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...
Despite rejection from 1.5539 levels , outlook in GBPUSD remains on the upside , resistance comes at the 1.5539 levels , sustained breakout – daily closing – above this level will target 1.5619 levels , a halt is likely , but a clear break will pave the way towards the 1.5785 levels , further upside will target the 1.5941 levels …
On the downside , support comes at the 1.5393 levels , a failure to hold below the 1.5393 levels on a daily closing basis could mean a return to the 1.5551…Continue
Finally , the EURUSD broke out of sideways range yesterday , topped at the 1.1379 levels and bottomed at the 1.1182 levels . This development leaves the pair targeting the 1.1087 levels , a halt is likely but a cut would open 1.0965 next , further down will target the 1.0835 levels .
On the upside , resistance comes at the 1.1278 levels ahead of the 1.1379 levels (main) , stability below both levels will keep the pair under pressure , however , sustained breakout – daily closing above…Continue
Outlook in AUDUSD remains on the upside as long as 0.7836 support holds on a daily closing basis , resistance comes at the 0.7900 levels , a halt is likely , but a break would open 0.7965 next , further upside will target the 0.8077 levels.
On the downside , support comes at the 0.7836 levels , losing this level on a daily closing basis will bring a corrective pullback and open main support at the 0.7739 levels before the next rise , however ; sustained breakout , daily closing below…Continue
Outlook in GBPUSD remains on the upside as long as 1.5342 /1.5414 support holds on a daily closing basis , resistance comes at the 1.5540 levels , a halt is likely but a break would open 1.5700 next , further upside will target the 1.5880 levels .
On the downside , support comes at the 1.5414 levels , losing this level should weaken the current bullish run for retesting main support at the 1.5342 levels before the next rise , however ; sustained breakout – daily closing – below…Continue