Haitham653's Blog (1,090)

EURUSD Intraday Forecast Apr 16 2014

Recommendations: SHORT positions  below 1.3862 with 1.3810  & 1.3780 as next targets.

Alternative scenario: The upside breakout of 1.3862 will call for a rebound  to 1.3900/30.

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…

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Added by Haitham653 on April 16, 2014 at 7:34am — No Comments

EURUSD Daily Forecast Apr 09 2014

The EURUSD maintained a bullish momentum yesterday , printed support at the 1.3736 levels , and topped at the 1.3810 levels . This development leaves the pair targeting the 1.3845 levels , a halt is likely , but a break would open 1.3900 next, further upside will aim the 1.3996 levels.

On the downside , main support comes at the 1.3736 levels , stability above this level will keep pushing to the upside , but losing the 1.3736 levels on a daily closing basis will open 1.3694 levels…

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Added by Haitham653 on April 9, 2014 at 6:31am — 6 Comments

EURUSD Intraday Forecast Apr 08 2014

Recommendations: SHORT positions  below 1.3805 with 1.3750  & 1.3720 as next targets.

Alternative scenario: The upside breakout of 1.3805 will call for a rebound  to 1.3827/45.

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3805 holds on hourly basis, support comes at the 1.3750 levels , a break would open 1.3720 next, further downside will aim the 1.3690 levels. On the upside , a…

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Added by Haitham653 on April 8, 2014 at 12:06pm — 8 Comments

USDJPY Weekly Forecast Apr 07 2014

The USDJPY continued its bullish momentum last week , bottomed at the 102.78 levels , broke above the 103.42 levels and  topped at the 104.12 levels .As a result ; Outlook in USDJPY turns to the upside , note that as long as 100.74 holds , outlook will remain towards the 104.83 levels , that’s in general , to resume the upside offensive , sustained trading above the 103.42 is needed , If seen , focus will be on the 104.83 where a breach will challenge 105.43 levels , further upside will aim…

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Added by Haitham653 on April 7, 2014 at 5:38am — No Comments

GBPUSD Weekly Forecast Apr 07 2014

Outlook in GBPUSD remains neutral this week , support comes at the 1.6551  levels , a halt is likely , losing this level would open 1.6458 next , further downside will aim the 1.6382 levels . At this point I’d expect strong support from the 1.6382 levels to contain fall from the 1.6821 levels and bring rally resumption , sustained trading – weekly closing – below the 1.6382 will open 1.6132/1.6050 levels….

On the upside , resistance comes at the 1.6683 levels ,sustained trading above…

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Added by Haitham653 on April 7, 2014 at 5:35am — No Comments

EURUSD Weekly Forecast Apr 07 2014

The EURUSD continued its bearish momentum last week , topped at the 1.3820 levels , bottomed at the 1.3672 levels , closed at the 1.3702 levels , few pips below the 1.3706 levels.

As a result ; outlook in EURUSD turns neutral  , support comes at the 1.3642 levels , sustained trading  - weekly closing – below this level would open 1.3471 levels . At this point I’d expect strong support from the 1.3471 levels to contain fall from the 1.3996 levels and bring rally resumption . a clear…

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Added by Haitham653 on April 7, 2014 at 5:34am — 3 Comments

EURUSD Daily Forecast Apr 04 2014

The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.3805 levels , and bottomed at the 1.3697 levels. This development leaves the pair targeting the 1.3660 levels where a breach will turn focus on the 1.3618 levels , further downside will aim the 1.3585 levels.

On the upside , resistance comes at the 1.3766 levels ahead of 1.3805 ( main) , break of 1.3805 levels on a daily basis will turn outlook neutral for 1.3827/1.3845 levels . To reverse risks to the…

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Added by Haitham653 on April 4, 2014 at 5:42am — No Comments

EURUSD : Inverted Head & Shoulders Under Development !

As shown on the 4 hour chart below , the EURUSD was rejected from the weekly and monthly support at the 1.3706 levels , looks like the pair is forming a head and shoulders pattern , which is bullish reversal , added to that , momentum indicators (MACD + RSI ) show that the bearish momentum is fading away , neckline comes at the 1.3875 levels , a clear break on a 4 hour basis should target the 1.4050 levels a breach will aim the 1.4225 levels , further upside will look for the 1.4400…

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Added by Haitham653 on April 2, 2014 at 11:00am — 13 Comments

EURUSD Monthly Forecast April 2014

No change , with the key support 1.3471 intact – Feb 2014 low – further upside couldn't be ruled out , resistance comes at the 1.3825 levels – Feb 2014 high – sustained trading above this level will open 1.4000 levels where a breach will turn focus on the 1.4100 levels , a break will look for the 1.4285 levels , further upside will aim the 1.4500 levels…

On the downside , support comes at the 1.3704 levels – Mar 2014 low –  sustained trading below this level should weaken…

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Added by Haitham653 on April 1, 2014 at 12:43pm — 3 Comments

EURHUF Daily Forecast Mar 31 2014

The EURHUF maintained a bearish momentum last Friday , topped at the 310.63 levels and bottomed at the 308.11 levels . This development leaves the pair targeting the 306.15 levels , a halt is likely , but losing the 306.15 levels would open 303.65 next , further downside will aim the 301.00 levels..

On the upside , resistance at the 309.35 levels ahead of 310.63 (main) , break of this level on a daily basis will reverse risks towards the 313.20 levels , further upside will open the…

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Added by Haitham653 on March 31, 2014 at 7:06pm — No Comments

GBPUSD Weekly Forecast Mar 31 2014

The GBPUSD maintained a bullish momentum last week , bottomed at the 1.6475 levels and topped the 1.6650 levels , note that the pair rebounded strongly above the key support 1.6382 as suggested few weeks ago . As a result , outlook in GBPUSD returns  - cautiously  - to the upside -, a clear break above the 1.6650 levels will confirm bottoming at the 1.6475 levels , If seen , the pair will recapture the 1.6754 levels , sustained trading above the 1.6754 levels will open 1.6821 levels ahead of…

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Added by Haitham653 on March 31, 2014 at 6:05am — 6 Comments

EURUSD Weekly Forecast Mar 31 2014

The EURSD continued its bearish correction last week , but fall from 1.3966 levels was  temporary – halted by the key support 1.3706 as suggested , as a result ; outlook in EURUSD remains neutral with risk to the upside , note that stability above the 1.3706/1.3748 levels could mean a return to the  1.3915/1.3965 levels  , break of 1.3850 levels will build pressure on the 1.3915/1.3965 levels . If this important resistance is taken out , expect the pair to extend gains towards the 1.4035…

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Added by Haitham653 on March 31, 2014 at 6:04am — 7 Comments

AUDUSD Weekly Forecast Mar 31 2014

The AUDUSD continued its bullish momentum as suggested last week , reached 0.9270 levels and topped a littlie bit above this level at the 0.9295 levels . To resume the upside offensive ; 0.9295 should be taken out , If seen It will target the 0.9447 levels , a halt is strongly suggested and the pair is likely to top around this level , If this resistance fails , expect the pair to strengthen further towards the 0.9622 levels , further upside will aim the 0.9757 levels.

On the downside…

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Added by Haitham653 on March 31, 2014 at 6:00am — No Comments

NZDUSD Daily Forecast Mar 28 2014

The NZDUSD continued its bullish momentum yesterday , bottomed at the 0.8585 levels , and topped at the 0.8685 levels . This development leaves the pair targeting the 0.8735 levels where a breach will turn focus on the 0.8800 levels , further upside will aim the 0.8850 levels.

On the downside , support comes at the 0.8640 levels ahead of the 0.8585 levels (main) , losing this level on a daily closing basis , would weaken the current bullish for retesting the 0.8500 levels before the…

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Added by Haitham653 on March 28, 2014 at 7:28am — No Comments

EURUSD Intraday Forecast Mar 28 2014

Recommendations: SHORT positions  below 1.3778 with 1.3720  & 1.3690 as next targets.

Alternative scenario: The upside breakout of 1.3778 will call for a rebound  to 1.3827/45.

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3778 holds , support comes at the 1.3720 levels , a halt could be seen , but a break would open 1.3693 levels , further downside will aim the 1.3660/1.3640…

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Added by Haitham653 on March 28, 2014 at 6:42am — 22 Comments

EURUSD Daily Forecast Mar 27 2014

The EURUSD continued its bearish momentum yesterday , topped at the 1.3827 levels , and bottomed at the 1.3778 levels. This development leaves the pair targeting the 1.3748 levels where a breach is likely , If seen , It will target the 1.3720 levels , a halt is strongly suggested , but losing the 1.3720 levels will open 1.3642 levels , further downside will aim the 1.3585 levels.

On the upside , a failure to hold below the 1.3778 levels could mean a return to the 1.3827 levels ahead…

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Added by Haitham653 on March 27, 2014 at 6:13am — 1 Comment

EURUSD Intraday Forecast Mar 26 2014

Recommendations (1): SHORT  positions  below 1.3845 with 1.3800  & 1.3770 as next targets.

Alternative scenario: The upside breakout of 1.3845 will open 1.3900/1.3965 levels.

Recommendations (2): LONG  positions  above 1.3748 with 1.3810  & 1.3845 as next targets.

Alternative scenario: The downside  breakout of 1.3748 will call for a slide  to 1.3720/07.

Recommendations…

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Added by Haitham653 on March 26, 2014 at 8:56am — 5 Comments

EURGBP Daily Forecast Mar 25 2014

The EURGBP continued its bullish momentum yesterday , printed support at the 0.8343 levels . This development leaves the pair targeting the 0.8400 levels where a breach is likely , If seen , It will target the 0.8450 levels , a halt is likely , but break of the 0.8450 levels would open 0.8500 next , further upside will aim the 0.8540 levels .

On the downside , support comes at the 0.8380 levels  ahead of the 0.8343 levels  ( main ) , losing the 0.8343 levels on a daily closing basis…

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Added by Haitham653 on March 25, 2014 at 7:58am — No Comments

EURUSD Intraday Forecast Mar 25 2014

Recommendations : LONG  positions  above 1.3792 with 1.3870  & 1.3900 as next targets.

Alternative scenario: The downside  breakout of 1.3792 will call for a slide to 1.3750/06.

Description: The EURUSD  has broken above the key resistance 1.3845  , Intraday outlook turns from neutral to bullish , support comes at the 1.3792 levels , stability above this level will keep pushing towards the 1.3870 levels , a…

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Added by Haitham653 on March 25, 2014 at 5:56am — 16 Comments

USDHUF Daily Forecast Mar 24 2014

The USDHUF maintained a bullish momentum last Friday , bottomed at the 225.67 levels and topped at the 227.36 levels . This development leaves the pair targeting the 228.75 levels , a halt is likely , but break of the 228.75 levels will turn focus on the 230.50 levels , further upside will aim the 232.50 levels.

On the downside , main support comes at the 225.67 levels , stability above this level will keep pushing towards the 227.36 levels , break of 227.36 will resume the upwards…

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Added by Haitham653 on March 24, 2014 at 1:35pm — No Comments

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