Some of my forecasts

[4xpipcounter]

Hi, PnShare.
At this point, I would look for a reaction at 43.84. There is cluster S there, and that area will be good for at least temporary containment.
My WS1 is 44.15. That will also be support, but probably not containment.

Thanks for clearing that up, Krishere.

let me know,when USD/Rs movement turn up ward from downward .

 

[ShivaniArora]

What are your current views on eurusd @ 4350 level, I have already completed 20% account gain for April and I am not very keen on holding longs on eurusd at this stage, even with rate hike news due tomorrow.

Also suggest a good 100 to 150 pip trade in any other major if possible.

 

[4xpipcounter]

Shivani, I have not changed me view as per the Weekly Forecast, "EUR/USD: This pair keeps messing around near the top, and eventually, it is going to take it out as it should be headed towards 1.4412. That should be MTLT containment as we see what should be a very strong reversal."

I posted concerning the AUD/JPY and NZD/JPY that should net what you are looking for.

What are your current views on eurusd @ 4350 level, I have already completed 20% account gain for April and I am not very keen on holding longs on eurusd at this stage, even with rate hike news due tomorrow.

Also suggest a good 100 to 150 pip trade in any other major if possible.

 

[krishere]

Taking into consideration that INR is not a completely free currency.... partly controlled by Indian Govt.... Your views on this........

Hi, PnShare.
At this point, I would look for a reaction at 43.84. There is cluster S there, and that area will be good for at least temporary containment.
My WS1 is 44.15. That will also be support, but probably not containment.

Thanks for clearing that up, Krishere.

 

[4xpipcounter]

Eur/usd

As per my analysis in the Weekly Forecast, this pair is headed to 1.4412. We are getting close, so a reversal could be imminent. If the butterfly pattern adn the TL on the monthly holds up, then this is going to last for several months, as it could be put circa 1.1200 on the radar.

 

[ShivaniArora]

Re: Eur/usd

As per my analysis in the Weekly Forecast, this pair is headed to 1.4412. We are getting close, so a reversal could be imminent. If the butterfly pattern adn the TL on the monthly holds up, then this is going to last for several months, as it could be put circa 1.1200 on the radar.

does this mean that the rate hike by ecb today can put it in a quandary ?

 

[4xpipcounter]

Re: Eur/usd

Shivani, I figure the current dip would go another 20 pips south, which would be circa 1.4285. As long as that part of it holds up, then it makes for a straight shot to my projection, and possibly even something to spare.
FYI, I don't trade the FA's. I am strictly a technical trader.

does this mean that the rate hike by ecb today can put it in a quandary ?

 

[4xpipcounter]

Re: Eur/usd

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Shivani, posted is the 15 min chart for when the rate hike was announced. That is a 15-pip hi-lo spread. This is why the news does not get me hyped. If it ends up being a strong move, it will always stay within technical parameters.

does this mean that the rate hike by ecb today can put it in a quandary ?

 

[4xpipcounter]

Eur/usd

One of 2 things is about to happen. Either my analysis in the WF will be about spot on, or we are about to have a severe blowout heading north.

A similar situation is brewing with cable.

Watch for 1.4412 on the Euro, and 1.6398 on cable.

 

[k.raaja]

dear paul.. i have observed weekly eur/usd chart... in that chart i noticed that stochastic is oversold zone.. more than 5 bars.. so .. according to smart trade post... i feel some more upside left.. correct me if i am wrong.. based on my analysis eur/usd is going to reach 1.5200 lvls..just learning from ichimoku charts.. :d