Forecast for the European session on May 29
EUR
The euro continues to decline. There is the middle of the channel 1.1170 and it will be repelled by it. If the false breakdown and return, then sell with the goal of 1.1143. If we fix for the second half of the day at 1.1170, then I will look at purchases in the area of 1.1196, where sales are on rebound. Purchases to rebound from a minimum of 1.1143.
GBP
I think today they will break through 1.2648 and drive them down to the area 1.2607 and 1.2564, where the first purchases are. If again there is a false breakdown, then the purchases are based on a return to the area of 1.2696 and update 1.2744, where I sell for a rebound. A failed consolidation at 1.2696 is also a sale with a target of 1.2564.
CAD
Sales after the update 1.3500 or rebound from 1.3520 with the target of 1.3465. Fixing below 1.3465 sale in the area 1.3429, where I look at the first purchase.
GOLD
Unsuccessful consolidation at 1283.70 or return under 1278.20 - sale with a target of 1272, where I buy for a rebound. If you hold 1278 or consolidate above 1283.70, then you can see purchases by 1291, where I sell for a rebound.
Re: Forecast
272Forecast for the European session on May 30
EUR
Unsuccessful consolidation and return under 1.1143 - sale in the area of 1.1112, where I buy for a rebound. If we fix above 1.1143, then wait for update 1.1170 and sell there. Shopping from 1.1143 only in the afternoon with the goal of 1.1196, where I sell for a rebound.
GBP
Unsuccessful consolidation on 1.2650 -sale with the target of 1.2607 and there we will fly to 1.2564 and 1.2500, where I will look at the purchases. If there is no downward movement from 1.2650, then sales to rebound from 1.2696. Purchases on a false breakdown from 1.2607, or after fixing on 1.2650.
CAD
Breakthrough 1.3523 - purchases to 1.3560 and 1.3610. If we go below 1.3500, then I will look at sales in the area of 1.3465 and 1.3430, where there are purchases for rebound.
GOLD
Shopping only on a false breakdown from 1276, or on a rebound from 1270.30.
Sales after an unsuccessful attempt to grow above 1282, and better to rebound from 1288.50.
EUR
Unsuccessful consolidation and return under 1.1143 - sale in the area of 1.1112, where I buy for a rebound. If we fix above 1.1143, then wait for update 1.1170 and sell there. Shopping from 1.1143 only in the afternoon with the goal of 1.1196, where I sell for a rebound.
GBP
Unsuccessful consolidation on 1.2650 -sale with the target of 1.2607 and there we will fly to 1.2564 and 1.2500, where I will look at the purchases. If there is no downward movement from 1.2650, then sales to rebound from 1.2696. Purchases on a false breakdown from 1.2607, or after fixing on 1.2650.
CAD
Breakthrough 1.3523 - purchases to 1.3560 and 1.3610. If we go below 1.3500, then I will look at sales in the area of 1.3465 and 1.3430, where there are purchases for rebound.
GOLD
Shopping only on a false breakdown from 1276, or on a rebound from 1270.30.
Sales after an unsuccessful attempt to grow above 1282, and better to rebound from 1288.50.
Re: Forecast
273GBP / USD: plan for the European session on May 31.
To open long positions on GBP / USD you need:
Yesterday, the bulls managed to keep the support level of 1.2603, which is a good signal for a change in the downtrend. Today, in the first half of the day, a return and consolidation above resistance 1.2950 is required, which will make it possible to count on rapid growth to a maximum of 1.2696 and an update of resistance 1.2744, where I recommend taking profits. With a further decrease in the pound, you can open long positions on a false breakdown from the low of 1.2603, or on the rebound from the support of 1.2564.
To open short positions on GBP / USD you need:
As long as trading will be below resistance 1.2650, pressure on the pound will remain, and the formation of a false breakdown there in the first half of the day will be a signal to sell the pound. The main task of the bears is the breakthrough of support at 1.2603, which may lead to the resumption of the downward trend and update the minimum of 1.2564, where I recommend taking profits. When the growth scenario is above 1.2650 in the first half of the day, you can return to sales of the pound immediately to rebound from a maximum of 1.2696.
EUR / USD: plan for the European session on May 31.
To open long positions on EURUSD you need:
The technical picture has not changed, and the volatility continues to be very low. Buyers today need to return to the resistance level of 1.1143, from which it will be possible to see an upward correction to the area of maximum 1.1170, where I recommend taking profits. In the morning, a number of important data on inflation in Germany and Italy are published, which may put pressure on the euro. In this scenario, it is best to look for purchases on the minimum update in the area of 1.1117, subject to the formation of a false breakdown, or open long positions to rebound from the new support 1.1079.
To open short positions on EURUSD you need:
The release of important fundamental data in the first half of the day for the euro area may lead to a decline in the euro. False breakdown and return under resistance level 1.1143 will be a signal to open short positions in euros, and the main task for the first half of the day will be a test of a large support level 1.1117, which will increase the pressure on the pair and will lead to an update of the minimum in the area of 1.1079, where I recommend taking profits. Under the scenario, the growth of the euro is above 1.1143, it is best to return to short positions in EUR / USD after updating the high of 1.1170, or to rebound from a larger level of 1.1196.
To open long positions on GBP / USD you need:
Yesterday, the bulls managed to keep the support level of 1.2603, which is a good signal for a change in the downtrend. Today, in the first half of the day, a return and consolidation above resistance 1.2950 is required, which will make it possible to count on rapid growth to a maximum of 1.2696 and an update of resistance 1.2744, where I recommend taking profits. With a further decrease in the pound, you can open long positions on a false breakdown from the low of 1.2603, or on the rebound from the support of 1.2564.
To open short positions on GBP / USD you need:
As long as trading will be below resistance 1.2650, pressure on the pound will remain, and the formation of a false breakdown there in the first half of the day will be a signal to sell the pound. The main task of the bears is the breakthrough of support at 1.2603, which may lead to the resumption of the downward trend and update the minimum of 1.2564, where I recommend taking profits. When the growth scenario is above 1.2650 in the first half of the day, you can return to sales of the pound immediately to rebound from a maximum of 1.2696.
EUR / USD: plan for the European session on May 31.
To open long positions on EURUSD you need:
The technical picture has not changed, and the volatility continues to be very low. Buyers today need to return to the resistance level of 1.1143, from which it will be possible to see an upward correction to the area of maximum 1.1170, where I recommend taking profits. In the morning, a number of important data on inflation in Germany and Italy are published, which may put pressure on the euro. In this scenario, it is best to look for purchases on the minimum update in the area of 1.1117, subject to the formation of a false breakdown, or open long positions to rebound from the new support 1.1079.
To open short positions on EURUSD you need:
The release of important fundamental data in the first half of the day for the euro area may lead to a decline in the euro. False breakdown and return under resistance level 1.1143 will be a signal to open short positions in euros, and the main task for the first half of the day will be a test of a large support level 1.1117, which will increase the pressure on the pair and will lead to an update of the minimum in the area of 1.1079, where I recommend taking profits. Under the scenario, the growth of the euro is above 1.1143, it is best to return to short positions in EUR / USD after updating the high of 1.1170, or to rebound from a larger level of 1.1196.
Re: Forecast
274Forecast for the European session on June 3
EUR
There is support for 1. 1163, and I will focus on it today. If you can’t make your way lower, I’ll look at purchases for 1.1189 and 1.1215, where I sell for a rebound. If there is no quick upward movement from 1.1163, I postpone the purchase until test 1.1138.
If in the first half of the day we go immediately to 1.1189 and there is a false break, then I’ll see sales immediately from this level with the target of 1.1138.
GBP
There is support at 1.2620, but it needs false breakdown to confirm it. If the buyer is not there, then long positions only after returning to 1.2570-60. If the buyer returns from 1.2620, then I expect growth in the area of 1.2680-90, where I sell for a rebound.
CAD
Shopping for a rebound from 1.3455 or on a false breakdown from 1.3491 with a target of 1.3523, there I add to long, and updates 1.3560, where I sell for a rebound. If it is impossible to break above 1.3523, then I sell on a false breakdown and wait for consolidation below 1.3491, and there they can collapse at 1.3455.
GOLD
Sales until only after update 1316, or after returning under 1307. Purchases after forming a false breakdown at 1307 or rebound from 1299.50 in the continuation of the growth trend.
EUR
There is support for 1. 1163, and I will focus on it today. If you can’t make your way lower, I’ll look at purchases for 1.1189 and 1.1215, where I sell for a rebound. If there is no quick upward movement from 1.1163, I postpone the purchase until test 1.1138.
If in the first half of the day we go immediately to 1.1189 and there is a false break, then I’ll see sales immediately from this level with the target of 1.1138.
GBP
There is support at 1.2620, but it needs false breakdown to confirm it. If the buyer is not there, then long positions only after returning to 1.2570-60. If the buyer returns from 1.2620, then I expect growth in the area of 1.2680-90, where I sell for a rebound.
CAD
Shopping for a rebound from 1.3455 or on a false breakdown from 1.3491 with a target of 1.3523, there I add to long, and updates 1.3560, where I sell for a rebound. If it is impossible to break above 1.3523, then I sell on a false breakdown and wait for consolidation below 1.3491, and there they can collapse at 1.3455.
GOLD
Sales until only after update 1316, or after returning under 1307. Purchases after forming a false breakdown at 1307 or rebound from 1299.50 in the continuation of the growth trend.
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- moey_dw, ChuChu Rocket
Re: Forecast
275thx u siramdudus wrote: Mon Jun 03, 2019 5:01 pm Forecast for the European session on June 3
EUR
There is support for 1. 1163, and I will focus on it today. If you can’t make your way lower, I’ll look at purchases for 1.1189 and 1.1215, where I sell for a rebound. If there is no quick upward movement from 1.1163, I postpone the purchase until test 1.1138.
If in the first half of the day we go immediately to 1.1189 and there is a false break, then I’ll see sales immediately from this level with the target of 1.1138.
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Re: Forecast
276Forecast for the European session on June 5
EUR
The fear of inflation ended, and Powell didn’t seem to unlock much of the idea of lowering rates. The euro on the growth persists. Breakthrough 1.1271 - purchases in the area of 1.1294 and 1.1323, where I sell for a rebound. In case of correction or unsuccessful consolidation on 1.1271, sales with the target of 1.1234, where purchases are on a false breakdown. Purchases to rebound, with a decrease in the euro from only 1.1199.
GBP
Today, data on the service sector. If good and false breakout is at 1.2697, then I buy with the target of 1.2744, where I sell. If the data is bad and we leave under 1.2697, then I sell with the target of 1.2650-40 and 1.2594, where I buy for a rebound.
CAD
Purchases only after updating support 1.3359 to rebound. Sales after correction to the area 1.3408, also to rebound.
GOLD
The bulls are preparing a new leap up. Breakthrough 1328 - purchases to 1332 and 1337.70.
If, again, an unsuccessful consolidation at 1328, then I sell with the target of 1319.25 and 1309.45, where I buy for a rebound.
EUR
The fear of inflation ended, and Powell didn’t seem to unlock much of the idea of lowering rates. The euro on the growth persists. Breakthrough 1.1271 - purchases in the area of 1.1294 and 1.1323, where I sell for a rebound. In case of correction or unsuccessful consolidation on 1.1271, sales with the target of 1.1234, where purchases are on a false breakdown. Purchases to rebound, with a decrease in the euro from only 1.1199.
GBP
Today, data on the service sector. If good and false breakout is at 1.2697, then I buy with the target of 1.2744, where I sell. If the data is bad and we leave under 1.2697, then I sell with the target of 1.2650-40 and 1.2594, where I buy for a rebound.
CAD
Purchases only after updating support 1.3359 to rebound. Sales after correction to the area 1.3408, also to rebound.
GOLD
The bulls are preparing a new leap up. Breakthrough 1328 - purchases to 1332 and 1337.70.
If, again, an unsuccessful consolidation at 1328, then I sell with the target of 1319.25 and 1309.45, where I buy for a rebound.
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- ChuChu Rocket
Re: Forecast
277Forecast for the European session on June 6
EUR
Given the latest data, and GDP reports, which are expected today, the ECB is unlikely to be full of loud statements about interest rates. Therefore, an unsuccessful consolidation on 1.1241 - I sell with the goal of 1.1200 and maybe to 1.1163, where there are purchases for rebound.
If the GDP data is good and we fix above 1.1241 - purchases with the target of 1.1273 and 1.1304, where I sell for a rebound.
GBP
Return on 1.2700 - purchases with the target of 1.2744 and 1.2800, where I sell for a rebound. But it is best to wait for the unsuccessful consolidation at 1.2700 and sell with the target of 1.2650 and 1.2594, where I buy for a rebound.
CAD
False breakdown and return to 1.3399 - purchases with a target of 1.3430, and fixing there will return a pair to 1.3469.
If we go below 1.3399, then the purchases will only rebound from 1.3367.
GOLD
Care below 1327.30 - sale with a target of 1319 and 1309.50, where I buy. Also, sales on a false breakdown from 1333, or on a rebound from 1342. If we fix above 1333, we can quickly pull on 1342, but we don’t really want to buy at current highs.
EUR
Given the latest data, and GDP reports, which are expected today, the ECB is unlikely to be full of loud statements about interest rates. Therefore, an unsuccessful consolidation on 1.1241 - I sell with the goal of 1.1200 and maybe to 1.1163, where there are purchases for rebound.
If the GDP data is good and we fix above 1.1241 - purchases with the target of 1.1273 and 1.1304, where I sell for a rebound.
GBP
Return on 1.2700 - purchases with the target of 1.2744 and 1.2800, where I sell for a rebound. But it is best to wait for the unsuccessful consolidation at 1.2700 and sell with the target of 1.2650 and 1.2594, where I buy for a rebound.
CAD
False breakdown and return to 1.3399 - purchases with a target of 1.3430, and fixing there will return a pair to 1.3469.
If we go below 1.3399, then the purchases will only rebound from 1.3367.
GOLD
Care below 1327.30 - sale with a target of 1319 and 1309.50, where I buy. Also, sales on a false breakdown from 1333, or on a rebound from 1342. If we fix above 1333, we can quickly pull on 1342, but we don’t really want to buy at current highs.
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- Jimmy, ChuChu Rocket
Re: Forecast
278Always looking forward to your Forecasts. Thank you sir!amdudus wrote: Thu Jun 06, 2019 4:47 pm Forecast for the European session on June 6
EUR
Given the latest data, and GDP reports, which are expected today, the ECB is unlikely to be full of loud statements about interest rates. Therefore, an unsuccessful consolidation on 1.1241 - I sell with the goal of 1.1200 and maybe to 1.1163, where there are purchases for rebound.
If the GDP data is good and we fix above 1.1241 - purchases with the target of 1.1273 and 1.1304, where I sell for a rebound.
GBP
Return on 1.2700 - purchases with the target of 1.2744 and 1.2800, where I sell for a rebound. But it is best to wait for the unsuccessful consolidation at 1.2700 and sell with the target of 1.2650 and 1.2594, where I buy for a rebound.
CAD
False breakdown and return to 1.3399 - purchases with a target of 1.3430, and fixing there will return a pair to 1.3469.
If we go below 1.3399, then the purchases will only rebound from 1.3367.
GOLD
Care below 1327.30 - sale with a target of 1319 and 1309.50, where I buy. Also, sales on a false breakdown from 1333, or on a rebound from 1342. If we fix above 1333, we can quickly pull on 1342, but we don’t really want to buy at current highs.
Re: Forecast
279Forecast for the European session on June 7
EUR
As Draghi did not try, but all efforts did not lead to the fall of the euro, but only strengthened demand. Return on 1.1273 - a signal to buy with the purpose of 1.1304 and 1.13336. The breakthrough of 1.1304 will most likely be attempted at the United States nonpharm.
If we go down, then the long from 1.1241, or like yesterday, to rebound from 1.1200.
GBP
Sales after a false breakdown at 1.2705 or rebound from 1.2739. The goal will be 1.2668 and 1.2644, where I look long positions at once on a rebound. If we fix above 1.2705, we can look at purchases to 1.2739 and 1.2770 against the background of a weak report on the US labor market.
CAD
Shopping on a false breakdown from 1.3337 or rebound from 1.3309. If you fail to return to 1.3373 and false breakout, then sell further along the trend, and below 1.3337 I add to short with the goal of 1.3309 and 1.3284.
GOLD
Return on 1334.60 - purchases to 1343.30 and 1354, where I sell for a rebound.
If the false breakdown is at 1334.60, then I sell with the target of 1326.40 and 1318, where I buy for a rebound.
EUR
As Draghi did not try, but all efforts did not lead to the fall of the euro, but only strengthened demand. Return on 1.1273 - a signal to buy with the purpose of 1.1304 and 1.13336. The breakthrough of 1.1304 will most likely be attempted at the United States nonpharm.
If we go down, then the long from 1.1241, or like yesterday, to rebound from 1.1200.
GBP
Sales after a false breakdown at 1.2705 or rebound from 1.2739. The goal will be 1.2668 and 1.2644, where I look long positions at once on a rebound. If we fix above 1.2705, we can look at purchases to 1.2739 and 1.2770 against the background of a weak report on the US labor market.
CAD
Shopping on a false breakdown from 1.3337 or rebound from 1.3309. If you fail to return to 1.3373 and false breakout, then sell further along the trend, and below 1.3337 I add to short with the goal of 1.3309 and 1.3284.
GOLD
Return on 1334.60 - purchases to 1343.30 and 1354, where I sell for a rebound.
If the false breakdown is at 1334.60, then I sell with the target of 1326.40 and 1318, where I buy for a rebound.
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Re: Forecast
280Forecast for the European session on June 10
EUR
Euro may continue downward correction after Friday's growth on weak US data. The breakthrough of 1.1304 will lead to 1.1285 and 1.1253. However, I look at purchases on test 1.1285 and add between 1.1285 and 1.1253. Or on the false breakdown from 1.1304 with the target of 1.1336 and 1.1399, where I sell for a rebound.
GBP
A lot of data on the pound, so we look. If the false breakdown and return to 1.2700 and GDP is good, then I will look at purchases in the area of 1.2735 and 1.2765, where the first sales are. If we go below 1.2700, that is 1.2673, or to rebound from 1.2644.
If the data is bad and go below 1.2700, then I sell with the target of 1.2673 and 1.2644, or on a false breakdown from 1.2735.
CAD
According to the Canadian, purchases on divergence to rebound from 1.3228 and 1.3181. The main goal will be to consolidate above 1.3284, which will lead to a maximum of 1.3321 and 1.3366, where I sell for a rebound.
EUR
Euro may continue downward correction after Friday's growth on weak US data. The breakthrough of 1.1304 will lead to 1.1285 and 1.1253. However, I look at purchases on test 1.1285 and add between 1.1285 and 1.1253. Or on the false breakdown from 1.1304 with the target of 1.1336 and 1.1399, where I sell for a rebound.
GBP
A lot of data on the pound, so we look. If the false breakdown and return to 1.2700 and GDP is good, then I will look at purchases in the area of 1.2735 and 1.2765, where the first sales are. If we go below 1.2700, that is 1.2673, or to rebound from 1.2644.
If the data is bad and go below 1.2700, then I sell with the target of 1.2673 and 1.2644, or on a false breakdown from 1.2735.
CAD
According to the Canadian, purchases on divergence to rebound from 1.3228 and 1.3181. The main goal will be to consolidate above 1.3284, which will lead to a maximum of 1.3321 and 1.3366, where I sell for a rebound.
