Get started

Fx-zone

Analysis and Forecast EUR / USD - Weekly review (04.04-08.04)The currency pair reached a very strong resistance zone, located between 1,1437-95. Due to the very strong buying and the high density of these resistances, the beginning of the coming week should pass under the sign of the correction weakening of the euro against the dollar. Therefore, you must reckon with the defense of the above-mentioned resistance by the supply side and the start of a correction, which would bear part of the gains from 1.1144 to 1.1437. The first props should be 1,1367-76 levels (peak of 11 February, which coincides with the 23.6% fibo recent increases). Further props will zone levels between 1,1325-43 (peak on March 17, which covers the 38.2% fibo recent increases). If the supply side will lead to a deepening of the correction, account must be taken back to around the level of 1.1290. After completion of the correction expect an attack on the last peaks of the level of 1.1495, inclusive. I would like to emphasize that around 1.15 formed a strong barrier to the demand side in the last several months, which is presented on the chart with the interval 1M. Any defeat last level opens the way towards 1.1885.
Short
by RobertPapon
Analysis and forecasts for EUR / USD 03/30/16Today's strong growth over the important resistance located in the area of 1,1220-45, open the demand side of the road to higher price levels. The next targets for the demand should be the levels of 1.1343 (peak on March 17) and 1.1373 (maximum of 11 of February). In the longer term I would expect growth toward resistance levels are located at 1,1441-60 (peaks of 17 and 18 September) and 1.1495. In my opinion, further increases may be preceded by a correction, which should not exceed the level of 1.1245. Then the demand side should move out another attack towards resistance 1.1303 and 1.1343.
by RobertPapon
Analysis and forecasts for EUR / USD 03/29/16On Tuesday after the holiday weekend on the parquet back investors from Europe, which should revive the currency market during the early hours of the morning. Relevant data will appear only in the second half of the day, when we will know the consumer confidence index by. Conference Board. Investors will also pay attention to statements by members of the FED (Williams, Dudley). Particularly noteworthy occurrence Fed president Janet Yellen. According to the technical analysis, the demand side of the defense support at 1.1144 took the initiative and led counterattack, which led back to the 1.12 level. Nearby hours should show to what extent become the demand side. If demand is thinking about further increases this should lead to a continuation of support at 1,1187-89, which will put the attack on the zone 1,1220-45. This area is an important resistance (peak after the FOMC meeting) and on the outcome, will determine the further movement of the currency pair discussed. Moving on to the crux of the matter, I would like to point out that overcoming these resistances opens the way to higher price levels. The next resistance levels are 1.1285 and 1.1343. | In the longer term, the level of 1.1495 would be in the range of demand. In the event, however, the demand side failed to break through w / the resistance, a return toward the major support at 1.1144 seems to be inevitable. Any of his fracture, can lead to a stronger correction towards 1.1083 and 1.1021 levels.
by RobertPapon
2
Analysis and Forecast EUR / USD - Weekly review (28.03-01.04)The situation on the eurodolarze has not changed and is consistent with what I presented in previous reports. For the record, let me add that the currency pair is in a correction of recent increases. Due to the proximity of support at 1.1144 (38.2% fibo abolition), the voice has come the demand side, which is trying to move toward the counterattack last local peaks. Therefore, it should be noted that in the next hours, the demand side should make another attempt to attack the local resistance 1,1187-1,1189. From the results of the success will depend on the future direction of the currency pair discussed. Therefore, it should be noted that if demand beats w / the resistance in this case, should be directed towards localized resistance levels 1,1220-1,1245. Any breaking them confirm that the fall from 1.1343 to 1.1144 was a technical correction and return to the further growth. The objectives will be the levels 1.1285, 1.1343 and 1.1495. Otherwise, if the demand will have difficulty overcoming resistance levels 1.1189 and 1,1220-45, account must be taken back towards support at 1.1144. The demand side will certainly defend support, because its defeat could lead to further depreciation towards 1.1083 and 1.1021 levels. Particularly test this latter level would worry about, because this level corresponds to the 61.8% fibo abolition of recent increases and adjustments not often tolerate higher values.
by RobertPapon
Analysis and forecasts for EUR / USD 24/03/16A currency pair is very close to the first important support level 1.1144, which should provide a barrier against further declines. Therefore, I will repeat what I said in an earlier report. The proximity of the support at 1.1144 (23.6% Fibo unbearable increases the level of 1,0821-1,1343) should activate the demand side and direct the course of the Eurodollar at higher price levels. On Wednesday, the demand made his first attempt to seize the initiative, but the movements of growth, they are at the moment quite meager (demand reached only around Tuesday's minimum 1.1187). This does not change the fact that the demand side will certainly defend support, because its defeat could lead to further depreciation towards 1.1083 and 1.1021 levels. Another re-test 1.1144 support will certainly be a great opportunity to open long positions. To summarize the above considerations, I would expect within the next few hours trying to derive some upward movement toward the next resistance level at 1.12. The situation on the demand side to improve significantly if demand will overcome the resistance located at levels 1,1220-1,1245. In this case, the path to further growth will be opened. The objectives will be the levels 1.1285, 1.1343 and 1.1495.
by RobertPapon
Analysis and forecasts for EUR / USD 23/03/16The situation on the currency pair does not change much. Most of the day eurodollar exchange rate moved around the level of 1.1220, which is 23.6% fibo abolition of recent increases (1,0821-1,1343). At present Eurodollar moves the correction of the recent increases, taking the form of consolidation. Accordingly, it is possible to enhance the recent declines towards the next support at 1.1144, which coincides with the lower limiting current channel downward. Then I would expect at this stage of activation of the demand side. In this case, we would be witnessing a classic correction, which would abolish exactly 38.2% increase wave and would only break in further increases in the direction of the recent highs at 1.1343. In the case of a further deepening of the correction consecutive props levels are 1.1082 and 1.1020. However, if the current correction will stop at the first level of support levels located in the vicinity of 1,1220-1,1245, it will be a signal for further growth. First, the demand side should move towards Monday's high of 1.1285. Then, another natural target appears to be the resistance level of 1.1343 (last week maximum). In my opinion, after the correction, we should see further increases in the levels of 1.1343 and 1.1495.
by RobertPapon
Analysis and forecasts for EUR / USD 22/03/16Going to do analyzes Eurodollar wARTo go back to do the events of last week. Wednesday's message has led the Fed to change sentiment co Consequently, the strong dollar sell-off. Currency pair after reaching the maximum at 1.1343 currently moving in the framework of the adjustment. Zone aids extends between 1,1220-1,1245 and if it is maintained that the demand should lead to make gains in the area of Monday's maximum at 1.1285. The next natural target seems to be the resistance at 1.1343 (last week's maximum). In the case of defeat Support, supply will make a deeper correction weight toward the 1.1144 level. In My assessment after completion of the correction, we should be witnesses of further increases in the level of 1.1495.
by RobertPapon
Analysis and forecasts for EUR / USD 24/02/16In the last few hours we have witnessed a test of support at 1.10, but the supply side has not led to its break. Currency pair found support at 1.0990. In the next few hours, it is possible to again attack the supply side and on the results of the test 1.10 level will determine the future direction of trading Eurodollar. From a technical point of view, demand should strongly defend the fundamental support but the situation is not conducive to this. Thus breaking the 1.10 level opens the way towards the 1.0945 level. In contrast, the target ranges for the above scenario, I would look around the 1.08 level. Alternative version of the defense implies support and then removing attacking towards Tuesday's high of 1.1052. Further demand should move towards resistance levels are located at 1.1090 and 1,1066-1,1071.
by RobertPapon
Analysis and forecasts for EUR / USD 23/02/16Declines have occurred during Monday's session, they stopped in the important area of support levels extending between 1,10-1,1045. Currency pair at the moment is close to the 1.10 level. As you can see in the chart below fracture / in support may lead to declines in the vicinity of 1.0945 and 1.08. Therefore, I expect in the near future activation of demand-side and exit-attacking towards resistance at 1.1090 and 1,1066-1,1071. Support for demand may be Tuesday's data, which may become an impulse for a stronger movement. In any case, keep in mind that if Tuesday's readings will support the dollar, the supply will receive strong impetus for further declines towards 1.08. As a result, the growth scenario will be negated.
by RobertPapon
Analysis and Forecast EUR / USD - Weekly review (22.02-26.02)The outlook for EUR / USD: Declines have occurred in the last week, we can be treated as a correction to the earlier increases. Currency pair found support at the levels of 1.1066 and 1.1071, which from a technical point of view we can consider the formation of a double bottom. Considering the reaction of the demand side during Thursday's and Friday's session, I will risk saying that the Eurodollar will try to work towards recent highs. If my suspicions are correct, this demand should eventually break the key resistance at 1.1160 and head towards 1.1246 level. If this resistance and will be defeated, the demand side will face a chance to return to the last peak (1.1376). Alternative version of a return to the recent lows and then after their defeat, Eurodollar will head towards support at 1,10-1,1045
by RobertPapon
2
Analysis and forecasts for EUR / USD 18/02/16During Thursday's session exceeded the supply side support at 1.1090, however, missed the chance of turning toward the minimum at 1.1071 proved short-lived. Currently we are in the vicinity of the level of 1.11, and it seems that the growth scenario that I presented in the last comment is not completely negated. Certainly the situation on the demand side would look preferably, if there were to overcome the resistance level at 1.1160. Nevertheless, the demand side is not at a disadvantage. However, if you happen to break the support at 1.1090 is the supply should be directed toward Thursday's minimum and then towards lower price levels, extending in between 1,10-1,1045. The signal for a stronger movement may be Friday's US data on CPI.
by RobertPapon
Analysis and forecasts for EUR / USD 02/18/16The technical situation on the main currency pair almost does not change. According to what I wrote in my last comments, the baseline scenario still remains a variant of growth. This in turn means that the demand must defend support at 1.1090 and lead to increases in the direction of the resistance levels of 1.1160 and 1.1246. In the longer term I expect gains towards the next resistance level at 1.1376. Otherwise, if the supply will lead to a decline below support level 1.1090, Eurodollar can put toward lower price levels, extending in between 1,10-1,1045.
by RobertPapon
Analysis and forecasts for EUR / USD 17/02/16On Wednesday, investors' attention is focused on the information that come from the United States. With great anticipation, investors will await the notes from the minutes of the FOMC, which may provide new clues about further increases in interest rates. Previously, however, we will see inflation and PPI data for permits to build houses. Further, investors will focus on industrial production. The situation on the currency pair has not changed from that presented in the weekly report. After establishing a short-term peak at 1.1376, Eurodollar moves within the correction of recent increases. In my opinion, the supply side should not overcome the support level 1.1090, which should enable the demand side and lead to further growth. In this case, the demand will have to face the resistance level 1.1160, which will open the way to overcome, at least in the vicinity of the level of 1.1246. In the longer term expect increases in the vicinity of the last summit at the level of 1.1376. Otherwise, if the supply will lead to a decline below support level 1.1090, Eurodollar can put toward lower price levels, extending in between 1,10-1,1045.
by RobertPapon
Analysis and Forecast EUR / USD - Weekly review (15.02-19.02)Eurodollar after the recent rally and the establishment of a short-term peak at 1.1376 grabbed a little breathing. Correction, in which the EUR / USD should not in my opinion exceed the support level 1.1160 (minimum of 10 of February). (Previously, however, the demand will defend levels at 1.1246 and 1.1215). In the longer term, I expect growth toward the recent highs and in case of defeat, will open the way towards 1.1495 level, which in my opinion is at the moment a target for the demand side. Then, after the test this level, we expect a correction. At the moment, for me it is the baseline scenario. In an alternate version of the adjustment will be deepened and the supply will arrive in the vicinity of the next support level of 1,090. Then I would expect growth to higher price levels. RSI is currently neutral inheritance.
by RobertPapon
2
Analysis and forecasts for EUR / USD 02/12/16Eurodollar after peaking at 1.1376 rebounded rapidly and at present, is below Tuesday's high of 1.1337. If within the next few hours, the demand side will not try to break through this resistance, we may be witnessing landslides eurodollar rate toward lower price levels. In this case, the supply side could lead to declines toward support at 1.1246 (peak of 5 February, which coincides with the lower bound channel growth). If the correction has been deeper is the next target for the supply of support is at 1.1160. In the longer term expect further increases after previous defense aids. In the alternative scenario, we assume that the demand side has once again overcome the level of 1.1337 and will move towards 1,1371-90 resistance. In summary Eurodollar from the purely technical, the preferred option seems to be the scenario with the establishment of the summit at the level of 1.1376 and with a deterioration correction, at least in the vicinity of the support at 1.1246. You should bear in mind Friday's data from the US, which affect the course discussed the currency pair. RSI is at the falling trend line, lacking growth momentum.
Short
by RobertPapon
Analysis and forecasts for EUR / USD 11/02/16The outlook for EUR / USD: The strength of the demand side at the moment is indisputable that in the near future should result in further increases, interspersed with larger or smaller adjustments. Demand side should aim to break the recent high of 1.1337, which will open the way towards the next resistance 1,1371-1,1392. In the longer term expected growth in the level around 1.1495. In the vicinity of the last level, we could start a correction. Alternative scenario assumes the defense of the level of 1.1337, which in turn will lead to a decline towards 1.1246 or even 1.1160.
by RobertPapon
Analysis and forecasts for EUR / USD 10/02/16Eurodollar quite quickly managed to handle the correction of recent increases that have taken place over the last week and on Tuesday the demand side led to a break the next level 1.1246 and 1,1280-1,1310. Maximum recorded at the level of 1.1338. Last such price levels we saw in October last year. Most investors remain skeptical about further action by the ECB and the FED, which allows you to direct the common currency further maxima. On Wednesday, investors' attention will be directed to the speech by Janet Yellen, who will present a semi-annual report on monetary policy before the Committee. Financial Services House of Representatives. The head of the Fed certainly will defend the recent decision of the Federal Reserve, but its opinion on further rate hikes may be firmly balanced and toned. Taking into account the recent macroeconomic readings, it does not seem that the prospect of further interest rate hikes were not threatened. However, in my opinion, the head of the Fed will leave a "door open" for further action, the next revision of economic data. The outlook for EUR / USD: Dollar at the moment is in the back and nothing indicates that in the short term, upward trend for eurodolarze could be reversed. (Chances supply side could be found only in speech Janet Yellen). Accordingly, after a short correction, which should not exceed a level of 1.1246, the demand should be directed towards the level of 1.1337. Then, after the break, it will open the way towards the next resistance 1,1371-1,1392. In the longer term expected growth in the level around 1.1495. Alternate version assumes the start of the correction after the Janet Yellen. Supply will have a chance break 1.1246 level and directed towards lower price levels.
by RobertPapon
Analysis and Forecast EUR / USD - Weekly review (08.02-12.02)The outlook for EUR / USD: On Friday, after a strong rally that took place throughout the week, there was profit-taking. Currently, Eurodollar located around 23.6% of the abolition of the past, and increases in my opinion, the adjustment should be deepened. In the coming hours, the supply should take the initiative and lead to declines in the level around 1.1081. In the case of his defeat, the next objective will be 1,10-1,1030 zone aids (50% removal and peaks of 9-15 December). In the longer term I expect further gains towards 1.1246 and 1,1280-1,1310. Ultimately, demand should aim to test the level of 1.1495. It is worth mentioning that the last of the levels is crucial for further direction in the medium term.
by RobertPapon
4
Analysis and forecasts for EUR / USD 02/05/16Before us the last session of the week, which is rich in very important readings from the US labor market. On Friday, we will among other things, a change in employment in non-agricultural sectors and the unemployment rate. Analyzing the currency pair from the purely technical, we can conclude that after the recent rally, we should see a correction. Surely we can agree that the instant the potential for further growth is low, due to the proximity of resistance and strong buying. However, it should be noted that the upward trend is quite strong, while another weaker data from the US economy, may become another impetus for further growth. Therefore, we can assume two scenarios. The first assumes that the data from the US, will be much lower than expected, which will support the euro. In this case, the last summit at the level of 1.1240 should be exceeded, and the demand side, perhaps, will move towards the resistance zone of 1,1280-1,1310. Then Eurodollar will be ready for a correction. In the longer term we should move towards the level of 1.1495. The second variant envisages much better readings from the US (which is rather unlikely) that will support the dollar. In this case, the supply side is correct, recent increases. The objectives of the supply should be the levels 1.1143 (23.6% fibo) and 1.1085 (38.2% fibo). In the longer term I expect further gains towards 1.1240 and 1,1280-1,1310. Ultimately, demand should aim to test the level of 1.1495.
by RobertPapon