1.A double bottom is formed at 1.2358.
2.Volume data shows support near 1.2372/77/84.
3.If ECB failed to satisfy the market, profit taking along with year end flow, we'll not be surprised to see a correction higher of the price.
1.Holding short position from 1.2480 and 1.2520.
2.Reduce the position if daily close above 1.2475 or reach 1.2372/77/84.
Also could attempt a tiny long position here, stop below…Continue
Added by YueWang on November 28, 2014 at 11:28am — No Comments
Intraday Forecast in EURUSD remains on the downside as long as resistance 1.2465 holds on a 4 hour closing basis , support comes at the 1.2400 levels where a cut will open 1.2360 next , further losses will aim the 1.2360 levels .
On the upside , resistance comes at the 1.2465 levels , break of 1.2465 levels would open 1.2503 next , a halt is likely but a breach would open 1.2550 levels ahead of the 1.2600 levels .
In all , as long as resistance 1.2465 holds on a 4 hour closing…Continue
Added by Haitham653 on November 28, 2014 at 8:56am — No Comments
GBP has recovered against the USD but not for long. We still see only three wave rally from the low as shown on the updated count. As such, bearish waves should not be ignored yet, especially as wave C seems like completed rally around 1.5825. Further weakness is expected, but would love to see a break beneath the channel line to confirm new impulsive weakness in progress.
GBPUSD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on November 28, 2014 at 8:50am — No Comments
This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…Continue
Added by Alan Collins on November 28, 2014 at 6:59am — No Comments
Indices Outlook Friday 28/11/14 03:11 UK.
UK100 FTSE CFD: SELL the index from 6822 with TSL 6930 & TP on 6640.
GER30 DAX CFD: Already(SHORT) sold the index from 9965 with TSL 10090 & TP is open.
SPX500 CFD: SELL the index from 2088 with TSL 2160 & TP on 2010.
DJ30 CFD: SELL the index from 17925 with TSL 18030 & TP on 17580.
NSDQ100 CFD: Already (SHORT) sold the index from 4295 with TSL 4390 & TP on 4100.
Added by Pierre Chahine on November 28, 2014 at 3:11am — No Comments
Commodities Outlook Friday 28/11/14 03:04 UK.
Gold: BUY the precious metal from 1184 with TSL 1159 & TP on 1218 THEN/OR SELL the precious metal from 1223 with TSL 1249 and TP is open.
Silver: BUY the grey metal from 15.75 with TSL 15.10 & TP on 17.10 / open.
Oil JAN: BUY the black liquid from 67.44. with TSL 65.80 & TP on 72.90.
Added by Pierre Chahine on November 28, 2014 at 3:04am — No Comments
Currencies Outlook Friday 28/11/14 03:00 UK.
EUR/USD: BUY the pair from 124:25 with TSL 123:10 & TP on 126:10.
GBP/USD: Already (SHORT) sold the pair from 157:85 with TSL 157:80 & TP on 156:75.THEN/OR BUY it from 156:75 with TSL 155.54 & TP on 158:88.
USDJPY: Already (SHORT) sold the pair from 118.65 with TSL 118.60 with TP on 116.75.THEN/OR buy it from 116:75 with TSL 115:40 & TP open.
EUR/JPY: BUY the pair from 145:55 with TSL 144:10 & TP on 148:10.…
Added by Pierre Chahine on November 28, 2014 at 3:01am — No Comments
Happy ThanksGiving everyone, During the last 28 hours the US Dollar found strength and pushed against all majors & against Gold. And somehow each time President Draghi speak EURUSD fall, & yesterday Mario mention that a united…Continue
Added by Tony - FXS Admin on November 28, 2014 at 3:00am — No Comments
USDJPY still on a mission to push up all the way, and after resting for for 5 days reaching the deep of 117.22 today USDJPY broke the…Continue
Added by Tony - FXS Admin on November 28, 2014 at 2:26am — No Comments
where for the 4th week we saw gold trying to keep on pushing up, yet finding hard time to push above 1200 round level & hold above it.
Gold tomorrow need to…Continue
Added by Tony - FXS Admin on November 28, 2014 at 2:00am — No Comments
First you need to take the decision to become a very discipline trader, where when you look back to yesterday you know that today you did learn something new and when you look to tomorrow you will be ready for the challenge to learn more... Years will pass and the Market still the same, yet we evolve and change for…Continue
EURJPY: Corrective Pullback Risk Remains Intact.
EURJPY- Despite its two days of price hesitation, our bias on the cross remains lower on correction. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level. A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 148.00 level where a break if seen will threaten further upside towards the 149.00. Further out, resistance…Continue
Added by fxtech on November 27, 2014 at 2:32pm — No Comments
Despite losing the upside momentum , outlook in USDJPY remains neutral with risk to the upside as long as support 117.35 holds on a daily closing basis , a failure to hold below the 117.35 levels on a daily closing basis could mean a return to the 118.36 levels , break of 118.36 on a daily closing basis would open 120.00 next , a halt is likely , but further upside will pave the way towards the 121.15 levels ahead of the 122.50 levels .
On the downside , support comes at the 117.35…Continue
Added by Haitham653 on November 27, 2014 at 12:11pm — No Comments
If you are in the United States then Happy Thanksgiving. For the rest of us we will be thankful when liquidity returns next week. I’ve managed to eek out a few percent last night and this morning but the markets are very quiet with likely two exceptions, Oil and…Continue
Added by Gary on November 27, 2014 at 10:20am — No Comments
I consider today’s OPEC announcement very important development that will provide further guideline about future global economic…Continue
Outlook in GBPUSD has turned neutral at the moment , the pair remains in recovery mode as long as support 1.5720 holds on a daily closing basis , next resistance comes at the 1.5775/1.5823 levels , a halt is likely , but a breach will extend recovery towards main resistance at the 1.5945 levels before the next fall, however ; a clear break above the 1.5945 levels will turn outlook bullish towards the 1.6085/1.6183 levels.
On the downside , support comes at the 1.5720 levels , losing…Continue
Added by Haitham653 on November 27, 2014 at 8:00am — No Comments
BUY AUD NZD AT 1.0862 STOP LOSS 1.0810 TAKE PROFIT 1.1011
Added by A PRASAD REDDY on November 27, 2014 at 7:36am — No Comments