$Cable has invalidated the long-term wave pattern after the breach of the Weekly triangle-base in the post-FOMC…Continue
Added by fx-Syndicate on September 23, 2013 at 3:30pm — No Comments
The GBPUSD continued its bullish momentum last week , but was rejected from the key resistance 1.6154, now pressure will be on the 1.6154 levels.
The GBPUSD will have to hold above the 1.6154 levels on a weekly closing basis to push the market for further upside gains,If seen ,It will target the 1.6396 levels where a breach will turn focus on the 1.6440 levels, further upside will aim 1.6750 levels.
Alternatively, a failure to hold above the 1.6154 levels could mean a…
The GBPUSD maintained some bearish momentum yesterday , topped at the 1.6162 levels, bottomed at the 1.6021 levels, now pressure will be on the 1.6021 levels.
The GBPUSD will have to hold below the 1.6021 levels on a daily closing basis to push the market for further downside losses ,If seen , It will target the 1.5716/1.5750 levels, a halt is suggested , but a breach will turn focus on the 1.5552 levels, further downside will aim the 1.5422 levels.
Alternatively, a failure…
UBS - "USDJPY BULLISH Resistance is at 100.61, a break above which would open 101.53 ahead of 103.74. Support is at 97.76 ahead of 96.82.
EURUSD BULLISH As a reaction to the sharp advance, there is scope for a short-term setback to unwind. Support is at 1.3501 ahead of 1.3392. Resistance is at 1.3569, a break above which would open the way to major resistance at 1.3711.
GBPUSD BULLISH Resistance is at 1.6179, a break above which would open the way to 1.6381. Any downside will be…
Added by Francesc Riverola on September 20, 2013 at 7:00am — No Comments
Currently we are at 1.5968. We are looking for a bullish continuation to the R6 Wave @ 1.6056 which we anticipate will be the head of a head and shoulders reversal pattern. The average daily true range (ATR) for the pair currently is 93 pips.…Continue
Immediate signals for sentiment are not entirely clear because this week's early action has seen consolidation rather than trend.
But the last 2 weeks have seen steady demand that has taken sterling to 8 month highs.
The top of weekly Ichimoku Cloud has been broken for the 1st time since January
Both momentum and strength indicators are positive
And prices are ‘hugging’ the top of a bullishly trending daily Keltner channel.
So the tone is clear…Continue
Brown Brothers Harriman - "In the first part of next week, ahead of the FOMC meeting, we expect a generally firmer dollar. It seems to be a much more forgivable to be long dollars ahead of the decision that has been awaited for a third of the year than to be short dollars. That said, we suspect the dollar may weaken after the FOMC decision. The Fed is more likely to do less rather than more relative to market expectations.
That sell-off can extend into the end of the week. However, we…
1. Remember to place here you calls for GBPUSD price for Friday September 20 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: GBPUSD at 1.5775
3. All forecasts must be…Continue
The GBPUSD maintained a strong bullish momentum last week , broke above the key resistance 1.5844 ,and topped at the 1.5884 levels, the weekly close above the 1.5884 levels is likely to open the 1.6150 levels, a breach will turn focus on the 1.6380 levels, further upside will aim the 1.6440 level where halt is suggested , but sustained break above the 1.6440 levels will have large bullish implication towards the 1.7500/1.8300 levels.
On the downside, a weekly close back below the…
Added by Haitham653 on September 15, 2013 at 6:28am — No Comments
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