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 remains on the upside as long as support 1.2485 holds on a daily closing basis , resistance comes at the 1.2570 levels , a break would open 1.2630 next , a halt is likely but a breach will pave the way towards the 1.2725/1.2770 levels.
On the downside , a failure to hold gains above the 1.2570 levels could mean a return to the 1.2485 levels , a halt is in sight , but losing the 1.2485 levels on a daily closing basis should weaken the current bullish run and open…Continue
Outlook in EURUSD remains on the upside as long as 1.2383 support holds on a daily closing basis , resistance comes at the 1.2485 levels ,break of 1.2485 will turn focus on the 1.2550 levels , a halt is strongly suggested , the pair might resume the downtrend from this point , however ; break of the 1.2550 levels will open 1.2630 next , further upside will aim the 1.2725 levels.
On the downside , support comes at the 1.2408 levels ahead of the 1.2383 levels (main) , sustained…Continue
Outlook in USDJPY has turned to the downside as long as 119.91 resistance holds on a daily closing basis , support comes at the 117.70 levels, losing this level on a daily closing basis will open 116.57 levels , a halt is likely , but a cut would open 115.00 next , further down will pave the way towards the 113.50 levels.
On the upside , a failure to hold losses below the 117.70 levels could mean a return to the 119.91 levels , a halt is likely , but a break will restore the upside…Continue
Yesterday , the EURUSD declined from the daily resistance at 1.2455 levels and closed at the 1.2369 levels . As a result outlook in EURUSD remains neutral with risk to the downside , stability below the 1.2455 levels on a daily closing basis could mean a return to the 1.2343 levels where a cut will open 1.2446 next , further losses will pave the way towards the 1.2180/1.2100 levels.
On the upside , resistance comes at the 1.2455 levels , break of 1.2455 levels on a daily closing…Continue