The price is on bearish breakdown for crossing 1.0807 support level
from above to below for the breakdown to be continuing with 1.0461 as
the next bearish target.
W1 price is on primary bearish market:
is on bearish breakdown too for 1.0461 as the real bearish target.
If W1 price will break 1.0461
support level so the primary bearish will be continuing.If W1 price will break 1.1494 resistance level so the reversal to the primary bullish
condition will be started with the secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).If W1 price will break 1.2332 resistance level so the price will be fully reversed to the bullish market condition with good breakout possibility.If not so the price will be ranging within the levels.
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Sergey Golubev, 2015.11.09 08:45
USD, EUR, GBP, CAD, AUD: Outlooks For The Week - Morgan Stanley (based on efxnews article)
EUR: Bearish"We have revised our EUR forecasts lower and now look for 1.06 at year
end. Our economists now expect another 10 bp cut in the deposit rate,
an addition to QE, and an extension of the asset purchase programme. All
of this should be EUR negative. We believe the deposit rate cut is
likely to be the most currency negative, as it should incentivize
foreign investors to fund in EUR and domestic investors to seek returns
USD: Bullish"We believe USD could start to see inflows related to investment,
rather than repatriation of assets. While the latter does not require
tighter Fed policy, the former will benefit from a higher probability of
Fed hikes. Indeed, this is likely to support US assets and boost USD."
GBP: Bearish"Markets have taken the BoE dovishly as they revised CPI forecasts and
started to get concerned about the impact of EM growth on the UK
economy. On top of this, there is a downside risk to near-term inflation
as the strong trade-weighted GBP (ERI) puts downward pressure on import
prices. The focus is now on EM data again and its impact on commodity
prices and general market volatility as GBP remains sensitive to all of
Sergey Golubev, 2015.11.09 18:29
The Royal Bank of Scotland made a forecast for EUR/USD telling that "The cleanest way to play is still short EUR/USD." (based on article). So, let's made very short review of intra-day situation for this pair.
The price (H4 timeframe) is on bearish market condition located below 100 period SMA and 200 period SMA on the bearish area of the chart. Price is ranging within the following key support/resistance levels:
Thus, The Royal Bank of Scotland is correct one concerning the trend: this is bearish anyway in intra-day basis for the pair.
Sergey Golubev, 2015.11.10 11:08
Technical Overview: Will EUR/USD Break 1.0461 Support? (adapted from article)
BNP Paribas updated their forecast related to the EUR/USD price
movement in long-term situation - they told the following: "we are
somewhat sceptical on the EURUSD’s ability to test and break the
previous 2015 low of around 1.0460." Well ... let's evaluate this
forecasting situation with technical point of view.
price is on bearish market condition for the crossing key support level
at 1.0704 from above to below for the bearish trend to be continuing.
This is bearish breakdown which is going on for right now: Chinkou Span
line crossed the price to below for the bearish breakdown to be
continuing. And the nearest bearish target is 1.0461. So, there are 2
scenarios concerning the price movement in long-term situation:
Points. The price is breaking S2 YR1 Pivot at 1.0672 from above to
below with 1.0461 as the next target. And there are two similar
scenarios for the price movement related to Pivot Points:
The Strategy: watch the price to break 1.0672with possible sell trade with 1.0461 as a target.
Sergey Golubev, 2015.11.11 13:26
Intraday Outlooks For EUR/USD - SEB (adapted from efxnews article)
Skandinaviska Enskilda Banken made a technical forecast for telling that EUR/USD will go as high as 1.08 before 1.0655 support level will be broken by the price from above to below. As we see from the chart below - the price is on bearish market condition for the ranging between the following key support/resistance levels:
Descending triangle pattern was formed by the price with 1.0707 support level to be broken for the bearish trend to be continuing up to 1.0674 as the nearest bearish target.
The Strategy: watch W1 price to break 1.0707 support level for possible sell trade with 1.0674 as the target.
EURUSD By FIBO R
Sergey Golubev, 2015.11.13 07:46
EURUSD Long-Term Outlook - bearish ranging near S2 Pivot level (adapted from the article)
Credit Suisse made a forecast for EUR/USD for 2016 estimated 1.00 as
the first target and 0.85 as the second one. Let's evaluate this
forecast with the technical point of view.
EUR/USD: bearish ranging near S2 Pivot level.
This pair is on bearish market condition for the ranging within S1
Pivot at 1.1337 and S2 Pivot at 1.0672: the price is on bearish
breakdown for now with 1.0672 level crossing from above to below for
0.9599 as the next bearish target.
Sergey Golubev, 2015.11.13 17:33
Forex Weekly Outlook November 16-20 (based on the article)
The US dollar had a mixed week after the NFP. Japan GDP data, Inflation data from the UK, the US and Canada and a rate decision in Japan stand out. These are the main events on forex calendar. Here is an outlook on the market-movers for this week.
A long list of Fed speakers basically left expectations for a Fed hike unchanged, thus leaning towards a move in December. Yellen remained silent. In the euro-zone. Data was mixed, with a disappointment in retail sales but upbeat consumer confidence also a positive JOLTs report, Draghi reiterated his desire to act in December: provide more easing. In Australia, the jobs report was excellent and falling oil prices weighed on the Canadian dollar.
how do u calciulate yearly support and resistances ?
classical PSR or something else ?
You can use this one in the beginning:
How to Start with Metatrader 5
Sergey Golubev, 2015.02.03 18:48
Sergey Golubev, 2015.11.16 09:55
EUR/USD: book profit near 1.0600 psy level (adapted from the article)
United Overseas Bank is suggesting to book profit near 1.0600 psy
level for short trades. The price is located below 100 SMA/200 SMA for
the primary bearish market condition with the secondary ranging within
1.0461 support and 1.1494 resistance level for the breaking 1.0673
support from above to below for the bearish trend to be
continuing. Psy level at 1.0600 is located far below 100 SMA/200 SMA in
the bearish area of the chart between 1.0461 support and 1.0673 support
levels but UOB is telling that this level will not be easy to be broken by the
price, and it is very unlikely to be broken for this week for example.
If price will break 1.1494
resistance level so the local uptrend as the secondary market rally
will be started within the primary bearish market condition.If the price will break 1.0673 support so the bearish trend will be continuing up to 1.0600 psy level.If not so the price will be ranging between the levels.