Forex Technical Analysis By Capital Street fx

Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily FX Analysis – GBP up, EUR down, USD rebounds.​


Introduction​

GBP/USD remains steady above 1.2600, propelled by favorable UK labor market data, including a drop in the ILO Unemployment Rate to 3.8%. While the market maintains an optimistic stance, attention shifts to the US inflation report, anticipating potential impacts on the Federal Reserve’s decisions. Meanwhile, EUR/USD faces a bearish outlook, hovering below key levels, with a focus on US CPI data. USD/CAD breaks a five-day decline on market caution ahead of US inflation data, and NZD/USD declines on lower Kiwi Inflation Expectations in Q1.

Markets In Focus Today – GBP/USD​

GBP/USD Holds Comfortably Above 1.2600 After UK Labor Market Data.

GBP/USD edges higher toward 1.2650 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 3.8% in December, while the annual wage inflation softened to 6.2% from 6.7%. An upbeat market mood is sponsoring a leg-up on the major, though it remains within familiar levels. Market participants are eyeing an inflation report in the United States (US) which is expected to fuel speculations for rate cuts by the US Federal Reserve (Fed). Regarding monetary policy, the BoE is expected to slash rates by 80 basis points through 2024, less than the 110 bps at the beginning of the last week.

Technical Overview With Chart :

24-02-13_00-25-21_GBPUSD-1024x342.png

Moving Averages :

Exponential :

  • MA 10 : 1.2638 | Positive Crossover | Bullish
  • MA 20 : 1.2655 | Negative Crossover | Bearish
  • MA 50 : 1.2638 | Positive Crossover | Bullish

Simple :

  • MA 10 : 1.2633 | Positive Crossover | Bullish
  • MA 20 : 1.2667 | Negative Crossover | Bearish
  • MA 50 : 1.2674 | Negative Crossover | Bearish
RSI (Relative Strength Index): 48.2925 | Buy Zone | Bullish

Stochastic Oscillator : 44.3336 | Neutral Zone | Positive

Resistance And Support Levels :

  • R1 : 1.2763 R2 : 1.2807
  • S1 : 1.2618 S2 : 1.2574

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Stop Buy: 1.2648 | Take Profit: 1.2719 | Stop Loss: 1.2605

EUR/USD​


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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily Index Analysis – Global markets soar, Nasdaq breaks records.​


Introduction:

In Asian markets, shares an advance of the US inflation report, with China observing a holiday. Notably, the Shanghai composite rises by 1.28%. Meanwhile, major European indices show mixed movements at the start of the trading session. As Wall Street awaits the inflation data, stock futures slip following a recent Dow record.

Market In Focus For Today – Nasdaq 100

Monday afternoon saw the Nasdaq briefly exceeding its previous record closing high from November 2021 before experiencing a decline.

TECHNICAL OVERVIEW:

24-02-13_02-42-55_Nasdaq-100-Index-1024x344.png

Moving Averages:

Exponential:

  • MA 5: 17919.25 | Negative Crossover | Bearish
  • MA 20: 17847.24 | Positive Crossover | Bullish
  • MA 50: 17670.76 | Positive Crossover | Bullish

Simple:

  • MA 5: 17949.33 | Negative Crossover | Bearish
  • MA 20: 17846.03| Positive Crossover | Bullish
  • MA 50: 17670.87 | Positive Crossover | Bullish
RSI (Relative Strength Index): 54.32| Buy Zone| Bullish

Stochastic Oscillator: 22.81| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 18117.54 | R2: 18431.88
  • S1: 17710.74| S2: 17276.21

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17756.97 | Take Profit: 18117.54| Stop Loss: 17544.32.

S&P 500:

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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily FX Analysis – GBP falls, AUD holds, JPY rises, USD/CHF adjusts.​


Introduction​

“The GBP/USD faces a decline below 1.2600 following soft UK inflation data, amplifying the pressure on Pound Sterling. Meanwhile, robust US economic indicators suggest a prolonged period of higher interest rates, driving the pair to 1.2598. The Australian Dollar also grapples with US Dollar strength amid positive CPI numbers, while the Japanese Yen gains support from a shift in global risk sentiment and verbal intervention. USD/CHF, having reached an 11-week high, corrects slightly as investors anticipate continued US Dollar strength amid inflation concerns.”

Markets In Focus Today – GBP/USD​

GBP/USD Slumps Below 1.2600 After Soft UK Inflation Data.

GBP/USD lost its traction and declined below 1.2600 in the European session on Wednesday. The data from the UK showed that the Consumer Price Index (CPI) declined by 0.6% every month in January and weighed heavily on Pound Sterling. The GBP/USD plunges below 1.2600 as strong economic data from the United States (US) suggests the Federal Reserve (Fed) would keep interest rates higher for longer. At the time of writing, the pair trades at 1.2598 after hitting a daily high of 1.2683. GBP/USD slid on hot US CPI data, traders await UK inflation figures.

Technical Overview With Chart :

24-02-13_23-51-32_GBPUSD-1024x342.png

Moving Averages :

Exponential :

  • MA 10 : 1.2618 | Negative Crossover | Bearish
  • MA 20 : 1.2643 | Negative Crossover | Bearish
  • MA 50 : 1.2634 | Negative Crossover | Bearish

Simple :

  • MA 10 : 1.2616 | Negative Crossover | Bearish
  • MA 20 : 1.2659 | Negative Crossover | Bearish
  • MA 50 : 1.2673 | Negative Crossover | Bearish
RSI (Relative Strength Index): 41.0237 | Neutral Zone | Neutral

Stochastic Oscillator : 30.7950 | Sell Zone | Negative

Resistance And Support Levels :

  • R1 : 1.2763 R2 : 1.2807
  • S1 : 1.2618 S2 : 1.2574

Overall Sentiment: Bearish Market Direction: Sell

Trade Suggestion: Stop Sell: 1.2571 | Take Profit: 1.2494 | Stop Loss: 1.2629

AUD/USD​


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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily Index Analysis – Global markets tumble, U.S. inflation soars.​


Introduction:

“In the global indices market, the aftermath of soaring U.S. inflation data is felt across most Asian markets, with declines witnessed in key indices. Meanwhile, the Shanghai composite bucks the trend with a 1.28% gain. In Europe, stock markets witness an upswing as the UK’s inflation rate retreats. Conversely, U.S. stocks face a decline on Tuesday as worse-than-expected inflation data dispels hopes for a May interest rate cut, shaping a complex landscape in international financial markets.”

Market In Focus For Today – Dow Jones

Dow plunges 500 points, marking its most significant decline since March 2023, following a robust inflation report.

TECHNICAL OVERVIEW:

24-02-14_03-46-01_Dow-Jones-Index-1024x344.png

Moving Averages:

Exponential:

  • MA 5: 38555.70 | Negative Crossover | Bearish
  • MA 20: 38650.67 | Negative Crossover | Bearish
  • MA 50: 38480.25 | Negative Crossover | Bearish

Simple:

  • MA 5: 38268.85 | Negative Crossover | Bearish
  • MA 20: 38650.67| Negative Crossover | Bearish
  • MA 50: 38480.55 | Negative Crossover | Bearish
RSI (Relative Strength Index): 42.8| Neutral Zone| Neutral

Stochastic Oscillator: 5.23| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 38859.88 | R2: 39412.06
  • S1: 38231.22| S2: 37387.75

Overall Sentiment: Bearish | Market Direction: Sell​

Trade Suggestion: Limit Sell: 38445.91 | Take Profit: 37817.15| Stop Loss: 38859.98.

S&P 500:

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Jan 19, 2024
21
0
7
24
mauritius

Daily FX Analysis – GBP falls, AUD holds, JPY rises, USD/CHF adjusts.​

Introduction​

“The GBP/USD faces a decline below 1.2600 following soft UK inflation data, amplifying the pressure on Pound Sterling. Meanwhile, robust US economic indicators suggest a prolonged period of higher interest rates, driving the pair to 1.2598. The Australian Dollar also grapples with US Dollar strength amid positive CPI numbers, while the Japanese Yen gains support from a shift in global risk sentiment and verbal intervention. USD/CHF, having reached an 11-week high, corrects slightly as investors anticipate continued US Dollar strength amid inflation concerns.”

Markets In Focus Today – GBP/USD​

GBP/USD Slumps Below 1.2600 After Soft UK Inflation Data.

GBP/USD lost its traction and declined below 1.2600 in the European session on Wednesday. The data from the UK showed that the Consumer Price Index (CPI) declined by 0.6% every month in January and weighed heavily on Pound Sterling. The GBP/USD plunges below 1.2600 as strong economic data from the United States (US) suggests the Federal Reserve (Fed) would keep interest rates higher for longer. At the time of writing, the pair trades at 1.2598 after hitting a daily high of 1.2683. GBP/USD slid on hot US CPI data, traders await UK inflation figures.

Technical Overview With Chart :




1024×342 79 KB



Moving Averages :

Exponential :

  • MA 10 : 1.2618 | Negative Crossover | Bearish
  • MA 20 : 1.2643 | Negative Crossover | Bearish
  • MA 50 : 1.2634 | Negative Crossover | Bearish

Simple :

  • MA 10 : 1.2616 | Negative Crossover | Bearish
  • MA 20 : 1.2659 | Negative Crossover | Bearish
  • MA 50 : 1.2673 | Negative Crossover | Bearish
RSI (Relative Strength Index): 41.0237 | Neutral Zone | Neutral

Stochastic Oscillator : 30.7950 | Sell Zone | Negative

Resistance And Support Levels :

  • R1 : 1.2763 R2 : 1.2807
  • S1 : 1.2618 S2 : 1.2574

Overall Sentiment: Bearish Market Direction: Sell

Trade Suggestion: Stop Sell: 1.2571 | Take Profit: 1.2494 | Stop Loss: 1.2629

AUD/USD​

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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily FX Analysis – Euro, Kiwi up, Pound down, Loonie recovers.​


Introduction​

EUR/USD remains near 1.0725, closely watching ECB President Lagarde’s speech in the wake of mixed Fedspeak and the upcoming US Retail Sales report. The pair shows signs of balance recovery after a modest US dollar retracement led to gains. In other markets, NZD/USD sees slight gains, while GBP/USD faces pressure following UK GDP data. USD/CAD attempts to rebound, influenced by a subdued US dollar and the potential impact of declining WTI prices. The broader focus includes key economic indicators like the Philly Fed Manufacturing Index and weekly Initial Jobless Claims.

Markets In Focus Today – EUR/USD​

EUR/USD Sticks To Lows Near 1.0725, Lagarde Eyed.

EUR/USD is holding lower ground while eyeing the 1.0700 mark in European trading on Thursday. The US Dollar struggles amid mixed Fedspeak, as traders await the US Retail Sales report for fresh policy hints. Ahead of that, ECB Lagarde’s speech is eagerly awaited. The modest retracement in the US dollar (USD) triggered a decent bounce in risk-oriented assets on Wednesday, encouraging EUR/USD to regain some balance and leave the area of yearly lows in the sub-1.0700 zone. On the ECB’s side, Vice President L. de Guindos remarked that although progress is being made, caution is warranted to avoid premature conclusions.

Technical Overview With Chart :

24-02-14_23-22-01_EURUSD-1024x342.png

Moving Averages :

Exponential :

  • MA 10 : 1.0762 | Negative Crossover | Bearish
  • MA 20 : 1.0799 | Negative Crossover | Bearish
  • MA 50 : 1.0839 | Negative Crossover | Bearish

Simple :

  • MA 10 : 1.0755 | Negative Crossover | Bearish
  • MA 20 : 1.0806 | Negative Crossover | Bearish
  • MA 50 : 1.0889 | Negative Crossover | Bearish
RSI (Relative Strength Index): 37.4419 | Sell Zone | Bearish

Stochastic Oscillator : 12.4185 | Sell Zone | Positive

Resistance And Support Levels :

  • R1 : 1.0982 R2 : 1.1041
  • S1 : 1.0790 S2 : 1.0731

Overall Sentiment: Bearish Market Direction: Sell

Trade Suggestion: Limit Sell: 1.0750 | Take Profit: 1.0667 | Stop Loss: 1.0804

NZD/USD​


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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily Index Analysis – Global indices surge, tech leads rebound.​


Introduction:

In the global indices landscape, Asian stocks show gains as the US dollar softens amidst considerations of the US interest rate outlook. Notably, the Shanghai Composite, Singapore MSCI, and Nikkei 225 all register positive moves. Meanwhile, European equities rise, despite the UK entering a technical recession. In the US, Wall Street ends on a positive note, primarily boosted by impressive performances from Uber, Lyft, and Nvidia, with the latter surpassing Alphabet in market value.

Market In Focus For Today – Nasdaq 100

The NASDAQ 100 shows signs of recovery in the early hours, as efforts are made to bounce back from the CPI shock experienced in the Tuesday session.

TECHNICAL OVERVIEW:

24-02-15_03-22-50_Nasdaq-100-Index-1024x344.png


Moving Averages:

Exponential:

  • MA 5: 17844.62 | Positive Crossover | Bullish
  • MA 20: 17868.24 | Positive Crossover | Bullish
  • MA 50: 17694.58 | Positive Crossover | Bullish

Simple:

  • MA 5: 17836.52 | Positive Crossover | Bullish
  • MA 20: 17868.37| Positive Crossover | Bullish
  • MA 50: 17694.55 | Positive Crossover | Bullish
RSI (Relative Strength Index): 57.22| Buy Zone| Buy

Stochastic Oscillator: 46.05| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 18038.95 | R2: 18408.77
  • S1: 17659.89| S2: 17243.85

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17706.12 | Take Profit: 18112.92| Stop Loss: 17447.25.

S&P 500:

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Jan 19, 2024
21
0
7
24
mauritius

Daily FX Analysis – Euro, Kiwi up, Pound down, Loonie recovers.​

Introduction​

EUR/USD remains near 1.0725, closely watching ECB President Lagarde’s speech in the wake of mixed Fedspeak and the upcoming US Retail Sales report. The pair shows signs of balance recovery after a modest US dollar retracement led to gains. In other markets, NZD/USD sees slight gains, while GBP/USD faces pressure following UK GDP data. USD/CAD attempts to rebound, influenced by a subdued US dollar and the potential impact of declining WTI prices. The broader focus includes key economic indicators like the Philly Fed Manufacturing Index and weekly Initial Jobless Claims.

Markets In Focus Today – EUR/USD​

EUR/USD Sticks To Lows Near 1.0725, Lagarde Eyed.

EUR/USD is holding lower ground while eyeing the 1.0700 mark in European trading on Thursday. The US Dollar struggles amid mixed Fedspeak, as traders await the US Retail Sales report for fresh policy hints. Ahead of that, ECB Lagarde’s speech is eagerly awaited. The modest retracement in the US dollar (USD) triggered a decent bounce in risk-oriented assets on Wednesday, encouraging EUR/USD to regain some balance and leave the area of yearly lows in the sub-1.0700 zone. On the ECB’s side, Vice President L. de Guindos remarked that although progress is being made, caution is warranted to avoid premature conclusions.

Technical Overview With Chart :




1024×342 80.1 KB



Moving Averages :

Exponential :

  • MA 10 : 1.0762 | Negative Crossover | Bearish
  • MA 20 : 1.0799 | Negative Crossover | Bearish
  • MA 50 : 1.0839 | Negative Crossover | Bearish

Simple :

  • MA 10 : 1.0755 | Negative Crossover | Bearish
  • MA 20 : 1.0806 | Negative Crossover | Bearish
  • MA 50 : 1.0889 | Negative Crossover | Bearish
RSI (Relative Strength Index): 37.4419 | Sell Zone | Bearish

Stochastic Oscillator : 12.4185 | Sell Zone | Positive

Resistance And Support Levels :

  • R1 : 1.0982 R2 : 1.1041
  • S1 : 1.0790 S2 : 1.0731

Overall Sentiment: Bearish Market Direction: Sell

Trade Suggestion: Limit Sell: 1.0750 | Take Profit: 1.0667 | Stop Loss: 1.0804

NZD/USD​

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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily FX Analysis – GBP, EUR, AUD, USD/JPY challenges, insights.​


Introduction​

GBP/USD maintains stability around 1.2600 after UK retail sales data. Despite a 3.4% monthly increase in retail sales in the UK, Pound Sterling struggles to gain momentum. Meanwhile, EUR/USD faces bearish pressures near 1.0750, impacted by renewed US Dollar demand and dovish ECB comments. The US Dollar steadies after recent losses, influencing the Australian Dollar’s attempt to move into positive territory. Japanese Yen faces challenges near daily lows against USD due to uncertainty about the Bank of Japan’s policy shift and risk-on sentiment.

Markets In Focus Today – GBP/USD​

GBP/USD Holds Steady Near 1.2600 After UK Data.

GBP/USD continues to fluctuate at around 1.2600 in the early European session on Friday. The data from the UK showed that Retail Sales rose 3.4% every month but failed to provide a boost to Pound Sterling. Focus shifts to US January PPI figures. The Pound Sterling (GBP) climbed during the North American session following a soft retail sales report that lifted the major from a crucial technical level. Consequently, the Greenback (USD) is on the defensive as the GBP/USD trades at 1.2586, up 0.17%, after jumping off a daily low of 1.2541. Pound Sterling edges high amid mixed US economic reports, BoE’s rate cut estimates.

Technical Overview With Chart :

24-02-16_00-09-22_GBPUSD-1024x342.png

Moving Averages :

Exponential :

  • MA 10 : 1.2608 | Negative Crossover | Bearish
  • MA 20 : 1.2633 | Negative Crossover | Bearish
  • MA 50 : 1.2630 | Negative Crossover | Bearish

Simple :

  • MA 10 : 1.2596 | Negative Crossover | Bearish
  • MA 20 : 1.2648 | Negative Crossover | Bearish
  • MA 50 : 1.2674 | Negative Crossover | Bearish
RSI (Relative Strength Index): 43.0909 | Neutral Zone | Neutral

Stochastic Oscillator : 25.0329 | Sell Zone | Negative

Resistance And Support Levels :

  • R1 : 1.2763 R2 : 1.2807
  • S1 : 1.2618 S2 : 1.2574

Overall Sentiment: Bearish Market Direction: Sell

Trade Suggestion: Limit Buy: 1.2604 | Take Profit: 1.2537 | Stop Loss: 1.2650

EUR/USD​


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Tushar_csfx72

Banned
Jan 20, 2024
88
0
12
19

Daily Index Analysis – Global markets soar, hitting record highs.​


Introduction:

Across global indices, Asian markets reflect the positive sentiment from Wall Street’s overnight gains. Notable increases include the Hang Seng Index in Hong Kong rising by 2.48%, the Nikkei 225 in Japan up by 0.86%, and the Shanghai composite showing a 1.28% gain. European stocks continue their upward trajectory, boosted by UK retail sales surpassing expectations. Meanwhile, Wall Street wraps up the session with gains, driven by optimism sparked by a significant retail sales decline, raising hopes for potential future rate cuts by the Federal Reserve.

Market In Focus For Today – Dow Jones

The Dow Jones experienced an upswing driven by increasing interest in financial and industrial stocks.

TECHNICAL OVERVIEW:

24-02-16_04-25-38_Dow-Jones-Index-1024x344.png

Moving Averages:

Exponential:

  • MA 5: 38669.34 | Positive Crossover | Bullish
  • MA 20: 38674.02 | Positive Crossover | Bullish
  • MA 50: 38549.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 38562.12 | Positive Crossover | Bullish
  • MA 20: 38674.01| Positive Crossover | Bullish
  • MA 50: 38549.32 | Positive Crossover | Bullish
RSI (Relative Strength Index): 58.51| Buy Zone| Buy

Stochastic Oscillator: 81.43| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 39013.33 | R2: 39534.75
  • S1: 38231.22| S2: 37479.77

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38323.23 | Take Profit: 38875.31| Stop Loss: 37985.84.

S&P 500:

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