USD/CHF: yesterday, rose sharply after the strong support found at 0.9555, which represents 23.6% of the height measured from 0.8702 to 0.9816, where it is now attempts to confirm the return of the main bullish trend after some downside correction.
Conversely, stochastic is showing negative signs that may push the price back down, therefore, we prefer to stop on the fence now and on a temporary basis in order to monitor the price behavior for the keys following the trend, which is…Continue
Added by Pierre Chahine on December 18, 2014 at 11:51am — No Comments
USD/CAD: attempted breaking the 1.1590 level yesterday, but it bounced back to 1,1644 confirmed that the trend that is mentioned support and resistance 1.1700, where the rate needs to penetrate the one to determine the next direction to be accurate levels.
Therefore, we will continue in neutral for now, with the reminder that penetrate the mentioned resistance will lead the price to continue its upward trend year, initially targeting 1.1800 areas, while breaking support will…
Added by Pierre Chahine on December 18, 2014 at 11:48am — No Comments
USD/JPY: yesterday reached our target above the level of 118.00, and as we pointed out in the last technical view, this closure is a positive incentive strong enhances the chances of stopping the downward correction that dominated trading recently, to regain the price trajectory year rookie,
negative stochastic currently affected price movement & may be it will be some fluctuation and lateral test of the level of 119:40 before resuming the emerging wave of new, with attention to…Continue
Added by Pierre Chahine on December 18, 2014 at 11:46am — No Comments
GBP/USD: the pair bounced against the dollar down after strong test the level of 1.5720 in the last few days, testing the pivotal indicated its support at 1.5540, which represents an important negative breaking key supports continuing the overall downward trend.
Therefore, the downward trend will be 50% likely in the coming sessions, with the support of the negative signals provided by the stochastic moving average index of 50, with a reminder of the importance of stability below…Continue
Added by Pierre Chahine on December 18, 2014 at 11:45am — No Comments
EUR/USD : fell sharply yesterday evening after Yellen remarks that the rate decision issued by the Open Committee confirms. Break intraday ascending channel due to the negative pressure from the news, which makes us expect that the price targets the psychological barrier broken
SMA 50 is a negative pressure now reinforcing expectations decline, which will remain as the price has not been able to penetrate the 1.2420 level then 1.2490 and stability above.
Zew expection is…Continue
Added by Pierre Chahine on December 18, 2014 at 11:44am — No Comments
USDJPY made a deep pullback at the start of the week, down to 115.50 where pair found a support in the last 48 trading hours. Notice that decline was made only by three waves with a triangle in wave (b), so we know that leg down from 119 was wave (c), final within a contra-trend movement. In fact, even rally from the low is very strong that already took out the upper channel line that suggest more gains for this market in days ahead. Ideally pair will revisit 121.83 highs by the end of the…Continue
Added by Gregor Horvat on December 18, 2014 at 8:46am — No Comments
SELL CAD/JPY AT 101.89 STOP LOSS 102.33 TP 99.88
Added by A PRASAD REDDY on December 18, 2014 at 8:24am — No Comments
BUY NZD USD .7715 STOP LOSS .7645 TP .7767
Added by A PRASAD REDDY on December 18, 2014 at 8:22am — No Comments
An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…Continue
Gold prices are moving between small gain and losses, placed low 1187 and traded near 1200. Last night this metal placed low 1183 and high 1202.75 on FOMC statement. This metal was unable to cross its first support 1182 and first resistance 1218.
Technical indicators are indicating bear trend and no clear direction. SMA100 and 200 are indicating bearish trend in h1 graph but locked between both SMA in h4 graph. Ichimoku cloud signal is laso bearish in h4 as well as in h1 graph . The RSI…
Added by Usman Ali on December 18, 2014 at 5:53am — No Comments
GBPUSD – Up
USDCHF – Down…Continue
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Added by forex max on December 18, 2014 at 3:30am — No Comments
USDJPY: Bullish, Targets Further Upside
USDJPY: Outlook for USDJPY now points higher after rallying strongly on Wednesday. On the upside, resistance resides at the 119.50 level followed by the 120.00 level where a break will target the 120.50 level. Further out, resistance comes in at the 121.00 level where a violation will aim at the 121.50 level. On the downside, support comes in at the 118.00 level where a break will target the 117.50 level. Below here if seen will aim at the…Continue
Added by fxtech on December 18, 2014 at 3:23am — No Comments
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2266
Sell Stop: 1.2585
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…Continue
Added by Nathan Kay on December 18, 2014 at 3:07am — No Comments
Added by Tony - FXS Admin on December 18, 2014 at 2:38am — No Comments
Gbpusd 1.55408 is closest support tested today and may likely be revisited
Gbpusd is not yet done with the sell,traders
be calm and play "tiki taka" strategy for any short term buying plan,do not over risk on buy positions yet until you see 1.56002 resistant level revisited,it may likely keep the buy momentum from my stated price above.
1.56002 is from my view the short term buy take profit price for gbpusd today
1.56117 is second buy…
Added by emmanuel essien on December 17, 2014 at 11:12pm — No Comments
S&P: The index confirmed negatively price closing @ price below the level of 2000.00, which form the main support as long as the ascending channel, so expect more attempts corrective negative during the coming period and the price starts to target some levels starting from 1945.00.
55 SMA passive supports, its stability on the breached support level and a major impediment to any positive prompt to stay awaiting the arrival of the previously announced price of the…
Added by Pierre Chahine on December 17, 2014 at 4:22pm — No Comments
Gold: price of gold traded on the sides of the narrow path and stable since the morning near the pivotal support of 1193.40, while we are still waiting for confirmation of the point of the next price break through the mentioned support or penetration resistance 1207.90, with reference to the discrepancy between the technical indicators provides another reason for neutrality.
Gold: expected trading range for today is between support and resistance 1172. & 1242.
Added by Pierre Chahine on December 17, 2014 at 3:52pm — No Comments
OIL-FEB: price of oil made a new test of the 50 moving average and bouncing down, while Stochastic provides a negative crossover support the continuation of the main bearish wave, waiting for a break of 54.45 to confirm continued decline towards 53.00.
We recall that the proposed bearishness requires stability below 57.30.
Expected trading range for today is between: support 53.00 and resistance 57.30
Added by Pierre Chahine on December 17, 2014 at 3:38pm — No Comments