AUD/USD Forecast Till 2017
FORECASTS OF EUR/JPY FOR THE YEAR 2016
SEPTEMBER 11, 2015
FORECASTS OF EUR/JPY FOR THE YEAR 2016 Technical Analysis
EUR/JPY
The currency pair EUR/JPY weekly price is on bearish side
ranging between the following S/R Levels:
§ On the chart
given below, located near the upper border of Ichimoku cloud which shows
the 138.52 resistance level on the
bullish side;
§ While on the
other hand, support level of 127.03 located far below Ichimoku cloud shows the
bearish area.
According to Seven Star FX Ltd forecast; where we can’t
expect the currency par “EUR/JPY” price to break 139.01 'reversal' resistance
from below to above, however the price seems to be on bearish side breaking
down 127.01 bearish target that might start in the beginning of the year 2016.
If the economic conditions & exports between the two countries remains to
be the same.
(Source: Seven Star FX Research Center)
Forecast EUR/JPY
(For Q3 & Q4 of 2015' , Q1&
Q2 of
2016')
|
Quarter 3: 134.82 (2015)
Quarter 4: 128.9 (2015)
Quarter 1 :124.14 (2016)
Quarter 2: 122.5 (2016)
|
Below given is the chart pattern that help you to
forecast the trend reversal in the later half of the
year or beginning of 2016:
From the above chart, we are expecting the bearish market
condition for pair EUR/JPY for the year 2016 with the breakdown price movement
started in the beginning of the next year. The weekly price doesn’t seem to be
reversed to the bullish, while the monthly price will be on bearish side for
the beginning of the year 2016.
Analyst View for ‘16:
Bearish
Research Team:
1.
Analyst:
Mr. Dhruv Williams – (+1) 316 413 3777
2.
Associate Analyst:
Mr. Konstantinos Nikolakakis– (+30)
6989624628
Disclaimer:
This document has been prepared by Seven Star FX Ltd and is
meant for sole use by the recipient and not for circulation. This document is
not to be reported or copied or made available to others. The information
contained herein is from sources believed reliable. We do not represent that it
is accurate or complete and it should not be relied upon as such. We may have
from time to time positions or options on, and buy and sell securities referred
to herein. We may from time to time solicit from, or perform investment
banking, or other services for, any company mentioned in this document. This
report is intended for non- Institutional Clients only
This report
has been prepared by the Retail Research team of Seven Star FX Ltd. The views,
opinions, estimates, ratings, target price, entry prices and/or other
parameters mentioned in this document may or may not match or may be contrary
with those of the other Research
Teams
(Institutional, PCG) of Seven Star FX Ltd
EUR/JPY Forecast - 11 September 2015
SEPTEMBER 11, 2015
EUR/JPY Forecast
Technical Analysis
EUR/JPY Technical Analysis
The currency pair EUR/JPY is on bullish trend after a long-term bearish
movement from November of 2014. It finds support at 135.58 (50% Fibonacci
retracement) and at 135.18 which is the 38.2% Fibonacci retracement in weekly
chart. Given below is the price chart for the same.
A triangle has been
shaped in the weekly chart. We are waiting for the breakout which would surely
define the trend.
In the weekly chart
we can have an ascending channel.
Possible head and
shoulders pattern takes place in weekly chart
The nearest key support
levels are 135.58 and 135.18
The previous high
is at 139.00. A break of this level would lead to a strong bullish movement. Higher
exists the level of 141.00 as strong resistance. It is the important 61.8%
Fibonacci level.
Key Analysis:
If the currency
pair EUR/JPY will break support level 135.18 on
close Price chart bar so we might see bearish trend coming.
The currency pair EUR/JPY price may break 50% Fibonacci level
(137.92) resistance level, which is at the same level of the triangle trend
line resistance so we might see a previous high retest.
Recommendation:
§ Recommendation for long: watch price chart to break 137.92
for possible buy trade with re-enter at 141.00
§ Recommendation
to go short: watch currency pair price to break 135.58, 135.18, 132.32 or 131.66
support levels for possible sell trade.
Analyst View:
Bullish
Resistance and Support Level
§ Resistance Level: 137.92, 141.00
§ Support
Level: 132.32, 132.32, 135.58, 135.18
Research Team:
1.
Associate Analyst:
Mr. Konstantinos Nikolakakis – (+30) 6989624628
About Konstantinos Nikolakakis:
Konstantinos Nikolakakis is associate
analyst at Seven Star FX Ltd and has a working experience of 5 years in
analysing and commentating on foreign exchange and global markets. Konstantinos provides research and strategy on FX majors, minors
and precious metals for Seven Star FX Ltd clients. Prior to joining Seven Star
FX Ltd in 2015 Konstantinos has spent
five years in analysis and trading in Greece. He holds a Bachelors in economic
science from the University of Crete, Greece and holds MBA specializing in financial
markets and economics from University of Nicosia, Cyprus.
Disclaimer:
This document
has been prepared by Seven Star FX Ltd and is meant for sole use by the
recipient and not for circulation. This document is not to be reported or copied
or made available to others. The information contained herein is from sources
believed reliable. We do not represent that it is accurate or complete and it
should not be relied upon as such. We may have from time to time positions or
options on, and buy and sell securities referred to herein. We may from time to
time solicit from, or perform investment banking, or other services for, any
company mentioned in this document. This report is intended for non-
Institutional Clients only
 |
This report
has been prepared by the Retail Research team of Seven Star FX Ltd. The views,
opinions, estimates, ratings, target price, entry prices and/or other
parameters mentioned in this document may or may not match or may be contrary
with those of the other Research teams (Institutional, PCG) of Seven Star FX Ltd
EUR/USD Forecast - 10-September,2015
EUR/USD Intra-Day Technical Analysis
The currency pair EUR/USD seems to be in bearish trend. It is finding
support at the bullish trend line as shown in the chart below. It is finding
resistance at 1.1177 which is the 38.2% Fibonacci retracement level. The trend
line support seems to be strong enough at the time. Given Below is the Price
Chart for the same.
- EMA 10 and EMA 20 is showing bearish trend and the price cannot close above them.
- The nearest key resistance levels are 1.1177 and the area of 1.1206/1.1211.
- A triangle pattern was formed by the price.
Key Analysis:
If the currency pair EUR/USD will break trend line support the bearish trend will be continuing.
The currency pair EURUSD price may break the bearish trend line so we might see the trend reversal that seems to be primary bullish condition.
Recommendations:
- Recommendation for long: watch price chart to break the resistance area of 1.1206/1.1211 for possible buy trade with re-enter at 1.1341
- Recommendation to go short: watch currency pair price to break 1.1144 (23.6% Fibonacci retracement) for possible sell trade. At the same level there is the trend line support.
Analyst View:
Bearish
Resistance & Support Level
§ Resistance Level: 1.1177, 1.1206/1.1211
§ Support
Level: 1.1142, 1.1131, 1.1090
Research Team:
1. Analyst:
Mr. Dhruv
Williams
2.
Associate Analyst:
Mr. Konstantinos Nikolakakis
This document
has been prepared by Seven Star FX Ltd and is meant for sole use by the
recipient and not for circulation. This document is not to be reported or copied
or made available to others. The information contained herein is from sources
believed reliable. We do not represent that it is accurate or complete and it
should not be relied upon as such. We may have from time to time positions or
options on, and buy and sell securities referred to herein. We may from time to
time solicit from, or perform investment banking, or other services for, any
company mentioned in this document. This report is intended for non-
Institutional Clients only
This report
has been prepared by the Retail Research team of Seven Star FX Ltd. The views,
opinions, estimates, ratings, target price, entry prices and/or other
parameters mentioned in this document may or may not match or may be contrary
with those of the other Research teams (Institutional, PCG) of Seven Star FX Lt
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