Currently we are at 1.6025. We are looking for a small retracement and then a continuation up to the R8 resistance @ 1.6110.. We are bullish. The current average daily trading range (ATR) is 102 pips.…Continue
Added by Scott Barkley on June 5, 2013 at 1:17pm — No Comments
After breaking for the first time ever 11 million page views level in April, FXstreet network of sites and mobile added 410,000 page views to reach an outstanding figure over 11.4M page view in May 2013.
On the negative front, we still must highlight the bad performance for second month in a row of FXstreet's Social Site Forexstreet.net. I have already explained the reason in the traffic analysis I made…Continue
After a strong start to begin the new month, EUR/USD has settled down, and was unchanged on Tuesday. The pair continues to trade in the high-1.30 range in Wednesday’s European session. In economic news, Spain continues to post impressive numbers, as Spanish Services PMI posted its best reading in almost two years. However, the Italian and Eurozone PMIs failed to meet the estimates. In the US, the trade deficit widened, but managed to beat expectations. The markets are keeping a close…Continue
Added by Yohay Elam on June 5, 2013 at 9:40am — No Comments
Stocks are slightly lower today after a speech from Prime Minister Shinzo Abe that caused some USD and JPY buying against the majors. AUDUSD is looking very weak and we can see also some reversal on EURUSD from that 1.3100 resistance which is still "do or die" level for this pair. We are observing an ending diagonal in wave C and waiting on possible impulsive reversal down to 1.2950 before we may consider any shorts on this pair. Maybe we will have to wait on ECB tomorrow or NFP on Friday…Continue
Added by Gregor Horvat on June 5, 2013 at 9:05am — No Comments
UBS - "AUDUSD BEARISH The pair is consolidating and unwinding the overextended downside conditions. The risk is for resumption of weakness, and resistance at 0.9843 should hold. Support is at 0.9591 ahead of 0.9528.
USDCAD BULLISH As long as support holds on closing basis at 1.0266, the potential is for resumption of the bull trend. Resistance is at 1.0421 ahead of 1.0524.
EURCHF BULLISH There is a strong support at 1.2329. While this holds and as MACD is above its zero line, the…
Added by Francesc Riverola on June 5, 2013 at 8:42am — No Comments
National Australia Bank - "Key trade ideas:
Though comfortable with a medium-term bullish view on the USD, extreme volatility over unpredictable economic data releases is curbing our appetite for risk positions. 84.10 remains a key level for the DXY index.
The pullback in USD/JPY should find solid technical support around 98.60 and we’d buy again below JPY99.
We are sellers of AUD/NZD on a bounce to 1.2140.
We remain long EUR/CHF from 1.2445. Asset market turbulence has…
Added by Francesc Riverola on June 5, 2013 at 8:30am — No Comments
Royal Bank of Scotland - "As stability appears to be returning to Japanese stock and bond markets, we expect the JPY to resume weakening. The Abenomics train keeps rolling today with his so called third arrow. The first is the monetary stimulus, the second is fiscal stimulus and the third is reform to stimulate private investment. We leave the debate to others over whether these measures to be announced today will do the job, but we expect to see the three arrowed Abenomics policy continue…Continue
Added by Francesc Riverola on June 5, 2013 at 8:12am — No Comments
Added by Muthusamy on June 5, 2013 at 8:08am — No Comments
Well, there are many ways to scalp. Generaly speaking I recommend scalping in the direction of The Trend or in the direction of trend. The Trend is usualy what you see in daily and weekly charts but also in 4 hrs. chart, eventualy in higher time frames. Scalping with trend is when you spot the trend in any time frame. Usualy, when using Ichimoku, the trend is given by the position of price related to the Kumo (the cloud). If the price is above the cloud then we have an uptrend, if the price…Continue
Added by Carol Harmer on June 5, 2013 at 5:27am — No Comments
Added by Carol Harmer on June 5, 2013 at 4:56am — No Comments
EUR has been consolidating yesterday with tiny moves in range between 1.3050 and 1.3100. This morning the price continues to maintain the bullish tone and currently is just below the 1.3100 level. On Daily we are trying to escape the negative Ichimoku and the battle is with the Senkou Span B. Breaking above will turn that into a support. We have the MA200 passing through 1.3030 on Daily, so buying there is a good idea, because the market is waiting for mr.Draghi's speech. I think that there…Continue
EURUSD and GBPUSD is expect to rise why usdjpy is expect falling
buy EURUSD @ 1.3060 stop 1.300 target 1.3165/3200
sell usdjpy stop 100.46 tp 99.40
buy GBPUSD stop1.5260 target 1.5450
have a nice trade goodlouck
Euro Dollar / US Dollar broke above the down trendline at 1.31, 2 days ago and this is a bullish sign. This down trendline, currently with an ending point at 1.31, may now provide downside support.
A Daily white body has formed yesterday. And a Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the…Continue
Added by Martin Kay on June 5, 2013 at 3:08am — No Comments
Added by Francesc Riverola on June 4, 2013 at 3:37pm — No Comments
USDCAD moved nicely lower beneath wave A support in the last few sessions in wave C, which we highlighted yesterday. Notice that from that latest 1.0260 low market reversed sharply and in impulsive fashion with current prices approaching upper trend-line of a corrective channel. Break through that line will put USD bulls back in play, back to 1.0420 and possible even send them to 1.0450 in the rest of the week against the CAD.
Added by Gregor Horvat on June 4, 2013 at 2:49pm — No Comments
Currently we are at 1.5301. We are looking for a bounce here and then a run to the R5 1.5398. Expecting that to be the top of this corrective wave and then a move back to the downside. There is a day chart trend line before that which may prove to be too big a barrier to break. The current average daily trading range (ATR) is 99 pips.…Continue
Added by Scott Barkley on June 4, 2013 at 12:45pm — No Comments
JP Morgan - "AUD has been a key beneficiary of financial repression in the west, with foreign bond investors placing 42% of GDP in AGCB since end-2007. Much of this money may have come from sticky investors (central banks and SWFs), which limits the risk of outright repatriation as yields in the core markets rise. Nonetheless, the yield back-up, especially if it heralds the end of financial repression, begs the question of how easily Australia will be able to finance its external deficit…Continue
Added by Francesc Riverola on June 4, 2013 at 11:49am — No Comments
ANZ - "As noted last week, the talk of a Head and Shoulders pattern seems misplaced given that EUR/USD is well within a broad previous range. A break of the 1.2775 area could rekindle this talk, but it is likely to disappoint. The current push into the 1.3025-50 will further reduce the downside risks and favour range trading. The favoured profile is for another squeeze towards 1.32-1.33 as a 1.25-1.33 range is defined.
(...) AUDUSD Little change: The long held bias that a structural top…
Added by Francesc Riverola on June 4, 2013 at 11:39am — No Comments