GBPJPY: Strengthens, Eyes The 174.00 Level
GBPJPY – With GBPJPY extending its Friday strength, further bullishness is envisaged. On further gains, resistance lies at the 173.50 level followed by the 174.21 level where a break will aim at the 175.50 level. A cut through here will open the door for more downside towards the 176.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 172.50 level where a violation will aim at…Continue
Added by fxtech on September 1, 2014 at 11:51am — No Comments
Added by keikana on September 1, 2014 at 11:02am — No Comments
EURUSD has been falling sharply for the last couple of months and forming an extended decline from 1.3700 which we think it represents wave 3) within a larger bearish trend. Current price is now testing swing lows back from a year back that may react as a support for a corrective bounce up in red wave 4) that may unfold in September. Trend however remains down, and it may easily extend even to 1.3000 psychological before we get a bounce in corrective fashion, but sooner or later fourth…Continue
Added by Gregor Horvat on September 1, 2014 at 9:33am — No Comments
Outlook: Sell a rally
ST Resistance: 0.8470 (ahead of 0.8600)
ST Support: 0.8330 (ahead of 0.8260)
Initial support at 0.8330 held after an early test last week. While some support around the 0.8300 figure should be expected, the 50% Fib retracement level at 0.8260 is the major target for…
Added by Daologic on September 1, 2014 at 8:45am — No Comments
On Friday I closed two of my four long GBPUSD positions however cable is higher again this morning and I may hold on to this position for another 24 hours to see how this market evolves. We’ve already taken out last week’s high of 1.6613 and with daily…Continue
Added by Gary on September 1, 2014 at 8:31am — No Comments
Outlook in GBPUSD remains on the downside as long as resistance 1.6765/1.6888 holds on a weekly basis , support comes at the 1.6563 levels , losing this levels would open 1.6450 /1.6382 next , further downside will aim the 1.6251 levels . At this point I’d expect strong support from the 1.6251/1.6450 levels to contain fall from the 1.7190 levels and bring rebound . however ; sustained trading – weekly closing below the 1.6250 levels will bring free fall towards the 1.6058 levels ahead of…Continue
Added by Haitham653 on September 1, 2014 at 7:03am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.3220 holds on a weekly closing basis , support comes at the 1.3104 levels . At this point I still expect strong support from the 1.3104 levels to contain fall from 1.3993 levels and bring rebound before the next move , however ; sustained trading - weekly closing – below the 1.3104 levels will open the 1.3000 levels where a cut will open the 1.2750 levels.
On the upside , resistance comes at the 1.3220 levels ,…Continue
Added by Haitham653 on September 1, 2014 at 6:57am — No Comments
Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely…Continue
"CFTC data for currency futures through the week ending August 26th showed that investors and speculative accounts continue to bet big on an…Continue
Added by Daologic on September 1, 2014 at 4:42am — No Comments
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Friday's high 1.3195, low…Continue
Added by Nili on September 1, 2014 at 4:00am — No Comments
Buy above: 1.3147 Targets: 1.3176 --- 1.3211
Stoploss : 1.3112
I reported Dark Days over Europe were coming 3 months ago, those days are upon us. If Draghi takes on QE or any other devastating program, Eonia remains in negative territory for quite some time and EUR/USD heads far lower from present price. Not even the 2012 Greek crisis was this bad.
Eonia must cross 0.1009 and 0.0875 from present 0.1010. Price remains at a crucial point but essentially its going nowhere and remains at top of its range.
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on August 31, 2014 at 5:10pm — No Comments
EUR/USD remains in downtrend. In August last two weeks we have seen Eur weakness nearly 300 PIPS and close near to our support Zone of 1.3163 to 1.3131 level. In short term time frames showing some bullish divergense, we can expect some bullish run in short term.…Continue
EURUSD: Susceptible, Risk Points Lower
EURUSD: With a continuation of its previous week weakness seen the past week, further downside pressure is envisaged in the new week. Support lies at the 1.3100 level where a break will expose the 1.3050 level. Below here will pave the way for a move lower towards the 1.3000 level. If this continues, expect further downside to occur towards the 1.2950 level. On the upside, resistance lies at the 1.3200 level where a break will aim at the 1.3250…Continue
USDCHF: Faces Corrective Pullback Risk USDCHF: With USDCHF unable to follow through higher on the back of its previous week, it faces the risk of a pullback in the new week. On the upside, resistance resides at the 0.9200 level where a break will aim at the 0.9250 level. Further out, resistance resides at the 0.9300 level. A breather may occur here and turn the pair lower. On the downside, support lies at the 0.9150 level with a break targeting the 0.9100 level and then the 0.9050 level.…Continue
Added by fxtech on August 30, 2014 at 3:27pm — No Comments