I was just stopped out of my USDCAD long position but the bias hasn’t changed. Looking to buy dips, next area of short term support comes in at 1.0930. Good upside potential but would take profits quicker being a quiet…Continue
Added by Jack Inman on September 22, 2014 at 9:19am — No Comments
GBPUSD sold off from 1.6500, now consolidating. My bias is still short and waiting to sell the upper trend line & horizontal level confluence of 1.6357 once a test lower is complete. Initial target: lower trend…Continue
Added by Jack Inman on September 22, 2014 at 9:15am — No Comments
AUDUSD is back at the lows after recently completed sharp corrective wave (ii) at 0.9111 figure that now represents a new short-term critical level. We expect more downside, possibly within a wave (iii) that can fall to 0.8800 in sessions ahead.
AUDUSD 4h Elliott Wave…
Added by Gregor Horvat on September 22, 2014 at 9:05am — No Comments
After making an hanging man in 4 hourly graph dollar index is coming down slowly, it is just correction not the trend. dollar index is traded above the high of several months. strong bullish sentiments are founded above the price level 84.10.
The yellow metal was under a great selling pressure since and continuation is also expected. it seems that the yellow metal will test 1182 and try to fill the gap, which was shown on the 2nd…Continue
Added by Usman Ali on September 22, 2014 at 8:40am — No Comments
BUY GBP/JPY FROM 178.19 STOP LOSS 177.43 TAKE PROFIT 179.80
Added by A PRASAD REDDY on September 22, 2014 at 8:37am — No Comments
September 22nd 2014. They say that trading Forex is risky and of course it is. However the implication is often that trading equities is not risky. For those people I have one word this morning, Tesco! TSCO and all equities gap at least five times a week and while forex can gap too, it’s not anywhere as much as that. End of…Continue
Added by Gary on September 22, 2014 at 8:30am — No Comments
Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6524 levels , a failure to hold above the 1.6524 levels on a weekly closing basis could mean a return to the 1.6051 levels , a cut will resume the whole fall towards the 1.5853 levels , a halt is likely , but losing the 1.5853 levels will continue losses towards the 1.5500 levels.
On the upside , resistance comes at the 1.6259 levels ahead of the 1.6524 levels (main) , sustained trading…Continue
Added by Haitham653 on September 22, 2014 at 8:23am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.2920/1.2994 holds on a weekly closing basis , support comes at the 1.2825 levels , losing this level will accelerate the bearish move towards the 1.2735/1.2660 levels . A halt is likely , but further losses will pave the way towards the 1.2500 levels . At this point I’d expect strong support above the 1.2500 levels to contain fall from the 1.3993 levels and bring rebound. If 1.2500 fails , expect to see a free fall towards…Continue
Added by Haitham653 on September 22, 2014 at 8:20am — No Comments
Outlook: Sell a rally
ST Resistance: 0.8260 (ahead of 0.8470)
ST Support: 0.8060 (ahead of 0.7960)
After a brief test of the 0.8060 support post-FOMC last week, NZD/USD begins this week much in the same space as last Monday. The downtrend remains in place, and a breach of 0.8060 would see a quick trip…
Added by Daologic on September 22, 2014 at 6:01am — No Comments
"A smaller than expected tLTRO take-up and largely unchanged FOMC language wasn't sufficient to squeeze EUR/USD higher as we had expected, so we square tactical long EUR/USD exposure. We continue to hold strategic shorts looking for a move to 1.27 or below by year-end and 1.22 by mid-2015 as negative nominal rates are a powerful medium-term EUR negative. While the dust settles post the Scottish referendum we keep our GBP powder dry, but will look to sell EUR/GBP rallies. Data surprises may…Continue
Added by Daologic on September 22, 2014 at 5:58am — No Comments
EUR continues free fall and indicators on H4, Daily and Weekly are extremely bearish. Seems that still noone is going to take profit from Short, and this tells me that more slide is to come. Today mr.Draghi will speak, but tomorrow will be the PMI data release and if it is weak again EUR will possibly drop below 1.2805 support. On Wednesday we shall have the Germany's IFO which is expected to be worse than previous too. On Thursday the most important news will be the US jobless claims report…Continue
Added by Vladimir Mihaylov on September 22, 2014 at 4:58am — No Comments
this is analysis for NZDUSD :
from data last week NZDUSD will movement , down to 88.01 , resistant at 90.28
Added by cicu on September 22, 2014 at 1:26am — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on September 21, 2014 at 7:55am — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.2837. We are looking for a fast correction the finish the 4th wave and then a move down to day support @ 1.2624 The average daily true range (ATR) for the pair currently is 65 pips.Continue
Added by Scott Barkley on September 20, 2014 at 8:59pm — No Comments
Currently we are at 97.69. We are in a nice upside channel and looking for a continuation to the resistance area @ 98.57 with an overall target @ 98.72. The average daily true range (ATR) for the pair currently is 51 pips.…Continue
Added by Scott Barkley on September 19, 2014 at 1:02pm — No Comments
Added by Jack Inman on September 19, 2014 at 1:01pm — No Comments
EUR/USD: Already (SHORT) sold the pair from 12910,add 12974 with TSL 13023 & TP 12735.
GBP/USD: previous order closed with 120 pips loss , buy the pair 16310 with TSL 16205 & TP 16640.
USDJPY: buy the pair from 10844 with TSL 10728 and TP 11010.
EUR/JPY: buy the pair from 13964, add 13850 with TSL 13783 & TP on 14254.
GBP/JPY: buy the pair from 17775 with TSL 17640 & TP…
Gold: sell the precious metal from 1238 with TSL 1254 & TP on 1208.THEN/OR buy it from 1208 with TSL 1185 & TP is open.
Silver: Already (SHORT) sold the Grey metal from 1887 with TSL 1880 & TP 1822.
Oil: NOV : previous order closed with 150 pips profit. Already (LONG) bought the good from 9225, add 9110 with TSL 9050 & TP 9580.
Added by Pierre Chahine on September 19, 2014 at 11:39am — No Comments