The average of 6 major spot currency pairs against the USD.
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Added by Ron Schelling on August 31, 2014 at 5:10pm — No Comments
EUR/USD remains in downtrend. In August last two weeks we have seen Eur weakness nearly 300 PIPS and close near to our support Zone of 1.3163 to 1.3131 level. In short term time frames showing some bullish divergense, we can expect some bullish run in short term.…Continue
Added by Thangadurai on August 31, 2014 at 3:32pm — No Comments
EURUSD: Susceptible, Risk Points Lower
EURUSD: With a continuation of its previous week weakness seen the past week, further downside pressure is envisaged in the new week. Support lies at the 1.3100 level where a break will expose the 1.3050 level. Below here will pave the way for a move lower towards the 1.3000 level. If this continues, expect further downside to occur towards the 1.2950 level. On the upside, resistance lies at the 1.3200 level where a break will aim at the 1.3250…Continue
USDCHF: Faces Corrective Pullback Risk USDCHF: With USDCHF unable to follow through higher on the back of its previous week, it faces the risk of a pullback in the new week. On the upside, resistance resides at the 0.9200 level where a break will aim at the 0.9250 level. Further out, resistance resides at the 0.9300 level. A breather may occur here and turn the pair lower. On the downside, support lies at the 0.9150 level with a break targeting the 0.9100 level and then the 0.9050 level.…Continue
Added by fxtech on August 30, 2014 at 3:27pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.3140. The pair is close to our near term target of 1.3088. We are looking for a short correction up to start a 4th wave up before the resumption to the downside. The average daily true range (ATR) for the pair currently is 52 pips.Continue
Added by Scott Barkley on August 30, 2014 at 2:18pm — No Comments
If price break consolidation area looking for another long trade as there is clear divergence and my target would be last week 61.8 fib level @ 1.66712 and final TP would be 1.67000, lets see next week
Some Points to Remember
Currently we are at 1.7748 in a bear flag. If we get a break of the flag we are looking for a continuation to the 1.270 Fibo Support area @ 1.7650. The average daily true range (ATR) for the pair currently is 93 pips.
Added by Scott Barkley on August 29, 2014 at 1:33pm — No Comments
This Top Ten gathers the most powerful and influential banks in the world for this year 2014. Discover which bank is ranked at top of the biggest bank in the world.
Added by Ron Schelling on August 29, 2014 at 12:42pm — No Comments
GBPUSD: Vulnerable, Loses Upside Steam
GBPUSD: GBP closed slightly higher on a rejection candle on Thursday leaving risk of a downside trend continuation on the cards. On the downside, support lies at the 1.6550 level where a break will aim at the 1.6500 levels. A break of here will turn attention to the 1.6450 level. Further down, support lies at the 1.6400 level. Conversely, resistance resides at the 1.6656 level with a break aiming at the 1.6700 level where a violation will aim at…Continue
Added by fxtech on August 29, 2014 at 11:31am — No Comments
Crude Oil Insights
Added by Omkar Godbole on August 29, 2014 at 10:13am — No Comments
GBP USD 5 Min:
I called this on the forum, one of simplest most effective set ups in trading: A failed flag reversal off a pivot point.
Price rose from open reaching a measured move a perfect failed flag reversal pattern just below R1 pivot point with entry below the signal candle breaking a mini trend line.
There were 4…Continue
Added by Constantine on August 29, 2014 at 8:29am — No Comments
Dollar index was overbought since last couple of days. yesterday candle closed with no results, and make a spinning top. Today candle is still bullish and h1 candle is indicating bullish sentiments duo to Ichimoku support.
Gold prices moving between small gain and losses in early Asian Session placed high 1290.97. Yesterday, gold placed high 1296.32 but strongly consolidating by the SMA200 in d1 graph. The yellow…Continue
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!
Thursday's high 1.3220,…Continue
Added by Nili on August 29, 2014 at 7:00am — No Comments
EUR/USD: Already (LONG) bought the pair from 133:42 & from 13248 (AV 13295) with TSL 130:85 & TP is on 132:95.
GBP/USD: Already (LONG) bought the pair from 166:95 & from165:85 (AV 16640) with TSL 164:85 & TP on 166:40.
USDJPY: Already (SHORT) sold the pair from 102:88 & from 103:40 ( AV 103:14)with TSL 104:72 & TP on 103:10.
EUR/JPY:Already ( SHORT) sold the pair from137:90 with TSL 137:60 & TP…
Added by Pierre Chahine on August 29, 2014 at 6:53am — No Comments
Gold: Already (LONG) bought the precious metal from 1298 & from 1282 (AV 1291) with TSL 1264 & TP 1299.
Silver: previous order closed with 12 pips profit, sell the grey metal from 19:88 with TSL 20:78 & TP open.
Oil: buy the black liquid from 93:85 with TSL 92:54 & TP on 96:80.
Added by Pierre Chahine on August 29, 2014 at 6:49am — No Comments
FTSE-100 CFD:Already (SHORT) sold the index from 6695 & from 6754 (AV 6724)with TSL 6874 & TP on 6724.
DAX 30 CFD: buy the index from 9374 with TSL 9262 & TP 9688.
SPX500: CFD: Already (SHORT) sold (AV 1970) with TSL 2032 & TP on 1974.THEN/OR buy it from 1974 with TSL 1920 & TP 2020.
DJ30 : Already (SHORT) sold from (AV 17002)with TSL 17196 & TP on 16972.THEN/OR buy it 16972 with TSL 16860 & TP…
Added by Pierre Chahine on August 29, 2014 at 6:48am — No Comments