First of all i wish you many of these next year and once again i want to thank you all for your comments and "Likes" here at my page. You will be welcomed here through the next year too and i wish you all the best.

In the last day of 2013 EUR opened with a small gap higher but for now the tone is bearish. We have made a spike higher on Friday when the EUR made a 200 pips move without having any reason and as the leading analysts said this was because the banks made some EUR purchases to have some fresh money at the beginning of 2014. I think this move was mainly to hit all the stops which were set on 21 october when a huge bearish move occured. 

As the Monthly and Weekly frames are still bulish , the Daily one starts to turn bearish after several days of consolidation below 1.3800  and if the price falls below 1.3710 on Daily frame, the downside pressure over the EUR will increase with next target 1.3630. We have a pretty good support area at 1.3570-1.3610 as you can see it is wide enough to stop the downside at the first attempt. Switch now again to Daily and you can see that the price is in a triangle formation with support 1.3570 and resistance 1.3830 and it remains only 3-4 weeks till the triangle's end. So in January or beginning of February a huge move will occur quite more possible to the downside with testing of 1.32-1.33 area. ( i hope so as i have sold EUR at 1.3861 with 50 pips SL)

H4 frame tells us that the EUR is in a consolidation again and stopped right at the support 1.3730-40, if you remember this area has bounced the downside several times last week. The price is supported at 1.3710 too as there we have a small negative Ichimoku. If we succeed to stay above 1.3700 till the new year's first working day then a new test of the resistances may appear. And the resistances we may see at H1, the first one is 1.3770-1.3810 and 1.3860 (where i have sold EUR).

On the GOLD market Daily indicators show continuing downside with first target 1186 and then 1154, however a break above 1220 will test 1260 on Weekly. I think through the next year 2014 we are going to reach 1050 and then a pullback will appear to 1300-1400 for example, but let's see what will happen.

Please, all you who have read this forecast, post one comment or a wish here on my last forecast for this year :))))

Whish you luck!!!

Views: 1045


Comment by Asim Rehman on December 30, 2013 at 6:39am

Perfect forecasts in 2013 and it helped us very much to understand the market move and make some good profit, you are one of the best.

Comment by Johnny on December 30, 2013 at 7:21am
Thanks for the perfect work in 2013. Looking forward to 2014. Happy new Year Vladimir.
Comment by Andrija Gosevski on December 30, 2013 at 7:32am
Happy New Year Vladimir, pozdrav od Serbia.
Comment by Sheeda Pastaol on December 30, 2013 at 7:37am

Nice forecast for both Euro and Gold.. I am bearish and keeping an eye on euro as it is resilient..!!! 

I wish you and all here a very prosperous Happy New Year..!!!!!!

Comment by K.M. Mamunur Rashid on December 30, 2013 at 7:43am

Thanks Vladimir for your nice forecast, Hope you will do better job in the next Year.

Comment by teddy on December 30, 2013 at 8:43am

Thank you Vladimir, i often read your analysis, keep up the good work. Happy New Year to You and all others here!

Comment by Neo on December 30, 2013 at 8:58am
Vladimir, thanxx for your great efforts, all the best.
Comment by Husain Abbas Doriwala on December 30, 2013 at 9:13am
Thnx u Vladimir! Happy new year to u
Comment by watuji on December 30, 2013 at 9:43am

thx vladimir :)

Comment by Por Por on December 30, 2013 at 9:45am

Happy New year 2014....Its spooky how you correctly predict the movement...please carry on into 2014..happy pips


You need to be a member of Forex Social Network to add comments!

Join Forex Social Network


© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service


Live Video