As the markets wait for the most anticipated Federal Reserve meetings since the financial crisis, volatility and ranges have dwindled to little more than a price quote.
Euro has traded in a 28 point range, 1.3385-1.3413, since yesterday's value date change at 5:00 pm New York time. Dollar/Yen has managed 83 points, 94.84-95.67, but for the past nine hours it has been restricted to 40 points and for most of the time, to barely 10 points. Sterling, Dollar/Swiss, Dollar/Canada and Aussie…
Added by Joseph Trevisani on June 19, 2013 at 5:40pm — No Comments
Currently we are at 1.3402 in a rising wedge which is bearish for the pair. A couple of different scenarios. 1: a move to the lower chart trend line and bounce creating a head and shoulders top 2: A break down here to the 0.618 Fibo @1.3187. The average daily true range (ATR) for the pair currently is 110 pips.
Added by Scott Barkley on June 19, 2013 at 12:59pm — No Comments
I'm really sad to see the degree of feuding going on on this site. There are many learned and brilliant minds here, each offers a very different insight and perspective of the market.
Disagreements of trading strategy or call for the market direction are inevitable, as we all have our own trading styles. I prefer my trading strategies have good math foundation, and evaluate/verify them with plenty back testing.
I'm not following all the posts every day, so I'm not sure how…Continue
Added by Jason Sen on June 19, 2013 at 8:06am — No Comments
EURUSD reached new high yesterday so we assume that wave 4 is already complete and that wave 5 is underway which has room for further gains, towards 1.3500 in sessions ahead. Meanwhile 1.3318 support must hold, otherwise we would assume that top is in place. From a larger perspective we need to keep in mind that wave 4 was a triangle and that triangle always occur prior to the final move of the larger pattern, which means that current leg up will sooner or later complete a bullish…Continue
Added by Gregor Horvat on June 19, 2013 at 7:51am — No Comments
Added by Jason Sen on June 19, 2013 at 7:43am — No Comments
Added by Jason Sen on June 19, 2013 at 7:30am — No Comments
UBS - "EURUSD BULLISH The pair posted a new high and is approaching the resistance at 1.3520 ahead of 1.3711. Support is at 1.3319.
USDJPY BEARISH The weakness since mid-May is approaching the significant support at 93.57. A closing break below this would be further negative opening 90.43. Resistance is at 96.10.
GBPUSD BULLISH As the bull trend persists any downside will be limited with a strong support at 1.5468. Broader focus is on the strong resistance at 1.5789; a closing…
Added by Francesc Riverola on June 19, 2013 at 7:28am — No Comments
Societé Generale - "As we head into midyear, the year-to-date change in EUR/USD has shifted back into positive territory. We see this move driven by two forces essentially: short covering, through a broad and deep position cleaning in early June; an upward repricing of forward EUR short-term rates, after Draghi in early June poured cold water on hopes of deposit rate cuts. This makes me think of January, when fears of evaporating liquidity cause a broad repricing of the Euribor strip,…Continue
Added by Francesc Riverola on June 19, 2013 at 7:12am — No Comments
USD pairs are still pending a clear direction. Early indication from Tuesday intraday trading indicates continued weakness but there are strong Support/resistance levels ahead. Next couple of days will be critical to determine a clear direction
USD/CAD has been ranged bounded few days. Overall sentiment about USDCAD remain Bearish. Currently USDCAD is completing it corrective move so look out of sharp Short…
Added by Sardar Uddin on June 19, 2013 at 7:09am — No Comments
eur/usd buy 3439 buy 3342
gbp/usd buy 5715 buy 5558
aud/usd buy 9525 sell 9428
usd/jpy buy 9581 buy 9470
dow 30 buy 15402 buy 15233
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Added by Jon Sproule on June 19, 2013 at 6:59am — No Comments
Added by Carol Harmer on June 19, 2013 at 6:46am — No Comments
please look at today swing trading plans.
Instrument Trend Recommendation 19-6-2013
EUR/USD Sell below 1.3395TP1.3350/25,SL1.3420 BOB 1.3430
GBP/USD Sell below1.5645,TP1.5610/5580 ,SL1.5660 ,BOB1.5675
GOLD Buy above 1364,TP1370/75,SL1359,BOS1355
USD/JPY Buy above 95.15TP95.70/96,SL94.80 BOS 94.75
Important news; FOMC Statement at 11pm
Added by Usman Ali on June 19, 2013 at 6:16am — No Comments
At USD/EUR 1.34, for Germany, imports are up, and exports are down. Will the ECB and the Bundesbank, both located in Frankfurt, take notice?
Added by Dimitri Diamant on June 19, 2013 at 6:02am — No Comments
Added by Carol Harmer on June 19, 2013 at 5:05am — No Comments