CRUDE OIL: Turns Lower, Vulnerable
CRUDE OIL: With the commodity reversing its intra day gains during Wednesday trading session, it faces the risk of further downside pressure. On further weakness, support comes in at the 102.94 level where a breach will aim at the 102.04 level. A cut through here will target the 100.68 level with a push below here if seen will expose the 99.93 level with a violation targeting the 99.81 level. Further down, supports are seen at the 98.86 level and…Continue
Added by fxtech on April 16, 2014 at 7:30pm — No Comments
DB, the largest player in foreign exchange with a market share of 15.2% -- has been hit with losses as a result of unpredictably volatile emerging market currencies. Should we buy that this may just be a temporary lag in performance, or will it be the new normal?…Continue
Added by Ron Schelling on April 16, 2014 at 3:00pm — No Comments
Added by gregorian on April 16, 2014 at 1:59pm — No Comments
ZanGal Indices Outlook:
FTSE-100 CFD; buy the index from 6472 with TSL 6428 & TP is open.
SPX500: CFD: Already bought the index from 1823 with TSL 1833 & TP 1910.
DJ30 CFD: already closed the previous order with 278 pips profit. Sell the index from 16.407 with TSL 16.483 & TP on 16.210.
NSDQ100 CFD: buy the index from 3458 with TSL 3404 & TP on 3559.
Added by Pierre Chahine on April 16, 2014 at 1:43pm — No Comments
GOLD : sell the precious from 1328:20 with 1341:10 & TP 1286:40 THEN/OR buy the good from 1284:40 with TSL 1268:80 & TP is open.
SILVER : sell the precious grey metal from 20:38 with TSL 20:96 & TP on 18:74.
OIL : JUN FUTURE currently priced @ 103:77 . sell the black liquid from 104:82 with TSL 105:62 and TP on 102:80.
Added by Pierre Chahine on April 16, 2014 at 1:42pm — No Comments
EURUSD :sell it from 139:33 with TSL 139:96 & TP 137:44.THEN/OR buy it from 137:44 with TSL 136:68 and TP on 139:96.
GBPUSD : sell the pair from 168;48 with TSL 169:04 with TP 166:46.OR/THEN buy the pair 166:46 with165:72 & TP 169:22.
USDCHF: Sell the pair from 0.88:53 with TSL 0,89:14 with TP on 0.86:38 THEN/OR buy it from 0.86:38 with TSL 0.85:77 & TP is open.
USDJPY : Already bought the pair from 102:16,add…
Added by Pierre Chahine on April 16, 2014 at 1:41pm — No Comments
Using the proper risk to reward ratio is what turned my Forex trading around. Like many traders, when I first started in 2007 I was attracted to the trading strategies that made me feel "safe". By safe I'm mostly referring to the scalping strategies that have a 120 pip stop loss and a 12 pip profit target. Essentially risking $120 to make $12. Of course I wasn't thinking in terms of dollars risked back then, only pips.
I later realized (after A LOT of…Continue
Added by Justin Bennett on April 16, 2014 at 1:35pm — No Comments
EUR/USD managed to stage a gradual recovery reconquering the 1.3830 line. Less than impressing inflation figures from the euro-zone capped further significant advances. A wide range of FOMC speakers, including Yellen, as well as US housing data will set the tone later in the day.
Here is a quick update on the technical situation, indicators, and market sentiment that moves…Continue
Added by Yohay Elam on April 16, 2014 at 9:57am — No Comments
Yesterday some commodities fell sharply, and gold was no expectation. We have seen a very powerful bearish move away from 1330 that has unfolded in five legs so we think that this market will go even lower, but after a three wave bounce. We see nice resistance zone for wave c at 1310-1315.
GOLD 1h Elliott Wave Analysis…
Added by Gregor Horvat on April 16, 2014 at 9:44am — No Comments
Recommendations: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue
Added by Haitham653 on April 16, 2014 at 7:34am — No Comments
Day Trading Recommendations for Majors as on 16-04-2014
EUR/USD:Buy:1.3805, TP1.3845, SL1.3775,Sell stop 1.3768
GBP/USD: Sell Below 1.6750 ,TP1.6690,SL1.6770 , BUY STOP 1.6775
GOLD: Sell1308,TP1292,SL1312, BOB1315
Important News:GBP: Claimant Count Change, Unemployment Rate @01:30pm, USD: Building Permits
Added by Usman Ali on April 16, 2014 at 7:32am — No Comments
Forex reports delivered every morning by 6am. Subscribe now…Continue
Added by Jason Sen on April 16, 2014 at 6:02am — No Comments
Full text is here
LONG EUR above 1.3800 SL 1.3785 TP 1.3850-1.3880-1.3905
SHORT EUR below 1.3840 SL 1.3855 TP 1.3790-1.3765-1.3730 (use this if upside through 1.3850-60 fails) wait for mrs.Yellen's speech today
SHORT GOLD below 1304 SL 1308 TP 1290-1285-1278-1270
LONG GOLD above 1310 SL 1306 TP 1317-1321-1328
"(...)US housing sluggish to resume gains and is a factor keeping the USD from a stronger performance.
The NAHB US Housing market index, one of the most current/forward looking housing indicators was softer than projected and remained below the neutral 50 line for a third month in April. The housing market appears to have lost momentum since around mid-2013. Prices are still up significantly from lows, but activity growth appears…Continue
Added by Daologic on April 16, 2014 at 4:02am — No Comments
GBPJPY put in a daily pin bar off the bottom of a wedge that's been forming since last year. The pair also managed a pin bar on the 4 hour chart, which I posted earlier. If the pair can maintain this wedge formation we may see price test the upper boundary around 172,50. Immediate resistance may also be found at 171.50, which marks the opening gap on Dec. 26th 2013.
See More: …Continue
Added by Justin Bennett on April 15, 2014 at 11:18pm — No Comments
This pair dropped a large bullish pin bar today from the key support level down at 1.6660. We may get a dip back to intra-day support near 1.6700 before this market pushes higher again - it may well retest key resistance up at 1.6820 over the rest of this week if it can pick up some momentum.…Continue
Added by Lewis Barber on April 15, 2014 at 10:15pm — No Comments
AUDUSD: With AUDUSD remaining weak and vulnerable in a corrective mode after losing steam at the 0.9460 level the past week, further downside pressure is envisaged. Support lies at the 0.9334 level where a break will aim at the 0.9303/7 levels. A reversal of roles as support is likely to occur. Further down, support comes in at the 0.9250 level followed by the 0.9200 level where a break will turn focus to the 0.9166 level. Resistance resides at the 0.9460 level where a break will aim at the…Continue
Added by fxtech on April 15, 2014 at 3:53pm — No Comments
USDCAD: Building a Base
Open 1.0995 Range 1.0960/1.1001c Prev. Close 1.0962…Continue
Added by Daologic on April 15, 2014 at 12:12pm — No Comments