In this blog I'll be posting trend forecast for the most important currencies , hope it would help you filter your trades .
4 H : Down
4 H : Down
4 H :…Continue
Sweden and the Euro: Logos-driven People vs. Pathos-driven Establishment.
In 2003, Sweden held a referendum on the issue of joining the EMU. The Swedish elite on both the left and the right virtually uniformly supported joining.
Added by Ron Schelling on May 9, 2013 at 6:30pm — No Comments
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Currently we are at 83.61. We are looking for a break above the R3 @ 83.71 and then a continuation up to the R4 resistance @ 84.60. The current average daily trading range (ATR) is 139 pips.…Continue
Added by Scott Barkley on May 9, 2013 at 12:49pm — No Comments
There's a quick buy signal for short-term trading on EURUSD. The pair currently tests support line for the 3rd time. I try long positions from 1.3125, sl below 1.3117.…Continue
There was only one Eurozone release on Wednesday, but EUR/USD took full advantage of a sharp German Industrial Production reading, which hit a ten-month high. The euro responded by gaining close to a cent, and was trading in the mid-1.31 in Thursday’s European session. The markets are closed in Germany and France for a holiday, and the lone Eurozone release is the ECB Monthly Report. It’s been a…Continue
Added by Yohay Elam on May 9, 2013 at 9:37am — No Comments
After Corrective move USD/JPY showed signs of Bullish move on Wednesdays keeping the Bullish momentum alive for USD/JPY . With Current price action expect JPY pairs to test recent highs but will need higher momentum to break through.
For Intraday Traders, go long on dips with TPs at previous highs.
Outlook - USDJPY Long…Continue
Added by Sardar Uddin on May 9, 2013 at 8:04am — No Comments
Yesterday EUR/USD went up and almost reached the 1.3200. Right now I expect the reversal to 1.3150, where I am keeping my long orders with stops set at 1.3124. The 4 hour and weekly charts are looking bullish and in case Europe doesn't present any bad news we will be seeing another climb higher. Profit targets for EUR USD are set at 1.3194 and 1.3240. In case your stops are wiped out, I suggest waiting for better opportunity to enter the trade, as we will be entering ranging pattern,…Continue
Added by Thom Grey on May 9, 2013 at 7:27am — No Comments
Added by Carol Harmer on May 9, 2013 at 7:10am — No Comments
EUR has made some progress to the upside and the diagonal support line of which i have talked yesterday has done a good job. EUR has reached three of my long targets and now consolidates around the support zone 1.3150-65. It is very likely in the following hours to make another test of 1.3195 and if unsuccessful to reverse back to 1.3130. Please note that any drop below 1.3085 will take us quickly to 1.3000 and maybe below. For now 1.3130 serves as a good support so you may enter LONG there…Continue
British Pound / US Dollar broke above the upside resistance level of 1.55 yesterday. This is a bullish sign. This previous resistance level of 1.55 may now provide downside support.
A Daily white body has formed yesterday.
A Daily engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies…Continue
Added by Martin Kay on May 9, 2013 at 3:00am — No Comments
I take no responsibility and claim that these trades would Result in profit.Sound Money management is Required.
EURUSD: A reversal of its Monday and Tuesday losses has cleared the way for a return to the 1.3242 level. A cut there here will resume its medium term uptrend and call for a run at the 1.3300 level. A clearance of this level will pave the way for a run at the 1.3350 level with a turn above here targeting the 1.3400 and then the 1.3450 level. Its daily RSI is bullish and pointing higher supporting this view. The alternative scenario will be for EUR to return to the 1.3034 level where a breach…Continue
Added by fxtech on May 8, 2013 at 9:52pm — No Comments