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GBPUSD Technical Analysis 2016, 21.08 - 28.08: bearish ranging within narrow s/r levels
Sergey Golubev, 2016.08.22 07:32
GBP/USD Intra-Day Technical Analysis - ranging inside Ichimoku cloud for direction
H4 price is inside Ichimoku cloud for the bullish ranging within the following support/resistance levels:
Absolute Strength indicator is estimating the ranging market condition to be continuing.
SUMMARY : ranging
Forecast for Q3'16 - levels for US Dollar Index
Sergey Golubev, 2016.08.23 07:11
Dollar Index Intra-Day Technical Analysis - bullish reversal or bearish trend to be resumed?
is on ranging condition located below Ichimoku cloud in the bearish area of the chart. The price is within the following support/resistance levels:
AllAbsolute Strength indicator is estimating the bearish trend to be continuing with the secondary ranging way.
H4 price breaks 94.08 support level on close H4 bar so the primary bearish trend will be resumed.If H4 price breaks 94.96 resistance level so the reversal of the intraday price movement to the primary bullish market condition will be started.If not so the price will be ranging within the levels.
SUMMARY : bearish
Sergey Golubev, 2016.08.23 14:26
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
is located above 100 SMA/200 SMA for the bullish market condition: the
price is on ranging within
the following support/resistance
price. United Overseas Bank is expecting for EUR/USD to be continuing with the bullish market condition:
"While stops for s/t bullish view is still intact at 1.1240, the recent
price action is lackluster and the odds for extension to the 1.1430 high
seen on the day of Brexit are not very high. EUR has to clear the
recent 1.1365 peak in an ‘impulsive manner’ before a sustained up-move
can be expected."
Sergey Golubev, 2016.08.23 14:48
Technical Targets for GBP/USD by United Overseas Bank (based on the article)
is above 100 SMA/200 SMA for the bullish market condition: the
price is breaking 1.3185 resistance to above for 1.3209 target to re-enter.
price. United Overseas Bank is expecting for GBP/USD to be continuing with the bullish market condition by 1.3186 resistance to be broken with 1.3255 bullish target:
"GBP touched a low of 1.3034 before rebounding strongly. While short-term
downward momentum has waned with the strong recovery, we still believe
that the current pull-back has scope to extend lower to test the 1.2940
support first. That said, a clear break above last week 1.3186 high
could lead to a quick move towards the key 1.3255 resistance."
Sergey Golubev, 2016.08.24 11:48
USD/CNH Price Action Analysis - rdaily correction to be resumed or the bullish to be re-started (adapted from the article)
Daily price is located above 200 period SMA
and 100 period SMA for the primary bullish with secondary ranging
between Fibo support level at 6.6125 and Fibo resistance level at 6.7166:
If daily price breaks Fibo support level at 6.6125
to below so the local downtrend as the secondary correction will be resumed. If daily price breaks Fibo resistance level at 6.7166 from below to above so the primary bullish trend will be continuing with good possible breakout of the price movement. If not so the price will be on bullish ranging within the levels.
EURUSD Technical Analysis 2016, 21.08 - 28.08: Fibo resistance with ascending triangle to be broken for the daily bullish to be resumed
Sergey Golubev, 2016.08.24 18:37
EURUSD Technical Analysis: daily correction with 1.1240 as a key level
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is started with the secondary correction with 1.1240 support level to be tested for the correction to be continuing.
SUMMARY : bullish
Sergey Golubev, 2016.08.25 11:20
The H4 price broke trendline to above with 1.1290 resistance level to be testing for 1.1366 target for the bullish trend to be continuing. Alternative, if the price breaks 1.1244 support to below so the local downtrend as the secondary correction within the primary bullish trend will be started.
By the way, the bearish reversal level for this H4 timeframe is 1.1153, and if the price breaks this level to below so the bearish reversal will be started.
Forecast for Q3'16 - levels for DAX Index
Sergey Golubev, 2016.08.26 08:40
DAX Index: End Of Week Technicals - Daily Correction
Daily price is above Ichimoku cloud in the bullish area of the chart for the ranging within the following support/resistance levels:
Chinkou Span line of Ichimoku indicator is located above the price for the possible correction in the near future, and Absolute Strength indicator is estimating the the trend as the local downtrend to be started.
SUMMARY : correction
Sergey Golubev, 2016.08.26 16:26
Intra-Day Fundamentals - EUR/USD and GBP/USD: Fed Chair Yellen Speaks
2016-08-26 14:00 GMT | [USD - Fed Chair Yellen Speaks]
[USD - Fed Chair Yellen Speaks] = Speech titled "The Federal Reserve's Monetary Policy Toolkit" at the Federal
Reserve Bank of Kansas City Economic Symposium, in Jackson Hole
"Although fiscal policies and structural reforms can play an important
role in strengthening the U.S. economy, my primary message today is that
I expect monetary policy will continue to play a vital part in
promoting a stable and healthy economy. New policy tools, which helped
the Federal Reserve respond to the financial crisis and Great Recession,
are likely to remain useful in dealing with future downturns.
Additional tools may be needed and will be the subject of research and
debate. But even if average interest rates remain lower than in the
past, I believe that monetary policy will, under most conditions, be
able to respond effectively."
AUDUSD Technical Analysis 2016, 28.08 - 04.09: daily correction to the possible bearish reversal
Sergey Golubev, 2016.08.27 15:03
Daily price is breaking 0.7583 support level to below for the daily secondary correction within the primary bullish trend.
The bearish reversal level is 0.7420 support, and if the price breaks this level to below so the bearish reversal will be started.