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GBPUSD - Caveat Emptor

GBPUSD - Caveat Emptor

Trade Recommendation

  1. Intraday Traders - Short GBPUSD around 1.6670 for target of 1.6590 and Stop loss 1.6710
  2. Risk Averse Positional traders - Should initiate…
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Added by Omkar Godbole on February 20, 2014 at 4:55am — No Comments

TRADING LEVELS-GOLD-20.02.2014

TRADING LEVELS
GOLD
H-1316.10-L-1302.20
BUY-1310.10/1308.40/1306.80/1304.60-SELL-1311.80/1313.30/1315.60
BUY>1316.10-SELL<1302.20

Added by Muthusamy on February 20, 2014 at 3:02am — No Comments

Daily Forex Trading Commentary - Wednesday 19th February 2014

GBP/USD - Price Stalls Above Dynamic Support

Price stalled today above dynamic support as it showed a little rejection of the 8-day EMA. We would have liked to see a more obvious price action signal occur from here before buying but equally we would not be surprised to see price push higher from here into the end of this week as the uptrend regains momentum. The alternative scenario would be a deeper retracement back down to 1.6600, something we need to be acutely aware of as this…

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Added by Lewis Barber on February 19, 2014 at 11:32pm — No Comments

Westpac - We are predisposed to selling EUR/USD on strength

Westpac - "EUR/USD seemed to satisfy the consensus early in the new year, settling into a low intensity decay from 1.38 to sub-1.35 in Jan. However, price action in Feb has seen those losses completely unwound. There are four key near term (inter-related) themes for EUR/USD: 1) the complexion of the US data; 2) the complexion of the Eurozone data; 3) the prospects for ECB easing; and 4) developments in the periphery. We assess that on balance the positives outweigh the negatives. We quantify…

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Added by Francesc Riverola on February 19, 2014 at 4:57pm — No Comments

usd/jpy (revised order)

Yellow and good day to you from Nigeria, this is the high time to long usd/jpy@ 101.80 for 103.

Added by ashafa on February 19, 2014 at 4:37pm — No Comments

usd/jpy (revised order)

Yellow and good day to you from Nigeria, this is the high time to long usd/jpy@ 101.80 for 103.

Added by ashafa on February 19, 2014 at 4:37pm — No Comments

usd/jpy

Yellow and good day from Nigeria this is the high time to short usd/ jpy @ 102.10 for 101.20

Added by ashafa on February 19, 2014 at 3:01pm — 1 Comment

EUR/USD Feb. 19 – Steady Ahead of Key US Releases, FOMC Minutes

EUR/USD is showing little movement in Wednesday trading, as the euro continues to look sharp after gains on Tuesday. In Wednesday’s European session, the pair is trading in the mid-1.37 range. Today’s sole release out of the Eurozone is the German 10-year Bond Auction. It will be a busy day over in the US, with the release of two key events – Building Permits and the Producer Price Index. As well, we’ll get a look at the…

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Added by Yohay Elam on February 19, 2014 at 11:15am — No Comments

Daily Technical Strategist On AUDUSD

AUDUSD: Faces Consolidation Threats.

AUDUSD: With the pair’s failure to recapture the 0.9085 level triggering price consolidation, more downside pressure could be building up. Support lies at the 0.8926 level and then the 0.8900 level. However, in case it fails to follow through lower, expect AUDUSD to retake the 0.9080/5 levels. A cut through here will resume its short term uptrend towards the 0.9150 level where a break will pave the way for a run at the 0.9200 level and subsequently…

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Added by fxtech on February 19, 2014 at 9:27am — No Comments

AUDUSD Elliott Wave Analysis: Faces Resistance

AUDUSD is testing last week highs, so it seems that pair is still moving up in wave (v) of C, final leg of the pattern that is expected to form a top for n this week. We are tracking a flat correction labeled from mid-December that is a contra trend movement, thus it suggests more weakness for on the Australian dollar in weeks ahead. Ideally price will turn impulsively back to 0.8900 that will put pair in bearish mode.

AUDUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on February 19, 2014 at 9:26am — No Comments

Position trade using price action on 18th February.

GPBUSD 1 Hour.

I posted a trade earlier today on EURJPY 3 Min. Since the rules of price action are fractal they apply on any time frame. Here is a trade taken off the 1 Hour Chart. The point to make here is that the rules of price action are always clear. Whereas the…

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Added by Constantine on February 19, 2014 at 8:30am — No Comments

TRADING LEVELS-SILVER-19.02.2014

TRADING LEVELS
SILVER
H-21.80--L-21.62
BUY-21.65-SELL-21.73/21.78
BUY>21.80-SELL<21.62

Added by Muthusamy on February 19, 2014 at 8:17am — No Comments

EURUSD Daily Forecast 19 02 2014

Added by Naveed Anjum on February 19, 2014 at 7:52am — No Comments

Move stops of GBP/USD sell trade from 1.6705 to break even.

We sold GBP/USD from 1.6705 yesterday and our stop loss was set at 1.6755. Stop loss wasn’t hit and now we have a floating 13 pips of profit. I suggest moving your stop loss order to break even and waiting for the profit target at 1.6620. In case the price starts moving in a whipsaw pattern, it’s better to stay on the safe side.

 

EUR/USD is also moving north without even falling back and I suggest buying this pair on dips. One such opportunity is just near 1.3713 level (daily…

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Added by Thom Grey on February 19, 2014 at 7:42am — No Comments

Gold Daily Forecast 19 02 2014

Added by Naveed Anjum on February 19, 2014 at 6:34am — No Comments

FOREX forecast 19.02.2014

EUR continues to move in a narrow range, seems that the mixed Germany's data doesn't influence the pair at all. Again the EUR benefits of the bad US data than any good news from the EU zone. Today is the FOMC will be released later through the american session and until that a consolidation with bullish tone will present. Today we shall test 1.3775 once again and if broken the pair will try to close above 1.3800 and to open the way for testing 1.3830 and 1.3880-95. 

GOLD is correcting…

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Added by Vladimir Mihaylov on February 19, 2014 at 6:21am — No Comments

GBPUSD Daily Forecast Feb 19

The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6654 levels . Now pressure will be on the 1.6654 levels.

The GBPUSD will have to hold below the 1.6554 levels on a daily closing basis to push the market for further downside losses , If seen , It will target the 1.6625 levels where a breach will turn focus on the 1.6425 levels.

Alternatively , a failure to hold below the 1.6654 levels, could mean a return to the 1.6740…

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Added by Haitham653 on February 19, 2014 at 6:00am — No Comments

EURUSD Intraday Forecast Feb 19

Recommendations: LONG positions above 1.3722 with 1.3780 & 1.3830 as next targets.

Alternative scenario:The downside breakout of 1.3722 will call for a slide to 1.3680/1.3650.

Description: Intraday outlook in EURUSD is on the upside with risk towards 1.3780 ahead of 1.3830 levels as long as support 1.3722 holds on hourly basis , break of 1.3830 will open 1.3892 next .On the downside ,losing the 1.3722 levels on…

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Added by Haitham653 on February 19, 2014 at 5:49am — No Comments

AUD/USD DAILY as of Wednesday, 19 February, 2014

 

*** Intra-Daily Trading Strategy: SELL Australian Dollar / US Dollar

Sell Target: 0.8990  

Sell Stop:    0.9052

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…

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Added by Martin Kay on February 19, 2014 at 5:14am — No Comments

TRADING LEVELS-GOLD-19.02.2014

TRADING LEVELS
GOLD
H-1325.50-L-1317.30
BUY-1317.70-SELL-1318.90/1321.20/1323.60
BUY>1325.50-SELL<1317.30

Added by Muthusamy on February 19, 2014 at 4:06am — No Comments

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