All Blog Posts (17,501)

$GBPAUD- breakout?

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.…

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Added by Scott Barkley on June 5, 2013 at 1:17pm — No Comments

FXstreet.com Network Key Metrics May 2013 - Asian Sites Skyrocket

Hi everyone

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…

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Added by Francesc Riverola on June 5, 2013 at 10:30am — 3 Comments

EUR/USD June 5 – Steady as Spain Posts Solid PMI

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…

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Added by Yohay Elam on June 5, 2013 at 9:40am — No Comments

Elliott Wave Morning Review: EURUSD and AUDUSD

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…

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Added by Gregor Horvat on June 5, 2013 at 9:05am — No Comments

UBS - USDCAD As long as support holds on closing basis at 1.0266, the potential is for resumption of the bull trend

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…

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Added by Francesc Riverola on June 5, 2013 at 8:42am — No Comments

NAB - Key trade ideas: 84.10 Remains a Key Level for DXY Index

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…

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Added by Francesc Riverola on June 5, 2013 at 8:30am — No Comments

RBS - JPY weakness expected to resume

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…

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Added by Francesc Riverola on June 5, 2013 at 8:12am — No Comments

TRADING LEVELS GOLD AND SILVER---05.06.2013

TRADING LEVELS-/05.06.2013

SPOT GOLD

H-1408.80-L-1398.70

BUY-1399.60-SELL-1402.10/1403.90/1405.30/1407.80…

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Added by Muthusamy on June 5, 2013 at 8:08am — No Comments

Scalpers dream with Ichimoku.

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…

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Added by Daologic on June 5, 2013 at 6:56am — 25 Comments

Gold Daily forecast 05 06 13

Added by Naveed Anjum on June 5, 2013 at 6:45am — No Comments

Cable ( GU) Looking To Go Higher...1.5420 Would Be Our Target

Added by Carol Harmer on June 5, 2013 at 5:27am — No Comments

Eur/Jpy Looking To Come A Little Lower

Added by Carol Harmer on June 5, 2013 at 4:56am — No Comments

EUR/USD & GOLD forecast 05.06.2013

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…

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Added by Vladimir Mihaylov on June 5, 2013 at 4:37am — 5 Comments

5-6 2013 EURUSD

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

Added by peter tec on June 5, 2013 at 3:29am — 1 Comment

EUR/USD DAILY as of Wednesday, 05 June, 2013

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…

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Added by Martin Kay on June 5, 2013 at 3:08am — No Comments

BoAMLL - We would recommend long positions going into the ECB meeting

Bank of America Merrill Lynch - "The ECB has several options to loosen monetary policy this week: it could act on rates (cut the refi and narrow the corridor, cut the refi and bring deposit rates into negative territory, extend the corridor without cutting the refi rate); liquidity operations (relax collateral requirements, extend the maturity of exceptional LTRO); and/or support credit (E/I-TALF, credit easing through ABS purchases or through national central banks).



n We believe… Continue

Added by Francesc Riverola on June 4, 2013 at 3:37pm — No Comments

USDCAD Could Retest 1.0420 If Hourly Trendline Gives Way-Elliott Wave

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.

http://www.ew-forecast.com/content/fck/usdcad792_4.gif

Written by…

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Added by Gregor Horvat on June 4, 2013 at 2:49pm — No Comments

$GBPUSD- finish line?

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.…

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Added by Scott Barkley on June 4, 2013 at 12:45pm — No Comments

JP Morgan - Sell AUD/USD at 0.9560 with a stop at 0.9880

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…

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Added by Francesc Riverola on June 4, 2013 at 11:49am — No Comments

ANZ - EUR/USD: Wrong place for a Head & Shoulders (within a range)

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…

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Added by Francesc Riverola on June 4, 2013 at 11:39am — No Comments

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