For today
R4 - 1.1389 / R3 - 1.1336 / R2 - 1.1290 / R1 - 1.1225
SPOT 1.1187
S1 - 1.1157 / S2 - 1.1116 / S3 - 1.1072 / S4 - 1.1048
LONG AT 1.1150 FOR 1.1380; STOP AT 1.1040
Monday, May 4, 2015
Sunday, May 3, 2015
The Week Ahead - Monday May 04 2015
FXStreet ::: ECONOMIC CALENDAR
TUESDAY, MAY 05
AUD ::: RBA Interest Rate Decision
AUD ::: RBA Rate Statement
AUDUSD last week managed to reach the important level 0.8050, which showed us that the buyers are starting to switch sentiment from bearish to bullish. The market is expecting a decrease for RBA interest rate decision from 2.25% to 2.00% in case that happened we might see a wave of 150 or 200 pips on AUDUSD chart.
USD ::: ISM Non-Manufacturing PMI (Apr)
The market is expecting a decrease on this survey release from 56.5 to 56.2, & in case that happen the US Dollar might become weak during the hours which will follow this news release.
WEDNESDAY, MAY 06
NZD ::: Unemployment Rate (Q1)
The market is expecting a decrease from 1.2% to 0.8% & in case that happened NZDUSD might fall & currently its on 0.7538 level & this news event might let it fall 100 pips.
THURSDAY, MAY 07
GBP ::: Parliamentary Election
GBPUSD did fall last week from 1.54 to 1.51, & during the first 3 days of that week before the election day GBPUSD might get strength & push up on an attempt to retest 1.54 resistance level.
AUD ::: Employment Change s.a. (Mar)
AUD ::: Unemployment Rate s.a. (Mar)
The market is expecting an increase in unemployment number & in case that happened AUDUSD might fall during this news event.
FRIDAY, MAY 08
AUD ::: RBA Monetary Policy Statement
USD ::: Unemployment Rate (Apr)
USD ::: Nonfarm Payrolls (Apr)
The market is expecting an increase from 126K to 231K & in case that happened might be good for the US Dollar & majors might fall on that day versus the strength of the US Dollar.
CAD ::: Net Change in Employment (Apr)
CAD ::: Unemployment Rate (Apr)
USDCAD did correct from 1.27 to 1.21 during the last 4 months & it have space to jump up in case the US Dollar gain strength from a green NFP number & if Unemployment Rate number from Canada came in red, the last number was 6.8%.
Happy Trading,
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Thursday, April 30, 2015
Support & Resistance for EUR/USD (SIGNAL)
For today
R4 - 1.1245 / R3 - 1.1218 / R2 - 1.1188 / R1 - 1.1135
SPOT 1.1111
S1 - 1.1076 / S2 - 1.1014 / S3 - 1.0986 / S4 - 1.0959
BUY AT 1.1040 FOR 1.1245; STOP AT 1.0950
Monday, April 27, 2015
Support & Resistance for NZD/USD (SIGNAL)
For today
R4 - 0.7740 / R3 - 0.7687 / R2 - 0.7670 / R1 - 0.7635
SPOT 0.7606
S1 - 0.7537 / S2 - 0.7487 / S3 - 0.7422 / S4 - 0.7392
SHORT AT 0.7650 FOR 0.7425; STOP AT 0.7670
Sunday, April 26, 2015
The Week Ahead - April 27 2015
FXStreet ::: ECONOMICCALENDAR
TUESDAY, APR 28
AUDUSD starting the week at 0.78 & RBA Gov Glenn speech, might give strength for AUDUSD & it might continue pushing up toward reaching the important level 0.805
WEDNESDAY, APR 29
USD ::: Fed Interest Rate Decision
The Market is expecting the Fed interest rate decision to stay the same at 0.25%, & during the last 2 weeks the US Dollar been decreasing its strength letting the market correct after a long wait, & during this event, prices might continue to correct up against the US Dollar.
THURSDAY, APR 30
NZD ::: Monetary Policy Statement
NZD ::: RBNZ Interest Rate Decision
The market is expecting the interest rate decision to stay the same at 3.5% & currently NZDUSD is at 0.75 looking toward retesting 0.78 resistance level.
JPY ::: BoJ Monetary Policy Statement
JPY ::: BoJ Interest Rate Decision
Currently USDJPY is at 118.9 & this event might be its opportunity to revive the bullish momentum & again to start pushing toward 120.00 resistance level.
EUR ::: Unemployment Change (Apr)
EUR ::: Unemployment Rate s.a. (Apr)
EUR ::: Consumer Price Index (YoY) (Apr)
The market is expecting green numbers & in case that happen EURUSD might push above 1.1 resistance level & currently EURUSD is at 1.08 level.
Happy Trading,
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