Free Forex Signals – Bears Watching Fed Minutes

EURUSD Daily Analysis: The US Dollar rallied hard against most currencies yesterday, including the Euro as key support at 1.3330 was blown out to reach as low as 1.3275. Technically we remain bearish on the pair and are looking to sell into rallies. US Fed minutes are due out at 18:00 today which could cause some turbulence as market participants digest the minutes for any hint of an interest rate hike timeline. General consensus is that the first rate hike will be early to mid 2015, and that bond and mortgage purchases will end in October of this year.r

4h Chart

Our Preferred Trades*: We remain bearish on the pair below 1.34 and are looking to fill a sell limit at 1.3330, SL @ 1.3365 (above recent lows), TP @ 1.3230.

Long-term Trend Analysis Chart

Yesterday's EURUSD SwingPRO Signal Result: No EU trades taken yesterday.

Today's SwingPRO Signal: Short on support breaks. See preferred trade above.

*CandlePRO: CandlePRO can be used in conjunction with our daily analysis and "our preferred trades." For example, if we prefer "going short" or "selling a rally" then we would look for bearish candlestick signals after a rally or near resistance levels. Alternative if we prefer "going long" or "buying a dip" then we would look for bullish candlestick signals on price drops or near support levels.

Today's Important News Events:

Date Time (UTC) Event Actual Forecast Previous
Wed
Aug 20
04:30 JPY All Industry Activity Index (MoM) (JUN) -0.4% -0.4% 0.6%
08:30 GBP Bank of England Minutes
18:00 USD Fed Releases Minutes from July 29-30 FOMC Meeting
23:50 JPY Japan Buying Foreign Bonds (Yen) (AUG 15) ¥232.6B
23:50 JPY Japan Buying Foreign Stocks (Yen) (AUG 15) ¥175.7B

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  1. Profile photo of izuchukwu
    izuchukwu
    August 20, 2014 at 19:10 Reply

    seems the FOMC meeting gave the dollar a pat on the back…so much profit made from the bears….wow!!….the party goes on break for a while at 3209….before resuming bk toward 3100 zones…am loving my usd

  2. Profile photo of d
    d
    August 20, 2014 at 20:15 Reply

    well done @izuchukwu… party is all yours ;-)

    • Profile photo of izuchukwu
      izuchukwu
      August 21, 2014 at 02:00 Reply

      thks dragan,the bulls are welcome to av som fun at 3209..cos we might pull bk above 3300…b4 the final showdown….lets see

      • Profile photo of d
        d
        August 21, 2014 at 14:13 Reply

        again good fundamentals for $ and bad for euro… despite we go a bit up… i would expect lots of selling on the market now… that’s probably the reason for temporary raise…
        cheers
        d

  3. Preetish Banerji
    August 21, 2014 at 15:25 Reply

    Thursday, August 14, 2014
    9:11 PM
    the chart of EUR/USD ATTACHED.

    • Profile photo of PipHut Team
      PipHut Team
      August 21, 2014 at 15:27 Reply

      Hi Preetish, looks like the image didn’t attach..

  4. Preetish Banerji
    August 21, 2014 at 15:37 Reply

    i ATTACHED A FILE NOW.IF IT DOES NOT LOAD I WILL TRY LATER ON.

  5. Preetish Banerji
    August 21, 2014 at 15:43 Reply

    how about this documeny.

    • Profile photo of PipHut Team
      PipHut Team
      August 21, 2014 at 15:58 Reply

      What kind of file are you trying to upload? If you are not sure what is the file extension (.jpg, .gif, .png, etc.)?

  6. Preetish Banerji
    August 21, 2014 at 17:00 Reply

    It is a .png file

  7. Preetish Banerji
    August 21, 2014 at 17:01 Reply

    .png file of eur/usd

  8. Preetish Banerji
    August 21, 2014 at 17:06 Reply

    http://www.mql5.com/en/charts/2267710/eurusd-h1-agea-jinrong-doo
    https://charts.mql5.com/5/503/eurusd-h1-agea-jinrong-doo.png

    [img]https://charts.mql5.com/5/503/eurusd-h1-agea-jinrong-doo.png[/img]
    the above links will show you the charts

  9. Preetish Banerji
    August 22, 2014 at 05:00 Reply

    Please give comment on eurusd chart can be accessed from links given below
    http://www.mql5.com/en/charts/2269075/eurusd-m30-agea-jinrong-doo
    https://charts.mql5.com/5/505/eurusd-m30-agea-jinrong-doo.png
    Link to this page:
    Image
    2014.08.22 06:52

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