| End of 2nd Quarter (2011) | End of 4th Quarter (2011) | |
| EURUSD | 1.2000 – 1.2500 | 1.0000 – 1.0500 |
| USDJPY | 93.00 – 97.00 | 100.00 – 105.00 |
| EURCHF | 1.2300 – 1.2800 | 1.0500 – 1.1000 |
| XAUUSD | $1550 – $1652 | $1800 – $1902 |
| AUDUSD | 1.0100 – 0.9100 | 1.0100 – 0.9100 |
| USDZAR | 6.2000 – 6.4000 | 6.9000 – 7.1000 |
| EURZAR | 8.6000 – 8.7000 | 8.0000 – 8.2000 |
| GBPUSD | 1.4200 – 1.3700 | 1.3500 – 1.3000 |
| GBPZAR | 10.0000 – 9.5000 | 8.5000 – 8.0000 |
| AUDZAR | 6.4000 – 6.3500 | 6.10000 – 6.0500 |
Saturday, January 1, 2011
Expected trading ranges for 2011
Friday, December 31, 2010
Changing in sl eurusd trade
EURUSD will return in 2011 to 3196 we will continue in our trade and strong it from there with another buy order in 3196 so will change our SL to 3190 SP TO 3781. changing
EURUSD EXCHANGE RATE IN 2010
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EUR/USD Outlook
Price going up to 3496 after the break of 3357 resistant then 3581 after the break of 3496 then 3857 if the price reverse under 3357 we will go down to 3054 support ..
EUR/USD Pivot Points
Thursday, December 30, 2010
EUR/USD Mid-Day Outlook (action forex)
Daily Pivots: (S1) 1.3126; (P) 1.3182 (R1) 1.3281
EUR/USD's recovery from 1.3054 extends further today but is still limited below 1.3358 resistance. There is no indication that rise from 1.2969 is resuming yet. We'll stay neutral. On the downside, below 1.3054 will bring another fall to 1.2969. Break will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
In the bigger picture, current development suggests that fall from 1.4281 is still in progress. Also it revives the case that correction from 1.6039 is still in progress for another low below 1.1875. Break of 1.2969 will solidify this bearish case and further break of 1.2643 will confirm and target 1.1875 support first. on the upside, though, break of 1.3496 resistance will mix up the outlook again.
Wednesday, December 29, 2010
U.S. dollar trades champion today
2010-12-28 18:25:06 GMT Returned the U.S. dollar on Tuesday to rally against most major currencies after falling in the trading day early, because of poor data released today by the major economies, which drew investors towards safe havens, or about the U.S. dollar and gold, away from high-yielding currencies and equities .
Has been issued for the U.S. economy today, read the index of consumer confidence and for the month of December, to show the cursor down to up to 52.5 compared with the previous reading, which amounted to 54.1, which was adjusted to 54.3 and the lowest of expectations, which amounted to 56.3, while the index showed the S & P house prices continued decline in U.S. house prices and the worst of expectations.
We have seen today rising dollar index, which measures the performance of the dollar against six major currencies including the euro and the Japanese yen and the pound sterling, and currently trading at levels of 80.27 since the opening of trading at levels of 79.88, its highest level during the day at 80.46 and achieving its lowest level during the day at 79.60 , while gold has witnessed a rise on the daily chart during the current period and currently trading at 1404.21 U.S. $ per troy ounce, since the opening of trading at 1384.00 U.S. $ per troy ounce, while oil has risen too, in trading today, but slightly to reach 91.47 dollars per barrel, since the opening of trading at levels of 91.12 U.S. dollars a barrel.
This we have seen today lower EUR / USD, after failing to settle above the level of 1.3240 U.S. dollars, noting that the levels of the opening which now amount to 1.3189 dollars, has made the husband the highest levels at 1.3274 dollars during the day, while has the lowest at 1.3094 dollars with the knowledge that her husband had fallen and currently trading at 1.3115 dollars, so the pair is the next support point at 1.3080 dollars, with reference to the continued trading under Zouh levels of $ 1.3240 confirms that the pair is heading towards U.S. $ 1.3080 levels.
The pair GBP / USD has fallen during the day, where he started trading today at $ 1.5445, has made the husband the highest levels at 1.5511 dollars during the day, while has the lowest at 1.5345 U.S. dollars, while the traded pair now at 1.5366 U.S. dollars, and this the remains to confirm our expectations that the pair will complete the decline today to target levels of 1.5315, indicating that the pair traded above the level of 1.5640 dollars eliminates the expectations about the behavior of the pair wave downward.
In the end, mentioning the man the U.S. dollar - Japanese yen has fallen husband during today's trading session, where the husband had started trading at 82.75 yen, has made the husband the highest levels at 82.77 yen during the day, while has the lowest at 81.81 yen, while The pair is currently at 82.26 yen, so the pair is currently trading below the levels Almqazemp at 82.30 yen, with reference to the continuing circulation of the husband under those levels will lead the pair towards the levels of 82.35 yen
Tuesday, December 28, 2010
EURUSD 28/12 (ACTION FOREX)
Intraday bias in EUR/USD is neutral for the moment as recovery from 1.3054 continues. We'd still slightly favor another fall with 1.3357 minor resistance intact. Below 1.3054 will target a retest on 1.2969 and break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
In the bigger picture, current development suggests that fall from 1.4281 is still in progress. Also it revives the case that correction from 1.6039 is still in progress for another low below 1.1875. Break of 1.2969 will solidify this bearish case and further break of 1.2643 will confirm and target 1.1875 support first. on the upside, though, break of 1.3496 resistance will mix up the outlook again.
In the bigger picture, current development suggests that fall from 1.4281 is still in progress. Also it revives the case that correction from 1.6039 is still in progress for another low below 1.1875. Break of 1.2969 will solidify this bearish case and further break of 1.2643 will confirm and target 1.1875 support first. on the upside, though, break of 1.3496 resistance will mix up the outlook again.
GBP/USD Pivot Points
| GBPUSD | H | 4H | D | W | M |
|---|---|---|---|---|---|
| R3 | 1.5503 | 1.5507 | 1.5547 | 1.5781 | 1.6893 |
| R2 | 1.5489 | 1.5497 | 1.5502 | 1.5679 | 1.6596 |
| R1 | 1.5459 | 1.5486 | 1.5460 | 1.5557 | 1.6078 |
| PP | 1.5445 | 1.5476 | 1.5415 | 1.5455 | 1.5781 |
| S1 | 1.5415 | 1.5465 | 1.5373 | 1.5333 | 1.5263 |
| S2 | 1.5401 | 1.5455 | 1.5328 | 1.5231 | 1.4966 |
| S3 | 1.5371 | 1.5444 | 1.5286 | 1.5109 | 1.4448 |
Last Updated: Dec 28 08:25 GMT
EUR/USD Pivot Points
| EURUSD | H | 4H | D | W | M |
|---|---|---|---|---|---|
| R3 | 1.3244 | 1.3279 | 1.3297 | 1.3336 | 1.5167 |
| R2 | 1.3238 | 1.3267 | 1.3233 | 1.3268 | 1.4725 |
| R1 | 1.3224 | 1.3250 | 1.3199 | 1.3190 | 1.3853 |
| PP | 1.3218 | 1.3238 | 1.3135 | 1.3122 | 1.3411 |
| S1 | 1.3204 | 1.3221 | 1.3101 | 1.3044 | 1.2539 |
| S2 | 1.3198 | 1.3209 | 1.3037 | 1.2976 | 1.2097 |
| S3 | 1.3184 | 1.3192 | 1.3003 | 1.2898 | 1.1225 |
Last Updated: Dec 28 08:20 GMT
Monday, December 27, 2010
Forex analysis 28/12/2010.....
In the end of the day 27/12 we see the eurusd in a side trend we will wait for break to enter.But in the gbp we can see the retreat from 5369 to 5410 but we still in our trading.with this new conditions in 28/12 if the price break 5456 we will close our trade and go long with the price but if the price continue its fall we will wait for breaking 5370 support to continue our trading safely to 5356 then 5296.
Our working trade:-
GBP/USD
ENTRY @ 5403
SP1 @ 5356
SP2 @ 5296
SL @ 5457
---REMEMBER JUST RISK 5% OF YOUR TOTAL BALANCE IN THE TRADE---
Fell free to comment and gave me your opinion
Our working trade:-
GBP/USD
ENTRY @ 5403
SP1 @ 5356
SP2 @ 5296
SL @ 5457
---REMEMBER JUST RISK 5% OF YOUR TOTAL BALANCE IN THE TRADE---
Fell free to comment and gave me your opinion
GBP/USD Elliott Wave Analysis (action forex)
EUR/USD: Wave (B) ended at 1.5145 and wave 1 of (C) ended at 1.1876
Although the single currency rose again after holding above previous support at 1.3164, as euro met renewed selling at 1.3500 and retreated sharply last week, retaining our bearishness and current break of said support at 1.3164 suggests the recovery from 1.2969 has ended at 1.3500, hence further fall to minor support at 1.3060 would be seen. Having said that, a break of this support is needed to retain our bearishness and signal the correction from 1.2969 has ended, bring further fall to 1.3000, then retest of 1.2969. Looking ahead, a break of 1.2969 support would extend recent decline from 1.4283 top for weakness to 1.2900, then towards 1.2795 (61.8% Fibonacci retracement of 1.1876 to 1.4283) later.
Our preferred count on the daily chart remains that a wave (B) from 1.2329 ended at 1.5145 with A-leg ended at 1.4720, followed by wave B at 1.2457, the wave C from there was also a 3 legged move and is labeled as (a): 1.3739, (b): 1.2885, the wave iii of the 5-waver (c) from 1.2885 has ended at 1.4339 and wave iv is a triangle ended at 1.3878 and wave v formed a top at 1.5145.
The decline from there is a 5-waver (C) with minor wave (i) of I of (C) ended at 1.4218 with wave (ii) ended at 1.4580, wave (iii) ended at 1.3267 and wave (iv) ended at 1.3692 and wave (v) ended at 1.1876, this is also the low of wave I of (C) and wave II has commenced from there with (a) leg ended at 1.3334, hence (b) leg correction ended at 1.2588 and (c) leg as well as wave II has ended at 1.4283.
On the upside, whilst recovery to 1.3300 cannot be ruled out, Friday’s high at 1.3360 should hold and bring such a decline to aforesaid downside targets. Only a daily close above 1.3400/10 would risk another test of resistance at 1.3500, above would bring a stronger retracement of recent decline to 1.3550 and possibly 1.3626 (50% Fibonacci retracement of 1.4283 to 1.2969), however, price should falter well below 1.3781-86 (61.8% Fibonacci retracement and previous resistance), bring another decline later.
Recommendation: Sell at 1.3300 for 1.3070 with stop above 1.3400.
Euro's long-term uptrend started from 0.8228 (26 Oct 2000) with an impulsive structure. The rise from 0.8228 to 0.9593 (5 Jan 2001) is labeled as wave I, the retreat to 0.8352 (6 Jul 2001) is wave II and the rally to 1.3670 (31 Dec 2004) is wave III. Wave IV from there ended at 1.1640 (15 Nov 2005), the subsequent upmove to 1.6040 (July 15, 2008) is treated as wave V, the major selloff from the record high of 1.6040 to 1.2329 (October 27, 2008) signals a correction of the long-term uptrend has taken place with (A) leg ended at 1.2329 and once (B) wave finishes, wave (C) will take euro lower to chart support at 1.1640.
The rebound from 1.1876 calls for an alternate count that only wave III ended at 1.6040 and the (A)-(B)-(C) is wave IV which ended at 1.1876 but above resistance at 1.5145 is needed to put this as our preferred count, then wave V would bring retest of 1.6040.
Although the single currency rose again after holding above previous support at 1.3164, as euro met renewed selling at 1.3500 and retreated sharply last week, retaining our bearishness and current break of said support at 1.3164 suggests the recovery from 1.2969 has ended at 1.3500, hence further fall to minor support at 1.3060 would be seen. Having said that, a break of this support is needed to retain our bearishness and signal the correction from 1.2969 has ended, bring further fall to 1.3000, then retest of 1.2969. Looking ahead, a break of 1.2969 support would extend recent decline from 1.4283 top for weakness to 1.2900, then towards 1.2795 (61.8% Fibonacci retracement of 1.1876 to 1.4283) later.
Our preferred count on the daily chart remains that a wave (B) from 1.2329 ended at 1.5145 with A-leg ended at 1.4720, followed by wave B at 1.2457, the wave C from there was also a 3 legged move and is labeled as (a): 1.3739, (b): 1.2885, the wave iii of the 5-waver (c) from 1.2885 has ended at 1.4339 and wave iv is a triangle ended at 1.3878 and wave v formed a top at 1.5145.
The decline from there is a 5-waver (C) with minor wave (i) of I of (C) ended at 1.4218 with wave (ii) ended at 1.4580, wave (iii) ended at 1.3267 and wave (iv) ended at 1.3692 and wave (v) ended at 1.1876, this is also the low of wave I of (C) and wave II has commenced from there with (a) leg ended at 1.3334, hence (b) leg correction ended at 1.2588 and (c) leg as well as wave II has ended at 1.4283.
On the upside, whilst recovery to 1.3300 cannot be ruled out, Friday’s high at 1.3360 should hold and bring such a decline to aforesaid downside targets. Only a daily close above 1.3400/10 would risk another test of resistance at 1.3500, above would bring a stronger retracement of recent decline to 1.3550 and possibly 1.3626 (50% Fibonacci retracement of 1.4283 to 1.2969), however, price should falter well below 1.3781-86 (61.8% Fibonacci retracement and previous resistance), bring another decline later.
Recommendation: Sell at 1.3300 for 1.3070 with stop above 1.3400.
The rebound from 1.1876 calls for an alternate count that only wave III ended at 1.6040 and the (A)-(B)-(C) is wave IV which ended at 1.1876 but above resistance at 1.5145 is needed to put this as our preferred count, then wave V would bring retest of 1.6040.
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EURUSD Analysis 27/12/2010
WE are now waiting a confirmation that the trend had changed to the up side the confirmation by breaking the down trend. will make us go in long position with sp1 3200 and sp2 3558 hope u successful trading.
27/12 Daily Pivot points
Dec 27 06:00 GMT Daily
Based on Bar of Dec 24 21:59 GMT |
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Sunday, December 26, 2010
GPBUSD Analysis for 27/12/2010
LIKE WE SAY BEFORE WE NOW WILL WAIT THE BREAK OF 1.5493 IN THE UP SIDE VIEW .
then to the break of the down trend to 1.5909. if the price cant break the resistant line at 5493 so it shall continue falling to 1.5358 then 1.5296.till now no signal available.
then to the break of the down trend to 1.5909. if the price cant break the resistant line at 5493 so it shall continue falling to 1.5358 then 1.5296.till now no signal available.
EURUSD Analysis for 27/12/2010
IN the up side if the price break the down trend it will rise to 1.3200 then 1.3358 .break of 1.3358 will make the price rise to 3496 and above.in the down side break of 1.3055 support then to 1.2969. no trading signal till now the trading signal will post in Monday.
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