buy @ 1.41300 for 1.4180; stop @ 1.4030
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/
Subscribe to:
Posts (Atom)
