In this brief post I share today’s daily review for the GBP/USD, AUD/USD, USD/CAD & NDZ/USD major forex pairs. In the video I review the daily and 4-hour sequences and provide explanation of market action and price dynamics, plus actual setups for tomorrow.
Below the video analysis for the aforementioned markets:…Continue
Added by FibStalker on March 7, 2014 at 4:05pm — No Comments
USDJPY 5 Min
Price spike up with the NFP and came down in three waves: Low 1 High 1 Low 2 High 2 Low 3. Price then hit the 20MA (Green lines) and a measured move equal to the height of the channel it had just broken out of (bold…Continue
Added by Constantine on March 7, 2014 at 4:00pm — No Comments
In this brief post I share today’s daily review for the USD/JPY, EUR/JPY & GBP/JPY major forex pairs. In the video I review the daily and 4-hour sequences and provide explanation of market action and price dynamics, plus actual setups.
Below the video analysis aforementioned markets:
Notice that price…Continue
Added by FibStalker on March 7, 2014 at 3:30pm — No Comments
In this brief post I share today’s daily review for the EUR/USD forex pair, the S&P500 emini, the Dollar Index futures and the Gold mini futures. In the video I review the daily and 4-hour sequences and provide explanation of market action and price dynamics, plus actual setups.
Below the video analysis for the above aforementioned markets:…Continue
Added by FibStalker on March 7, 2014 at 3:25pm — No Comments
I have sold NZD/USD @8453 few minutes ago after it was rejected at the top of the horizontal channel. The channel is formed in an eight (8) hour chart. Price was in ranging mode with massive accumulation process (just…Continue
Currently we are at 1.6369 attempting the break north of the wedge. We are looking for a bullish continuation to the resistance area @ 1.6420-28. The average daily true range (ATR) for the pair currently is 141 pips.…Continue
Added by Scott Barkley on March 7, 2014 at 1:54pm — No Comments
" EURUSD rallied in the wake of the ECB policy meeting yesterday which left expectations of some sort of policy action in tatters; no rate cut, not SMP suspension and no strong indication from…Continue
Added by Daologic on March 7, 2014 at 1:10pm — No Comments
For more than one month, I build a strong case for shorting the euro, bringing many fundamentals to support my idea, as also some technical patterns who were suggesting that it “might work”. I, as many other traders, were waiting for Mr Draghi to pull the trigger during his press conference, yesterday. However, something really strange happened yesterday morning, six hours before the ECB press conference: the euro-bund dropped from 144.67 till 142.45. How is it possible to sell so…Continue
Added by Arenoosh on March 7, 2014 at 12:23pm — No Comments
EURJPY 5 Min:
Price was on its first retracement after a spike up. It fell in three waves: Low 1 High 1 Low 2 High 2 Low 3. Entry was 1 pip above the signal candle.
There were 4 hard signs for the trade:
High 3 long signal after a spike which is usually a…Continue
Added by Constantine on March 7, 2014 at 11:21am — No Comments
ANZ - "· Declining resistance (off 2008’s 1.6040 high), which capped EUR/USD at 1.3885-90 in December, is being breached (1.3820-25 this week).
· A weekly close above 1.3825 (confirmed above 1.3895) should trigger a range flip to 1.4150 if not a broader measured target of 1.4420.
· Despite breaking declining resistance, broad patterns since 2008 are considered corrective with strong resistance likely at 1.4420-50.
· A close below 1.3820 would reduce near term upside…Continue
Added by Francesc Riverola on March 7, 2014 at 10:54am — No Comments
US Non Farm Payrolls data impact on markets - Scenario Analysis
"USD – can it recover?
ECB President Draghi was a little more forthcoming than usual in talking about the EUR at yesterday’s post policy meeting press conference. He highlighted the ECB’s rule of thumb…Continue
Added by Daologic on March 7, 2014 at 10:26am — No Comments
It took me five years to learn to play the game intelligently enough to make big money when I was right. Jesse Livermore (1877-1940), stock trader & speculator FRIDAY 7TH MARCH.
While the S&P continues to grind higher EURUSD has now broken the long held descending trend put in…Continue
Added by www.fxlight.co on March 7, 2014 at 9:30am — No Comments
GBPUSD - Trade Recommendation
Added by Omkar Godbole on March 7, 2014 at 9:30am — No Comments
Today is a big day for the markets; the US NFP report will be released later at 13:30GMT. The expectations are 151K. Number above it will send the USD higher and EUR would reverse from resistance while figure around 130K or even lower with be ca catalyst for EURUSD move above 1.3900.
Technically speaking we still don’t know if EURUSD is now at the top of wave D that is part of a triangle or if pair will continue straight up. However, short-term charting suggests a reversal down…
Added by Gregor Horvat on March 7, 2014 at 9:24am — No Comments
Thursday’s sharp advance reinforces the bullish trend as it closed above 1.3827. There’s scope for more upside to break above 1.3893 and then open the way to resistance at 1.4052. Support is at 1.3708.
The pair advanced on Thursday to bring our focus on the resistance at 103.65. A close above this will be positive, opening the way to 105.44. Support is at 102.12 ahead of 101.20.
Added by Daologic on March 7, 2014 at 8:17am — No Comments
"AUD is likely to squeeze out shorts and may rise to .92/93
As discussed in recent reports, the Australian economic data has been much stronger than expected over the last week. The RBA Governor has attempted to discourage the AUD from rising by saying it is historically high. He repeated that today to parliament. However, he has been reluctant to say more.
He has emphasised that the RBA currently expects a long period of stable rates. In fact he has suggested…
Added by Daologic on March 7, 2014 at 6:44am — No Comments
Sell EURAUD at 1.5330
Target of 1.45; Stop of 1.5510
"The ECB is not easing but it’s not tightening for a long time either. Meanwhile, better Australian data point to more focus on RBA policy prospects (we expect rates to move up late this year). Narrowing spreads risk pulling EURAUD sharply lower through the balance of the year and technical signals point to a possible trend reversal. Sell into modest EURAUD gains from here."
Added by Daologic on March 7, 2014 at 6:27am — No Comments