USDCHF: Faces Corrective Pullback Risk USDCHF: With USDCHF unable to follow through higher on the back of its previous week, it faces the risk of a pullback in the new week. On the upside, resistance resides at the 0.9200 level where a break will aim at the 0.9250 level. Further out, resistance resides at the 0.9300 level. A breather may occur here and turn the pair lower. On the downside, support lies at the 0.9150 level with a break targeting the 0.9100 level and then the 0.9050 level.…Continue
Added by fxtech on August 30, 2014 at 3:27pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.3140. The pair is close to our near term target of 1.3088. We are looking for a short correction up to start a 4th wave up before the resumption to the downside. The average daily true range (ATR) for the pair currently is 52 pips.
Added by Scott Barkley on August 30, 2014 at 2:18pm — No Comments
Added by Rocky Master on August 30, 2014 at 12:41pm — No Comments
Some Points to Remember
Added by Omkar Godbole on August 30, 2014 at 8:30am — No Comments
Currently we are at 1.7748 in a bear flag. If we get a break of the flag we are looking for a continuation to the 1.270 Fibo Support area @ 1.7650. The average daily true range (ATR) for the pair currently is 93 pips.…Continue
Added by Scott Barkley on August 29, 2014 at 1:33pm — No Comments
This Top Ten gathers the most powerful and influential banks in the world for this year 2014. Discover which bank is ranked at top of the biggest bank in the world.
Added by Ron Schelling on August 29, 2014 at 12:42pm — No Comments
GBPUSD: Vulnerable, Loses Upside Steam
GBPUSD: GBP closed slightly higher on a rejection candle on Thursday leaving risk of a downside trend continuation on the cards. On the downside, support lies at the 1.6550 level where a break will aim at the 1.6500 levels. A break of here will turn attention to the 1.6450 level. Further down, support lies at the 1.6400 level. Conversely, resistance resides at the 1.6656 level with a break aiming at the 1.6700 level where a violation will aim at…Continue
Added by fxtech on August 29, 2014 at 11:31am — No Comments
Crude Oil Insights
Added by Omkar Godbole on August 29, 2014 at 10:13am — No Comments
GBP USD 5 Min:
I called this on the forum, one of simplest most effective set ups in trading: A failed flag reversal off a pivot point.
Price rose from open reaching a measured move a perfect failed flag reversal pattern just below R1 pivot point…Continue
Added by Constantine on August 29, 2014 at 8:29am — No Comments
Dollar index was overbought since last couple of days. yesterday candle closed with no results, and make a spinning top. Today candle is still bullish and h1 candle is indicating bullish sentiments duo to Ichimoku support.
Gold prices moving between small gain and losses in early Asian Session placed high 1290.97. Yesterday, gold placed high 1296.32 but strongly consolidating by the SMA200 in d1 graph. The yellow…Continue
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Thursday's high 1.3220,…Continue
Added by Nili on August 29, 2014 at 7:00am — No Comments
EUR/USD: Already (LONG) bought the pair from 133:42 & from 13248 (AV 13295) with TSL 130:85 & TP is on 132:95.
GBP/USD: Already (LONG) bought the pair from 166:95 & from165:85 (AV 16640) with TSL 164:85 & TP on 166:40.
USDJPY: Already (SHORT) sold the pair from 102:88 & from 103:40 ( AV 103:14)with TSL 104:72 & TP on 103:10.
EUR/JPY:Already ( SHORT) sold the pair from137:90 with TSL 137:60 & TP…
Added by Pierre Chahine on August 29, 2014 at 6:53am — No Comments
Gold: Already (LONG) bought the precious metal from 1298 & from 1282 (AV 1291) with TSL 1264 & TP 1299.
Silver: previous order closed with 12 pips profit, sell the grey metal from 19:88 with TSL 20:78 & TP open.
Oil: buy the black liquid from 93:85 with TSL 92:54 & TP on 96:80.
Added by Pierre Chahine on August 29, 2014 at 6:49am — No Comments
FTSE-100 CFD:Already (SHORT) sold the index from 6695 & from 6754 (AV 6724)with TSL 6874 & TP on 6724.
DAX 30 CFD: buy the index from 9374 with TSL 9262 & TP 9688.
SPX500: CFD: Already (SHORT) sold (AV 1970) with TSL 2032 & TP on 1974.THEN/OR buy it from 1974 with TSL 1920 & TP 2020.
DJ30 : Already (SHORT) sold from (AV 17002)with TSL 17196 & TP on 16972.THEN/OR buy it 16972 with TSL 16860 & TP…
Added by Pierre Chahine on August 29, 2014 at 6:48am — No Comments
EURCAD retains a weak bias after yesterday’s break under key support at 1.4420 and the market is making good progress already towards our 1.40/1.42 target zone. Given the generalized strength in the CAD and broader weakness in the EUR, we may have to lower our sights a little still. There is solid, bear trend momentum…Continue
Added by Daologic on August 29, 2014 at 5:00am — No Comments
The benchmark overnight lending rate in the eurozone set at -0.004%, according to the ECB.
It’s the first negative EONIA rate but expect a spike higher tomorrow on month-end demand for funds.
I’m new to Forex trading although I’ve been swing trading equities since June 2013. I’ve been spread betting up to this point but I’m intrigued by open source platforms so I’ve decided to open a Tradable account. Having recently completed a one year review of my trading performance with my mentor, I’ve come to the conclusion that I need to improve my trading efficiency (for lack of a better term). One thing I’m really regretting is not keeping a trading journal which…
Added by Keith McGuinness on August 28, 2014 at 3:39pm — No Comments