This is my FX: September 2015

Last Friday EUR has dropped from 1.1460 to 1.1280 ahead of elections in Greece. Today EUR has started the week with recovery and the first resistance coming is 1.1330, the second one is 1.1365. Only above the second we shall attack last Friday's top. Later today we have the Deutsche Bundesbank monthly statement which is not expected to cause any serious volatility. Eurozone's consumer confidence is the most important news on Tuesday. On Wednesday some PMI data and mr.Draghi speeks. For the last two days of the week i expect some dollar domination, and downside move for the EUR.

GOLD has started recovery and it was doing pretty well before reaching the Daily Senkou Span B price of the negative cloud. However after some hesitation here i expect the upside to continue, but drops to 1120 support are still possible. Please note that below 1120 bullish recovery is in danger and below 1112 it will be completely destroyed.

NZD has tested again 0.6240 support and for now it seems good enough to form a solid bottom and to start the process of recovery after the long slide down from 0.7740. You may try long from 0.6330 and short from 0.6500 as the pair has entered in a consolidation mode.

AUD has made two unsuccessful attempts to break the 0.7260-0.7280 resistance area so now it is quite possibe the pair to test the 0.7110 support before any new upside attempt. The possibility of breaking the support is also not too small, so be very careful. Above 0.7220 on H4 you may try small long, but place stop.

JPY has started a fresh process of recovery against the dollar, however today is a non working day in Japan and i expect of Tuesday the recovery of the JPY to continue to the fisrt support at 118.80. First resistance is 120.20 then 120.80. Only above 121.00 bearish outlook may be destroyed.

GBP/USD is making its way hard into the Weekly huge Ichimoku cloud and it won't escape drops to 1.5200 in the weeks ahead,maybe in October or November. The pair now desperately is trying to stay above 1.5500,because breaking below will mean start of the downside wave. We are in a sideways trade mode right now in the range 1.5455-1.5565

GBP/JPY The pair is now locked inside the 186.00-186.30 area. You have to allow it to escape this and then enter depending on which side this area has been broken. Next resistance is at 186.70, and below 186.00 next support is 185.70, below which more downside is expected.

RUB is currently targeting 64.10 support but i expect it to stop the downside move and to reverse to the upside. It is not impossible to test the second support at 62.00 but this will be short lived and the pair is going to make a quick recovery to the upside back to 64.50. i am expecting to end this week around and above 67.00

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/09/21/

Support & Resistance for GBP/USD (SIGNAL)

For today

R4 - 1.5819 / R3 - 1.5797 / R2 - 1.5720 / R1 - 1.5659

SPOT 1.5521

S1 - 1.5470 / S2 - 1.5392 / S3 - 1.5330 / S4 - 1.5289

LONG AT 1.5540 FOR 1.5815; STOP AT 1.5470

How to trade support & resistance levels

Friday, September 18, 2015

Support & Resistance for USD/CAD (SIGNAL)

For today

R4 - 1.3414 / R3 - 1.3400 / R2 - 1.3384 / R1 - 1.3354

SPOT 1.3173

S1 - 1.3050 / S2 - 1.3025 / S3 - 1.2952 / S4 - 1.2938

BUY AT 1.3150 FOR 1.3414; STOP AT 1.3050

How to trade support & resistance levels

Thursday, September 17, 2015

What will FOMC do this week?

EUR is slowly climbing up. Daily price is above SMA200 and as long as we are above 1.1270 everything seems bullish. We have several support levels below and the first one is 1.1250 then 1.1215 and finally 1.1160. Once above 1.1330 upside is going to continue until the next resistance at 1.1380 and then 1.1440. I think EUR is quite much possible to turn to downside again than going up because this week's ZEW index is expected to be worse than previous. And the most important news this week is FOMC meeting and will they raise the interest rate to 0.5. If they do, then it may cause another EUR drop below 1.1000 and even below 1.09, so be very careful and place stops.

GOLD as expected continued to move along the Daily Senkou Span A price and even dropped a little below it. To restore the upside here we need a Daily break above 1120 and we have a resistance right above at 1128 followed by 1140 and from there we have a long way to 1184. To the downside support is at 1097 then 1074 and finally 1052.

NZD is still unable to find solid ground and still no signs of correction move. The pair is in a downtrend for a long time and correction is possible only above 0.6420. Below 0.6300 another drop will follow.

AUD has started recovery and for now it is doing well. The pair is supported by 0.7110 and above this we are bullish, resistance comes at 0.7175 and then at 0.7210. There is a solid support area between 0.7050 and 0.7065, which for now prevents any significant downside attempts.

JPY consolidated now in smaller range after the huge drop two weeks ago. Now we are close to 120.00 level, some of the bulls still cannot accept that the upside is over, because is may be not. Daily outlook is still negative but not everything is lost shows Weekly chart. Another upside wave may start above 121.20 but below 119.50 downside will develop quick.

GBP/USD succeeded to stay above 1.5350 which for now prevents the pair from sudden price loss. We have good support area from 1.5320 to 1.5350. But once below downside will continue to 1.5120 and maybe below. Upside is more likely to be restored above 1.5540 which is the next resistance.

GBP/JPY here H4 indicators are bullish above 184.70, but the pair is still in a small downside correction which may continue for another day. Main support is at 184.20 and below that we may test 183.00. Above 186.00 upside will target 186.90 and 187.40.

RUB is in a consolidation between 68.40 and 66.00. I do not expect to break either of these two until FOMC on Thursday, so consolidation here will continue in the same range for the next two days.

http://www.fxstreet.com/analysis/todays-forex-forecast/2015/09/15/