The EURUSD continued to move in tight rang the past few days , printed resistance at the 1.3824 levels yesterday .This development leaves the pair targeting the 1.3750 levels where a breach will turn focus on the 1.3710 levels , further downside will aim the 1.3665 levels.
On the upside , resistance comes at the 1.3824 levels , break of 1.3824 levels on a daily basis would recapture the 1.3865 levels , If this resistance is taken out , expect the pair to strengthen further towards the…Continue
Added by Haitham653 on April 23, 2014 at 6:43am — No Comments
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 102.5723
Sell Stop: 102.7557
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…Continue
Added by Martin Kay on April 23, 2014 at 4:00am — No Comments
The British Pound was finally able to close above the 1.68 level today. Although there's no real price action for us to trade, we can look for a retrace into support for a price action buy signal. Let's see what we get the rest of this week.
The GBPAUD is trying to recover from recent lows. It was able to hold its footing above the 1.792 level today. If the correction is to continue, we may see a test of the 1.812 level in the coming days.
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Added by Francesc Riverola on April 22, 2014 at 12:59pm — No Comments
EURUSD 5 Min:
Price broke out of an overnight range in a spike down but quickly reversed into a spike and channel up then retraced in 4 waves: Low 1 High1 Low 2 High2 Low 3 High 3 Low 3 H3 Low 4. The Low three was the bottom of a wedge line (bold…Continue
Added by Constantine on April 22, 2014 at 11:33am — No Comments
Most viewed webinars - April 14th - 20th:Continue
Added by Francesc Riverola on April 22, 2014 at 11:01am — No Comments
EURJPY 5 Min:
Price broke out of a trending range in the early hours in a spike channel spike pattern the last one being an exhaustion push. It then spike and channelled up and retraced in 3 waves: Low 1 High1…Continue
Added by Constantine on April 22, 2014 at 11:00am — No Comments
“In a state of overconfidence or euphoria, you can’t perceive any risk because euphoria makes you believe that absolutely nothing can go wrong”
April 22nd. I’m back this morning after a week away and market liquidity should be back after yesterday’s holiday.…Continue
Strong resistance and psychological level 1300 push down gold yesterday. No more bullish sentiments are expected. On the other hand 1281, yesterday low is a key supported level.
1290.86 is daily pivot level, 1280.70 is a key support level for this metal and 1290.80 is a major resistance area. If 1281 breaks than the next target would be 1277 and 1250 respectively.
sell below 1295 expected targets 1283/80,…
Mirrored price action in EURUSD yesterday although gains in this currency pair are more pronounced due to a weaker CHF. Using the 13 day moving average as a platform, minor gains took prices into the daily Ichimoku Cloud. This price action does not provide strong intraday signals but they are mildly positive with potential for .8880 and .8912.…Continue
Added by Alan Collins on April 22, 2014 at 7:00am — No Comments
"Trading Strategy: We like EUR/USD higher to tax ECB patience. A break of 1.40 looms. Cable can get dragged higher too near term as markets romance the idea that Bank of England can (a) raise rates before the Fed; and (b) subsequently tighten faster than the Fed. Long term GBP fundamentals are poor. We are sellers of NZD versus USD on any rallies to 0.87-0.90. We are sellers of SEK. In EMFX, we still like long USD/CNH for 6.30 then 6.40…Continue
Outlook: Play the range
ST Resistance: 0.8670 (ahead of 0.8740)
ST Support: 0.8500 (ahead of 0.8440)
The currency broke convincingly out of its upward trend at the end of last week. This week, it should be capped by the March 2014 high.…
Added by Daologic on April 22, 2014 at 6:31am — No Comments
Added by Pierre Chahine on April 22, 2014 at 5:52am — No Comments
Added by Pierre Chahine on April 22, 2014 at 5:50am — No Comments
Full text is here
LONG EUR above 1.3790 SL 1.3780 TP 1.3820-1.3850-1.3880-1.3905
SHORT EUR below 1.3860 SL 1.3870 TP 1.3820-1.3795-1.3760-1.3740
SHORT GOLD below 1290 SL 1294 TP 1278-1272
LONG GOLD above 1295 SL 1291 TP 1302-1305-1312
Not a lot of price action today. However, the AUDNZD is still range bound as it's capped by the 1.09 level. A break to the upside may provide quite a bit of room to run. We might see some price action this week that would indicate whether the AUDNZD is ready to break this range, or turn south for another test of recent lows.
The NZDJPY is still holding that key level at 87.6. The price action at the moment is looking fairly bullish. However, the pair's…Continue
Added by Justin Bennett on April 21, 2014 at 11:43pm — No Comments