My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 30
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EUR/USD, forecast on Friday, 11/08/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.3470, which will be followed by moving up to resistance level 1.3575 and then to 1.3650.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3330, which will be followed by moving down to support level 1.3220.
S/R levels:
Resistances: 1.3470 (main), 1.3515, 1.3575 (strong), 1.3650
Supports: 1.3380, 1.3330 (main), 1.3300, 1.3220 - 1.3200 (strong)
GBP/USD, forecast on Friday, 11/08/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.6115, which will be followed by moving up to resistance level 1.6170 and then to 1.6250.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.6010, which will be followed by moving down to support level 1.5945 and then to 1.5890.
S/R levels:
Supports: 1.6010 (main), 1.5945, 1.5890
Resistances: 1.6115 (main), 1.6170, 1.6250
GOLD, forecast on Friday, 11/08/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1318, which will be followed by moving up to resistance level 1330 and then to 1341.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1303, which will be followed by moving down to support level 1293 - 1287.
S/R levels:
Supports: 1303 (main), 1293 - 1287 (strong)
Resistances: 1318 (main), 1330 (strong), 1341
EUR/USD, forecast on Tuesday, 11/12/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start from support level 1.3380, which will be followed by moving up to resistance level 1.3470 - 1.3515.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3330, which will be followed by moving down to support level 1.3200.
S/R levels:
Resistances: 1.3470, 1.3515, 1.3575 (strong)
Supports: 1.3380, 1.3330 (main), 1.3200 (strong)
GBP/USD, forecast on Tuesday, 11/12/13
Main scenario:
The pair is trading along an downtrend.
An uptrend will start from support level 1.5890 - 1.5920, which will be followed by moving up to resistance level 1.6010 and then to 1.6090.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.5890, which will be followed by moving down to support level 1.5800.
S/R levels:
Supports: 1.5920, 1.5890 (strong), 1.5800
Resistances: 1.6010, 1.6090
GOLD, forecast on Tuesday, 11/12/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1318, which will be followed by moving up to resistance level 1330 and then to 1341.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1303, which will be followed by moving down to support level 1293 - 1287.
S/R levels:
Supports: 1303 (main), 1293 - 1287 (strong)
Resistances: 1318 (main), 1330 (strong), 1341
USD/CHF
The pair has left the descending channel at a daily chart.
It will probably return to the downward movement if it gets back below the cloud.
If it grows quiclky, the pair is expected to slow down and consolidate. The consolidation is possible with a pullback to 0.9180 and 0.9126. In the case of a return to growth, the pair will go to 0.9240. The second target is 0.9280.
EUR/JPY
The JPY fell to a two-month low against the USD, amid the Japanese stock market growth.
After overcoming the mark 99.00 the pair's future looks quite positive, and a medium-term growth will most likely continue up to 103.75.
However, if the pair breaks 100.60 minor resistance, another confirmation of the uptrend will be expected.
GBP/USD
It was spotted that the pound actually fell to a two-month low against the dollar after the release of weak CPI report but then the pound managed to recover some of its losses.
Now the pair is trying to move below the 1.5890 support. If it succeeds, the potential falling to 1.5550 will be confirmed. Then it is expected to return to a growth.
EUR/USD
So Euro has been continuing growing for the third day in a roll. This opens the way for further short-term recovery in the direction of 1.3560.
However, it was said that the interest rates will probably be changed.
So the bullish scenario seems logical so far.
EUR/USD
The dollar fell even more at the end of the day, right after the publication of the Yellen's speech before the Senate.
The pair continued its recovery towards 1.3565. The trend reversal down with an attempt to test 1.3235 or 1.3100 support is quite possible.
If the trend line 1.3495 is not breached, there will be a bounce down to support level 1.3350, and retest of 1.3315.
GBPUSD
The pound rose significantly following the publication of a positive unemployment forecast and BOE Inflation Report.
It continues to strengthen against the U.S. dollar.
the upper limit of the channel (1.6070) could be the first obstacle for the currency. If this level is broken the pair will probably grow to the level 1.6200.
If the price consolidates below 1.5950, we will get a good signal for the downward movement.
EUR/USD
During the last week the pair was traded in the up trend and now is slowly recovering after the Central Bank cut its key interest rate to 0.25%.
The pair is strengthening on the approach to the level 1.3500, and quite soon, it keeps the ability to go on recovering towards 1.3565.
GBP/USD
So nothing affected the growth of GBP.
The pair keeps strengthening, and if it breaks the level 1.6300-1.6360 it may go to the key resistance 1.6750.
If GBPUSD comes back below the 1.6040 the upward correction will probably be done.
Good luck!
USD/JPY
The yen continues to weaken.
Strong technical resistance levels near the psychological 100.00 stopped the pair and caused a decline. The pair hit 100 for the first time since September 11.
The pair went on with its recovery and moved to the secondary resistance 100.60. Its overcoming will be another signal that confirms the uptrend with the goal to testing the maximum 103.75.
EUR/USD, forecast on Monday, 11/18/13
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.3455, which will be followed by reaching resistance level 1.3575.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3455, which will be followed by moving down to support level 1.3390 - 1.3355.
S/R levels:
Resistances: 1.3515, 1.3575 (strong)
Supports: 1.3455 (main), 1.3390, 1.3335 (strong)
GBP/USD, forecast on Monday, 11/18/13
Main scenario:
The pair is trading along an uptrend with target on the resistance level 1.6170.
The uptrend may be expected to continue in case the market rises above resistance level 1.6170, which will be followed by reaching resistance level 1.6250.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.6095, which will be followed by moving down to support level 1.5995.
S/R levels:
Supports: 1.6095 (main), 1.5995, 1.5920 (strong)
Resistances: 1.6170 (strong), 1.6250
GOLD, forecast on Monday, 11/18/13
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1289, which will be followed by moving up to resistance level 1303.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1282, which will be followed by moving down to support level 1273.
S/R levels:
Supports: 1282 (main), 1273 (strong)
Resistances: 1289 (main), 1303
EUR/USD, forecast on Monday, 11/25/13
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.3575, which will be followed by reaching resistance level 1.3650.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3535, which will be followed by moving down to support level 1.3485 and then to 1.3435.
S/R levels:
Resistances: 1.3575 (main), 1.3650
Supports: 1.3535 (main), 1.3485, 1.3435
GBP/USD, forecast on Monday, 11/25/13
Main scenario:
The pair is trading along an uptrend with target on the resistance level 1.6250.
The uptrend may be expected to continue in case the market rises above resistance level 1.6250, which will be followed by reaching resistance level 1.6300.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.6175, which will be followed by moving down to support level 1.6100.
S/R levels:
Supports: 1.6205, 1.6175 (main), 1.6100
Resistances: 1.6250, 1.6300 (strong)
GOLD, forecast on Monday, 11/25/13
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1253, which will be followed by reaching support level 1235.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1253, which will be followed by moving up to resistance level 1270.
S/R levels:
Supports: 1235 (strong)
Resistances: 1253 (main), 1270 (strong)