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 GBPUSD remains on the downside as long as resistance 1.6765/1.6888 holds on a weekly basis , support comes at the 1.6563 levels , losing this levels would open 1.6450 /1.6382 next , further downside will aim the 1.6251 levels . At this point I’d expect strong support from the 1.6251/1.6450 levels to contain fall from the 1.7190 levels and bring rebound . however ; sustained trading – weekly closing below the 1.6250 levels will bring free fall towards the 1.6058 levels ahead of…Continue
Outlook in EURUSD remains on the downside as long as resistance 1.3220 holds on a weekly closing basis , support comes at the 1.3104 levels . At this point I still expect strong support from the 1.3104 levels to contain fall from 1.3993 levels and bring rebound before the next move , however ; sustained trading - weekly closing – below the 1.3104 levels will open the 1.3000 levels where a cut will open the 1.2750 levels.
On the upside , resistance comes at the 1.3220 levels ,…Continue
Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis ,support comes at the 1.6535 levels , losing this level will open 1.6440 levels , a halt is likely , but further losses will aim the 1.6330 levels…
On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6738/1.6838 levels before the next fall….however ; a clear break above the 1.6838 levels will…Continue
The EURUSD failed to break below the 1.3155 levels yesterday , rebounded towards the 1.3216 levels .At the moment , outlook remains on the downside as long as 1.3216 holds on a daily closing basis , but you need to be careful a little bit , according to smaller time frames , stability above the 1.3188 levels , could push the pair above the 1.3216 levels….sustained trading below the 1.3188 levels will open the 1.3152 levels , If this level fails , we should see the pair around the 1.3080…Continue