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 EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2638 levels , a failure to hold above the 1.2638 levels on a daily closing basis , could mean a return to the 1.2546 levels , a cut will call for a fall towards the 1.2450 levels , a halt is likely , but further losses will pave the way towards the 1.2335 levels ahead of the 1.2200 levels.
On the upside , resistance comes at the 1.2638 levels , break of the 1.2638 levels on a daily closing…Continue
The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2770 levels .This development leaves the pair targeting the 1.2560 levels , a halt is likely , but losing the 1.2560 levels will turn focus on the 1.2470 levels , further downside will aim the 1.2375 levels.
On the upside , resistance comes at the 1.2685 levels ahead of the 1.2770 levels (main) , above the 1.2685 should weaken the current bearish run and open 1.2770 levels , break of 1.2770 on a daily…Continue
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy, It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the nearest future.
The FOMC announcement will be today at 18:00 GMT . They are expected to leave policy rates unchanged-with fed funds at range of zero to 0.25 percent, there was some talk about a minority expand…Continue
Outlook in AUDUSD has turned neutral with risk to the upside as long as support 08785 holds on a daily closing basis , resistance comes at the 0.8898 levels where a breach will turn focus on the 0.8950 levels , further upside will aim the 0.9111 levels.
On the downside , support comes at the 0.8785 levels , losing this level on a daily closing basis will reverse risk to the downside towards the 0.8642 levels where a cut will open the 0.8500 levels ahead of the 0.8315…Continue