EURO and GBP are undergoing correction now.When all turn bullish and willing to buy and afraid of shorting after some bad sell and buy trades,the players trap the long holders.They create market sentiments and act against the traders when the traders take positions in line with the trend.
I have explained the expected market moves for the week 10-14 March during my Asian session : live market analysis webinar.
The recording is available in the given…Continue
Added by Dr. Sivaraman on March 10, 2014 at 11:33am — No Comments
Recommendations: LONG positions above 1328 with 1336 & 1341 as next targets.
Alternative scenario:The downside breakout of 1328 will call for a slide to 1322/1319.
Description: Intraday outlook in XAUUSD is neutral with risk to the upside as long as support 1328 holds on hourly basis, break of 1353 on hourly basis is needed to resume the upside offensive, If seen It will target the 1362 levels , further out will aim the…Continue
Added by Haitham653 on March 10, 2014 at 9:17am — No Comments
USDCAD turned sharply higher on Friday from 1.0952 where we see completed wave (c) that is part of incomplete triangle as already highlighted in our past updates. A triangle is a five wave pattern so we suspect that current leg up is wave (d) which means we still need wave (e) retracement before we may look for end of a corrective price action. Ideally pair will find resistance in the next 24 hours around 1.1150 area.
USDCAD 4h Elliott Wave Analysis…
Added by Gregor Horvat on March 10, 2014 at 8:57am — No Comments
“Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts” Linda Bradford Raschke, Trader & Author.
Early This morning we are seeing EURUSD in…Continue
Added by www.fxlight.co on March 10, 2014 at 8:53am — No Comments
Recommendations: LONG positions above 1.3832 with 1.3910 & 1.3960 as next targets.
Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3775/1.3750.
Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, break of 1.3915 on hourly basis is needed to resume the upside offensive, If seen It will target the 1.3960/1.4000 levels , further out will…Continue
Added by 天空の狐,ＣＦＴe on March 10, 2014 at 8:14am — No Comments
"Trading Summary | We see further upside for EUR/USD and GBP/USD. European currencies are favoured over Asia FX as investors chase risk-adjusted carry returns in a vol crushed world. We believe GBP/JPY has upside on the 'winners and losers in the Race Not to Tighten First' theme. USD/CAD to trade lower initially as spot catches up with rate spreads. However, the medium-term outlook is still one of likely appreciation on ultimately…Continue
Added by Daologic on March 10, 2014 at 7:06am — No Comments
"Better Dollar Tone Coming
The euro and Swiss franc rose to new highs since Q4 2011, while sterling moved to within half a cent of the best level since 2009 set in mid-February, in recent days. The market was all rife with speculation of a…Continue
Added by Daologic on March 10, 2014 at 6:56am — No Comments
Added by ZeusFXTrader on March 10, 2014 at 6:43am — No Comments
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SHORT EUR below 1.3920 SL 1.3940 TP 1.3850-1.3820-1.3790
LONG EUR above 1.3875 SL 1.3850 TP 1.3895-1.3910-1.3920
SHORT GOLD below 1333 SL 1337 TP 1326-1318-1312-1306
LONG GOLD above 1341 SL 1336 TP 1349-1352-1358
Added by Vladimir Mihaylov on March 10, 2014 at 6:35am — No Comments
The GBPJPY continued its bullish momentum last week , printed support at the 168.82 levels . This development leaves the pair targeting the 176.30 levels , a halt is likely , but break of the 176.30 levels will open 180.00 next , further out will aim the 183.50 levels.
On the downside , minor support comes at the 170.97 levels , stability above this level will keep pushing towards the 176.30 levels , losing the 170.97 levels will open main support 168.82 before the next rise , losing…Continue
Added by Haitham653 on March 10, 2014 at 6:32am — No Comments
The AUDUSD maintained a bullish momentum last week , printed support at the 0.8890 levels, broke above the 0.9085 levels . This development leaves the pair targeting the 0.9260 levels , a halt is likely , but break of the 0.9260 levels will turn focus on the 0.9447 levels , further out will aim the 0.9622 levels.
On the downside , minor support comes at the 0.8972 , stability above this level will keep pushing towards the 0.9260 levels , losing the 0.8972 levels would delay the…Continue
Added by Jai on March 10, 2014 at 6:29am — No Comments
Outlook in GBPUSD remains on the upside as long as support 1.6582 holds on a weekly basis , break of 1.6820 will suggest resumption and should target the 1.6900 levels , we might see hesitation , but a clear break above the 1.6900 levels , will pave the way to the 1.7100 levels , more gains will aim the 1.7300 levels.
On the downside , minor support comes at the 1.6680 levels , stability above the 1.6680 will keep the bullish momentum intact , below 1.6680 would open main support on…Continue
Added by Haitham653 on March 10, 2014 at 6:27am — No Comments
"IMM positioning in the major currencies was little changed in the week overall for the most part. The biggest and most obvious shift was in EUR positioning, with CTAs and speculative investors boosting net long EUR positioning ahead of the ECB meeting from the net long of +13.9k contracts in the week through February 25th to a net long of +23.4k contracts this week. That helped the implied aggregate long USD position held by the market slide to USD 11.2bn, the lowest since early…Continue
Added by Daologic on March 10, 2014 at 6:26am — No Comments
The EURUSD continued its bullish momentum last week , printed support at the 1.3706 levels , broke above the key resistance 1.3892 and took out the long term resistance line that falling from the 1.6035 levels ( 2008 high ) and the 1.4939 levels (2011 high ) . This development leaves the pair targeting the 1.4035 levels ,where a halt is likely , but break of the 1.4035 levels will call for a run to the 1.4185 levels , further out will aim the 1.4350 levels.
On the downside , minor…Continue
Added by Haitham653 on March 10, 2014 at 6:25am — No Comments
Silver should continue to correct lower from the recent peaks a little above 22.00 (measured move target from the December/January double bottom break out above 20.50). The rally stalled right on target and against trend resistance off the 2011 peak, forming a bearish weekly reversal signal in the process. Silver…Continue
Added by Daologic on March 10, 2014 at 5:50am — No Comments
Added by Carol Harmer on March 10, 2014 at 5:48am — No Comments
EURGBP gains may not extend too far despite s strong rally in the cross through the latter part of the week. The 40-day MA has yielded but that has not been a good trend guide for the market in the past few weeks. The broader downtrend remains intact—a succession of lower lows and lower highs since the middle of last…Continue
Added by Daologic on March 10, 2014 at 5:47am — No Comments