All Blog Posts Tagged 'USD' (1,014)

FOREX forecast - 16.02.2015-20.02.2015

EUR has stabilized the price above 1.1300 and seems ready to start recovery to the upside this week. Economic data that is going to be released is expected to support the upside movements too. First support comes at 1.1405 above this one we are bullish and the target is 1.1450-1.1475-1.1495-1.1530. Above the last comes the first significant resistance area between 1.1545 and 1.1575. As you can see it is pretty wide and it is even stronger with the help ot the H4 SMA200 which passes through…


Added by Vladimir Mihaylov on February 16, 2015 at 6:17am — No Comments

EURUSD - Buyers return - upside to extend

After 3 days of consolidation/limited net movement buying interest was attracted to EURUSD yesterday. This took prices to test the key 13 day moving average and although that point was not clearly breached, the underlying positive tone has been reinforced by Asian demand this morning with potential to retest this month's highs in the coming days.

Intraday targets are 1.1458 and 1.1487 with a risk of 1.1371.…


Added by Alan Collins on February 13, 2015 at 7:02am — No Comments

GBPUSD - Tentatively Bullish targeting 1.5297

Against a background of positive signals for sentiment for this week, yesterday saw a return of buying interest. After 2 days of decline the trend defining 13 day moving average was untested and buyers emerged around the 1.5200 level. Monday’s net fall was regained but the highs were not maintained and Asia has attracted some further downside. Nonetheless, temporarily and cautiously, sentiment is assessed as positive and so our call is Cautiously Bullish while above 1.5197, yesterday's low.…


Added by Alan Collins on February 11, 2015 at 6:30am — 1 Comment

USDCAD is checking out the Eve’s round bottom

USDCAD underwent a multi-year decline from the early 2002 till late 2007 before bottoming out at .9061. Recovery from there reached 1.3063 in March 2009 before submitting into a further weakness.

The following decline appeared on a much slower pace reaching its lowest point at .9408 in July 2011. Both of the dips together, the V-shaped one and the more round…


Added by Miroslava Micunkova on February 9, 2015 at 10:30am — No Comments

FOREX forecast 09.02.2015-13.02.2015

EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1.1440 have to be broken too. This week there are few important economic releases and this somehow will help the EUR to recover further to the upside, but i do not expect for now recovery above 1.1600. To the…


Added by Vladimir Mihaylov on February 9, 2015 at 6:39am — No Comments

GBPUSD - Gradual drift lower to continue.1.4989 targeted

Like EURUSD this week's signals highlight a lack of clear immediate signals for sentiment. This was confirmed by limited net movement yesterday and similar ranges to Friday’s indecisive trading. So, despite remaining under the 13 day average and the Keltner channel being bearish, immediate studies have to be assessed with caution. Nonetheless lower levels in Asia keep the focus on the downside with potential to 1.4989 or even 1.4951. The risk level is currently assessed as…


Added by Alan Collins on February 3, 2015 at 7:19am — 1 Comment

FOREX forecast 02.02.2015-06.02.2015

EUR has paused the high speed downside which started in December. However the downside is still far from over. On H4, Daily, Weekly and Monthly the indicators are bearish and for now do not show any signs of correction. To start a correction we need a H4 close above 1.1360 first, next resistance comes at 1.1480, above that will open the way to 1.1650 and 1.1800. To the downside things are much easier first support comes at 1.1270, followed by 1.1200 and 1.1140 , finally 1.1097 which was the…


Added by Vladimir Mihaylov on February 2, 2015 at 6:24am — No Comments

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…


Added by Alan Collins on January 26, 2015 at 7:51am — 1 Comment

FOREX forecast 26.01.2015-30.01.2015

EUR continues free fall as the negative news is coming out one by one. First the ECB starts QE program and now in Greece will rule the pro-socialist government. Days of the european union are already counted, the countdown has started. EUR price goes to the downside incerasing its speed with every hour it is like a snowball falling downs the mountain slope and finally will crash into the rocks at the bottom. This morning the pair has recorded a fresh low at 1.1097 then corrected some 100…


Added by Vladimir Mihaylov on January 26, 2015 at 6:42am — 1 Comment

EURUSD - Bounces to be limited. Potentail to 1.1282

Wednesday’s bearish Inverted Hammer pattern was…


Added by Alan Collins on January 23, 2015 at 7:24am — No Comments

USDCAD breaks key levels. Longer term investors will target 1.2470.

Today's powerful move higher has taken USDCAD to the most positive levels since Q2 2009 and also recovered more than 76% of the fall from that year's peak.

Although some profit taking will be attracted as the dust on today's news settles, longer term investors will remain bullish of this currency pair targeting 1.2470 or even 1.2601 in the coming weeks.…


Added by Alan Collins on January 21, 2015 at 3:57pm — No Comments

EURUSD - Keltner channel points lower. 1.1540 immediate target

Monday’s minor net gains were overturned yesterday. But the resulting downside was still muted – keeping prices near the bottom of a negative Keltner channel but without threatening Friday’s bullish Hammer pattern. This price action does not supply strong signals for sentiment but, despite Asian gains, 3cA studies are left negative for this morning with potential through 1.1561 to 1.1540 or even towards 1.1493. The risk is above 1.1642.…


Added by Alan Collins on January 21, 2015 at 6:55am — 1 Comment

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…


Added by Alan Collins on January 20, 2015 at 7:04am — No Comments

FOREX forecast 19.01.2015-23.01.2015

EUR continues to loose price against the Dollar. The price dropped to 1.1460 and then we had some 100 pips pullback. Currently the pair attempts to recover further using the profit taking from SHORT ahead of ECB later this week. We shall have also Germany's ZEW economic sentiment and Eurozone PMI which are expected to be better than previous so this may help the EUR to climb up to 1.1760 and even to test 1.2040 again. All indicators are bearish below 1.1570. First downside target is 1.1510…


Added by Vladimir Mihaylov on January 19, 2015 at 6:49am — 2 Comments

USDCAD - Powerful bounce targets levels above 1.2000

Early gains Thursday failed close to 1.2000 but the key factor is that the powerful subsequent decline of almost 2 big figures was equally aggressively reversed into the close. This rejection of levels beneath the 13 day moving average emphasises the relevance of the positive Keltner channel and we look for the upside to continue to develop towards 1.2018 and 1.2042.…


Added by Alan Collins on January 16, 2015 at 6:56am — No Comments

GBPUSD - Potential for bounce to test 13 day avg

Tuesday’s rejection of the downside extended yesterday. The upside was not extensive but these gradual counter trend gains are now supported by intraday momentum and strength indicators (RSI) and there is scope, in our assessment, for the medium term trend defining 13 day moving average to be tested.

This comes in at 1.5291 with interim levels at 1.5251 and 1.5270. Only below 1.5171 negates this scenario.…


Added by Alan Collins on January 15, 2015 at 7:58am — No Comments

EURUSD - Temporary, counter trend, profit taking to extend towards 1.1897

There was limited net movement in EURUSD yesterday. Both overnight highs and subsequent lows were rejected and the market continued to consolidate after 4 negative weekly performances. This price action does not provide strong signals for sentiment but despite the underlying tone remaining negative, intraday studies are more positive with scope to 1.1872 and 1.1897.…


Added by Alan Collins on January 13, 2015 at 6:59am — No Comments

GBPUSD - Sentiment assessed as negative. Rallies to attract sellers. 1.5077 targeted

This year has begun as last year ended – with CABLE being sold to lower levels. Last week's decline was the 4th in a row, continuing to track the lower end of the daily/weekly Keltner channels and reaching the most negative prices for 18 months. This underlying bias will remain the backdrop but failure to maintain the lows and Friday’s profit taking gains from oversold extremes is likely to influence early price action. Therefore, our call is modestly Bearish with a rally near to…


Added by Alan Collins on January 12, 2015 at 7:53am — No Comments

FOREX forecast 12.01.2015-16.01.2015

Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction. Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited. Currently the Daily…


Added by Vladimir Mihaylov on January 12, 2015 at 6:26am — No Comments

USDCHF - Profit Taking to deepen towards 1.0035/11

Against a background of bullish signals for sentiment for this week, the week began with demand in Asia. Those highs, despite being retested in European price action, were not maintained although prices continue to track the upper end of a rising Keltner channel. This price action leaves intraday signals for sentiment mildly negative with potential to 1.1707 and 1.1693.…


Added by Alan Collins on January 6, 2015 at 7:00am — 3 Comments


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