The US dollar gained close to one cent on Wednesday, following the release of the minutes of the FOMC’s most recent policy meeting. Although there wasn’t any dramatic news, EUR/USD dropped close to one cent on the day. The pair was trading in the mid-1.33 range in European trading on Thursday. In economic releases, US Existing Home Sales jumped to its highest level in more than four years. On…Continue
Added by Yohay Elam on August 22, 2013 at 10:08am — No Comments
In reference to the previous analysis we posted on the EURGBP, we explained that we had a bullish fakey combo just off a key horizontal level on the daily chart. We expected a bullish momentum to set in but that this didn't happen immediately as price fell back towards the support region but didn't trigger the supposed stop loss. with the current…Continue
Added by Henry nnalue on August 22, 2013 at 9:28am — No Comments
GBPUSD found resistance yesterday, exactly at wave A)=C) equality level where zig-zag usually forms a turning point. In fact, decline from above 1.5700 has an impulsive quality on the smaller time frame so we suspect that highs are in place and that market is heading lower, even if just in three legs. A broken support line connected from latest two swing lows also suggests that five wave rally in wave C) is done and that market will go south.
GBPUSD 4h Chart - Elliott Wave…Continue
Added by Gregor Horvat on August 22, 2013 at 8:46am — No Comments
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5638
Buy Stop: 1.5543
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…Continue
Added by Martin Kay on August 22, 2013 at 7:44am — No Comments
Added by Muthusamy on August 22, 2013 at 7:38am — No Comments
Added by Muthusamy on August 22, 2013 at 7:37am — No Comments
The AUDUSD continued its bearish momentum the past few days, declined as suggested towards the 0.8933 levels, and printed a new resistance at the 0.9071 levels, now focus will be on the key resistance 0.9071, with this level intact, further decline couldn't be ruled out, and pressure is likely to be built on the 0.8847 levels, a break would open the 0.8746 levels ahead of the 0.8618 levels, further more will aim the 0.8477 levels.
On the upside , resistance is 0.9071, a break on a…
I ask myself, how far can EU and GU go without a propper correction! We will see today and next days.
Please put your live calls here too to have one place where we can look for signals. Please do not put signals here but your live calls. Thanks!
Have a good trading day!
At last my strategy is going to hit,GBPUSD is at turing point and the resistance level 1.5725 has compelled it to go back 300 pips . look at today levels.
MTG MARKET UPDATE 22-8.13
EUR/USD: Sell Below 1.3355,TP1.3315/3285,SL1.3385,BOB1.3390
\GBP/USD: Sell below 1.5620,TP1.5575/50,SL1.5650,BOB1.5660
GOLD: Sell below 1363, TP1357/50, SL1367, B0B1370
Crude Oil: Sell Below 103.92,TP103.50/25,SL104.20BOB104.25
USDJPY: Buy above 98.15, TP…Continue
Added by Usman Ali on August 22, 2013 at 6:24am — No Comments
Added by Carol Harmer on August 22, 2013 at 5:49am — No Comments
The EURUSD maintained a bearish momentum yesterday , topped at the 1.3426, and bottomed at the 1.3334 levels, now pressure will be on the key support 1.3334.
The EURUSD will have to hold below the 1.3334 levels on a daily closing basis to push the market for further downside losses, If seen It will target the 1.3205 levels, a halt is strongly suggested , but losing the 1.3205 levels will have large bearish implication towards the 1.3135 ahead of the 1.3055, further more will aim the…
. The GBPUSD has formed a pin bar candle just off a key horizontal resistance level on the daily chart. This is a clear indication that further highs are not accepted anymore as traders should be looking for opportunities to take a sell position on the pair. It should be noted that we have an immediate dynamic support region just below the current price. Traders are advised to watch this level as it may be a key region where price would decide which direction it…Continue
Added by Henry nnalue on August 21, 2013 at 9:56pm — No Comments
I think that on the horizon clears the opportunity to short position on the GBPUSD