What is Forex Analysis?

Forex analysis is the study of determining whether to buy, sell or wait to trade a currency pair. Currencies traded in pairs, with exchange rates based on the price of one currency relative to another, for example USDEUR = USD Vs Euro

SUMMARY

  • The dollar moved higher overall in Monday’s trading session, extending its rebound from a nearly three-year low started last week, taking away the fundamentals of the recent surge in Treasury yields and the prospect of a growth boost from higher US fiscal stimulus
  • Even though increased fiscal support has weakened the case for a rapid rate cut, the UK is still one of the countries worst hit by the pandemic, and combined with the negative effects of Brexit it means markets continue to hope that the BOE will eventually be forced to take rates negative, analysts write
  • The USD weakness narrative and broad passion for emerging markets have been challenged in the early sessions of the year more than we expected, which could lead to a rethinking of trade consensus, at least until next week, analysts predict
  • Dollar appreciation comes at a time of not only rising yields but also a period of risk-off created by increasing uncertainty about political developments in the US

Market EURUSD Analysis

Last Monday’s session continued the strengthening of the USD from the closing of the last pecan session and in the early Asian trading session it looks like it will continue to try to make a signal to the medium-term trend, the 1.2135 area is a signal of the medium term, a break and closing below 1.2112 will signal a continuation of the medium-term correction trend, on the other hand, the 1.2191 area (MA5 & 25) is a sign that the correction trend is restrained, a break and closing above that area will signal that the medium-term trend will be restrained. Buy levels : 1.2170-1.2195 Cutloss : 1.2140, Sell levels : 1.2155-1.2182 Cutloss : 1.2212

Strong Support : 1.2191
Strong Resistance : 1.2185

Market GBPUSD Analysis

The 1.3541 area (MA5 & 15) is a further signal for the Pound to strengthen, break and close above the 1.3580 area, the target to the 1.3636 area, on the other hand the 1.3504 area is a signal for the weakening of the pound, breaks and closes below the 1.3475 area, this area targets the 1.3434 area. Buy levels : 1.3475-1.3514 Cutloss : 1.3434, Sell levels : 1.3555-1.3595 Cutloss : 1.3636

Strong Support : 1.3504
Strong Resistance : 1.3570

Market AUDUSD Analysis

The 0.7734 (MA5) area is a signal for the Aussie to strengthen, break out and close above the 0.7756 area, target the 0.7777 area, on the other hand, the 0.7686 area is a signal for the Aussie to weaken, break and close below that area, target the 0.7636 area. Buy levels : 0.7636-0.7666 Cutloss : 0.7585, Sell levels : 0.7710-0.7747 Cutloss : 0.7788

Strong Support : 0.7655
Strong Resistance : 0.7756

Market USDJPY Analysis

Area 104.01 (MA5) is a signal for further strengthening of the Yen, breaks and closes below the 103.85 target area to the 103.67 area (MA15 & 25), on the other hand, the 104.45 area (MA100) is a signal for the weakening of the Yen, breaks and closes above the area, the target of 104.70. Buy levels : 103.75-103.98 Cutloss : 103.50, Sell levels : 104.20-104.44 Cutloss : 104.60

Strong Support : 103.80
Strong Resistance : 104.48

Market USDCHF Analysis

The 0.8915 area signals that the Swiss Franc is weakening, breaks and closes above 0.8929, the target is at the 0.8969 area, on the other hand the 0.8878 (MA15) area signals the Swiss Franc to strengthen and close below 0.8863 (MA25), the target to the 0.8834 area. Buy levels : 0.8857-0.8877 Cutloss : 0.8818, Sell levels : 0.8890-0.8920 Cutloss : 0.8958

Strong Support : 0.8865
Strong Resistance : 0.8915

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The rate and other information rendered herein by education & analysis PT Soegee Futures have been obtained from sources we believe reliable, but we can’t represent that they are complete and accurate. We are not responsible for any offer to sell or solicitation of an offer to purchase base on the rate and information contained 

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