Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the Read More
One week ahead (02.04.2008-02.11.2008)
EURUSDThe Euro rose versus the US dollar during the past week and has reached highs in the 1.49 zone but it failed to establish fresh record highs above the 1.4960 mark although the NFP data encouraged such scenario. It looks that the Euro is not ready yet to climb higher and it currently ranges violently Read More
One week ahead (01.28.2008-02.04.2008)
EURUSD mid-term outlook The markets have been very volatile on the last two weeks, with the EUR falling from 1.4915 to 1.4360 and then recovering fast by rallying into the 1.47-1.48 zone. The unexpected events like the Fed’s emergency 75bp rate cut and Sociente Generale losing 7 billion dollars in a trading fraud have caused Read More
A week ahead (10/02-10/09)
EURUSD Weekly Report, by Liviu Flesar As we mentioned on our previous weekly report, 1.2730 was expected to act as a key level which would guide towards the potential market objectives during the next couple of days. The level has been breached and the Euro extended the decline into the middle area of 1.26 Read More
One week ahead (09.25-10.02)
EURUSD weekly outlook, by Liviu Flesar The dollar recovered against the Euro, resuming the correction started on Friday after the two intraday tests of 1.2830. However, mid-term sentiment on dollar remains bearish and further weakness is possible. The ex-support level at 1.2780 which seemed quite stable over the last two trading days, failed to hold Read More
A week ahead (05/22-05/29)
EURUSD weekly outlook, by Liviu Flesar The Euro depreciated Vs. the U.S. Dollar last week. Right after establishing fresh highs close to the 1.3 level, it declined giving back gains after the U.S. economic data suggested that the FOMC is not finished tightening monetary policy. Even so, the Euro is facing strong support at 1.2700 Read More
A week ahead(05/01-05/05)
EURUSD Weekly outlook, by Liviu Flesar The Euro managed to extend its gains through the 1.2330 resistance formed by the highs of January and Apri, establishing this year’s highs currently at 1.2690. Medium term support is formed by the 1.2330, 1.2590 and 1.2520. While the two support levels hold, it may continue to rise towards Read More
A week ahead (04/10-04/14)
EURUSD Weekly outlook, by Liviu Flesar Breaking the triangle formed on the dailies wasn’t enough to boost the Euro climb towards the 1.25 area, at least, not yet. The large gains of the Euro seen during the last week were quite obviously pointing to a potential test of the resistance established on January at 1.2320. Read More
One week ahead (04/03-04/07)
EURUSD weekly report, by Liviu Flesar On our previous report one week ago we pointed to the triangle formed on the daily charts by the upward trendline started at 1.1830 on the end of February and the downward trendline started at 1.2320 on January extended through the highs of March at 1.22. We’ve been expecting Read More
A week ahead (03/27-03/31)
EURUSD Weekly Report, by Liviu Flesar After failing to break through the 1.22 barrier, the Euro declined to the mid 1.19′s and breached the 50% fib retracement of the 1.1830-1.2200 which could have cause a reverse in the 1.2030 area. The daily momentum lost strength though the last Friday move may resume by the beginning of Read More
A week ahead (03/06-03/10)
EURUSD Weekly report, by Liviu Flesar The Euro recovered Vs the US Dollar during the last week, after it established the lows in the 1.1830 area. Weekly highs were established in the mid 1.20′s and Friday’s session closed slightly higher the daily open quote and strenghtened the resistance level at 1.2050. We may see an Read More
One week ahead (02/20-02/24)
EURUSD weekly outlook, by Liviu Flesar Ranging between the half 1.18′s and peaking to 1.1950 after breaking the key support level of 1.2 encouraged by the NFP release, the dollar continues to threaten the lower area below 1.18 still, sentiment mainly expressed on the longer term studies. While both 1.2 and 1.1850 remain valid, we Read More
Oen week ahead (02/06-02/10)
EURUSD weekly outlook, by Liviu Flesar The dollar advanced breaking through the key support at 1.2000 on Friday due NFP release, reaching also the upward trendline formed on the daily charts and seen on the picture below. Since the daily bar didn’t close below 1.2000 we expect to see a resume of the ranging moves Read More
One week ahead (12/19-12/23)
Weekly technical outlook, by Liviu Flesar EURUSDThe positive momentum established on the daily charts remained intact since the 1.19 break and strenghtened while the Euro managed to stay above 1.19, testing the mid-area of 1.20. Strong support was found at 1.19 followed by the key level of 1.2 . The top reached at 1.2060 during Read More
One week ahead (11/28-12/02)
Weekly technical report, by Liviu Flesar EURUSDAfter establishing the 3 weeks low Vs. the Euro, the U.S. Dollar recovered and went back in the depths of 1.17 . As we pointed out on our previous weekly report, 1.1860 has been favored to act as a reversal point, being the half retracement of the 1.2080-1.1640 move. Read More
A week ahead(10/10-10/14)
Weekly technical outlook, by Liviu Flesar EURUSDThe Euro recovered some of its losses versus the dollar during the previous week, extending its gains above 1.2000 right after the Dollar pushed lower, testing the key support at 1.1900. The resistance at 1.2180 was strong enough to trigger a reverse, event encouraged also by the data released Read More
A week ahead (09/26-09/30)
Weekly technical report, by Liviu Flesar EURUSDInteresting moves favored the dollar bulls during the last 3 weeks offering good opportunities aiming towards the psychological level of 1.2000 especially after the short-term breakout at 1.2180 when the fibonacci 50% retracement of 1.2455-1.2100 became a potential short entry of objectives at 1.2100 and lower in case of Read More
A week ahead(07/18-07/22)
EURUSD The EURO dropped from 1.2250 reaching the 61.8 retracement of the 1.1875-1.2250 move at 1.2020 on Friday. The daily studies are moderately bearish while the weeklies are still bullish but fragile and a climb through 1.2200 is required during the next few days in order to mentain the weekly studies bullish sentiment. If the Read More
A week ahead (07/04-07/08)
Weekly technical outlook, by Liviu Flesar EURUSD After many days of ranging upon the psychological level of 1.2000, the Dollar managed to win the battle with such a strong EUR support and reached lows in the 1.1950 area where it also closed on Friday, therefore adding relevance to an important breakout made by a weekly Read More
A week ahead (06/20-06/24)
Weekly technical outlook, by Liviu FlesarEURUSD The Euro continued to decline versus the US Dollar establishing lows near the 1.2000 level but now it is seeking a secure support that won’t allow it to fall suddenly again to and even below 1.2000. This is probably only a corrective phase, but even so, it may reach Read More
A week ahead (06/06-06/10)
Weekly techincal outlook, by Liviu FlesarEURUSD Euro continued the decline versus the Dollar by resuming the test at 1.2550 on Monday and influenced by the France’s referendum, it fell in the 1.2100 area, finding some support at 1.2160, recovering a bit in the 1.2300 zone ahead of NFP and falling again, ending the week in Read More
A week ahead (05/30-06/03)
Weekly technical outlook, by Liviu Flesar EURUSDAfter a minor retracement in the 1.26 area, the dollar continued its path bringing the psychological level of 1.2500 in focus, with a test which established a record low of this year at 1.2495. Despite the Euro strong bearish sentiment, the greenback was pulled North in a trend corrective Read More
A week ahead (05/23-05/27)
Weekly technical outlook, by Liviu FlesarEURUSD Even if we expected a corrective phase aiming half of the 1.2700 area, the Euro fell below 1.2600 after retracing at 1.2690. The critical trendline seen on the weekly charts started at 1.1375 on 02 of November 2003 and extended right was faced on Friday, in the 1.2550 area. Read More
A week ahead(05/16-05/20)
Weekly technical outlook, by Liviu Flesar EURUSDDuring the last week, the dollar rallied versus all the currencies across the board, breaking through all the major support levels seen in the 1.2800 to 1.2600 range.Looking at the hourly studies, we can see a downward channel and the pair hitting its floor on Friday and this is Read More
A week ahead(05/09-05/13)
Weekly technical outlook, by Liviu FlesarEURUSDThe Euro rose to the 50% retracement of 1.3121-1.2832 which is the key level of 1.2990 and as we expected one week ago, it was not able to break through 1.2990, reversing there and getting back in the deeps of the 1.28 area. The narrow range of 1.2930-1.2990 was suggesting Read More
A week ahead(05/02-05/06)
Weekly technical outlook, by Liviu Flesar EURUSDEuro reached key support in the 1.286/7 area, breaking the major support levels in the 1.29 area. After breaking 1.299 which acted as a key permited retracement before steping foward to 1.31/32, the bearish sentiment on both hourly and daily studies is now re-focused. Influenced by the losses versus the Read More
A week ahead (04/25-04/29)
Weekly technical outlook, by Liviu FlesarEURUSD Even if both currencies were quite weak during the previous days, losing ground versus the other currencies, the Euro managed to rise above the key level at 1.306. The week also closed above 1.306, therefore it is now possible to see more aggressive tests on the 1.31 area and Read More
A week ahead (04/18-04/22)
Weekly technical outlook, by Liviu Flesar EURUSDThe dollar fell back on Friday against the major currencies despite a stronger-than-expected report from the Treasury Department on US capital flows. After testing the major barier at 1.277, the greenback is now back in the 1.29 area, asking again for the patience of those waiting to see Read More
UPDATE: A week ahead (04/11-04/15)
Weekly technical outlook, by Liviu Flesar EURUSD The pair consolidated for a while during the Asian session, trying to break 1.3 in the London trading and falling for 150 points in the US trading session after the US trade deficit which widened to record $61 bln in February (consensus -$59 bln. / previous -$58.3 bln).The Read More
A week ahead (04/11-04/15)
Weekly technical outlook, by Liviu FlesarEURUSD The Euro tested bids towards 1.27 area forming a double bottom at 1.28 and bouncing back to 1.293 on Friday where the Euro bulls were not able to break 1.2935 but it looks like an “almost done” action that is taking a breath during this weekend. A complete 1.293 Read More
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