This post is oriented for:
- people that cannot make money consistently using their current strategies
- people that trade indicators signals and are struggling or
- people that can barely make any profit or make it even - especially using indicators
- people that use indicators and can make some profits but dont feel sure/secure enough using it or feel its too random and unpredictable
If you are perfectly profitable using indicators or trendlines or…Continue
stopped out today, hopefully recover from this.. MAJOR support level we need a bounce
End of the month, choppy today
USDCHF: Having sold off below its broken tremdline, the risk is for USDCHF to recapture the 0.9082 level. Further down, support comes in at the 0.9041 level followed by the 0.9000 level. Price hesitation may occur here due to its psychological importance. If broken, further declines will occur towards the 0.8900 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to break and hold above the 0.9388 level to reverse its entire weakness. This…Continue
Added by fxtech on January 31, 2013 at 5:45pm — No Comments
Added by Tahir Khan on January 31, 2013 at 5:12pm — No Comments
Not much happened today in the Euro US Dollar market.
Market is probably waiting for the Nonfarm Payroll Release on Friday.
The Euro US Dollar stayed in a sideway range on the hourly timeframe till now.
The daily Pivot Point and the weekly R1 held the market today. Fibonacci studies and Pivot Points provided some possible trade setups in the sideways market (see chart…
Added by ForexCharts on January 31, 2013 at 4:06pm — No Comments
Bellow its the detailed wave count for the S&P500 since start of January. Market has been in sharp uptrend for the whole this month, clearly in impulsive fashion. In our past updates we also noted that we could see a pull-back or a sideways price action from above 1500-psycho level. Well, this appears to be the case as market fell more than 10 points from 1510 yesterday after the FOCM statement. Anyhow, those who trades the S&P500-cash market must be aware of a larger trend which is…Continue
Added by Gregor Horvat on January 31, 2013 at 3:48pm — No Comments
Currently we are at 1.5826 after breaking out of the downtrend. We are sitting on the R3 resistance. If we get follow through the target area up is the R4 .500 Fibo @ 1.5900-5926 area. The current average daily trading range (ATR) is 100 pips.…Continue
Rush To Safety: Americans Buy Nearly Half a Billion Dollars Of Gold and Silver In January.
a recent report from the Federal Reserve that indicates some $114 billion dollars in cash was withdraw from the larges US banksin the last thirty days.
For more, click on the gold bar below.…Continue
Added by Ron Schelling on January 31, 2013 at 2:01pm — No Comments
EUR/USD is steady, as the pair was trading in the mid-1.35 range. In the US, the GDP release looked awful, posting its first decline since 2009. The Federal Reserve wrapped up its policy meeting, and said that QE3 would continue. Thursday is another busy day, with a host of economic releases. In Germany, Retail Sales declined, but the Unemployment Change was very sharp. Today’s key release is US…Continue
Added by Yohay Elam on January 31, 2013 at 12:58pm — No Comments
EURUSD - I expect a corrective movement of the quote towards the diagonal support near 1.3500. It is high possible taking profits today because of the last day of the month. Overall technical indicators signal for a drop.
Added by Pavel Georgiev on January 31, 2013 at 11:32am — No Comments
Hi All, I have a webinar coming on the 1st of Feb at 12 GMT. I'll be showing an insight into the Trend-Line analysis I have self learned and developed along with pointers. Follow the link.... See you all tomorrow at 12 GMT...
Westpac - "While AUD has looked tired on some crosses lately, USD/JPY resilience suggests it is too early to call a top in AUD/JPY. Potential investor disappointment over the BoJ meeting mid-Feb could see a pullback to 93.00/50 but then the pair should resume its upswing towards 96.50/97.00. By H2 2013 however, the pair is likely to be considerably lower, mostly due to USD/JPY reversal.
(...) AUD/JPY has left behind all major moving averages. Potential technical resistance lies at 96.45…
Added by Francesc Riverola on January 31, 2013 at 10:44am — No Comments
Deutsche Bank - "The multi-year USD bottoming story will only gain real impetus and broaden to encompass all the majors if 1) downside growth risks associated with absorbing the payroll tax and potentially another 0.5% fiscal drag from sequester cuts, materialize; or, 2) Fed policy tightening is pulled forward by an unemployment rate continuing a sharper decline than GDP numbers would typically suggest. For now however, the economy is still travelling between these two opposing views of the…Continue
Added by Francesc Riverola on January 31, 2013 at 10:21am — No Comments
Added by Carol Harmer on January 31, 2013 at 8:52am — No Comments
AUDUSD reversed nicely lower yesterday and already made a new swing low, which means that pair has now five wave down from 1.0600 high, called an impulsive wave. In Elliott wave theory impulses show direction of a current trend. As such, we are ready for more aussie weakness but could see a corrective retracement back to 1.0465 before downtrend resumes. There is a Fibo zone around 1.0370 and December low just beneath it that could cause a bounce. …
Added by Gregor Horvat on January 31, 2013 at 8:28am — No Comments
Added by Carol Harmer on January 31, 2013 at 8:07am — No Comments
Added by Naveed Anjum on January 31, 2013 at 7:59am — No Comments
Added by Sardar Uddin on January 31, 2013 at 7:57am — No Comments