As shown on the monthly chart below , the EURUSD printed resistance at 1.3710 levels - Feb 2013 - this top was confirmed by the bearish divergence of %(R) Williams indicator, 2 months ago; 1.3710 was rejected with bollinger bands reversal pattern , the pair printed a new resistance at 1.3832 , with both levels intact , further decline is suggested towards 1.3104 first , below 1.3104 will aim 1.2754 levels.On the upside, the pair needs to break and hold above 1.3832 levels on monthly basis,If…See More
It was a volatile Thursday yesterday as the EUR/USD dropped to 1.3540 and then reversed to 1.3675 following the mr.Draghi's optimistic speech. Currently the pair is consolidating at the top, preforming small correction moves. Today's support is at 1.3620-30, then 1.3580 and 1.3560. They are too close and won't be broken by Friday's profit taking. To break them we need a lot better than expected and also than previous NFP, something in which i really doubt. We have a 'flag' to the upside but…See More
Good Morning all, as we have seen a very strong pullback in Euro and it was not because of Draghi or Ben, it was more or less base on to many short orders in the market. well today we have 2 important Support line 3630 and 3609 which has to hold to see 3715 first. We have an Elliott impulse Wave showing up to 3740 and Pivot point at 3630 for today looking to chart we have important levels to wtach:Reversal High: 3701 and Break out High : 3740Pivot: 3629Reversal Low: 3629 and Break Out Low:…See More
Recommendations: LONG positions above 1.6299 with 1.6340 & 1.6403 as next targets.Alternative scenario:The downside breakout of 1.6299 will call for a slide to 1.6257/197 .Description: The pair finds support at 1.6299 levels, stability above this level could mean a return to the 1.6340/1.6403 levels, stability above 1.6403 will challenge 1.6440 levels , break of 1.6440 would open 1.6495 ahead of 1.6615 levels.On the downside , losing 1.6299 on hourly basis will reverse risks to the…See More
"Hi Brian Sadly I only have USDZAR on my demo took a short at 10.4522 with target 10.2500. I think it is a good trade if you want it.
AUDNZD looks like a good buy but I would enter at about 1.1045 with target 1.1115."
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