UK & Europe…
Added by Daologic on December 10, 2013 at 6:19am — No Comments
Added by ZeusFXTrader on December 10, 2013 at 5:43am — No Comments
EUR is building a staircase slowly to the 1.3800 level. The pair completely ignores the fundamental data which is not in favor of the EUR. M30,H1,H4 and Daily indicators are extremely bullish, they even do not show any sign of any correction in near future. The market players continue to inflate the bubble, and the oficials continue to say there is no bubble. The last thing which may change the picture is consumer spending this Thursday.So we have to watch this with a great interest. Until…Continue
Added by Vladimir Mihaylov on December 10, 2013 at 5:41am — No Comments
The dollar's weakness against the European currencies does not appear exhausted. The only cautionary note from technical indicators is that the euro and Swiss franc are at the top of their Bollinger Bands, which are set +/- 2 standard deviations from the 20-day moving average. Although the returns (changes) in…Continue
Added by Daologic on December 9, 2013 at 7:33am — No Comments
1. Remember to place here you calls for EUR/USD price for Friday December 13 - 2013 London Open at 7:00AM GMT.
2. Just place ONE forecast, example: EUR/USD at 1.3587
3. All forecasts must be placed before Wednesday December 11 -…Continue
A 4th negative weekly performance in a row was posted last week. Signals for sentiment are overstretched but there are 3 main reasons why we still favour the downside;
In addition EURCHF is traded at 2 month lows with last week's decline the most negative since February.
Added by Alan Collins on December 9, 2013 at 7:21am — No Comments
EUR reached 1.3720 with today's open, however the EUR is too overestimated and i doubt the price to stay longer above 1.3700 level. As long as the price is above 1.3670 further upside is possible, but i expect a deeper correction once below 1.3670 - at least to 1.3615. Weekly,Daily and H4 indicators are pointing to the upside while H1 entered in a correction mode.
GOLD has stopped above 1220 and below 1230 after Fridays sideways move between 1212 and 1242, we have a small body candle…Continue
Added by Vladimir Mihaylov on December 9, 2013 at 7:08am — No Comments
It was a volatile Thursday yesterday as the EUR/USD dropped to 1.3540 and then reversed to 1.3675 following the mr.Draghi's optimistic speech. Currently the pair is consolidating at the top, preforming small correction moves. Today's support is at 1.3620-30, then 1.3580 and 1.3560. They are too close and won't be broken by Friday's profit taking. To break them we need a lot better than expected and also than previous NFP, something in which i really doubt. We have a 'flag' to the upside but…Continue
EUR has made another test of support area 1.3530 and it capped the downside once again. The area was bulls protected and the price quickly returned back to the resistance 1.3590. This morning that resistance was broken and the next 1.3640 has been reached. In fact i was expecting this to happen yesterday, but the market prefered to test the support once again before going to the upside. For today the last resistance is 1.3695 if we break there we shall exit the Ichimoku cloud again, but if…Continue
Added by Vladimir Mihaylov on December 5, 2013 at 7:03am — No Comments
"FX Set-up: The Canary in the Taper “Coal Mine”
Fed taper concerns continue to simmer. This is evident in the fact that US 10-year yields continue to hold…Continue
Added by Daologic on December 4, 2013 at 12:41pm — No Comments
Monday's decline based at a Marabuzo line created on November 26 and the key 13-day moving average. These points proved their relevance yesterday, acting as a platform for a return of investor demand.
Although signals for sentiment can only be strong on a move beyond last week's high, we currently look for setbacks to attract buyers and so for the underlying positive tone to persist targeting a move to 1.3622 and 1.3645…
Added by Alan Collins on December 4, 2013 at 9:47am — No Comments
EUR has almost recovered Monday's losses against the dollar but cannot close above 1.3600 for now. The price stays near the important support of 1.3570 which was set yesterday. Any break below 1.3570 will target 1.3510 area and maybe even deeper. A plenty of important economic data will be released today and for now the market is quiet. More moves can be expected with the beginning of the European session. Weekly indicators are bullish, Daily indicators are flat, and H4 and smaller show that…Continue
EUR dropped to 1.3525-30 support yesterday following the better than expected data from the USA. Today we have no any important news releases, and the trade is going to be quiet and in yesterday's range. On H4 frame indicators show a little bit recovery but there is some resistance area at 1.3550-65. More upside we may see only on a H4 close above 1.3580. We have a wide support area between 1.3500 and 1.3530 so unless we have some EUR really negative news this is not going to be broken. On…Continue
EUR is moving higher step by step with 1.3650 as a first target which is also the Senkou Span A of the positive Ichimoku. It is expected the currency to move along this line for the next 2 days ahead of ECB rate decision and mr.Draghi's speech. For its progress to the upside EUR will mainy rely on bad news from the US more than any good ones from the EU. I think that it is time to dive deeper soon, but let's see first where we shall be able to climb. I think for today and tomorrow the range…Continue
Wed’s strong rejection of the 13 day moving average deepened yesterday. But although a 2nd down day in a row was posted, selling pressure slowed however and was unable to test this month’s base, or the key 50% correction point.
Rallies remain temporary but the bounce from above .8300, and modest Asian demand, means intraday sentiment is assessed as positive with potential for a bounce to .8352/70 area.…Continue
Added by Alan Collins on November 29, 2013 at 7:20am — No Comments
Tuesday’s report highlighted the stalling of Monday’s setback at a Marabuzo line created Thursday. This pattern again proved its worth as it became a platform for renewed buying. Although the extent of the resulting upside was not enough to produce a new weekly high, it was enough, coupled with the support of the 13 day moving average and positive momentum, to turn sentiment positive. The market has potential to 1.6240, 1.6260 and 1.6307.…Continue
The broad fluctuation around the key 13 day m.a continued Mon. A sequence of 2 up days ended with a reaction from Fri’s high that took prices back within the Ichimoku Cloud and to re-test the average. This level held and the bounce has been extended in Asia. And while a move through this month’s top is needed to accelerate bullish momentum immediate sentiment is still mildly positive. So allowing for a reaction to Asian upside we look for the upside to extend with…
"USD/CAD may be at risk of slipping back a little more intraday as early trade is pressuring hourly trend and retracement support in the mid 1.05s. We think intraday losses should be limited—to the 1.0520 area—however, as the broader trend still looks constructive. Short-term trend momentum has weakened over the past few hours, leaving the market looking like a short-term range trade below 1.0565/85.
USD/CAD peeled off the intraday high Friday and closed out the session just off the…
The selling at a 62% correction point has proved significant with the reaction to that point extending into a 2nd negative week in a row. A mid-week rally proved temporary with sellers emerging inside the daily Ichimoku Cloud and although a key Marabuzo line created 4 weeks ago has yet to be tested, negative strength indicators mean that we look for the downside to continue.
Potential targets include .9014 and .8951.…
Added by Alan Collins on November 25, 2013 at 8:23am — No Comments
After Wednesday's false move lower EUR returned back to 1.3560 resistance which holds the further upside for now. You have to allow the EUR to consolidate for the next 30 hours from the time of writing as there are no any important news from the EU and no news from the USA too. More economic data will be released on Wednesday when i expect the 1.3560 to be broken to the upside for at least 100 pips more. If that fails again, bears will take control and we shall watch for a break through…Continue