The GBPUSD maintained a bullish momentum last week after bottoming at the 1.5426 levels, this development leaves the pair targeting the 1.5717 where a breach is very likely , above 1.5717 will target 1.5850 levels where reversal is likely to occur , however; break of 1.5850 on a weekly closing basis will pave the way towards the 1.6150 levels, further upside will aim the 1.6380 levels.
On the downside, support comes at the 1.5426 levels, to reverse risks to the downside , the…
Added by Haitham653 on September 9, 2013 at 9:00am — No Comments
The GBPUSD traded sideways last week with some bullish momentum , resistance is at the 1.5646 levels, the GBPUSD will have to hold above the 1.5646 levels on a daily closing basis to push the market for further upside gains, If seen, the pair is likely to recapture 1.5717 with a breach , next resistance is at the 1.5750 levels, a breach will target the 1.5810 ahead of the 1.5880 levels, further upside will target the 1.6090 levels.
On the downside , support comes at the 1.5562…
Added by Haitham653 on September 9, 2013 at 5:00am — No Comments
The GBPUSD maintained a bearish momentum last week, topped at the 1.5611, bottomed at the 1.5426, pressure now will be on the 1.5426.The GBPUSD will have to hold below the 1.5426 levels on a weekly closing basis to push the market for further downside losses , If seen , It will target the 1.5102 levels where a breach will turn focus on the 1.4800 levels.
Alternatively, a failure to hold below the 1.5426 levels could mean a return to the 1.5611 , a break will look for the 1.5716/50…
Added by Haitham653 on September 2, 2013 at 6:15am — No Comments
Recommendations: SHORT positions below 1.5580 with 1.5480 & 1.5425 as next targets.
Alternative scenario:The upside breakout of 1.5580 will call for a rebound to 1.5635/700.
Description: The pair trades below its resistance 1.5580, stability below this level will build a pressure on the 1.5480/1.5425 levels,to reverse risks to the upside the pair needs to break and hold above the 1.5580 levels on hourly closing basis,If seen…
The GBPUSD continued its bullish momentum last week, topped at the 1.5716 levels, but the pair loses some of its upside momentum , support is at the 1.5546 levels, a halt is suggested, but losing this level will open the way towards the main support 1.5422 levels, below this level will flip bias back to the downside towards the 1.5204 levels.
On the upside, stability above the 1.5422/546 levels could mean a return to the 1.5716 levels, above 1.5716 will have large bullish…
ANZ - "EUR: Recent rebounds to test the 1.33-1.34 area will no doubt raise concern that EUR may be able to post an early push to retest 1.37 or even the declining trend-line around 1.40. However, the show of interim strength is seen as vulnerable. Daily momentum (not shown) is at risk of rolling over and the patterns of price action remain very much that of a series of corrective moves within a broader and frustrating trading range. The bias within this pattern is that EUR…Continue
GBPUSD found resistance yesterday, exactly at wave A)=C) equality level where zig-zag usually forms a turning point. In fact, decline from above 1.5700 has an impulsive quality on the smaller time frame so we suspect that highs are in place and that market is heading lower, even if just in three legs. A broken support line connected from latest two swing lows also suggests that five wave rally in wave C) is done and that market will go south.
GBPUSD 4h Chart - Elliott Wave…Continue
Added by Gregor Horvat on August 22, 2013 at 8:46am — No Comments
GBPUSD reached new high, which could be a final missing piece within a larger uptrend. Keep in mind that we are tracking a five wave move within wave five of one larger degree. The most important is that we know that after every five wave move reversal will follow, so this may happen soon, especially if our interpretation of an ending diagonal is correct. Bearish divergence on the RSI also suggest that turning point is near. We could see a strong move to the downside if 1.5650 and 1.5620…Continue
Added by Gregor Horvat on August 21, 2013 at 1:35pm — No Comments
1. Remember to place here you call for GBP/USD price for Friday August 23 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: GBPUSD at 1.5430
3. All forecasts must be…Continue
EURUSD : the EURUSD maintained a bearish momentum on the 4 hour chart, topped at the 1.3362 levels, bottomed at the 1.3314 levels, now pressure will be on the key support 1.3314 levels.
The EURUSD will have to hold below the 1.3314 levels on a 4 hour closing basis to push the market for further downside losses , If seen,It will target the 1.3260 levels, a halt is strongly suggested , but losing this level will turn focus on the 1.3187 levels, losing this level will…
With the key support 1.5422 intact, further gains towards the 1.5750 couldn't be ruled out , a clear break above the 1.5750 levels will have large bullish implication towards the 1.6380 levels.
On the downside, losing the 1.5422 levels would weaken the current bullish run and flip bias back towards the 1.5204 levels, the last support level for buyers comes at the 1.5078 levels.
On the weekly chart, the pair has printed a new support at 1.5422 levels, so as long as this…
Added by Haitham653 on August 18, 2013 at 4:19pm — No Comments
Bank of Tokyo-Mitsubishi: "The pound may continue to strengthen modestly in the near-term on the back of strengthening UK cyclical momentum. However, those gains are likely to prove limited and remain vulnerable both in the near-term and medium–term. In the near-term those gains could quickly reverse should the BoE choose to strengthen its forward rate guidance. One upcoming key event which poses some downside risk for the pound is on the 28th August when Governor Carney is next scheduled to…Continue
Added by Francesc Riverola on August 16, 2013 at 4:03pm — No Comments
Recommendations: LONG positions above 1.5565 with 1.5630 & 1.5675 as next targets.
Alternative scenario:The downside breakout of 1.5565 will call for a slide to 1.5530/493.
Description: The pair trades above its support 1.5565, stability above this level will build pressure on the 1.5675 levels, losing 1.5565 on hourly closing basis would delay the bullish for retesting 1.5530/493 levels, but downside below 1.5565 is likely to…
Added by Haitham653 on August 16, 2013 at 8:23am — No Comments
ING Bank - "The Fed’s campaign to reinforce a message that tapering is not tightening has seen the USD hand back the gains that by early July had, on some measures, taken it to its highest level for three years. Yet we feel that its recent weakening needs to be placed in the context of a USD that is still well within the ranges established so far in 2013. Our base case remains very much for the USD to enjoy a strong recovery into year-end, even if the catalyst for its gains is in danger of…Continue
Added by Francesc Riverola on August 15, 2013 at 11:19am — No Comments
Recommendations: LONG positions above 1.5493 with 1.5570 & 1.5630 as next targets.
Alternative scenario:The downside breakout of 1.5493 will call for a slide to 1.5455/22.
Description: The pair trades above its support 1.5493, stability above this level will build pressure on the 1.5575 levels, losing 1.5493 on hourly closing basis would delay the bullish for retesting 1.5422/55, but downside below 1.5493 is likely to be…
The GBPUSD maintained a bullish momentum yesterday, topped at 1.5546, bottomed at 1.5422, now a strong pressure will be built on the 1.5575 levels , however ; this development leaves the pair targeting the 1.5575 levels, where a breach is likely, If seen , next resistance is at 1.5615 , a breach will target the 1.5675 levels, further more will aim the 1.5750 levels.
On the downside, to neutralize the bullish attack , the pair will have to break and hold below the 1.5422 levels on…
EURUSD: So far, the pair remains under pressure , resistance is at 1.3315 ahead of 1.3366, stability below resistance levels is likely to add pressure on 1.3175/165 levels, a halt is suggested but losing this level will open the way towards 1.3100 levels .
On the upside , resistance is at 1.3315 levels, stability above this level on a 4 hour closing basis would weaken the current bearish run, above 1.3315 will open the way towards 1.3366 levels, a clear break…
The GBPUSD maintained some bearish momentum yesterday, topped at 1.5521 , bottomed at 1.5458 levels, now pressure will be on the key support 1.5458 , the GBPUSD will have to hold below the 1.5458 levels on a daily closing basis to push the market for further downside losses,If seen, a short term top will be confirmed at 1.5575, next support is at the 1.5355 levels, a breach will turn focus on the 1.5200 levels, but downside below the 1.5458 levels is likely to be contained well above the…Continue
EURUSD: the EURUSD corrected a lower bit last week after reaching 1.3400 levels, resistance is at 1.3366 levels , stability below this level on a 4 hour closing basis will build a pressure on the 1.3300/1.3265 levels, however; break of 1.3366 levels on a 4 hour closing basis is likely to expose 1.3415 levels and target 1.3450/500 levels.…
The GBPUSD maintained a strong bullish momentum last week , and reached as high as 1.5573 , closed at 1.5505 levels, recent development leaves the pair targeting the 1.5530 levels , a halt is suggested as seen last week , but a breach will have large bullish implication towards 1.5750 levels.
On the downside, support is at 1.5434 levels, main support comes at 1.5204, so as long as this level holds on a daily closing basis , the pair will remain biased to the upside towards 1.5530…
Added by Haitham653 on August 11, 2013 at 3:30am — No Comments