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EUR/USD & GOLD forecast 09.01.2014

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…

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Added by Vladimir Mihaylov on January 9, 2014 at 6:27am — 1 Comment

EUR/USD DAILY as of Thursday, 09 January, 2014

 

*** 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…

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Added by Martin Kay on January 9, 2014 at 5:50am — No Comments

US Fed minutes - QE loosing its efficiency, bad news to be treated as bad news henceforth?

US Fed minutes: Confirms commitment to Taper, 10 year yields do not respond

  1. Minutes showed policymakers commitment to Taper albeit at a measured pace.
  2. Policy makers found it necessary to stress that the Taper is not on a preset course and depends on overall performance and outlook of the economy.
  3. Most policymakers questioned the marginal efficacy of…
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Added by Omkar Godbole on January 9, 2014 at 5:44am — No Comments

Pound - Undeterred by Fed minutes, market eyes Bank of England meet

Trade Recommendation:

  1. The short position for 100 pip downside target recommended by me yesterday Stopped Out. GBPUSD pair did hit 1.6460 at the same time did close above the trend line resistance on 4 hourly chart
  2. Since the move did not pan out as per my expectation, I would prefer to be on "wait and watch" mode today at least till the outcome of Bank of England…
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Added by Omkar Godbole on January 9, 2014 at 5:30am — 1 Comment

Cable At Neutral Technical Indicators..But Expected To Rise

Added by Carol Harmer on January 9, 2014 at 4:51am — No Comments

AUD/NZD

Added by Pip Logic on January 9, 2014 at 3:19am — No Comments

South African Rand to stay weaker for longer ?

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.…

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Added by Ron Schelling on January 8, 2014 at 6:23pm — No Comments

EURGBP- Declines Sharply, Faces Additional Bearishness



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.…

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Added by fxtech on January 8, 2014 at 4:59pm — No Comments

$USDPY- Wedge Break?

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.…

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Added by Scott Barkley on January 8, 2014 at 2:11pm — No Comments

Intraday Elliott Wave Analysis For EURUSD And GBPUSD

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…

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Added by Gregor Horvat on January 8, 2014 at 10:29am — No Comments

Going long on AUDUSD

 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

2013 Top 5 Forex Webinars on FXstreet... Do Not Miss Them!

Top5 Most Viewed Forex Webinars on FXstreet in 2013. Well done guys!:

#1 Sam Seiden - …

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Added by Francesc Riverola on January 8, 2014 at 10:00am — No Comments

DAX MAR14 may have some correction this month.

DAX (German stock index) is in strong bullish trend for long time. As we can see in monthly chart



But there…

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Added by Best4xrobots on January 8, 2014 at 9:30am — No Comments

Intraday Market Forecast 08 Jan 2014

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 ,…

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Added by Haitham653 on January 8, 2014 at 9:10am — 10 Comments

Daily Forex Trading Commentary - Tuesday 7th January 2014

Gold - Struggling to Move Higher as it Approaches 1250 Resistance

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.…

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Added by Lewis Barber on January 8, 2014 at 8:57am — No Comments

Usd/Jpy Looking Overbought and Should Correct Back Lower From 10510

Added by Carol Harmer on January 8, 2014 at 7:35am — No Comments

Moving Averages breakouts as on 8-1-2013

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

USD/JPY…

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Added by Usman Ali on January 8, 2014 at 7:07am — 3 Comments

USDINR and EURUSD View - 8/1/2014

Important Headlines

  1. India has no plans to cut import duty on gold - Finmin aide
  2. German retail sales rise in November beating forecasts while jobless claims dropped
  3. US Trade deficit contracted in the month of November

 

USDINR: The Indian rupee remained flat against the US Dollar on Tuesday in line with our expectation. Domestic equities ended weak for the…

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Added by Omkar Godbole on January 8, 2014 at 7:00am — No Comments

eurjpy @fomc day

 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

Added by anil chauhan on January 8, 2014 at 6:47am — 1 Comment

EUR/USD & GOLD forecast 08.01.2014

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…

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Added by Vladimir Mihaylov on January 8, 2014 at 6:02am — 1 Comment

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