buy @ 1.1250 for 1.1350, traling stop 80
Thursday, September 15, 2016
Sunday, July 31, 2016
Sunday, July 17, 2016
Sunday, July 3, 2016
Tuesday, June 21, 2016
Monday, May 23, 2016
Sunday, May 15, 2016
Sunday, April 10, 2016
Monday, April 4, 2016
Sunday, March 27, 2016
Sunday, March 20, 2016
Monday, March 14, 2016
Tuesday, March 8, 2016
Ahead of ECB rate decision markets are quiet
We have the ECB meeting this week and the eyes are on mr.Draghi. He said recently that ECB is ready to act in March. What means this si still not clear and the market is in a consolidation mode for the last two weeks. I expect it to remain in this state until Wednesday too. For no the price is locked between 1.0970 and 1.1050. Of course breaking of either is possible before ECB meeting, but the final direction will be determined after the decision is released. Any further cut of the ECB stimulus program is going to boost the upside and we are going to attack monthly Senkou Span A price at 1.1190 and the main resistance line at 1.1540, while any increase of the stimulus will encourege bears who will push the EUR to 1.0590 and below for the rest of the month. What exactly will happen we shall see.
GOLD continues to gain price as expected in my last week's forecast. Seems the 'flag' formation has done its job. We have resistances at 1310 and 1335, and i do not expect the second one to be broken this month. But please note we have some possibility to reach it. First support is 1238 then 1224. Below the second further drop is possible so quit longs.
NZD upside continues but seems not steady enough, however above 0.6760 we are bullish. Any daily close below 0.6750 will put the pair into a correction lower state, so follow closely the price movement and place SL. This week we shall have the rate decision here too, change is not expected, but who knows???
AUD had a powerful last week, but currently the price is facing the weekly Senkou Span A price at 0.7490. Main support is at 0.7250, below this one further downside is expected. We have an intermediate support at 0.7330.
JPY for now consolidates above 113.00, we have first resistance at 115.00 and the second stronger at 116.30 which i don't expect to be broken soon. Use any upside to open fresh Short positions. The outlook is bearish below 115.50.
GBP shows good volatility and gained last week from 1.3800 to 1.4200. Please note that we are still below the 1.4340 resistance and as long as we are below it the outlook is bearish. Only a daily close above 1.4450 could change the bearish outlook. If the price closes below 1.4040 sell again.
RUB performs good against the dollar, and keeps the pair's price close to 71.00 however it still cannot break it lower. Once this happens the price will continue to 68.40 whis is the next support. Above 75.00 some upside is possible and above 78.50 the upside will be fully restored.
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/03/07/
GOLD continues to gain price as expected in my last week's forecast. Seems the 'flag' formation has done its job. We have resistances at 1310 and 1335, and i do not expect the second one to be broken this month. But please note we have some possibility to reach it. First support is 1238 then 1224. Below the second further drop is possible so quit longs.
NZD upside continues but seems not steady enough, however above 0.6760 we are bullish. Any daily close below 0.6750 will put the pair into a correction lower state, so follow closely the price movement and place SL. This week we shall have the rate decision here too, change is not expected, but who knows???
AUD had a powerful last week, but currently the price is facing the weekly Senkou Span A price at 0.7490. Main support is at 0.7250, below this one further downside is expected. We have an intermediate support at 0.7330.
JPY for now consolidates above 113.00, we have first resistance at 115.00 and the second stronger at 116.30 which i don't expect to be broken soon. Use any upside to open fresh Short positions. The outlook is bearish below 115.50.
GBP shows good volatility and gained last week from 1.3800 to 1.4200. Please note that we are still below the 1.4340 resistance and as long as we are below it the outlook is bearish. Only a daily close above 1.4450 could change the bearish outlook. If the price closes below 1.4040 sell again.
RUB performs good against the dollar, and keeps the pair's price close to 71.00 however it still cannot break it lower. Once this happens the price will continue to 68.40 whis is the next support. Above 75.00 some upside is possible and above 78.50 the upside will be fully restored.
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/03/07/
Sunday, March 6, 2016
Thursday, March 3, 2016
EUR consolidates ahead ECB meeting in march
FOREX FORECAST 29.02.2016-04.03.2016
EUR is under pressure ahead the ECB meeting in march. The market is waiting for the ECB decision as mr.Draghi has said ECB is ready to act in march. So i expect some more sideways consolidation tduring whole this week and the beginning of the next too. The upside is limited by 1.1000 and 1.1050, while downside is supported by 1.0870 and 1.0800. Any drop below 1.0800 will cause another 200 pips drop or even more.
GOLD performs well because of the market's fear becaise of the ECB future decision. We have a clear 'flag' formation on Daily which suggests more upside is coming. For now 1215 serves as support level. Upside is limited by 1240-1250. Daily support is 1204 and reversal point is 1180.
NZD starts the week with some downside gap. The price is supported by Senkou Span B price at 0.6615 but we are currently below and this now serves as resistance. Further supports are 0.6580 and 0.6540. If we break them i think it won't last for long.
AUD uses 0.7100 support which is the Senkou Span B price too to get some more to the upside, but is facing two resistance levels at 0.7140 and 0.7160. Only a Daily close above the second cound be a signal for more upside in future.
JPY has lost again support at 113.20 and is currently heavy bearish. Indicators currently show more downside is comming. Targets are set again at 112 and 111. Upside is limited by 114.10 and i do not expect for it to be broken or even reached.
GBP has made a huge drop last week and this week it will look for support inside the support area of 1.3700-1.3900. Will the UK leave EU - well i think not, but rumors about possible leaving continue to destroy the pair's price.
RUB is trying to break the positive Daily cloud to the downside, however it not seems to give up so easy. Support is at 74.00 and resistance is 76.80. I think this week we shall continue to move in this range. But any close outside of it will start a new wave in same direction.
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/02/29/
EUR is under pressure ahead the ECB meeting in march. The market is waiting for the ECB decision as mr.Draghi has said ECB is ready to act in march. So i expect some more sideways consolidation tduring whole this week and the beginning of the next too. The upside is limited by 1.1000 and 1.1050, while downside is supported by 1.0870 and 1.0800. Any drop below 1.0800 will cause another 200 pips drop or even more.
GOLD performs well because of the market's fear becaise of the ECB future decision. We have a clear 'flag' formation on Daily which suggests more upside is coming. For now 1215 serves as support level. Upside is limited by 1240-1250. Daily support is 1204 and reversal point is 1180.
NZD starts the week with some downside gap. The price is supported by Senkou Span B price at 0.6615 but we are currently below and this now serves as resistance. Further supports are 0.6580 and 0.6540. If we break them i think it won't last for long.
AUD uses 0.7100 support which is the Senkou Span B price too to get some more to the upside, but is facing two resistance levels at 0.7140 and 0.7160. Only a Daily close above the second cound be a signal for more upside in future.
JPY has lost again support at 113.20 and is currently heavy bearish. Indicators currently show more downside is comming. Targets are set again at 112 and 111. Upside is limited by 114.10 and i do not expect for it to be broken or even reached.
GBP has made a huge drop last week and this week it will look for support inside the support area of 1.3700-1.3900. Will the UK leave EU - well i think not, but rumors about possible leaving continue to destroy the pair's price.
RUB is trying to break the positive Daily cloud to the downside, however it not seems to give up so easy. Support is at 74.00 and resistance is 76.80. I think this week we shall continue to move in this range. But any close outside of it will start a new wave in same direction.
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/02/29/
Sunday, February 28, 2016
Sunday, February 21, 2016
Sunday, February 14, 2016
Wednesday, February 10, 2016
Tuesday, February 9, 2016
Wednesday, January 27, 2016
EUR recovers a bit but the outlook is still bearish
FOREX forecast 25.01-29.01.2016EUR has started the week with small recovery from Friday's drop, however the future expectetions are for more downside as the ECB is ready to act again in March. If ECB anounces more stimilus i expect the EUR to drop below 1.000 and the process to continue through the rest of the year, reaching 0.96-0.94 area. Daily EUR chart is mixed with some upside potential recovery, but the H4 is definitely bearish and the first resistance is 1.0830, followed by 1.0860 and reversal is possible only above 1.0910. You may sell at first two resistances with no more than 15 pips SL or sell below 1.0800.
GOLD uses 1094.00 as support inside Daily negative Ichimoku and as we are above that support we may attack 1114.00 level which is the next important resistance. Supports are at 1087 and 1076, further drop is unlikely for now, as break above 1135 is also unlikely.
NZD is still trying to stay above 0.6490 as it is inside a H4 negative Ichimoku cloud. For now the Senkou Span B price acts as price limiter at 0.6530. Even if the price level is broken it won't be for long and the price will return back to 0.6500. this process seem to continue for the next 2-3 days.
AUD is in a recovery mode, for now the area 0.7060-0.7080 blocks further upside but once above we shall target 0.7140-50. Fail at either of these two resistance areas will trigger a fresh downside wave.
JPY lost some positions last Friday when some players prefer to take profit. This put the pait into a recovery mode above 118.40. However the recovery is limited by 119.00 and 119.70 resistances. And while the first one seems easy to break i am sure that the second one will not give up so easy. You may sell at the second one in case the first is broken. Support is 117.70.
GBP produced a long legs candle on Weekly, which means the market is confused what to do next. In this situation it is more likely some bears to tae part of their profit which will bring the price to 1.4490-1.4500 again. Further recovery is less possible because then these same bearsh will sell again. But for now i expect some more recovery.
RUB returns some lost positions due to massive profit taking since 86.00 has been reached. The price then dropped almost 10 USD to 76.00. Below 79.00 more profit taking is possible, but once above 80.70 upside will be restarted. Sideways trade is possible between 78.90 and 80.10.
From: http://www.fxstreet.com/analysis/todays-forex-forecast/2016/01/25/
Friday, January 22, 2016
Support & Resistance for EURGBP
R5 0.7875 2015 high
R4 0.7830 13 Jan 2015 high
R3 0.7800 figure, Nov 2014 low
R2 0.7766 * Sep 2014 low
R1 0.7700 figure
S1 0.7617 21 Jan low
S2 0.7583 * 19 Jan low
S3 0.7555 11 Jan high
S4 0.7500 * figure
S5 0.7443 * 11 Jan low
Rotating lower from the 0.7745/66 resistance to reach 0.7617 low. Below this will see scope to the 0.7600 level then the 0.7583 support and where break will swing focus lower to correct the strong up-leg seen in the new year to the 0.7500 level. Resistance now at the 0.7700 level then 0.7745/66 area.
R4 0.7830 13 Jan 2015 high
R3 0.7800 figure, Nov 2014 low
R2 0.7766 * Sep 2014 low
R1 0.7700 figure
S1 0.7617 21 Jan low
S2 0.7583 * 19 Jan low
S3 0.7555 11 Jan high
S4 0.7500 * figure
S5 0.7443 * 11 Jan low
Rotating lower from the 0.7745/66 resistance to reach 0.7617 low. Below this will see scope to the 0.7600 level then the 0.7583 support and where break will swing focus lower to correct the strong up-leg seen in the new year to the 0.7500 level. Resistance now at the 0.7700 level then 0.7745/66 area.
Thursday, January 21, 2016
Support & Resistance for USD/JPY
R5 119.70 5 Jan high
R4 118.83 * 8 Jan high
R3 118.38 * 13 Jan high
R2 118.11 * 19 Jan high
R1 117.69 20 Jan high
S1 116.51 15 Jan low
S2 115.98 20 Jan low
S3 115.86 * Jan 2015 yr low
S4 115.57 * Dec 2014 low
S5 115.31 13 Nov 14 low
Staging recovery from the 115.98 low though the upside still limited and only rally to clear the 118.00/38 resistance will fade the downside pressure. Below the 116.00 level will expose important support at the 115.86/57 lows, below which will trigger a 13-mth top pattern and see deeper decline.
R4 118.83 * 8 Jan high
R3 118.38 * 13 Jan high
R2 118.11 * 19 Jan high
R1 117.69 20 Jan high
S1 116.51 15 Jan low
S2 115.98 20 Jan low
S3 115.86 * Jan 2015 yr low
S4 115.57 * Dec 2014 low
S5 115.31 13 Nov 14 low
Staging recovery from the 115.98 low though the upside still limited and only rally to clear the 118.00/38 resistance will fade the downside pressure. Below the 116.00 level will expose important support at the 115.86/57 lows, below which will trigger a 13-mth top pattern and see deeper decline.
Wednesday, January 20, 2016
Support & Resistance for EUR/USD
R5 1.1140 23 Oct high
R4 1.1105 23 Sep low
R3 1.1087 * 3 Sep low, break
R2 1.1060 * 15 Dec high
R1 1.0993 28 Dec high
S1 1.0855 15 Jan low
S2 1.0835 14 Jan low
S3 1.0805 * 13 Jan low
S4 1.0771 7 Jan low
S5 1.0711 * 5 Jan low
R4 1.1105 23 Sep low
R3 1.1087 * 3 Sep low, break
R2 1.1060 * 15 Dec high
R1 1.0993 28 Dec high
S1 1.0855 15 Jan low
S2 1.0835 14 Jan low
S3 1.0805 * 13 Jan low
S4 1.0771 7 Jan low
S5 1.0711 * 5 Jan low
Extending bounce from the 1.0860 low and see scope to retest the 1.0985/93 highs. Lift over these and the 1.1000 level will see return to the 1.1060, Dec high. Support now at 1.0855 then the 1.0835/05 area. Only below the 1.0800 level will weaken and return focus to the 1.0711 low
Monday, January 18, 2016
Support & Resistance for GBP/USD
R5 1.4445 14 Jan 2016 high
R4 1.4428 15 Jan 2016 high
R3 1.4352 12 Jan 2016 low
R2 1.4325 intraday level
R1 1.4280 intraday level
S1 1.4228 ** 20 May 2010 low
S2 1.4110 * 30 Mar 2009 low
S3 1.4000 figure
S4 1.3958 2 Mar 2009 low
S5 1.3844 * 18 Mar 2009 low
View unchanged from this morning with the sharp decline last Friday below the 1.4352 support setting the bigger downmove from 1.4970 high back in motion with bears now eyeing lower support at 1.4228 ahead of 1.4110. Intraday trade to remain suppressive.
R4 1.4428 15 Jan 2016 high
R3 1.4352 12 Jan 2016 low
R2 1.4325 intraday level
R1 1.4280 intraday level
S1 1.4228 ** 20 May 2010 low
S2 1.4110 * 30 Mar 2009 low
S3 1.4000 figure
S4 1.3958 2 Mar 2009 low
S5 1.3844 * 18 Mar 2009 low
View unchanged from this morning with the sharp decline last Friday below the 1.4352 support setting the bigger downmove from 1.4970 high back in motion with bears now eyeing lower support at 1.4228 ahead of 1.4110. Intraday trade to remain suppressive.
Sunday, January 17, 2016
Friday, January 15, 2016
SUPPORT & RESISTANCE FOR EUR/USD
R5 1.1060 * 15 Dec high
R4 1.0993 * 28 Dec high
R3 1.0970 * 11 Jan high
R2 1.0943 14 Jan high
R1 1.0900 figure
S1 1.0800 * figure
S2 1.0771 7 Jan low
S3 1.0711 * 5 Jan low
S4 1.0689 25 Nov high
S5 1.0638 27 Nov high
Push above the 1.0900 level saw the upside checked at the 1.0940/46 and keep resistance at 1.0970/93 out of reach. More ranging action seen while the caps and break needed to see strength back to retest 1.1060 high. Support is at the 1.0800 level and break needed to return focus to 1.0711 low.
How to trade support & resistance levels
R4 1.0993 * 28 Dec high
R3 1.0970 * 11 Jan high
R2 1.0943 14 Jan high
R1 1.0900 figure
S1 1.0800 * figure
S2 1.0771 7 Jan low
S3 1.0711 * 5 Jan low
S4 1.0689 25 Nov high
S5 1.0638 27 Nov high
Push above the 1.0900 level saw the upside checked at the 1.0940/46 and keep resistance at 1.0970/93 out of reach. More ranging action seen while the caps and break needed to see strength back to retest 1.1060 high. Support is at the 1.0800 level and break needed to return focus to 1.0711 low.
How to trade support & resistance levels
Thursday, January 14, 2016
Support & Resistance for GBP/USD (SIGNAL)
R5 1.4663 4 Jan low
R4 1.4645 * 8 Jan high
R3 1.4600 * figure
R2 1.4534 7 Jan low
R1 1.4494 11 Jan low
S1 1.4352 12 Jan low
S2 1.4346 * 8 Jun 2010 low
S3 1.4260 25 May 2010 low
S4 1.4228 * 2010 low
S5 1.4110 * 30 Mar 2009 low
Struggling to hold the 1.4400 level and break here keep focus on the downside for retest of the 1.4352 low. Break here will see potential to 1.4260 then the 1.4228, 2010 low. Recent low at 1.4494 and 1.4534 now reverts to resistance and lift over these needed to trigger stronger recovery to
retrace steep drop from the Dec high.
R4 1.4645 * 8 Jan high
R3 1.4600 * figure
R2 1.4534 7 Jan low
R1 1.4494 11 Jan low
S1 1.4352 12 Jan low
S2 1.4346 * 8 Jun 2010 low
S3 1.4260 25 May 2010 low
S4 1.4228 * 2010 low
S5 1.4110 * 30 Mar 2009 low
Struggling to hold the 1.4400 level and break here keep focus on the downside for retest of the 1.4352 low. Break here will see potential to 1.4260 then the 1.4228, 2010 low. Recent low at 1.4494 and 1.4534 now reverts to resistance and lift over these needed to trigger stronger recovery to
retrace steep drop from the Dec high.
Short at 1.4550, stop at 1.4850, profit target at 1.4250
Short at 1.4650, stop at 1.4850, profit target at 1.4250
Wednesday, January 13, 2016
Support & Resistance for USD/CHF
R5 1.0266 3 Dec high
R4 1.0240 * Jan 2015 high
R3 1.0200 figure
R2 1.0125 * 5 Jan high
R1 1.0073 intraday level
S1 0.9966 12 Jan low
S2 0.9881 * 11 Jan low
S3 0.9853 * 24 Dec low
S4 0.9811 16 Dec low
S5 0.9786 * 14 Dec low
Bounce from the 0.9881 low to regain parity level seeing follow-through above the 1.0052 resistance. This clears the way for return above the 1.0100 level to retest the 1.0125 high. Bullish structure see support now at the 0.9966 then the 0.9923 and 0.9881 lows.
R4 1.0240 * Jan 2015 high
R3 1.0200 figure
R2 1.0125 * 5 Jan high
R1 1.0073 intraday level
S1 0.9966 12 Jan low
S2 0.9881 * 11 Jan low
S3 0.9853 * 24 Dec low
S4 0.9811 16 Dec low
S5 0.9786 * 14 Dec low
Bounce from the 0.9881 low to regain parity level seeing follow-through above the 1.0052 resistance. This clears the way for return above the 1.0100 level to retest the 1.0125 high. Bullish structure see support now at the 0.9966 then the 0.9923 and 0.9881 lows.
Tuesday, January 12, 2016
Support & Resistance for GBP/USD
R5 1.4786 29 Dec low
R4 1.4727 31 Dec low
R3 1.4663 4 Jan low
R2 1.4645 * 8 Jan high
R1 1.4600 figure
S1 1.4494 11 Jan low
S2 1.4394 9 Jun 2010 low
S3 1.4346 * 8 Jun 2010 low
S4 1.4260 25 May 2010 low
S5 1.4228 * 20 May 2010 low
Pressure stays on the downside and rejection from the 1.4604 high yesterday see scope to retest the 1.4500 level then the 1.4494 low. Clear break here will see further decline to 1.4394 and 1.4346 then the 1.4228, 2010 low. Would need lift over the 1.4600 level and 1.4645 ease downside pressure and see stronger bounce.
R4 1.4727 31 Dec low
R3 1.4663 4 Jan low
R2 1.4645 * 8 Jan high
R1 1.4600 figure
S1 1.4494 11 Jan low
S2 1.4394 9 Jun 2010 low
S3 1.4346 * 8 Jun 2010 low
S4 1.4260 25 May 2010 low
S5 1.4228 * 20 May 2010 low
Pressure stays on the downside and rejection from the 1.4604 high yesterday see scope to retest the 1.4500 level then the 1.4494 low. Clear break here will see further decline to 1.4394 and 1.4346 then the 1.4228, 2010 low. Would need lift over the 1.4600 level and 1.4645 ease downside pressure and see stronger bounce.
Monday, January 11, 2016
SUPPORT & RESISTANCE FOR EUR/USD
R5 1.1140 23 Oct high
R4 1.1087 * Sep low, break
R3 1.1060 * 15 Dec high
R2 1.1045 200-day MA
R1 1.0993 * 28 Dec high
S1 1.0853 intraday level
S2 1.0800 * figure
S3 1.0771 7 Jan low
S4 1.0711 * 5 Jan low
S5 1.0689 25 Nov high
Strong start to the week seeing extension of the rally from 1.0711 low last week with break above the 1.0940/46 area shifting focus to the 1.1000 level next. Beyond this will see the 200-day MA coming into play at 1.1045 then strong resistance area at 1.1060/87. Support now at the 1.0853 then 1.0800 level.
R4 1.1087 * Sep low, break
R3 1.1060 * 15 Dec high
R2 1.1045 200-day MA
R1 1.0993 * 28 Dec high
S1 1.0853 intraday level
S2 1.0800 * figure
S3 1.0771 7 Jan low
S4 1.0711 * 5 Jan low
S5 1.0689 25 Nov high
Strong start to the week seeing extension of the rally from 1.0711 low last week with break above the 1.0940/46 area shifting focus to the 1.1000 level next. Beyond this will see the 200-day MA coming into play at 1.1045 then strong resistance area at 1.1060/87. Support now at the 1.0853 then 1.0800 level.
Sunday, January 10, 2016
Friday, January 8, 2016
Support & Resistance for GBP/USD
For today
R5 - 1.4849 * 30 Dec high
R4 - 1.4816 4 Jan 2016 high
R3 - 1.4786 29 Dec low
R2 - 1.4726 5 Jan 2016 high
R1 - 1.4682 6 Jan high
S1 - 1.4556 intraday level
S2 - 1.4534 7 Jan 2016 low
S3 - 1.4505 11 Jun 2010 low
S4 - 1.4394 9 Jun 2010 low
S5 - 1.4346 * 8 Jun 2010 low
Bullish implication of Hammer set last session and bull-divergence on daily Stochastic are making bears wary at current depth and keeping intraday trade on a firmer tone during intraday trading and push to 1.4682 resistance will help garner upside momentum
R5 - 1.4849 * 30 Dec high
R4 - 1.4816 4 Jan 2016 high
R3 - 1.4786 29 Dec low
R2 - 1.4726 5 Jan 2016 high
R1 - 1.4682 6 Jan high
S1 - 1.4556 intraday level
S2 - 1.4534 7 Jan 2016 low
S3 - 1.4505 11 Jun 2010 low
S4 - 1.4394 9 Jun 2010 low
S5 - 1.4346 * 8 Jun 2010 low
Bullish implication of Hammer set last session and bull-divergence on daily Stochastic are making bears wary at current depth and keeping intraday trade on a firmer tone during intraday trading and push to 1.4682 resistance will help garner upside momentum
Thursday, January 7, 2016
SUPPORT & RESISTANCE FOR EUR/USD
R5 - 1.1010 16 Dec high
R4 - 1.0993 * 28 Dec high
R3 - 1.0946 * 4 Jan high
R2 - 1.0900 figure
R1 - 1.0853 31 Dec low
S1 - 1.0773 intraday level
S2 - 1.0711 * 5 Jan low
S3 - 1.0689 25 Nov high
S4 - 1.0638 27 Nov high
S5 - 1.0600 figure
Recovery from the 1.0711/16 lows to regain the 1.0800 level fades downside pressure and triggers stronger push towards the 1.0853 resistance. Beyond this will see scope to retest the 1.0900 level and 1.0946 high. Support now at 1.0773 then the 1.0711 low.
R4 - 1.0993 * 28 Dec high
R3 - 1.0946 * 4 Jan high
R2 - 1.0900 figure
R1 - 1.0853 31 Dec low
S1 - 1.0773 intraday level
S2 - 1.0711 * 5 Jan low
S3 - 1.0689 25 Nov high
S4 - 1.0638 27 Nov high
S5 - 1.0600 figure
Recovery from the 1.0711/16 lows to regain the 1.0800 level fades downside pressure and triggers stronger push towards the 1.0853 resistance. Beyond this will see scope to retest the 1.0900 level and 1.0946 high. Support now at 1.0773 then the 1.0711 low.
Tuesday, January 5, 2016
SUPPORT & RESISTANCE FOR EUR/USD (SIGNAL)
For today
R4 - 1.0992 / R3 - 1.0956 / R2 - 1.0944 / R1 - 1.0839
SPOT 1.0822
S1 - 1.0781 / S2 - 1.0763 / S3 - 1.0689 / S4 - 1.0638
LONG AT 1.0750 FOR 1.0950; STOP AT 1.0638
Monday, January 4, 2016
Happy and profitable year 2016
Wish you all a highly profitable Happy New Year 2016!!!I will start with some quick overview of this year's FOREX future outlook. FED has already started rising the interest rate and this process will continue through this year and the expectations are for it to reach around 1.35% by the end of this year. It is also expected USD to gain strength against all major currencies except GBP. The biggest loosers are expected to be AUD and NZD. However i must say that these are not my expectetions, but these are mostly rumors. In fact the real picture for the EUR will be more bearish than bullish this year. Parity with dollar is closer than ever and will become reality in a few months. I expect the EUR to drop below 1.00 this year too. For now i can figure out 0.96 as a potential target.Let's take now a look over the charts:EUR will look for support at 1.0820, first resistance comes at 1.0880, then 1.0920, and the bearish outlook will be reversed obly above 1.0945. On the other side a drop below 1.0800 will start a fresh downside move to 1.0690 and 1.0590. Then the pair will look for support around 1.0540 which was the last month's bottom.GOLD will continue to loose price however some quick jumps to 1072 are possible. Gold is into a downside trend which can be seen on Weekly and Monthly. Daily chart shows some consolidation to bearish move. Support area is 1050. For now every jump will be used to open short positions at a better price. Jumps over 1085 are not expected for now as my indicators keep telling me.NZD bounced back from the 0.6880 resistance but still doesn't give up with the idea to reach and attack the main resistance at 0.6950. If we have a clear break there the move will continue to 0.71. NZD will rely on two main supports, the first one is 0.6780 and the second one is 0.6760. if the second one is broken then a 100 pips drop will follow and maybe more.AUD price is locked in a 100 pips range between 0.7240 and 0.7340. It is not clear enough what direction will develop so you'd better stay away until one of the above is broken.JPY met some problems at 123.00-124.00 area, and unhappyly returned back to 120.00 support. Once below 120.00 the pair will target 118.50 support.GBP has finished last month of 2015 with a signficant slide, we had a big slide in november 2015 too. There is a support at 1.4650 which may stop the continuous slide. On all time frames the pair is extremely bearish and more slide is expected soon.RUB has a high volatility during the last day of 2015. The pair remains bullish above 70.00. Once above 73.50 you may enter LONG for 75.00 and above. Below 69.50 the pair will look for support at 67.50, but this is the less possible scenario for now.
Good luck!!!
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/01/03/
Good luck!!!
http://www.fxstreet.com/analysis/todays-forex-forecast/2016/01/03/
Sunday, January 3, 2016
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