Recommendations: LONG positions above 1.3715 with 1.3755 & 1.3775 as next targets.
Alternative scenario:The downside breakout of 1.3715 will call for a slide to 1.3690/1.3660.
Description: Intraday outlook in EURUSD is on the upside with risk towards 1.3755 ahead of 1.3775 levels as long as support 1.3715 holds on hourly basis , break of 1.3775 will open 1.3800/830 next .On the downside ,losing the 1.3715 levels on hourly…Continue
Added by Haitham653 on February 26, 2014 at 8:22am — No Comments
Each day last week saw net losses produced in GBPUSD but that setback from 4 year highs has proved temporary.
So at 3cAnalysis we’re looking for higher levels in the coming days with expected intraday dips being bought with potential…Continue
EUR/USD: Sell Below 1.3755, TP 1.3725/3700, SL 1.3770, BOB 1.3780
GBP/USD: Sell Below 1.6690,TP1.6660,SL1.6720,BOB1.6730
GOLD: Sell Below 1347TP 1338/33,SL1353,BOS1354
CL: Sell below 101.65,TP101,SL101.95,BOB 102.05
USD/Jpy: Buy above 102.15, TP 102.65, SL 101.85, BOS 101.75
Today Important News: GBP Second Estimate GDP q/q @2:30 PM, USD New Home Sales @ 8:00 PM
BOB stands for break out buy and BOS…
Added by Usman Ali on February 26, 2014 at 7:24am — No Comments
Following trades are to be executed post release of UK GDP data today
Added by Omkar Godbole on February 26, 2014 at 6:09am — No Comments
EUR is still almost unchanged after yesterday's quick 'tennis' day and currently the ball is still in the neutral position. However the price doesn't feel comfortable ahead of the resistance 1.3775 and it was bounced several times from it. H4 close below 1.3720 will confirm the downside reversal has started with first support to break 1.3670, then 1.3650 and finally 1.3600. To the upside the things seems difficult as 1.3775 stops every attempt of the bulls. First place to sell is close to…Continue
*** Intra-Daily Trading Strategy: BUY Euro Dollar / Japanese Yen
Buy Target: 140.7900
Buy Stop: 140.2260
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…Continue
Added by Martin Kay on February 26, 2014 at 5:08am — No Comments
The Nikkei 225 index continued its bullish momentum yesterday , printed support at the 14640 levels . This development leaves the pair targeting the 15330 levels , a halt is suggested , but break of 15330 levels will turn focus on the 15715 levels ,further out will aim the 16145 levels.
On the downside , a bearish correction to the 14820/14720 levels is suggested before attacking the 15330 levels , losing the 14720 levels will test the main support at the 14640 , a halt is likely ,…Continue
Added by Haitham653 on February 25, 2014 at 3:09pm — No Comments
EURUSD 5 Min:
Price spiked up in the morning then formed a down channel as a retracement hitting 7am with a final push down (which I called in the main room) then rose in 3 waves High1 Low 1 High 2 Low 2 High 3. The High 3 was a double top and was also at 2 measured moves ( bold horizontal lines and dotted horizontal lines). The first was a measured…Continue
Added by Constantine on February 25, 2014 at 2:30pm — No Comments
AUDUSD is trading sideways for the past week or so in 0.8920-0.9080 range. A sideways move typically represents a correction within larger trend. In fact, we see the shape of a triangle so we assume that pair has slowed down in wave (iv) that is part of a five wave move from January low.With that said, break up in wave (v) is expected that may reach levels around 0.9140. Count remains valid as long as pair trades above 0.8925 support.
AUDUSD 4h Elliott Wave…Continue
Added by Gregor Horvat on February 25, 2014 at 8:30am — No Comments
Yesterday we bought EUR/USD from 1.3745 and EUR/JPY from 140.93. I suggest holding those trades with the same profit and stop targets like I described yesterday.
In case EUR/JPY starts reversing, wait for the pair to break the support barrier at 139.00 and sell only then. I still think that we will hit the weekly top at 145.47, make a double top and only then we might retrace a bit further.
GBP/JPY is stuck in the same whipsaw channel between 171.80 and…Continue
EUR/USD: Buy Above 1.3730, TP 1.3760/75, SL 1.3708, BOS 1.3700
GBP/USD: Buy Above 1.6660,TP1.6700,SL1.6630,BOS1.6620
GOLD: Sell Below 1336,TP 1328/23,SL1342,BOB1343
CL: Sell below 102.50,TP102,SL102.80,BOB 102.90
USD/Jpy: Buy above 102.30, TP 102.85, SL 102.15, BOS 102.05
USD CB Consumer Confidence @8:00 PM
BOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending order will recover the…
Added by Usman Ali on February 25, 2014 at 7:11am — No Comments
Recommendations: LONG positions above 1.3700 with 1.3750 & 1.3770 as next targets.
Alternative scenario:The downside breakout of 1.3700 will call for a slide to 1.3670/1.3670.
Description: Intraday outlook in EURUSD is on the upside with risk towards 1.3750 ahead of 1.3780 levels as long as support 1.3700 holds on hourly basis , break of 1.3780 will open 1.3800/830 next .On the downside ,losing the 1.3700 levels on hourly…Continue
Added by Haitham653 on February 25, 2014 at 6:58am — No Comments
EUR has moved in a 60 pips range and we now have the first sign of a possible reversing of the bullish trend. It is the yesterday's long legged doji candle on Daily - we have a very small body and long shadows. This shows the market is confused and is looking for a direction, that means the bulls are wondering what to do. A Daily close below 1.3690 will confirm the start of reversal. Once below 1.3600 the target will be set at 1.3430 and below. EUR still has the potential for a last jump…Continue
This pair produced a false break of key support at 1.6600 today as predicted in our market commentary yesterday. From here we see a high probability that this market will push higher as the uptrend resumes. There is even room for 1:3 risk / reward before price runs into 1.6800 if a buy-limit order is placed around the 50% retracement of the pin bar that formed today (for educational purposes only).…Continue
Added by Lewis Barber on February 24, 2014 at 10:57pm — No Comments
EURUSD 5 Min:
Price fell in a classical pattern from the high of the day : a spike and channel. All charts in all time frame are always in a spike and channel of some kind. This is a more accurate and reliable version of Elliott waves that is way too vague for me to apply.
The channel after the spike is shown by the…Continue
Added by Constantine on February 24, 2014 at 4:30pm — No Comments
It has been mixed week trading on a swing side. Got caught out on bearish EURUSD BAT pattern for -45 pips. As far as other positions AUDUSD short is still in play seeing this market printing lower highs on 4 hour chart. One pattern that got completed just now is bearish Shark on CAC40 @4388's level. It edged slightly higher initially therefore will be watching it closer over the next hours. Bearish BAT on Gold(XAUUSD) posted last week is still in…Continue
Added by FuturesMO on February 24, 2014 at 3:31pm — No Comments
EUR/USD started the trading week on a positive note, riding on better than expected data. However, the common currency showed how vulnerable it is to the topic of negative deposit rates, as one comment sent it back down, setting a double top.
Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.
Added by Yohay Elam on February 24, 2014 at 1:06pm — No Comments