Forexsq.com - It is a case of déjà vu again and again this week as Greece will inevitably dominate the headlines. It will basically come down to German Chancellor Merkel’s decision whether to push ahead with a deal package which totally lacks credibility or whether to put Greece out of its misery now and gamble with default and Euro exit. It looks increasingly likely that Germany is prepared to
Forexsq.com - SD/JPY is holding above the 200-day average for the first time in several months. The move follows last week’s sharp rebound which was triggered by a bullish DeMark™ signal from oversold conditions (see bottom intraday chart). Our view remains bullish, as USD/JPY verges toward a major long-term 40-year cycle upside reversal. Expect key cycle inflection points to resume sharply over
Forexsq.com - EUR/USD has activated a reversal beneath key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Further compounded bearish pressure remains from the recent candle pattern and intraday DeMark™ signals. • Only a successful challenge of 1.3250 will unlock an extended recovery into our next target zone at 1.3440/60 and 1.3548 (02nd Dec high). • Meanwhile, the bears need to push back bene
Forexsq.com - EUR/USD’s latest rebound is still under key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Further compounded bearish pressure remains from the active candle pattern and intraday DeMark™ signals. • Only a successful challenge of 1.3250 will unlock an extended recovery into our next target zone at 1.3440/60 and 1.3548 (02 nd Dec high). • Meanwhile, the bears need to push back bene
A.D.P. reported United States (U.S.) private sector employers added 170,000 positions in January. December added a revised 292,000 number of jobs. For January, analysts projected growth of 182,000. Despite this, the past three month (November, December, and January) average calculated to 223,000 a higher monthly average compared to the mean for all of 2011 at 163,000, according to ADP. Some of th
The pair is trading above the 50-Day SMA, so we look for additional gains towards the 100-Day SMA by 1.3360. However, a break back below the 50-Day SMA could trigger a setback towards the 1.2875-1.2930 support area, with a break below to extend losses toward the 1.2625 low.
The pair managed to hold above the 100-Day SMA, and in a short-term could test the 1.5770 resistance. A clear break above this level would confirm the medium-term uptrend towards the 200-Day SMA by 1.5960 or the 1.6150 resistance. However, a break back below the 100-Day SMA could trigger a setback towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low.
The pair is trying to hold above the 100-Day SMA. Should it succeed, the uptrend will likely continue towards the 200-Day SMA by 1.5960 or the 1.6150 resistance. However, a break back below the 100-Day SMA could trigger a setback towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low.
The pair managed to hold above the 50-ay SMA and in a short-term could continue gains towards the 100-Day SMA by 1.3370. However, daily studies are close to overbought conditions, suggesting that a reversal could take place from current levels. A break back below the 50-Day SMA would confirm a setback towards the 1.2875-1.2930 support area, with a break below to extend losses toward the 1.2625 lo
The pair dropped to the 76.50 support. Breaking below this level would aim the pair for testing the 75.50 low. However, should the pair hold above 76.50, we could see a rebound back towards the 100-Day SMA by 77.20, the 50-Day SMA by 77.40 and ultimately ahead of the 200-Day SMA by 78.30.
ForexSQ.com - EURUSD - Having rallied and broken the 1.3074 level and the 1.3197 level, EUR now looks to strengthen further with eyes on the 1.3375 level, its Dec 12'12 level. On further price extension, the pair should target the 1.3484 level, its Dec 05'2011 high and possibly higher towards its Dec 02'2011 high at 1.3547. Its weekly RSI is bullish and pointing higher suggesting further strength
The pair reached the 50-Day SMA by 1.3080. A clear break and consolidation above this level would confirm a shift in a medium-term structure and accelerate gains towards the 100-Day SMA by 1.3380. Otherwise we see the risks of a new decline towards the 1.2590-1.2625 support area.
The pair reached the 100-Day SMA by 1.5670. A clear break and consolidation above this level would confirm a shift in a medium-term structure and accelerate gains towards the 200-Day SMA by 1.5970 or the 1.6150 resistance. Otherwise we see the risks of a decline back towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low
The pair managed to hold above the 50-Day SMA and in a short-term could reach the 100-Day SMA by 1.5670. Breaking and consolidating above the 100-Day SMA would confirm a shift in a medium-term structure and accelerate gains towards the 200-Day SMA by 1.5975 or the 1.6150 resistance. However, while the pair trades below the 100-Day SMA, we could see a bearish reversal and setbacks below 1.5300 to
The pair broke the 50-Day SMA by 77.40 and reached the 78.00 level. Now we look for additional gains towards the 200-Day SMA by 78.40, with a daily close above to open a door for reaching the key 79.50 resistance. However, should the pair stall out by the 200-Day SMA, we could see a setback towards the 50-Day SMA, the 100-Day SMA and the 76.50 support.
