Monday, August 21, 2017
GBP/USD

technical analysis of meme eur

From Today TradeLikeJarvis.com will offer daily Forex technical analysis for every currencies and commodities.

Present situation of the EURO is illustrated in the following:

EURO Suicide

Analysis of Currencies and Commodities:

Date: 20th Jan, 2015

List of Currency analysed:

  1. EUR VS USD
  2. GBP VS USD
  3. USD VS CHF
  4. USD VS JPY
  5. AUD VS USD
  6. USD VS RUB

FX Technical analysis of EUR VS USD:

eur usd technical analysis forex

Have a deep look at the chart above, Euro seems goes downwards from the start of the day. However initial downward movement is very fast, it becomes stabilize in the middle. It flattens at the level of 1.2500 to 1.2400. This stabilization saves Euro to avoid reaching the lowest position.

Then the downward movement takes acceleration to reach the level of 1.1590. If the stabilization doesn’t takes place, Euro may reach less than 1.1000. This downward movement of EURO is due to the pressure of ECB’s quantative easing program.

As ECB is going to announce the Outright Quantative Easing Program, investors expects a deflations in EURO.

Technical Analysis of GBP VS USD

gbp_usd_great britian pound united states dollar

Look at the Chart above, Our team thought that, GBP will have a descending movement and reach the lowest level of 1.5040.

But our instinct failed and GBP had ascending movement, which is good for investors who play with GBP. It reached the level of 1.5073. Following  graph shows the current movement of GBP. It gains a huge ascending movement and reached the same level of 1.5168.

gbp usd (growth) great britian pound united states dollar

 

Technical Analysis of USD VS CHF

USD VS CHF technical analysis

 

Using bloomberg chart, we are analysing that USD starts with a steady level of 0.8798 at the morning.

After 5am in the early morning, USD starts moving downwards and reached lowest level of 0.8700. Our expectation is that, soon USD will have upward movement and reach the level that started today.

Technical Analysis of USD VS JPY

USD VS JPY technical analysis

 

Today USD got great ascending wave and grow exponentially with few downward movement. But that downward movement is too lengthy. USD started with the lowest level of 117.20 and its now reached the level of 118.69. Its expected that it’ll move upward today.

Technical analysis of AUD VS USD

AUD VS USD technical analysis

See the chart above, you will notice the huge fluctuation in AUD level.

Today AUD started at the level of 0.8220 and saw some downward movement in the beginning. But it got slight ascending movement to reach the level it started.

Then AUD got huge downward wave to reach the level of lowest 0.8160, however it didn’t lost for long interval. It reached the same level of 0.8210 by getting good upward swing. We expect that AUD will reach 0.8190.

Technical analysis of USD VS RUB

usd_rub_technical analysis jan 20 2015

 

As you can see in the above chart, Ruble consistently move steadily in the linear flow. We thoughts it will reach the level of 44.00, but we hope that it will have some upward movement.

500_Euro_Banknoten_GBP_USD

 

GBP VS USD:

Today(9th Jan, 2015) the U.K pound rose against American dollar(USD) after struggling 18months of being lowered.!!

This was because of the release of data released by U.K. office for National Statistics.

Report of U.K. office for National Statistics

UK Office for national statistics

They said that their manufacturing production beat the expectation of 0.3% gain by achieving 0.7% gain. This is really an awesome report for investors.

On the other hand, U.K. industrial production failed to achieve the excepted gain of 0.2%, however they could achieve 0.1% in November. When comparing this to October data, its much better.

USD stand steadily with the help of Jobless Labor report

Thrusday Department of labour announced that the jobless claims just near the expected value of 290,000. This boosted the support of USD over GBP. This also increased the expectations among the people for the government’s nonfarm payrolls readings.

Also for your information, Sterling was also stand much higher against the euro, with EUR/GBP edging down 0.17% to 0.7803.

Markit and the Chartered Institute of Purchasing & Supply Report:

The report from Markit and the Chartered Institute of Purchasing & Supply announced their construction PMI(Purchasing Managers Index) highly reduced in Novemeber. Also the analyst expected to fall in December to 58.5.

FYI: Purchasing Managers Index(PMI)

Purchasing Managers Index(PMI) is an indicator used measuring the economic health of the manufacturing sector. The PMI index is calculated based on five major indicators:

They are

  • New orders
  • Inventory level
  • Production
  • Supplier deliveries
  • Employment environment.

The pound remained under pressure after data on Tuesday showed that the Markit/CIPS Services Purchasing Managers Index decreased to 55.8 last month from a reading of 58.6 in November. Analysts had expected the index to dip to 58.5 in December.

The report came a day after Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction PMI declined to a 17-month low of 57.6 last month.

Single Currency Pressure:

European Central Bank President Mario Draghi said that the mandate of price stability is higher not fullfilling and its not like six months ago. This statement leads to selling pressure of single currencies.

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