Added by fxtech on November 3, 2014 at 9:04pm — No Comments
Added by Farida Rahman on November 3, 2014 at 7:30pm — No Comments
GBPUSD: Looks To Recover Higher On Correction
GBPUSD: With GBP seen halting its downside pressure during Monday trading session, it faces the risk of a move higher on correction. On the downside, support lies at the 1.5950 level where a break will aim at the 1.5900 level. A break of here will turn attention to the 1.5850 level. Further down, support lies at the 1.5800 level. Resistance resides at the 1.6050 level with a break aiming at the 1.6100 level. A violation will aim at the…
Added by fxtech on November 3, 2014 at 2:51pm — No Comments
This week 03-07 November being first week of the month ,we expect very volatile moves in the market.Already big moves are seen in majors and commodity pairs.We could see lower level consolidation with frequent downward stop hunt followed by good rise in EURO and GBP.
I have given the session wise expected moves in the five days of this week and also the range in which the currencies could swing in this week during my Asian session: Live market analysis…Continue
EURUSD is in clear bearish trend, forming a nice impulsive downtrend now breaking to new lows again after recent fourth wave rally back to 1.2880 that appears completed. As such, we expect more weakness in the next couple of days, maybe even weeks towards 1.2000-1.2100 projected region for wave 5) that is now in progress.
EURUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on November 3, 2014 at 8:14am — No Comments
Added by Carol Harmer on November 3, 2014 at 8:12am — No Comments
Last week , the EURUSD broke below the psycho level 1.2500 , topped at the 1.2770 levels , bottomed at the 1.2485 levels and closed at the 1.2516 levels .This week focus will be on (ECB) Interest Rate Decision (Nov),Monetary policy statement and press conference. Things are expected to remain the same with no critical changes , however , any surprise by the ECB should only bring limited gains ( an opportunity to short at resistance levels).let’s take a quick look the most critical data first…Continue
Added by Haitham653 on November 3, 2014 at 6:00am — No Comments
EUR under a heavy downside pressure again after last week's FED meeting and has broken the 1.2500 support, currently trading below it too. Weekly, Daily and H4 indicators are bearish so another push downside is ahead. Seems that the EUR will look for support around 1.2200-1.2140 and finally 1.2000. It may seem too catastrophic but prices below 1.2000 are also possible, but maybe next year. For now EUR is bearish below 1.2530 and first resistance is now 1.2500.
GOLD dropped sharply to…Continue
EURUSD: Pressure Builds On Key Support
EURUSD: With a follow through higher occurring the past week, further downside pressure is expected in the new week. However, EUR will have to break and hold below the 1.2500 level to extend its weakness. On the other hand, support lies at the 1.2500 level where a break will expose the 1.2450 level. Below here will pave the way for a move lower towards the 1.2400 level. If this continues, expect further downside to occur towards the 1.2350 level.…Continue
Added by fxtech on November 2, 2014 at 5:36pm — No Comments
Added by FuturesMO on November 2, 2014 at 4:22pm — No Comments
If we break the trend line we will be entering potentially one of the biggest dollar bull markets in decades, if not ever.
Added by Ron Schelling on November 2, 2014 at 1:00pm — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on:
Added by Ron Schelling on November 2, 2014 at 12:58pm — No Comments
Just thinking aloud, not recommending any trade. Let us take a look at NZDUSD on the daily. The downtrend that started in July halted in the end of Sep and then began a period of consolidation that has a mix of red and white days. The bulls made some ground but the bias has shifted to the down side again. The counter - trend line (blue) has been broken rather convincingly last Fri and I am thinking that a big move down is not far away.…Continue
Added by Oasis on November 1, 2014 at 7:00pm — No Comments
USDCHF: Closes Higher But Faces Pullback Risk.
USDCHF: The pair closed strongly higher the past week leaving risk of further upside on the cards. On the upside, resistance resides at the 0.9662 level where a break will aim at the 0.9750 level. Further out, resistance resides at the 0.9800 level. A breather may occur here and turn the pair lower. Its weekly RSI is bullish and pointinmg higher supporting this view. On the downside, support lies at the 0.9600 level with a break targeting…Continue
Added by fxtech on November 1, 2014 at 2:12pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.2524 in a 5th wave. We are looking for the first target @ 0.2403 with an overall target in the S6/1.270 Fibo area @ 1.2423. The average daily true range (ATR) for the pair currently is 112 pips.
Added by Scott Barkley on November 1, 2014 at 2:08pm — No Comments
Jesse Livermore 1877-1940
November 1st 2014. With the S&P closing at an all-time high we need to consider the possibility that the buck and SPX are no longer correlated. For all of 2014 so far there have been two fundamental plays.…Continue
Added by Gary on November 1, 2014 at 10:34am — No Comments