USD CAD 5 Min:
Today was a major news release. It does not matter what it was as long as it was high importance which it was. I called this on Skype with a colleague.
Added by Constantine on August 22, 2014 at 1:24pm — No Comments
Currently we are at 0.8494. We have a break of the wedge and looking for a continuation to the resistance area @ 0.8515 with an overall target @ 0.8540. The average daily true range (ATR) for the pair currently is 42 pips.…Continue
Added by Scott Barkley on August 22, 2014 at 1:17pm — No Comments
EUR USD 5 Min:
I called this in the main room soon after similar short on GBP USD which I also called.
Price rose from open then fell through it in a high momentum channel eventually hitting support and rising in a small but well…Continue
Added by Constantine on August 22, 2014 at 1:10pm — No Comments
BUY EUR/AUD 1.4249 STOP LOSS 1.4141 TAKE PROFIT 1.4349
Added by A PRASAD REDDY on August 22, 2014 at 12:34pm — No Comments
Added by thangadurai on August 22, 2014 at 12:22pm — No Comments
***Large Bearish Move In Sight , eyes on 1240 ***
The XAUUSD continued its bearish momentum yesterday , topped at the 1291 levels and bottomed at the 1272 levels , now pressure will be on the key support 1272……
The XAUUSD will have to hold below the 1272 levels on a daily closing basis to push the market for further downside losses , If seen , It will target 1259 next where a cut is likely , If seen , It will target the…Continue
Added by Haitham653 on August 22, 2014 at 11:26am — No Comments
USDJPY: Triggers Corrective Pullback
USDJPY: Although maintaining its broader uptrend, USDJPY faces corrective pullback threats. Resistance resides at the 104.00 level where a break will target the 104.50 level. Further out, resistance comes in at the 105.00 level where a violation will aim at the 105.50 level and possibly higher towards the 106.00 level. On the downside, support comes in at the 103.08 level where a break if seen will aim at the 102.50 level. A break if it occurs will…Continue
Added by fxtech on August 22, 2014 at 10:27am — No Comments
USD JPY 15Min:
This is a classic pattern. Price channeled down in the early morning then retraced sharply to give a tight little complex with two waves Low 1 High 2 which failed in the direction of the trade to give a low two short signal. You must…Continue
Added by Constantine on August 22, 2014 at 10:15am — No Comments
No change , outlook in EURUSD remains on the downside as long as resistance 1.3312 holds on a daily closing basis, next support comes at the 1.3206 levels , a halt is likely , but sustained trading below this level will pave the way towards the 1.3150 levels ahead of the 1.3070 levels , further losses will aim the 1.3000 levels …
On the upside , resistance comes at the 1.3312 levels , sustained trading – daily closing – above the 1.3312 levels will turn outlook neutral for retesting…Continue
Added by Haitham653 on August 22, 2014 at 10:06am — No Comments
The outlook is positive but we are entering overbought territory & perhaps we have seen a high for the week. Good support at yesterday's low of 103.70/60 but below here 103.40/35 should hold the downside. However if we continue lower look for a buying opportunity at 103.10. Exit shorts & try longs with stops below 102.95.
Yesterday's high is 103.96 then our next target & resistance at 104.10/15. Be careful in these overbought conditions but if the pair…
Added by Jason Sen on August 22, 2014 at 9:39am — No Comments
Failure here today risks a slide as far as 1.6520/10. If the pair continue lower look for 1.6479/72 which should hold the downside today.
Immediate resistance at 1.6615/30 could hold a move higher. However above is more positive in this oversold market & can lead to higher towards 1.6670/80. A high for the day is expected if we trade up this far. Exit longs & try shorts with stops above 1.6700.…
Added by Jason Sen on August 22, 2014 at 9:38am — No Comments
We have exited shorts to try longs with a very good chance of a low for the week as stated yesterday. This is an important level so we need wider stops, in this case below 1.3210. Just be aware that however that a break lower could target 1.3775/70.
If we hold 1.3250/40 as expected again today look for a bounce back to our first target of 1.3295. We did already struggle here yesterday as forecast but if the pair can continue higher we should then target 1.3320/25. A…
Added by Jason Sen on August 22, 2014 at 9:38am — No Comments
As predicted this did hold the downside & in fact we bottomed exactly here. Any longs here were rewarded with a potential 60 pip profit as the pair shot higher to our 9303/07 resistance & topped exactly here at 9311. We should struggle here again today but above here meets trend line resistance at 9320/25. A good chance of a high for the day but above here look for a selling opportunity at 9335/45 with stops above 9360.
We are in a short term bear trend &…
Added by Jason Sen on August 22, 2014 at 9:37am — No Comments
GBPUSD moved even lower in this week, now beneath 1.6600 that can represent final stages of wave (v) in 3 that may seek for a support around 1.6500/1.6550. We still believe that rather sooner than later pound will turn up into a corrective rally. We will be tracking wave 4 then that can even move up back to 1.6680 before downtrend resumes. That kind of pullback in three legs would be a good one to join the trend.
GBPUSD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on August 22, 2014 at 8:21am — No Comments
Sterling driven by bear power and approaching the 1.6540 support level. We expect this level could give strong support.
If this level breaks sterling could fall to 1.6480 and 1.6429 levels.…
Added by thangadurai on August 22, 2014 at 6:59am — No Comments
As per our Weekly Technical Analysis EURO found support at 1.3250 and breaks the important resistance level 1.3270 and close above this level. Now Euro get some bull power and approaching the 1.3303 level. If this breaks we can expect further upside upto 1.3352 resistance level.
The most preferable scenario is Euro approaching…
Added by thangadurai on August 22, 2014 at 6:30am — No Comments
Added by thangadurai on August 22, 2014 at 6:08am — No Comments
SELL AUD/JPY FROM 96.72 STOP LOSS 97.08 TAKE PROFIT 95.97
Added by A PRASAD REDDY on August 22, 2014 at 5:43am — No Comments