Added by Jason Sen on October 1, 2013 at 7:50am — No Comments
Added by Jason Sen on October 1, 2013 at 7:49am — No Comments
The EURUSD continued its bullish momentum as suggested yesterday , reached the first target at the 1.3577 levels, to resume its upside offensive , the pair needs to hold above the 1.3577 levels on a daily closing basis to open the way towards the 1.3710 levels , note that a halt is suggested from both levels, break of 1.3710 would open the 1.3785/1.3870 levels ahead of the 1.4250 levels.
On the downside , a rejection from the 1.3577/1.35710 levels could mean a return to the 1.3461…
AUDUSD found a support as expected around 0.9220-0.9300 area, at former wave four from where we have seen a nice bullish reversal with a decisive break through the upper trend-line of a corrective channel. This break indicates an uptrend continuation for AUDUSD that is underway towards 0.9525. Force index is also reversing higher now suggesting that volume and moment area coming back into the market.…Continue
Added by Gregor Horvat on October 1, 2013 at 7:18am — No Comments
EUR eyes 1.3610 then 1.3640 and 1.3710 as no money for the US government. This will give EUR an impulse to reach the targets above in the following days. However most analysts agree that EUR is lacking fresh bullish power and that signs of risk aversion start to appear. So it is a good idea to use the current jump higher to open a SHORT EUR somewhere above 1.3600. EUR is absolutely bullish on all time frames and going against the thend right now is a madness. At the moment of writing EUR…Continue
AUD/USD; Sell Below 0.9404,TP 0.9375/50,SL 0.9420,BOB 0.9430
EUR/JPY; Sell Below 133,TP 132.72/33,SL 133.25,BOB 133.35
Added by Usman Ali on October 1, 2013 at 6:29am — No Comments
Although EURUSD opened with a negative gap lower yesterday, this attracted buying interest. While Sep’s high was not retested a 2nd up day in a row kept prices above the 13 day moving average and the focus on the topside, especially with the demand being extended in Asia. Although there is the likelihood of some reaction to the Asian move in early trading, signals for sentiment are positive.
So higher levels expected in the coming days. 1.3602 and 1.3626 are likely to be in the…Continue
Added by Alan Collins on October 1, 2013 at 6:21am — No Comments
MARKET UPDATE 01.10.13
EUR/USD: Sell Below 1.3548,TP1.3520/3480,SL1.3575,BOB1.3580
GBP/USD: Sell Below1.6240,TP1.6210/6175,SL1.6265,BOB1.6270
GOLD: Buy above1325, TP1335/40,SL1319,andBOS 1317
#CL: Sell Below 102.20,TP101.65/33,SL102.40,BOB102.50
USD/JPY: Buy above 97.80,TP98.33/50,SL97.40,BOS97.33
GBP Manufacturing PMI 1.30pm, US ISM Manufacturing pmi 7pm
Added by Usman Ali on October 1, 2013 at 6:20am — No Comments
GOLD: With the commodity unable to create a clear directional move, its preceding trend continues to dominate. Support lies at the 1,291.12 level. A violation of here will aim at the 1,250.00 level. A turn below here will turn attention to the 1,215.00 level and next the 1,180.00 level. Conversely, resistance lies at the 1,399.79 level. A cut through here will open the door for a run at the 1,433 level. Further out, resistance resides at the 1,450.00 level, its psycho level with a breach…Continue
Added by fxtech on September 30, 2013 at 8:31pm — No Comments
Defensive trades, lock and load
Markets are more or less likely to price in a partial shutdown all day, with chances of that happening to increase over the weekend.
With increasing uncertainty over Italy’s politics, boosted by the resignations of five high ranking G-men leaving and the coalition at high-risk of dissolving, I am betting on a defensive Asian open.
Let's get down to business.
In terms of direction moves, the budget…Continue
Added by Hedgeson on September 30, 2013 at 3:13pm — No Comments
Are you trading US stocks futures and wondering which market you should trade? Well, if you are interested in long set-up, to stay with a trend, then NASDAQ should be the best choice if we consider that S&P500 and DJIA are much lower. In fact, on NASDAQ we see a nice three wave pull-back from latest high which looks like a corrective retracement within a larger uptrend. Break of that upper channel line should put new high back in play.
Added by Gregor Horvat on September 30, 2013 at 2:30pm — No Comments
Currently we are at 0.8297 after the bounce on the trend wall. This is a 2 part trade opportunity. 1) We are looking for a bullish continuation to the R6 @ 0.8335 and 2) the next target the top @ 0.8395/0.8400. The average daily true range (ATR) for the pair currently is 83 pips.…Continue
Added by Scott Barkley on September 30, 2013 at 12:42pm — No Comments
...However we are closing in on a two and a half year trend line now, as we start to become overbought on the daily & weekly chart - so perhaps it is time to book profits and see if the market hits profit taking at this stage.…Continue
Added by Jason Sen on September 30, 2013 at 10:07am — No Comments
...but fails here & falls back quite quickly. The short term & long term bear trend still dominates. Note how we have failed to close above the 100 day moving average (at 1340 today) for 6 sessions & failed to hold above here today.…Continue
Added by Jason Sen on September 30, 2013 at 10:01am — No Comments
Added by Jason Sen on September 30, 2013 at 9:30am — No Comments
Good day. we have a new story to talk about " US shut down"..It is month end and new month beginning time - the market is expected to make volatile moves - monthly trend reversal moves.
I have explained the expected market moves- forecast and the levels the majors could show in this week Today (30 september) during my " Asian session: Live market analysis " webinar..
The recording of the same is available in the given below link:
Added by Dr. Sivaraman on September 30, 2013 at 8:37am — No Comments
The AUDUSD maintained some bearish momentum last week , now pressure will be on the 0.9276 levels.The AUDUSD will have to hold below the 0.9284 levels on a weekly closing basis to push the market for further downside losses, If seen , It will confirm short term topping and flip bias back to the downside for retesting the 0.9068 levels , a breach will turn focus on the 0.8891 levels further downside will aim the 0.8847 levels.
Alternatively, a failure to hold below the 0.9284 levels on…Continue
Added by Haitham653 on September 30, 2013 at 7:31am — No Comments
The GBPUSD maintained some bullish momentum last week , printed a new support at the 1.5954 levels, this development leaves the pair targeting the 1.6250 levels where a breach will turn focus on the 1.6396 levels, further upside will aim the 1.6615 levels.
On the downside , losing the 1.5954 levels on a daily closing basis will confirm short term topping and flip bias back to the downside towards the 1.5716 levels, further downside will aim the 1.5552 levels.
In all, the GBPUSD…Continue
The USDJPY continued its consolidation phase last week, a weekly close above the 99.27 levels is likely to add pressure on the 100.86/101.52 levels, to resume rise from the 95.80 levels , the pair needs to clear the 101.52 levels to open 103.73 levels, a breach will have large bullish implication towards the 108.21 levels, further upside will aim the 112.30 levels.
On the the downside, stability below the 99.27 levels , will confirm rejection from the 101.52 levels,and It's likely to…Continue
Added by Haitham653 on September 30, 2013 at 7:07am — No Comments