October 14th 2014. You may have noticed my recent interest in USDRUB. I am always looking for decent set-ups but this one seems to have wider implications. What will happen if a large Russian Corporate defaults on foreign currency debt because they not longer have enough Rubles? Given the latest exchange rate that is entirely possible. What will that do to the Dollar across the board, or Gold and the Swiss Franc for that matter? Food for…Continue
Added by Gary on October 14, 2014 at 12:50pm — No Comments
The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.
Usual Effect: A high reading or a better than expected number is seen as positive for the EUR, while a low reading is…Continue
Added by Haitham653 on October 14, 2014 at 11:37am — No Comments
EURUSD has been falling sharply for the last couple of months and forming an extended decline from 1.3700 which we think it represents wave 3) within a larger bearish trend. As such, current recovery from the lows is just another correction within ongoing weakness. We see it as a wave 4) of a higher degree that may stop around 1.2800-1.2900 area.
EURUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 14, 2014 at 8:30am — No Comments
October 13th 2014 Gold has once again managed to find multi-year support at $1180 for two weeks in a row. Meantime EURUSD is finally putting in weekly higher highs and looking around at many markets it feels like the dollar will finally take that breather.
EURUSD – 1.2790 is last week’s high. My bias is to buy for a swing trade on a one hour close above that level. Conversely a close below 1.2499 would…Continue
Added by Gary on October 13, 2014 at 3:01pm — No Comments
Because of the lack of significant news last week , the EURUSD enjoyed the recovery , but recovery was limited as expected below the 1.2825 levels ,the most important , the pair ended the week below 1.2675 levels , this week has a lot of critical data which could be a clue about the next move , let’s take a quick look at the most important news which could effect the EURUSD :
Tuesday , Oct 14…Continue
Added by Haitham653 on October 13, 2014 at 10:43am — No Comments
Added by Gary on October 13, 2014 at 9:15am — No Comments
Intraday outlook in EURUSD remains neutral with risk to the upside , support comes at the 1.2675 levels , stability above this level on a 4 hour closing basis , could mean a return to the 1.2715/1.2765 levels , a clear break above this level would challenge main resistance at the 1.2822 levels , If this resistance is taken out , expect recovery to extend higher towards the 1.2895/1.2994 levels.
On the downside , support comes at the 1.2675 levels , a clear break below this level on…Continue
Added by Haitham653 on October 10, 2014 at 5:42am — No Comments
Added by Gary on October 9, 2014 at 8:49am — No Comments
The EURUSD pushed above 1.2700 after FOMC minutes release and is now trading at around 1.2730. Expecting the EURUSD to fall after rallying to around 1.278 completing the formation of a bearish Gartley harmonic pattern. The 1.278 price level represents a 1.41 extention of the XA leg and a 2.24 extention of the BC leg. 1.2785 is also the monthly pivot making it…Continue
Added by Luciano Kelly on October 9, 2014 at 8:36am — No Comments
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2674 holds on a 4 hour closing basis , a failure to hold above the 1.2674 levels on a 4 hour closing basis could mean a return to the 1.2589 levels where a cut will open 1.2540 levels ahead of the 1.2500 levels . we might see hesitation around this level , but further downside will pave the way towards the 1.2450 levels ahead of the 1.2390 levels..
On the upside , resistance comes at the 1.2674 levels , a clear…Continue
Added by Haitham653 on October 7, 2014 at 9:30am — No Comments
As expected, EURUSD broke to new lows last week and finished the week around 1.2500 projected target. Our primary count shows fifth wave down from 1.2700 which means that impulse from 1.3000 can be near completion. So technically speaking we are expecting a corrective rally on EURUSD, which means a bounce in price, but a reversal or bottom in place can be confirmed only if price will turn up in five waves. For now, that's not the case yet so even ALT count labeled on the chart…Continue
Added by Gregor Horvat on October 6, 2014 at 9:01am — No Comments
The EURUSD continued its bearish momentum last week , topped at the 1.2714 levels and bottomed at the 1.2500 levels . Outlook remains on the downside as long as resistance 1.2675 holds on a weekly closing basis , support comes at the 1.2500 levels , a halt is strongly suggested from this level , If seen , the pair might consolidate around this area before the next move , however ; losing the 1.2500 levels on a weekly closing basis will have large bearish…
October 6th 2014 Last week’s NFP number spoiled my fun and ruined the nice weekly hammer candlestick in NZDUSD. Many pairs were extended and the dollar looked to be about to weaken. Alas we have to wait further.
EURUSD – Last week’s high comes via 1.2714 so watch this market as a clue to the likely performance of USDJPY, NZDUSD etc.
Gold prices dropped to the lowest level in 10 months, with traders now aiming to challenge the 1177.24-78.86 zone…Continue
Added by Gary on October 6, 2014 at 7:30am — No Comments
Today at 11:45 (GMT) , the European Central Bank will release its highly anticipated Monetary Policy Statement, and ECB President Mario Draghi will comment on the decision at a press conference held 45 minutes later.
Expectations are to leave things unchanged , If seen , nothing is gonna help the EURO to recover higher , and another leg down will be suggested , however ; a cut in rate will bring unexpected bearish move – could reach 1.2389 – today , while an increase in rate should…Continue
Added by Haitham653 on October 2, 2014 at 7:34am — No Comments
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2634 holds on a 4 hour closing basis , a failure to hold above the 1.2634 levels on a 4 hour closing basis could mean a return to the 1.2570 levels where a cut will open 1.2540 levels ahead of the 1.2500 levels . we might see hesitation around this level , but further downside will pave the way towards the 1.2450 levels ahead of the 1.2390 levels..
On the upside , resistance comes at the 1.2634 levels , a clear…Continue
German Unemployment Change measures the change in the number of unemployed people during the previous month.
Usual Effect: A high reading or a better than expected number is seen as negative for the EUR, while a low reading is positive.
Frequency: Released monthly, about 30 days after the month ends
Last Read :3 K
Expectations :-2 K
Actual : 13…Continue
Added by Haitham653 on September 30, 2014 at 8:29am — No Comments
September 30th 2014. The USD run has at this point probably gone too far, too fast and yet the pressure remains on the likes of EURUSD which is a key driver of many other pairs. The catalyst for a further move lower could come via Thursday’s ECB meeting and Initial Jobless claims from…Continue
Added by Gary on September 30, 2014 at 8:24am — No Comments
EURUSD is at the lows, now well beneath 1.2700, but most likely in wave v) of (iii) so new short-term corrective retracement can follow back to 1.2760 resistance. From there we will expect a new turn up, into five stages of a black wave 5 that will complete its own cycle from 1.3000 level. With that said, sooner or later EURUSD will turn into a bigger corrective rally, ideally at the start of October.
EURUSD 4h Elliott Wave…
September 29th 2014. Last week extended markets were largely extended further and on EURUSD we managed to break multi-year support.
NZDUSD – Continues lower. I am long this pair and will consider adding on a number of daily higher high’s that take us out of daily…Continue
Added by Gary on September 29, 2014 at 8:38am — No Comments