All Blog Posts Tagged 'JPY' (357)

FOREX forecast 25.08.2014

EUR dropped to 1.3185 this morning and opened the week with a huge downside gap. Today the pair may consolidate around 1.3200, and tomorrow to start a recovery. This week is the end of the month trade, so i expect some profit taking from Short after Wednesday. Weekly, Daily and H4 indicators are bearish but are already turning flat to bullish, so i think we are going to have a recovery soon, although opening with such a gap lower is not a good sign.

GOLD was not able to close the week…

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Added by Vladimir Mihaylov on August 25, 2014 at 5:39am — No Comments

FOREX forecast 21.08.2014

EUR has lost almost 200 pips since Monday and the pair despreately needs a correction but still there are no any signs of a possible correction. EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US. Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness. The pair needs a correction at least to 1.3330-50, and maybe more next week. But first we need to deal with the 1.3290-1.3310 resistance…

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Added by Vladimir Mihaylov on August 21, 2014 at 4:58am — 1 Comment

FOREX forecast 20.08.2014 in advance

After several failed attempts to break 1.3400, te EUR slided down below the 1.3330 support reaching 1.3312 by the moment of writing. The area between 1.3295-1.3310 seems well protected and it will be difficult to break before tomorrow's FED decision. I think that the market is currently consuming tomorrow's news. So it is quite possible to witness a risk aversion tomorrow, reaching 1.3470-1.3500.

GOLD is trying to stay above 1292 support but breaking below will increase the downside .…

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Added by Vladimir Mihaylov on August 19, 2014 at 4:16pm — 1 Comment

FOREX update 15.08.2014

EUR did not succeed to close daily trade above 1.3380 the whole week. It moved in a small range between 1.3340 and 1.3415.Breaking of either will boost the further move in the same direction. However for now the pair seems locked inside.

GOLD has made a quick test of 1292 support but returnes fast above the previous 1305 support.Any drop below 1300 again may cause further drop to 1276 and 1254 for example.

NZD preserves the chances of upside recovery as long as the price is…

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Added by Vladimir Mihaylov on August 15, 2014 at 4:46pm — 2 Comments

FOREX forecast 11.08.2014

EUR recovery has reached 1.3430 but the bullish power was not enough for something more, so the pair made a pullback to 1.3400, just above the support area 1.3380-90. Breaking below will test 1.3320-30 once again. We have a great chance for this because tomorrow's ZEW for Geermany is expected to be far worse from the previous value, and economic growth data for the eurozone on Thursday is also expected to be worse than previous. So i expect more slide till the end of this week.

GOLD…

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Added by Vladimir Mihaylov on August 11, 2014 at 5:00am — No Comments

FOREX forecast 06.08.2014

EUR lost 1.3400 again ahead of ECB meeting tomorrow. As i have said in my previous forecast we have two support areas below 1.3330 and 1.3300. Currently EUR is far below the negative Ichimoku and it is expected the pair to make a big upside correction till the end of this week. The recovery move may be a part of tomorrow's high volatility too. Daily indicators are negative while smaller ones are mixed to positive. To the upside recovery is limited by 1.3610-20 resistance and i do not expect…

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Added by Vladimir Mihaylov on August 6, 2014 at 5:02am — 1 Comment

FOREX forecast 04.08.2013

EUR has made a small upside correction following 1.3370 drop from last week. The pair on Daily, H4 and H1 is bullish, but on other time frames is bearish. So i think that the current recovery is just a small correction and still we have no solid ground below. Such solid support is 1.3300, for nor this seems away below, but we have the ECB meeting this week and soon EUR may become under selling pressure. We have also the PMI, EU retail sales and Germany's factory orders this week too, so it…

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Added by Vladimir Mihaylov on August 4, 2014 at 4:54am — 1 Comment

TD: Morning FX Outlook-1 August

"The USD is heading into the data carnival roughly flat, on balance, from yesterday's close, down smalls against the EUR, but up smalls against JPY, CAD, GBP, and the Antipodeans.  Having risen more than 2% in July and held on to gains after a relatively dovish FOMC statement, the greenback is well positioned to extend gains today, but it will require strong data outcomes to deliver moves of significant magnitude.  EURUSD…

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Added by Daologic on August 1, 2014 at 11:55am — No Comments

FOREX forecast 31.07.2014

Dollar gained much strength these days as FED continues to cut the stimulus program. USD has made significant advance against everything, but it seems that after yesterday's decision it is time for profit taking, so we have some pullback eveywhere. I expect the EUR to try to recover back to 1.3450-65 today or tomorrow. Another dollar push below 1.3375 may take the pair down to 1.3330. There we have a strong support area which is not going to be brokens soon, so you may enter LONG close to…

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Added by Vladimir Mihaylov on July 31, 2014 at 4:56am — 3 Comments

FOREX forecast 28.07.2014

EUR dropped below 1.3450 support and now consolidates inside the main support area between 1.3420 and 1.3450. It is expected the pair to test 1.3400. EUR is bearish on all time frames except Weekly and Monthly. The resistance area is 1.3445-1.3455 and if broken the target will be 1.3475-85. To the downside breaking of 1.3400 may lead to another drop to 1.3300.

GOLD bounced from the Senkous Span B price last week and currently continues recovery above 1294. At the moment of writing the…

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Added by Vladimir Mihaylov on July 28, 2014 at 4:51am — No Comments

FOREX forecast 23.07.2014

EUR dropped below 1.3500 yesterday and is now approaching a strong support area which is going to stop the downside move and to start a recovery to the upside.This area is between 1.3420 and 1.3450. However if 1.3400 is broken this will lead to another 100 pips drop, but i think this won't happen this month. Since today's opening the EUR shows signs of recovery. The target is 1.3500 and above but the first attempt may not succeed.

GOLD is pretty calm in this situation, hovering above…

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Added by Vladimir Mihaylov on July 23, 2014 at 6:23am — No Comments

TD Securities: CADJPY technical outlook-21 July

"CADJPY continues to pressure major support in the low 94 area. Despite failing to hold last Friday’s channel break, we still rather favour the downside for the CADJPY. The short-term trend lower from the early July high at 96.22 is well-defined and relatively well-entrenched on the short-term charts. Intraday…

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Added by Daologic on July 22, 2014 at 4:09am — No Comments

Rabobank FX: JPY and risk appetite

"(...)

We expect that the JPY is still on course for softening vs. the USD over the medium-term as the progression of Fed tapering highlights the extremely accommodative position of the BoJ.  However, near-term the readjustment in expectations regarding the outlook for the AUD, NZD and the EUR could be providing additional support for the yen.  Layered on top of the prevailing geopolitical risks and the adjustments…

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Added by Daologic on July 21, 2014 at 11:13am — No Comments

FOREX forecast 18.07.2014

EUR still holds 1.3520 by the end of the week, but let's first take a look on my previous forecast. on Wednesday i have forecasted that the EUR will continue sliding down to the support area 1.3490-1.3500. Well it still didn't reached that but went too close and the week is not over yet.We can see some stabilization just above that support area. So maybe some correction to the upside is possible today for example to 1.3540-50 and then another push to the downside again.

GOLD…

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Added by Vladimir Mihaylov on July 18, 2014 at 4:43am — 4 Comments

FOREX forecast 16.07.2014

EUR dropped yesterday following a lot worse than expected ZEW data from Germany and Eurozone. Today i expect the downside to continue with target 1.3490-1.3500 support area. If that is broken too (maybe not today) downside will continue to the major support and reversal area 1.3420-30. Closing below that on Weekly will reverse the bullish trend. But I don't think this will happen soon. Currently EUR is bearish on all time frames, so more downside to come, do not enter LONG. A correction has…

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Added by Vladimir Mihaylov on July 16, 2014 at 5:02am — 1 Comment

FOREX forecast 11.07.2014

EUR is consolidating again ahead of Daily Senkou Span A price but as long as the price is below 1.3640 the pair is quite vulnerable to a sudden drop to 1.3540-50 for example. However this will be only a temporary weakness. And the consolidation outlook won't be changed even if the price drops to 1.3500. I think that the EUR will try to enter the negative Daily Ichimoku in the next 10 days and this means reaching 1.3700. Once above 1.3700, the final resistance will be 1.3750, and if we have a…

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Added by Vladimir Mihaylov on July 11, 2014 at 5:00am — 1 Comment

FOREX forecast 08.07.2014

EUR has stopped for a while the free fall, but it almost has no chances of any recovery to the upside as we have a strong resistance area built by several resistance lines. This resistance area is between 1.3630 and 1.3660. If we have any recovery into this area please keep in mind that the new downside wave may start at any moment. Upside reversal may happen only on a Daily close above 1.3680. If so, then the negative Daily Ichimoku will be inder attack and the target price will be…

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Added by Vladimir Mihaylov on July 8, 2014 at 5:27am — 3 Comments

FOREX forecast 03.07.2014

Today is the ECB meeting and the central bank will have to decide wheather to implement additional tools to stimulate inflation or not. As the price is above 1.3630 EUR/USD is bullish. First target is 1.3725 and the second one is 1.3780, finally 1.3840-50, where a correction to the downside must appear. Bearish scenario is if 1.3630 is broken, first target will be 1.3590-1.3600 support area, if broken next target will be 1.3510-1.3485. Remember that tomorrow US markets will be closed because…

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Added by Vladimir Mihaylov on July 3, 2014 at 6:16am — No Comments

Rabobank FX: USD/JPY, how low can it go?

"(...)

 Currently, USD/JPY is positioned at the top on the weekly cloud at 101.40.  A close below this level this week would also hint at further downside potential towards the 100.80 area initially. 

  While USD/JPY could…

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Added by Daologic on July 1, 2014 at 9:04am — No Comments

FOREX forecast 01.07.2014

As expected EUR moved to the upside reaching 1.3700-1.3710 resistance area which bounced back the price on first attempt. This upside recovery may reach some more highs, but i think that by the end of the week we shall have a reversal and drop below 1.3650 again. Currently the price is supported by the 1.3680-1.3670 support area and we are bullish as long as the price is above that support area. My model shows that the upside may even reach 1.3810 on some fundamental news, before the…

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Added by Vladimir Mihaylov on July 1, 2014 at 5:16am — 2 Comments

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