GBP USD 5 Min:
This is a variation of a double bottom pull back trade.
The horizontal red bold dotted line is yesterdays high which turned support from resistance. From there there is a push up and then there is a double bottom pull back to that push up.…Continue
Added by Constantine on April 28, 2015 at 2:04pm — No Comments
GBPUSD: Builds Up On Strength
GBPUSD: With GBP maintaining above its broken resistance turned support at the 1.5166 level, it faces further bullish offensive. However, watch out for any pullback risk of its recent strength. On the downside, support lies at the 1.5200 level where a break if seen will aim at the 1.5150 level. A break of here will turn attention to the 1.5100 level. Further down, support lies at the 1.5050 level. On the upside, resistance resides at the 1.5350 level…
Added by fxtech on April 28, 2015 at 1:18pm — No Comments
Currently we are at 130.12 after a nice breakout of the old trend. We are looking for a continuation to the resistance area @ 130.99 with an overall target @ 132.24. The average daily true range (ATR) for the pair currently is 131 pips.…Continue
Added by Scott Barkley on April 28, 2015 at 12:39pm — No Comments
Economic Fundamentals. To understand central banks in these days of QE, you must think like a Keynesian. For ECB, a drop of interest rates, in turn lowers the exchange rate. The ECB target in this regard is higher GDP and is currently at 0.3 and holding fairly steady so far. CPI at this stage of QE and negative interest rates is a moot point and meaningless since the lower exchange rate, QE and interest rate ensures it remains low for long. Later, CPI may remain a problem but not…Continue
Outlook in EURUSD remains on the upside as long as 1.0845 support holds on a daily closing basis , resistance comes at the 1.0935 levels , a halt is likely but a break would open 1.1051 levels , further upside will target the 1.1182 levels .
On the downside , support comes at the 1.0845 levels , sustained breakout – daily closing – below this level will turn outlook neutral and bring a corrective pullback towards the 1.0785/1.0665 levels before the next rise..
In all , as…Continue
Added by Haitham653 on April 28, 2015 at 11:08am — No Comments
Despite recent decline to new swing low we see gold trapped in range so our view remains unchanged. We see three legs from 1220 so price is expected to continue higher, especially after recent strong rally from 1175 and slightly above the upper line of a corrective channel. That said, we assume that wave b) is completed and that we will see higher prices within wave c) of (b) that can be targeting 1240 once 1220 is taken out.
GOLD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on April 28, 2015 at 11:01am — No Comments
EUR USD 3 Min:
Price rose opened and ranged then rose strongly from a wedge double bottom as a spike followed by a channel. It reached a high of the day and pulled back in two waves, Low 1 High 2 Low 2 at which point it formed a small pause candle just under the 20MA (20…Continue
Added by Constantine on April 28, 2015 at 11:00am — No Comments
Despite all expectations of falling and "again falling" of eurusd, it looks like the pair will "breathe" a little and will move side-ways for a while - caused mostly by weaker US data and not so bad EU news at the same time.
The long term trend still stands - downside. I believe that for further aggressive move (up or down) we need some shocking news on Greece or on US hiking.
The data (which I recently call "paper economy") could drive the side-ways on shorther time frames…Continue
Added by Eura on April 28, 2015 at 9:16am — No Comments
EUR JPY 5 Min:
Price entered an expanding triangle pattern reacting from 5 points and fell towards the 6th but before it could break the previous low and just above it, it formed a three push wedge pattern. On the 3rd push there was a small inside candle which price broke…Continue
Added by Constantine on April 28, 2015 at 9:00am — No Comments
Added by Ash Noor on April 28, 2015 at 7:08am — No Comments
FTSE-100: expected trading is R 7.290 & S 6.960 ,SELL the index from 7.155 ADD 7.195 with TSL 7.290 & TP is OPEN.(this order shouldn't be interpreted that you can BUY the index from the current price).
DAX-30: expected trading is R 12.240 & S 11.820. waiting 4 Bearish entry More accurate financial forecast order on boursajeeclub.com.
S&P-500: expected trading is R 2180 & S 2010,Bearish More accurate financial forecast…Continue
Added by Pierre Chahine on April 28, 2015 at 5:51am — No Comments
Gold: expected trading is S 1222 & S 1172, SELL the precious metal from 1212 ADD 1222 with TSL 1242 & TP on 1168.(this order shouldn't be interpreted that you can BUY the good from the current price).
Silver: expected trading is R 17.40 & S 14.80.Bearish.More accurate financial forecast order on boursajeeclub.com.
Oil: expected trading is R 59.40 & S 55.80. Bearish. More accurate financial forecast order on…Continue
Added by Pierre Chahine on April 28, 2015 at 5:42am — No Comments
Boursajee Club Currencies Reading.
EUR/USD: expected trading is R 1.10.30 & S 1.0720. BUY the pair from 1.0810 ADD 1.0760 with TSL 1.0650 & TP on 1.0990/1.1010.THEN/OR SELL the pair from 1.1010 ADD 1.1060 with TSL 1.1160 & TP is OPEN. (this order shouldn't be interpreted that you can SELL/BUY the pair from the current price).
GBP/USD: expected trading is R 1.5310 & S 1.5040.waiting 4 Bearish entry, More accurate…Continue
Added by Pierre Chahine on April 28, 2015 at 5:40am — No Comments
But after 5 days winning streak of Nasdaq all U.S. indices closed lower on Monday. In Nasdaq the biotechnology stocks were leading the losses. S&P 500 and Nasdaq Composite retreating slightly from their record levels set on Friday.
Nasdaq - 0.6%, 5060.
DJIA -0,2%, 18.037
S&P500 -0,4%, 2108.
Even this pullback of indices they are all close to their all-time highs. The S&P and Nasdaq both closed at records Friday, marking the sixth for the S&P and…Continue
Added by Contrarian Trading School on April 28, 2015 at 5:28am — No Comments
GBPUSD – Down
EURUSD – Down…Continue
Added by Hoho9 on April 28, 2015 at 2:10am — No Comments
Our Preference: Buy above 1.0780 levels for the target of 1.0890 and 1.1000 levels.
Alternative Scenario: Nill
Technical Commentary: In Weekly Chart :- Last week Eur/Usd was closed above the key resistance level 1.0720…Continue
Added by CentreForex on April 27, 2015 at 6:28pm — No Comments
Our Preference: Buy above 1.5080 for the target of 1.5200 levels.
Alternative Scenario: Nill.
Technical Commentary: In Weekly Chart :- GbpUsd was broken the major key resistance level 1.5000 level and last week GbpUsd pair…Continue
Added by CentreForex on April 27, 2015 at 6:22pm — No Comments
Our Preference: Sell below 1190 levels for the target 1180 and 1170 levels with tight stoploss .
Alternative Scenario: Nill
Technical Commentary :- In weekly chart :- Last week gold was broken lower trend and…Continue
Added by CentreForex on April 27, 2015 at 6:16pm — No Comments
Our Preference: Buy above 0.9480 levels for the target of 0.9600 and 0.9720 levels.
Alternative Scenario: Nill
Technical Commentary : In weekly Chart and In Daily Chart :- UsdChf was trading in the triangle pattern and…Continue
Added by CentreForex on April 27, 2015 at 6:09pm — No Comments