For today
R4 - 1.1022 / R3 - 1.1013 / R2 - 1.0991 / R1 - 1.0967
SPOT 1.0944
S1 - 1.0893 / S2 - 1.0870 / S3 - 1.0843 / S4 - 1.0809
SELL AT 1.0950 FOR 1.0870; STOP AT 1.1015
Friday, July 31, 2015
Thursday, July 30, 2015
Support & Resistance for AUD/USD (SIGNAL)
For today
R4 - 0.7497 / R3 - 0.7450 / R2 - 0.7417 / R1 - 0.7382
SPOT 0.7313
S1 - 0.7257 / S2 - 0.7206 / S3 - 0.7178 / S4 - 0.7066
SHORT AT 0.7325 FOR 0.7070, STOP AT 0.7400
Wednesday, July 29, 2015
SUPPORT & RESISTANCE FOR NZD/USD (SIGNAL)
For today
R4 - 0.6866 / R3 - 0.6815 / R2 - 0.6771 / R1 - 0.6753
SPOT 0.6714
S1 - 0.6661 / S2 - 0.6639 / S3 - 0.6595 / S4 - 0.6555
BUY AT .6690 FOR .6866; STOP AT .6595
Tuesday, July 28, 2015
SUPPORT & RESISTANCE FOR EUR/USD (SIGNAL)
For today
R4 - 1.1216 / R3 - 1.1197 / R2 - 1.1163 / R1 - 1.1134
SPOT 1.1074
S1 - 1.1051 / S2 - 1.1018 / S3 - 1.0993 / S4 - 1.0969
BUY AT 1.1055 FOR 1.1200, STOP 1.0990
Monday, July 27, 2015
Some consolidation ahead of FOMC this week
EUR slowly recovers and makes its way through 1.1000. First resistance comes at 1.1020 as this is the H4 Senkou Span B price and breaing of it will escape from the negative H4 cloud which can be a good start ot the future recovery above 1.1100, which is the next resistance. The price is now supported by 1.0910. EUR has some upside potential but is possible to have some choppy trade and on Thursday and Friday to test 1.1100 and above. Volatility is very low bacause of the summer season and most traders will wait for the 20th of august when Greece is due to pay a huge amount of money. So it is quite possible to continue the consolidation to bullish mode until then.
GOLD seems has bulit some support above 1090, but Daily and Weekly indicators are heavy bearish. First resistance is 1104 and first support is at 1090. Around 1116 we shall face strong resistance of the H4 negative cloud, and any further recovery is possible only on a Daily close above 1130 which is pretty far from the current levels. I expect some range trade for this week between 1116 and 1090. any break below the support may cause another 20 USD slide for example.
NZD still is not able to close the day above 0.6625, this will be the signal for a recovery which is much needed at the moment however slide continues and the current support is 0.6500. Any break below 0.6560 will target 0.6500 and below once ahain.
AUD dropped again on Friday to 0.7260, the process here is quite similar to NZD. Below 0.7310 we are bearish on H4. H1 shows some recovery signs but the price is capped by 0.73-0.7310 resistance area and breaking above is needed to start any recovery. Any drop below 0.7280 will target 0.7250 first.
JPY has stopped the dollar progress at least for now. JPY is in a recovery mode pushing the price to the downside below 123.80. As long as we are below this we are bearish and the first target is 123.20 then 122.80 and finally 121.40. Below the last downside will gain more fresh power. Upside will be restored on a Daily close above 124.00.
GBP consolidates as the price was not able to stay above 1.5600 for a long time. first resistance is at 1.5560 and is followed by 1.5610. Only on a Daily close above the last the upside may continue, but seems summer is a lazy season and noone wants to risk at this low volatility market. Support is at 1.5410 and this may be tested before any new upside wave.
RUB continues to loose price slowly. We are bullish above 56.75, but quick drops to 56.30 are possibe in order to create some volatility. Drops to 55.60 won't destroy the bullish outlook this week.
Support & Resistance for GBP/USD (SIGNAL)
For today
R4 - 1.5701 / R3 - 1.5676 / R2 - 1.5621 / R1 - 1.5584
SPOT 1.5521
S1 - 1.5467 / S2 - 1.5450 / S3 - 1.5421 / S4 - 1.5364
LONG AT 1.5510 FOR 1.570; STOP AT 1.5450
Sunday, July 26, 2015
Friday, July 24, 2015
Support & Resistance for EUR/USD (SIGNAL)
For today
R4 - 1.1083 / R3 - 1.1061 / R2 - 1.1036 / R1 - 1.1023
SPOT 1.0970
S1 - 1.0952 / S2 - 1.0922 / S3 - 1.0900 / S4 - 1.0870
SELL AT 1.0985 FOR 1.0870, STOP 1.1025
Wednesday, July 22, 2015
Support & Resistance for AUD/USD (SIGNAL)
For today
R4 - 0.7567 / R3 - 0.7533 / R2 - 0.7497 / R1 - 0.7450
SPOT 0.7403
S1 - 0.7355 / S2 - 0.7325 / S3 - 0.7283 / S4 - 0.7268
LONG AT 0.7420 FOR 0.7600, STOP 0.7350
Monday, July 20, 2015
Support & Resistance for GBP/USD (SIGNAL)
For today
R4 - 1.5815 / R3 - 1.5789 / R2 - 1.5701 / R1 - 1.5676
SPOT 1.5606
S1 - 1.5535 / S2 - 1.5491 / S3 - 1.5451 / S4 - 1.5421
LONG AT 1.5625 FOR 1.5815, STOP 1.5535
Wednesday, July 15, 2015
Support & Resistance for EUR/USD (SIGNAL)
For today
R4 - 1.1163 / R3 - 1.1135 / R2 - 1.1089 / R1 - 1.1044
SPOT 1.1000
S1 - 1.0966 / S2 - 1.0916 / S3 - 1.0868 / S4 - 1.0819
SHORT AT 1.10 FOR 1.0820, STOP 1.1090
Monday, July 13, 2015
Deadline after deadline, still no decision...
Again EU leaders meet to decide what to do with Greece, it is quite possible Greece to stay in the eurozone but some restrictions and severe monitoring to be applied over government actions. Greek's prime minister promised the world that will do many things but noone believes him, me too. So i expect that by the end of this year we shall encounter the same situation with endless Eu leaders' meetings and no decision for weeks. EUR is locked into a 200 pips consolidation range, and if agreement is reached it may jump to 1.1500 and then it will drop again. If Greece is kicked out this will mean EUR drop below 1.00, noone at ECB wants this so i am sure Greece will stay, but some additional requirements will be applied. Some better than previous data is expected over the Atlantic on Thursday. That same day we shall have ECB rate decision and mr.Draghi speech which i expect to move the market strong. It is possibe EUR to move in either direction so stay out of the market until any final decision for Greece is taken, otherwise you may loose all your money in market sharp moves.
GOLD seems not stable enough and even has tested 1147 last week. Daily indicators are bearish and recovery is possible only on Daily close above 1168. H4 indcators are also bearish so i expect this slide to continue some more this week. We have support at 1148 and 1141. First resistance is 1168 then 1188 and 1202.
NZD bounced off 0.6620 level and is currently at the resistance area 0.6730-0.6750. breaking above it on Daily will signal for upside continuation. If the attempt fails and the price drops below 0.6700 it may test 0.6620 again and even lower.
AUD still has no luck with the recovery, the price is not able to break the 0.7500 resistance and currently we are again below this level. Weekly and Daily indicators are bearish, H4 are also bearish but show some signs of possible recovery. For now we are in consolidation to bearish mode and will stay in this state until we have a Daily close above 0.7500.
JPY has attacked the dollar last week but all it has done is a quick test of the 120.40 support and a sharp recovery of the dollar then. Now we are back inside the positive Daily Ichimoku and once above 123.30 the upside will be fully restored and the way to 125.00 will be opened again.
GBP's upside is blocked by the very strong resistance area 1.5550-1.5570 and the price will stay locked inside 1.5430-1.5570 until any of these is broken. Prepare for more sideways trade here. I expect finally moves to develop to the upside, but for now it is still not clear enough. Indicators are giving mixed directions for now as this week we shall have plenty of data from the UK.
RUB is trying to gain back some of the lost positions but there are two very strong support levels and until they are broken both these downside moves may be considered for corrections to buy at better price. First support is at 54.60 and the second one is at 53.30. Resistance is at 57.60.
Support & Resistance for AUD/USD (SIGNAL)
For today
R4 - 0.7599 / R3 - 0.7567 / R2 - 0.7533 / R1 - 0.7510
SPOT 0.7425
S1 - 0.7393 / S2 - 0.7372 / S3 - 0.7325 / S4 - 0.7283
SHORT AT 0.7455 FOR 0.7268, STOP 0.7510
Monday, July 6, 2015
Support & Resistance for EUR/USD (SIGNAL)
For today
R4 - 1.1195 / R3 - 1.1171 / R2 - 1.1124 / R1 - 1.1065
SPOT 1.1031
S1 - 1.0970 / S2 - 1.0955 / S3 - 1.0916 / S4 - 1.0887
SHORT AT 1.1055 FOR 1.0890, STOP 1.1125
Friday, July 3, 2015
Support & Resistance for GBP/JPY (SIGNAL)
For today
R4 - 195.26 / R3 - 193.95 / R2 - 193.53 / R1 - 193.02
SPOT 191.86
S1 - 191.73 / S2 - 191.15 / S3 - 190.16 / S4 - 188.99
LONG AT 192.00 FOR 195.80; STOP AT 191.00
Wednesday, July 1, 2015
Support & Resistance for EUR/USD (SIGNAL)
For today
R4 - 1.1278 / R3 - 1.1244 / R2 - 1.1195 / R1 - 1.1163
SPOT 1.1135
S1 - 1.1108 / S2 - 1.1084 / S3 - 1.1058 / S4 - 1.0986
LONG AT 1.1100 / FOR 1.1245 / SL 1.0985
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