Haitham653's Blog – January 2014 Archive (63)

EURUSD targets 1.3325 , Resistance 1.3715 !

The EURUSD maintained a bearish momentum this week , topped at 1.3716 levels , and broke below support 1.3567 . This development leaves the pair targeting the 1.3400 levels where  a breach is very likely ,If seen it will turn focus on the 1.3325 levels , further out will aim the 1.3230 levels . a halt is strongly suggested but a cut will bring a free fall towards the 1.2954 levels.

On the upside , resistance comes at the 1.3716 levels , stability below this level on a weekly closing…

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Added by Haitham653 on January 31, 2014 at 5:27pm — No Comments

XAUUSD – Intraday Forecast 31 Jan 2014

Recommendations: SHORT positions below 1252 with 1236 & 1232 as next targets.

Alternative scenario:
The upside breakout of 1252 will bring rebound to 1256/1260.

Description: 
Intraday bias in XAUSD is neutral with downside risk towards 1236 ahead of 1232 levels as long as resistance 1252 holds on hourly basis , below 1231 will extend losses to 1225/1218 levels . On the upside ,…

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Added by Haitham653 on January 31, 2014 at 11:26am — 2 Comments

EURUSD – Intraday Forecast 31 Jan 2014

Recommendations: SHORT positions below 1.3559 with 1.3510 & 1.3480 as next targets.

Alternative scenario:
The upside breakout of 1.3559 will bring rebound to 1.3587/1.3625.

Description:
 Intraday bias in EURUSD is neutral with downside risk towards 1.3510 ahead of 1.3480 levels as long as resistance 1.3559 holds on hourly basis , stability below 1.3559 will build pressure on the 1.3531 levels , a cut will extend…

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Added by Haitham653 on January 31, 2014 at 10:00am — No Comments

USDCAD Sees hesitation ahead of the Canadian GDP

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Canada releases fresh GDP data on a monthly basis. Published on Friday at 13:30 GMT.

However ; the last read was 0.3% , this month is expected to make a slide to 0.2% , before we start let’s take a look at the pair from technical…

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Added by Haitham653 on January 31, 2014 at 1:00am — 1 Comment

AUDUSD targets 0.8659 , Resistance 0.8850/0.8915 !

The AUDUSD maintained a bearish momentum yesterday , topped at the 0.8825 levels and bottomed at the 0.8725 levels. This development leaves the pair targeting the 0.8659 levels , a cut will turn focus on the 0.8585 levels , further more will aim the 0.8390 levels.

On the upside , stability above the 0.8725 could mean a return to the 0.8825/0.8850 levels , break of 0.8850 will signal short term bottoming , If seen the pair is likely to recapture the 0.8915 levels , a halt is suggested…

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Added by Haitham653 on January 30, 2014 at 1:00am — No Comments

Crude Oil is set to recapture 97.80 with a breach !

The Crude Oil maintained a bullish momentum yesterday , bottomed at the 95.59 levels .This development leaves the pair targeting the 97.80 levels where a breach is very likely , If seen , it will turn focus on the 98.50 levels , further out will aim the 99.30 ahead of 100.73 levels.

On the downside , support comes at the 95.59 levels , losing this level on a daily closing basis would turn outlook neutral and bring a slide to the 93.89 levels, a halt is suggested , but further losses…

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Added by Haitham653 on January 29, 2014 at 12:00pm — No Comments

USDJPY Bullish break of 103.57 would open 105.43

The USDJPY will have to hold above the 103.57 levels on a daily closing basis to resume its upside offensive ,If seen It would target the 105.43 levels , a halt is suggested, If seen It might return to the 101.99 levels but break of 105.43 will turn focus on the 107.00 ahead of 108.00 levels.

Alternatively , a failure to hold above the 103.57 levels could mean a return to the 101.99 levels , a halt is suggested , but losing the 101.99 levels would weaken the current bullish run for…

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Added by Haitham653 on January 28, 2014 at 11:56pm — No Comments

GBPJPY Bullish break of 172.13 would open 179.18

The GBPJPY maintained some bearish momentum the past few days , topped at the 172.13 levels and bottomed at the 168.50 levels, now pressure will be on the key resistance 172.13.

The GBPJPY will have to hold above the 172.13 levels on a daily closing basis to resume its upside offensive ,If seen It would target the 174.83 levels where a breach will turn focus on the 179.18 ahead of 181.35 levels.

Alternatively , a failure to hold above the 172.13 levels could mean a…

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Added by Haitham653 on January 28, 2014 at 6:26pm — No Comments

XAUUSD – Intraday Forecast 28 Jan 2014

Recommendations: LONG positions around 1248 with 1255 & 1260 as next targets.

Alternative scenario:
The downside breakout of 1244 will bring a slide to 1237/1232.

Description:
 Intraday bias in XAUUSD is neutral with risk to the upside towards 1255 ahead of 1261 levels  as long as support 1244 holds on hourly closing basis , break of 1261 is needed to open 1270/1275 next .On the…

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Added by Haitham653 on January 28, 2014 at 9:50am — 2 Comments

EURUSD – Intraday Forecast 28 Jan 2014

Recommendations: LONG positions above 1.3623 with 1.3680 & 1.3710 as next targets.

Alternative scenario:
The downside breakout of 1.3623 will bring a slide to 1.3580/1.3550.

Description: 
Intraday bias in EURUSD is neutral with risk to the upside as long as support 1.3623 holds on hourly basis with risk towards 1.3680 ahead of 1.3710 levels , break of 1.3710 would open 1.3740 next…

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Added by Haitham653 on January 28, 2014 at 9:00am — No Comments

EURJPY Weekly Forecast 27 – 31 Jan

Recommendations: LONG positions above 138.39  with 141.76 & 143.30 as next targets.

Alternative scenario:The downside breakout of 138.93 will bring a slide to 136.39/134.36

Description: Outlook in EURJPY is on the upside this week with risk towards 141.76 ahead of 143.30 levels as long as support 138.39 holds on a daily closing basis, break of 143.30 would challenge 144.92/145.68 levels .On the downside , losing the key…

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Added by Haitham653 on January 27, 2014 at 9:22am — No Comments

NZDUSD Weekly Forecast 27 – 31 Jan

Recommendations: LONG positions above 0.8139 with 0.8315 & 0.8432 as next targets.

Alternative scenario:The downside breakout of 0.8139 will call for a slide to 0.8083/0.7981

Description: Outlook in NZDUSD is on the upside this week with risk towards 0.8315 ahead of 0.8432 levels as long as support 0.8139 holds on a daily closing basis, break of 0.8432 would open 0.8543 next .On the downside , losing the key support  0.8139…

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Added by Haitham653 on January 27, 2014 at 9:13am — No Comments

USDJPY Weekly Forecast 27 – 31 Jan

Recommendations: SHORT positions around 103.57 with101.60 & 101.15 as next targets.

Alternative scenario:The upside breakout of 104.83 will open 105.43/106.65 levels.

Description: Outlook in USDJPY is on the downside this week with risk towards 101.60 ahead of 101.15 levels as long as resistance 104.83 holds on a daily closing basis , at this point I’d expect strong support from 101.15 to contain fall from 105.43 and bring…

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Added by Haitham653 on January 25, 2014 at 10:32pm — No Comments

GBPUSD Weekly Forecast 27 – 31 Jan

Recommendations: LONG positions above 1.6400 with 1.6585 & 1.6667 as next targets.

Alternative scenario:The downside breakout of 1.6400 will bring a slide to 1.6350/1.6260.

Description: Outlook in GBPUSD is neutral this week with risk to the upside as long as support 1.6400 holds on a daily basis , resistance comes at the 1.6585 levels , above this level will turn focus on the 1.6667 levels ,further out will aim the 1.6745…

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Added by Haitham653 on January 25, 2014 at 10:24pm — 1 Comment

EURUSD Weekly Forecast 27 – 31 Jan

Recommendations: SHORT positions below 1.3740 with 1.3620 & 1.3520 as next targets.

Alternative scenario:The upside breakout of 1.3740 will open 1.3815/1.3890 levels.

Description: Outlook in EURUSD is neutral this week , resistance comes at the 1.3740 levels, break of 1.3740 on a daily basis would suggest that rise from 1.3507 is resuming and target 1.3815 levels , above 1.3815 will turn focus on the 1.3890 levels , further…

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Added by Haitham653 on January 25, 2014 at 10:13pm — 1 Comment

EURUSD – Intraday Forecast 24 Jan 2014

Recommendations: LONG positions around 1.3645 with 1.3700 & 1.3750 as next targets.

Alternative scenario:
The downside breakout of 1.3625 will bring a slide to 1.3600/1.3580.

Description:
 Intraday bias in EURUSD is on the upside as long as support 1.3625 holds on hourly basis with risk towards 1.3700 ahead of 1.3750 levels .On the downside ,break of 1.3625 on hourly basis would…

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Added by Haitham653 on January 24, 2014 at 9:06am — No Comments

EURUSD targets 1.3750 levels !

The EURUSD maintained a bullish momentum yesterday , topped at the 1.3698 levels , and bottomed at the 1.3507 levels few days ago .Now pressure will be on the 1.3698 levels.

The EURUSD will have to hold above the 1.3698 levels on a daily closing basis to push the market for further upside gains , If seen , It will target the 1.3750 levels where a breach will turn focus on the 1.3815 levels , further out will aim the 1.3890 levels.

Alternatively , a failure to hold…

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Added by Haitham653 on January 24, 2014 at 8:42am — 3 Comments

EURUSD breaks -out falling wedge after strong German/French PMIs

The EURUSD moves higher this early moaning and breaks out of the falling wedge pattern  and above resistance 1.3582/1.3620 , at the moment the pair is around 1.3640 levels .

Both data “German & French ” were above expectations . the French PMI was 48.8 while the German PMI was 56.3 , too far beyond expectations “54.7″ , this development is an early warning for further gains in the nearest future , especially if the pair mange to hold its gains above 1.3620…

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Added by Haitham653 on January 23, 2014 at 12:11pm — 4 Comments

EURUSD needs to clear 1.3582/1.3620 to escape the threat of falling to 1.3400

The EURUSD halted its losses after forming a short term bottom at the 1.3507 levels , according to 4 hour chart resistance comes at the 1.3582 levels , the pair was rejected this early morning with bearish divergence , stability below this level will keep the bearish momentum intact, support comes at the 1.3540 levels , losing this level on a 4 hour basis will accelerate the bearish move and may expose 1.3507 levels , If seen , It will extend losses to…

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Added by Haitham653 on January 22, 2014 at 12:03pm — No Comments

EURUSD – Intraday Forecast 22 Jan 2014

Recommendations: SHORT positions below 1.3582 with 1.3540 & 1.3516 as next targets.

Alternative scenario:
The upside breakout of 1.3582 will bring rebound to 1.3620/1.3650.

Description: 
Intraday bias in EURUSD is on the downside as long as resistance 1.3582 holds on hourly basis with risk towards 1.3540 ahead of 1.3515 levels , below 1.3515 would open 1.3470 next . On the upside…

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Added by Haitham653 on January 22, 2014 at 11:09am — No Comments

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