Sforex

Sforex

Fundamental Analysis: There is no major economic data of NZD next week. Thus I consider hidden dynamic governing N/U last week. We know that NZ is a commodity export country like Australia and Canada, NZD is affected by price of gold, silver, copper. If such commodities go down due to weak demand, it will cause pressure on NZD greatly. We can see the downtrend of...

Sforex

No major data for AUD and USD next week. Thus, I consider what happen in this week. USD - Retail Sales : 0.4% Bullish for USD AUD - RBA's Governor Glens Stevens said that : A/U is now unhelpful. RBA might intervene to weaken Aussie. - PMI of China is lower than expect. And the most important information: Look at on the chart, A/U has a strong corelation with...

Sforex

In this topic: - I predicted U/J would retrace to 99.40 and then moved to 101 level. So what next ?. Next week, there is no data for USA, but JPY has two main events. - BOJ Minutes on Monday - CPI on Thursday. Yesterday, BOJ announced that they will keep monetary policies unchanged. I think nothing new in BOJ Minutes. I concentrate in CPI (YoY). BOJ said...

Sforex

Canada is a large oil export country. Thus, Oil price affects greatly on Loonie. When oil increases, U/C decreases as a result. Oil decreases, U/C rises. This is the long term trend. Traders should not ignore the move of oil and Gold which affect on Loonie and Aussie.

Sforex

Last week BoE announced Quarterly Inflation Report which showed their viewpoint about future monetary policies. They might increase Interest rate soon if Employment rate falls below 7.0%. This is a less dovish comment which could affect to the G/U and drag G/U higher. Technical Analysis: Everything I show on the chart. Long G/U : Target: 1.625

Sforex

Like I said in two topics: - - I predicted exactly the advance of U/J, I also predict the target U/J reached: 100.40 Like an engine, needs to take a rest after a long run. U/J also needs a rest after testing strong resistance level: 100.40 I see a shooting star on the chart, I think before advancing again, U/J would retrace a little bit, but in the long...

Sforex

Fundamental Analysis: Next week is a very important week. The economic picture of EZ and US will be clearer after Economic data is released. Before considering data for next week, I review what was happen in EZ and US last week. EZ: + GDP : Bearish + CPI Core: Bearish --->; Bearish for EUR US: + Fed president nominate Yellen wanted to keep QE to support US...

Sforex

In this topic : I predicted exactly the bearish trend of A/U , I thought A/U can reach to 0.91 level, but it just moves to 0.927. Because I didn't think that Yellen provided much dovish comments. I thought Yellen would be cautious when she gave her viewpoint. Unfortunately, she was so much dovish, she wanted to keep QE. I couldn't predict what she will...

Sforex

Like I said in this topic: U/J cross many important SMA trends : SMA50, SMA100,SMA20, even EMA50. Today U/J keeps going its trend leaving far those important supports. Moreover, I see on the chart, U/J also breaks the bearish trend line. I think there is no reason U/J doesnt continue current trend,, reach to next key important resistance : 100.40 That is...

Sforex

simply, short A/U because of many data prove it Look at on the chart show TA. And what about FA -RBA claimed Aus dollar is being too high. They want it to devaluate more. - China Economic Data is not good. - US Economy recovers very well. Combine all information. A/U sell-off to 0.91 level.

Sforex

USE GANN BOX , PREDICT THE TIME MARKET BREAK OUT CHOOSE LOW, HIGH , THOSE ARE LOWEST AND HIGHEST LEVEL, LOW IS 0 LEVEL, HIGH IS 0.5 LEVEL. ADJUST 0.25 AND 0.382 LEVEL. THE REST LEVELS ARE THE TIME MARKET WILL BREAK OUT, CHANGE THE MOVE. DETERMINATE ERROR MIGHT 2-3 CANDLE STICKS.

Sforex

See on the chart: U/C fluctuated two times above 1.04718. U/C just broke that key level if market provided important data. Now, once again, U/C is above that key resistance level, it becomes a strong support level. To broke it, market needs to provide data or important information. But in my opinion, this week, there is no Canada data which can affect mostly on...

Sforex

G/U is a pair which is very HARD TO predict next week. Two events need to be examined next week for this pair are: - CPI on Tuesday -Fed's Bernanke speech on Thursday. Those two events would guide G/U price. And you have to understand what event will be dominant. So I consider GBP and USD GBP ...

Sforex

CAD is affected by OIL price and Gold price. OIL and Gold decrease because many reasons. So I think U/C will move to 1.0588 resistence level in the long term. Gold and OIl decrease----> CAD devalue ---> U/C rallies.

Sforex

Thanks for increase of 10 years T-Bond. That is the trigger for U/J takes advance above 100. Look at in the chart: We see: - U/J move above SMA 50,EMA 50, SMA 20 - Especially, U/J moves above SMA 100. This is a strong support. - SMA 200 is the long term support. We saw U/J touched this support and then bounce from that support. In the long term, U/J is very...

Sforex

Next week traders should pay attention into three events which can affect greatly on E/U pair: - Thursday: Fed's Bernanke Speech + GDP of Germany and EU. - Friday: CPI of EU. This is three main events, E/U rallies or sell-offs depend on those three events. And what about the rest days ?. Monday to Wednesday. I think E/U would sideway in a range which I show...