AUD/USD is now showing Divergence /4 H Chart CURRENT PRICE IS 0.9023 , it seems that the pair is likely will reverse up to reach 0.9070/80 area .
Sterategy for 10 : 15 Hours Buy market stop @ 0.8990 Target : 0.9070/80.
Expected move will be up and GOLD/USD will retest again 1260/1265 area before Friday Employment report…Continue
Added by Ahmed ElHenawi on December 4, 2013 at 5:08pm — No Comments
Today Silver /USD bottomed at 18.88 low , indicated more aggressive divergence on MACD, (4H), which alert that expected move will goes up and retest again main resistance at 19.80/19.90 area before Friday Employment report data.
Trading Strategy: Long Silver/USD @ 19.20/25 ST@ 18.87Continue
Added by Ahmed ElHenawi on December 4, 2013 at 4:34pm — No Comments
Currently we are at 0.8184. We are looking for a break of the support @0.8164 and a continuation to the support area @ 0.8096. The average daily true range (ATR) for the pair currently is 92 pips.…Continue
Added by Scott Barkley on December 4, 2013 at 1:30pm — No Comments
EUR/CAD. Now approaching critical juncture at 1.4558 and 1.4568. At current 1.4497, the test and failure in my observation is approaching. If EUR/USD goes short so too does EUR/CAD since both are the exact same pair. A fail at 4458 and 4468 should bring us easily 1.4361 for now, for now as I calculate the new day.
GBP/USD. Over 1 week ago, my post reported UK market prices hit critical juncture but failed to break below so GU bounced as expected. UK market prices broke…Continue
"FX Set-up: The Canary in the Taper “Coal Mine”
Fed taper concerns continue to simmer. This is evident in the fact that US 10-year yields continue to hold…Continue
Added by Daologic on December 4, 2013 at 12:41pm — No Comments
"A pretty quiet day yesterday for USDCAD with better two way interest although the crosses (EURCAD & GBPCAD ) made new highs once again printing 1.4513 and 1.7515 respectively. I must admit I am surprised that we have not seen more position adjustment ahead of today’s BoC meeting. I remain bullish overall but I struggle to “reach” for USD’s here at the moment, a fact that I may regret after the BoC. The overall weakness of commodity currencies in general is still a major feature. AUD is…Continue
Added by Daologic on December 4, 2013 at 12:30pm — No Comments
AUDUSD double bottom triggered a small recovery as predicted, right to our target of 9145 & we topped exactly here. We collapsed from here breaking 9050 to hit our next downside target of 9013. We are hovering just above here but the outlook is negative. Be ready to go with a break below 9000 for a target of 8970/60, perhaps as far as 8925/20 before the weekend.
Immediate resistance at 9045 could hold a move higher but above here we could reach 9065/70 & a high for the day…Continue
Added by Jason Sen on December 4, 2013 at 11:23am — No Comments
After touching new all-time highs in July 2013 (11,483,000), lead by the main site FXstreet.com (English) and the irresistible move up of the mobile sites, what has come next has been nothing but dull and our traffic figures down. Well, we saw some recovery in October, but nothing worthy to cheer about.
The only thing that I can be really happy about is the big fall in the bounce rate when comparing October (-16%) and November (-14%) when compared with same months…Continue
Added by Francesc Riverola on December 4, 2013 at 11:17am — No Comments
Rabobank - "EUR/USD: A weaker euro would be supportive for growth in peripheral Europe.
However, not all currencies can be simultaneously weak and the EUR is losing the battle. Insofar as the market remains obsessed with the timing of Fed tapering, threats of further policy action from the ECB are proving to have limited power over the direction of EUR/USD. Not only that, but the strength of Germany’s external sector and current account remains a source of strength for the EUR. The…
Added by Francesc Riverola on December 4, 2013 at 11:04am — No Comments
EURUSD: We are looking for EUR to recapture the 1.3621 level and then resume uptrend. This view is in line with the pair’s bullish recovery triggered off the 1.3295 level. In such a case, the 1.3650 level will be targeted where a violation will aim at the 1.3738 level. Further out, resistance is seen at the 1.3800 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3524 level with a breach targeting the 1.3500 level and then the 1.3450 level. We…Continue
Added by fxtech on December 4, 2013 at 10:03am — No Comments
Monday's decline based at a Marabuzo line created on November 26 and the key 13-day moving average. These points proved their relevance yesterday, acting as a platform for a return of investor demand.
Although signals for sentiment can only be strong on a move beyond last week's high, we currently look for setbacks to attract buyers and so for the underlying positive tone to persist targeting a move to 1.3622 and 1.3645…
Added by Alan Collins on December 4, 2013 at 9:47am — No Comments
The USDJPY maintained a bearish momentum yesterday , topped at 103.37 levels, and bottomed at 101.97 levels, this development printed resistance at 103.37 levels and support at 101.97 levels, stability above 101.97 on a daily basis could mean a return to 103.37 levels, break of 102.93 is early warning for 103.37 levels, If 103.37 resistance is taken out, next resistance would be 104.00 ahead of 104.80 .On the downside , support comes at 102.50 ahead of 101.97 (main) , stability below 102.50…Continue
Added by Haitham653 on December 4, 2013 at 9:35am — No Comments
GBPUSD keeps trading around the highs, now above wave the trendline connected from 2009 but still below 1.6744 which is a triangle invalidation level from a weekly chart. As such, we are still tracking final stages of a red wave E) that could be looking for a top formation in 1.6500-1.6650 region later this week. However, before we may look for end of a current rally we need five waves up in black wave C which is still not the case, as we see price pulling back in blue wave (iv) so we see…Continue
Added by Gregor Horvat on December 4, 2013 at 9:30am — No Comments
BUY GBPUSD @ 1.6340 stop 1.6300 target 1.6425
IF SEE GBPUSD @ 1.6500 sell with stop of 80pip target 1.6200
AUDUSD will trade between 0.8930 to 0.9250 in the nest 3 month
Added by peter tec on December 4, 2013 at 8:46am — No Comments
EUR has almost recovered Monday's losses against the dollar but cannot close above 1.3600 for now. The price stays near the important support of 1.3570 which was set yesterday. Any break below 1.3570 will target 1.3510 area and maybe even deeper. A plenty of important economic data will be released today and for now the market is quiet. More moves can be expected with the beginning of the European session. Weekly indicators are bullish, Daily indicators are flat, and H4 and smaller show that…Continue
Added by gregorian on December 4, 2013 at 6:47am — No Comments
MARKET UPDATE 04-12.2013
EUR/USD: Sell below 1.3595,TP1.3548/25,SL1.3625,BOB1.3630
GBP/USD: Sell Below 1.6395,TP1.6360/45,SL1.6410,BOB 1.6415
GOLD: Buy above1220,TP 1227/33,SL125,BOB 1213
CL: Buy above97.10,TP97.55/70,SL96.70,BOS96.65
USD/JPY: Buy above 102.42,TP102.75/90,SL102.20,BOS102.10
GBP Services PMI 2.30pm, US ADP Non-Farm Employment Change 6.15pm, US Trade Balance 6.30pm, US ISM Non-Manufacturing PMI and New Home Sales at 8…
Added by Usman Ali on December 4, 2013 at 6:39am — No Comments