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Analysis and forecasts for EUR / USD at the 21.06 / 16Fundamentals at the moment, supports the single currency, but keep in mind that the next polls can change the image on the Eurodollar market. From a technical point of view, the currency pair hovers just above the level of 1.1295, which last week was a strong resistance. If the demand side thoughts on further increases, the level should be defended. In this variant, we can count on further increases toward the maximum of Monday's 1.1383 and 1.1416 (peak of 9 June). In the longer term (several weeks) can be growth toward year's high of 1.1617. Otherwise, breaking 1.1295 level (last maxima) and 1.1278 (Friday shutdown) may indicate that the increases were temporary and return towards the last minima. The first supply will head towards 1,1213-35. Further props will be levels 1.1189 and 1.1144. Considering the confusion of the referendum in the UK and hence a large oscillation, which can foster this, you should be careful when making investment decisions.
by RobertPapon
AUDUSD, Keep an eye on Price Action Near ResistanceAUDUSD Price approaching strong zone 0.748-0.752, Watch out for bearish evidence and a potential move to the downside from this major zone. Beware of the Brexit, british Referendum (on EU exit) is scheduled later this week (23rd-24th June) and regardless of the outcome, you should be prepared for dramatic reaction in all markets. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter1.45% and Stocktwits, i ve asked Tradingview to add Facebook-1.20% and Linkedin-0.28% . If you d like them to add those 2 extra social media options please show your support here getsatisfaction.com thx
Short
by PriceActionTracker
Analysis and Forecast EUR / USD - Weekly review (20.06-24.06)A currency pair is currently just below the important resistance zone of 1,1295-1,1330 can be seen especially on the daily chart. On the impact of the Eurodollar they will certainly have another opinion polls, but from a technical point of view, to overcome the resistance to open the way towards the last peak at 1.1416. Bearing in mind the pressures associated with the referendum seems to be more likely further weakening of the single currency and consequently, a return towards the recent lows 1.1189 and 1,1131-44. In the event of further declines in supply can put towards 1,1058-80. The level of defense for the scenario of succession is above the level of 1.1330. Regardless of the situation that prevails in the British Isles, we may agree that the single currency is holding up well. To sum up my thoughts, we can conclude that in the first part of the week the single currency may lose (if the date of the referendum will not be changed) and then to the dollar should be the reverse (back to concerns about the lack of further interest rate hikes in the US). Version alternative involves changing the date of the referendum (postpone), which will support the common currency. This option will allow the demand side, on the attack on the resistance zone of 1,1295-1,1330.
by RobertPapon
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Analysis and forecasts for EUR / USD 06/16/16The situation on the eurodolarze changes as the proverbial kaleidoscope. Despite the break on Tuesday Zone support levels and reached a low of 1.1189, falls on the main currency pair not continued. On Wednesday we witnessed the execution of the alternative scenario, which assumed a return to the vicinity 1,1300-30 level. The demand side has received support in the form of a pigeon's FOMC statement. (Demand led to the abolition of the last half of the decline from 1.1416). At the moment Eurodollar hovering around 1.1265, and the very fact of maintaining the exchange rate above 1.1235 might suggest an attack on the last maxima. In this case, demand is a target for area 1,1300-30 and subsequently, the resistance level of 1.1362 and 1.1416. Considering the uncertainty before the referendum in the UK, it seems that the demand side, could take full advantage of his chance. The single currency is under pressure and in my opinion the higher price levels, can be a great opportunity to open short positions. Is today's killing up will be short-lived, it will show the next hours. (At the moment, the current upward movement can be seen as a correction of recent decline). Signal pro-trend will be back towards the recent support levels at 1,1213-35. While breaking the 1.1189 level will confirm that the actual killing up was only a correction of the recent declines. In this case, we will go towards support at 1.1144 and 1,1058-80.
by RobertPapon
Analysis and forecasts for EUR / USD 14/06/16The currency pair has corrected some recent declines (1,1417-1,1235) and reached the level of 1.1303. Strong resistance remains the 1.1330 level (minima of 6 June). If the demand side will lead to a break in / at resistance will be open way toward 1.1376 and 1.1417. The signal for a stronger upward movement may be weaker data from the US. Otherwise, the supply will head towards a strong zone of support levels located on levels 1,1216-35. It should be borne in mind that the most important information for the euro-dollar, will flow only on Wednesday, when it will be announced the statement after a meeting of the Federal Reserve.
by RobertPapon
$AUDUSD price at deciding zoneAUDUSD Price is at a zone, Watch out for bullish evidence and a potential move to the upside from this zone. However if the price go through this zone you can expect it to go as low as 0.72 Happy Trading PS:Guys, as you all know at the moment we can only share our ideas on Twitter and stocktwits, i have asked tradingview to add Facebook and linkedin to that list. If you want them to add those extra media share option please show your support here getsatisfaction.com Thank you very much Price Action Tracker Skype: @PriceActionTool
Short
by PriceActionTracker
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Analysis and forecasts for EUR / USD 05/27/16Movement of growth that occurred in the last two days we can qualify as a correction of the recent declines. Currency pair found support at 1.1129 while strong resistance level remains 1,1213-16. (For the record, let me add that these are minimums of 23 and 25 April. In addition, this level coincides with the 38.2% fibo increases from 0.8231 to 1.6038 level, which at the moment is quite a barrier to demand). This does not mean, however, that demand will not try to move out attack towards resistance 1.1216, which break open the way towards 1.1240 level. However, keeping in mind the data from the US, I do not think that either the party wanted to take the initiative before the hour 14:30. Due to the above signal for the supply or demand, should be read GDP. Summing up for a better reading supply will direct Eurodollar towards recent lows 1.1144 and 1.1129. In contrast, worse reading may be a pretext to develop a stronger correction towards 1.1280. In the longer term, after completion of the correction, I expect further declines towards the recent lows.
by RobertPapon
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Analysis and forecasts for EUR / USD 24/05/16The technical situation on the main currency pair has not changed. The preferred option remains further declines towards lower price levels. Until then we may be witnessing the development of movement correction toward resistance 1,1256-82. Support for this view may be better readings from Germany. It should however be noted that after adjustment, the supply should push-dollar towards the minimum in the last level 1,1179-87. Accordingly, the level of around 1.1280 seem to be an ideal place to open short position. Taking into account the possible interest rate hike in June, we can also assume that further declines will take place without the mentioned correction. This in turn means that the breaking of the last low of 1.1179 will open the way towards support at 1.1144 and 1,1058-80. Strong support in this case are robust readings from the US economy.
by RobertPapon