All Blog Posts Tagged 'USD' (1,346)

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

BNZ:NZDUSD technicals

Outlook: Play the range

ST Resistance: 0.7980 (ahead of 0.8150)

ST Support: 0.7680 (ahead of 0.7460)

NZD/USD is testing the top end of its recent range, and a close above 0.8050 would encourage bulls. Positioning and momentum remain ostensibly neutral, but continued gains on the crosses gives the optimistic…

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Added by Daologic on November 17, 2014 at 7:12am — No Comments

RBS: EURUSD weekly technical outlook

"EUR/USD FX–has broken the 1.2500 support, but found another one near the 1.2384 level, being the 23.6% retracement from the 2012 impulse wave. There is little conviction from a technical point of view, as the next big move would depend on the test of this level. The MACD weekly is still bearish but its histogram…

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Added by Daologic on November 16, 2014 at 6:30am — 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

Rabobank FX:GBP - too bearish?

"(...)

Relative to its July high, GBP/USD is currently trading around 7.5% lower.  We do not expect that this adjustment has any further to go near-term.   Even though we see no need for the BoE to rush into a rate hike (we expect no move until May at the earliest), equally we do not expect the Fed to have to hurry to adjust policy.  Wage inflation and disinflationary pressure are also evident in the US and we do…

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Added by Daologic on November 12, 2014 at 9:46am — No Comments

TD Securities: EURUSD

"EURUSD’s bigger technical picture tells a similar story to the weekly chart. The underlying trend still looks quite powerfully bearish and there is a broad band of congestion between the low 1.26s and upper 1.27s which should serve to reinforce the short-term resistance point noted above. Weekly price action…

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Added by Daologic on November 11, 2014 at 8:44am — 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

TD:FX Set-up: Draghi Takes the Center Stage

" (...)

So we look for Draghi to reinforce that the ECB is acting, that ABS buying is ready a month earlier than expected, and that if it feels the need to expand the programs further, it will do so in the future, but not now.  This will likely disappoint market expectations given…

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Added by Daologic on November 6, 2014 at 12:35pm — 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

Rabobank FX: USD bulls - a threat?

"While the US economy has little need for strong currency, it is still too early to consider the USD as being too strong.  But assuming the USD continues to appreciate against a broad basket of currencies, it may not be too long before corporate America starts to object.  The  USD index at 87.15 is not drastically below its average rate since the start of the century (88.83), while on several measures of purchasing power…

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Added by Daologic on November 4, 2014 at 12:31pm — No Comments

Share with us your view about AUDUSD. Share and Gain Prizes!

Hello Traders!

Today, we have a fun exercise where you can participate and have a chance to win a GREAT Prize!

All you have to do is to share with us your view about AUDUSD.

We'll pick a winner (or maybe several winners) after everyone has had a chance to leave a comment.

Please also share it on Social Media if you don't mind! and let your traders friends know about it.

It is going to be fun!

This a great way for us to hear from our members and learn…

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Added by Daologic on November 4, 2014 at 10:22am — 24 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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