Outlook in GBPJPY remains neutral at the moment , resistance comes at the 174.30 levels , break of the 174.30 levels on a daily closing basis will print support at the 172.64 levels and recapture the 175.36 levels , If this important resistance is taken out , expect the pair to flyby towards the 176.20/177.40 levels and possible higher towards the 178.50 levels….
On the downside , support comes at the 172.36 levels , sustained trading below this level will extend losses towards the…Continue
Added by Haitham653 on July 31, 2014 at 6:33pm — No Comments
EURUSD: Vulnerable But With Caution
EURUSD: With EUR extending its weakness on Thursday, further downside pressure is likely. With a rejection candle printed on Wednesday, beware of a recovery higher risk. Support lies at the 1.3000 level where a break will expose the 1.3350 level. Below here will pave the way for a move lower towards the 1.3300 level. If this continues, expect further downside to occur towards the 1.3250 level. On the upside, resistance lies at the 1.3650 level, its…Continue
Added by fxtech on July 31, 2014 at 6:31pm — No Comments
Yesterday we have seen the market making small swings for the FOMC and today continuing the slide as expected (continuation of unassuming slide).
Now we are on the month end.Then tomorrow the market is expected to make week end and month beginning moves....how the move will be?????? - listen to the recorded webinar....
I have explained the expected market moves for today and tomorrow during my Asian session: Live market analysis webinar.The…Continue
Added by Dr. Sivaraman on July 31, 2014 at 1:34pm — No Comments
GBP USD 5 Min:
Price fell from the open in an expanding triangle down channel hitting a major channel line (bold dotted line slanting down left to right) on the nose rising then just breaking it suggesting of a failed break out long trade. But there was no buy signal. Instead price rose and fell in 5 waves forming an expanding triangle with…Continue
Outlook in USDCAD remains on the upside as long as support 1.0795/1.0865 holds on a daily closing basis , resistance comes at the 1.0945 levels , a halt is likely , but further gains will pave the way towards the 1.1025 levels ahead of the 1.1075 levels…
On the downside , support comes at the 1.0865 levels ahead of the 1.0795 levels (main) , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.0737/1.0710 levels before the next rise…….
Added by Haitham653 on July 31, 2014 at 12:41pm — No Comments
The AUDUSD maintained a bearish momentum yesterday , bottomed at the 0.9302 levels and topped at the 0.9387 levels .This development leaves the pair targeting the 0.9256 levels , a halt is likely , but losing this level on a daily closing basis will open 0.9200 next , further downside will aim the 0.9135 levels…..
On the upside , resistance comes at the 0.9330 levels ahead of the 0.9387 levels ( main ) , break of the 0.9387 levels on a daily closing basis , will turn outlook neutral…Continue
Added by Haitham653 on July 31, 2014 at 12:39pm — No Comments
Hi Friends, This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Wednesday's high 1.3414, low 1.3366,…Continue
Added by Nili on July 31, 2014 at 10:43am — No Comments
AUDUSD is trading south as expected after only three wave rally from 0.9327 up to 0.9470. We labeled that move as wave (ii)/(b), so in eihter case we were looking for a drop to a new low of July. 0.9327 has been taken out now it means that new bearish impulse is now underway, ideally we are in blue wave (iii) of an impulse and not wave (c) of a correction, but in both cases we expect a drop down to between 0.9220-0.9250 area as projected target for the near-term swings.…Continue
Added by Gregor Horvat on July 31, 2014 at 9:00am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.3458 holds on a daily closing basis , support comes at the 1.3390 levels , sustained trading will open 1.3310 next , further losses will aim the 1.3220 levels……..
On the upside , resistance comes at the 1.3458 levels ahead of the 1.3529 levels (main) , break of 1.3529 on a daily basis will turn outlook neutral for retesting the 1.3561/1.3627 levels before the next fall…….
In all , as long as resistance…Continue
Added by Haitham653 on July 31, 2014 at 6:49am — No Comments
Dow Jones has traded below the lower trend line and was not able to move higher. Its not showing enough strength to move up & yesterday it breached the Low of the last Bearish candle with long upper shadow. Its time to Sell it with following SL & TP's.
Keep the SL @17075
Added by JP on July 31, 2014 at 5:32am — No Comments
VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 31/07/14
On 31/07/14, Australian Dollar / US Dollar last price down -0.0002 at 0.9323
Period Statistical Change
Added by Nathan Kay on July 31, 2014 at 5:05am — No Comments
Dollar gained much strength these days as FED continues to cut the stimulus program. USD has made significant advance against everything, but it seems that after yesterday's decision it is time for profit taking, so we have some pullback eveywhere. I expect the EUR to try to recover back to 1.3450-65 today or tomorrow. Another dollar push below 1.3375 may take the pair down to 1.3330. There we have a strong support area which is not going to be brokens soon, so you may enter LONG close to…Continue
So the busy day has concluded with the FED and I have gotta say, I did not see anything that leads me to believe that rates will be on the rise any time soon. The Fed made two noticeable changes to their statement, they took out unemployment remains elevated and they said that odds of inflation remaining persistently below 2% has "somewhat diminished". Of course we did have one dissenter out of the FED, Charles Plosser, who feels rates rising sooner should be more up for a debate. Bottom…Continue
Added by Omkar Godbole on July 30, 2014 at 4:00pm — No Comments
Wow, see why you do not try and guess what the data will be. So we have 2nd quarter GDP out at 4% and the markets have reacted. With a number like this you may be surprised at what some of the markets look like now. The one market I left out this morning was the US 10 Year Note and that just may end up being the most important market of the day. Take a look…Continue
Added by martin on July 30, 2014 at 3:37pm — No Comments
Added by Sheeda Pastaol on July 30, 2014 at 2:35pm — No Comments
Now we see more visible slides in EURO and GBP as unassuming slide.The players do this way for the traders to buy near the statistical support and then take the market lower to induce long liquidation.This I have explained earlier that the players are to trap the buy and sell traders ( bullish traders) this time.
We could see the continuation of the drop in EURO and GBP and USD gaining moves before and after FOMC.(18:00 GMT)
Added by Dr. Sivaraman on July 30, 2014 at 2:18pm — No Comments
Good morning, I wanted to get a quick post done this morning before the data. GDP for the 2nd Quarter will be released in 20 minutes and the FED will be later this afternoon. In my opinion the GDP will be the main driver of the markets. Currently the US Dollar is sitting just below 8150, these levels have not been seen since November of last year. Can it break through these levels or will it reverse?…Continue
Added by martin on July 30, 2014 at 12:25pm — No Comments
USDCAD: Extends Its Bullish Offensive
USDCAD: With USDCAD rallying strongly on Tuesday, further bullishness is now envisaged. On the upside, resistance is seen at the 1.0900 level followed by the 1.0950 level. Further out, resistance comes in at the 1.1000 level where a reversal of roles is expected to occur and turn it lower. On the downside, support lies at the 1.0750 level followed by the 1.0700 level where a break will aim at the 1.0650 level and then the 1.0600 level. Further…Continue
Added by fxtech on July 30, 2014 at 10:29am — No Comments