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 bullish momentum yesterday ,topped at the 1.4969 levels and printed support at the 1.4811 levels .This development leaves the pair targeting the 1.5080 levels , a halt is likely , but a break would open 1.5162/1.5220 next , further upside will aim the 1.5375 levels.
On the downside , support comes at the 1.4811 levels , losing this level on a daily closing basis will turn outlook neutral and open the 1.4680 levels before the next possible rise , however ; a…Continue
Outlook in EURUSD has turned neutral , the pair remains in recovery mode as long as trades above 1.0706 levels on a daily closing basis , resistance comes at the 1.0762 levels , a halt is likely , but a clear break would open 1.0886 next ,further upside will aim the 1.1036 levels ..
On the downside , support comes at the 10706 levels , sustained breakout below this level will restore the downside momentum and open 1.0618 ahead of 1.0531/1.0461 levels …
In all as long as 1.0706…Continue
The USDJPY maintained a bearish momentum yesterday , topped at the 119.73 levels and bottomed at the 118.78 levels . This development leaves the pair targeting the 118.120 levels , a halt is strongly suggested but a cut would open 117.50 next , further down will target the 116.70 levels.
On the upside , resistance comes at the 119.73 levels , break of 119.73 on a daily closing basis will turn outlook neutral and open 120.90 levels , however ; sustained breakout above the 120.90…Continue
Outlook in GBPUSD remains neutral at the moment , the pair is in recovery mode as long as trades above the 1.4680 levels on a daily closing basis , but recovery above the 1.4680 levels should be limited by the 1.4885 levels where fall resumption is likely ….however ; sustained breakout – daily closing – above the 1.4885 levels will extend recovery towards the 1.5009 levels before the next fall…
On the downside , support comes at the 1.4680 levels , sustained breakout – daily closing…Continue