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  1. #251
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    Daily Market News by Xtreamforex.com
    Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair

    EUR NZD


    The EUR traded higher against the NZD and closed at 1.7028.

    The pair formed a Motherbar Insidebar
    The pair is stalling @ yearly Pivots
    The yearly Pivots is same as Previous Quarter Pivot
    The pair is stalling @ Resistance Quarter
    The Pair is forming Series of HH and HL

    Scenario
    1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend
    2- A break below MResQ1 may lead the pair downward

    According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.

    EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.

    GBP CHF

    The GBP traded higher against the CHF and closed at 1.315.

    The pair formed a Motherbar Insidebar.
    The pair is stalling @ Res1 yearly Pivots.
    The pair is stalling @ Resistance1 Quarter.
    The Pair is forming Series of HH and HL.

    Scenario
    1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
    2- A break above MResQ1 may lead the pair UP.

    According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.

    GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.

    NZD CAD

    The NZD traded lower against the CAD and closed at 0.8853.

    The pair formed a Motherbar Insidebar.
    The pair is stalling @ Res1 yearly Pivots.
    The pair is stalling @ support 1 Quarter.
    The Pair is forming Series of LH and LL.

    Scenario
    1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
    2- A break above high of Motherbar then may lead the pair UP.

    According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.
    Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair

    Watch this on our YouTube channel:- Whats on the Screen Today | May 13, 2019 - YouTube

  2. #252
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    Technical Overview of EUR/JPY and EUR/NZD Currency Pair

    EUR JPY

    The EUR traded lower against the JPY and closed at 122.724.

    1 - Formed a Motherbar Inside bar @ D1.
    2 Broke the Quarterly Pivot to the down side.
    3 - Making a series of LH and LL.
    4 - Main Trend Down.

    Break above 127 Extension may form a Bullish Momentum.
    Break below 127 Extension may form a Bearish Momentum.

    According to the Analysis, The pair is expected to find support at 122.518, and a fall through could take it to the next support level of 122.311. The pair is expected to find its first resistance at 122.944, and a rise through could take it to the next resistance level of 123.163.

    EUR JPY Previous Day range was 4260 and Current Day Range is 5250.

    EUR NZD

    The EUR traded higher against the NZD and closed at 1.7093.

    1 - Formed a Motherbar Inside bar @ D1.
    2 - Stalls at the Yearly Pivot.
    3 - Making a series of HH and HL.

    Break above 127 Extension may form a Bullish Momentum
    Break below 127 Extension may form a Bearish Momentum

    According to the Analysis, The pair is expected to find support at 1.70420, and a fall through could take it to the next support level of 1.69906. The pair is expected to find its first resistance at 1.71337, and a rise through could take it to the next resistance level of 1.71740.

    EUR NZD Previous Day range was 91.7 and Current Day Range is 33.6.

    Fundamental Events over Night

    1 - The dollar held near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields.
    2 - Pound falls below $1.28 as pressure builds on May to go.
    3 - The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday.

  3. #253
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    Default Technical Overview of GBP/JPY and GBP/USD Currency Pair

    GBP JPY
    The GBP traded higher against the JPY and closed at 139.972.

    The Pair formed
    1 - Formed a Motherbar Inside bar @ D1.
    2 - Stalls at the Yearly Support.
    3 - Making a series of LH and LL.
    Break above 127 Extension may form a Bullish Momentum.
    Break below 127 Extension may form a Bearish Momentum.

    Currency Strength Meter shows that JPY is the weakest for now.

    According to the Analysis, The pair is expected to find support at 139.595, and a fall through could take it to the next support level of 139.215. The pair is expected to find its first resistance at 140.420, and a rise through could take it to the next resistance level of 140.869.

    GBP JPY Previous Day range was 8250 and Current Day Range is 4340.

    GBP USD
    The GBP traded lower against the USD and closed at 1.2721.

    The Pair formed
    1 - Formed a Motherbar Inside bar @ D1
    2 - Stalls at the Yearly Support and The Quarter Support
    3 - Making a series of LH and LL

    Break above 127 Extension may form a Bullish Momentum.
    Break below 127 Extension may form a Bearish Momentum.

    Currency Strength Meter shows that GBP is the Strongest for now

    According to the Analysis, The pair is expected to find support at 1.27044, and a fall through could take it to the next support level of 1.26881. The pair is expected to find its first resistance at 1.27470, and a rise through could take it to the next resistance level of 1.27733.

    GBP USD Previous Day range was 42.6 and Current Day Range is 15.6.

    Fundamental Overview
    POUND: Faces the biggest Weekly drop of the year 2019.
    AUD/USD drops 20 pips after RBA minutes talk of rate.
    AUD/JPY weakens to revisit 76.00 as RBA minutes seem dovish.

  4. #254
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    Technical Overview of USD/JPY, EUR/AUD and EUR/JPY Currency Pair

    USD JPY

    The USD traded higher against the JPY and closed at 110.345.

    1- In past it formed a Motherbar Insidebar after a decline of 296 pips, It was in a phase of Accumulation.
    2 - Now its above the 60/80 Ema.
    3 - Here again it formed a Motherbar Insidebar.
    4 - Making a series of HH and HL.
    5 - 5 Day ADR High is 110.84 and Low is 109.76 , Roughly 110 pip.
    6 - Its above the Quarter and Year Pivot and is stalling @
    a- 5 Day ADR High
    b- Middle Support –1 Month
    C- High of the motherbar/insidebar

    Break above the 127 Extension of the motherbar high may trigger buying opportunities
    Alternatively
    Break of the Lower ADR value may resume the previous trend.
    According to the Analysis, The pair is expected to find support at 110.182, and a fall through could take it to the next support level of 110.018. The pair is expected to find its first resistance at 110.566, and a rise through could take it to the next resistance level of 110.786.

    USD JPY Previous Day range was 3840 and Current Day Range is 2370.

    EUR AUD

    The EUR traded higher against the AUD and closed at 1.6201.

    I have been watching this pair since 4 days as it has many aspects laying inside it

    1 - Making a series of HH and HL
    2 - Formed a Motherbar Inside bar @ D1
    3 - In confluence with
    Quarter Pivot
    Yearly and Quarter Resistance
    5 DAY ADR
    4 - Formed a Support Trend Line

    Break above 127 Extension may form a Bullish Momentum.
    Break below 127 Extension may form a Bearish Momentum.

    According to the Analysis, The pair is expected to find support at 1.61838, and a fall through could take it to the next support level of 1.61670. The pair is expected to find its first resistance at 1.62278, and a rise through could take it to the next resistance level of 1.62550.

    EUR AUD Previous Day range was 44 and Current Day Range is 39.4.

    EUR JPY

    The EUR traded lower against the JPY and closed at 123.03.

    EURJPY what is this Pair upto?

    1 - In past it formed a Motherbar Insidebar after a decline of 296 pips.
    2 - Now its above the 60/80 Ema.
    3 - Here again it formed a Motherbar Insidebar.
    4 - Making a series of HH and HL.
    5 - 5 Day ADR High is 123.63 and Low is 122.39, Roughly 150 pip.
    6 - It stalling @ Quarter Pivot &
    a - 5 Day ADR High
    b - Middle Support –1 Month
    C - High of the mother bar/in side bar

    Break above the 127 Extension of the mother bar high may trigger buying opportunities
    Alternatively
    Break of the Lower ADR value may resume the previous trend.

    According to the Analysis, The pair is expected to find support at 122.837, and a fall through could take it to the next support level of 122.645. The pair is expected to find its first resistance at 123.362, and a rise through could take it to the next resistance level of 123.695.

    EUR JPY Previous Day range was 5250 and Current Day Range is 2890.

  5. #255
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    Default Technical Overview of EUR/AUD Currency Pair

    EUR AUD

    The EUR traded higher against the AUD and closed at 1.6201.

    I have been watching this pair since 4 days as it has many aspects lying inside it.

    1 - Making a series of HH and HL.
    2 - Formed a Motherbar Inside bar @ D1.
    3 - In confluence with.
    Quarter Pivot
    Yearly and Quarter Resistance
    5 DAY ADR
    4 - Formed A Support Trend Line.

    Break above 127 Extension may form a Bullish Momentum.
    Break below 127 Extension may form a Bearish Momentum.

    According to the Analysis, The pair is expected to find support at 1.61709, and a fall through could take it to the next support level of 1.61406. The pair is expected to find its first resistance at 1.62347, and a rise through could take it to the next resistance level of 1.62682.

    EUR AUD Previous Day range was 63.8 and Current Day Range is 61.3.

    Fundamental Overview

    Market is Over Extended
    1 - We may see a Weakness in GBP as 3 of its High Impact news are not in a positive zone.
    2 - Westpac Now Forecasts 3 RBA Interest-Rate Cuts in 2019.
    3 - It confirmed that market is in a state of Risk Aversion/Risk Off.

  6. #256
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    Default Technical Overview of GBP/USD Currency Pair

    GBP USD

    The GBP traded higher against the USD and closed at 1.2711.

    1) The pair closed in its weekly value areas.
    2) A bullish sentiment after test of the VPOC may take the market upwards to the VPOC of last week and last 5th week.
    3) Pair is in between its 5 DAY ADR levels.
    4) Pair is continuously making high volume candles.
    5) Breakout zones are drawn on chart.

    According to the Analysis, The pair is expected to find support at 1.26608, and a fall through could take it to the next support level of 1.26110. The pair is expected to find its first resistance at 1.27464, and a rise through could take it to the next resistance level of 1.27822.

    GBP USD Previous Day range was 85.6 and Current Day Range is 29.6.

    Fundamental Overview

    1 - GBP/USD - Boosted Slightly After PM May Resigns.
    2 - GBP: Time To Start Trimming Shorts, adding long GBPCHF.

    For Detailed Technical Analysis Visit our YouTube Channel.
    Attached Images Attached Images

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    Default Technical Overview of USD/JPY and EUR/AUD Currency Pair

    Technical Overview of USD/JPY and EUR/AUD Currency Pair

    USD JPY

    The USD traded lower against the JPY and closed at 109.483.

    1) Pair stalls between the quarter and year pivot.
    2) Keep in mind that market is in RISK AVERSION.
    3) Breakout of 127 extension may lead the pair to a short trend.

    According to the Analysis, The pair is expected to find support at 109.314, and a fall through could take it to the next support level of 109.144. The pair is expected to find its first resistance at 109.618, and a rise through could take it to the next resistance level of 109.752.

    USD JPY Previous Day range was 3040 and Current Day Range is 2010.

    EUR AUD

    The EUR traded lower against the AUD and closed at 1.6176.

    1) PIVOT support line broken.
    2) Market is below the golden cross EMA.
    3) 127 Extensions level may decide the move direction.

    According to the Analysis, The pair is expected to find support at 1.61570, and a fall through could take it to the next support level of 1.61376. The pair is expected to find its first resistance at 1.61917, and a rise through could take it to the next resistance level of 1.62070.
    EUR AUD Previous Day range was 34.7 and Current Day Range is 47.

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