All Blog Posts (20,008)

NZDUSD short is hard to resist

In my opinion this is a pair where the fundamentals and price action are in sync. Neither side wants a rise in price.

The monthly view below shows us how high the price has been of recent and desire of RBNZ to bring it down is known to everyone.

Taking a look at the daily chart, we see that…

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Added by Oasis on November 22, 2014 at 3:02pm — No Comments

RSI – Relative Strength Index

Added by Tony - FXS Admin on November 22, 2014 at 4:10am — No Comments

Market Overview For 11/21/2014 After Closing

Added by Tony - FXS Admin on November 22, 2014 at 2:06am — No Comments

The Week Ahead On USDCHF

USDCHF: Reverses Losses, Eyes The 0.9741 Level.

USDCHF: With the pair reversing its previous week losses and closing higher on Friday, it faces price extension in the new week. On the upside, resistance resides at the 0.9741 level, its year-to-date high where a break will aim at the 0.9800 level. Further out, resistance resides at the 0.9850 level. A breather may occur here and turn the pair lower. However, if that level is violated, further bullishness is envisaged. Its weekly RSI is…

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Added by fxtech on November 22, 2014 at 1:03am — No Comments

How To Trade Important Levels On EURUSD Chart As A Day Trader

Today we had a speech from President Mario Draghi, and usually during a day with a big event the market move between 100 or 150 or 200 pips, and it might be during the event time or after during the next hours before the day end. 

Before Draghi speech EURUSD was traded between 1.260 resistance and 1.250 support respecting the middle range of those 2 levels most of the time, than market took direction and kept on pushing scoring 177 pips down reaching the deep of 1.2373 till…

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Added by Tony - FXS Admin on November 21, 2014 at 7:00pm — No Comments

USD/RUB

The ruble strengthened for a fifth day, its longest rally since May, as crude oil extended gains and central banks in Europe and China signaled they will do what it takes to boost their economies.

The currency of the world’s largest oil exporter rose 1.1 percent against the dollar…

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Added by Ron Schelling on November 21, 2014 at 5:30pm — No Comments

Daily Technical Strategist On GBPUSD

GBPUSD: Broader Bias Remains Lower.



GBPUSD: We continue to hold on to our downside bias on GBP despite its recovery attempts. On the downside, support lies at the 1.5600 level where a break will aim at the 1.5550 level. A break of here will turn attention to the 1.5500 level. Further down, support lies at the 1.5450 level. Resistance resides at the 1.5700 level with a break aiming at the 1.5750 level. A violation will aim at the 1.5800 level and possibly higher towards the 1.5850…

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Added by fxtech on November 21, 2014 at 2:58pm — No Comments

$GBPNZD-?

Currently we are at 1.9801. We are looking for a continuation to the 1.618 Fibo area @ 1.9706 with an overall target @ 1.9665.  The average daily true range (ATR) for the pair currently is 249 pips.…

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Added by Scott Barkley on November 21, 2014 at 1:38pm — No Comments

ZanGal Currencies Outlook:

Currencies Outlook: Friday 21/11/14 11:55 AM UK time.

EUR/USD: buy the pair from 12403 with TSL 123.02 & TP on 126.48.

GBP/USD: buy the pair from 15595 with TSL 15498 & TP on 15765.

EUR/JPY: Already (LONG) bought the pair from 146.40 ADD 145.70 with TSL 145.10 & TP on 15180.

AUD/USD: sell the pair from 0.8785 with TSL 0,8990 & TP on 0.8340.

NZD/USD: sell the pair from 0.8028 with TSL 0.8140 & TP on 0.7460.

USD/CAD: buy the pair from 1.1205…

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Added by Pierre Chahine on November 21, 2014 at 11:55am — No Comments

Winning Trade on 21st November

EUR USD 3 Min:

Price spiked down wIth major news from open. It begun the classical channel that follows a spike and eventually pulled back in 3 waves High 1 Low 1 High 2 Low 2 High 3. At that point it was the first break…

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Added by Constantine on November 21, 2014 at 11:00am — No Comments

EURUSD Intraday Forecast Nov 21 2014

Intraday outlook in EURUSD is neutral with risk to the downside at the moment , resistance at the 1.2600 levels while support at the 1.2503 levels . On the downside , losing the 1.2503 levels on a 4 hour closing basis will turn outlook towards the 1.2442 levels , a halt is likely , but a cut will open 1.2397 next , further downside will aim the 1.2357 levels .

On the upside , resistance comes at the 1.2600 levels , a break will extend gains towards the 1.2630 levels . At this point…

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Added by Haitham653 on November 21, 2014 at 8:30am — No Comments

USDJPY Elliott Wave Analysis: Wave 5 In Progress

USDJPY has reached levels around 119 in this week so we see pair forming an extended structure, now in wave 5 that needs to be made by five waves. For now that is still not the case from 115.45 wave 4 low, so traders must be aware of even higher prices in sessions ahead, close to 120 psychological figure. We would call end of a bullish swings only if 116.34 support would be taken out.

USDJPY 4h Elliott Wave Analysis…

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Added by Gregor Horvat on November 21, 2014 at 8:18am — No Comments

20,040 All Blog Posts - 11/20/2014 ... And Counting

Post Your Technical Study On Forex Street & Share It With…

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Added by Tony - FXS Admin on November 21, 2014 at 7:35am — No Comments

EURUSD - 13 day moving average to platform gains.

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…

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Added by Alan Collins on November 21, 2014 at 6:56am — No Comments

Before 2h of Draghi Speech EURUSD Is Waiting Between 1.26 and 1.25 waiting the wave.

2 hour before Draghi speech and EURUSD is at the middle on 1.255 between an important resistance 1.26 and a strong support 1.25 waiting the wave which will be created during President Mario speech today from Frankfurt.…

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Added by Tony - FXS Admin on November 21, 2014 at 5:33am — No Comments

Some Short term trade idea

1.EURUSD:

Long, 1st SL below 1.2475, 2nd SL below 1.2414 for 1.2647.

2.GBPUSD:

Short, add 1.5780/91, 1st SL above 1.5845, remains stop/reverse on daily close above 1.5897 for 1.5430

3.AUDUSD:

Short,add 8685, SL above 8720 for 8545.

Cover short and go long here SL below 8475.

4.USDCAD:

Long, 1st SL below 1.1241, remains stop/reverse on daily close below 1.1174 for 1.1650.

Below 1.1174, will expose…

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Added by YueWang on November 21, 2014 at 3:54am — No Comments

USDJPY Trade Idea

Very tricky.

Trend is no doubt bullish.

But a quarterly 9 count sell signal,daily 13 count sell signal,720Min 9 count sell signal along with yesterday's shooting star, must be taken into account.

Last quarterly sell signal lies in 122.

Several years later, it dropped beyond 80.



But near term try to match the uptrend train seems make more sense.

1. Long at 117.1-116.93 SL below 116.6 to 119.50/80.

2. Long at 115.75 stop/reverse on daily…

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Added by YueWang on November 21, 2014 at 3:50am — No Comments

Support & Resistance Levels

Added by Tony - FXS Admin on November 21, 2014 at 3:33am — No Comments

Boursajee Indices Outlook

Indices Outlook Friday 21/11/14 03:03 UK.

UK100 FTSE CFD: previous order closed with 13 pips profit .sell the index from 6752 with TSL 6860 & TP on 6510.

GER30 DAX CFD: previous order with 0 P/L SELL the index from 9545 with TSL 9690 & TP on 9150.

SPX500 CFD: sell the index from 2068 with TSL 2130 & TP on 1975.

DJ30 CFD: SELL the index from 17820 with TSL 17925 & TP on 17520.

NSDQ100 CFD: previous order closed with 24 pips profit ,SELL the index from…

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Added by Pierre Chahine on November 21, 2014 at 3:03am — No Comments

Boursajee Commodities Outlook

Commodities Outlook Friday 21/11/14 03:02 UK.
Gold: BUY the precious metal from 1176 with TSL 1158 and TP 1218.
Silver: BUY the gray metal from 15.75 with TSL 15.10 & TP on 17.10 / open.
Oil JAN: buy the black gold from 74.85 with TSL 73.40 & TP on 77.80 THEN/OR sell it from 77.80 with TSL 89.35 & TP is open.

Added by Pierre Chahine on November 21, 2014 at 3:02am — No Comments

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