Hi traders, Today I analyzed USD index that can reflect on currency basket and prices of commodities. Level of index is currently overestimated and is above 95.00 lvl so I expect sharp drop to 94.70 lvl as a 1st target and maybe test 94.50lvl as a 2nd target. That will reflect on strengthen currency basket against USD. Feel free to comment your opinion!
Hi traders, After yesterday US reports EUR slump to 1.1450 lvl to lowest low this year and breaks 1.1500 as expected. Today and tomorrow we can expect correction to 1.1500 and 1.1530 lvl which are our targets for correction before further decline to 1.1400 lvl. Market is oversold - RSI on 1h chart is on 33lvl and on 4h chart is on 25/26 lvl Feel free to comment...
Hi traders, After EUR correction to 1.16 lvl as expected, the pair is now set to test again 1.15 lvl by the end of the week. If US CPI reports are good today that will accelerate USD to our target. If pair breaks above 1.16 that would be our signal that bearish trend is week and we can expect EUR to push higher and test 1.16700 lvl again. Feel free to coment...
Hi traders, For today i expect GBP to bounce up before further decline. UK failed with yesterday reports, but currently market is oversold. Hourly RSI is on 24lvl, and on 4h chart RSI is on 22lvl. Feel free to comment your opinion!
Hi traders. Today we have nice opportunity with this pair. Mine opinion is that EUR is going to push higher during day and tomorrow. Good ECB and EU reports and dovish FED tone will probably push EUR to 1.1600 area and test 1.1650/1.1670 zone. Market is oversold also. Feel free to comment your opinion!
Hi traders. For today I analysed this pair. Generally Australia had poor reports, while UK is recovering. Target that we are watching is 1.8450. Daily RSI is on 39 lvl, so I giving it space to fall to 1.8150 lvl and most likely to bounce from that lvl to upside. Feel free to comment your opinion!
Hi traders, For today I analysed EURNZD pair. Currently they bounced from multiyears low and I think that is going to test 1.6300 area by the end of week. Daily RSI is on 37 lvl, and weekly RSI is on 34 lvl. Also today we have labour reports from NZD (expected lower that previous). Feel free to comment your opinion !
Hi traders, USD/JPY is very close to two year highs. If pair breaks above 114.70 lvl that would be signal that USD is still pushing up. Mine opinion is that USD is going to go down and going to test 114.00 area. Daily RSI is on 66 lvl and weekly RSI is on 72 lvl. Feel free to comment your opinion!
Hi traders, This is my idea for today. Good AU reports and preatty bad JP reports should drive AUD up against JPY. Also this pair is in bull channel. My target for today is 86.00, if it breaks, can go to 62.25. Feel free to comment your opinion !
Hi traders, Looks like JPY after breaking chanel is going down. But today is US reports that we need to pay attetion. If reports are good we can see USD recovery, but if bad reports comes we can se further decline. Feel free to comment your ides and opinions.
Hi traders, After yesterdays good reports from BoC we saw breakout from bull chanel. My forecast is that today CAD is going to test 1.2300 area.
Good US reports and technical inidcators are probably to push USDX to test 94.00
Mine opinion is that EUR, after completing U turn, is going to return in bull chanel and continue his path to 1.1750
This is my idea for possible turns. Fell free to comment your opinion