Our preference: Long positions above 1.381 with targets @ 1.3865 & 1.388 in extension.
Alternative scenario: Below 1.381 look for further downside with 1.379 & 1.377 as targets.
Comment: The pair is rebounding and is breaking above its resistance.
Supports and resistances:1.39 1.388 1.3865 1.3838 Last1.381 1.379…
Added by TTRosin on April 17, 2014 at 5:32am — No Comments
Added by Carol Harmer on April 17, 2014 at 5:15am — No Comments
Full forecast is here
LONG EUR above 1.3820 SL 1.3805 TP 1.3850-1.3880-1.3905
SHORT EUR below 1.3905 SL 1.3920 TP 1.3855-1.3825-1.3800
LONG GOLD above 1308 SL 1304 TP 1317-1322-1328
SHORT GOLD below 1304 SL 1308 TP 1294-1286-1278-1270
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6801
Sell Stop: 1.6864
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 Martin Kay on April 17, 2014 at 4:45am — No Comments
EURUSD 5 Min:
This is an example where you cannot write off the day until the very end as the two best trades happened in the last hour of 10 hours at the screen.
Price spiked up in the morning then peaked at a…Continue
Added by Constantine on April 17, 2014 at 12:54am — No Comments
The United States:
Our good friends South of us have some good outlooks for us to look forwards to, the United States from what I've seen with Yellen cares a lot for the Unemployment rate.
(Source: Federal Reserve - February Monetary…Continue
CRUDE OIL: Turns Lower, Vulnerable
CRUDE OIL: With the commodity reversing its intra day gains during Wednesday trading session, it faces the risk of further downside pressure. On further weakness, support comes in at the 102.94 level where a breach will aim at the 102.04 level. A cut through here will target the 100.68 level with a push below here if seen will expose the 99.93 level with a violation targeting the 99.81 level. Further down, supports are seen at the 98.86 level and…Continue
Added by fxtech on April 16, 2014 at 7:30pm — No Comments
DB, the largest player in foreign exchange with a market share of 15.2% -- has been hit with losses as a result of unpredictably volatile emerging market currencies. Should we buy that this may just be a temporary lag in performance, or will it be the new normal?…Continue
Added by Ron Schelling on April 16, 2014 at 3:00pm — No Comments
Added by gregorian on April 16, 2014 at 1:59pm — No Comments
ZanGal Indices Outlook:
FTSE-100 CFD; buy the index from 6472 with TSL 6428 & TP is open.
SPX500: CFD: Already bought the index from 1823 with TSL 1833 & TP 1910.
DJ30 CFD: already closed the previous order with 278 pips profit. Sell the index from 16.407 with TSL 16.483 & TP on 16.210.
NSDQ100 CFD: buy the index from 3458 with TSL 3404 & TP on 3559.
Added by Pierre Chahine on April 16, 2014 at 1:43pm — No Comments
GOLD : sell the precious from 1328:20 with 1341:10 & TP 1286:40 THEN/OR buy the good from 1284:40 with TSL 1268:80 & TP is open.
SILVER : sell the precious grey metal from 20:38 with TSL 20:96 & TP on 18:74.
OIL : JUN FUTURE currently priced @ 103:77 . sell the black liquid from 104:82 with TSL 105:62 and TP on 102:80.
Added by Pierre Chahine on April 16, 2014 at 1:42pm — No Comments
EURUSD :sell it from 139:33 with TSL 139:96 & TP 137:44.THEN/OR buy it from 137:44 with TSL 136:68 and TP on 139:96.
GBPUSD : sell the pair from 168;48 with TSL 169:04 with TP 166:46.OR/THEN buy the pair 166:46 with165:72 & TP 169:22.
USDCHF: Sell the pair from 0.88:53 with TSL 0,89:14 with TP on 0.86:38 THEN/OR buy it from 0.86:38 with TSL 0.85:77 & TP is open.
USDJPY : Already bought the pair from 102:16,add…
Added by Pierre Chahine on April 16, 2014 at 1:41pm — No Comments
Using the proper risk to reward ratio is what turned my Forex trading around. Like many traders, when I first started in 2007 I was attracted to the trading strategies that made me feel "safe". By safe I'm mostly referring to the scalping strategies that have a 120 pip stop loss and a 12 pip profit target. Essentially risking $120 to make $12. Of course I wasn't thinking in terms of dollars risked back then, only pips.
I later realized (after A LOT of…Continue
Added by Justin Bennett on April 16, 2014 at 1:35pm — No Comments
EUR/USD managed to stage a gradual recovery reconquering the 1.3830 line. Less than impressing inflation figures from the euro-zone capped further significant advances. A wide range of FOMC speakers, including Yellen, as well as US housing data will set the tone later in the day.
Here is a quick update on the technical situation, indicators, and market sentiment that moves…Continue
Added by Yohay Elam on April 16, 2014 at 9:57am — No Comments
Yesterday some commodities fell sharply, and gold was no expectation. We have seen a very powerful bearish move away from 1330 that has unfolded in five legs so we think that this market will go even lower, but after a three wave bounce. We see nice resistance zone for wave c at 1310-1315.
GOLD 1h Elliott Wave Analysis…
Added by Gregor Horvat on April 16, 2014 at 9:44am — No Comments
Recommendations: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue
Added by Haitham653 on April 16, 2014 at 7:34am — No Comments
Day Trading Recommendations for Majors as on 16-04-2014
EUR/USD:Buy:1.3805, TP1.3845, SL1.3775,Sell stop 1.3768
GBP/USD: Sell Below 1.6750 ,TP1.6690,SL1.6770 , BUY STOP 1.6775
GOLD: Sell1308,TP1292,SL1312, BOB1315
Important News:GBP: Claimant Count Change, Unemployment Rate @01:30pm, USD: Building Permits
Added by Usman Ali on April 16, 2014 at 7:32am — No Comments