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...
Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6524 levels , a failure to hold above the 1.6524 levels on a weekly closing basis could mean a return to the 1.6051 levels , a cut will resume the whole fall towards the 1.5853 levels , a halt is likely , but losing the 1.5853 levels will continue losses towards the 1.5500 levels.
On the upside , resistance comes at the 1.6259 levels ahead of the 1.6524 levels (main) , sustained trading…Continue
Outlook in EURUSD remains on the downside as long as resistance 1.2920/1.2994 holds on a weekly closing basis , support comes at the 1.2825 levels , losing this level will accelerate the bearish move towards the 1.2735/1.2660 levels . A halt is likely , but further losses will pave the way towards the 1.2500 levels . At this point I’d expect strong support above the 1.2500 levels to contain fall from the 1.3993 levels and bring rebound. If 1.2500 fails , expect to see a free fall towards…Continue
The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6245 levels and topped at the 1.6408 levels , this development leaves the pair targeting the 1.6500 levels, a halt is likely , but further upside will aim the 1.6630 levels ahead of the 1.6740 levels..
On the downside , support comes at the 1.6245 levels , sustained trading – daily closing – below this level will terminate he current bullish run and turn outlook towards the 1.6051 levels…
In all ,…Continue
Outlook in EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2930 levels , a failure to hold above the 1.2930 levels on a daily closing basis could mean a return to the 1.2833 levels , a cut will resume the whole fall towards the 1.2730 levels , a halt is likely , but losing the 1.2730 levels will continue losses towards the 1.2600 levels ahead of the 1.2450 levels..
On the upside , resistance comes at the 1.2930 levels , sustained trading – daily…Continue