No recent posts due to an intense, info filled, comprehensive article for FX Trader Magazine site on upcoming RBNZ June 11. Cut or on hold for RBNZ is found predominately in CPI Inflation Tradables Vs Inflation Non Tradables. This relationship historically since 1985 NZD Free Float is seriously deficient and misaligned. How this corrects is a mystery unless New Zealand Exports their way out or maybe the world rights itself. But Tradable deficiency caused Import and Export prices…Continue
Intraday outlook in GBPUSD has turned neutral with risk to the downside, resistance comes at the 1.5413 levels, sustained breakout – 4 hour – closing above the 1.5413 levels will suggest short term bottoming around 1.5353 levels and put the pair in recovery mode, If seen, focus will shift on the 1.5528 levels before the next fall, However; a clear break above the 1.5528 levels will extend recovery towards the 1.5700 levels ….
On the downside, a failure to hold above the 1.5413 levels…Continue
Added by Haitham653 on May 27, 2015 at 4:44am — No Comments
Outlook in EURUSD remains on the downside as long as 1.0959 resistance holds on a daily closing basis, support comes at the 1.0845 levels , sustained trading – daily closing – below the 1.0845 levels will target 1.0665 next, a halt is very likely but further down will pave the way towards the 1.0461 levels.
On the upside, resistance comes at the 1.0959 levels , a clear break will turn outlook neutral and open the 1.1061/1.1151 levels before the next fall…
In all, as long as…Continue
Added by Haitham653 on May 27, 2015 at 4:42am — No Comments
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5450
Buy Stop: 1.5285
Enter New BUY on OPEN and exit BUY 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 INTRA-DAY TRADING…Continue
Added by Martin Kay on May 27, 2015 at 3:02am — No Comments
FTSE-100: expected trading R 7.090 & S 6.780,bearish, more accurate financial forecast order on boursajeeclub.com.
DAX-30: expected trading, R 11.880 & S 11.480, bearish , more accurate financial forecast order on boursajeeclub.com.
S&P-500: expected trading, R 2180 & S 2010, bearish, more accurate financial forecast order on boursajeeclub.com.
DJ-30: expected trading, R 18.180 & S 17.840, bearish , more accurate financial forecast order on…Continue
Added by Pierre Chahine on May 26, 2015 at 6:54pm — No Comments
Gold: expected trading, R 1208 & S 1162, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
Silver: expected trading, R 18.10 & S 16.10, waiting 4 bearish entry, more accurate financial forecast order on boursajeeclub.com.
Oil: expected trading is R 60.40 & S 56.10, bearish, more accurate financial forecast order on boursajeeclub.com.
Brent: expected trading, R 66.40 & S 61.20,bearish .more accurate…
Added by Pierre Chahine on May 26, 2015 at 6:47pm — No Comments
Boursajee Club Currencies Reading...for 26-27/05/2015.
EUR/USD: expected trading, R 1.1080 & S 1.0680, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
GBP/USD: expected trading, R 1.5540 & S 1.5210, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
USD/JPY: expected trading, R 124.80 & S 121.80, waiting 4 bearish entry, more accurate financial forecast order on…Continue
Added by Pierre Chahine on May 26, 2015 at 6:36pm — No Comments
USDJPY: Bullish, Extends Strength
USDJPY: With the pair bullish and extending it during Tuesday trading session, it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye on that level. On the upside, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. A break will target the 124.00 level. Further out, resistance comes in at the 124.50 level. Its daily RSI is bullish and pointing higher…Continue
Added by fxtech on May 26, 2015 at 3:53pm — No Comments
Currently we are at 1.2392. We are looking for a continuation to the Resistance area @ 1.2412 with an overall target @ 1.2550. The average daily true range (ATR) for the pair currently is 114 pips.…Continue
Added by Scott Barkley on May 26, 2015 at 12:54pm — No Comments
BUY USDJPY AT 121.62 SL 121.40 TP 122.02
Added by A PRASAD REDDY on May 25, 2015 at 5:56am — No Comments
EUR has closed last week at 1.1000 level, currently it trades a little below it but we have a good support at 1.0960-80 area where is the Daily Senkou Span B price of the negative cloud. This serves as a strong support line. I do not expect this to be broken easily because this week's economic data not seem much dollar positive. Today is a non-working day in Germany, UK and USA, and some other countries and the markets will remain closed, so i expect low volatility and tiny range moves for…Continue
Added by Vladimir Mihaylov on May 25, 2015 at 5:00am — No Comments
A big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the…Continue
Added by Martin Kay on May 25, 2015 at 3:56am — No Comments
EURUSD: Reverses Gain, Eyes More Weakness
EURUSD: With EUR reversing its previous week gains to lower on a sell, further weakness is envisaged. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Conversely, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850…Continue
Added by fxtech on May 24, 2015 at 4:58pm — No Comments
As you can see from the daily chart below, price has been in a range (91.85 - 88.00) since mid Feb. Also note that the 200 SMA has done a pretty decent job of acting as a s/r level during the last few months. I am interpreting price action during the last 10 days as break below the SMA followed by a few retests, the last one being on Fri. My downside bias is further strengthened by the bearish pin bar formed on Friday.
To be fair, it is certainly possible for price to stay within the…Continue
Added by Oasis on May 23, 2015 at 9:34pm — No Comments
The average of 6 major spot currency pairs against the USD.
More charts on: www.2hedge.com/mmfxtrend.html
Added by Ron Schelling on May 23, 2015 at 7:07pm — No Comments
Major pairs and cross-rates strength and weakness compared to 1 week ago.
Added by Ron Schelling on May 23, 2015 at 7:06pm — No Comments
USDCHF: Reverses Losses, Targets Further Upside
USDCHF: With the pair closing higher for the week, further bullish is likely. Resistance resides at the 0.9500 level with a breach targeting the 0.9600 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then…Continue
Added by fxtech on May 23, 2015 at 4:49pm — No Comments
Added by Futuristic on May 23, 2015 at 2:49pm — No Comments