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...
Intraday Forecast in EURUSD remains on the downside as long as resistance 1.2465 holds on a 4 hour closing basis , support comes at the 1.2400 levels where a cut will open 1.2360 next , further losses will aim the 1.2360 levels .
On the upside , resistance comes at the 1.2465 levels , break of 1.2465 levels would open 1.2503 next , a halt is likely but a breach would open 1.2550 levels ahead of the 1.2600 levels .
In all , as long as resistance 1.2465 holds on a 4 hour closing…Continue
Despite losing the upside momentum , outlook in USDJPY remains neutral with risk to the upside as long as support 117.35 holds on a daily closing basis , a failure to hold below the 117.35 levels on a daily closing basis could mean a return to the 118.36 levels , break of 118.36 on a daily closing basis would open 120.00 next , a halt is likely , but further upside will pave the way towards the 121.15 levels ahead of the 122.50 levels .
On the downside , support comes at the 117.35…Continue
Outlook in GBPUSD has turned neutral at the moment , the pair remains in recovery mode as long as support 1.5720 holds on a daily closing basis , next resistance comes at the 1.5775/1.5823 levels , a halt is likely , but a breach will extend recovery towards main resistance at the 1.5945 levels before the next fall, however ; a clear break above the 1.5945 levels will turn outlook bullish towards the 1.6085/1.6183 levels.
On the downside , support comes at the 1.5720 levels , losing…Continue
Outlook in EURUSD is neutral at the moment , the pair remains in recovery mode as long as support 1.2440 holds on a daily closing basis , next resistance comes at the 1.2503 levels , sustained trading – daily closing – above the 1.2503 levels will open main resistance at the 1.2600/1.2630 levels where fall resumption is suggested , however ; a clear break above the 1.2630 levels on a daily basis will turn outlook bullish towards the 1.2886/1.2994 levels.
On the downside , support…Continue