GBP dipped 11 points as the euro got hit hard after France closed its borders after Friday night’s massive terror attacks. The pound declined a bit in sympathy.

AUD/USD

Technical Reports

 

AUD/USD Forecast November 17, 2015, Technical Analysis
The AUD/USD pair fell a bit during the course of the session on Monday, as we continue to see weakness in the Australian dollar overall.

AUD/USD Forex Technical Analysis – November 16, 2015 Forecast
The AUD/USD finished slightly lower on Friday, but higher for the week. Last week’s price action was driven by technically oversold conditions and a stronger than expected Australian labor report.

Fundamental Reports

 

AUD/USD Fundamental – November 18, 2015 - Forecast
Analysis and Recommendation: The AUD/USD dipped another 13 points to trade at 0.7084 as the US dollar continued to rally as a safe haven although markets remain a calmer than expected.

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