EUR-USD technical analysis 07-Dec-2020

This is technical analysis forecast for euro dollar pair - the prospect of further upside is high but that is not without a fight at the resistance of the weekly time frame which is on the brink of collapse. If the support on the weekly time frame hold then further upside is imminent but for the time being it maybe fluctuating without the support resistance level of the 4H time frame. 

We will wait and see what happens...

 

eurusd forecast | eurusd chart | eur/usd forecast today | eur/usd rate | eur/usd forecast for tomorrow

EUR-USD and GBP-USD Technical (1 - 5 December 2014)

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 29 November 2014

Time: 8:05 PM (+8 GMT)

EUR-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	UP	UP	DOWN	DOWN
Full Stochastic	UP	DOWN	UP	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	UP	NEUTRAL	NEUTRAL	DOWN
Market Comments	In short term EUR-USD fluctuation is very much neutral last week from 24 to 28 November 2014 as it goes up for correction at 1.2529 and then it goes down to 50% retracement at 1.24511. This 50% retracement where will the EUR-USD market goes to next week? Fundamental Perspective Forexfactory economic calender records from 1 to 5 December 2014 could be another week for high turbulence as there mix economic data between the US and Economic. Technical Perspective From technical perspective we can see that the entire trend is going down as shown by the MACD and Stochastic from monthly time frame. However in the intermediate and short term both indicators are going against each other which means the fluctuation could be neutral either ups or down. This is another factor that could confirm the turbulence fluctuation next week. Fluctuation Range: High = 1.2529 Low = 1.2361

4 Hourly Chart for EUR-USD showing the current position standing at 50% retracement level.

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	DOWN	UP	DOWN	DOWN
Full Stochastic	DOWN	UP	DOWN	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	DOWN	UP	DOWN	DOWN
Market Comments	Last week movement the GBP-USD make up correction to a new high at 1.58154 but then went down to the previous low at 1.5627. As the MACD and Stochastic in the daily time frame still going up there is strong chance it may go up temporarily at least 50% from the current position. However the intermediate and long term are both indicating down trend, there will be strong risk to play upside position. Where will it move next week? Fundamental Perspective: Mix economic data may cause an unpredictable situation, playing upside would be most unfavorable because of the risk of the major downtrend. Bad economic data from the UK could push the market even deeper down. Otherwise it will retrace at 50% from the current position Technical Perspective: In daily time frame there is still hope of going up at the very least up to 50% from the current position as MACD and Stochastic still synced upwards direction. However on the weekly and monthly time frame it is obvious the pair is going down big time. Range of Fluctuation High = 1.5815 Mid = 1.5712 Low = 1.5627

4 Hourly Chart for GBP-USD showing it is currently standing at the previous low level at 1.56271

Forex Technical Analysis (11 Jul 2013)

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 11 July 2013

Time: 14:44 Hrs (+8 GMT)

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	DOWN	DOWN	DOWN	UP
Full Stochastic	UP	DOWN	DOWN	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	Head/Shoulder	Head/Shoulder	N/A	N/A
Market Direction	Neutral	DOWN	DOWN	Neutral
Market Comments	MACD and Stochastic in Daily/Weekly time frame synced downward, strong indication the intermediate term correction is on the way. The safest target is at 147.695 or technically it could be as deep as 140.648. There are 2 days left of this week the expectation should be at least today or tomorrow the target 147.695 should be reached. From fundamental outlook there are no significant economic news that could affect the movement along the way for the next these 2 days. Therefore the progress should be smooth and breakout could happen any time either during Asian, European, or US market open.

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	UP
Full Stochastic	Up	Down	Down	Down
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	Head/Shoulder	N/A	N/A
Market Direction	Up	Neutral	Down	Monthly
Market Comments	Usually the EUR-JPY will follow GBP-JPY movement identically, however there is a slight difference in the correlation of the pair. The chart shows that the EUR-JPY has a stronger uptrend strength compare to the GBP-JPY. Today's movement could be neutral but the in the intermediate term is should follow GBP-JPY.

EUR-JPY Technical Analysis (02 July 2013)

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 02 July 2013

Time: 2:05 AM (+8 GMT)

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	Up
Full Stochastic	Up	Up	Down	Up
Bollinger Bands	Top	Top	Middle	Top
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	Up	Up	Down	Up
Market Comments	The contra-movement of MACD and Stochastic between the weekly time frame and monthly time frame is something that is interesting. Will it go up or down? this is a situation to take note of in all future trade. Although the most obvious indication here is retracement but it was already done few weeks ago. So what will happen to this week.

Daily Technical Analysis - 15 Jul 2012

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 15 July 2012

Time: 12:29 PM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Up	Down
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Unknown	Unknown	Head/Shoulder	Flag Downward
Market Direction	Up	Down	Down	Down
Market Comments	Overall direction is down trend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Top	Middle	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Unknown	Head/Shoulder
Market Direction	Up	Neutral	Neutral	Neutral
Market Comments	The quiet movement keeps market flat but beware of major downtrend

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Top	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Unknown
Market Direction	Up	Neutral	Neutral	Neutral
Market Comments	As the market already already at the bottom, the major trend is flat.

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Flat
Full Stochastic	UP	Down	Up	Up
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Head/Shoulder
Market Direction	Up	Down	Down	Down
Market Comments	The major trend is - gradual downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Down
Full Stochastic	Up	Up	Up	Down
Bollinger Bands	Middle	Top	Middle	Middle
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Unknown
Market Direction	Up	Up	Up	Down
Market Comments	Despite of all the short and intermediate term goes uptrend the long-term is downtrend

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Bottom	Bottom	Top	Top
Chart Formation	Unknown	Unknown	Unknown	Head/Shoulder
Market Direction	Down	Neutral	Neutral	Neutral
Market Comments	The long-term future is major up-trend

Daily Technical Analysis - 10 Jun 2012

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: Sunday 10 June 2012

Time: 10:01 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Down
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Head/Shoulder	Unknown	Head/Shoulder	Flag Downward
Market Direction	Down	Up	Down	Down
Market Comments	Correction in the short-term but long-term is going downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Head/Shoulder	Unknown	Sideway trend	Head/Shoulder
Market Direction	Down	Neutral	Down	Neutral
Market Comments	Short-term down but long-term is neutral sideway trend waiting downtrend breakout

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Up
Full Stochastic	Down	Up	Down	Up
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Uptrend	Double Top	Sideway trend	Sideway down trend
Market Direction	Neutral	Neutral	Down	Up
Market Comments	The short-term is making re-tracement and long-term sideway downward trend

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Neutral
Full Stochastic	Down	Up	Down	Neutral
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Upward trend	Double Top	Sideway trend	Sideway trend
Market Direction	Down	Up	Down	Neutral
Market Comments	Short-term correction but long-term is sideway down trending

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Down
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Top	Bottom	Bottom
Chart Formation	Up trend	Double Top	Double Top	Double Top
Market Direction	Down	Up	Down	Down
Market Comments	Short-term correction and long-term is initiating downtrend

Daily Technical Analysis - 15 May 2012

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 15 May 2012

Time: 9:12 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Rally downward	Flag Downward	Head/Shoulder	Flag Downward
Market Direction	Down	Down	Down	Down
Market Comments	Short-Term Down | Long-term Down

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Up	Up
Bollinger Bands	Middle	Middle	Top	Middle
Chart Formation	Flag Downward	Flag Upward	Flag Upward	Head/Shoulder
Market Direction	Down	Down	Up	Up
Market Comments	Short-Term Down | Long-Term Gradual and Up

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Up
Full Stochastic	Up	Up	Down	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Flag Downward	Flag Downward	Sideway Trending	Sideway Trend
Market Direction	Down	Down	Up	Up
Market Comments	Short-Term Up | Long-term downward and sideway trending

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Bottom
Chart Formation	Rally Downward	Head/Shoulder	Sideway Downward Trend	Head/Shoulder
Market Direction	Down	Down	Down	Down
Market Comments	Short-term and Long-term gradual sideway downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Middle
Chart Formation	Rally Downward	Head/Shoulder	Double Top	Upward Trend
Market Direction	Down	Down	Down	Down
Market Comments	Short and Intermediate term down | Long-term upward trending

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Up
Full Stochastic	Down	Up	Up	Down
Bollinger Bands	Top	Top	Middle	Middle
Chart Formation	Rally Upward	Sideway trend	Sideway Trend	Double Bottom
Market Direction	Up	Up	Neutral	Neutral
Market Comments	Short-term Upward movement | Long-term neutral and possibly breakout up

Greece to receive first batch of financial aid today!!

BBC News report that today will be the first batch of the financial to Greece which amounted of €20 billion euros from the total of €110 billion euros. Partly €14.5 billion from the Euro zone member states and the rest from the IMF.

Here comes again our main concern of the impact of the monetary aid may stir temporary turbulence on the EUR-USD trend movement. Despite of all the indicators signal support for long-term bearish continuation, this fundamental data can twist the market for significant correction. If the correction is very strong there might be a shift in direction from bearish to sideways.

Our temporary analysis goes as follow:

Daily Time Frame:
MACD = Down
Stochastic = Down
Bollinger Band = Bottom
Summary = Support bearish continuation

Weekly Time Frame:
MACD = Down
Stochastic = Down
Bollinger Band = Bottom oversold
Summary = Support bearish continuation and also correction due to oversold

Monthly Time Frame:
MACD = Down
Stochastic = Down
Bollinger Band = Bottom
Summary = Support bearish continuation

Chart formation: Double top support bearish continuation in the long-term (monthly time frame) chart.
Fundamental: Euro zone - Greece financial aid: Either strong or permanent correction.

EUR-USD Technical Analysis - 05 February 2010

The pair keeps coming down breaking every resistant level that is set by the previous movement and in fact now it seems to be in minor oversold position. At this point everyone is wondering when it is going to stop falling down and make the correction move.

Time and again from the experience of the market movement prove that it might be stopping and making correction at the time when the Non-Farm Payroll economic data release today at 9.30 PM (+8 GMT Our Local Time). This analysis is based on previous historical experience the market will continue to move in its trending direction when there is significant news is ahead of it. Until the news is over then it might be corrected or continue again.

We will try to proof this theory again today see if it is working again as the way it used to be.!!
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forex EUR-USD Technical Analysis

As i have discussed any interference from the fundamental data may result in major correction of the pair. And today you can see the result of that as it broke the resistance line of 1.2881 then move further upside to make intermediate correction. This scenario is influence by the slight improvement in the European economic data and one bad data from the US zone as follow;

GBP Nationwide HPI m/m
-1.4% Actual
-1.5% Previous

EUR German Unemployment Change
-26K Actual
-29K Previous

EUR Consumer Confidence
-24 Actual
-19 Previous

USD Advance GDP q/q
-0.3% Actual
2.8% Previous

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Forex EUR-JPY Technical Analysis

As expected in the previous post that the pair of EUR-JPY will eventually fall no matter without question. The only thing that we will never know is a matter of when it is going to happen. Now it is already happen it fall like a disgrace from heaven above as global financial crisis is adding the ingredients of disaster to the Euro currency.

This phenomena is simply explain by the simple mathematics of moving average where a currency trend will eventually stop moving at certain point following the cycle of economic ups and downs.

See the picture below showing a sharp fall of the EUR-JPY pair.

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forex EUR-JPY Technical Analysis

The Euro-Jpy pair has now come to the moment of truth. As i analyzed before sooner or later the pair will move down brutally because it was keep going up defying the rule of technical analysis. And today you can see the result of that as the EUR-JPY is already down as expected. The only thing which i didn't expected was the time of when it should fall because no one can predict that.

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