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  1. #21
    Profiforex_Victory is offline Junior Member
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    Weekly Forex Analysis For Major Currency Pairs
    (June 18 - 23) - Profiforex.com


    EURUSD
    There was sideways movement in the EURUSD for last week which was more in the uptrend. However the trend for most EUR pairs is a downtrend. Therefore for this week, the downtrend would be strengthened if the pair falls down below 1.1100 where there is a crucial support line. For this week, it is possible for the EURUSD to drop down to the support line located at 1.1050, even as further down to the support level located at 1.1000. One thing that would determine price movement of this pair for this week and next is the release of euro zone surveys. Traders will be looking at the PMI reports of Germany and France to gauge the performance of the Eurozone economy.

    Key Levels: R1- 1.1281, R2- 1.1370, R3- 1.1444. S1- 1.1118, S2- 1.1044, S3- 1.0955

    USDJPY
    At the beginning of the previous week, there was sideways movement in the pair. By the end, a weak uptrend was forming such that the USDJPY closed above 110.50 where there is a demand level. Most JPY pairs are facing a downtrend now, therefore any increase this week is unlikely to change the pair to an uptrend. Traders will be looking to the initial jobless claims to be published by the US later this week to know how well the US economy is growing.
    Key Levels: R1- 111.91, R2- 112.97 R3- 114.53, S1- 109.29, S2- 107.73, S3- 106.67

    USDCHF
    By the end of last week, the USDCHF was making slight gains. But these gains are not very significant and are not strong enough to make the trend an uptrend. The condition for this to change is the USDCHF breaking above the crucial resistance level located at 0.9900. One thing that would determine price movement in this pair is statement coming from Fed Vice Chair Stanley Fischer, as well as other Fed officials like Boston Fed President Eric Rosengren. Such comments would give traders hint to the next rate hikes.
    Key Levels: R1- 0.9792, R2- 0.9846 R3- 0.9922, S1- 0.9662, S2- 0.9586, S3- 0.9532

    GBPUSD
    There was increased volatility in the paid by the end of the previous week. This resulted in the pair being neutral for this week. For a clear trend to form, the GBPUSD needs to move significantly in one direction. Therefore for an uptrend to form, the GBPUSD needs to break past 1.2900 where there is a significant distribution territory. On the other hand, for the pair to form a downtrend, the pair needs to break past the accumulation territory located at 1.2600. Till this happens, the trend remains neutral. Price movement will also be affected by Brexit developments as traders look forward to the political drama and how the pull out will be carried out.
    Key Levels: R1- 1.2847, R2- 1.2921 R3- 1.3026, S1- 1.2668, S2- 1.2563, S3- 1.2489

  2. #22
    Profiforex_Victory is offline Junior Member
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    Forex Analysis For Major Currency Pairs
    (June 25 - July 1)
    Profiforex.com



    EURUSD
    There is no much movement from this pair. After moving between the resistance line at 1.1250 and the support line at 1.1100, no other significant movement was seen last week. The Dollar index fell to a fresh 12-day low at 96.80. It rose back above the 97 handle as the low summer trading volume is making it difficult for any type of price action to become sustainable. This led to a neutral bias that will hold until that range is breached. An up-move is most likely this week.
    Key levels: R1 – 1.1203, R2 – 1.1208, R3 – 1.1215. S1 – 1.1192, S2 – 1.1185, S3 – 1.1181

    USDJPY
    The pair’s outlook is now neutral. Tomorrow's macroeconomic calendar won't be offering any data that could directly impact the pair's price action. Ahead of Fed Chairwoman Yellen's speech later in the NA session on Tuesday, the pair could continue to move in a consolidation channel. The bullish signal generated on June 15 was rendered ineffectual owing to an inability to push price upwards, and may result in a smooth bearish run before the end of this week as the outlook for JPY pairs is bearish.
    Key levels: R1 – 111.35, R2 – 111.44, R3 – 111.54. S1 – 111.16, S2 – 111.05, S3 – 110.96

    GBPUSD
    Despite the initial reaction to the data, the overall market volatility remains very low on the first trading day of the week. Even the fresh developments from the U.K. couldn't help the pair find a short-term direction. The pair continued its the bearish trend that started on June 9. Price dropped to test the accumulation territory at 1.2600, and later bounced up, to close above the accumulation territory at 1.2700. Meanwhile, the outlook for this and certain other GBP pairs remains bearish for this week. Price may reach the accumulation territories of 1.2700, 1.2650 and 1.2600 - all of which were tested last week.
    Key levels: R1 – 1.2749, R2 – 1.2755, R3 – 1.2764. S1 – 1.2735, S2 – 1.2726, S3 – 1.2720

    EURJPY
    A decline of the yen amid risk appetite and some resilience from the euro, particularly after the upbeat IFO survey data, helped price, move north Bullishness has been maintained, despite the odds against it. Price oscillated between the demand zone at 123.50 and the demand zone at 124.50 (formerly a supply zone) last week and, since price closed above 124.50, imminent bullish intent has been revealed.
    Key levels: R1 – 124.69, R2 – 124.77, R3 – 124.91. S1 – 124.47, S2 – 124.33, S3 – 124.25

  3. #23
    Profiforex_Victory is offline Junior Member
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    Forex Analysis For Major Currency Pairs
    (July 2nd - July 7)
    Profiforex.com



    GBPUSD
    This pair saw a rise up to 310 pips last week and ended the week at 1.3000 on Friday. This week, the green back is having some good run, which is making the GBPUSD to dangle around the 1.2995 region. It seems the GBP is about to retreat 0.25 percent with PMI in view. The PMI for the month of June will be relevant to the movement of the pair. There could be further gains during the week, but for now the general outlook is bearish.
    Key levels: R1 – 1.3026, R2 – 1.3036, R3 1.3046, S1 – 1.3006, S2 – 1.2995, S3 – 1.2985


    EURUSD
    The bullish breakout last week put an end to the neutral bias that had been in place since June 12 as price climbed more than 250 pips and almost reached the resistance line at 1.1450 before closing above the support line at 1.1400. A Bullish Confirmation Pattern has formed, making further bullish movements a possibility. The outlook on EUR pairs is bearish for this week, with a bearish run being likely before the end of this week.
    Key Levels: R1 – 1.1427, R2 – 1.1433, R3 – 1.1438. S1 – 1.1416, S2 – 1.1411, S3 – 1.1405


    USDCHF
    There Is no significant movement this week for the USDCHF. Although last week saw a quick drop which tested the support level at 0.9550 before closing near the resistance level at 0.9600. Fundamental outlook shows bearish, but this could change if the EURUSD drops this week.
    Key Levels: R1 – 0.9597, R2 – 0.9604, R3 – 0.9613. S1 – 0.9580, S2 – 0.9570, S3 – 0.9563


    USDJPY

    The pair showed burst strength and has now jumped to fresh new session at 112.80. There was a slow climb last week - testing the supply level at 112.50, but failing to close above it. The defeat of the Japanese Prime Minister during the Tokyo Metropolitan Assembly elections produced a bearish gap for the pair on Monday. However, such weakness was quickly in the past as the pair recovered back to almost one and half month highs as it did on Thursday last week.
    The incoming US ISM manufacturing PMI would hold a great influence on the sentiment surrounding the dollar and would provide a fresh impetus for the USDJPY during the NA early sections. Analysts believe the pair would likely test 113.00 to 113.20 resistant levels.
    Key Levels: R1 – 112.46, R2 – 112.59, R3 – 112.78. S1- 112.15, S2 – 111.96, S3 – 111.83

  4. #24
    Profiforex_Victory is offline Junior Member
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    Profiforex Weekly Forex Analysis for Major Currency pairs
    July 9th - July 14th



    EURUSD
    The pair was on a bearish trend from Monday to Wednesday before rallying on Thursday, but closed on a bullish note on Friday. So far, the pair has managed to keep its upward movement, wavering around 1.1400 for now. It definitely needs to beat the 1.1450 region to keep up with its bullish trend. The bulls are losing patience with the EUR after several attempts to break through the critical level at 1.1450. The outlook is bullish for EUR pairs this week.
    Key Levels: R1 – 1.1408, R2 – 1.1413, R3 – 1.1422. S1 – 1.1395, S2 – 1.1386, S3 – 1.1381

    USDCHF
    The pair attempted to push upward last week, breaching the resistant level at 0.9650. Its movement was put to a halt as the pair lacked strength to move past the dominant bias. When the EURUSD came on strong, it caused the USDCHF to take a nose dive on Thursday. The Trend outlook for this pair is still bearish. Meanwhile, there is potential to move towards the 200 EMA once the immediate support represented by the 50 EMA is taken out.
    Key levels: R1 – 0.9644, R2 – 0.9651, R3 – 0.9656. S1- 0.9639, S2 – 0.9628, S3 – 0.9622

    GBPUSD

    Last week Friday the cable dropped from a high of 1.2975 and Forex strategists thinks it would likely remain neutral, navigating between 1.2800 and 1.2975. This pair is bullish in the long-term and bearish in the short-term. Price dropped 110 pips last week and closed below the distribution territory at 1.2900. The outlook for GBP pairs is strongly bullish this week and it is likely to test new high levels.
    Key levels: R1 – 1.2896, R2 – 1.2903, R3 – 1.2912. S1 – 1.2880, S2 – 1.2871, S3 – 1.2864

    USDJPY
    The pair reached a level close to the supply line at 114.06 after a massive 510 pip gain from June 14. Analysts believe that the pair would likely break above 114.36, equaling May high. If it reaches that level, we are likely going to see the price jumping from 114.50 to 115.00. Therefore, this pair is on a bullish trend this week, unless something big happens.

    Key Levels: R1 – 114.04, R2 – 114.16, R3 – 114.24. S1 – 113.83, S2 – 113.75, S3 – 113.63.

  5. #25
    Profiforex_Victory is offline Junior Member
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    Forex Analysis For Major Currency Pairs
    (July 16 - July 22nd)
    Profiforex.com



    EURUSD

    The EURUSD has been moving upward since June 27 and it has kept its strength, getting close to a support level at 1.1450 by the end of last week Friday. It tested the 1.1470/75 level during overnight trading at the end of last week. Starting this week, it is posting a marginal loss sliding down to 1.1460. The little loss was a result of adjustments from market participants to Friday’s poor results on U.S. inflation figures for the Month of June. This pair is losing 0.05% on Monday and a breach of 1.1439 could trigger a slide down to 1.1413/1.1369.
    Key levels: R1 – 1.1477, R2 – 1.1481, R3 – 1.1486. S1 – 1.1467, S2 – 1.1462, S3 – 1.1458

    GBPUSD
    It was a slow week for the GBPUSD, but a sharp movement was seen on Friday as it gained 240 pips. This week, the pair took a dive down as the U.S. dollar recovers, pushing the pair down to daily lows of 1.3089. Investors await the sentiment on the European market for fresh outlook later today. Brexit talks phase 2 starts today in Brussels, which would also affect prices depending on the outcome. The pair could get on its way to hit 1.3170 considering the bullish outlook of other GBP pairs.
    Key Levels: R1 – 1.3117, R2 – 1.3125, R3 – 1.3135. S1 – 1.3100, S2 – 1.3089, S3 – 1.3082


    USDCHF

    The pair pulled back from a near three-week top, but has been seen to regain its momentum and traded positively at the start of this week. The market is bearish in the long term and now it is bullish on the short term. Thanks to the disappointing CPI and sales reports, this has been the driving force of the pair as it moved up on Monday, early European session. To end its long term bearish outlook, the pair needs to breach the 0.9750 resistant levels. On the other hand, it could move below 0.9550 for a convincing bearish move.
    Key Levels: R1 – 0.9643, R2 – 0.9650, R3 – 0.9650. S1 – 0.9629, S2 – 0.9622, S3 – 0.9615


    USDJPY

    Bearish movement threatened the current bias for the USDJPY last week. At the start of this week, it recovered part of Friday’s loss (near two-week lows). A little recovery from the U.S dollar helped the pair to a positive bias on Monday, European session. The pair is currently placed at sessions tops near 112.75/80. If price drops below the demand level at 111.50, then a Bearish Confirmation Pattern will form, and only a strong rally can remove the threat to the current bias. On the other hand, if the pair sustains the 112.75/80 area, it could move above the 113.00 handle.
    Key Levels: R1 – 112.48, R2 – 112.71, R3 – 112.80. S1 – 112.34, S2 – 112.26, S3 – 112.12

  6. #26
    Profiforex_Victory is offline Junior Member
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    Forex Analysis For Major Currency Pairs
    (July 16 - July 22nd)

    Profiforex.com - Open Live Account|Demo account



    EURUSD

    The EURUSD has been moving upward since June 27 and it has kept its strength, getting close to a support level at 1.1450 by the end of last week Friday. It tested the 1.1470/75 level during overnight trading at the end of last week. Starting this week, it is posting a marginal loss sliding down to 1.1460. The little loss was a result of adjustments from market participants to Friday’s poor results on U.S. inflation figures for the Month of June. This pair is losing 0.05% on Monday and a breach of 1.1439 could trigger a slide down to 1.1413/1.1369.
    Key levels: R1 – 1.1477, R2 – 1.1481, R3 – 1.1486. S1 – 1.1467, S2 – 1.1462, S3 – 1.1458

    GBPUSD
    It was a slow week for the GBPUSD, but a sharp movement was seen on Friday as it gained 240 pips. This week, the pair took a dive down as the U.S. dollar recovers, pushing the pair down to daily lows of 1.3089. Investors await the sentiment on the European market for fresh outlook later today. Brexit talks phase 2 starts today in Brussels, which would also affect prices depending on the outcome. The pair could get on its way to hit 1.3170 considering the bullish outlook of other GBP pairs.
    Key Levels: R1 – 1.3117, R2 – 1.3125, R3 – 1.3135. S1 – 1.3100, S2 – 1.3089, S3 – 1.3082


    USDCHF

    The pair pulled back from a near three-week top, but has been seen to regain its momentum and traded positively at the start of this week. The market is bearish in the long term and now it is bullish on the short term. Thanks to the disappointing CPI and sales reports, this has been the driving force of the pair as it moved up on Monday, early European session. To end its long term bearish outlook, the pair needs to breach the 0.9750 resistant levels. On the other hand, it could move below 0.9550 for a convincing bearish move.
    Key Levels: R1 – 0.9643, R2 – 0.9650, R3 – 0.9650. S1 – 0.9629, S2 – 0.9622, S3 – 0.9615


    USDJPY

    Bearish movement threatened the current bias for the USDJPY last week. At the start of this week, it recovered part of Friday’s loss (near two-week lows). A little recovery from the U.S dollar helped the pair to a positive bias on Monday, European session. The pair is currently placed at sessions tops near 112.75/80. If price drops below the demand level at 111.50, then a Bearish Confirmation Pattern will form, and only a strong rally can remove the threat to the current bias. On the other hand, if the pair sustains the 112.75/80 area, it could move above the 113.00 handle.
    Key Levels: R1 – 112.48, R2 – 112.71, R3 – 112.80. S1 – 112.34, S2 – 112.26, S3 – 112.12

  7. #27
    Profiforex_Victory is offline Junior Member
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    Profiforex Weekly Forex Analysis for Major Currency pairs
    July 23rd - July 28th



    EURUSD

    Last week, the pair gained 210 pips and closed above the support line at 1.1650. Following the release of the EMU’s PMI on Monday, there is a recovery in the demand for the dollar and this forced the pair to fall from a near high of 1.1690 to 1.1640 regions. Meanwhile the pair is likely test the resistance lines at 1.1700, 1.1750 and 1.1800 this week.
    Key Levels: R1- 1.1690, R2 – 1.1699, R3 – 1.1714. S1 – 1.1667, S2 – 1.1652, S3 – 1.1643.


    GBPUSD
    The pair begins this week on a positive note, moving upward again to 1.3000 as it awaits the opening bell. It tested the distribution territory at 1.3100 last week before a correction that took it to 1.2950. Concerns over the UK politics and Brexit seem to have eased, and this is why the Pound found its feet again. Movement above the distribution territory at 1.1300 will help restore bullish confidence, but movement below the accumulation territory at 1.2800 could result in a bearish bias. Presently the pair is gaining 0.20% at 1.3040, which opens the door to 1.3115 and 1.3127.
    Key Levels: R1 – 1.3014, R2 – 1.3022, R3 – 1.3033. S1 – 1.2995, S2 – 1.2984, S3 – 1.2976.


    USDJPY

    The pair is yet to recover from 4-week lows and remains near the 111.20 region after the European stocks opened this week. Price dropped 140 pips last week (330 pips since July 11), tested the demand level at 111.00, and will most likely breach it this week. The Hawks could be disappointed this week as investors await the FOMC policy decision due on Wednesday. The pair’s movement is very much uncertain, but there is a strong chance that price will fall further due to the concerns about the US political affairs.
    Key Levels: R1 – 111.10, R2 – 111.32, R3 – 111.43. S1 – 110.77, S2 – 110.66, S3 – 110.44.


    EURJPY

    The pair has shown little or no movement as it flirts around the 129.00 handle. Previously the pair recorded some gains after the ECB actions, but there a reversal and this is still maintained on Monday. Investors are under pressure to sell since the EURO-zone PMI prints failed to boost the pair. However, the Euro strength has allowed the bullish bias to hold but, this week, the supply zones at 130.50 and 131.00 will likely be tested. On the other hand, if the 128.55/50 region is breached; the price could slide towards 128.00 and down.
    Key Levels: R1 – 126.59, R2 – 129.88, R3 – 129.99. S1 – 129.59,, S2 – 129.30, S3 – 129.12.

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