layer1-background
Don't ask why - just push the button
when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
layer1-background
Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
layer1-background
Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst
Monday, 27 February 2017 09:39

USD/CAD Next Target to Watch 1.3160

Published in Forex

USD/CAD is currently traded just above the support zone at 1.3087, after last week’s test and strong rebound from the key level at 1.3054. For the moment, we would expect some bullish bias raising the pair towards the 1.3160 resistance level.

In the opposite scenario, if the U.S dollar wins over the Canadian dollar and the pair drop below the 1.3045 support level, the next target would 1.2968 strong support barrier.

From the technical point of view, the last cross of the 50-SMA and 100-SMA on the 4-hour chart is supporting the bias for rising. RSI is sloping up attempting to reach 50 level.

USDCADH427.02.2017.png

Monday, 27 February 2017 09:08

AUD/USD To Test Again 0.7740

Published in Forex

The AUD/USD currency pair is forming a range limited by 0.7660 from the downside and 0.7740 from the upper side. In general, the uptrend in the pair is still in force, but the inability to break the upper resistance level after two failed attempts slowed the upward momentum of the pair and thus we expect the pair to test the 0.7660 support level again before it rebounds upward to test the 0.7660 strong resistance level again.

On the other hand, if the U.S. dollar gains momentum and the AUD/USD drops below 0.7595, the next target will be 0.7515. Moreover, this may be the first sign of uptrend reversal.

The 50, 100 and 200 SMAs on the 4-hour chart are still supporting the uptrend momentum. MACD is flat on the zero line, while RSI is breaking over the 50 level signalling continuation of the uptrend for now. 

AUDUSDH4.27.02.2017.png

Published in Forex

GBP/USD consolidates just above the mid support 1.2545 after yesterday’s sterling rising against the dollar with about a cent reaching our recommended target and closing a position with gains of 100 pips (please see technical analysis here: http://bit.ly/2l6vR0J).

We expect that the bullish bias will sustain as it looks overall prevail on the market and we would like to stay on the long side of this pair. We expect that new buy positions from the current price until the 1.2670 level, will be profitable. In opposite scenario, if the dollar start rising, and the price fell down below 1.2480, the forecast for rising will not be valid anymore and then we may see movement towards support 1.2420.

Technical indicators support the bullish attitude on the price. The 3 SMAs with 50, 100 and 200 periods, on the 4-hour chart, are below the price adding to the odds for new possible rising. MACD is rising while RSI keeps advancing and approaches the level of 70.

GBPUSDH424022017.png

Friday, 24 February 2017 08:39

EUR/USD is Meeting The Falling Trendline

Published in Forex

The most traded pair, EUR/USD, edged higher yesterday towards the falling trendline began on February 2, 2016, and the 50-SMA on the 4-hour chart, which coincides with 1.0590 significant barrier. A battle is taking place over there between the bulls and the bears. As we have no signs of a trend reversal, we believe that bears will take over the pair and push it downwards to the 1.0500 – 1.0520 significant support zone.

However, if the bulls manage to overcome these obstacles to the upside (50-SMA on the 4-hour chart, 1.0590 and the falling trendline), we would expect EUR/USD to surge until the 200-SMA near 1.0680 level. Technical indicators are bullish, showing that the pair may rise a beat more until the downtrend line before it will continue its falling move or lead to our second scenario. MACD is rising towards the zero level and above its trigger line while RSI just passed above 50 level and is rising with weak momentum.

The sterling has been the best performing currency on Thursday following an upbeat surprise from the CBI realised sales report. The retail sales had a robust increase of 9% in February versus a decrease of 8% the month before, while the market was expecting them to remain flat. The indicator signalled a recovery of the consumer spending in the second month of the year, which is a significant indication of the economy that may face soon a hard Brexit.

EURUSDH424022017.png

Friday, 24 February 2017 08:38

USD/JPY is Sloping Down

Published in Forex

The USD/JPY currency pair lost positions on Thursday due to the comment of U.S. Treasury Secretary Mnuchin and worries over the possible impact on the market after the next Fed interest rate decision. The bears led the pair to form a downtrend channel which will probably continue developing. USD/JPY is currently trading just over the 112.58 support level and we expect that in the short term new sell-offs will push the price down to 111.56 key level. In opposite scenario, if the price breaks over 114.05, we may see the price rising towards resistance barrier at 114.95.

The price is below both the 50 and 100-period SMAs on the 4-hour chart, but their latest cross is signalling for long. MACD is declining, adding to the odds for a new possible decline as well as RSI which is sloping down approaching the 30 level.

USDJPYH4.24.02.2017.png

Published in Daily Market Report

The U.S. dollar and the euro were traded quietly on Thursday, closing the trading session marginally below their opening levels. However, the British pound surged against all the majors, and GBP/USD jumped 100 pips meeting our suggested target.

Published in Stocks

Siemens AG listed on Xetra (SIE.D on our platform) is trading just above the support at €123.20. The tendency of the stock is strongly up and we expect during the next days that the price will continue rising with first target the high recorder on Tuesday, February 21, 2016, at €125.16. If it surpasses that level, the stock may try out to reach €127.00. In opposite scenario, a decline below €122.60 may increase the pressure on the stock until the €118.30 support barrier.

A look at the technical indicators shows that all the three SMAs with 50, 100 and 200 periods on the 4-hour chart are below the price and also showing nice slopes up adding to the bias that the stock is trending up and will continue rising. MACD is rising and confirms the expectation for long. RSI is slightly sloping up adding to the forecast for rising as well. 

SIE.DH423022017.png

Thursday, 23 February 2017 09:09

EUR/USD Keeps Its Downtrend Momentum

Published in Forex

The EUR/USD pair has been a downtrend since early in February, and we have no signs of a trend reverse. The pair had two failed two attempts to penetrate below the 1.0500 – 1.0520 significant support zone and we may see soon another one, as we expect the pair to extend its losses until the 1.0500 strong level.

However, bulls manage to push the pair above the 1.0590 and the falling trendline, will probably see a rise until the 1.0680 resistance barrier. The stochastic oscillator just had a bullish cross below its slow SMA, in the overbought area, showing signals to drop below the 80 level. The MACD oscillator is falling in the negative territory.

EURUSDH423022017.png

Thursday, 23 February 2017 09:07

GBP/USD on a Bullish Bias

Published in Forex

The currency pair has been trading in range during the yesterday’s trading session, between the 1.2420 support level and hardly below 1.2500. Today, we are still on a similar stage, however, the support level at 1.2420 which coincides with the 200-SMA on the 4-hour chart, are providing support the pair the last hours and may hold until the bulls take over and push the pair higher.

We would expect in the next hours that the price to bounce from that supportive level and move towards 1.2515, which is the upper frontier of the choppy market. In this case, our target would be 1.2545. On the other side, it the pair drops below 1.2340, it will change drastically the picture on the market. The price most likely will move down to 1.2250.

Currently, the price is just above the 200-SMA on the 4-hour chart and below the 50-SMA and 100-SMA, which is defining the choppy trading. MACD is developing flat on the zero line with no signal while RSI is advancing slightly to 50 level supporting the bias for long.

GBPUSDH4.23.02.2017

Thursday, 23 February 2017 09:04

USD/JPY May Rebound on Rising Trendline

Published in Forex

Japanese yen was moving the pair during Wednesday’s trading session as the U.S. dollar was out of steam. The USD/JPY pair found support on the rising trendline near 112.80 and tempted to advance again to cover its previous losses. Most probably the bulls will come back soon and push the pair higher towards the 113.75 resistance level which is not expected to hold. If the price manages to surpass the aforementioned level, the way towards the next key level 114.95 will be opened.

On the other hand, if the bears pull the pair below the rising trendline and the 112.58 support level, we will probably see a drop until the 111.56. MACD is flat on zero line and does not show any signal. RSI is slightly rising, adding to the bias for rising.

USDJPYH4.23.02.2017.png

Page 1 of 315

Risk Disclosure

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. Please ensure that you fully understand the risks involved.

Risk Disclosure

Risk Warning:

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. JFD Brokers offers trading on margin. The leverage created by trading on margin can work against you as well as for you. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. JFD Brokers assumes no liability for errors, inaccuracies, or omissions of the herein presented material. JFD Brokers does not guarantee the accuracy or completeness of the information, text, graphics, links or other information contained in this document.Seek independent advice if necessary and review our Risk Disclosure and Privacy Disclosure before opening an account. Copyright © 2012 JFD Brokers Ltd.
 
JFD Brokers Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd. is registered with the German Federal Financial Supervisory Authority - Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013) and is MiFID compliant under the Investment Services and Regulated Market Law of 2007 (Law number: 144(I)/2007). JFD Brokers Ltd. is licenced to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients) and Portfolio Management in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Brokers Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments.
www.jfdbrokers.com is owned and operated by JFD Brokers Ltd., Cyprus.
 
Unsupported Browser!

We have detected that you are using Internet Explorer 7, a browser version that is not supported by this website. Internet Explorer 7 was released in October of 2006, and the latest version of IE7 was released in October of 2007. It is no longer supported by Microsoft.

Continuing to run IE7 leaves you open to any and all security vulnerabilities discovered since that date. In 26 February 2013, Microsoft released version 10 of Internet Explorer that, in addition to providing greater security, is faster and more standards compliant than versions 7, 8, and 9 that came before it.

We suggest installing the latest version of Internet Explorer, or the latest version of these other popular browsers: Firefox, Google Chrome, Safari