All Blog Posts (19,262)

USDCHF: Recovering With Caution.

USDCHF – Although the pair triggered a corrective recovery the past week, its broader medium term downtrend remains intact. If its present attempts on the upside fail, look for USDCHF to return to the 0.8967 level. Further down, support lies at the 0.8900 level with a turn below here leaving the pair targeting the 0.8850 level followed by the 0.8800 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, the alternative scenario will be for the pair to…

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Added by fxtech on October 12, 2013 at 11:22am — No Comments

USD Index Spot (Not the USDX)

The average of 6 major currency pairs against the USD.

Click on the chart for more.

Added by Ron Schelling on October 12, 2013 at 9:22am — No Comments

U.S. Consumer Sentiment Falls to Nine Month Low as Political Disapproval Soars

American consumers are taking the political squabbling in Washington over the budget and deficit to heart at the same time as they disdain the partisan culture in the capital.

The University of Michigan preliminary consumer sentiment index fell to 75.2 in October from 77.5 in September. It was the lowest reading since last December. The Bloomberg poll of economist had forecast a median estimate of 75.3.

A poll from Associated Press/GfK found that just 5 percent of Americans…

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Added by Joseph Trevisani on October 11, 2013 at 5:16pm — No Comments

$EURCAD- Wedge Break?

Currently we are at 1.4087 after the break above the 1.4100 Psychological level.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the day chart top area @ 1.4141 and 2) the next target the 5th wave R4  @ 1.4181.  The average daily true range (ATR) for the pair currently is 83 pips.…

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Added by Scott Barkley on October 11, 2013 at 12:48pm — No Comments

EURJPY Pull-back Could Be Opportunity To Join The Trend – Elliott Wave

EURJPY touched 1333.35 level where an extended wave (iii) could look for a temporary top on this pair and send prices down in wave (iv) pull-back that will be opportunity for traders to join the larger uptrend. For now, it’s too soon to look for any levels  as we still don’t have enough data to confirm that wave (iv) has already began. But usually wave four will retrace back to the area of a previous fourth wave of a lesser degree which comes in around 132.42.

EURJPY 1h Elliott…

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Added by Gregor Horvat on October 11, 2013 at 9:10am — No Comments

USDJPY: Sees Further Upside.

USDJPY: The pair continues to extend its recovery leaving it targeting more upside in the days ahead. As long as it holds above the 96.18 level, the risk still remains higher. This leaves the threat of a return to the 99.00 level and the 100.60 level on the cards. A violation of here will aim at the 101.52 level. Further out, resistance resides at the 102.00 level. Its daily RSI is bullish and pointing higher suggesting further upside. Conversely, support comes in at the 97.00 level followed…

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Added by fxtech on October 11, 2013 at 8:33am — No Comments

Daily Brief for EU Session as on 11-10-2013

 MARKET UPDATE 11.10.13

EUR/USD: Buy above 1.3525,TP1.3570/90,SL1.3495,BOS1.3590

GBP/USD: Buy above 1.5975,TP1.6020/40,SL1.5950,BOS1.5940

GOLD: Sell Below 1292,TP1280/78,SL1300,BOB1302

CL: Sell Below  102.85,TP102.33/102,SL103.10,BOB103.15

USD/JPY: Sell Below 98.50,TP98.20/98,SL98.75,BOB 98.80

Important News

Prelim UoM Consumer Sentiment 6.55

 

BOB stand for break out buy and BOS…

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Added by Usman Ali on October 11, 2013 at 6:30am — 2 Comments

EUR/USD & GOLD forecast 11.10.2013

EUR is in a consolidation waiting for the 17 october and wondering will the USA's economy crash or avoid the difficult situation. If there is no decision in USA until 18 october then Obamacare will turn into EURcare, as the EU currency will jump to 1.4000 in no time. I cannot give any forecast about that but i may say it is quite possible. These days we can see that EUR bulls can be found around 1.3480 and the area is well protected, however bears defend 1.3540-50. Still we can see the…

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Added by Vladimir Mihaylov on October 11, 2013 at 5:26am — No Comments

Short AUDNZD

As you can see from the attached 4 hour chart, price has been rejected off a major s/r level.

The daily chart below also shows a H&S pattern being formed.…

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Added by Oasis on October 11, 2013 at 3:40am — 10 Comments

EUR/USD 11 of October 2013

Market should hold major support at 1.3476 before rising towards 1.3548 or even 1.3577 limit.

Ready for short

Supports / Resistances
Res 2…
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Added by benyamin fard on October 10, 2013 at 11:30pm — 1 Comment

GBPAUD downtrend continues

I cannot see any reason why a short is not a good idea. See hourly chart attached below. Price below daily pivot 50SMA and 21EMA. It also continues to make lower highs.

A look at the daily chart shows H&S pattern completed. What remains is the break of trendline at the bottom. That event if…

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Added by Oasis on October 10, 2013 at 4:17pm — No Comments

More Upside on S&P Futures Will Send USDJPY Towards 99 Area – Elliott Wave

S&P Futures market is moving higher at the moment, now trying to break above 100% Fibonacci level on the intra-day basis and possibly will extend up to 161.8% extension which is a typical target for wave iii) of an impulsive trend from an Elliott Wave perspective. In such case we should look for further gain on stocks futures in impulsive formation. USDJPY is then expected to stay bullish based on latest correlation. This view would change only if S&P would fell back below 1647.…

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Added by Gregor Horvat on October 10, 2013 at 1:20pm — No Comments

$NZDUSD- Wedge Break?

Currently we are at 0.8256 after the break south of the wedge.  We are looking for a bearish continuation to the support area @ 8200.  The average daily true range (ATR) for the pair currently is 89 pips.…

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Added by Scott Barkley on October 10, 2013 at 12:49pm — No Comments

EUR/USD Oct. 10 – Under Pressure as Yellen Gets the Nod

After taking a tumble on Wednesday, the currency is holding steady against the US dollar.EUR/USD remains under pressure, as the pair trades slightly above the 1.35 line. The spotlight was on the Federal Reserve on Wednesday, as President Obama nominated Janet Yellen to head the Federal Reserve. As well, the FOMC Meeting minutes indicated that most policymakers favor tapering QE before the end of the year. In economic…

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Added by Yohay Elam on October 10, 2013 at 10:10am — No Comments

S&P Hits Downside Target 1648/47 touches 1647 And Bounces to the 38.2 Fib

Added by Carol Harmer on October 10, 2013 at 8:28am — No Comments

Daily Brief for EU Session as on 10-10-2013

 MARKET UPDATE 10.10.13

EUR/USD: Sell Below 1.3515,TP1.3475/55,SL1.3540,BOB1.3555

GBP/USD: Sell Below 1.5950,TP1.5900/5885,SL1.5985,BOB1.5990

GOLD: Buy above 1303,TP1312/16,SL1295,BOS 1293

CL: Buy above 101.85,TP102.50/102.75,SL101.55,BOS101.45

USD/JPY: Sell Below 97.85,TP97.50/23,SL98.05,BOB98.10

GBP Asset Purchase Facility, Official Bank Rate at 4pm ,US Unemployment Claims at 5.30pm, BOJ Gov Kuroda Speaks at 9pm and ECB President Draghi Speaks 9.20pm.

BOB…

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Added by Usman Ali on October 10, 2013 at 6:31am — No Comments

GBP/USD DAILY as of Thursday, 10 October, 2013

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar

Buy Target: 1.5957

Buy Stop:   1.5887 

Enter New BUY on OPEN and exit BUY 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…

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Added by Martin Kay on October 10, 2013 at 6:24am — No Comments

Aussie Holds Downside Projected Target of 9390...

Added by Carol Harmer on October 10, 2013 at 5:58am — No Comments

$Jpy short term overbought...but med term we have turned Bullish

Added by Carol Harmer on October 10, 2013 at 5:38am — No Comments

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