Showing posts with label forex recommendation. Show all posts
Showing posts with label forex recommendation. Show all posts

Wednesday, June 22, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is currently trading with a decreasing upward momentum. Yesterday, the pair traded short as previously forecasted but could not hit our target support 1.1291. The previously daily candle is pretty much bearish and may lead to a rally to the lower side. Thus, we still expect further momentum to the lower side probably a break below 1.1291 is likely to push the price further to the lower side but should not go beyond 1.1142. We will only be interested in going long in case the pair clearly break above 1.1403. This pair should be traded alongside NZD/USD, AUD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.91 and will have a similar price action during this intraday.




RECOMMENDATION:
BUY GBPUSD ABOVE 1.4780 TGT 1.4800 1.4820 SL 1.4750
SELL GBPUSD BELOW1.4650 TGT 1.4630 1.4600 SL 1.4680

RECOMMENDATION:
BUY EURUSD ABOVE 1.1372 TGT 1.1392 1.1422 SL 1.1342

SELL EURUSD BELOW 1.1310 TGT 1.1290 1.1260 SL 1.1340

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Tuesday, June 21, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD wobbled on the market mood, suffering from the changing sentiment regarding the British EU Referendum. Apart from the event itself, we have key German surveys and PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A UK exit of the EU is also seen as a danger for the euro-zone. When opinion polls showed a stronger lead for the Leave campaign, the euro suffered. When the pound recovered, the euro followed. Elsewhere, inflation figures were confirmed at low levels for May but industrial output surprised to the upside. In the US, the Fed was certainly dovish, but the dollar weakness that followed did not last on its own, nor did the positive retail sales. The upcoming week will see the culmination in the UK, the euro-zone and for many other currencies as well.




RECOMMENDATION:
BUY GBPUSD ABOVE 1.4675 TGT 1.4695 1.4725 SL 1.4645
SELL GBPUSD BELOW1.4585 TGT 1.4565 1.4535 SL 1.4615

RECOMMENDATION:
BUY EURUSD ABOVE 1.1400 TGT 1.1420 1.1450 SL 1.1370

SELL EURUSD BELOW 1.1322 TGT 1.1302 1.1272 SL 1.1352

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Monday, June 20, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The dollar slipped lower against the euro and held steady near 22-month lows against the yen on Friday, as dowbeat U.S. data, as well as the Federal Reserve and the Bank of Japan’s decision to leave monetary policies unchanged continued to weigh on the greenback. EUR/USD edged up 0.17% to trade at 1.1244.Sentiment on the greenback remained vulnerable after the U.S. Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the week ending June 11 increased by 13,000 to 277,000.In addition, the U.S. Commerce Department said consumer prices rose 0.2% in May, compared to expectations for a 0.3% gain. Year-over- year, consumer prices were 1.0% higher last month, below expectations for a 1.1% gain.




RECOMMENDATION:
BUY GBPUSD AROUND 1.4190 TGT 1.4210 1.4140 SL 1.4160
SELL GBPUSD AROUND 1.4420 TGT 1.4440 1.4470 SL 1.4390

RECOMMENDATION:
BUY EURUSD AROUND 1.1160-1.1162 TGT 1.1182 1.1212 SL 1.1130

SELL EURUSD BELOW 1.1160 TGT 1.1140 1.1110 SL 1.1190

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Friday, June 17, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EURUSD bounced off the 1.120 support level and looks to be ranging within 1.130 and 1.120 levels. The minor resistance at 1.130 – 1.1285 was tested briefly yesterday with prices being rejected at this level. A break above 1.130 is required for EUR/USD to extend its gains towards 1.1380. To the downside, prices are likely to remain range bound above 1.1217 levels. A break below this support could see EURUSD test the lower end at 1.11430. We could, therefore, expect EURUSD to remain range bound in the near term with further gains or declines coming on a break of the respective resistance or support levels.




RECOMMENDATION:
BUY GBPUSD ABOVE 1.4192 TGT 1.4212 1.4142 SL 1.4162
SELL GBPUSD BELOW 1.4120 TGT 1.4100 1.4070 SL 1.4150

RECOMMENDATION:
BUY EURUSD ABOVE 1.1175-1.1177 TGT 1.1197 1.1227 SL 1.1145

SELL EURUSD BELOW 1.1160 TGT 1.1140 1.1110 SL 1.1190
  
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Thursday, June 16, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD rose considerably on Wednesday after the Federal Reserve held short-term interest rates steady and lowered its rate path outlook for each of the next two years. The currency pair traded in a broad range between 1.1190 and 1.1299 before settling at 1.1264 at the close of U.S. afternoon trading, up 0.0043 or 0.50% on the session. With the sharp gains, the euro closed above 1.11 versus the dollar for the ninth consecutive session. More broadly, the euro is relatively flat against its American counterpart over the last month, down 0.39% during that span. EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.




RECOMMENDATION:
BUY GBPUSD AROUND 1.4090 TGT 1.4110 1.4140 SL 1.4060
SELL GBPUSD AROUND 1.4300-1.4298 TGT 1.4280 1.4250 SL 1.4330

RECOMMENDATION:
BUY EURUSD ABOVE 1.1244 TGT 1.1264 1.1294 SL 1.1204

SELL EURUSD BELOW 1.1215 TGT 1.1195 1.1165 SL 1.1245

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Wednesday, June 15, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD bounced off one-week lows on Monday, as dollar sentiment remained weak ahead of a highly-anticipated interest rate decision from the Federal Reserve, when the U.S. central bank is widely expected to leave short-term rates unchanged. The currency pair traded between 1.1232 and 1.1303 before settling at 1.1292, up 0.0053 or 0.46% on the session. With the considerable gains, the euro ended a three-day losing streak against the dollar. Over the last month, the euro has been relatively flat against its American counterpart, down 0.75% during the period. More broadly, EUR/USD is up 4% since starting the year at 1.086.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.



RECOMMENDATION:
BUY GBPUSD ABOVE 1.4200 TGT 1.4220 1.4240 SL 1.4170
SELL GBPUSD AROUND 1.4265-1.4263 TGT 1.4245 1.4205 SL 1.4295

RECOMMENDATION:
BUY EURUSD ABOVE 1.1245 TGT 1.1265 1.1295 SL 1.1205
SELL EURUSD BELOW 1.1209 TGT 1.1189 1.1159 SL 1.1239 

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Tuesday, June 14, 2016

SGX IForex Recommendations : Epic Research Singapore

MARKET UPDATES :
The EUR/USD pair fell slightly during the course of the day on Friday, as we continue to grind lower. However, the markets have quite a bit of support below, especially considering that we have the massive impulsive candle from last Friday when the jobs number was so poor. Because of this, it is more than likely only a matter time before the buyers return to this marketplace. Short-term speaking, this market could drop down to the 1.12 level, but that should be where the buyers start to return to take advantage of value.EUR/USD is currently trading with a strong bearish bias. on 10th June 2016, this pair broke below a significant support level 1.1283 and is still pretty much bearish.


RECOMMENDATION :
BUY GBP/USD ABOVE 1.4183 TGT 1.4203 1.4233 SL 1.4153
SELL GBP/USD BELOW 1.4158 TGT 1.4138 1.4108 SL 1.4188

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Monday, June 13, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD fell sharply, erasing all of its gains from the previous session, as both Mario Draghi and George Soros voiced concern about the state of the euro area economy, as well as global economic conditions overall. The currency pair traded in a tight range between 1.1305 and 1.1416, before settling at 1.1318, down 0.69% on the session. Over a volatile last month of trading, the euro is still up by nearly 1% against the dollar. Despite Thursday’s considerable losses, the euro has still settled above 1.13 at the close of U.S. markets in six straight sessions.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.



RECOMMENDATION:
BUY GBPUSD ABOVE 1.4460 TGT 1.4480 1.4510 SL 1.4430
SELL GBPUSD AROUND 1.4555-1.4552 TGT 1.4535 1.4505 SL 1.4585

RECOMMENDATION:
BUY EURUSD AROUND 1.300 TGT 1.1320 1.1350 SL 1.1270

SELL EURUSD BELOW 1.1280 TGT 1.1260 1.1230 SL 1.1310

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Friday, June 10, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD extended recent gains to briefly clear 1.14 for the first time in three weeks, as the European Central Bank launched a comprehensive corporate bond buying program on Wednesday. The currency pair traded in a tight range between 1.1355 and 1.1410, before settling at 1.1396, up 0.0039 or 0.33%. With the slight gains, the euro posted its third straight win against the dollar and fifth over the last seven sessions. Since dipping below 1.11 in late-May, the euro has rallied by more than 2.3% against its American counterpart over the last week. EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4515 TGT 1.4535 1.4565 SL 1.4485
SELL GBP/USD BELOW 1.4435 TGT 1.4405 1.4375 SL 1.4465

RECOMMENDATION:
BUY EUR/USD AROUND 1.1218-1.1220 TGT 1.1240 1.1270 SL 1.1190

SELL EUR/USD BELOW 1210 TGT 1190 1160 SL 1240

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Thursday, June 9, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD inched up in cautious trade, as yields on German bunds sunk to an all-time record low while foreign exchange traders continued to react to nebulous comments from Janet Yellen on the possibility of a summer rate hike from the Federal Reserve.The currency pair traded between 1.1339 and 1.1380, before settling at 1.1357, up 0.02% on the session. EUR/USD has traded in a tight range in each of the last three sessions since surging nearly 2% last Friday after disappointing U.S. employment data increased the possibility that the Fed could take a June interest rate hike off the table. With the recent rally, the euro has nearly erased all of its losses from May's swoon when it fell from 9-month highs versus its American counterpart.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4580 TGT 1.4600 1.4630 SL 1.4550
SELL GBP/USD BELOW 1.4500 TGT 1.4480 1.4450 SL 1.4530

RECOMMENDATION:
BUY EURUSD AROUND 1.1327-1330 TGT 1.1350 1.1380 SL 1.1300
SELL EUR/USD AROUND 1.1410-1.1408 TGT 1.1390 1.1360 SL 1.1440

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Wednesday, June 8, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is subdued on Tuesday, continuing the lack of activity which marked the Monday session. The pair is trading at 1.1370. On the release front, German Industrial Production posted a gain of 0.8%, matching the forecast. There are no major US events on the schedule, so it could be another quiet day for EUR/USD.The euro is trading quietly after a closely-watched speech by Fed Chair Janet Yellen on Monday. Speaking at the World Affairs Council in Philadelphia, Yellen said she remained optimistic about the US economy and hinted that the Fed would raise interest banks, but crucially, she gave no indication as to when that might occur.




RECOMMENDATION:
BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670
SELL GBP/USD AROUND 1.4673-1.4670 TGT 1.4653 1.4623 SL 1.4703

RECOMMENDATION:
BUY EURUSD ABOVE 1.1365 TGT 1.1385 1.1515 SL 1.1335

SELL EUR/USD BELOW 1.1355 TGT 1.1335 1.1305 SL 1.1385

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Tuesday, June 7, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD inched up, as the dollar recovered from a mid-day swoon after Janet Yellen kept investors on their heels regarding the possibility of a summer interest rate hike with relatively neutral comments on the Federal Reserve's long-term path on Monday afternoon. The currency pair traded in a tight range between 1.1326 and 1.1393, before settling at 1.1357, up 0.0008 or 0.05% on the session. The euro extended gains from last Friday when it surged nearly 2% against the dollar following the release of the weakest U.S. monthly jobs data in nearly six years. With the slight gains, the euro remained near three-week highs against its American counterpart. EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.



RECOMMENDATION:
BUY GBP/USD AROUND 1.4365-1.4367 TGT 1.4387 1.4417 SL 1.4335
SELL GBP/USD BELOW 1.4352 TGT 1.4332 1.4302 SL 1.4382

RECOMMENDATION:
BUY EURUSD ABOVE 1.1350 TGT 1.1370 1.1400 SL 1.1320
SELL EUR/USD BELOW 1.1326 TGT 1.1306 1.1276 SL 1.1356

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Monday, June 6, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is unchanged on Friday, following slight losses in the Thursday session. The pair is trading at 1.1140. On the release front, German Final Services came in at 55.2 points, within expectations. Eurozone Final Services posted a reading of 53.3, slightly above the estimate. Eurozone Retail Sales came in at 0.0%. It’s a busy day in the US, with three employment indicators on the schedule – Average Hourly Earnings, Unemployment Rate, and Nonfarm Employment Change. The US will also publish ISM Non-Manufacturing PMI.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4510 TGT 1.4560 1.4600 SL 1.4460
SELL GBP/USD BELOW 1.4365 TGT 1.4315 1.4275 SL 1.4315

RECOMMENDATION:
BUY EURUSD ABOVE 1.1219 TGT 1.1239 1.1269 SL 1.1189

SELL EUR/USD BELOW 1.1192 TGT 1.1172 1.1042 SL 1.1222

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Friday, June 3, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The EURUSD pair opens today’s trading with more positivity to start the breaching process to 1.1196 resistance, and as we mentioned yesterday, breaching this level represents key factor to confirm the continuation of the bullish trend, opening the way to head towards our next main target at 1.1356.Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50 that carries the price from below now, conditioned by the price stability above 1.1170 and the most important above 1.1066. Expected trading range for today is between 1.1110 support and 1.1320 resistance.




RECOMMENDATION:
BUY GBP/USD ABOVE 1.4470 TGT 1.4490 1.4520 SL 1.4400
SELL GBP/USD BELOW 1.4418 TGT 1.4398 1.4368 SL 1.4448

RECOMMENDATION:
BUY EURUSD ABOVE 1.1219 TGT 1.1239 1.1269 SL 1.1189

SELL EUR/USD BELOW 1.1192 TGT 1.1172 1.1042 SL 1.1222

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Thursday, June 2, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD continues to have an uneventful week, as the pair trades at 1.1160 on Wednesday. On the release front, German Manufacturing PMI came in at 52.5 points, beating expectations. Eurozone Manufacturing PMI posted a reading of 51.5 points, matching the forecast. The US will also release a key manufacturing indicator, ISM Manufacturing PMI. The markets are expecting a weak reading of 50.5 in the April report. On Thursday, the ECB sets interest rates, while the US releases two key events – ADP Nonfarm Payrolls and Unemployment Claims.There were no surprises from the Eurozone manufacturing sector, which continues to show weak growth. German and Eurozone Manufacturing PMIs came in slightly above the 50 level, which separates contraction from expansion. German numbers have been mixed this week. German numbers have started the week with mixed results.




RECOMMENDATION:
BUY GBP/USD ABOVE 1.4446 TGT 1.4466 1.4496 SL 1.4416
SELL GBP/USD BELOW 1.4416 TGT 1.4396 1.4376 SL 1.4446

RECOMMENDATION:
BUY EURUSD ABOVE 1.1172 TGT 1.1192 1.1222 SL 1.1142

SELL EUR/USD BELOW 1.1145 TGT 1.1125 1.1095 SL 1.1175

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Wednesday, June 1, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The euro stayed supported above 10-week lows against the dollar on Tuesday after data showing that euro zone consumer prices remained in negative territory this month, though the rate of deflation eased.EUR/USD was last at 1.1131, holding above the 10-week trough of 1.1097 set on Monday.Eurostat reported that the flash estimate showed that consumer prices in the single currency bloc fell 0.1% on a year-over-year basis in May, in line with economists’ expectations after falling 0.2% in April.The European Central Bank targets inflation of close to, but just below 2%.The decline in inflation was due in large part to lower oil prices, Eurostat said.Energy prices fell by 8.1% in May from a year earlier, slowing from an 8.7% fall in April.Core inflation, which strips out energy and food costs, rose by 0.8% in May from 0.7% in April.



RECOMMENDATION:
BUY GBP/USD AROUND 1.4565-1.4568 TGT 1.4598 1.4628 SL 1.4535
SELL GBP/USD BELOW 1.4540 TGT 1.4520 1.4490 SL 1.4570

RECOMMENDATION:
BUY EURUSD ABOVE 1.1158 TGT 1.1178 1.1208 SL 1.1138
SELL EUR/USD BELOW 1.1146 TGT 1.1126 1.1096 SL 1.1176

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Tuesday, May 31, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
The EUR / USD tested the lower boundary of the rising channel; you can see a rebound there. The RSI on the four-hour chart rebounded from the support level, indicating the growth of the European currency. Thus, the forecast EUR / USD on 31 May 2016 provides the consolidation in the 1.1120 area and the upward movement development. There are attempts of the “bears” to break the ascending channel – the main support is in the 1.1100 area.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4590 TGT 1.4610 1.4640 SL 1.4560
SELL GBP/USD BELOW 1.4569 TGT 1.4549 1.4509 SL 1.4599

RECOMMENDATION:
BUY EURUSD AROUND 1.1125 TGT 1.1145 1.1175 SL 1.1095
SELL EUR/USD BELOW 1.1137 TGT 1.1117 1.1087 SL 1.1167
 
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Monday, May 30, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is unchanged on Friday, after the pair posted small gains in the Thursday session.The pair is trading quietly slightly below the 1.12 line. On the release front, there are no Eurozone events on the schedule. The US will release two key indicators – Preliminary GDP and UoM Consumer Sentiment. As well, Fed chair Janet Yellen will deliver remarks at an event in Boston. Traders should be prepared for possible volatility from EUR/USD in the North American session.The US economy has shown mixed numbers in the first quarter, and Preliminary GDP, which can be treated viewed as an economic report card, will be closely monitored. Final GDP for the fourth quarter came in at 0.5%, shy of the estimate of 0.7%. The estimate for Preliminary GDP stands at 0.8%, and if the indicator matches or beats this reading, the US dollar could push upwards.



RECOMMENDATION:
UY GBP/USD ABOVE 1.4688 TGT 1.4708 1.4738 SL 1.4658
SELL GBP/USD BELOW 1.4640 TGT 1.4620 1.4590 SL 1.467 0

RECOMMENDATION:
BUY EURUSD ABOVE 1.1190TGT 1.1210 1.1240 SL 1.1160

SELL EUR/USD AROUND 1.1140-1.1142 TGT 1.1162 1.1192 SL 1.1110

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Friday, May 27, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD rose moderately on Thursday, extending slight gains from the previous session, as foreign exchange traders awaited comments from Janet Yellen for possible signs of whether the Federal Reserve could tighten its monetary policy cycle next while the European Central Bank maintains an unorthodox negative interest rate policy.The currency pair traded between 1.1155 and 1.1217, before settling at 1.1193, up 0.0038 or 0.34% for the session. Despite the brief gains over the last two sessions, the euro is still in the midst of one of its driest spells on the calendar year. Since hitting nine-months in early-May, EUR/USD has fallen considerably by nearly 3%.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1434, the high from May 12.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709
SELL GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707

RECOMMENDATION:
BUY EURUSD ABOVE 1.1190TGT 1.1210 1.1240 SL 1.1160

SELL EUR/USD BELOW 1.1145 TGT 1.1125 1.1095 SL 1.1175
 
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Thursday, May 26, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded short and even broke below a very significant support level 1.1166 and is currently retracing towards it. We expect the current upward rally to be a mere upward retracement and should not go above 1.1166. A break above this level will lead to an acceleration to the upper side, but should not close above 1.12177. This pair should be traded alongside NZD/USD, DF/USD and ER/HKD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.



RECOMMENDATION:
BUY GBP/USD ABOVE 1.4663 TGT 1.4683 1.4713 SL 1.4633
SELL GBP/USD BELOW 1.4601 TGT 1.4581 1.4581 SL 1.4631

RECOMMENDATION:
BUY EURUSD ABOVE 1.1156 TGT 1.1176 1.1206 SL 1.1126

SELL EUR/USD BELOW 1.1132 TGT 1.1112 1.1083 SL 1.1162

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