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USDJPY

USDJPY is bullish trading sideway may rise to 111.00 only daily close below 109.05 will change Usdjpy to bearish
for 107.50 suggest to sell on a daily close below 109.05 with stop of 50 pip

Added by peter tec on September 30, 2014 at 9:57am — No Comments

Elliott Wave Morning Review For GBPUSD and EURUSD

On the FX, we are still tracking bullish counts for the USD against several pairs. On GBPUSD we adjusted the wave count, where structure is still looking bearish as rally from the low seems to be in three legs and limited at former swing low. Therefore, trend remains down for now, but rally above former wave iv) would put bearish view in question.

GBPUSD 1h  Elliott Wave Analysis…

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Added by Gregor Horvat on September 30, 2014 at 9:30am — 1 Comment

German Unemployment Change rises to 13 K , EURUSD is set to fall !

German Unemployment Change measures the change in the number of unemployed people during the previous month.

Usual Effect: A high reading or a better than expected number is seen as negative for the EUR, while a low reading is positive.

Frequency: Released monthly, about 30 days after the month ends

Last Read :3 K

Expectations :-2 K

Actual : 13…

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Added by Haitham653 on September 30, 2014 at 8:29am — No Comments

FX Light - Canadian GDP and Thursday's ECB Meeting & Initial Jobless Claims

September 30th 2014. The USD run has at this point probably gone too  far, too fast and yet the pressure remains on the likes of EURUSD which is a key driver of many other pairs. The catalyst for a further move lower could come via Thursday’s ECB meeting and Initial Jobless claims from…

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Added by Gary on September 30, 2014 at 8:24am — No Comments

Rabobank about first FOMC rate hike

"US personal income and spending in August were much better than a month earlier. In nominal terms, personal income grew by 0.3% and spending by 0.5%. In the same report, the Fed’s preferred measure of inflation was published: the PCE deflator fell to 1.5% year-on-year, from 1.6%. The consensus expectation was 1.4%, so the slide in inflation was smaller than had been feared. The core PCE deflator remained unchanged at 1.5%. The fall in inflation has led to several Fed doves asking for…

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Added by Daologic on September 30, 2014 at 8:21am — No Comments

GBPJPY in a longer & short term bull trend.

We have been pausing for breath over the past week to relieve the overbought conditions before the next leg higher. If we can beat last week's high at 178.60/70 we can re-start the bull trend & target trend line resistance at 179.20/25. Above here we look for a retest of September highs at 180.60/66.

The 3 day low of 177.25/10 is key for today. A break lower does look possible & should target support at 176.45/35 for a buying opportunity with stops below 176.00. Go with a…

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Added by Jason Sen on September 30, 2014 at 6:37am — No Comments

EURJPY rocketed in the second 2 weeks of September but collapsed last week to lose 50% of the gain.

We have stablised over the past 2 sessions but will only look more positive above immediate resistance at 139.05/15. Be ready to go with a break higher to target 139.42/45. Exit longs & try shorts here with stops above 1.3960. If we can reach as far as 1.3970/75 try shorts again with stops above 139.90.

Failure to hold above 138.70/65 keeps the market under pressure & targets the 2 week low at 138.40/35. Obviously this is key but a break lower looks increasingly likely for…

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Added by Jason Sen on September 30, 2014 at 6:36am — No Comments

EURGBP in a 12 month bear trend with no sign of this reversing yet as we approach 2012 lows at 7753.

However we are ranging for 3 days now & this may continue throughout the week to unwind oversold conditions. The 2 day low is 7795 but below here tests September lows at 7781. A break lower always likely in a bear trend & we then look for a test of important 2012 lows at 7753. A yearly low is always going to grab attention. This is also 7 year Fibonacci support BUT last time we bottomed here we also had the 200 month moving average here adding support. This is not the case now.…

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Added by Jason Sen on September 30, 2014 at 6:32am — No Comments

USDCHF in a strong bull trend & despite overbought conditions we look for buying opportunities on any weakness.

Immediate support is 9480/76. Try longs with stops below 9460. A break lower then meets the next support at 9440/35 & a low for the day expected if we fall this far. Try longs again with stops below 9420.

Immediate resistance at September highs of 9530/32. A break higher always a strong possibility in this bull trend & should target 9560/65 then 9595/9600 perhaps later in the week.…

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Added by Jason Sen on September 30, 2014 at 6:30am — No Comments

AUDJPY in a strong 3 week bear trend but has bounced aggressively off 9510/08 in the past 2 sessions.

We could reach as far as strong resistance at 9590/95 today. Exit longs & try shorts with stops above 9615. An unexpected break higher however sees 9595/90 act as support for a move towards 9640/50. Again exit longs & try shorts with stops above 9670.

There is a good chance we will be unable to beat 9590 keeping the outlook negative for a return to last week's low at 9540/35. A break below the 2 day low at 9510/08 should trigger stops in the market & targets important key…

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Added by Jason Sen on September 30, 2014 at 6:30am — No Comments

USDCAD in a 3 month bull run but just developing a short term bull flag pattern as we become overbought.

The parameters of this flag are resistance at 1.1155/60 & support at 1.1110. Trade these levels until we see a breakout. Exit shorts & try longs at 1.1110/00 with stops below 1.1080.

Trying shorts at 1.1155/60 is more risky in a bull trend so keep stops tight at 1.1170. Be ready then to go with a break above 1.1180 for a move towards 1.1220/25 & possibly as far as 1.1245/50 this week to exit any longs. Above we meet this year's high at 1.1278 & can try shorts within…

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Added by Jason Sen on September 30, 2014 at 6:28am — No Comments

Oil

Oil: NOV : previous order closed with 220 pips profit. buy the black liquid from 93.35 with TSL 92.30 & TP 95.64.

Added by Pierre Chahine on September 30, 2014 at 12:34am — No Comments

EUR/JPY Consolidation

The EUR/JPY has retraced back to the 50% Fibo level (September low 135.701 to September high 141.210) and support appears to be consolidating above 138.456 (50% fibo retracement). With the stochastics just barely entering the oversold area, I could see further consolidation between 138.456 to 139.106.

Should the the bulls take back control, the next resistance will come in at the 0.382 retracement at 139.521 (Fibo from 145.676 to 135.716) and then resistance with 200DMA currently at…

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Added by Ben Wong on September 29, 2014 at 8:56pm — No Comments

Daily Technical Strategist On GBPJPY

GBPJPY: Faces Corrective Pullback Threats



GBPJPY – Although GBPJPY may be holding on to its medium term uptrend, it faces corrective pullback threats. While the 180.70 level continues to hold as resistance, corrective pullback cannot be ruled out. On the downside, support comes in at the 177.00 level where a violation will aim at the 176.50 level. A break below here will target the 176.00 level followed by the 175.50 level. Further down, support lies at the 175.00 level. Resistance… Continue

Added by fxtech on September 29, 2014 at 7:43pm — No Comments

Winning Trade on 29 th September-2

EUR JPY:

I warned everyone on the forum to look for long signals once we reached a measured move from high of the day to opening price and price gave us one in the form of…

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Added by Constantine on September 29, 2014 at 3:30pm — No Comments

DJ30

DJ30: sell the index from 17108 with TSL 17226 & TP 16840.

Added by Pierre Chahine on September 29, 2014 at 3:16pm — No Comments

DAX

DAX 30 CFD:  buy the index 9357 with TSL 9290 & TP on 9520.

Added by Pierre Chahine on September 29, 2014 at 3:07pm — No Comments

USD/JPY

USDJPY: Already (SHORT) sold the pair from 10888 & from 10956 (AV 109.22) with TSL 10994 & TP 10864.

Added by Pierre Chahine on September 29, 2014 at 1:51pm — No Comments

Winning Trade on 29 th September

EUR USD 10 Min:

I called this with entry point in the main room.

Today was a difficult day to trade with few clear signals. It was a…

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Added by Constantine on September 29, 2014 at 1:00pm — No Comments

NZD/USD

NZD/USD: previous order closed with 94 pips loss,  the pair 0.7704 with TSL 07628 & TP 0.7945.

Added by Pierre Chahine on September 29, 2014 at 12:59pm — No Comments

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