“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
EUR/USD Technicals - Will She Or Won't She ?
EUR/USD Weekly Chart…Continue
“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
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
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
What ProAct Forex Target Traders See: We are currently sitting @ 1.3756. We are looking for a continued correction to the 1.3650 ish area and then a bounce back to the 1.4000. The average daily true range (ATR) for the pair currently is 77 pips.
Added by Scott Barkley on March 30, 2014 at 7:15pm — No Comments
The NZDUSD continued its bullish momentum yesterday , bottomed at the 0.8585 levels , and topped at the 0.8685 levels . This development leaves the pair targeting the 0.8735 levels where a breach will turn focus on the 0.8800 levels , further upside will aim the 0.8850 levels.
On the downside , support comes at the 0.8640 levels ahead of the 0.8585 levels (main) , losing this level on a daily closing basis , would weaken the current bullish for retesting the 0.8500 levels before the…Continue
Added by Haitham653 on March 28, 2014 at 7:28am — No Comments
Recommendations: SHORT positions below 1.3778 with 1.3720 & 1.3690 as next targets.
Alternative scenario: The upside breakout of 1.3778 will call for a rebound to 1.3827/45.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3778 holds , support comes at the 1.3720 levels , a halt could be seen , but a break would open 1.3693 levels , further downside will aim the 1.3660/1.3640…Continue
This market continued pushing higher again today. It's times like this where we need to wait and not get carried away with euphoria nased on the fact the market has been strong. Price is now sitting above resistance and there is no more resistance for a long time. We will now wait for a good price action signal from the EMAs to join the strength in this market.…Continue
Added by Lewis Barber on March 27, 2014 at 11:32pm — No Comments
Another month has passed by, which it means that another Meetup is ready! If you have come before you already know how it works, but if you are new in FXStreet meetups you have to know that on the first week of the month traders from 7 different cities around the world meet to talk about Forex and Trading.
After a learning session they have a drink and…Continue
Added by Francesc Riverola on March 27, 2014 at 4:30pm — No Comments
Added by Eric Mcleoad on March 27, 2014 at 1:49pm — No Comments
GBP/USD Weekly Chart…Continue
Added by Omkar Godbole on March 27, 2014 at 8:50am — No Comments
EUR/USD:Sell Below:1.3802, TP1.3766, SL1.3830, BOB1.3840
GBP/USD: Sell 1.6585,TP1.6540,SL1.6615, BOB1.6620
GOLD: Sell Below1306,TP1292,SL1311, BOB1313
CL: Buy Above100.25, TP 100.70,SL99.85, BOS99.70
USD/JPY: Sell Below102.28, TP101.85, SL102.58, BOB102.68
Important News:GBP: Retail Sales m/m @ 02:30pm, USD: Unemployment Claims @ 05:30pm, USD:
Pending Home Sales m/m…Continue
Added by Usman Ali on March 27, 2014 at 7:14am — No Comments
Full thext is here
LONG EUR above 1.3805 SL 1.3790 TP 1.3830-1.3850-1.3880
SHORT EUR below 1.3840 SL 1.3855 TP 1.3780-1.3750-1.3730-1.3710
SHORT GOLD below 1308 SL 1312 TP 1300-1292-1288-1280-1278
LONG GOLD above 1320 SL 1315 TP 1330-1336-1340
Added by Vladimir Mihaylov on March 27, 2014 at 6:20am — No Comments