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...
Recommendations: LONG positions above 1.3293 with 1.3350 & 1.3390 as next targets.
Alternative scenario:The downside breakout of 1.3293 will call for a slide to 1.3230/1.3180
Description: The pair trades above its support 1.3293, as long as this level holds,look for further upside gains towards 1.3350 & 1.3390 levels, an hourly close below 1.3293 would delay the bullish move but downside below 1.3293 is likely to be…Continue
The USDJPY declined after topping at 103.73 levels as suggested 2 weeks ago, next support is at 92.55 where rejection is strongly suggested, stability above 92.55 levels is likely to bring rebound towards 95.80 levels ahead of 100.00 levels.
On the downside , stability below 92.55 on a weekly closing basis will have large bearish implication towards 84.00 ahead of 80.00 levels.
Recommendations : Buy the pair after rejection on daily from/above 92.55 levels with target towards…Continue
Important points and notes:
1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- I highly recommend using divergences techniques, to find possible turning point during the month !
3- The recommended time frame , the 1 hour and below.
4- You can also use chart pattern, candlesticks, trend lines and price action to find possible turning point!
5- These levels would help…Continue
The GBPUSD continued to maintain its bullish momentum last week, topped at 1.5737, and closed at 1.5703.
With the break of 1.5683 levels, next resistance would be 1.5900, stability above 1.5900 on a weekly closing basis will open the way towards 1.6200 levels.
On the downside , support is at 1.5630 ahead of 1.5487, as long as the pair trades above those levels, it’s likely to return to its upside bais with risk towards 1.5800/900 levels, losing 1.5487 will turn…