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.

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


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


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


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