Gold unexpectedly broke all resistance to hit 1250. This week's candles formed a bottoming pattern so we should start to build a short term recovery to unwind the oversold scenario. Any weakness today therefore is a buying opportunity with support at 1229/27 likely to hold the downside. However below 1219 risks a retest of the low this week at 1215/12 for a second buying opportunity today.
Fibonacci resistance at 1247 & short term trend line resistance at 1252 so…
Added by Jason Sen on December 5, 2013 at 9:16am — No Comments
Added by Carol Harmer on December 5, 2013 at 7:07am — No Comments
EUR has made another test of support area 1.3530 and it capped the downside once again. The area was bulls protected and the price quickly returned back to the resistance 1.3590. This morning that resistance was broken and the next 1.3640 has been reached. In fact i was expecting this to happen yesterday, but the market prefered to test the support once again before going to the upside. For today the last resistance is 1.3695 if we break there we shall exit the Ichimoku cloud again, but if…Continue
Added by Vladimir Mihaylov on December 5, 2013 at 7:03am — No Comments
Are you losing money? do not worry look at this strategy and make profits.
MARKET UPDATE 05-12.2013
EUR/USD: Buy above 1.3590,TP1.3645/70,SL1.3570,BOS1.3560
GBP/USD: Buy abov1.6375,TP1.6420/40,SL1.6358,BOS 1.6350
GOLD: Sell Below 1240,TP 1230/23,SL1252,BOB 1253
CL: Sell below 97.45,TP96.70/30,SL97.75,BOB97.85
USD/JPY: Sell below 102.10,TP101.70/50,SL102.33,BOB102.38
GBP Asset Purchase…Continue
Added by Carol Harmer on December 5, 2013 at 5:36am — No Comments
Added by Carol Harmer on December 5, 2013 at 5:03am — No Comments
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3581
Sell Stop: 1.3596
Enter New SELL on OPEN and exit SELL 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 December 5, 2013 at 3:36am — No Comments
Added by Muthusamy on December 5, 2013 at 2:36am — No Comments
AUD/USD is now showing Divergence /4 H Chart CURRENT PRICE IS 0.9023 , it seems that the pair is likely will reverse up to reach 0.9070/80 area .
Sterategy for 10 : 15 Hours Buy market stop @ 0.8990 Target : 0.9070/80.
Expected move will be up and GOLD/USD will retest again 1260/1265 area before Friday Employment report…Continue
Added by Ahmed ElHenawi on December 4, 2013 at 5:08pm — No Comments
Today Silver /USD bottomed at 18.88 low , indicated more aggressive divergence on MACD, (4H), which alert that expected move will goes up and retest again main resistance at 19.80/19.90 area before Friday Employment report data.
Trading Strategy: Long Silver/USD @ 19.20/25 ST@ 18.87Continue
Added by Ahmed ElHenawi on December 4, 2013 at 4:34pm — No Comments
Currently we are at 0.8184. We are looking for a break of the support @0.8164 and a continuation to the support area @ 0.8096. The average daily true range (ATR) for the pair currently is 92 pips.…Continue
Added by Scott Barkley on December 4, 2013 at 1:30pm — No Comments
AUDUSD double bottom triggered a small recovery as predicted, right to our target of 9145 & we topped exactly here. We collapsed from here breaking 9050 to hit our next downside target of 9013. We are hovering just above here but the outlook is negative. Be ready to go with a break below 9000 for a target of 8970/60, perhaps as far as 8925/20 before the weekend.
Immediate resistance at 9045 could hold a move higher but above here we could reach 9065/70 & a high for the day…Continue
Added by Jason Sen on December 4, 2013 at 11:23am — No Comments
After touching new all-time highs in July 2013 (11,483,000), lead by the main site FXstreet.com (English) and the irresistible move up of the mobile sites, what has come next has been nothing but dull and our traffic figures down. Well, we saw some recovery in October, but nothing worthy to cheer about.
The only thing that I can be really happy about is the big fall in the bounce rate when comparing October (-16%) and November (-14%) when compared with same months…Continue
Added by Francesc Riverola on December 4, 2013 at 11:17am — No Comments
Rabobank - "EUR/USD: A weaker euro would be supportive for growth in peripheral Europe.
However, not all currencies can be simultaneously weak and the EUR is losing the battle. Insofar as the market remains obsessed with the timing of Fed tapering, threats of further policy action from the ECB are proving to have limited power over the direction of EUR/USD. Not only that, but the strength of Germany’s external sector and current account remains a source of strength for the EUR. The…
Added by Francesc Riverola on December 4, 2013 at 11:04am — No Comments
EURUSD: We are looking for EUR to recapture the 1.3621 level and then resume uptrend. This view is in line with the pair’s bullish recovery triggered off the 1.3295 level. In such a case, the 1.3650 level will be targeted where a violation will aim at the 1.3738 level. Further out, resistance is seen at the 1.3800 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3524 level with a breach targeting the 1.3500 level and then the 1.3450 level. We…Continue
Added by fxtech on December 4, 2013 at 10:03am — No Comments