Added by Francesc Riverola on May 16, 2013 at 10:41am — No Comments
GOLD accelerated lower in the last couple of days after a fall through the lower side of a trading channel connected from 1320. So we turned bearish on gold again as we want to go with the current sentiment. In fact, price fell well below the base channel support line yesterday and made a daily close beneath 1400 which is very important sign for a wave three of three sell-off. As such, we think that gold will move even deeper in sessions ahead, towards 1360/65 in the near-term and then even…Continue
Added by Gregor Horvat on May 16, 2013 at 9:00am — No Comments
USD/JPY has been in sideway moves for last couple of days, making Yens bit dicey to trade. Current price action indicate continuation of Corrective move in overall Bullish trend for JPYS.
For Intraday traders, Sell at tips.
Added by Sardar Uddin on May 16, 2013 at 8:00am — No Comments
16 -5-2013 today EURUSD trade we look to buy @1.2755/60 stop 1.2686 target 1.2950 and a break above 1.2950 will move euro to 1.3020. but If EURUSD could not fall to 1.2750 i suggest buy above 1.2945 stop25pip target 1.3015
Added by peter tec on May 16, 2013 at 7:44am — No Comments
Cable is at a horizontal level with continuation divergence and looks like it could move to the upside, before we see price stall and create a head and shoulders pattern.Continue
eur/usd buy 2921 sell 2814
usd/jpy buy 10252 sell 10153
spy buy 1669 sell 1652
apple buy 438 sell 417
Added by Jon Sproule on May 16, 2013 at 6:24am — No Comments
US Dollar / Japanese Yen broke above the down trendline at 100.77, five days ago. This is a bullish sign. This down trendline, currently with an ending point at 99.73, may now provide downside support with prices having only risen 1.46% since the breakout, the validity of the breakout is questionable. The most recently confirmed up trendline for US Dollar / Japanese Yen has an ending point currently at 97.99. Expect prices to have some difficulty falling below this…Continue
Added by Martin Kay on May 16, 2013 at 6:16am — No Comments
Another day - another fall, deeper and deeper we go and seems there is no end. First test of 1.2850 was unsuccessful, there was only about 30 pips pullback for now and maybe another test will follow today, breaking of 1.2850 will lead us quickly to 1.2730-1.2700. Weekly indicators are negative and heavily point to the downside with first target 1.2760. Daily indicators show that soon a correction will follow. H4, H1 and smaller frames show that correction is trying to begin. The correction…Continue
Added by Carol Harmer on May 16, 2013 at 4:38am — No Comments
AUD/USD weekly chart, currently we have:
- Trendline support is around 0.9860
- SMA 200w also lies at this level
- 0.9850 was once a critical resistance
The pair is forming a pennant pattern and the price has been hovering around key supports for 2 days. Given that the chance could happen just once a year, why not take a risk to buy a rebounce up to 1.0150?…
I take no responsibility and claim that these trades would Result in profit.Sound Money management is Required.
Added by Usman Pervez on May 15, 2013 at 10:34pm — No Comments
A pinbar is one of the best reversal candlestick.
In this case I have choosed the EJ pair in the 1 hr. time frame. We use the pinbar and the Aligator to generate valid signals. You have to remember that the most simple trading systems/stregies are the most viable. Enter at the close of the pinbar if the close is under the Aligator. In this case the aligator have the mouth closed, which signals a consolidation, the pinbar signals a reversal. We see that after the entry the aligator…Continue
aud/cad intraday analysis buy@ 1.0060, sl@ 1.0030, tp@ 1.0130, estimated time 45 hours.
a trailing stop is suggested to use.…Continue
Added by Market Analyst on May 15, 2013 at 3:32pm — No Comments
As in one of the comments my dear fellow mentioned Haitham and Vladimir i would like to thank them both for there analysis because from there i started to learn things.I also did talked to them and with their guidance i started working on things.All of this i am saying is just because i follow the same methods those guys do as i learn from them.
Well as we all know that the market is moved by the combination of people.So what i suggest is to look for the long term trend and go…Continue
ANZ - "Slippage from 1.5600 may seem relatively sharp, but the broader profile remains that of defining a trading range after the slump to 1.4830-50 in March. The 1.5125-1.5225 area ought to hold and provide support for a secondary push towards the 1.5750-75 area."…Continue
Added by Francesc Riverola on May 15, 2013 at 10:33am — No Comments
Westpac - "USD strength has been a key theme of late. The bulk of its gains however have been posted against a motley bunch of currencies. In the last month USD strength has been concentrated primarily against the likes of AUD, SEK, NZD and CHF. Over the last week JPY, NZD, AUD and CHF have ceded the most ground to the USD. EUR on the other hand, while lower over both the last week and month against the USD, has weathered the USD’s rally comparatively well.
(...) Our longer term…
Added by Francesc Riverola on May 15, 2013 at 10:02am — No Comments
eur/usd sell 2996 sell 2869
usd/jpy buy 10279 sell 10154
spy buy 1661 sell 1642
apple buy 450 sell 435
Added by Jon Sproule on May 15, 2013 at 9:33am — No Comments