Forex Analysis

  • GBP/USD rebounds above 1.50 – daily strategy for July 04, 2013

    Yesterday the British pound stopped weekly pivot point, then from there started its fall to the current level of 1.5055. In the afternoon European session the monetary policy was unveiled remaining whith no changes, but the thing caused the decline was the  "dovish" policy statement that collapsed all-day Wednesday gains. However, observing the chart, we see that this pair is below 1.5086 first weekly support. If the GBP/USD closes the week below this level, it is expected to fall ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD: buy long above 1.2850 – daily strategy for July 04, 2013

    The euro collapsed before the data remained strong above 1.30, but when it became known that the ECB's monetary policy remained unchanged, the euro fell to the level of 1.2877.  This level is now recovering, therefore you can buy at this level, with objectives at 1.2945 and 1.3048. Observing the chart, we expect the euro to bounce slighly to 1.3050,  where it will be possible to define the trend: if it rises above these levels, ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD technical analysis for July 5, 2013

      GBP/USD:  Resistance: 1.5140. (Sell below this level).  Support: 1.5000. (Buy above this level).  According to previous events, the price has been trapped between 1.5115 and 1.5070, hence it is of the wisdom to be careful in this area. Therefore, the first step is waiting for a period of a tight sideways range market before breakouts. Then, it is probable that the market is going to start showing the bullish ...

    Posted at July 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GOLD analysis for July 03, 2013

    Overview: Since our last analysis Gold has been trading downward moves, as we expected. We rejected from FE 261.8 % (1H chart ) at price 1,267.00 and tested 1,236.00. I placed Fibonacci expansion levels to find potential end of up corrective phase. Thus, I got FE 261.8% at price 1,269.00 and if that level holds, we may see down continuation. We are still likely to see testing of ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for July 03, 2013

    AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, just as we expected, impulsive wave 5 (coloured blue) of the bigger wave [3] (coloured red) has been developing. During the Tuesday's Asian and European session we could observe descending movement from 0.9210 towards the 0.9128 level. Therefore, during the New York session this currency has continued trading lower and price has dropped to the ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for July 03, 2013

    USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 5 (coloured blue) of the bigger wave [1] (coloured red) has finished developing. Yesterday, during the Asian and European session we could observe ascending movement from 1.0500 towards the 1.0577 level and we can consider this move as the end of the impulsive wave [1] (coloured red). Therefore, during the New York session ...

    Posted at July 3, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD intraday technical levels for June 27, 2013

    TODAY'S  TECHNICAL  LEVELS: Breakout BUY Level: 1.3078. Strong Resistance: 1.3071. Original Resistance: 1.3058. Inner Sell Area: 1.3045. Target Inner Area: 1.3015. Inner Buy Area: 1.2985. Original Support: 1.2972. Strong Support: 1.2959. Breakout SELL Level: 1.2952.  DESCRIPTION: Today EUR/USD has support and resistance at 1.2972 and 1.3058. The rate is accompanied by strong support at 1.2959 and by 1.3071 ...

    Posted at June 27, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/JPY intraday technical levels for June 27, 2013

    TODAY'S  TECHNICAL  LEVELS: Resistance 3: 98.24. Resistance 2: 98.07. Resistance 1: 97.88. Support 1: 97.63. Support 2: 97.43. Support 3: 97.24.  DESCRIPTION: Please pay attention to the levels of support 3 (97.24) and resistance 3 (98.24). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.  Best regards,

    Posted at June 27, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USDX: Daily analysis for June 27, 2013

    Daily chart: The USDX continues to consolidate above the support at 82.51 level. Now, the USDX is forming a lower high pattern, to try to climb to the next resistance level of 83.22, which is very possible if the fundamental news for the USDX to become positive during the rest of the week. If the USDX manages to break the resistance 83.22 level, it would be expected to rise to the level of 83.74. The ...

    Posted at June 27, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EurJpy holding line of resistance well. Remain short

    Technical outlook and chart setups: The single currency pair is testing and holding the sloping line of resistance well till now. Indications are towards a fresh low possibly to 121.00 level as depicted here. Immediate resistance is at 131.00, followed by 132.00 and 134.00 on the higher side; while support is strong at 119.00 level for now. As seen here, the outer line of support is passing through 113/114 levels. The currency pair can ...

    Posted at June 26, 2013 | By : | Categories : Forex Analysis | 0 Comment