EUR USD 5 Min:
Today EU oscillated round opening price making it look like it was a non trend day then went on to reach a high of the day which was greater than a measured move of the low of the…Continue
Added by Constantine on November 24, 2014 at 3:56pm — No Comments
EURGBP- Maintains Its Broader Downside Bias
EURGBP- With a lower close occurring the past week, we expect further downside to occur in the new week. On the downside, support lies at the 0.7850 level where a break will expose the 0.7800 level. Further down, support comes in at the 0.7750 level where a violation will turn attention to the 0.7730 level. Its daily RSI is bearish and pointing lower suggesting further downside. On the upside, resistance lies at the 0.7950 level where a…Continue
Added by fxtech on November 24, 2014 at 3:43pm — No Comments
EUR JPY 3 Min:
Here is a trade I called with a trading buddy of mine: Price rose from open then formed an up slanting flag with no easy sell signals at all. Eventually price falls strongly to test a double bottom and…Continue
Added by Constantine on November 24, 2014 at 2:07pm — No Comments
EUR/USD traded in range for some time, but eventually lost ground and closed under 1.24. Can it extend its falls further below 1.2356?The main events this week are the preliminary inflation releases, employment data as well as another German business survey is already out today.…Continue
Added by Gary on November 24, 2014 at 12:02pm — No Comments
EUR USD 5 Min:
Today was a non trend day. By mid morning EU had hit opening price 5 times. Price hit a double bottom, measured move and entry into the first trade 1 pip above the signal candle…Continue
Added by Constantine on November 24, 2014 at 12:00pm — No Comments
Our new administrator Tony sent me his Week Ahead report. You probably have received it already by e-mail but just in case, here you have it
Happy trading week!
View PDF Version…
Added by Francesc Riverola on November 24, 2014 at 10:39am — No Comments
We are into the last week of the month of November.During month end and new month beginning time the market is known to make very volatile moves to handle the derivatives.
This time we could see more aggressive moves as we are entering into yearly trend reversal time - ie the closing on the current year and the beginning of the New Year time.So keep in mind only swing trades can be done during this time.Very frequently the sentiment will be created in a day and the next…
Added by Dr. Sivaraman on November 24, 2014 at 10:30am — No Comments
As expected, AUDUSD fell to a new low of the year last at the start of the month after we recognized a sideways price action which was wave four. After wave four you will see wave 5, which means that an impulse from 0.9500 is probably done, so traders must be aware of a new rally but of a larger degree, possibly even back to 0.8900. Ideally that will be wave B) correction, now already in progress with its three legs.
AUDUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on November 24, 2014 at 9:18am — No Comments
The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…Continue
Added by Alan Collins on November 24, 2014 at 7:38am — No Comments
Eurusd monday targets closest prices 1.2409,1.2431,1.2450(major price action target for buy resumption).But with being a monday and we expect news from germany by 11:00.Market speed may increase to push the buy up.
Also stop loses on eurusd should be kept at 1.2379 as eurusd also has more strength to reverse to this strong support…
Added by emmanuel essien on November 24, 2014 at 7:00am — No Comments
EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…Continue
Added by Vladimir Mihaylov on November 24, 2014 at 6:21am — No Comments
Invite Your Friends To Forex Street And Let Our Forex Community Grow Together!
Best Wishes In Your Trades …Continue
Added by Tony - FXS Admin on November 24, 2014 at 4:53am — No Comments
"Your Stop Loss is your step to Stop a negative trade early, when your trade is on the wrong side of a wave. Your Stop Loss needs to be like a reinforced wall."Continue
Added by Tony - FXS Admin on November 24, 2014 at 4:00am — No Comments
1- Under 1.2353 Support
2- At 1.2461 Resistance
3- At 1.2503 Resistance
4- At 1.2567 Resistance …Continue
NZDUSD scoring in the 4 first market hours this week, almost 40 pips move as an attempt to build a strong support at 0.7870 and currently trying to challenge the resis level 0.7908
On daily chart NZDUSD is bearish falling from July 2014 resis at 0.8834, during September & October NZDUSD had the first attempt to hold above support level 0.7708 for after to dive more. Currently in Nov NZDUSD for now is trying to…Continue
Added by Tony - FXS Admin on November 24, 2014 at 2:25am — No Comments
Indices Outlook: Monday 24/11/14 01:50 AM UK .
UK100 FTSE CFD: close the previous order with 10 pips profit. sell the index from 6822 with TSL 6930 & TP on 6640.
GER30 DAX CFD: Already (SHORT) sold the index from 9545 & from 9690 (AV 9617 with TSL 9770 & TP on 9260.
SPX500 CFD: close the previous order with 7 pips profit.sell the index from 2082 with TSL 2130 & TP on 2005.
DJ30 CFD: close the previous order with 20 pips profit. SELL the index from 17895…
Added by Pierre Chahine on November 24, 2014 at 1:50am — No Comments
Commodities Outlook: Monday 24/11/14 01:48 AM UK .
Gold: BUY the precious metal from 1184 with TSL 1159 & TP on 1224 THEN/OR SELL the precious metal from 1224 with TSL 1246 and TP is open.
Silver: BUY the grey metal from 15.75 with TSL 15.10 & TP on 17.10 / open.
Oil JAN: Already (SHORT) the black liquid from 77.80 with TSL 77.75 & TP on 75:16 THEN/OR buy it from 75.16 with TSL 73.50 & TP on 79.80.
Added by Pierre Chahine on November 24, 2014 at 1:48am — No Comments
Currencies Outlook: Monday 24/11/14 01:40 AM UK .
EUR/USD: Already (LONG) bought the pair from 124:03 ADD 123:45 with TSL 122.82 & TP on 124.85.
GBP/USD: sell the pair from 157:24 with TSL 158:32 & TP on 155:10.
USDJPY: Already (SHORT) sold the pair from 118.65 with TSL 118.60 with TP on 116.75.
EUR/JPY: Already (LONG) bought the pair from 146:40 & from 145:70 (AV 146:05 with TSL 144:90 & TP on 146:80.
GBP/JPY: buy the pair from 183:10 with TSL 181:85…
Added by Pierre Chahine on November 24, 2014 at 1:46am — No Comments