Home
Search results “Dollar euro exchange forecast”
EUR/USD and GBP/USD Forecast May 14, 2019
 
01:26
The Euro initially rallied during the trading session on Monday, as people were starting to react to the escalated trade war tensions, but quite frankly the fact that China retaliated should not have been a surprise at all. What was truly interesting is that money flowed away for the United States initially, but then the old correlations of buying US treasuries in times of fear came back into vogue, and therefore the demand for US dollars picked up again. With that, we ended up forming a bit of shooting star as we couldn’t break above the 50 day EMA, as well as the 1.1250 level. At this point, it’s likely that we will roll over and go looking towards 1.12 level, as we continue the overall downtrend. Looking at this chart, I still preferred to sell short-term rallies that show signs of exhaustion, as we simply cannot seem to hang onto gains for longer-term move. Even as we have rallied over the last several sessions, we have given back most of the gains by the time everybody went home. for more analysis: http://www.dailyforex.com
Views: 608 DailyForex
EUR/USD and GBP/USD Forecast May 22, 2019
 
01:33
The Euro went back and forth rather wildly during the trading session on Tuesday as investors try to figure out what they’re going to do next. There are so many moving headlines right now that of course it moves the US dollar rather drastically, which of course causes quite a few problems. With that being the case it’s no surprise that we continue to find ourselves dancing around the 1.1150 level without any clear direction. Keep in mind that this market is essentially going back and forth between 1.12 on the top and 1.11 on the bottom. There is a 50 pip range of resistance above the 1.12 handle, so I think that keeps this market pretty muted. If we can break down below the 1.11 level, then the market will probably go down to the 1.10 level rather quickly. for more analysis: http://www.dailyforex.com
Views: 692 DailyForex
EUR/USD and GBP/USD Forecast May 23, 2019
 
01:34
The Euro went back and forth during the trading session on Wednesday, as we continue to see a lot of noise overall. The 1.1150 level has been an area of contention for some time as we have simply been consolidating between the 1.11 level underneath and the 1.12 level above. All things being equal I think we are probably better off avoiding this pair until we can get to one of the outer edges of this consolidation region. Furthermore, above the 1.12 level is 50 pips worth of resistance that is going to be difficult to overcome. With that, I like the idea of simply waiting until we get to the outer reaches of this 100 point range that we find ourselves stuck in and trying to play those for a return to the center. In other wars, this is going to be very dull. for more analysis: http://www.dailyforex.com
Views: 632 DailyForex
Five reasons to expect a higher EUR/USD in 2019
 
04:17
As we approach the end of 2018, the US Dollar looks set to record a fourth year of gain, despite various geopolitical challenges. However, the outlook for 2019 is very different, says MUFG'S Lee Hardman, with the dollar likely to be more sensitive to economic slowdown. Watch this month's video to find out more.
Views: 669 MUFG EMEA
EUR/USD and GBP/USD Forecast May 6, 2019
 
02:01
The Euro pulled back a bit during the trading session on Friday, but then shot higher after the jobs report. We are closing out the day close to the 1.12 level, which of course has a lot of psychological importance built in. The question now is whether or not we can continue to rally, and break out to the upside? For me, I need to see this market break above the highs of the Wednesday candle stick, the shooting star and the scene of the 50 day EMA to get bullish. I suspect that part of the push higher was probably due to short covering going into the weekend. That being said, this is not a candlestick you should completely ignore. All things being equal I think that the Monday candle stick will be more telling, and I think that short-term exhaustive candles can be sold but I also recognize that if we break above the 1.1275 level, essentially the area I mentioned previously, shorts will have to be abandoned at that point. for more analysis: http://www.dailyforex.com
Views: 1155 DailyForex
EUR/USD and GBP/USD Forecast May 10, 2019
 
01:32
The Euro rallied a bit during the trading session on Thursday, as we are approaching the US/China trade relations negotiations. If this market is doing anything at this point, I would consider it to be consolidating. We have seen a lot of noise in the financial markets as of late, and while the pair may not be driven solely due to the US/China situation, right now that’s the only game in town. This is basically going to be a “risk on/risk off situation”, meaning that the US dollar will pick up strength if there is a lot of fear in the marketplace. Quite frankly, that could happen on Friday. The best way to think about Friday session is going to be one that is very much like an FOMC Meeting, but we don’t know exactly what time it happens. All things being equal though, if we stay below the red 50 day EMA I suspect that we will probably continue to drift lower more than anything else. for more analysis: http://www.dailyforex.com
Views: 777 DailyForex
EUR/USD and GBP/USD Forecast May 20, 2019
 
01:45
The Euro initially tried to rally during the trading session on Friday, but gave back the gains later in the day, reaching down towards the 1.1150 level. This is an area that is rather important, but I do think that we continue to grind lower based upon the recent action. The market looks very likely to test the 1.11 handle, and then perhaps break down below there to reach towards the 1.10 level. That’s an area that will be crucial, and as a result I think that the market participants will continue to sell these short-term rallies on signs of exhaustion. The 1.12 level above is resistance, so if we break above there then we could possibly go to the 1.1250 level. for more analysis: http://www.dailyforex.com
Views: 1153 DailyForex
AUD to EUR Forecasts for 2019
 
01:40
Check out https://www.thecurrencyshop.com.au/guides/aud-to-eur-forecast for the full article Brexit has already, and will continue to impact the Euro. Even towards the end of 2018, there was increasing volatility surrounding the Euro and the Australian dollar to Euro exchange rate fell 4%. With this is mind it will be interesting to see 2019 plays out for this particular currency. In this video, we’ll cover what the major banks are predicting for the Euro, the longer term forecasts, and how the Australian dollar and Euro are stacking up against each other.
Views: 1028 The Currency Shop
EUR/USD and GBP/USD Forecast May 15, 2019
 
01:09
The Euro tried to rally again during the trading session on Tuesday, but then broke down significantly to form a bit of a shooting star again. This is a market that continues to show massive resistance near the 1.1250 level, which is also accompanied by the 50 day EMA. With that being the case, it’s very likely that we will try to slice through the 1.12 level, and then perhaps down to the 1.11 handle after that. We certainly have enough reasons out there to think that money may flow back into the US dollar, and perhaps even more specifically the US treasury markets. As we have formed three shooting stars in a row, it tells me that the Euro may be in a bit of trouble. Having said that, if we were to break above the middle shooting star, the Monday candle stick, that would be an extraordinarily bullish sign. for more analysis: http://www.dailyforex.com
Views: 745 DailyForex
EUR/USD and GBP/USD Forecast May 9, 2019
 
01:58
The Euro initially tried to rally during trading on Wednesday, breaking above the 1.12 level at one point. However, the level has offered a bit of resiliency again, which is something that we have seen for several days in a row. This is the beginning of the previous support so it makes sense that it should be resistance now. Quite frankly, I don’t think that the Euro will pick up any serious traction until we can get above the 50 day EMA which is in red on the chart. If we get that move, then we could very well go quite a bit higher. However, more likely the case is going to be that we roll over from here and go looking towards 1.1150 level, possibly even the 1.11 level. for more analysis: http://www.dailyforex.com
Views: 743 DailyForex
EUR/USD and GBP/USD Forecast May 13, 2019
 
01:07
The Euro rallied significantly during the trading session on Friday, reaching towards the 1.1250 level before pulling back a bit. That is where the 50 day EMA is currently hanging about, so it makes sense that we would see a bit of a pushback at this handle as well. Beyond that, it’s the top of the 50 pip zone that we had used for support. This area has been resistive as of late, so it makes quite a bit of sense that we would struggle to break above it, especially considering that we were heading into the weekend and a lot of traders would not want to have carried risk over that time. If we break back down below the 1.12 handle, it’s very likely that we could go down to the 1.1150 level, and then eventually the 1.11 level. However, if we do get a close above the 1.1250 level, this market could go looking for much higher levels, perhaps even as high as 1.14. for more analysis: http://www.dailyforex.com
Views: 959 DailyForex
EUR/USD and GBP/USD Forecast May 17, 2019
 
01:18
As you can see, the United States dollar has rallied rather significantly as this pair fell during trading on Thursday. We initially tried to break above the 1.12 handle but struggled to keep gains above there. We have seen several shooting stars in a row, and therefore it’s not a huge surprise that we drift lower. As stocks in America continue to attract money, it also drives up the demand for the US dollar. All things being equal, it makes sense that we continue to see short-term rallies faded in this pair. The Target underneath will be the 1.1150 level, followed by the 1.11 handle. If we can break below there, then this pair could go as low as 1.10 over the longer-term. Rallies to the upside would be treated with suspicion unless of course we can break above the Monday shooting star, which would tear through a lot of resistance. for more analysis: http://www.dialyforex.com
Views: 881 DailyForex
EUR/USD and GBP/USD Forecast March 6, 2019
 
01:01
The Euro fell during trading on Tuesday, as we continue to drift a little bit lower. However, we are in a major area of consolidation, and the US dollar is starting to show signs of weakness against many other currencies around the world. I believe it’s only a matter time before the pair rally as a result, but I’m not looking for some type of major move. Quite the contrary, I’m very comfortable with going back and forth in this range, with the 112.00 level underneath being the floor, and the 1.155 level above being the ceiling. Obviously, there will be the occasional headline that moves the market, but at the end of the day the biggest headline is going to be whatever the Federal Reserve looks to do, which at this point seems very dovish. That should be a bit of a catalyst for higher pricing. for more analysis: http://www.dailyforex.com
Views: 952 DailyForex
EUR/USD and GBP/USD Forecast December 31, 2018
 
01:11
The Euro rallied initially during the session on Friday but continues to find resistance above the 1.1450 level. By doing so, we rolled over to form a bit of a shooting star, and that doesn’t in fact suggest that perhaps we are going to continue to see issues above at the 1.15 handle. That being said, the lows are getting slightly higher and I think we are trying to break out but it might be several days or perhaps even a few weeks before that can happen. In the meantime, I believe we are simply bouncing around between 1.1450 and the 1.1250 level underneath. With the Federal Reserve looking to soften its stance a bit, it makes sense that the Euro may be the beneficiary, but the European Union has its own issues so I think that’s part of what’s going on here.
Views: 571 DailyForex
EUR/USD and GBP/USD Forecast May 3, 2019
 
01:12
The Euro initially tried to rally during the trading session on Thursday but gave back the gains as we continue to see a lot of selling pressure right around the 1.12 level. The market had recently been in consolidation with the 1.12 level offering a significant amount of support, so now it makes sense that we are seeing a lot of resistance in that same area. The shape of the candle stick is very negative, just as the one before it is. With that being the case, it’s very likely that we continue to see a bearish pressure, as the market may try to grind down to the 1.1150 level underneath. The alternate scenario is that we break the top of the shooting star from the Wednesday session, which would be an extraordinarily bullish sign. With Friday offering the jobs number in the United States, we could get a significant amount of volatility. for more analysis: http://www.dailyforex.com
Views: 856 DailyForex
British Pound To Euro Exchange Rate Forecast
 
02:27
Foreign exchange markets find the British pound to euro conversion rate heading towards six-and-a-half-year lows last week. We examine the latest euro-related fx forecasts targeting the sterling and the US dollar in the short, medium and long-term GBP/EUR forex outlooks The Pound to Euro exchange rate today (16/10/16 - FX markets first day): -0.12pct at 1.1091, best in month was 1.1866. The Euro to Pound Sterling exchange rate today: +0.12% at 0.90163. The Euro to Dollar exchange rate today: +0.24% at 1.09932. GBP/EUR, GBP/USD conversations fail to see significant recovery after six per cent 'flash crash' last week. Forecast: GBP's moves one-way street according to leading foreign currency experts at ABN AMRO. Economic-related Brexit headlines has naturally continued to dominate the outlook of the Pound Sterling this week, although the Euro has also been under pressure as foreign exchange market risk appetite increased. While the GBP/EUR and the GBP/USD saw some heavy selling throughout the course of the week, they were able to stabilise somewhat ahead of the weekend. Less than one euro to the pound at many UK airports Pound value: UK airport currency exchanges offering less than one euro to the pound Now a euro costs a POUND: Shocking receipt shows one-to-one exchange rate at City Airport after sterling's slide since Brexit vote – with commission on top Pound To Euro Exchange Rate Rises After Brexit Debate News From Theresa May Pressure had also been mounting on the Euro (EUR), which trended lower against many of the majors as the European Central Bank (ECB) was assessed to be less likely to taper its quantitative easing program in the near future. As a result the Pound Sterling to Euro (GBP/EUR) exchange rate recovered some ground, despite European Council President Donald Tusk warning that the UK faces a choice between hard Brexit or no Brexit at all.
Views: 1236 News In INDIA
EUR/USD and GBP/USD Forecast March 8, 2019
 
01:32
The Euro fell apart during the trading session on Thursday as the ECB press conference was horribly negative when it comes to the outlook of global growth, and while Mario Draghi seem to point the finger outside of the European Union, the reality is that the EU has been slowing down. However, this seems to have been a bit more dovish than the market expected because traders came in and crushed the common currency. The 1.12 level was crucial in the form of support, and it also is where we see the 61.8% Fibonacci retracement level. While we have broken down, it will be crucial as to where we close on Friday. If we turn around and reverse this area, not much will have changed, and if there’s going to be a day at all that this can happen, it’s going to be Friday. According to the weekly chart, we just entered another major area. for more analysis: http://www.dailyforex.com
Views: 1880 DailyForex
EUR/USD and GBP/USD Forecast April 23, 2019
 
01:34
The Euro initially pulled back during trading on Monday to kick off the week but then rallied rather significantly later in the day. At this point though, the market still doesn’t know really what it wants to do but as we are closer to major support than major resistance, it makes sense that we would get a little bit of a bounce. I believe that the 1.1325 level above will continue to offer a bit of resistance though, so keep in mind that the upside might be somewhat limited, at least in the short term. This is usual chop fest type of trading that we see in this pair, so it’s a bit difficult to get overly excited one way or the other. If we do break above the 1.1325 handle, then we could go looking for another 100 pips or so. If we break down through the 1.1150 level, then it’s likely that we could break down towards the 1.11 handle, and eventually the 1.10 level after that. for more analysis: http://www.dailyforex.com
Views: 978 DailyForex
EUR/USD  Technical Analysis for May 10, 2019 by FXEmpire
 
01:05
The Euro did very little during the trading session on Thursday, as we continue to see a lot of back and forth.... For the full article go to https://www.fxempire.com/forecasts/article/eur-usd-price-forecast-euro-continues-to-trade-in-a-tight-area-573445 - EUR/USD Forecast May 10, 2019, Technical Analysis.Find more information about Forex and Commodities News (https://www.FXEmpire/news), Technical Analysis (https://www.FXEmpire/forecasts/technical), Fundamental Analysis (https://www.FXEmpire/forecasts/fundamental) and Brokers (https://www.FXEmpire/forex-brokers) on FX Empire (https://www.FXEmpire/).
Views: 559 FX Empire
EUR/USD and GBP/USD Forecast April 10, 2019
 
01:02
The Euro initially tried to rally during the trading session on Tuesday but ran into a buzz saw of resistance near the 1.13 level, and of course there was a lot of negativity when it came to risk appetite in general, and that of course sent traders looking for the US dollar. In general, this pair has been very soft, and although we have this nasty looking shooting star, I don’t think it’s a meltdown waiting to happen I think rather it’s probably a pull back to test major support. The alternate of course is that we break out to the upside and slice through the top of the shooting star which is a very bullish sign. The 1.12 level underneath is massive support, so if we do break down from here I believe that we are probably looking at a scenario where the first signs of support will probably be picked up as short-term value. I would look for major trade one way or the other here. for more analysis: http://www.dailyforex.com
Views: 931 DailyForex
EUR/USD and GBP/USD Forecast January 7, 2019
 
02:02
The Euro initially fell during the day on Friday but then got a bit of a boost as the jobs number was turned around by Jerome Powell, who suggested that perhaps the Federal Reserve was willing to bend to the will of Wall Street and keep the cheap money coming if necessary. This is obviously negative for the US dollar, but at the same time we have a lot of problems with the European Union so I think this just keeps us in the quagmire of sideways trading. The Euro continues to have a lot of resistance built in at the 1.15 handle, just as it has a lot of support built in at the 1.13 level and slightly below. A lot of back-and-forth trading should continue to be the norm, so short-term traders who can take advantage of a range bound system will probably benefit the most from this market play. for more analysis: http://www.dailyforex.com
Views: 923 DailyForex
EUR/USD and GBP/USD Forecast May 7, 2019
 
01:29
The Euro initially rallied during the trading session after the tweeting of President Trump suggested that there was going to be further tariffs placed upon the Chinese. After that, the Chinese suggested that they were going to show up for the meeting to negotiate the trade deal with the Americans. This sent the markets throughout Asia and early European trading into a downward spiral, having the currency markets chop quite wildly. However, we ended up hanging about the 1.12 level, an area that is important from a psychological and a structural point of view. Although this was a reasonably bullish candle stick, the reality is that we still have a lot of resistance just above that could continue to cause issues. With that, it’s not until we clear above the 50 day EMA which is pictured in red that I’m a buyer. I suspect the first signs of exhaustion will be sold. for more analysis: http://www.dailyforex.com
Views: 700 DailyForex
EUR/USD and GBP/USD Forecast May 2, 2019
 
00:56
The Euro initially rallied significantly enough during the trading session on Wednesday but struggled at the 50 day EMA. There was a huge move and volatile timeframe during the Federal Reserve press conference. With that being the case, we suddenly turned around as Jerome Powell did not suggest that a rate cut with anywhere close. There had been a lot of thought in that direction as of late, but if it certainly isn’t going to happen then the US dollar should continue to cause a lot of strength. That strength is going to be difficult to overcome, but I do believe that the greenback will continue to strengthen because of this. Looking at this chart, it’s obvious to see that we got turned around at the previous support level, which is now acting as resistance. This is textbook technical analysis. If we continue lower, the 1.11 level will be targeted, followed by the 1.10 level. for more analysis: http://www.dailyforex.com
Views: 876 DailyForex
EUR/USD and GBP/USD Forecast April 25, 2019
 
01:20
The Euro broke down rather significantly during the trading session on Wednesday, as we have finally busted through major support. At this point, it looks as if the Euro is going to continue to drift much lower and we are going to see a lot of US dollar strength. In general, the 1.12 level above should be significant resistance now, and it’s not until we break above the 1.1225 level that I would consider going in the other direction. Ultimately, it looks as if we could go down to the 1.11 handle, and then eventually the 1.10 region. The US dollar continues to strengthen against many other currencies around the world so don’t be surprised if the greenback becomes “King dollar” again. Rallies at this point look very likely to be selling opportunities in this market and this break is much more significant than it looks at first blush. for more analysis: http://www.dailyforex.com
Views: 1062 DailyForex
EUR/USD Technical Analysis for May 07, 2019 by FXEmpire
 
00:45
The Euro rallied slightly to kick off the week but continues to see the 1.12 level offer more selling. Overall, this is a.... For the full article go to https://www.fxempire.com/forecasts/article/eur-usd-price-forecast-euro-continues-to-look-heavy-572749 - EUR/USD Forecast May 07, 2019, Technical Analysis. Find more information about Forex and Commodities News (https://www.FXEmpire/news), Technical Analysis (https://www.FXEmpire/forecasts/technical), Fundamental Analysis (https://www.FXEmpire/forecasts/fundamental) and Brokers (https://www.FXEmpire/forex-brokers) on FX Empire (https://www.FXEmpire/).
Views: 715 FX Empire
EUR/USD and GBP/USD Forecast April 26, 2019
 
01:06
The Euro fell again during the trading session on Thursday, as we continue to see a lot of US dollar strength overall. It looks as if we are ready to roll over rather significantly, now that we are below the 1.1150 level. With that being the case it’s very likely that we continue to go lower, but we may get a short-term bounce but at this point I think it’s very likely that the sellers will come back in, especially near the 1.12 handle. The alternate scenario is that we break down below the bottom of the candle stick for Thursday, which sends this market even lower, perhaps down to the 1.10 level. The Euro has broken significantly, and the US dollar has shown massive amounts of strength in general. The Euro is the first place traders go to buy US dollars in the Forex world, so this is by far the biggest barometer. As far as buying is concerned, I don’t really have an interest in doing so in the short term. for more analysis: http://www.dailyforex.com
Views: 877 DailyForex
EUR/USD and GBP/USD Forecast April 4, 2019
 
01:17
The Euro rallied a bit during the trading session on Wednesday, breaking above the top of the hammer from the Tuesday session, kicking off a perfect long signal. The 1.12 level is the bottom of the overall consolidation range, so it does make sense that we have seen a lot of buying pressure. Because of this, it suggests that we are going to continue to see a bit of a bounce from this area and that we will continue to trade in this 300 pips range. With that, I am a buyer of this market but I recognize that I won’t necessarily be the easiest of trades. On the other side of the equation, if we were to break down below the 1.11 handle, we will probably see the Euro fall apart and go looking towards 1.10 level after that. In general though, with the weaker Federal Reserve is very likely that we will continue to stay in the same range that we have been in for so long. for more analysis: http://www.dailyforex.com
Views: 842 DailyForex
EUR/USD and GBP/USD Forecast March 5, 2019
 
01:11
The Euro tried to rally at the beginning of the Monday session but rolled right over, which should not have been a big surprise considering that the couple of previous candles have been shooting stars. Ultimately, it looks as if we ran into a bit of exhaustion, but when you look at the longer-term chart, we are still in a major consolidation area. The 1.12 level underneath is massive support, and I think it will be very difficult to break to the downside. In fact, I suspect somewhere closer to the 1.1250 level is a good area to start scaling into a long position, just as the 1.1450 level above is the beginning of significant resistance to the 1.15 handle. I think we are essentially in “no man’s land”, so it’s going to be difficult to take a position until we get to one of these outer areas. for more analysis: http://www.dailyforex.com
Views: 679 DailyForex
Euro To U.S. Dollar Exchange Rate Analysis 2018 EUR/USD FX Forecast
 
01:12
Euro to Dollar conversion Euro to Dollar today Euro to Dollar forecast
Views: 395 Ascencore
EUR/USD and GBP/USD Forecast February 25, 2019
 
01:07
The Euro has gone back and forth during trading on Friday, as we continue to show a lot of choppiness. This makes sense, because we have the Federal Reserve on one side of the Atlantic Ocean being ultra-easy with its monetary policy, and of course that drives down the value of the US dollar. At the other side of the ocean, we have the ECB which has to deal with a soft economy, and poor economic numbers coming out of places like Germany which is indeed alarming. Looking at this chart, it makes sense that we will continue to bounce around, as the overall consolidation has held. The 1.1250 level underneath is supportive, just as the 61.8% Fibonacci retracement level is just below there. Above, we have massive resistance in the form of the 1.15 level. for more analysis: http://www.dailyforex.com
Views: 722 DailyForex
EUR/USD and GBP/USD Forecast March 22, 2019
 
01:07
The Euro fell rather significantly during the trading session on Thursday against the US dollar, which is a bit surprising considering how drastically bullish the pair had been during the previous session. This was due to the Federal Reserve stepping back and suggesting that there is no chance of an interest rate hike during 2019. This obviously is very bearish for the greenback, but then it seems the markets aren’t necessarily convinced. Perhaps it is a situation where the Federal Reserve knows a lot of things that markets don’t, so it’s difficult to get overly bullish about the economic conditions, or perhaps we are just simply looking at a couple of central banks that can’t do much, thereby keep in the market in a range. As we are in the middle of this 300 point range I have marked on the chart, there’s not much to do here. for more analysis: http://www.dailyforex.com
Views: 1043 DailyForex
EUR/USD and GBP/USD Forecast March 18, 2019
 
01:01
The Euro rallied a bit during the trading session on Friday but gave back quite a bit of the gains at the 50 day EMA. We ended up forming a bit of a shooting star as well, so it does suggest in fact that we are going to continue to see this market roll over. That being said though, if we can break above the top of the candle stick for the trading session on Friday, that would be a very bullish sign. This is a market that continues to go back and forth, with the 1.12 level underneath offering massive support and the 1.15 level above offering a major resistance. This is a market that continues to be very choppy due to the fact that both central banks are on the sidelines when it comes to monetary policy. With that being the case we should get short-term softness, followed by buying near the 1.1250 level. for more analysis: http://www.dailyforex.com
Views: 1309 DailyForex
EUR/USD and GBP/USD Forecast March 20, 2019
 
01:32
The Euro rallied a bit during the trading session on Tuesday, reaching towards 1.1350 level. This is essentially in the middle of the overall consolidation area that we have been in, so therefore it’s essentially “fair value.” This makes sense of course considering that the Federal Reserve is going to come out with a statement during the day on Wednesday. With that being the case, traders will react and either buy or sell the greenback accordingly. Because of this and the fact that we don’t know what’s going to happen, I suspect at this point it’s probably best to leave this market alone. However, I am a buyer closer to the 1.1250 level, and the seller closer to the 1.1450 level, unless of course we were to break above the 1.15 level which would show a significant change in attitude. for more analysis: http://www.dailyforex.com
Views: 815 DailyForex
EUR/USD and GBP/USD Forecast March 4, 2019
 
01:23
The Euro rallied initially during the trading session on Friday but fell yet again to form a shooting star for the second day in a row. That of course is a negative sign, but ultimately when you look at this pair we are in a massive consolidation area, and nothing has changed. This might be a bit of a pullback to try to find value underneath, which is an argument that I can understand. On the other hand, if we can break above the highs from both Thursday and Friday, that’s a very bullish sign. We are essentially a “fair value” in this area, so I think we are looking at opportunities about two handles away. At this point, we are essentially in a “no touch zone.” If we find ourselves closer to the 1.12 level, I become more bullish, just as I become more bearish closer to the 1.15 level above as the 200 day EMA coincides there. At this point, I do think that we are trying to form a longer-term basing pattern, and that we will eventually break out to the upside. for more analysis: http://www.dailyforex.com
Views: 885 DailyForex
EUR/USD and GBP/USD Forecast February 8, 2019
 
01:33
The Euro initially fell during trading on Thursday but found enough support near the 1.1325 level to turn around and bounce. This ended up forming a bit of a hammer like candle, and that of course is a good sign. We are getting close to the bottom of the overall consolidation area which has a bottom near the 1.13 handle. Beyond that, we also have the 1.15 level above that could cause a significant amount of resistance. Overall, this is a market that continues to chop back and forth as the Federal Reserve is looking very soft, but at the same time the European Union has very little in the way of good news either, so I think we are going to continue to go back and forth in this range for the short term. Meaning that there’s probably more of a risk to the upside than there as the down. for more analysis: http://www.dailyforex.com
Views: 914 DailyForex
EUR/USD and GBP/USD Forecast January 28, 2019
 
01:11
The Euro has turned around completely during the day on Friday, wiping out the losses from the Thursday session in what has been a brutal reversal. The 1.13 level has offered significant support, and I think at this point the market is trying to bottom. The 61.8% Fibonacci retracement level is underneath at the 1.12 level, and I think that is trying to be the absolute bottom of the retracement. However, even though I think we are going to tilt to the upside, I believe that the move higher is going to be more of a grind and I do not think we will see big moves. This is going to be a market that is going to take a lot of patience to take advantage of. The 1.15 level above is massive resistance just as the 200 day EMA is. for more analysis: http://www.dailyforex.com
Views: 1426 DailyForex
EUR/USD and GBP/USD Forecast March 25, 2019
 
01:30
The Euro initially tried to rally on Friday but then collapsed as German economic numbers disappointed. Beyond that, we then saw the US PMI numbers miss consensus, and that had money flowing into the treasury markets. This of course drove up demand for the US dollar overall, but there is significant support underneath near the 1.1250 level. With that in mind, I do believe that the buyers will probably return sooner rather than later as we are still very much in the middle of consolidation. The 61.8% Fibonacci retracement level is at roughly 1.12 as well, so that’s another reason why I think the buyers are waiting below. That being said, I don’t expect that the market is ready to break out of this range, and that’s essentially my thesis overall when it comes to trading the Euro. for more analysis: http://www.dailyforex.com
Views: 1086 DailyForex
EUR/USD and GBP/USD Forecast March 12, 2019
 
01:30
The Euro rallied a bit during the trading session on Monday, as we continue to see a lot of support at the 1.12 handle. The market has recognize this is a major barrier, so it looks very likely that we are going to continue to see value hunters in this region. If we were to make a fresh, new low, then it could be a very negative sign, but until then I think we could be looking at a potential accumulation area. Even if we do have quite a bit of support though, that doesn’t mean it’s going to be easy to take out the massively negative candle from Thursday. However, I do think that given enough time we will see that happen. The alternate scenario of course is that we break down below the lows, and then at that point we probably go looking towards the 1.11 handle after that. for more analysis: http://www.dailyforex.com
Views: 749 DailyForex
EUR/USD and GBP/USD Forecast April 29, 2019
 
02:01
The Euro broke down initially during the trading session on Friday but found support underneath the turn around and have a relatively decent day. The last couple of candles do look supportive, so it’s very likely that we will probably try to continue to rally from here. However, there is a significant amount of noise to be found near the 1.12 level so I think at the first signs of trouble sellers will jump back into this market place and start shorting again. Keep in mind that the market has recently made a significant break down, so it makes sense that we need to retest that area. Both central banks are soft right now, but the ECB much more so than the Federal Reserve. There is still the argument to be made for the Federal Reserve to raise interest rates in the future, although nowhere nearby. As opposed to the ECB, which has many issues. for more analysis: http://www.dailyforex.com
Views: 1304 DailyForex
EUR/USD and GBP/USD Forecast March 29, 2019
 
01:15
The Euro fell pretty hard during the trading session on Thursday but remained above the vital 1.12 handle. In fact, we started to see buyers at extreme lows so the question remains whether or not we are going to be able to hold in this range? Looking at the chart, is very easy to see that the 1.12 level has been crucial support, and therefore it’s likely that we will continue to see interest in this area. To the upside, we continue to see massive resistance at the 1.15 handle, so quite frankly this is an area that I think continues to attract attention overall and as we are at the bottom of the larger group, it’s likely that we will bounce. However, on the other side if we break down below the 1.1150 level, the market would break down significantly as it is a large, round, psychologically significant figure and of course the scene of previous resistance. for more analysis: http://www.dailyforex.com
Views: 891 DailyForex
EUR/USD and GBP/USD Forecast April 22, 2019
 
01:44
The Euro bounces slightly during the trading session on Friday, but of course it was a holiday so there isn’t much in the way of liquidity. The 1.12 level underneath is massively supportive, so of course we do have to keep in mind that we could bounce from here. However, the 50 day EMA above could offer plenty of resistance, and if we can break above the 1.1325 handle, then we could continue to go towards the top of the overall consolidation area that extends all the way to the 200 day EMA, possibly even the 1.15 level after that. On the downside, if we can break down below the 1.1150 level underneath, then we could drop down to the 1.10 level after that. That of course would show a lot of US dollar strength, so we would probably see the greenback strengthen against many other currencies. for more analysis: http://www.dailyforex.com
Views: 1166 DailyForex
EUR/USD and GBP/USD Forecast April 17, 2019
 
01:30
The Euro broke lower during the trading session on Tuesday, breaking the 50 day EMA. We are starting to see a little bit of support underneath though, so it’s very likely that we could see a bit of a pop here, perhaps after some type of short-term pullback. The 1.1250 level should be supportive, just as the 1.12 level will be. We are still very much in consolidation, so a pullback from here will probably only serve as a momentum gathering mechanism. If we can break above the 1.1325 level, then the market momentum could continue to go higher and reach towards the 1.1425 level after that. Overall, it’s very likely that we will see more upward pressure than down, as we continue to consolidate in the larger range that I have marked on the chart. Currently, I see no reason to think that we are going to break out of this 300 point range. for more analysis: http://www.dailyforex.com
Views: 796 DailyForex
EUR/USD and GBP/USD Forecast April 24, 2019
 
02:09
The Euro fell rather hard during trading on Tuesday, crashing into the 1.12 level. We even managed to break down below there, so that of course was a very bearish turn of events. That being said, the market did bounce a bit from the 1.12 level again, an area that has been massive support. One thing that I do know, if this keeps up the support underneath will be broken. At this point, I believe that market participants are starting to get a bit more aggressive as the highs are getting lower, so I have no interest in buying this pair until we make a “higher high.” That brings up the downside, which isn’t really available until we break down below the 1.1150 level, because it would chew through a lot of support and perhaps open the door to the 1.10 level. All things being equal, this is a market that’s probably best left alone until we make an impulsive move. for more analysis: http://www.dailyforex.com
Views: 1234 DailyForex
EUR/USD and GBP/USD Forecast January 21, 2019
 
02:20
The Euro has initially tried to rally during the trading session on Friday, after we formed a couple of hammers. However, we broke through those hammers during the trading session on Friday, which of course is a very sign. Nonetheless, I still see significant support underneath than we have not change the fact that we were forming a bit of a “rounded bottom.” That is a very bullish sign, because it typically means that you are changing the overall trend. It’s a slow-moving pattern though, so I would not expect an explosive move to the upside, rather you will probably see some type of grind higher more than anything else. If we rally from here, I think that the market will probably go looking towards the 1.1450 level. If we were to turn around and break down below the 1.13 level, then we could see the market drop even further. for more analysis: http://www.dailyforex.com
Views: 2006 DailyForex
EUR/USD and GBP/USD Forecast April 18, 2019
 
01:41
The Euro initially rallied during trading on Wednesday yet again, but as we have seen over the last couple of days there seems to be a significant amount of resistance, so the pullback shouldn’t be a huge surprise. As we are hanging around the 50 day EMA, and at this point it looks as if a pullback is somewhat likely. However, I suspect that there is a significant amount of support underneath that should keep the market somewhat afloat. This is especially true near the 1.1250 level, and then perhaps down to the 1.12 level underneath. If we broke down below that level then everything changes, but I think at this point were just simply looking for a pullback to build up more momentum to fulfill the overall consolidation that I have marked on the chart. for more analysis: http://www.dailyforex.com
Views: 927 DailyForex
EUR/USD and GBP/USD Forecast March 7, 2019
 
01:29
The Euro has gone back and forth during the trading session in choppy action on Wednesday, as we simply have no directionality over the last 24 hours. Right now we are looking at a Federal Reserve that is stepping away from its hawkish stance, but at the same time we have the European Central Bank struggling with a weakening Germany, and a recession bound Italy. In other words, this is a fight between two central banks that are trying their best to keep their currencies soft. It is because of this that I think that the market continues to go back and forth, staying within the consolidation area that is bordered at the 1.12 level underneath, and the 1.15 level above. Until something changes drastically with the world economy, I think it’s going to be difficult to escape this overall range. for more analysis: http://www.dailyforex.com
Views: 1114 DailyForex
EUR/USD Technical Analysis for May 23, 2019 by FXEmpire
 
01:03
The Euro went back and forth yet again during the trading session on Wednesday, as we are hanging about the 1.1150 range.... For the full article go to https://www.fxempire.com/forecasts/article/eur-usd-price-forecast-euro-rallies-slightly-in-continued-back-and-forth-trading-575855 - EUR/USD Forecast May 23, 2019, Technical Analysis. Find more information about Forex and Commodities News (https://www.FXEmpire/news), Technical Analysis (https://www.FXEmpire/forecasts/technical), Fundamental Analysis (https://www.FXEmpire/forecasts/fundamental) and Brokers (https://www.FXEmpire/forex-brokers) on FX Empire (https://www.FXEmpire/).
Views: 374 FX Empire
EUR/USD and GBP/USD Forecast March 19, 2019
 
01:22
The Euro rallied during most of the session on Monday, breaking above the 1.1350 level and the 50 day EMA in the process. However, we have given back a bit of the gains and it looks like we may possibly roll back just a bit. Longer-term though, the biggest fight that we have right now is the fact that we are in the middle of the overall consolidation which starts at the 1.12 level on the bottom, with the 1.15 level above being massive resistance. I believe that if we can break above the top of the candle stick for the Monday session, we will probably go looking towards the 1.14 handle. Otherwise, we will probably find buyers closer to the 1.1250 level which should be the beginning of significant support. for more analysis: http://www.dailyforex.com
Views: 747 DailyForex
EUR/USD and GBP/USD Forecast April 30, 2019
 
01:33
The Euro broke higher during the trading session on Monday, reaching towards the crucial 1.12 resistance barrier. This is an area that should cause quite a bit of resistance, or at the very least quite a bit of interest, as it was such a massive support level. At this point, it’s very likely that we will continue to find a bit of selling pressure here, so at the first signs of exhaustion I would be a seller. If we can break above the 1.1250 level, then we could see a little bit of follow-through to the upside. Overall though, after seeing this significant break down it’s very likely that people will be looking to take advantage of what has been an obvious downtrend over the last several weeks. If we were to break down below the bottom, then we will be reaching towards the 1.10 level underneath. for more analysis: http://www.dailyforex.com
Views: 640 DailyForex
A Long Term Look at The Australian Dollar | AUD against USD, EUR, GBP & NZD.
 
03:52
Australian Dollar // At The Currency Shop, we update you weekly on what is happening with the Australian dollar between other major currencies. In this video we look at the Australian Dollar exchange rate over the last two years to get a better idea of how our currency is performing. We will discuss the AUD against the US Dollar (USD), Euro (EUR), Pound (GBP) and New Zealand Dollar (NZD). 3-Minute Read - To read more about the forecasts from major Australian banks, you can read our article here: http://bit.ly/2AhS1bd. ***The mid market exchange rates, or actual exchange rates, were collected on Saturday May 26th at 9am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank. ____________________________________________________________________ Subscribe here: http://bit.ly/2yrSi7B Facebook: https://www.facebook.com/TheCurrencyS... LinkedIn: https://www.linkedin.com/company/the-... Website: https://www.thecurrencyshop.com.au ____________________________________________________________________ Contact us: 1800 004 930 [email protected] ____________________________________________________________________ This video is for informational purposes only and is not to be construed as an offer to buy or sell any currency or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. You should consider whether any advice or recommendation in this research is suitable for your particular circumstances. The mid market exchange rates, or actual exchange rates, were collected from XE.com on Saturday May 26th at 9am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank.
Views: 796 The Currency Shop