MARKET UPDATE 04-12.2013
EUR/USD: Sell below 1.3595,TP1.3548/25,SL1.3625,BOB1.3630
GBP/USD: Sell Below 1.6395,TP1.6360/45,SL1.6410,BOB 1.6415
GOLD: Buy above1220,TP 1227/33,SL125,BOB 1213
CL: Buy above97.10,TP97.55/70,SL96.70,BOS96.65
USD/JPY: Buy above 102.42,TP102.75/90,SL102.20,BOS102.10
GBP Services PMI 2.30pm, US ADP Non-Farm Employment Change 6.15pm, US Trade Balance 6.30pm, US ISM Non-Manufacturing PMI and New Home Sales at 8…
Added by Usman Ali on December 4, 2013 at 6:39am — No Comments
EURUSD: Downwards To 1.3511
Trading Tip: Below 1.3622 Take Short Positions @ 1.3610 For 1.3537-1.3511
USDJPY: Downwards To 101.98
Trading Tip: Below 103.38 Take Short Positions @ 102.86 for 101.98…Continue
Added by Ashok Kumar Shah on December 4, 2013 at 6:30am — No Comments
The GBPUSD recovered its losses yesterday , printed support at 1.6342 levels, this development leaves the pair targeting the 1.6440 levels where a breach is very likely , If seen it will target 1.6495 first ( June 2011 high ) strong resistance could be seen , and we might see reversal to the downside, but sustained trading above 1.6495 would target 1.6617 next ( Aug 2011 high) , above 1.6617 would target 1.6745 (Apr high 2011).
On the downside , support comes at 1.6342 levels,If…
Added by Haitham653 on December 4, 2013 at 6:01am — No Comments
hello all broo....... buy audusd 4hr close above 9071 with s/l 9040 ... and t/p 1- 9167.... t/p 2- 9243...... t/p 3- 9369......... trade safe ........ anil chauhan
Added by anil chauhan on December 4, 2013 at 5:14am — No Comments
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6381
Sell Stop: 1.6406
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 Carol Harmer on December 4, 2013 at 4:51am — No Comments
The EURUSD maintained a bullish momentum yesterday , printed support at 1.3523 levels. This development leaves the pair targeting the 1.3620 levels where a breach is very likely ,If seen It will target 1.3681 ahead of 1.3738 ,at this point I'd expect strong resistance from 1.3680/1.3738 levels to limit the current bullish run and bring reversal , but break of 1.3738 would challenge 1.3832 levels, sustained trading above 1.3832 will have large bullish implication towards 1.4025 ahead of…Continue
I will be doing double Live webinars today -04th december 2013.They are once a month live market tracking and trading webinars.
I will explain this time what could be the nature of market moves in this month and how the trades can be done viewing the volatility as big trading opportunities.
Part I - Tracking the Forex market together will be given between 09:00-09:45 GMT
Link to register:…Continue
Added by Dr. Sivaraman on December 4, 2013 at 4:23am — No Comments
Added by Carol Harmer on December 4, 2013 at 4:07am — No Comments
The Yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions.
The share of the Yuan in global trade finance has jumped from 1.89 percent in January 2012 to 8.66 percent in the form of letters of credit and collections in October 2013, the Society for Worldwide Interbank Financial Telecommunication (SWIFT)…
Added by Ron Schelling on December 3, 2013 at 3:42pm — No Comments
Currently we are at 0.9046 –waiting to see if we invalidate the inverse head and shoulders. If we continue in the channel look for a bearish continuation to the support area @ 0.8969 and the next target the day chart bottom @ 0.8916. The average daily true range (ATR) for the pair currently is 64 pips.…Continue
Added by Scott Barkley on December 3, 2013 at 1:56pm — No Comments
The prices of gold and silver tumbled down on the first day of the week. This may have been a strong correction to the sharp rise in bullion prices on Friday. Their recent drop coincided wit the moderate drop of the Euro against the USD. In the U.S, the manufacturing PMI rose again to 57.3 during November – a 0.9 percentage point compared…Continue
Added by Lior Cohen on December 3, 2013 at 12:39pm — No Comments
Good morning traders!
Traders paid a lot of attention to AUD during the Asian session after the RBA statement. Cash rate was unchanged at 2.5%, but AUD sold off after the comments that AUD is still uncomfortably high and that lower value is likely to be needed for economy. However recent sell-off on AUDUSD is already covered, but technically speaking we see pair moving sideways so we think that we have a deal with a larger correction, maybe a triangle that could be now in final stages.…
Added by Gregor Horvat on December 3, 2013 at 12:20pm — No Comments
We’re happy and proud to announce you that FXstreet.com has been nominated as finalist of the TraderPlanet STAR Awards 2013 for two of our most exclusive services:
AUDUSD unable to hold above 9140 & hit the 9100/95 target for a buying opportunity. We bottomed almost exactly here at 9086 & shot higher to 9130, but being unable again to beat 9140, saw the pair tumble for a retest of November lows at 9055/50.
This leaves a small double bottom in an oversold market which may trigger a small recovery in to the end of the week. Above 9100 is more positive & can target 9125, possibly 9145 today. The high this week is 9168…
EUR dropped to 1.3525-30 support yesterday following the better than expected data from the USA. Today we have no any important news releases, and the trade is going to be quiet and in yesterday's range. On H4 frame indicators show a little bit recovery but there is some resistance area at 1.3550-65. More upside we may see only on a H4 close above 1.3580. We have a wide support area between 1.3500 and 1.3530 so unless we have some EUR really negative news this is not going to be broken. On…Continue