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
Currency prices and currency pair alignments must be viewed in periods. Periods are defined on a larger scale from historic beginnings based on Gold. Here's the official 1982 United States Gold report, the only report ever commissioned by the US government. It outlines Gold's history from the 1500's. https://mises.org/books/caseforgold.pdf ;
The common theme from 1500 - 1982 is every 50 years the monetary system…Continue
USD/CHF: The US Dollar pushed higher against the Swiss Franc as expected after putting in a Bullish Engulfing candlestick pattern. Near-term resistance is at 0.9175, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 0.9223.Alternatively, reversal below support in the 0.9089-0.9114 area marked by the 23.6% Fib and the August 5 close clears the way for a challenge of a rising trend line set from early May, now at…Continue
Added by Malik Hassan on August 22, 2014 at 2:31am — No Comments
AUDUSDThe majority of retail traders have remained long the Australian Dollar versus the USD since the pair turned lower from July highs near $0.9470. Our trading bias remains in favor of audusd weakness.The recent AUD bounce off of multi-month lows suggests that the pace of declines might slow, but we believe that a breakabove month-to-date highs near $0.9360 is necessary to call for a more important bounce. We would likewise need to see crowds selling into any such audusd rally.
Added by Malik Hassan on August 22, 2014 at 12:18am — No Comments
Since May 5 2014 Eurusd dropped 814 pips from its Fresh supply, and i posted the chart for that long term analysis, my target was 1.3400 for that swing setup, but as we know we are still holding up trendline on monthly, and sitting at weekly Fresh demand zone. So this is another good buy opportunity on the way. This is my analysis for public, it might help you guys little. The chart setup is not a guaranteed profit taking setup, they are just odds for next swing high. chart is…Continue
GOLD: Sells Off Sharply
GOLD: With continued downside pressure seen, GOLD extended its weakness during Thursday trading session. Support lies at the 1,257.68 level where a break will aim at the 1,230.00 level. A break will target the 1,200.00 level with a violation turning attention to the 1,180.00 level. Below here will expose the 1,160.00 level and then the 1,140.00. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance lies at the 1,285.00 level…Continue
Added by fxtech on August 21, 2014 at 9:27pm — No Comments
Aussie dropped below the major level 0.9300 yesterday and close below that level. Today weakness in Aussie seen in the asian market and reached 0.9238 support level and back above the…Continue
The bullish traders get support from 1.0879 level and send the pair nearly 100pips rally on first three days of trading.
Todays open was just above the 1.0961 weekly R1 level, if this level breaks we…
Added by thangadurai on August 21, 2014 at 1:30pm — No Comments
AUDUSD has moved bearishly in the Asian session re-experiencing the initial support at 0.9230 as seen on the provided daily chart. The bearishness started yesterday will be affirmed with a break below the aforesaid support, as we are currently witnessing mild rebound from this zone. To conclude, we will be neutral, while a break below 0.9230 will activate bearish scenario. On the other side, coming above 0.9310 again will negate bearish probabilities.
Added by Malik Hassan on August 21, 2014 at 11:48am — No Comments
Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis , next support comes at the 16550 levels , losing this level will open 1.6450 levels , a halt is likely , but further losses will aim the 1.6250 levels…
On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6678/1.6738 levels before the next fall….
In all , as long as resistance 1.6610 holds…Continue
Added by Haitham653 on August 21, 2014 at 9:06am — No Comments
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 the 1.3363…Continue
Added by Haitham653 on August 21, 2014 at 9:04am — 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 21, 2014 at 8:00am — No Comments
21st August 2014. Yesterday’s Fed minutes were a bit of a strange event. The tone was clearly more hawkish and yet the equity markets took it all within stride. The Fed exiting QE and raising interest rates is apparently no problem. Still watch these markets carefully into the end of the week as we…Continue
Added by Gary on August 21, 2014 at 7:18am — No Comments
Added by thangadurai on August 21, 2014 at 7:00am — No Comments
Added by BanwariLal Bamalwa on August 21, 2014 at 5:57am — No Comments
EUR has lost almost 200 pips since Monday and the pair despreately needs a correction but still there are no any signs of a possible correction. EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US. Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness. The pair needs a correction at least to 1.3330-50, and maybe more next week. But first we need to deal with the 1.3290-1.3310 resistance…Continue
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Wednesday's high 1.3323,…Continue
Added by Nili on August 21, 2014 at 4:31am — No Comments