Vladimir Mihaylov
Independent Analyst
EUR slowly looses positions from last Wednesday's upside jump and is trading currently at the 1.2750 support. Next stronger support is at 1.2700, for which i ecpect to hold and the recovery to continue to 1.2900 and above. However if for some reason we have a Daily close below 1.2700, this will reopen the way back to 1.2540 and below. This week we do not have any so much important news, except PMI data on Thursday and US jobless claims later the same day.
GOLD is locked within the range 1225-1245, for now 1245 seems unbreakable and the outlook is more bearish than bullish. H4 and Daily indicators here are pointing to the downside while Weekly show that bullish recovery continues.To fully restore the bullish move we need a Weekly close above 1280, but this maybe not this week.
NZD continues recovery to 0.8050, Daily indicators are bullish, smaller ones are mixed but turning to bullish too. As long as we are above 0.7940 you may try go long, do not allow more than 10-15 pips SL.
AUD is in a consolidation mode which i expect to develop into a bullish move. Main support here is 0.8680-90, and currently we are nearly 90 pips above that. It is difficult to set an entry point from here but you may try to enter LONG as long as the price is above 0.8750, below that you'd better wait for a better price around 0.8710.
JPY continues to loose price rapidly and the pair opened with an upside gap. however 107.55 resistance is close and to continue with the recovery we need to break above 106.00. Next resistance is ar 108.20 and finally 110.00. The pair is bullish above 107.00
GBP is in a recovery move too and the pair is bullish above 1.6050. First Daily resistance comes at 1.6140 and next at 1.6200. Daily indicators are strongly bullish while H4 and smaller are mixed and tests of 1.6050-60 are possible, do not allow more than 10-15 pips SL below that area. Loosing 1.6020 on Daily may cause the price to drop below 1.6000 again.
RUB remains weak, and the pair is still close to the highest levels ever, but weekly and daily indicators started to reverse their upside direction. Maybe we are going to see a massive profit taking soon as Russia and Ukraine make more agreements.Above 40.50-40.60 the pair is still bullish. But below you have to exit LONG.
For today:
LONG EUR above 1.2740 SL 1.2730 TP 1.2800-1.2880-1.2910-1.3030
SHORT EUR below 1.2680 SL 1.2695 TP 1.2640-1.2600-1.2540-1.2520
SHORT GOLD below 1245 SL 1248 TP 1236-1231-1226-1218
LONG GOLD above 1228 SL 1225 TP 1236-1242-1248-1252
Good luck!
GOLD is locked within the range 1225-1245, for now 1245 seems unbreakable and the outlook is more bearish than bullish. H4 and Daily indicators here are pointing to the downside while Weekly show that bullish recovery continues.To fully restore the bullish move we need a Weekly close above 1280, but this maybe not this week.
NZD continues recovery to 0.8050, Daily indicators are bullish, smaller ones are mixed but turning to bullish too. As long as we are above 0.7940 you may try go long, do not allow more than 10-15 pips SL.
AUD is in a consolidation mode which i expect to develop into a bullish move. Main support here is 0.8680-90, and currently we are nearly 90 pips above that. It is difficult to set an entry point from here but you may try to enter LONG as long as the price is above 0.8750, below that you'd better wait for a better price around 0.8710.
JPY continues to loose price rapidly and the pair opened with an upside gap. however 107.55 resistance is close and to continue with the recovery we need to break above 106.00. Next resistance is ar 108.20 and finally 110.00. The pair is bullish above 107.00
GBP is in a recovery move too and the pair is bullish above 1.6050. First Daily resistance comes at 1.6140 and next at 1.6200. Daily indicators are strongly bullish while H4 and smaller are mixed and tests of 1.6050-60 are possible, do not allow more than 10-15 pips SL below that area. Loosing 1.6020 on Daily may cause the price to drop below 1.6000 again.
RUB remains weak, and the pair is still close to the highest levels ever, but weekly and daily indicators started to reverse their upside direction. Maybe we are going to see a massive profit taking soon as Russia and Ukraine make more agreements.Above 40.50-40.60 the pair is still bullish. But below you have to exit LONG.
For today:
LONG EUR above 1.2740 SL 1.2730 TP 1.2800-1.2880-1.2910-1.3030
SHORT EUR below 1.2680 SL 1.2695 TP 1.2640-1.2600-1.2540-1.2520
SHORT GOLD below 1245 SL 1248 TP 1236-1231-1226-1218
LONG GOLD above 1228 SL 1225 TP 1236-1242-1248-1252
Good luck!
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