GOLD: The commodity turned off its intra-day low at 1,338 level to close higher on Monday but continues to maintain its broader downside bias. This suggests on ending the mentioned recovery it should retarget the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and possibly lower. On the upside, GOLD will have to return above the 1,488.00 level to end its broader downside and then resume its recovery. Further out,  resistance is seen at the 1,590.40 level followed by the…

my trades.3 positions 1)sell limit at 1.2940 sl 1.2972 tp 1.2850...2) sell limit at 1.2965 sl 1.3022 tp 1.2800.....3) sell limit 1.3000 sl 1.3022 tp 1.2750..stoch daily looks oversold so breakout 1.3030 might change bearish tone.gu sell at this price with 1.5222 sl tp 1.5080/85...if break 1.5070 then definitely sell with tp 1.5035 where is important support

This is my scenario:

Deutsche Bank - "After a period in the doldrums, FX has spent the last 6 months front and centre, and the relative implied vols for different asset classes bear this out. DB’s CVIX 1m implied FX vol measure as a ratio of 1m implied Bond vol (the MOVE index) is up in the 99th percentile for the last 19 years. The CVIX1m / VIX ratio is in the 93rd percentile.

There is some sense that the Fed is an important part of this vol divergence. The Fed is squashing bond vol notably at both extremes…

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#1 Navin Prithyani - Pivot Points Reintroduced

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eur/jpy intraday analysis sell@ 132.39, sl@ 133.00, tp@ 131.00, estimated time = less than 24 hours

a trailing stop is suggested to use.…

Currently we are at 0.9788 trying to break out of a bear flag..  We are looking for an initial move to the double bottom @ 0.9711  then a continuation up to the S7 support  @ 0.9596. Watch for a bounce there. The current average daily trading range (ATR) is 101 pips.…

* Speculators drive Swiss franc lower vs euro and dollar

* Options show more weakness in store for Swiss franc

* UBS and Rabobank cut franc forecasts

Click on the chart for more.

(c)…

EUR/USD H1

 The pair has formed a Inverted Head and Shoulders formation while contained inside its downtrend channel and is…

M&G Investments - "Knowing how poor the central banks have been at forecasting economic indicators, and having analysed the…

Bank of America Merrill Lynch - "we continue expecting the EURUSD at 1.25 by the end of this year. Indeed, the market is now moving in this direction and our projection does not seem as out of the consensus as it seemed earlier this year. We believe that a EUR weakening beyond our projection would require a new shock from the periphery, or the ECB moving aggressively into unconventional policy territory, both of which are unlikely in the short term in our view.

(...) We prefer to…

Royal Bank of Scotland - "EUR has been supported by a rapidly improving current account surplus that is now at a Euro-era record. It has been supported by less ECB QE as banks have repaid some LTRO funds. It has been supported by a steady rebound in periphery assets (Spain and Italian 10 year spreads over bunds are around the lows since July 2011, and their outright yields are at lows since July 2010). However, it has been weakened by an ECB rate cut and a preparedness to discuss negative…

UBS - "USDCAD BULLISH Initial resistance is at 1.0296, a break above this would open 1.0342 and then 1.0447. Support is at 1.0199.

AUDUSD BEARISH Any upside will be correction, unwinding the overextended downside conditions. Resistance is at 0.9831 ahead of 0.9918. The broader focus is for a test of major support at 0.9582.

EURCHF BULLISH With bullish trend in place, focus is on resistance at 1.2525, a break above which would open 1.2569. Support is at 1.2436 ahead of…

gbp/usd intraday analysis buy@ 1.5170, sl@ 1.5100, tp@ 1.5320, estimated time 55 hours.

a trailing stop is suggested to use.…

EUR/USD started the week with some modest gains, and the pair is steady as it trades in the high-1.28 range. Today’s only Eurozone release is German PPI, which missed the estimate, as weak German numbers continue to raise concerns. In the US, there are no fundamental releases, but the markets will get a chance to hear Treasury Secretary Jack Lew as well as two members of the FOMC. The markets are…

GBP/USD Daily

The pair has broken below its uptrend channel and keeps below both its moving averages in a short-term…

EUR/USD Weekly…

I have been using MT4 for forex trading and applying some MT4 supporting software to help me with daily routine, like EA and some other plugins that allow me automate the trading process as well as the management activities. What do you guys use? Any suggestions on improvement of the MT4 system and software?

EA (Expert Advisor) is a set of excellent tools that allows the trader to test the trading strategy.

EA automatizes the operation in trading process and emancipates the trader from the hard work in real-time market monitoring. Many professional traders employ various trading systems to operate under changeable conditions in different markets. They usually write and test their trading strategies in some well-known analysis software packages.

Traders are able to connect their…