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[Leobrfx]

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[Leobrfx]

EURUSD Daily Forecast: August 20
The EURUSD had a bullish momentum yesterday, topped at 1.4266 and closed at 1.4234. On h4 chart below we can see that the price is struggling around upper line of the bearish channel indicating a critical technical point. Surely the trendline support has been proved as a strong support preventing further bearish attack, but the upper line of the bearish channel, (which also a trendline resistance) still hold so far and not convincingly violated to the upside yet. From this perspective, actually we have no winner yet so don’t rush buying the Euro now. Immediate support at 1.4180/50 support area. Break below that area should trigger further bearish momentum back towards 1.4050 area. Initial resistance at 1.4270. Break above that area and consistent move above the trendline resistance (upper line of bearish channel) should trigger further upside pressure testing key level 1.4336 and could be a potential threat to my bearish reversal scenario.
GBPUSD Daily Forecast: August 20
The GBPUSD had indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.6374 but whipsawed to the upside, closed higher at 1.6536. On h4 chart below we can see that the price is now testing the upper line of the bearish channel and 38.2% Fibo retracement area (of 1.7042 – 1.6274) around 1.6570. A violation to the upside of the bearish channel and consistent move above 1.6570 should trigger further bullish momentum re-testing 1.6660 area (50% Fibo retracement of 1.7042 – 1.6274). As long as the pair stay below 1.6660 I still prefer a bearish scenario. UK economy outlook remains pessimistic and BoE decision to expand Quantitative Easing program can’t be too good for the Sterling. So any upside momentum should be very limited at this phase. I prefer to stay out for now. Immediate support is seen at 1.6470. Break below that area should trigger further bearish momentum back towards 1.6350

 

[Leobrfx]

24/AUG/2009 GBPUSD
Unable to break above 1.6561
The british pound fails to break above 1.6561 resistance level last week and this is the 2nd week that the cable tries to break above that level but without any chance. The pair was trading in a tight range between 1.6561 resistance level and 1.6431 support level for the past two weeks without breaking any of these levels till now ,We have to watch these two levels carefully this week as we believe that there is a chance to start seeing some new trends in the market this week . The main bias remain negative Stochastic Oscillators is pointing to the downside again While relative strength index is flat at the moment. The general trend still down as far 1.7500 remain intact. Daily target at 1.6431 while long term target 1.3500

EURUSD
Breaking above 1.4303 but 1.4362 holds The Euro continue to spike up last week breaking above 1.4303 which represent a solid resistance level in the meantime .The pair continues its way testing 1.4362 resistance level too but without any clear break or a daily close or 4 hour candle above that level till now closing the week clearly under that level too This week we have to watch these levels closely as we believe that there is a chance that the pair will start a new trend as there is a strong fundamental are controlling the markets The main bias remain negative Stochastic Oscillator is heavily over bought and flat at the same time. While relative Strength Index is flat at the moment. The general trend is down as far as 1.5210 remain solid. Daily target at 1.4263 while long term target stays at 1.2000

 

[Hooya]

Have added www.4xp.com to my Best Forex Brokerslist.

 

[Leobrfx]

EURUSD Forecast: 27/08
The EURUSD had a bearish momentum on mixed economy data yesterday. We had a positive numbers on US Durable Good Orders and New Home Sales but Stocks and oil dropped and Dollar got some support on weak Core Durable Goods Order. The better-than-expected Germany Ifo Business climate didn't give much support for the Euro. The pair bottomed at 1.4205 and closed at 1.4240. On h1 chart below we can see that the rectangle area (range area) has been violated to the downside suggesting potential bearish pressure in nearest term as the price is now testing the lower line of the bullish channel and 50% Fibo retracement of 1.4044 - 1.4375 around 1.4210 area. That area should provide a good support at this phase but a clear break below that area should lead us back into 1.4170 even 1.4050 area. Immediate resistance is seen at 1.4250/80 area. Break above that could trigger further bullish momentum towards 1.4375 area.
http://blog.fxinstructor.com/wp-content/uploads/2009/08/eurusdhourly6.jpg
GBP/USD Daily
The GBPUSD continued it's bearish momentum yesterday, bottomed at 1.6158 and closed at 1.6230. On h4 chart below we can see that the pair slipped below the lower line of the bullish channel (the same bullish channel I showed you on daily chart yesterday) but price retreated to the upside and now struggling around the bullish channel lower line. The bias remains bearish in nearest term but we need a consistent move below the lower line of the bullish channel for more bearish confirmation targeting 1.6050 area. CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 1.6280. Break above that area should trigger further bullish momentum and lead us into no trading zone.
http://blog.fxinstructor.com/wp-content/uploads/2009/08/gbpusd4hchart6.jpg

 

[Leobrfx]

EURUSD 2/Sept/2009
The European currency finally broke below 55 days moving average yesterday after it fails to break through 1.4367 major resistance level which I mention about it in my previous reportsThe pair breaks through many support level which stands at 1.4255 and 1.4217 closing yesterday below these two levels . Today the pair starts its trading with a small up move but on other hand it built a reversal candle on 4 hour chart for now, we have to keep an eye on it and I do think that there is a chance to see a break of 1.4178 very soon . The main bias remain negative. Stochastic Oscillator is overbought and flat at the same time . While relative Strength Index is flat likely to the upside. The general trend is down as far as 1.5210 remain solid . Daily target at 1.4178 while long term target stays at 1.2000
Resistance 1.4308 1.4347 1.4410 1.4480
Supports 1.4263 1.4207 1.4125 1.4070
2/Sept/2009 GBPUSD 1.6060 In sight
As expected, the British pound fall back down yesterday after it fails to break out of the downtrend channel testing 55 days moving average but without any chance . As we can see on the chart above, the pair back in the down trend channel and it finally breaks another major support which stands at 1.6194 and closes yesterday under that level . As I mentioned before in my last reports I still see the markets is topping and September will be the worst month even in the year of 2009 . Now I think that 1.6060 support level is in sight as an initial target for today .The main bias remain negative. Stochastic Oscillators is overbought and flat at the same time . While relative strength index is pointing to the downsides. The general trend still down as far 1.7500 remain intact. Daily target at 1.6060 while long term target 1.3500 .
Resistance 1.6278 1.6365 1.6410 1.6500
Supports 1.6180 1.6125 1.6090 1.6060

 

[Leobrfx]

EURUSD Weekly Summary: Remains Consolidating, Waiting for a Breakout;
The EURUSD made another indecisive weekly movement this week, formed a Doji on weekly chart. On daily chart below we can see that the pair still trapped in range area of 1.4405 - 1.4180. We need a break from the range area to have a clearer view whether we will have bullish continuation or a bearish reversal scenario. Here are three potential scenarios for the upcoming week:
Bullish continuation scenario: If we have a breakout above 1.4405/46, that would be a bullish continuation scenario confirmation, targeting 1.4719 area (December 18 high).
Bearish reversal scenario: If we have a break below 1.4180 and trendline support (blue), that would be a bearish reversal scenario confirmation targeting 1.3750 area.
Range Trading: Even after some important economic data from the Euro zone and US, the pair still trapped in the range area. In my opinion, with the lack of significant economic data from the Euro zone next week, it is more likely that the pair still trapped in the range area. So, the best trading strategy in range market is to buy near the lower line/support (1.4180) or to sell near the upper line/resistance (1.4405/46) with a very tight stop loss.
Have a great weekend and see you guys next wee.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusdsummary.jpg

 

[akuriez]

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[Leobrfx]

EUR/USD Daily Forecast Wed, 09th of September, 2009
As you can see on h4 chart below, after trapped in range area for two weeks, the EURUSD finally breakout from the range area, topped at 1.4534 (the highest level in 2009) and closed at 1.4493 yesterday. For me this is nothing but a bullish confirmation targeting 1.4719 (December 18 high) in longer term. The bias is bullish in nearest term targeting 1.4590 area. However, CCI in overbought area and heading down on h4 chart so watch out for potential downside rebound testing 1.4446 support area (former resistance). Break below that area should lead us into no trading zone as the direction would become unclear.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusd4hchart4.jpg
GBP/USD
The GBPUSD had a significant bullish momentum yesterday. On h4 chart below we can see that the pair break convincingly above the trendline resistance (yellow, now become support), topped at 1.6586 but closed lower at 1.6500. The new bullish channel (blue) indicating a bullish scenario. The bias is bullish in nearest term targeting 1.6640 area. However CCI in overbought area and heading down on h4 chart so watch out for potential downside pullback testing 1.6480/30 area. Break below that area should lead us into no trading zone.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusd4hchart3.jpg

 

[Leobrfx]

EUR/USD Daily 14 th of September, 2009
The EURUSD made indecisive movement on Friday indicating consolidation after some bullish momentum. On daily chart below we can see that the pair still moving in a bullish channel but price retreat lower around the upper line of the bullish channel. I think the pair is in potential downside correction phase, testing 1.4446 support area. Break below that area should trigger further downside correction towards the bullish channel lower line. Only a violation the the bullish channel should be seen as bullish failure. Immediate resistance at 1.4633 area (Friday's high). Break above that area should trigger further bullish momentum towards 1.4719. CCI in overbought area and heading down on daily chart suggesting potential downside pressure.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusddaily1.jpg
Gbp/Usd.
The GBPUSD attempted to push higher on Friday, topped at 1.6740 but whipsawed to the downside and closed lower at 1.6655, which is also the open price of the day, formed a Doji on daily chart. Like I already showed you on Saturday, the hanging man candlestick formation could lead us to some downside correction testing 1.6593 and 1.6500 ( 23.6% and 38.2% Fibo retracement of 1.6113 - 1.6740) support areas. Only a violation to the bullish channel could be seen as bullish failure. Immediate resistance at 1.6740 (Friday's high). CCI just cross the 100 line down on h4 chart suggesting potential downside rebound.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusd4hchart8.jpg

 

[Leobrfx]

EURUSD Daily Forecast: September 17
The EURUSD had a moderate bullish momentum yesterday, topped at 1.4736 and closed at 1.4707. On h4 chart below we can see that the pair still trapped in rising wedge area. The bias is bullish in nearest term targeting 1.4800 area. However, the rising wedge on h4 chart and CCI divergence on daily chart I showed you yesterday still give valid bearish reversal/warning, so I will keep stay out for now. If the rising wedge violated to the upside, that would be a bearish reversal scenario failure and would give me a bullish set up. At this phase, potential place to put a long position at is the around the rising wedge lower line with very tight stop loss below it. Short positions is not recommended unless we really have a valid rising wedge breakdown. Immediate support at 1.4640 (yesterday's low). Break below that area could be considered as a breakdown to the rising wedge and could lead us back to 1.4570 or even 1.4446 area.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusd4hchart7.jpg
GU
The GBPUSD made indecisive movement yesterday, formed a Doji on daily chart. On h4 chart below we can see that the pair still trapped between 38.2% - 50% Fibo retracement of 1.6113 - 1.6740. The bias remains neutral in nearest term and I think we are still in no trading zone now. Be patient and do not rush jump into the market. The key levels at this phase is 1.6400 support and 1.6580 resistance. Break below 1.6400 should trigger further bearish momentum towards 1.6200 while break above 1.6580 should trigger further bullish momentum re-testing 1.6740 area.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusd4hchart12.jpg

 

[Leobrfx]

EURUSD Daily Forecast: September 23
The EURUSD made a significant bullish momentum yesterday. On h4 chart below we can see that after breakout above the trendline resistance (red) price had a bullish momentum, topped at 1.4820 and closed at 1.4788. The rising wedge formation is no longer valid and the bearish reversal scenario has been canceled. The bias is bullish in nearest term targeting 1.4880 area before aim for 1.5000 area. CCI in overbought area and heading down on h4 chart so watch out for potential downside rebound testing 1.4766. Break below that area could lead us into no trading zone as the pair might rebound lower towards 1.4670 but the outlook remains bullish and short position is not recommended.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusd4hchart10.jpg
GU
The GBPUSD made a significant bullish momentum yesterday. On h4 chart below we can see that after rejection to move below 1.6113 support area the pair bounced to the upside. The bias is bullish in nearest term targeting 1.6555 area and the bearish correction might over now. Immediate support at 1.6300 area. Break below that area should lead us back into no trading zone.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusd4hchart14.jpg

 

[Leobrfx]

EURUSD Daily Forecast: September 25
EURUSD Forecast: Testing 1.4595 support
The EURUSD failed to continue it’s bullish momentum yesterday. The pair attempted to push higher, topped at 1.4801 but whipsawed to the downside, closed lower at 1.4660. On my h4 chart below we can seen that the price break below 1.4670 support area and now ready to test the key support level at 1.4595 area. The situation is really tricky now. Although we have serious threat to the current bullish outlook, I think it’s too early for a bearish reversal scenario. Today I will pay attention to any reaction around 1.4595 area. Break below that area could be seen as bullish failure while rejection and bounce around that area should keep the bullish scenario intact and give us a good opportunity to place long position with tight stop loss below 1.4595 targeting 1.4800 area.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusd4hchart12.jpg
GBPUSD Daily Forecast: September 25
The GBPUSD had a significant bearish momentum yesterday. On my h1 chart below we can see that after breakdown from the broadening formation and below 1.6300, the pair had a significant bearish momentum, fell below 1.6113 area, bottomed at 1.6021 and closed at 1.6056. The Sterling is in heavy pressure right now and any movement below 1.6000 psychological level could hurt the Sterling really bad and might cancel the bullish scenario targeting 1.5900 and 1.5800 area. However, a rejection to move below 1.6000 could trigger an upside rebound testing 1.6113 resistance area but I think now is not the best time to place a long position.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusdhourly1.jpg

 

[Leobrfx]

EURUSD Tue, 30th of September, 2009
The EURUSD attempted to push lower yesterday, bottomed at 1.4527 but closed higher at 1.4583. Although bearish correction seems limited now, on h4 chart below we still have a valid bearish channel and the pair still able to move below 1.4595 for now, indicating bearish correction remains valid testing 1.4440 area. However price is now testing the upper line of the bearish channel and struggle around 1.4595 which could be a critical technical point at this phase. A violation to the bearish channel and failure to keep moving below 1.4595 could be a potential threat to the bearish correction and aim for 1.4720 and 1.4850 before targeting 1.5000.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/eurusd4hchart16.jpg
GBPUSD
The GBPUSD was corrected higher yesterday, topped at 1.5988 and closed at 1.5957. On h4 chart below we can see that the price is now challenging psychological level 1.6000. I still prefer a bearish scenario as long as the pair stay below 1.6000 but we are in critical technical point now as a break above 1.6000 could be potential threat to the current bearish outlook and re-testing 1.6113 area. Immediate support at 1.5905 followed by 1.5850.
http://blog.fxinstructor.com/wp-content/uploads/2009/09/gbpusd4hchart16.jpg

 

[Leobrfx]

Eur/Usd for 01/10/09
The EURUSD had a moderate bullish momentum yesterday. The pair attempted to push higher, topped at 1.4672 but further upside momentum was limited as the pair closed a little bit lower at 1.4636. On h4 chart below we can see that the bearish channel has been violated to the upside and the upper line of the bearish channel now become a good support preventing further bearish pressure. Therefore, although the bullish momentum also limited now, I think the bullish scenario continuation has made a good start here after some bearish correction. The bias is bullish in nearest term targeting 1.4720. Break above that area should trigger further bullish momentum re-testing 1.4850. Immediate support at 1.4575. Break below that area should lead us into no trading zone as direction would become unclear.
http://blog.fxinstructor.com/wp-content/uploads/2009/10/eurusd4hchart1.jpg
GBPUSD Forecast:
We had a volatile market yesterday. The pair break above 1.6000, topped at 1.6125 but closed lower at 1.6005 and now struggling around 1.6000 area. This is not my favorite situation and prefer to stay out for now, but the pair seems to lose some bullish momentum and vulnerable for downside pressure. I am expecting range market between 1.5950 – 1.6125. Break below 1.5950 should trigger further weakness for the Sterling while break above 1.6125 should continue the bullish scenario towards 1.6300 area.
http://blog.fxinstructor.com/wp-content/uploads/2009/10/gbpusd4hchart1.jpg

 

[Leobrfx]

Forex Place (4xp), the world's leading broker in foreign exchange, (Forex, FX) and other leveraged financial instruments, invites you to trade in the largest and most exciting financial market via the finest trading platform available

 

[spectac]

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[Leobrfx]

EURUSD 07/10/09Forecast: Found Resistance at 1.4761. Support area to be Watched Today
The EURUSD continued it’s bullish momentum yesterday, topped at 1.4761 and closed at 1.4721. On h1 chart below we can see that 1.4671 area is an important intermediate resistance at this phase. The bias is neutral in nearest term and we might see some downside correction today, but the bullish scenario with 1.4850 as potential target especially if price break above 1.4761 area remains intact. However do not rush buying now. CCI heading down towards -100 line on h1 chart and price pullback after touch 1.4761 so watch out for potential downside correction testing 1.4695 – 1.4650 support area. I will be watching any reaction around that support area before make any decision today. If price able to stay above that support area, the bullish scenario re-testing 1.4850 should remains intact. Break below that area should diminish my bullish view but short position is not recommended at this phase.
http://blog.fxinstructor.com/wp-content/uploads/2009/10/eurusdhourly.jpg
GBPUSD Forecast:
The GBPUSD made another volatile but indecisive movement yesterday. On h4 chart below we can see that once again, price slipped above 1.6000, topped at 1.6047 but whipsawed to the downside, bottomed at 1.5875 and closed at 1.5915. The bias is bearish in nearest term but we need consistent move below 1.5905 for a bearish continuation confirmation re-testing 1.5808 area. Immediate resistance at 1.5950 – 1.6000 area. Break above that area could trigger further bullish momentum but long position is not recommended at this phase.
http://blog.fxinstructor.com/wp-content/uploads/2009/10/gbpusd4hchart4.jpg


MSN leogadonski@ig.com.br

 

[Leobrfx]

EURUSD Forecast: 14/10 Slipped Above 1.4850, Further Dollar Weakness Expected
The EURUSD continue it’s bullish momentum yesterday, topped at 1.4874 and closed at 1.4851. As you might already know, 1.4850 – 1.4950 area is a very important area for me since I believe any reactions around that area determine whether we will continue the bullish at least towards 1.5300 even 1.6000 area or a bearish reversal back towards 1.4000 area.
So far, the facts show us that the bullish scenario is in control so I prefer a bullish scenario. On h1 chart below we have a valid bullish channel (blue channel) started from October 02 indicating bullish power has been dominating the movement. The bias is bullish in nearest term targeting 1.4950 area but we need consistent move above 1.4850.
GBPUSD Daily Forecast: October 14
The GBPUSD failed to continue it’s bearish scenario yesterday. On h4 chart below we can see that after failed to stay consistently below 1.5760, price whipsawed to the upside and slipped above the minor trendline resistance (blue), a serious threat to my bearish outlook. Although it’s too early for a bullish reversal scenario, the bias is bullish in nearest term testing 1.6000/50 area. Break above that area and violation to the major trendline resistance (red) could trigger further bullish momentum. While broad Dollar weakness continues, violation of the major trendline resistance could be a potential starting point for a bullish reversal scenario. Immediate support at 1.5880/50 area. Break below that area should keep the bearish scenario intact re-testing 1.5707.

 

[Leobrfx]

The EURUSD 15/10 continue it's bullish momentum yesterday, topped at 1.4946 and closed at 1.4933. On my daily chart below we can easily see that 1.4950 area is a very important resistance level, my final technical resistance to be tested before aim for 1.5300 even 1.6000 area.
On h1 chart below we can see that the bullish channel remains strong and valid indicating upside scenario still dominate and control the movement. The bias remains bullish in nearest term but we need a valid break above 1.4950 area before targeting at least 1.5100 - 1.5140. CCI in overbought area and heading down on h4 so watch out for potential downside correction testing immediate support at 1.4850. Break below that area could trigger further bearish correction back towards 1.4760 but short position is not recommended.
The GBPUSD 15/10 continued it's bullish momentum yesterday, topped at 1.6024 and closed at 1.6001. On h4 chart below we can see that we are now in critical phase where price challenging the major trendline resistance (red). A Valid break above the trendline should be seen as the end of my bearish view and could be the beginning of a bullish scenario. The bias is bullish in nearest term targeting 1.6113 but we need a consistent move above the trendline resistance to continue the bullish momentum. Immediate support at 1.5950 - 1.5900 area. Break below that could trigger further bearish momentum back towards 1.5760 area.