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Partner of NewForex: Daily Technical Analysis for The Majors

Forecast EUR/USD for Friday 29 April 2015

Support 1: 1.0897
Support 2: 1.0813

Resistance 1: 1.1028
Resistance 2: 1.1075


Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1005 or 1.1028 if support around 1.0944 hold. After which a pullback to 1.0944 - 1.0921 zone is possible.


Forecast USD/JPY for Friday 29 April 2015

Support 1: 118.70
Support 2: 118.53

Resistance 1: 119.12
Resistance 2: 119.37

Decline should be supported around 118.28 zone for rally to above 119.12. A clear break of 118.28 will damage this expected rally.


Forecast for GBP/USD Friday 29 April 2015

Support 1: 1.5230
Support 2: 1.5120

Resistance 1: 1.5396
Resistance 2: 1.5453


Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5355 or 1.5396 if support around 1.5286 hold. After which a pullback to 1.5286 - 1.5258 zone is possible.


Forecast USD/CHF for Friday 29 April 2015

Support 1: 0.9505
Support 2: 0.9458

Resistance 1: 0.9600
Resistance 2: 0.9647

Current upmove should be ended around 0.9576 - 0.9600. Any correction consolidation should find support in 0.9529 - 0.9505 zone.
 
Forecast EUR/USD for Friday 30 April 2015

Support 1: 1.0996
Support 2: 1.0864

Resistance 1: 1.1224
Resistance 2: 1.1320


Strength can extend to 1.1158 or 1.1224 as declines are expected to find support at 1.1044 or 1.0996. A fall below 1.0864 could turn it bearish.

Forecast USD/JPY for Friday 30 April 2015

Support 1: 118.63
Support 2: 118.25

Resistance 1: 119.39
Resistance 2: 119.75

Currently uptrend should end around 119.19 - 119.39 area. A correction down to below 118.63 is expected. A rise above 119.75 will abort the expected correction.

Forecast for GBP/USD Friday 30 April 2015

Support 1: 1.5344
Support 2: 1.5251

Resistance 1: 1.5514
Resistance 2: 1.5591


While below 1.5468 - 1.5514 it is more likely to fall further towards 1.5382 or 1.5344. Premature rise above 1.5514 could see it rising above 1.5591 zone.

Forecast USD/CHF for Friday 30 April 2015

Support 1: 0.9299
Support 2: 0.9204

Resistance 1: 0.9531
Resistance 2: 0.9668

Market should not go lower than 0.9368 - 0.9299. After this move down it should go up to 0.9483 - 0.9531 area.
 
Forecast EUR/USD for Friday 5 May 2015

Support 1: 1.1105
Support 2: 1.1063

Resistance 1: 1.1206
Resistance 2: 1.1266

It should register further gains to 1.1206 while 1.1105 - 1.1063 caps downside attempts.

Forecast USD/JPY for Friday 5 May 2015

Support 1: 120.00
Support 2: 119.86

Resistance 1: 120.27
Resistance 2: 120.41

Our preferred outlook is for a drift down to 120.00 or below 119.86. Resistances are at 120.14 and 120.14. A rise above 120.27 would delay but not abort this expected fall.

Forecast for GBP/USD Friday 5 May 2015

Support 1: 1.5082
Support 2: 1.5044

Resistance 1: 1.5166
Resistance 2: 1.5213

It may meet resistance in 1.5119 - 1.5128 zone for a drift down to 1.5082 zone, after which bounce to 1.5166 is anticipated.

Forecast USD/CHF for Friday 5 May 2015

Support 1: 0.9308
Support 2: 0.9276

Resistance 1: 0.9379
Resistance 2: 0.9417

While below 0.9341 or 0.9346 it could fall towards below 0.9308 or 0.9276. After which a corrective/consolidation activity is expected to 0.9363 zone.
 
Forecast EUR/USD for Friday 6 May 2015

Support 1: 1.1094
Support 2: 1.1002

Resistance 1: 1.1250
Resistance 2: 1.1315


Difficult to predict the next move. If first down it should hold 1.1126 or 1.1094. If first up it should face resistance in 1.1204 - 1.1250 zone to 1.1094 zone.

Forecast USD/JPY for Friday 6 May 2015

Support 1: 119.56
Support 2: 119.27

Resistance 1: 120.33
Resistance 2: 120.80

There is bearish potential for a fall to 119.80 - 119.56 while 120.03 - 120.18 resist. After this fall a recovery up to 120.18 or 120.33 is expected.

Forecast for GBP/USD Friday 6 May 2015

Support 1: 1.5108
Support 2: 1.5034

Resistance 1: 1.5237
Resistance 2: 1.5292


Currently uptrend should end around 1.5200 - 1.5237 area. A correction down to 1.5136 - 1.5108 is expected. A rise above 1.5292 will abort the expected correction.

Forecast USD/CHF for Friday 5 May 2015

Support 1: 0.9198
Support 2: 0.9131

Resistance 1: 0.9373
Resistance 2: 0.9480

There is bearish potential for a fall to 0.9198 while 0.9306 - 0.9339 resist. After this fall a recovery up to 0.9339 or 0.9373 is expected.
 
Forecast EUR/USD for Friday 7 May 2015

Support 1: 1.1224
Support 2: 1.1102

Resistance 1: 1.1420
Resistance 2: 1.1493


Current rise seems to be over near 1.1358 or 1.1420 for a retracement towards 1.1297 - 1.1261 area.

Forecast USD/JPY for Friday 7 May 2015

Support 1: 119.10
Support 2: 118.75

Resistance 1: 119.93
Resistance 2: 120.40

Current fall is near an end of wave around 119.10 zone, a rally should then procede to above 119.93. Fall below 118.75 would cancel this scenario.

Forecast for GBP/USD Friday 7 May 2015

Support 1: 1.5168
Support 2: 1.5090

Resistance 1: 1.5307
Resistance 2: 1.5368

Current upmove should be ended around 1.5268 - 1.5307. Any correction consolidation should find support in 1.5198 - 1.5168 zone.

Forecast USD/CHF for Friday 7 May 2015

Support 1: 0.9091
Support 2: 0.9020

Resistance 1: 0.9257
Resistance 2: 0.9352

Current fall is near an end of wave around 0.9091 zone, a rally should then procede to above 0.9257. Fall below 0.9020 would cancel this scenario.
 
Forecast EUR/USD for Friday 12 May 2015

Support 1: 1.1122
Support 2: 1.1090

Resistance 1: 1.1196
Resistance 2: 1.1238

It may meet resistance in 1.1155 - 1.1164 zone for a drift down to 1.1122 zone, after which bounce to 1.1196 is anticipated.

Forecast USD/JPY for Friday 12 May 2015

Support 1: 119.82
Support 2: 119.55

Resistance 1: 120.25
Resistance 2: 120.42

Currently uptrend should end around 120.26 - 120.25 area. A correction down to below 119.82 is expected. A rise above 120.42 will abort the expected correction.

Forecast for GBP/USD Friday 12 May 2015

Support 1: 1.5448
Support 2: 1.5311

Resistance 1: 1.5669
Resistance 2: 1.5751

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5734 or 1.5669 if support around 1.5531 hold. After which a pullback to 1.5531 - 1.5490 zone is possible.

Forecast USD/CHF for Friday 12 May 2015

Support 1: 0.9308
Support 2: 0.9274

Resistance 1: 0.9366
Resistance 2: 0.9389

One move lower to 0.9274 or 0.9251 is anticipated while below 0.9349 - 0.9366 area. Stop loss above 0.9389 zone.
 
Forecast EUR/USD for Friday 13 May 2015

Support 1: 1.1139
Support 2: 1.1064

Resistance 1: 1.1284
Resistance 2: 1.1354


Current upmove should be ended around 1.1246 - 1.1284. Any correction consolidation should find support in 1.1174 - 1.1139 zone.

Forecast USD/JPY for Friday 13 May 2015

Support 1: 119.68
Support 2: 119.50

Resistance 1: 120.16
Resistance 2: 120.46

Our preferred outlook is for a drift down to 119.68 or below 119.50. Resistances are at 119.86 and 119.98. A rise above 120.16 would delay but not abort this expected fall.

Forecast for GBP/USD Friday 13 May 2015

Support 1: 1.5582
Support 2: 1.5493

Resistance 1: 1.5736
Resistance 2: 1.5800


While below 1.5691 - 1.5736 it is more likely to fall further towards 1.5614 or 1.5582. Premature rise above 1.5736 could see it rising above 1.5800 zone.

Forecast USD/CHF for Friday 13 May 2015

Support 1: 0.9217
Support 2: 0.9141

Resistance 1: 0.9364
Resistance 2: 0.9435

It should trade higher to 0.9364 or above 0.9435 in extention. Supports at 0.9252 and 0.9217. Stop loss below 0.9141 zone.
 
Forecast EUR/USD for Friday 14 May 2015

Support 1: 1.1244
Support 2: 1.1133

Resistance 1: 1.1424
Resistance 2: 1.1493

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1457 or 1.1424 if support around 1.1313 hold. After which a pullback to 1.1313 - 1.1278 zone is possible.

Forecast USD/JPY for Friday 14 May 2015

Support 1: 118.78
Support 2: 118.41

Resistance 1: 119.78
Resistance 2: 120.41

Market should not go lower than 119.09 - 118.78. After this move down it should go up to 119.59 - 119.78 area.

Forecast for GBP/USD Friday 14 May 2015

Support 1: 1.5663
Support 2: 1.5580

Resistance 1: 1.5799
Resistance 2: 1.5852

Currently uptrend should end around 1.5813 - 1.5799 area. A correction down to below 1.5663 is expected. A rise above 1.5852 will abort the expected correction.

Forecast USD/CHF for Friday 14 May 2015

Support 1: 0.9116
Support 2: 0.9065

Resistance 1: 0.9256
Resistance 2: 0.9346

Market should not go lower than 0.9081. After this move down it should go up to 0.9256 area.
 
Forecast EUR/USD for Friday 21 May 2015

Support 1: 1.1053
Support 2: 1.1013

Resistance 1: 1.1143
Resistance 2: 1.1193

It may meet resistance in 1.1093 - 1.1103 zone for a drift down to 1.1053 zone, after which bounce to 1.1143 is anticipated.

Forecast USD/JPY for Friday 21 May 2015

Support 1: 120.79
Support 2: 120.25

Resistance 1: 121.68
Resistance 2: 122.02

Current rise should end around 121.68. Objectives of this downmove are 120.79 or 120.25. A rise above 122.02 is again bullish.

Forecast for GBP/USD Friday 21 May 2015

Support 1: 1.5477
Support 2: 1.5417

Resistance 1: 1.5592
Resistance 2: 1.5648

It should test 1.5548 area after which a sell off down to 1.5477 or extended to 1.5417 area is expected.

Forecast USD/CHF for Friday 21 May 2015

Support 1: 0.9337
Support 2: 0.9303

Resistance 1: 0.9405
Resistance 2: 0.9440

A corrective rise should ideally test 0.9405 or even higher than 0.9440. Stop loss below 0.9303 zone.
 
Forecast EUR/USD for Friday 22 May 2015

Support 1: 1.1067
Support 2: 1.1022

Resistance 1: 1.1169
Resistance 2: 1.1227

While above 1.1096 - 1.1067 zone a corrective dip could test 1.1125 or 1.1169.

Forecast USD/JPY for Friday 22 May 2015

Support 1: 120.80
Support 2: 120.55

Resistance 1: 121.33
Resistance 2: 121.62

Decline should be supported around 120.80 - 120.55 zone for rally to above 121.33. A clear break of 120.55 will damage this expected rally.

Forecast for GBP/USD Friday 22 May 2015

Support 1: 1.5558
Support 2: 1.5455

Resistance 1: 1.5732
Resistance 2: 1.5803

Current rise seems to be over near 1.5681 or 1.5732 for a retracement towards 1.5629 - 1.5593 area.

Forecast USD/CHF for Friday 22 May 2015

Support 1: 0.9324
Support 2: 0.9277

Resistance 1: 0.9400
Resistance 2: 0.9429

Market should hold major support at 0.9318 before rising towards 0.9400 or even 0.9429 limit.
 
Forecast EUR/USD for Friday 26 May 2015

Support 1: 1.0954
Support 2: 1.0932

Resistance 1: 1.1005
Resistance 2: 1.1032

It may meet resistance in 1.0977 - 1.0982 zone for a drift down to 1.0954 zone, after which bounce to 1.1005 is anticipated.

Forecast USD/JPY for Friday 26 May 2015

Support 1: 121.41
Support 2: 121.27

Resistance 1: 121.74
Resistance 2: 121.92

Our preferred view is for a drift down to 121.41 or below 121.27. Resistances is at 121.46. A rise above 121.74 would delay but not abort this expected fall.

Forecast for GBP/USD Friday 26 May 2015

Support 1: 1.5449
Support 2: 1.5428

Resistance 1: 1.5500
Resistance 2: 1.5530

It may meet resistance in 1.5471 - 1.5479 zone for a drift down to 1.5449 zone, after which bounce to 1.5500 is anticipated.

Forecast USD/CHF for Friday 26 May 2015

Support 1: 0.9417
Support 2: 0.9386

Resistance 1: 0.9468
Resistance 2: 0.9488

Currently uptrend should end around 0.9472 - 0.9468 area. A correction down to below 0.9417 is expected. A rise above 0.9488 will abort the expected correction.
 
Forecast EUR/USD for Friday 27 May 2015

Support 1: 1.0832
Support 2: 1.0788

Resistance 1: 1.0950
Resistance 2: 1.1025

No comments available

Forecast USD/JPY for Friday 27 May 2015

Support 1: 121.97
Support 2: 120.84

Resistance 1: 123.77
Resistance 2: 124.45

Uptrend is still intact in a triangle configuration. It should continue to rally to 123.80 or 123.77 if support around 122.64 hold. After which a pullback to 122.64 - 122.31 zone is possible.

Forecast for GBP/USD Friday 27 May 2015

Support 1: 1.5334
Support 2: 1.5284

Resistance 1: 1.5455
Resistance 2: 1.5526

It looks set to visit further lower territory down to around 1.5369 - 1.5334. Its corrective attempts should fail ahead of 1.5430 - 1.5455. Stop loss above 1.5526 zone.

Forecast USD/CHF for Friday 27 May 2015

Support 1: 0.9476
Support 2: 0.9418

Resistance 1: 0.9565
Resistance 2: 0.9595

Currently uptrend should end around 0.9570 - 0.9565 area. A correction down to below 0.9476 is expected. A rise above 0.9595 will abort the expected correction.
 
Forecast EUR/USD for Friday 28 May 2015

Support 1: 1.0839
Support 2: 1.0775

Resistance 1: 1.0949
Resistance 2: 1.0994

Market should hold major support at 1.0815 before rising towards 1.0949 or even 1.0994 limit.

Forecast USD/JPY for Friday 28 May 2015

Support 1: 122.92
Support 2: 122.20

Resistance 1: 124.21
Resistance 2: 124.79

One move lower to 122.92 or 122.20 is anticipated while below 123.85 - 124.21 area.

Forecast for GBP/USD Friday 28 May 2015

Support 1: 1.5291
Support 2: 1.5228

Resistance 1: 1.5427
Resistance 2: 1.5500

One more dip to 1.5327 - 1.5291 is likely followed by a grind higher to 1.5395 - 1.5427. After which it can resume its downtrend.

Forecast USD/CHF for Friday 28 May 2015

Support 1: 0.9461
Support 2: 0.9426

Resistance 1: 0.9536
Resistance 2: 0.9578

It looks more likely that it would rise to 0.9536 - 0.9578 from 0.9481 or 0.9461. After which a downside move is expected.
 
Forex News from New Forex: Technical analysis USD/JPY

The graph of the current trading instrument after the rebound from 124.33 on Friday reached 125.85 forming a bullish candle in the day timeframe which determines a further uptrend of the currency pair presumably to the next resistance at 133.80. In case of its breach there might be a rise to 135.20. Thus, we intend to buy with increasing volumes as long as the price reaches the above mentioned resistance levels. Trades to sell seem highly risky in these circumstances.

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Forex News from New Forex: Technical analysis EUR/USD

After hitting a high at 1.1279 on Friday the European currency lost ground against the dollar a bit and edged down to 1.1049 forming a clear-cut bearish candle which appeared due to the statistic data from the USA. It might be assumed that the further market movement will keep its bearish sentiment up to support at 1.0886 and then in case of passing it move to 1.0815. Long positions seem quite risky until the price goes beyond the resistance borders above 1.1378.

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Forex News from New Forex: Technical analysis EUR/JPY

During the Friday trading the pair EUR/JPY bumped into a strong resistance at 140.69. It implies the declining tendency to support at 137.85 and in case of its breach there might be a confident movement to 136.10. In this situation short positions with stop-limits above 140.95 are preferable. Otherwise, in favor of long positions and overcoming resistance at 140.95 it will go to 144.20.

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Forex News from New Forex: Technical analysis of XAU/USD

Gold with Friday positions within the range from a high at 1178.39 to a low at 1162.59 has been trading with a certain bearish sentiment, however, it pares earlier losses today and is trading between the nearest support level at 1162.00 and resistance at 1196.20. In case of passing this level, there might be a rise to 1204.00. We intend to open short positions below the support level at 1162.00 or with a view of the rebound to a psychologically significant level at $1200 per troy oz.

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Forex News from New Forex: The Aussie strengthens

In the trading on Tuesday, June 9, the Australian dollar has gained ground after upbeat business climate data. Negative news from China did not have a significant influence on the currency. Consumer prices in China shed 0.2% in May, producer prices slipped to 4.6%.

The pair AUD/USD surged 0.01% and is at 0.7705, dollar/yen picked up 0.04% to 124.54, euro/dollar gained 0.03% to 1.1296. The dollar index slid 0.04% to 95.19.

In Australia the business confidence and conditions index gained 7 points each in comparison with April figures. Home loans climbed 1.0% in April month-on-month.

The dollar advances after the increase of working places in the USA up to 280 000 in May, although experts predicted a rise only to 220 000. The euro gains amidst the positive dynamics of the 10-year German bond yields.

Meanwhile, investors are in the anticipation of the agreement between Greece and Eurozone. Angela Merkel, the German Chancellor, stated on Monday that there is not much time left for the mutual agreement with Greece. It is worth reminding that Athens should pay their debt till the end of June, it is the condition for further monetary aid, otherwise the country will run out of money.
 
Forex News from New Forex: Technical analysis AUD/USD

On Monday the Australian currency closed trades with a clear-cut bullish candle which raises expectations of its further strengthening against the greenback and a rise of the market.

The nearest resistance is at 0.7764 with support at 0.7653. We assume that it will advance to 0.7784 and after passing this level the instrument will move to 0.7800.


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Forex News from New Forex: Technical analysis GBP/USD

In the morning session on June 9th in London the pound is steady against the US dollar in the expectation of the trade balance. If during the trades today the market goes above 1.5430, there might be a further rise to 1.5468 and then up to 1.5510. In case of the downwards breach of 1.4285, the bears can push the market down to 1.5246 and 1.5208.


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