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January 12-16, 2015 Technical Forecast for EURUSD, GBPUSD, AUDUSD

OPEN POSITIONS:                                                                                                                                                                                                                                                                                                                    SEPT 2, 2014 8:30 GMT GBPUSD SHORT 1.6565, STOP 1.6150, TARGETS 1.4812, 1.3523                                                                                                                                                                                                         JAN 15, 2015 12:45 GMT EURUSD SHORT 1.1674, STOP 1.1850, TARGETS 1.1423,1.1295, 1.1096, 1.0326

Read our 2015 forecast at https://www.fxlivetrader.com/2015-forecast/

EURUSD (1.1567) continues to move lower reaching 1.1459 last week, just a few pips shy of our 1.1423 target. Weekly prices closed 1.1567, below the November 2005 low 1.1642 as risk remains firmly to the downside in the weeks and months ahead. (Read our 2015 forecast at https://www.fxlivetrader.com/2015-forecast/ ). For the week ahead,look for a daily open and lower close below 1.1418 to confirm downside extension to 1.1295 while to the upside prices remain below 1.1883.

GBPUSD(1.5162)  risk remains to the downside with 1.4812 as the next downside target.  Last week witnessed a new multi-year low as the outlook for the week ahead continues to favor downside risk as a daily open and lower close below 1.5026 will confirm further downs extension to  1.4915 and 1.4812 while to the upside prices will remain below 1.5410.

AUDUSD(8219) achieved 0.8032 low last week as the the outlook remains for further price decline to 0.7938 followed be the monthly 200 SMA currently at 0.7780.  For the week ahead, look for further price decline to the 200 month SMA while to the upside price will remain below 0.8535.

 

  • Posted by adminfx
  • On January 17, 2015
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