EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.
Eurozone economic data… Continue
Added by Yohay Elam on May 19, 2013 at 8:17am —
Recent actions by the RBA sent the AUD falling hard. While there is support around .9700, it looks like it could continue to fall to the low .9000 levels in the coming months. The COT report shows that noncom positions are significantly long (l:80,000 vs s:30,000) and the small specs are short (l:22,000 vs s:37,500). I'm looking for a break below .9700 to go… Continue
Added by Turjo on May 19, 2013 at 3:48am —
If price goes under the 20EMA, my conclusion will be it is the AUD.
Added by Oasis on May 18, 2013 at 11:26pm —
Added by Ahmed Hassanien on May 18, 2013 at 10:59pm —
Firstly take prices work for some people. But is it the best way to trade?
Whenever i come on here and read things like st 30 pips tp 50 pips i always wonder how often the price stops short before reversing and stopping people out, or going straight through the tp and going another 50pips before pulling back, consolidating or failing.
Rather than placing an order at a level where I think something is going to happen I like to react to what is actually happening in real… Continue
Added by Geoffrey Jackson on May 18, 2013 at 9:29pm —
On May 17 the Eur/usd formed a well defined Bullish Hammer position with a nice down trend from 1.3236 - 1.2791 we will expect a long white candle stick for confirmation in the coming week. Which will drive the market to 1.2995 for heavy… Continue
Added by Victor Chiejine Bruce on May 18, 2013 at 7:08pm —
Added by Usman Pervez on May 18, 2013 at 5:11pm —
USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week. This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On… Continue
Added by fxtech on May 18, 2013 at 9:25am —
Please find EU reviewed and this post is dedicated to my very good Friends here at Fxstreet.
Sir Gissachance (PPND)…
Added by Sir Gissachance on May 18, 2013 at 8:49am —
New Additions: Dr.Andrews PitchFork's
Median Lines > Prices will reach the latest Median Line the Prices will either reverse on meeting the Median Line or gap through it. When prices pass through the Median Line,they will pull back to it. Prices reverse at any Median Line or extension of a prior Median Line This action happens roughly 80% of the time, the other 20% of these moves are due to market action and sometimes out of our scope of knowledge this may be due to.....
Added by Splithand on May 18, 2013 at 4:19am —
It seems that price will breakout of this wedge soon. My bias is to the upside, based mainly on the dynamic rising support line that has been respected recently. GBP does seem weaker as well.
Please share any comments/opinions.
Added by Oasis on May 18, 2013 at 12:13am —
OIL - Setup....
I don't know what the fundamentals are on OIL for now; but technically looking at it it is looking mighty bullish..
Weekly has clearly alot of scope to the higher side b4 we can assume it has found a top..
Lower side has put in a clear pattern of an inv HNS and 97.10-20 pretty much been the neck.. A break if coming and closing higher…
Added by Tahir Khan on May 17, 2013 at 8:39pm —
some possition till mondey sesion end
AUD/USD buy @ 0.9734 / SL 0.97 / TP 0.9985
GBP/USD buy @ 1.5172 / SL 1,5150 / TP 1.53
Added by Andrius on May 17, 2013 at 4:15pm —
Societe Generale - "Recession check in Europe If I have one grumble about the news in Europe, it is the tendency of policy-makers to be so positive about financial market developments and so quiet about underlying economic problems. The ECB has driven a wedge between markets (the euro and government bonds) on the one hand and the ‘real economy' on the other. That buys time for policy-makers to tackle the underlying problem of chronic unemployment, competitiveness gaps and indebtedness. But the… Continue
Added by Francesc Riverola on May 17, 2013 at 3:17pm —
gbp/jpy intraday analysis sell@ 156.50, sl@ 157.50, tp@ 155.40, estimated time = less than 24 hours
a trailing stop is suggested.…
Added by Market Analyst on May 17, 2013 at 3:17pm —
Added by ERICH MANSTEIN on May 17, 2013 at 2:30pm —
Currently we are at 0.9733 on the 1.270 fibo. We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix. The current average daily trading range (ATR) is 87 pips.…
Added by Scott Barkley on May 17, 2013 at 1:01pm —
EUR/USD continues to trade quietly, with the pair trading in the high-1.28 range in Friday’s European session. On Thursday, US key releases, notably Unemployment Claims, were disappointing, but the euro failed to take advantage and didn’t make up ground against the dollar. There are no Eurozone releases on Friday. In the US, there are just three releases, highlighted by UoM Consumer Sentiment. The… Continue
Added by Yohay Elam on May 17, 2013 at 8:50am —
UBS - "EURUSD BEARISH The pair is under pressure, trading close to Wednesday's low at 1.2843. A break below this would expose 1.2746 ahead of 1.2662. Resistance is at 1.2943 ahead of 1.3029. Continue
EURCHF BULLISH With bullish trend in place, focus is on resistance at 1.2525, a break above this would open 1.2569. Support is at 1.2361.
EURGBP BEARISH With the MACD below its zero line, focus is on support at 0.8389. A break below this would expose the important 0.8587. There is an important…
Added by Francesc Riverola on May 17, 2013 at 8:08am —
Dear Traders, Continue
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Added by Francesc Riverola on May 17, 2013 at 8:04am —