Expectations from Majors

[M.A 10]

Eur/usd is swinging around 1.3100 and even some important fundamentals, including jobless claims and Bernarke's speech, were not able to make any significant impact as expected. It showed strong bullish trend on 16-july but wasnt able to continue it. There r no important fundamentals today. Reistance lies around 1.3155 and support lies at 1.3052. Incase support is broken, pair will most probably go to 1.3000 level.

 

Usd/jpy reversed today, falling to 99.81, and erased part of the yesterday's gains. Retracements have taken it above 100 again. Overall sentiments for today are in favor of bearish trend.

[M.A 10]

Disappointing week for those who were expecting any significant change in eur/usd. Even though usd/jpy performed much better than eur/usd and remained bullish but was unable to cross key resistance of 101.19.

 

Coming week has some important fundamentals to surprise traders.

 

On Monday, U.S existing home sales data will be released.

 

Eurozone will publish manufacturing and service sector activity data on Wednesday. Then U.S will release data on new home sales, same day.

 

On Thursday, first we have german lfo business climate index and then later U.S is to release durable goods order and initial jobless claims data.

[M.A 10]

Eur/usd is moving steadily towards key resistance zone of 1.3200 to 1.3205. It has already reached 1.3192 but retraced back below 1.3170. Exisiting home sales data is due in next 1:45 hours and eur/usd is expected to reach near resistance zone before this release.

 

Usd/jpy fell around 1% today within a few hours when trading session resumed this week. Retracement has taken it back above 99.90 level. This quick fall was mainly due to winning of Abe's party, in parliament's upper hourse elections, on sunday.

[M.A 10]

Eur/usd has consolidated around 1.3200 after retracing back from resistance zone. Overall trend has not changed and remains slightly bullish. Major support lies at 1.2994. Eur/usd has been bullish since 15-july and moving above support trend line.

 

Usd/jpy was expected to go below 99.00 level to touch support level of 98.90 but it retraced well before that. Overall sentiments remains bearish. Major support lies at 1.9828.

[M.A 10]

As expected from previous image, eur/usd continues to play above support trend line. It has already touched minor support zone of 1.3250 to 1.3255 and then retraced back. As long as it remains above support trend line, expectations will remain bullish. By looking at current scenario, 1.3400 looks highly probable. Major support lies at 1.3416.

 

 

Range-bound movements for usd/jpy continue to swing around 100 level. Breakout is expected to occur in favor of bears.

[roobin54 10]

hi

 

We can see an ab=cd harmonic pattern in the H4 TF. We’ll be having a bullish expectation if the condition favors towards bulls side.