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Manual Traders

Technical analysis is a method for evaluating currency movements by analyzing the data generated by market activity; this data is often historical data such as past prices and volume. Technical analysts will attempt to analyze this data in order to identify patterns that can help them predict future (short-term or long-term) price movements in the currency.

There are several different techniques technical traders use to analyze data. They include moving averages, Fibonacci retracement, trends, resistance and supports, double tops and double bottoms, Bollinger Bands® and the popular MACD.

EURUSD WEEKLY OUTLOOK COME DEC 2ND-DEC 6TH; BULLISH TREND CONTINUES TOWARDS TECHNICAL RESISTANCE, TARGET 50% FIBONACCI SEQUENCE

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EUR/USD advanced for a third week in a row. As we enter the last month of the year, can it reach new highs? The rate decision is the key event of the week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD.
Eurozone Flash CPI exceeded expectations rising 0.9%, following 0.7% gain in October. Although the growth rate increased, it remained well below the European Central Bank’s (ECB) inflation target of 2% for nine consecutive months. The lowest inflation in almost four years registered in October is quite likely the reason behind the sudden ECB rate cut seen in November. However, the 0.9% gain eases fears that the euro zone is headed for deflation. Will the ECB come up with further accommodative measures on its December 5 meeting?

GBPUSD WEEKLY OUTLOOK COME DEC 2ND-DEC 6TH; TARGETS 100% BULLISH FIBONACCI PRICE TARGET:: SPECULTIONS STILL BULLISH::

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GBP/USD rallied for a fourth straight week, gaining over a cent. The pair closed the week at 1.6362. This week’s key releases are the PMIs and the BOE’s QE and Official Bank Rate decisions. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

Here is a summary of major events during the week

NZDUSD WEEKLY OUTLOOK COME DEC 2ND-DEC 6TH; TECHNICAL SUPPORT BROKEN:::POSSIBLY TARGETING 38.2% FIBONACCI SEQUENCE AFTER BULLISH INTERMEDIATE WAVE 2 LEG RETRACEMENT

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The New Zealand dollar was on the back foot for another week, dropping together with its commodity currency peers. Is this the beginning of an avalanche? Indicators related to exports accompany the kiwi this week. Here is an outlook for the events moving the kiwi, and an updated technical analysis for NZD/USD.

New Zealand’s trade balance deficit came out below expectations, at 168 million. Despite the positive surprise, for a second month in a row, the New Zealand dollar traded lower, falling to levels last seen in early September, before the “no taper” surprise.

USDCAD WEEKLY OUTLOOK COME DEC 2ND-DEC 6TH; BULLISHNESS ON THE INCREASE AS FIBONACCI TARGET ARE N OW DEFINED

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USD/CAD posted modest gains, as the Canadian dollar remains under pressure. The pair closed the week above the 1.06 line. The upcoming week has a host of key releases, including the BOC Overnight Rate and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

US Unemployment Claims continues to look solid, while Canadian GDP posted a modest gain. Canadian  Current Account disappointed, as the deficit rose to a three-month high.

USDJPY WEEKLY OUTLOOK COME DEC 2ND-DEC 6TH; NOW TARGETING RNDOM 50% FIBONACCI SEQUENCE

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USD/JPY continues to rally, as the pair gained over a cent last week. The pair closed the week at 102.42. The upcoming week has seven events. Here is an outlook on the major market-movers and an updated technical analysis for USD/JPY.

US employment numbers were strong last week, helping boost the US  dollar. Japanese inflation indicators looked good, but manufacturing production was well below the estimate.

Summary of key events during the week

1. Capital Spending: Sunday, 23:50. Capital Spending measures the total value of new business capital expenditures. It is released on a quarterly basis, magnifying its impact. After two straight declines, the indicator posted a flat reading of 0.0% in Q2. The upward trend is expected to continue in Q3, with an estimate of a strong gain of 3.1%.
2. BOJ Governor Haruhiko Kuroda Speaks: Monday, 2:30. Kuroda will deliver remarks in Nagoya. Analysts will be listening closely, looking for hints as to changes  in the BOJ’s monetary policy.
3. Monetary Base: Monday, 23:50. The Bank of Japan  continues to increase its monetary base through the purchase of long-term bonds. The indicator posted a gain of 45.8% in October and a gain of 47.2% is expected for the November release.
4. Average Cash Earnings: Tuesday, 1:30. This is an important economic indicator, since an increase in employment income should lead to stronger consumer spending and economic growth. The indicator posted a weak gain of 0.1% in October, but this was well above the estimate of -0.5%. The markets will be looking for a stronger gain for the November release.
5. 10-year Bond Auction: Thursday, 3:45. The average yield on 10-year bonds continues to decrease, with the October yield coming in at 0.61%. As a minor event, this release is unlikely to have a major impact on the movement of USD/JPY.
6. Leading Indicators: Friday, 5:00. This composite index is based on 11 economic indicators, but is a minor event since most of the data has been released previously. The index rose to 109.5% last month, and little change is expected in the upcoming release.
7. BOJ Governor Haruhiko Kuroda Speaks: Saturday, 2:00. Kuroda will deliver remarks in Tokyo. A speech which is considered more hawkish than expected is bullish for the Japanese yen.

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USD/JPY adamantly refused to risk any bear Fibonacci pattern. This is coming after the pair confirmed the formation of a triangular wave C leg exactly on the 13th of September, 2012. From then up until this very moment, the pair has continued bullish with an average profit target of over +2000pips.

 Last week, we envisaged an impending bearish wave i leg which was expected to serve as a bullish propeller. This prediction has been fulfilled and we even expect this bullish pattern to
continue, looking ahead in profit for 103.716.
The random 50% Fibonacci sequence number rest on 105.391 while the 61.8% Fibonacci sequence also stands at 112.399.

NOTE: Price predictions produced by FibonacciPrice&PatternTrader may be affected by unforseen events like hurricane, earth quake, flood and other natural disasters consequently changing price patterns already predicted. Hence we advice strict adherence to money management techniques.

HAPPY TRADING

CADCHF LONG TERM BULLISH SIGNAL CONFIRMED; PRICE TARGET OF OVER +600PIPS IN SIGHT

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     After confirming a significant downside wave  leg 5 confirmation on 25th of October at exactly 12:00 IronFx GMT; The bulls have in reply, began taking their share of the market price for CADCHF. To confirm the bullish trend however, we had to wait till 20th of November at about  00:00 GMT to confirm an established wave leg Y pattern equating to a Head & Shoulder bullish confirmation signal.

   Following the confirmation of the signal for this CADCHF, we now have price target specified using our Fibonacci sequence. as sen bellow

                      TARGET ONE- 50% Fibonacci number = 0.90342

                       TARGET TWO- 61.8% Fibonacci number = 0.9150

                        TARGET THREE 100%  Fibonacci number = 0.9533

INABILITY TO RELEASE THIS WEEK ANALYSIS OF THE MAKET FORCES ME TO ANNOUNCE MY PRIVATE BLACKBERRY PIN

DUE TO THE INABILITY OF RELEASING MY ROUTINE BULLETIN FOR THIS WEEK FOLLOWING UNFORESEEN INTERNET CONNECTION ISSUES FROM MY END
I HAVE DECIDED TO RELEASE MY  PRIVATE BLACKBERRY PIN OUT OF MY KIND HEARTEDNESS

HOWEVER, I WOULD WANT TO MAINTAIN THAT ONLY QUESTIONS REGARDING FOREX TRADING IDEAS FOLLOWING MY TECHNICAL ANALYSIS OF THE MARKET WOULD BE ENTERTAINED[OUTSIDE SUCH COMMENTS, YOU SHALL RECEIVE NO RESPONSE].

BLACKBERRY PIN: 286450FE

THANK YOU FOLLOWERS FOR  UNDERSTANDING

SPAMMERS ARE WARNED TO KEEP OFF

NZDUSD WEEKLY OUTLOOK NOV 18-22ND; DOUBLE BOTTOM BULLISH REBOUNCE

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The New Zealand dollar remained in range in the aftermath of the roller coaster . Quarterly PPI figures are the highlights of this week. Here is an outlook for the events moving the kiwi, and an updated technical analysis for NZD/USD.

After the  excellent jobs report seen in the previous week, a disappointment was printed in the retail sales report. The volume of sales rose by only 0.3% and core sales disappointed with a drop. Inflation figures now are important for the next decisions of the RBNZ.

Here is a summary of key events during the week

1. PPI: Tuesday, 21:45. The producer price index is published in New Zealand only once per quarter, thus making the market impact stronger. As the Reserve Bank of New Zealand stated that 2014 will likely see a rate hike, the moves in prices will help determine the timing. In Q2, PPI Input rose by 0.6%, exactly as expected. This is the main figure that measures prices that manufacturers received. PPI Output rose by 1%.
2. Credit Card Spending: Thursday, 2:00. Changes in consumers’ mood can be seen in usage of credit cards, which are in wide use in New Zealand. The year on year growth that was reported in September stood on 5.2%, lower than 6.6% seen in August. A similar rise is expected now.
3. Visitor Arrivals: Thursday, 21:45. New Zealand enjoys a strong tourism sector, so arrivals from overseas have an impact on the wider economy and on the currency. A drop of 1% was seen in September. A rise is now likely in October.

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This pair takes a confident bullish turn after making a rebounce at the technical support previously established 5th of November, 2013. The chart above shows a detailed technical outlook for this com this week.

As seen above, an expected wave leg 5 is due for completion following the rebounce of NZDUSD at a key technical support. Market prices are expected to take a complete downside move south-east of the chart after hitting 0.8619.

APOLOGIES FOR POSTING THIS OUTLOOK LATE:: INABILITY DULY AS A RESULT OF POOR INTERNET CONNECTION

NOTE: Price predictions produced by FibonacciPrice&PatternTrader may be affected by unforseen events like hurricane, earth quake, flood and other natural disasters consequently changing price patterns already predicted. Hence we advice strict adherence to money management techniques.

HAPPY TRADING

USDCAD WEEKLY OUTLOOK NOV 11TH-5TH; BEAR MARKET, STEADY.

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The Canadian dollar had a fairly quiet week, and posted modest gains against the US currency. USD/CAD closed the week at 1.0478. This week’s key events include Trade Balance and Manufacturing Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

US and Canadian employment data was strong this week, but the unexpectedly sharp NFP release on Friday gave the US dollar a boost and sent USD/CAD briefly above the 1.05 line. Canadian Ivey PMI was strong, but Building Permits was well short of the estimate.

EURUSD WEEKLY OUTLOOK NOV 11TH-15TH; MARKET PRICE YET BULLISH AFTER SURPRISE ECB INTEREST RATE CUT

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EUR/USD had a second negative week, losing over 100 pips. Can it stabilize at these levels or continue falling? GDP, employment and inflation data are the main market movers for this week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD.

The ECB cut the interest rate to 0.25% in its monthly meeting, catching markets by surprise. The weak performance of the euro states, excluding Germany and the overvalued Euro compelled the ECB to cut rates, in an attempt to spur the euro-zone economies. ECB president Mario Draghi also made it clear that he has more “artillery”. EUR/USD fell also on news from the other side of the Atlantic: both GDP and the Non-Farm Payrolls exceeded expectations. We’ll now see how bad the euro-zone situation is.

GBPUSD WEEKLY OUTLOOK NOV 11TH-15TH; BULLISH SENTIMENT STILL ON COURSE

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GBP/USD bounced back and crossed above the 1.60 level, gaining about one cent last week. The pair closed at 1.6018. This week’s key events include CPI, Claimant Count Change and Retail Sales. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

British Construction and Services PMIs continued to look sharp, giving the pound a boost. The US dollar made up some ground late in the week as NFPs soared on Friday.

NZDUSD WEEKLY OUTLOOK NOV 11TH-15TH; BULLISH SENTIMENTS INCREASING

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The New Zealand dollar dipped to new lows but managed to remain stable in a very turbulent week. The big event for the upcoming week is the release of employment data. Here is an outlook for the events moving the kiwi, and an updated technical analysis for NZD/USD.

The RBNZ left the interest rate unchanged at 2.5% as expected and made contradicting statements: on one hand, it wants to see a lower value for NZD, but on the other hand it sees interest rates rising in 2014 – a hawkish statement. The kiwi wanted to fly higher, but it was also hurt by the relatively hawkish FOMC statement in the US. The central bank in the US did not hint about a change in QE tapering plans. Where will this pair trade next?

USDJPY WEEKLY OUTLOOK NOV 11TH-15TH; MARKET PRICE STILL LOOKING BEARISH

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The Japanese yen showed some strength last week but ended the week almost unchanged, as USD/JPY closed the week just above the 99 line. There are nine events in the upcoming week. Here is an outlook on the major market-movers and an updated technical analysis for USD/JPY.

 Japanese releases were uneventful last week. NFPs soared on Friday, helping the US dollar push higher and close above the 99 line.

EURUSD BEARISH PATTERN SHORT LIVE AFTER MOVING +300 PIPS; WAVE LEG 3 MAY LIKELY RETEST TECHNICAL RESISTANCE

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EUR/USD had a terrible week, falling around 300 pips. Is the pair oversold, or does the fall in inflation justify an extension of the fall? The euro is now in the hands of ECB President Mario Draghi and the rate decision becomes even more important that normally. In addition, manufacturing and services PMIs, employment and industrial data will also move the common currency. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD, now on much lower ground.

GBPUSD BEARISH WAVE LEG CLOSES UP AFTER +300PIPS; BULLS RETURNING

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GBP/USD tumbled last week, as the pair dropped 250 points. GBP/USD closed the week at 1.5922. This week has a host of key events, incuding PMIs, Manufacturing Production and the asset purchase facility and interest rate decisions. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

British releases had a tough week, as CBI Realized Sales plunged and Manufacturing PMI missed the estimate. US readings were mixed, but there was some relief in the markets as the all-important Unemployment Claims met expectations.

NZDUSD WEEKLY OUTLOOK; BULLISH OFFSET TERMINATES BEARISH PROGRESSIVE WAVE LEG C

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The New Zealand dollar dipped to new lows but managed to remain stable in a very turbulent week. The big event for the upcoming week is the release of employment data. Here is an outlook for the events moving the kiwi, and an updated technical analysis for NZD/USD.

USDJPY WEEKLY OUTLOOK; PRICES LIKELY TO FALL TOWARDS TECHNICAL RESISTANCE

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The yen weakened last week, as USD/JPY gained about 100 points. USD/JPY closed the week at 98.61. The upcoming week is a quiet one, with just five events. Here is an outlook on the major market-movers and an updated technical analysis for USD/JPY.

The US started out the week with some disappointing releases, but recovered as Unemployment Claims was solid and manufacturing data beat expectations, and the US dollar moved higher.