My forex journey

[Syazfirul Enterprise]

GBP/USD: bulls remain strong

Tatyana Norkina, FBS

Bullish optimism eased after facing resistance 1.7010 on Monday. Short-term traders are fixing profits, consolidating in a flat range below 1.6980. However, the market is not ready for a real correction –the pair may resume growth as long as it holds above 1.6940/1.6965.

Ichimoku. Cloud analysis shows that the bulls still remain strong. We expect growth after a retracement into the 1.6880 area. Buying looks risky these days.

Technical levels: support – 1.6880, 1.6940, 1.6965; resistance – 1.6980, 1.7000, 1.7030.

Trade recommendations:

1. Sell — 1.7030; SL — 1.7050; TP1 — 1.6940; TP2 – 1.6880.

2. Sell — 1.7000; SL — 1.7020; TP1 — 1.6940; TP2 – 1.6880 (from 16.06.2014).

 

[Syazfirul Enterprise]

EURJPY


EURJPY di jangka kan akan sideway untuk hari ini. dan akan meneruskan perjalanan minggu depan untuk SELL

Target 136.00 untuk EJ sehingga habis raya

 

[Syazfirul Enterprise]

EUR/USD: game of levels

EUR/USD remains range bound between $1.3650 and $1.3600. Euro is still capped by the 200-day MA ($1.3670) and further resistance at $1.3689/90 (June high and 38.2% retracement of the May/June decline). As long as the pair’s trading below these levels, we’ll continue expecting a slide towards $1.3476 (2014 low, trend line support). Support is at $1.3550 (55-week MA). The alternative scenario is an increase above $1.3690 and towards $1.3730.

Traders probably should play the ranges as we don’t expect the pair to move much out of the $1.3700/$1.3500 region in the coming weeks. For instance, Bank of America Merrill Lynch recommends selling in the area of $1.3676/1.3735 targeting $1.3480.

 

[Syazfirul Enterprise]

USD/CHF under bearish dominance

Tatiana Norkina, FBS analyst

Yesterday the pair reached the 0.8910 bearish target after bouncing from 0.8950. Break below this support could open the way to 0.8850.

Ichimoku. Bears are dominating on the market. On the H4 chart there is a descending Cloud. Price fix below the Tenkan and Kijun lines could give more strength to the bears. The hourly trend also speaks in favor of selling the pair. The market is now consolidating around the key 0.8930 mark. Buying the pair seems to be a risky trade for now.

Technical levels: support – 0.8850, 0.8910; resistance – 0.8930, 0.8940, 0.8950.

Trade ideas:

1. Sell — 0.8930/0.8940; SL — 0.8960; TP1 — 0.8850.

 

[Syazfirul Enterprise]

Gold: trade idea for today

Authored by Leonid Vereschagin

Trade signal

BUY in a range: 1305-1325

Stop Loss: 1300

Take Profit: 1350

 

[Syazfirul Enterprise]

EUR/GBP: trade recommendations

By Felipe Erazo

EUR/GBP has found resistance at the 0.8014 level, where is located the 61.8 Fibo level. Now, it is very likely that this pair begins to fall, because that is very strong resistance level and the bearish bias is currently dominating the high charts (H4, Daily) of the EUR/GBP. In addition, the EUR/GBP is below the line GANN line (black-line), which supports our bearish outlook.

If the EUR/GBP manages to make a breakout in the support level of 0.8007 (50.0 Fibo level), next target would be the level of 0.7994 (23.6 Fibo level) in the H1 chart. However, if the pair manages to consolidate above the 0.8022 level, it’s expected to rise to the level of 0.8033, which coincides with the 500 EMA and this movement could invalidate our bearish outlook.

Trading recommendations: Place sell orders at current levels, with stop loss at 0.8027 and take profit at 0.7982. Also, you can place buy orders only if the EUR/GBP does a breakout at the resistance level of 0.8033, with take profit at 0.8065.

http://fxbazooka.com/en/analitycs/show/1727

 

[Syazfirul Enterprise]

GBP/USD targets $1.7320

Authored by Kira Iukhtenko

Nothing can stop the rally of the British pound. On Tuesday the cable jumped to a fresh 6-year high of $1.7145, inspired by the strong UK manufacturing PMI. Data showed that the UK manufacturing accelerated to its highest level in 7 months.

As can be seen from the monthly chart, the medium-term technical picture for GBP/USD now looks strongly bullish: the buyers smashed all the resistance levels, clearing the way to the next significant level at $1.7320 (50% Fibo). The market formed a strong bullish engulfing candle in June. The pair fixed above the 100-month MA ($1.6965) and broke above the bearish monthly Ichimoku Cloud.

 

[Syazfirul Enterprise]

Banks are short on EUR/USD

Analysts at Citigroup point out that although EUR/USD rose above the double top neckline ($1.3673) last week, it failed to push above the 55- and 200-day moving averages and retreated down to the $1.3600 area. Citi notes that the pair has once again closed the week below $1.3673. That’s why the bank expects euro to slide to $1.3380.

BNPP is short on EUR/USD from $1.3620 targeting $1.3200 and with stop at $1.3820 as the rising US yields will support the greenback. Commerzbank maintains EUR/USD short from $1.3650 targeting $1.3505 with stop at $1.3685.

 

[Syazfirul Enterprise]

14 July 2014, 12:58 Comments: 0
Credit Suisse: bearish on EUR/JPY

Strategists at Credit Suisse maintain their bearish view on EUR/JPY. The pair is now trying to hold above the 137.65 support. Decisive break below 137.74 would signify formation of a top. Analysts recommend going short on the pair with an initial target of 136.74 and a stop at 139.50. The next support will be seen at 136.32.

http://fxbazooka.com/en/analitycs/show/1829

 

[Syazfirul Enterprise]

EUR/USD reached strong support

By Elizaveta Belugina

EUR/USD slid below last week’s low at $1.3575 and declined to the levels just above $1. 3500 where one can find support line of 2012-2013.

Negative background for the single currency was created by concerns about Portugal, decline in the euro zone’s industrial production and lower-than-expected ZEW economic sentiment indices for Germany and the euro area.

In America economic data were also far from very encouraging, but there were no painful contractions, only some slowdown with some bright spots like Empire State Manufacturing Index, Philly Fed Manufacturing Index ad higher-than-expected PPI. Although the US yields didn’t increase much, the European ones declined and this affected the pair.

The pair is now trading at the lower edge of the recent downward channel. Resistance is at $1.3550 and $1.3575 and the upside next week will be likely limited by $1.3600. On the weekly chart the pair eroded support of the 55-week MA which was holding the bearish pressure since the beginning of the summer and entered the Ichimoku Cloud, so there’s scope for decline to $1.3476 (2014 low and lower weekly Bollinger band).

At the same time, the bears have to be aware that the area of $1.3500 is the one of great psychological importance as euro was trading above here almost the whole time since early 2014. Euro has been very unwilling to give away its ground so far and it still has the fundamental factors in favor of it like big current account surplus and demand for reserves diversification. The ECB hasn’t given the market anything new either, while US yields remain too low. So, for a time being false breaks of $1.3500 for $1.3476 are possible, but although the long-term outlook is negative for euro, this level of $1.3500 won’t fail easily.