All Blog Posts Tagged 'GBP' (541)

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…


Added by Alan Collins on January 20, 2015 at 7:04am — No Comments

All eyes are on ECB - but players do differently -market session wise forecast 19-23 january

Dear All

 Last week SNB statement and market reaction may be still ringering in the minds of the traders.Such big extended stop hunt moves are part of yearly trend reversal time before the commencement of the trending move.I have explained in details what could happen in this week during my today's (19th Jan) Asian session: Live market analysis webinar.The recording of the same is available in the given below link:…


Added by Dr. Sivaraman on January 19, 2015 at 1:46pm — No Comments

FOREX forecast 19.01.2015-23.01.2015

EUR continues to loose price against the Dollar. The price dropped to 1.1460 and then we had some 100 pips pullback. Currently the pair attempts to recover further using the profit taking from SHORT ahead of ECB later this week. We shall have also Germany's ZEW economic sentiment and Eurozone PMI which are expected to be better than previous so this may help the EUR to climb up to 1.1760 and even to test 1.2040 again. All indicators are bearish below 1.1570. First downside target is 1.1510…


Added by Vladimir Mihaylov on January 19, 2015 at 6:49am — 2 Comments

GBPUSD - Potential for bounce to test 13 day avg

Tuesday’s rejection of the downside extended yesterday. The upside was not extensive but these gradual counter trend gains are now supported by intraday momentum and strength indicators (RSI) and there is scope, in our assessment, for the medium term trend defining 13 day moving average to be tested.

This comes in at 1.5291 with interim levels at 1.5251 and 1.5270. Only below 1.5171 negates this scenario.…


Added by Alan Collins on January 15, 2015 at 7:58am — No Comments

GBPUSD - Sentiment assessed as negative. Rallies to attract sellers. 1.5077 targeted

This year has begun as last year ended – with CABLE being sold to lower levels. Last week's decline was the 4th in a row, continuing to track the lower end of the daily/weekly Keltner channels and reaching the most negative prices for 18 months. This underlying bias will remain the backdrop but failure to maintain the lows and Friday’s profit taking gains from oversold extremes is likely to influence early price action. Therefore, our call is modestly Bearish with a rally near to…


Added by Alan Collins on January 12, 2015 at 7:53am — No Comments

Eitherway moves may continue in this week -12-16 Jan

Dear All

Today (12 Jan ) during my Asian session: Live market analysis webinar time explained the sessionwise expected market moves of the week 12-16 Jan.besides the levels in which the currencies could swing in this week were also been explaied.Since we are in the yearly trend reversal time the market may continue with eitherway moves - ie lower level consolidation with frequent downward stop hunt.More details can be obtained from the recording of the webinar:

follow the link…


Added by Dr. Sivaraman on January 12, 2015 at 7:45am — No Comments

FOREX forecast 12.01.2015-16.01.2015

Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction. Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited. Currently the Daily…


Added by Vladimir Mihaylov on January 12, 2015 at 6:26am — No Comments

USDCHF - Setback from highs to deepen towards 1.0127

Demand that has dominated the last 4 weeks continued yesterday. A new 4 year high was posted with prices maintained levels beyond the upper end of a rising Keltner channel. This emphasises the underlying trend but also the overbought situation that was modestly addressed by the failure to maintain the peaks. It is that latter element that leaves intraday mildly, temporarily, negative going into today with scope for a deeper correction before the US NFP data with potential to 1.0150 or even…


Added by Alan Collins on January 9, 2015 at 6:58am — 1 Comment

New year beginning expected market moves

Dear All

Wish you all very happy and profitable new year 2015.The forecast  for this year and week are given in my today's asian session: Live market analysis webinar.The recording of the same is available in the given below link.…


Added by Dr. Sivaraman on January 5, 2015 at 2:03pm — No Comments

FOREX forecast 05.01.2015-09.01.2015

EUR dropped heavily with today's open and started this week with a huge gap lower. Seems that EU economy is quite more worse than mr. Draghi and other financial ministers keep trying the whole 2014 to convince us. Now the politics take part in the game trying desperate to save the EU economy. mrs.Merkel says Greece may be kiked off the EU zone soon and this has turned the market into a strom field. It is good to know that such news throw the market into panic and economic data has no matter.…


Added by Vladimir Mihaylov on January 5, 2015 at 6:27am — No Comments

Support & Resistance for GBP/USD

For today
R4 - 1.5753 / R3 - 1.5685 / R2 - 1.5665 / R1 - 1.5636
SPOT 1.5582
S1 - 1.5486 / S2 - 1.5462 S3 - 1.5423 S4 - 1.5281    
SELL AT 1.5610 FOR 1.5423; STOP AT 1.5685

Added by Andrius on January 2, 2015 at 9:03am — No Comments

FOREX forecast 29.12.2014

EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move. Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.

GOLD is still blocked inside the Daily Ichimoku, we need to break above the…


Added by Vladimir Mihaylov on December 29, 2014 at 6:07am — No Comments


Merry Christmas, dear…


Added by Vladimir Mihaylov on December 24, 2014 at 6:00pm — 3 Comments

FOREX forecast 22.12.2014

Another week another fresh EUR low. The EU currency hit the 1.2220 resistance which is the Monthly SMA200 too. There are only a few trading days of 2014 and just one support standing - this is the area 1.2060-1.2080. Currently the pair is stongly bearish on all time frames an this state will remain until the price is below 1.2270 which is the first Daily resistance, the second one is 1.2320 and finally 1.2360-1.2385. Today is expected some worse data from Germany, and for the rest of the…


Added by Vladimir Mihaylov on December 22, 2014 at 6:23am — 3 Comments

FOREX forecast 15.12.2014

EUR is moving in a range since the end of last week between 1.2400 and 1.2485. Of course range is pretty wide and allows to use the strategy buy at the bottom and sell at the top as we have a strong resistance above 1.2500. I expect range trade to continue with bearish tone, i am not optimistic about the EUR recovery till the end of this month and year. Christmas is coming in 10 days and we may see a partly profit taking ahead of the holiday. Here are the resistance and support levels for…


Added by Vladimir Mihaylov on December 15, 2014 at 5:49am — No Comments

FOREX forecast 08.12.2014-12.12.2014

EUR started the week below 1.2300 level. This week's target will be 1.2220 and below. However i expect the current downside to stop somewhere above 1.2100 and from there to start a massive recovery to the upside. All the things on Monthly may turn heavy EUR negative if next year EUR price drops below 1.2000. This if happens may push the price down to 1.1000 and even below. But let's now forget this scenario because it is a really long term one. This year's target will be somewhere above…


Added by Vladimir Mihaylov on December 8, 2014 at 6:21am — No Comments

FOREX forecast 01.12.2014-05.12.2014

EUR is in a consolidation ahead of the ECB rate decision on Thursday. Until that i expect the consolidation to continue with a bearish tone. We have two major resistances which may reverse the bearish outlook. First one is at 1.2580 and the second one is at 1.2620. breaking of them both and closing the week above will reverse the bearish outlook. On the other side bears have the excellent opportunity of testing 1.2360, as the ECB is expected to leave the interest rate at the record low level…


Added by Vladimir Mihaylov on December 1, 2014 at 5:06pm — No Comments

Market sentiment - bullish?bearish? confusing? mixed?????

Dear All

We have entered into last month of the year.During year end time the players are known to make yearly trend reversal moves.They are expected to be unusual big moves..

...........They have started that with  a bang ......quick drop in GBP and AUD  and rise in USD/YEN to create bearish feel in other majors and later reversed all the way up creating the bullish feel...............

..........!!!!!! Yes the economic conditions of those countires have undergone…


Added by Dr. Sivaraman on December 1, 2014 at 1:56pm — No Comments

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…


Added by Alan Collins on November 27, 2014 at 6:59am — No Comments

FOREX forecast 24.11.2014-28.11.2014

EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…


Added by Vladimir Mihaylov on November 24, 2014 at 6:21am — No Comments


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