Sell 1.3747(Central Pivot) and 1.3758(Value Area High + Camarilla H3 + Weekly Pivot(HOTZONE!)) with stops above 1.3767. The market is setting up rather neutral for the eurozone PMI and GDP numbers tomorrow. Some scalp buys can be placed at 1.3724(Camarilla L3 + Value Area Low) prior to EU Data.…Continue
This market consolidated today below key resistance at 1.3800 and dropped a bearish pin bar in the process. The most logical stop placement on this market would be above Friday's bullish bar for anybody looking to short. Given the amount of time this market has spent trying to move above 1.3800 and failed I would not be surprised to see a rotation lower from here.…Continue
Added by Lewis Barber on March 4, 2014 at 9:00pm — No Comments
Any unexpected turn in the Bank of Canada's rate statement could possibly result in significant volatility for the Canadian dollar. This is what traders should watch and try to profit from on the release date.
The BOC rate decision is set for release on March 5, 2014. Analysts predict the BOC to hold the rate at 1.00%. A hawkish report could boost the value of the CAD, while a bearish report could weaken the currency.…Continue
Added by Daniel Elo on March 4, 2014 at 8:24pm — No Comments
EUR/USD has steadied on Tuesday, as the pair trades in the mid-1.37 range in the European session. The standoff in the Ukraine continues to rattle markets around the world. On Monday, US Manufacturing PMI improved in February and beat the estimate. Tuesday has little action on the release front, with just three releases on the schedule. Spanish Unemployment Change posted a small decline, surprising the markets which had…Continue
Added by Yohay Elam on March 4, 2014 at 11:28am — No Comments
In the last few days, I tried to understand better the Crimea conflict and mostly why Putin sent his Panzers there. Asking around, I got this answer:
A Frenchman, a German and a Russian were bragging about their countries.
The Frenchman: we have modern cars. We use Renault to travel in France and the Peugeot when we go outside of France.
The German: we have modern cars too. We use Volkswagen when we travel in Germany and Mercedes when we go…Continue
Added by Arenoosh on March 4, 2014 at 11:02am — No Comments
Added by ashafa on March 4, 2014 at 10:29am — No Comments
Added by ashafa on March 4, 2014 at 10:29am — No Comments
EURJPY 5 Min:
Price spiked up at 6am GMT then formed a channel, so we had the classical spike and channel. With this pattern if price falls it will test the beginning of the channel and then the beginning of…Continue
Added by Constantine on March 4, 2014 at 10:02am — No Comments
Recommendations: LONG positions above 1.3693 with 1.3750 & 1.3770 as next targets.
Alternative scenario:The downside breakout of 1.3693 will call for a slide to 1.3660/1.3625.
Description: Intraday outlook in EURUSD is on the upside towards 1.3750 ahead of 1.3770 levels as long as support 1.3693 holds on hourly basis , break of 1.3770 will open 1.3800/1.3825 next ,further out will aim the 1.3890 levels .On the downside…Continue
GBPUSD has unexpectedly turned down in the last few days from 1.6764 where we now labeled end of wave B, after only three wave move up that is a corrective move. As such, temporary recovery is part of a bigger correction. We are tracking now a three wave decline from 1.6822 high with wave C moving south to 1.6460-1.6530 area where we will pay a close attention to signs of a completed downward correction.
GBPUSD 4h Elliott Wave Analysis…
Added by Gregor Horvat on March 4, 2014 at 9:29am — No Comments
Me, Francesc Riverola President and Founder at FXStreet will be doing my first “AMA” - or Ask Me Anything - on Reddit on tomorrow Wednesday March 5th at 4pm CET Time (15.00 GMT – 10.00am EST).
We will be posting the link to the event on this page 30 min before it starts so that you have time to post the questions.
Our AMA will be opened under the “Entrepreneurs” category, so the focus will…Continue
Added by Omkar Godbole on March 4, 2014 at 8:43am — No Comments
EURO and GBP made the swing and slide moves yesterday for month beginning and now they are making firming up moves to confuse traders.I have explained the session wise expected market moves in this week -03-07 March during my Asian session Live market analysis webinar.
The recording of the webinar is available in the given below link:…Continue
Added by Dr. Sivaraman on March 4, 2014 at 8:27am — No Comments
The XAUUSD maintained a bullish momentum yesterday , bottomed at the 1330 levels and topped at the 1354 levels . This development leaves the pair targeting the 1367 levels , a halt is likely , but break of 1367 will open 1384 levels , further out will the 1400 levels.
On the downside , a bearish correction towards the 1337 levels is likely before attacking the 1367 levels , losing the 1337 levels will open main support at the 1330 levels , note that downside below the 1337 levels ,…Continue
Added by Haitham653 on March 4, 2014 at 8:26am — No Comments
EUR/USD: sell below 1.3760, TP 1.3720/05, SL 1.3800, BOB 1.3803
GBP/USD: Sell Below 1.6695,TP1.6645/13,SL1.6705,BOB1.6710
GOLD:Buy above 1335TP 1343/48,SL1331,BOS 1330
CL: Sell Limit 104.50,TP104.10/103.83,SL104.80,BOB 104.85
EURJPY: buy above 139.85,TP 140.45, SL 139.50, BOS 139.48
Today Important News: GBP Construction PMI @2:30 PM
BOB stands for break out buy and BOS…Continue
Added by Usman Ali on March 4, 2014 at 8:00am — No Comments
SELL EUR/USD AT 1.3751 WITH STOP LOSS 1.3800 TAKE PROFIT 1.3700
Added by A PRASAD REDDY on March 4, 2014 at 7:08am — No Comments
EUR moved in a narrow range yesterday until american serrion, then it slided a little more on better US data and is currently trading near the well known support of 1.3720. We were not able to close the day below that support so the chances of recovery to the upside still present. Upside will be restored on H4 close above 1.3770 with first resistance 1.3830 and second one 1.3890. I expect the pair to find support at 1.3720 and at 1.3700 and finally 1.3670 in the next 2-3 days. Only breaking…Continue
Added by Vladimir Mihaylov on March 4, 2014 at 6:02am — No Comments
Tonight’s 3 videos feature again all the 11 markets I follow.
The market featured in the below videos are EUR/USD, S&P500, Dollar Index, Gold, USD/JPY, EUR/JPY, GBP/JPY, GBP/USD, AUD/USD, USD/CAD & NZD/USD. Hope this is useful to your trading and you enjoy it.
EURUSD, Dollar Index, S&P500 & Gold Daily Update Review, Analysis &…Continue
Added by FibStalker on March 4, 2014 at 5:57am — No Comments