All Blog Posts (20)

AUDUSD: Focus Turns To The 0.7197 Level

AUDUSD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday. On the downside, support comes in at the 0.7197 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. Its daily RSI is bearish and pointing lower…

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Added by fxtech on October 21, 2015 at 12:39pm — No Comments

GBPUSD: Faces Further Bear Pressure, Eyes 1.5382 Level

GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level. A violation of here will clear the way for a run at the 1.5550 level. Further out, resistance resides at the 1.5600 level followed by the 1.5500 level. Its daily RSI is bullish and pointing higher suggesting further strength.…

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Added by fxtech on October 21, 2015 at 5:20am — No Comments

China's GDP Growth Falls below 7 Percent, but by How Much?

China joined the United States and Japan in relative decline in the third quarter leaving the European Monetary Union as the sole major economic bloc expecting stronger economic growth in 2015.

Gross domestic production expansion in the world’s second largest economy dropped to a 6.9 percent annual rate, better than the 6.8 percent forecast, but still the slowest pace since the financial crisis. It was the second weakest quarterly average in more than 20 years. Since 1992 only the…

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Added by Joseph Trevisani on October 20, 2015 at 4:00pm — No Comments

USDJPY: Biased To The Upside On Bull Pressure



USDJPY: The pair’s recovery triggered off the 118.05 level on Oct 15 2015 remains intact and intact. The immediate risk is for USDJPY to retarget its range top at 121.23 zone. On the upside, nearby resistance stands at the 120.00 level. Above here will aim at the 120.50 level with a violation turning focus to the 121.00 level. Further out, resistance comes in at the 121.50 level and then the 122.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the…

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Added by fxtech on October 20, 2015 at 1:57pm — No Comments

GOLD: Bear Risk Builds Up On The 1156.74 Zone

GOLD: The commodity declined further on Monday opening the door for more weakness. GOLD continues to hold on its weakness triggered off the 1183.80 level on Oct 15 2015. On the downside, support comes in at the 1160.00 level where a break will aim at the 1150.00 level. A cut through here will open the door for move lower towards the 1130.00 level. Below here if seen could trigger further downside pressure towards the 1115.00 level. Conversely, resistance resides at the 1190.00 level where a…

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Added by fxtech on October 20, 2015 at 6:09am — No Comments

AUDUSD: Weak, Risk Builds On The 0.7197 Level

AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0.7300 level. A cut through here will turn attention to the 0.7350 level and then the 0.7400 level where a violation will set the stage for a retarget of the 0.7450 level. On the downside, support resides…

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Added by fxtech on October 19, 2015 at 8:16pm — No Comments

CRUDE OIL: Susceptible But With Caution Above 45.21 Level



CRUDE OIL: The commodity may have closed lower the past week and reversed most of its previous week gains but on the daily chart it has put in a temporary bottom. This could trigger further recovery in the new week. On the downside, support resides at the 47.00 level where a break will expose the 46.00 level followed by the 45.00 level. A cut through here will aim at the 44.00 level. Conversely, resistance is located at the 48.00 levels where a break will expose the 49.00 level. A break…

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Added by fxtech on October 19, 2015 at 5:06am — No Comments

EURUSD: Sets Up For More Bear Pressure

EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1.1300 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level with a turn below that level targeting the 1.1200 level. Below here will shift attention to the 1.1150 level. Conversely,…

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Added by fxtech on October 18, 2015 at 7:36pm — No Comments

EURJPY Remains At Risk Below The 136.96/137.44 Area

EURJPY: The cross took back most its previous week gains to close lower on Friday. This development leaves it vulnerable to the downside in the days ahead. While holding below the 136.96/137.44 zone,its key overhead resistance, risk remains lower. Support comes in at the 135.00 level where a break will aim at the 134.50 level. A turn below here will target the 134.00 level with a breach turning focus to the 133.50 level. Its weekly RSI is bearish and pointing lower suggesting further…

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Added by fxtech on October 18, 2015 at 7:04am — No Comments

USDCHF Extends Bearishness For Third Week In A Row

USDCHF: The pair extended its weakness for a third week in a row the past week following its loss of upside momentum at the 0.9845 level in Sept 2015. This leaves room for more weakness with eyes on its nearby support located at the 0.9527 level. This level is key to further weakness as USDCHF must break and hold below that level to extend its short term weakness. On the downside, support comes in at the 0.9450 level. A turn below here will open the door for more weakness to occur towards…

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Added by fxtech on October 17, 2015 at 4:49am — No Comments

FOREX forecast 29.06.2015 - 03.07.2015

EUR dropped once again following the failure to reach any agreement between Greece and European partners. Prepare for another drop tomorrow evening when is the deadline for Greece to pay the money. This week we have plenty of economic data but it all doesn't matter in the current situation. Markets are close to a panic state, and you should be extremely careful. If Greece is kicked out of the eurozone, EUR will drop dramatically to 1.04 and even below 1.0000 and GOLD will be reborn with…

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Added by Vladimir Mihaylov on June 29, 2015 at 5:13am — 1 Comment

FOREX forecast 08.06.2015-12.06.2015

EUR consolidates again just above the important support 1.1050 after Friday's drop caused by a lot better than expected US NFP. The situation right now is quite difficult to forecast because the chances of going up again or break below 1.1050 are almost equal. Today some data from Germany will be released and the expectations are for worse values than previous, this will prevent the EUR from going up i think. On Thursday US jobless claims will be released and some more economic data for the…

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Added by Vladimir Mihaylov on June 8, 2015 at 5:20am — 1 Comment

Boursajee Club Indices Reading for 02/06/2015.

FTSE-100: expected trading R 7.160 & S 6.890, bullish, more accurate financial forecast order on boursajeeclub.com.

DAX-30: expected trading, R 11.850 & S 11.240, waiting 4 bullish entry , 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 18.280 & S 17.840, bearish , more accurate financial…

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Added by Pierre Chahine on June 2, 2015 at 1:13pm — No Comments

Boursajee Club Commodities Reading for 02/06/2015.

Gold: expected trading, R 1224 & S 1162, waiting 4 bearish entry, more accurate financial forecast order on boursajeeclub.com.

Silver: expected trading, R 17.80 & S 15.60, waiting 4 bearish entry, more accurate financial forecast order on boursajeeclub.com.

Oil: expected trading is R 62.80 & S 56.10, bearish, more accurate financial forecast order on boursajeeclub.com.



Brent: expected trading, R 68.40 & S 61.20,bearish .more accurate…

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Added by Pierre Chahine on June 2, 2015 at 1:09pm — No Comments

Boursajee Club Currencies Reading for 02/06/2015.

Boursajee Club Currencies Reading for 02/06/2015.

EUR/USD: expected trading, R 1.1120 & S 1.0780, waiting 4 bearish entry, more accurate financial forecast order on …

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Added by Pierre Chahine on June 2, 2015 at 1:00pm — No Comments

We all have heard of the Millions people have made trading stocks and Forex. However, the question is which on is better. It reminds me of the Apple and Samsung Fan boys, who claim their device and p…

We all have heard of the Millions people have made trading stocks and Forex. However, the question is which on is better. It reminds me of the Apple and Samsung Fan boys, who claim their device and platform are the best.

Before I had a system trading Forex was extremely difficult for me. Like all the other traders I would let my trade ride 30-40 maybe even 100 pips before I would off for a mere 3-4 pips. Or I would scalp and make 1-2 pips after the dreaded spread.…

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Added by Sherryqmalik on June 2, 2015 at 12:57pm — 4 Comments

$EURJPY- next target?

Currently we are at 137.61. We are looking for a continuation to the 1.618 Fibo Resistance area @ 138.46 which should produce the head of a head and shoulders pattern.  The average daily true range (ATR) for the pair currently is 126 pips.…

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Added by Scott Barkley on June 2, 2015 at 12:38pm — No Comments

daily technical strategist on AUDUSD

AUDUSD: Turns Higher On Strength

AUDUSD: With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level if seen will set the stage for a run at the 0.7550 level. A cut through here should target further downside towards the 0.7500 level. On the upside, resistance lies at the 0.7800 level. A cut through here will turn attention to the 0.7850 level and then…

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Added by fxtech on June 2, 2015 at 9:26am — No Comments

EURUSD Daily Forecast Jun 02 2015

Outlook in EURUSD remains neutral as long as 1.0928/1.0870 support holds on a daily closing basis, resistance comes at the 1.1000/1.1061 levels, a halt is likely but a break would open 1.1151 before the next fall. However, a clear break above the 1.1151 levels will extend recovery towards the 1.1326 levels before the next fall..

On the downside, support comes at the 1.0928 levels ahead of the 1.0870 levels (main), a clear break -sustained breakout – below the 1.0870 levels will…

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Added by Haitham653 on June 2, 2015 at 6:12am — No Comments

Support & Resistance for EUR/USD (SIGNAL)

For today

R4 - 1.1153

R3 - 1.1062

R2 - 1.1043

R1 - 1.1015

SPOT 1.0954

S1 - 1.0924

S2 - 1.0868

S3 - 1.0819

S4 - 1.0732

SHORT AT 1.0930 FOR 1.0735; STOP AT 1.1015

How to trade support & resistance levels

To see more ideas, check my blog

Or…

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Added by Andrius on June 1, 2015 at 8:08pm — No Comments

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