My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 31

 

EUR/USD, forecast on Tuesday, 11/26/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue in case the market rises above resistance level 1.3555, which will be followed by reaching resistance level 1.3595 and then to 1.3650.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.3485, which will be followed by moving down to support level 1.3435 and then to 1.3355.

S/R levels:

Resistances: 1.3555 (main), 1.3575, 1.3595 (strong), 1.3650

Supports: 1.3535, 1.3485 (main), 1.3435, 1.3350 (strong)

GBP/USD, forecast on Tuesday, 11/26/13

Main scenario:

The pair is trading along an uptrend with target on the resistance level 1.6225.

The uptrend may be expected to continue in case the market rises above resistance level 1.6225, 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 1.6140, which will be followed by moving down to support level 1.6100 and then to 1.6000.

S/R levels:

Supports: 1.6140 (main), 1.6100, 1.6000

Resistances: 1.6225 (main), 1.63000 (strong)

GOLD, forecast on Tuesday, 11/26/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue in case the market rises above resistance level 1255, which will be followed by reaching resistance level 1270.

Alternative scenario:

An downtrend is not expecting today.

S/R levels:

Supports: 1242, 1235 (strong)

Resistances: 1255 (main), 1270 (strong)

 

EUR/USD, Weekly Forecast, 02 - 06 December

Main scenario:

The pair is trading along an sideways trend.

An downtrend will start as soon, as the pair drops below support level 1.3500, which will be followed by moving down to support level 1.3355.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.3605, which will be followed by moving up to resistance level 1.3735.

S/R levels:

Resistances: 1.3575 (strong), 1.3605 (main), 1.3650, 1.3680, 1.3735

Supports: 1.3500 (main), 1.3435, 1.3355 (strong)

GBP/USD, Weekly Forecast, 02 - 06 December

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue in case the market rises above resistance level 1.6470, which will be followed by reaching resistance level 1.6700.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.6290, which will be followed by moving down to support level 1.6170 and then to 1.6040.

S/R levels:

Supports: 1.6290 (main), 1.6170 (strong), 1.6040 (strong)

Resistances: 1.6470 (main), 1.6700 (strong)

GOLD, Weekly Forecast, 02 - 06 December

Main scenario:

The pair is trading along an sideways trend.

The downtrend may be expected to continue in case the market drops below support level 1236, which will be followed by reaching support level 1200.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1251, which will be followed by moving up to resistance level 1270 and then to 1289. And if it keeps on moving up above that level, we may expect the pair to reach resistance level 1330.

S/R levels:

Supports: 1236 (main), 1221 (strong), 1200

Resistances: 1251 (main), 1270 (strong), 1289 (main), 1330 (strong)

 

EUR/USD, forecast on Tuesday, 12/03/13

Main scenario:

The pair is trading along an sideways trend.

An downtrend will start as soon, as the pair drops below support level 1.3500, which will be followed by moving down to support level 1.3435.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.3605, which will be followed by moving up to resistance level 1.3680.

S/R levels:

Resistances: 1.3575, 1.3605 (main), 1.3650, 1.3680

Supports: 1.3515 - 1.3500 (main), 1.3435

GBP/USD, forecast on Tuesday, 12/03/13

Main scenario:

The pair is trading along an sideways trend.

An downtrend will start from resistance level 1.6390, which will be followed by moving down to support level 1.6290.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.6390, which will be followed by moving up to resistance level 1.6470.

S/R levels:

Supports: 1.6290 (strong), 1.6225

Resistances: 1.6390 (main), 1.6470

GOLD, forecast on Tuesday, 12/03/13

Main scenario:

The pair is trading along an downtrend.

The downtrend may be expected to continue in case the market drops below support level 1221, which will be followed by reaching support level 1200.

Alternative scenario:

Uptrend is not expecting today, as maximum we can have some not big correction.

S/R levels:

Supports: 1221 (main), 1200

Resistances: 1236 (strong), 1251

 

EUR/USD, forecast on Thursday, 12/05/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1.3575, which will be followed by reaching resistance level 1.3680 and then to 1.3735.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.3540, which will be followed by moving down to support 1.3435.

S/R levels:

Resistances: 1.3650, 1.3680, 1.3735

Supports: 1.3605, 1.3575 (strong), 1.3540 (main), 1.3500, 1.3435

GBP/USD, forecast on Thursday, 12/05/13

Main scenario:

The pair is trading along an sideways trend.

An uptrend will start as soon, as the pair rises above resistance level 1.6420, which will be followed by moving up to resistance level 1.6540.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.6320, which will be followed by moving down to support level 1.6170.

S/R levels:

Supports: 1.6320 (main), 1.6290, 1.6225, 1.6170 (strong)

Resistances: 1.6390, 1.6420 (main), 1.6470, 1.6540

GOLD, forecast on Thursday, 12/05/13

Main scenario:

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1236, which will be followed by reaching support level 1223.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1236, which will be followed by moving up to resistance level 1251 and if it keeps on moving up above that level, we may expect the pair to reach resistancet level 1270.

S/R levels:

Supports: 1223 (strong), 1208

Resistances: 1236 (main), 1251 (strong), 1270

 

EUR/USD, forecast on Friday, 12/06/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1.3605, which will be followed by reaching resistance level 1.3735 and then to 1.3800.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.3605, which will be followed by moving down to support 1.3515.

S/R levels:

Resistances: 1.3680, 1.3735, 1.3800

Supports: 1.3650, 1.3605 (main), 1.3575, 1.3540, 1.3515

GBP/USD, forecast on Friday, 12/06/13

Main scenario:

The pair is trading along an sideways trend.

An uptrend started from support level 1.6320, which will be followed by moving up to resistance level 1.6470 and then to 1.6540.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.6290, which will be followed by moving down to support level 1.6170.

S/R levels:

Supports: 1.6320, 1.6290 (main), 1.6225, 1.6170 (strong)

Resistances: 1.6390, 1.6420, 1.6470 (strong), 1.6540

GOLD, forecast on Friday, 12/06/13

Main scenario:

The pair is trading along an sideways trend.

An uptrend will start as soon, as the pair rises above resistance level 1236, which will be followed by moving up to resistance level 1251.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1218, which will be followed by moving down to support level 1208 and then to 1200.

S/R levels:

Supports: 1223 (strong), 1218 (main), 1208, 1200

Resistances: 1236 (strong), 1243, 1251

 

EUR/USD, forecast on Monday, 12/09/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1.3650, which will be followed by reaching resistance level 1.3800.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.3650, which will be followed by moving down to support 1.3605.

S/R levels:

Resistances: 1.3725, 1.3800 (strong)

Supports: 1.3650 (main), 1.3605, 1.3575 (strong)

GBP/USD, forecast on Monday, 12/09/13

Main scenario:

The pair is trading along an sideways trend.

An uptrend will start from current level 1.6375, which will be followed by moving up to resistance level 1.6420 and then to 1.6470.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.6315, which will be followed by moving down to support level 1.6250.

S/R levels:

Supports: 1.6315 (main), 1.6250

Resistances: 1.6390 (strong), 1.6470 (strong)

GOLD, forecast on Monday, 12/09/13

Main scenario:

The pair is trading along an sideways trend.

An uptrend will start as soon, as the pair rises above resistance level 1236, which will be followed by moving up to resistance level 1251.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1218, which will be followed by moving down to support level 1208 and then to 1200.

S/R levels:

Supports: 1223 (strong), 1218 (main), 1208, 1200

Resistances: 1236 (strong), 1243, 1251

 

EUR/USD, forecast on Thursday, 12/12/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1.3750, which will be followed by reaching resistance level 1.3850.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.3750, which will be followed by moving down to support 1.3650.

S/R levels:

Resistances: 1.3800 (strong), 1.3850 (strong)

Supports: 1.3730 (main), 1.3650

GBP/USD, forecast on Thursday, 12/12/13

Main scenario:

The pair is trading along an uptrend.

The uptrend may be expected to continue while pair is trading above support level 1.6315, which will be followed by reaching resistance level 1.6470.

Alternative scenario:

Downtrend is not expecting today.

S/R levels:

Supports: 1.6390, 1.6315 (main)

Resistances: 1.6445, 1.6470 (strong)

GOLD, forecast on Thursday, 12/12/13

Main scenario:

The pair is trading along an downtrend.

An uptrend will start from support level 1236, which will be followed by moving up to resistance level 1243 and 1251.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1233, which will be followed by moving down to support level 1222.

S/R levels:

Supports: 1236, 1233 (main), 1222

Resistances: 1243, 1251, 1262

 

EUR/USD, forecast on Friday, 12/13/13

Main scenario:

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.3800, which will be followed by reaching support level 1.3650.

Alternative scenario:

Uptrend is not expecting today, but possible to have correction on resistance level 1.3785/1.3800.

S/R levels:

Resistances: 1.3750, 1.3785, 1.3800 (main), 1.3850

Supports: 1.3650 (strong)

GBP/USD, forecast on Friday, 12/13/13

Main scenario:

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.6360, which will be followed by reaching support level 1.6225 and then to 1.6170.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.6360, which will be followed by moving up to resistance level 1.6470.

S/R levels:

Supports: 1.6225, 1.6170 (support)

Resistances: 1.6360 (main), 1.6470 (strong)

GOLD, forecast on Friday, 12/13/13

Main scenario:

The pair is trading along an sideways trend.

The downtrend may be expected to continue in case the market drops below support level 1219, which will be followed by reaching support level 1208.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1233, which will be followed by moving up to resistance level 1243.

S/R levels:

Supports: 1222, 1219 (main), 1208

Resistances: 1233 (strong), 1243, 1251

 

EUR/USD, Weekly Forecast, 16 - 20 December

Main scenario:

The pair is trading along an uptrend.

Uptrend continuation I'm not expecting, because of too much strong resistances levels on 1.3800, 1.3850, 1.3920.

Alternative scenario:

An downtrend is started from resistance level 1.3800, which will be followed by moving down to support level 1.3575.

S/R levels:

Resistances: 1.3800 (strong), 1.3850 (strong), 1.3920 (strong)

Supports: 1.3650, 1.3575 (strong)

GBP/USD, Weekly Forecast, 09 - 13 December

Main scenario:

The pair is trading along an downtrend.

The downtrend may be expected to continue while pair is trading below resistance level 1.6400, which will be followed by reaching support level 1.6170, 1.6040.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.6400, which will be followed by moving up to resistance level 1.6600.

S/R levels:

Supports: 1.6170 (strong), 1.6040 (strong)

Resistances: 1.6400 (main), 1.6470, 1.6600 (strong)

GOLD, Weekly Forecast, 16 - 20 December

Main scenario:

The pair is trading along an sideways trend.

The uptrend may be expected to continue while pair is trading above support level 1222, which will be followed by reaching resistance level 1251.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1222, which will be followed by moving down to support level 1200.

S/R levels:

Supports: 1233, 1222 (main), 1208, 1200

Resistances: 1251 (strong), 1270 (strong)

 

USD/JPY Outlook January 6-10

USD/JPY did not show much movement over the week, posting modest losses. The pair did drop close to the 104 line on Friday, but then bounced higher, closing the week at 104.85. The upcoming week has just three releases. Here is an outlook on the major market-movers and an updated technical analysis for USD/JPY.

It was a very quiet week in Japan, with the markets on holidays for most of the week and no Japanese releases. In the US, Unemployment Claims looked sharp for the second straight week and the Fed starts tapering QE in January.

  1. Monetary Base: Monday, 23:50. As part of Japan’s aggressive monetary policy, Monetary Base continues to increase. The November reading jumped to 52.5%, up from 45.8% the previous month. The estimate stood at 47.2%. The upward trend is expected to continue, with the estimate standing at 55.2%.
  2. 10-year Bond Auction: Tuesday, 3:45. The average yield on 10-year bonds has shown modest movement in recent releases, with the previous release coming in at 0.65%. The markets are not expecting any dramatic movement in upcoming release.
  3. Leading Indicators: Friday, 5:00. This index is based on 11 economic indicators, but has a minor impact on USD/JPY since most of the data has already been previously released. The indicator has been very steady, with the past two reading coming in just below the 110% level. The markets are expecting a slight increase for the December reading, with an estimate of 110.9%.

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