EUR/USD: Buy Above 1.3730, TP 1.3765/85, SL 1.3700, BOS 1.3690
GBP/USD: Sell Below 1.6660,TP1.6615,SL1.6690,BOB1.6700
GOLD: Sell Below 1328,TP 1317/11,SL1335,BOB1336
CL: Sell below 102.58,TP102,SL102.80,BOB 102.90
USD/JPY: Buy above 102.25, TP 102.65, SL 101.95, BOS 101.90
EUR German Ifo Business Climate, @2:00PM Core CPI y/y @ 3:00PM
BOB stands for break out buy and…Continue
Added by Usman Ali on February 24, 2014 at 6:30am — No Comments
Thank you for your great support and for the honor to give me the price of the Most valuable fxnetwork member. I will continue to follow the market as best as i can and to provide daily forecasts. I hope they will make your trade better. I admire also to Daologic and Haitham653, their work is amaizing too. Thank you once again to all who voted for me :)
You can watch the awards video here:…Continue
The EURJPY failed to hold below the 137.50 levels , as a result , the pair returned to the main resistance 141.25 as said last week . Despite rise from 136.22 levels, outlook in EURJPY is on the downside as long as resistance 141.25 holds on a weekly closing basis with risk towards the 137.50 levels , where a breach will turn focus on the 135.30 levels, a cut will bring a free fall towards the 132.50 levels.
On the upside , break of 141.25 on a weekly basis will have large bullish…Continue
Added by Haitham653 on February 24, 2014 at 4:55am — No Comments
The USDCAD maintained a strong bullish momentum last week , printed support at the 1.0909 levels . This development leaves the pair targeting the 1.1223 levels where a breach is very likely , If seen it will target the 1.1310 levels, a halt is suggested , but break of 1.1310 levels will open the 1.1418 levels, further out will aim the 1.1540 levels.
On the downside , stability below the 1.1223 levels could mean a return to the 1.0909 levels , a halt is suggested , but losing the…Continue
Added by Haitham653 on February 24, 2014 at 4:47am — No Comments
The GBPUSD maintained some bearish moment, last week, topped at the 1.6821 levels , and bottomed at the 1.6610 levels . Now pressure will be on the 1.6610 levels.
The GBPUSD will have to hold below the 1.6610 levels on a weekly closing basis to push the market for further downside losses , If seen , It will target the 1.6382 levels , a halt is strongly suggested and buyers is likely to return from this level , but If 1.6382 fails on a weekly basis , expect the market to weaken further…Continue
Added by Haitham653 on February 24, 2014 at 4:43am — No Comments
GBPUSD - Rate hike in 2015 largely…Continue
Added by Omkar Godbole on February 24, 2014 at 4:19am — No Comments
Price is currently sitting right above key support at 1.6600 and we will be watching out for a bullish price action false-break early next week. If price closes below 1.6600 early next week we could see a move back to 1.6300 - either scenario seems equally likely right…Continue
Added by Lewis Barber on February 23, 2014 at 10:28pm — No Comments
The average of 6 major spot currency pairs against the USD.
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Added by Ron Schelling on February 23, 2014 at 8:02pm — No Comments
GBP/USD reversed directions last week, shedding about 150 points. The pair closed the week slightly above the 1.66 line. This week’s highlight is Second Estimate GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
British CPI came in just under the 2.0% inflation and Claimant Count Change continues to impress. US releases hit…Continue
Added by Yohay Elam on February 23, 2014 at 4:41pm — No Comments
The EURUSD continued its bullish momentum last Friday , printed support at the 1.3700 levels . This development leaves the pair targeting the 1.3772 levels where a breach is likely , If seen , the pair will target the 1.3855 levels , a halt is suggested but break of 1.3850 will call for a run towards the 1.3960 levels , further out will aim the 1.4070 levels.
On the downside, stability below the 1.3772 levels could mean a return to the 1.3700 levels , a halt is strongly suggested ,…Continue
Added by Haitham653 on February 23, 2014 at 9:12am — No Comments
The EURUSD continued its bullish momentum last week , broke above the weekly resistance 1.3716 , and printed support at the 1.3476 levels . This development leaves the pair targeting the 1.3810/1.3892 levels where a breach is likely , If seen , the pair will extend gains to the 1.4280 levels, further out will aim the 1.4400 levels.
On the downside , a failure to hold gains above the 1.3810 levels , could mean a return to the 1.3560/1.3475 levels , a halt is strongly suggested , but…Continue
Added by Haitham653 on February 23, 2014 at 9:07am — No Comments
Hi Guys I have been working on this project for a while now with back tests as well as forward tests, With a 20 dollar account I have taken this account to 158 dollars over a 2 month period opening only one trade at a time on EURUSD. I have done a quick back test just to confirm with my forward tests and am happy to say with the exception of a few pips corresponds, and that is without compounding and I am afraid if I post my compounding results here it would be scary, The whole point here is…Continue
What ProAct Forex Target Traders See: We are currently sitting @ 1.3743 looking to finish a 5th wave to the top. The pair has been ranging and it looks like a head and Shoulders pattern, but we believe it is just coincidental. We are looking for a move to the Day chart top @ 1.3845 and then the correction. The average daily true range (ATR) for the pair has dropped drastically and is currently is only 68 pips.…Continue
Added by Scott Barkley on February 22, 2014 at 4:30pm — No Comments
USDCHF: Weakens, Extends Bearishness.
USDCHF: With a third-week of decline as occurring the past week, further weakness is likely towards the 0.8798 level, its Dec 27 2013 low. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen will set the stage for more weakness towards the 0.8650 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, to resume…Continue
Added by fxtech on February 22, 2014 at 12:14pm — No Comments
Nothings moves in straight line; same is on USDCAD where pair now seems to be turning down slightly as pair finds resistance after recent 280 pip rally from 1.0907. We see move down as corrective set-back that may stop at 1.1030-1.0190 region. That's the area where trades may look to join the trend, but after an a)-b)-c) formation that is needed for a completed correction.
USDCAD 1h Elliott Wave Analysis…
Added by Gregor Horvat on February 21, 2014 at 1:51pm — No Comments
Currently we are at 0.8963 attempting a break of the support. If we do break, we are looking for a bearish continuation to the 0.500 Fibo area @ 0.8896-0.8914. The average daily true range (ATR) for the pair currently is 84 pips.…Continue
Added by Scott Barkley on February 21, 2014 at 1:45pm — No Comments
We’ve been busy preparing the March meetups and they are finally ready and the registration is now open!
One more time, on the first week of the month traders from 6 different cities will meet to talk about Forex and Trading, and why not to say it too, for a drink.
As guest speakers, we will have Nicole Elliot in London, Dan Blystone in Barcelona,…Continue
Added by Francesc Riverola on February 21, 2014 at 1:00pm — No Comments
It's a jungle out there, and you're on safari. Every trader is an animal, but they're hiding their true nature. How do you know who's what?
If a shark stops moving it dies. Sharks never sleep. If you punch them on the nose they go away. Some of these things apply to Forex traders.