Vladimir Mihaylov's Blog – September 2011 Archive (7)

EUR/USD & GOLD forecast 16.09.2011

We have reached my targets yesterday, for a moment we touched even 1.3935 and then back into my target zone 1.3840-60. On GOLD we were unable to hold above 1792 and we are now heading towards 1722. I think that level will be used to open fresh LONGs. Lets take a look what we have on the table for now - a coordinated actions of the world's five biggest banks to supply european financial market with enough USD - the result is visible weakening of the USD against EUR. Mrs.Merkel still flips the…

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Added by Vladimir Mihaylov on September 16, 2011 at 5:29am — 9 Comments

EUR/USD & GOLD forecast 15.09.2011

EUR has bounced well from 161.8% fibo level @ 1.3520 from 1.4680 and is now in a correction phase which may extend to 100% retracement placed @ 1.3970. In fact EUR is not prepaired to go UP at the currnet moment nor to go DOWN as we are too far from the Daily Ichimoku. There will be anothe fall to 1.36 before more significant correction to the upside. Most possible scenario fro me is going to 1.3840-60 and then turn south again with target 1.30. Fundamental look shows that Greece will be…

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Added by Vladimir Mihaylov on September 15, 2011 at 3:49am — 9 Comments

EUR/USD & GOLD update 13.09.2011

These days everything is falling, the only thing that goes up is USD, against all possible. I think this is a thing that has to happen long before. EUR price has gove too far and for a too long time. Seems that all are going to reconsider their forecasts. EUR is badly hurt by the Greece crisis - as i've said some 2-3 months before Greece's bailout is just a matter of time and is 100% guaranteed, even mrs.Merkel realized that recently (she should read my analysis more frequently, lol) Now…

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Added by Vladimir Mihaylov on September 13, 2011 at 11:50am — 2 Comments

EUR/USD forecast 09.09.2011

We had some 220 pips drop of the pair yesterday, but in fact nothing new at the horizon. All the facts and statements are telling one and the same, situation overseas is bad and in Europe even worse. Uncertainty, very moderate, difficult, decrease - were the keywords in yesterday's Trichet speech - he also denied to answer a Bloomberg journalist's question whether or not ECB discussed possible rate cut in future - Trichet answer was - What i've said is what i've said - and the fact is that…

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Added by Vladimir Mihaylov on September 9, 2011 at 5:05am — 10 Comments

EUR/USD forecast 08.09.2011

EUR moved in a tight range yesterday, as all are waiting for the Trichet speech and Obama's new plan. The ECB won't get more agressive in its policy, because many EU countries have serious financial troubles. This will make EUR going down. Obama's plan will do nothing more than raising president's bad political raiting on continuing unemployment growth. Remember that no new NFP  - what follows next - maybe loosing NFP, and unemployment out of control. I doubt Obama's plan to be genius. There…

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Added by Vladimir Mihaylov on September 8, 2011 at 5:29am — 8 Comments

EUR/USD forecast 07.09.2011

EUR rebounded from 100% Fibo  support @ 1.3970 and is currently trading near 1.41. I expect the rebound to continue to 1.4260 before next leg down, we have 61.8% resistance there. MA 14 is @ 1.43 on Daily, so as we are below every rise is used to open short positions. Tomorrow is the BoE and ECB rate decision day, both are expected to be leaved unchanged and this is one of main reasons for the EUR recent fall. It's good to remember that FED does not want a strong dollar, so if something like…

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Added by Vladimir Mihaylov on September 7, 2011 at 8:30am — 8 Comments

EUR/USD forecast 06.09.2011

We are still in a flat consolidation state,that's why i'm not posting new forecasts.Nothing interesting happens untill today. I've forecasted EUR will go to 1.4130, but it went some 100 pips below my recent forecast. And now we're back again some 250 pips for less than 2 hours. It was widely expected because we were too far away from the negative Ichimocu on H4 so we shall now go to 1.4340 before next DOWN move. After 6 days of continuous fall it was time to take some profit and to hit some…

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Added by Vladimir Mihaylov on September 6, 2011 at 8:38am — 6 Comments

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