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Analysis For Major Pairs
#41
[Image: gbpusd-d1-instaforex-group-2.png]

The high of the week was 1.2988 and the low was 1.2845. So there was enough price movement though the price held below the opening price. So one can say it was quite good movement as there was BoE Interest Rate decision which was on the dovish side helping the pair go down, though later near the weekend the price did recover some due to weak USD data.
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#42
[Image: usdjpy-d1-instaforex-group.png]

The high of the week touched was 114.37 and the low was 112.40, so a move of nearly 200 pips up from the lows and then back down by half! So it provided good intra-day moves to trade. The next big risk event is the FED meet next month in June where the decision to hike or not would be taken which would impact the pair significantly. Till then it would be simply a time for consolidation.
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#43
[Image: nzdusd-d1-instaforex-group.png]

The high of the week for this pair was 0.6952 and the low was 0.6827. The commodity prices were soft too which had its impact on NZD which is a commodity linked currency apart from RBNZ triggered price down. So there was enough action for this pair resulting in bigger volatility. The coming week is not expected to provide any action and the cues would come from other financial markets too.
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#44
[Image: usdchf-d1-instaforex-group.png]

If you see the price action for the last week, the high was quoted around 1.0096 and the low around 0.9873. So there was enough volatility to take advantage of. The French election results might also have played its part in the relief rally in the CHF and JPY pairs which are considered safe-haven currencies. One can expect some range bound trading next week as there is not much data release from either side.
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#45
[Image: usdjpy-d1-instaforex-group.png]

This pair started the week at 110.41 with a high of 110.73 and a low of 109.12 and subsequently ending at 110.33. So no change in the price for the week though there were some ups/downs reacting to the news/events of the week. JPY is safe-haven currency and strengthens when market sentiment turns sour. The recovery for this pair is quite shallow and needs a big event/catalyst to push for a sustained momentum.
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#46
[Image: audusd-d1-instaforex-group.png]

The pair closed at 0.7530 up from 0.7443 with an increase of about 1.17%; so it was definitely a good week for aussie or AUD. There were some highs and lows of 0.7568 and 0.7422 which provided for some volatility and opportunity to trade this pair. So AUD was extending gains on USD across multiple time frames like MoM, YoY. Further gains are expected but USD might spring back too with rate hike and good data’s!
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#47
[Image: nzdusd-d1-instaforex-group.png]

Nearly 1% gain was managed last week when the price closed at 0.7212 from 0.7143. NZD like AUD also made gains across various time frames with gain over USD like weekly, monthly and yearly, etc. So NZD was really a star performer, so to speak. But whether such gains would be managed further remains to be seen! Cause of optimizing is there but obviously one needs to be alert too!
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#48
[Image: usdchf-d1-instaforex-group.png]

The pair opened at 0.9626, reaching a high of 0.9728, a low of 0.9614 and finally closed at 0.9694. The gain of around 0.7% is not much but given the prevailing conditions in regards to USD, this is very much healthy. Now traders are waiting for FED and SNB interest rate decisions and if there are any contradictory moves then the corresponding currency would suffer.
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#49
[Image: usdcad-d1-instaforex-group.png]

The pair opened the week at 1.2878 and closed at closed at 1.2648 with plenty of actions but primarily on the sell side of this pair. The main moved undoubtedly was CAD which was the star performer against USD on back of rate hike by BoC. One might expect continued weakness for this pair or strengthening CAD, more so if the USD continues to be weak.
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#50
[Image: usdcny-d1-instaforex-group.png]

The loss of nearly 0.4% for this pair is not much given that the pair is strictly monitored from one side by the Central bank of China. So one can expect only very tight range for this pair and not deviate too much from what the China actually wants which is to keep Chinese Yuan quite balanced but on a lower side a bit. So any further devaluation or strengthening would mostly happen within the tight range.
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