EURUSD - Trends, Forecasts and Implications (Part 1) - page 894

New comment
 

as the turkey of the dollar's strength timidly suggests its weakness...

imho

 
I don't. Weakness is when the dollar is falling. It seems to be rising.
 

The EUR check will be at 1.4350.

In my opinion from there we will go to 1.3800

 

My view on GBPUSD (H1) is basic:

Alternative scenario: Decline by the size of the pullback and further gains

 

EURUSD forecast by Box Jenkins on 26.01.2010:

USD strengthening

 
Let's get on the train citizens don't be late!
 
TEHANALYSIS OF THE EUROPEAN CURRENCY MARKETS:
Euro/yen pair targets 125.5

LONDON, Jan 26 (ANI). /Dow Jones/. Moving charts for 24 hours:
Spot quotes: EUR/USD USD/JPY GBP/USD USD/CHF
Spot on 06.06 GMT 1.4085 89.77 1.6211 1.0445
Three-day trend Down Down Lateral trend Up
Weekly trend Down Down Down Up
200 dn Scol.cp 1.4355 92.59 1.6209 1.0533
3rd resistance 1.4252 91.18 1.6394 1.0509
2nd resistance 1.4195 90.89 1.6283 1.0497
1st resistance 1.4131 90.56 1.6266 1.0484
Pivot point* 1.4153 90.14 1.6202 1.0395
1st support 1.4029 89.53 1.6127 1.0403
2nd support 1.4000 89.30 1.6080 1.0368
3rd support 1.3911 88.84 1.6000 1.0312

Quotes on the spot: EUR/GBP EUR/JPY EUR/CHF AUD/USD
Spot as of 06.28 GMT 0.8690 126.31 1.4713 0.8972
Three-day trend Down Down Down Down
Weekly trend Down Down Down Lateral trend
200-Day Scol. cf. 0.8864 132.76 1.5090 0.8588
3rd resistance 0.8853 129.50 1.4772 0.9144
2nd resistance 0.8794 128.38 1.4747 0.9093
1st resistance 0.8750 127.25 1.4735 0.9025
Pivot point* 0.8737 127.53 1.4720 0.9177
1st support 0.8674 126.00 1.4692 0.8941
2nd support 0.8651 125.50 1.4672 0.8903
3rd support 0.8570 124.38 1.4590 0.8877
 

Published 09:38 26.01.2010

Hello!

Activity in the FOREX remains low. The EUR/USD yesterday stabilised in the middle of the daily range of 1.4127-1.4191. Today in the Asian session the price went down, as I had anticipated few days before. The expected level is 1.4040/1.4030, after which the pair in my opinion will start a medium-term rise to 1.44 and higher.

Some support for the dollar was provided by the expectations that the current Fed Chairman Ben Bernanke will be confirmed for a second term. The attention of the players is concentrated on the outcome of the regular meeting of the US Federal Open Market Committee and also on the fundamental data, which will be released on Friday.

The pound/dollar pair gained over 160 points yesterday. The Pound was supported by the anticipation of a major takeover deal by US company Kraft Foods of British giant Cadburry. From a technical point of view, however, the pair is expected to decline. A lot of option expectations are at 1.6060/1.60. But in order to reach them, the support at 1.62 must be broken.

The AUDUSD is trading in a range of 0.90 to 0.9050. The level of 0.89 is no longer only a buyers' level, therefore its breakdown becomes more probable.

Have a nice day!

MFX FIBO Group analyst Mikael Nersesov

 
I keep hoping for an uptrend (estimated as 50/50), i.e. we started to draw the wave C of the flat ABC correction, it would be good to get above 1.4135, the uptrend will be very high.
In case of an over-performance I will look for a short point, if I am wrong, I will look for a long position or a short-short one.
 
1:50JPYCSPI y/y-1.5%-1.4%-2.2%
4:00NZDCredit Card Spending y/y1.8%1.5%
5:26JPYMonetary Policy Statement
5:26JPYOvernight Call Rate0.10%0.10%0.10%
9:00CHFUBS Consumption Indicator1.201.26
9:00EURGerman Import Prices m/m0.5%0.1%0.4%
9:19JPYBOJ Press Conference
9:45EURFrench Consumer Spending m/m2.1%0.7%0.1%
11:00EURGerman Ifo Business Climate95.294.7
11:00EURCurrent Account-3.1B-4.6B
11:00EURItalian Retail Sales m/m0.1%0.0%
11:30GBPPrelim GDP q/q0.4%-0.2%
11:30GBPBBA Mortgage Approvals46.0K44.7K
11:30GBPIndex of Services 3m/3m0.4%-0.2%
11:45GBPBOE Gov King Speaks
16:00USDS&P/CS Composite-20 HPI y/y-4.9%-7.3%
17:00USDCB Consumer Confidence53.652.9
17:00USDHPI m/m0.5%0.6%
17:00USDRichmond Manufacturing Index0-4
1...887888889890891892893894895896897898899900901...2305
New comment