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Daily Technical Strategist On EURUSD

EURUSD: Weakens, Eyes The 1.3250/00 Levels

EURUSD: With a turn lower occurring for two days in a row and a follow through seen during early trading today, further weakness is now envisaged. Support lies at the 1.3266 level where a break will expose the 1.3200 level. Below here will pave the way for a move lower towards the 1.3150 level. If this continues, expect further downside to occur towards the 1.3100 level. On the upside, resistance lies at the 1.3335 level, its Aug 12 2014 low…

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Added by fxtech on August 20, 2014 at 10:39am — No Comments

GBPUSD Daily Forecast Aug 20 2014

The GBPUSD continued its bearish momentum yesterday , printed resistance at the 1.6737 levels .This development leaves the pair targeting the 1.6450  levels , a halt is likely , but losing this level would open 1.6250 next , further downside will aim the 1.6000 levels…

On the upside , resistance comes at the 1.6656 levels ahead of the 1.6737  levels , break of the 1.6737  levels on a daily basis will turn outlook neutral towards the 1.6838 levels ahead of the 1.6888 levels……

In…

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Added by Haitham653 on August 20, 2014 at 9:58am — No Comments

EURUSD Daily Forecast Aug 20 2014

The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.3363 levels .This development leaves the pair targeting the 1.3205 levels , a halt is likely , but losing this level would open 1.3070 next , further downside will aim the 1.2920 levels…

On the upside , resistance comes at the 1.3363 levels ahead of the 1.3432 levels , break of the 1.3433 levels on a daily basis will turn outlook bullish and extend gains towards the 1.3530 levels ahead of the 1.3627…

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Added by Haitham653 on August 20, 2014 at 9:56am — No Comments

USDJPY has now beaten 7 month trend line resistance at 102.70/75 as we look to target July/August highs at 103.02/08.

Overbought short term so we should struggle here but yesterday's breakout was a very bullish signal. We could therefore continue higher this week & reach for 103.35/40. Any further gains may go as far as 103.71/78.

Immediate support & a buying opportunity at 102.70/75. However an unexpected break lower meets very strong support at 102.50/44. Exit shorts & try longs with little chance of further losses today, but with stops below 102.30.…

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Added by Jason Sen on August 20, 2014 at 9:05am — No Comments

GBPUSD has hit the 23.6% retracement level of 1.6630 from the whole 1 year rally from a low of 1.4812 in July 2013.

This therefore is enormously important support & the best chance bulls have to mount a defense after 7 consecutive weeks of losses. It is worth trying medium term longs here with the risk vs reward heavily in our favour. We need wider stops than usual below 1.6600. Just be aware that the 'stop hunters' could try to push the pair lower today forcing out weak longs, before squeezing prices higher. However a break lower would trigger a lot of stops in the market & target…

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Added by Jason Sen on August 20, 2014 at 9:05am — No Comments

EURUSD broke August lows & support at 1.3345/35 as expected in this 3 month bear trend & targets 1.3295 today.

The bear tend has resumed after a consolidation period & could continue lower this week to hit 1.3250/40. We will start to look oversold at this stage. Exit shorts & try longs with a very good chance of a low for the week. This is an important so we need wider stops, in this case below 1.3210.

Immediate resistance at 1.3335/40 could hold a move higher but above here a selling opportunity at 1.3365/75. Exit longs & try shorts with stops above 1.3390.…

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Added by Jason Sen on August 20, 2014 at 9:04am — No Comments

AUDUSD had one last test of 100 day moving average resistance at 9335 spiking to 9345 before pulling back sharply.

We forecast the 6 week bear trend was likely to resume & it looks like the failure yesterday has signaled bears are back in control as expected. Immediate support at 9290 is holding so far but the pair should continue lower this week to 9280/75 & possibly 9260/55. Below here look for a retest of August lows at 9240/30.

Immediate resistance at 9303/07 then 9320 could hold a move higher. Although unlikely a retest of the 9335/45 area would offer another selling opportunity, with…

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Added by Jason Sen on August 20, 2014 at 9:00am — No Comments

FX Light - Fed Minutes & Cable Oversold

20th August 2014. The major event risk today will be the release of the minutes of the last Fed meeting and I would expect some EURUSD volatility there. Also it is worth noting the significant drop in GBPUSD both yesterday and over the past number of days perhaps now setting us up for a long scalping or…

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Added by Gary on August 20, 2014 at 6:30am — No Comments

GOLD Daily Forecast 20 AUG 2014

Added by Naveed Anjum on August 20, 2014 at 6:02am — No Comments

AUD/USD DAILY as of Wednesday, 20 August, 2014

VIT Daily Analysis

 

Review of Australian Dollar / US Dollar (AUDUSD)

as of 20/08/14

 

Volatility Analysis

On 20/08/14, Australian Dollar / US Dollar closed up 0.0011 at 0.9298

 

Period             Statistical                    Change

10-period    5.9163           …

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Added by Nathan Kay on August 20, 2014 at 5:57am — No Comments

EUR/USD Daily Key Levels

Hi Friends,

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!

Tuesday's high 1.3363, low…

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Added by Nili on August 20, 2014 at 5:02am — No Comments

Boursajee Currencies Outlook



EUR/USD: Already (LONG) bought the pair from 133:42 with TSL 133:38 & TP is 135:15. 

GBP/USD: Already (LONG) bought the pair from 166:95 with TSL 165:65 & TP 168:88. 

USDJPY: Already (SHORT) sold the pair from 102:88, add 103:40 with TSL 104:22 & TP on 

100:20. 

EUR/JPY: Already ( LONG) bought the pair from 136:34 with TSL 136:40 & TP 139:02. 

GBP/JPY: Already (LONG) bought the…

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Added by Pierre Chahine on August 20, 2014 at 3:08am — No Comments

Boursajee Commodities Outlook


Gold: Already (LONG) bought the precious metal from 1298, add 1287 with TSL 1272 & TP 1342. 
Silver: Already (LONG) bought the good from 19:58 with TSL 18:58 & TP open. 
Oil: buy the black liquid from 91:60 with TSL 90:40 & TP 95:80.

Added by Pierre Chahine on August 20, 2014 at 3:06am — No Comments

Boursajee Indices Outlook



FTSE-100 CFD:Already (SHORT) sold the index from 6695 & from 6754 (AV 6724)with TSL 6814

& TP on 6694. 

DAX 30 CFD: sell the index from 9280 & from 9340 (AV 9310) with TSL 9410 & TP 9257. 

NSDQ100 CFD: Already (SHORT) sold the index from 3948 & from 3985 (AV 3966) with TSL 

4086 & TP on 3948. 

SPX500: CFD: Already (SHORT) sold the index from 1948 & from 1964 (AV 1956)…

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Added by Pierre Chahine on August 20, 2014 at 3:05am — No Comments

Special Focus On USDCAD

USDCAD: Sees Recovery Momentum

USDCAD: With USDCAD rallying strongly the past week, further bullishness is expected in the days ahead. On the upside, resistance is seen at the 1.0970 level followed by the 1.1000 level. Further out, resistance comes in at the 1.1050 level where a reversal of roles is expected to occur and turn it lower. But if further recovery is triggered resistance comes in at the 1.1100 level. On the downside, support lies at the 1.0900 level where a break will aim…

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Added by fxtech on August 19, 2014 at 7:54pm — No Comments

Sterling could be used as 'transitional' Scottish currency

Scotland’s first minister Alex Salmond has claimed that Scotland could use the pound without an agreed currency union with the rest of the UK as a temporary “transitional option” while a more permanent solution for the independent country’s currency is established

(c)…

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Added by Ron Schelling on August 19, 2014 at 4:30pm — No Comments

FOREX forecast 20.08.2014 in advance

After several failed attempts to break 1.3400, te EUR slided down below the 1.3330 support reaching 1.3312 by the moment of writing. The area between 1.3295-1.3310 seems well protected and it will be difficult to break before tomorrow's FED decision. I think that the market is currently consuming tomorrow's news. So it is quite possible to witness a risk aversion tomorrow, reaching 1.3470-1.3500.

GOLD is trying to stay above 1292 support but breaking below will increase the downside .…

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Added by Vladimir Mihaylov on August 19, 2014 at 4:16pm — 1 Comment

Winning Trades 19th August -3,4

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Added by Constantine on August 19, 2014 at 2:00pm — No Comments

Winning Trade on 19 th August-2

EUR USD 10 Min:

Today price spiked down from the open and then formed a flag all morning just below opening price.

It then broke down through the bottom of the flag and half the members here said buy the others…

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Added by Constantine on August 19, 2014 at 1:30pm — No Comments

Winning Trade on 19th August

GBP USD 15 Min:

Here is one I called at 01.00 GMT in the main room. Price action never stops although what it was doing up at this time is another matter. I was setting up the charts for the next day at…

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Added by Constantine on August 19, 2014 at 9:16am — No Comments

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