All Blog Posts Tagged 'GBP' (587)

FOREX forecast 02.06.2014

EUR is going to consolidate until Thursday when it is expected ECB to make either a rate cut or to implement some new measures to support economic growth and to increase low inflation. This will put the EUR under extremely high downside pressure against all currencies. It is quite possible the downside move to be consumed day or two before the ECB meeting, because there are always leaks of information. It is good to know that every upside will be used to open SHORT positions at a better…

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Added by Vladimir Mihaylov on June 2, 2014 at 5:12am — 1 Comment

Charting Trend Reversals

Hello!

First, take a look at the first 3 charts below:

Chart 1:

Chart 2:

Chart 3:…

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Added by Daologic on May 30, 2014 at 6:58am — 1 Comment

EURUSD, GBPUSD and USDCHF mid term strategy

EURUSD:

Build shorts at every 100 pips starting with 1.3660 for a target at 1.35-1.34-1.33.

GBPUSD:

Build shorts at every 100 pips starting with 1.6770 for 1.64 target.

USDCHF:

Build longs at every 100 pips starting with 0.89 for 0.91-0.92 target.

Estimated time 2-6 months.

Added by Daologic on May 30, 2014 at 6:21am — No Comments

EURGBP - Sellers to Return after upside failure

Investors bought the cross to higher levels for a 3rd day in succession. However, although the market traded comfortably through the key 13 day avg, levels beyond that point were not maintained into the close. So despite this week's gains so far, it is the failure to extend beyond that point that signals a weakness of demand.

Coupled with the underlying negative tone reflected by the steady decline from March's high we look for a renewal of selling pressure with scope to .8104 and…

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Added by Alan Collins on May 30, 2014 at 6:16am — No Comments

FOREX forecast 30.05.2014

EUR consolidates just at the support area 1.3590-1.3600, we are currently below the SMA200 @ 1.3640 and through 1.3660 we have a strong daily resistance area, which won't be broken easily. I recommend to SELL EUR on every attempt to test 1.3700 with 20 pips SL. Seems that the EUR is going to make some upside correction ahead of the next ECB meeting in June. As long as the price is below 1.3640 we are bearish.Above 1.3670 we may witness a test of 1.3705-1.3720. Weekly support is at…

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Added by Vladimir Mihaylov on May 30, 2014 at 5:38am — 1 Comment

FOREX forecast 28.05.2014

EUR is playing again with the support area 1.3620-30 where is also the Daily SMA200, currently we are trading a little below, but indicators say in several hours we may have a recovery to the upside. We have made some tests of 1.3600 level and a solid support has been built. Recovery will target 1.3675 first and then 1.3710-1.3740. If we reach all these and upside continues i do not expect to go much over 1.3770 so you may enter SHORT around there.

GOLD has finally decided to wake up…

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Added by Vladimir Mihaylov on May 28, 2014 at 5:06am — 3 Comments

FOREX forecast 27.05.2014

EUR has recovered a bit after several days of continuous falling, however while the price is below 1.3700 this move is considered only as a pullback to gather more downside power. The price has returned back above SMA200 at 1.3630. As long as we are above it further recovery is possible to 1.3690 and if broken to 1.3740-50. Any progress above 1.3740 will be too difficult almost impossible ahead of the next ECB meeting, and it is good to use any upside to open SHORT positins at a better…

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Added by Vladimir Mihaylov on May 27, 2014 at 5:00am — 2 Comments

FOREX forecast 26.05.2014

EUR is calm after trading negative 3 weeks in a row, currently stopped at 1.3620 support area which is just above the weekly support at 1.3570. Although a test of 1.3570 is possible i do not expect to close the week below. EUR is under pressure because of expectations for ECB to implement new stimulus next month. However the Dollar seems not able to benefit much of the situation and the progress against EUR and other currencies is pretty small and too weak. So this little advantage could…

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Added by Vladimir Mihaylov on May 26, 2014 at 4:59am — 3 Comments

Rabobank FX: Sell EURGBP on rallies!

"The fact that sterling retains its place at the best performing developed world currency over the past 12 mths reflects the fact that there is a lot of good news priced-in.  Long positions and the tendency for the market to allow itself to be carried away suggest that the pound is likely to be subject to bouts of profit-taking in the months ahead.  That…

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Added by Daologic on May 23, 2014 at 8:39am — No Comments

FOREX forecast 22.05.2014

EUR continues to trade inside the support area between 1.3650-1.3670, Daily and H4 indicators are pointing to the downside. Recovery is limited by two resistances - 1.3705 and 1.3740. If we break 1.3630 to the downside with more than 40 pips, and close the day below 1.3630, the returning back above 1.3650 will be almost impossible. Market prefers to wait for today's PMI data from Germany and Eurozone, and also for the US jobless claims data later today. It is quite possible for the EUR to…

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Added by Vladimir Mihaylov on May 22, 2014 at 5:34am — No Comments

FOREX forecast 19.05.2014

Full text is here

For today:

LONG EUR above 1.3700 SL 1.3690 TP 1.3730-1.3750-1.3765

SHORT EUR below 1.3690 SL 1.3700 TP 1.3660-1.3630-1.3610

LONG GOLD above 1309 SL 1306 TP 1318-1322-1331

SHORT GOLD below 1280 SL 1283 TP 1272-1266

Good luck!

Added by Vladimir Mihaylov on May 19, 2014 at 5:19am — No Comments

FOREX forecast 16.05.2014

EUR has made a quick test of the 1.3650 support yesterday, but quickly recovered above 1.3700 again, however Daily indicators are mixed and signal of a possible recovery to 1.3770 but only if 1.3720 is broken to the upside on H4. Below 1.3700 the pair is bearish. Upside may be restored only above 1.3810 and there is no way to happen right now. Daily support is at 1.3620 where is the SMA200, if broken the downside pressure over the EUR will increase dramatically and the price may test even…

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Added by Vladimir Mihaylov on May 16, 2014 at 5:53am — No Comments

UBS: BoE and GBP

"(...)

Exchange rate a factor, but BoE only vigilant on 'persistence'

On balance, the result of the QIR was probably better for sterling longs rather than rate shorts. Although there was an explicit acknowledgement that currency strength was exerting downward pressure on inflation, Carney said the BoE was willing to 'look through' this development for now, and revisit if strength became 'persistent'. In contrast, there was much greater caution on the prospect of a higher base…

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Added by Daologic on May 15, 2014 at 5:20am — No Comments

ANZ Fx Insight: Sterling

"(...)

That said, we have argued recently that sterling's appreciation against the USD may be close to reaching maturity and that over the long run it has difficulty sustaining moves above the 1.70 area. This is not to say that the pound cannot test that level and move higher for short periods of time. But it is our view that better value is to be found in buying sterling against the euro (in the short term), yen and Commonwealth currencies (AUD, NZD and CAD) where the pound…

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Added by Daologic on May 14, 2014 at 4:01pm — No Comments

GBPUSD - Rallies capped by Average and Marabuzo line

The background in GBPUSD remains last week's Bearish Inverted Hammer. Monday’s rally proved limited – unable to close above the 13 day moving average and failing at Friday’s Marabuzo line. The subsequent renewal of selling produced a 4th down day from the last 5 and although oversold extremes have produced profit taking in Asia we currently look for bounces to be limited with potential for renewed downside to focus on 1.6819…

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Added by Alan Collins on May 14, 2014 at 6:19am — No Comments

FOREX forecast 14.05.2014

Full text is here

For today:

SHORT EUR below 1.3720 SL 1.3730 TP 1.3690-1.3670-1.3640

LONG EUR above 1.3730 SL 1.3720 TP 1.3770-1.3790-1.3810

LONG GOLD above 1309 SL 1305 TP 1318-1326

SHORT GOLD below 1274 SL 1278 TP 1260-1252

Good luck!

Added by Vladimir Mihaylov on May 14, 2014 at 5:02am — No Comments

FOREX forecast 13.05.2014

Full text is here

For today:

LONG EUR on H4 close above 1.3770 SL1.3755 TP 1.3810-1.3825-1.3835

SHORT EUR below 1.3835 SL 1.3850 TP 1.3750-1.3720-1.3700

SHORT EUR below 1.3750 SL 1.3760 TP 1.3720-1.3685-1.3660

LONG GOLD above 1296 SL 1293 TP 1303-1308-1315-1321

SHORT GOLD below 1290 SL 1293 TP 1285-1280-1276-1272

Good luck!

Added by Vladimir Mihaylov on May 13, 2014 at 5:55am — No Comments

TD: Morning FX Outlook-Will EUR’s Demise Catalyze A Strong USD?

"The outcome of yesterday's ECB meeting and press conference hammered the EUR, which has continued to lose ground overnight and is down roughly 1.3% against USD and JPY, and by a lesser 1.0% against GBP.  However, it still remains to be seen whether EUR's demise will prove the catalyst for the broader ascent of the USD.  Since…

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Added by Daologic on May 9, 2014 at 1:55pm — No Comments

FOREX forecast 09.05.2014

Full text is here

For today:

SHORT EUR below 1.3870 SL 1.3885 TP 1.3810-1.3780-1.3760-1.3740-1.3720

LONG EUR above 1.3830 SL 1.3820 TP 1.3850-1.3870-1.3885 (on your own risk)

LONG GOLD above 1296 SL 1293 TP 1304-1309-1315-1325

SHORT GOLD below 1285 SL 1288 TP 1274-1269

Good luck! 

Added by Vladimir Mihaylov on May 9, 2014 at 5:14am — No Comments

FOREX forecast 08.05.2014

Full text is here

For today:

LONG EUR above 1.3900 SL 1.3890 TP 1.3965-1.3990-1.4010-1.4030 you may add to Long above 1.3930 too, if SL hit reenter LONG above 1.3925

SHORT EUR below 1.3850 SL 1.3860 TP 1.3820-1.3800-1.3790-1.3765-1.3730

Drop to 1.3830 then recovery above 1.3870 = risk aversion ->enter LONG above 1.3890 SL 1.3870

SHORT GOLD below 1302 SL 1305…

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Added by Vladimir Mihaylov on May 8, 2014 at 5:08am — No Comments

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