December 2013 Blog Posts (397)

US Dollar Index: Weakens, Looks To Retake The 79.68 Level.

US Dollar Index: With the Index bearish and threatening further downside, there risk of continued weakness in the days ahead. This development leaves it targeting the 79.68 level, its Dec 27 2013 low where a decisive violation will resume its medium term downside towards the 79.00 level, its psycho level. Further down, support comes in at the 78.50 level and subsequently the 78.00 level. Its daily RSI is bullish and pointing lower supporting this view. On the other hand, resistance resides…

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Added by fxtech on December 31, 2013 at 11:43pm — No Comments

EUR/USD 1 Minute Chart

Added by Pip Logic on December 31, 2013 at 4:22pm — No Comments

2013 Thank You!

Added by 50Pips on December 31, 2013 at 11:40am — No Comments

Happy New Year to all

Just a quick note to wish you all a happy new year and a great trading success for all of 2014.

Added by gisysue on December 31, 2013 at 10:51am — No Comments

Intraday Market Forecast 31 Dec 2013

EURUSD: (Further Upside )

Recommendations: Long positions above 1.3750 with 1.3820 & 1.3850 as next targets.

Alternative scenario:The downside breakout of 1.3750 will open 1.3710/1.3680 levels.

Description: Stability above the key support 1.3750 will keep the bullish momentum intact and look for 1.3820/1.3850 levels, above 1.3850 would target 1.3900 next ,…

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Added by Haitham653 on December 31, 2013 at 7:24am — 5 Comments

2014 Outlook & Forecasts For EUR, GBP - JP Morgan

EUR: Of the forces which drove the currency higher in 2013 – a record current account surplus, stable front-end rates versus the US, diverging central bank balance sheet trends, investor underweights in euro assets – only one of these should persist into 2014 (current account surplus). Spread widening is the main and probably the only force for weakening the currency, and the burden for this move rests mainly with the Fed (the ECB is far from doing whatever it takes to generate inflation).… Continue

Added by ZeusFXTrader on December 31, 2013 at 7:10am — No Comments

Deutsche Bank 'Meaningfully' Raises Its Sterling Forecast Profile For 2014

Deutsche Bank turns less bearish on GBP and 'meaningfully' raises its sterling forecast profile for the coming year.



"The driver has been the large upside surprise in the growth outlook this year, in turn providing belated interest rate and flow support to the pound. Looking ahead to 2014, the GBP will have a tough balancing act to play amid a very chunky (probably deteriorating) current account deficit driven by improving domestic demand, and better cyclical conditions raising the… Continue

Added by ZeusFXTrader on December 31, 2013 at 7:09am — No Comments

What To Expect From CAD, CHF In 2014? - Barclays

CAD will likely weaken against the USD in the medium term as the BoC is likely to stay on hold for longer – until Q1 2015 – while the Fed will start tapering in January 2014, says Barclays.



"The degree of depreciation is likely to be rather modest compared with other commodity currencies such as AUD, however, given that other medium-term CAD-supportive factors such as a modest US growth outlook and resilience in oil prices would remain in place," Barclays… Continue

Added by ZeusFXTrader on December 31, 2013 at 7:08am — No Comments

How to trade the last day of 2013.

Trading recommendation as on  31-12.2013

Yesterday this pair move in buying direction but unable to break the strong resistance level 1.3820,if we considered the false breakout of Friday move.

EUR/USD: Buy Above 1.3775,TP1.3810,SL1.3750,BOS 1.3740.

Yesterday the sterling  placed  a high 1.6532 due to negative home sales by US, and closed above than the previous day closing. How ever today this pair is looking in bearish…

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Added by Usman Ali on December 31, 2013 at 6:05am — 3 Comments

EUR/USD Daily short term 31 Dec 2013

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3860 or 1.3838 if support around 1.3783 hold. After which a pullback to 1.3783 - 1.3766 zone is possible.

This is latest blog for 2013 years

I hope i will do best in new…

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Added by benyamin fard on December 31, 2013 at 1:31am — 3 Comments

Will the consumption tax hike repeat the history for the Japanese yen?

USD/JPY had remained under pressure of the psychological barrier of 105.00, for a long time, after touching 103.73 during May 2013. The price action was contained in a triangular…

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Added by Himanshu Jain on December 31, 2013 at 1:30am — 1 Comment

buy gbp/usd

target 1.6620

Added by jhon elton on December 30, 2013 at 4:20pm — No Comments

USDCAD: Outlook Remains Higher, Eyes The 1.0736/50 Levels.

USDCAD: With USDCAD holding on its broader uptrend, it now requires a break and hold above the 1.0736 level. A cut through here will pave the way for a run at the 1.0800 level where a violation will turn attention to the 1.0850 level and then the 1.0900 level. Its daily RSI is bullish and pointing higher suggesting further upside. Conversely, support lies at the 1.0650 level where a breach will set the stage for a push further lower towards the 1.0600 level and then the 1.0549 level. A…

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Added by fxtech on December 30, 2013 at 1:21pm — No Comments

Forecast for the year 2014

Dear all

Market appears subdued in thin volume condition during new year eve time.But there could be big year end moves during this week.

I have explained the expected market moves for the week 30 Dec-03 Jan 2014  and also the possible trend we could see in the NEW  YEAR, during my "Asian session: Live market analysis" webinar.

 

The recording of the webinar is available in the following link:…

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Added by Dr. Sivaraman on December 30, 2013 at 12:36pm — No Comments

Gold and Silver Outlook for December 30- January 3

The prices of gold and silver changed direction and rallied during last week. The low volume of trade kept the prices of gold and silver with little movement. On a weekly scale, however, both precious metals have rallied. The price of silver has erased its decline from previous weeks. Gold price is still down for the month. The aftermath of the FOMC decision, in which the Fed tapered QE3…

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Added by Lior Cohen on December 30, 2013 at 11:22am — No Comments

USDJPY Elliott Wave Forecast: Be Aware Of A Corrective Retracement Within Larger Uptrend

USDJPY accelerated nicely to the upside in the last few weeks after breaking out of a triangle pattern placed in wave four position. We are now tracking wave five, final leg of a larger pattern that also needs to be made by five smaller waves. On the daily chart we see prices moving up in wave 3) that could look for some top formation around 105-106 area and send price down in wave 4), back to 102.00 area before market turns up again for 107 maybe even 109 target.

USDJPY Daily…

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Added by Gregor Horvat on December 30, 2013 at 10:30am — No Comments

Intraday Market Forecast 30 Dec 2013

EURUSD: (Further Upside )

Recommendations: Long positions above 1.3690 with 1.3800  & 1.3850 as next targets.

Alternative scenario:The downside breakout of 1.3690 will open 1.3660/1.3630 levels.

Description: Stability above the key support 1.3690 will keep the bullish momentum intact and look for 1.3800/1.3850 levels, losing  1.3690 levels will delay the…

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Added by Haitham653 on December 30, 2013 at 9:44am — 10 Comments

Weekly Forex & Futures Outlook

Added by 50Pips on December 30, 2013 at 8:40am — No Comments

EUR/USD & GOLD forecast 30.12.2013

First of all i wish you many of these next year and once again i want to thank you all for your comments and "Likes"…

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Added by Vladimir Mihaylov on December 30, 2013 at 6:20am — 25 Comments

Market Reversal Levels ,Week of 30 Dec 2013

1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.

2- If the market rallies into resistance levels , a sell-off is expected.

3- If the market sells-off into support levels, a rally up is expected.

4-I highly recommend using divergences techniques, to find possible turning point during the week!

5- The recommended time…

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Added by Haitham653 on December 29, 2013 at 9:00pm — 2 Comments

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