After several unsuccessful upside attempts EUR slided below 1.3600 , however bearish move was lacking power and near 1.3550 it stopped completely. This morning EUR has recovered a little bit from yesterday's losses as the market players leave the market waiting for ECB decision today. There are speculations that ECB may do another rate cut, so today's meeting will be watched with a great interest. Some high volatility is expected \bad time for placing SL\. I don't have any idea of what the…Continue
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3579
Buy Stop: 1.3560
Enter New BUY on OPEN and exit BUY 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…Continue
Added by Martin Kay on January 9, 2014 at 5:50am — No Comments
US Fed minutes: Confirms commitment to Taper, 10 year yields do not respond
Added by Omkar Godbole on January 9, 2014 at 5:44am — No Comments
Added by Carol Harmer on January 9, 2014 at 4:51am — No Comments
Below the monthly chart ZAR/USD.
The Rand is now clear above the Rand 10 per USD for some time.
The Rand is again in a long depreciation trend and had several periods of recovery,
2002-2004-2008 and 2010.
Can we expect a sharp recovery again ?
Factors to boost the Rand are not expected, according IMF.…
Added by Ron Schelling on January 8, 2014 at 6:23pm — No Comments
EURGBP- With corrective recovery attempts fading and strong sell off seen, the risk is for the cross to retake the 0.8251 level. Further down, support comes in at the 0.8200 level. A clearance of here will turn attention to the 0.8150 level where a violation will aim at the 0.8100 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, a return above the 0.8331 level will have to occur to open the door for a run at the 0.8400 level and then the 0.8466 level.…
Added by fxtech on January 8, 2014 at 4:59pm — No Comments
Currently we are at 104.88. We are looking for a bullish continuation to the R5 area @ 105.45 IF we can break the psychological number at the 105.00. The average daily true range (ATR) for the pair currently is 68 pips.…Continue
Added by Scott Barkley on January 8, 2014 at 2:11pm — No Comments
Markets are quite slow today ahead of the FOMC meeting minutes later today at 19.00GMT. We see most of the FX pairs in corrections that may send the USD higher in the rest of the week.
On the EURUSD below we can see some downside pressure towards 1.3600 but decline from 1.3650 is very slow so it can easily be a part of incomplete wave 4. Ideally we will see test of higher resistance, and then strong push down from around 1.3670.
EURUSD 1h elliott wave…
Added by Gregor Horvat on January 8, 2014 at 10:29am — No Comments
AUDUSD found good support at 0.8821 suggesting above this level is expected to bring recovery to 0.9100 38.2% Fibonacci retracement cannot be ruled out.
however a break of support @ 0.8821 will weakness the trade to 0.8650 and 0.8500 would hold and bring 2011 high of 1.1080.
As investor you are suggest to lond AUDUSD @ 0.8650 0.8600 with stop of 120 pip target 0.9400 and 0.9500
Added by peter tec on January 8, 2014 at 10:09am — No Comments
Top5 Most Viewed Forex Webinars on FXstreet in 2013. Well done guys!:Continue
Added by Francesc Riverola on January 8, 2014 at 10:00am — No Comments
DAX (German stock index) is in strong bullish trend for long time. As we can see in monthly chart
Added by Best4xrobots on January 8, 2014 at 9:30am — No Comments
Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :
EURUSD: (Cautious Rebound )
Recommendations: LONG positions above 1.3580 with 1.3630 & 1.3650 as next targets.
Alternative scenario:The downside breakout of 1.3580 will open 1.3550/1.3520 levels.
Description: At the moment ; the pair is rebounding to the upside ,…
The Gold market tried to push up into resistance at 1250 again today but failed for a second time. Tomorrow we will be looking for one last attempt higher on the 4-hour timeframe for price action sell signals to join the dominant bearish trend.…Continue
Added by Lewis Barber on January 8, 2014 at 8:57am — No Comments
Added by Carol Harmer on January 8, 2014 at 7:35am — No Comments
Technical analysis for Eu session as on 08-01.2014
these are the important levels for majors, Special you can see an intersection of sterling and EU.
Also there are multiple tops exist for these levels.
EUR/USD: Sell Below 1.3640,Taget1.3605/1.3580,stop loss1.3675,BOB 1.3680
GBP/USD:Sell Below 1.6435,TP1.6370,SL1.6450,BOB1.6460
GOLD: Sell Below 1228,TP 1220,SL1233,BOB1235
CL: Buy Above 93.80,TP94.35,SL93.50,BOS93.40
USDINR: The Indian rupee remained flat against the US Dollar on Tuesday in line with our expectation. Domestic equities ended weak for the…Continue
Added by Omkar Godbole on January 8, 2014 at 7:00am — No Comments
sell eurjpy @142.90,,,,, s/l @ 143.20........ t/p 1 - 141.45.... t/p 2 - 141.00...... t/p 3 - 140.58........................ anil chauhan
EUR did some moves in both directions yesterday and closed the day a little below opening as expected. Investors are careful and avoid entering the market with big amounts. Daily indicators show that EUR is in the recovery mode right now. From the price behavior we may say that 1.3595-1.3600 is an important support and if broken we are going to test 1.3540 and 1.3510. First rasistance comes at 1.3650 then at 1.3685 and finally 1.3720-40. Above that final resistance upside will be restored…Continue