All Blog Posts (20,573)

S&P500 Elliott Wave Analysis: Intraday Swing Zone At 1832/36

S&P500 is recovering today, but if we consider only a three wave fall to a new swing low yesterday then we can suspect that market is forming a flat correction placed in wave b. With that said, we think that larger contra-trend move from 1845 is incomplete but we should then see a reversal down from 1832/36 zone. Our view remains unchanged as long as price trades beneath Jan 02 high.

S&P500 (Mar 2014) 1h

SPX Elliott Wave

Flat (regular, expanded,…

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Added by Gregor Horvat on January 7, 2014 at 3:08pm — No Comments

CADJPY SELL IMMINENT

CADJPY Open SELL at 97.647. Set TP at 97.381…

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Added by Metaneural Trading Systems on January 7, 2014 at 3:03pm — No Comments

$USDCHF- bull continuation

Currently we are at 0.9071.  We are looking for a bullish continuation to the resistance area @ 0.9113  and  the next target the 0.214 Fibo @ 0.9155.  The average daily true range (ATR) for the pair currently is 70 pips.…

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Added by Scott Barkley on January 7, 2014 at 2:23pm — No Comments

Expected market moves for the week 06-10 January 2014

Dear All

I have presented during my "Asian session: Live market analysis" webinar the expected market moves for this week 06-10 January 2014 and forecast for the year 2014.

The recording of the webinar is available in the given below link:

http://www.fxstreet.com/webinars/sessions/asian-session-live-market-analysis-20140106/

Trade with care during yearly trend…

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Added by Dr. Sivaraman on January 7, 2014 at 1:28pm — No Comments

Daily technical analysis for pre American Session

Sell EUR/USD  at 1.3640 and expected targets are 1.3605/1.3575/3548

Sl 1.3700 and buy stop is 1.3685

because SMA 200 is working as a resistance level. also there are tops at this level. 

Added by Usman Ali on January 7, 2014 at 12:02pm — No Comments

USD/JPY, EUR/USD, GBP/USD, USD/CAD, CAD/JPY, EUR/GBP, EUR/AUD and USD/INR Today

Forex Daily Dose- January 7, 2014: The FxDailyDose presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term…

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Added by Himanshu Jain on January 7, 2014 at 11:30am — No Comments

Daily Forex Trading Commentary - Monday 6th January 2014

USD/JPY - Price Dips Back to Support, Uptrend Still Intact

Price dipped back on USD/JPY today pushing below the low of Friday's pin bar, notice the shake-out attempt we predicted in our weekly commentary did occur but price failed to move below support at 103.75. Given the close of today's bar is back above 104.00 we see potential for this market to regain some traction and push higher still. If price closes below 103.75 on a daily basis that would be a bearish development…

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Added by Lewis Barber on January 7, 2014 at 10:30am — No Comments

AUDUSD Waiting For Bearish Confirmation -Elliott Wave Forecast

AUDUSD has turned south during Asian session despite better than expected Trade Balance numbers; -0.12B vs -0.30B. But notice that number is negative which means that more goods were important than exported, so demand for AUD was not high which is reason for lower reaction on AUDUSD.



From a technical perspective we expect weaker AUD against the buck, but price is still above that 0.8882 key level that needs to be broken for a bearish case. If we get a daily close beneath that swing…

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Added by Gregor Horvat on January 7, 2014 at 9:52am — No Comments

Intraday Market Forecast 07 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Cautious Rebound )

Recommendations: LONG positions above 1.3580 with 1.3650 & 1.3675 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 7, 2014 at 9:35am — No Comments

EUR/USD Targets January 2014

EUR/USD :-

The Euro erased its early gains of 1.38 per dollar, down to almost its 61.8% Fibonacci retracement level which lies at 1.3547 Per US Dollar. However, a developed channel trend line suggests strong supports of 1.3500 still concludes that Buying still continues to be on the cards.

Last week we noticed that the Retail positions were majorly short on the EUR/USD below 1.37 where as institutional investors were turning long positions on the…

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Added by Jay Khanna on January 7, 2014 at 9:18am — No Comments

Gold & Crude Oil Update.

Weekly Commodities Report.   Gold & WTIC (Crude Oil).

Crude Oil

Over the last week both Gold & Crude Oil have been on the main focus in the markets as the Libyan oil field which had resumed production, Crude oil prices started to decline sharply on the NYMEX lowering down 1.30%  on Friday. However, Strong support on Crude Oil lies around $93 USD per barrel, The Energy Information Administration also showed a decrease in inventory in…

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Added by Jay Khanna on January 7, 2014 at 9:16am — No Comments

Eur/Usd Analysed Signal Alerts From Centreforex

Eur/Usd Buy Entry @ 1.3612 , Stoploss @ 1.3582 Target Upto 1.3646 Now Trading @ 1.3620 ,Centreforex Signal No :-168 Date 07/01/2014.

Added by CentreForex on January 7, 2014 at 8:02am — No Comments

Gold and Silver Forecast for January 7th

The prices of gold and silver slowly rose during the part several days. The low volume of trade may have contributed to the recovery of gold and silver. This could change in the coming days as the volume is likely to pick up. The main evens of the week are the U.S non-farm payroll report and minutes of the FOMC meeting. These two news items could affect the prices of precious metals. On today’s…

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Added by Lior Cohen on January 7, 2014 at 7:58am — No Comments

EUR USD TODAY TREND

BUY EUR USD AT 1.3621  STOP LOSS 1.3603 TAKE PROFIT 1.3651  

Added by A PRASAD REDDY on January 7, 2014 at 7:30am — No Comments

EUR/USD & GOLD forecast 07.01.2014

Yesterday the tiny negative Ichimoku succeeded to bounce the EUR price back to the upside to make a small correction move higher andreach 1.3652 hitting my first long EUR target. However getting to 1.3652 was difficult and after some choppy trade and it is quite possible your SL was hit like mine. After disappointing US data the price calmed down and the EUR trades around 1.3620-30 this morning waiting for the Germany's data. If better than expected data is released the EUR will be well…

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Added by Vladimir Mihaylov on January 7, 2014 at 6:05am — No Comments

Cable Needs To Break 1.6445 to Stop Sellers Regaining Control

Added by Carol Harmer on January 7, 2014 at 5:57am — No Comments

Rupee to stay flat on mixed global cues - Range for the Day 62.10 - 62.46

Rupee to stay flat on mixed global cues - Range for the Day 62.10 - 62.46

Important News:



1. India's services PMI slips further to 46.7 in December - Livemint

2. Euro zone business recovery ends year on a high – PMI - Reuters

USD-INR: The Indian…

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Added by Omkar Godbole on January 7, 2014 at 5:44am — No Comments

GBPUSD - Rises as expected, however gains restricted ahead of Bank of England meet

GBPUSD - Rises as expected, however gains restricted ahead of Bank of England meet

Trade Recommendation:

  1. Traders who initiated Long GBPUSD near uptrend line support must have booked profit. Although the target of 1.6440 was not achieved, the pair did clock a high of 1.6434. 
  2. I would recommend "wait and watch"…
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Added by Omkar Godbole on January 7, 2014 at 5:00am — No Comments

CRUDE OIL: Continued Bearishness Exposes The 92.10 Level.

CRUDE OIL: The commodity continues to sell off declining further today on the back of the past week losses. This development has exposed its immediate support located at the 93.00 level where a violation will turn focus to the 92.10 level, its Dec 27’2013 low. Further down, support comes in at the 91.00 level where a break will target the 90.00 level, its big psycho level. The bulls may come in here and push the commodity back up. However, if that fails to occur expect Crude Oil to weaken…

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Added by fxtech on January 6, 2014 at 8:04pm — No Comments

Bias

Added by Pip Logic on January 6, 2014 at 7:26pm — 3 Comments

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