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On the FX, we are still tracking bullish counts for the USD against several pairs. On GBPUSD we adjusted the wave count, where structure is still looking bearish as rally from the low seems to be in three legs and limited at former swing low. Therefore, trend remains down for now, but rally above former wave iv) would put bearish view in question.
GBPUSD 1h Elliott Wave Analysis…
Added by Gregor Horvat on September 30, 2014 at 9:30am — No Comments
German Unemployment Change measures the change in the number of unemployed people during the previous month.
Usual Effect: A high reading or a better than expected number is seen as negative for the EUR, while a low reading is positive.
Frequency: Released monthly, about 30 days after the month ends
Last Read :3 K
Expectations :-2 K
Actual : 13…Continue
Added by Haitham653 on September 30, 2014 at 8:29am — No Comments
Immediate support is 9480/76. Try longs with stops below 9460. A break lower then meets the next support at 9440/35 & a low for the day expected if we fall this far. Try longs again with stops below 9420.
Immediate resistance at September highs of 9530/32. A break higher always a strong possibility in this bull trend & should target 9560/65 then 9595/9600 perhaps later in the week.…
Added by Jason Sen on September 30, 2014 at 6:30am — No Comments
The parameters of this flag are resistance at 1.1155/60 & support at 1.1110. Trade these levels until we see a breakout. Exit shorts & try longs at 1.1110/00 with stops below 1.1080.
Trying shorts at 1.1155/60 is more risky in a bull trend so keep stops tight at 1.1170. Be ready then to go with a break above 1.1180 for a move towards 1.1220/25 & possibly as far as 1.1245/50 this week to exit any longs. Above we meet this year's high at 1.1278 & can try shorts within…Continue
Added by Jason Sen on September 30, 2014 at 6:28am — No Comments
30m trend line holding immediate bullish bias, but a break would only mean a temporary pause. Looking to buy around 109.30-40, stops below 109.15 to hold it until at least recent highs. Next longer term resistance is around 110-1 from Aug 2008.
Added by Jack Inman on September 29, 2014 at 8:50am — No Comments
EURUSD is at the lows, now well beneath 1.2700, but most likely in wave v) of (iii) so new short-term corrective retracement can follow back to 1.2760 resistance. From there we will expect a new turn up, into five stages of a black wave 5 that will complete its own cycle from 1.3000 level. With that said, sooner or later EURUSD will turn into a bigger corrective rally, ideally at the start of October.
EURUSD 4h Elliott Wave…
The EURUSD declined as expected last week , topped at the 1.2900 levels , bottomed and closed around 1.2680 levels , with no sign of recovery , further downside is likely this week , instant support comes at the 1.2660 levels , we might see hesitation before the next leg down , however ; a clear break below this level will continue falling towards the the psycho levels 1.2500 , a halt is likely , but , sustained trading below this level will open 1.2389 next , further downside will pave the…Continue
Added by Haitham653 on September 29, 2014 at 7:08am — No Comments
With breaking below the 1.2815 levels last week , further downside is likely and couldn’t be ruled out , next support comes at the psycho level 1.2500, a halts is likely , but losing this level on a weekly closing basis will bring a lower leg below the 1.2000 levels ..
On the upside , minor support comes at the 1.2500 levels , a rejection from the 1.2500 levels followed by a clear break above the 1.2815 levels on a weekly closing basis , will suggest false bearish breakout below the…Continue
Added by Haitham653 on September 29, 2014 at 7:00am — No Comments
EUR has continued the free fall which started nearly 10 weeks ago. News from the EU and ermany are continuous worse and worse while over the Atlantic Mrs.Yellen continues to reduce the stimulus program. From the other side seems that 1000 pips were not enough for the big players to take their profit and they continued to sell EUR. Are they brave enough to bring the price to 1.2210? Technically this is not impossible. This price is the monthly SMA200 line and it is a good target. This monthly…Continue
Added by Vladimir Mihaylov on September 29, 2014 at 5:12am — No Comments
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!
Friday's high 2760, low…Continue
Added by Nili on September 29, 2014 at 4:37am — No Comments
Added by FuturesMO on September 29, 2014 at 2:45am — No Comments
EURUSD: Continues To Face Downside Pressure
EURUSD: Outlook for EUR remains lower after extending its weakness below the 1.2700 level the past week. Support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2500 level. If this continues, expect further downside to occur towards the 1.2450 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 1.2750…Continue
Added by fxtech on September 28, 2014 at 6:10pm — No Comments
USDCHF: Bullish, Threatens, Further Upside.
USDCHF: With USDCHF closing higher on a follow through higher on the back of its previous week gains, further upside is envisaged. On the upside, resistance resides at the 0.9550 level where a break will aim at the 0.9600 level. Further out, resistance resides at the 0.9650 level. A breather may occur here and turn the pair lower. Its weekly RSI is bullish and pointing higher supporting this view. On the downside,…
Added by fxtech on September 27, 2014 at 5:52pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.2683. We are looking for a correction and then a breakdown to the support at 1.2423. The average daily true range (ATR) for the pair currently is 81 pips.
Added by Scott Barkley on September 27, 2014 at 4:25pm — No Comments
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The Trader of the Year 2014 Demo Contest takes place from Oct, 12th until Nov, 14th 2014.
Have some fun and above all... learn to trade better by participating in it
May the force be with…Continue
Theme #1: Euro Pah! – Sell EUR trade-weighted, sell EUR/USD
Theme #2: Another Ten for Dollar Yen – Buy USD/JPY
Theme #3: Stirling Stayed , Swiss Squished – Buy GBP/CHF
Theme #4: Rampant Mountie Seeks Milky Bounty – Sell NZD/CAD
Theme #5: Dingo no Drongo – Buy AUD vs EUR and JPY
Theme #6: Helga so Hot – Buy NOK and SEK vs EUR
Theme #7: Canton Talks, Gangnam Walks – Buy CNH/KRW
Theme #8: Join Rupee Groupies now Sing Out of Time – Sell SGD/INR
Theme #9: Trade…
Added by Francesc Riverola on September 26, 2014 at 9:33am — No Comments
AUDUSD is at the lows, it's weakening within wave 3 that should be made by five subwaves. Well, in the last few sessions we have seen a break to a new low with current price trading towards 261.8% Fibonacci extension level that comes in around 0.8750/60. That's very close so market can be now in final stages of wave 3, especially if we consider a divergence on the MACD. With that said, traders should be aware of a corrective rally up in wave 4 of a larger degree. A move back…Continue
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2765 holds on a 4 hour closing basis , a failure to hold above the 1.2765 levels on a 4 hour closing basis could mean return to the 1.2696 levels where a cut will open the 1.2660 levels , more losses will aim the 1.2600 levels, ahead of the 1.2550/1.2500 levels..
On the upside , sustained trading above the 1.2765 levels will bring small recovery , but any recovery should be limited by the 1.2850/1.2900 levels…Continue
Commodity currencies are weak, with AUDUSD falling towards 0.8800 where wave (v) could look for some support. Trader need to be aware of an upward correction in days ahead, especially once 0.8895 swing is broken.
AUDUSD 1h Elliott Wave Analysis
Gold is trading in line with Aussie. On metal we have also seen price falling to a new low so the wave count is…
Added by Gregor Horvat on September 25, 2014 at 9:38am — No Comments