My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 25
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XAU/USD DAILY as of Friday, 08 March, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 07/03/13, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 07/03/13, there are 24 white candles versus 26 black candles with a net of 2 black candles.
A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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 1,663.14 is decreasing. The Relative Strength Index is at 36.86 in the neutral territory. The Relative Momentum Index is at 19.64 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -39.28, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 61.64. This value is in the neutral territory.
Elliott Waves High Volatility has detected an Isolated Low at 1,567.79one bar ago ; this is usually a bullish sign
EUR/USD, forecast on Friday, 03/08/13
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.3050, which will be followed by reaching resistance level 1.3190 and then 1.3260.
An downtrend is not expecting today, while pair is trading above support level 1.2955.
Supports: 1.3070/50, 1.3010, 1.2975/55, 1.2820
Resistances: 1.3135, 1.3190, 1.3260
GBP/USD, forecast on Friday, 03/08/13
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.4945, 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, 1.5125, 1.5255
GOLD, forecast on Friday, 03/08/13
The pair is trading along an sideways trading pattern.
An uptrend will start as soon, as the pair rises above resistance level 1585, 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: 1575, 1569, 1560, 1550
Resistances: 1585, 1602, 1613
EUR/USD, forecast on Tuesday, 03/12/13
The pair is trading along an sideways trading pattern.
An uptrend will start will start from support level 1.2975, which will be followed by moving up to resistance level 1.3070 - 1.3105.
An downtrend will start as soon, as the pair drops below support level 1.2955, which will be followed by moving down to support level 1.2820.
Supports: 1.2955, 1.2820
Resistances: 1.3070, 1.3105, 1.3215
GBP/USD, forecast on Tuesday, 03/12/13
The pair is trading along an sideways trading pattern.
The downtrend may be expected to continue in case the market drops below support level 1.4865, which will be followed by reaching support level 1.4765.
An uptrend will start as soon, as the pair rises above resistance level 1.4920 - 1.4940, which will be followed by moving up to resistance level 1.4985 and then to 1.5035.
Supports: 1.4865, 1.4765
Resistances: 1.4920, 1.4940, 1.4985, 1.5035
GOLD, forecast on Tuesday, 03\12\13
The pair is trading along an sideways trading pattern.
An uptrend will start as soon, as the pair rises above resistance level 1585, 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 1577, which will be followed by moving down to support level 1570 and if it keeps on moving down below that level, we may expect the pair to reach support level 1560.
Supports: 1577, 1570, 1560, 1550
Resistances: 1585, 1602, 1613
EUR/USD, forecast on Monday, 03/18/13
The pair is trading along an sideways trading pattern.
An uptrend will start as soon, as the pair rises above resistance level 1.2970, which will be followed by moving up to resistance level 1.3075.
An downtrend will start as soon, as the pair drops below support level 1.2885, which will be followed by moving down to support level 1.2820 and then 1.2740.
Supports: 1.2885, 1.2820, 1.2740
Resistances: 1.2970, 1.3075
GBP/USD, forecast on Monday, 03/18/13
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5165, which will be followed by reaching resistance level 1.5255 and 1.5330.
An downtrend will start as soon, as the pair drops below support level 1.5080, which will be followed by moving down to support level 1.5035 and then to 1.4975.
Supports: 1.5080, 1.5035, 1.4975
Resistances: 1.5165, 1.5255, 1.5330
GOLD, forecast on Monday, 03/18/13
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1596, which will be followed by reaching resistance level 1613.
An downtrend will start as soon, as the pair drops below support level 1596, which will be followed by moving down to support level 1587.
Supports: 1596, 1587, 1578
Resistances: 1613
GBP/USD WEEKLY as of Monday, 11 March, 2013
A Weekly white body has formed (because prices closed higher than they opened).
For the past 10 Weekly candlestick bars as of 15/03/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.
For the past 50 Weekly candlestick bars as of 15/03/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.
A Weekly engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend(which appears to be the case with British Pound / US Dollar). It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.
The present wave patterns are:
fast amplitude (8%): bullish wave 2
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.59 is decreasing. The Relative Strength Index is at 32.55 in the neutral territory. The Relative Momentum Index is at 23.49 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.06, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 9.57. This value is in the oversold territory.
EUR/USD, forecast on Monday, 03/25/13
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.2940, which will be followed by reaching resistance level 1.3065 and then 1.3175.
An downtrend will start as soon, as the pair drops below support level 1.2910, which will be followed by moving down to support level 1.2845.
Supports: 1.2985, 1.2960, 1.2940, 1.2910, 1.2845
Resistances: 1.3045, 1.3065, 1.3175
GBP/USD, forecast on Monday, 03/25/13
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5170, which will be followed by reaching resistance level 1.5330 and then 1.5400.
An downtrend will start as soon, as the pair drops below support level 1.5170, which will be followed by moving down to support level 1.5090.
Supports: 1.5170, 1.5090, 1.5030
Resistances: 1.5255, 1.5330, 1.5400
GOLD, forecast on Monday, 03/25/13
The pair is trading along an sideways trading pattern.
The uptrend may be expected to continue in case the market rises above resistance level 1615, which will be followed by reaching resistance level 1623, 1631.
An downtrend will start as soon, as the pair drops below support level 1600, which will be followed by moving down to support level 1592 and then 1584.
Supports: 1606, 1603, 1600, 1592, 1584
Resistances: 1610, 1615, 1617, 1623, 1631
USD/JPY is turning bearish. Prices are trending downwards after reaching the high at 96.705 which is the 161.8% Fibonacci retracement. Daily USD/JPY Fractal Trading system and Parabolic SAR has triggered a sell signal last Friday with the D+ and DI- converging. Thus giving USD/JPY a bearish SENTIMENT. Last Friday USD/JPY closes below the 20-day EMA making. The first bearish signal occurs on last Thursday with the candlestick forming an engulfing bear. The engulfing bearish pattern is bearish during an uptrend is the case with US Dollar/Japanese Yen. It signifies that the momentum may be shifting from the buyers are swifting to sellers.
Currently the Hourly USD/JPY Parabolic SAR is showing a bullish sign. Hourly D+ is above the DI. Hourly Stochastics has crossed upwards with each low higher than previous low and high higher than previous high. The overall USD/JPY is trending upwards. I would suggest selling on rally for USD/JPY. Look for opprtunities to sell when USD/JPY REACHES 95.20.
EURUSD, Forecast on Tuesday, 03/26/13
The pair is trading along an uptrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2890, which will be followed by reaching support level 1.2740.
An uptrend will start as soon, as the pair rises above resistance level 1.2890, which will be followed by moving up to resistance level 1.2930 and 1.2995.
Supports: 1.2845, 1.2740
Resistances: 1.2890, 1.2930, 1.2995
GBPUSD, Forecast on Tuesday, 03/26/13
The pair is trading along an sideways trading pattern.
An downtrend will start as soon, as the pair drops below support level 1.5165, which will be followed by moving down to support level 1.5090.
An uptrend will start as soon, as the pair rises above resistance level 1.5230, which will be followed by moving up to resistance level 1.5330.
Supports: 1.5165, 1.5090
Resistances: 1.5230, 1.5330
GOLD, Forecast on Tuesday, 03/26/13
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1606, which will be followed by reaching support level 1592 and 1584.
An uptrend will start as soon, as the pair rises above resistance level 1606, which will be followed by moving up to resistance level 1615 and 1623.
Supports: 1595, 1592, 1584
Resistances: 1606, 1615, 1623
GBP/USD daily yesterday closes above the 20-day EMA but the current close is below the 50-day and 200-day EMA giving GBP/USD a bearish outlook. Adding to the bearishness of GBP/USD, a daily engulfing bearish line candlestick has formed. As the engulfing bearish for GBP/USD is formed during an uptrend which signifies the market momentum is shifting from the bullishness to bearishness.
The hourly GBP/USD is trending downwards. The ADX is currently at 17.8 value which signifies the GBP/USD is heading for a sideway market and D- is above D+ which is a bearish signal. MACD and Stochastic is in bearish territory. Parabolic SAR has trigger a sell signal 5 hours ago
GBP/USD is now at the 50% hourly fibonacci level. The next target is at 1.51156 which is the 61.8% hourly fibonacci level. For intraday trading recommendation: sell GBP/USD with profit target at 1.5131 with stop loss at 1.5294
EUR/USD, Weekly forecast, 04/29 - 05/03
The pair is trading along an sideways trading pattern.
An uptrend will start as soon, as the pair rises above resistance level 1.3115, which will be followed by moving up to resistance level 1.3250 and then 1.3345.
An downtrend will start as soon, as the pair drops below support level 1.3030, which will be followed by moving down to support level 1.2930 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2850.
Supports: 1.3075, 1.3030, 1.2995, 1.2930, 1.2850
Resistances: 1.3115, 1.3180, 1.3250, 1.3345
GBP/USD, Weekly forecast, 04/29 - 05/03
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5400, which will be followed by reaching resistance level 1.5675 - 1.5800.
An downtrend will start as soon, as the pair drops below support level 1.5345, which will be followed by moving down to support level 1.5150 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4920.
Supports: 1.51400, 1.5345, 1.5230, 1.5150
Resistances: 1.5540, 1.5675, 1.5800
GOLD, Weekly forecast, 04/29 - 05/03
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1453, which will be followed by reaching resistance level 1500 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1537.
An downtrend will start as soon, as the pair drops below support level 1453, which will be followed by moving down to support level 1418 and if it keeps on moving down below that level, we may expect the pair to reach support level 1332.
Supports: 1453, 1418, 1395, 1363, 1332
Resistances: 1476, 1500, 1537