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Time now: Jun 1, 12:00 AM

My forex journey

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Resistance at 137.60 restrained currency pair of quick recovery. So yesterday's recommendation to sell the pair at this level remains relevant.

Bollinger Bands narrowed the range, indicating the completion of growth. You also need to pay attention to the reduction of oscillators: MACD is close to zero, and RSI set to move to the bottom of the range.

Crash Course can be deeper if the bears manage to knock down the support of 137.00 / 10. If you hold the forward growth of the level to 138.10.

Technical levels: Support - 137.10; resistance - 137.60, 138.10.

Trading recommendations:

1. Sell - 137.60; SL - 137.85; TP1 - 137.10.

2. Buy - 137.00 / 10; SL - 136.80; TP1 - 138.10.
 
EU Untuk minggu INI

Mencari SELL di area 1.2565

FBS: trade recommendations on EUR / USD

Tatiana Norkina, an analyst at FBS

Currency pair trade began with the collapse of an important level of 1.2440 after which the bulls are trying to restore lost positions. The market has rebounded to around 1.2490 till now.

Ichimoku. The resistance is formed by Tenkan-sen line in the hourly chart. The rebound could happen any moment to continue the downtrend. However, at level breakout there’s a retest Kijun-sen in the 1.2520 / 30 possible.

Four-hour picture looks more dramatic, as there Chinkou Span is oversold. There’s a high probability of further consolidation in the range of 1.2440-1.2530 in the nearest future.

Technical levels: Support - 1.2440; resistance - 1.2520 / 30, 1.2600.

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USD / JPY: sudah tiba masanya untuk menambah nilai

Dengan Elizaveta Belugina

USD / JPY terus-menerus menolak lebih tinggi dan lebih tinggi tanpa jeda jelas. USD mencapai tahap melebihi ¥ 115, tahap maksimum sejak November 2007. Pasangan ini telah sekali lagi melompat oleh Bank dari Jepun Gabenor Kuroda berkata bahawa bank pusat akan mengekalkan rangsangan kewangan besar-besaran selama diperlukan.

Minggu depan akan kurang sengit dari segi berita ekonomi. Akibatnya, akan ada sedikit bahan bakar untuk USD perhimpunan. Jepun akan mengumumkan data penting yang sederhana seperti baki semasa akaun pada hari Isnin, aktiviti industri pengajian tinggi pada hari Selasa dan pesanan mesin teras, Rabu. Perhatikan bahawa di pasar Selasa AS akan ditutup kerana cuti, jadi perdagangan akan berlangsung dalam persekitaran mudah tunai yang rendah.

Gambar Teknikal: Pada awal minggu ini, pasangan membentuk jurang yang bullish dalam bidang 112.30 / 66. Jurang ini masih belum ditutup. Penunjuk ekonomi menunjukkan bahawa pasangan itu adalah terlebih beli. Konsensus adalah bahawa USD / JPY akan terus meningkat - nama yang paling ¥ 120 sebagai sasaran. Pada masa yang sama, ia adalah jelas bahawa USD perlu mengambil nafas sebelum memulakan pertumbuhan. Kami akan mempertimbangkan penurunan ke-kurangnya ke 113 dan 111.60 pembetulan yang sihat. Sokongan seterusnya terletak pada 110 yen. Sapi jantan akan mendominasi pasaran sehingga pasangan itu tetap di atas tanda ini. Pada terbalik sasaran seterusnya adalah pada 116 dan 117,90 ¥.
 
FX BAZOOKA – Layanan Analisa Support terbaik

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How to trade EUR/USD?

Kira Iukhtenko, FBS

“Rain can’t last forever”: this week we’re observing the long-awaited bullish correction in EUR/USD. Last week the price bounced from a fresh 2-year low of 1.2350.

Bulls managed to push higher as this week’s economic calendar was very light: the market was driven mostly by technicals. However, it is now becoming rather clear that the buyers lack real fuel to break above the 1.2500 hurdle. From the technical point, the market has room for a corrective growth towards 1.2650/1.2700, but this scenario would be activated only above 1.2500.

Anyway, the medium-term picture remains bearish. Euro could return to the descending trend already on Friday: euro zone will release Q3 GDP and inflation data, while United States – retail figures and consumer sentiment index.

Conclusion: these days selling EUR/USD on rallies remains the most adequate strategy. I’d recommend selling from 1.2490 after another failure to overcome the 1.2500 figure. You could also sell on a break below 1.2400. Sell orders are clustered at 1.2350/40 and 1.2250/40.

http://fxbazooka.com/en/analitycs/show/2847
 
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BofA: sell EUR/GBP

BofA Merrill has entered medium-term EUR/GBP short from 0.7935, with a target at 0.7582 and a stop at 0.8050.

Short term resistance is around 0.7976 (Dec. 1 high) and any break of will take the pair to 0.8038. The bulls are weak as long as 0.8050 holds.

Minor support is located around 0.7870 and any break below would target 0.7840/0.7800 in short term. The medium term support is around 0.7760 and any break of will target 0.7648/0.7582.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.16096
USD / JPY
159.873
GBP / USD
1.34311
USD / CHF
0.79067
USD / CAD
1.39037
EUR / JPY
185.605
AUD / USD
0.71294
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