All Blog Posts Tagged 'EUR' (852)

FOREX forecast 25.08.2014

EUR dropped to 1.3185 this morning and opened the week with a huge downside gap. Today the pair may consolidate around 1.3200, and tomorrow to start a recovery. This week is the end of the month trade, so i expect some profit taking from Short after Wednesday. Weekly, Daily and H4 indicators are bearish but are already turning flat to bullish, so i think we are going to have a recovery soon, although opening with such a gap lower is not a good sign.

GOLD was not able to close the week…

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Added by Vladimir Mihaylov on August 25, 2014 at 5:39am — No Comments

FOREX forecast 21.08.2014

EUR has lost almost 200 pips since Monday and the pair despreately needs a correction but still there are no any signs of a possible correction. EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US. Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness. The pair needs a correction at least to 1.3330-50, and maybe more next week. But first we need to deal with the 1.3290-1.3310 resistance…

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Added by Vladimir Mihaylov on August 21, 2014 at 4:58am — 1 Comment

FOREX forecast 20.08.2014 in advance

After several failed attempts to break 1.3400, te EUR slided down below the 1.3330 support reaching 1.3312 by the moment of writing. The area between 1.3295-1.3310 seems well protected and it will be difficult to break before tomorrow's FED decision. I think that the market is currently consuming tomorrow's news. So it is quite possible to witness a risk aversion tomorrow, reaching 1.3470-1.3500.

GOLD is trying to stay above 1292 support but breaking below will increase the downside .…

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Added by Vladimir Mihaylov on August 19, 2014 at 4:16pm — 1 Comment

FOREX update 15.08.2014

EUR did not succeed to close daily trade above 1.3380 the whole week. It moved in a small range between 1.3340 and 1.3415.Breaking of either will boost the further move in the same direction. However for now the pair seems locked inside.

GOLD has made a quick test of 1292 support but returnes fast above the previous 1305 support.Any drop below 1300 again may cause further drop to 1276 and 1254 for example.

NZD preserves the chances of upside recovery as long as the price is…

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Added by Vladimir Mihaylov on August 15, 2014 at 4:46pm — 2 Comments

FOREX forecast 11.08.2014

EUR recovery has reached 1.3430 but the bullish power was not enough for something more, so the pair made a pullback to 1.3400, just above the support area 1.3380-90. Breaking below will test 1.3320-30 once again. We have a great chance for this because tomorrow's ZEW for Geermany is expected to be far worse from the previous value, and economic growth data for the eurozone on Thursday is also expected to be worse than previous. So i expect more slide till the end of this week.

GOLD…

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Added by Vladimir Mihaylov on August 11, 2014 at 5:00am — No Comments

Old School- Trends and patterns

I am old school guys. I like wood and not plastic, glass and not PTF, the vinyl spinning on a platter and not MP3, analog and not digital. I am old school.

EURUSD Old School Style:

GBPUSD Old School, exhibit A…

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Added by Daologic on August 7, 2014 at 2:55pm — 6 Comments

FOREX forecast 06.08.2014

EUR lost 1.3400 again ahead of ECB meeting tomorrow. As i have said in my previous forecast we have two support areas below 1.3330 and 1.3300. Currently EUR is far below the negative Ichimoku and it is expected the pair to make a big upside correction till the end of this week. The recovery move may be a part of tomorrow's high volatility too. Daily indicators are negative while smaller ones are mixed to positive. To the upside recovery is limited by 1.3610-20 resistance and i do not expect…

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Added by Vladimir Mihaylov on August 6, 2014 at 5:02am — 1 Comment

Be carefull, the rally in US equity markets is over.

Many analysts have told very clear that the US stock markets rally was a function of FED QE. Now that the FED is ending the QE by October, be carefull with the longs in the stocks. All good things must come to an end. The USD is already in a broader uptrend and it will strenghten more and more. Starting with October, with the end of QE the monetary policy will normalize, in spite of still very low interest rates.…

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Added by Daologic on August 5, 2014 at 5:34am — No Comments

EURGBP - Morning Star points higher this week

Although the bulk of last week's price action showed marginal movement, the week ended with a powerful move higher. Friday’s gains – the most aggressive daily performance since March – dominated price action breaking an important Marabuzo line, testing the top of a now rising Keltner channel and, most importantly, completed a Bullish Morning Star pattern on weekly charts. This formation often signals a complete change of sentiment and so we see potential through .8011 to .8050 with .8124…

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Added by Alan Collins on August 4, 2014 at 7:29am — No Comments

FOREX forecast 04.08.2013

EUR has made a small upside correction following 1.3370 drop from last week. The pair on Daily, H4 and H1 is bullish, but on other time frames is bearish. So i think that the current recovery is just a small correction and still we have no solid ground below. Such solid support is 1.3300, for nor this seems away below, but we have the ECB meeting this week and soon EUR may become under selling pressure. We have also the PMI, EU retail sales and Germany's factory orders this week too, so it…

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Added by Vladimir Mihaylov on August 4, 2014 at 4:54am — 1 Comment

TD: Morning FX Outlook-1 August

"The USD is heading into the data carnival roughly flat, on balance, from yesterday's close, down smalls against the EUR, but up smalls against JPY, CAD, GBP, and the Antipodeans.  Having risen more than 2% in July and held on to gains after a relatively dovish FOMC statement, the greenback is well positioned to extend gains today, but it will require strong data outcomes to deliver moves of significant magnitude.  EURUSD…

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Added by Daologic on August 1, 2014 at 11:55am — No Comments

FOREX forecast 31.07.2014

Dollar gained much strength these days as FED continues to cut the stimulus program. USD has made significant advance against everything, but it seems that after yesterday's decision it is time for profit taking, so we have some pullback eveywhere. I expect the EUR to try to recover back to 1.3450-65 today or tomorrow. Another dollar push below 1.3375 may take the pair down to 1.3330. There we have a strong support area which is not going to be brokens soon, so you may enter LONG close to…

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Added by Vladimir Mihaylov on July 31, 2014 at 4:56am — 3 Comments

TD: Morning FX Outlook EURUSD

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We still see downward risks for EURUSD outweighing upside potential, which should remain contained to the low 1.35 area at best and prove short lived.  Technicals indicate that, from current levels, only a move above 1.3550 on a sustained basis relieves the bear pressure while a rally through 1.37 is needed to turn the technical picture more constructive.  Contrarily, weakness below 1.3375/85 will imply that…

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Added by Daologic on July 29, 2014 at 12:02pm — 1 Comment

FOREX forecast 28.07.2014

EUR dropped below 1.3450 support and now consolidates inside the main support area between 1.3420 and 1.3450. It is expected the pair to test 1.3400. EUR is bearish on all time frames except Weekly and Monthly. The resistance area is 1.3445-1.3455 and if broken the target will be 1.3475-85. To the downside breaking of 1.3400 may lead to another drop to 1.3300.

GOLD bounced from the Senkous Span B price last week and currently continues recovery above 1294. At the moment of writing the…

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Added by Vladimir Mihaylov on July 28, 2014 at 4:51am — No Comments

FOREX forecast 23.07.2014

EUR dropped below 1.3500 yesterday and is now approaching a strong support area which is going to stop the downside move and to start a recovery to the upside.This area is between 1.3420 and 1.3450. However if 1.3400 is broken this will lead to another 100 pips drop, but i think this won't happen this month. Since today's opening the EUR shows signs of recovery. The target is 1.3500 and above but the first attempt may not succeed.

GOLD is pretty calm in this situation, hovering above…

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Added by Vladimir Mihaylov on July 23, 2014 at 6:23am — No Comments

TD Securities: Weekly Technical Outlook- EURUSD

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The double top at 1.3965 (and the break under the neckline trigger) targets a drop back to the upper 1.33s—our long-held target for a downside extension. Trend momentum is negative on the shorter-term (6-hour and daily) studies. Even with spot reversing from the intraday low and closing…

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Added by Daologic on July 21, 2014 at 2:34pm — No Comments

Rabobank FX: JPY and risk appetite

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We expect that the JPY is still on course for softening vs. the USD over the medium-term as the progression of Fed tapering highlights the extremely accommodative position of the BoJ.  However, near-term the readjustment in expectations regarding the outlook for the AUD, NZD and the EUR could be providing additional support for the yen.  Layered on top of the prevailing geopolitical risks and the adjustments…

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Added by Daologic on July 21, 2014 at 11:13am — No Comments

FOREX forecast 18.07.2014

EUR still holds 1.3520 by the end of the week, but let's first take a look on my previous forecast. on Wednesday i have forecasted that the EUR will continue sliding down to the support area 1.3490-1.3500. Well it still didn't reached that but went too close and the week is not over yet.We can see some stabilization just above that support area. So maybe some correction to the upside is possible today for example to 1.3540-50 and then another push to the downside again.

GOLD…

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Added by Vladimir Mihaylov on July 18, 2014 at 4:43am — 4 Comments

FOREX forecast 16.07.2014

EUR dropped yesterday following a lot worse than expected ZEW data from Germany and Eurozone. Today i expect the downside to continue with target 1.3490-1.3500 support area. If that is broken too (maybe not today) downside will continue to the major support and reversal area 1.3420-30. Closing below that on Weekly will reverse the bullish trend. But I don't think this will happen soon. Currently EUR is bearish on all time frames, so more downside to come, do not enter LONG. A correction has…

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Added by Vladimir Mihaylov on July 16, 2014 at 5:02am — 1 Comment

TD Securities: EURUSD strategy

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Fundamentally, we feel that even relatively disappointing US growth so far this year contrasts with weak (or weakening) growth trends in the Eurozone while the Fed’s steady move away from QE contrasts with the ECB’s recent embrace of more expansive, non -traditional policy measures. This should be EURUSDnegative.

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Based on spot/equity regressions through the 2011/12 period, relative banking sector equity performances currently suggest a EURUSD fair value of…

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Added by Daologic on July 16, 2014 at 4:30am — No Comments

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