September 2012 Blog Posts (538)

Weekly Price Action & Ichimoku Highlights | Sept. 30th-Oct. 5th

 

EURJPY

After peaking at 103.50 about a week and a half ago, the EURJPY has formed two N waves down which is leg 6 of the wave count.  This is hinting there is likely another leg down and the price action confirms that with the last pullback being corrective.  Also, the chikou is below the price line, and there is a thick kumo ahead, so watch for a potential strong downward …

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Added by 2ndSkiesForex on September 30, 2012 at 9:00pm — No Comments

ZB_F Trade Video...

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Added by 50Pips on September 30, 2012 at 9:00pm — No Comments

PiCk tOp tO seLL eUrO - GbP & goLD - OuTLooK oCt 01-05

Despite week US economic data, market sentiment has once again shifted towards Europe with traders/investors focusing at the events in Spain. It has announced its budgetary measures and bank stress test according too, which out of fourteen Spanish banks 7-banks will be requiring Euro 59.3 billion, which as per market expectation.
In other developments Greece already hit by Euro 57 billion bad loans, which accounts for 25 pct of the total loan portfolio…
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Added by asad rizvi on September 30, 2012 at 6:09pm — No Comments

GOLD AND NEWS EVENTS :::

While we have heavy news hitting this week starting Monday with Benny and later to Draghi on Thursday...
Monday on FED's comment we should see whether 9875 initially and 9900 eventually stands out or falling so as to know what USD is upto..


Back to GOLD and there is a possible inv HNS in place with 1786 as the likely neck..1762-63 comes in as a supp......... 1805-07 decent…
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Added by Tahir Khan on September 30, 2012 at 5:00pm — No Comments

GOLD: Broader Risk Points Higher Despite Consolidation.

GOLD:  While GOLD may be digesting its recent gains, it continues to hold on to its medium term uptrend. However, we think the commodity should eventually recapture the 1,790.20 level on ending the mentioned consolidation. Above here will aim at the 1,800.00 level where a violation will call for a push further higher towards the 1.850 level. The alternative scenario will be for the commodity to return to the 1,700.00 level and then the 1,676 level. We expect this levels to provide a strong…

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Added by fxtech on September 30, 2012 at 4:34pm — No Comments

Catalonia: The Pursuit of Happiness

If you want to know more about the current situation in Catalonia and how distressful our future will be without our big owner Spain, read this.... I could not have said it better :)

Francesc

 

The Pursuit of Happiness

Written by Xavier Sala i Martin

Possessive husbands tend to react predictably when their wives ask for a divorce:…

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Added by Francesc Riverola on September 30, 2012 at 4:16pm — No Comments

GBP/USD Outlook October 1-5

GBP/USD was marked by a quiet week of trading. The pair dropped slightly at week’s end, closing in the mid-1.61 range. The upcoming week is quite busy, with 10 events. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

UK data was very close to the market forecasts. In the US, the numbers were mixed – housing figures were…

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Added by Yohay Elam on September 30, 2012 at 3:45pm — No Comments

GBP/USD Outlook October 1-5

GBP/USD was marked by a quiet week of trading. The pair dropped slightly at week’s end, closing in the mid-1.61 range. The upcoming week is quite busy, with 10 events. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

UK data was very close to the market forecasts. In the US, the numbers were mixed – housing figures were…

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Added by Yohay Elam on September 30, 2012 at 3:45pm — No Comments

EURUSD: Bears Extend Hold On The Downside.



EURUSD: A second consecutive week of declines saw the EUR even more vulnerable to the downside with eyes on the 1.2753 level. A clearance of here will open the door for a run at the 1.2692/1.2748 levels where a reversal of roles could occur. This could see the pair back off lower prices and target the upside. However, if this fails to happen Further declines will aim at the 1.2442 level. Its weekly RSI has turned lower supporting this view. On the other hand, the pair will have to…

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Added by fxtech on September 30, 2012 at 12:23pm — No Comments

EUR/USD Daily and Weekly Trend

EUR/USD trend turned last week, see red color bar at the bottom.

Only a close (NY) next week aboven 1.2960 can change the trend.

Added by Ron Schelling on September 30, 2012 at 12:19pm — No Comments

ECB's new HQ will cost €200m more than expected !

The European Central Bank's new headquarters, scheduled to be completed in 2014, will cost a lot more than expected, a top ECB official has admitted.

Originally, the estimated cost of the spectacular new twin-tower skyscraper, being built in the redeveloped east of Frankfurt, was put at €850m (£680m).

But ECB executive board member Joerg Asmussen, in a speech at the building's "topping out" ceremony here, said the final costs…

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Added by Ron Schelling on September 30, 2012 at 12:00pm — No Comments

    EUR N USD ::: Things are getting choppier all over.. Starting off with the USD and there was a disappointment once the price managed to break=k back into the Bear Flag it broke on Thursday and n…

    EUR N USD :::

Things are getting choppier all over..



Starting off with the USD and there was a disappointment once the price managed to break=k back into the Bear Flag it broke on Thursday and normally on such pattern as in rejection we are able to break on to the opposite side with a force has not opened.. End up spotting a Descending Triangle that had been…
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Added by Tahir Khan on September 30, 2012 at 10:39am — 1 Comment

EURUSD Weekly Outlook 01-05 Oct 2012

As shown on the daily chart posted below, the EURUSD is in consolidation mode- in medium term - after losing the key support 1.2940 which is served now as resistance!

A clear break with stability above 1.2940 would be a sign of very persistent bullish momentum, and then price action is testing 1.3075/1.3170 levels A.S.A.P!

But in return, a clear break below 1.2815 would delay the bullish move and extend the consolidation toward the key support 1.2685;…

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Added by Haitham653 on September 30, 2012 at 8:30am — 1 Comment

EUR/USD Forecast October 1-5 2012

Euro/dollar lost ground for a second week in a row, as Spain’s issues worsened. Also Greece isn’t doing that well, and the global slowdown also takes its toll. The upcoming week is the first for the last quarter of the year, and it features many events. The rate decision is the most important one. Here is an outlook for the upcoming events and an updated technical analysis for…

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Added by Yohay Elam on September 30, 2012 at 4:41am — 1 Comment

EurUsd: 38.2% fibs rock n' roll

Let's do less talking and more rock n' rolling charts starting with the weekly:

Beside the 38.2% fib retrace of the move down on the weekly charts we have also a nice three inside down bearish reversal pattern on weekly charts. And until the price don't break the 1.3485-1.3490 zone we are still having…

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Added by Pipomatic on September 29, 2012 at 10:59pm — No Comments

Gold And Silver | Weekly Recap September 24-28

Precious metals zigzagged throughout the week with an unclear trend despite the deprecation of the Euro and other "risk currencies" during last week. There were several reports that were published during the previous week: the U.S GDP growth rate was revised down to 1.3%;…

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Added by Lior Cohen on September 29, 2012 at 4:32pm — No Comments

Target Trading in the Forex upcoming week of Sep 30th ,2012

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2851 after bouncing on the 0.786 Fibo.  It is quite possible that we have put the bottom in but that is a very cautious position at this point so will not rule out a greater fall.   A break north target the 5th wave R6 @ 1.3111 then the 1.270 fib extension @ 1.3283 with the 1.3426 as the outer target.  A break south - target the 1.2759 area. The average daily true range (ATR) for the pair currently…

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Added by Scott Barkley on September 29, 2012 at 4:08pm — No Comments

USDCHF – Extends Corrective Recovery

USDCHF: The pair managed to close higher for a second week in a row at the end of the week, suggesting we could see further correction. If this occurs, further upside risk could build up towards its Sept 10'2012 high at 0.9482 where a breach will open up further upside gain towards the 0.9606 level. Its weekly RSI has turned higher suggesting further strength. On the down, if its current recovery fails especially ahead of the 0.9421/82 levels, its short term downtrend could be triggered.…

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Added by fxtech on September 29, 2012 at 9:34am — No Comments

USDJPY Trade Video…

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Added by 50Pips on September 28, 2012 at 7:30pm — No Comments

EURJPY: Still Faces Bear Threats

EURJPY- The cross’s decline is not over yet as it is vulnerable to the downside. This leaves the risk of retargeting the 99.51 level on the cards. It may see a respite here and turn higher. Further down, support lies at the 97.80 level where a break will call for a push lower towards the 95.72 level. Its daily RSI is bearish and pointing lower supporting this view. The alternative scenario will be for the pair to return above the 103.65 level. This will annul its present weakness and open…

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Added by fxtech on September 28, 2012 at 7:25pm — No Comments

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