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 GBPUSD continued its bullish momentum yesterday , printed support at the 1.6245 levels and topped at the 1.6408 levels , this development leaves the pair targeting the 1.6500 levels, a halt is likely , but further upside will aim the 1.6630 levels ahead of the 1.6740 levels..
On the downside , support comes at the 1.6245 levels , sustained trading – daily closing – below this level will terminate he current bullish run and turn outlook towards the 1.6051 levels…
In all ,…Continue
Outlook in EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2930 levels , a failure to hold above the 1.2930 levels on a daily closing basis could mean a return to the 1.2833 levels , a cut will resume the whole fall towards the 1.2730 levels , a halt is likely , but losing the 1.2730 levels will continue losses towards the 1.2600 levels ahead of the 1.2450 levels..
On the upside , resistance comes at the 1.2930 levels , sustained trading – daily…Continue
Outlook in GBPUSD remains neutral at the moment , recovery mode above the 1.6230 levels is expected to be limited by the 1.6360/1.6467 levels , however ; sustained trading – daily closing – above the 1.6467 levels will turn outlook bullish towards the 1.6615/1.6738 levels before the next move…
On the downside , minor support comes at the 1.6230 levels , a clear break – daily closing- below this level should weaken the current bullish correction , If seen , focus will be on main…Continue
Finally , after consolidating below the 1.2962 levels for a couple of days , the EURUSD has declined towards the 1.2850 levels . Outlook remains on the downside , resistance comes at the 1.2920 levels ahead of the 1.2994 levels (main) , sustained trading – daily closing above the 1.2994 levels will put the pair in recovery mode , but upside gains above the 1.2994 levels should be limited strongly by the 1.3080/1.3159 levels ..
On the downside , support comes at the 1.2850 levels ,…Continue