1-Investments in financial products such as-trading foreign exchange -FOREX- on margin carries a high level of risk, and may not be suitable for all investors, the high degree of leverage can work against you as well as for you, before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite,any investment should only be done with risk capital.
2-Prices rise and fall and my past performance is no assurance of future performance.
3-I have no warranties or guarantees for my recommendations ,so I'm not responsible for any losses caused by them, you are free to follow them or not but I recommend to use my analysis as an additional tool to your trading style for more confirmations...
With breaking above the key resistance 123.30 , large bullish implications are in sight towards the 128.30 levels in the upcoming days . As a result; The USDJPY will have to hold above the 123.30 levels on a daily closing basis to push the market for further upside gains , resistance comes at the 124.70 levels, a halt is likely but a break will open 126.40 next, further upside will target the 128.30 levels where topping is strongly suggested and reversal may occur…Continue
Intraday outlook in GBPUSD has turned neutral with risk to the downside, resistance comes at the 1.5413 levels, sustained breakout – 4 hour – closing above the 1.5413 levels will suggest short term bottoming around 1.5353 levels and put the pair in recovery mode, If seen, focus will shift on the 1.5528 levels before the next fall, However; a clear break above the 1.5528 levels will extend recovery towards the 1.5700 levels ….
On the downside, a failure to hold above the 1.5413 levels…Continue
Outlook in EURUSD remains on the downside as long as 1.0959 resistance holds on a daily closing basis, support comes at the 1.0845 levels , sustained trading – daily closing – below the 1.0845 levels will target 1.0665 next, a halt is very likely but further down will pave the way towards the 1.0461 levels.
On the upside, resistance comes at the 1.0959 levels , a clear break will turn outlook neutral and open the 1.1061/1.1151 levels before the next fall…
In all, as long as…Continue
Outlook in USDJPY has turned neutral at the moment, support comes at the 121.04 levels while resistance comes at the 121.47 levels.
On the downside, sustained break below the 121.04 levels will put the pair in a pullback mode for retesting main support at the 120.72 levels, a halt is likely buy If 120.72 give away, expect a free fall to the 119.89/119.67 levels, a…Continue