January 2014 Blog Posts (469)

USDJPY Potential Setup

After forming the temporary top, USDJPY has retraced quite a bit. Both the exponential moving averages are diverging and there is a possibility that it might go further for a deeper correction. For the last few days it has been consolidating in a range. Looking at the downward momentum, it seems there is possibility of…

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Added by Deb Roy on January 31, 2014 at 9:49pm — No Comments

Crude Oil setup for next week

Crude, after bottoming out at 91.16 area, have corrected quite a lot.

It has shown a pin bar from a very important support zone, 96, showing the rejection.

There is a possibility that the up move might continue for a short while, but this might be zigzag in nature. The first target is around 100 zone and the…

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Added by Deb Roy on January 31, 2014 at 9:26pm — No Comments

EMU Inflation Undercuts Euro, Pressures ECB

Inflation in the euro zone was less than half the ECB target in January, forced down by falling energy prices and weak demand. Since the beginning of last year the consumer price index in the 18-member euro zone has more than halved, bolstering President Draghi's arguments for a rate cut or an unconventional turn in monetary policy at next week's policy meeting

Consumer prices rose 0.7 percent on the year following a 0.8 percent gain in December and 0.9 percent in November, according…

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Added by Joseph Trevisani on January 31, 2014 at 8:00pm — No Comments

EURUSD targets 1.3325 , Resistance 1.3715 !

The EURUSD maintained a bearish momentum this week , topped at 1.3716 levels , and broke below support 1.3567 . This development leaves the pair targeting the 1.3400 levels where  a breach is very likely ,If seen it will turn focus on the 1.3325 levels , further out will aim the 1.3230 levels . a halt is strongly suggested but a cut will bring a free fall towards the 1.2954 levels.

On the upside , resistance comes at the 1.3716 levels , stability below this level on a weekly closing…

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Added by Haitham653 on January 31, 2014 at 5:27pm — No Comments

Winning Trade on 31st January

EURUSD 5 Min:

Today was setting up for an expanding triangle. Technically price had dropped to a third lower low and was right on the trend line joining the two previous lows with a small overshoot that made it even more relevant. This was also an exact measured move from the high of…

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Added by Constantine on January 31, 2014 at 4:00pm — No Comments

$CADJPY- channel?

Currently we are at 91.17 in a nice bearish channel.  We are looking for a continuation to the 1.270 Fib extension area @ 90.63.  The average daily true range (ATR) for the pair currently is 92 pips.…

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Added by Scott Barkley on January 31, 2014 at 2:20pm — No Comments

EUR/USD Jan. 31 falls to low support on weak euro-zone data

EUR/USD continues to struggle and extends its losses on the last day of the week and of the month. Inflation data continues to weigh on the single currency, and also Germany seems unable to pull the pair forward, even US figures aren’t perfect, to say the least. Data coming from the US and last minute flows could result in an exciting session.

Here is a quick update on the technical situation, indicators,…

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Added by Yohay Elam on January 31, 2014 at 12:13pm — No Comments

XAUUSD – Intraday Forecast 31 Jan 2014

Recommendations: SHORT positions below 1252 with 1236 & 1232 as next targets.

Alternative scenario:
The upside breakout of 1252 will bring rebound to 1256/1260.

Description: 
Intraday bias in XAUSD is neutral with downside risk towards 1236 ahead of 1232 levels as long as resistance 1252 holds on hourly basis , below 1231 will extend losses to 1225/1218 levels . On the upside ,…

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Added by Haitham653 on January 31, 2014 at 11:26am — 2 Comments

USDCAD Elliott Wave Analysis: Corrective Reversal Can Occur From 1.12-1.13 Resistance

USDCAD is back at the highs as expected, but in final stages of blue wave (v) that may complete a black wave 3 around 1.1200 figure. At the same time we also see a signs of a bearish divergence on the RSI that usually occurs in late stages of an extended wave structure so we must be aware of a reversal, but only temporary into another corrective phase.

USDCAD 4h Elliott Wave Analysis

usdcad elliott wave



USDCAD Daily Elliott Wave Analysis…


usdcad elliott wave analysis

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Added by Gregor Horvat on January 31, 2014 at 10:50am — No Comments

EURUSD – Intraday Forecast 31 Jan 2014

Recommendations: SHORT positions below 1.3559 with 1.3510 & 1.3480 as next targets.

Alternative scenario:
The upside breakout of 1.3559 will bring rebound to 1.3587/1.3625.

Description:
 Intraday bias in EURUSD is neutral with downside risk towards 1.3510 ahead of 1.3480 levels as long as resistance 1.3559 holds on hourly basis , stability below 1.3559 will build pressure on the 1.3531 levels , a cut will extend…

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Added by Haitham653 on January 31, 2014 at 10:00am — No Comments

Daily forcast for Eu session as on 31-1-2014



GOLD



Technical gold is in a selling trend because in h4 graph, SMA 100 is above than the price, Ichimoku cloud is also indicating a selling trend. But if we look on h1 graph we can see that there is forming a symmetrical triangle , this can be a reversal if it breaks in upward direction , also there is a strong supported trend line in h4 graph.

Recommendations:  

1st plan, Buy above 1240 and expected targets are 1250/53 with a stop of 1235 and breakout sell …

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Added by Usman Ali on January 31, 2014 at 7:21am — 2 Comments

gbpaud entry buy stop loss below 1.8680

Added by gregorian on January 31, 2014 at 6:30am — 1 Comment

GBPUSD – Technical Driven day of trading

GBPUSD – Technical Driven day of trading

Trade Recommendation

  1. Short GBPUSD @ 1.6510-1.6525 Target 1.6400 Stop loss 1.6570
  2. Exit trade if the pair is ending the week i.e. today’s closing around 1.6530. The pair may open above…
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Added by Omkar Godbole on January 31, 2014 at 5:59am — No Comments

FOREX forecast 31.01.2014

The EUR dropped yesterday following the FED's decision on Wednesday and the failed attempt to reach 1.3700 again. The  downside move was without any pullback, but not so strong and so sharp. We have finished the day below the positive Ichimoku, which determines the bearish tone for today too. On H4 indicators are heavy bearish however something seems not quite righr with breaking the Ichimoku clouds, and this is the reason for most of the players to be carefull and to watch for a quick…

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Added by Vladimir Mihaylov on January 31, 2014 at 5:53am — 1 Comment

EURUSD trade

sideway trade continue on EURUSD from 1.3500 to 1.3700 weekly close below 1.3500 to find is way out to 1.3400 or break above  1.3700 may rise to 1.3740/90
 Recommendation holding long @ 1.354500 stop 1.3500 target 1.37+

Added by peter tec on January 31, 2014 at 5:37am — No Comments

EURUSD trade

sideway trade continue on EURUSD from 1.3500 to 1.3700 weekly close below 1.3500 to find is way out to 1.3400 or break above 1.3700 may rise to 1.3740/90

Added by peter tec on January 31, 2014 at 5:35am — No Comments

USDCAD Sees hesitation ahead of the Canadian GDP

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Canada releases fresh GDP data on a monthly basis. Published on Friday at 13:30 GMT.

However ; the last read was 0.3% , this month is expected to make a slide to 0.2% , before we start let’s take a look at the pair from technical…

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Added by Haitham653 on January 31, 2014 at 1:00am — 1 Comment

Daily Forex Trading Commentary - Thursday 30th January 2014

GBP/USD - Sells Off From False-Break At Key Resistance

The GBP/USD sold off from key resistance today following the price action false-break setup we discussed in our weekly trading commentary. From here we see potential for price to retest key support down near 1.6300 and there is plenty of room for 1:2 …

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Added by Lewis Barber on January 30, 2014 at 10:50pm — No Comments

GBP /USD

Hellow and good day to you from Nigeria, this is the high time to long GBP USD @ 1.6480 for 1.6600.

Added by ashafa on January 30, 2014 at 10:01pm — No Comments

Who's next?

When FED said for the first time the “taper” word – in May 2013 – the most hit economies were India and Brazil. Of course even the other emerging economies suffered too but not with the same intensity. I am sure all of you remember the 2013’s summer.

This year, on the same basis, seems to be Turkey’s and South Africa's turn. Again, – as it happened back in 2013 – the other emerging economies are suffering too but not as much as these two.
Since the FED delivered the first…
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Added by Arenoosh on January 30, 2014 at 5:22pm — 1 Comment

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