EUR/USD| WEAK ON CHARTS

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The major trend of EUR/USD is bearish, but from past 2-3 weeks, it has shown some profit booking, but again prices are not sustaining on higher levels & consolidating with a strong negative bias. In it s 4 hourly chart prices are sustaining on a rising trendline & taking resistaince from 30 & 200 DMA. 

For few upcoming session we can expect downside movememnt in the pair. For today if EUR/USD breaks 1.1320 we can expect it to come down to the levels of 1.1275/1.1230Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in selling territory supporting downside movement in the pair. MACD line has recently break the zero line downside, indicating the further bearishness in the market.

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STRATEGY :- EUR/USD is looking weak on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

                                      Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1234	1.1294	1.1330	1.1390	1.1426	1.1486	1.1522
GBP/USD	1.5323	1.5362	1.5388	1.5427	1.5453	1.5492	1.5518
USD/JPY	117.79	118.12	118.53	118.86	119.27	119.60	120.01
USD/CHF	0.9294	0.9336	0.9416	0.9458	0.9538	0.9580	0.9660
AUD/USD	0.7663	0.7709	0.7751	0.7797	0.7839	0.7885	0.7927
EUR/GBP	0.7297	0.7326	0.7351	0.7380	0.7405	0.7434	0.7459
USD/CAD	1.2319	1.2375	1.2436	1.2492	1.2553	1.2609	1.2670
NZD/USD	0.7418	0.7461	0.7490	0.7533	0.7562	0.7605	0.7634

FOREX Updates: Technical Levels For GBP/USD Today

Tuesday, May 27 Market Profile British pound can be attributed to trend day. The British pound continued to weaken against the U.S. dollar, continuing a downward trend shaping its structure. Further put pressure on the pair of positive U.S. economic data, as well as the speech of the Bank of England. On the day the fair price protection zones are located in areas VAL - 1.6811 and VAH -1.6881. POC point of control was formed in 1.6858. 

Forecast for today : In today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. In the case of formation of the first prerequisites for growth, buyers will be kept an intermediate level of resistance in the POC from May 20- 1.6814, above which is a more focused level VAL May 21 - 1.6831 from which we will see a strong enough sales. If the bulls and not rest on it, the main aim of the day will be a test POC, May 26 - 1.6843 and POC yesterday- 1.6858. As for sales, the second wave of falling may be kept back support area POC May 16- 1.6790. Only after consolidation below can argue about reducing GBP/USD to new lows near POC May 15- 1.6766 and VAL on the same day- 1.6742. Farthest weekly goal now is the level of POC from April 15- 1.6721.

Forex: Euro at Risk as Dovish Commentary Stokes Easing Speculation

The economic calendar remains quiet in European hours, with Swiss Trade Balance figures amounting to the only bit of noteworthy event risk on the docket. The trade surplus is expected to edge to CHF 2.1 billion in April, marking a hairline improvement over the prior month. The release probably won’t meaningful direction cues to the Swiss Franc considering its limited implications for SNB monetary policy. Indeed, with the central bank forecasting inflation below 1 percent through 2015, Thomas Jordan and company seem unlikely to step away from an ultra-accommodation policy regime for some time yet.

Elsewhere, traders will continue to watch sideline commentary from the ECB Conference on Central Banks going into its third day in Sintra, Portugal. Policymakers have gathered to discuss ways to address the lingering disinflation problem in the Eurozone with an eye to potentially introduce an expanded stimulus effort as soon as next week. Dovish rhetoric from the summit has failed to apply downward pressure on the Euro thus far but that can swiftly change if vague pronouncements about the severity of the situation are replaced with actionable policy prescriptions. We remain short EUR/USD.

The spotlight turns to US data later in the day, with April’s Durable Goods Orders report and May’s Consumer Confidence reading on the docket. US economic news-flow has increasingly improved relative to expectations in early April, suggesting analysts are underestimating the economy’s resilience and opening the door for upside surprises. Such outcomesare likely to help scatter doubts about continued “tapering” of QE asset purchases, stoking speculation about subsequent interest rate hikes and boosting the US Dollar.

GBP/USD Fell Down to Support Due to UK GDP In-Line with Estimates

GBP/USD Today

The British Pound fell against the US Dollar despite UK GDP reporting in-line with estimates, as back-ward looking data may fail to support bullish outlook.

The second revision of first-quarter UK GDP figures confirmed output grew 0.8 percent, confirming previous estimates. The year-on-year growth rate reported at 3.1%, the highest since the fourth quarter of 2007.

The British Pound has enjoyed a swell in supportive monetary policy expectations and an upbeat GDP print certainly did not fall out of step with that dynamic. Despite the positive back-ward looking data, Spivak suspects whether the data will be enough to carry teh British Pound higher as there is a chance that most if it has already been priced in.

FOREX Market Trend with Forecast for Today

Activity in the foreign exchange market has fallen markedly. All European currency traded almost unchanged, while the Australian and New Zealand dollar fell, especially the Australian currency amid a lack of clear signals of rising interest rates and the probability of a "hard landing" of the Chinese economy, which is quite involved trade of Australia and New Zealand. Today, the market will scrutinize the publication of the last minutes of the Fed, which tries to find the signals related to the timing of prospects start raising rates. The U.S. stock market is already quite vigorously responds to these likely changes in the attitudes of the Fed, especially in light of recent data on consumer price inflation, which showed that inflationary pressure is gradually increasing, which of course can also have an impact on the Fed. Major stock indexes rebounded from their maximum values​​. We can assume that today the latest data on inflation and also comment on the Fed chairman J. Yellen, and any hint of it some time start tightening monetary policy will lead to higher volatility. If she says today that, despite recent strong data from the labor market and inflation rates will be for some time to be boundless at low levels, it will have a local pressure on the U.S. dollar. At the same time the words that terms of rate hikes will be shifted to the beginning of the next in 2015, on the contrary, will support the dollar. Today, market participants will also closely monitor the data from the UK and the eurozone. Strong statistics on retail sales in the UK, as well as optimistic about the prospects for a rate hike Minutes of the last meeting of the Bank of England, support sterling. At the same time, weak data from the euro zone will have a local downward pressure on the euro.

Forecast Today: EURUSD before the publication of the minutes of the meeting of the FED is likely to consolidate between 1.3685-1.3730. AUDUSD pair remains under pressure because of lowering expectations increase in long term interest rates and a hard landing of the Chinese economy. The pair broke the support level 0.9250 and can now continue its decline to 0.9180, bottom of the short-term downtrend, if it does not rise above the level of 0.9250.

FOREX Trend: GBP/USD Technical Report For Today

Pair performed a U-turn in favor of the U.S. dollar and the beginning of the process of falling in the direction of the correctional level Fib 100.0% - 1.6319. Emerging divergence in none of the indicator is not observed. Rebound from a pair of 100.0% correction level allows traders count on a turn in favor of the British pound and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the 100.0% Fib increase the chances of a further drop in prices towards the next correction level 76.4% - 1.5968.

Pair GBP/USD on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled later pair performed a U-turn in favor of the currency of England and started in the direction of growth of 261.8% correction level - 1.7289. Emerging divergence is not visible. Securing of the pair on May 20 under the level of 200.0% correction will allow traders to expect a further drop in prices in the direction of the correctional level Fib 161.8% - 1.6336.

FOREX Trend and Signal For USD/JPY Today

USD/JPY Today

Today, the pair USD/JPY traded with high volatility, the bulls once again show good interest in long positions. On the daily chart we can see a long side trend. As previously predicted, after the bears come close to the lower limit outset (101.40), the price once again groped support and slowed down, where the market in good time the bulls are back, showing the pulse movement chipped from the bottom edge. Development of the plot for the next trading days may be so - it's possible we will continue to watch the bull market interest fades with swing. The primary mark, where possible, the bulls will be under pressure bears it- 102.65, where the upper limit outset.

Today the economic calendar traders should expect a number of important economic news from the U.S. 16:30 MSK (14:30 GMT-2) in the U.S. was to publish an index of retail sales forecast is 0.6% Previous 0.7% value (monthly) 16:30 MSK (14 : 30GMT-2) in the U.S. was to publish the import price index forecast is 0.3% Previous 0.6% value (monthly) 16:30 MSK (14:30 GMT-2) in the U.S. was to publish data on retail sales forecast is 0, 4% of the previous value of 1.2% (monthly)

Key resistance levels Zone: 102.65; 103.70; 103.70 support area: 102.00; 101.40; 100.60 

Signals

Buying a pair is recommended at a price above 102.40 with the prospect of running to around 102.65.

Sale pair is recommended only after the bear interest, supposedly near the upper limit of 102.65 with the prospect of running to around 102.00.

EUR/USD Forecast For Today: 9th May 2014

Yesterday's landmark event- a comment from ECB President Draghi M. , in which he made ​​it clear that the likelihood of measures to support the economy, hit the single currency. All recent rise in the euro against the U.S. dollar based on expectations that the ECB will not dare to take drastic measures to support the economy, but yesterday M. Draghi hinted that the European Central Bank, assessing the situation in the economy, already at the June meeting may decide on incentives. What could they be? First- you can expect a reduction in key interest rates at the level of 0.25%, as well as the European version of the asset repurchase. These measures will have an unambiguous pressure on the single currency. At the same time, the continuation of yesterday's speech by Fed J. Yellen in the U.S. Congress has demonstrated a desire Fed due to the weakness of the situation in the construction sector does not give clear signals about the prospects start raising interest rates. Against this backdrop, the dollar fell against the Australian dollar only, but rose against major currencies, and it looks like the main reason for this was a backlash euro and expectations of further local reduction.

Forecast of the day:

The EUR/USD fell heavily after a sharp rise in the first words Draghi. Due to the growth probability reduce the key interest rate is already at the June meeting. In the short term, we can expect a decrease in the pair to 1.3785, the intersection of which can lead to 1.3685. But it is probable bounce up to 1.3850. From this level a couple needs to sell. The Canadian dollar fell yesterday, the fall in risk appetite, the cause of which was a sharp drop in the euro. But if the pair manages to hold above the 1.0813 level, its growth is likely to 1.0900.

FOREX Forecast for GBP/USD Today

On last trading session, market profile British pound can be attributed to trend day. The British pound rose against the U.S. dollar after weak GDP data placed enormous pressure on the U.S. currency. On the day the fair price protection zones are located in areas VAL- 1.6805 and VAH- 1.6871. Control point POC was formed in 1.6823.

Forecast for Today

GBP/USD Forecast For Today

During today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. During yesterday bulls are selected and tested weekly goal area VAL from August 4, 2009- 1.6894, which now is the first level of resistance. A move above this level will open new horizons for customers in the area of ​​POC from August 2, 2009- 1.6933, and POC August 5- 1.6967. The farthest goal for today will be a test on the same day VAH- 1.6991 and VAH 6 August- 1.7031.

As for sales, they will all be limited to the first level of support VAH, April 30- 1.6871, below which the bears can also abut the VAH, April 28- 1.6854, and then the level of POC on the same day- 1.6842. The farthest goal is to test VAH April 29- 1.6830.

FOREX Technical Levels and Today's Economic Events

FOREX Levels Today

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.3786	1.3811	1.3849	1.3874	1.3912	1.3937	1.3975
GBP/USD	1.6683	1.6719	1.6748	1.6784	1.6813	1.6849	1.6878
AUD/USD	0.9275	0.9325	0.9361	0.9411	0.9447	0.9497	0.9533
USD/JPY	100.29	100.81	101.10	101.62	101.91	102.43	102.72
USD/CAD	1.0820	1.0844	1.0889	1.0913	1.0958	1.0982	1.1027
USD/CHF	0.8686	0.8719	0.8740	0.8773	0.8794	0.8827	0.8848

Today's Economic Events

Date MON APR 14th 2014	Time (GMT)	Curreny	Economic Data	Forecast	Previous
	14th-15th	CNY	New Loans	1000B	645B
	14th-15th	CNY	M2 Money Supply y/y	13.1%	13.3%
	9:00am	EUR	Industrial Production m/m	0.3%	-0.2%
	12:30pm	USD	Core Retail Sales m/m	0.5%	0.3%
		USD	Retail Sales m/m	0.8%	0.3%
	2:00pm	USD	Business Inventories m/m	0.5%	0.4%
	4:45pm	USD	FOMC Member Tarullo Speaks
	11:01pm	GBP	BRC Retail Sales Monitor y/y		-1.0%

FOREX Signals Today with EUR/JPY Technical Analysis

EUR/JPY Technical Analysis

Formed day golden cross, the pair continued moving to the past maximum 143.78, update and consolidate above which is the main objective on the way to the goal breakdown daytime clouds and clipping adjustment on a weekly half. Support from senior halftime now remained far below and is not very relevant

EUR/JPY H4 Formation

That's a cloud struck H4, have tested and advanced to the target, which is called non-stop, only limited support for short-term trend H4. See enough power to endure and fulfill the purpose of 100%. After working target levels can be formed and consolidation recoil movement. First support is now 143.16 (Tenkan H1), then the work will come 142.70-77 (Tenkan Kijun H4 + H1). Breakdown and fastening under the cross H1 and H4-term trends will lead to a deepening of the main reference is correct and in this case would be the Kijun H4, now it is located at 141.69 and enhanced daytime levels.

FOREX Signal For Today:

USD/CHF continues bearish trend taking resistance at level 0.8899. One can enter SHORT position if pair sustains below support level of 0.8782. Key fundamental to look for today is ADP Non-Farm Employment Change to be announced at 12:15pm GMT with forecast value 192K against previous 139K.

USD/CHF Today

FOREX Signal For Today: Daily Technical Levels

FOREX Signals:

GBP/USD continues to move bullish while taking support at 1.6462 level. Momentum indicators are also bullish on the pair.

Next resistance to look for is at 1.6820 level.Key fundamentals for today is Manufacturing PMI announcement on 08:30am GMT with forecast value 56.7 against previous 56.9.

Today GBP/USD Chart

FOREX Technical Levels

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.3727	1.3736	1.3745	1.3754	1.3763	1.3772	1.3781
GBP/USD	1.6618	1.6629	1.6638	1.6649	1.6658	1.6669	1.6678
AUD/USD	0.9225	0.9232	0.9245	0.9252	0.9265	0.9272	0.9285
USD/JPY	102.73	102.79	102.84	102.90	102.95	103.01	103.06
USD/CAD	1.1031	1.1041	1.1046	1.1056	1.1061	1.1071	1.1076
USD/CHF	0.8842	0.8849	0.8860	0.8867	0.8878	0.8885	0.8896

EUR/USD Levels: FOREX Trend Analysis Today

End of the week may be decisive for the formation of medium-term reversal pattern. Yesterday's proposals manifestation that occurred after testing at the border of the February monthly fault 1.3950. This level was determined early in the week as the first important resistance. At this stage it is important structure confirm reversal. While there are two basic levels at which we can expect the beginning of compensatory upward movement, which will decide the outcome of the implementation of the reversal pattern. The first level of support at around 1.3823, the second is the level of balance in March. Depending on how the mark will reverse motion, and will be determined best price to buy the instrument.

The earlier a demand, the higher you can get best price to buy the tool in case of confirmation of the reversal pattern. From the perspective of intraday fluctuations course overcame fault 1.3906-1.3896 day. In the case of growth and re-testing of this zone are the best prices on the sale will be located within this zone. If the exchange rate will continue to decline to the level of 1.3823, you will need to build a new day faults formed from a local minimum, which is not a few points below the current zone. Worth noting that below the monthly balance is weekly fault 1.3786-1.3766, which is now the main target area. While this support zone remains premature to talk about the medium-term reversal. however, look for short trades from daily faults, definitely worth it. The reason is the impending expiration of futures contracts.

FOREX Signal For Today: USD/CAD Bullish

At the senior schedule still there is an upward trend. The main purpose for the buyers still stands 1.18 resistance zone. Currently there is renewed upward movement of the support area 1.10. It is advisable to look for buy signals.

FOREX Signals Today

Daily data suggest that USD/CAD is in upward movement. You can see that the initial purpose for buyers perform resistance zone 1.14, the overcoming of which would open the way to a mark of 1.18. Protective pause point will at least 1,094 vibrations. Today, it is recommended to buy.

EUR/USD Trend and Trading Recommendation Today

After taking a wait all day yesterday EUR / USD pair remained in the range of the maximum amplitude of price changes of about 50 percentage points Thus, there remains the situation, allowing the currency pair to resume progress since February 19, the downward movement in the direction of the first possible target located on the approach to a mark 1.3650. In this case we denote MACD_akatak same divergence indicates that the alleged 2nd wave or b, taking a rather complicated and a long form, has almost completed the process of its formation.

Trading recommendations: As part of the descending wave may start price reduced with the objectives located near settlement marks 1.3646 and 1.3588, which equates to 50.0% and 61.8% Fibonacci. As part of the ascending wave instrument can continue to increase with the objectives located near 1.3762 and 1.3836 marks, which corresponds to 100% and 11.4% Fibonacci. Unsuccessful attempt to break the 1.3762 mark and MACD Divergence encounters conclusion readiness tool to build a downward wave. Breakthrough mark 1.3762 bring upon conclusion readiness tool to continue increasing prices.

GBP/USD Technical Data For Today: Trading Recommendations

Technical Data:

Senior linear regression channel: direction- up. Low channel linear regression: direction- up. Moving Average (20; smoothed)- up. CCI:-57.0391

Therefore, the aim of the current upward movement is the level of Murray "1/8"- 1.6724. If price overcomes the first target, the new target for the upward movement will be the level of Murray "2/8"- 1.6846. In the case of overcoming this and the Target, all levels Murray recalculated and will generate new targets for trade. Drawing attention to the Heiken Ashi indicator that colored the latest bars in blue, can be said about the local downward motion, so long positions will be relevant after the turn indicator up, which would mean the resumption of upward movement. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Shorts can be considered only after fixing prices below the moving average line and turn down any linear regression channel. The CCI indicator is about the level of -100 , which indicates the presence of a weak currency pair oversold.

The next support levels are 1.6602-1.6479-1.6357 while nearest resistance levels are 1.6724-1.6846

Trading Recommendations:

Based on the analysis funtdollar pair, we can conclude that now advised to consider warrant to purchase for the purpose of 1.6724. If this level is passed, the new Target will act 1.6846. Stop level is recommended to place below the moving average, and as his rise up and carry stop-loss. With the passage of 50-60 points stop loss can be moved to a zero level. Open long position is recommended in case of formation of 1-2 bars (depending on size) or purple when prices rebound from the moving average line. Take-profits can be set slightly below target levels Murray. Sell ​​orders considered not recommended.

FOREX News and Forecast For Today: 19th Feb

FOREX News For Today

Australian dollar can be attributed to the normal deviation of a normal day. Australian dollar finished the Asian trading almost unchanged, although the beginning of the session of the Reserve Bank of Australia comments provoked its growth, which further weakened and gave way to decline. Next pair reached strong levels of support, from which then recovered slightly by the end of the day. On the day the fair price protection zones are located in areas VAL -0.9010 and VAH -0.9046. Control point POC was formed in 0.9035. 

From a practical perspective, that document has already reveled the new strategy being adopted by Mark Carney and company, limiting the Minutes’ market-moving potential. With that in mind, follow-through on any near-term volatility borne of subtle nuances in officials’ rhetoric may prove limited. January’s UK Jobless Claims data is likewise on tap, with a 20,000 decline expected.

Forecast for Today

During today's Asian session, the Australian dollar continued to weaken against the U.S. dollar on the back of weak fundamental data. The first resistance level for the AUD/USD now is the level of VAL from February 17 -0.9022 from which the couple may have to return to the test more than usual VAH from February 17 -0.9052 and POC on December 6, 2013 -0.9068. Securing above these levels can lead to the formation of a new upward trend in the area of 9 December VAL -0.9085, and then to the POC from December 11 -0.9107. The farthest goal is still the region POC from December 10 -0.9125.

FOREX Signal For USD/CHF with Today's Trend

The USD/CHF continues downward movement has no correction, and even 1-2 less strong bull bars are also absent.

FOREX Signal For USD/CHF

Current sell signal-strong and confirmed as Chinkou Span entrenched below the price, and the price is below the Ichimoku cloud. So now the goal for the downward movement is the first support level 0.8873. If the price is below the first target has to be available new target for downward movement- the second support level 0.8821.

Downward movement has prospects as long as price is below the Kijun-sen (0.8970) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF.

FOREX Trend and News Today:

Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down which indicates a downward price movement if the indicator unfold upward, it could signal the beginning of the corrective movement. Indicator also can start at any time to discharge. If the price bounces from 0.8873 level, it can also trigger coil upward correction.

Trading recommendations: franc on the foreign exchange market is now advised to consider shorts with the first goal -0.8873 . When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8970, and if this line will be reduced, it is possible to carry stop-loss after her. Close short positions recommended in case prices rebound from 0.8873 or turn up the MACD indicator. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825. In addition to the technical picture should also consider the fundamental data and the time of their release.