Technical Analysis from IFC Markets

IFC Markets

Master Trader
Oct 31, 2012
1,768
9
84
London (Great Britain)
www.ifcmarkets.com

GBP/USD Technical Analysis - GBP/USD Trading: 2021-11-23​


GBP/USD Technical Analysis Summary​

Sell Stop։Below 1.3349
Stop Loss։Above 1.3408​

Indicator Signal
RSI Buy
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell


GBP/USD Chart Analysis​



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GBP/USD Technical Analysis​

The technical analysis of the GBPUSD price chart on 1-hour timeframe shows GBPUSD: H1 failed to breach the resistance line under the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.3349. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.34708 After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - GBP/USD​

UK’s private business sector expansion accelerated in November. Will the GBPUSD price retreat reverse?

UK’s private sector expansion accelerated in November: Markit reported UK Flash Manufacturing PMI rose to 58.2 in November from 57.8 in October, when a decline to 57.2 was forecast. This is bullish for GBPUSD. However, the current setup is bearish for the pair.
 

IFC Markets

Master Trader
Oct 31, 2012
1,768
9
84
London (Great Britain)
www.ifcmarkets.com

EUR/USD Technical Analysis - EUR/USD Trading: 2021-11-25​



EUR/USD Technical Analysis Summary​



Buy Stop։Above 1.1228​

Stop Loss։Below 1.1201​



Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

EUR/USD Chart Analysis​



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EUR/USD Technical Analysis​

The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is attempting to rebound toward the 200-period moving average MA(200) after breaching above the resistance line. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.1228. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.1201. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - EUR/USD​

German GDP for the third quarter was downgraded. Will the EURUSD price resume retreating?

German GDP was downgraded for the third quarter. The Destatis federal statistical office reported Germany’s gross domestic product (GDP) rose 1.7% in the third quarter of 2021 over the second quarter, after estimating in preliminary report German economy expanded 1.8% in Q3. This is bearish for EURUSD. However current technical setup is bullish for the EURUSD pair.
 

IFC Markets

Master Trader
Oct 31, 2012
1,768
9
84
London (Great Britain)
www.ifcmarkets.com

Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2021-11-26​


Hang Seng Index Technical Analysis Summary​



Sell Stop:Below 24415.9​

Stop Loss:Above 25734.3​



Indicator Signal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell


Hang Seng Index Chart Analysis​



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Hang Seng Index Technical Analysis​

The technical analysis of the HK50 price chart in daily timeframe shows HK50: Daily is retracing after failed attempt to breach the resistance line below the 200-day moving average MA(200). We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 24415.9. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian boundary at 25734.3. After placing the pending order the stop loss is to be moved every day to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (25734.3) without reaching the order (24415.9) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis of Indices - Hang Seng Index​

Hong Kong private sector activity expansion slowed in October. Will the HK50 price rebound continue?

Recent Hong Kong economic data in the last couple of weeks were mixed. Trade deficit narrowed in October while retail sales growth slowed in September, and Hong Kong private sector activity expansion slowed in October. Thus, trade deficit declined to H$30.5 billion from H$42.4 billion in September. But retail sales grew 4.7% over year in September after 10% increase in August. And Markit reported Hong Kong PMI declined to 50.8 in October from 51.7 a month earlier. Readings above 50 indicate sector activity expansion. Both demand and output rose for the ninth straight month, but rates of growth softened from September. Meantime, foreign demand fell, including new business from China. Slowing business activity is bearish for HK50.
 

IFC Markets

Master Trader
Oct 31, 2012
1,768
9
84
London (Great Britain)
www.ifcmarkets.com

AUD/USD Technical Analysis - AUD/USD Trading: 2021-11-29​


AUD/USD Technical Analysis Summary​



Buy Stop:Above 0.7159​

Stop Loss:Below 0.7131​



Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

AUD/USD Chart Analysis​

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AUD/USD Technical Analysis​

The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD: H1 is attempting to rebound after hitting 15-month low a day ago under the 200-period moving average MA(200) which is falling. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.7159. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.7131. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - AUD/USD​

Australian business profits continued to rise in third quarter. Will the AUDUSD price continue rebounding?

Australian business profits continued to rise in third quarter. The Australian Bureau of Statistics reported Corporate profits in Australia expanded by 4.0% over quarter in Q3, beating market expectations of 3% and following a 7.1% rise in Q2. This is bullish for AUDUSD.
 

IFC Markets

Master Trader
Oct 31, 2012
1,768
9
84
London (Great Britain)
www.ifcmarkets.com

USD/JPY Technical Analysis - USD/JPY Trading: 2021-11-30​


USD/JPY Technical Analysis Summary​

Sell Stop:Below 112.67
Stop Loss:Above 113.73

Indicator Signal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

USD/JPY Chart Analysis​



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USD/JPY Technical Analysis​

The technical analysis of the USDJPY price chart on 1-hour timeframe shows USDJPY: H1 is retracing down under the 200-period moving average MA(200) which is declining. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 112.67. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 113.73. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - USD/JPY​

Japan’s unemployment rate declined in October. Will the USDJPY price retreating continue?

Japan’s unemployment rate declined in October: the Statistics Bureau reported unemployment rate ticked down to 2.7% in October from 2.8% in September, when no change was forecast. This is bearish for USDJPY.