EUR remains in consolidation despite the sudden Friday volatility on Greek financial conditions agreement. H4 and Daily indicators are flat and give no information for the future, while Weekly ones seem to point to the upside. Today Germany's IFO data will be released and it is expected to be better than previous so this will be in favor of the upside movement. It is good to know that at 1.1660 we have a quite strong resistance and breaking above will be very hard. So for now i think that…Continue
Added by Vladimir Mihaylov on February 23, 2015 at 7:30am — No Comments
we are into the 3rd week of the month of February.The market is expected to continue the trend set during second week,during this week.
I have explained in details the forecast - expected session wise market moves for this week 16-20 February.,during my todays's (16 Feb) Asian session: Live market analysis webinar..The recording of the webinar is available in the given below link.…Continue
Added by Dr. Sivaraman on February 16, 2015 at 8:21am — No Comments
EUR has stabilized the price above 1.1300 and seems ready to start recovery to the upside this week. Economic data that is going to be released is expected to support the upside movements too. First support comes at 1.1405 above this one we are bullish and the target is 1.1450-1.1475-1.1495-1.1530. Above the last comes the first significant resistance area between 1.1545 and 1.1575. As you can see it is pretty wide and it is even stronger with the help ot the H4 SMA200 which passes through…Continue
Added by Vladimir Mihaylov on February 16, 2015 at 6:17am — No Comments
EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1.1440 have to be broken too. This week there are few important economic releases and this somehow will help the EUR to recover further to the upside, but i do not expect for now recovery above 1.1600. To the…Continue
Added by Vladimir Mihaylov on February 9, 2015 at 6:39am — No Comments
We have seen a prolonged USD gaining moves till last week .from this week 02-06 Feb we could see month beginning trend reversal move with upward bias and more upward trending moves are expected from next week in other majors.I have explained the forecast during my asian session; live market analysis webinar .The recording of today's webinar is available under the given link:…Continue
Added by Dr. Sivaraman on February 2, 2015 at 11:35am — No Comments
EUR has paused the high speed downside which started in December. However the downside is still far from over. On H4, Daily, Weekly and Monthly the indicators are bearish and for now do not show any signs of correction. To start a correction we need a H4 close above 1.1360 first, next resistance comes at 1.1480, above that will open the way to 1.1650 and 1.1800. To the downside things are much easier first support comes at 1.1270, followed by 1.1200 and 1.1140 , finally 1.1097 which was the…Continue
Added by Vladimir Mihaylov on February 2, 2015 at 6:24am — No Comments
We are into the last week of the month of January so the market is expected to show the monthly trend reversal move which will be less volatile than yearly trend reversal time which we have seen till last week.
Today (26th January during my asian session live market analysis webinar i explained the expected market moves during this week and also explained the levels in which the currencies could swing.
Players have created the market feel - USD bullishness- but…Continue
Added by Dr. Sivaraman on January 26, 2015 at 2:12pm — No Comments
EUR continues free fall as the negative news is coming out one by one. First the ECB starts QE program and now in Greece will rule the pro-socialist government. Days of the european union are already counted, the countdown has started. EUR price goes to the downside incerasing its speed with every hour it is like a snowball falling downs the mountain slope and finally will crash into the rocks at the bottom. This morning the pair has recorded a fresh low at 1.1097 then corrected some 100…Continue
EUR continues to loose price against the Dollar. The price dropped to 1.1460 and then we had some 100 pips pullback. Currently the pair attempts to recover further using the profit taking from SHORT ahead of ECB later this week. We shall have also Germany's ZEW economic sentiment and Eurozone PMI which are expected to be better than previous so this may help the EUR to climb up to 1.1760 and even to test 1.2040 again. All indicators are bearish below 1.1570. First downside target is 1.1510…Continue
Today (12 Jan ) during my Asian session: Live market analysis webinar time explained the sessionwise expected market moves of the week 12-16 Jan.besides the levels in which the currencies could swing in this week were also been explaied.Since we are in the yearly trend reversal time the market may continue with eitherway moves - ie lower level consolidation with frequent downward stop hunt.More details can be obtained from the recording of the webinar:
follow the link…Continue
Added by Dr. Sivaraman on January 12, 2015 at 7:45am — No Comments
Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction. Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited. Currently the Daily…Continue
Added by Vladimir Mihaylov on January 12, 2015 at 6:26am — No Comments
Wish you all very happy and profitable new year 2015.The forecast for this year and week are given in my today's asian session: Live market analysis webinar.The recording of the same is available in the given below link.…Continue
Added by Dr. Sivaraman on January 5, 2015 at 2:03pm — No Comments
EUR dropped heavily with today's open and started this week with a huge gap lower. Seems that EU economy is quite more worse than mr. Draghi and other financial ministers keep trying the whole 2014 to convince us. Now the politics take part in the game trying desperate to save the EU economy. mrs.Merkel says Greece may be kiked off the EU zone soon and this has turned the market into a strom field. It is good to know that such news throw the market into panic and economic data has no matter.…Continue
Added by Vladimir Mihaylov on January 5, 2015 at 6:27am — No Comments
EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move. Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.
GOLD is still blocked inside the Daily Ichimoku, we need to break above the…Continue
Added by Vladimir Mihaylov on December 29, 2014 at 6:07am — No Comments
Merry Christmas, dear…Continue
Another week another fresh EUR low. The EU currency hit the 1.2220 resistance which is the Monthly SMA200 too. There are only a few trading days of 2014 and just one support standing - this is the area 1.2060-1.2080. Currently the pair is stongly bearish on all time frames an this state will remain until the price is below 1.2270 which is the first Daily resistance, the second one is 1.2320 and finally 1.2360-1.2385. Today is expected some worse data from Germany, and for the rest of the…Continue
EUR is moving in a range since the end of last week between 1.2400 and 1.2485. Of course range is pretty wide and allows to use the strategy buy at the bottom and sell at the top as we have a strong resistance above 1.2500. I expect range trade to continue with bearish tone, i am not optimistic about the EUR recovery till the end of this month and year. Christmas is coming in 10 days and we may see a partly profit taking ahead of the holiday. Here are the resistance and support levels for…Continue
Added by Vladimir Mihaylov on December 15, 2014 at 5:49am — No Comments
EUR started the week below 1.2300 level. This week's target will be 1.2220 and below. However i expect the current downside to stop somewhere above 1.2100 and from there to start a massive recovery to the upside. All the things on Monthly may turn heavy EUR negative if next year EUR price drops below 1.2000. This if happens may push the price down to 1.1000 and even below. But let's now forget this scenario because it is a really long term one. This year's target will be somewhere above…Continue
Added by Vladimir Mihaylov on December 8, 2014 at 6:21am — No Comments
EUR is in a consolidation ahead of the ECB rate decision on Thursday. Until that i expect the consolidation to continue with a bearish tone. We have two major resistances which may reverse the bearish outlook. First one is at 1.2580 and the second one is at 1.2620. breaking of them both and closing the week above will reverse the bearish outlook. On the other side bears have the excellent opportunity of testing 1.2360, as the ECB is expected to leave the interest rate at the record low level…Continue
Added by Vladimir Mihaylov on December 1, 2014 at 5:06pm — No Comments
We have entered into last month of the year.During year end time the players are known to make yearly trend reversal moves.They are expected to be unusual big moves..
...........They have started that with a bang ......quick drop in GBP and AUD and rise in USD/YEN to create bearish feel in other majors and later reversed all the way up creating the bullish feel...............
..........!!!!!! Yes the economic conditions of those countires have undergone…Continue
Added by Dr. Sivaraman on December 1, 2014 at 1:56pm — No Comments