Ok guys, i believe we must have heard or see this before but possibly neglected it cause we hate reading too much to get a piece of information. The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis and they are often regarded as a subject that is complex by those who are just learning to trade. This article will attempt to clarify the complexity surrounding these concepts by focusing on the basics of what traders need…Continue
Added by King Jay on October 18, 2014 at 12:40pm — No Comments
EURJPY: Targets Further Bullishness
EURJPY- Having reversed its intra day weakness to close higher on a rejection candle formation on Thursday, further recovery higher is likely. Support comes in at the 135.50 level where a break will aim at the 135.00 level. A break will target the 134.50 level with a breach turning focus to the 134.00 level. Below here will aim at the 133.50 level. On the upside, resistance resides at the 136.50 level where a break if seen will threaten further…Continue
Added by fxtech on October 17, 2014 at 2:44pm — No Comments
Currently we are at 136.53. IF we break the trend line we are looking for a continuation to the 0.500 Fibo @ 137.70 with an overall target @ 128.71. The average daily true range (ATR) for the pair currently is 100 pips.…Continue
Added by Scott Barkley on October 17, 2014 at 12:51pm — No Comments
EUR/USD: buy the pair from 12748 with TSL 12670 & TP 12940.
GBP/USD: Already (LONG) bought the pair from 15880 with TSL 15964 & TP 16124.
USDJPY: sell the pair from 106.60 with TSL 107.70 & TP 104.72.
EUR/JPY: sell the pair from 136.54 with TSL 13748 & TP on 13420.
GBP/JPY: previous order closed with 280 pips profit. sell the pair from 17182 with TSL 17275 & TP on…
Added by Pierre Chahine on October 17, 2014 at 9:44am — No Comments
Gold: sell the precious metal from 1245 with TSL 1276 & TP on 1208.
Oil DEC: buy the black liquid from 81.40 with TSL 80.20 & TP on 87:40.
Oil NOV: buy the black liquid from 81.90 with TSL 80.50 & TP on 87:40.
Silver: Already (LONG) bought the grey metal from 17:10 with TSL 16:65 & TP on 17.55.THEN/OR sell it from 17.55 with TSL 18.24 & TP 16.48.
Added by Pierre Chahine on October 17, 2014 at 9:42am — No Comments
UK100 FTSE: CFD: Already (SHORT) sold the index from 6248 ADD 62305 with TSL 6340 & TP on 6020.
GER30 DAX :CFD: sell the index from 8766 with TSL 8880 & TP 8372.
SPX500 CFD: Already (SHORT) sold sell the index from 1868, ADD 1884 with TSL 1915 & TP 1810.
DJ30: Sell the index from 16294 with TSL 16385 & TP is open.
NSDQ100 CFD: sell the index from 3804 with TSL 3895 & TP on open.
Added by Pierre Chahine on October 17, 2014 at 9:40am — No Comments
Daily Outlook in EURUSD has turned neutral with risk to the upside , support comes at the 1.2705 levels , a failure to hold below the 1.2705 levels on a daily closing basis , could mean a return to the 1.2886 levels , a break would open 1.2930 next , further upside will aim the 1.2994 levels . If this important resistance is taken out , focus will be on the 1.3115/1.3159 levels.
On the downside , support comes at the 1.2705 levels , losing this level on a…Continue
GOLD Technical Analysis and Trading Recommendations as on 17 -10-2014
Gold prices ticked up in early Asian Session, Placed high 1240 but consolidated below the 3rd resistance level for day trading. Gold placed Low 1182.92 on 6th October but the bulls showed a great interest there, this metal rebound and placed high 1208.73 on the same day. The yellow metal is strongly supported above the price level 1234 for day trading.
Buy near 1239,…
And is there a leader board to track the performance?
EUR/USD hedge percentage almost up to neutral from -100% short, since halfway July.
Below the average daily performance of 7 EUR currencies, Green line, against the EUR/USD, Red line. EUR/USD is back on track, since halfway July, with the average 7 pairs.
More on www.2hedge.com
We are back after October 27th.…
Added by Ron Schelling on October 16, 2014 at 5:00pm — No Comments
WisdomTree: Time to Take the Euro Out of Germany?Continue
Added by Ron Schelling on October 16, 2014 at 3:29pm — No Comments
USDJPY: Pullback Threats Seen But With Caution
USDJPY: With USDJPY reversing its Tuesday gains to close lower on sell off on Wednesday, further downside pressure is envisaged. However, a corrective recovery higher may occur in the days ahead especially now that it has tested its key support at 105.43 level (visible on the weekly chart). On the downside, support comes in at the 105.00 level where a break will target the 104.50 level.…Continue
Added by fxtech on October 16, 2014 at 2:23pm — No Comments
"CADJPY managed to only stabilize briefly yesterday before sliding to new, short-term cycle lows today which more or less completes a full retracement of the August/September rally. We still think risks are skewed to the downside here though and feel that weakness below 92.75 is likely to see the CAD drop extend to 90.…Continue
Added by Daologic on October 16, 2014 at 1:45pm — No Comments
The EURUSD continued its bullish momentum yesterday , bottomed at the 1.2624 levels and topped at the 1.2837 levels .This development leaves the pair targeting the 1.3000 levels , a halt is strongly suggested , but a break would open 1.3125 next , further upside will aim the 1.3270 levels.
On the downside , support comes at the 1.2767 levels ahead of 1.2620 (main) , losing this level on a daily closing basis is needed to weaken the current bearish run , otherwise risk will remain to…Continue
Added by Haitham653 on October 16, 2014 at 1:22pm — No Comments
From 48% in 2012 to 53% in 2013.... A 5% gain that should be bigger in 2014 as the lack of volume and volatility leave its toll on smaller players.
BIGGEST FX DEALERS AMASSING DOMINANT MARKET SHARE
Thursday, October 16, 2014 Stamford, CT USA —Foreign exchange trading volumes are consolidating in the hands of the world’s biggest FX dealers — a trend that, if not offset by…Continue
Added by Francesc Riverola on October 16, 2014 at 12:28pm — No Comments
Added by Francesc Riverola on October 16, 2014 at 11:43am — No Comments
EUR JPY 5 Min:
i called this in the forum today.
Another short on EUR JPY. Price spiked down and pulled back in two waves in a small spike and channel formation. Spike to High 1 then Low 1 to High 2 in a small channel which reached a measured move of…Continue
Added by Constantine on October 16, 2014 at 11:30am — No Comments
EUR JPY 5 Min:
Price fell from open sharply then rose and fell in 4 waves: High 1 Low 1 High2 Low2 High3 Low3 High4. (The Low 2 was a tradable low 3 on the 3 min chart which I took)
At the High 4 it was the…Continue
Added by Constantine on October 16, 2014 at 9:47am — No Comments
USD Index has extended its losses in this week but only within a complex contra-trend move. We see a three wave decline from 86.85 with completed wave (b) at 86.10 so current leg down is wave (c) in 4 that could look for a support around 84.50 or maybe at 84.00 if move will go even lower. However, keep an eye on impulsive bounce from the low that would put market back in bullish mode.…
Added by Gregor Horvat on October 16, 2014 at 8:24am — No Comments