Added by Jason Sen on September 30, 2013 at 6:53am — No Comments
MARKET UPDATE 30.09.13
EUR/USD: Sell Below 1.3500,TP1.3460/30,SL1.3530,BOB1.3540
GBP/USD: Sell Below1.6165,TP1.6125/6100,SL1.6190,BOB1.6200
GOLD: Buy above1336,TP1342/45,SL1330,andBOS 1328
#CL: Sell Below 101.75,TP101.25/101,SL102.10,BOB102.20
USD/JPY: Buy above 97.80,TP98.25/50,SL97.50,BOS97.43
EUR CPI Flash Estimate 2pm, US Chicago PMI 6.45pm
Sideways trading for today and tomorrow with possible upside attempt from 1.3450 for 1.3610 and above. Then close to Friday reverse to the downside maybe 1.3360 or below depending on economical data.
LONG EUR above 1.3450 SL 1.3435 TP 1.3560-1.3610-1.3660
SHORT EUR below 1.3430 SL 1.3450 TP 1.3360 and below
SHORT GOLD below 1325 SL 1330 TP 1300 and below
LONG GOLD above 1352 SL 1346 TP 1385-1400 and above
The GBPUSD continued its bullish momentum last week , but was rejected from the key resistance 1.6154, now pressure will be on the 1.6154 levels.
The GBPUSD will have to hold above the 1.6154 levels on a weekly closing basis to push the market for further upside gains,If seen ,It will target the 1.6396 levels where a breach will turn focus on the 1.6440 levels, further upside will aim 1.6750 levels.
Alternatively, a failure to hold above the 1.6154 levels could mean a return to…Continue
Added by Haitham653 on September 30, 2013 at 5:58am — No Comments
A 4th positive weekly performance in succession last week keeps the steady demand from July's low intact. GBPUSD is now testing the most positive levels traded for 8 months and with prices 'hugging' the upper end of both weekly and daily Keltner channels and the 13 day moving average supporting, we look for the upside to continue.…Continue
Added by Alan Collins on September 30, 2013 at 5:58am — No Comments
The EURUSD maintained a bullish momentum , printed a new support at the 1.3461 levels last week , this development leaves the pair targeting the 1.3577 levels where a breach is likely , If seen , it will target the 1.3711 levels, where a breach will turn focus on the 1.3785 levels, further upside with aim the 1.3870 levels.
On the downside , If 1.3461 fails on a daily closing basis, expect the market to weaken towards the 1.3325 levels , further downside will aim the 1.3243 levels…Continue
The EURUSD failed to break above the 1.3568 levels last week, so more consolidative trading is suggested below this level, to resume its upside offensive , the the pair will have to hold above the 1.3568 levels on a weekly closing basis , If seen ,It will target the 1.3785 levels where a breach will turn focus on the 1.4280 levels, further upside will aim the 1.4400 levels.
On the downside , a failure to hold above the 1.3568 levels could mean a return to the 1.3325 levels, a halt is…Continue
Added by Haitham653 on September 30, 2013 at 5:41am — No Comments
Added by muthusamy perisamy on September 30, 2013 at 2:05am — No Comments
Added by muthusamy perisamy on September 30, 2013 at 2:04am — No Comments
Added by ANDRES ALBERTO FERREYRA on September 30, 2013 at 12:09am — No Comments
CRUDE OIL: The commodity continues to weaken, leaving the risk of further downside expected in the new week. Support lies at the 102.00 level followed by the 101.00 level. A violation of here will aim at the 100.00 level and then the 99.00 level, its key psycho level. Its weekly RSI is bearish and pointing lower supporting this view. Resistance is seen at the 104.00 level followed by the 105.50 level where a violation will aim at the 106.50 level. Further out, resistance comes in at the…Continue
Added by fxtech on September 29, 2013 at 9:53pm — No Comments
Added by Abdul Rehman on September 29, 2013 at 7:54pm — No Comments
Ichimoku Kinko Hyo-equilibrium at a glance.
I am going to disclose here a few secrets of Ichimoku. This is a wonderfull trading system which will give very good results if it is use propperly. For a good use of Ichimoku a trader must also know the chart patterns and also a few of the most reliable candlestick patterns. This is not holly grail, this system will not generate 100% winning trades!
The chart patterns which must be learned are the usual reversal and continuation…Continue
The AUDUSD on the weekly chart formed two double pin bar candles of the 21ema dynamic level. This is the kind of pin bar setup I teach in my Forex Internship Course where price perpetually rejects a significant level. This setup indicates the emergence of a…Continue
Added by Henry nnalue on September 29, 2013 at 4:23pm — No Comments
EURUSD: Though closing almost flat the past week, EUR continues to retain its broader upside. Risk of a return to the 1.3700 level remains. Further out, resistance resides at the 1.3800 level followed by the 1.3850 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, on a reversal of its current upside it could recapture the 1.3451 level. A reversal of roles is likely to occur here and turn it higher. Support lies at the 1.3300 level followed by the 1.3200…Continue
Added by fxtech on September 29, 2013 at 3:47pm — No Comments