Haitham653's Blog (1,256)

EURUSD Intraday Forecast Oct 21 2014

The EURUSD continued its bullish momentum few hours ago , printed a new support at the 1.2790 levels . This development leaves the pair targeting the 1.2886 levels , a halt is likely , but a break will open 1.2950 levels , further upside will pave the way towards the 1.3025 levels.

On the downside , support comes at the 1.2790 levels , losing this this level on a 4 hour closing basis would delay the bullish move for retesting the 1.2735 levels before the next rise .If 1.2735 fails , a…

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Added by Haitham653 on October 21, 2014 at 7:29am — No Comments

EURUSD Weekly Forecast Oct 20 2014

The EURUSD jumped towards the 1.2886 levels last week ,  and printed a new resistance at this level which could change trend direction the upcoming weeks , before we continue let’s highlight the most important events which may influence EURUSD pair next week : 

Tuesday , Oct 21 2014

  • US will release its report on Existing Home Sales.…

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Added by Haitham653 on October 20, 2014 at 8:55am — No Comments

Special Focus on EURUSD Oct 17 2014

Daily  Outlook in EURUSD has turned neutral with risk to the upside , support comes at the 1.2705 levels , a failure to hold below the 1.2705 levels on a daily closing basis , could mean a return to the 1.2886 levels , a break would open 1.2930 next , further upside will aim  the 1.2994 levels . If this important resistance is taken out , focus will be on the 1.3115/1.3159 levels.

On the downside , support comes at the 1.2705 levels , losing this level on a…

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Added by Haitham653 on October 17, 2014 at 8:09am — 1 Comment

EURUSD Daily Forecast Oct 16 2014

The EURUSD continued its bullish momentum yesterday , bottomed at the 1.2624 levels and topped at the 1.2837 levels .This development leaves the pair targeting the 1.3000 levels , a halt is strongly suggested , but a break would open 1.3125 next , further upside will aim the 1.3270 levels.

On the downside , support comes at the 1.2767 levels ahead of 1.2620 (main) , losing this level on a daily closing basis is needed to weaken the current bearish run , otherwise risk will remain to…

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Added by Haitham653 on October 16, 2014 at 1:22pm — No Comments

EURUSD Intraday Forecast Oct 15 2014

Intraday outlook in EURUSD is neutral with possible risk to the upside at the moment , the pair is trapped within 1.2620/1.2665 levels . On the upside , break of 1.2665 on a 4 hour closing basis will pave the way towards the 1.2760 levels , a halt is likely , but a break would open 1.2830 next , further upside will aim the 1.2930 levels.

On the downside , a clear break below 1.2620 levels will turn outlook towards the 1.2500 levels , a halt is likely , but If 1.2500 fails , expect to…

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Added by Haitham653 on October 15, 2014 at 9:30am — No Comments

GBPUSD Daily Forecast Oct 15 2014

The GBPUSD continued its bearish momentum yesterday ,bottomed at the 1.5896 levels , and printed resistance at the 1.6096 levels  .This development leaves the pair targeting the 1.5800 levels  , a halt is likely , but further losses will open 1.5700 levels , a cut will aim the 1.5570 levels.

On the upside , a failure to hold below the 1.5896 levels could mean a return to the 1.6007 levels , a break would open main resistance at the 1.6096 levels , a halt is likely , but a break will…

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Added by Haitham653 on October 15, 2014 at 7:36am — 3 Comments

German (ZEW) E.S slides to-3.6 , EURUSD sees consolidation above 1.2620 !

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.

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

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Added by Haitham653 on October 14, 2014 at 11:37am — No Comments

EURUSD Weekly Forecast Oct 13 2014

Because of the lack of significant news last week , the EURUSD enjoyed the recovery , but recovery was limited as expected below the  1.2825 levels ,the most important , the pair ended the week below 1.2675 levels , this week has a lot of critical data which could  be a clue about the next move , let’s take a quick look at the most important news which could effect the EURUSD :

Tuesday , Oct 14…

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Added by Haitham653 on October 13, 2014 at 10:43am — No Comments

EURUSD Intraday Forecast Oct 10 2014

Intraday outlook in EURUSD remains neutral with risk to the upside , support comes at the 1.2675 levels , stability above this level on a 4 hour closing basis , could mean a return to the 1.2715/1.2765 levels , a clear break above this level would challenge main resistance at the 1.2822 levels ,  If this resistance is taken out , expect recovery to extend higher towards the 1.2895/1.2994 levels.

On the downside , support comes at the 1.2675 levels  , a clear break below this level on…

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Added by Haitham653 on October 10, 2014 at 5:42am — No Comments

EURUSD Intraday Forecast Oct 07 2014

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2674 holds on a 4 hour closing basis , a failure to hold above the 1.2674 levels on a 4 hour closing basis could mean a return to the 1.2589 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 1.2674 levels , a clear…

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Added by Haitham653 on October 7, 2014 at 9:30am — No Comments

GBPUSD Weekly Forecast Oct 06 2014

The GBPUSD continued its bearish momentum last week , bottomed at the 1.5951 levels and topped at the 1.6286 levels . outlook in GBPUSD remains on the downside as long as resistance 1.6237 holds on a weekly closing basis , next support comes at the 1.5902 levels . At this point I’d expect strong support from the 1.5902 levels , however ; a clear break below the 1.5902 levels will pave the way towards the 1.5656 levels , before the next rise …

On the…

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Added by Haitham653 on October 6, 2014 at 9:00am — No Comments

EURUSD Weekly Forecast Oct 06 2014

The EURUSD continued its bearish momentum last week , topped at the 1.2714 levels and bottomed at the 1.2500 levels .  Outlook remains on the downside as long as resistance 1.2675 holds on a weekly closing basis , support comes at the 1.2500 levels , a halt is strongly suggested from this level , If seen , the pair might consolidate around this area before the next move , however ; losing the 1.2500 levels on a weekly closing basis will have large bearish…

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Added by Haitham653 on October 6, 2014 at 8:00am — 5 Comments

EURUSD could dip to 1.2500 , Resistance 1.2675 , EURUSD forecast ahead of ECB Interest Rate Decision !

Today at 11:45 (GMT) , the European Central Bank will release its highly anticipated Monetary Policy Statement, and ECB President Mario Draghi will comment on the decision at a press conference held 45 minutes later.

Expectations are to leave things unchanged , If seen , nothing is gonna help the EURO to recover higher , and another leg down will be suggested ,   however ; a cut in rate will bring unexpected bearish move – could reach 1.2389 – today , while an increase in rate  should…

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Added by Haitham653 on October 2, 2014 at 7:34am — No Comments

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

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