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USDjpy

There are initial signs of a good corrective recovery towards 113.032867 or even 113.174156. Supports at 112.618240 and 112.344910 zone.
Technical Forecast
  • Elliott Waveirregular flat correction down
Key Points
  • Key Point112.23
  • Entry Point112.83
  • Trendline 1112.61
  • Trendline 2112.80
  • Elliott113.44
  • Closing112.63
  • Ex-Low112.61
  • Ex-High113.44
  • Projection112.33
Supports and Resistance levels
  • Support 1112.34
  • Support 2112.06
  • Resistance 1113.17
  • Resistance 2113.72
  • Pivot112.89
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EUR/USD Forecast for Friday 06

There is bearish potential for a fall to 1.1681 while 1.1730 - 1.1745 resist. After this fall a recovery up to 1.1745 or 1.1760 is expected.
Technical Forecast
  • Elliott Waveelongated flat correction down
Key Points
  • Key Point1.1683
  • Entry Point1.1738
  • Trendline 11.1779
  • Trendline 21.1769
  • Elliott1.1788
  • Closing1.1711
  • Ex-Low1.1699
  • Ex-High1.1779
  • Projection1.1640
Supports and Resistance levels
  • Support 11.1681
  • Support 21.1650
  • Resistance 11.1760
  • Resistance 21.1809
  • Pivot1.1730
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EURUSD Analysis

There are initial signs of a good corrective recovery towards 1.0603 or even 1.0613. Supports at 1.0573 and 1.0554 zone.
Technical Forecast
  • Elliott Waveelongated flat correction down
Key Points
  • Key Point1.0550
  • Entry Point1.0590
  • Trendline 11.0578
  • Trendline 21.0590
  • Elliott1.0630
  • Closing1.0575
  • Ex-Low1.0571
  • Ex-High1.0630
  • Projection1.0552

Supports and Resistance levels
  • Support 11.0554
  • Support 21.0533
  • Resistance 11.0613
  • Resistance 21.0651
  • Pivot1.0592
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Adnan9 has taken 4th place in Fundamental analysis Contest Oct 2016, week 2

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Elens94 avatar
Elens94 18 Oct.

congrats:)

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EUR/GBP Technical Analysis

EUR/GBP is trading in a narrow range with a daily high of 0.8383 and a low of 0.8365.
The price action has dipped into the daily cloud, upside remains capped by the 55-EMA at 0.8382 .
Techs are bearish on both the daily and weekly charts.
IMM Net Speculators’ Positioning as at 30 August 2016 showed EUR shorts bounced higher last week having dropped during the previous four weeks.
Also for the first time in nine weeks, bearish bets against the pound edged lower encouraged by the better tone of re…
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Dollar strenghts

The dollar climbed up on Friday as comments by Federal Reserve policymakers pushed higher investor expectations for a near-term interest rte hike.
Boston Fed President Eric Rosengren said in a speech on Friday that gradual interest rate increases might be appropriate with the US economy at full employment and warned that low interest rates were increasing the chance of an overheated economy.
EUR/USD slipped 0.36 percent to 1.1226, weighed lower by a report on German exports that showed the steep…
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EURUSD analysis

The EUR/USD major currency pair is facing a key resistance level at $1.1260.
The pair has made a high of $1.12525 yesterday after slightly weaker than expected US Non-Farm-Payroll and started to decline from that level. It is currently trading around $1.11606.
In the daily chart EUR/USD is facing strong resistance at $1.1260 and further bullishness can be seen only above that level.
Any break above $1.1260 is likely to take the pair towards $1.1300-$1.1370.
On the lower side, minor support is ar…
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AUDUSD analysis

The Australian Dollar is trading higher on the back of a disappointing U.S. Non-Farm Payrolls report. The last price at 0840 GMT had the AUD/USD trading at .9597, up 0.0029 or +0.38%.
The jobs report released on Friday showed lower than expected job gains in August as well as weak hourly earnings growth. The Unemployment rate remained the same, but came in higher than the estimate.
The news triggered a volatile reaction from AUD/USD traders. Initially, the Forex pair rallied as investors priced …
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NZDUSD – New Zealand Dollar May Trade Further Higher

The New Zealand Dollar after trading as low as 0.7200 against the US Dollar found support and traded higher. There is a major bullish trend line formed on the hourly chart of the NZDUSD pair, which is acting as a support and taking the pair higher.
If the pair corrects lower from the current levels, then the trend line support may act as a barrier for sellers.
One may even consider buying NZDUSD as long as it is above the trend line and look for a move towards the 0.7280 level.
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Adnan9 has taken 4th place in Daily Stock Options Jun 2016

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