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 remains on the downside as long as resistance 1.6610 holds on a daily closing basis ,support comes at the 1.6535 levels , losing this level will open 1.6440 levels , a halt is likely , but further losses will aim the 1.6330 levels…
On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6678/1.6738 levels before the next fall….
In all , as long as resistance 1.6610 holds on a…Continue
Outlook in EURUSD remains on the downside as long as resistance 1.3216 holds on a daily closing basis , support comes at the 1.3155 levels , losing this level will open 1.3080 next , further losses will aim the psychological level 1.3000..
On the upside , resistance comes at the 1.3216 levels , sustained trading – daily closing – above this level will turn outlook neutral for retesting the 1.3295/1.3363 levels before the the next fall , above 1.3363 would recapture main resistance at…Continue
Outlook in USDCHF remains on the upside as long as support 0.9103 /0.9022 holds on a weekly closing basis , resistance comes at the 0.9249 levels . At this point I’d expect strong resistance from the 0.9155/0.9249 levels to limit rise from the 0.8702 levels and bring reversal , however ; sustained trading – weekly closing – above the 0.9249 will have large bullish implication towards the 0.9332/0.9455 levels .
On the downside , support comes at the 0.9103 levels ahead of the 0.9022…Continue
Outlook in USDJPY remains on the upside as long as support 103.07 / 102.23 holds on a weekly closing basis , resistance comes at the 104.18 levels , sustained trading above the 104.18 levels is needed to resume the upside offensive , If seen , the pair will target the 105.43 levels , a halt is likely, but further upside will aim the 106.95 levels…
On the downside , a failure to hold gains above the 104.18 levels could mean a return to the 103.07 / 102.23 levels ,a halt is likely ,…Continue