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 USDJPY has turned neutral at the moment, support comes at the 121.04 levels while resistance comes at the 121.47 levels.
On the downside, sustained break below the 121.04 levels will put the pair in a pullback mode for retesting main support at the 120.72 levels, a halt is likely buy If 120.72 give away, expect a free fall to the 119.89/119.67 levels, a…Continue
Intraday outlook in GBPUSD has turned neutral at the moment, support comes at the 1.5510 levels ahead of the 1.5446 levels (main), stability above support levels will keep pushing upwards towards the 1.5637 levels, a halt is likely but a break would open 1.5730 next, further upside will recapture the 1.5815 levels.
On the downside, stability below the 1.5520 levels should weaken recent recovery and turn focus on main support 1.5446 , If 1.5446 gives away, expect further weakness…Continue
The EURUSD continued its bearish momentum yesterday, topped at the 1.1151 levels, and bottomed at the 1.1061 levels. Now focus will shift on the key support 1.1061 ?!!!
The EURUSD will have to hold below the 1.1061 levels on a daily closing basis to push the market for further downside losses, If seen, focus will shift on the 1.0950 levels, a halt is likely and reversal may occur here, However; If the market fails on the 1.0950 levels, expect further weakness towards the 1.0800…Continue
The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.The German PPI index remains unchanged 0.1% in April as the previous month, missing forecast at 0.2% .
This development will keep the pair under heavy pressure with risk to test the key support 1.1065 where a cut is very likely , however; If seen , look for 1.1025 levels as next target……..
In all, as long as the pair trades below 1.1130 resistance (broken support), further down…Continue