I'm starting to think that this head&shoulders on the weekly chart may just bee a huge bait to most of the traders. The big boys will do everything to get everyone on the hook and then turn around everything. I will only try to trade this with very small position if it brakes the neckline.
Added by Tamas Szabo on May 19, 2013 at 7:43pm — No Comments
The confidence in US economic recovery is gathering momentum and report last week by WSJ about FED mapping up a strategy for unwinding QE has substance, as FED Doves are joining the Hawks bandwagon in a hope that chances of unwinding of FED’s asset purchase program is increasing, since US economy looks in a better shape.
On an average, consistent growth this year is visible in manufacturing and housing sector. In last six-months over 1.2 million jobs were created. US Consumer is showing…
Added by asad rizvi on May 19, 2013 at 6:50pm — No Comments
my trades for next week.gold looks good for short for me but i want find the good price between 1370/85 for sell with 1406 sl and my target should be 1340 and even lower 1324.for gu want some pull back up 1.5300/30 good for sell.and eu if will go up i want resell from 1.2915 to 1.2750 target.
Added by gregorian on May 19, 2013 at 6:43pm — No Comments
Added by Ron Schelling on May 19, 2013 at 6:30pm — No Comments
GA - Lock, Stock and Two Smoking Barrels.…Continue
Before I discuss my analysis of the aforementioned currencies, I highly recommend that you do not trade according to my thesis. This is my opinion and my opinion alone. I am NOT affiliated with any forex website, broker, or similar market participant. I recommend that you stick to what is working and use the information below either as fodder or to challenge your thinking. As for disclosure, I am all cash BUT would consider swing trading the CAD on a break above 1.0315 or below 0.9950; on…Continue
Added by The Zedder on May 19, 2013 at 4:30pm — No Comments
The pound’s troubles continue, as the currency lost almost two cents against the US dollar this week. GBP/USD closed the week at 1.5168. The upcoming week is a busy one, and the highlights include CPI, Retail Sales and GDP. Here is an outlook of the events and an updated technical analysis for GBP/USD.
Added by Yohay Elam on May 19, 2013 at 2:30pm — No Comments
Added by genxtrader on May 19, 2013 at 1:00pm — No Comments
the question is DO EURUSD WILL GO TO 1.2744 OR PULL BACK UP FOR NEXT 2 DAYS?hard question and hard answer.please give me your opinion till monday morning
EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.
Eurozone economic data…Continue
Added by Yohay Elam on May 19, 2013 at 8:17am — No Comments
Recent actions by the RBA sent the AUD falling hard. While there is support around .9700, it looks like it could continue to fall to the low .9000 levels in the coming months. The COT report shows that noncom positions are significantly long (l:80,000 vs s:30,000) and the small specs are short (l:22,000 vs s:37,500). I'm looking for a break below .9700 to go…Continue
Firstly take prices work for some people. But is it the best way to trade?
Whenever i come on here and read things like st 30 pips tp 50 pips i always wonder how often the price stops short before reversing and stopping people out, or going straight through the tp and going another 50pips before pulling back, consolidating or failing.
Rather than placing an order at a level where I think something is going to happen I like to react to what is actually happening in real…Continue
On May 17 the Eur/usd formed a well defined Bullish Hammer position with a nice down trend from 1.3236 - 1.2791 we will expect a long white candle stick for confirmation in the coming week. Which will drive the market to 1.2995 for heavy…Continue
Added by Victor Chiejine Bruce on May 18, 2013 at 7:08pm — No Comments
USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week. This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On…Continue
Added by fxtech on May 18, 2013 at 9:25am — No Comments
Please find EU reviewed and this post is dedicated to my very good Friends here at Fxstreet.
Sir Gissachance (PPND)…Continue
New Additions: Dr.Andrews PitchFork's
Median Lines > Prices will reach the latest Median Line the Prices will either reverse on meeting the Median Line or gap through it. When prices pass through the Median Line,they will pull back to it. Prices reverse at any Median Line or extension of a prior Median Line This action happens roughly 80% of the time, the other 20% of these moves are due to market action and sometimes out of our scope of knowledge this may be due to.....
Added by Splithand on May 18, 2013 at 4:19am — No Comments
It seems that price will breakout of this wedge soon. My bias is to the upside, based mainly on the dynamic rising support line that has been respected recently. GBP does seem weaker as well.
Please share any comments/opinions.