Market Forecast Ahead of US New Home Sales !

Forex-6598989

New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it’s released ahead of Existing Home Sales because the reports are tightly correlated. Today is expected to rise from 412 K to 430 K , It will be published today at 14:00 GMT , you may follow this event live @ http://www.askhaitham653.com/live-calendar/

we have 5 scenarios for the USD :

1- Scenario one : Between  412 K – 448 K , will bring sideways move for the USD.

2- Scenario two : Between 448 K – 466 K , will bring light bullish move for the USD.

3- Scenario three :above  466 K , will bring strong bullish move for the USD.

4- Scenario four : Between 396 K – 412 K , will bring light bearish move for the USD .

5- Scenario five : Below 396 K , will bring strong bearish move for the USD.

Market Impact :

EURUSD :

Trend direction : downward.

Support and resistance : 1.3000 , 1.2930 , 1.2875 , 1.2815 , 1.2785 , 1.2735 , 1.2700

Scenario 1 will bring sideways move or consolidation with possible to break lower .

Scenario 2 will break below the nearest support .

Scenario 3 could break below 2 support levels.

Scenario 4 will test the nearest resistance before the next fall .

Scenario 5 could break 2 levels higher before the next fall.

AUDUSD :

Trend direction : downward.

Support and resistance : 0.9000 ,0.8950 , 0.8890 , 0.8830 , 0.8785 , 0.8740 , 0.8700

Scenario 1 will bring sideways move or consolidation with possible to break lower .

Scenario 2 will break below the nearest support .

Scenario 3 could break below 2 support levels.

Scenario 4 will test the nearest resistance before the next fall .

Scenario 5 could break 2 levels higher before the next fall.

NZDUSD:

Trend direction : downward.

Support and resistance : 0.8177 ,0.8105 , 0.8040 , 0.7990 , 0.7940 , 0.7900 , 0.7850

Scenario 1 will bring sideways move or consolidation with possible to break lower .

Scenario 2 will break below the nearest support .

Scenario 3 could break below 2 support levels.

Scenario 4 will test the nearest resistance before the next fall .

Scenario 5 could break 2 levels higher before the next fall.

USDCAD:

Trend direction : Upward

Support and resistance : 1.0886 , 1.0985 ,1.1025 ,1.1130 , 1.1175 ,1.1225 ,1.1278

Scenario 1 will bring sideways move or consolidation with possible to break higher.

Scenario 2 will break above the nearest resistance  .

Scenario 3 could break below 2 resistance  levels.

Scenario 4 will test the nearest support  before the next rise .

Scenario 5 could break 2 levels lower before the next rise.

 

Good Luck….

 

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 Update :   September 24, 2014 at 3:25 pm 

US New Home Sales jump to 504 K , USD is set to rise…

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