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: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue
The EURUSD maintained a bullish momentum yesterday , printed support at the 1.3736 levels , and topped at the 1.3810 levels . This development leaves the pair targeting the 1.3845 levels , a halt is likely , but a break would open 1.3900 next, further upside will aim the 1.3996 levels.
On the downside , main support comes at the 1.3736 levels , stability above this level will keep pushing to the upside , but losing the 1.3736 levels on a daily closing basis will open 1.3694 levels…Continue
Recommendations: SHORT positions below 1.3805 with 1.3750 & 1.3720 as next targets.
Alternative scenario: The upside breakout of 1.3805 will call for a rebound to 1.3827/45.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3805 holds on hourly basis, support comes at the 1.3750 levels , a break would open 1.3720 next, further downside will aim the 1.3690 levels. On the upside , a…Continue
The USDJPY continued its bullish momentum last week , bottomed at the 102.78 levels , broke above the 103.42 levels and topped at the 104.12 levels .As a result ; Outlook in USDJPY turns to the upside , note that as long as 100.74 holds , outlook will remain towards the 104.83 levels , that’s in general , to resume the upside offensive , sustained trading above the 103.42 is needed , If seen , focus will be on the 104.83 where a breach will challenge 105.43 levels , further upside will aim…Continue