Recommendation: SHORT positions below 1.6180 with 1.5882 & 1.5753 as next targets.
Alternative scenario: The upside breakout of 1.6252 will call for a rebound to 1.6380/425.
Comment:Bearish momentum breakout has been completed on the daily chart at 1.6058, more losses are suggested as long as the pair trades below 1.6252, only a daily close above this level will reverse risks to the upside…
Added by Honey Bhai on January 16, 2013 at 11:37am — No Comments
More Top 10 lists today: the…Continue
Added by Francesc Riverola on January 16, 2013 at 11:30am — No Comments
Westpac - "AUD/GBP looks to be a buy on dips multi-week, eyeing 0.6650-0.6700, with the RBA not rushing to cut rates again given China’s stronger growth momentum and not coincidental recovery in iron ore prices.
The main threat to the pair in Q1 is likely to be a period of risk aversion in Feb-Mar stemming from the US debt ceiling negotiations. AUD/GBP fell steeply during the US’s Aug 2011 debt limit…
Added by Francesc Riverola on January 16, 2013 at 11:00am — No Comments
UBS - "EURUSD BULLISH The latest setback found support at 1.3249, a break below would trigger further correction to 1.3201. While this holds, risk is for a test of resistance at 1.3493.
AUDUSD BULLISH The important resistance is at 1.0625, a break above would expose 1.0744. Support lies at 1.0494."
Added by Francesc Riverola on January 16, 2013 at 10:56am — No Comments
HSBC - "USD - USD only expected to gain vs JPY, weaker elsewhere. Short-term direction: DXY
EUR - Further EUR upside against both USD and GBP. Short-term direction:…
Added by Francesc Riverola on January 16, 2013 at 10:33am — No Comments
Last week's 4.0660 low was the 3rd in a series of higher lows that suggest that EURPLN has formed a significant base.
As you can see from the chart an important Marabuzo line at 4.0930 protected the topside for a while but since that's been broken subsequent Marabuzo lines are acting as platforms that support setbacks and preparing for the next leg upwards.
We're now looking for 4.1200 to protect the downside…Continue
Added by Alan Collins on January 16, 2013 at 10:16am — No Comments
JP Morgan - "JPY weakness remains the key trend. While the short term setup suggests some pause is close, the medium term backdrop continues to deteriorate. Sell retracements. Stay long EUR/JPY, CAD/JPY, TRY/JPY, USD/NOK, USD/ZAR and EUR/CZK & short EUR/INR, NZD/CAD, NZD/NOK, EUR/KRW and ZAR/HUF"
Added by Francesc Riverola on January 16, 2013 at 10:13am — No Comments
Most Viewed Webinars of the last week
January 8th - 14th 2013
#1 Alex Ong - Live Trading
#2 Walter Peters - How to Find Sweet Spots
#3 John W.…Continue
Added by Francesc Riverola on January 16, 2013 at 10:00am — No Comments
$EURUSD Heavy on EURJPY sales but still above the key supp
S/t outlook negative<3325/30 for a retest of 3265/55 and 3220 in extension .Support@ 3265/70 still holds but pressure is clearly mounting for a break lower. We decide to exit remainders of longs on upticks, aborting bullish scenario for now. We squared part of Tuesday evening longs as target @ 3310 was quickly met IF still long reconsider grabbing small profits
Reversing short on upticks as 3320/30 should cap the…Continue
Added by Greenwhale on January 16, 2013 at 9:59am — No Comments
Royal Bank of Scotland - "FX Trade Idea: We recommend establishing long EUR/CHF exposure at 1.2350, targeting 1.2800 with a stop on a close below 1.2250."
Added by Francesc Riverola on January 16, 2013 at 9:25am — No Comments
$GBPUSD On the defensive but close to key support
S/t outlook negative <6070 for a test of base @ 6000/5990
Missed the seloff from 6080 but would not chase price here @ current depressed levels .Awaiting upticks into 6030/50 to reshort for final push lower twds 5990/80 .Stops>6070 Poor R:R…
Added by Greenwhale on January 16, 2013 at 9:15am — No Comments
Added by Naveed Anjum on January 16, 2013 at 6:46am — No Comments
Added by Carol Harmer on January 16, 2013 at 6:03am — No Comments