Over the weeks my predictions on EURGBP has been fascinating with the pair respecting certain resistance and support levels,ahead of tuesday certain close prices should be watched out,this currency is close to two major prices,one a support presently at 0.7906 and a resistance at 0.7929.Through out today on 1 hour time frame the currency started buy from support 0.7906 and tried testing the resistance of 0.7929 and retraced.
My projections on this pair is sell resumption at price…Continue
Added by emmanuel essien on November 24, 2014 at 9:57pm — No Comments
The first 22 hours of this week showed contradict waves versus US Dollar strength & weakness, between the European Market "EURUSD, GBPUSD" and the Far-East Market "AUDUSD, NZDUSD"
During the first 4 hours on 1 hour TF, all started the week with a bullish momentum, than from the 5th hour AUDUSD & NZDUSD start a bearish wave where AUDUSD…Continue
Added by Tony - FXS Admin on November 24, 2014 at 9:00pm — No Comments
Added by Tony - FXS Admin on November 24, 2014 at 8:30pm — No Comments
The outlook of Germany's business executives unexpectedly revived after six straight months of decline encouraged by the return of economic growth and the European Central Bank's new focus on stimulus.
The Ifo Institute's business climate index rose to 104.7 in November from 103.2 in October for the first gain since April. Analysts in the Bloomberg survey had predicted a slight drop to 103.0.
Germany's economy had contracted 0.1 percent in the second quarter exciting fears…Continue
Added by Joseph Trevisani on November 24, 2014 at 7:23pm — No Comments
EUR USD 5 Min:
Today EU oscillated round opening price making it look like it was a non trend day then went on to reach a high of the day which was greater than a measured move of the low of the…Continue
Added by Constantine on November 24, 2014 at 3:56pm — No Comments
EURGBP- Maintains Its Broader Downside Bias
EURGBP- With a lower close occurring the past week, we expect further downside to occur in the new week. On the downside, support lies at the 0.7850 level where a break will expose the 0.7800 level. Further down, support comes in at the 0.7750 level where a violation will turn attention to the 0.7730 level. Its daily RSI is bearish and pointing lower suggesting further downside. On the upside, resistance lies at the 0.7950 level where a…Continue
Added by fxtech on November 24, 2014 at 3:43pm — No Comments
EUR JPY 3 Min:
Here is a trade I called with a trading buddy of mine: Price rose from open then formed an up slanting flag with no easy sell signals at all. Eventually price falls strongly to test a double bottom and…Continue
Added by Constantine on November 24, 2014 at 2:07pm — No Comments
EUR/USD traded in range for some time, but eventually lost ground and closed under 1.24. Can it extend its falls further below 1.2356?The main events this week are the preliminary inflation releases, employment data as well as another German business survey is already out today.…Continue
Added by Gary on November 24, 2014 at 12:02pm — No Comments
EUR USD 5 Min:
Today was a non trend day. By mid morning EU had hit opening price 5 times. Price hit a double bottom, measured move and entry into the first trade 1 pip above the signal candle…Continue
Added by Constantine on November 24, 2014 at 12:00pm — No Comments
Our new administrator Tony sent me his Week Ahead report. You probably have received it already by e-mail but just in case, here you have it
Happy trading week!
View PDF Version…
Added by Francesc Riverola on November 24, 2014 at 10:39am — No Comments
We are into the last week of the month of November.During month end and new month beginning time the market is known to make very volatile moves to handle the derivatives.
This time we could see more aggressive moves as we are entering into yearly trend reversal time - ie the closing on the current year and the beginning of the New Year time.So keep in mind only swing trades can be done during this time.Very frequently the sentiment will be created in a day and the next…
Added by Dr. Sivaraman on November 24, 2014 at 10:30am — No Comments
As expected, AUDUSD fell to a new low of the year last at the start of the month after we recognized a sideways price action which was wave four. After wave four you will see wave 5, which means that an impulse from 0.9500 is probably done, so traders must be aware of a new rally but of a larger degree, possibly even back to 0.8900. Ideally that will be wave B) correction, now already in progress with its three legs.
AUDUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on November 24, 2014 at 9:18am — No Comments
The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…Continue
Added by Alan Collins on November 24, 2014 at 7:38am — No Comments
Eurusd monday targets closest prices 1.2409,1.2431,1.2450(major price action target for buy resumption).But with being a monday and we expect news from germany by 11:00.Market speed may increase to push the buy up.
Also stop loses on eurusd should be kept at 1.2379 as eurusd also has more strength to reverse to this strong support…
Added by emmanuel essien on November 24, 2014 at 7:00am — No Comments
EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…Continue
Added by Vladimir Mihaylov on November 24, 2014 at 6:21am — No Comments
Invite Your Friends To Forex Street And Let Our Forex Community Grow Together!
Best Wishes In Your Trades …Continue
Added by Tony - FXS Admin on November 24, 2014 at 4:53am — No Comments
"Your Stop Loss is your step to Stop a negative trade early, when your trade is on the wrong side of a wave. Your Stop Loss needs to be like a reinforced wall."Continue
Added by Tony - FXS Admin on November 24, 2014 at 4:00am — No Comments
1- Under 1.2353 Support
2- At 1.2461 Resistance
3- At 1.2503 Resistance
4- At 1.2567 Resistance …Continue