Navigation FX - Technical Analysis

[Navigation FX]

Hi Everyone!

New to the forum, very excited to start here. Looking to post much material including fundamental and technical analysis on BabyPips. Currently this thread is on technical analysis.

We are a team of experts who work together.

We provide totally free SMS signals by our website: www.navigationfx.com

Our Promo Video:

Looking forward to interacting with new and professional forex traders like yourselves. You can ask us any questions and share your ideas!

Please feel free to message us, tweet us, post to us, comment and even start a conversation. Even if you think we are wrong, we can all have a great chat

Anyways, happy trading!

 

[Navigation FX]

NZD/USD – End of Week Technical Analysis

Since the rate cut from RBNZ from 2.00% to 1.75% the NZD has been on a bearish run.

We can see an equidistant channel from the technical analysis. It is approaching the support line of the channel.

By looking at RSI it is well below 50 (momentum turning bearish). If the support was to break the line of the channel, selling pressure will increase.

We estimate that if the channel breaks, NZD/USD will depreciate 500 pips (the height of the channel)

A really big short opportunity to look out for. Keep your eye on it.

 

[Navigation FX]

Sell orders at 200 Moving Average
Following last Friday's post of NZD/USD - Click here

The equidistant channel has broken, however sellers have not fully come into the market yet. We expect to see a vast amount of sellers emerging once the 200 moving average (purple line) is hit as shown in the graph.

Keep a close eye as this will be a big short opportunity....

 

[Navigation FX]

XAU/USD – Is there a new hope for Gold?

This is a real question many of us have been asking for some time now.

Gold has been on the increase with regards to instability and concern in global markets with this years peaks reaching to $1374 on the 11th July after UK’s Brexit vote to leave the European Union indefinitely. Since then, gold fell down to $1241 on the 7th October about amid ease that the world economy was not slowing down.

Tensions in the US elections was a main driver to the latest increase in gold prices in October and November. With most of the world stunned at Trump winning the US elections over Hillary Clinton to become the 45th president of the USA. Gold rose over 600 pips after the result.

Yet, gold fell sharply to $1211. Why is this? Investors saw that Trump is not as ‘aggressive’ as he was personed with his first speech indicating that he would work with all countries. Investors saw this as a positive note, appreciating the strong dollar and also having a thriving stock rally.

What hope is there at the movement?

Since USDX is on a strong move due to the increasing probability of a fed hike, it turns out that a Trump presidency might not be a big concern for markets, its is too early to talk about a decent gold rally. However, we may see a $10 recovery to $1240 due to short covering if the $1231 resistance is broken.

More here: http://www.navigationfx.com/xauusd-new-hope-gold/

 

[Navigation FX]

Crude Oil – Ascending Triangle

Crude oil prices had recorded a $2 rally yesterday after Opec Secretary-General Mohammed Barkindo said that they are fine tuning the production cut agreement for the first time in eight years. On Sept 28th, OPEC decided to reduce its output range between 32.5-33 million barrels a day where they are expected to meet this target on Nov 30th. A recent Bloomberg survey found that in October 34.02 million barrels were produced a day.

From looking at the graph, we drew an ascending trend line. We can see that there is a strong resistance at $52.20 where it has been tested twice as well as a strong support thus forming an ascending triangle.

If the rally continues and the resistance breaks, then the triangle implies there may be an increase of $16, a great long opportunity. However, as mentioned before, we are expecting to see weather OPEC can get to the target production that they are planning.

 

[Navigation FX]

EUR/GBP – What next for this major parity?

EUR/GBP has been on an upwards trend since BREXIT.

We see from the technical analysis that RSI is well in the undersold area and a invasion of buyers may well be looking to come in. With the RSI not passing under 30 since March 2015, it is highly unlikely too unless next weeks GDP data is not to expectations.

We expect to see buyers come in the market on the upward trend line which acts as a support.

For more: http://www.navigationfx.com/eurgbp-technical-analysis/

 

[Navigation FX]

NZD/USD - Strong support formed

NZD/USD has been on a relatively easy trend to follow.

The trend has been bullish since 20th January following reports of the economy growing.

On the 8th September the RBNZ decided to cut interest rates to 2.0% which led to an appreciation in the currency. We then see the same trend again on the 9th November where RBNZ cut interest rates to 1.75%. The currency appreciated over 380 pips.

We can see on the graph that a strong support has occurred (0.698), forming another channel perpendicular to the strong bullish channel in blue. RSI at 37 indicating to us that it is oversold. Maybe a good time to enter a long position.

If the resistance is broken (0.7056) we can expect it to surge to at least 0.7084. More to follow later on, keep a close eye.

 

[Navigation FX]

USD/CAD – Bearish Flag Formation

USDCAD has been under pressure form the strong US dollar because of the recent oil rally from OPEC expectations to reduce production.

The fall in USDCAD since the beginning of last week has created a bullish flag formation which implies when the flag is violated the price will move as much as the height of the flag which is 150-160 pips.

Fundamentally oil prices are set to decrease, therefore resulting in CAD weakness for this formation.

More here: http://www.navigationfx.com/usdcad-technical-analysis/

 

[Navigation FX]

Hi,

Our company are a team of experts who have at least 10 years experience in the field.

We provide TOTALLY FREE SMS signals by our website www.navigationfx.com I attached the screenshots of the messages and the simple sign up form.

Once you sign up, we will put you onto our database the same working day and you will start receiving signals.

Thanks!

 

[Navigation FX]

XTI/USD OPEC Crude Oil – Technical Analysis

Crude Oil – Head and Shoulders Pattern

The headline news this week is OPEC and Oil. Will OPEC deliver a production cut for oil?

All the eyes are on Vienna and OPEC’s annual gathering with a waited decision on production levels. An OPEC deal on Wednesday delivering a concrete supply reduction of at least 1M barrels a day, with non-members such as Russia on board could increase oil beyond the $40-$50 range.

Traders pushed Brent towards $50 a barrel last week. News on Friday that Saudi Arabia would not attend a meeting with Russia and Kazakhstan on Monday pulled back crude below $48.

Following our technical analyst. We had drawn an ascending triangle which seems to be very consistent as shown in our recent post. On the diagram we have highlighted the 2 shoulders. With both of these properties present, Crude Oil may be expected to fall $9 (the height between the head and the neckline).

The area highlighted in blue shows an estimation of where we believe this may happen if OPEC meeting.

However, there is much uncertainty still fundamentally, we are awaiting to hear more from OPEC on Wednesday.

For more: http://www.navigationfx.com/xtiusd-opec-crude-oil-technical-analysis/

Thanks for the read!

 

[Navigation FX]

USD/CAD – Bearish Golf Flag Formation

USDCAD had appreciated on the recent news of the OPEC agreement with Crude & Brent Oil rising over 10%.

A channel was formed as shown in our previous posts in which had broke. Currently USDCAD is showing bearish momentum with RSI down steeply at 41 points. If USDCAD breaks the golf flag formation, it may well drop down to the 100DMA (Orange line) to 1.3180 bringing in over 60 pips.

For more: http://www.navigationfx.com/usdcad-technical-analysis-2/

 

[Navigation FX]

EUR/USD channel with 38.2 fibo and 200 H4 MA crossing

EURUSD has been under pressure since the increase in USD from president elect trump and the Italian referendum, however since this afternoon EUR has recovered significantly among many of it’s pairs.

The image below shows the Daily EURUSD which has strong channel forming.

With the slight bullish trend, the H4 gives us a clearer picture of its momentum. RSI is at 45 viewing to us that it is undersold and that buying momentum is increasing.

We can see that at the 38.2 fibo level the 200 H4 DMA crosses. At this level we may see a sudden outbreak of buyers at 1.08070 bringing in potentially 80 pips.

For more: http://www.navigationfx.com/eurusd-technical-analysis-2/

 

[Navigation FX]

GBPCHF - Technical Analysis

The technical drawing shows a strong resistance at the 50.0 fibo level at 1.2897 with a descending triangle.
Adding to this RSI has dipped below 70, showing to us that buyers have overbought and are now slowly selling.
This may show a good opportunity to go short on GBPCHF.

A good support would be at the 38.2 fibo level at 1.2518. We may see a strong reaction once the 50 DMA and 100 DMA meet.
For more on this analysis and totally free SMS forex signals: http://www.navigationfx.com/gbpchf-technical-analysis/

Thanks for the read! Please comment/share

#forex #fx #technicalanalysis #trader #GBP #CHF

 

[Navigation FX]

USD/TRY – Triangle formation, breakout imminent
A few of you have been asking us to post a technical analysis of an exotic pair, so we choose to do one that we believe will bring in plenty of pips.

As many of you know, the Turkish Lira against the US Dollar has been its weakest in history with the TRY under constant pressure from the political instability and terrorist attacks that looms over the country. The strong dollar has also aided its depreciation.

A triangle formation has formed and we can see on the analysis that the triangle has been tested many times. With the continuing uncertainty in Turkey, when the triangle breaks, we may expect to see TRY depreciate at least 200 pips.

Just to note that the image shows a H1 graph. RSI is at 66.

 

[Navigation FX]

USD/CAD – Technical Analysis strong 50.0 fibo resistance and upward trendline
Canada has been under significant pressure with its economy with today’s disappointing GDP data including a contraction in manufacturing.

We firstly drew a trend-line on this daily chart and drew a fibo from its swing high of 1.4693 to the swing low of 1.2460. Firstly we saw that there is a good 50.0 resistance ranging form 1.3575-1.3585 with this being tested on the 14th April.

We may see USDCAD set to increase if this resistance is broken up to the 61.8 fibo level 1.3839. RSI is also showing a bullish trend at 63. If this resistance is broken, we well may see an increase of up to 300 pips! Yes. I said 300...For more: http://www.navigationfx.com/usdcad-technical-analysis-3/

 

[Navigation FX]

USD/TRY – TRIANGLE FORMATION, BREAKOUT
In the last week week of the year we have seen an increase in US dollar vs. TL. We see that the Turkish Lira has been depreciating against the US dollar against more than other emerging market currencies.

The past few days have shown that buyers remain control in this parity, breaking upwards in a triangle formation.

We see RSI flipping over, reaching towards 70 indicating that buyers are continuing their stance. Important places to note are 3.55-3.56 and 3.5960 resistances, where these points will react to increases... For more: http://www.navigationfx.com/usdtry-technical-analysis-2/

 

[Navigation FX]

USD/JPY – STRONG RESISTANCE
The Japanese Yen has been on a bearish run for some time now. There is pressure with regards to 2017 Monetary Policy divergence for both countries. The US aims at tightening the FED and in contrast Japan’s BOJ looks to ease.

By looking at the weekly view, we can really see that there was considerable support at 118.50 – 118.69 in late November 2014 to January 2016.

The new resistance now formed on the 11th December 2016... For more: http://www.navigationfx.com/usdjpy-technical-analysis-2/

 

[Navigation FX]

USD/CAD – BULLISH CHANNEL

We see that USDCAD has formed a bearish channel since early May 2016.

The parity climbed above 1.36 in the last week of 2016. Oil prices have risen, pushing the direction down over 400 pips.

USDCAD bounced the fourth time on the channel on the 6th January 2016. We see that RSI is near the 40 region as well as the 100 DMA, meaning that it could well continue this trend.

We may see the channel break if Wednesday the 18th January’s BoC interest rate decision decides to take a negative course. Also to look out is CPI and Core Retail sales data on Friday 20th January.... For more visit http://www.navigationfx.com/usdcad-technical-analysis-4/

 

[Navigation FX]

GBP/USD – Descending trend line

GBP has been falling with the wake that the UK may have a ‘hard brexit’ as opposed to a soft brexit. Recent developments include that the UK may not even have access to the EU single market.

Just come out a few minutes ago trade balance data has significantly missed expectations. A post that we will follow soon.

We can see in the technical analysis that the GBP is following a descending triangle. Key resistance points include 1.21059 which it had just tested. RSI daily is indicating that sellers are continuing to enter the market.

If the resistance of 1.21059 breaks, we may surely see sellers enter the market and rally the parity down further to 1.20658, making a potential of 40 pips... For more: http://www.navigationfx.com/gbpusd-technical-analysis-4/

 

[Navigation FX]

USD/CHF – Ascending Trend Line

Yesterday’s press conference with President-Elect Donald Trump was an interesting one to say the least. All talk about Russia and nothing on financial policies. Since after, we saw significant bullish movements in safe havens such as Gold, Japanese Yen and the Swiss Franc.

Technically we can see here that the parity has tested this support line on a few times. Just to let you know the graphic below is a 4-Hour chart (H4). Even though this an ascending trendline, the RSI is suggesting to us that selling momentum is increasing, meaning that if it tests again, it could break out.

If it were to break out, the next support would certainly be at 1.0000. A dangerous area as this is a psychological resistance, make sure to be careful in this vicinity.... For more: http://www.navigationfx.com/usdchf-technical-analysis-2/