EURUSD has been under pressure despite recent push upwards but failed to break out of strong resistance at 1.3100 – 1.30600 zone and remain under pressure. With current price action and technical outlook EURUSD next target zone will be around 1.276 – 1.267 zone. Break out of 1.275 – 1.267 zone at lower end will confirm Bearish move in EURUSD leading to test of 1.200 levels. For traders current outlook provide nice opportunity to Short EURUSD with first target of 1.275 level and break of…Continue
Added by Sardar Uddin on April 28, 2013 at 5:27pm — No Comments
Last week market saw quite a few disappointing US data, except for the new home sales. The economy is having impact of sequester and minor adjustments that was made in tax structure. Neither there was good news from Europe, as the release of economic data revels that Europe is sliding towards recession. The only surprise of the week was the release of stronger than expectation of UK’s GDP data that…
Added by asad rizvi on April 28, 2013 at 5:20pm — No Comments
on usdjpy h4 i've noticed breakout bottom line uptrend,situation that might get price even to 95.85 in next few days or weeks,simillar situation is on eurjpy .price on this pair might get to 126.00.good luck i wish
Added by gregorian on April 28, 2013 at 10:04am — No Comments
For those traders who like to trade less volatile strategies.
EUR/USD against USD/CHF, daily close (NY 4 PM)
Trade new highs/lows of the ratio, based on closing prices.
Only 2 trades in April, +140 pips.
Keep things simple !
Added by Ron Schelling on April 28, 2013 at 8:44am — No Comments
Recommendations: SHORT positions below 1.3083 with 1.2910 & 1.2830 as next targets.
Alternative scenario:The upside breakout of 1.3083 will call for a rebound to 1.3190/280.
Description: The pair continued to maintain its bearish momentum last week below 1.3083 levels, now pressure will be on the key support 1.2972 levels, a break and hold below this level on a daily…
Added by Haitham653 on April 28, 2013 at 8:37am — No Comments
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The website gives more information:…Continue
Added by Ron Schelling on April 28, 2013 at 8:30am — No Comments
EUR/USD weakened for a second week in a row, as speculation of a rate cut grew, but nothing is certain. Rate cut or no rate cut? This is the question and we will get answer this week in one of the more important ECB decisions. In addition, German inflation, employment and retail data, Manufacturing PMIs are additional highlights of a very busy week. Here is an outlook on the main market-movers…Continue
Added by Yohay Elam on April 28, 2013 at 5:28am — No Comments
Added by Silver surfer on April 28, 2013 at 2:40am — No Comments
The GBPUSD continued to maintain its bullish momentum the past few weeks, now pressure will be on the key resistance 1.5507 - high of the week 17 Feb 2013 , this level is a pivotal in the medium/long term outlook, to resume its upside offensive , a break and hold above 1.5507 on a weekly closing basis is needed,If seen, we would have 2 scenarios :
Scenario A : the pair will hold above 1.5507 before attacking 1.5775 ahead of 1.6000 levels, break of 1.6000 will target 1.6400…Continue
What Forex Target Traders See: We are currently sitting @ 1.3042 in a wedge so this could go either way. A couple of different scenarios. 1: bull move- a break to the S5 @ 1.2892 with resistance at 1.3150 2: Bear move- a break to the R3 @ 1.3099 with support at 1.2846. The average (14 day) daily true range (ATR) for the pair currently is 99 pips. …Continue
Added by Scott Barkley on April 27, 2013 at 2:16pm — No Comments
sterling in friday.was consolidating between 1.5417 and 1.55(psychological level).gbp closed around top of ichimoku cloud and await for monday.this week we'll see PMI's for U.K.these data will be really important for this pair because if we'll see bad news then market might reversal from 1.5440/50 area if good then price will be heading to 50% retracement 1.5595/1.5605 levels,please be carefully with this level because brakout it should take sterling up till 1.5770/80 area in next few…Continue
Currently we are at 1.8183 and headed to the top. We are looking for a continuation to the resistance @ 1.8245 then a continuation next week up to the 3rd wave R5 resistance @ 1.8311. There are multiple tops in place at the 1.8245 area. …Continue
Added by Scott Barkley on April 26, 2013 at 1:08pm — No Comments
As shown on the daily chart, the pair was rejected from the key resistance 1.3161 after fake breakout above this level, another rejection was seen from the key resistance 1.3070, however, stability below 1.3070 levels could mean a return to the 1.2745 levels, below this level is likely to have large bearish move, but a break below the key support 1.2625 is needed to open the way towards the psychological level 1.2000..
On the upside, to neutralize the bearish attack and weaken the key…Continue
Added by Haitham653 on April 26, 2013 at 11:53am — No Comments
here is my gold weekly chart.
after a sudden meltdown price is recovering forming a bullish engulfing candle on the 200 EMA
maybe time for gold to be bullish and maybe hit $3k per ounce later this year when market collapses....…Continue
Added by Shaun Powell on April 26, 2013 at 11:16am — No Comments
BNP Paribas - "The projections are remarkably buoyant. On growth, the Bank has raised its growth projection by 0.6 percentage point both for FY2013 and FY2014 to 2.9 and 1.4%, respectively. This is mainly related to the change in direction of macroeconomic policies. This is very high compared to our forecast and those of other institutions. We expect GDP growth in 2013 close to 1.5% and in 2014 close to 1%.
On the risks, the BoJ mentions that delays in implementation of regulatory and…
Added by Francesc Riverola on April 26, 2013 at 10:30am — No Comments
GBPUSD: Having rallied through the 1.5410 level, its April 11’2013 high on Thursday, further upside offensive is likely towards 1.5450 level. On a break and hold above here resistance resides at the 1.5500 level where a violation will call for a run at the 1.5550. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on any pullback the pair could retest the 1.5410 level. We expect this level to provide a strong support and turn it higher. Further down, support comes…Continue
Added by fxtech on April 26, 2013 at 10:07am — No Comments
EUR/USD is steady in Friday’s European session, with the pair trading in the mid-1.30 range. Speculation is rising that the ECB may reduce interest rates at next week’s policy meeting, and this could certainly affect the movement of the pair next week. Looking at economic news, there was more weak news out of Germany, as German Import Prices declined for the first time since January. Eurozone M3…Continue
Added by Yohay Elam on April 26, 2013 at 9:46am — No Comments
EURUSD has found yesterday its local high aroung described 80 area. The pullback to 1.2990 was more agressive than could be expected.
At the moment pair has several support points in 1.3010-1.3000 area. The first resistance is 1.3040, which was tested during previous hour.…Continue