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 EURUSD continued its bullish momentum last week , printed support at the 1.3706 levels , broke above the key resistance 1.3892 and took out the long term resistance line that falling from the 1.6035 levels ( 2008 high ) and the 1.4939 levels (2011 high ) . This development leaves the pair targeting the 1.4035 levels ,where a halt is likely , but break of the 1.4035 levels will call for a run to the 1.4185 levels , further out will aim the 1.4350 levels.
On the downside , minor…Continue
The EURUSD maintained a strong bullish momentum yesterday , printed support at 1.3720 levels . This development leaves the pair targeting the 1.4000 levels where a breach will turn focus on the 1.4120 levels , further out will aim the 1.4280 levels.
On the downside , minor support comes at 1.3832 levels , stability above this level will build strong pressure on the 1.4000 levels, losing the 1.3832 levels would open 1.3775 next , below 1.3775 will look for main support at the…Continue
The Crude Oil maintained a strong bearish momentum yesterday , topped at the 103.50 levels and bottomed at the 100.83 levels .now pressure will be on the key support 100.83….
The Crude Oil will have to hold below the 100.83 levels on a daily basis to push the market for further downside losses , If seen It will target the 99.60 levels , where a breach will turn focus on the 98.00 levels , further losses will aim the 96.50 levels.
Alternatively , a failure to hold below the…Continue
As shown on the 4 hour chart below , the EURUSD pair is trapped inside a triangle , with potential break to the upside , note that the pair was rejected from the key support 1.3693 with bullish divergence , resistance comes at 1.3750 levels , break of 1.3750 will have large bullish implication and should recapture the 1.3825 levels , a breach is very likely , If seen , the first assumed target at 1.3900 levels will be reached .
On the downside , support comes at the 1.3693 levels ,…Continue