The Federal Reserve has been hinting at a 2015 rate hike since Ms Yellen’s first official news conference in March when she incautiously suggested that the first increase in the Fed Funds rates could come ‘six months’ after the end of quantitative easing. Ms Yellen used the mirror image of that formulation on Wednesday when she said that the Fed was unlikely to start a rate cycle for “at least the next couple of meetings.”
It is clear the Fed would like to start a cautious rate…Continue
Added by Joseph Trevisani on December 22, 2014 at 5:15pm — No Comments
Currently we are at 0.7990 after turning at the 0.500 fibo. We are looking for a continuation to the S6 support area @ 0.7874 with an overall target @ 0.7839. The average daily true range (ATR) for the pair currently is 88 pips.…Continue
Added by Scott Barkley on December 22, 2014 at 2:27pm — No Comments
GBPUSD: Threatens Further Decline
GBPUSD: With GBP continuing to maintain its broader downside pressure, it looks to weaken further in the new week. But be wary of a recovery higher on correction. On the downside, support lies at the 1.5540 level where a break will aim at the 1.5450 level. A break of here will turn attention to the 1.5400 level. Further down, support lies at the 1.5350 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance…
Added by fxtech on December 22, 2014 at 2:04pm — No Comments
sell usdchf at .9813 stop loss .9846 tp .9549
Added by A PRASAD REDDY on December 22, 2014 at 1:53pm — No Comments
Here comes Santa Claus….and the end of year rally in the equity markets. SPX prices are testing resistance in the 2067.90-79.60 area marked by the 38.2% Fibonacci expansion and the December 5 high. A daily close above this barrier exposes the 50% level at 2098.60. However looking at the negative…Continue
Added by Gary on December 22, 2014 at 11:25am — No Comments
Cable did not go far since mid November, so we believe that market just slowed down into a sideways price action which should not be a surprised if we consider that pair has been falling since start of July 2014. However, larger trend may resume to the downside soon, as we see prices in late stages of a fourth wave, so wave five could send pair even to 1.5350/1.5450 area in weeks ahead.
GBPUSD Elliott Wave Analysis…Continue
Added by Gregor Horvat on December 22, 2014 at 9:40am — No Comments
SELL GBP JPY AT 186.90 STOP LOSS 187.60 TP 184.20
Added by A PRASAD REDDY on December 22, 2014 at 7:10am — No Comments
Great British Pound is range bound since last week and waiting for news to clear its trend. As we experienced that at the end of the year investors were confused. No big movement is expected even today.
Technical indicators are indicating mix behaviour and no clear direction. In h1 graph the prices are locked between triangles in h1 graph. The RSI and the Parabolic SAR Signal is bullish in h1 graph. Bollinger band is neutral. SMA100 and 200 are indicating bearish trend in h1 as…
Added by Usman Ali on December 22, 2014 at 6:57am — No Comments
Another week another fresh EUR low. The EU currency hit the 1.2220 resistance which is the Monthly SMA200 too. There are only a few trading days of 2014 and just one support standing - this is the area 1.2060-1.2080. Currently the pair is stongly bearish on all time frames an this state will remain until the price is below 1.2270 which is the first Daily resistance, the second one is 1.2320 and finally 1.2360-1.2385. Today is expected some worse data from Germany, and for the rest of the…Continue
No big volatility is expected today, so set your Tp and sl short.
BOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending order will recover the loss. The TP for this limit…
Added by Usman Ali on December 22, 2014 at 6:10am — No Comments
Gold – Down…Continue
Added by Hendro Wafiq on December 22, 2014 at 1:31am — No Comments
Added by Tony - FXS Admin on December 21, 2014 at 9:56pm — No Comments
EURUSD: Vulnerable, Reverses Gains
EURUSD: Outlook for EUR continues to point lower following a reversal of its previous week gains the past week. However, a mild recovery higher may occur before more strength is seen in the new week. Support is seen at 1.2150 level with a cut through here opening the door for more downside towards the 1.2100 level. Further down, support lies at the 1.2050 level where a break will expose the…Continue
Added by fxtech on December 21, 2014 at 4:53pm — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on December 21, 2014 at 3:23pm — No Comments
It's now pretty clear that the larger impulsive wave 1/A from near 1.40 is still in force. I was too early calling the larger correction and that was indeed wave 4 of 5.
On the daily chart i have outlined the possible target for this impulsive wave to end. At 1.208 wave 5 would be 1.618 times wave 1 and this would be likely target for the end of larger wave 1/A.
When this impulsive decline is finally exhausted there is going to be a larger corrective move and if this whole move…Continue
Added by VIVAICO on December 21, 2014 at 9:10am — No Comments
We are all aware of the dangers of seeing in the charts what we want to see. But sometimes even if we have no bias it can be difficult. I am going to use AUDJPY to illustrate my point.
Looking at shorter time frames say H4 you should be convinced that price will continue its downward journey. Yes there is some resistance coming up at 96.500 area but the major one seems to be about 160 pips away.A short taken now will have a good R/R so all looks good for a short. The AUD is…Continue
Added by Oasis on December 20, 2014 at 3:59pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.227. A couple of different scenarios: 1: bullish: This could be starting a head and shoulders pattern for a move above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 115 pips.…Continue
Added by Scott Barkley on December 20, 2014 at 3:02pm — No Comments
EUR USD 5 Min:
Setting the Scene:Price hit a double top (in the context of a larger bear move over the last few days) suggesting that this was a bear flag. Price then fell but then rose in a channel consolidating just under the double top…Continue
EUR/USD is tricky one to call right now. I am still favouring the corrective count because the low of the 5th wave has not been breached and the thrust from 1.257 was caused mainly on news.
I have taken account the alternative which can be seen in the alternative H4 chart. This count suggest that the large impulsive wave is not finished and there should then be lower prices to come. The move from 1.257 would then be wave 1 of 5 and the next move is wave 2 to the…Continue
Added by VIVAICO on December 19, 2014 at 2:24pm — No Comments