EUR/USD & GOLD forecast 15.02.2013
EUR has dropped heavily on ECB fears that its high price will badly influence the targeted inflation level, combined with bad economic data for both Germany and Eurozone. On the other hand US jobless claims were less than previous and forecasted too. Today more EUR downside is expected. There was a little pullback as i have forecasted later yesterday for now it reached 1.3374. Hourly indicators have almost turned negative already. H4 are negative and point to the downside with possible pullback to 1.3380, currently the EUR is at 1.3350 where is the MA200 on H4. Breaking below yesterday's low will take us down to 1.3290 - a minor support and more to 1.3250 - which is a very important for the bullish trend. Breaking below 1.3250 will be too early this week and i do not think it will happen the first time. If we reach it buyers will take the price back above 1.3290 where i think this week will be closed. On Monday expect more recovery to the upside. It is no important how much will drop today, we need at least 3-4 days more to say that EUR has finished the uptrend.
GOLD has almost completed my yesterday's SHORT forecast and approaching the 1626 which is the low from 04 january this year. GOLD is still heavily selling, and i do not see to enter in recovery today too.
For today:
SHORT EUR below 1.3390 SL 1.3410 TP 1.3290-1.3250
LONG EUR only on H4 close above 1.3530
SHORT GOLD below 1648 SL1653 TP 1626 and below
LONG GOLD above 1648 SL 1645 TP 1656 and above
Good luck!
P.S. Please do not copy and paste prices above in your trading platform. Noone in the world cannot guarantee you the exact price to enter and exit. I am trying to be as exact as possible but it's is your decision to enter or exit. I am giving SL of about 20 pips average but if you wish may use 10 or 40 it is your decision. My advice is to use no more than 40 pips SL for EUR and 7 USD for GOLD.
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Comment by Syed Hafeez Ahmed Shah on February 15, 2013 at 6:11am -
Very nice .
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Comment by Vladimir Mihaylov on February 15, 2013 at 11:11am -
SHORT GOLD target reached
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Comment by Fendy MxO on February 15, 2013 at 12:34pm -
I hope HIT TARGET EU 1.3290 ^_^
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Comment by Peter jcp on February 15, 2013 at 5:00pm -
Hi Vladimar - just reading your blog and noted your PS. Totally agree with that you always try to give great signals and that the guys that follow should understand that no one can forecast exactly many hours in advance exact levels every day. You have given a great sell forecast today that should have seen most followers up in profit by 50 - 80 pips - and although it did not quite hit target - it was still an excellent call .
I am saying this because I noticed Fendy commented on the target of 3290 and I hope he has been able to still come out with good profit and has not let a good profit go into a minus?
The Eu still could go under 3300 today - but it might not - and so if you have your profit in your account you can always sell again if prices starts going down past were you exited - which hopefully was the 3310 -35 area
Regards
Peter
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Comment by Vladimir Mihaylov on February 15, 2013 at 5:27pm
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Thanks Peter - in fact the EUR is now capped by the MA200 which passes exactly through 1.3350. I hoped EUR to close around 1.3320-30 but it now seems that this is a little bit difficult to happen. GOLD has made an ultimate drop going even below 1600, i hope tha some of you have made good money there too. My position for today was SHORT @ 1.3368 TP 1.3318 - now i am out of the market with +50 pips.
Wish you a nice weekend, if you wish you may comment through the weekend here :)
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Comment by goldynerd on February 16, 2013 at 5:33am -
what future of gold do u see...? more lows or may rebound,because it closed out and lower from the ichimoku cloud @weekly charts....
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Comment by Vladimir Mihaylov on February 16, 2013 at 7:19am
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Yes, that close was a little bit low, the most important support is 1590. If broken GOLD may drop to 1500 where is the next support. I think that in 2-3 weeks GOLD will be back over 1650.
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Comment by goldynerd on February 16, 2013 at 7:28am
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so it is going to stay under the cloud for atleast 2 weeks...
thanks
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Comment by Syed Hafeez Ahmed Shah on February 16, 2013 at 7:54am
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Dear Sir Vladimir Mihaylov, what you think about Eur/Usd for next week from monday 18-02-13.?
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Comment by Vladimir Mihaylov on February 16, 2013 at 8:24am
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How long the gold will stay below Ichimoku i noone knows, me too :) But you have to watch 1590 for a break lower. If broken then GOLD may stay 2 weeks below, but if not.... who knows :)
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