Haitham653's Blog (1,243)

EURUSD Intraday Forecast Oct 01 2014

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2634 holds on a 4 hour closing basis , a failure to hold above the 1.2634 levels on a 4 hour closing basis could mean a return to the 1.2570 levels where a cut will open 1.2540 levels ahead of the 1.2500 levels . we might see hesitation around this level , but further downside will pave the way towards the 1.2450 levels ahead of the 1.2390 levels..

On the upside , resistance comes at the 1.2634 levels , a clear…

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Added by Haitham653 on October 1, 2014 at 6:00am — 1 Comment

German Unemployment Change rises to 13 K , EURUSD is set to fall !

German Unemployment Change measures the change in the number of unemployed people during the previous month.

Usual Effect: A high reading or a better than expected number is seen as negative for the EUR, while a low reading is positive.

Frequency: Released monthly, about 30 days after the month ends

Last Read :3 K

Expectations :-2 K

Actual : 13…

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Added by Haitham653 on September 30, 2014 at 8:29am — No Comments

EURUSD Weekly Forecast Sept 29 2014

The EURUSD declined as expected last week , topped at the 1.2900 levels , bottomed and closed around 1.2680 levels , with no sign of recovery , further downside is likely this week , instant support comes at the 1.2660 levels , we might see hesitation before the next leg down , however ; a clear break below this level will continue falling towards the the psycho levels 1.2500 , a halt is likely , but , sustained trading below this level will open 1.2389 next , further downside will pave the…

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Added by Haitham653 on September 29, 2014 at 7:08am — No Comments

EURUSD sees 1.2389-1.2040 , Resistance 1.2815 !

With breaking below the 1.2815 levels last week , further downside  is likely and couldn’t be ruled out , next support comes at the psycho level  1.2500, a halts is likely , but losing this level on a weekly closing basis will bring a lower leg below the 1.2000 levels ..

On the upside , minor support comes at the 1.2500 levels , a rejection from the 1.2500 levels followed by a clear break above the 1.2815 levels on a weekly closing basis , will suggest false bearish breakout below the…

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Added by Haitham653 on September 29, 2014 at 7:00am — No Comments

EURUSD Intraday Forecast Sept 26 2014

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2765 holds on a 4 hour closing basis , a failure to hold above the 1.2765 levels on a 4 hour closing basis could mean return to the 1.2696 levels where a cut will open the 1.2660 levels , more losses will aim the 1.2600 levels,  ahead of the 1.2550/1.2500 levels..

On the upside , sustained trading above the 1.2765 levels will bring small recovery , but any recovery should be limited by the 1.2850/1.2900 levels…

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Added by Haitham653 on September 26, 2014 at 5:01am — 1 Comment

EURUSD Daily Forecast Sept 25 2014

Outlook in EURUSD remains on the downside as long as resistance 1.2826 holds on a daily closing basis , support comes at the 1.2735 levels , we might see hesitation , but a cut will open 1.2690 next , ahead of the 1.2620 levels , further downside will pave the way towards the psycho level 1.2500 .

On the upside , resistance comes at the 1.2826 levels , a clear break above his level will turn outlook neutral for retesting the 1.2930/1.3000 levels before the next fall..

In all ,…

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Added by Haitham653 on September 25, 2014 at 8:19am — 2 Comments

XAUUSD Daily Forecast Sept 25 2014

Outlook in XAUUSD remains on the downside as long as resistance 1235 holds on a daily closing basis  , support comes at the 1208 levels , a cut will resume the whole fall towards the 1200 levels , a halt is likely , but losing the 1200 levels will continue losses towards the 1190 levels ahead of the 1180 levels .

On the upside , resistance comes at the 1235 levels , sustained trading – daily closing – above the 1235 levels will put the pair in recovery mode , but upside move above the…

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Added by Haitham653 on September 25, 2014 at 5:47am — No Comments

German Ifo Business Climate Index declines to 104.7 , EURUSD is set to fall !

The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.

The indicator has declined to 104.7 , below…

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Added by Haitham653 on September 24, 2014 at 8:48am — 3 Comments

Canadian Core Retail Sales stands at -0.6% , USDCAD is set to rise !

Canadian Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy.

The indicator has declined to -0.6% ,  below expectation  -0.1% , USDCAD is set rise …….

Technical view :

Outlook in USDDAC has tuned…

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Added by Haitham653 on September 23, 2014 at 2:48pm — No Comments

EURUSD Daily Forecast Sept 23 2014

Outlook in EURUSD remain on the downside as long as resistance 1.2865 /1.2930 holds on a daily closing basis , support comes at the 1.2815 levels , losing this level will open 1.2735 next , further losses will pave the way towards the 1.2620 levels head of the 1.2500 levels..

On the upside , resistance comes at the 1.2865 levels ahead of the 1.2930 levels , above the 1.2930 would weaken the current bearish run for retesting the 1.3000 levels before the next fall..

In all as…

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Added by Haitham653 on September 23, 2014 at 9:32am — No Comments

GBPUSD Weekly Forecast Sept 22 2014

Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6524 levels , a failure to hold above the 1.6524  levels on a weekly closing basis could mean a return to the 1.6051 levels , a cut will resume the whole fall towards the 1.5853 levels , a halt is likely , but losing the 1.5853 levels will continue losses towards the 1.5500 levels.

On the upside , resistance comes at the 1.6259 levels ahead of the 1.6524 levels (main) , sustained trading…

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Added by Haitham653 on September 22, 2014 at 8:23am — No Comments

EURUSD Weekly Forecast Sept 22 2014

Outlook in EURUSD remains on the downside as long as resistance 1.2920/1.2994 holds on a weekly closing basis ,  support comes at the 1.2825 levels , losing this level will accelerate the bearish move towards the 1.2735/1.2660 levels . A halt is likely , but further losses will pave the way towards the 1.2500 levels . At this point I’d expect strong support above the 1.2500 levels to contain fall from the 1.3993 levels and bring rebound. If 1.2500 fails , expect to see a free fall towards…

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Added by Haitham653 on September 22, 2014 at 8:20am — No Comments

GBPUSD Daily Forecast Sept 19 2014

The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6245 levels and topped at the 1.6408 levels , this development leaves the pair targeting the 1.6500 levels, a halt is likely  , but further upside will aim the 1.6630 levels ahead of the 1.6740 levels..

On the downside , support comes at the 1.6245 levels , sustained trading – daily closing – below this level will terminate he current bullish run and turn outlook towards the 1.6051 levels…

In all ,…

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Added by Haitham653 on September 19, 2014 at 9:03am — No Comments

EURUSD Daily Forecast Sept 19 2014

Outlook in EURUSD  has turned neutral with risk to the downside , resistance comes at the 1.2930 levels , a failure to hold above the 1.2930  levels on a daily closing basis could mean a return to the 1.2833 levels , a cut will resume the whole fall towards the 1.2730 levels , a halt is likely , but losing the 1.2730  levels will continue losses towards the 1.2600 levels ahead of the 1.2450  levels..

On the upside , resistance comes at the 1.2930  levels , sustained trading – daily…

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Added by Haitham653 on September 19, 2014 at 9:01am — No Comments

GBPUSD Daily Forecast Sept 18 2014

Outlook in GBPUSD remains neutral at the moment , recovery mode above the 1.6230 levels is expected to be limited by the 1.6360/1.6467 levels , however ; sustained trading – daily closing – above the 1.6467 levels will turn outlook bullish towards the 1.6615/1.6738 levels before the next move…

On the downside , minor support comes at the 1.6230 levels , a clear break – daily closing- below this level should weaken the current bullish correction , If seen , focus will be on main…

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Added by Haitham653 on September 18, 2014 at 10:06am — No Comments

EURUSD Daily Forecast Sept 18 2014

Finally , after consolidating below the 1.2962 levels for a couple of days , the EURUSD has declined towards the 1.2850 levels . Outlook remains on the downside , resistance comes at the 1.2920 levels ahead of the 1.2994 levels (main) , sustained trading – daily closing above the 1.2994 levels will put the pair in recovery mode , but upside gains above the 1.2994 levels  should be limited strongly by the 1.3080/1.3159 levels ..

On the downside , support comes at the 1.2850 levels ,…

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Added by Haitham653 on September 18, 2014 at 10:02am — 1 Comment

AUDUSD Daily Forecast Sept 17 2014

Outlook in AUDUSD has turned neutral with risk to the downside , resistance comes at the 0.9111 levels , a failure to hold above the 0.9111 levels on a daily closing basis could mean a return to the 0.8983 levels , a cut will resume the whole fall towards the 0.8870 levels , a halt is likely , but losing the 0.8870 levels will continue losses towards the 0.8762 levels ahead of the 0.8565 levels..

On the upside , resistance comes at the 0.9111 levels , sustained trading – daily closing…

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Added by Haitham653 on September 17, 2014 at 9:17am — No Comments

GBPUSD Daily Forecast Sept 17 2014

No change , outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6360/1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support…

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Added by Haitham653 on September 17, 2014 at 9:15am — No Comments

EURUSD Daily Forecast Sept 17 2014

No change , outlook in EURUSD remains neutral  with risk to the downside at the moment  , resistance comes at the 1.2962 levels , sustained trading – daily closing – above the 1.2962 levels will bring recovery towards the 1.3000 levels where a breach will turn focus on the 1.3080 levels ,a halt is likely but further upside will aim the 1.3159 levels..

On the downside , a failure to hold above the 1.2962 levels on a daily closing basis could mean a return to the key support 1.2859…

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Added by Haitham653 on September 17, 2014 at 9:13am — No Comments

GBPUSD Daily Forecast Sept 16 2014

Outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support will be 1.5853 , more…

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Added by Haitham653 on September 16, 2014 at 8:56am — No Comments

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