Daily Trade Idea Gold – USD
11 November 2013
Last price: 1287.70
Sell at 1291.92
Take Profit at 1277.78
Stop loss at 1298.5
Buy at 1274.5
Take Profit at 1282.83
Stop loss at 1270
Added by Zubair Sattar Market Returns on November 10, 2013 at 11:27pm — No Comments
Daily Trade Idea USD/JPY
11 November 2013
Last price: 99.14
Buy at 98.90-99
Take Profit at 99.60-65
Stop loss at 98.49
Sell at 99.60-70
Take Profit at 99.15
Stop loss at 100
Added by Zubair Sattar Market Returns on November 10, 2013 at 11:26pm — No Comments
Daily Trade Idea GBP/USD
11 November 2013
Last price: 1.6011
Sell at 1.6030-35
Take Profit at 1.5940-50
Stop loss at 1.6095
Buy at 1.5910-16
Take Profit at 1.5960-70
Stop loss at 1.5879
Added by Zubair Sattar Market Returns on November 10, 2013 at 11:25pm — No Comments
Daily Trade Idea EUR/USD
11 November 2013
Last price: 1.3358
Sell at 1.3385-90
Take Profit at 1.3300-05
Stop loss at 1.3446
Buy at 1.3300-05
Take Profit at 1.3345-50
Stop loss at 1.3269
Added by Zubair Sattar Market Returns on November 10, 2013 at 11:24pm — No Comments
GOLD: With GOLD maintaining a bearish tone for a second week in row, further downside is likely. Support comes in at the 1,251.56 level where a breach will aim at the 1,215.00 level. Further down, support resides at the 1,180.00 level with a turn below here shifting attention to the 1,150.00 level. Conversely, resistance lies at the 1,375 level where a breach will target the 1,399.79 level. A cut through here will open the door for a run at the 1,433 level. Further out, resistance…
Added by fxtech on November 10, 2013 at 10:11pm — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3357. The pair is working a big downtrend now which could bottom out below 1.3200. We are looking for a shallow pullback around 1.3390 before a movement to the S6 @ 1.3224. The average daily true range (ATR) for the pair currently is 98 pips.…Continue
Added by Scott Barkley on November 10, 2013 at 10:06pm — No Comments
GBP/USD bounced back and crossed above the 1.60 level, gaining about one cent last week. The pair closed at 1.6018. This week’s key events include CPI, Claimant Count Change and Retail Sales. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
British Construction and Services PMIs continued to look sharp, giving the pound a…Continue
Added by Yohay Elam on November 10, 2013 at 6:03pm — No Comments
Added by Ron Schelling on November 10, 2013 at 5:52pm — No Comments
Added by Pip Logic on November 10, 2013 at 4:37pm — No Comments
Recommendations: LONG positions around 1276 with 1327 & 1361 as next target.
Alternative scenario:The downside breakout of 1251 will call for a slide to 1180/1122.
Description:The weekly break above 1327 levels 2 weeks ago confirmed support at the 1251 levels so as long as 1251 holds on a weekly basis , the gold targets 1361 ahead of 1433 levels, note that sustained trading above 1327 will build pressure on the 1361/1433…
Added by Haitham653 on November 10, 2013 at 4:05pm — No Comments
Recommendations: SHORT positions around 0.9454 with 0.9350 & 0.9280 as next target.
Alternative scenario:The upside breakout of 0.9542 will open 0.9600/0.9757 levels.
Description:A short term top has been confirmed at the the 0.9757 levels, stability below 0.9542 will keep the pair under pressure with risk towards 0.9280 levels, at this point I’d expect strong support from 0.9280 to limit fall from 0.9757 levels and bring…
Added by Haitham653 on November 10, 2013 at 4:01pm — No Comments
Recommendations: LONG positions above 96.56 with 100.86 & 101.52 as next target.
Alternative scenario:The downside breakout of 96.56 will call for a slide towards 93.78 .
Description:The clear break above 99.27 last June confirmed support at the 93.78 levels, so as long as 93.78 holds , the pair targets 103.73 levels, sustained trading above 99.27 will build pressure on the 101.52/103.73 levels , break of 103.73 would open…
Added by Haitham653 on November 10, 2013 at 3:57pm — No Comments
Recommendations: SHORT positions around 1.6117 with 1.6000 & 1.5893 as next target.
Alternative scenario:The upside breakout of 1.6259 will open 1.6380/1.6440.
Description:A short term top has been confirmed at the the 1.6259 levels, stability below this level will keep the pair under pressure with risk towards the 1.5893 levels, losing the 1.5893 levels will have large bearish implication towards the 1.5750 ahead of 1.5426…
Added by Haitham653 on November 10, 2013 at 3:53pm — No Comments
Recommendations: SHORT positions around 1.3485 with 1.3325 & 1.3190 as next target.
Alternative scenario:The upside breakout of 1.3546 will call for a rebound to 1.3650/832.
Description: The EURUSD continued its bearish momentum last week , but the pair was rejected from the key support 1.3325 , sustained break below 1.3325 would open 1.3104 levels, at this point I’d expect strong support above 1.3104 to contain downside from…
Royal Bank of Scotland - "EUR/USD FX– The currency pair has displayed very precise technical behaviours over the past few years; e.g. the targets from 2010 inverse head and shoulders (1.42 and 1.48) were reached accurately in 2010 and 2011 respectively; also the target from 2010-2011 H&S of 1.2037 was nearly the exact low of 2012. Now we have a 3rd inverse head and shoulders in play with the targets of 1.38 and 1.43. The first target was already tested a week ago and the recent selloff…Continue
UBS - "Our longer-term bullish dollar view has started to regain traction. October's payrolls report showed an increase of 204k payrolls. The European Central Bank cut interest rates and the Reserve Bank of Australia warned again its currency was too high. That made the euro end the week below 1.34 against the greenback and the Australian dollar below 0.94. Asian investors, however, expect the Federal Reserve will be slow to start tapering its asset purchases, making clients reluctant to put…Continue
Added by Francesc Riverola on November 10, 2013 at 3:24pm — No Comments
Added by Pip Logic on November 10, 2013 at 2:17pm — No Comments
EURUSD: A follow through on its previous week decline has left EUR targeting further downside. Support lies at the 1.3300 level with a break turning focus to the 1.3250 level and possibly lower towards the 1.3200 level. We may see the bulls come in here and turn the pair higher but on further decline it will push lower towards the 1.3100 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, resistance stands at the 1.3547 level followed by the 1.3650 level…Continue
Added by fxtech on November 10, 2013 at 12:02pm — No Comments
EUR/USD had a second negative week, losing over 100 pips. Can it stabilize at these levels or continue falling? GDP, employment and inflation data are the main market movers for this week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD.…Continue
Added by Yohay Elam on November 10, 2013 at 9:48am — No Comments
- This pair is working beautifully with Fibonacci retracement and expansion.
- D1 chart: price is still well within a rising channel, of which the bottom is lying around 1.3000 +/-30 pips. The 0.25% refi rate cut, accompanied with US's brilliant GDP and NFP report could help the pair break the support 1.3290/3300. So, we should expect the range of 1.3290 - 1.3420 next week, while price is consolidating to wait for more…
Added by Cho Xom on November 10, 2013 at 5:37am — No Comments