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 GBPJPY remains neutral at the moment , resistance comes at the 174.30 levels , break of the 174.30 levels on a daily closing basis will print support at the 172.64 levels and recapture the 175.36 levels , If this important resistance is taken out , expect the pair to flyby towards the 176.20/177.40 levels and possible higher towards the 178.50 levels….
On the downside , support comes at the 172.36 levels , sustained trading below this level will extend losses towards the…Continue
Outlook in USDCAD remains on the upside as long as support 1.0795/1.0865 holds on a daily closing basis , resistance comes at the 1.0945 levels , a halt is likely , but further gains will pave the way towards the 1.1025 levels ahead of the 1.1075 levels…
On the downside , support comes at the 1.0865 levels ahead of the 1.0795 levels (main) , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.0737/1.0710 levels before the next rise…….
The AUDUSD maintained a bearish momentum yesterday , bottomed at the 0.9302 levels and topped at the 0.9387 levels .This development leaves the pair targeting the 0.9256 levels , a halt is likely , but losing this level on a daily closing basis will open 0.9200 next , further downside will aim the 0.9135 levels…..
On the upside , resistance comes at the 0.9330 levels ahead of the 0.9387 levels ( main ) , break of the 0.9387 levels on a daily closing basis , will turn outlook neutral…Continue
Outlook in EURUSD remains on the downside as long as resistance 1.3458 holds on a daily closing basis , support comes at the 1.3390 levels , sustained trading will open 1.3310 next , further losses will aim the 1.3220 levels……..
On the upside , resistance comes at the 1.3458 levels ahead of the 1.3529 levels (main) , break of 1.3529 on a daily basis will turn outlook neutral for retesting the 1.3561/1.3627 levels before the next fall…….
In all , as long as resistance…Continue