All Blog Posts Tagged 'USD' (970)

USDCAD - Tracking positive Keltner channel towards 1.1674/95

An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…

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Added by Alan Collins on December 18, 2014 at 6:59am — 1 Comment

USDCHF - Key average caps - Bearish Engulfing background targets .9595

There was limited net movement yesterday in USDCHF with both initial highs and subsequent lows rejected. But the failure to rally through the key 13 day moving average coupled with last week's Bearish Engulfing pattern keeps sentiment negative with potential to .9618 and .9595.…

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Added by Alan Collins on December 16, 2014 at 6:56am — 1 Comment

USDCAD - Keltner channels to lead USDCAD higher this week

The previous week's rejection of the lows extended last week. 4 of the last 5 days posted positive performances with the 13 day moving average supporting. This latest upside took USDCAD to the top of both daily & weekly Keltner channels, momentum is bullish and strength indicators positive and so although signals for sentiment are overbought there is no sign yet of anything other than temporary and limited profit taking and we look for gains to develop further with potential to 1.1628…

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Added by Alan Collins on December 15, 2014 at 7:34am — 1 Comment

FOREX forecast 15.12.2014

EUR is moving in a range since the end of last week between 1.2400 and 1.2485. Of course range is pretty wide and allows to use the strategy buy at the bottom and sell at the top as we have a strong resistance above 1.2500. I expect range trade to continue with bearish tone, i am not optimistic about the EUR recovery till the end of this month and year. Christmas is coming in 10 days and we may see a partly profit taking ahead of the holiday. Here are the resistance and support levels for…

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Added by Vladimir Mihaylov on December 15, 2014 at 5:49am — No Comments

FOREX forecast 08.12.2014-12.12.2014

EUR started the week below 1.2300 level. This week's target will be 1.2220 and below. However i expect the current downside to stop somewhere above 1.2100 and from there to start a massive recovery to the upside. All the things on Monthly may turn heavy EUR negative if next year EUR price drops below 1.2000. This if happens may push the price down to 1.1000 and even below. But let's now forget this scenario because it is a really long term one. This year's target will be somewhere above…

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Added by Vladimir Mihaylov on December 8, 2014 at 6:21am — No Comments

EURUSD - Key average caps - 1.2332 targeted

Against a background of bearish signals for sentiment for this week, the capping of the topside at the 13 day moving average proved important. Using that point as a cap, yesterday saw renewed selling pressure. Steady downside resulted and even though last week's low went untested and prices are approaching oversold extremes, the decline leaves sentiment negative targeting 1.2332 and 1.2289.…

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Added by Alan Collins on December 3, 2014 at 6:59am — 1 Comment

FOREX forecast 01.12.2014-05.12.2014

EUR is in a consolidation ahead of the ECB rate decision on Thursday. Until that i expect the consolidation to continue with a bearish tone. We have two major resistances which may reverse the bearish outlook. First one is at 1.2580 and the second one is at 1.2620. breaking of them both and closing the week above will reverse the bearish outlook. On the other side bears have the excellent opportunity of testing 1.2360, as the ECB is expected to leave the interest rate at the record low level…

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Added by Vladimir Mihaylov on December 1, 2014 at 5:06pm — No Comments

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…

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Added by Alan Collins on November 27, 2014 at 6:59am — No Comments

USDCAD- Setback to deepen this week

The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…

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Added by Alan Collins on November 24, 2014 at 7:38am — No Comments

FOREX forecast 24.11.2014-28.11.2014

EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…

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Added by Vladimir Mihaylov on November 24, 2014 at 6:21am — No Comments

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.…

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Added by Alan Collins on November 19, 2014 at 6:59am — No Comments

FOREX forecast 17.11.2014-21.11.2014

Last Friday EUR made some recovery to 1.2550-60 resistance area. Today EUR reversed to the downside again and has cleared all the progress made on Friday. Currently EUR found support at 1.2450 which is also the H4 Senkou Span A price. For now we are still just above the support but i think there is a huge possibility for it to be broken soon. H4 indicators are bearish, and the Daily ones are going bearish too. First target is 1.2380 and then 1.2325. To the upside we need to break above…

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Added by Vladimir Mihaylov on November 17, 2014 at 6:37pm — No Comments

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…

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Added by Alan Collins on November 17, 2014 at 8:38am — No Comments

EURUSD Capped by key Average, downside targets 1.2394.

The current lack of follow through in either direction was emphasised yesterday as price action countered the previous days for a 5th consecutive day. But although the gains were enough to regain Wed’s decline, the key 13 day moving average was again untested and it is that factor, coupled with Asian selling, that leaves sentiment negative targeting 1.2419 and 1.2394.…

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Added by Alan Collins on November 14, 2014 at 7:11am — No Comments

USDCHF - Key Average supports further upside

For a 3rd day in a row selling interest stalled at the key 13 day moving average. That point is acting as a platform but without yet translating into significant demand – only minor net gains resulting yesterday. This means that intraday signals for sentiment cannot be strong but with momentum and strength indicators (RSI) also mildly positive we look for buying interest to build with potential to .9701 and .9726.…

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Added by Alan Collins on November 13, 2014 at 7:00am — No Comments

GBPUSD - Marabuzo Line caps. Selling resumed

The market attempted to extend Friday’s profit taking yesterday. However, this demand was limited – failing, and reversing, above a Marabuzo line created by Thursday’s net decline. Resulting losses were minor but it is the upside rejection, coupled with a declining Keltner channel, that is likely to influence today’s sentiment with potential to 1.5791 and towards 1.5757.…

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Added by Alan Collins on November 11, 2014 at 7:02am — No Comments

USDCAD - Despite setback, Sentiment is Positive

Initial demand took USDCAD to the most positive levels traded for 5 years last week. Although last week ended with some sharp profit taking, a 2nd positive weekly performance in a row, bullish daily & weekly Keltner channels and the support of the 13 day moving average keep the focus on the topside with targets of 1.1400 and 1.1468.…

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Added by Alan Collins on November 10, 2014 at 8:17am — No Comments

FOREX forecast 10.11.2014-14.11.2014

EUR reached a fresh low last week at 1.2360 then some profit taking appeared on Friday and the pair returned back at the important 1.2450 support. Currently we are above it and the H1, H4 and Daily indicators show some recovery signs. However we have some strong resistances ahead, and this recovery may be just some profit taking and not a real recovery process. First resistance comes at 1.2520, the second one is at 1.2565 and finally 1.2650. Only above the last we shall have a real recovery…

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Added by Vladimir Mihaylov on November 10, 2014 at 6:10am — No Comments

GBPUSD - Powerful rejection of the lows leaves sentiment positive

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from open to close. Overall in fact, there has been only minor movement over the last 5 days. Although this means that sentiment is not strong, yesterday's bounce sets the tone for intraday signals with a move above the key 13 day moving average increasing positive momentum. Our targets are 1.6024 and…

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Added by Alan Collins on November 6, 2014 at 7:03am — No Comments

FOREX forecast 03.11.2014-07.11.2014

EUR under a heavy downside pressure again after last week's FED meeting and has broken the 1.2500 support, currently trading below it too. Weekly, Daily and H4 indicators are bearish so another push downside is ahead. Seems that the EUR will look for support around 1.2200-1.2140 and finally 1.2000. It may seem too catastrophic but prices below 1.2000 are also possible, but maybe next year. For now EUR is bearish below 1.2530 and first resistance is now 1.2500.

GOLD dropped sharply to…

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Added by Vladimir Mihaylov on November 3, 2014 at 5:53am — 1 Comment

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