GBPUSD; triangle placed in wave (iv) suggest that move to the lows was final within a five wave decline from 1.6783. We also can see a divergence between waves (iii) and waves (v) so rally can be seen in sessions ahead. Break of 1.6634 will confirm a completed leg, maybe even of a wave C of a three wave retracement from Feb 17th high, so we should be aware of a bullish reversal in that instance.
GBPUSD 1h Elliott Wave Analysis…
Added by Gregor Horvat on March 12, 2014 at 2:11pm — No Comments
The XAUUSD continued its bullish momentum yesterday , printed support at the 1337 levels . This development leaves the pair targeting the 1365 levels where a breach will turn focus on the 1380 levels , further out will aim the 1400 levels .
On the downside , support comes at the 1337 levels , stability above this level on a daily basis will keep pushing towards the 1365/1380 levels . losing the 1337 levels will turn outlook neutral and open 1328 levels before the next possible…Continue
Added by Haitham653 on March 12, 2014 at 12:48pm — No Comments
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In February 2014, the App has reached 4,589 Active Users, 47,904 Sessions, 213,447 Screen Views with an average Screens/Session of 4.46 and Avg. Session Duration of 00:02:15.
Excellent number to get started.... Still not using it? now it includes our famous Economic Calendar, that covers the most important…Continue
"USD/JPY – struggling for strong direction
At the start of this year USD/JPY notched a multi-year high in the region of 105.44. Following a rally through the final two months of last year, the market…Continue
Added by Daologic on March 12, 2014 at 12:07pm — No Comments
"FX Set-up: AUD Slips on Risk Off…Continue
Added by Daologic on March 12, 2014 at 11:53am — No Comments
After starting the year recovering the losses seen in December 2013, February was a quite disappointing month and traffic figures fell an almost 6% in page views overall.
The extraordinary performance of the unique visitors seen in December and January had no follow up in December, so after bouncing to 850,000 uniques in January it fell to 777,000 in February.
EUR/USD is steady in Wednesday trade, as the pair shows little movement for the second straight day. In the European session, the euro is trading in the mid-1.38 range. Eurozone Industrial Production declined in February but the euro did not lose ground as a result. In the US, JOLTS Job Openings dipped to a three-month low and fell short of the estimate. It’s a quiet day in the US, highlighted by Crude Oil…Continue
Added by Yohay Elam on March 12, 2014 at 10:39am — No Comments
EURGBP - Pound to under perform EUR
Added by Omkar Godbole on March 12, 2014 at 9:11am — No Comments
The S&P500 turned down yesterday, but FX markets did not follow much. We can see USD still within intraday ranges, the only exception was AUDUSD where we have seen a move down with the S&P losses.
As you know on AUDUSD we have been observing a potential bearish scenario which is playing out now it seems, as decline from above 0.9040 can be wave iii) so current slow price action can be wave iv) with reversal down coming from 0.8980/0.8990 intraday resistance zone.…
Added by Gregor Horvat on March 12, 2014 at 9:00am — No Comments
“The success rate of trades is the least important performance statistic and may even be inversely related to performance” William Eckhardt, Hedge Fund Manager.
So after yesterday’s Doji candle in NZDUSD we have already been a good deal lower…Continue
Added by Gary on March 12, 2014 at 8:58am — No Comments
The GBPUSD continued its bearish correction yesterday , topped at the 1.6652 levels and bottomed at the 1.6595 levels . Now pressure will be on the key support 1.6595…
The GBPUSD will have to hold below the 1.6595 levels on a daily closing basis to push the market for further downside losses , If seen It will target the 1.6540 levels , a halt is strongly suggested and the pair might revere to the upside from that point , If 1.6540 fails on a daily basis , expect the market to weaken…Continue
Added by Haitham653 on March 12, 2014 at 8:31am — No Comments
Recommendations: LONG positions above 1.3832 with 1.3870 & 1.3910 as next targets.
Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3812/1.3775.
Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, a clear break above 1.3872 is needed to resume the upside offensive , If seen , It will target the 1.3915 , break of 1.3915 will open…Continue
Added by Jason Sen on March 12, 2014 at 8:15am — No Comments
Added by Jason Sen on March 12, 2014 at 8:08am — No Comments
Added by Jason Sen on March 12, 2014 at 8:05am — No Comments
March 11 - the day when the copper might have been the trigger for a domino game in the financial markets. The first piece dropped last week without anyone paying attention and seems like the second piece – in his way to the ground - is about to reach the third one. What seemed to be a calm week, with only a few risk events on the investor’s agenda could transform in a big storm.
Although none of the analysts could give a clear figure for how much copper is now tied up in deals, they…Continue
Added by Arenoosh on March 12, 2014 at 7:50am — No Comments
EUR/USD: Sell Below 1.3865, Targets 1.3820, SL1.3890, BOB 1.3910
GBP/USD:Sell Below 1.6650 ,Targets1.6578,SL1.6655,BOB1.6665
GOLD: Sell Below 1363 , Targets 1352/42 ,SL1367 ,BOB1368
CL: Buy Above 99.07,TP99.64/100,SL98.70,BOS 99.65
USDJPY:Sell Below 103, TP 102.60, SL103.30, BOB103.35
News: Crude Oil Inventories @7:30 PM
BOB stands for break out…Continue
Added by Usman Ali on March 12, 2014 at 7:22am — No Comments
Any setbacks will be viewed as corrective and limited, with supports at
1.3812 and 1.3708. Resistance is at 1.3915, a break above this would
extend the strength to 1.4052.
The important resistance at 103.65 was tested on Friday and a close above
this will be positive, opening the way to 105.44. Support is at 102.48
ahead of 101.20.
GBPUSD BULLISH The recent setback doesn’t change…
Added by Daologic on March 12, 2014 at 6:56am — No Comments
Full article is here
LONG EUR above 1.3865 SL 1.3850 TP 1.3890-1.3910-1.3925-1.3935-1.3950
SHORT EUR below 1.3850 SL 1.3865 TP 1.3830-1.3820-1.3805-1.3790-1.3760
LONG GOLD above 1354 SL1349 TP 1360-1362-1366-1375
SHORT GOLD below 1349 SL 1354 TP 1340-1336-1329-1322-1318-1312
P.S. Dear readers, i need to…Continue
Added by Vladimir Mihaylov on March 12, 2014 at 6:21am — No Comments
Added by Carol Harmer on March 12, 2014 at 5:48am — No Comments