All Blog Posts (21,197)

A Proxi for EUR/USD liquidity distribution

Hi Traders,

Based on the Trading Positions page where we collect positions and buying and selling interest from our dedicated contributors, I'm publishing every Thursday a report with some informal inferences.

So far I can't complian. The data, albeit being just a few positions collected, works many times quite weel as a proxi of the bigger liquidity…

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Added by Gonçalo Moreira on February 20, 2014 at 3:00pm — 2 Comments

EUR/USD Feb. 20 – Weak PMIs Weigh On Euro

EUR/USD has posted modest losses in Thursday trade. In the European session, the pair is trading just shy of the 1.37 line. It’s a very busy day on both sides of the pond. There wasn’t much to cheer about in the Eurozone, as PMIs were mostly weak, and German and French inflation indicators posted declines. In the US, there are three key events on the schedule – Core CPI, Unemployment Claims and the Philly Fed…

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Added by Yohay Elam on February 20, 2014 at 11:36am — No Comments

Winning Trade on 20th February

EURUSD 5 Min:

Today saw a spike down in price. It then channeled hit a support and rebounded in 2 waves High 1 (hitting the 10 MA red lines) Low 1, High 2 hitting the 20 MA (Green lines)  for the first time since the beginning of the spike. Never take a Low 1 after a spike…

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Added by Constantine on February 20, 2014 at 11:30am — No Comments

Eur/Usd: secondary bullish trend in main bearish trend

Before I expose my view about this pair please understand that my analyze is for long term - meaning the expectations to see the following scenario are for the next weeks and not for the next hours. For those of you having problems to establish the trend I recommend you to read the Dow's Theory  - it's the best way you can establish a trend.

According to the Dow Theory:

The market has three movements

(1) The "main movement", primary…

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Added by Arenoosh on February 20, 2014 at 11:12am — 2 Comments

USDCAD Elliott Wave Analysis: Looking New High Towards 1.1400

USDCAD has finally turned bullish with nice impulsive price action from 1.0906 that suggests a completed wave 4 at recent low. The reason is rise back to wave (x) extreme as well as decisive break out of a downtrend channel that is now pointing up to a new high for black wave 5, ideally even towards 1.1400.

USDCAD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on February 20, 2014 at 8:08am — No Comments

FOREX forecast 20.02.2014

EUR moved in a 50 pips range yesterday and closed the day below 1.3750, however this morning it has made an upside attempt but it was not successful again. At the moment of writing the price is testing 1.3720 support, if broken downside will continue to 1.3670. If it si broken too then the target will be below 1.3600. On the upside we need a clear break of 1.3770 ,then 1.3800 and finally 1.3850. Today there is a lot of economic data, for now Germany's producer price index numbers are worse.…

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Added by Vladimir Mihaylov on February 20, 2014 at 8:05am — 1 Comment

Daily Brief for EU Session as on 20-02-2014



EUR/USD: Sell Below :1.3775 expected targets 1.3730/10, SL1.3810 BOB1.3815

GBP/USD: Sell Below 1.6685,TP1.6645,SL1.6715,BOB1.6720

USD/JPY: Buy above  101.70 ,TP 102.32/53 SL101.40,BOS101.30

GOLD:Sell below1316,TP1307/03,SL1323,BOB1324

CL: Sell Below 103.20,TP102.65,SL103.50,BOB 103.60

Important News: EUR French Flash

Manufacturing PMI, @1:00PM German Flash Manufacturing PMI, @1:30pm, USD…

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Added by Usman Ali on February 20, 2014 at 7:35am — 5 Comments

Corn Futures breaks a strong resistance

On 10th of January, we had the first NFP of 2014 and everyone was focusing on those numbers missing the real news of that Friday: the US Department of Agriculture cut its estimate for US corn production and separate data showed corn stocks at a level that was less than expected. In addition, the US farmers unexpectedly reduced winter-wheat and winter-corn seeded acreage. Three days later, I wrote a wide analysis, published on my blog, about these two assets suggesting, to go long the…

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Added by Arenoosh on February 20, 2014 at 7:28am — No Comments

EUR/USD DAILY as of Thursday, 20 February, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar

Sell Target: 1.3734  

Sell Stop:    1.3775

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…

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Added by Martin Kay on February 20, 2014 at 6:15am — No Comments

Japan - Exploding Silently, Last Yen Rally

Japan - Exploding Silently, Last Yen Rally

View on Yen

Despite the economic issues in Japan mentioned below, initiating Yen shorts should be avoided because- …

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Added by Omkar Godbole on February 20, 2014 at 5:49am — No Comments

GBPUSD - Caveat Emptor

GBPUSD - Caveat Emptor

Trade Recommendation

  1. Intraday Traders - Short GBPUSD around 1.6670 for target of 1.6590 and Stop loss 1.6710
  2. Risk Averse Positional traders - Should initiate…
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Added by Omkar Godbole on February 20, 2014 at 4:55am — No Comments

TRADING LEVELS-GOLD-20.02.2014

TRADING LEVELS
GOLD
H-1316.10-L-1302.20
BUY-1310.10/1308.40/1306.80/1304.60-SELL-1311.80/1313.30/1315.60
BUY>1316.10-SELL<1302.20

Added by Muthusamy on February 20, 2014 at 3:02am — No Comments

Daily Forex Trading Commentary - Wednesday 19th February 2014

GBP/USD - Price Stalls Above Dynamic Support

Price stalled today above dynamic support as it showed a little rejection of the 8-day EMA. We would have liked to see a more obvious price action signal occur from here before buying but equally we would not be surprised to see price push higher from here into the end of this week as the uptrend regains momentum. The alternative scenario would be a deeper retracement back down to 1.6600, something we need to be acutely aware of as this…

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Added by Lewis Barber on February 19, 2014 at 11:32pm — No Comments

Westpac - We are predisposed to selling EUR/USD on strength

Westpac - "EUR/USD seemed to satisfy the consensus early in the new year, settling into a low intensity decay from 1.38 to sub-1.35 in Jan. However, price action in Feb has seen those losses completely unwound. There are four key near term (inter-related) themes for EUR/USD: 1) the complexion of the US data; 2) the complexion of the Eurozone data; 3) the prospects for ECB easing; and 4) developments in the periphery. We assess that on balance the positives outweigh the negatives. We quantify…

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Added by Francesc Riverola on February 19, 2014 at 4:57pm — No Comments

usd/jpy (revised order)

Yellow and good day to you from Nigeria, this is the high time to long usd/jpy@ 101.80 for 103.

Added by ashafa on February 19, 2014 at 4:37pm — No Comments

usd/jpy (revised order)

Yellow and good day to you from Nigeria, this is the high time to long usd/jpy@ 101.80 for 103.

Added by ashafa on February 19, 2014 at 4:37pm — No Comments

usd/jpy

Yellow and good day from Nigeria this is the high time to short usd/ jpy @ 102.10 for 101.20

Added by ashafa on February 19, 2014 at 3:01pm — 1 Comment

EUR/USD Feb. 19 – Steady Ahead of Key US Releases, FOMC Minutes

EUR/USD is showing little movement in Wednesday trading, as the euro continues to look sharp after gains on Tuesday. In Wednesday’s European session, the pair is trading in the mid-1.37 range. Today’s sole release out of the Eurozone is the German 10-year Bond Auction. It will be a busy day over in the US, with the release of two key events – Building Permits and the Producer Price Index. As well, we’ll get a look at the…

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Added by Yohay Elam on February 19, 2014 at 11:15am — No Comments

Daily Technical Strategist On AUDUSD

AUDUSD: Faces Consolidation Threats.

AUDUSD: With the pair’s failure to recapture the 0.9085 level triggering price consolidation, more downside pressure could be building up. Support lies at the 0.8926 level and then the 0.8900 level. However, in case it fails to follow through lower, expect AUDUSD to retake the 0.9080/5 levels. A cut through here will resume its short term uptrend towards the 0.9150 level where a break will pave the way for a run at the 0.9200 level and subsequently…

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Added by fxtech on February 19, 2014 at 9:27am — No Comments

AUDUSD Elliott Wave Analysis: Faces Resistance

AUDUSD is testing last week highs, so it seems that pair is still moving up in wave (v) of C, final leg of the pattern that is expected to form a top for n this week. We are tracking a flat correction labeled from mid-December that is a contra trend movement, thus it suggests more weakness for on the Australian dollar in weeks ahead. Ideally price will turn impulsively back to 0.8900 that will put pair in bearish mode.

AUDUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on February 19, 2014 at 9:26am — No Comments

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