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Analysis For Major Pairs
#31
[Image: usdjpy-d1-instaforex-group.png]

USD/JPY remained on lower note so far this week taking into the uncertainty over Dollar, it’s likely to remain on same levels due to the no clarity, but might just get pushed slightly higher on the play but it still remains very much neutral.
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#32
[Image: eurjpy-d1-instaforex-group-2.png]

EUR/JPY has been strongly bearish this week with Euro really taking a big hit and is likely to stay on same lines. Its good chance for short, but the pair has already dropped a lot, so pull back will be good time to enter again.
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#33
[Image: eurusd-d1-instaforex-group-2.png]

A further gain of 0.6% for this pair was quite good but not spectacular as the price did not break out of the narrow range and the 1.0820-1.0830 proved a tough resistance. Major risk event last week was for legislating new Health care bill coming after the FED hike move. USD seems to be in retreat and might be further squeezed if the risk-off theme continues next week too!
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#34
[Image: gbpusd-d1-instaforex-group.png]

This week was mostly spent on speculating whether Obamacare would be repealed or not and a new bill introduced in USA. But the bill failed as the vote was withdrawn and the next target seems to be tax reforms. On the economic front, FED might watch economic data’s and take a decision for its next hike, if any! GBP traders would arguably focus on the aftermath of triggering of Art 50 detaching UK from EU formally!
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#35
[Image: usdjpy-d1-instaforex-group-3.png]

This pair was down by little more than 200 pips from the highs of the week before recovering a little mainly on the back of no passage of new healthcare bill in USA which reduced the uncertainty to some extent! But the battle is still not over as investors would be keenly monitoring the developments and won’t be pushing the price too high unless they get favourable conditions. So this is going to be wait-and-watch before price moves in the direction of strong trend.
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#36
[Image: audusd-d1-instaforex-group.png]

Another week of souring investing sentiment primarily on the back of USA’s Health Care Reforms saw the financial markets in turmoil with the US assets under pressure. Continued uncertainty or non-clarity on the subject might further compound the problem and would further pressurize the assets. So the next few weeks would keenly watched by investors for further clues. Of course, all other factors would also apply and one would really have to wait and see.
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#37
[Image: nzdusd-d1-instaforex-group-2.png]

Last week saw some major events like NFP which was dud and the FOMC minutes also sounded caution! Trump-Xi meeting ended with nothing much of significance than widely anticipated. Of course, the risk-off event set by bombing of Syria by USA was a sour part which did not do the financial markets any good, even though the markets recovered well enough and even erased all the losses! Nothing much to look for the next week though traders would be looking for further clues.
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#38
[Image: audusd-d1-instaforex-group.png]

This pair could not really take off to the upside once the pair opened for the week. There was continued slide and further losses are expected, more so if the risks of geo-political war & its fallout is not contained. AUD would then become vulnerable despite being a high yielder! But that remains to be seen but as of now traders might not be taking too much risks! So one can expect side-ways trading unless a big event happens!
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#39
[Image: usdchf-d1-instaforex-group.png]

The pair was on the rise the whole week despite questionable USD’s strength based on economic factors. The risk-off theme in the market also did not seem to affect the pair much. This might be even some false price movement and in the event of really big disaster the price would really reverse leaving the longs vulnerable! There are still uncertainties in US fiscal policies, FED policies, war front in Syria and the likes which should keep the USD under check!
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#40
[Image: usdcad-d1-instaforex-group-2.png]

The pair started off of at 1.3319 and ended at 1.3405. So it was a week of continued gain which weathered even poor USD moves. What happens from here remains to be seen but there might be upside risks if the market sentiment improves and if there is continued support to USD from economic data along with FED/Federal govt policies. But still caution is needed as price can reverse anytime due to one big event!
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