Forex view

Hello Traders,

This is a part of my yesterdays raport which was sent to my email-readers:

EUR-USD
Another test 1,3160-80, support start near 1,3120 then 1,3080 ahed of 1,3025, key 1,2980.
Bulls need to move above resistance , next target 1,3225.
Startegy: Consolidation possible, wait for US data nad Bernankie, or buy above resistance for short trade

GBP-USD
1,9460 was tested again today, need to move above for 1,9500-50, failure break could push pair lower, after this double top formation possible
Strategy: Consolidation possible, wait for US data nad Bernankie, or buy above resistance for short trade

USD-CHF
Support near 1,2020, risk for bounce twds 1,2150-60.
Strategy: Look to sell on rally


USD-JPY-
Support today 115,35-45, could be important, if will be broken next target 114,45 ( 50% of May to Oct rally ) then 113,35 – SHS pattern break last week. Resistance 116,30 then 100DMA at 117,10

EUR/JPY – 153,04 should be strong resistance, while below this level we could see some consolidation ahed of next move twds 154,00. Support near 151,20.
Strategy: buy on any dip

GBP-JPY
Multiyear high above 206 level, support now at 205,25-30.
Strategy: buy on dip with sl below support



JAPAN: Senior Govt Official Yoshimi Watanabe reported saying,
- Economic conditions not yet ready for BOJ rate hike
- BOJ rate hike would drag down economic growth when uncertainty
already rising
- Expects BOJ to work with government in conducting monetary policy.

Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
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Forex Strategy

Hello Traders,

Strong USD sell-off last week, it looks like liquidation Long USD positions, this week we opened higher ( EUR-USD ) Touched 20 month high, but we have correction at this moment, propably USD will be weaker this week, watch market....


EUR-USD

Correction start from near 1,3180 (1.3185 -- the 76.4% of 1.1640 to 1.3670 ), could suggest some consolidation, at this moment support 1,3085, but if will break we could see 1,3015-25, key is 1,2980. While above 1,2980 bulls have a chance for move twds 1,3480 and 1,3666.

Strategy:
Buy at 1,3015-25 with sl below 1,2980 Tp open ( try to close first half near 1,3185, after this put sl on entry level )

GBP-USD

1.9460 - a resistance line from Sept 1992, above - Dec 2004 high at 1.9550. Good support , todays low near 1,9300 level, then 1,9250 with potential 1,9220.

Strategy:
Buy at 1,9280-9305 sl below 1,9250 Tp 1,9460


USD-JPY

Fukui said that the BOJ will cautiously adjust interest rates while maintaining accommodative monetary conditions.

"We will carefully analyze future economic data in order to seek a good chance for rate hikes," Fukui said.

The economy and prices continue to move as the central bank expected, Fukui said, adding that the BOJ doesn't need to change its economic outlook despite recent weak economic data.

He also said that it is too early to worry about capital spending overheating now.

But Fukui emphasized the need to closely watch for potential risks in the economy and corporate activity on the back of a continued accommodative monetary environment.

Regarding recent movements in foreign exchange markets, Fukui said, "The forex markets have recently moved slightly. We are always closely watching FX moves, including other financial markets, in managing monetary policy."

He added that foreign exchange rates are being influenced by an interest rate gap.

116,60-117,00 – strong resistance, wait for JPY data later this week

Idea: Watch resistance level, small short there with sl above 117,05-15 for 114,45 target.


USD-CHF

Strategy: Sell at 1,2160 sl 1,2195 tp 1,2060

Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex view

Hello Traders,

Short week, very tight range and light volume...

Stand aside or range-trade...

My E-mail readers recived good signals yesterday,
I wrote that if Euro-Usd will break range 1,2825-40 we should see 25-30 pips move :), after better than expected Us data yesterday, Eur-Usd broken down this range and we tested near 1,2800 level, also i took small long Usd-Chf yesterday, near 1,2400 i had small stop-profit...

Only GBP looks strong this week after better than expected Gbp data, but still below 1,9020-40 level...

Today:
weaker number from CAD pushed this pair near 1,15 level
im also watching jpy - hawkish BOJ minutes, but still dominate carry trade...
Looking to counter-trade EUR-JPY...

Strategy : Try to sell near 151,50 with tight sl at 151,70-75...

Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex view...

Hello Traders,

Very busy day today:

first better than expected UK retail sales, after this gbp-usd holds support near 1,8850 and we saw strong bounce twds 1,8910, failure break 1,8900 pushed pair back to 1,8870...

then us core inflation worst than expected,
eur-usd tested 1,2835-40 and gbp-usd tested strong 1,8930 region... still no clear direction while below this levels...

rest us data was in line with expectation and failure break resistance pushed eur and gbp vs usd on lower levels...

eur-usd quick back below 1,2800 suggest that tommorow we should see test 1,2770 again and even 1,2750

gbp-usd - quick back below 1,89000 suggest that we should see another test 1,8840-50 level and if will be break next 1,8780-8800

Trading idea:
Try to buy usd on dips during asia or early european session


Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex view

Hello Traders,

EUR-USD - 1,2770 was tested after better than expected us data, eur is below 1,2800, for today wait for FED minutes, and if stay below 1,2800 could test 1,2770 and 1,2750 ahead tommorows us data, if will close above 1,2815 maybe near 1,2830 its could be good sign for eur bulls....

I had short earlier today from 1,2825, took profit at 1,2795

GBP-USD - strong sell-off after 1,8950 was taken out, 1,8845-55 support holds for now, expecting some bounce from this level, maybe another good chance for going short ( dovish comments from BOE ) gbp...?

My e-mails readers recived few good signals from mondayfor gbp...

Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Fx - ahead weekend

Hello Traders,

Yesterday info from China oficials hurt long usd positions, my also…

It was not good week, but propably range will be break sooner than later…

Eur-Usd - looks strong, but first resistance near current level, buy on dips for 1,2940 - generally watch todays close , my longer term view for this pair could change if we close near 1,2940

Gbp-Usd - above 1,9140-45, look for 1,9225 soon, try long near 1,9100 level...
Change view while above 1,9140...

With rest stand aside , wait for next week

Good Luck
Piotr

Forex analysis...

Hello Traders...


USD LOOKS STRONG AGAIN…

NFP data : The October unemployment rate dipped to its lowest level in over 5-years at 4.4%, with another bout of strong upward revisions to previous months' non-farm payrolls.



EUR-USD

50 dma – 1,2692
100 dma – 1,2706

Strong support – 1,2677

Resistance – 1,2730 then 1,2775-80

Range trading possible, watch daily close…., needs below 1,2675 for strong move down or above 1,2780-1,2800 for strong move up…

GBP-USD

20 dma – 1,8795
50 dma – 1,8838
100 dma – 1,8719

1,9100-45 was tested few times last week, but strong NFP number pushed pair lower below 1,9030 support ( now resistance ), structure is bearish at this moment, 1,8930-35 target possible…

Holding short position…

USD-JPY

20 dma – 118,55
50 dma – 117,77


Strong recovery during Friday’s us session, found resistance 118,15-40, needs to close above this level for move towards 118.80-119,00,

support 117,70-80…

Look to buy on dips if seen…

USD-CHF

Strong move above 1,2500 level suggest that 1,2580-1,2620 could be test soon, watch support at 1,2470-80…

Holding long position…

for more details send email to me...

Good Luck Good Trade
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.


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