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.
SUPPORT TRENDLINE IN EURUSD (FIBER) 04/06/2015 THURSDAY
• 1.1344: the rising trend line from the lowest price seen after the high was reached (a minor level).
• 1.1305: micro term Fibonacci 50%, calculated for the rising move from today’s low 1.1229 to today’s 17-day high 1.1380.
• 1.1272: micro term 71.4%, calculated for the rising move from today’s low 1.1229 to today’s 17-day high 1.1380.
• 1.1239: short term 28.6%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1191: short term Fibonacci 38.2%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1168: short term 42.9%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1133: short term Fibonacci 50%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1098: short term 57.1%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1075: short term Fibonacci 61.8%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1051: short term Dow 66.7%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1027: short term 71.4%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.0957: short term 85.7%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1305: micro term Fibonacci 50%, calculated for the rising move from today’s low 1.1229 to today’s 17-day high 1.1380.
• 1.1272: micro term 71.4%, calculated for the rising move from today’s low 1.1229 to today’s 17-day high 1.1380.
• 1.1239: short term 28.6%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1191: short term Fibonacci 38.2%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1168: short term 42.9%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1133: short term Fibonacci 50%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1098: short term 57.1%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1075: short term Fibonacci 61.8%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1051: short term Dow 66.7%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.1027: short term 71.4%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
• 1.0957: short term 85.7%, calculated for the rising move from Monday’s low 1.0886 to today’s 17-day high 1.1380.
LATEST SCENARIO IN EURUSD (FIBER) 04/06/2015 THURSDAY
Hi dear friends especially for Yazid, Baharun and FXP Group,through my observation the Euro’s very strong reaction to breaking the falling trend channel from May 15th top continued, as the single currency reached a 17-day high at 1.1380 earlier today. A look at the attached chart shows that this high is very close to yet another level: the fibo 85.7% retracement at 1.1374.
This is not the first time during this rising move that the price has stopped very close to my expectation levels as mentioned earlier: On Tuesday, the price topped at 1.1193 only 4 pips above the short term fibo 57.1%. On Wednesday, the price topped at 1.1285, only 3 pips above the short term fibo 71.4% retracement. Today, the price topped at 1.1380, only 6 pips above the short term fibo 85.7% retracement level. Although I was very excited about breaking the top of the falling channel from May 15th, and was bullish on Euro for many reasons, but mainly for this specific reason, it is hard to neglect topping with this kind of accuracy at retracement levels for 3 days in a row! Therefore, if the Euro fails to break above 1.1374 in a clear & clean way, we may be about to see it retreat from these high areas.
First support is at 1.1344. Although this level is a minor one, breaking below it (especially if it comes after topping with the daily high still reasonably close to 1.1374) will be a first sign that we may have topped after rising 494 pips from Monday’s low. Other levels that will help us determine if the price is going to start dropping or not are 1.1305 & 1.1272. Bottoming very close to either of these levels will not help the weakness scenario, but breaking below each of them will. If we break below 1.1272 the price will be expected to target at least one of the short term retracement levels, which start with a minor fibo level at 1.1239, ahead of the first Fibonacci level at 1.1191. Below here, way may target any of the 3 most important retracement levels at 1.1133, 1.1075 & 1.1027. It is highly unexpected to see the Euro break below all of these levels, but testing one or more of them will become highly probable once we break below 1.1344.
On the other hand, the resistance is at 1.1374. A break above this level will seriously boost the medium term outlook, and will make it reasonable to expect for the price to be able to move beyond the latest top (1.1467), and in this case 1.1534 & 1.1675 make the first couple of good medium term targets.
Monday, June 1, 2015
Most welcome for Baharun Bin Mohd Rahim ( Official Introducing Broker for FXTM) since July 2014
"Twenty years from now you will be more dissapointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor with me. Catch the trade winds in our sails. Explore. Dream. Discover."
BUYING AND SELLING INDICATION IN EURUSD (FIBER) 01/06/2015 MONDAY
Buy 1.0937
Stop 1.0859
Target / Limit 1.1059
Sell 1.0859
Stop 1.0937
Target / Limit 1.0791
OVERALL TRENDLINE IN EURUSD (FIBER) 01/06/2015 MONDAY
• Short term: Down, as long as the price is below 1.0967.
• 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) 2015 MONDAY
• 1.0967: today's current daily high, which is very close to the top of the falling trend channel from May 15th top.
• 1.1014: micro term Fibonacci 50% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1059: micro term Fibonacci 61.8% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1097: micro term 71.4% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1143: short term Fibonacci 50% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1059: micro term Fibonacci 61.8% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1097: micro term 71.4% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1143: short term Fibonacci 50% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1189: short term 57.1% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1219: short term Fibonacci 61.8% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1282 short term 71.4% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1374: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1219: short term Fibonacci 61.8% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1282 short term 71.4% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1374: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. Thursday's high was only 5 pips below this level, while 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). Wednesday's 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). Wednesday's 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). Wednesday's 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). Wednesday's high is inside this area @ 1.1382.
SUPPORT TRENDLINE IN EURUSD (FIBER) 01/06/2015 MONDAY
• 1.0889: micro term Fibonacci 61.8%, calculated for the rising move from Wednesday's one-month low 1.0819 to Friday's high 1.1006.
• 1.0871: micro term 71.4%, calculated for the rising move from Wednesday's one-month low 1.0819 to Friday's high 1.1006.
• 1.0836: short term Dow 66.7% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
• 1.0819: Wednesday's one-month low.
• 1.0791: short term 71.4% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
• 1.0750: Apr 1st daily low.
• 1.0707: Apr 13th daily high.
• 1.0655: short term 85.7% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
• 1.0871: micro term 71.4%, calculated for the rising move from Wednesday's one-month low 1.0819 to Friday's high 1.1006.
• 1.0836: short term Dow 66.7% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
• 1.0819: Wednesday's one-month low.
• 1.0791: short term 71.4% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
• 1.0750: Apr 1st daily low.
• 1.0707: Apr 13th daily high.
• 1.0655: short term 85.7% retracement level, calculated for the rising move from Apr 13th bottom 1.0520 to May 15th 3-month high 1.1467.
LATEST SCENARIO EURUSD (FIBER) 01/06/2015 MONDAY
Welcome Nisfu Syaaban day for FXPrimus Trader for Harizan & Roslin.The Euro continued its recovery from 1.0819, and reached 1.1006 on Friday, in an expected reaction to bottoming close to Dow 66.7% retracement level. Between the 2 key retracements, the Fibonacci 61.8% at 1.0882 & the fibo 71.4% at 1.0791, there was a retracement that rarely gets my attention recently, and that is the Dow two thirds or 66.7%. This level is at 1.0836, and Wednesday’s daily low was 17 pips below it. Not a very accurate stop, but it is still reasonably close to it. This means that the drop from 1.1467 has now retraced two thirds of the previous move up from 1.0520, and may be it is time to start moving higher unless Greece default the debt payment with his creditors again.
Stopping this close to a retracement level was a sign that the Euro may start recovering recent losses, and it surely did, with a rising move of about 190 pips up from Wednesday’s low. But as it is always the case, a break above an important resistance is needed to confirm this outlook. Here, we should note that we actually got this break. As you can see on the attached chart, the price has broken above the falling trend line from May 15th top (the red line on the attached chart). The price even found support at this line after it was broken (a retest). However, the bulls were unable to break above another important resistance, and in fact the price topped close to it. If we draw the channel that contains all the price action after reaching May 15th top bottoms first, we can see that Friday’s high was very close to the top of this channel. Since it is a descending channel, its top has dropped from about 1.1014 on Friday, to around today’s current daily high (1.0967). This is why the current daily high will be our first resistance.
If we break above 1.0967, the Euro will be expected to significantly rise. Otherwise, the falling channel will continue falling as a recent news released that Alexis Tsipras blamed for the absurd demand on Euro, and the price will fall with it. In case we do actually break above this level, the bulls will still have to show strength against micro term retracement levels at 1.1014, 1.1059 & 1.1097. A top very close to any of those levels will be a warning sign that the recovery may not go on. But breaking above each of them will be good for the recovery scenario. In fact, after breaking 1.0967 these levels should give way easily, but nevertheless we always have to keep the other possibility in our heads, because technical analysis deals with probabilities and not certainties. A break above 1.1097 will be very good for the short term, as it will open the way higher towards the rest of the short term retracement levels at 1.1143, 1.1219 & 1.1282. A break above this last level in specific is the thing the medium term bulls need to be able to move beyond the latest top (1.1467), and in this case 1.1534 & 1.1675 make the first couple of good medium term targets.
Support start at 1.0889, which was tested with stunning accuracy whole this analysis is being prepared (current low is 1.0891). This is the micro term Fibonacci 61.8% retracement. This level is closely followed by the fibo 71.4% level at 1.0871. It makes sense to consider these 2 levels as one area. A break below this area will indicate that more weakness could follow. IT may be time to target the key level 1.0791. This very important level could offer strong support, and kickoff another bullish move of significant size. A close stop at this level could provide a good chance to get in and ride the bullish train, may be even a last chance. But if this level gives way, the outlook will become seriously weaker, and the single currency may drop towards 1.0750, 1.0707, and the important 1.0655, ahead of last month’s bottom 1.0520.
Stopping this close to a retracement level was a sign that the Euro may start recovering recent losses, and it surely did, with a rising move of about 190 pips up from Wednesday’s low. But as it is always the case, a break above an important resistance is needed to confirm this outlook. Here, we should note that we actually got this break. As you can see on the attached chart, the price has broken above the falling trend line from May 15th top (the red line on the attached chart). The price even found support at this line after it was broken (a retest). However, the bulls were unable to break above another important resistance, and in fact the price topped close to it. If we draw the channel that contains all the price action after reaching May 15th top bottoms first, we can see that Friday’s high was very close to the top of this channel. Since it is a descending channel, its top has dropped from about 1.1014 on Friday, to around today’s current daily high (1.0967). This is why the current daily high will be our first resistance.
If we break above 1.0967, the Euro will be expected to significantly rise. Otherwise, the falling channel will continue falling as a recent news released that Alexis Tsipras blamed for the absurd demand on Euro, and the price will fall with it. In case we do actually break above this level, the bulls will still have to show strength against micro term retracement levels at 1.1014, 1.1059 & 1.1097. A top very close to any of those levels will be a warning sign that the recovery may not go on. But breaking above each of them will be good for the recovery scenario. In fact, after breaking 1.0967 these levels should give way easily, but nevertheless we always have to keep the other possibility in our heads, because technical analysis deals with probabilities and not certainties. A break above 1.1097 will be very good for the short term, as it will open the way higher towards the rest of the short term retracement levels at 1.1143, 1.1219 & 1.1282. A break above this last level in specific is the thing the medium term bulls need to be able to move beyond the latest top (1.1467), and in this case 1.1534 & 1.1675 make the first couple of good medium term targets.
Support start at 1.0889, which was tested with stunning accuracy whole this analysis is being prepared (current low is 1.0891). This is the micro term Fibonacci 61.8% retracement. This level is closely followed by the fibo 71.4% level at 1.0871. It makes sense to consider these 2 levels as one area. A break below this area will indicate that more weakness could follow. IT may be time to target the key level 1.0791. This very important level could offer strong support, and kickoff another bullish move of significant size. A close stop at this level could provide a good chance to get in and ride the bullish train, may be even a last chance. But if this level gives way, the outlook will become seriously weaker, and the single currency may drop towards 1.0750, 1.0707, and the important 1.0655, ahead of last month’s bottom 1.0520.
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