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Thread: SUNBIRD Daily Technical Analysis

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    Smile SUNBIRD Daily Technical Analysis

    Dear forum members,

    Follow forex news and events with our daily analysis. At Sunbird we provide a detailed commentary of what is happening in forex and CFD trading, using technical and fundamental analysis. We give you the daily forex information that matters and keep you informed so that you make better trading decisions.

    Best regards
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    Junior Member SunBird's Avatar
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    Daily Analysis 2014-05-12

    EURUSD may try and find an upward correction following the large drop we saw before the weekend. 1.375 is the near term support, while resistance is at 1.38. There is a chance that this area will be good long term buy opportunity.

    GBPUSD stopped on Friday exactly on the fast EMA. This is the pair's support as it continues to reach new highs. 1.69 is the next near term resistance.

    USDCAD saw a significant downward move on Friday, following a disappointing Employment Change figure. It looks like the pair may have hit its bottom, which could be a sign of a good BUY opportunity.

    GBPNZD is our exotic pair for the week, and it looks like it's heading downward in the short term. 1.955 is a strong resistance, and if it closes above this level in the next few days it may move to 1.94, or even 1.93.

    CRUDE OIL is sideways trading between the EMA. Once we see a break out of this range, we will have a better idea of where the commoty is heading.

    S&P500 just does not want to go down. Every loss is quickly being supported by investors, and we are likely looking for a new high this week or next.



    Economic news -

    10:15 - Retail Sales y/y (CHF)

    21:00 - Federal Budget Balance (USD)
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    Daily Analysis 2014-05-13

    EURUSD- The euro did not see any major movement yesterday, and is still trading downward. If the euro crosses the 1.3740 support line, it can drop down to 1.3620, the MA-200 on the daily graph. If the euro crosses the 1.3775 resistance line, it can go up to 1.3855, the MA-200 on the 1 hour graph.

    USDJPY- This pair is still strong and can go up to 102.40, the MA-200 on the 4 hour graph. If the pair crosses the support level at 102.20, it can go down to 101.96, the MA-200 on the 1 hour graph.

    AUDNZD- The pair is currently at 1.0828, the MA-100 on the 1 hour graph. If the pair crosses the point, it may go to 1.0771, the MA-200.

    AUDUSD- It seems that the pair is going down toward 0.9322, the MA-200 on the 1 hour graph, after which it can go to 0.9300. However, if the pair crosses the resistance point at 0.9360, it can go up to 0.9378, followed by 0.9412.

    GOLD- Gold is trading at the 1290.20 support point. If it crosses the point, it can go down to 1280.60. This point may be a good time to buy, as it could go up to 1300.





    Important data for today:

    12:00- EUR- German ZEW Economic Sentiment.

    15:30- USD- Core Retail Sales m / m.

    Retail Sales m / m.
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    Daily Analysis 2014-05-14

    EURUSD is at a very strong support below the fast EMA, and may find its way up to 1.38 in the near term although the momentum is very bearish.

    GBPUSD seems to be following the EUR, and if so, we may see it at 1.67 in the next day or so. We will have a better idea once the pair tries to cross yesterday's high which would signal an end to this correction and lead to the pound moving up.

    AUDUSD crossed a trend line last night, and it looks like it's on its way to 0.945 or even 0.95.

    USDCAD has been moving sideways since major news last Friday. It may take a while before we see any movement in either direction.

    CRUDE OIL is at 101.38 and may continue trading higher, as it found support at the round number 100, which is likely to be tested in the next few days.



    Economic News:

    11:30 - Claimant Count Change (GBP)

    Unemployment Rate (GBP)

    12:30 - BOE Gov Carney Speaks

    BOE Inflation Report

    15:30 - PPI m/m (USD)
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    Daily Analysis 2014-05-15

    EURUSD- Over the last two days, the euro did not see any serious movement. Today, that could all change following the publishing of some important market data. If the euro crosses the 1.3740 resistance point it can go up to 1.3818, the MA-200 on the 1 hour graph. If the euro fails to do that, it can go down to 1.3620, the MA-200 on the daily graph, followed by 1.3560.

    GBPUSD- The pound is now at 1.6760. Today, it may drop to 1.6720, the MA-50 on the daily graph, after which it may be possible to take a long trade up to 1.6900, the MA-200 on the 1 hour graph.

    USDCHF-The pair is currently at 0.8900. If it crosses the MA-50 on the 1 hour graph, (0.8890), it can go down to 0.8820, the MA-200 on the same time graph.

    DJ30- The index is currently between the two averages, 100/200 on the 1 hour graph. If it crosses the MA-200, (16568), it can go down to 16450. If it crosses the MA-100, (16640), it can go up to 16720.



    Important data for today:

    15:30- CAD- Manufacturing Sales m / m

    USD- Core CPI m / m

    USD- Unemployment Claims
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    Daily Analysis 2014-05-16

    EURUSD-The euro is currently above the MA-50- 1.3714 on the 1 hour graph and can go up to-1.3754 at first and then to- 1.3800.

    If the euro will break down the MA-50, it can go to-1.3620 the MA-200 on the daily graph.

    GBPUSD- After a slight rise yesterday still seems that the pound will continue downward.If it crosses the MA-50 on the 1 hour graph(1.6780) it can go down to-1.6750 at first and then down to-1.6630 on the MA-200 daily graph. However if the pound will cross the resistance point at- 1.6820 it can go up to- 1.6900.

    USDTRY- The pair was up significantly yesterday and it seems that this trend will continue today. The pair is now at- 2.0980 on the MA-100 4 hour graph, it can go up to the MA-200 at-2.1118, if it fail to do that it can go down to-2.0870.

    USDJPY- The pair can go down to the MA-200 on the daily graph-101.20 and from there it seems like buying all the way to-101.84.





    Important data for today:

    15:30-USD- Building Permits

    Prelim UoM Consumer Sentiment
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    Daily Analysis 2014-05-19

    EURUSD is at 1.37, and it looks like the pair still has a way to go before it finds a new support. Despite the pin bar on Tuesday, the pair likely still needs something additional to push it up.

    NZDUSD is currently at the major support level of 0.863. If this support is broken, we may see the pair fall as low as 0.855, or even lower.

    USDJPY is at 101.43, and it may find support just below this area at 101.3. On the daily chart, we see that the pair left some tails at this area. Can it hold a third time?

    CRUDE OIL continues to march up. It's currently trading at 101.65. This week, we could see it reach as high as 102, and if the trend gets stronger, 103 may also be reached.

    GOLD is trading in a very thin channel. This consolidation is likely to break in the near future, and these levels are more support and resistance.

    S&P 500 continues to go up and up. It is currently trading at 1877, and after it finds a new support, will likely try to look for a new high during this week or the next.



    No major economic news today.
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    Daily Analysis 2014-05-20

    EURUSD- The euro is currently trading at 1.3707, the MA-100 & 50 on the 1 hour graph. If the euro drops below this level, it can go down to 1.3630, the MA- 200 on the daily graph. If the euro fails to cross 1.3707, it can go up to 1.3750, followed by 1.3800.

    GBPUSD- The pair is currently trading at 1.6812, the MA 50/20 on the 1 hour graph. If the pound breaks below this level, it can go to 1.6730. If it fails to break it can go up to 1.6860, followed by 1.6900.

    USDJPY- The USD is still strong against the yen, and it seems like this trend will continue. The pair may go up to-101.80, followed by 102.00 and 102.40.

    GOLD- Gold is close to 1293, the MA-200 on the 1 hour graph. It can go down to 1290, followed by an increase to 1297 and then 1302.



    Important data for today:

    GBP-11:30- CPI y / y
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    Daily Analysis 2014-05-21

    EURUSD has steadily traded sideways over the last few days. It might be smart to wait a little longer and see which way the pair decides to go and then tag along. Buying above yesterday's high with a stop at its low, with a target at 1.375 may be a good option.

    AUDUSD has tumbled over the past two days. It is now trading at a major support and could pull back up for a healthy correction. 0.93 may be a reasonable target for the next week.

    USDJPY continues to fall and we may see it reach the the round number of 100 by the end of the week. On the daily chart, we see tails which can be taken as evidence of some support at this level. If the breaks below this level, if could go much lower.

    CRUDE OIL has traded up to 102.75, a resistance area, but it's still too early to consider which way it will go from here.

    S&P500, as opposed to the oil, has moved down and it seems like it's going to seek further support before we see another new high.



    Economic News:

    15:30 - Retail Sales m/m (GBP)

    18:30 - Fed Chair Yellen Speaks (USD)

    21:00 - FOMC Meeting Minutes (USD)
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    Daily Analysis 2014-05-22

    EURUSD- The dollar is still strong against the euro, and the pair is trading at the 1.3665 support level. If it breaks down, it can go to 1.3640 at first, followed by 1.3620, the MA-200 on the daily graph. If the pair does not break down, it can go up to 1.3690, followed by 1.3712.

    USDJPY- The pair is currently at 101.65, the MA-200 on the 1 hour graph. If it crosses below this level, it can go down to 101.30, followed by 100.90. If it fails to do that, it can go up to 101.90, followed by 102.20.

    GOLD- There may be a good opportunity to buy gold now between 1294 and 1300. If it continues to rise, it can go up to 1305, the MA-50 daily graph.

    GBPUSD- The pound is still strong against the dollar. It may go down to 1.6556, the MA-50 on the 1 hour graph, after which it can go up again to 1.6906, followed by 1.6950.


    Important data for today:

    EUR- 10:30- German Flash Manufacturing PMI

    GBP- 11:30- Second Estimate GDP q / q

    CAD- 15:30- Core Retail Sales m/m

    USD- 15:30- Unemployment Claims
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