Currently we are at 1.5374 and have probably put the left shoulder in play of a H&S pattern. We are looking for a continuation to the Resistance area @ 1.5494 for the head part and then start the reversal. The average daily true range (ATR) for the pair currently is 222 pips.…Continue
Added by Scott Barkley on May 18, 2015 at 12:45pm — No Comments
Here's my medium tehcnichal view on gold. I'm posting daily and weekly tech-chart analysis
Gold in in a side-ways move on weekly, and as per my view, it is very likely it could deepen to the 1080-1094 level before it will be able to brake monthly trendline to the uspide, above 1306 level.
But as per my daily tech-chart analysis i would say gold is heading up for now.... let's say medium term TP1 = 1255, TP2=1291 and…Continue
Added by Eura on May 18, 2015 at 12:23pm — No Comments
FTSE-100: expected trading is R 7.090 & S 6.780.bearish, More accurate financial forecast order on boursajeeclub.com.
DAX-30: expected trading is R 11.680 & S 11.080. waiting 4 bearish entry . More accurate financial forecast order on boursajeeclub.com.
S&P-500: expected trading is R 2180 & S 2010.waiting 4 bearish entry. More accurate financial forecast order on…Continue
Added by Pierre Chahine on May 18, 2015 at 12:01pm — No Comments
Gold: expected trading is R 1252 & S 1194.waiting 4 bearish entry. More accurate financial forecast order on boursajeeclub.com.
Silver: expected trading is R 18.60 & S 16.10.waiting 4 Bearish entry.More accurate financial forecast order on boursajeeclub.com.
Oil: expected trading is R 62.40 & S 59.30. bearish.More accurate financial forecast order on boursajeeclub.com.
Brent: expected trading…Continue
Added by Pierre Chahine on May 18, 2015 at 11:56am — No Comments
EUR/USD: expected trading is R 1.1640 & S 1.1290.waitng 4 bullish entry, More accurate financial forecast order on boursajeeclub.com.
GBP/USD: expected trading is R 1.5880 & S 1.5520. waiting 4 bullish entry, More accurate financial forecast order on boursajeeclub.com.
USD/JPY: expected trading is R 120.40 & S 118.40.bearish, More accurate financial forecast order on…Continue
Added by Pierre Chahine on May 18, 2015 at 11:34am — No Comments
Outlook in GBPUSD remains on the upside as long as 1.5700 support holds on a daily closing basis, resistance comes at the 1.5785 levels, to resume the upside offensive, the GBPUSD will have to take out the key resistance 1.5785, If seen, It will target 1.5940 next, a halt is very likely, but a break would target 1.6021 next, further upside will aim the 1.6108./1.6182 levels.
On the downside, Immediate support comes at the 1.5700 levels, sustained breakout-daily closing- below the…Continue
Added by Haitham653 on May 18, 2015 at 11:00am — No Comments
Outlook in EURUSD remains on the upside as long as 1.1382 support holds on a daily closing basis, resistance comes at the 1.1533 levels, a halt is likely, but a break would open 1.1679 next, further upside will aim the 1.1870/1.1997 levels.
On the downside, Immediate support comes at the 1.1382 levels, sustained breakout-daily closing- below the 1.1382 levels will suggest short term topping and bring a corrective pullback above the 1.1200/1.1130 levels before the next rise, However; a…Continue
Added by Haitham653 on May 18, 2015 at 10:00am — No Comments
BUY EUR USD AT 1.5664 STOP LOSS 1.5636 TAKE PROFIT 1.5694
EUR-USD BUY ABOBE $ 1.1335 & 1.1395 18-5-2015
TAKE PROFITE $ 1.1446-60
TP2 $ 1.1488
TP3 $ 1.1515
SL BELOW $ 1.1290
Added by Md Isha Baqer on May 18, 2015 at 9:39am — No Comments
EUR has broken above the 1.1250 reversal point last week after weak US retail sales data on Wednesday and closed the week above 1.1400 as Michigan's consumer confidence index was a lot worse than expected. This gave some fresh air to amlost all dollar pairs. Today markets start the week calm with no gaps and sharp moves through Asian session. EUR's bullish continues with next Daily target at 1.1600. However i expect some range trade today in small range around 1.1400 because the market will…Continue
Added by Vladimir Mihaylov on May 18, 2015 at 4:54am — No Comments
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 32 white candles versus 18 black candles with a net of 14 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 16 period(s) ago. Since the MACD…Continue
Added by Martin Kay on May 18, 2015 at 3:59am — No Comments
Added by Nguyen on May 18, 2015 at 3:54am — No Comments
GOLD: Bullish, Pressures Further Upside.
GOLD: With GOLD continuing to hold on to its upside offensive, it looks to strengthen further in the new week. However, it now trades within its resistance levels. Support comes in at the 1,210.00 level where a break will aim at the 1,200.00 level. A cut through here will open the door for move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure towards the 1,150.00 level and then the 1,130.00 level.…Continue
Added by fxtech on May 17, 2015 at 11:09pm — No Comments
GOLD @ $ 1223.50 =
While India look poised to overtake China as World's largest consumer of gold due better economic condition, but Indian growth needs to climb 7 pct and beyond to remain on top. This drop could be due to economic slow down in China, but one cannot ignore the fact that Chinese Central Bank is making every effort to push up its…Continue
Added by asad rizvi on May 17, 2015 at 6:06pm — No Comments
EURUSD: Maintains Upside Offensive
EURUSD: Having rallied to close above the 1.1390 level the past week, risk of further upside is likely in the new week. However, you should keep your eyes on the 1.1449 and the 1.1533 zone where strong resistance levels are located. Resistance is seen at the 1.1533 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level.…Continue
Added by fxtech on May 17, 2015 at 1:59pm — No Comments
I have never had much luck with this pair but will give this another shot. Starting with the daily chart I see price almost made it to 1.9000 but was shot down. A pin bar formation at an important level is significant to me. The 1.8900 level was also a rejection level on 17 and 31 March and price has just moved below that level on Fri. Do we have sellers in that area? It does seem possible.…Continue