 Sunbird Daily Technical Analysis |
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| SunBird |
  May 1 2014, 12:08 PM
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Junior Money Maker
Group: Members
Posts: 34
Dream Points: 220
Experience Points: 84
Joined: 22-April 14
Member No.: 487,596
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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
SUNBIRD International Ltd
Daily Analysis 2014-05-01
EURUSD-The pair is at a two day high of 1.3870. If it crosses 1.3880, it may go up to 1.3960, the 50% Fibonacci.
If it crosses 1.3850, it may go down to 1.3825, the MA 200 on the 1-hour graph, and then to 1.3785.
GBPUSD- The pound is still looking strong against the dollar. If it crosses 1.6900, it can go up to 1.6990.
If it crosses the support point at 1.6855, it may go down to 1.6830, followed by 1.6800, the MA 200 on the 1-hour graph.
GBPJPY-The resistance point for this pair is at 172.82. If the pair crosses the point, it can go up to 173.60.
The support point is at 172.17, the MA 200 and 100 on the 1 hour graph. If the pair crosses that, it may reach 171.50, the MA 100 on the 4-hour graph.
AUDUSD- The pair is currently above the MA 200 of 0.9293 on the 1 hour graph. It may move up to 0.9330, which is the MA 100 on the 4-hour graph.
The support point is at 0.9271, the MA 100 on the 1-hour graph. If the pair crosses it, the next point is at 0.9245, the MA 200 on the 4-hour graph.
Important data for today:
GBP-11:30- Manufacturing PMI
USD-15:30- Fed Chair Yellen Speaks
17:00- ISM Manufacturing PMI
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Replies(1 - 9)
| SunBird |
May 8 2014, 12:50 PM
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Junior Money Maker
Group: Members
Posts: 34
Dream Points: 220
Experience Points: 84
Joined: 22-April 14
Member No.: 487,596
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Daily Analysis 2014-05-08
EURUSD- The euro is still looking strong against the dollar. The euro, currently at the moving average 50, is trading at 1.3920. If it crosses this point, it can reach the area of 1.3950 followed by 1.4050. If the euro drops down below 1.3890 on the MA-100, it may fall to 1.3860 followed by 1.3810.
USDCAD- The pair is below all moving averages on 1 and 4 hour graphs. On the daily graph, the pair is trying to reach the MA-200 at 1.0730. It may reach that point if it crosses yesterday's low of 1.0846.
CRUDE OIL- Oil, currently at the MA-200 on the 1 hour graph, is trading at 100.00. If it crosses that point, it may drop down to 99.40. If it remains strong, oil can reach the MA-200 on the 4 hour graph at 100.84.
USDJPY-The pair is near the sport point at 101.72. If it crosses this point, it can go down to 101.07 on the MA-200 daily graph.
Resistance is at 101.94. If the pair crosses this point it can go up to 101.15 on the MA-200 1 hour graph.
Important data for today:
14:00-GBP- Asset Purchase Facility
Official Bank Rate
15:30- EUR- ECB Press Conference
15:30- USD- Unemployment Claims
16:30- USD- Fed Chair Yellen Testifies
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| SunBird |
May 12 2014, 07:42 AM
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Junior Money Maker
Group: Members
Posts: 34
Dream Points: 220
Experience Points: 84
Joined: 22-April 14
Member No.: 487,596
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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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| SunBird |
May 13 2014, 12:42 PM
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Junior Money Maker
Group: Members
Posts: 34
Dream Points: 220
Experience Points: 84
Joined: 22-April 14
Member No.: 487,596
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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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| SunBird |
May 15 2014, 07:46 AM
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Junior Money Maker
Group: Members
Posts: 34
Dream Points: 220
Experience Points: 84
Joined: 22-April 14
Member No.: 487,596
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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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