Showing posts with label Forex signal. Show all posts
Showing posts with label Forex signal. Show all posts

Wednesday, June 29, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict. The Fed funds futures rate is now surprisingly pricing in a 17% rate cut by September, increasing from 7% on Friday. From a technical perspective, the euro has managed to establish support near 1.10 – 1.0985 support level and in the interim, price action remains caught above this support and below 1.1143 – 1.115 resistance levels.


RECOMMENDATION:
BUY GBPUSD ABOVE 1.3480 TGT 1.3500 1.3530 SL 1.3450
SELL GBPUSD BELOW 1.3220 TGT 1.3200 1.3170 SL 1.3250

RECOMMENDATION:
BUY EURUSD ABOVE 1.1110 TGT 1.1130 1.1160 SL 1.1080

SELL EURUSD BELOW 1.1045 TGT 1.1025 1.0995 SL 1.1075

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Tuesday, June 28, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD is currently trading with a bearish bias. During the previous trading day on 24th June 2016, Euro reacted negatively to Brexit, headed short and and may head further to the lower side. During this intraday, we are very reluctant to go long, instead, we will only be interested in signals giving sell opportunities. This pair should be traded alongside NZD/ USD, AUD/USD, and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.



RECOMMENDATION:
BUY GBPUSD ABOVE 1.3480 TGT 1.3500 1.3530 SL 1.3450
SELL GBPUSD BELOW 1.3220 TGT 1.3200 1.3170 SL 1.3250

RECOMMENDATION:
BUY EURUSD ABOVE 1.1087 TGT 1.1107 1.1137 SL 1.1057

SELL EURUSD BELOW 1.1010 TGT 1.0990 1.0960 SL 1.1040

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Thursday, June 23, 2016

SGX IForex Recommendations : Epic Research Singapore

TRADING TIPS :
EUR/USD has posted slight gains on Wednesday, following two days of losses. The pair is trading at 1.1270. On the release front, the Eurozone releases HPI and Consumer Confidence. The US will release Existing Home Sales, with the markets expecting the indicator to improve to 5.53 million. As well, Federal Reserve chair Janet Yellen will testify before the House Financial Services Committee regarding the Fed’s Monetary Policy Report. On Thursday, the US will release Unemployment Claims.With just one day left until the Brexit referendum vote in the UK, the campaign be- tween the “In” and “Out” camps is going down to the wire. Polls continue to predict a very close vote, but market sentiment is leading towards the UK staying within the EU.




RECOMMENDATION:
BUY GBPUSD AROUND 1.4530 TGT 1.4550 1.4580 SL 1.4500
SELL GBPUSD BELOW1.4640 TGT 1.4620 1.4590 SL 1.4670

RECOMMENDATION:
BUY EURUSD ABOVE 1.1280 TGT 1.1300 1.1330 SL 1.1250

SELL EURUSD BELOW 1.1220 TGT 1.1200 1.1170 SL 1.1250
 
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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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Saturday, June 18, 2016

Forex Market Update : Epic Research Singapore

The British pound logged Friday its first weekly gain in three weeks, as investors tempered worries that the U.K. might leave the European Union in next week’s referendum when both sides temporarily suspended their campaigns following the murder of a British lawmaker.

Speculation that the hiatus would bolster support for the “remain” vote strengthened the pound GBPUSD, +1.1055% which rose to $1.4362 Friday afternoon, its highest level in a week, after tumbling to a more than two-month low early Thursday. Over the week the pound gained 0.7% while the euro EURUSD, +0.4543%  gained 0.2%, ending Friday at $1.1282 from $1.1226 Thursday.

Broadly, the ICE U.S. Dollar index DXY, -0.49% a measure of the buck’s strength against a basket of six currencies, was down 0.4% on the day and 0.5% over the week to 94.17.

Meanwhile, the value of digital currency Ethereum tanked Friday after hackers stole the equivalent of more than $50 million from an organization that controls large amounts of the cryptocurrency.

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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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Forex Market Update : Epic Research Singapore

The euro weakened against the dollar Thursday, but its decline was limited as European Central Bank President Mario Draghi expressed confidence that the central bank’s stimulus efforts would soon pay off.

As was widely expected, Draghi and his fellow policy makers left interest rates unchanged and said they would soon implement the changes to its stimulus program announced in March.

The shared currency EURUSD, -0.0179%  traded at $1.1147 late Thursday, compared with $1.1188 late Wednesday in New York.

The greenback USDJPY, +0.02%  traded at ¥108.89 late Thursday after briefly touching its weakest level in more than two weeks earlier in the session. By comparison, it traded at with ¥109.53 late Wednesday in New York.

The pound GBPUSD, -0.1387%  traded at $1.4434 late Thursday in New York, compared with $1.4416 late Wednesday.

That news was soon overshadowed by data showing U.S. crude supplies declined last week. The dollar was down 0.4% against the Brazilian real USDBRL, -0.3034% late Thursday in New York, while the dollar was up 0.2% against the Russian ruble USDRUB, -0.9861%

The currencies of other major oil exporters like the Canadian dollar USDCAD, -0.0382%  and Norwegian krone USDNOK, +0.0372% moved off their lows, but remained lower against the dollar on the day.

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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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