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…Continue
Added by fxtech on December 31, 2013 at 11:43pm — No Comments
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
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 ,…
Added by ZeusFXTrader on December 31, 2013 at 7:10am — No Comments
Added by ZeusFXTrader on December 31, 2013 at 7:09am — No Comments
Added by ZeusFXTrader on December 31, 2013 at 7:08am — No Comments
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…Continue
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…Continue
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…Continue
Added by fxtech on December 30, 2013 at 1:21pm — No Comments
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:…Continue
Added by Dr. Sivaraman on December 30, 2013 at 12:36pm — No Comments
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…Continue
Added by Lior Cohen on December 30, 2013 at 11:22am — No Comments
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.
Added by Gregor Horvat on December 30, 2013 at 10:30am — No Comments
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…
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"…Continue
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…Continue