http://forum.fxopen.com/ Market commentary and technical levels en Fri, 24 May 2013 06:31:01 GMT vBulletin 60 http://forum.fxopen.com/images/misc/rss.png http://forum.fxopen.com/ http://forum.fxopen.com/showthread.php?93209-USDCHF-Daily-Forecast-May-24&goto=newpost Fri, 24 May 2013 03:40:52 GMT *USDCHF Forecast* The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9632. The bias is neutral in nearest term. Price has... USDCHF Forecast
The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9632. The bias is neutral in nearest term. Price has been moving sideways this week without clear direction and momentum. I still prefer a bullish scenario at this phase but so far, weekly candle doesn’t seem to give enough support for bullish continuation scenario. Immediate support is seen around 0.9660. A clear break below that area could trigger further bearish pressure testing 0.9600. On the upside, a clear break above 0.9837 could trigger further bullish pressure testing 0.9900 or higher.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93209-USDCHF-Daily-Forecast-May-24 http://forum.fxopen.com/showthread.php?93208-USDJPY-Daily-Forecast-May-24&goto=newpost Fri, 24 May 2013 03:40:52 GMT *USDJPY Forecast* The USDJPY attempted to push lower yesterday bottomed at 100.82 but closed higher at 102.41 in a high volatile market. The bias is... USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 100.82 but closed higher at 102.41 in a high volatile market. The bias is bullish in nearest term testing 103.80 key resistance area (monthly EMA 200) which needs to be clearly broken to the upside to continue the bullish scenario. Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term testing 101.00 – 100.82 region or lower. I still prefer a bullish scenario at this phase but any consistent movement below 101.00 will interrupt the bullish scenario and could trigger further bearish pullback.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93208-USDJPY-Daily-Forecast-May-24 http://forum.fxopen.com/showthread.php?93207-GBPUSD-Daily-Forecast-May-24&goto=newpost Fri, 24 May 2013 03:40:52 GMT *GBPUSD Forecast* The GBPUSD was corrected higher yesterday topped at 1.5127. The bias is bullish in nearest term testing 1.5150 – 1.5200.* However... GBPUSD Forecast
The GBPUSD was corrected higher yesterday topped at 1.5127. The bias is bullish in nearest term testing 1.5150 – 1.5200.* However I still prefer a bearish scenario. Immediate support is seen around 1.5060. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish bias remains strong testing 1.5000 key support area or lower.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93207-GBPUSD-Daily-Forecast-May-24 http://forum.fxopen.com/showthread.php?93206-EURUSD-Daily-Forecast-May-24&goto=newpost Fri, 24 May 2013 03:40:52 GMT *EURUSD Forecast** ** The EURUSD failed to continue its bearish momentum yesterday topped at 1.2955. The bias is bullish in nearest term testing... EURUSD Forecast** *
The EURUSD failed to continue its bearish momentum yesterday topped at 1.2955. The bias is bullish in nearest term testing 1.3000/30 area. Price has been moving up and down without clear direction this week. I still prefer a bearish scenario but a clear break and daily/weekly close above 1.3000/30 will interrupt the bearish scenario and turn my intraday/short term technical bias to a bullish view. Immediate support is seen around 1.2895. A clear break below that area could lead price to neutral zone in nearest term testing 1.2850/00.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93206-EURUSD-Daily-Forecast-May-24 http://forum.fxopen.com/showthread.php?93179-USDCHF-Daily-Forecast-May-23&goto=newpost Thu, 23 May 2013 06:00:09 GMT *USDCHF Forecast* The USDCHF had a bullish momentum yesterday topped at 0.9837. The bias is bullish in nearest term testing 0.9900. Immediate... USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9837. The bias is bullish in nearest term testing 0.9900. Immediate support is seen around 0.9750. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 but any downside pullback now is normal and overall I still prefer a bullish scenario with buy on dips strategy.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93179-USDCHF-Daily-Forecast-May-23 http://forum.fxopen.com/showthread.php?93178-USDJPY-Daily-Forecast-May-23&goto=newpost Thu, 23 May 2013 06:00:09 GMT *USDJPY Forecast* The USDJPY had a bullish momentum yesterday topped at 103.69 but traded lower earlier today hit 102.46. The bias is neutral in... USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 103.69 but traded lower earlier today hit 102.46. The bias is neutral in nearest term. Overall I remain bullish and any downside pullback now is normal and should be seen as a good opportunity to buy. Immediate support remains around 102.00. On the upside, we have a major/important resistance around 103.80, the monthly EMA 200. That level could be a strong resistance at this phase, but a clear break above that area could trigger further bullish scenario.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93178-USDJPY-Daily-Forecast-May-23 http://forum.fxopen.com/showthread.php?93177-GBPUSD-Daily-Forecast-May-23&goto=newpost Thu, 23 May 2013 06:00:09 GMT *GBPUSD Forecast* The GBPUSD continued its bearish momentum yesterday and hit 1.5013 earlier today. The bias remains bearish in nearest term testing... GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday and hit 1.5013 earlier today. The bias remains bearish in nearest term testing 1.5000 – 1.4950 area. A clear break and daily close below that area could trigger further bearish pressure testing 1.4830 region. Immediate resistance is seen around 1.5060. A clear break above that area could lead price to neutral zone in nearest term testing 1.5100 but any upside pullback now is normal and should be seen as a good opportunity to sell.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93177-GBPUSD-Daily-Forecast-May-23 http://forum.fxopen.com/showthread.php?93176-EURUSD-Daily-Forecast-May-23&goto=newpost Thu, 23 May 2013 06:00:09 GMT *EURUSD Forecast** ** The EURUSD attempted to push higher yesterday topped at 1.2997 but whipsawed to the downside and hit 1.2823 earlier today. The... EURUSD Forecast** *
The EURUSD attempted to push higher yesterday topped at 1.2997 but whipsawed to the downside and hit 1.2823 earlier today. The bias is bearish in nearest term testing 1.2800 – 1.2740 area. Immediate resistance is seen around 1.2870. A clear break above that area could lead price to neutral zone in nearest term testing 1.2935/50. Overall I still prefer a bearish scenario with sell on rallies strategy.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93176-EURUSD-Daily-Forecast-May-23 http://forum.fxopen.com/showthread.php?93149-USDCHF-Daily-Forecast-May-22&goto=newpost Wed, 22 May 2013 06:00:29 GMT *USDCHF Forecast* The USDCHF attempted to push higher yesterday topped at 0.9749 but closed lower at 0.9691. The bias is neutral in nearest term.... USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9749 but closed lower at 0.9691. The bias is neutral in nearest term. Price has been moving sideways without clear direction since May 15. Immediate support is seen around 0.9675. A clear break below that area could trigger further bearish pressure testing 0.9630/00. On the upside, key intraday resistance remains around 0.9750 which needs to be clearly broken to the upside to continue the bullish scenario.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93149-USDCHF-Daily-Forecast-May-22 http://forum.fxopen.com/showthread.php?93148-USDJPY-Daily-Forecast-May-22&goto=newpost Wed, 22 May 2013 06:00:29 GMT *USDJPY Forecast* The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term.... USDJPY Forecast
The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support is seen around 102.00. A clear break below that area could trigger further bearish pressure testing 101.50. Immediate resistance is seen around 102.65 followed by 103.30. Overall I remain bullish and still prefer to buy on dips.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93148-USDJPY-Daily-Forecast-May-22 http://forum.fxopen.com/showthread.php?93147-GBPUSD-Daily-Forecast-May-22&goto=newpost Wed, 22 May 2013 06:00:29 GMT *GBPUSD Forecast* The GBPUSD regained its bearish momentum yesterday bottomed at 1.5113. The bias is bearish in nearest term testing 1.5050 –... GBPUSD Forecast
The GBPUSD regained its bearish momentum yesterday bottomed at 1.5113. The bias is bearish in nearest term testing 1.5050 – 1.5000. Immediate resistance is seen around 1.5175. A clear break above that area could lead price to neutral zone in nearest term testing 1.5250 but any upside pullback now is normal and should be seen as good opportunity to sell.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93147-GBPUSD-Daily-Forecast-May-22 http://forum.fxopen.com/showthread.php?93146-EURUSD-Daily-Forecast-May-22&goto=newpost Wed, 22 May 2013 06:00:29 GMT *EURUSD Forecast** ** The EURUSD attempted to push lower yesterday bottomed at 1.2840 but whipsawed to the upside and hit 1.2937 earlier today.... EURUSD Forecast** *
The EURUSD attempted to push lower yesterday bottomed at 1.2840 but whipsawed to the upside and hit 1.2937 earlier today. Price has been moving sideways between 1.2935 – 1.2800. I still prefer a bearish scenario at this phase but a clear break and consistent movement above 1.2935 could trigger further bullish pressure testing 1.3000 area. The bias is bullish in nearest term. Immediate support is seen around 1.2890. A clear break below that area could lead price to neutral zone in nearest term testing 1.2850/00 area.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93146-EURUSD-Daily-Forecast-May-22 http://forum.fxopen.com/showthread.php?93128-USDCHF-Daily-Forecast-May-21&goto=newpost Tue, 21 May 2013 07:00:35 GMT *USDCHF Forecast* The USDCHF was corrected lower yesterday bottomed at 0.9647.* The bias is bearish in nearest term testing 0.9600. Immediate... USDCHF Forecast
The USDCHF was corrected lower yesterday bottomed at 0.9647.* The bias is bearish in nearest term testing 0.9600. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term testing 0.9750 or higher. Overall I still prefer a bullish scenario at this phase.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93128-USDCHF-Daily-Forecast-May-21 http://forum.fxopen.com/showthread.php?93127-USDJPY-Daily-Forecast-May-21&goto=newpost Tue, 21 May 2013 07:00:35 GMT *USDJPY Forecast* The USDJPY was corrected lower yesterday but still able to stay above 102.00 so far. The bias is neutral in nearest term.... USDJPY Forecast
The USDJPY was corrected lower yesterday but still able to stay above 102.00 so far. The bias is neutral in nearest term. Immediate support is seen around 102.00. A clear break below that area could trigger further bearish pressure testing 101.50. Immediate resistance is seen around 102.65. A clear break above that area could trigger further bullish pressure testing 103.30 or higher. Overall I remain bullish.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93127-USDJPY-Daily-Forecast-May-21 http://forum.fxopen.com/showthread.php?93125-EURUSD-Daily-Forecast-May-21&goto=newpost Tue, 21 May 2013 07:00:35 GMT *EURUSD Forecast** ** The EURUSD was corrected higher yesterday topped at 1.2901. The bias is bullish in nearest term testing 1.2935. A clear break... EURUSD Forecast** *
The EURUSD was corrected higher yesterday topped at 1.2901. The bias is bullish in nearest term testing 1.2935. A clear break above that area could trigger further bullish pressure testing 1.3000 area and change my major outlook to a neutral condition as direction would become unclear. As you can see on my hourly chart below price is moving inside a bullish channel suggests a bullish correction phase. Immediate support is seen around the lower line of the bullish channel and 1.2860. A clear break below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains intact testing 1.2800 – 1.2740. I still prefer a bearish scenario and expect the current bullish correction is to be short lived.



More... ]]> Analytics FXOpen Manager http://forum.fxopen.com/showthread.php?93125-EURUSD-Daily-Forecast-May-21