All Blog Posts (19,647)

Week 43 trading stubs, lots of contradicting signals across

Strength of JPY anticipated last week played out nicely in the first part of the week, especially GBP/JPY shorts were hitting far targets on consistent basis. Coming week has lots of contradicting signals across the major currencies, therefore will be staying away for the most part. The only clear signals in my book for the week are in AUD/JPY and CAD/CHF pairs. In terms of events to shake the markets, BOC will have its rate announcement on Wednesday, worth…
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Added by FuturesMO on October 20, 2014 at 3:44pm — No Comments

Winning Trade on 20th October-2

EUR JPY 3 Min:

Today was a trending ranging day in other words although their were large bull pull backs the overall direction was bearish.

Price fell to the daily central pivot point and formed on the 10 Min chart almost a classical reversal signal.…

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Added by Constantine on October 20, 2014 at 3:00pm — No Comments

USD/CHF short-term technical outlook

USD/CHF is short-term bearish following the loss of .9471 / 72 last Wednesday, with a corrective recovery now under way from .9371. .9487 has so far capped gains, but as yet this is unconfirmed as the looked-for sub .9590-95 lower top for a further decline towards .9305-34 and .9274-93, with scope existing for the recovery to extend towards the .9520-.9562 area. Clearing .9558-62 then .9590-95 would be bullish. …

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Added by Rahul Khanna on October 20, 2014 at 2:25pm — No Comments

wide range swings may be seen in this week

Dear All

We are into a new week 20-24 October.The market is expected to make wide range swings  with eitherway stop hunts.This time GBP may hold and EURO might slight more to handle EURO/GBP cross on the downside.The sequential moves may be seen - commodity crosses,commodity pairs,yen crosses,majors and finally European crosses may undergo extreme eitherway stop hunt moves during this week and next week.

I have explained today (20 Oct) during my Asian session : Live market…

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Added by Dr. Sivaraman on October 20, 2014 at 1:52pm — No Comments

Daily Technical Strategist On USDJPY

USDJPY: Hesitates Ahead Of The 107.52 Level. USDJPY: Trouble is now looming ahead of the 107.52 level as USDJPY is now facing bear threat. If it closes lower on a negative candle, it would have ended its recovery and turned risk lower. On the downside, support comes in at the 106.00 level where a break if seen will aim at the 105.50.00 level. A break if it occurs will aim at the 106.00 followed by the 105.00. Conversely, resistance resides at the 107.50 level where a break will target the…

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Added by fxtech on October 20, 2014 at 1:09pm — No Comments

Trading behaviour explained through USD Index - a brief guide.

I would like to use USD Index chart to paint a picture of how behaviour of market participants can ebb and flow. Most common feature is the herd behaviour (increasingly due to greater role of the retail traders) to overestimate news impact by following a base case scenario, tempering news to the contrary. Example: USD index rallied on anticipation of FED raising interest rate mid 2015 (also ECB QE) without much regard to how weakening data could affect that outlook. Also US yields rallied…

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Added by Rahul Khanna on October 20, 2014 at 10:46am — No Comments

Winning Trade on 20th October

EUR JPY 15 Min:

I called this in the forum with entry and profit points.

Price fell from the open to the weekly central pivot point. It rose and fell in 3 waves High1 Low1 High2 Low2 to a double bottom and measured move (short…

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Added by Constantine on October 20, 2014 at 10:00am — 1 Comment

AUDUSD Elliott Wave Analysis: Weakness In Play

AUDUSD has been falling hard for the last couple of months from 0.9400, a move that is a considered as an extended wave 3 because of big and fast move. As such, we believe that pair is in impulsive downtrend, it means that decline from July high needs to be made by five subwaves. If that's the case then one leg is still missing; we expect a break down into a wave 5 towards 0.8500 area to complete wave A) later this month.

AUDUSD Daily Elliott Wave Analysis…

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Added by Gregor Horvat on October 20, 2014 at 9:28am — No Comments

EURUSD Weekly Forecast Oct 20 2014

The EURUSD jumped towards the 1.2886 levels last week ,  and printed a new resistance at this level which could change trend direction the upcoming weeks , before we continue let’s highlight the most important events which may influence EURUSD pair next week : 

Tuesday , Oct 21 2014

  • US will release its report on Existing Home Sales.…

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Added by Haitham653 on October 20, 2014 at 8:55am — No Comments

Day Trading Recommendation as on20-10-2014

Gold:

Gold prices moved between small gains losses in early Asian Session. The last week was a profitable week, this metal showed an outstanding move. Gold has gained more than 68 dollars in last two weeks.

Recommendations:

Buy near 1236, Expected Tragets 1245, Stop Loss 1230 , sell stop 1229.

Supports:

S1 1232.5167

S2 1226.9533

S3 1222.4267



Resistance:

R1 1242.6067

R2 1247.1333

R3 1252.6967

GBPUSD:

Great…

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Added by Usman Ali on October 20, 2014 at 8:11am — No Comments

Forex & Futures Wrap-Up

Added by 50Pips on October 20, 2014 at 8:02am — No Comments

BNZ: NZDUSD-play the range

Outlook: Play the range

ST Resistance: 0.8050 (ahead of 0.8120)

ST Support: 0.7780 (ahead of 0.7700)

Last week, the 0.8000 level stamped its mark as serious

resistance. With NZD/USD finding a base above 0.79 late

last week, we remain some distance from key support

at…

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Added by Daologic on October 20, 2014 at 7:26am — No Comments

WAVETRENDZ ANALYSIS

SELL GBPJPY AT 172.80 STOP LOSS 173.58 TAKE PROFIT 168.04 

SELL USDJPY AT 107.28 STOP LOSS 107.42 TAKE PROFIT 104.37

WAVETRENDZ ANALYSIS 

Added by A PRASAD REDDY on October 20, 2014 at 5:40am — No Comments

FOREX forecast 20.10.2014-24.10.2014

EUR slowly looses positions from last Wednesday's upside jump and is trading currently at the 1.2750 support. Next stronger support is at 1.2700, for which i ecpect to hold and the recovery to continue to 1.2900 and above. However if for some reason we have a Daily close below 1.2700, this will reopen the way back to 1.2540 and below. This week we do not have any so much important news, except PMI data on Thursday and US jobless claims later the same day.

GOLD is locked within the…

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Added by Vladimir Mihaylov on October 20, 2014 at 5:15am — No Comments

Boursajee Currencies Outlook



EUR/USD: Already (LONG) bought buy the pair from 12748 with TSL 12670 & TP 12940. 

GBP/USD: Already (LONG) bought the pair from 15880 with TSL 15964 & TP 16124. 

USDJPY: Already (SHORT) sold the pair from 106.60, ADD 107.40 with TSL 107.90 & TP 104.72. 

EUR/JPY: Already (SHORT) sold the pair from 136.54 with TSL 13748 & TP on 13420. 

GBP/JPY: sell the pair from 17328 with TSL 17450 & TP on…

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Added by Pierre Chahine on October 19, 2014 at 10:02pm — 1 Comment

Boursajee Commodities Outlook


Gold: sell the precious metal from 1246 with TSL 1276 & TP on 1208. 
Silver: Already (LONG) bought the grey metal from 17:10 with TSL 16:65 & TP on 17.55.THEN/OR sell it from 17.55 with TSL 18.24 & TP 16.48. 
Oil DEC: buy the black liquid from 81.40 with TSL 80.20 & TP on 87:40.

Added by Pierre Chahine on October 19, 2014 at 9:59pm — No Comments

Boursajee Indices Outlook



FTSE-100 CFD: Already (SHORT) sold the index from 6248 ADD 6230 with TSL 6350 & TP on 6020. 

GER30 DAX CFD: sell the index from 8766 ADD 8838 with TSL 8880 & TP 8372. 

SPX500 CFD: Already (SHORT) sold the index from 1868 & from 1884 (AV 1876) with TSL 1915 & TP 1810. 

DJ30: sell the index from 16448 with TSL with TSL 16535 & TP is open. 

NSDQ100 CFD: Already (SHORT) sold the index from 3804…

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Added by Pierre Chahine on October 19, 2014 at 9:56pm — No Comments

Inside the Currency Market: Roundup, All Pairs

  Common themes this week is 20 day averages still dictate market prices and that won't change anytime soon, tons of market moving economic data will be released in all majors and most important is all USD pairs and the DXY are well above long term equilibrium rates. Market prices in 65+ currency pairs, 100+ currencies are all correctly positioned and correctly priced. AUD/CAD is below, EUR/GBP above as just one example means sell EUR, GBP, AUD and NZD rallies and buy any USD dips…

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Added by Brian Twomey on October 19, 2014 at 11:54am — 6 Comments

The Week Ahead On USDCHF

USDCHF: Bearish, Extends Weakness

USDCHF: Outlook for the pair continues to point lower following its bearish price extension the past week. On the downside, support lies at the 0.9350 level with a break targeting the 0.9300 level and then the 0.9250 level. Further down, support comes in at the 0.9200 level. A cut through here will target the 0.9150 level. On the upside, resistance resides at the 0.9450 level where a break will aim at the 0.9500 level. Further out, resistance resides…

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Added by fxtech on October 18, 2014 at 11:40pm — No Comments

Target Trading in the Forex upcoming week of October 19, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2760.  We are looking for the finish of the correction in the 1.3000 area then down to the S8 target  @ 1.2422.  The average daily true range (ATR) for the pair currently is 131 pips.

 …

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Added by Scott Barkley on October 18, 2014 at 4:35pm — No Comments

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