EUR/USD Forecast: Sideline VS. Downtrend

EUR/USD Forecast: 7th April, 2015

EUR/USD jumped directly to 1.1055 level to test it 3 times during March 2015. This was fast for my expectations and it actually changed my thoughts about the bulls of EUR/USD, they are stronger than everyone thought. USD was weaker due to the bad US economic data during the last 2 weeks and this was the main reason for this limited up-trend during the second half of March. I am expecting sideline moves for this pair in the next 2-3 days with a down-trend in the end, I am not recommending to trade EUR/USD really till things become much clear but, if you’ve to do that so, Short (selling) is your only option (~if it does not break 1.1055 level).

The EUR/USD still has a minor support at 1.0459 and it tested it once, I am still expecting another test for this support level. Federal Reserve System (Central bank of America) is still confusing the market about the timing of the first-rate hike, with weaker nonfarm payroll in March, everyone is pushing expectation forward from June 2015 to September 2015. Notice that Greece’s smoke is still there and will increase during the next 2 weeks. Watch out your steps because the EUR is ready to fall again!

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1055
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Sell at: 1.0455 – Take Profit 1.0400 (55 pips profits)
  • Sell at: 1.0860 – Take Profit 1.0760 (100 pips profits)
  • Sell at: 1.0800- Take Profit 1.0750 (50 pips profits)

QUICK HINT: EUR/USD is still dangerous pair, I recommend using very low leverage and do not risk more than 2% of your total equity in it. Remember to take profit quickly, I mean it again – QUICKLY!

This signal is valid during trading week(s): 7th-13th April 2015

EUR/JPY Forecast: Tempting to buy

EUR/JPY forecast 2nd April, 2015

EUR/JPY is one of the most exciting pairs during 2014 and 2015. This pair moved within +2000 pips in less than 6 months drived by the EUR/USD and USD/JPY moves. Personally, I watched this pair and could not take the risk to trade it during the last 3 months. The risk was extremely high and the moves were wild like the angry volcano. However, these days I feel that it is the time to take some risk and jump into action. We had 3 weeks of bullish moves and this is a well-defined support around 126.89 level. With the Non-farm payroll tomorrow, I can tell that we are about to see a real trial to test strong resistance like 135.40

As I mentioned before on this USD/JPY reviewNon-farm payroll expectations are high. On 3rd April, 2015, everything will be clearer than now. Let’s take some risk and see how it goes tomorrow!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 135.40
  • SUPPORT: 126.89

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 128.10 – Take profit 127 (110 pips profits)
  • Buy: at 129.6 – Take Profit 131.6 (200 pips profits)
  • Buy: at 130 – Take Profit 131 (100 pips profits)

This review is valid during trading week(s): 2nd-10th April, 2015

USD/JPY Forecast

USD/JPY Forecast: March Nonfarm Payroll in Vision

usdjyp 31st, march 2015

USD/JPY fell after testing resistance at 122 level under heavy selling pressure, to find a decent support around 118.31. This move was not fast but, moving back from 118.31 to 120 again was piece of cake for the bulls. I’ve inner voice telling me that this easy uptrend is not the end of this newly-born bullish wave. However, we have 2 important resistance levels to watch at 120.45 and 122.02. If we broke those levels, you should buy and hold for a while till the pair gives a test to 123-124 levels. My previous expectations are the same however, take care from the quick falls, they are extremely dangerous in this area.

Non-farm payroll expectations are high. On 3rd April, 2015, everyone is betting that it will be one of the highest numbers in the NFP history. Personally, I am not that optimistic so, I am expecting NFP to come out around: 290K-300K which is not far away from the last month numbers and it is very supportive for a stronger dollar too.

The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 124
  • SUPPORT: 118.20

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 122.8 – Take profit 122 (80 pips profits)
  • Buy: at 119.80 – Take Profit 121 (120 pips profits)
  • Buy: at 120.1 – Take Profit 121 (90 pips profits)

This review is valid during trading week(s): 1st-10th April, 2015

GOLD forecast: Selling pressure & bulls are waiting to hunt!

GOLD 30th March 2015

Gold (currently at: 1183 level) after taking a direct run from 1128 to 1220 during the second half of March, 2015 as I previously expected. The 1220 level was a strong resistance to stop this run from moving up to the next level.

I still prefer the long positions for the gold, wait for the gold to fall sharply this time, with the nonfarm payroll next week, you should not buy GOLD early without a clear support.

The GOLD (XAU/USD) has the following major resistance and support levels:

  • RESISTANCE: 1220
  • SUPPORT: 1076

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 1180 – Take profit 1100 (80 pips profits)
  • Buy: at 1080 – Take Profit 1180 (100 pips profits)
  • Buy: at 1010 – Take Profit 1160 (150 pips profits)

This review is valid during trading week(s): 30th, March-3rd April, 2015