“The essence of discipline is that there are no exceptions.” – Jack Schwager, author.
April 1st 2014 – Welcome to Q2 and to April fool’s Day. The 1.3875 level is now resistance on EURUSD, not kidding! After the failure of the breakout through key multi-year technical resistance this level is the latest lower high confirmed by a lower…Continue
We have revised our support level on this market to 1.6600 - it is a round number and you can clearly see it has acted as support in the past. We may see a small retracement before price pushes higher to retest key resistance up near 1.6800 over the next few days.
Added by Lewis Barber on March 31, 2014 at 8:36pm — No Comments
The EURHUF maintained a bearish momentum last Friday , topped at the 310.63 levels and bottomed at the 308.11 levels . This development leaves the pair targeting the 306.15 levels , a halt is likely , but losing the 306.15 levels would open 303.65 next , further downside will aim the 301.00 levels..
On the upside , resistance at the 309.35 levels ahead of 310.63 (main) , break of this level on a daily basis will reverse risks towards the 313.20 levels , further upside will open the…Continue
Added by Haitham653 on March 31, 2014 at 7:06pm — No Comments
Added by FuturesMO on March 31, 2014 at 2:49pm — No Comments
EUR/USD Technicals - Will She Or Won't She ?
EUR/USD Weekly Chart…Continue
Today during my Asian session: Live market analysis webinar,I explained the expected market moves and levels for the week 31 March -04 April.it is monthly trend reversal time.So very high volatile moves may be seen .The recording of the webinar is available in the given below link:…Continue
Added by Dr. Sivaraman on March 31, 2014 at 10:26am — No Comments
TD Securities - "EURUSD rebounded in the early part of the past week, much as we expected it might after the consolidation late the week before. But despite a very powerful rally Monday (outside range day), the gains did not have any staying power and the EUR traded softly over the balance of the week, falling to test the 40-day MA. The market may be able to consolidate a little longer (and gain a little more) above 1.3775 early next week but the short-term bias towards more corrective…Continue
Added by Francesc Riverola on March 31, 2014 at 9:02am — No Comments
On the EURUSD we are looking at potential low of a complex corrective decline from 1.3966, so bullish waves could follow from a technical perspective and catch the German Dax. We will keep an eye on this market for potential bullish set-up in this week. EURJPY as well could be interesting, but we see USDJPY running into the 103.00 resistance, at the upper side of the range.
EURUSD 1h Elliott Wave Analysis…
Added by Gregor Horvat on March 31, 2014 at 9:00am — No Comments
UBS - "The dollar has reached a major turning point against the euro. For the first time in eighteen months, relative central bank balance sheet growth is favouring the greenback as the Federal Reserve tapers its asset purchases. At the same time the European Central Bank's balance sheet contraction is also slowing as commercial banks cut their repayments of Longer-Term Refinancing Operation loans. Since the 2008 financial crisis such shifts have led to major turning points in the currency…Continue
Added by Francesc Riverola on March 31, 2014 at 8:49am — No Comments
“I have known people with systems that can easily net 100% each year who constantly jump on the next new system that comes along.” K Van Tharp, Trading Coach, author of Market Wizards.
March 31st – This week features high level events from the euro-zone and the US, making it a very interesting week for EUR/USD. Inflation data in the euro-zone is likely to set the expectations for the ECB meeting, but it does not mean that the expectations will be met. In…Continue
Added by Gary on March 31, 2014 at 8:30am — No Comments
Added by Omkar Godbole on March 31, 2014 at 8:30am — No Comments
NZDUSD traded higher during last week along with AUDUSD, as the market is expecting China to overcome hurdles and increase the prospects of stimulus. The pair climbed to new 2 1/2 year high of 0.8697 last Friday. However, the pair is trading a touch lower today after the release of ANZ Business Confidence.
ANZ Business Confidence
In the Asian session, New Zealand’s business confidence was published by ANZ Bank New Zealand Limited. The report highlighted that net 67…Continue
Added by Aayush on March 31, 2014 at 7:32am — No Comments
Day Trading Recommendations for Majors as on 31-03-2014
EUR/USD:Buy Above:1.3745, TP1.3790, SL1.3715, BOS1.3705
Buy Above1294,TP1303/07,SL1288, BOS1287
Sell Below101.45, TP 101/101.70,SL101.75, BOB 101.85 USD/JPY: Sell Below102.89, TP102.50,
SL103.15, BOB103.25 Important News: EUR: CPI Flash Estimate y/y @02:00pm, USD: Fed Chair Yellen
Speaks @06:55pm, GBP: BOE Gov Carney…Continue
Added by Usman Ali on March 31, 2014 at 6:49am — No Comments
The GBPUSD maintained a bullish momentum last week , bottomed at the 1.6475 levels and topped the 1.6650 levels , note that the pair rebounded strongly above the key support 1.6382 as suggested few weeks ago . As a result , outlook in GBPUSD returns - cautiously - to the upside -, a clear break above the 1.6650 levels will confirm bottoming at the 1.6475 levels , If seen , the pair will recapture the 1.6754 levels , sustained trading above the 1.6754 levels will open 1.6821 levels ahead of…Continue
The EURSD continued its bearish correction last week , but fall from 1.3966 levels was temporary – halted by the key support 1.3706 as suggested , as a result ; outlook in EURUSD remains neutral with risk to the upside , note that stability above the 1.3706/1.3748 levels could mean a return to the 1.3915/1.3965 levels , break of 1.3850 levels will build pressure on the 1.3915/1.3965 levels . If this important resistance is taken out , expect the pair to extend gains towards the 1.4035…Continue
The AUDUSD continued its bullish momentum as suggested last week , reached 0.9270 levels and topped a littlie bit above this level at the 0.9295 levels . To resume the upside offensive ; 0.9295 should be taken out , If seen It will target the 0.9447 levels , a halt is strongly suggested and the pair is likely to top around this level , If this resistance fails , expect the pair to strengthen further towards the 0.9622 levels , further upside will aim the 0.9757 levels.
On the downside…Continue
Added by Haitham653 on March 31, 2014 at 6:00am — No Comments
Added by Carol Harmer on March 31, 2014 at 5:56am — No Comments
Added by Vladimir Mihaylov on March 31, 2014 at 5:15am — No Comments
The strength in this market shows that AUD is bullish across the board. Price pushed above 94.00 key resistance last week and we will be looking out for a price action buy signal after a retracement next week.
This pair finally exploded…Continue
Added by Lewis Barber on March 30, 2014 at 8:57pm — No Comments