Technical analysis of USD/CAD for January 4, 2019
2019-01-04
Overview:
The USD/CAD pair continues to move downwards from the zone of 1.3665 and 1.3600. This week, the pair dropped from the level of 1.3665 to 1.3435 which coincides with a ratio of 61.8% Fibonacci on the daily chart. Today, resistance is seen at the levels of 1.3525 and 1.3450. So, we expect the price to set below the strong resistance at the levels of 1.3665 and 1.3600; because the price is in a bearish channel now. The RSI starts signaling a downward trend. Consequently, the market is likely to show signs of a bearish trend. So, it will be good to sell below the level of 1.3435 with the first target at 1.3288 and further to 1.3200 in order to test the weekly support. If the USD/CAD pair is able to break out the daily support at 1.3435, the market will decline further to 1.3288 to approach support 1 today. However, the price spot of 1.3665 and 1.3600 remains a significant resistance zone. Thus, the trend is still bearish as long as the level of 1.3435 is not breached
Technical analysis of NZD/USD for January 4, 2019
2019-01-04
Overview:
The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is still signaling that the trend is upward as it is still strong above the moving average (100). Besides, note that the pivot point is seen at the point of 0.6882. This suggests that the pair will probably go up in the coming hours. Accordingly, the market is likely to show signs of a bullish trend. In other words, buy orders are recommended to be placed above 0.6800 with the first target at the level of 0.6882. From this point, the pair is likely to begin an ascending movement to the point of 0.6882 and further to the level of 0.6984. The level of 0.6984 will act as strong resistance. On the other hand, if there is a breakout at the support level of 0.6705, this scenario may become invalidated.
EUR/USD analysis for January 04, 2019
2019-01-04
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1410. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and above the daily pivot, which is a sign that buyers are in control. I also found that triple top pattern (bullish), which is another sign of strength. Watch for buying opportunities. The upward targets are set at the price of 1.1440 (R1) and at the price of 1.1486 (R2).
GBP/USD analysis for January 04, 2019
2019-01-04
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2690. According to the H1 time – frame, I have found that price is trading above the 3-moving averages, which is a sign that buyers are in control. I also found that AO oscillator and AC oscillator are showing reading above the zero, which is another positive sign for further upward movement. The Asian session showed a neutral tone but the the European session is showing strength. Watch for buying opportunities. The upward targets are set at the price of 1.2720 and at the price of 1.2760.
Author's today's articles:
Mourad El Keddani
 Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development). Languages: Arabic, English, French and Dutch. Interests: Algorithm, Graphics, Social work, Psychology and Philosophy.
Petar Jacimovic
 Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
Subscription's options management Theme's:
Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets
Author's :
Alexandros Yfantis, Arief Makmur, Dean Leo, Michael Becker, Mohamed Samy, Mourad El Keddani, Petar Jacimovic, Rocky Yaman, Sebastian Seliga, Torben Melsted
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