Added by Omkar Godbole on July 30, 2014 at 4:00pm — No Comments
Wow, see why you do not try and guess what the data will be. So we have 2nd quarter GDP out at 4% and the markets have reacted. With a number like this you may be surprised at what some of the markets look like now. The one market I left out this morning was the US 10 Year Note and that just may end up being the most important market of the day. Take a look…Continue
Added by martin on July 30, 2014 at 3:37pm — No Comments
Added by Sheeda Pastaol on July 30, 2014 at 2:35pm — No Comments
Now we see more visible slides in EURO and GBP as unassuming slide.The players do this way for the traders to buy near the statistical support and then take the market lower to induce long liquidation.This I have explained earlier that the players are to trap the buy and sell traders ( bullish traders) this time.
We could see the continuation of the drop in EURO and GBP and USD gaining moves before and after FOMC.(18:00 GMT)
Added by Dr. Sivaraman on July 30, 2014 at 2:18pm — No Comments
Good morning, I wanted to get a quick post done this morning before the data. GDP for the 2nd Quarter will be released in 20 minutes and the FED will be later this afternoon. In my opinion the GDP will be the main driver of the markets. Currently the US Dollar is sitting just below 8150, these levels have not been seen since November of last year. Can it break through these levels or will it reverse?…Continue
Added by martin on July 30, 2014 at 12:25pm — No Comments
USDCAD: Extends Its Bullish Offensive
USDCAD: With USDCAD rallying strongly on Tuesday, further bullishness is now envisaged. On the upside, resistance is seen at the 1.0900 level followed by the 1.0950 level. Further out, resistance comes in at the 1.1000 level where a reversal of roles is expected to occur and turn it lower. On the downside, support lies at the 1.0750 level followed by the 1.0700 level where a break will aim at the 1.0650 level and then the 1.0600 level. Further…Continue
Added by fxtech on July 30, 2014 at 10:29am — No Comments
EURUSD keeps trading lower, now at 1.3400 level where pair could find some support and rallied into a correction. The reason is five waves of decline from 1.3640 which makes an extended structure of wave iii). As such, rally is expected show up in wave iv) that may retrace even back to 1.3460-1.3480 area before downtrend resumes within wave (iii) of a larger degree. Generally speaking trend is down, while any rallies will be part of downtrend and limited on the upside.
Outlook in EURUSD remains on the downside as long as resistance 1.3458 holds on a daily closing basis , support comes at the 1.3390 levels , sustained trading will open 1.3310 next , further losses will aim the 1.3220 levels……..
On the upside , resistance comes at the 1.3458 levels ahead of the 1.3529 levels (main) , break of 1.3529 on a daily basis will turn outlook neutral for retesting the 1.3561/1.3627 levels before the next fall…….
In all , as long as resistance…Continue
Added by Haitham653 on July 30, 2014 at 7:00am — No Comments
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 30/07/14
On 30/07/14, British Pound / US Dollar closed up 0.0004 at 1.6949
Period Statistical Change
10-period 2.2771 …Continue
Added by Nathan Kay on July 30, 2014 at 5:02am — No Comments
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it…Continue
I will be away from my desk until the 03/08/2014 so be wise trader & I wish you all a happy green trading.
Added by Pierre Chahine on July 30, 2014 at 2:49am — No Comments
EUR/USD: already bought the pair from 135:08,add 134:14 (AV 134>61) with TSL 133:44 & TP is 135:14.
GBP/USD: already bought the pair from 169:44 with TSL 168:12 & TP is 172:24.
USDJPY: buy the pair from 101:72 with TSL 100:68 & TP 103:14.
EUR/JPY: buy the pair from 136:54 with TSL 135:48 & TP 139:20.
GBP/JPY: buy the pair from 172:38 with TSL 171:36 & TP…
Added by Pierre Chahine on July 30, 2014 at 1:41am — No Comments
Gold: sell the precious metal from 1316, add 1332 with TSL 1358 & TP 1280.
Silver: an entry selling price from 20:94 with TSL 21:98 & TP open.
Oil : already bought the good from 101:95,& from 100:60 ( AV 101:27)
TSL 99:20 & TP 103:80
Added by Pierre Chahine on July 30, 2014 at 1:38am — No Comments
FTSE-100 CFD: sell the index from 6884.with TSL 6972 and TP on 6642.
DAX 30 CFD: sell the index from 9824 with TSL 9972 & TP on 9420.
SPX500: CFD: sell the index from 1992 with TSL 2042 & TP 1936.
NSDQ100 CFD: sell the index from 3994 with TSL 4088 & TP 3848.
DJ30 : previous order closed with profit of 176 pips.& already sold the index from 17048 with TSL 17188 & TP 16720.
Added by Pierre Chahine on July 30, 2014 at 1:35am — No Comments
GBP USD 5 Min:
If any trade was the trade of the day this was it. Price rose from the open then spiked down followed by a wedge shaped channel. If a wedge fails -in this case by…Continue
Added by Constantine on July 29, 2014 at 5:46pm — No Comments
EUR USD 5 Min:
Here's another I called in the forum BEFORE taking it. This is a lesson also in correct stop loss placement.
Price rose from the open then fell cutting through the measured move of the high of the day from the opening price.…Continue
Added by Constantine on July 29, 2014 at 5:33pm — No Comments
EUR USD 5Min:
Price rose from the open and then fell to within 2 pips of opening price at a double bottom with a previous bull candle setting a flag which broke down then failed with a down up…Continue
Added by Constantine on July 29, 2014 at 5:30pm — No Comments
Most Viewed Webinars July 21st - 27th
#1 Sam Seiden - Fresh Levels and Profit Zones
#2 Steve Ruffley - MONTHLY WEBINAR - Part I: Steve Ruffley’s ultimate trading…Continue
Added by Francesc Riverola on July 29, 2014 at 5:29pm — No Comments