BUY @ 1.3196 SL 1.3177 TG 1.3205,3215,3234,3252,3271
SELL@ 1.3158 SL 1.3177 TG 1.3149,3140,3121,3103,3084
BUY @ 1.5656 SL 1.5631 TG 1.5669,5681,5706,5730,5756,5782
Above i have added ucad weekly chart
current trade setup is long
u can see potential points
strategy is long from first bottom line and add another position if required
target area will b the upper red line
u can manage this…Continue
Added by UmairButt on September 9, 2013 at 9:18am — No Comments
Deutsche Bank - "Net implied USD longs bounced to 40% of open interest from 32% the week before, in line with the fight back in the broad dollar index and sell-off in US treasuries. The TFF report showed that hedge funds have increased their dollar exposure versus euro significantly over the past week. Net implied EUR long positions fell to 9% of open interest versus 16% the week before. Asset managers also extended their EUR short positions slightly.
Shorts were added to in GBP, CAD,…
Added by Francesc Riverola on September 9, 2013 at 9:06am — No Comments
The GBPUSD maintained a bullish momentum last week after bottoming at the 1.5426 levels, this development leaves the pair targeting the 1.5717 where a breach is very likely , above 1.5717 will target 1.5850 levels where reversal is likely to occur , however; break of 1.5850 on a weekly closing basis will pave the way towards the 1.6150 levels, further upside will aim the 1.6380 levels.
On the downside, support comes at the 1.5426 levels, to reverse risks to the downside , the…
Added by Haitham653 on September 9, 2013 at 9:00am — No Comments
EUR/USD outlook: Intraday 3167-85 is key level. Targets below are 3156, 3142, 3125, 3109 and 3086. Above targets are 3216, 3230, 3247 and 3262-74. Today’s sensible range is 3125-3185. If gold stays above 1385 and S&P stay above 1653, sensible range should be considered as 3142-3216/30. If USD/JPY remains below 99.24, positive momentum might be observed. If EUR/GBP is trending down below 8418 and…Continue
Added by Yasser Shivani on September 9, 2013 at 8:43am — No Comments
GBP/USD outlook: Intraday 5622-41 is key level. Targets below are 5594-83, 5568, 5542 and 5524. Above targets are 5664, 5680, 5700 and 5723. Today’s sensible range is 5568-5641/64. If gold stays above 1385 and EUR/USD stays above its key level of 3167-85, sensible range should be considered as 5594-5680/5700. If USD/JPY remains below 99.24, positive momentum might be observed. If EUR/GBP is trending above…Continue
Added by Yasser Shivani on September 9, 2013 at 8:42am — No Comments
1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- If the market rallies into resistance levels , a sell-off is expected.
3- If the market sells-off into support levels, a rally up is expected.
4-I highly recommend using divergences techniques, to find possible turning point during the week!
5- The recommended time frame , the 1 hour and below.
6- In trending market, to…
Added by Haitham653 on September 9, 2013 at 7:31am — No Comments
The AUDUSD maintained a bullish momentum last week, after taking out the 0.9071 levels, now focus will be on the 0.9232 levels, a breach will target the 0.9317 levels where halt is suggested, but sustained break above the 0.9317 levels will have large bullish implication towards the 0.9555 levels ahead of the 0.9660 levels.
On the downside , support comes at the 0.9115 levels, a consolidation or stability above this level is likely to recapture 0.9232 with a breach , but losing this…
Added by Haitham653 on September 9, 2013 at 6:11am — No Comments
MTG MARKET UPDATE 9.9.13
EUR/USD: Buy above 1.3160,TP1.3200/1.3220,SL1.3140,BOS 1.3133
GBP/USD: Buy above 1.5635,TP1.5680/5715,SL1.5600,BOS 1.5595
GOLD: Sell below 1390, TP1380/74, SL1398,BOB 1401
Crude Oil: Sell below 110.30,TP109.75/108,SL110.70,BOB110.80
USDJPY: Sell below 99.70 TP 99.30/99,SL 100 ,BOB 100.10
1. Remember to place here you calls for EURUSD price for Friday September 13 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: EURUSD at 1.3027
3. All forecasts must be…Continue
The USDJPY maintained some bullish momentum last week , but the upside move was rejected from the 100.86 levels as suggested in the previous forecast, however; the pair printed a new support at the 98.53 levels, stability above this level will build a pressure on the 100.86/101.52 levels, in other words a consolidation above the 98.53 may recapture 100.22 levels with a breach for testing 100.86/101.52 levels, break of 101.52 will have large bullish implication towards the 103.73…Continue
Added by Haitham653 on September 9, 2013 at 5:40am — No Comments
EUR has recovered from the recent drop to 1.3104, and currently is trading around the resistance 1.3170. It is quite possible the currency to try breaking to the upside, however any upside is limited by the 1.3220-30 strong resistance area. That area will not be broken easily, and for this we need a really positive news from EU or really negative news from the US. But we have quite good news comming over the atlantic, and the speculations about US strike over Syria support the strong dollar.…Continue
The GBPUSD traded sideways last week with some bullish momentum , resistance is at the 1.5646 levels, the GBPUSD will have to hold above the 1.5646 levels on a daily closing basis to push the market for further upside gains, If seen, the pair is likely to recapture 1.5717 with a breach , next resistance is at the 1.5750 levels, a breach will target the 1.5810 ahead of the 1.5880 levels, further upside will target the 1.6090 levels.
On the downside , support comes at the 1.5562…
Added by Haitham653 on September 9, 2013 at 5:00am — No Comments
Added by Y.R.Gajjar on September 9, 2013 at 4:23am — No Comments
Added by Futuristic on September 8, 2013 at 10:48pm — No Comments
In ourlast week’s commentary on the AUDNZD, we discussed the pin bar formation of a key resistance level on the daily chart explaining that price was expected to trade lower towards the dynamic support level on the daily…Continue
Added by Henry nnalue on September 8, 2013 at 9:30pm — No Comments
The EURUSD maintained some bearish momentum last week , printed a new resistance at the 1.3222 levels, and found a temporary support at the 1.3107.
On the the downside, stability below 1.3222 on a daily closing basis would add pressure on the 1.3107 levels, losing the 1.3107 will extend weakness towards the 1.3066, at this point I still expect a strong support from the 1.3066 levels to contain fall from 1.3451 and bring reversal , but losing 1.3066 will turn focus on the 1.2992…
The EURGBP has been on a massive fall in recent weeks loosing over 200pips last week. as we enter into the new week, I would love to point out to us a bullish pattern that I teach in my internship. It emerged last Friday after price closed as a pin bar candle on…
Added by Henry nnalue on September 8, 2013 at 9:19pm — No Comments
GOLD: With GOLD closing higher to reverse its previous week gains the past week, further upside offensive is likely in the new week. Further out, resistance resides at the 1,416.00 level, its psycho level. A cut through here will aim at the 1,500.00 level, its psycho level. A cap may occur here and turn it lower but if that fails, more upside will develop towards the 1,550 level. Conversely, support stands at the 1,348 level with a break targeting the 1,300.00 level and then the 1,272.12…Continue
Added by fxtech on September 8, 2013 at 8:28pm — No Comments