The Crude Oil maintained a bullish momentum yesterday - after the false break below 103.71 - topped at 105.41 levels, now pressure will be on the key resistance 105.41, the crude oil will have to hold above the 105.41 levels on a daily closing basis to push the market for further upside gains,If seen it will target the 108.92 levels where a breach will turn focus on the 110.54 levels.
Alternatively, a failure to hold above the 105.41 levels could mean a return to the 102.67 levels…
Added by Haitham653 on July 31, 2013 at 11:57pm — No Comments
In the upcoming weeks, the world faces critical changes , in one way or another, the fx market will be effected directly or indirectly , let's start with situations in middle east, US role in Syria and Egypt may end once and forever, In Egypt more the 75% of foreign investments are US investment , the role of games may change 180 degree , What is happening now is that the…Continue
Currently we are at 1.5166 after the break south of the expanding wedge. We are looking for a bullish continuation to the R5 / day chart target @ 1.506-5025. We have to break the support cluster in the 1.5160 area first. FOMC later – be careful! The average daily true range (ATR) for the pair currently is 128 pips.…Continue
Added by Scott Barkley on July 31, 2013 at 12:48pm — No Comments
EURJPY is currently under the influence of a Dark Cloud Cover, as detected by the Candlestick Watch. It is serving as an early alert in the formation of a potential double top on the weekly charts.
Import these combination of studies to your personalized My Studies area by clicking below:…
Added by FXStreet on July 31, 2013 at 10:19am — No Comments
EUR/USD is putting pressure on the 1.33 line in Wednesday’s European session. Wednesday is very busy in both the Eurozone and the US, and we could see some volatility from the pair as a result. Taking a look at today’s Eurozone releases, German numbers were mixed, as Retail Sales slumped but Unemployment Change beat the estimate. French Consumer Spending disappointed, posting a four-month low. The…Continue
Added by Yohay Elam on July 31, 2013 at 9:56am — No Comments
As shown on the 4 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3233, resistance at 1.3301,a four hour close above 1.3301 will advance the pair further higher towards 1.3370 ahead of 1.3440 levels, while a four hour close below 1.3233 will open the way to 1.3165 ahead of 1.3095 levels.
Recommendation 1 # : Buying the pair with a 4 hour closing above 1.3301 targeting 1.3370 and 1.3440 levels, stop loss below 1.3233 levels.
Instrument Trend Recommendation 31-07-2013
EUR/USD Sell below 1.3265,TP1.3220/3200,SL1.3305 ,BOB1.3310
Sell below 1.5240,TP1.5200/5175 ,SL1.5255 ,BOB1.5265
Sell limit 1338,TP1330/25,SL1348,BOB1350
Buy limit 97.60,TP98/98.25 SL97.40,BOS 97.35
Sell below 103.30,TP 102.75 ,SL103.50 ,BOB 103.60
ADP NON FORM5.15PM, ADVANCE GDP 5.30PM FOMC 11PM
Added by Usman Ali on July 31, 2013 at 6:20am — No Comments
Recommendations: SHORT positions below 1.5250 with 1.5195 & 1.5150 as next targets.
Alternative scenario:The upside breakout of 1.5250 will call for a rebound to 1.5295/355
Description: The pair trades below its resistance at 1.5250, as long as this level holds ,the risk will remain to the downside towards 1.5200 ahead of 1.5150, an hourly close above 1.5250 will reverse risks to the upside towards 1.5300 , above 1.5295 will…
Added by Vladimir Mihaylov on July 31, 2013 at 5:20am — No Comments
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3297
Buy Stop: 1.3199
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 only!!!!!
Added by Martin Kay on July 31, 2013 at 1:07am — No Comments
HSBC - "Over the next 10 days the markets will be focusing heavily on the policy meetings of the big four
This week: Fed, BoE, ECB
Next week: BoJ, RBA (We expect 25bp cut), BoE Carney inflation report
For those with a weak constitution look away now, because on top of these policy meetings we have crucial data: US GDP data (important benchmark revisions), ISM, Payrolls
By the end of the week we may have a better understanding of where we stand on the tapering debate. This…
Added by Francesc Riverola on July 30, 2013 at 10:25pm — No Comments
As shown on the 4 hour chart posted below, fall from 1.3301 was rejected from the rising support from 1.2992 levels ,the pair already finds support at 1.3233 levels, resistance is at 1.3301 levels, a 4 hour close above this levels will target the 1.3400 levels.
However ; %R Williams indicator is very bullish and strongly supports the bullish view , but the pair needs to overcome the 1.3301 levels, note that a break below the rising support line would weaken the bullish scenario…
So far, 2013 has been an exciting year in foreign exchange trading, with much more volatility than beforehand. This volatility creates more opportunities for traders and volumes have been on the rise.
It could be just the beginning: things could get more exciting in the autumn. If you are thinking of forex trading, here are 5 reasons to dive into it, and it’s not only volatility.
In a previous live trading video, I received some feedback about why I put the buy and sell trading boxes where I did. To explain, I thought it a good idea to create an video on it to show the logic. It’s all to do with a combination of price action and fractals. Understanding the concepts of these are important to any trader, so if you are weak in this area take a look at this video where I…Continue
Added by Rob Helean on July 30, 2013 at 2:18pm — No Comments
Volatility has been steadily increasing since April. While volatility tends to revert to an historical average, it doesn't seem it's going to revert soon in the Aussie. http://ow.ly/nsprZ…Continue
Added by FXStreet on July 30, 2013 at 2:00pm — No Comments