My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD - page 19

 

EURUSD

Current trend is sideways.

The downward trend can start its development in a case of the pair movement below the level of 1.3131, after that the arrival on the support level of 1.3000 will happen.

Upward trend can start its development in a case of the pair movement higher the level of 1.3228, after that the arrival on the resistance level of 1.3305 and 1.3400 will happen.

GBPUSD

Current trend is sideways.

The downward trend can start its development in a case of the pair movement below the level of 1.5817, after that the arrival on the support level of 1.5650 will happen.

Upward trend can start its development in a case of the pair movement higher the level of 1.5964, after that the arrival on the resistance level of 1.6100 will happen.

GOLD

Current trend is sideway.

The downward trend can start its development in a case of the pair movement below the level of 1186.50, after that the arrival on the support level of 1161 will happen.

The ascending trend can start its development in a case of the pair movement higher the level of 1203.50, after that the arrival on the resistance level of 1215.

 

EURUSD

Current trend is sideways.

The downward trend can start its development in a case of the pair movement below the level of 1.3233, after that the arrival on the support level of 1.3131 will happen.

Upward trend can start its development in a case of the pair movement higher the level of 1.3305, after that the arrival on the resistance level of 1.3305 and 1.3393 will happen.

GBPUSD

Current trend is sideways.

The downward trend can start its development in a case of the pair movement below the level of 1.5930, after that the arrival on the support level of 1.5817 will happen.

Upward trend can start its development in a case of the pair movement higher the level of 1.6015, after that the arrival on the resistance level of 1.6150 will happen.

GOLD

Current is ascending with target on the level 1216.50.

The downward trend can start its development in a case of the pair movement below the level of 1198, after that the arrival on the support level of 1190 will happen.

 

EURUSD

Current trend is descending.

The downward trend can start its development in a case of the pair movement below the level of 1.3135, after that the arrival on the support level of 1.3000 will happen.

Upward trend can start its development in a case of the pair movement higher the level of 1.3340, after that the arrival on the resistance level of 1.3305 and 1.3393 will happen.

GBPUSD

Current trend is descending with target 1.5647

Upward trend can start its development in a case of the pair movement higher the level of 1.5830, after that the arrival on the resistance level of 1.5963 will happen.

GOLD

Current trend is ascending.

The downward trend can start its development in a case of the pair movement below the level of 1195.50, after that the arrival on the support level of 1189 will happen.

The ascending trend can start its development in a case of the pair movement higher the level of 1205, after that the arrival on the resistance level of 1211.50 will happen.

 

EURUSD

Current trend is ascending.

Also Upward trend can start its development in a case of the pair movement higher the level of 1.2895, after that the arrival on the resistance level of 1.3040 will happen.

Supports: 1.2826 and 1.2750

Resistances 1.2895 and 1.3040

GBPUSD

Current trend is descending with target on the support level 1.5448.

Upward trend can start its development in a case of the pair movement higher the level of 1.5683, after that the arrival on the resistance level of 1.5880 will happen.

Supports: 1.5448

Ressitances: 1.5567, 1.5610 and 1.5683

GOLD

Current trend is descending with target on the levels 1212 and 1205.

Supports: 1212, 1205 and 1200

Resistances: 1228, 1233, 1242

 

NZDUSD is the most independent movement pair

tell us whether you could catch any profit, after the NEWS released (and did you have any delay in getting news at outbreak time) -- I do have doubt that you can profit by trading NZD

 

The euro is testing the rising trendline; penetration would indicate that the recent rally has

weakened, and reversal below 1.2500 would indicate another test of primary support at 1.1900.

I remain bearish on EUR/USD.

"P&F EURUSD5 Box Size 25X3 or(0.58%) HI/LO

Data 1.3333 - 1.2663 ~ 1 Month ~ 23.49 Day

Database 5000 records 1.27105 (Last Close)

2010-07-28 11~15

2010-08-20 22~55 (GMT+01:00) Paris

MDunleavy chart" (See attached)

Excel Chart. Full size attached.

Files:
 
 

EURUSD

Current trend is sideways.

Upward trend can start its development in a case of the pair movement higher the level of 1.790, after that the arrival on the resistance level of 1.2890 will happen.

Downtrend can start its development from this levels with target on 1.2655 and in a case of the pair movement lower the level of 1.2655, after that the arrival on the support level of 1.2500 will happen.

Supports: 1.2655, 1.2500

Ressitances: 1.2750, 1.2790, 1.2890

GBPUSD

Current trend is descending.

Upward trend can start its development in a case of the pair movement higher the level of 1.5560, after that the arrival on the resistance level of 1.5660 will happen.

Downtrend can start its development from this levels with target on 1.5400.

Supports: 1.5465, 1.5400

Ressitances: 1.5560, 1.5660

GOLD

Current trend is sideways.

Upward trend can start its development in a case of the pair movement higher the level of 1242, after that the arrival on the resistance level of 1255 will happen.

Downtrend can start its development in a case of the pair movement lower the level of 1233, after that the arrival on the support level of 1224 and 1218 will happen.

Supports: 1233, 1224, 1218

Ressitances: 1242, 1255

 

The Yen opened the last week, on a weak note following an emergency meeting of the Bank of Japan, that announced more liquidity measures. Also the government said that it was planning more stimulus for the economy. A few hours after the Yen not only recovered lost ground but was testing 15-year lows.

Despite improvement in market sentiment and rising government bond yields as the week went by, the USD/JPY did not rise and moved in ranges below 84.60

On Friday, after the NFP report, the pair jumped to 85.20 but reversed sharply and pulled back to 84.20 to finish the week below 84.50.

The dollar broke through primary support at 85.00 and is headed for a test of support at the 1995 low of 80.00 The Bank of Japan threatens to intervene to prevent further appreciation, but there are doubts about the political will to do so. Recovery above 88.00 is unlikely at this stage, but would warn that the down-trend is weakening.

I believe that we can consider the possibility of opening long positions. Details on the chart.

"P&F USDJPY1 Box Size 10X3 or(0.35%) HI/LO

Data 85.894 - 83.666 ~ 0.31 Month ~ 9.02 Day

Database 12000 records 84.297 (Last Close)

2010-08-25 22~24

2010-09-03 22~59 (GMT+01:00) Paris

BJF Trading Group MDunleavy chart"

85.90|~1O|||______+_______________________|-0.01%|2.67%

85.80|~2O|||______x_o_____________________|0.11%|2.55%

85.70|~3O|||______x_o_+___________________|0.23%|2.43%

85.60|~4O|||______x_o___+_________________|0.34%|2.31%

85.50|~5O|||______x_o_____+_______________|0.46%|2.19%

85.40|~6O|||______x_o_______+_____________|0.58%|2.07%

85.30|~7O|||______x_o_________+_______+___|0.69%|1.95%

85.20|~8O|||______x_o___________+_____x_+_|0.81%|1.83%

85.10|~9O|||______x_o_____________+___x_o_|0.92%|1.71%

85.00|~1OO||__x___x_o_______________+_x_o_|1.04%|1.59%

84.90|~11O||__x_o_x_o_________________x_o_|1.16%|1.47%

84.80|~12O||o_x_o_x_o_________________x_o_|1.27%|1.36%

84.70|~13O||o_x_o_x_o_________________x_o_|1.39%|1.24%

84.60|~14O||o_x_o_x_o_____________x___x_o_|1.51%|1.12%

84.50|~15O||o_x_o___o_x___x___x___x_o_x_o_|1.62%|1%

84.40|~16O||o_x_____o_x_o_x_o_x_o_x_o_x_o_|1.74%|0.88%

84.30|~17O||o_______o_x_o_x_o_x_o_x_o_x_o_|1.86%|0.76%

84.20|~18O||________o_x_o___o_x_o_x_o_x___|1.97%|0.64%

84.10|~19O||________o_______o_x_o_x_o_x___|2.09%|0.52%

84.00|~2OO||________________o_x_o_x_o___+_|2.21%|0.4%

83.90|~21O||________________o___o_x___+___|2.32%|0.28%

83.80|~22O||____________________o_x_+_____|2.44%|0.16%

83.70|~23O||____________________o_+_______|2.55%|0.04%

83.60|~24O||____________________+_________|2.67%|-0.08%

Column||||||6_7_5_1_1_4_3_3_6_6_8_9_6_1_9_|

Count|||||||______3_8_________________2___|

BJF Trading Group. Excel Chart. Full size attached.

Files: