Sunday, June 28, 2015

Forex Market ¨Technical Report of The Week Ahead¨


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Technical Report For The Week From June 28th to July 03rd, 2015


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XM/MT4 EUR/USD Daily Chart
 EURUSD
We´re starting the week with a negative +150 pips gap that is currently sending the price under 1.100 level, as the gravity moves the price and the pairs use to behave the price will probably bounce at the support level created during this weekend, we must wait for a considerable recovering of the base currency untill hitting the next resistance level @1.1363 from June 19th, 2015.
Support 1 @1.0990 (06/29/2015)
Support 2 @1.0854 (05/27/2015)
Resistance 1 @1.1374 (06/19/2015)
Resistance 2 @1.1434 (05/15/2015)

XM/MT4 GBP/USD Daily Chart
 GBPUSD
As we can observe in the chart, the pair has dropped around 200 pips from last resistance searching for a former support at middle term, as we can see the volume is low at the moment this post has been written and we can easily detect a possible support level @1.5700 where we will expect that once the price bounce over it will probably find a new target at a former resistance, possibly  @1.5915 from June 19th.
These are the most important support and Resistance levels for this week:
Support 1 @1.5510 (05/19/2015)
Support 2 @1.5115 (05/04/2015)
Resistance 1 @1.5216 (06/02/2015)

XM/MT4 USD/CHF Daily Chart
USDCHF
The pair is moving forward to touch the 200 period EMA, the next target is @0.9500 from May 27th, 2015, as we can read the chart, this week the price is going for a target over the long period EMA, probably  @0.9684 from April 24th, this something that only the next couple of days can say but for the moment we get some clear clues.
These are the most important support and Resistance levels for this week:
Support 1 @0.9181 (06/19/2015)
Support 2 @0.9108 (05/14/2015)
Resistance 1 @0.9525  (05/14/2015)
Resistance 2 @0.9710  (04/23/2015)

XM/MT4 USD/JPY Daily Chart
 USDJPY
The pair continues losing terrain gained during last months, this time the formed gap reverted untill 122.95 level but as we can observe the gap only worked as a potential support level where the price will probably bounce and eventually search for a former resistance level  @125.27 from June 05th, 2015, we also need to have in count that the price is still over the 200 period EMA so the possibilities for more rising of the price increases.
These are the most important support and Resistance levels for this week:
Support 1 @122.35 (06/28/2015)
Support 2 @118.98 (05/13/2015)
Resistance 1 @124.00 (06/24/2015)
Resistance 2 @125.63 (06/08/2015)

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

Sunday, June 21, 2015

Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From June 21st to 26th, 2015


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XM/MT4 EUR/USD Daily Chart


 EURUSD


The pair is still trying to recover the lost terrain in during the last weeks as we can observe and is getting closer to the 200 period moving average, we found a Resistance level @1.1430 from May 15th, as the price will continue moving down it will probably hit the support level of 1.0843 from May 27, there we must wait for a continuation of the rising trend.


Support 1 @1.0843 (05/27/2015)
Support 2 @1.1487 (02/03/2015)
Resistance 1 @1.1430 (05/15/2015)
Resistance 2 @1.0549 (04/13/2015)


XM/MT4 GBP/USD Daily Chart


 GBPUSD


The pound is officially over the 200 period and is giving signs of recovering in the middle term, at least for the coming week, as the last week the price grow approximately 500 pips, we must wait for a reversal movement during the next couple of hour, for current trades we recommend to cover any open positions at any change of direction.


These are the most important support and Resistance levels for this week:

Support 1 @1.5198 (06/02/2015)
Support 2 @1.5115 (05/04/2015)
Resistance 1 @1.6126 (10/29/2014)
Resistance 2 @1.6374 (09/24/2014)



XM/MT4 USD/CHF Daily Chart

USDCHF

 The pair is now +300 pips away from the 200 period EMA, and is currently 100 pips away of hitting the previous support level from May 14th @1.9095, we consider the price will probably bounce over the mentioned support level and then will recover terrain gradually during the next days, for now we recommend to go short and cover any open positions at any signal of weakness.



These are the most important support and Resistance levels for this week:

Support 1 @0.9095 (05/14/2015)
Support 2 @0.8591 (01/22/2015)
Resistance 1 @0.9512  (04/27/2015)
Resistance 2 @0.9696  (04/22/2015)



XM/MT4 USD/JPY Daily Chart


 USDJPY


After an incredible rising movements during the last weeks we´re finally observing the price going in reverse and currently 285 pips away from the last maximum point reached, this can be a good time to go short but we need to remember that the price is still over the 200 period EMA, and there is a chance, specially due some fundamental new of something of that nature that can erase the reversion movements in a very short amount of time so we recommend to cover any position at any change of the current direction and trade with smaller lots according to reduce the risk ratios.


These are the most important support and Resistance levels for this week:

Support 1 @118.93 (05/12/2015)
Support 2 @116.14 (01/15/2015)
Resistance 1 @122.61 (06/11/2015)
Resistance 2 @118.98 (05/14/2015)





We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

Sunday, June 7, 2015

Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From June 07-12


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XM/MT4 EUR/USD Daily Chart


 EURUSD


Last week the pair recovered only around 200 pips compared with the changes of the former week, we need to remember that the price is still under the 200 period MA, so there´s a chance that the downward movements continues until hitting a former support level, for us this is the most predictable situation for the next days, we recommend to cover shorts at any change of direction near 1.0857 from may 27th.

These are the most important support and Resistance levels for this week:

Support 1 @1.0857 (05/27/2015)
Support 1 @1.0542 (04/14/2015)
Resistance 1 @1.1303 (06/04/2015)
Resistance 2 @1.1425 (05/15/2015)



XM/MT4 USD/CHF Daily Chart


USDCHF


Last week the pair found a support level @1.9218 on June 04th, and is now less than 100 pips away from the 200 period MA, we found a higher probability that on this coming week, the price will probably crosses the 200 period MA at the level of 0.9517 from May 27th, mean while we recommend to wait until Tuesday to have a more concrete scenario of what´s going to happen with the pair for the rest of the week.


These are the most important support and Resistance levels for this week:

Support 1 @0.9218 (06/04/2015)
Support 2 @0.9120 (05/14/2015)
Resistance 1 @0.9528 (05/25/2015)
Resistance 2 @0.9693 (04/14/2015)



XM/MT4 GBP/USD Daily Chart

GBPUSD


We could observe how the GBP is losing the battle against the US dollar, in the case of the last week we could see a slow movement but at the end the price closed lower than the former market close, for this week we can wait for a pull back movement probably looking for a touch at the 200 period MA, once there we can predict that the down movements are going to get stronger but for the moment we can appreciate the beginning of the formation for a support level at 1.5200 from last week.



These are the most important support and Resistance levels for this week:

Support 1 @1.5200 (06/01/2015)
Support 2 @1.5109 (05/01/2015)
Resistance 1 @1.5365  (06/04/2015)
Resistance 2 @1.5654  (05/21/2015)



XM/MT4 USD/JPY Daily Chart


USDJPY

The USD keeps growing up and up against it Asian rival, this time to hit a years level @125.49, +100 pips more than last week when we comment that the price would probably return to the last support level, in all cases still recommend to protect our longs if we´re currently into some and stay out at any considerable change of the direction because the last weeks the price was brought too much to support this vertical movement and the market gravity always brings the price a little down before it continues growing up.


These are the most important support and Resistance levels for this week:

Support 1 @125.44 (06/05/2015)
Support 2 @116.14 (01/15/2015)
Resistance 1 @124.08 (05/29/2015)





We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.