Thursday, 26 February 2015

The euro is stable on Thursday morning

The main currency pair is trading at a fairly neutral level, although investors have reasons to be nervous - for example, during the speech by Fed Yellen.

The euro/dollar remains within the medium-term trading range. The main trades in the instrument now extend around the 1.1365 mark, and this is a good achievement for the European currency.

Yesterday’s speech by the head of the Federal

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the upper fibo-levels, Eurodollar is trying to resume falling. The closest target for bears is the group of fibo-levels at 1.0940. I’m planning to stop trading after the pair reaches the above-mentioned area.

At the H1 chart, the pair is attempting to rebound from a local retracement 61.8%. The intermediate target is the group of fibo-levels at 1.1180. Possibly, later the pair may start a new short-term correction from the lower levels.

Analysis for February 26^th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price has formed Shooting Star and triple Tweezers patterns near the Moving Average, which means that a descending movement may continue. Three Line Break chart and Heiken Ashi candlesticks indicate a short-term correction.

As we can see at the H1 chart of EUR USD, the price has formed Evening Star pattern. Later, the pair may fall towards the lower Window and even break it, which is confirmed by a descending movement indicated by Three Line Break chart.

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected and supported by Super Trends. The closest target is at the 2/8 level. If the market breaks it, it may continue falling and reach the 1/8 level or the 0/8 one. Later, after the price breaks the minimum, I’m planning to move my stop losses after the market.

The pair is moving in the middle of the H1 chart. Earlier, the market rebounded from the 7/8 level three times, which means that it may resume falling. Super Trends are still influenced by “bearish cross”. I’m planning to increase my short position as soon as the pair is able to stay below the 3/8 level.

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving inside its consolidation channel. Possibly, the market may test level of 1.1400. After that, according to the main scenario, the price may fall towards level of 1.1240 and then return to level of 1.1380, thus continuing forming this consolidation channel.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is extending its ascending structure. We think, today the price may reach level of 1.5600. this ascending movement may be considered only as an alternative. The main scenario implies that the downtrend is going to continue. The target is at level of 1.4850.

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

In case of Euro, the situation isn’t changing. Probably, the price has completed horizontal triangle inside wave (iv) of [iii] and right now is expected to start a strong descending movement inside wave (v) of [iii].

The pair has completed impulse i of (v) of [iii] and the correction inside wave ii of (v) of [iii]. In the nearest future, the price is expected to stay below the confirming level at 1.1287 and then start a new descending movement.

The Australian dollar is trying to grow

By midweek, the AUD/USD pair has strengthened fairly well, based on the published statistics.

According to the statistics presented this morning, the volume of completed construction in Australia at the end of the fourth quarter of last year fell by 1.6%, but with the seasonally adjusted the indicator "dipped" only 0.2%. This is good information: the forecast assumed a more significant decline, of 1.2%. At the same time, the statistics for the third quarter was revised to fall to -2.8% from -2.2% before.

This release is very important: on the basis of it, one can analyze the condition of the entire construction sector in the country. In that case, if the indicator is growing, a local currency growth phase also begins.

And this is what happened with the AUD/USD pair.

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

At the H1 chart, the pair has rebounded from a correctional retracement 61.8% four times and resumed moving downwards. The intermediate target is the group of fibo-levels at 1.1180. Possibly, later the pair may start a new short-term correction from the lower levels.

Analysis for February 25^th, 2015

EUR USD, “Euro vs. US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected and supported by Super Trends. The closest target is at the 2/8 level. If the market breaks it, it may continue falling and reach the 0/8 one. Later, after the price breaks the minimum, I’m planning to move my stop losses after the market.

As we can see at the H1 chart, the market has rebounded from the 7/8 level three times, which means that it may resume falling. Super Trends are still influenced by “bearish cross”. I’m planning to increase my short position as soon as the pair is able to stay below the 3/8 level.

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving inside its consolidation channel. The most preferred scenario implies that the price may continue falling to reach level of 1.1240. After that, the pair may return to level of 1.1380.

GBP USD, “Great Britain Pound vs US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Euro continues moving inside a narrow trading range. Probably, the price has completed horizontal triangleinside wave (iv) of [iii] and right now is forming first five-wave structures inside a larger wave (v) of [iii]. At the same time, the fact that the market doesn’t move downwards may result in an alternative scenario (colored in gray), which implies that the price may be still growing inside wave y of (iv) of a larger double zigzag. This alternative scenario may become the main one if the pair is able to stay above 1.1429.

Probably, the pair has completed impulse i of (v) of [iii] of a larger wave (v) of [iii].

The euro is pressured by circumstances

The main currency pair in the last week of February remains under pressure: Greece has not decided what he would do with their debt, and the time is coming to do so.

The euro/dollar continues to decline. The week opened with sales amid the Greek nebula, where uncertainty as to the Athenian finances persists to the present day. This factor weighs on the euro more than it ever has.

Daily statistics was interesting. German GDP grew in the fourth quarter of 2014 by 0.7%. The main factor of the increase in the index was the support from local consumption. The population is ready to spend, and this will support the German economy for some time. However, it should not be counted on as serious long term support. According to the components of the report, net exports give 0.2% to the GDP, and consumption adds 0.5%.

Inflation in Germany remained moderate, and prices did not grow to the delight of the consumers. This leads customers to the stores. People's willingness to spend is a good signal.

The market would have played on the good German GDP in full, but alas - the shadow of the Greek tragedy is hanging over the euro zone and threatens even stronger. February 28 ends the official term of the third package of aid to Greece from the "troika" of creditors. New negotiations still have not happened: Athens wants a reprieve, but at the same time they want to spend and live in a big way. Europe would like the debts returned and to reduce market tensions.

RoboForex Analytical Department

<< Back to list

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Fibonacci Retracements Analysis 24.02.2015 (EUR/USD, EUR/GBP)

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

At the H1 chart, the pair has rebounded from a correctional retracement 61.8% four times and started falling. The intermediate target is the group of fibo-levels at 1.1180. Possibly, later the pair may start a new short-term correction from the lower levels.

Analysis for February 24^th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price has formed Shooting Star and triple Tweezers patterns near the Moving Average, which means that a descending movement may continue. Three Line Break chart and Heiken Ashi candlesticks are also reversing downwards.

As we can see at the H1 chart of EUR USD, after finishing Shooting Star pattern, the price has formed bearish Three Black Crows pattern. In the near term, if the price is able to stay below the closest Window, it may continue falling, which is confirmed by a descending movement indicated by Three Line Break chart and Heiken Ashi candlesticks.

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected below Super Trends. The closest target is at the 2/8 level. If the market breaks it, it may continue falling and reach the 0/8 one. Later, after the price breaks the minimum, I’m planning to move my stop losses after the market.

As we can see at the H1 chart, the market has rebounded from the 7/8 level three times, which means that it may resume falling. Earlier, Super Trends formed “bearish cross”. I’m planning to increase my short position as soon as the pair is able to stay below the 3/8 level.

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

The situation hasn’t changed much over the last 24 hours. Most likely, the price has completed horizontal triangle inside wave (iv) of [iii] and in the nearest future may start a new descending movement inside wave(v) of [iii].

The pair is moving below its critical level of 1.1428 and forming first ascending impulses inside wave (v) of [iii]. The structure of the new descending movement isn’t quite clear so far, but the main scenario remains the same.

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving below level of 1.1343. We think, today the price may continue falling to reach level of 1.1260 and then return to level of 1.1380. After that, the pair may start another descending movement towards level of 1.1240.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is attempting to continue its ascending structure. If it succeeds, the market may expand its

Fibonacci Retracements Analysis 23.02.2015 (EUR/USD, EUR/GBP)

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the upper fibo-levels, Eurodollar is trying to resume falling. The closest target for bears is the group of fibo-levels at 1.0940. I’m planning to stop trading after the pair reaches the above-mentioned area.

At the H1 chart, the pair has rebounded from a correctional retracement 61.8% four times and started falling. The intermediate target is the group of fibo-levels at 1.1180. Possibly, later the pair may start a new short-term correction from the lower levels.

Analysis for February 23^rd, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price has formed Shooting Star and triple Tweezers patterns near the Moving Average, which means that a descending movement may yet continue. However, in the near term, the pair may test the Moving Average for the last time. Three Line Break chart and Heiken Ashi candlesticks are also reversing downwards.

As we can see at the H1 chart of EUR USD, after finishing Three Methods continuation pattern, the price has formed Shooting Star pattern. In the near term, the price may make a fast movement towards local highs, which is confirmed by a reverse upwards made by Three Line Break chart.

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving inside its correctional channel and forming a descending structure with the target at level of 1.1240. We think, today the price may reach level of 1.1260 and then return to level of 1.1385.

GBP USD, “Great Britain Pound vs US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Euro is still being corrected below the H4 Super Trend. The lines at the chart have been redrawn and right now the closest target is at the 2/8 level. If the market breaks it, it may continue falling and reach the 0/8one. I’m planning to move my stop losses after the market.

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Most likely, the price has completed horizontal triangle inside wave (iv) of [iii] and in the nearest future may start a new descending movement inside wave (v) of [iii].

So, the pair has finished the final zigzag inside wave e of (iv) of [iii], and right now is expected to start falling. This scenario will be confirmed only after is able to stay below 1.1275.

Thursday, 26 February 2015

Analysis for February 26th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 26th, 2015EUR USD, “Euro vs. US Dollar”

Analysis for February 26th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 26th, 2015EUR USD, “Euro vs US Dollar”

GBP USD, “Great Britain Pound vs US Dollar”

Analysis for February 26th, 2015EUR USD, “Euro vs US Dollar”

Wednesday, 25 February 2015

Analysis for February 25th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 25th, 2015EUR USD, “Euro vs. US Dollar”

Analysis for February 25th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 25th, 2015EUR USD, “Euro vs US Dollar”

GBP USD, “Great Britain Pound vs US Dollar”

Analysis for February 25th, 2015EUR USD, “Euro vs US Dollar”

Tuesday, 24 February 2015

Analysis for February 24th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 24th, 2015EUR USD, “Euro vs. US Dollar”

Analysis for February 24th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 24th, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 24th, 2015EUR USD, “Euro vs US Dollar”

GBP USD, “Great Britain Pound vs US Dollar”

Monday, 23 February 2015

Analysis for February 23rd, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 23rd, 2015EUR USD, “Euro vs. US Dollar”

Analysis for February 23rd, 2015EUR USD, “Euro vs US Dollar”

GBP USD, “Great Britain Pound vs US Dollar”

Analysis for February 23rd, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 23rd, 2015EUR USD, “Euro vs US Dollar”

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 26^th, 2015

EUR USD, “Euro vs. US Dollar”

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 26^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs. US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 25^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 24^th, 2015

EUR USD, “Euro vs. US Dollar”

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 24^th, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs. US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”

Analysis for February 23^rd, 2015

EUR USD, “Euro vs US Dollar”