Today -14th April- I have explained in detail the session wise expected market moves and the levels in which the currencies could trade in this week.The recording of the webinar is available in the given below link:
We may witness more eitherway moves during…Continue
Added by Dr. Sivaraman on April 14, 2014 at 9:50am — No Comments
ECB President Draghi took clear aim at the EUR on Saturday by remarking that “a further strengthening of the exchange rate would require further stimulus”. The comments came following the spring meetings of the IMF and World Bank.…Continue
Added by Daologic on April 14, 2014 at 8:00am — No Comments
Although this pair was in a bullish trend, but unable to break the previous high1.6821. Buyers are exhausted now sellers will try their best to break the Bullish channel. If this pair breaks 1.6585, then a more decline is expected.
In d1 graph candle pattern is also indicating a selling. Thursday,s candle was a spinning tops, Friday candle was closed in to bearish and today candle is expected to close in bearish trend also.
While most of us were enjoying the weekend, Mario Draghi – the ECB president – hold a press conference in Washington DC. The key of his statement was that a further strengthening of the euro exchange rate would require more loosening in the European Central Bank's monetary policy to keep the overall policy stance as accommodative as it is now. This is the reason for the today’s eur/usd gap.
As usual, he gave no numbers, no thresholds to guide us to understand how much is too much. "I…Continue
Added by Arenoosh on April 14, 2014 at 6:16am — No Comments
A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.
1) Prices are 'hugging the lower end of a negative Keltner channel. 2) The key 13 day moving average is capping rallies.
3) CHF showing broad strength.
Potential for .8712 and .8676.…Continue
Added by Alan Collins on April 14, 2014 at 5:59am — No Comments
"The pain trade in the currency markets is the renewed weakness of the dollar against the euro, yen, Swiss franc and Australian dollar. Despite US jobless claims falling to its lowest levels since 2007, the greenback has been sold since March's Federal Open Market Committee minutes were published. In the very near term dollar longs may still be cut. But the market's position adjustment is also painful for policymakers outside the US seeking weaker domestic currencies against the greenback.…Continue
Added by Daologic on April 14, 2014 at 5:30am — No Comments
"Dollar Breakout or Range-Bound?
The US dollar had a difficult week. It lost ground against all the major currencies. Falling interest rates, sparked by the FOMC minutes that reassured investors that an early US rate…Continue
Added by Daologic on April 14, 2014 at 5:30am — No Comments
USDJPY’s slide to the low end of the Feb-Apr consolidation range leaves the USD looking delicately poised. With daily cloud support failing to hold the market this week, the gently rising range (bear flag) developed over the past few weeks may be heralding more pronounced USD weakness ahead. A clear push below…Continue
Added by Daologic on April 14, 2014 at 5:24am — No Comments
A drop under short-term support at 1.3870 should see the EUR ease back to 1.3775/00 at least.
EURUSD is again testing the waters above long-term trend resistance of the 2008 peak after rebounding from weekly channel support at 1.3695. Gains may well be constrained by stronger (more recent, more…
Added by Daologic on April 14, 2014 at 5:00am — No Comments
EUR has lost almost 50 pips since Friday's close, seems that dollar recovery is going on at the moment. It can be stopped only above 1.3875 as the price is below that and below 1.3850 further downside is expected with targets below 1.3820. The pair is quite well supported around 1.3800 and any dips to there will be used to open a new LONG positions.
GOLD has bulit a new support at 1319 and as the price is above that more upside is expected. Next resistance is 1335, to continue the upside…
GBP/USD –the price formed an evening star candlestick pattern (circled on the chart above) near a key 1.6812 resistance, being formed by the 138.2% Fibonacci projection from the Jul-Oct 2013 impulse wave. Also, weekly MACD had turned bearish, indicating a long-term change in sentiment looming. These signals…Continue
Added by Daologic on April 14, 2014 at 3:51am — No Comments
Added by Pierre Chahine on April 14, 2014 at 2:38am — No Comments
Added by Pierre Chahine on April 14, 2014 at 2:33am — No Comments
EURUSD: Although EUR continues to retain its upside bias, it faces the risk of a corrective pullback in the new week. Support lies at the 1.3820 level where a break will aim at the 1.3770 level. Further down, support resides at the 1.3676 level with a loss of there threatening further downside towards the 1.3600 level where a violation will target the 1.3550 level. Conversely, on further strength, the pair will aim at the 1.3900 level followed by the 1.3950 level.…
Added by fxtech on April 13, 2014 at 8:13pm — No Comments
“The best trades are the ones in which you have all three things going for you: fundamentals, technicals and market tone.”. Michael Marcus, hedge fund manager.
April 14th. Michael Marcus (above) is correct about getting your ducks lined up in terms of technicals and…Continue
Added by Gary on April 13, 2014 at 8:08pm — No Comments
I remember when I first started trading Forex back in late 2007, a little more than 6 years ago. Whenever the subject of trading would come up at a social gathering, I was usually pretty quick to chime in; I was so proud to be a "trader". Without fail, one of the first comments people would make was,
"Oh, so you must like to gamble". Or my personal favorite, "You must love going to Vegas!". …Continue
EUR/USD made an impressive comeback, breaking above the downtrend channel. Will the ECB talk the euro down, or is 1.40 the next target? Final CPI numbers and an important German survey are the highlights. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD.
The pair was already advancing nicely when the …Continue
Added by Yohay Elam on April 13, 2014 at 6:40am — No Comments
Added by Saud Shah on April 12, 2014 at 11:06pm — No Comments
USDCHF: Closes Lower, Eyes Further Bearishness.
USDCHF: With USDCHF declining strongly to take back almost all of its three weeks gains the past week, the risk is for more weakness to occur. However, watch out for any correction following the mentioned decline. Immediate support lies at the 0.8700 level where a break will turn focus to the 0.8650 level. A cut through here will set the stage for a run at the 0.8600 level and subsequently the 0.8550 level. Its weekly RSI is bearish and…Continue
Added by fxtech on April 12, 2014 at 3:19pm — No Comments