All Blog Posts (17,541)

Elliott Wave Intraday Analysis for GBP/USD 28-May-2013 8:03 IST

Gbp/Usd is trading in correction. Target still be on 1.5220. Last drop can be counted as a part of wave X, where it’s just halt on 61.8%.  From here, we can expect another move higher in form of wave Y, or else wave B is in place on 1.5155. Personally, I feel wave B is still not completed, and so continue with  my preferred count here.

Recommendation:

As part of building…

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Added by FxMind on May 28, 2013 at 2:41am — 12 Comments

EURUSD Observations

After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 will complete that pattern. If such a move takes place then deeper declines towards the psychological ranges of strong 1.2500 support ranges may be seen.

Weekly…

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Added by Himanshu Jain on May 28, 2013 at 1:00am — No Comments

$EURUSD: follow up of the short term EWP

Brief update:

So far from the July 2008 top the Double Zig Zag count is still valid.



If this is the case form the May 2011 lower high price has to unfold a Zig Zag down (ABC).

  • The wave (A) can be considered concluded at the July 2012…
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Added by ANDREA CALISSANO on May 27, 2013 at 6:18pm — No Comments

ING Bank - Commodity Currencies Re-align

ING Bank - "One of the major FX themes over the last month has been the correction lower in commodity currencies and the uplift that correction has provided to the dollar. The widespread perception is that abundant global liquidity has kept commodity currencies over-valued. And a combination of action by the commodity producers – and the perception that the Fed could be ready to remove the punchbowl of cheap funding - has finally prompted a re-alignment. We expect this trend to extend over…

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Added by Francesc Riverola on May 27, 2013 at 4:17pm — No Comments

EURUSD – Intraday Strategy (27 May 2013)

Recommendations: SHORT positions below 1.2993 with 1.2900/820 as next targets.

Alternative scenario:The upside breakout of 1.2993 will call for a rebound to 1.3050/115.

Description: The pair trades below its resistance at 1.2993 level, as long as this level holds, look for further losses towards 1.2900/820 levels, an hourly close above 1.2993 will reverse risks to the upside and call for a…

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Added by Haitham653 on May 27, 2013 at 2:18pm — 1 Comment

BMO - USDJPY Caution to Those that are Long, Patience to Those that Want to Be

BMO Capital Markets - "USDJPY is posting a bearish weekly outside reversal. Coupled with a weekly stochastic that is pinned in overbought territory and showing signs of turning lower and a MACD at or near 30 year highs, a technical case can be made for a more pronounced downside correction in the days/weeks ahead. 100.00 – the psychological level that failed to break on multiple attempts in April will be a clear swing point to the downside from here with a break targeting the bull channel…

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Added by Francesc Riverola on May 27, 2013 at 2:12pm — No Comments

TD Securities - EUR/USD short-term trend remains lower, key weekly support below 1.28 at risk

TD Securities - "EUR/USD’s medium-term technical picture retains a weak bias. On the daily chart, two features stand out. Firstly, spot remains below the 40– and 200-day MAs, which have also crossed negatively. Price slipping below these two benchmarks is a negative in and of itself. The MA crossover (bearish, in this case) has been, in our opinion, a reliable directional signal for EUR/USD in the past few years but we are less certain of the exact implications here as the two MAs are still…

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Added by Francesc Riverola on May 27, 2013 at 2:04pm — No Comments

Goldman Sachs - Traditional Influences Suggest AUD/USD ‘Could’ Trade as Low as 0.80, from 0.98 now...

Goldman Sachs - "The move in AUD/USD has led clients to ask how far the AUD could ultimately weaken against the greenback and, relatedly, whether or not AUD/USD will recouple with its traditional drivers – namely, interest rate differentials and commodity prices – given the decoupling since 2011.

A simple way of addressing this question is to determine where AUD/USD should be trading given its most basic macro fundamentals: the current 2-year swap rate differential between the two…

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Added by Francesc Riverola on May 27, 2013 at 2:00pm — No Comments

EURUSD – bearish, losing 1.2820 will expose 1.2745 !

The EURUSD found support at 1.2820 last week, now the pair is testing the key resistance  1.3000, however; as long as 1.3000 holds on a daily closing basis, the pair is likely to remain under pressure with risk towards 1.2820 levels, a daily close below 1.2820 will expose 1.2745 and target 1.2660 levels, losing 1.2660 sooner or later will look for 1.2400 levels.

On the upside, a daily close above 1.3000 would delay the bearish move and open the way towards the main…

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Added by Haitham653 on May 27, 2013 at 11:47am — 1 Comment

Expected market moves during last week of the month -27-31 May

Dear All

Today during my Asian session: Live market analysis webinar I explained the expected market moves for this week 27-31 May.Since it is last week of the month the market is expected to make very volatile moves with upward bias in majors.You may get more details about my analysis while viewing my recorded webinar.

Link to recorded webinar:…

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Added by Dr. Sivaraman on May 27, 2013 at 10:34am — No Comments

Westpac - FX Strategy Views: AUD/USD Over the month we see the Fed remaining dovish, so look for 0.98

Westpac -

  • "AUD/USD: Aussie is the whipping boy for USD bulls, with commodities struggling and domestic data leaving open RBA cut as soon as June. Specs should extend shorts, opening up a run towards 0.94 (into early June). Over the month we see the Fed remaining dovish, so look for 0.98.
  • NZD/USD: The long-awaited unwind of extremely long speculative positioning appears to be underway. The breakdown heralds…
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Added by Francesc Riverola on May 27, 2013 at 10:24am — No Comments

Danske Bank - Four arguments why EUR/USD might not sky-dive this summer

Danske Bank - "Last week Bernanke opened the door for an early exit of Fed's QE programme. An exit is likely to be a very important driver for broad-based USD strength, but we still think it is too early to position for a significant move lower in EUR/USD. We expect EUR/USD to trade in the high 1.20s in the coming months, and while risks are skewed to the downside we can at least find four arguments why EUR/USD might not sky-dive this summer: 1) relative balance sheet expansion is still…

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Added by Francesc Riverola on May 27, 2013 at 10:07am — No Comments

BBH - A break of JPY99.60 needed to start talking that a top of some significance is in place

BBH - "The main development in the foreign change market over the past week has been the short squeeze of the yen, and to a lesser extent, the Swiss franc.

The move coincided with a backing up in JGB yields, with the 10-year approaching the 1.0% threshold, a nearly three-fold increase since the BOJ announced its more aggressive monetary stance in early April. The Nikkei took it on the chin, falling 12.5% between Thursday's high near 16k and Friday's low just below 14k.

Many of the…

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Added by Francesc Riverola on May 27, 2013 at 9:44am — No Comments

UBS - EURUSD As long as resistance at 1.3020 holds, there is scope for resumption of downside as bearish trend conditions persist

UBS - "USDJPY BULLISH The latest setback found support at 100.38. A move below which would extend the correction to 99.58. Resistance is at 102.59, a break above would open 103.74 ahead of 105.60.

GBPUSD BEARISH Initial support is at 1.5014, a break below this would extend weakness to test the critical 1.4832. Resistance is at 1.5174 ahead of 1.5240.

USDCHF BULLISH The recent weakness does not change the broader bullish picture and major support is at 0.9543. Resistance is at…

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Added by Francesc Riverola on May 27, 2013 at 8:30am — No Comments

Weekly Outlook: 26/05/2013

Reviewed: $gold $audusd $nzdusd $usdcad $eurjpy $eurusd $gbpusd

Added by 50Pips on May 27, 2013 at 8:01am — No Comments

Daily forcast for swing trading as on 27-05-2013.

Instrument Trend Recommendation

Euro and Gold are moving between a critical support and resistance levels,A Head and Shoulder formation is also expected on breakage of 1.2915.Gold is strongly resistant at 1398.   

EUR/USD

Buy above1.2920,TP1.2950/75,SL1.2905BOS 1.2899



GBP/USD   

 Buy above 1.5115,TP1.5150/70 ,SL1.5105,BOS1.5100

GOLD

 Sell below 1397,TP1390/85,SL 1403,BOB1405



SILVER  

Buy above  22.50,TP22.75/23 ,SL22.35,BOS…

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Added by Usman Ali on May 27, 2013 at 6:31am — No Comments

EURUSD – Consolidates with downside bias !

The EURUSD halted its weakness 2 weeks ago at 1.2795 levels, but as long as the key resistance 1.3242 holds on a weekly closing basis, pressure will be on the key support 1.2745, a break will look for 1.2661 levels , losing 1.2661 on a weekly closing basis , is likely to bring a free fall towards 1.2000 levels.On the upside, the pair needs to overcome 1.3242 levels, If seen , the risk will be increased towards 1.3710 levels, however; as long as the key resistance 1.3242 holds, the pair…

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Added by Haitham653 on May 27, 2013 at 6:21am — 3 Comments

Elliott Wave Intraday Analysis of AUD/USD 27-May-2013 8:40 IST

Aud/Usd pair can be buy with stoploss @ 9590. There is huge support on weekly chart.

aud-usd

Added by FxMind on May 27, 2013 at 5:30am — 2 Comments

EUR/USD & GOLD forecast 27.05.2013

EUR has made a false break of the upside channel trendline at 1.2930 last week and then reversed back below that, currently trading very close below. As we are in a consolidation mode it is not clear what direction the EUR will choose today. H1 and bigger time frames show bearish move which is turning to bullish later today. Smaller time frames show mixed signals, so we have to wait to be sure about the correct direction. I would recommend you to try to enter LONG around 1.2865-85, the final…

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Added by Vladimir Mihaylov on May 27, 2013 at 4:45am — 3 Comments

EURUSD 27th May 2013

EurUsd  has formed head and shoulder pattern above moving average 50- period

it has neckline as well as support @1.29 

Pair has strong resistance 1.2980 where Fibonacci retracement 23.6 %

if pair breaks below neckline then pair will move to the 1.2820 level …

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Added by nidhi mistry on May 27, 2013 at 1:25am — No Comments

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