The commodity is in search of the direction right now. There is not enough time to talk.Here is the intraday strategy for today.
Short Crude below 44.60 with SL 45.25 and target 44.30 if breaks then 43.80/43.50/42.80
Short Crude below 46.50 with SL 47.25 and target 44.20 if breaks then 43.80/43.50/42.80
Long Crude above 45.45 with SL 44.70 and target 45.90 if breaks then…Continue
Added by Jawad Aslam on January 26, 2015 at 11:30am — No Comments
Cable is at new lows as expected after we recognized a corrective pattern just above 1.5600 back in December. Pair fell sharply since then, clearly in five waves with current price already in fifth wave which means that sooner or later pair can turn into a correction. Ideally, we will see a retracement back into the wave (4) before pair can go even lower, then to 1.4500 area.
GBPUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on January 26, 2015 at 9:13am — No Comments
Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…Continue
Added by Alan Collins on January 26, 2015 at 7:51am — No Comments
bought eur/usd 1.1187,tp 1.1287.sl nil
Added by Daramola Olorunfemi Joshua on January 26, 2015 at 6:46am — No Comments
EUR continues free fall as the negative news is coming out one by one. First the ECB starts QE program and now in Greece will rule the pro-socialist government. Days of the european union are already counted, the countdown has started. EUR price goes to the downside incerasing its speed with every hour it is like a snowball falling downs the mountain slope and finally will crash into the rocks at the bottom. This morning the pair has recorded a fresh low at 1.1097 then corrected some 100…Continue
SELL GBP AUD 1.9009 STOP LOSS 1.9131 TAKE PROFIT 1.8900
Added by A PRASAD REDDY on January 26, 2015 at 5:51am — No Comments
GOLD: Looks To Trigger Correction
GOLD: With a marginal close seen the past week, corrective pullback is envisaged. Resistance resides at the 1,315 level where a break will aim at the 1,330.00 level. A break of here will turn attention to the 1,350.00 level followed by the 1,380.00 level. A cut through here will extend gains towards the 1,400.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1,300.00 level where a…Continue
Added by fxtech on January 26, 2015 at 2:54am — No Comments
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!
Added by Nili on January 26, 2015 at 2:46am — No Comments
AUDUSD – Up
GBPJPY – Up…Continue
Added by Hendro Wafiq on January 26, 2015 at 1:04am — No Comments
I am currently holding a position in crude oil. I entered the trade based on the following analysis.
Currently we are sitting at 45.36 price level. Monthly chart shows the price broken out of the symmetrical triangle and currently positioned just above the rising line from December 1998 and November 2001.The exact location of that line is 44.20 thats why we had a bounce back and consolidation…Continue
Currency Market Realignment: The New Beginning
Posted in October was an outline of the historic currency market Realignment in development, a truly rare event in currency markets because it means currency pairs undergo a structural price adjustment. Pricing adjustments are structural in currency pairs and slow in development but its never seen in USD V non USD pairs rather structural price adjustments and its historic Realignment counterpart is seen…
On Friday, EUR/USD finaly find the buyers at 1.1114 level after which they pushed the pair up to 1.1288, where the bears stoped them and return the pair again to 1.1207, where the pair close the previous week. EUR/USD didn’t manage to cover 38.2 fibo retracement from the ‘ECBs QE decision fall’ which was started at January 22. from 1.1637.…Continue
EURUSD: Maintains Its medium Term Weakness
EURUSD: With EUR declining strongly further the past week, further downside is likely in the days ahead..Support is seen at 1.1150 level with a cut through here opening the door for more downside towards the 1.1110 level. Further down, support lies at the 1.1050 level where a break will expose the 1.1000 level. On the upside, resistance lies at the 1.1250 level where a violation will aim at the 1.1300 level where a break will aim at the…Continue
Added by fxtech on January 25, 2015 at 4:09pm — No Comments
This post is dedicated to everyone, new traders especially. I hope we will learn much from it.
What is Stop loss in actual???Is the Stop Loss important?????Should we use it on permanent basis?????
I watched a video on you tube in which a trader shared his experience in Forex market.He said the use of stop loss is a mistake....BANG... that statement was not less than a shocker for many of the traders in the world.…Continue
Major pairs and cross-rates strength and weakness compared to 1 week ago.
Added by Ron Schelling on January 25, 2015 at 10:03am — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on January 25, 2015 at 10:02am — No Comments
The average price of a Big Mac in America in January 2015 was $4.79; in China it was only $2.77 at market exchange rates. So the "raw" Big Mac index says that the yuan was undervalued by 42% at that time.
Added by Ron Schelling on January 25, 2015 at 10:00am — No Comments