I think USD still strong. EUR/USD is currently trading at 1.0790 with a high of 1.0895 and a low of 1.0712. After which a downside move is expected.
Monday, March 30, 2015
EUR/USD SIGNAL:
The EUR/USD pair target of the current correction was confirmed by local retracements. The closest target is the group of intermediate at 1.0700. After reaching it, the market may start a local pullback upwards.The long term target 1.0350.
Sunday, March 29, 2015
EUR/USD news:
The US dollar managed to fight back and correct part of the correction. In the week that ends with Good Friday, we have a buildup towards the all important US Non-Farm Payrolls as well as Canadian GDP, US Consumer Confidence and more events. Join us as we explore the top events of this week.
The US labor market continued to improve with a decline in the number of jobless claims, reaching 282,000. Also inflation figures were OK and new home sales beat. However, the final GDP release for the fourth quarter of 2014 slightly disappointed remaining unchanged at 2.2%, below the 2.4% forecast and durable goods orders also fell short of predictions. In the euro-zone, we had upbeat data from Germany but that wasn’t enough for EUR/USD to settle over 1.10. In the UK, retail sales shined but inflation hit a round 0%, and cable is still looking for a direction. Japanese inflation also looks weak and could trigger action from the BOJ. The C$ was attentive to oil prices related to the crisis in Yemen, while the Aussie watched developments in China.
The US labor market continued to improve with a decline in the number of jobless claims, reaching 282,000. Also inflation figures were OK and new home sales beat. However, the final GDP release for the fourth quarter of 2014 slightly disappointed remaining unchanged at 2.2%, below the 2.4% forecast and durable goods orders also fell short of predictions. In the euro-zone, we had upbeat data from Germany but that wasn’t enough for EUR/USD to settle over 1.10. In the UK, retail sales shined but inflation hit a round 0%, and cable is still looking for a direction. Japanese inflation also looks weak and could trigger action from the BOJ. The C$ was attentive to oil prices related to the crisis in Yemen, while the Aussie watched developments in China.
Saturday, March 28, 2015
EUR/USD Technical Analysis
EUR/USD: A bearish key day reversal candle. With a lower high in place the triangle congestion scenario still remains the most preferred outcome. Ideally the pair should have stalled at 1.0930 (78.6% of the preceding move) but as can be seen the market has had great difficulties holding above that level. With yesterday’s bearish key day reversal the next leg within the triangle is most likely underway and if our assumption is right we should see the 1.06-area being scrutinized next week.I think also till USD strong, so the EUR/USD DOWNTREND MOVEMENT.
Friday, March 27, 2015
EUR/USD Forecast:
I assume that the USD could move higher soon.
EURUSD eventually reached the target of 1.07302 yesterday, the measured move from the break out of the rising wedge pattern. Price has now formed a fallingprice channel and looks to be currently testing the upper end of the channel. A test towards 1.0830 is evident and if successful as resistance, we could seefurther declines in the near term towards the target of 1.0605. However, should price break out of the falling channel and test back to the support at1.07302, the view could shift to bullish upon break of the resistance at 1.0812
EURUSD eventually reached the target of 1.07302 yesterday, the measured move from the break out of the rising wedge pattern. Price has now formed a fallingprice channel and looks to be currently testing the upper end of the channel. A test towards 1.0830 is evident and if successful as resistance, we could seefurther declines in the near term towards the target of 1.0605. However, should price break out of the falling channel and test back to the support at1.07302, the view could shift to bullish upon break of the resistance at 1.0812
Thursday, March 26, 2015
EUR/USD Analysis:
I think this point is return for USD.
EUR/USD is currently trading at 1.0880 with a high of 1.1010 and a low of 1.0804.After which a downside move is expected.
EUR/USD is currently trading at 1.0880 with a high of 1.1010 and a low of 1.0804.After which a downside move is expected.
Wednesday, March 25, 2015
EUR/USD Technical
I think this point is return for USD.
EUR/USD is currently trading at 1.0950 with a high of 1.1005 and a low of 1.0880.
EUR/USD is currently trading at 1.0950 with a high of 1.1005 and a low of 1.0880.
Tuesday, March 17, 2015
Monday, March 16, 2015
Thursday, March 12, 2015
Wednesday, March 11, 2015
Tuesday, March 10, 2015
Sunday, March 8, 2015
Bearish to neutral on EUR/USD
It is followed by 1.0760, which was the low point in both July and August 2003.
Market should not go lower than 1.0652. After this move down it should go up to 1.0974 area.
Market should not go lower than 1.0652. After this move down it should go up to 1.0974 area.
Saturday, March 7, 2015
Friday, March 6, 2015
EUR/USD
The euro is under growing pressure now. A strongly bearish candle was posted yesterday which resulted in 100 pips of downside on the day and more importantly a close below the previous low at $1.1098. This move has taken the euro to its lowest level since 2003 and creates something of a void of support. It is below the 100% Fibonacci projection target of a 2011/2012 bear market at $1.1093 and now the next support is at $1.1000 which is psychological. The next real support does not come in until $1.0760 from way back in 2003, so there is very little to hold up the bears. The momentum indicators are bearish but also show further downside potential in the move. The intraday hourly chart also reflects this negative momentum with further downside. There is a minor reaction high overnight at $1.1085 and nothing overly significant until around $1.1150 so there is room for a technical rally. However any bounce would be a chance to sell.
Thursday, March 5, 2015
Current level - 1.1046
The break through 1.1097 low signals a renewal of the general downtrend and the bias is negative below 1.1120 intraday resistance, for a tight test of 1.1000 sentiment zone. Crucial on the upside is 1.1240.
Tuesday, March 3, 2015
Major currencies exchange rate:
$EURUSD: 1.11686
EUR/USD is currently trading at 1.1140 with a high of 1.1215 and a low of 1.1160.
$USDJPY: 119.74004
$GBPUSD: 1.53478
$AUDUSD: 0.781
EUR/USD is currently trading at 1.1140 with a high of 1.1215 and a low of 1.1160.
$USDJPY: 119.74004
$GBPUSD: 1.53478
$AUDUSD: 0.781
Monday, March 2, 2015
EUR/USD Current price: 1.1196
The EUR/USD pair retraces from a daily high set at 1.1240 during the European session, reached after European data resulted up beating, with unemployment in the region down to 11.2% and inflation figures showing a slight improvement yearly basis.In the US, Personal Income and Spending figures missed expectations, although the dollar maintains its early gains against most of its rivals.
As for the short term in the EUR/USD, the pair trades above its 20 SMA while the Momentum indicator heads higher above 100 in the 1 hour chart, keeping the downside limited as long as the price holds above 1.1200. In the 4 hours chart however, the technical picture is clearly bearish with the 20 SMA heading lower around 1.1250 and the indicators losing their early upward strength well into negative territory, suggesting the upward corrective movement is complete, and that the pair is ready to resume the downside.
Support levels: 1.1200 1.1170 1.1130
Resistance levels: 1.1250 1.1285 1.1320
As for the short term in the EUR/USD, the pair trades above its 20 SMA while the Momentum indicator heads higher above 100 in the 1 hour chart, keeping the downside limited as long as the price holds above 1.1200. In the 4 hours chart however, the technical picture is clearly bearish with the 20 SMA heading lower around 1.1250 and the indicators losing their early upward strength well into negative territory, suggesting the upward corrective movement is complete, and that the pair is ready to resume the downside.
Support levels: 1.1200 1.1170 1.1130
Resistance levels: 1.1250 1.1285 1.1320
EUR/USD: Support to be tested again at 1.1160?
EUR/USD is currently trading at 1.1184 with a high of 1.1240 and a low of 1.1160.
Sunday, March 1, 2015
GBP/USD - British Pound / US Dollar
Entry: 1.54
Targets: 1.535 and 1.522
Stop: 1.544
Resistances: 1.5455 - 1.5435 - 1.5405
Supports: 1.53 - 1.5345 - 1.5375
Targets: 1.535 and 1.522
Stop: 1.544
Resistances: 1.5455 - 1.5435 - 1.5405
Supports: 1.53 - 1.5345 - 1.5375
EUROUSD latest analysis:
EUR/USD - Euro / US Dollar
Entry: 1.117
Targets: 1.11 and 1.1
Stop: 1.121
Resistances: 1.128 - 1.1225 - 1.119
Supports: 1.105 - 1.1105 - 1.1135
Entry: 1.117
Targets: 1.11 and 1.1
Stop: 1.121
Resistances: 1.128 - 1.1225 - 1.119
Supports: 1.105 - 1.1105 - 1.1135
EURUSD Bear Bias Intact; March Risk Through 1.1000
A plunge lower as we have been anticipating over the past 1-2 weeks after another failure ahead of the firm 1.1445/50/51 resistance area.
The bearish resolution through support at 1.1279/70 and 1.1224 points to a bearish trend continuation.
Short-term - Downside Risks:
For early March we now see risk back to the 1.1098 low.
Into the month we aim still for the psychological and option target at 1.1000.
A taster of the report above. To view the full EURUSD report with screencasts, levels and more,
The bearish resolution through support at 1.1279/70 and 1.1224 points to a bearish trend continuation.
Short-term - Downside Risks:
For early March we now see risk back to the 1.1098 low.
Into the month we aim still for the psychological and option target at 1.1000.
A taster of the report above. To view the full EURUSD report with screencasts, levels and more,
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