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
Monday, August 31, 2015
Sunday, August 30, 2015
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
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
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
Sunday, August 23, 2015
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
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
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
Sunday, August 16, 2015
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
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
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
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.
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
Sunday, August 9, 2015
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
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
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.
Sunday, August 2, 2015
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