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...
The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6621 levels . This development leaves the pair targeting the 1.6580 levels , a halt is likely , but losing the 1.6580 levels would open 1.6520 next , strong support could be seen around this level , sustained trading below the 1.6520 will turn focus on the 1.6450 levels..
On the upside , a failure to hold below the 1.6621 levels could mean a return to the 1.6710 levels , break of…Continue
Recommendations: LONG positions above 1328 with 1336 & 1341 as next targets.
Alternative scenario:The downside breakout of 1328 will call for a slide to 1322/1319.
Description: Intraday outlook in XAUUSD is neutral with risk to the upside as long as support 1328 holds on hourly basis, break of 1353 on hourly basis is needed to resume the upside offensive, If seen It will target the 1362 levels , further out will aim the…Continue
Recommendations: LONG positions above 1.3832 with 1.3910 & 1.3960 as next targets.
Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3775/1.3750.
Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, break of 1.3915 on hourly basis is needed to resume the upside offensive, If seen It will target the 1.3960/1.4000 levels , further out will…Continue
The GBPJPY continued its bullish momentum last week , printed support at the 168.82 levels . This development leaves the pair targeting the 176.30 levels , a halt is likely , but break of the 176.30 levels will open 180.00 next , further out will aim the 183.50 levels.
On the downside , minor support comes at the 170.97 levels , stability above this level will keep pushing towards the 176.30 levels , losing the 170.97 levels will open main support 168.82 before the next rise , losing…Continue