Top Forex Brokers:Weekly Technical analysis for 14.04 - 18.04.2014

Top Forex Brokers:Weekly Technical analysis for 14.04 - 18.04.2014

Keywords: Forex Analysis,Forex Review,top Forex Brokers,Best Forex Brokers, forex trading strategy,forex trading system,forex trading signals.

  IMPORTANT ECONOMIC EVENTS DURING THE WEEK (GMT)

EURUSD:

 

After breaking through the purple bearish trend line, the price started bullish increase, following another bullish trend line (orange). With the opening of the markets this morning, the price opened with a gap of 36 bearish pips, which broke the orange bullish trend line. Meanwhile, the Momentum Indicator was also doing a bearish decrease, where the line has just crossed the 100-level in bearish direction. Since the price broke in bullish direction through the purple bearish trend line during the last week, the general movement of the price is expected to be bullish. For this reason, we believe that currently, the price might be doing a correction, which might stop in some of the potential supports of the price.

USDJPY:

As we see, the price broke through the blue support line, which connects the last few bottoms of the price. Right after the break, the price started consolidating. If you switch to a W1 chart, you will see the reason for the consolidation. There is another support on W1 (bullish trend), which is a result of the bottoms the price has formed (orange) and this is where the price is consolidating now. In other words, the price is testing the orange level. Having in mind that the price is testing the orange level for sixth time, we believe that the level will probably support the price and we will witness another bounce from the orange line. At the same time, we see that the Momentum Indicator has also formed a bullish trend line (blue) and it is testing it now. We might use the indicator as a trigger of an eventual position.

GBPUSD:

On the D1 chart we notice that after the third bounce from the pink bullish trend line (and also the blue bullish trend line), the price increased and was resisted by the 1.68170 level (turquoise), which marks the previous top of the price. A bearish bounce occurred afterwards. As you see, the turquoise resistance and the pink bullish trend line form an Ascending Triangle, which as we all know, has the potential to break in both directions. For this reason, it might be good to follow the scenario of the Ascending triangle, until we see a break in bearish or bullish direction, where we would be able to go short or long respectfully.

USDCHF:

After dropping with the pink bearish trend line, the price did a bullish break through the trend line, where after consolidating for a while, it formed something like a small inverted Head and Shoulders formation. At the same time, the Momentum Indicator was visibly slowing down and changing its direction, which could be followed by a rounded line (blue). Now the Momentum Indicator is about to cross the 100-level line in bullish direction. For this reason, we believe that the price would start moving after the inverted Head and Shoulders formation, where the first resistance it would meet is the red line at 0.87970 and if the price breaks, we have another - the turquoise line at 0.88701.

AUDUSD:

The price is still following the blue bullish trend line and the inverted Head and Shoulders formation respectfully. The price has around 100 more bullish pips to take from its current position in order to fully complete the formation. Currently the price is trying to reach the blue bullish trend line, where a bullish bounce is likely to occur. At the same time, the Momentum Indicator is following a bullish trend line too and the indicator is currently testing the line. We would like to remind that the Momentum Indicator could be used as a position trigger if a bounce or a break in the trend line on the Momentum Indicator occur.

Source From: LiteForex Broker

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Top Forex Brokers:Weekly Economic Calendar For Apr 13, 2014-Apr 19, 2014

Top Forex Brokers:Weekly Economic Calendar For Apr 13, 2014-Apr 19, 2014

 

(Timezone: GMT 8.0, DST off)

Date	Country	Event	Impact	Previous	Consensus
Sunday Apr 13, 08:00	India	Maha Shivratri
Sunday Apr 13, 08:00	India	Mahavir Jayanti
Sunday Apr 13, 08:00		IMF Meeting	Medium
Sunday Apr 14, 02:30	United States	FOMC Member Stein Speech	High
Monday Apr 14, 08:00	Singapore	Gross Domestic Product (QoQ)	Low	6.1%
Monday Apr 14, 08:00	Singapore	Gross Domestic Product (YoY)	Low	5.5%
Monday Apr 14, 10:00	China	M2 Money Supply (YoY)	Medium	13.3%	13.0%
Monday Apr 14, 10:00	China	New Loans	Medium	¥644.5	¥1000.0
Monday Apr 14, 10:00	China	FDI - Foreign Direct Investment (YTD)(YoY)	Medium	10.4%
Monday Apr 14, 14:00	Finland	Consumer Price Index (YoY)	Low	1.3%
Monday Apr 14, 15:00	Slovakia	Core Inflation (MoM)	Low	-0.1%
Monday Apr 14, 15:00	Slovakia	Core Inflation (YoY)	Low	0.3%
Monday Apr 14, 15:00	Slovakia	Headline Inflation (MoM)	Low	-0.1%
Monday Apr 14, 15:00	Slovakia	Headline Inflation (YoY)	Low	-0.1%
Monday Apr 14, 15:00	Czech Republic	Producer Price Index (MoM)	Low	0.0%
Monday Apr 14, 16:00	Italy	Consumer Price Index (EU Norm) (MoM)	Low	-0.3%	2.1%
Monday Apr 14, 16:00	Italy	Consumer Price Index (EU Norm) (YoY)	Low	0.4%	0.3%
Monday Apr 14, 16:00	Italy	Consumer Price Index (MoM)	Low	-0.1%	0.1%
Monday Apr 14, 16:00	Italy	Consumer Price Index (YoY)	Low	0.5%	0.4%
Monday Apr 14, 17:00	European Monetary Union	Industrial Production s.a. (MoM)	Low	-0.2%	0.2%
Monday Apr 14, 17:00	European Monetary Union	Industrial Production w.d.a. (YoY)	Medium	2.1%	1.7%
Monday Apr 14, 20:00	Poland	M3 Money Supply (YoY)	Low	5.3%
Monday Apr 14, 20:30	United States	Retail Sales (MoM)	High	0.3%	0.8%
Monday Apr 14, 20:30	United States	Retail Sales ex Autos (MoM)	High	0.3%	0.4%
Monday Apr 14, 22:00	United States	Business Inventories	Medium	0.4%	0.5%
Monday Apr 14, 23:30	United States	3-Month Bill Auction	Low	0.03%
Monday Apr 14, 23:30	United States	6-Month Bill Auction	Low	0.05%
Monday Apr 15, 00:45	European Monetary Union	ECB Governing Council Member Christian Noyer speech	Low
Monday Apr 15, 06:00	Colombia	Industrial ouput (YoY)	Low	0.1
Monday Apr 15, 07:01	United Kingdom	BRC Retail Sales Monitor - All (YoY)	Low	-1.0%	0.5%
Tuesday Apr 15, 09:30	Australia	RBA Meeting's Minutes	Medium
Tuesday Apr 15, 13:00	Singapore	Retail Sales (MoM)	Low	0.6
Tuesday Apr 15, 13:00	Singapore	Retail Sales (YoY)	Low	0.1
Tuesday Apr 15, 13:00	Finland	Current Account	Low	€-0.4
Tuesday Apr 15, 14:00	Finland	Gross Domestic Product (YoY)	Low	0.2%
Tuesday Apr 15, 14:30	India	WPI Inflation	Low	4.68%
Tuesday Apr 15, 15:00	Turkey	3mth quarterly jobless average	Low	10.0%
Tuesday Apr 15, 15:00	Turkey	Quarterly Gross Domestic Product	Low	4.4%
Tuesday Apr 15, 15:15	Switzerland	Producer and Import Prices (MoM)	Medium	-0.4%	-0.1%
Tuesday Apr 15, 15:15	Switzerland	Producer and Import Prices (YoY)	Medium	-0.8%	-0.9%
Tuesday Apr 15, 15:30	Netherlands, The	Retail Sales (YoY)	Low	0.8%
Tuesday Apr 15, 16:00	Turkey	Budget Balance	Low	1.67
Tuesday Apr 15, 16:30	United Kingdom	Consumer Price Index (MoM)	Medium	0.5%	0.2%
Tuesday Apr 15, 16:30	United Kingdom	Consumer Price Index (YoY)	High	1.7%	1.6%
Tuesday Apr 15, 16:30	United Kingdom	Core Consumer Price Index (YoY)	High	1.7%
Tuesday Apr 15, 16:30	United Kingdom	DCLG House Price Index (YoY)	Low	6.8%
Tuesday Apr 15, 16:30	United Kingdom	PPI Core Output (YoY) n.s.a	Medium	1.1%	0.9%
Tuesday Apr 15, 16:30	United Kingdom	Producer Price Index - Input (MoM) n.s.a	Low	-0.4%	-0.1%
Tuesday Apr 15, 16:30	United Kingdom	Producer Price Index - Input (YoY) n.s.a	Low	-5.7%	-6.1%
Tuesday Apr 15, 16:30	United Kingdom	Producer Price Index - Output (MoM) n.s.a	Low	0.0%	0.1%
Tuesday Apr 15, 16:30	United Kingdom	Producer Price Index - Output (YoY) n.s.a	Low	0.5%	0.3%
Tuesday Apr 15, 16:30	United Kingdom	Retail Price Index (MoM)	Low	0.6%	0.3%
Tuesday Apr 15, 16:30	United Kingdom	Retail Price Index (YoY)	Low	2.7%	2.5%
Tuesday Apr 15, 16:30	United Kingdom	PPI Core Output (MoM) n.s.a	Low	0.1%	0.1%
Tuesday Apr 15, 17:00	European Monetary Union	Trade Balance n.s.a.	Medium	€0.9	€8.5
Tuesday Apr 15, 17:00	European Monetary Union	Trade Balance s.a.	Medium	€16.0
Tuesday Apr 15, 17:00	Germany	ZEW Survey - Current Situation	Medium	51.3	52.0
Tuesday Apr 15, 17:00	Germany	ZEW Survey - Economic Sentiment	High	46.6	46.0
Tuesday Apr 15, 17:00	European Monetary Union	ZEW Survey - Economic Sentiment	Medium	61.5	60.7
Tuesday Apr 15, 20:00	Poland	Consumer Price Index (MoM)	Low	0.1%
Tuesday Apr 15, 20:00	Poland	Consumer Price Index (YoY)	Low	0.7%
Tuesday Apr 15, 20:00	Brazil	Retail Sales (MoM)	Low	0.4%
Tuesday Apr 15, 20:30	United States	Consumer Price Index (MoM)	Medium	0.1%	0.1%
Tuesday Apr 15, 20:30	United States	Consumer Price Index (YoY)	High	1.1%	1.5%
Tuesday Apr 15, 20:30	United States	Consumer Price Index Core s.a	Low	236.12
Tuesday Apr 15, 20:30	United States	Consumer Price Index Ex Food & Energy (MoM)	Medium	0.1%	0.1%
Tuesday Apr 15, 20:30	United States	Consumer Price Index Ex Food & Energy (YoY)	High	1.6%	1.6%
Tuesday Apr 15, 20:30	United States	Consumer Price Index n.s.a (MoM)	Low	234.78	235.73
Tuesday Apr 15, 20:30	Canada	Manufacturing Shipments (MoM)	Medium	1.5%	1.1%
Tuesday Apr 15, 20:30	United States	NY Empire State Manufacturing Index	Low	5.61	7.25
Tuesday Apr 15, 20:30	United States	Fed's Lockhart speech	Low
Tuesday Apr 15, 20:45	United States	Fed's Yellen Speech	Medium
Tuesday Apr 15, 20:55	United States	Redbook index (MoM)	Low	-0.5%
Tuesday Apr 15, 20:55	United States	Redbook index (YoY)	Low	2.9%
Tuesday Apr 15, 21:00	United States	Net Long-Term TIC Flows	Medium	$7.3	$14.6
Tuesday Apr 15, 21:00	United States	Total Net TIC Flows	Low	$83.0
Tuesday Apr 15, 21:00	Peru	Gross Domestic Product	Low	4.23%
Tuesday Apr 15, 22:00	United States	NAHB Housing Market Index	Medium	47.0	49.0
Tuesday Apr 15, 23:30	United States	4-Week Bill Auction	Low	0.025%
Tuesday Apr 16, 04:00	United States	Philadelphia Fed's Plosser speech	Low
Tuesday Apr 16, 04:00	United States	Federal Reserve Bank of Boston President Rosengren Speech	Low
Tuesday Apr 16, 05:45	New Zealand	Consumer Price Index (YoY)	High	1.6%	1.7%
Tuesday Apr 16, 06:45	New Zealand	Consumer Price Index (QoQ)	Medium	0.1%	0.5%
Wednesday Apr 16, 09:00	United States	Fed Minneapolis's Narayana Kocherlakota speech	Low
Wednesday Apr 16, 09:30	Australia	Westpac Leading Index (MoM)	Medium	-0.1%
Wednesday Apr 16, 09:45	China	MNI Business Sentiment Indicator	Low	50.2
Wednesday Apr 16, 10:00	China	Gross Domestic Product (QoQ)	High	1.8%	1.4%
Wednesday Apr 16, 10:00	China	Gross Domestic Product (YoY)	High	7.7%	7.3%
Wednesday Apr 16, 10:00	China	Industrial Production (YoY)	Medium	8.6%	9.0%
Wednesday Apr 16, 10:00	China	Retail Sales (YoY)	Medium	11.8%	12.1%
Wednesday Apr 16, 10:00	China	Urban investment (YTD) (YoY)	Medium	17.9%	18.4%
Wednesday Apr 16, 12:30	Japan	Industrial Production (YoY)	Medium	10.3%
Wednesday Apr 16, 12:30	Japan	Capacity Utilization	Low	5.9%
Wednesday Apr 16, 12:30	Japan	Industrial Production (MoM)	Low	3.8%	-2.3%
Wednesday Apr 16, 14:15	Japan	Bank of Japan Governor Kuroda Speech	Medium
Wednesday Apr 16, 15:00	Slovakia	EU Norm Inflation (MoM)	Low	-0.1%
Wednesday Apr 16, 15:00	Slovakia	EU Norm Inflation (YoY)	Low	-0.1%
Wednesday Apr 16, 15:00	Austria	HICP (MoM)	Low	0.3
Wednesday Apr 16, 15:00	Austria	HICP (YoY)	Low	1.5
Wednesday Apr 16, 15:00	Czech Republic	Producer Price Index (YoY)	Low	-0.7%
Wednesday Apr 16, 16:00	Italy	Global Trade Balance	Low	€3.65	€1.27
Wednesday Apr 16, 16:00	Italy	Trade Balance EU	Low	€1.262
Wednesday Apr 16, 16:00	Norway	Trade Balance	Low	33.1
Wednesday Apr 16, 16:30	United Kingdom	Average Earnings excluding Bonus (3Mo/Yr)	Medium	1.3%	1.7%
Wednesday Apr 16, 16:30	United Kingdom	Average Earnings including Bonus (3Mo/Yr)	Medium	1.4%	1.8%
Wednesday Apr 16, 16:30	United Kingdom	Claimant Count Change	Medium	-34.6	-30.0
Wednesday Apr 16, 16:30	United Kingdom	Claimant Count Rate	Medium	3.6%
Wednesday Apr 16, 16:30	United Kingdom	ILO Unemployment Rate (3M)	Medium	7.2%	7.1%
Wednesday Apr 16, 16:30	India	M3 Money Supply	Low	13.5%
Wednesday Apr 16, 17:00	European Monetary Union	Consumer Price Index - Core (YoY)	High	1.0%	0.8%
Wednesday Apr 16, 17:00	European Monetary Union	Consumer Price Index (MoM)	Medium	0.3%	1.0%
Wednesday Apr 16, 17:00	European Monetary Union	Consumer Price Index (YoY)	High	0.7%	0.5%
Wednesday Apr 16, 17:00	Switzerland	ZEW Survey - Expectations	Medium	19.0
Wednesday Apr 16, 18:45	Germany	10-y Bond Auction	Medium	1.58%
Wednesday Apr 16, 19:00	South Africa	Retail Sales (YoY)	Low	6.8%
Wednesday Apr 16, 19:00	United States	MBA Mortgage Applications	Low	-1.6%
Wednesday Apr 16, 20:00	Poland	Net Inflation	Low	0.9%
Wednesday Apr 16, 20:00	Poland	Corporate Sector Wages	Low	4.0%
Wednesday Apr 16, 20:00	United States	FOMC Member Stein Speech	High
Wednesday Apr 16, 20:30	United States	Building Permits (MoM)	High	1.018	0.995
Wednesday Apr 16, 20:30	Canada	Canadian portfolio investment in foreign securities	Low	$2.34
Wednesday Apr 16, 20:30	Canada	Foreign portfolio investment in Canadian securities	Low	$1.09
Wednesday Apr 16, 20:30	United States	Housing Starts (MoM)	Medium	0.907	0.968
Wednesday Apr 16, 21:15	United States	Capacity Utilization	Low	78.8%	78.8%
Wednesday Apr 16, 21:15	United States	Industrial Production (MoM)	Medium	0.6%	0.5%
Wednesday Apr 16, 22:00	Canada	BoC Interest Rate Decision	High	1.0%	1.0%
Wednesday Apr 16, 22:00	Canada	BOC Rate Statement	High
Wednesday Apr 16, 22:30	Canada	Bank of Canada Monetary Policy Report	High
Wednesday Apr 16, 22:30	United States	EIA Crude Oil Stocks change	Medium	4.03
Wednesday Apr 16, 23:30	United States	Fed's Lockhart speech	Low
Wednesday Apr 17, 00:15	United States	Fed's Yellen Speech	Medium
Wednesday Apr 17, 02:00	United States	Fed's Beige Book	Medium
Wednesday Apr 17, 05:00	Korea, Republic of	Producer Price Index Growth	Low	0.0%
Wednesday Apr 17, 05:00	Korea, Republic of	Producer Price Index Growth (YoY)	Low	-0.9%
Wednesday Apr 17, 07:50	Japan	Foreign bond investment	Medium	¥-380.5
Wednesday Apr 17, 07:50	Japan	Foreign investment in Japan stocks	Medium	¥223.6
Thursday Apr 17, 08:00	Argentina	Maundy Thursday
Thursday Apr 17, 08:00	Colombia	Maundy Thursday
Thursday Apr 17, 08:00	Norway	Maundy Thursday
Thursday Apr 17, 08:00	Denmark	Maundy Thursday
Thursday Apr 17, 08:00	Iceland	Maundy Thursday
Thursday Apr 17, 08:00	Mexico	Maundy Thursday
Thursday Apr 17, 08:30	Japan	Bank of Japan Governor Kuroda Speech	Medium
Thursday Apr 17, 09:30	Australia	National Australia Bank's Business Confidence (QoQ)	Medium	8.0
Thursday Apr 17, 09:30	Australia	New Motor Vehicle Sales (MoM)	Low	0.1%
Thursday Apr 17, 09:30	Australia	New Motor Vehicle Sales (YoY)	Low	-3.5%
Thursday Apr 17, 13:00	Japan	Consumer Confidence Index	Medium	38.3
Thursday Apr 17, 14:00	Germany	Producer Price Index (MoM)	Low	0.0%	0.0%
Thursday Apr 17, 14:00	Germany	Producer Price Index (YoY)	Low	-0.9%	-0.7%
Thursday Apr 17, 15:00	Russia	Unemployment Rate	Low	5.6%
Thursday Apr 17, 15:30	Netherlands, The	Unemployment Rate s.a (3M)	Low	8.8%
Thursday Apr 17, 16:00	European Monetary Union	Current Account n.s.a	Low	€6.4
Thursday Apr 17, 16:00	European Monetary Union	Current Account s.a	Low	€25.3
Thursday Apr 17, 17:00	Greece	Current Account (YoY)	Low	€-0.295
Thursday Apr 17, 18:50	United Kingdom	10-y Bond Auction	Low	2.93%
Thursday Apr 17, 20:00	Poland	Industrial Output (YoY)	Low	5.3%
Thursday Apr 17, 20:00	Poland	Producer Price Index (YoY)	Low	-1.4%
Thursday Apr 17, 20:00	Brazil	Mid-month Inflation	Low	0.73%
Thursday Apr 17, 20:00	Brazil	Unemployment Rate	Low	5.1%
Thursday Apr 17, 20:30	Canada	Bank of Canada Consumer Price Index Core (MoM)	Medium	0.7%
Thursday Apr 17, 20:30	Canada	Bank of Canada Consumer Price Index Core (YoY)	High	1.2%
Thursday Apr 17, 20:30	Canada	Consumer Price Index - Core (MoM)	Low	0.7%	0.3%
Thursday Apr 17, 20:30	Canada	Consumer Price Index (MoM)	Medium	0.8%	0.4%
Thursday Apr 17, 20:30	Canada	Consumer Price Index (YoY)	High	1.1%
Thursday Apr 17, 20:30	United States	Continuing Jobless Claims	Medium	2.776
Thursday Apr 17, 20:30	United States	Initial Jobless Claims	High	300.0	316.0
Thursday Apr 17, 21:00	Belgium	Consumer Confidence Index	Low	-8.0
Thursday Apr 17, 22:00	United States	Philadelphia Fed Manufacturing Survey	Medium	9.0	9.8
Thursday Apr 17, 22:30	United States	EIA Natural Gas Storage change	Low	4.0
Thursday Apr 18, 03:00	United States	American Petroleum Institute Monthly Report	Low
Thursday Apr 18, 06:00	Chile	BCCH Interest Rate	Low	4.0%
Thursday Apr 18, 07:50	Japan	Tertiary Industry Index (MoM)	Medium	0.9%	0.2%
Friday Apr 18, 08:00	Australia	CB Leading Indicator	Medium	0.2%
Friday Apr 18, 08:00	Colombia	Good friday
Friday Apr 18, 08:00	Hong Kong SAR	Good friday
Friday Apr 18, 08:00	Argentina	Good Friday
Friday Apr 18, 08:00	Australia	Good Friday
Friday Apr 18, 08:00	Canada	Good Friday
Friday Apr 18, 08:00	Switzerland	Good Friday
Friday Apr 18, 08:00	Chile	Good Friday
Friday Apr 18, 08:00	Germany	Good Friday
Friday Apr 18, 08:00	Spain	Good Friday
Friday Apr 18, 08:00	Finland	Good Friday
Friday Apr 18, 08:00	Indonesia	Good Friday
Friday Apr 18, 08:00	Norway	Good Friday
Friday Apr 18, 08:00	New Zealand	Good Friday
Friday Apr 18, 08:00	Portugal	Good Friday
Friday Apr 18, 08:00	Sweden	Good Friday
Friday Apr 18, 08:00	Singapore	Good Friday
Friday Apr 18, 08:00	United Kingdom	Good Friday
Friday Apr 18, 08:00	South Africa	Good Friday
Friday Apr 18, 08:00	Brazil	Good Friday
Friday Apr 18, 08:00	Denmark	Good Friday
Friday Apr 18, 08:00	India	Good Friday
Friday Apr 18, 08:00	Iceland	Good Friday
Friday Apr 18, 08:00	Mexico	Good Friday
Friday Apr 18, 08:00	Netherlands, The	Good Friday
Friday Apr 18, 08:00	Slovakia	Good Friday
Friday Apr 18, 08:00	Greece	Orthodox Good Friday
Friday Apr 18, 09:30	China	House Price Index	Low	8.7%
Friday Apr 18, 15:00	Hungary	Gross Wages (YoY)	Low	0.9%
Friday Apr 18, 15:30	Netherlands, The	Consumer Confidence Adj	Low	-7.0
Friday Apr 18, 16:00	Italy	Industrial Orders n.s.a (YoY)	Low	2.6%
Friday Apr 18, 16:00	Italy	Industrial Orders s.a (MoM)	Low	4.8%
Friday Apr 18, 16:00	Italy	Industrial Sales n.s.a. (YoY)	Low	3.0%
Friday Apr 18, 16:00	Italy	Industrial Sales s.a. (MoM)	Low	1.2%
Friday Apr 18, 17:00	Italy	Wage Inflation (MoM)	Low	0.1%
Friday Apr 18, 17:00	Italy	Wage Inflation (YoY)	Low	1.4%
Saturday Apr 19, 08:00	Hong Kong SAR	The day following Good Friday
Saturday Apr 19, 08:00	Argentina	Primary Budget Balance (MoM)	Low	412.5

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