The AUDUSD maintained some bullish momentum last week , topped at the 0.9353 levels, closed at the 0.9244 levels. On the upside , resistance comes at the 0.9317 levels, a weekly close above the 0.9317 levels is needed to confirm bottoming at the 0.8847 levels,If seen the pair would target the 0.9666 levels, a breach will turn focus on the 0.9960 levels, further upside will aim the 1.0310 levels.
On the downside, support comes at the 0.9068 levels ahead of the 0.8847 levels (main) ,…
Added by Haitham653 on September 16, 2013 at 1:08am — No Comments
Currently we are at 0.9292 in a channel. We are looking for a bullish continuation to the resistance area @ 0.9322 - the next target the square up @ 0.9435. The average daily true range (ATR) for the pair currently is 110 pips.…Continue
Added by Scott Barkley on September 10, 2013 at 1:19pm — No Comments
The AUDUSD maintained a bullish momentum last week, after taking out the 0.9071 levels, now focus will be on the 0.9232 levels, a breach will target the 0.9317 levels where halt is suggested, but sustained break above the 0.9317 levels will have large bullish implication towards the 0.9555 levels ahead of the 0.9660 levels.
On the downside , support comes at the 0.9115 levels, a consolidation or stability above this level is likely to recapture 0.9232 with a breach , but losing this…
Added by Haitham653 on September 9, 2013 at 6:11am — No Comments
Currently we are at 0.9218. This is a 2 part trade opportunity. 1) We are looking for a bullish continuation to the R5 .0214 Fibo area @ 0.9228 and 2) the next target the resistance @ 0.9334. The average daily true range (ATR) for the pair currently is 93 pips.…Continue
Added by Scott Barkley on September 6, 2013 at 1:00pm — No Comments
Royal Bank of Scotland - "Global yields are up significantly in recent weeks, except in Japan where the BoJ's aggressive and committed QQE policy is keeping a lid on yields. Consequently, JPY's yield disadvantage is growing and this is likely to see further weakness in JPY. Its near term direction may depend also on degrees of risk aversion and potential for EM market upheaval to drag on investor confidence. But EM and Syria fears are not unduly weakening global equities or generating a…Continue
Added by Francesc Riverola on September 6, 2013 at 9:54am — No Comments
ANZ - "AUDUSD: Despite slipping below 0.8925, AUD managed to avoid an early slide into the longer-term 0.8550- 0.8675 target area.
Bias is swinging towards another squeeze into the 0.9250-0.9300 area, but bounces have faltered in front of the first perceived hurdle of 0.9050 (another lies at 0.9120). Any slip below 0.8925 could undermine upside potential again, leaving AUD at risk of an early slide. Even if the squeeze develops, it will still be seen as a selling…
Added by Francesc Riverola on September 4, 2013 at 7:58am — No Comments
The AUDUSD is neutral with bearish bias , resistance is at the 0.9036 ahead of the 0.9071 levels, stability below this level will keep the pair under pressure with risk towards the 0.8847 levels, a break would open the 0.8746 ahead of 0.8861 levels.
On the upside, resistance ; to reverse risks to the upside , the will have to break and hold above the 0.9071 levels on a daily closing basis,If seen,It will target the 0.9232 levels where a breach will turn focus on the 0.9317 levels,…
Added by Haitham653 on September 2, 2013 at 8:40am — No Comments
Currently we are at 0.8914 after the break of 0.786 fibo. We are looking for a bearish continuation to the double bottom area @ 0.8848 - the next target @ 0.8778. The average daily true range (ATR) for the pair currently is 107 pips.…Continue
Added by Scott Barkley on August 28, 2013 at 1:12pm — No Comments
ANZ - "AUDUSD Daily Chart: Once again, the downtrend remains firmly in place. Last week’s failure to breach 0.9250 and the swift slide below 0.9000 underscores the corrective nature of rebounds. Any further rebounds could struggle in the 0.9100-25 area. Such minimal rebounds, or a close below 0.8925, could even trigger an early return to the downtrend (so much for hopes for a standard squeeze to 0.9500!) and slippage towards the 0.8550-0.8675 target area.
Added by Francesc Riverola on August 28, 2013 at 10:14am — No Comments
TD Securities - "JPY: USD/JPY might have done enough to avert further weakness near-term at least. Spot is testing thin “cloud” chart resistance in the high 98s as the week closes out but might have struck an important, short-term low already via gains through 97.69, a minor, inverse Head & Shoulders neckline (red trend line). If this pattern gets any further traction—specifically if USD/JPY breaks trend resistance off the May peak at 99.35/40 (around where the market…Continue
Added by Francesc Riverola on August 26, 2013 at 9:23am — No Comments
The AUDUSD corrected a little bit last week , printed a new resistance at the 0.9071 levels, stability below this level on a daily closing basis will add strong pressure on the 0.8847 levels, and sudden fall towards / below the 0.8847 levels couldn't be ruled out, a break would open the 0.8746 levels ahead of the 0.8618 levels, further more will aim the 0.8477 levels.
On the upside , break of 0.9071 on a daily closing basis will confirm short term bottoming , If seen , it will flip…
Added by Haitham653 on August 26, 2013 at 9:16am — No Comments
1. Remember to place here you call for AUDUSD price for Friday August 30 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: AUDUSD at 0.9094
The AUDUSD continued its bearish momentum the past few days, declined as suggested towards the 0.8933 levels, and printed a new resistance at the 0.9071 levels, now focus will be on the key resistance 0.9071, with this level intact, further decline couldn't be ruled out, and pressure is likely to be built on the 0.8847 levels, a break would open the 0.8746 levels ahead of the 0.8618 levels, further more will aim the 0.8477 levels.
On the upside , resistance is 0.9071, a break on a…
The AUDUSD maintained a bearish momentum yesterday, topped at the 0.9232 levels, and bottomed at the 0.9101 levels, now pressure will be on the key support 0.9101.
The AUDUSD will have to hold below the 0.9101 levels on a daily closing basis to push the market for further downside losses If seen ,It would build a strong pressure on the 0.9056 levels or even break below this level, losing 0.9056 levels would open 0.8933 levels , a break would target the 0.8847 levels.…
The AUDUSD maintained a bullish momentum last week after bottoming at the 0.9056 levels, this development leaves the pair targeting the 0.9214 levels where a breach is likely, above this level will turn focus on the 0.9317 levels, a halt is strongly suggested but stability above the 0.9317 levels will have large bullish implication towards 0.9555 ahead of the 0.9665 levels.
On the downside, support is at 0.9056, losing this level on a daily closing basis will flip bias back to the…
Added by Haitham653 on August 18, 2013 at 4:33pm — No Comments
UBS - "USDJPY NEUTRAL The recent sell-off is approaching the critical support at 96.75.A closing break below this will trigger further sell-off. Resistance is at 98.59 ahead of 99.95.
GBPUSD NEUTRAL Sharp advance was seen since Friday, is held by the critical resistance at 1.5394. A closing break above this would be positive. Support is at 1.5281 ahead of 1.5213.
USDCHF BEARISH The pair is approaching the first support at 0.9229. A move below this would trigger further sell-off…
Added by Francesc Riverola on August 7, 2013 at 2:53pm — No Comments
JP Morgan - "The medium term bearish setup remains intact for the commodity currencies highlighted by this week’s breakdown from the short term range for AUD/USD. This follows the failure against important resistance in the .9300/.9345 area which should continue to act as a short term ceiling. In turn, new lows should lead to a closer test of the next line of important support in the .8855/8770 zone. Note this area includes the key channel support from the 2011 cycle peak, as well as the…Continue
Added by Francesc Riverola on August 6, 2013 at 3:50pm — No Comments
EURUSD : As long as the daily close is above 1.3165, the pair is very bullish , strong and sudden rise is suggested, below 13165 would weaken / delay the current bullish run for retesting 1.3065/1.3000 levels, resistance is at 1.3300, a daily close above 1.3300 will open the way towards/beyond 1.3415 levels..
GBPUSD : The cable is under pressure withe further risk to the downside , resistance is 1.5222 ahead of 1.5353 (main) then 1.5412 , next…
Rally on EURUSD from 1.2750 can be counted in three legs with decreasing momentum in last part of the uptrend. We think that move was corrective, an A-B-C pattern that is pointing lower now against recent 1.3345 high. Ideally market will make a larger impulsive decline, but based on minimum expectations we expect a three wave retracement back to 1.3000-1.3100.…
Added by Gregor Horvat on August 2, 2013 at 8:25am — No Comments
HSBC - "Over the next 10 days the markets will be focusing heavily on the policy meetings of the big four
This week: Fed, BoE, ECB
Next week: BoJ, RBA (We expect 25bp cut), BoE Carney inflation report
For those with a weak constitution look away now, because on top of these policy meetings we have crucial data: US GDP data (important benchmark revisions), ISM, Payrolls
By the end of the week we may have a better understanding of where we stand on the tapering debate. This…
Added by Francesc Riverola on July 30, 2013 at 10:25pm — No Comments