The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…See More
Eurusd monday targets closest prices 1.2409,1.2431,1.2450(major price action target for buy resumption).But with being a monday and we expect news from germany by 11:00.Market speed may increase to push the buy up.Also stop loses on eurusd should be kept at 1.2379 as eurusd also has more strength to reverse to this strong support of 1.2379,for interested sellers in this price zone,you can play little lots for small capital accounts as the sell may not last too long for monday if it happens to…See More
EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…See More
VIT Weekly Analysis Review of Euro Dollar / US Dollar (EURUSD)as of 21/11/14 Volatility AnalysisOn 21/11/14, Euro Dollar / US Dollar closed down -0.0138 at 1.2388 Period Statistical Change10-period 16.7417 0.3021-period 13.3918 -0.1039-period 12.8105 0.1690-period 16.4259 -0.07 Bollinger Bands are 118.61% wider than normal. Euro Dollar / US Dollar is currently experiencing very high volatility as…See More
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