Haitham653's Blog (1,395)

EURUSD Daily Forecast Jun 02 2015

Outlook in EURUSD remains neutral as long as 1.0928/1.0870 support holds on a daily closing basis, resistance comes at the 1.1000/1.1061 levels, a halt is likely but a break would open 1.1151 before the next fall. However, a clear break above the 1.1151 levels will extend recovery towards the 1.1326 levels before the next fall..

On the downside, support comes at the 1.0928 levels ahead of the 1.0870 levels (main), a clear break -sustained breakout – below the 1.0870 levels will…

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Added by Haitham653 on June 2, 2015 at 6:12am — No Comments

USDJPY Could Fly To 128.00 Levels In The Upcoming Days !

With breaking above the key resistance 123.30 , large bullish implications are in sight towards the 128.30 levels in the upcoming days . As a result; The  USDJPY will have to hold above the 123.30 levels on a daily closing basis to push the market for further upside gains , resistance comes at the 124.70 levels, a halt is likely but a break will open 126.40 next, further upside will target the 128.30 levels where topping is strongly suggested and reversal may occur…

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Added by Haitham653 on May 27, 2015 at 4:25pm — No Comments

GBPUSD: Intraday, Faces A Recovery Risk Above 1.5413 !

Intraday outlook in GBPUSD has turned neutral with risk to the downside, resistance comes at the 1.5413 levels, sustained breakout – 4 hour – closing above the 1.5413 levels will suggest short term bottoming around 1.5353 levels and put the pair in recovery mode, If seen, focus will shift on the 1.5528 levels before the next fall, However; a clear break above the 1.5528 levels will extend recovery towards the 1.5700 levels ….

On the downside, a failure to hold above the 1.5413 levels…

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Added by Haitham653 on May 27, 2015 at 4:44am — No Comments

EURUSD Daily Forecast May 27 2015

Outlook in EURUSD remains on the downside as long  as 1.0959 resistance holds on a daily closing basis, support comes at the 1.0845 levels , sustained trading – daily closing – below the 1.0845 levels will target 1.0665 next, a halt is very likely but further down will pave the way towards the 1.0461 levels.

On the upside, resistance comes at the 1.0959 levels , a clear break will turn outlook neutral and open the 1.1061/1.1151 levels before the next fall…

In all, as long as…

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Added by Haitham653 on May 27, 2015 at 4:42am — No Comments

USDJPY Daily Forecast May 21 2015

“Losses Upside Momentum, Vulnerable To The Downside”

 

Outlook in USDJPY has turned neutral at the moment, support comes at the 121.04 levels while resistance comes at the 121.47 levels.

On the downside, sustained break below the 121.04 levels will put the pair in a pullback mode for retesting main support at the 120.72 levels, a halt is likely buy If 120.72 give away, expect a free fall to the 119.89/119.67 levels, a…

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Added by Haitham653 on May 21, 2015 at 6:13am — No Comments

GBPUSD Daily Forecast May 21 2015

Intraday outlook in GBPUSD has turned neutral at the moment, support comes at the 1.5510 levels ahead of the 1.5446 levels (main), stability above support levels will keep pushing upwards towards the 1.5637 levels, a halt is likely but a break would open 1.5730 next, further upside will recapture the 1.5815 levels.

On the downside, stability below the 1.5520 levels should weaken recent recovery and turn focus on main support 1.5446 , If 1.5446 gives away, expect further weakness…

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Added by Haitham653 on May 21, 2015 at 5:54am — No Comments

EURUSD: Cautiously Bearish, Resistance 1.1151 !

The EURUSD continued its bearish momentum yesterday, topped at the 1.1151 levels, and bottomed at the 1.1061 levels. Now focus will shift on the key support 1.1061 ?!!!

The EURUSD will have to hold below the 1.1061 levels on a daily closing basis to push the market for further downside losses, If seen, focus will shift on the 1.0950 levels, a halt is likely and reversal may occur here, However; If the market fails on the 1.0950 levels, expect further weakness towards the 1.0800…

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Added by Haitham653 on May 21, 2015 at 5:52am — No Comments

German PPI (Apr) 0.1% vs 0.2% Forecast, EURUSD Could Dip To 1.1025 levels Today !

The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.The German PPI index remains unchanged 0.1% in April as the previous month, missing forecast at 0.2% .

This development will keep the pair under heavy pressure with risk to test the key support 1.1065 where a cut is very likely , however; If seen , look for 1.1025 levels as next target……..

In all, as long as the pair trades below 1.1130 resistance (broken support), further down…

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Added by Haitham653 on May 20, 2015 at 6:45am — No Comments

EURUSD: 1.1130/1.1172 should halt fall from 1.1466 and bring rebound !

As show on the 4 hour chart posted below, the EURUSD pair is under heavy pressure , at the moment of writing is around 1.1200 levels, there’s a room for more decline towards the 1.1172 levels. At this point I’d expect strong support from the 1.1172/1.1130 levels to contain fall from the 1.1466 levels and bring rebound, If seen , resistance comes at the 1.1331 levels where fall resumption is likely, above 1.1331 will extend recovery towards the 1.1400 levels.

On the downside,If…

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Added by Haitham653 on May 19, 2015 at 7:36am — 1 Comment

EURUSD Daily Forecast May 19 2015

Outlook in EURUSD has turned neutral at the moment, support comes at the 1.1297 levels while resistance comes at the 1.1466 levels.

On the upside, a failure to hold below the 1.1297 levels on a daily closing basis, could mean a return to the 1.1466 levels, a halt is likely but a break would target 1.1575 next, further upside will aim the 1.1700 levels( weekly chart target).

On the downside, support comes at the 1.1297 levels, sustained breakout -daily closing- below the 1.1297…

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Added by Haitham653 on May 19, 2015 at 6:57am — No Comments

GBPUSD Weekly Forecast May 18 2015

Outlook in GBPUSD remains on the upside as long as 1.5700 support holds on a daily closing basis, resistance comes at the 1.5785 levels, to resume the upside offensive, the GBPUSD will have to take out the key resistance 1.5785, If seen, It will target 1.5940 next, a halt is very likely, but a break would target 1.6021 next, further upside will aim the 1.6108./1.6182 levels.

On the downside, Immediate support comes at the 1.5700 levels, sustained breakout-daily closing- below the…

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Added by Haitham653 on May 18, 2015 at 11:00am — No Comments

EURUSD Weekly Forecast May 18 2015

Outlook in EURUSD remains on the upside as long as 1.1382 support holds on a daily closing basis, resistance comes at the 1.1533 levels, a halt is likely, but a break would open 1.1679 next, further upside will aim the 1.1870/1.1997 levels.

On the downside, Immediate support comes at the 1.1382 levels, sustained breakout-daily closing- below the 1.1382 levels will suggest short term topping and bring a corrective pullback above the 1.1200/1.1130 levels before the next rise, However; a…

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Added by Haitham653 on May 18, 2015 at 10:00am — No Comments

GBPUSD Daily Forecast May 15 2015

Outlook in GBPUSD remains on the upside as long as as 1.5740 support holds on a 4-hour closing basis, resistance comes at the 1.5815 levels, a halt is likely, but a clear break would open 1.5940 next, further upside will target the 1.6025 levels.

On the downside, support comes at the 1.5740 levels, sustained breakout below the 1.5740 levels will suggest short term topping and bring a corrective pullback towards the 1.5632 levels before the next rise, however; a clear break below…

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Added by Haitham653 on May 15, 2015 at 7:10am — No Comments

EURUSD Daily Forecast May 15 2015

Outlook in EURUSD remains on the upside as long as 1.1382/1.1340 support holds on a daily closing basis, resistance comes at the 1.1450 levels, a halt is likely, but a break would open 1.1533 next, further upside will target the 1.1640/1.1700 levels.

On the downside, support comes at the 1.1382/1.1340 levels, sustained breakout -daily closing – below 1.1340 levels will suggest short term topping and open the 1.1278/1.1200 levels before the next rise…

In all, as long as…

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Added by Haitham653 on May 15, 2015 at 7:05am — No Comments

Crude Oil vulnerable to the downside, support at 58.91 levels!

With U.S Crude Oil forming a bearish divergence at 63.27 levels, followed by a rejection from the key resistance 62.10, Crude Oil’s upward trend has lost its steam, threatening weakness in the upcoming days..

On the downside,…

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Added by Haitham653 on May 14, 2015 at 7:57am — No Comments

EURUSD Daily Forecast May 14 2015

The EURUSD continued its bullish momentum yesterday, printed support at the 1.1200/1.1130 levels. This development leaves the pair targeting the 1.1450 levels, a halt is likely, but a break will open 1.1533 next, further upside will call for a run towards the 1.1700 levels.

On the downside, Immediate support comes at the 1.1278 levels ahead of the 1.1200/1.1130(main), a cut should weaken the current bullish run and open the 1.1065 levels before the next rise.

In all, as long as…

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Added by Haitham653 on May 14, 2015 at 7:30am — No Comments

EURUSD Daily Forecast May 13 2015

Outlook in EURUSD remains on the upside as long as 1.1178 support holds on a daily closing basis, resistance comes at the 1.1288 levels, a break would open 1.1391 levels, a halt is likely (Double Top is suggested) but a clear break will pave the way towards the 1.1533 levels…

On the downside, support comes at the 1.1178 levels, sustained breakout – daily closing – below this level will open 1.1122/1.1065 levels before the next rise…….

In all, as long as 1.1178 support holds on…

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Added by Haitham653 on May 13, 2015 at 6:30am — No Comments

EURUSD Daily Forecast May 12 2015

Outlook in EURUSD remains neutral at the moment, the pair is in a pullback mode as long as trades below the 1.1178 levels on a daily closing basis, Immediate support comes at the 1.1122 levels ahead of the 1.1065 levels, a halt is very likely, buy a cut will extend the pullback towards the 1.0990 levels, further down will target 1.0900/1.0845 levels.

On the upside, resistance comes at the 1.1178 levels, sustained breakout -daily closing-above this level will restore the upside…

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Added by Haitham653 on May 12, 2015 at 5:20am — 4 Comments

USDJPY Weekly Forecast May 11 2015

Outlook in USDJPY remains neutral at the moment, the pair is trapped within a tight range between 119.35 and 120.28 levels.

On the upside, resistance comes at the 120.28 levels, a break would open 120.90 levels. At this point I still expect strong resistance from the 120.90 levels to limit rise from the 118.32 levels, however; sustained breakout above the 120.90 levels should recapture the 122.00 levels, a halt is likely but a break would open 123.00 next, further upside will target…

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Added by Haitham653 on May 11, 2015 at 9:42am — No Comments

GBPUSD Weekly Forecast May 11 2015

The weekly outlook in the GBPUSD remains -cautiously- on the upside as long as 1.5350/1.5303 support holds on a daily closing basis, resistance comes at the 1.5498/1.5551 levels. At this point I still expect strong resistance from the 1.5498/1.5551 levels to limit a rise from the 1.5088 levels and bring reversal. However; sustained breakout -daily closing- above the 1.5551 levels will pave the way towards the 1.5676/1.5785 levels where strong rejection is likely!!… If the key resistance…

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Added by Haitham653 on May 11, 2015 at 9:34am — No Comments

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