My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 24

 

EUR/USD, forecast on Friday, 02/22/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.3255, which will be followed by reaching support level 1.3160 and then 1.3070.

An uptrend will start as soon, as the pair rises above resistance level 1.3255, which will be followed by moving up to resistance level 1.3345.

Supports: 1.3160, 1.3070

Resistances: 1.3255, 1.3345, 1.3455

GBP/USD, forecast on Friday, 02/22/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.5355, which will be followed by reaching support level 1.5150 and then to 1.5065.

An uptrend will start as soon, as the pair rises above resistance level 1.5355, which will be followed by moving up to resistance level 1.5485.

Supports: 1.5150, 1.5065

Resistances: 1.5355, 1.5485, 1.5650

GOLD, forecast on Friday, 02/22/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1587, which will be followed by reaching support level 1560.

An uptrend will start as soon, as the pair rises above resistance level 1587, which will be followed by moving up to resistance level 1602 - 1609.

Supports: 1560, 1535

Resistances: 1580, 1602

 

EUR/USD, Weekly forecast, 02/25 - 03/01

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.3345, which will be followed by reaching support level 1.3070 and then to 1.2945.

An uptrend will start as soon, as the pair rises above resistance level 1.3345, which will be followed by moving up to resistance level 1.3455 and then to 1.3645.

Supports: 1.3185, 1.3070, 1.2945

Resistances: 1.3345, 1.3455, 1.3645

GBP/USD, Weekly forecast, 02/25 - 03/01

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.5355, which will be followed by reaching support level 1.4900.

An uptrend will start as soon, as the pair rises above resistance level 1.5355, which will be followed by moving up to resistance level 1.5650.

Supports: 1.5065, 1.4900

Resistances: 1.5355, 1.5485, 1.5650

GOLD, Weekly forecast, 02/25 - 03/01

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1609, which will be followed by reaching support level 1560 and then to 1535.

An uptrend will start as soon, as the pair rises above resistance level 1609, which will be followed by moving up to resistance level 1658 and then to 1627 and then to 1652.

Suports: 1580, 1560, 1535

Resistances: 1602, 1609, 1627, 1652

 

EUR/USD, forecast on Tuesday, 02/26/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.3100, which will be followed by reaching support level 1.2930 - 1.2885.

An uptrend will start as soon, as the pair rises above resistance level 1.3100, which will be followed by moving up to resistance level 1.3200.

Supports: 1.2930 - 1.2885

Resistances: 1.3070 - 1.3100, 1.3200, 1.3245

GBP/USD, forecast on Tuesday, 02/26/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.5235, which will be followed by reaching support level 1.5065 and then to 1.4900.

An uptrend will start as soon, as the pair rises above resistance level 1.5235, which will be followed by moving up to resistance level 1.5400.

Supports: 1.5065, 1.4900

Resistances: 1.5235, 1.5400, 1.5485

GOLD, forecast on Tuesday, 02/26/13

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1585, which will be followed by reaching resistance level 1602 - 1609.

An downtrend will start as soon, as the pair drops below support level 1585, which will be followed by moving down to support level 1560.

Supports: 1585, 1560

Resistances: 1602, 1609

 

[TABLE]

EUR/CH DAILY as of Wedneday, 27 February, 2013

A Daily black body has formed (because prices closed lower than they opened).

For the past 10 Daily candlestick bars as of 26/02/13, there are 3 white candles versus 7 black candles with a net of 4 black candles.

For the past 50 Daily candlestick bars as of 26/02/13, there are 22 white candles versus 24 black candles with a net of 2 black candles.

A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create threeDaily black crows, the steady downward pattern is bearish.

Euro Dollar / Swiss Franc broke below the downside support level of 1.23, 1 day ago. This is a bearish sign. This previous support level of 1.23 may now provide upside resistance. Prices having only declined 0.06% since the breakout, the validity of the breakout is questionable.

Euro Dollar / Swiss Franc closed below the lower Bollinger Band by 10.1%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 97.38% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / Swiss Franc's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 33 days. The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

EURUSD might retracment intraday to 1.3104 before declining.

Mid-term: Sell

Intraday: Buy (Target: 13104; Stop loss: 1.2986)

[/TABLE]

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EUR/USD, forecast on Thursday, 02/28/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.3200, which will be followed by reaching support level 1.3070 and then 1.2930.

An uptrend will start as soon, as the pair rises above resistance level 1.3200, which will be followed by moving up to resistance level 1.3345.

Supports: 1.3070, 1.2930

Resistances: 1.3200, 1.3240, 1.3345

GBP/USD, forecaston Thursday, 02/28/13

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.5235, which will be followed by reaching support level 1.5065 and then to 1.4900.

An uptrend will start as soon, as the pair rises above resistance level 1.5235, which will be followed by moving up to resistance level 1.5400.

Supports: 1.5065, 1.4900

Resistances: 1.5235, 1.5400, 1.5485

GOLD, forecast on Thursday, 02/28/13

The pair is trading along an uptrend.

An downtrend will start from resistance level 1602, which will be followed by moving down to support level 1580 and if it keeps on moving down below that level, we may expect the pair to reach support level 1560.

An uptrend will start as soon, as the pair rises above resistance level 1613, which will be followed by moving up to resistance level 1627.

Supports: 1595, 1580, 1560

Resistances: 1602, 1613, 1627

 

XAU/USD DAILY as of Friday, 01 March, 2013

Wave 4 of moderate (13%) amplitude has crossed a threshold where the probability of a failure is higher. This wave could turn into an impulse wave 1 of opposite trend.

The present wave patterns are:

fast amplitude (8%): bearish wave 1

moderate amplitude (13%): bullish wave 4

Gold / US Dollar is long term Bearish as the 144 days moving average of 1,669.25 is decreasing. The Relative Strength Index is at 35.09 in the neutral territory. The Relative Momentum Index is at 23.05 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -44.63, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 81.09. This value is in the overbought territory.

Files:
gold-wave-d.png  44 kb
 

EUR/USD, Weekly forecast, 03/04 - 03/08

The pair is trading along an downtrend.

The downtrend may be expected to continue in case the market drops below support level 1.2955, which will be followed by reaching support level 1.2820 and then to 1.2670.

An uptrend will start as soon, as the pair rises above resistance level 1.3130, which will be followed by moving up to resistance level 1.3345.

Supports: 1.2955, 1.2820, 1.2670

Resistances: 1.3130, 1.3345

GBP/USD, Weekly forecast, 03/04 - 03/08

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.5165, which will be followed by reaching support level 1.4900 and then to 1.4720 and 1.4535.

An uptrend will start as soon, as the pair rises above resistance level 1.5400, which will be followed by moving up to resistance level 1.5800 and then 1.6000.

Supports: 1.4900, 1.4720, 1.4535

Resistances: 1.5165, 1.5340, 1.5400, 1.5670, 1.5800, 1.6000

GOLD, Weekly forecast, 03/04 - 03/08

The pair is trading along an downtrend.

The downtrend may be expected to continue in case the market drops below support level 1535, which will be followed by reaching support level 1485.

An uptrend will start as soon, as the pair rises above resistance level 1602, which will be followed by moving up to resistance level 1655 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1714.

Suports: 1560, 1535, 1485

Resistances: 1602, 1620, 1655, 1684, 1714

 

XAU/USD DAILY as of Tuesday, 05 March, 2013

Wave 4 of moderate (13%) amplitude has crossed a threshold where the probability of a failure is higher. This wave could turn into an impulse wave 1 of opposite trend. Wait until wave resumes a normal pattern or a wave 1 is confirmed.

The present wave patterns are:

fast amplitude (8%): bearish wave 1

moderate amplitude (13%): bullish wave 4

Gold / US Dollar is long term Bearish as the 144 days moving average of 1,666.68 is decreasing. The Relative Strength Index is at 33.89 in the neutral territory. The Relative Momentum Index is at 21.86 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -44.87, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 60.63. This value is in the neutral territory.

Elliott Waves High Volatility has detected an Isolated Low at 1,566.88one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected an Isolated High at 1,602.76one bar ago; this is usually a bearish sign

Buy Gold intraday with target at 1582.60 with stop loss at 1561.40

Files:
gold_wave-d.png  46 kb
 

EUR/USD, forecast on Wednesday, 03/06/13

The pair is trading along an sideways trading pattern.

An downtrend will start as soon, as the pair drops below support level 1.3025, which will be followed by moving down to support level 1.2970 - 1.2955.

An uptrend will start as soon, as the pair rises above resistance level 1.3070, which will be followed by moving up to resistance level 1.3095, 1.3130 and 1.3190.

Supports: 1.3025, 1.2970, 1.2955

Resistances: 1.3070, 1.3095, 1.3130, 1.3190

GBP/USD, forecast on Wednesday, 03/06/13

Forecast on Wednesday, 03/06/13

The pair is trading along an sideways trading pattern.

An uptrend will start as soon, as the pair rises above resistance level 1.5170, which will be followed by moving up to resistance level 1.5255 and then to 1.5340.

An downtrend will start as soon, as the pair drops below support level 1.5095, which will be followed by moving down to support level 1.5040 and then to 1.4990.

Supports: 1.5095, 1.5040, 1.4990, 1.4900

Resistances: 1.5170, 1.5255, 1.5340

GOLD, forecast on Wednesday, 03/06/13

Forecast on Wednesday, 03/06/13

The pair is trading along an sideways trading pattern.

An uptrend will start as soon, as the pair rises above resistance level 1586, which will be followed by moving up to resistance level 1602 and then 1613.

An downtrend will start as soon, as the pair drops below support level 1573, which will be followed by moving down to support level 1560 - 1550.

Supports: 1573, 1560, 1550

Resistances: 1581, 1586, 1602, 1613

 

EUR/USD, forecast on Thursday, 03/07/13

The pair is trading along an downtrend.

The downtrend may be expected to continue in case the market drops below support level 1.2955, which will be followed by reaching support level 1.2820.

An uptrend will start as soon, as the pair rises above resistance level 1.3025, which will be followed by moving up to resistance level 1.3070 and then 1.3135.

Supports: 1.2965/55, 1.2820

Resistances: 1.3025, 1.3070, 1.3135

GBP/USD, forecast on Thursday, 03/07/13

The pair is trading along an downtrend.

The downtrend may be expected to continue in case the market drops below support level 1.4950, which will be followed by reaching support level 1.4765.

An uptrend will start as soon, as the pair rises above resistance level 1.5035, which will be followed by moving up to resistance level 1.5125 and then 1.5255.

Supports: 1.4950, 1.4765

Resistances: 1.5035, 1.5095, 1.5125, 1.5255

GOLD, forecast on Thursday, 03/07/13

The pair is trading along an sideways trading pattern.

An uptrend will start as soon, as the pair rises above resistance level 1586, which will be followed by moving up to resistance level 1602 and then 1613.

An downtrend will start as soon, as the pair drops below support level 1569, which will be followed by moving down to support level 1560 - 1550.

Supports: 1573, 1560, 1550

Resistances: 1581, 1586, 1602, 1613

Reason: