1. Remember to place here you calls for GBP/USD price for Friday 14 February- 2014 London Open at 7:00AM GMT.
2. Just place ONE forecast, example: GBP/USD at 1.6385.
The GBPUSD halted its losses few days ago at the 1.6260 levels – 50% retracement – of 1.5853 / 1.6668 run , and formed a rising support channel , momentum indicators show that fall from 1.6668 losses its momentum , resistance comes at the 1.6440 levels , sustained trading above this level will suggest that fall from probably is over , If seen the pair is likely to recapture the 1.6668 levels, a halt could be seen , but break of 1.6668 would target 1.6889 levels – %127.2 extension – of…Continue
EURUSD: Net sold overall and by both hedge funds and asset managers in
particular. Selling pressure intensified after the soft German and
Eurozone inflation reports.
USDJPY: Clearly back in play now. Net flows were flat, but two-way
traffic was the heaviest we have seen since July.
USDCHF: Heavy corporate selling left the pair net sold overall, while
other client segments stuck to the sidelines.
EURCHF: Net buying pressure…
Added by Daologic on February 5, 2014 at 3:05pm — No Comments
The GBPUSD maintained a bearish momentum few days ago , topped at the 1.6440 levels and bottomed at the 1.6290 levels, now pressure will be on the key support 1.6290.
The GBPUSD will have to hold below the 1.6290 levels on a daily closing basis to push the market for further downside losses, If seen It will target the 1.6218 levels where a breach will turn focus on the 1.6138 levels , further out will aim the 1.6071/1.6047 levels. losing the 1.6047 will have large bearish implication…Continue
"GBP – on the defensive
Sterling is not having a good week. The softer than expected release of manufacturing PMI data on Monday…Continue
Added by Daologic on February 5, 2014 at 10:31am — No Comments
As bearish conditions are in place, any recovery should be limited to
resistance at 1.3577. Support is at 1.3400, a break below which would
extend the weakness to 1.3296.
The pair has been consolidating over the past few weeks, and there’s
potential for more downside. Support is at 100.76 ahead of the critical
99.96. Resistance is at 102.41 ahead of 103.44.
As a reaction to the recent sharp sell-off which…
Added by Daologic on February 5, 2014 at 8:37am — No Comments
The bearish development on Friday was a close below retracement support at 1.3524. This suggests more downside in the near-term with next support at 1.3400 ahead of 1.3296. Resistance is at 1.3573.
USDJPY NEUTRAL The pair has been consolidating over the past few weeks, with support at 101.63 ahead of 99.96. Resistance is at 103.44 ahead of 104.84.
The pair has been correcting and downside should be limited as bullish conditions persist. Strong…
Added by Daologic on February 3, 2014 at 8:56am — No Comments
"Dollar Poised for Additional Gains
The US dollar is poised to extend its gains against most of the major currencies in the week ahead. The Japanese yen is the main exception. A combination of equity market weakness, the smaller US interest…
Recommendations: LONG positions above 1.6497 with 1.6620 & 1.6670 as next targets.
Alternative scenario:The downside breakout of 1.6400 will open 1.6300/1.6260 levels
Description: Outlook in GBPUSD is neutral this week , resistance is at 1.6497 levels , break of this level will recapture the 1.6670 levels ,above 1.6670 would open 1.6745 next , further out will aim the 1.6800 levels. On the downside , support comes at the…Continue
"EURUSD NEUTRAL MACD has breached the zero line in favour of the bulls. Potential test of resistance at 1.3746 ahead of 1.3893. Support is at 1.3623.
USDJPY NEUTRAL The much expected recovery has finally commenced as the pair tests resistance at 103.67, ahead of 104.84. Support is at 102.078.
As bullish conditions persist, there’s further upside potential to resistance at 1.6747. A break above which would open the way to 1.7043. Support is at 1.6447 ahead of…
Added by Daologic on January 29, 2014 at 7:29am — No Comments
" EURUSD: Slightly net sold in aggregate, despite hedge funds changing tactics and turning buyers for a change.
USDJPY: Net sold overall, mainly by hedge funds and asset managers. The private client community provided some half-hearted upside interest.
USDCHF: Gentle net buying pressure seen from a broad mix of investor segments.
EURCHF: Modestly net bought overall. Asset managers, corporates and private clients joined forces to gently buy the cross, while hedge funds were…
Added by Daologic on January 28, 2014 at 11:18am — No Comments
Despite the recent sharp recovery, the MACD is still below its zero line which is a bearish condition. Only a close above resistance at 1.3746 would extend the strength. Support is at 1.3623 ahead of 1.3508.
USDJPY NEUTRAL The pair has been consolidating over the past few weeks, with support at 101.63 ahead of 99.96. Resistance is at 103.30 ahead of 104.84.
As bullish conditions persist, there’s further upside potential to resistance at 1.6747.…
Added by Daologic on January 28, 2014 at 8:12am — No Comments
"For the last few QE-dominated years, global investors have been faced with relatively liquid markets, squashed volatility across all major asset classes and a 'Carry-Chasing' approach to life in general. As the Fed-led liquidity tide slowly turns, we need to confront a broader set of risks around emerging markets in particular: market illiquidity risk, therefore potentially more extreme currency and interest rate risk; cross border risk, exchange and capital control risk, default risk. We…Continue
Added by Daologic on January 28, 2014 at 5:20am — No Comments
Currently we are at 1.6552 and back in the trend. A couple of different scenarios. 1: bullish: a move to the upper day chart trend line @ 1.6650 area) 2: Bearish : A break down below 1.6535 would set up a “c” wave to the support @ 1.6460. The average daily true range (ATR) for the pair currently is 107 pips.…Continue
Added by Scott Barkley on January 27, 2014 at 2:05pm — No Comments
Based on the weekly chart and based on the weekly bearish PinBar I am short at 1.6511, SL at high of the pinbar at 1.6667, target at 1.63 and 1.6175.…Continue
Added by Daologic on January 27, 2014 at 6:54am — No Comments
Recommendations: LONG positions above 1.6400 with 1.6585 & 1.6667 as next targets.
Alternative scenario:The downside breakout of 1.6400 will bring a slide to 1.6350/1.6260.
Description: Outlook in GBPUSD is neutral this week with risk to the upside as long as support 1.6400 holds on a daily basis , resistance comes at the 1.6585 levels , above this level will turn focus on the 1.6667 levels ,further out will aim the 1.6745…Continue
With the trending indicators bearish, there’s scope for more downside in the near-term to test support at 1.3458 and then onto 1.3296. Resistance is at 1.3604 ahead of 1.3699.
As broader bullish trend firmly in place, focus is on resistance at 104.92, a break above which would open the way to critical 105.75. Support is at 103.86 ahead of 102.86.
GBPUSD BULLISH The recent sharp advance reinforces the bullish picture. Resistance focus is
Added by Daologic on January 23, 2014 at 8:08am — No Comments
The GBPUSD maintained a bullish momentum yesterday , topped at the 1.6485 and bottomed at the 1.6398 levels , now pressure will be on the key resistance 1.6485 .
The GBPUSD will have to hold above the 1.6485 levels on a daily closing basis to push the market for further upside gains , If seen , It will challenge / take out 1.6507 levels , If seen ,It will turn focus on the 1.6602/1.6618 levels, further out will open 1.6745 levels.
Alternatively ,a failure to hold above the…Continue
Added by Haitham653 on January 22, 2014 at 9:31am — No Comments
Flows: Surprises provoke positional adjustment
Macro surprises injected fresh life into FX markets last week, and overall turnover across our books hit an 11-week high. Strong UK retail sales on Friday helped trigger the biggest two-way flow through Cable we have seen since mid-August. The approaching RBNZ policy decision pushed turnover through NZD to a 7- month high. And interest in USDCAD has not been so brisk since June - largely the…Continue
Added by Daologic on January 21, 2014 at 11:08am — No Comments
Further selling extended this morning to test support at 1.3524, a close below which would be negative, triggering a deeper sell-off to 1.3296. Resistance is at 1.3699.
As broader bullish trend firmly in place, focus is on critical resistance at 105.75. A close above which would be the next bullish development. Support is at 102.86.
Having tested the main support at 1.6317, the risk is for extension of the…
Added by Daologic on January 20, 2014 at 7:30am — No Comments