EUR dropped once again following the failure to reach any agreement between Greece and European partners. Prepare for another drop tomorrow evening when is the deadline for Greece to pay the money. This week we have plenty of economic data but it all doesn't matter in the current situation. Markets are close to a panic state, and you should be extremely careful. If Greece is kicked out of the eurozone, EUR will drop dramatically to 1.04 and even below 1.0000 and GOLD will be reborn with…Continue
EUR consolidates again just above the important support 1.1050 after Friday's drop caused by a lot better than expected US NFP. The situation right now is quite difficult to forecast because the chances of going up again or break below 1.1050 are almost equal. Today some data from Germany will be released and the expectations are for worse values than previous, this will prevent the EUR from going up i think. On Thursday US jobless claims will be released and some more economic data for the…Continue
EUR failed to stay above 1.1000 last week beacuse of the fears about the rumors of Greece leaving the Eurozone soon. Everybody is waiting to see what will happen this month. Of course such move will throw markets into panic for several days and this will affect badly all pairs with much unpredictable moves, so i doubt that someone has interest of Greece leaving now. Greek's prime minister knows this and i must confess he is using it well against his partners. In this difficult situation it…Continue
Added by Vladimir Mihaylov on June 1, 2015 at 5:06am — No Comments
EUR has closed last week at 1.1000 level, currently it trades a little below it but we have a good support at 1.0960-80 area where is the Daily Senkou Span B price of the negative cloud. This serves as a strong support line. I do not expect this to be broken easily because this week's economic data not seem much dollar positive. Today is a non-working day in Germany, UK and USA, and some other countries and the markets will remain closed, so i expect low volatility and tiny range moves for…Continue
Added by Vladimir Mihaylov on May 25, 2015 at 5:00am — No Comments
Hope you are really benefited with the session wise weekly forecast of the forex market and also the expected range in which the currencies could swing in this week.
Today (18 May) I have presented the session wise forecast for this week 18-22 May during my Asian session live market analysis webinar.
The recording of the webinar is available in the given below link:…Continue
Added by Dr. Sivaraman on May 18, 2015 at 2:38pm — No Comments
EUR has broken above the 1.1250 reversal point last week after weak US retail sales data on Wednesday and closed the week above 1.1400 as Michigan's consumer confidence index was a lot worse than expected. This gave some fresh air to amlost all dollar pairs. Today markets start the week calm with no gaps and sharp moves through Asian session. EUR's bullish continues with next Daily target at 1.1600. However i expect some range trade today in small range around 1.1400 because the market will…Continue
Added by Vladimir Mihaylov on May 18, 2015 at 4:54am — No Comments
Today (11 May) I have given Asian session: Live market analysis webinar explaining the session wise expected market moves in this week 11-15 May,the range in which the currencies could swing.Besides I have also explained how the market reading has to be done on a daily basis to decide on entry and exit and the suitable trading stategy to limit the risk and maximize the profit.
The recording of the webinar is available in the given below link:…Continue
Added by Dr. Sivaraman on May 11, 2015 at 1:04pm — No Comments
EUR has made an attempt to break above 1.1370 resistance last week but it was not successful so the price is currently back to support area 1.1140-1.1150. Some 100 pips below is the Daily Sekou Span B price which now serves as another support. If we break below 1.1000 this week the next support will be 1.0860. To the upside we have to deal with 1.1360-70 resistance first. As long as we are closing the day above 1.1150 bullish outlook won't be changed. Currently on H4 things some kind bearish…Continue
Added by Vladimir Mihaylov on May 11, 2015 at 5:33am — No Comments
This week 04-08 May ,the forecast says we may see eitherway stop hunt moves in majors - Today they could hold and build sell positions and make upward stop hunt moves to create a bullish feel and then slowly slide EURO and GBP during this week.This way they could create the market sentiment and act against the traders when they commit positions.
I have explained the session wise forecast for all the 5 days of this…Continue
Added by Dr. Sivaraman on May 4, 2015 at 12:37pm — No Comments
EUR has broken the negative daily cloud as expected however staying far from the negative cloud will be hard, and staying above it will be even harder. We have been below this cloud for almost 10 months. Weekly, H4 and H1 indicators are mixed to bullish, only Daily ones show possible downside move ahead. The pair is now supported by 1.1130 and the resistances are 1.1240 and 1.1290, finally 1.1400. If the current support is broken, the pair will look for support in the area 1.0950-1.1000. It…Continue
Added by Vladimir Mihaylov on May 4, 2015 at 5:34am — No Comments
EUR continues consolidation below 1.1000, but Daily indicators are turning to bullish, H4 ones are bullish also, and we have a huge potential of making a sharp move higher which may reach 1.1240 and 1.1530 so be very careful when leaving opened positions through the weekend, huge gaps are possible. Correction is needed and this can happen by the end of this month or beginning of May. First signal will be breaking of 1.0930, and this will be confirmed if we have a break of 1.1000. We have…Continue
Looking at the Cable on the H4 time frame we see price trending to the…Continue
Added by ChaosTrader63 on April 26, 2015 at 8:05am — No Comments
EUR continues to be under downside pressure because of the financial problems with Greece and speculations that it mey leave the Eurozone next month. Of course such a move will throw financial markets in panic and the pair will drop below 1.000. This will make the dollar very expensive and the price will have a negative impact of the US export too. Above 1.0750 some limited upside is possible to 1.0900 for example where we shall meet the Senkou Span A price level of the Daily cloud. For now…Continue
Today (13 April) I have given Asian session : Live market analysis webinar explaining the session wise expected market moves during the trading days of this week -13-17 April.
the recording of the webinar is posted in www.fxstreet.com under the given below link:…Continue
Added by Dr. Sivaraman on April 13, 2015 at 12:53pm — No Comments
EUR dropped again below the main support 1.0800 and reversed the bullish recovery to bearish continuation. Currently indicators on all time frames are bearish and i expect the downside to continue soon. Breaking below 1.0550 will signal that the pair starts a fresh move to the downside with target 1.0460 and then 1.0420. We have now a strong resistance area at 1.0790-1.0800. Only a Daily close above will reverse the bearish outlook. As long as we are below 1.0650 you may open SHORT…Continue
Added by Vladimir Mihaylov on April 13, 2015 at 5:23am — No Comments
The expected market moves for this week was given during my Asian session : Live market analysis webinar and the recording of the same is available in the given below link:
The market is expected to make trending move in this week - how ever the volatile moves are…Continue
Added by Dr. Sivaraman on April 7, 2015 at 11:16am — No Comments
EUR has recovered a bit and reached 1.1030 again, but it seems we have not enough power to break this higher. Currently the price is locked within the range 1.1030-1.0850. This week we haven't so important economic events and data releases. The most important thing will the the FOMC minutes and it is expected the dollar to loose some price, but it won't be much. EUR will try to take advantage and to preak above 1.1030. This week's upside target will be 1.1310 and 1.1030 will remain the…Continue
Added by Vladimir Mihaylov on April 6, 2015 at 5:46am — No Comments
We are into the week where in the month of March gets over and New month April begins - (30 March -03 April )- the market is expected to make monthly trend reversal moves.this time around.So trade with caution.
I have explained the expected market moves for this week 30 March to 03 April during my Asian session: Live market analysis webinar time.The recording of the webinar is available in the given below link:…Continue
Added by Dr. Sivaraman on March 30, 2015 at 1:45pm — No Comments
EUR climbed up last week and even reached 1.1000 but quickly dropped back. The pair is now supported on Daily at 1.0790, however Daily and H4 indicators point to the downside and it seems for now the pair does not have anough power to break the 1.1000 resistance. So all eyes are now at the support area 1.0810-1.0790, breaking of this will test 1.0660 and 1.0520. Today we shall have the Germany's CPI and some not so important data from the USA. If the economic data from Germany is positive…Continue
Added by Vladimir Mihaylov on March 30, 2015 at 5:09am — No Comments
Today (23rd March) I have given the "Asian session: Live market analysis " webinar explaining the expected market moves for this week 23-27 March.
The link to view the recorded webinar is given below:
We could see week beginning false…Continue
Added by Dr. Sivaraman on March 23, 2015 at 8:51am — No Comments