|EUR/USD Daily Chart | Dec 6, 2013…|
EUR/USD enjoyed the calm in Europe to push higher. German Trade Balance, Industrial production, as well as the ECOFIN and Eurogroup Meetings are the main highlights of this week. Here is an outlook on the major market-movers awaiting us ahead.
Last week, the ECB …Continue
Added by Yohay Elam on December 8, 2013 at 8:22am — No Comments
Added by Ivan Sonavia on December 8, 2013 at 2:03am — No Comments
Recommendations: LONG positions above 101.90 with 103.75 & 104.80 as next target.
Alternative scenario:The downside breakout of 101.90 will call for a slide to 100.90/99.90.
Description: With the key support 101.90 intact, further rise towards 103.75 is suggested , break of 103.75 will aim 104.80 levels , further out will aim the 105.80 levels .On the downside , losing the key support 101.90 would weaken the current bullish run…
Added by Haitham653 on December 7, 2013 at 4:38pm — No Comments
Recommendations: LONG positions above 0.9000 with 0.9100 & 0.9200 as next target.
Alternative scenario:The downside breakout of 0.9000 will call for a side to 0.8900/0.8800.
Description: The pair printed a temporary support around 0.9000 levels, stability above this level will build pressure on the 0.9100/0.9200 levels, break of 0.9200 levels will confirm support at 0.8988 and bring strong rise towards 0.9300/0.9400 levels. On…
Added by Haitham653 on December 7, 2013 at 4:46pm — No Comments
Recommendations: LONG positions above 1.6260 with 1.6430 & 1.6510 as next target.
Alternative scenario:The downside breakout of 1.6260 will call for a slide to 1.6180/1.6100.
Description: Stability above the the key support 1.6260 will keep the bullish momentum intact with risk towards 1.6430/1.6510 levels, break of 1.6510 would open 1.6590 ahead of 1.6670 levels.On the downside,support comes at 1.6260 levels, losing this level…
Added by Haitham653 on December 7, 2013 at 4:35pm — No Comments
Recommendations: LONG positions above 1.3600 with 1.3800 & 1.3900 as next target.
Alternative scenario:The downside breakout of 1.3600 will call for a slide to 1.3500/400.
Description: With the key support 1.3600 intact, further rise suggested , resistance is at 1.3800 levels, break of 1.3800 would open 1.3900 levels, further out will aim the 1.4000 levels. On the downside ; support comes at 1.3600 level , losing this level would…
Added by Haitham653 on December 7, 2013 at 4:17pm — No Comments
Societé Generale - "Trades 2014
1. Long USD, NOK and GBP vs JPY, CHF and EUR
2. Buy USD/JPY, targeting 110
3. Sell AUD/USD for China structural slowdown trade
4. Keep short EUR/GBP to 0.78
5. Keep long NOK/SEK to 1.14
6. Buy USD/CAD, target 1.10
7. Buy EUR/CHF, target 1.2650
8. Go long a EUR/USD Forward Volatility Agreement 3M in 3M"
Added by Francesc Riverola on December 6, 2013 at 1:09pm — No Comments
Earlier this year, the Australian Finance Minister, Mr Wayne Swan, said that the budget balance will have a 19.4 billion AUD deficit for the fiscal year ended on 30 of June and he was expecting 18 billion AUD deficit for the next year even if Mr Gillard's administration promised 1.5 billion AUD deficit for the fiscal year ended in June. Is quite unbelievable that Australia has such a deficit. The surprising balance deficit is a symptom of the beginning of an energy crisis. BHP Billiton…Continue
Recommendations: LONG positions above 1.3681 with 1.3710 & 1.3740 as next targets.
Alternative scenario:Stability below 1.3681 may lead for a slide towards 1.3640/1.3615
Description: The pair is so close from critical resistance at 1.3681, an hourly close above 1.3681 will target 1.3710/1.3740 levels, break of 1.3740 will open 1.3770/1.3832 levels.On the downside, stability below 1.3681 will keep 1.3640/1.3615 in sight ,…
As shown on the monthly chart below , the EURUSD printed resistance at 1.3710 levels - Feb 2013 - this top was confirmed by the bearish divergence of %(R) Williams indicator, 2 months ago; 1.3710 was rejected with bollinger bands reversal pattern , the pair printed a new resistance at 1.3832 , with both levels intact , further decline is suggested towards 1.3104 first , below 1.3104 will aim 1.2754 levels.
On the upside, the pair needs to break and hold above 1.3832 levels on…
Added by Haitham653 on December 6, 2013 at 5:54am — No Comments
It was a volatile Thursday yesterday as the EUR/USD dropped to 1.3540 and then reversed to 1.3675 following the mr.Draghi's optimistic speech. Currently the pair is consolidating at the top, preforming small correction moves. Today's support is at 1.3620-30, then 1.3580 and 1.3560. They are too close and won't be broken by Friday's profit taking. To break them we need a lot better than expected and also than previous NFP, something in which i really doubt. We have a 'flag' to the upside but…Continue
Added by Carol Harmer on December 6, 2013 at 4:27am — No Comments
Added by Carol Harmer on December 6, 2013 at 4:10am — No Comments
Recommendations: LONG positions above 1.6299 with 1.6340 & 1.6403 as next targets.
Alternative scenario:The downside breakout of 1.6299 will call for a slide to 1.6257/197 .
Description: The pair finds support at 1.6299 levels, stability above this level could mean a return to the 1.6340/1.6403 levels, stability above 1.6403 will challenge 1.6440 levels , break of 1.6440 would open 1.6495 ahead of 1.6615 levels.On the downside ,…
AUDUSD reversed perfectly from 0.9140/50 level in this week where wave E of a triangle completed a wave B) running triangle. We have seen a sharp impulsive fall to a new low so it means that wave wave C) is already underway, ideally down to 0.8900 or possibly even to second 0.8800 target. As such current minor pullback to triangle resistance line is probably wave 2 as a part of five waves down in C).
AUDUSD 4h Elliott Wave Analysis…
Added by Gregor Horvat on December 5, 2013 at 9:56am — No Comments
Gold unexpectedly broke all resistance to hit 1250. This week's candles formed a bottoming pattern so we should start to build a short term recovery to unwind the oversold scenario. Any weakness today therefore is a buying opportunity with support at 1229/27 likely to hold the downside. However below 1219 risks a retest of the low this week at 1215/12 for a second buying opportunity today.
Fibonacci resistance at 1247 & short term trend line resistance at 1252 so…
Added by Jason Sen on December 5, 2013 at 9:16am — No Comments
EUR has made another test of support area 1.3530 and it capped the downside once again. The area was bulls protected and the price quickly returned back to the resistance 1.3590. This morning that resistance was broken and the next 1.3640 has been reached. In fact i was expecting this to happen yesterday, but the market prefered to test the support once again before going to the upside. For today the last resistance is 1.3695 if we break there we shall exit the Ichimoku cloud again, but if…Continue
Added by Vladimir Mihaylov on December 5, 2013 at 7:03am — No Comments
Added by Carol Harmer on December 5, 2013 at 7:07am — No Comments
Added by Carol Harmer on December 5, 2013 at 5:36am — No Comments