GBPUSD – Hope for a breakout after US GDP
Added by Omkar Godbole on January 30, 2014 at 7:14am — No Comments
Added by Carol Harmer on January 30, 2014 at 7:08am — No Comments
FED's decision has totally freezed the market, the decision was as expected and EUR/USD showed no reaction at all. We had a false break of 1.3640-50 area yesterday, and currently the EUR is trading into this area. The situation is quite difficult to forecast, for now the pair moves with a bearis tone and this is since the beginning of the week. At H1 and H4 the pair is going to make some correction to the upside. but seems lacks enough power even to test the 1.3700. H4 also shows we may test…Continue
Added by Vladimir Mihaylov on January 30, 2014 at 6:08am — No Comments
*** Intra-Daily Trading Strategy: SELL Euro Dollar / British Pound
Sell Target: 0.8241
Sell Stop: 0.8258
Enter New SELL on OPEN and exit SELL 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…Continue
Added by Martin Kay on January 30, 2014 at 3:13am — No Comments
Added by Muthusamy on January 30, 2014 at 2:59am — No Comments
In this brief post I share a brief daily review for the EUR/USD forex pair.
The Euro is still showing a fierce battle between bulls and bear on several timeframes.
Added by FibStalker on January 30, 2014 at 2:54am — No Comments
The AUDUSD maintained a bearish momentum yesterday , topped at the 0.8825 levels and bottomed at the 0.8725 levels. This development leaves the pair targeting the 0.8659 levels , a cut will turn focus on the 0.8585 levels , further more will aim the 0.8390 levels.
On the upside , stability above the 0.8725 could mean a return to the 0.8825/0.8850 levels , break of 0.8850 will signal short term bottoming , If seen the pair is likely to recapture the 0.8915 levels , a halt is suggested…Continue
Added by Haitham653 on January 30, 2014 at 1:00am — No Comments
Added by Pip Logic on January 29, 2014 at 11:26pm — No Comments
The Crude Oil market dropped a bullish pin bar from key support today and we see very high potential for this market to push higher from here. We have posted our live trade in the member's forum so please check it out for details of our entry, stop-loss and take profit.…Continue
Added by Lewis Barber on January 29, 2014 at 10:39pm — No Comments
Added by ashafa on January 29, 2014 at 9:34pm — No Comments
Turkey's central bank finally used its most radical and effective weapon -- an interest rate hike -- in its fight with a recklessly depreciating lira on Tuesday evening, a move much larger than market expectations and one analysts saw as belated.
The lira jumped to 2.1650 per dollar from 2.2530 before the move, but the lira was down again in the late afternoon on Wednesday at 2.255 against the dollar due to growing concerns in the emerging markets. Analysts warn that the rate hike…Continue
Added by Ron Schelling on January 29, 2014 at 7:30pm — No Comments
EURUSD reversing from 1.3600 intraday low. Now this looks like a zigzag from the high which means that EURUSD could retest 1.3740 before turning bearish. Generally speaking structures on EURUSD are not clear and difficult to trade; I am staying away from it.
EURUSD 30min Elliott Wave Analysis
A closer 15min wave look on USDJPY. I see bearish impulse in action with prices moving down in wave iii that may look for a support around 101.50/70 zone ahead of…
Added by Gregor Horvat on January 29, 2014 at 4:25pm — No Comments
Currently we are at 84.67 in a bear flag. We are looking for a break and then a continuation to the 1 .618 Fib extension area @ 84.15 – with a further target at 84.00. The average daily true range (ATR) for the pair currently is 91 pips.…Continue
Added by Scott Barkley on January 29, 2014 at 2:04pm — No Comments
Today is a relentless down trend. All buy signals have been poor , trapping in bulls and failing with stops being constantly hit. We finally get a strong bull candle slowly leading to a break of the final down channel line. By that time we had one lower time frame High -H1- which broke the…Continue
Added by Constantine on January 29, 2014 at 12:30pm — No Comments
Forex Abode: January 29, 2014: The FX Daily Dose presents a quick snapshot of the price-action of some of the currency pairs in focus for the immediate and medium-term outlook.
The Crude Oil maintained a bullish momentum yesterday , bottomed at the 95.59 levels .This development leaves the pair targeting the 97.80 levels where a breach is very likely , If seen , it will turn focus on the 98.50 levels , further out will aim the 99.30 ahead of 100.73 levels.
On the downside , support comes at the 95.59 levels , losing this level on a daily closing basis would turn outlook neutral and bring a slide to the 93.89 levels, a halt is suggested , but further losses…Continue
Added by Haitham653 on January 29, 2014 at 12:00pm — No Comments
Markets did not go far away during Asian trading hours. We have seen some upside price action on the S&P Futures but still within a context of a corrective retracement. A bearish reversal to the downside is expected which should help JPY to find a bid, particularly against the USD.
On the hourly chart of the S&P March contract I see nice upward pullback which looks corrective. I labeled it as wave iv) within larger five waves of decline. A move lower here should send USDJPY…
Added by Gregor Horvat on January 29, 2014 at 9:44am — No Comments