All Blog Posts Tagged 'USD' (1,283)

BMO FX strategy daily: USDCAD

"Support 1.0850 Resistance 1.0925

The Usd is trading broadly higher this morning, led by Usd/Jpy and the Nikkei overnight in Asia. We have seen some Macro demand for Usd/Cad from yesterday’s lows but offsetting…

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Added by Daologic on September 2, 2014 at 12:34pm — No Comments

BNZ: NZDUSD, sell a rally

Outlook: Sell a rally

ST Resistance: 0.8470 (ahead of 0.8600)

ST Support: 0.8330 (ahead of 0.8260)

Initial support at 0.8330 held after an early test last week. While some support around the 0.8300 figure should be expected, the 50% Fib retracement level at 0.8260 is the major target for…

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Added by Daologic on September 1, 2014 at 8:45am — No Comments

FOREX forecast 01.09.2014

Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely…

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Added by Vladimir Mihaylov on September 1, 2014 at 5:06am — 3 Comments

TD:CFTC Commitments of Traders Report - Week Ending Tuesday, August 26th

"CFTC data for currency futures through the week ending August 26th showed that investors and speculative accounts continue to bet big on an…

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Added by Daologic on September 1, 2014 at 4:42am — No Comments

BNZ:NZDUSD technical outlook-Sell a rally

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8470 (ahead of 0.8600)

ST Support: 0.8330 (ahead of 0.8260)

NZD has kicked off the week testing initial support at 0.8330. Should this give way, there is little stopping an extended break below 0.8300. On the topside, the 200-day moving average provides…

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Added by Daologic on August 25, 2014 at 7:40am — No Comments

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

BNZ:NZDUSD-play the range

Outlook: Play the range

ST Resistance: 0.8540 (ahead of 0.8620)

ST Support: 0.8400 (ahead of 0.8340)

Another week, another failure to break below that 0.84 handle. The case for the downside has lost its momentum, but the threat of a sharp topside squeeze has also…

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Added by Daologic on August 18, 2014 at 1:17pm — No Comments

USDCAD - Testing key Averages - Downside break expected this week

The sequence of 3 up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year’s top, 1.0949. The most negative performance for 7 weeks resulted from this price action. This downside stalled on Friday around the 13/100/200 day moving averages and this introduces a note of caution but sentiment is left negative with only  the…

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Added by Alan Collins on August 18, 2014 at 7:25am — No Comments

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

The expected extended stop hunt move has happened in GBP - what next?

Dear All

The forecast has come true and the players intentions are revealed.

Yesterday in my Asian session webinar I have explained how the players are expected to make upward  extended stop hunt move and drop below the initial low and continue the drop as intentional move.

The typical downward shift in trading zone. - they make the  rise to appear that GBP could go higher,then suddenly use some excuse or data release or speech as trigger and drop about…

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Added by Dr. Sivaraman on August 13, 2014 at 10:49am — No Comments

GBPUSD - Bullish Hammer pattern targets higher levels

Although a new 2 month low was posted in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle charts which, especially ahead of a key 50% correction point, leaves immediate sentiment as positive. The bounce is likely to be temporary, especially while the 13 day average is intact, but sentiment is assessed as positive with potential to 1.6825, 1.6847 and 1.6866.…

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Added by Alan Collins on August 13, 2014 at 6:00am — No Comments

USDCHF - Stalled near Cloud - Setback likely this week

An initial move to 7 month highs proved temporary. Profit taking was attracted above .9100 and the resulting pullback left prices virtually unchanged on the week – the 2nd such week in a row. It is the upside rejection though that has given technical signals a negative tone, although the stalling on Friday at the 13 day moving average is a concern. So potential exists for a profit taking setback to .8971/91 or even .8916.…

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Added by Alan Collins on August 11, 2014 at 6:35am — No Comments

BNZ: NZDUSD Sell the rally

Outlook: Sell the rally

ST Resistance: 0.8530 (ahead of 0.8600)

ST Support: 0.8400 (ahead of 0.8340)

The NZD/USD failed to close below the 200-day moving average for a second week, this time rejecting intraday dips through the level. While this looks likely to break in the near-term, a sustained breach of…

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Added by Daologic on August 11, 2014 at 5:56am — No 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

Old School- Trends and patterns

I am old school guys. I like wood and not plastic, glass and not PTF, the vinyl spinning on a platter and not MP3, analog and not digital. I am old school.

EURUSD Old School Style:

GBPUSD Old School, exhibit A…

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Added by Daologic on August 7, 2014 at 2:55pm — 6 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

Be carefull, the rally in US equity markets is over.

Many analysts have told very clear that the US stock markets rally was a function of FED QE. Now that the FED is ending the QE by October, be carefull with the longs in the stocks. All good things must come to an end. The USD is already in a broader uptrend and it will strenghten more and more. Starting with October, with the end of QE the monetary policy will normalize, in spite of still very low interest rates.…

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Added by Daologic on August 5, 2014 at 5:34am — No Comments

BNZ: NZDUSD-buy the dip

NZD/USD

Outlook: Buy the dip

ST Resistance: 0.8570 (ahead of 0.8640)

ST Support: 0.8460 (ahead of 0.8400)

Tests of the 200-day moving average last week were repudiated. That remains the first line in a particularly significant area of support, which includes NZD/USD’s uptrend from September 2013…

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Added by Daologic on August 4, 2014 at 9:22am — No Comments

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