FXstreet.com: Forex Forecasts

Daily technical outlook

info@innerfx.com (InnerFX) — Thu, 09 Feb 2012 08:40:43 GMT

We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today’s economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 78 is just around the corner. So far there’s no clue that a bottom is in place, so

Today's Gold Forecast

info@forexmillion.com (ForexMillion) — Thu, 09 Feb 2012 07:15:43 GMT

The pair is trading along an sideways trading pattern . An uptrend will start as soon as the pair rises above resistance level 1746, which will be followed by moving up to resistance level 1758 and then 1772. An downtrend will start as soon as the pair drops below support level 1729, which will be followed by moving down to support level 1719 and then 1706. Resistances: 1746, 1758, 1772 Supports: 1729, 1719, 1706

Today's GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Thu, 09 Feb 2012 07:15:00 GMT

The pair is trading along an sideways trading pattern. The local uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.5895. An downtrend will start as soon as the pair drops below support level 1.5800, which will be followed by moving down to support level 1.5765 and then 1.5730. Resistances:1.5895, 1.5955 Supports: 1.5800, 1.5765, 1.5730

Today's EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Thu, 09 Feb 2012 07:14:02 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.3345 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3420. An downtrend will start as soon as the pair drops below support level 1.3250, which will be followed by moving down to support level 1.3160. Resistances: 1.3345, 1.3420 Supports: 1.3250, 1.3160, 1.3095

EURUSD Forecast for February 9

navin@forexwatchers.com (Forex Watchers) — Thu, 09 Feb 2012 06:54:23 GMT

Good morning everyone. Yesterday's forecasts captured only some of the pairs. Especially EURJPY. Today, I'm expecting the US Dollar to continue to weaken after the pause yesterday. I'm not adding any pairs to the hedged currency pairs list to offset the trading risk today. Currency Outlook US Dollar : Weak Long : EURUSD Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.32682 and 1.32243. Fundamental Watch - Manufacturing Production m/m - Asset Purchase Facility -

The Brief Harmonic Daily Forecaster

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Thu, 09 Feb 2012 02:11:05 GMT

BIAS : This still seems to be pointing to the broad 0.9056-85 support area MAIN ANALYSIS : We did see a break below 0.9114 but only to 0.9106… and then whipped back to the 0.9151 resistance. Nevertheless, I still feel that the downside is more at threat and look for losses to move back to the 0.9100-10 area, stage a mini correction and then extend losses to 0.9085 minimum but I suspect 0.9056-69. This is where I favor a deeper correction to develop through allow for minor breach. COUNTER

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Wed, 08 Feb 2012 07:38:45 GMT

INTRA-DAY EUR/USD OUTLOOK Euro's present retreat after early brief rise abv y'day's NY 1.3270 high ahead of European open suggests a temp. top is possibly made n consolida- tion with mild downside bias is seen for a retrace. to 1.3243/45 but 1.3235 wud contain weakness. Turn cautious seller on recovery n buy dips for day trade. Abv 1.3288 risks 1.3300/05 b4 correction Range Forecast +1.3245 / 1.3275+ Resistance/Support R: 1.3288/1.3302/1.3332 S: 1.3235/1.3206/1.3169

EURUSD Forecast for February 8

navin@forexwatchers.com (Forex Watchers) — Wed, 08 Feb 2012 06:43:45 GMT

Good morning everyone. Yesterday's forecasts was able to capture the market direction. USDCHF captured the entire swing. Today, I'm expecting the US Dollar to continue to weaken. Expect some swings on the way. I'm not adding any pairs to the hedged currency pairs list to offset the trading risk. Currency Outlook US Dollar : Weak Long : EURUSD Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.32706 and 1.32307. Fundamental Watch - Employment Change q/q - Unemployment

The Brief Harmonic Daily Forecaster

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Wed, 08 Feb 2012 02:33:21 GMT

BIAS : This has further to go on the upside but how far depends on the initial move today MAIN ANALYSIS : At last we have broken the back of this consolidation… We may have seen the corrective low at 1.3232 and as long as this holds the next rally should reach 1.3296-06. While this should cause a pullback the overall picture will then move higher to 1.3357 for a correction and later to the 1.3384-04 area. That's probably the most we'll see. The only risk to this is an earlier deeper pullback

Slovakia: February 2012

Rainer.Singer@erstebank.at (Erste Bank) — Tue, 07 Feb 2012 16:57:48 GMT

Interest Rates At the last Governing Council meeting, the ECB retained the key rate unchanged at 1%. At the next Meeting on February 9, we (aswell as the market) again anticipate stable rates. Our expectation is in line with the quite favorable data that the Euro zone yielded within the past couple of weeks. The LTRO issued by the ECB early January also speaks for the stability of key rate, as it succeeded in injecting the much needed liquidity to the European financial markets. As the debt

Hungary: February, 2012

Rainer.Singer@erstebank.at (Erste Bank) — Tue, 07 Feb 2012 14:59:50 GMT

Daily technical outlook

info@innerfx.com (InnerFX) — Tue, 07 Feb 2012 08:23:38 GMT

Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surprised the markets by leaving interest rate unchanged at 4.25% instead of cutting to 4%.

Today's Gold Forecast

info@forexmillion.com (ForexMillion) — Tue, 07 Feb 2012 07:36:05 GMT

The pair is trading along an downtrend. The downtrend may be expected to continue in case the market drops below support level 1721, which will be followed by reaching support level 1706 and then 1682. An uptrend will start as soon as the pair rises above resistance level 1729, which will be followed by moving up to resistance level 1744. Resistances: 1729, 1744, 1758 Supports: 1729, 1744, 1758

Today's GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Tue, 07 Feb 2012 07:34:20 GMT

The pair is trading along an sideways trading pattern. An downtrend will start as soon as the pair drops below support level 1.5800, which will be followed by moving down to support level 1.5730. An uptrend will start as soon as the pair rises above resistance level 1.5835, which will be followed by moving up to resistance level 1.5955. Resistances:1.5835, 1.5955 Supports: 1.5800, 1.5730, 1.5665

Today's EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Tue, 07 Feb 2012 07:32:46 GMT

The pair is trading along an sideways trading pattern. An downtrend will start as soon as the pair drops below support level 1.3095, which will be followed by moving down to support level 1.3030 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2950. An uptrend will start as soon as the pair rises above resistance level 1.3160, which will be followed by moving up to resistance level 1.3325. Resistances: 1.3120, 1.3160, 1.3195, 1.3325 Supports:

EURUSD Forecast for February 7

navin@forexwatchers.com (Forex Watchers) — Tue, 07 Feb 2012 06:48:38 GMT

Good morning everyone. Yesterday's forecasts were not able to hold in the market into the US Session. Today, I'm expecting the US Dollar to weaken throughout the board today. I'm not adding any pairs to the hedged currency pairs list to offset the trading risk today. Currency Outlook US Dollar : Weak Long : EURUSD Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.30569 and 1.30288. Fundamental Watch - Foreign Currency Reserves - Gov Board Member Jordan Speaks -

USD/JPY Daily Outlook

cs@acetrader.com (AceTrader) — Tue, 07 Feb 2012 03:06:20 GMT

INTRA-DAY USD/JPY OUTLOOK Despite dlr's retreat fm y'day's 76.80 high to 76.52, current rebound suggests aforesaid pullback is possibly over n consolidation with upside bias is seen for a re-test of said res, abv wud extend rise fm last week's 76.03 high to 76.90. Raise long entry with stop as indicated, below wud risk 76.35 b4 prospect of a rebound. Range Forecast 76.55 / 76.80 Resistance/Support R: 76.80/76.90/77.17 S: 76.48/76.35/76.03 Rate

The Brief Harmonic Daily Forecaster

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Tue, 07 Feb 2012 01:45:45 GMT

BIAS : If this is to reach 1.5933-40 then ideally it should do so now… else risk extended consolidation MAIN ANALYSIS : This took the alternative outlook yesterday, dipping 2 points below the 1.5731 support. Ideally, this should mean that we see the move higher through 1.5841 and above 1.5882 to reach 1.5899 for a pullback that remains above 1.5830 to then see the upside follow-through to the 1.5933-40 target. From there a deeper correction can ensue. While not expected there is a higher

EURUSD Forecast for February 6

navin@forexwatchers.com (Forex Watchers) — Mon, 06 Feb 2012 10:15:55 GMT

Good morning everyone. Friday's NFP release gave a false initial spike however, we were able to capture the entire movement specially with EURUSD. Today, I'm expecting the US Dollar to gain some strength across the board. I'm not adding any pairs to the hedge currency pairs list to offset the risk today. Currency Outlook US Dollar : Strong Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.30989 and 1.31341. Fundamental Watch - Foreign Currency

1-Daily Graphs Monthly Gold Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:26:30 GMT

Forecast monthly, February The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1744, which will be followed by reaching resistance level 1787 and then 1825. An downtrend will start as soon as the pair drops below support level 1724, which will be followed by moving down to support level 1680 - 1660. Resistances: 1744, 1787, 1882 Supports: 1721, 1680, 1665, 1623

4H Graphs Weekly Gold Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:25:51 GMT

Forecast weekly, February 06 - 10 The pair is trading along an downtrend. The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1682. An uptrend will start as soon as the pair rises above resistance level 1744, which will be followed by moving up to resistance level 1787. Resistance: 1744, 1787 Support: 1721, 1682, 1660

Today's Gold Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:25:09 GMT

The pair is trading along an downtrend. The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1721 and then 1706/1700. An uptrend will start as soon as the pair rises above resistance level 1744, which will be followed by moving up to resistance level 1758. Resistances: 1744, 1758, 1787 Supports: 1721, 1706

1-Daily Graphs Monthly GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:24:34 GMT

Forecast monthly, February The pair is trading along an uptrend. The uptrend may be expected to continue from support levels 1.5620 - 1.5710, which will be followed by reaching resistance level 1.6050 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.6415. Resistances: 1.5955, 1.6050, 1.6415 Supports: 1.5710, 1.5620, 1.5535

4H Graphs Weekly GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:23:56 GMT

Forecast weekly, February 06 - 10 The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5620 - 1.5710 and in case the market rises above resistance level 1.5835, which will be followed by reaching resistance level 1.6050. Resistance: 1.5835, 1.5955, 1.6050 Support: 1.5710, 1.5620, 1.5535

Today's GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:23:21 GMT

The pair is trading along an sideways trading pattern . The uptrend may be expected to continue from support level 1.5835, which will be followed by reaching resistance level 1.5955. An downtrend will start from current levels, which will be followed by moving down to support level 1.5710. Resistances:1.5835, 1.5955 Supports: 1.5710, 1.5620

1-Daily Graphs Monthly EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:22:46 GMT

Forecast monthly, February The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.2950, which will be followed by reaching resistance level 1.3325 and then 1.3970. An downtrend will start as soon as the pair drops below support level 1.2950, which will be followed by moving down to support level 1.2690. Resistances: 1.3325, 1.3970 Supports: 1.2950, 1.2690, 1.2500

4H Graphs Weekly EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:22:09 GMT

Forecast weekly, February 06 - 10 The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.2950 and in case the market rises above resistance level 1.3180, which will be followed by reaching resistance level 1.3420. An downtrend will start as soon as the pair drops below support level 1.2950, which will be followed by moving down to support level 1.2815 and then 1.2690. Resistances: 1.3180, 1.3345, 1.3420 Supports: 1.3040, 1.2812, 1.2690

Today's EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Mon, 06 Feb 2012 09:21:28 GMT

The pair is trading along an downtrend. The downtrend may be expected to continue from resistance level 1.3095, which will be followed by reaching support level 1.2950. An uptrend will start as soon as the pair rises above resistance level 1.3115, which will be followed by moving up to resistance level 1.3160 and then 1.3215. Resistances: 1.3095, 1.3115, 1.3160, 1.3215 Supports: 1.3055, 1.2950

EUR/USD Daily Outlook

cs@acetrader.com (AceTrader) — Mon, 06 Feb 2012 10:51:08 GMT

INTRA-DAY EUR/USD OUTLOOK Current acceleration of intra-day selloff after the firm breach of last Fri's low of 1.3067 sug- gests erratic decline fm 1.3235 top to retrace rise fm Jan's low of 1.2624 remains in progress n re- test of 1.3026 sup is seen, below, 1.3000. Sell on recovery with stop as indicated, break wud risk stronger gain to 1.3097. Range Forecast 1.3026 / 1.3070 Resistance/Support R: 1.3097/1.3131/1.3168 S: 1.3026/1.3000/1.2931 Rate

Daily technical outlook

info@innerfx.com (InnerFX) — Mon, 06 Feb 2012 08:43:26 GMT

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Lucas Papademos and the leaders of three parties, which ended without any deal. While Greece is again in focus, euro is decoupling from risk sensitive pairs such as

The Brief Harmonic Daily Forecaster

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Mon, 06 Feb 2012 02:22:54 GMT

BIAS : While 76.35-48 supports (max 76.29) this correction should reach 96.90-98 before extending losses MAIN ANALYSIS : The break above 76.35-42 clearly came as a surprise. However, I see the move so far as corrective and therefore a small shift of the structure I had been using is required. This could still mean a small dip to the 76.35-48 area but overall I see this correction extending just a little more to the 76.90-98 area. This should cap for the downtrend to resume. From that high the

The Brief Weekly Harmonic Elliott Wave Outlook

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Sun, 05 Feb 2012 12:13:05 GMT

WEEKLY OUTLOOK FOR AUDUSD DAILY STRUCTURE 24th January : From the Dollar's performance in general and the slow way in which the rally so far has developed it's probably too skewed to be Wave ^B and therefore I feel more direcyly bullish to the 176.4% projection in Wave -iii- of Wave (c) to the 1.1039 area. From there we should see a pullback in Wave -iv- and then a push higher in Wave -v- which tentatively targets the 1.1325 area. Only below 1.0200 would concern and perhaps take us down in

Daily Technical Outlook

info@innerfx.com (InnerFX) — Fri, 03 Feb 2012 08:04:39 GMT

Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s employment figures USD Index 79.50 provides a stable barrier to the upside; sellers are probably waiting on the sideline, in case of a rally in the next

Today's Gold Forecast

info@forexmillion.com (ForexMillion) — Fri, 03 Feb 2012 07:53:09 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1762, which will be followed by reaching resistance level 1770 and then 1787. An downtrend will start as soon as the pair drops below support level 1747, which will be followed by moving down to support level 1730. Resistances: 1762, 1770, 1787 Supports: 1747, 1738, 1730

Today's GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Fri, 03 Feb 2012 07:52:02 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665 - 1.5620. Resistances: 1.5835, 1.5955 Supports: 1.5790, 1.5620

Today's EUR/USD Forecast

info@forexmillion.com (ForexMillion) — Fri, 03 Feb 2012 07:51:27 GMT

The pair is trading along an sideways trading pattern. An uptrend will start from support level 1.3080 and as soon, as the pair rises above resistance level 1.3160, which will be followed by moving up to resistance level 1.3215 and then 1.3345. An downtrend will start as soon as the pair drops below support level 1.3080, which will be followed by moving down to support level 1.2980 and then 1.2890 - 1.2815. Resistances: 1.3160, 1.3215, 1.3345 Supports: 1.3080, 1.2980, 1.2815

EURUSD Forecast for February 3

navin@forexwatchers.com (Forex Watchers) — Fri, 03 Feb 2012 06:55:35 GMT

Good morning everyone. Yesterday's forecasts were in line with the markets throughout the day. EURUSD held strong twice. Today, I'm expecting the same mixed sentiments as yesterday with the US Dollar. Please be cautious today as its NFP (Non Farm Payroll) News release today. Expect swings. I'm adding some pairs as hedged currency pairs to offset the trading risk today. Currency Outlook US Dollar : Mixed Sentiments Short : EURUSD Today we're expecting the EURUSD to proceed Short below the

The Brief Harmonic Daily Forecaster

iancopsey@harmonic-ewave.com (Harmonic Elliott Wave) — Fri, 03 Feb 2012 01:18:39 GMT

BIAS : It looks like we'll see 76.35-42 again before lower MAIN ANALYSIS : A drift lower yesterday but stalling above the 76.02 low and from there a modestly firmer move higher that looks pretty much as if we'll see price recycle to the 76.35-42 area again. From there the next move lower to 75.55-76 should develop. COUNTER ANALYSIS : Only a direct break above 76.42 would test the 76.64 pivot resistance… However, only above the 76.77 high would trigger firmer gains with the 77.30 pivot

Today's Gold Forecast

info@forexmillion.com (ForexMillion) — Thu, 02 Feb 2012 10:03:06 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1747, which will be followed by reaching resistance level 1760 - 1766. An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1730. Resistances: 1760, 1768 Supports: 1747, 1740, 1738, 1730

Today's GBP/USD Forecast

info@forexmillion.com (ForexMillion) — Thu, 02 Feb 2012 10:02:34 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5900 - 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665. Resistances: 1.5900, 1.5955 Supports: 1.5790, 1.5665