Monday, December 21, 2015

Last Friday EUR has dropped from 1.1460 to 1.1280 ahead of elections in Greece. Today EUR has started the week with recovery and the first resistance coming is 1.1330, the second one is 1.1365. Only above the second we shall attack last Friday's top. Later today we have the Deutsche Bundesbank monthly statement which is not expected to cause any serious volatility. Eurozone's consumer confidence is the most important news on Tuesday. On Wednesday some PMI data and mr.Draghi speeks. For the last two days of the week i expect some dollar domination, and downside move for the EUR.

GOLD has started recovery and it was doing pretty well before reaching the Daily Senkou Span B price of the negative cloud. However after some hesitation here i expect the upside to continue, but drops to 1120 support are still possible. Please note that below 1120 bullish recovery is in danger and below 1112 it will be completely destroyed.

NZD has tested again 0.6240 support and for now it seems good enough to form a solid bottom and to start the process of recovery after the long slide down from 0.7740. You may try long from 0.6330 and short from 0.6500 as the pair has entered in a consolidation mode.

AUD has made two unsuccessful attempts to break the 0.7260-0.7280 resistance area so now it is quite possibe the pair to test the 0.7110 support before any new upside attempt. The possibility of breaking the support is also not too small, so be very careful. Above 0.7220 on H4 you may try small long, but place stop.

JPY has started a fresh process of recovery against the dollar, however today is a non working day in Japan and i expect of Tuesday the recovery of the JPY to continue to the fisrt support at 118.80. First resistance is 120.20 then 120.80. Only above 121.00 bearish outlook may be destroyed.

GBP/USD is making its way hard into the Weekly huge Ichimoku cloud and it won't escape drops to 1.5200 in the weeks ahead,maybe in October or November. The pair now desperately is trying to stay above 1.5500,because breaking below will mean start of the downside wave. We are in a sideways trade mode right now in the range 1.5455-1.5565

GBP/JPY The pair is now locked inside the 186.00-186.30 area. You have to allow it to escape this and then enter depending on which side this area has been broken. Next resistance is at 186.70, and below 186.00 next support is 185.70, below which more downside is expected.

RUB is currently targeting 64.10 support but i expect it to stop the downside move and to reverse to the upside. It is not impossible to test the second support at 62.00 but this will be short lived and the pair is going to make a quick recovery to the upside back to 64.50. i am expecting to end this week around and above 67.00

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/09/21/

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5819 / R3 - 1.5797 / R2 - 1.5720 / R1 - 1.5659

SPOT 1.5521

S1 - 1.5470 / S2 - 1.5392 / S3 - 1.5330 / S4 - 1.5289

LONG AT 1.5540 FOR 1.5815; STOP AT 1.5470

How to trade support & resistance levels

Friday, September 18, 2015

Support & Resistance for USD/CAD (SIGNAL)

For today

R4 - 1.3414 / R3 - 1.3400 / R2 - 1.3384 / R1 - 1.3354

SPOT 1.3173

S1 - 1.3050 / S2 - 1.3025 / S3 - 1.2952 / S4 - 1.2938

BUY AT 1.3150 FOR 1.3414; STOP AT 1.3050

How to trade support & resistance levels

Thursday, September 17, 2015

What will FOMC do this week?

EUR is slowly climbing up. Daily price is above SMA200 and as long as we are above 1.1270 everything seems bullish. We have several support levels below and the first one is 1.1250 then 1.1215 and finally 1.1160. Once above 1.1330 upside is going to continue until the next resistance at 1.1380 and then 1.1440. I think EUR is quite much possible to turn to downside again than going up because this week's ZEW index is expected to be worse than previous. And the most important news this week is FOMC meeting and will they raise the interest rate to 0.5. If they do, then it may cause another EUR drop below 1.1000 and even below 1.09, so be very careful and place stops.

GOLD as expected continued to move along the Daily Senkou Span A price and even dropped a little below it. To restore the upside here we need a Daily break above 1120 and we have a resistance right above at 1128 followed by 1140 and from there we have a long way to 1184. To the downside support is at 1097 then 1074 and finally 1052.

NZD is still unable to find solid ground and still no signs of correction move. The pair is in a downtrend for a long time and correction is possible only above 0.6420. Below 0.6300 another drop will follow.

AUD has started recovery and for now it is doing well. The pair is supported by 0.7110 and above this we are bullish, resistance comes at 0.7175 and then at 0.7210. There is a solid support area between 0.7050 and 0.7065, which for now prevents any significant downside attempts.

JPY consolidated now in smaller range after the huge drop two weeks ago. Now we are close to 120.00 level, some of the bulls still cannot accept that the upside is over, because is may be not. Daily outlook is still negative but not everything is lost shows Weekly chart. Another upside wave may start above 121.20 but below 119.50 downside will develop quick.

GBP/USD succeeded to stay above 1.5350 which for now prevents the pair from sudden price loss. We have good support area from 1.5320 to 1.5350. But once below downside will continue to 1.5120 and maybe below. Upside is more likely to be restored above 1.5540 which is the next resistance.

GBP/JPY here H4 indicators are bullish above 184.70, but the pair is still in a small downside correction which may continue for another day. Main support is at 184.20 and below that we may test 183.00. Above 186.00 upside will target 186.90 and 187.40.

RUB is in a consolidation between 68.40 and 66.00. I do not expect to break either of these two until FOMC on Thursday, so consolidation here will continue in the same range for the next two days.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/09/15/

Wednesday, September 16, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5720 / R3 - 1.5563 / R2 - 1.5509 / R1 - 1.5476

SPOT 1.5351

S1 - 1.5321 / S2 - 1.5280 / S3 - 1.5246 / S4 - 1.5165

LONG AT 1.5340 FOR 1.5563; STOP AT 1.5280

How to trade support & resistance levels

Tuesday, September 15, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7318 / R3 - 0.7285 / R2 - 0.7250 / R1 - 0.7216

SPOT 0.7136

S1 - 0.7063 / S2 - 0.7030 / S3 - 0.6946 / S4 - 0.6898

BUY AT 0.7100 FOR 0.7250; STOP AT 0.7030

How to trade support & resistance levels

Friday, September 11, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1438 / R3 - 1.1402 / R2 - 1.1364/ R1 - 1.1332

SPOT 1.1283

S1 - 1.1230 / S2 - 1.11172 / S3 - 1.1122 / S4 - 1.1087

SHORT AT 1.1315 FOR 1.11; STOP AT 1.1405

How to trade support & resistance levels

Wednesday, September 9, 2015

Support & Resistance for USD/CAD (SIGNAL)

For today

R4 - 1.3414 / R3 - 1.3400 / R2 - 1.3384 / R1 - 1.3354

SPOT 1.3189

S1 - 1.3100 / S2 - 1.3060 / S3 - 1.3025 / S4 - 1.2952

LONG AT 1.3185 FOR 1.3380; STOP AT 1.3100

How to trade support & resistance levels

Tuesday, September 8, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5509 / R3 - 1.5449 / R2 - 1.5408 / R1 - 1.5330

SPOT 1.5274

S1 - 1.5165 / S2 - 1.5089 / S3 - 1.5054 / S4 - 1.5028

SELL AT 1.5329 FOR 1.5090; STOP AT 1.5450

How to trade support & resistance levels

Monday, September 7, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1364 / R3 - 1.1332 / R2 - 1.1252 / R1 - 1.1208

SPOT 1.1146

S1 - 1.1084 / S2 - 1.1017 / S3 - 1.0961 / S4 - 1.0925

SHORT AT 1.1175 FOR 1.1020; STOP AT 1.1260

How to trade support & resistance levels

Friday, September 4, 2015

Support & Resistance for NZD/USD (SIGNAL)

For today

R4 - 0.6561 / R3 - 0.6519 / R2 - 0.6480 / R1 - 0.6409

SPOT 0.6370

S1 - 0.6295 / S2 - 0.6232 / S3 - 0.6130 / S4 - 0.6092

SHORT AT 0.6400 FOR 0.6100; STOP AT 0.6520

How to trade support & resistance levels

Tuesday, September 1, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.55720 / R3 - 1.55563 / R2 - 1.55515/ R1 - 1.5443

SPOT 1.5361

S1 - 1.5330 / S2 - 1.5258 / S3 - 1.5219 / S4 - 1.5171

SELL AT 1.5420 FOR 1.5220; STOP AT 1.5515

How to trade support & resistance levels

Monday, August 31, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1397 / R3 - 1.1364 / R2 - 1.1317 / R1 - 1.1287

SPOT 1.1255

S1 - 1.1155 / S2 - 1.1107 / S3 - 1.1017 / S4 - 1.0961

SHORT AT 1.1255 FOR 1.1020; STOP AT 1.1320

How to trade support & resistance levels

Sunday, August 30, 2015

buy GBP/USD

buy @ 1.5400 / TP 1.5450 / SL 1.5300

Wednesday, August 26, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5965 / R3 - 1.5930 / R2 - 1.5836 / R1 - 1.5819

SPOT 1.5696

S1 - 1.5668 / S2 - 1.5625 / S3 - 1.5606 / S4 - 1.5563

LONG AT 1.5700 FOR 1.5930; STOP AT 1.5625

How to trade support & resistance levels

Tuesday, August 25, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7373 / R3 - 0.7338 / R2 - 0.7318 / R1 - 0.7295

SPOT 0.7213

S1 - 0.7114 / S2 - 0.7050 / S3 - 0.6991 /S4 - 0.6954

SHORT AT 0.7210 FOR 0.6955; STOP AT 0.7295

How to trade support & resistance levels

Monday, August 24, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5836 / R3 - 1.5815 / R2 - 1.5789 / R1 - 1.5733

SPOT 1.5679

S1 - 1.5658 / S2 - 1.5595 / S3 - 1.5563 / S4 - 1.5535

LONG AT 1.5635 FOR 1.5789; STOP AT 1.5595

How to trade support & resistance levels

Sunday, August 23, 2015

sell EUR/AUD

sell @ 1.55634 / TP 1.55134 / SL 1.56735

Thursday, August 20, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7533 / R3 - 0.7497 / R2 - 0.7455 / R1 - 0.7409

SPOT 0.7351

S1 - 0.7281 / S2 - 0.7216 / S3 - 0.7178 / S4 - 0.7066

SHORT AT 0.7350 FOR 0.7070, STOP AT 0.7460

How to trade support & resistance levels

Wednesday, August 19, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1226 / R3 - 1.1189 / R2 - 1.1127 / R1 - 1.1094

SPOT 1.1047

S1 - 1.1011 / S2 - 1.0961 / S3 - 1.0925 / S4 - 1.0848

SHORT AT 1.1050 FOR 1.0850; STOP AT 1.1130

How to trade support & resistance levels

Tuesday, August 18, 2015

Support & Resistance for NZD/USD (SIGNAL)

For today

R4 - 0.6739 / R3 - 0.6674 / R2 - 0.6655 / R1 - 0.6614

SPOT 0.6602

S1 - 0.6515 / S2 - 0.6468 / S3 - 0.6403 / S4 - 0.6386

SHORT AT 0.6600 FOR 0.6405; STOP AT 0.6655

How to trade support & resistance levels

Sunday, August 16, 2015

sell EUR/AUD

sell @ 1.50642 / TP 1.50146 / SL 1.51703

Friday, August 14, 2015

Support & Resistance for USD/CAD (SIGNAL)

For today

R4 - 1.3303 / R3 - 1.3248 / R2 - 1.3213 / R1 - 1.3184

SPOT 1.3068

S1 - 1.2938 / S2 - 1.2862 / S3 - 1.2835 / S4 - 1.2805

LONG AT 1.3055 FOR 1.3303; STOP AT 1.2938

How to trade support & resistance levels

Thursday, August 13, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1292 / R3 - 1.1278 / R2 - 1.1244 / R1 - 1.1216

SPOT 1.1140

S1 - 1.1124 / S2 - 1.1088 / S3 - 1.1065 / S4 - 1.1011

BUY AT 1.1126 FOR 1.1278, STOP 1.1065

How to trade support & resistance levels

Wednesday, August 12, 2015

Support & Resistance for NZD/USD (SIGNAL)

For today

R4 - 0.6674 / R3 - 0.6645 / R2 - 0.6579 / R1 - 0.6558

SPOT 0.6482

S1 - 0.6459 / S2 - 0.6403 / S3 - 0.6386 / S4 - 0.6357

SELL AT 0.6550 FOR 0.6357; STOP AT 0.6645

How to trade support & resistance levels

Tuesday, August 11, 2015

Summer consolidation continues

EUR continues summer season consolidation, economic data does not move the pair significantly in either direction. Seems all are waiting for 20th august when Greece is due to pay another amount of money. Until that at least we shall consolidate is the range between 1.0860 and 1.1100. Currently the attempt to break 1.1030 has failed and the price returned back to the support 1.0940-60. If the price breaks below this area we may expect another 80-100 pips down. However i expect that the price will stay above 1.0900 for this week and will try to get back above 1.1000 again.

GOLD is using recently formed support at 1091 to get above 1100 again but for now without any success. H4 and H1 indicators are quite mixed and don't give any clear indication of possible direction but the metal seems to do more bullish than bearish moves at the moment. So it is quite possible to stay above 1100 for the days ahead. Upside target is 1123 and support is at 1091.

NZD still not able to escape the 0.6630-40 cap, and if it will the will face another resistance at 0.6675, the final resistance is 0.6750 but it is pretty far for the low volatility season. Support levels are 0.6530-0.6500-0.6480. Below 0.6570 the pair is bearish.

AUD marks a huge 130 pips drop this morning as it has reached the 0.7435 H4 SMA200 resistance. The pair is bearisg below 0.7345. Upside move will be restored only above 0.7400. Main support for this week is 0.7250.

JPY continues slowly upside move as the price is now above 124.60 the process is going to continue. H4 and Daily indicators are bullish too. First target is 125.00 and then 126.00.

GBP moves inside the Daily positive Ichimoku cloud and is likely to continue this for the rest of the week despite the cloud ends soon. Support is at 1.5500 and resistance is aroud 1.5580. Weekly resistance is at 1.5670 and for now is too far. Volatility is low and i do not expect any direction to be formed this week. Prepare for another sideways trade in the following days.

RUB has dropped to almost 65.00 against the dollar but since yesterday's open it gaind back some of the lost positions. However above 61.30 the pair remains bullish. Be careful because some drops to 61.50 are possible and below it we may see a downside correction move to 59.60 and below. Once above 64.00 the upside will be restored.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/08/11/

Monday, August 10, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7533 / R3 - 0.7497 / R2 - 0.7450 / R1 - 0.7429

SPOT 0.7400

S1 - 0.7310 / S2 - 0.7260 / S3 - 0.7235 / S4 - 0.7206

BUY AT 0.7360 FOR 0.7533; STOP AT 0.7310

How to trade support & resistance levels

Sunday, August 9, 2015

EUR/AUD buy (W1)

buy @ 1.47911 / TP 1.48411 / SL 1.46706

Friday, August 7, 2015

Support & Resistance for EUR/JPY (SIGNAL)

For today

R4 - 137.80 / R3 - 137.35 / R2 - 136.79 / R1 - 136.49

SPOT 136.25

S1 - 135.81 / S2 - 135.50 / S3 - 135.00 / S4 - 134.85

BUY AT 135.85 FOR 137.80, STOP 135.50

How to trade support & resistance levels

Monday, August 3, 2015

Support & Resistance for NZD/USD (SIGNAL)

For today

R4 - 0.6815 / R3 - 0.6771 / R2 - 0.6739 / R1 - 0.6675

SPOT 0.6586

S1 - 0.6536 / S2 - 0.6499 / S3 - 0.6459 / S4 - 0.6403

SHORT AT 0.6605 FOR 0.6460; STOP AT 0.6675

How to trade support & resistance levels

Consolidation across the market continues for another week

Low volatility summer period continues across the market, however is seem some currencies are trying to determine direction for this month. Last week H4 SMA200 has stopped the EUR recovery at the resistance area 1.1080-1.1100 and now the price has returned back to the support area 1.0960-1.0990. EUR for now continues consolidation with some bullish bias, and the bullish power will increase above 1.1020. however below 1.0950 the pair easily may drop to 1.0850 and 1.0800, so the current situation is pretty much unstable. I expect this wek to continue consolidation within the range 1.0950-1.1100

GOLD has recovered on Friday and closed near to 1100, but this is still not enough to reverse the bearish trend. To start a process of recovery and to confirm a fresh support area has benn created we need a Daily close above 1110. If this happens the next target will be the area between 1122 and 1132. Below 1090 the price may drop again to 1075-1080 in search of another support.

NZD opened today with a downside move and the price is again below 0.6600. This puts indicators again at bearish territory. First resistance is 0.6600, then 0.6640 and finally 0.6690. Below 0.6600 we are consolidating but drops to 0.6500 are quite possible.

AUD is now bearish, we had a sidaways move on Friday which produced no change of the future outlook. The pair remains bearish on almost all frames. We need to break above 0.7370 to start any recovery attempt. As long as the price is below 0.7330 we are bearish.

JPY is consolidating around 124.00 and for now is preserving all chances of future upside test of 126.00, but with the summer holidays noone seems interested in buying or selling the pair. Current support is 123.50 and resistance is 124.10. Weekly support is 123.30 and resistance is 124.80

GBP moves together with the Daily Senkou Span A price with the recently built support at 1.5560 upside recovery for now seems stable. However the 1.5710 reistance seems unbreakable for now. This week we shall have the BoE rate decision and some more economic data so these will move the pair and another fail at 1.5710 will reverse the move to the downside with possible targets 1.5550-1.5480-1.5440 and 1.5390.

RUB is doomed again with the Weekly and Monthly close above 61.00. The pair is bullish above 60.60 on all timeframes so i expect above this price the upside to continue. Main support is at 59.00 but we are far away from it right now, and bulls have nothing to worry about. Upside target is at 62.00.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/08/03/

Sunday, August 2, 2015

GBP/USD sell (W1)

sell @ 1.5626 / TP 1.5576 / 1.5736

Friday, July 31, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1022 / R3 - 1.1013 / R2 - 1.0991 / R1 - 1.0967

SPOT 1.0944

S1 - 1.0893 / S2 - 1.0870 / S3 - 1.0843 / S4 - 1.0809

SELL AT 1.0950 FOR 1.0870; STOP AT 1.1015

How to trade support & resistance levels

Thursday, July 30, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7497 / R3 - 0.7450 / R2 - 0.7417 / R1 - 0.7382

SPOT 0.7313

S1 - 0.7257 / S2 - 0.7206 / S3 - 0.7178 / S4 - 0.7066

SHORT AT 0.7325 FOR 0.7070, STOP AT 0.7400

How to trade support & resistance levels

Wednesday, July 29, 2015

SUPPORT & RESISTANCE FOR NZD/USD (SIGNAL)

For today

R4 - 0.6866 / R3 - 0.6815 / R2 - 0.6771 / R1 - 0.6753

SPOT 0.6714

S1 - 0.6661 / S2 - 0.6639 / S3 - 0.6595 / S4 - 0.6555

BUY AT .6690 FOR .6866; STOP AT .6595

How to trade support & resistance levels

Tuesday, July 28, 2015

SUPPORT & RESISTANCE FOR EUR/USD (SIGNAL)

For today

R4 - 1.1216 / R3 - 1.1197 / R2 - 1.1163 / R1 - 1.1134

SPOT 1.1074

S1 - 1.1051 / S2 - 1.1018 / S3 - 1.0993 / S4 - 1.0969

BUY AT 1.1055 FOR 1.1200, STOP 1.0990

How to trade support & resistance levels

Monday, July 27, 2015

Some consolidation ahead of FOMC this week

EUR slowly recovers and makes its way through 1.1000. First resistance comes at 1.1020 as this is the H4 Senkou Span B price and breaing of it will escape from the negative H4 cloud which can be a good start ot the future recovery above 1.1100, which is the next resistance. The price is now supported by 1.0910. EUR has some upside potential but is possible to have some choppy trade and on Thursday and Friday to test 1.1100 and above. Volatility is very low bacause of the summer season and most traders will wait for the 20th of august when Greece is due to pay a huge amount of money. So it is quite possible to continue the consolidation to bullish mode until then.

GOLD seems has bulit some support above 1090, but Daily and Weekly indicators are heavy bearish. First resistance is 1104 and first support is at 1090. Around 1116 we shall face strong resistance of the H4 negative cloud, and any further recovery is possible only on a Daily close above 1130 which is pretty far from the current levels. I expect some range trade for this week between 1116 and 1090. any break below the support may cause another 20 USD slide for example.

NZD still is not able to close the day above 0.6625, this will be the signal for a recovery which is much needed at the moment however slide continues and the current support is 0.6500. Any break below 0.6560 will target 0.6500 and below once ahain.

AUD dropped again on Friday to 0.7260, the process here is quite similar to NZD. Below 0.7310 we are bearish on H4. H1 shows some recovery signs but the price is capped by 0.73-0.7310 resistance area and breaking above is needed to start any recovery. Any drop below 0.7280 will target 0.7250 first.

JPY has stopped the dollar progress at least for now. JPY is in a recovery mode pushing the price to the downside below 123.80. As long as we are below this we are bearish and the first target is 123.20 then 122.80 and finally 121.40. Below the last downside will gain more fresh power. Upside will be restored on a Daily close above 124.00.

GBP consolidates as the price was not able to stay above 1.5600 for a long time. first resistance is at 1.5560 and is followed by 1.5610. Only on a Daily close above the last the upside may continue, but seems summer is a lazy season and noone wants to risk at this low volatility market. Support is at 1.5410 and this may be tested before any new upside wave.

RUB continues to loose price slowly. We are bullish above 56.75, but quick drops to 56.30 are possibe in order to create some volatility. Drops to 55.60 won't destroy the bullish outlook this week.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/07/27/

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5701 / R3 - 1.5676 / R2 - 1.5621 / R1 - 1.5584

SPOT 1.5521

S1 - 1.5467 / S2 - 1.5450 / S3 - 1.5421 / S4 - 1.5364

LONG AT 1.5510 FOR 1.570; STOP AT 1.5450

How to trade support & resistance levels

Sunday, July 26, 2015

Sell EUR/AUD

sell @ 1.5090 / TP 1.5040 / 1.5210

Friday, July 24, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1083 / R3 - 1.1061 / R2 - 1.1036 / R1 - 1.1023

SPOT 1.0970

S1 - 1.0952 / S2 - 1.0922 / S3 - 1.0900 / S4 - 1.0870

SELL AT 1.0985 FOR 1.0870, STOP 1.1025

How to trade support & resistance levels

Wednesday, July 22, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7567 / R3 - 0.7533 / R2 - 0.7497 / R1 - 0.7450

SPOT 0.7403

S1 - 0.7355 / S2 - 0.7325 / S3 - 0.7283 / S4 - 0.7268

LONG AT 0.7420 FOR 0.7600, STOP 0.7350

How to trade support & resistance levels

Monday, July 20, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5815 / R3 - 1.5789 / R2 - 1.5701 / R1 - 1.5676

SPOT 1.5606

S1 - 1.5535 / S2 - 1.5491 / S3 - 1.5451 / S4 - 1.5421

LONG AT 1.5625 FOR 1.5815, STOP 1.5535

How to trade support & resistance levels

Wednesday, July 15, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1163 / R3 - 1.1135 / R2 - 1.1089 / R1 - 1.1044

SPOT 1.1000

S1 - 1.0966 / S2 - 1.0916 / S3 - 1.0868 / S4 - 1.0819

SHORT AT 1.10 FOR 1.0820, STOP 1.1090

How to trade support & resistance levels

Monday, July 13, 2015

Deadline after deadline, still no decision...

Again EU leaders meet to decide what to do with Greece, it is quite possible Greece to stay in the eurozone but some restrictions and severe monitoring to be applied over government actions. Greek's prime minister promised the world that will do many things but noone believes him, me too. So i expect that by the end of this year we shall encounter the same situation with endless Eu leaders' meetings and no decision for weeks. EUR is locked into a 200 pips consolidation range, and if agreement is reached it may jump to 1.1500 and then it will drop again. If Greece is kicked out this will mean EUR drop below 1.00, noone at ECB wants this so i am sure Greece will stay, but some additional requirements will be applied. Some better than previous data is expected over the Atlantic on Thursday. That same day we shall have ECB rate decision and mr.Draghi speech which i expect to move the market strong. It is possibe EUR to move in either direction so stay out of the market until any final decision for Greece is taken, otherwise you may loose all your money in market sharp moves.

GOLD seems not stable enough and even has tested 1147 last week. Daily indicators are bearish and recovery is possible only on Daily close above 1168. H4 indcators are also bearish so i expect this slide to continue some more this week. We have support at 1148 and 1141. First resistance is 1168 then 1188 and 1202.

NZD bounced off 0.6620 level and is currently at the resistance area 0.6730-0.6750. breaking above it on Daily will signal for upside continuation. If the attempt fails and the price drops below 0.6700 it may test 0.6620 again and even lower.

AUD still has no luck with the recovery, the price is not able to break the 0.7500 resistance and currently we are again below this level. Weekly and Daily indicators are bearish, H4 are also bearish but show some signs of possible recovery. For now we are in consolidation to bearish mode and will stay in this state until we have a Daily close above 0.7500.

JPY has attacked the dollar last week but all it has done is a quick test of the 120.40 support and a sharp recovery of the dollar then. Now we are back inside the positive Daily Ichimoku and once above 123.30 the upside will be fully restored and the way to 125.00 will be opened again.

GBP's upside is blocked by the very strong resistance area 1.5550-1.5570 and the price will stay locked inside 1.5430-1.5570 until any of these is broken. Prepare for more sideways trade here. I expect finally moves to develop to the upside, but for now it is still not clear enough. Indicators are giving mixed directions for now as this week we shall have plenty of data from the UK.

RUB is trying to gain back some of the lost positions but there are two very strong support levels and until they are broken both these downside moves may be considered for corrections to buy at better price. First support is at 54.60 and the second one is at 53.30. Resistance is at 57.60.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/07/13/

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7599 / R3 - 0.7567 / R2 - 0.7533 / R1 - 0.7510

SPOT 0.7425

S1 - 0.7393 / S2 - 0.7372 / S3 - 0.7325 / S4 - 0.7283

SHORT AT 0.7455 FOR 0.7268, STOP 0.7510

How to trade support & resistance levels

Monday, July 6, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1195 / R3 - 1.1171 / R2 - 1.1124 / R1 - 1.1065

SPOT 1.1031

S1 - 1.0970 / S2 - 1.0955 / S3 - 1.0916 / S4 - 1.0887

SHORT AT 1.1055 FOR 1.0890, STOP 1.1125

How to trade support & resistance levels

Friday, July 3, 2015

Support & Resistance for GBP/JPY (SIGNAL)

For today

R4 - 195.26 / R3 - 193.95 / R2 - 193.53 / R1 - 193.02

SPOT 191.86

S1 - 191.73 / S2 - 191.15 / S3 - 190.16 / S4 - 188.99

LONG AT 192.00 FOR 195.80; STOP AT 191.00

How to trade support & resistance levels

Wednesday, July 1, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1278 / R3 - 1.1244 / R2 - 1.1195 / R1 - 1.1163

SPOT 1.1135

S1 - 1.1108 / S2 - 1.1084 / S3 - 1.1058 / S4 - 1.0986

LONG AT 1.1100 / FOR 1.1245 / SL 1.0985

How to trade support & resistance levels

Monday, June 29, 2015

FOREX forecast 29.06.2015 - 03.07.2015

EUR dropped once again following the failure to reach any agreement between Greece and European partners. Prepare for another drop tomorrow evening when is the deadline for Greece to pay the money. This week we have plenty of economic data but it all doesn't matter in the current situation. Markets are close to a panic state, and you should be extremely careful. If Greece is kicked out of the eurozone, EUR will drop dramatically to 1.04 and even below 1.0000 and GOLD will be reborn with fresh upside wave, but rumors are saying mrs.Merkel has the final word here, and she has a plan to save Greece. So i continue to think that Greece will stay in the eurozone this time too and will recieve money. For now you'd better stay away from the market and wait for a direction.

GOLD is waiting for the deadline too and in such situations many traders use it as the safety place to hide. We have 1191 and 1205 resistances above which we are bullish. Breaking of these levels will be the signal for buying.

NZD seems to build some support at 0.6820, but all indicators are still negative. If the pair is not able to break above 0.6870 or it drops below 0.6820 downside will continue. Only a Daily colse above 0.6880-90 may start the so needed recovery to the upside.

AUD is still in a consolidation near the support level 0.7550-80. This level has bounced the price several times since March this year and is possible to continue to cap any downside moves in future. However below 0.7700 all indiactors are bearish and show another slide ahead. Above 0.7710 a recovery to the upside is possible.

JPY opened the week with a small gap and is trying to gain control over the pair, but 121.90-122.00 level seems strong enough for now, and as long as we are above, the upside possibilities are intact. Resistance here is at 123.40, the pair will consolidate between these two until any of them is broken.

GBP has successfully closed last week above 1.5600 so it preserved chances of recovery continuation. Main support is still 1.5600 and main resistance is 1.5880. On Weekly the price approaches a huge negative Ichimoku cloud which may destroy the upside and press the price to the downside again this month if breaking of 1.5900 is not ssuccessful.

RUB has almost lost the battle with the dollar inside the Daily negative Ichimoku. We have a solid support at 54.20 and the target is set to 55.60. Any break of 56.20 may restart the dollar rally again. H4 indicators are bullish too. Situation is interesting on Weekly where we are just below the Senkou Span B price. If it is broken next target will be 58.80 and above.

http://www.forexstreet.net/profiles/blogs/forex-forecast-29-06-2015-03-07-2015?xg_source=activity

Tuesday, June 23, 2015

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.6022 / R3 - 1.6002 / R2 - 1.5945 / R1 - 1.5930

SPOT 1.5827

S1 - 1.5755 / S2 - 1.5700 / S3 - 1.5681 / S4 - 1.5643

LONG AT 1.5755 FOR 1.6020; STOP AT 1.5643

How to trade support & resistance levels

Monday, June 15, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7863 / R3 - 0.7846 / R2 - 0.7819 / R1 - 0.7793

SPOT 0.7718

S1 - 0.7678 / S2 - 0.7635 / S3 - 0.7598 / S4 - 0.7572

LONG AT 0.7715 FOR 0.7846; STOP AT 0.7635

How to trade support & resistance levels

Wednesday, June 10, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.7819 / R3 - 0.7789 / R2 - 0.7763 / R1 - 0.7730

SPOT 0.7693

S1 - 0.7631 / S2 - 0.7598 / S3 - 0.7572 / S4 - 0.7553

SHORT AT 0.7745 FOR 0.7570 OBJECTIVE, STOP 0.7790

How to trade support & resistance levels

Monday, June 1, 2015

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1153/ R3 - 1.1062 / R2 - 1.1043 / R1 - 1.1015

SPOT 1.0954

S1 - 1.0924 / S2 - 1.0868 / S3 - 1.0819 / S4 - 1.0732

SHORT AT 1.0930 FOR 1.0735; STOP AT 1.1015

How to trade support & resistance levels

Thursday, May 21, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.8135 / R3 - 0.8089 / R2 - 0.8052 / R1 - 0.8010

SPOT 0.7897

S1 - 0.7858 / S2 - 0.7843 / S3 - 0.7788 / S4 - 0.7774

LONG AT 0.7900 FOR 0.8160, STOP AT 0.7850

How to trade support & resistance levels

Thursday, May 14, 2015

Support & Resistance for NZD/USD (SIGNAL)

For today

R4 - 0.7684 / R3 - 0.7644 / R2 - 0.7629 / R1 - 0.7578

SPOT 0.7526

S1 - 0.7506 / S2 - 0.7460 / S3 - 0.7422 / S4 - 0.7402

BUY AT 0.7490 FOR 0.7640; STOP AT 0.7460

How to trade support & resistance levels

Tuesday, May 12, 2015

Support & Resistance for AUD/USD (SIGNAL)

For today

R4 - 0.8136 / R3 - 0.8076 / R2 - 0.8031 / R1 - 0.7972

SPOT 0.7896

S1 - 0.7850 / S2 - 0.7788 / S3 - 0.7764 / S4 - 0.7706

LONG AT 0.7950 FOR 0.8185; STOP AT 0.7850

How to trade support & resistance levels

Monday, May 11, 2015

MONDAY, May 11 The Week Ahead - May 11 2015

FXStreet ::: ECONOMIC CALENDAR

MONDAY, May 11 The Week Ahead - May 11 2015

MONDAY, MAY 11

GBP ::: BoE Asset Purchase Facility

GBP ::: BoE Interest Rate Decision

The Market is expecting BoE interest rate decision to stay at 0.5% & currently GBPUSD is at 1.54 & might continue climbing with steady steps up toward 1.58... As much 1.50 imp support hold GBPUSD is strongly bullish.

TUESDAY, MAY 12

GBP ::: NIESR GDP Estimate (3M) (Apr)

As much 1.50 imp support hold GBPUSD is strongly bullish.

WEDNESDAY, MAY 13

EUR ::: Gross Domestic Product s.a (QoQ) (Q1)

EUR ::: Gross Domestic Product s.a. (YoY) (Q1)

EURUSD is currently at 1.11 & if GDP number came in green EURUSD price might continue pushing up & next resistance level for EURUSD might be 1.14

GBP ::: BOE's Governor Carney speech

GBP ::: Bank of England Quarterly Inflation Report

As much 1.50 imp support hold GBPUSD is strongly bullish.

EUR ::: ECB Monetary Policy Meeting Accounts

USD ::: Retail Sales ex Autos (MoM) (Apr)

USD ::: Retail Sales (MoM) (Apr)

Green numbers from US might make the market correct, where if we got red numbers then the US Dollar might give strength to other majors & it's when we might see clearly on our chart the trend switch direction increasing as bullish on EURUSD & GBPUSD charts.

FRIDAY, MAY 15

JPY ::: Bank of Japan Governor Kuroda Speech

Currently USDJPY is holding next to 120.00 level & during this speech we might hear justifications for USDJPY to start its new jump up toward 125.00 resistance level.

Happy Trading,

Visit Forex Social Network at: http://www.forexstreet.net/?xg_source=msg_mes_network

Signals

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