USD remained sideways for the most part. USDCAD has been rejected from 1.03193 - 1.03050 zones twice indicating pressure from top. Current price action indicate Shorts on USDCAD testing strong resistance at 1.02205 -1.02065 zone.

For Intraday Traders - Go Short at break of 1.02930 - 1.02790 zones on lower end

Sardar…

If some one would tell me to choose only one indicator to trade with, that would be the ADX. ADX is one of a kind, it is the mother and father of all indicators and I found-it to be the most complet indicator.

The ADX is a trend indicator but also an oscilator. The ADX line, the trend indicator show us A VERY IMPORTANT PIECE OF INFORMATION in a visual way, the STRENGHT of a trend. In the picture below the white line is the ADX and is an indicator of a strenght of the trend. The ADX…

After having my last post on Usd.Cad, pair is trading in series of impulse waves to complete it’s wave Y. Expected target zone for wave Y is 1.0798. Pair will pause here soon on weekly resistance. RSI also start diverging. I expect pair will be in flat correction for wave iv of [3].

Recommendation: 

Long 1/2 @  1.0233; 1/2 @ 1.02150…

EUR has reached my long targets from yesterday and is currently at the resistance line 1.2930 which is also the border of the ascending channel from 1.2047. Breaking above may happen only on dollar negative news from Mr.Bernarke, so untin that and FOMC decision i expect a range trade between 1.2860 and 1.2930, significant moves may happen in later american session or tomorrow.

GOLD is again in a stand-by, waiting for the dollar to choose direction.

For today:

LONG EUR…

EUR/USD

Buy AT:1.2918

Stop Loss:1.2904



Tp1:1.2923

Tp2:1.2932

Tp3:1.2957









Sell AT:1.2904

Stop Loss:1.2918



Tp1:1.2900

Tp2:1.2891

Tp3:1.2866

Follow Till:1.2814



GBP/USD

Buy AT:1.5183

Stop Loss:1.5141



Tp1:1.5188

Tp2:1.5197

Tp3:1.5222

Follow Till:1.5279





Sell AT:1.5141

Stop Loss:1.5183



Tp1:1.5136

Tp2:1.5126

Tp3:1.5099

Follow…

GOLD: The commodity turned off its intra-day low at 1,338 level to close higher on Monday but continues to maintain its broader downside bias. This suggests on ending the mentioned recovery it should retarget the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and possibly lower. On the upside, GOLD will have to return above the 1,488.00 level to end its broader downside and then resume its recovery. Further out,  resistance is seen at the 1,590.40 level followed by the…

my trades.3 positions 1)sell limit at 1.2940 sl 1.2972 tp 1.2850...2) sell limit at 1.2965 sl 1.3022 tp 1.2800.....3) sell limit 1.3000 sl 1.3022 tp 1.2750..stoch daily looks oversold so breakout 1.3030 might change bearish tone.gu sell at this price with 1.5222 sl tp 1.5080/85...if break 1.5070 then definitely sell with tp 1.5035 where is important support

This is my scenario:

Deutsche Bank - "After a period in the doldrums, FX has spent the last 6 months front and centre, and the relative implied vols for different asset classes bear this out. DB’s CVIX 1m implied FX vol measure as a ratio of 1m implied Bond vol (the MOVE index) is up in the 99th percentile for the last 19 years. The CVIX1m / VIX ratio is in the 93rd percentile.

There is some sense that the Fed is an important part of this vol divergence. The Fed is squashing bond vol notably at both extremes…

Most Viewed Webinars Week of May 13th -19th 2013

#1 Navin Prithyani - Pivot Points Reintroduced

#2 Sam Seiden - …

eur/jpy intraday analysis sell@ 132.39, sl@ 133.00, tp@ 131.00, estimated time = less than 24 hours

a trailing stop is suggested to use.…

Currently we are at 0.9788 trying to break out of a bear flag..  We are looking for an initial move to the double bottom @ 0.9711  then a continuation up to the S7 support  @ 0.9596. Watch for a bounce there. The current average daily trading range (ATR) is 101 pips.…

* Speculators drive Swiss franc lower vs euro and dollar

* Options show more weakness in store for Swiss franc

* UBS and Rabobank cut franc forecasts

Click on the chart for more.

(c)…

EUR/USD H1

 The pair has formed a Inverted Head and Shoulders formation while contained inside its downtrend channel and is…

M&G Investments - "Knowing how poor the central banks have been at forecasting economic indicators, and having analysed the…

Bank of America Merrill Lynch - "we continue expecting the EURUSD at 1.25 by the end of this year. Indeed, the market is now moving in this direction and our projection does not seem as out of the consensus as it seemed earlier this year. We believe that a EUR weakening beyond our projection would require a new shock from the periphery, or the ECB moving aggressively into unconventional policy territory, both of which are unlikely in the short term in our view.

(...) We prefer to…

Royal Bank of Scotland - "EUR has been supported by a rapidly improving current account surplus that is now at a Euro-era record. It has been supported by less ECB QE as banks have repaid some LTRO funds. It has been supported by a steady rebound in periphery assets (Spain and Italian 10 year spreads over bunds are around the lows since July 2011, and their outright yields are at lows since July 2010). However, it has been weakened by an ECB rate cut and a preparedness to discuss negative…

UBS - "USDCAD BULLISH Initial resistance is at 1.0296, a break above this would open 1.0342 and then 1.0447. Support is at 1.0199.

AUDUSD BEARISH Any upside will be correction, unwinding the overextended downside conditions. Resistance is at 0.9831 ahead of 0.9918. The broader focus is for a test of major support at 0.9582.

EURCHF BULLISH With bullish trend in place, focus is on resistance at 1.2525, a break above which would open 1.2569. Support is at 1.2436 ahead of…