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EUR/NOK dip under 8.00 seems possible

If we analyze EUR/NOK weekly chart we can see that some important upper levels were rejected and rate is going down. Presently it is in 8.10 - 8.20 range and as upside seems to be limited most probably we could see dip under 8.00 during coming month
In order to determine possible rate more precisely daily EUR/NOK chart was used. It is predicted that upside momentum will be followed by sharper dips and rate by the 1st of July 2014 will be near 7.9785.
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GBP/JPY inside tight range

If we analyze GBP/JPY weekly chart we can notice that between sharp movements up and down there are also prolonged periods and during it rate is struck in tight range. Presently rate also seems to be in such a period. Furthermore presently rate is on highs last seen more than 5 years ago and this will also prevent rate from quick moves upwards. Downside also might be limited for some time as JPY presently is on weakening path.
For more exact rate determination daily GBP/JPY chart was used. It is…
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EUR/JPY slight down expected

If we analyze EUR/JPY performance we can notice that pair has periods during whose it movement is not so big. It seems that pair is in such period now and struggles to go downwards.
In any case downside is more likely due current ECB policy but taking into account BoJ policy it is doubtful that such downside will be substantial. Thus I think rate will reside in tight range for coming weeks and at 1st of April will be around 137.50 level. Possible rate developments are depicted in daily EUR/JPY c…
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EUR/NOK important 8.55 mark insight again

After NOK interest rate decision despite it was not changed NOK weakened a lot in the light of possible rate cut in nearest future. After this sharp move EUR/NOK reached around 8.35 highs and thus important 8.55 mark is in sight again. Mentioned rate development could be seen in weekly EUR/NOK chart.
As NOK weakening is in progress it is likely that rate will come even closer to 8.55 mark but it is unlikely it break it in nearest future as ECB steps for combat with prolonged period of low inflat…
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USD/PLN escape from tight range likely

If we analyze USD/PLN weekly chart we can notice that rate is in tight range for some time. But this range is quite tight and it is likely that it will be broken in either side. Actually taking into account economic situation in EZ and the fact that PLN rates were significantly decreased several times but it didn't substantially reflected on exchange rate it is likely that rate will rocket higher in the nearest month. For more precise definition of possible rate movements daily USD/PLN chart was…
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EUR/USD recovery expected

After failing to break 1.40 EUR/USD sustainably goes down. This is substantiated by ECB easing measures including rate cuts. But as rate cuts is nearly exhausted I think that EUR should regain in coming month. Such view is also supported by analyzing weekly EUR/USD chart.
We can see from the chart that EUR/USD tested 1.35 area for several times before breaking it. I think that there is potential to return to this area.
For more precise possible price action daily EUR/USD chart was used.
It is ex…
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USD/SGD slight increase expected

USD/SGD rate went down for some time but presently seems that it is regaining. If we analyze USD/SGD weekly chart we can see that rate a lot of time resided near 1.25 area.
As presently is summer time I think that rate will climb near this round figure in coming month and will reside somewhere near. For more precise rate developments daily USD/SGD chart was used.
It is expected that rate will climb up steadily and at 1st of September, 2014 will be near 1.25.
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"Magnetic" 1.03 level still in sight

USD/CAD seemed to go up then rate rocketed till around 1.13 few months ago. But move higher was capped and rate retreated quite substantially before returning to upside direction. These developments could be seen in USD/CAD weekly chart.
As can be seen few weeks ago rate was only around 300 pips from magnetic level but rate journey down ended and rate rebounded. But todays Canada GBP result was slightly better than forecast and it seems that upside momentum is in the risk of fading. Thus it is e…
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EUR/SEK consolidation above support area expected

EUR/SEK after rocketing to 9.39 started to descend. But this downward move found quite good support at around 9.14. It is doubtful if rate could break lower substantially as present SEK interest rates are at very low levels.
For more precise possible rate movements evaluation daily EUR/SEK chart was used. As bollinger lower band is also at around 9.11 presently it is one more aspect that 9.14 represents good support area. But from the other side upside seems to be limited due to fact that rate f…
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EUR/NOK rebound expected

EUR/NOK spiked to 8.55 level alongside with EUR/SEK rocketing after Bank of Sweden unexpectedly lowered interest rates more than market expected. But this spike was short lived and after that rate started to go down. This is depicted in weekly EUR/NOK chart.
So rate presently is at levels before rate spiked after expectations that bank of Norway will lower interest rates. I think lowering of interest rate will occur at some point and that's why in my opinion EUR/NOK will rebound during coming mo…
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EUR/SEK round figure in sight

EUR/SEK upwards failed after EZ CPI data was announced. Fall in core prices led to EUR weakening across the board including EUR/SEK also. This event in my opinion signals that downward direction in coming month for this pair will prevail. It could be seen from EUR/SEK weekly chart below that important support level around 9.14 is under assault and it might be broken soon. Further support area seems could emerge around round figure - 9.00.
Based on considerations above and using daily EUR/SEK cha…
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EUR/NOK downside limited

EUR/NOK rate went down after EZ CPI data was released. It followed another downside which was in place when Bank of Norway kept interest rates unchanged. These developments could be seen in weekly EUR/NOK chart.
As is depicted in chart above rate presently is at important 8.10 level which proved to be good support few months ago. As this level was not broken at mentioned time and possibility that Bank of Norway will lower interest rates in quite near future in my opinion will help mentioned supp…
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Retreat from highs expected

USD/SGD is on highs last seen in the middle of 2013. Broad USD strength is seen across the board and now I think for some week rate will be in process of further direction determination. Mentioned developments could be seen in weekly USD/SGD chart below.
In my opinion during coming moth rate will fluctuate inside quite narrow range before further direction will be determined but this might happen only at the beginning of next year. For more exact possible rate developments determination daily US…
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EUR/USD seems locked in tight range

As end of the year approaches and different developments in FX rates might occur it is quite difficult to predict exchange rates. But presently EUR/USD sits in quite tight range and it might be a case that this range will remain till end of the year. In weekly EUR/USD chart we can see that EUR/USD movements are quite limited at the moment.
It also could be mentioned that bollinger bands on weekly chart are quite wide but movements are still very limited.
For more precise determination of possibl…
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GBP/USD possibility for upside likely

GBP/USD after hitting year highs near 1.72 retreated substantially. If we analyze weekly GBP/USD chart we can notice that rate is even lower than levels seen in last quarter of 2013 which was quite good support for rate at that time.
As in my opinion there is no big difference in fundamentals between now and one year ago I think rate might gradually return to those levels till end of the year. For more precise possible rate developments daily GBP/USD chart was used.
Based on assumptions above it…
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USD/CAD new "magnetic" level formation in process

If we look few years back we can notice that USD/CAD very often fluctuated around 1.03 level and any upsides or downsides later on ended with returning to this 1.03 "magnetic" level. This could be seen in weekly USD/CAD chart.
Presently rate moved higher and new level seems to be attracting rate - 1.13. This could be seen in daily USD/CAD chart.
Based on assumptions above it is expected that USD/CAD rate will be near new "magnetic" level at the time of settlement.
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USD/SGD movements in new range expected

USD/SGD spiked higher than 1.30 but failed to remain in above 1.30 territory and returned under 1.30. If we analyze weekly USD/SGD chart we can see that pair usually moves in some range before escaping from certain range and finding new one.
Presently it seems that rate after failing to permanently reside above 1.30 is in the process of finding new area for coming weeks movement. It is expected that this area will form under 1.30 mark.
For more precise rate movement prediction daily USD/SGD char…
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EUR/USD rebound expected

From middle of last year EUR/USD went sharply down. This could be seen in chart below:
Such strong downside was invoked by geopolitical reasons, ECB rate cuts and planned stimulus. Furthermore Greece again started to be an issue as new elections is looming there.
But in any case EUR is quite strong currency and it might recover. If we look at daily chart and keep in mind magic of round figures we can expect that EUR/USD rate at the time of settlement will be around 1.20:
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USA500 tumbles around 2100

USA500 index is stuck in relatively narrow range for some period of time. This can be seen in weekly chart below.
As quite impressive upside route seems to be struggling to continue I think that USA500 value will hover around 2100 during whole August and end month somewhere near this mark. More detailed possible value movements might be seen in daily chart below:
Thus it is expected that movements during August will not be so big and at the start of September it value will be near 2100.
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EUR/USD might head to round figure

EUR/USD crossed 1.20 mark several times recently and presently is above it by few hundred pips. But as FED has path for hiking and ECB at the moment seems not go for it in the nearest future in my opinion rate might head to round figure 1.20 in the coming weeks.
Such prediction might also be supported by analysis of EUR/USD daily chart. It cal be seen that rate was near 1.20 mark during prolonged time before spiking and going away it. But as such move was capped just above 1.23 I think rate migh…
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