EURUSD - Trends, Forecasts and Implications (Part 1) - page 981

 
Revisited... Most likely, as you say, it will end up around 34 and a penny. It's interesting how you look at the waves from different angles and already see a very different picture.
 

I don't get it-what's wrong with the pound?

 
ya_kutka >>:
Пересмотрела... Скорее всего, как Вы и говорите, закончится все около 34 с копейками. Интересно, как под разным углом на волны посмотришь, и уже видишь со-всем по другому.

The truth is that no one knows where it all starts and where it all ends, it is not a fact that there will be a 1.34, nor is it a fact that everyone will. One can only speculate on price movements. Because I was just paying my attention to the spread in your assumption - either ~50p up or ~1200p down. The distances to the limits are a bit different and that's all.

 
Fraktal >>:

Не пойму-что с фунтом?

 
Fraktal >>:

Не пойму-что с фунтом?

If it gets to that level, it will stop there ..... how much longer I can't say

 
Fraktal >>:

Не пойму-что с фунтом?

The five will probably finish and go down, and the eu seems to be waiting for the pound to turn down...

 

Current picture.... Probably heading towards 1.3584.


 

I have been twisting and turning and it looks like the U-turn on the Eura will be at the end of March and the beginning of April.

 
NikT_58 >>:

Крутил я тут вертел и получается у меня, что разворот по Евре будет в конце марта начале апреля.



Looks like it... We need to keep an eye on the positions of the big players on.....

 

Axel

Dow Jones Newswires column by Francis Bray, MSc Technical Analyst /MSTA/

LONDON, Feb 12 (ANI). /Dow Jones/. Moving charts for 24 hours:

Spot Quotes: EUR/USD pair U.S. dollar/Japanese yen GBP/USD currency pair USD/Swiss franc pair
Spot at 05.47 GMT 1.3668 89.69 1.5699 1.0715
Three day trend Down Down Down Up
Weekly trend Down Down Down Up
200 dn cfr. 1.4294 92.24 1.6158 1.0540
3rd resistance 1.3802 90.15 1.5845 1.0800
2nd resistance 1.3753 90.05 1.5766 1.0783
1st resistance 1.3696 89.89 1.5717 1.0726
Pivot point* 1.3697 89.83 1.5660 1.0705
1st support 1.3585 89.57 1.5560 1.0691
2nd support 1.3537 89.25 1.5537 1.0629
3rd support 1.3500 88.82 1.5500 1.0609

EUR/USD during the day: The pair continued to decline from Tuesday's high of 1.3840 and is targeting the February 5 low of 1.3585. The threat from Thursday's lower high of 1.3802 indicates that there is room for further declines towards new 8-9 month lows around 1.3537 and the psychologically important 1.3500 level. A rise above 1.3696 would give the pair some respite, but only a rise above 1.3753 would indicate the possibility of a lower high of 1.3802.

EUR/USD on the weekly chart: Downtrend.

US Dollar/Japanese Yen during the day: The pair should continue to decline from Thursday's high of 90.15 after failing to reach a key upside target. There is a threat of a fall below 89.57 to 89.25. However, there is room for a higher low of 88.82. To get a breather, the pair needs to rise above 89.89 and a rise above 90.15 would change the negative outlook.

US Dollar/Japanese Yen pair on the weekly chart: Downtrend.

GBP/USD during the day: The pair showed a corrective rise from Thursday's level of 1.5560 and thus defended the weekly low of 1.5539, again putting pressure on Wednesday's high of 1.5766. However, the downside investors, who are now dominating the market, will want to limit the pair's rise below 1.5766 to protect the former range lows at 1.5834, as a break of 1.5766 would indicate a bearish failure low at 1.5537.

GBP/USD pair on the weekly chart: Downtrend.

US Dollar/Swiss Franc pair during the day: The pair is showing a decline from Thursday's level of 1.0783 as a sideways consolidation below the February 5 high of 1.0800 should lead to further declines to the 1.0691 area. A break below that level is also likely, which would target the pair to the lows of the 1.0609-1.0629 area. Only a break-up of 1.0783 will make the pair's prospects positive, aiming at 1.0800-1.0810.

USD/Swiss franc pair on the weekly chart: Uptrend.

Spot Quotes: Euro/British Pound pair. Euro/Japanese Yen Euro/Swiss franc pair AUD/USD pair
Spot on 06.08 GMT 0.8711 122.68 1.4650 0.8906
Three day trend Down Down Side trend Up
Weekly trend Down Down Down Down
200dn cfr. 0.8848 131.74 1.5041 0.8617
3rd resistance 0.8841 124.28 1.4715 0.8984
2nd resistance 0.8788 123.66 1.4692 0.8954
1st resistance 0.8754 122.95 1.4675 0.8924
Pivot point* 0.8754 123.03 1.4663 0.8858
1st support 0.8701 122.05 1.4645 0.8800
2nd support 0.8689 121.62 1.4604 0.8711
3rd support 0.8631 120.70 1.4551 0.8617

Euro/British Pound pair during the day: The inverted head-and-shoulders pattern is wiped out and further pressure is expected on the higher February 5 low of 0.8689. There is room for a deeper drop to the higher low of 0.8631, which protects the January 28 low of 0.8603. The upside risk is minimal and gains in the pair should be limited below 0.8754.

Euro/British Pound pair on the weekly chart: Downtrend.

Euro/Japanese Yen during the day: Thursday's decline confirmed Wednesday's "Evening Star" pattern and there is a threat of further declines below 122.05, which will target the pair to a higher low of 121.62. A full upside correction from 120.70 cannot be ruled out amid the dominance of market participants betting on declines. A rise above 122.95 would give the pair some relief, but only a rise above 123.66 would indicate a return of the pair to the high of 124.28.

Euro/Japanese Yen on the weekly chart: Downtrend.

Euro/Swiss franc pair during the day: The pair continues to trade in a range between 1.4645 and 1.4692 after rising to 1.4905 on intervention. However, the dominant trend is downtrending and the 1.4645 level is likely to be broken, after which the pair will target the 1.4604 area. A break above 1.4675 would only delay the threat of a fall, with the 1.4692 level likely to limit the corrective rise.

Euro/Swiss Franc on the weekly chart: Downtrend.

AUD/USD on the day: The pair remains strong after Thursday's significant rise, which put the February 2 lower high at 0.8924 within reach. Just above that is 0.8954, the retracement level of the 50% wider decline from 0.9330 to 0.8578. In case of a fall, the pair will face support as long as it trades above 0.8800, protecting 0.8711.

Australian Dollar/US Dollar pair: Downtrend.

*The pivot point is calculated as the sum of the high, the low and the closing level, divided by three.

-Author Francis Bray, Dow Jones Newswires; +44 207 842 9249; francis.bray @ dowjones.com; translation by PRIME-TASS; +7 495 974 7664; dowjonesteam @ prime-tass.com.