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 EURUSD continued to move in tight rang the past few days , printed resistance at the 1.3824 levels yesterday .This development leaves the pair targeting the 1.3750 levels where a breach will turn focus on the 1.3710 levels , further downside will aim the 1.3665 levels.
On the upside , resistance comes at the 1.3824 levels , break of 1.3824 levels on a daily basis would recapture the 1.3865 levels , If this resistance is taken out , expect the pair to strengthen further towards the…Continue
The GBPUSD continued its bullish momentum last week , bottomed at the 1.6656 levels and topped at the 1.6840 levels . This development leaves the pair targeting the 1.6920 levels where a breach will turn focus on the 1.7040 levels , further upside will aim the 1.7185 levels.
On the downside , support comes at the 1.6656 levels ahead of 1.6563 (main) , stability above support levels will keep pushing towards the 1.6920 levels , however ; sustained trading – weekly closing –…Continue
The EURUSD halted its gains last week , topped at the 1.3864 levels and bottomed at the 1.3789 levels. Outlook in EURUSD turns neutral with risk to the upside , resistance comes at the 1.3865 levels , sustained trading above this level would challenge the 1.3905 levels , a break would open 1.3966 next , further upside will open 1.4030 levels where a breach will turn focus on the 1.4170 levels.
On the downside , losing the 1.3789 levels would open main support at the 1.3695 levels, a…Continue
Recommendations: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue