The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.

Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…

The EURUSD halted its weakness at the key support 1.2795, with the break of the key resistance 1.2890, the pair is likely to consolidate with bullish bias, next resistance is at 1.3030 where strong cap is suggested , so If 1.3030 holds, there’s a risk to back towards 1.2795 levels, losing this level on a daily closing basis would open the way towards 1.2625 levels first ,ahead of 1.2500 levels.

On the upside , a daily close above 1.3030 is likely to weaken to current bearish run but,…

Recommendations: SHORT positions below 1.2901 with 1.2795 & 1.2700 as next targets.

Alternative scenario:The upside breakout of 1.2901 will call for a rebound to 1.2945/1.3030.

Description: The pair's already found resistance at 1.2901 level, as long as this level holds, look for further losses towards 1.2795/1.2700 levels, an hourly close above 1.2901 will call for a…

Recommendations: SHORT positions below 1.2890 with 1.2745 & 1.2625 as next targets.

Alternative scenario:The upside breakout of 1.2890 will call for a rebound to 1.3030/195.

Description: The EURUSD continued to maintaine its bearish momentum last week, now pressure will be on the key support 1.2745, a break below that level will open the way towards 1.2625 levels.On the…

Recommendations : SHORT positions below 1.2956 with 1.2890 & 1.2850 as next targets.

Alternative scenario : The upside breakout of 1.2956 will call for a rebound to 1.3010/50.

Description : The pair maintained a bearish momentum yesterday,stability below 1.2956 levels will keep the pair under pressure with risk towards 1.2890/1.2850 levels, on the upside , an hourly close above 1.2956 will delay the bearish scenario and…

Recommendations: SHORT positions below 1.3194 with 1.2870 & 1.2780 as next targets.

Alternative scenario:The upside breakout of 1.3194 will call for a rebound to 1.3280/315.

Description: The EURUSD maintained a bearish momentum last week after losing the key support  1.3109, with the key resistance 1.3194 intact, the risk for more losses is likely towards 1.2860 where a…

Intraday Support & Resistance Levels for Week of (06 -10 May…

The GBPUSD has been consolidating for almost 2 weeks below the key resistance 1.5630, note that as long as 1.5803/1.5630 levels hold on a daily closing basis , the risk to return to 1.4830 level will remain valid and strong ,a daily close below 1.5457 will pave the way towards 1.5284 levels, but in return, stability above 1.5803 on a daily closing basis is likely to have large bullish implication, If seen, sooner or later the pair would target 1.6300 levels...

Support levels : 1.5457,…

Hello everyone.

In this blog I'll be posting trend forecast for the most important currencies , hope it would help you filter your trades .

EURUSD

Monthly: Down

Weekly: Up

Daily: Up

4 H : Down

GBPUSD

Monthly: Up

Weekly: Down

Daily: Up

4 H : Down

USDJPY

Monthly: Up

Weekly: Up

Daily: Up

4 H :…

As shown on the 4 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3033, resistance at 1.3159,a four hour close above 1.3159 will advance the pair further higher towards 1.3285 and 1.3410 levels, while a four hour close below 1.3033 will open the way to 1.2910 and 1.2785 levels.

Recommendation 1 # : Buying the pair with a 4 hour closing above 1.3159 targeting 1.3285 and 1.3410 levels, stop loss below 1.3033 levels.

Recommendation 2 #…

As shown on the 4 hour chart posted below, the GBPUSD has formed a breakout pattern, support at 1.5476, resistance at 1.5600, a four hour close above 1.5600 will advance the pair further higher towards 1.5725 and 1.5850 levels, while a four hour close below 1.5476 will open the way to 1.4350 and 1.4225 levels.

Recommendation 1 # : Buying the pair with a 4 hour closing above 1.5600 targeting 1.5725 and 1.5850 levels , stop loss below 1.5476 levels.

Recommendation 2…

1- Those are strong support and resistance levels during the suggested week.

2- Don't enter trades at these levels blindly!

3- Recommended time frame: Intraday time frame, 1 hour and below.

4- R means Resistance : If market reaches these…

Recommendations: LONG positions above 1.2954 with 1.3130 & 1.3315 as next targets.

Alternative scenario:The downside breakout of 1.2954 will call for a slide to 1.2775/1.2600.

Description: With the key support 1.2954 intact, rebound from 1.2745 still in progress and may extend beyond 1.3242 levels, break of 1.3242 will target 1.3318 levels, a daily close above 1.3318…

Recommendations: LONG positions above 1.3147 with 1.3190 & 1.3240 as next targets.

Alternative scenario: The downside breakout of 1.3147 will call for a slide to 1.3115/1.3070.

Description: The pair finds support at 1.3147 level, above this level look for further upside gains towards 1.3190/1.3240 levels, an hourly close below 1.3147 will reverse risks to the downside and open the way towards…

As shown on the 1 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3167, resistance at 1.3224, an hourly close above 1.3224 will advance the pair further higher towards 1.3280/1.3335 levels, while an hourly close below 1.3167 will open the way to 1.3115/1.3060 levels.

Recommendation 1 # : Buying the pair with an hourly closing  above 1.3224 targeting 1.3280 and 1.3335 levels, stop loss below 1.3167 levels.

Recommendation 2 # : Selling…

The EURUSD corrected higher this week, after the daily close above 1.3083 levels  as suggested in my -weekly report - but the pair failed to make a daily close above 1.3189/201 levels , and a short term top is under development at 1.3242 levels, a daily close back below 1.3116 levels will confirm topping and open the way towards 1.2972 ahead of 1.2900 levels, below 1.2745 will target 1.2661/1.2625 levels where rebound is suggested , but losing 1.2625 will bring a free fall below 1.2500…

The EURUSD halted its short term weakness from the 13201 levels at 1.2954 the past week, the break of 1.3083 levels suggests further upside gains in the upcoming days, It will have to follow through higher in the risk of return to the 1.3201 levels ,a halt may be seen around or below this level, but If 1.3201 breaks , expect the pair to strengthen further towards the 1.3280/1.3318 levels where a breach will turn focus on the 1.3370/1.3433 levels.

On the downside ,to continue its…

Recommendations: LONG positions above 124.97 with 131.10 & 134.50 as next targets.

Alternative scenario: The downside breakout of 124.97 will call for a slide to 118.70/114.50.

Description: The pair trades above its support at 124.97, above this level look for further upside gains towards 131.10 levels,a weekly close above this level will extend the bullish move towards 134.50 levels and possible…

Recommendations: LONG positions above 1.3060 with 1.3130 & 1.3160 as next targets.

Alternative scenario: The downside breakout of 1.3060 will call for a slide to 1.3010/1.2950.

Description: The pair trades above its resistance at 1.3060, above this level look for further upside gains towards 1.3120/1.3165 levels, an hourly close below 1.3060 will reverse risks to the downside and open the way…

Recommendations: SHORT positions below 1.3083 with 1.2910 & 1.2830 as next targets.

Alternative scenario:The upside breakout of 1.3083 will call for a rebound to 1.3190/280.

Description: The pair continued to maintain its bearish momentum last week below 1.3083 levels, now pressure will be on the key support 1.2972 levels, a break and hold below this level on a daily…