Added by Ron Schelling on December 7, 2013 at 6:30pm — No Comments
Recommendations: SHORT positions below 1251 with 1209 & 1180 as next target.
Alternative scenario:The upside breakout of 1251 will call for a rebound to 1277/1289.
Description:The weekly break below 1251 levels will build pressure on 1209 ahead of 1180 levels, sustained trading below 1180 will open 1122 ahead of 1000 levels.On the upside , break of 1251 will open 1277 ahead of 1289 levels , but upside above 1251 is likely to be…
Added by Haitham653 on December 7, 2013 at 4:55pm — No Comments
Recommendations: LONG positions above 0.9000 with 0.9100 & 0.9200 as next target.
Alternative scenario:The downside breakout of 0.9000 will call for a side to 0.8900/0.8800.
Description: The pair printed a temporary support around 0.9000 levels, stability above this level will build pressure on the 0.9100/0.9200 levels, break of 0.9200 levels will confirm support at 0.8988 and bring strong rise towards 0.9300/0.9400 levels. On…
Added by Haitham653 on December 7, 2013 at 4:46pm — No Comments
Recommendations: LONG positions above 101.90 with 103.75 & 104.80 as next target.
Alternative scenario:The downside breakout of 101.90 will call for a slide to 100.90/99.90.
Description: With the key support 101.90 intact, further rise towards 103.75 is suggested , break of 103.75 will aim 104.80 levels , further out will aim the 105.80 levels .On the downside , losing the key support 101.90 would weaken the current bullish run…
Added by Haitham653 on December 7, 2013 at 4:38pm — No Comments
Recommendations: LONG positions above 1.6260 with 1.6430 & 1.6510 as next target.
Alternative scenario:The downside breakout of 1.6260 will call for a slide to 1.6180/1.6100.
Description: Stability above the the key support 1.6260 will keep the bullish momentum intact with risk towards 1.6430/1.6510 levels, break of 1.6510 would open 1.6590 ahead of 1.6670 levels.On the downside,support comes at 1.6260 levels, losing this level…
Added by Haitham653 on December 7, 2013 at 4:35pm — No Comments
Recommendations: LONG positions above 1.3600 with 1.3800 & 1.3900 as next target.
Alternative scenario:The downside breakout of 1.3600 will call for a slide to 1.3500/400.
Description: With the key support 1.3600 intact, further rise suggested , resistance is at 1.3800 levels, break of 1.3800 would open 1.3900 levels, further out will aim the 1.4000 levels. On the downside ; support comes at 1.3600 level , losing this level would…
Added by Haitham653 on December 7, 2013 at 4:17pm — No Comments
As you can see from the attached 4 hour GBPAUD chart, the 20EMA did a fairly good job of holding up price since 05 November. Dips below the 20EMA were not deep and did not last long either, indicating that the bears had no strength.
This seems to be changing now as evidenced by the pin bar of…Continue
I think that the yen will rise to 107.00 area based on the weekly chart and will represent the fifth wave since the yen rise from 76.00 area.
what about you?
Added by mohamed Osman on December 7, 2013 at 2:06am — No Comments
My video newsletter is for educational purposes only and not to be considered reccommendation. We'll look at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or follow us on Twitter https://twitter.com/jet813 and join us and other traders world wide in the…Continue
Added by gregorian on December 6, 2013 at 6:56pm — No Comments
Danske Bank - "Following the decent job report for November we now expect Fed tapering to come already in December. Below is quick check-list for the Fed on the recent development.
Speaking in favour of December tapering:
1. Housing data have rebounded.
2. Retail sales stronger.
3. Job growth has improved.
4. ISM stronger.
5. Export growth picked up.
6. Financial conditions no longer an…Continue
Societé Generale - "Trades 2014
1. Long USD, NOK and GBP vs JPY, CHF and EUR
2. Buy USD/JPY, targeting 110
3. Sell AUD/USD for China structural slowdown trade
4. Keep short EUR/GBP to 0.78
5. Keep long NOK/SEK to 1.14
6. Buy USD/CAD, target 1.10
7. Buy EUR/CHF, target 1.2650
8. Go long a EUR/USD Forward Volatility Agreement 3M in 3M"
Added by Francesc Riverola on December 6, 2013 at 1:09pm — No Comments
USD and T6 to T4 play for now.. Incase this happens looks a fake down to T6 and a up move.. would imply majors can do fake up and a fall.. T6 breaks however and this is down and which implies majors are going for the kill on the USD..
AUD 15 mins channel play
[5:54:31 PM] tahirkhan989:…Continue
Added by Tahir Khan on December 6, 2013 at 1:09pm — No Comments
"Scenarios and FX responses
To simplify analysis of the market’s reaction function, I like to try to boil things down to a small set of outcomes. Real life is more complicated than 2 or 3 scenarios, but looking at scenarios helps structure thought.
With that in mind, Figure 1 below gives my view of what would constitute strong, weak and neutral for the US employment report. Along with that are my expectations for approximate moves in the pairs I view as most interesting due to…
Added by Daologic on December 6, 2013 at 12:30pm — No Comments
Earlier this year, the Australian Finance Minister, Mr Wayne Swan, said that the budget balance will have a 19.4 billion AUD deficit for the fiscal year ended on 30 of June and he was expecting 18 billion AUD deficit for the next year even if Mr Gillard's administration promised 1.5 billion AUD deficit for the fiscal year ended in June. Is quite unbelievable that Australia has such a deficit. The surprising balance deficit is a symptom of the beginning of an energy crisis. BHP Billiton…Continue