A 4th positive weekly performance in succession last week keeps the steady demand from July's low intact. GBPUSD is now testing the most positive levels traded for 8 months and with prices 'hugging' the upper end of both weekly and daily Keltner channels and the 13 day moving average supporting, we look for the upside to continue.…Continue
Added by Alan Collins on September 30, 2013 at 5:58am — No Comments
The EURUSD maintained a bullish momentum , printed a new support at the 1.3461 levels last week , this development leaves the pair targeting the 1.3577 levels where a breach is likely , If seen , it will target the 1.3711 levels, where a breach will turn focus on the 1.3785 levels, further upside with aim the 1.3870 levels.
On the downside , If 1.3461 fails on a daily closing basis, expect the market to weaken towards the 1.3325 levels , further downside will aim the 1.3243 levels…Continue
The EURUSD failed to break above the 1.3568 levels last week, so more consolidative trading is suggested below this level, to resume its upside offensive , the the pair will have to hold above the 1.3568 levels on a weekly closing basis , If seen ,It will target the 1.3785 levels where a breach will turn focus on the 1.4280 levels, further upside will aim the 1.4400 levels.
On the downside , a failure to hold above the 1.3568 levels could mean a return to the 1.3325 levels, a halt is…Continue
Added by Haitham653 on September 30, 2013 at 5:41am — No Comments
Added by muthusamy perisamy on September 30, 2013 at 2:05am — No Comments
Added by muthusamy perisamy on September 30, 2013 at 2:04am — No Comments
Added by ANDRES ALBERTO FERREYRA on September 30, 2013 at 12:09am — No Comments
CRUDE OIL: The commodity continues to weaken, leaving the risk of further downside expected in the new week. Support lies at the 102.00 level followed by the 101.00 level. A violation of here will aim at the 100.00 level and then the 99.00 level, its key psycho level. Its weekly RSI is bearish and pointing lower supporting this view. Resistance is seen at the 104.00 level followed by the 105.50 level where a violation will aim at the 106.50 level. Further out, resistance comes in at the…Continue
Added by fxtech on September 29, 2013 at 9:53pm — No Comments
Added by Abdul Rehman on September 29, 2013 at 7:54pm — No Comments
The AUDUSD on the weekly chart formed two double pin bar candles of the 21ema dynamic level. This is the kind of pin bar setup I teach in my Forex Internship Course where price perpetually rejects a significant level. This setup indicates the emergence of a…Continue
Added by Henry nnalue on September 29, 2013 at 4:23pm — No Comments
EURUSD: Though closing almost flat the past week, EUR continues to retain its broader upside. Risk of a return to the 1.3700 level remains. Further out, resistance resides at the 1.3800 level followed by the 1.3850 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, on a reversal of its current upside it could recapture the 1.3451 level. A reversal of roles is likely to occur here and turn it higher. Support lies at the 1.3300 level followed by the 1.3200…Continue
Added by fxtech on September 29, 2013 at 3:47pm — No Comments
Added by ANDRES ALBERTO FERREYRA on September 29, 2013 at 3:18pm — No Comments
Added by ANDRES ALBERTO FERREYRA on September 29, 2013 at 2:06pm — No Comments
Added by Futuristic on September 29, 2013 at 1:00pm — No Comments
Interesting chart and enough to read on internet all over the globe.
The chart tells me enough.
Click in the chart for a bigger picture.…Continue
Added by Ron Schelling on September 29, 2013 at 8:41am — No Comments
Added by Ron Schelling on September 29, 2013 at 8:23am — No Comments
A CNBC business news piece says -
NEW YORK, Sept 27 (Reuters) - The dollar fell across the board on Friday, hitting a 7-1/2-month low against the safe-haven Swiss franc, as wrangling over the U.S. budget and a lack of clarity over when the Federal Reserve will scale back stimulus curbed demand for the greenback.
The dollar also fell against the yen after Japanese Finance Minister Taro Aso said he was not thinking of lowering the effective corporate tax rate now.…Continue
EUR/USD consolidated its gains from the previous week, unable to pick a new direction just yet. The rate decision and its accompanying press conference, as well as final PMIs are the highlights of this week. Check out these events and more as well as an updated technical analysis for EUR/USD.
The German elections saw a victory for Merkel, but the lack of a clear majority now puts…Continue
Added by Yohay Elam on September 29, 2013 at 4:50am — No Comments
USDCHF – With a follow through lower occurring the past week, further downside is likely in the new week. Immediate support lies at the 0.9000 level. Further down, support lies at the 0.8950 level with a turn below here leaving the pair targeting the 0.8900 level followed by the 0.8800 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, the alternative scenario will be for the pair to retake the 0.9278 level followed by the 0.9454 level. Further out,…Continue
Added by fxtech on September 28, 2013 at 8:49pm — No Comments