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 XAUUSD continued its bullish momentum yesterday , printed support at the 1337 levels . This development leaves the pair targeting the 1365 levels where a breach will turn focus on the 1380 levels , further out will aim the 1400 levels .
On the downside , support comes at the 1337 levels , stability above this level on a daily basis will keep pushing towards the 1365/1380 levels . losing the 1337 levels will turn outlook neutral and open 1328 levels before the next possible…Continue
The GBPUSD continued its bearish correction yesterday , topped at the 1.6652 levels and bottomed at the 1.6595 levels . Now pressure will be on the key support 1.6595…
The GBPUSD will have to hold below the 1.6595 levels on a daily closing basis to push the market for further downside losses , If seen It will target the 1.6540 levels , a halt is strongly suggested and the pair might revere to the upside from that point , If 1.6540 fails on a daily basis , expect the market to weaken…Continue
Recommendations: LONG positions above 1.3832 with 1.3870 & 1.3910 as next targets.
Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3812/1.3775.
Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, a clear break above 1.3872 is needed to resume the upside offensive , If seen , It will target the 1.3915 , break of 1.3915 will open…Continue
The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6621 levels . This development leaves the pair targeting the 1.6580 levels , a halt is likely , but losing the 1.6580 levels would open 1.6520 next , strong support could be seen around this level , sustained trading below the 1.6520 will turn focus on the 1.6450 levels..
On the upside , a failure to hold below the 1.6621 levels could mean a return to the 1.6710 levels , break of…Continue