My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 26

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EURUSD

BUY

If the price breaks through the level 1.3156 bullish movement will start. Targets of the bullish movement: 1.3226.

 

EURUSD: It is expected bullish movement of this pair and target is 1,3387. If the pair begins bearish movement than stop loss will be 1.33108.

 

EUR/GBP rebounds after rough week

The EUR/GBP moved higher in Friday’s European session after failing to register a bid over the previous 5 days. The common currency was simply outpaced this week by the British pound, which enjoyed a bullish run on the back of positive economic data. The euro zone also produced positive figures this week, including several GDP reports that showed the currency bloc finally returned to growth in the second quarter. This however wasn’t enough to secure a gain on its British peer, which advanced on retail sales and jobs data.

 

[TABLE]

The USD/JPY pair traded at 98.96 Yen, a gain of 0.3%, adding to Thursday’s 1% rise. The EUR/USD pair eased back to $1.3345, a loss of 0.1%, while the EUR/JPY traded 0.1% higher to 132.04 Yen adding to the better than 1% gain from yesterday. The U.S. Dollar Index traded at a session high of 81.719 .DXY and was recently 0.3% higher at 81.449 .DXY; investors use the U.S. Dollar Index to gauge the greenback’s strength relative to major peers which include among others the Euro and the Yen.

[/TABLE]

 

US DOLLAR TECHNICAL ANALYSIS – Prices put in a Spinning Top candlestick below resistance at 10760. Range support is at 10646, with a break below that targeting the bottom of a falling channel set from early July (now at 10581). A reversal above 10760 aims for the channel top at 10804.

 

EURUSD: If start bullish movement take profit will be at the level 1.3410 and stop loss at the level 1.3315. In case of bearish movement take profit at the level 1.3257 and stop loss 1.3394.

 

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GOLDANALYSIS– Prices overturned bearish reversal cues noted last week, pushing higher to challenge resistance at the 76.4% Fibonacci expansion (1400.72). A break this barrier targets a rising channel top at 1423.17, followed by the 100% level at 1440.23. Near-term support is at 1376.28, the intersection of the channel bottom and the 61.8% Fib.

 

USDJPY: Strategy of trading: If there is bullish movement than target of buying will be 101.11 otherwise take profit of selling will be 97.981.

 

Results of trading on 2013.08.19 11:36 sell 0.10 gbpusd started point: 1.56428 closed at: 2013.08.23 20:01 closed point:1.55766 swap: -1.68 Results: 66.20

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