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Weekly Currency Outlook
This report has been deactivated
4
0
November 02 − November 06
Sun, Nov 1 2009, 17:39 GMT
by Mark Ryan Zeidus
Published on Sun, Nov 1 2009, 17:39 GMT
1
0
October 19 − October 23
Sun, Oct 18 2009, 21:08 GMT
by Mark Ryan Zeidus
Published on Sun, Oct 18 2009, 21:08 GMT
0
0
October 12 − October 16
Sun, Oct 11 2009, 21:13 GMT
by Mark Ryan Zeidus
Published on Sun, Oct 11 2009, 21:13 GMT
5
0
September 21 − September 25
Sun, Sep 20 2009, 18:55 GMT
by Mark Ryan Zeidus
Published on Sun, Sep 20 2009, 18:55 GMT
1
1
Weekly Currency Outlook
Tue, Sep 8 2009, 03:26 GMT
by Zubair Ali Khan
AUDUSD
AUDUSD is moving in a nice upward trend and currently heading towards
a very strong 0.8525 level. If it manages to continue its momentum and
manages to break 0.8525 level, it will target 0.8660 level. Currently
traders will look to buy AUDUSD for something around 0.8400 level.
Supports:
0.8400 / 0.8320 / 0.8240
Resistances:
0.8525 / 0.8675 / 0.8790
EURUSD:
EURUSD is currently roaming around very important levels. Situation is
such that break in either side is technically feasible and will be
then an extended move. Break of 1.4150 will take it towards 1.3920
level and on the upper side break of 1.4450 will take EURUSD towards
1.4680 level.
Supports:
1.4190 / 1.4065 / 1.3920
Resistances:
1.4375 / 1.4450 / 1.4560
Published on Tue, Sep 8 2009, 03:26 GMT
2
0
August 31 − September 04
Sun, Aug 30 2009, 22:17 GMT
by Mark Ryan Zeidus
Published on Sun, Aug 30 2009, 22:17 GMT
0
0
August 17 − August 21
Mon, Aug 17 2009, 21:06 GMT
by Zubair Ali Khan
Published on Mon, Aug 17 2009, 21:06 GMT
3
0
July 13 − July 17
Sun, Jul 12 2009, 21:41 GMT
by Zubair Ali Khan
Published on Sun, Jul 12 2009, 21:41 GMT
0
0
July 06 − July 10
Sun, Jul 5 2009, 22:49 GMT
by Zubair Ali Khan
Published on Sun, Jul 5 2009, 22:49 GMT
0
0
Weekly Currency Outlook
Mon, Jun 22 2009, 04:47 GMT
by Zubair Ali Khan
June 22 - June 26
EURUSD
EURUSD is currently in very interesting situation, on the upper side,
break of 1.4000 level will take it towards 1.4325 and on the lower side,
break of 1.3810 will take it towards 1.3700 level and then 3450 level. We
might see Traders holding back a little in the beginning of week to let
EURUSD settle in a direction.
Resistance Levels:
1.4050
1.4140
1.4300
Support Levels:
1.3900
1.3770
1.3515
AUDUSD
AUDUSD is steadily moving towards its target at 0.8200 level. Currently
traders will look to buy AUDUSD for anything below 0.7900 level.
Resistance Levels:
0.8240
0.8350
0.8520
Support Levels:
0.7880
0.7785
0.7690
Published on Mon, Jun 22 2009, 04:47 GMT
8
0
Weekly Currency Outlook
Mon, Jun 15 2009, 06:22 GMT
by Zubair Ali Khan
June 15 - June 19
EURUSD
EURUSD is currently in very interesting situation, on the upper side,
break of 1.4125 level will take it towards 1.4325 and on the lower side,
break of 1.3810 will take it towards 1.3300 level. We might see Traders
holding back a little in the beginning of week to let EURUSD settle in a
direction.
Resistance Levels:
1.4125
1.4340
1.4525
Support Levels:
1.3900
1.3810
1.3460
USDJPY
USDJPY is looking to target 99.55 level at the moment and break of that
level will really open up upward trend of USDJPY. On the lower side, we
might see USDJPY taking a dip towards 96.50 level but generally the trend
seems upward at the moment.
Resistance Levels:
99.40
99.80
100.50
Support Levels:
97.90
96.65
95.85
Published on Mon, Jun 15 2009, 06:22 GMT
5
0
Weekly Currency Outlook
Tue, Jun 9 2009, 09:07 GMT
by Zubair Ali Khan
June 08 - June 12
EURUSD
EURUSD has taken a good dip during last week, but this dip cannot be yet
termed as reversal of upward trend. This downward move will be seen as
retracement dip till an important level at 1.3825 and EURUSD might resume
its upward trend from that level. In case EURUSD manages to break below
1.3825 level, then EURUSD will be targetting 1.3500 next.
Resistance Levels:
1.4050
1.4155
1.4375
Support Levels:
1.3880
1.3790
1.3695
USDJPY
USDJPY is looking to target 100.00 level at the moment and break of that
level will really open up upward trend of USDJPY. We might see USDJPY
taking a dip from 99.80 level towards 97.00 level.
Resistance Levels:
99.20
99.80
100.50
Support Levels:
97.90
96.65
95.50
Published on Tue, Jun 9 2009, 09:07 GMT
9
0
Weekly Currency Outlook
Tue, Jun 2 2009, 10:56 GMT
by Zubair Ali Khan
June 01 - June 05
EURUSD
EURUSD has gathered moment for a nice upward trend and currently it seems
to be heading towards 1.4400 level, which we might see as soon as the
current week. Traders will initially look to buy EURUSD for anything below
1.4000 level, ideally around 1.3930 level.
Resistance Levels:
1.4350
1.4525
1.4725
Support Levels:
1.3925
1.3805
1.3615
GBPUSD
GBPUSD seems all set to touch its current target at 1.6600 level.
Currently buying GBPUSD on retracement dips seems order of this week.
Traders will hope to get GBPUSD below 1.6000 level for a nice upward move.
Resistance Levels:
1.6290
1.6680
1.6810
Support Levels:
1.6000
1.5890
1.5500
USDJPY
We miight see USDJPY staying between 96.50 and 94.50 levels during this
week. In case USDJPY managed to break in either side, then we will see an
extended move by USDJPY of around 400 pips.
Resistance Levels:
96.75
98.60
99.70
Support Levels:
94.40
93.50
92.
Published on Tue, Jun 2 2009, 10:56 GMT
3
0
Weekly Currency Outlook
Wed, May 27 2009, 03:35 GMT
by Zubair Ali Khan
May 25 - May 29
EURUSD
EURUSD touched its target at 1.4000 but still hasn't been able to break
above 1.4000 level. We might see a retracement dip towards 1.3750 level
and from there a very good buy is seen for initial target at 1.4000, break
of which will take EURUSD towards 1.4500 level. On the lower side, the
retracement can extend below 1.3500 level.
Resistance Levels:
1.4125
1.4340
1.4525
Support Levels:
1.3840
1.3725
1.3420
GBPUSD
GBPUSD has broken into a good upward trend a we might see GBPUSD touching
1.6500 soon. Currently buying GBPUSD on retracement dips seems order of
this week. Traders will hope to get GBPUSD around 1.5750 level.
Resistance Levels:
1.6290
1.6620
1.6780
Support Levels:
1.5700
1.5500
1.5280
USDJPY
USDJPY has also touched its target at 94.80 and break of that level will
set 92.00 as next target but before doing so, we might see USDJPY rising
to 97.00 level.
Resistance Levels:
95.50
97.35
98.75
Support Levels:
93.50
92.45
91.40
Published on Wed, May 27 2009, 03:35 GMT
1
0
Weekly Currency Outlook
Mon, May 18 2009, 03:41 GMT
by Zubair Ali Khan
May 18 - May 22
EURUSD
EURUSD is taking retracement at the moment and this retracement is
expected to end around 1.3300 level. Traders will look to buy EURUSD
around that level. Once EURUSD resumes it upward trend, EURUSD will look
to target 1.4000 level.
Resistance Levels:
1.3600
1.3725
1.3940
Support Levels:
1.3380
1.3255
1.3075
GBPUSD
GBPUSD is moving in a gradual upward trend, RSI is also around 50
suggesting that it is proving entry and exit chances in both directions.
Currently traders will look to buy GBPUSD around 1.5100 for a move above
1.6000 level in coming weeks.
Resistance Levels:
1.5400
1.5535
1.5730
Support Levels:
1.4970
1.4780
1.4620
Published on Mon, May 18 2009, 03:41 GMT
2
0
Weekly Currency Outlook
Mon, May 11 2009, 03:22 GMT
by Zubair Ali Khan
May 11 - May 15
EURUSD
EURUSD will initially be looking to break 1.3735 level and break of that
level will set 1.4000 as next target level for EURUSD. On the lower side,
we might see a dip towards 1.3300 level. Long term traders will be hoping
to get an opportunity to buy EURUSD for anything below 1.3300 level.
Resistance Levels:
1.3735
1.3935
1.4120
Support Levels:
1.3460
1.3240
1.3055
GBPUSD
GBPUSD has settled into a nice upward trend and it seems initially it is
looking to target 1.6000 and then break of that level will set 1.6500 as
next target. Traders will look to buy GBPUSD on retracement dips and hope
to find GBPUSD below 1.5100 for opportunity.
Resistance Levels:
1.5370
1.5600
1.6060
Support Levels:
1.5040
1.4780
1.4610
Published on Mon, May 11 2009, 03:22 GMT
9
1
Weekly Currency Outlook
Mon, Apr 27 2009, 11:03 GMT
by Zubair Ali Khan
April 27 - May 1
EURUSD
EURUSD closed at a very interesting level at close of last week as it is
expected to take a dip from that level but in case it breaks upwards, then
the scenario will change quickly and traders will look to buy EURUSD for
rest of the week. Traders looking for safe ades will hold back and let
EURUSD settle in one direction.
Resistance Levels:
1.3300
1.3380
1.3520
Support Levels:
1.3070
1.2840
1.2700
USDCHF
USDCHF has broken into downward trend and it seems to keep that momontum
during this week as well. Traders will look to sell USDCHF between 1.1450
and 1.1500 levels for a target around 1.1100 level.
Resistance Levels:
1.1480
1.1520
1.1600
Support Levels:
1.1330
1.1185
1.1080
USDJPY
USDJPY is moving in a smooth and nice downward trend. It will look to take
a dip below 96.00 level earlier this week. Traders will be aimming to
initially sell USDJPY for anything around 98.50 level.
Resistance Levels:
98.50
99.20
100.40
Support Levels:
95.80
94.40
93.50
Published on Mon, Apr 27 2009, 11:03 GMT
8
0
Weekly Currency Outlook
Mon, Apr 20 2009, 06:37 GMT
by Zubair Ali Khan
April 20 - April 24
EURUSD
EURUSD is settling into a nice downward trend and traders will look to
sell EURUSD just below 1.3100 level for a move towards 1.2800 level.
Resistance Levels:
1.3090
1.3330
1.3425
Support Levels:
1.2800
1.2710
1.2560
USDCHF
USDCHF has broken into upward trend and it seems to keep that momontum
during this week as well. Traders will look to buy USDCHF around 1.1500
level for a target above 1.1700 level.
Resistance Levels:
1.1720
1.1850
1.1920
Support Levels:
1.1480
1.1300
1.1240
USDCAD
USDCAD is nicely moving in its downward trend and mostly traders will look
to sell around 1.2235 level for target below 1.2040 level.
Resistance Levels:
1.2250
1.2450
1.2540
Support Levels:
1.2040
1.1960
1.1850
Published on Mon, Apr 20 2009, 06:37 GMT
0
0
Weekly Currency Outlook
Wed, Apr 15 2009, 08:38 GMT
by Zubair Ali Khan
April 13 - April 17
EURUSD
Technically EURUSD is in one of those situations where long term traders
will wait before EURUSD breaks into one side. Currently trades will very
small targets seems feasible for EURUSD.
Resistance Levels:
1.3310
1.3400
1.3510
Support Levels:
1.3030
1.2950
1.2760
GBPUSD
GBPUSD seems to take some retrace earlier during this week and a dip below
1.4440 level is expected. Traders will look to buy GBPUSD around 1.4450
level for target around 1.4800 level.
Resistance Levels:
1.4830
1.4955
1.5145
Support Levels:
1.4440
1.4125
1.3825
USDCHF
USDCHF has closed at a very interesting level and again long term traders
might just hold back to see USDCHF breaking to either side. Some traders
might consider buying USDCHF around 1.1470 level but again traders will
not be looking for large targets per trade.
Resistance Levels:
1.1650
1.1760
1.1890
Support Levels:
1.1470
1.1290
1.1175
Published on Wed, Apr 15 2009, 08:38 GMT
0
0
Weekly Currency Outlook
Tue, Apr 7 2009, 04:27 GMT
by Zubair Ali Khan
April 06 - April 10
EURUSD
EURUSD seems to be getting towards its target at 1.3735 level. Break of
which will set 1.3900 as next target for EURUSD. Generally traders will
look to buy EURUSD on retracement dips, during this week, initially to
1.3310 level.
Resistance Levels: 1.3735
1.3900
1.4190
Support Levels: 1.3310
1.3240
1.3110
GBPUSD
GBPUSD also seems to have started upward move in weekly trend and 1.5000
might come into picture during this week. Traders will look to buy GBPUSD
initially during this week for anything below 1.4700 level, ideally around
1.4650 level
Resistance Levels: 1.4940
1.5170
1.5365
Support Levels: 1.4650
1.4450
1.4085
USDJPY
USDJPY has almost touched its target at 100.50 and we might see a
retracement dip by USDJPY from that level. The retracement might extend to
98 level and mostly traders will look to sell USDJPY around that level.
Resistance Levels: 100.50
102.35
104.90
Support Levels: 97.80
96.65
94.40
Published on Tue, Apr 7 2009, 04:27 GMT
0
0
Weekly Currency Outlook
Tue, Mar 17 2009, 05:43 GMT
by Zubair Ali Khan
Mar 16 - Mar 20
EURUSD
EURUSD seems to be getting towards its target at 1.3050 level and it will also complete its long term retrace. From 1.3050 level EURUSD is expected to resume its downward trend and head initially towards 1.2760 and then towards 1.2540 level. On the upper side break of 1.3050 will take it towards 1.3110 and then 1.3290 level.
Resistance Levels:
1.3050
1.3110
1.3290
Support Levels:
1.2760
1.2540
1.2410
GBPUSD
GBPUSD is moving nicely in its downward trend and things don't seemed to change much during this week as well. We might see a good selling of GBPUSD around 1.4100 level for targets around 1.3800 level which can be extended to 1.3600 and then to 1.3530 levels.
Resistance Levels:
1.4100
1.4310
1.4500
Support Levels:
1.3790
1.3610
1.3530
Published on Tue, Mar 17 2009, 05:43 GMT
11
0
Weekly Currency Outlook
Mon, Feb 16 2009, 13:13 GMT
by Zubair Ali Khan
Week 8 of 2009
Feb 16 - Feb 20
EURUSD
Weekly Trend: Bearish
Buy/Sell: Sell
Entry 1: 1.2950
Entry 2: 1.3050
Stop: 1.3125
Profit 1: 1.2780
Profit 2: 1.2620
Profit 3: 1.2560
USDJPY
Weekly Trend: Bullish
Buy/Sell: Buy
Entry 1: 91.00
Entry 2: 90.20
Stop: 89.40
Profit 1: 92.30
Profit 2: 93.40
Profit 3: 94.40
AUDUSD
Weekly Trend: Bearish
Buy/Sell: Sell
Entry 1: 0.6615
Entry 2: 0.6790
Stop: 0.6860
Profit 1: 0.6560
Profit 2: 0.6360
Profit 3: 0.6260
NZDUSD
Weekly Trend: Bearish
Buy/Sell: Sell
Entry 1: 0.5280
Entry 2: 0.5370
Stop: 0.5460
Profit 1: 0.5160
Profit 2: 0.5090
Profit 3: 0.4980
Published on Mon, Feb 16 2009, 13:13 GMT
0
2
Weekly Currency Outlook
Tue, Feb 3 2009, 07:50 GMT
by Zubair Ali Khan
Week 6 of 2009 (Feb 02 - Feb 06)
EURUSD
Weekly Trend: Bearish
Buy/Sell: Sell
Entry 1: 1.3080
Entry 2: 1.3250
Entry 3:
Stop: 1.3360
Profit 1: 1.2730
Profit 2: 1.2630
Profit 3: 1.2560
USDJPY
Weekly Trend: Bullish
Buy/Sell: Buy
Entry 1: 89.60
Entry 2: 88.90
Entry 3:
Stop: 87.90
Profit 1: 91.20
Profit 2: 92.30
Profit 3: 93.20
USDCHF
Weekly Trend: Bullish
Buy/Sell: Buy
Entry 1: 1.1460
Entry 2: 1.1350
Entry 3:
Stop: 1.1290
Profit 1: 1.1700
Profit 2: 1.1790
Profit 3: 1.1850
AUDUSD
Weekly Trend: Bearish
Buy/Sell: Sell
Entry 1: 0.6500
Entry 2: 0.6600
Entry 3: 0.6720
Stop: 0.6760
Profit 1: 0.6310
Profit 2: 0.6260
Profit 3: 0.6180
Published on Tue, Feb 3 2009, 07:50 GMT
0
0
Weekly Currency Outlook
Mon, Jan 19 2009, 04:27 GMT
by Zubair Ali Khan
Week 4 of 2009
Jan 19 - Jan 23
EURUSD (1.3288)
EURUSD seems to be heading below 1.3000 level. Currently traders will look
to sell EURUSD on rise to 1.3400 level. Initially traders will target
1.3100 level which can be further extended to 1.3000 level.
Resistances 1.3400 1.3530 1.3700
Supports 1.3120 1.3000 1.2850
GBPUSD (1.4745)
GBPUSD seemed to have completed its retracement and it is now settled back
to its downward trend. GBPUSD is setting itself up for a nice move below
1.4500 level and for that, traders will look to sell GBPUSD around 1.5000
level.
Resistances 1.4920 1.5120 1.5385
Supports 1.4650 1.4530 1.4450
Published on Mon, Jan 19 2009, 04:27 GMT
9
0
Weekly Currency Outlook
Mon, Jan 5 2009, 05:36 GMT
by Zubair Ali Khan
Week 1 of 2009
Jan 05 - Jan 9
EURUSD (1.3852)
EURUSD seems to be heading towards 1.3600 level. Currently traders will
look to sell EURUSD on rise to 1.3900 level. Selling around 1.3880 level
seems a good opportunity and if EURUSD moves above 1.4000 level, selling
again around 1.4040 to average out the first position will be good
strategy. Initially traders will target 1.3690 level which can be further
extended to 1.3550 level.
Resistances 1.4050 1.4180 1.4420
Supports 1.3780 1.3580 1.3420
GBPUSD (1.4500)
GBPUSD seemed to have completed its retracement and it is now settled back
to its downward trend. GBPUSD is setting itself up for a nice move below
1.4200 level and for that, traders will look to sell GBPUSD around 1.4640
level for target around 1.4160 level.
Resistances 1.4650 1.4780 1.5000
Supports 1.4350 1.4120 1.4000
USDJPY (92.26)
USDJPY is gathering upward momentum and it seems it is targeting 94.00
level at the moment. Currently traders will look to buy USDJPY for
anything around 90.55 level for initial target around 93.50 level.
Resistances 93.55 94.60 95.80
Supports 91.30 90.80 89.00
USDCHF (1.0830)
USDCHF is looking to take retracement towards 1.1400 level. Buying
initially around 1.0755 seems good entry which can be averaged around
1.0630 if needed. The profit target will be around 1.0990 level.
Resistances 1.1050 1.1200 1.1420
Supports 1.0650 1.0520 1.0350
Published on Mon, Jan 5 2009, 05:36 GMT
0
0
Weekly Currency Outlook
Tue, Dec 30 2008, 05:35 GMT
by Zubair Ali Khan
Week 52 of 2008
Dec 29 - Jan 02
GBPUSD (1.4536)
GBPUSD seemed to have completed its retracement and it has now settled
back to its downward trend.
GBPUSD is setting itself up for a nice move below 1.4000 level and for
that, traders will look to sell GBPUSD around 1.4790 level for initial
target around 1.4460 level.
Resistances 1.4820 1.4950 1.5250
Supports 1.4450 1.4320 1.4020
USDJPY (90.35)
USDJPY seems to be taking correction at the moment and it seems that it
will stay in range during this week as well.
Currently traders will look to buy USDJPY for anything around 89.80 level
for initial target around 91.20 level.
Resistances 90.80 91.80 93.80
Supports 89.00 88.30 87.00
Published on Tue, Dec 30 2008, 05:35 GMT
5
0
Weekly Currency Outlook
Mon, Dec 22 2008, 04:58 GMT
by Zubair Ali Khan
Week 51 of 2008
Dec 22 - Dec 26AUDUSD (0.6823)
AUDUSD seems to be completing its retracement and it seems that it will
gradually settle back into its downward trend.
Selling around 0.6980 seems to be a good opportunity for target 0.6680
level initially which can then be further extended to 0.6500 level.
Resistances 0.7000 0.7150 0.7250
Supports 0.6600 0.6320 0.6080
GBPUSD (1.4916)
GBPUSD seemed to have completed its retracement and it is now heading back
to its downward trend.
GBPUSD is setting itself up for a nice move below 1.4700 level and for
that, traders will look to sell GBPUSD around 1.5380 level for target
around 1.5120 level.
Resistances 1.5250 1.5400 1.5820
Supports 1.4750 1.4550 1.4000
USDJPY (89.11)
USDJPY is moving nicely in its downward trend and it seems that the moment
will continue during this week as well.
Currently traders will look to sell USDJPY for anything around 90.80 level
for initial target around 88.40 level.
Resistances 90.80 91.80 93.80
Supports 88.20 87.00 85.00
NZDUSD (0.5748)
NZDUSD also have taken correction last week and has resumed its downward
trend.
Traders will look to sell NZDUSD around 0.5900 for initial target at
0.5620 which could be further extended to 0.5480 level.
Resistances 0.5900 0.6050 0.6280
Supports 0.5580 0.5450 0.5180
Published on Mon, Dec 22 2008, 04:58 GMT
14
0
Weekly Currency Outlook
Mon, Dec 15 2008, 04:34 GMT
by Zubair Ali Khan
Week 50 of 2008
Dec 15 - Dec 19EURUSD (1.3375)
EURUSD semms to have completed its correction and is expected to return to
its downward trend.
Selling around 1.3380 seems to be a very good opportunity to target 1.3130
level initially which can then be further extended to 1.2980 level.
Resistances 1.3550 1.3720 1.3880
Supports 1.2820 1.2520 1.2320
GBPUSD (1.4947)
GBPUSD is setting itself up for a nice move below 1.4700 level and for
that, traders will look to sell GBPUSD around 1.5000 level.
RSI in weekly charts is just below 28 and has opened up enough to allow
GBPUSD to take a good dip again.
Resistances 1.5120 1.5250 1.5530
Supports 1.4650 1.4450 1.4320
USDJPY (91.02)
USDJPY is moving nicely in its downward trend and it seems that the moment
will continue during this week as well.
Currently traders will look to sell USDJPY for anything between 92.70 and
93.30 levels for targets around 91.00 level.
Resistances 93.90 95.60 97.50
Supports 88.00 86.50 85.00
USDCHF (1.1764)
USDCHF has taken godd correction and it seems that USDCHF will resume
upward trend from this level.
Traders will look to buy USDCHF around 1.1750 for initial target at 1.1980
which could be further extended to 1.2100 level.
Resistances 1.2000 1.2120 1.2250
Supports 1.1720 1.1580 1.1480
Published on Mon, Dec 15 2008, 04:34 GMT
10
1
Weekly Currency Outlook
Mon, Dec 1 2008, 04:40 GMT
by Zubair Ali Khan
Week 49 of 2008
Dec 01 - Dec 05EURUSD (1.2700)
EURUSD has settled back into downward trend. Traders will look to sell EURUSD on rise to 1.2900 level initially for 1.2580 which could be further extended to 1.2430 level.
RSI in weekly charts is at 27.37 and seems to have enough space for a nice move below 1.2400 level. Break of 1.2380 level will take EURUSD below 1.2200 level.
Resistances 1.3120 1.3320 1.3550
Supports 1.2380 1.2180 1.2000
GBPUSD (1.5402)
GBPUSD seems to continue its short term upward trend towards 1.5500 level and break of that level can extend its upward move towards 1.5800 level. Selling GBPUSD at 1.5500 seems a good entry for target of 1.5260 and if GBPUSD extends its upward move, the trade can be averaged out at by selling another GBPUSD at 1.5800 level. RSI is at 28.40 in weekly charts and don't seems to play much part in GBPUSD movement at the moment.
Resistances 1.5535 1.5880 1.6100
Supports 1.4850 1.4550 1.4380
USDJPY (95.55)
USDJPY is currently being traded in sideways trend and the same pattern seems to continue this week. A good seel can be seen around 97.00 level. for intial target at 94.60 which can be further extended to 93.60
RSI is at 32.46 in weekly charts and thus have more than enough space for a move towards 94.00 level.
Resistances 97.80 99.50 100.80
Supports 94.50 93.50 90.80
NZDUSD (0.5489)
NZDUSD seems to have completed its correction and is gradually settling back into its downward trend. Selling around 0.5550 seems a very good entry for initial target at 0.5380 which can be further extended to 0.5220 level.
RSI is at 27.37 in weekly charts and have opened up enough space for a nice move towards 0.5250 level.
Resistances 0.5620 0.5780 0.5950
Supports 0.5350 0.5180 0.5000
Published on Mon, Dec 1 2008, 04:40 GMT
11
0
Weekly Currency Outlook
Mon, Nov 24 2008, 05:01 GMT
by Zubair Ali Khan
Week 48 of 2008
Nov 14 - Nov 28EURUSD (1.2577)
EURUSD is expected to continue its downward trend this week and break of 1.2400 will set 1.2320 as next target for EURUSD, break of 1.2320 will take it towards 1.2180 level. But before doing so, we might see some upward move towards 1.2820 level from EURUSD which might further extend towards 1.2930 level. In general selling EURUSD for anything over 1.2800 seems a very good trading opportunity during this week.
Resistances 1.2680 1.2820 1.2930
Supports 1.2320 1.2180 1.1820
GBPUSD (1.4866)
GBPUSD might take a rise towards 1.5000 level before resumming its downward move during this week. Initial sell can be seen around 1.4950 level and if GBPUSD extends its upward move, the position could be averaged around 1.5250 level for a move below 1.4700 level which is expected to extend towards 1.4650 level.
Resistances 1.4950 1.5080 1.5250
Supports 1.4650 1.4550 1.4380
USDJPY (95.97)
USDJPY seems to gradually get into selling trend but at the same time it is providing equally good buying opportunities. Currently a good weekly sell can be seen around 96.50 level for target below 94.00 level.
Resistances 97.00 98.20 99.80
Supports 93.50 91.90 90.80
Published on Mon, Nov 24 2008, 05:01 GMT
3
3
Weekly Currency Outlook
Mon, Nov 17 2008, 07:26 GMT
by Zubair Ali Khan
Week 47 of 2008
EURUSD (1.2686)
EURUSD is expected to continue its downward trend this week and break of 1.2600 will set 1.2500 as next target for EURUSD, break of 1.2500 will take it towards 1.2320 level. But before doing so, we might see some upward move towards 1.2820 level from EURUSD which might further extend towards 1.2930 level. In general selling EURUSD for anything over 1.2800 seems a very good trading opportunity during this week.
Published on Mon, Nov 17 2008, 07:26 GMT
0
0
Majors
Mon, Nov 10 2008, 22:36 GMT
by Zubair Ali Khan
Week 46 of 2008
Nov 10 - Nov 14
EURUSD (1,2762)
EURUSD is expected to resume it downward trend this week and break of
1.2600 will set 1.2400 as next target for EURUSD, break of 1.2400 will
take it towards 1.2250 level. But before doing so, we might see some
upward move above 1.2900 level from EURUSD which might further extend
towards 1.3000 level. In general selling EURUSD for anything over
1.2900 seems a very good trading opportunity during this week. RSI is
just below 26 and still seems to have enough space for EURUSD to make
a dip towards 1.2600 level.
Resistances 1.2950 1.3100 1.3280
Supports 1.2520 1.2320 1.2200
GBPUSD (1.5670)
GBPUSD is also looking good for a nice downward move during this week.
Initial sell can be seen around 1.5800 level and if GBPUSD extends its
upward move, the position could be averaged around 1.6000 level for a
move below 1.5600 level which is expected to extend towards 1.5350
level. RSI is at 23 and we might see some short term upward move which
will also provide selling opportunities for traders.
Resistances 1.6100 1.6400 1.6700
Supports 1.5450 1.5250 1.5000
USDJPY (98.29)
USDJPY seems to stay in range trade for last few days and sooner or
later it is expected to break into one side. The most expected side to
break seems the downward side and thus selling USDJPY starting from
99.00 level seems good entry. RSI is also comfortably place over 36
and thus have good margin for a nice move towards 95.00 level.
Resistances 99.40 101.50 103.50
Supports 96.75 95.75 93.50
USDCHF (1.1767)
USDCHF might take an early dip towards 1.1580 before resumming its
upward trend. Buying USDCHF for initial target of 1.1880 level will be
a good trade. Break of 1.1880 will set 1.2000 as new target level for
USDCHF. RSI is above 68 at the moment and seems to support upward move
towards 1.2000 level during this week.
Resistances 1.1800 1.1880 1.2000
Supports 1.1680 1.1580 1.1480
Published on Mon, Nov 10 2008, 22:36 GMT
0
0
EURUSD, GBPUSD, USDJPY and USDCHF
Fri, Nov 7 2008, 11:00 GMT
by Zubair Ali Khan
EURUSD (1.3804)
EURUSD took a very sharp dip dip during last week and the same momentum seems to continue this week. EURUSD is expected to break below 1.3600 early this week and we might see a correction from this level. Break of 1.3600 level will take it towards 1.3450 level and the momentum might continue towards 1.3350 level. On the above side, we might see correction extended above 1.4000 level and long term traders will be aimming to sell EURUSD for anything above 1.4000 level. Resistances 1.4080 1.4180 1.4439 Supports 1.3680 1.3450 1.3340
GBPUSD (1.7747)
GBPUSD is moving nicely into its downward trend and took a bit of correction by the end of last week. GBPUSD seemed to settke back to its downward trend during this week and we might see 1.7550 level initially being tested by GBPUSD, break of which will set 1.7450 as new target for GBPUSD. It is expected that GBPUSD might extend its move towards 1.7230 before the end of this week. Resistances 1.7950 1.8050 1.8150 Supports 1.7550 1.7450 1.7230
USDJPY (105.14)
USDJPY is setting itself up for a move below 103.00 level therefore traders will generally look to sell USDJPY during this week. Aggressive traders might look to sell USDJPY early for anything above 105.00 level but others will look to sell it just above 106.00 level. USDJPY is expected to take early dip and then traders will look to sell USDJPY on rise to have its retracement. Resistances 106.50 107.20 108.40 Supports 104.80 103.50 102.50
USDCHF (1.1272)
USDCHF seems to have completed its retracement 2-3 weeks before the last one and currently is looking good to move towads 1.1400 level. Traders will look to buy USDCHF in 1.1100-50 range for target at 1.1400 level. RSI is just above 60 and seems to have more than enough space for USDCHF to make a move towards 1.1400 level during this week. Resistances 1.1420 1.1580 1.1600 Supports 1.1100 1.1050 1.0850
Published on Fri, Nov 7 2008, 11:00 GMT
Archive
- November 02 - November 06
Published On Sun, Nov 1 2009, 17:39 GMT - October 19 - October 23
Published On Sun, Oct 18 2009, 21:08 GMT - October 12 - October 16
Published On Sun, Oct 11 2009, 21:13 GMT - September 21 - September 25
Published On Sun, Sep 20 2009, 18:55 GMT - Weekly Currency Outlook
Published On Tue, Sep 8 2009, 03:26 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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