BUY 1.1066
STOP 1.0988
TARGET / LIMIT 1.1266 FIRST TARGET
BUY 1.1177
STOP 1.1092
TARGET / LIMIT 1.1377 SECOND TARGET
SELL 1.0988
STOP 1.1066
TARGET / LIMIT 1.0789 FIRST TARGET
Monday, September 7, 2015
EURUSD (FIBER) OVERALL TRENDLINE 07/09/2015 MONDAY
• Short term: Up, as long as the price is above 1.1066.
• Medium term: Up, as long as the price is above 1.0807
• Long term: Up, as long as the price is above 1.0454.
• Medium term: Up, as long as the price is above 1.0807
• Long term: Up, as long as the price is above 1.0454.
EURUSD (FIBER) RESISTANCE TRENDLINE 07/09/2015 MONDAY
• 1.1145: the falling trend line from Aug 24th American session high.
• 1.1174/87: a resistance area which combines today's current daily high & Friday's jobs-high. Both off these highs are just a bit above the falling trend line from Aug 24th American session high.
• 1.1243: Thursday’s high.
• 1.1266: short term 28.6% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1295: short term Dow 33.3% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1326: short term Fibonacci 38.2% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1355: short term 42.9% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1400: short term Fibonacci 50% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1444: short term 57.1% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1473: short term Fibonacci 61.8% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1504: short term Dow 66.7% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1533: short term 1.4% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1623: short term 85.7% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1243: Thursday’s high.
• 1.1266: short term 28.6% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1295: short term Dow 33.3% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1326: short term Fibonacci 38.2% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1355: short term 42.9% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1400: short term Fibonacci 50% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1444: short term 57.1% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1473: short term Fibonacci 61.8% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1504: short term Dow 66.7% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1533: short term 1.4% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
• 1.1623: short term 85.7% retracement level, calculated for the falling move from Aug 23rd 7-month top 1.1712 to Thursday’s 2-week low 1.1087.
EURUSD (FIBER) SUPPORT TRENDLINE 07/09/2015 MONDAY
• 1.1111: 71.4 retracement for the recovery from Friday's low.
• 1.1066: 71.4% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.1017: Aug 18th daily low & short term bottom.
• 1.0960: Aug 10th daily low.
• 1.0936: 85.7% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.0893: Jul 29th daily low.
• 1.0847: Aug 4th daily low.
• 1.0807: Jul 20th bottom, which is extremely close to the rising trend line from March 12th 6-year low, on the daily chart. A very very important long term support.
• 1.1066: 71.4% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.1017: Aug 18th daily low & short term bottom.
• 1.0960: Aug 10th daily low.
• 1.0936: 85.7% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.0893: Jul 29th daily low.
• 1.0847: Aug 4th daily low.
• 1.0807: Jul 20th bottom, which is extremely close to the rising trend line from March 12th 6-year low, on the daily chart. A very very important long term support.
EURUSD (FIBER) LATEST ANALYSIS 07/09/2015 MONDAY
Hi my dear friends
and other followers, thanks to Zue for ID business recently set up with Li,
Sarah, Azhar, Bro Hassan and others too, congratulations! Back to my current analysis since
the Jobs report did not bring the size of move thrill seekers were hoping for,
and no key levels were broken on Friday. However, today we can see the price
attempting to break above the falling trend line from August 24th American
session high, as can be seen on the attached chart. The bulls enjoyed a moment
above this line but came back to trade below it in no time. The actual trend
line is currently running at 1.1145, and this may be used as a first
resistance, but the current daily high 1.1174 & Friday’s jobs-high 1.1187
do look like they are more important than 1.1145. Although using 1.1145 as a
first resistance has nothing wrong with it, breaking this first resistance will
not mean a lot without managing to overcome 1.1174/87.
A break above the top of this area will be a positive sign, and should give the Euro a chance to recover more of the losses seen recently. The first target for breaking this area is 1.1266, followed by 1.1295 & 1.1326. Above here we may target 1.1355 ahead of an important short term retracement at 1.1400. If this level gives way, not only the short term outlook will improve, but may be the medium term outlook as well. The first couple of targets above this level are 1.1444 & 1.1473.
On the other hand, breaking 1.1153 which was witnessed last week shifts the attention to 1.1066, which is next in line of important retracement levels. However, ahead of that, we have a minor level at 1.1105. In order to continue recovering from Thursday’s & Friday’s lows, it is preferred for the price not to break below 1.1111. A break below this level immediately puts 1.1066 in our faces. This level should get our attention as it may reverse the price. As it is always the case with key retracement levels, a bottom very close to this level may be followed by a sizable move to the upside. We need to watch the price as it approaches this level, and keep both of our eyes open as we look for signs that help us estimate if the price will continue falling or reverse from around this level.
A break below 1.1066 will seriously hurt the short & may be even the medium term outlooks, and could result in a selloff that will be expected to target, or at least approach the mega-support 1.0807. Closer targets include 1.1017, 1.0960 &1.0936 from my opinion.
Friday, August 14, 2015
Sunday, June 28, 2015
GREXIT OR NOT
Welcome to dear readers, market recently drop till 1.10 lvl after Eurogroup meeting on Tsipras rejected proposal. The time is ticking for tomorrow final decision on default repayment issues. More stories are coming soon. Be prepare!
Wednesday, June 17, 2015
BUYING AND SELLING INDICATION IN EURUSD (FIBER) 17/06/2015
Buy 1.1350
Stop 1.1281
Target / Limit 1.1550
Sell 1.1281
Stop 1.1350
Target / Limit 1.1081
Sell 1.1249
Stop 1.1325
Target / Limit 1.1049
OVERALL TRENDLINE IN EURUSD (FIBER) 17/06/2015
• Short term: Down, as long as the price is below 1.1319.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
RESISTANCE TRENDLINE IN EURUSD (FIBER) 17/06/2015
• 1.1281: Fibonacci 61.8% for the drop from yesterday's high.
• 1.1319: 71.4% retracement level calculated for the falling move from June 10th top 1.1386 to Friday's low 1.1151.
• 1.1352: 85.7% retracement level calculated for the falling move from June 10th top 1.1386 to Friday's low 1.1151.
• 1.1319: 71.4% retracement level calculated for the falling move from June 10th top 1.1386 to Friday's low 1.1151.
• 1.1352: 85.7% retracement level calculated for the falling move from June 10th top 1.1386 to Friday's low 1.1151.
• 1.1380/92: an important resistance area which includes within these 12 pips 4 daily highs: May 7th daily high 1.1392, May 13th daily high 1.1383, June 4th daily high 1.1380 & June 10th high 1.1386.
• 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. May 22nd 3-month high was 17 pips above this level.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462.
SUPPORT TRENDLINE IN EURUSD (FIBER) 17/06/2015 WEDNESDAY
• 1.1238: today’s current daily low, which also very close to the bottom of the intraday channel which can be drawn from Friday’s low (bottoms first).
• 1.1220: the rising trend line from June 5th low.
• 1.1145: micro term 71.4%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386. Jun 5th low was only 6 pips above this key level. This level is also very close to the rising trend line from May 27th bottom, which adds to its importance.
• 1.1103: short term Fibonacci 50%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.1096: micro term 85.7%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386.
• 1.1036: short term Fibonacci 61.8%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0981: short term 71.4%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0918: June 2nd low.
• 1.0900: short term 85.7%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0886: June 1st low.
• 1.1220: the rising trend line from June 5th low.
• 1.1145: micro term 71.4%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386. Jun 5th low was only 6 pips above this key level. This level is also very close to the rising trend line from May 27th bottom, which adds to its importance.
• 1.1103: short term Fibonacci 50%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.1096: micro term 85.7%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386.
• 1.1036: short term Fibonacci 61.8%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0981: short term 71.4%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0918: June 2nd low.
• 1.0900: short term 85.7%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0886: June 1st low.
EURUSD (FIBER) LATEST SCENARIO BEFORE FOMC AND MARKET STALLING THE PRICE AGAIN TODAY 17/06/2015 WEDNESDAY
Hi Wong Kok Soon & Roslin, I told you yesterday about Bullish Doji Star in chart for 5-6 hours time frame for re-bounce warning in Asian & European session from 1.1228 and shoot higher around 1.1292 before reverse back to 1.1273 as I writing this analysis. Yesterday high was only 10 pips above the micro term in 71.4% retracement at 1.1329. The price did top at the micro term Fibonacci 61.8% on Friday, and at the micro term 71.4% retracement today. Therefore, we cannot be blamed to keep our micro term bearish bias until 1.1319 is broken with a good number of pips. This expectation level resistance for today, but we also have to pay attention to a closer less important level at 1.1281.
On the other side of the chart, the bottom of the intraday channel which can be drawn from Friday’s low is currently running just below today’s current daily low 1.1238, and this will be our first support for today. We should wait for another test or break of either level in order to obtain more info about the direction of the next sizable move.
A break below the current daily low 1.1238 will be a sign that the drop from yesterday’s high will continue. In this case, another test of the rising trend line from June 5th low will be expected. This line is running at 1.1220, and also provides an important support. A break below this level will further confirm the weakness with a 3rd sign (topping very close to 1.1319 & breaking 1.1238 will be the first two by then). The most interesting targets for this break are 1.1145 which was almost touched on Friday, followed by 2 very important levels at 1.1103 & 1.1096, ahead of a life & death level at 1.0981. All of these levels are retracement levels, and as it is usually the case with retracements, a bottom very close to any of these levels will be a bullish sign that may be followed by a resumption of the rising larger-degree trend, while on the other hand, the bearish potential will get better & better as we break below each of them, especially if we break below the last one. If we do break above 1.0981, the medium term bullish outlook will come under pressure, and the Euro could start losing value in a strong way. The first target for breaking 1.0981 may be 1.0886, but the real target for this break is to trade below May 27th low 1.0819.
On the other hand, if the Euro is to continue moving higher, the bulls need to test 1.1281 the sooner the better. Breaking this level is necessary to give the bulls another chance to clear the important 1.1319. If we do break above 1.1319, there will be a good possibility to retest, and may be this time break 1.1380/92. If we break the top of this area with an enough number of pips, the price will be expected to target May’s monthly high which was seen on the 15th of the month at 1.1467. A break above this level will be expected to open the way higher towards 1.1534 & 1.1675, which make the first couple of good medium term targets.
On the other side of the chart, the bottom of the intraday channel which can be drawn from Friday’s low is currently running just below today’s current daily low 1.1238, and this will be our first support for today. We should wait for another test or break of either level in order to obtain more info about the direction of the next sizable move.
A break below the current daily low 1.1238 will be a sign that the drop from yesterday’s high will continue. In this case, another test of the rising trend line from June 5th low will be expected. This line is running at 1.1220, and also provides an important support. A break below this level will further confirm the weakness with a 3rd sign (topping very close to 1.1319 & breaking 1.1238 will be the first two by then). The most interesting targets for this break are 1.1145 which was almost touched on Friday, followed by 2 very important levels at 1.1103 & 1.1096, ahead of a life & death level at 1.0981. All of these levels are retracement levels, and as it is usually the case with retracements, a bottom very close to any of these levels will be a bullish sign that may be followed by a resumption of the rising larger-degree trend, while on the other hand, the bearish potential will get better & better as we break below each of them, especially if we break below the last one. If we do break above 1.0981, the medium term bullish outlook will come under pressure, and the Euro could start losing value in a strong way. The first target for breaking 1.0981 may be 1.0886, but the real target for this break is to trade below May 27th low 1.0819.
On the other hand, if the Euro is to continue moving higher, the bulls need to test 1.1281 the sooner the better. Breaking this level is necessary to give the bulls another chance to clear the important 1.1319. If we do break above 1.1319, there will be a good possibility to retest, and may be this time break 1.1380/92. If we break the top of this area with an enough number of pips, the price will be expected to target May’s monthly high which was seen on the 15th of the month at 1.1467. A break above this level will be expected to open the way higher towards 1.1534 & 1.1675, which make the first couple of good medium term targets.
Hi Wong Kok Soon & Roslin, I told you yesterday about Bullish Doji Star in chart for 5-6 hours time frame for re-bounce warning in Asian & European session from 1.1228 and shoot higher around 1.1292 before reverse back to 1.1273 as I writing this analysis. Yesterday high was only 10 pips above the micro term in 71.4% retracement at 1.1329. The price did top at the micro term Fibonacci 61.8% on Friday, and at the micro term 71.4% retracement today. Therefore, we cannot be blamed to keep our micro term bearish bias until 1.1319 is broken with a good number of pips. This expectation level resistance for today, but we also have to pay attention to a closer less important level at 1.1281.
On the other side of the chart, the bottom of the intraday channel which can be drawn from Friday’s low is currently running just below today’s current daily low 1.1238, and this will be our first support for today. We should wait for another test or break of either level in order to obtain more info about the direction of the next sizable move.
A break below the current daily low 1.1238 will be a sign that the drop from yesterday’s high will continue. In this case, another test of the rising trend line from June 5th low will be expected. This line is running at 1.1220, and also provides an important support. A break below this level will further confirm the weakness with a 3rd sign (topping very close to 1.1319 & breaking 1.1238 will be the first two by then). The most interesting targets for this break are 1.1145 which was almost touched on Friday, followed by 2 very important levels at 1.1103 & 1.1096, ahead of a life & death level at 1.0981. All of these levels are retracement levels, and as it is usually the case with retracements, a bottom very close to any of these levels will be a bullish sign that may be followed by a resumption of the rising larger-degree trend, while on the other hand, the bearish potential will get better & better as we break below each of them, especially if we break below the last one. If we do break above 1.0981, the medium term bullish outlook will come under pressure, and the Euro could start losing value in a strong way. The first target for breaking 1.0981 may be 1.0886, but the real target for this break is to trade below May 27th low 1.0819.
On the other hand, if the Euro is to continue moving higher, the bulls need to test 1.1281 the sooner the better. Breaking this level is necessary to give the bulls another chance to clear the important 1.1319. If we do break above 1.1319, there will be a good possibility to retest, and may be this time break 1.1380/92. If we break the top of this area with an enough number of pips, the price will be expected to target May’s monthly high which was seen on the 15th of the month at 1.1467. A break above this level will be expected to open the way higher towards 1.1534 & 1.1675, which make the first couple of good medium term targets. Happy Trading guys.
On the other side of the chart, the bottom of the intraday channel which can be drawn from Friday’s low is currently running just below today’s current daily low 1.1238, and this will be our first support for today. We should wait for another test or break of either level in order to obtain more info about the direction of the next sizable move.
A break below the current daily low 1.1238 will be a sign that the drop from yesterday’s high will continue. In this case, another test of the rising trend line from June 5th low will be expected. This line is running at 1.1220, and also provides an important support. A break below this level will further confirm the weakness with a 3rd sign (topping very close to 1.1319 & breaking 1.1238 will be the first two by then). The most interesting targets for this break are 1.1145 which was almost touched on Friday, followed by 2 very important levels at 1.1103 & 1.1096, ahead of a life & death level at 1.0981. All of these levels are retracement levels, and as it is usually the case with retracements, a bottom very close to any of these levels will be a bullish sign that may be followed by a resumption of the rising larger-degree trend, while on the other hand, the bearish potential will get better & better as we break below each of them, especially if we break below the last one. If we do break above 1.0981, the medium term bullish outlook will come under pressure, and the Euro could start losing value in a strong way. The first target for breaking 1.0981 may be 1.0886, but the real target for this break is to trade below May 27th low 1.0819.
On the other hand, if the Euro is to continue moving higher, the bulls need to test 1.1281 the sooner the better. Breaking this level is necessary to give the bulls another chance to clear the important 1.1319. If we do break above 1.1319, there will be a good possibility to retest, and may be this time break 1.1380/92. If we break the top of this area with an enough number of pips, the price will be expected to target May’s monthly high which was seen on the 15th of the month at 1.1467. A break above this level will be expected to open the way higher towards 1.1534 & 1.1675, which make the first couple of good medium term targets. Happy Trading guys.
Tuesday, June 16, 2015
BUYING AND SELLING INDICATION IN EURUSD (FIBER) 16/06/2016
Buy 1.1350
Stop 1.1282
Target / Limit 1.1550
Sell 1.1282
Stop 1.1350
Target / Limit 1.1082
Sell 1.1244
Stop 1.1325
Target / Limit 1.1044
OVERALL TRENDLINE IN EURUSD (FIBER) 16/06/2016
• Short term: Down, as long as the price is below 1.1319.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
RESISTANCE TRENDLINE IN EURUSD (FIBER) 16/06/2016
• 1.1282/95: Fibonacci 61.8% / 71.4% for the drop from today's current high 1.1329 to its current low 1.1239.
• 1.1319: 71.4% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151.
• 1.1352: 85.7% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151.
• 1.1319: 71.4% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151.
• 1.1352: 85.7% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151.
• 1.1380/92: an important resistance area which includes within these 12 pips 4 daily highs: May 7th daily high 1.1392, May 13th daily high 1.1383, June 4th daily high 1.1380 & Wednesday’s high 1.1386.
• 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. May 22nd 3-month high was 17 pips above this level.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462.
SUPPORT TRENDLINE IN EURUSD (FIBER) 16/06/2016
• 1.1239: today’s current daily low, which also very close to the rising trend line from Friday’s low.
• 1.1205: the rising trend line from June 5th low.
• 1.1145: micro term 71.4%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386. Jun 5th low was only 6 pips above this key level.
• 1.1103: short term Fibonacci 50%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.1096: micro term 85.7%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386.
• 1.1036: short term Fibonacci 61.8%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0981: short term 71.4%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0918: June 2nd low.
• 1.0900: short term 85.7%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0886: June 1st low.
• 1.1205: the rising trend line from June 5th low.
• 1.1145: micro term 71.4%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386. Jun 5th low was only 6 pips above this key level.
• 1.1103: short term Fibonacci 50%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.1096: micro term 85.7%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386.
• 1.1036: short term Fibonacci 61.8%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0981: short term 71.4%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0918: June 2nd low.
• 1.0900: short term 85.7%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0886: June 1st low.
EURUSD (FIBER) LATEST SCENARIO ON TUESDAY 16/06/2016
Dear Roslin, Rahim, Baharun, Harizan, Sani, Wong and Rashdan. the euro surprised us with rising above Friday’s high yesterday (If you are followed the trends or obviously maybe not). This move was expected to me, and it came as a kind of not surprise to me personally. However, the adventure above Friday’s high (1.1296) was short-lived, and the price went down from a daily high of 1.1329 to a daily low of 1.1244 in less than 2 hours.
What can be noted about today’s current high is that it is only 10 pips above the micro term 71.4% retracement. The price did top at the micro term Fibonacci 61.8% on Friday, and at the micro term 71.4% retracement today. Therefore, we cannot be blamed to keep our micro term bearish bias until 1.1319 is broken with a good number of pips. This next level will be our first resistance for today.
On the other side of the chart, the rising trend line from Friday’s low is currently running very close to today’s current low 1.1239, and this will be our first support for today. We should wait for another test or break of either level in order to obtain more info about the direction of the next sizable move. Moreover, the resistance area 1.1283/95 may not be a major one, but it is capable of giving us early clues about what will happen next: a top inside this area will be a weakness sign, unlike breaking above its top. But in spite of this, the key levels for today are 1.1319 & 1.1239.
A break below the current daily low 1.1239 will be a sign that the drop from the day’s high will continue. In this case, another test of the rising trend line from June 5th low will be expected. This line is running at 1.1205, and also provides an important support. A break below this level will further confirm the weakness with a 3rd sign (topping very close to 1.1319 & breaking 1.1239 will be the first two by then). The most interesting targets for this break are 1.1145 which was almost touched on Friday, followed by 2 very important levels at 1.1103 & 1.1096, ahead of a life & death level at 1.0981. All of these levels are retracement levels, and as it is usually the case with retracements, a bottom very close to any of these levels will be a bullish sign that may be followed by a resumption of the rising larger-degree trend, while on the other hand, the bearish potential will get better & better as we break below each of them, especially if we break below the last one. If we do break above 1.0981, the medium term bullish outlook will come under pressure, and the Euro could start losing value in a strong way. The first target for breaking 1.0981 may be 1.0886, but the real target for this break is to trade below May 27th low 1.0819.
On the other hand, if the Euro is to continue moving higher, the bulls need to test 1.1282/95 the sooner the better. Breaking this area is necessary to give the bulls another chance to clear the important 1.1319. If we do break above 1.1319, there will be a good possibility to retest, and may be this time break 1.1380/92. If we break the top of this area with an enough number of pips, the price will be expected to target May’s monthly high which was seen on the 15th of the month at 1.1467. A break above this level will be expected to open the way higher towards 1.1534 & 1.1675, which make the first couple of good medium term targets.
Thursday, June 4, 2015
BUYING AND SELLING IN EURUSD (FIBER) 04/06/2015 THURSDAY
Buy 1.1404
Stop 1.1344
Target / Limit 1.1604
Sell 1.1344
Stop 1.1404
Target / Limit 1.1144
OVERALL TRENDLINE IN EURUSD (FIBER) 04/06/2015 THURSDAY
• Short term: Up, as long as the price is above 1.1027.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
• Medium term: Up, as long as the price is above 1.0454.
• Long term: Up, as long as the price is above 1.0454.
RESISTANCE TRENDLINE IN EURUSD (FIBER) 04/06/2015 THURSDAY
• 1.1374: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to May 27th one-month low 1.0819. Today's current high, which is a 17-day high, is only 6 pips above this level.
• 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. May 22nd 3-month high was 17 pips above this level.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
• 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
• 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
• 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). May 27th high is inside this area @ 1.1382.
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