Recommendations: LONG positions above 1.3508 with 1.3570 & 1.3620 as next targets.
Alternative scenario:The downside breakout of 1.3508 will call for a slide to 1.3451/415 .
Description: The pair trades above its support 1.3508, stability above this level will build a pressure on the 1.3570/620 levels,break of 1.3620 will advance the pair towards the 1.3711 levels, further upside will aim the 1.3785 levels.On the downside ,…
The GBPUSD maintained some bearish momentum yesterday , topped at the 1.6162 levels, bottomed at the 1.6021 levels, now pressure will be on the 1.6021 levels.
The GBPUSD will have to hold below the 1.6021 levels on a daily closing basis to push the market for further downside losses ,If seen , It will target the 1.5716/1.5750 levels, a halt is suggested , but a breach will turn focus on the 1.5552 levels, further downside will aim the 1.5422 levels.
Alternatively, a failure…
EURUSD broke to the upside in this week and closed above 1.3500 figure on a daily basis which suggests more upside in days ahead. The reason for this outlook is a sharp rally from 1.3320 low which appears to be a third leg within a third based on the personality of the move. Recently a third leg has stopped in 1.3520-1.3585 resistance area so we suspect that contra-trend movement is wave iv) that could look for completion around 1.3480 figure. Keep in mind that larger trend is up and that…Continue
Added by Gregor Horvat on September 20, 2013 at 7:28am — No Comments
EUR/USD Looking fwd for sliding back, testing Aug high/mid body point, @1.3453/1.3440
USD/JPY Long term yen->negative view, yesterday's price action supportive to my view. buy @99.2, add above @99.56
Added by Bagehot Tomas on September 20, 2013 at 7:06am — No Comments
Added by Jason Sen on September 20, 2013 at 7:05am — No Comments
UBS - "USDJPY BULLISH Resistance is at 100.61, a break above which would open 101.53 ahead of 103.74. Support is at 97.76 ahead of 96.82.
EURUSD BULLISH As a reaction to the sharp advance, there is scope for a short-term setback to unwind. Support is at 1.3501 ahead of 1.3392. Resistance is at 1.3569, a break above which would open the way to major resistance at 1.3711.
GBPUSD BULLISH Resistance is at 1.6179, a break above which would open the way to 1.6381. Any downside will be…
Added by Francesc Riverola on September 20, 2013 at 7:00am — No Comments
Added by Jason Sen on September 20, 2013 at 6:58am — No Comments
Added by Jason Sen on September 20, 2013 at 6:56am — No Comments
MTG MARKET UPDATE 20.09.13
EUR/USD: Sell Below1.3545,TP1.3500/1.3485,SL1.3578,BOB1.3583
GBP/USD: Sell Below 1.6070,TP1.6025/6000,SL1.6100,BOB1.6110
GOLD: Sell below1368, TP1360/55, SL1378, and BOB1380
#CL: Buy above 105.90,TP106.40/65,SL105.80,BOS 105.60
USD/JPY: Buy above99.15,TP99.45/70,SL98.85,BOS 98.74
FOMC Member George Speaks 9.30 FOMC Member Bullard Speaks 9.55pm
Added by Usman Ali on September 20, 2013 at 6:41am — No Comments
The AUDUSD maintained some bearish momentum yesterday , topped at the 0.9528 levels , bottomed at the 0.9426 levels. The AUDUSD will have to hold below the 0.9426 levels on a daily closing basis to confirm topping at the 0.9528 levels and push the market for further downside losses,If seen , It will target the 0.9223 levels , a halt is suggested but a breach will turn focus on the 0.9115 levels , further downside will aim the 0.8971 levels.
Alternatively, a failure to hold below…
Added by Haitham653 on September 20, 2013 at 6:37am — No Comments
Wednesday’s rejection of 8 month lows extended yesterday. The strongest performance of this month resulted with a rally that took the cross marginally through the key 13 day moving average that has capped prices throughout September. Despite overbought extremes, intraday signals are also supportive and so we look for this demand to extend.
.8454/65 is the immediate target area. .8481 behind that.…Continue
Added by Alan Collins on September 20, 2013 at 6:30am — No Comments
EUR still consolidates at the top levels but the hope of the bulls slowly fades away as the price is too far from the Ichimoku cloud and gains weigth with every hour. The correction cannot be avoided, but somewhere around 1.3505-10 we have a good support which was tested yesterday and capped the downside. I am expecting another test today and bounce to the upside from there. Despite today is Friday it is more likely to close above 1.3500 and the mass provit taking to be delayed for the…Continue
Added by muthusamy perisamy on September 20, 2013 at 3:09am — No Comments
Added by muthusamy perisamy on September 20, 2013 at 3:08am — No Comments
The USDNOK has presented us with bullish long tailed pin bar price action setup on the daily chart. price tested the key support area of 5.74** only to go up and close as a pin bar. The trade is considered a counter trade setup on the daily chart but inline with the weekly time frame bias as it remains fairly bullish. Traders are advised to take a…Continue
Added by Henry nnalue on September 19, 2013 at 10:44pm — No Comments
The USDJPY maintained a bullish momentum yesterday, broke above the key resistance 99.33, this development leaves the pair targeting the 100.66/100.86 levels the upcoming days, a breach will turn focus on the 101.52 levels, further upside will aim the 103.73 levels.
On the downside, support comes at the 97.75 levels , losing this level on a daily closing basis will reverse risks to downside, If seen It will target the 96.81 ahead of the 95.80 levels, further downside will aim the…
Added by Haitham653 on September 19, 2013 at 9:32pm — No Comments
USDJPY seems the buck is still enjoying a ride up the tred
Added by dalyop dahwol on September 19, 2013 at 9:28pm — No Comments
GOLD: The commodity has halted its weakness rallying strongly on Wednesday and following through higher in Thursday’s trading session. If it follows through higher, we could see GOLD recapture the 1,399.79 level. A cut through here will open the door for a run at the 1,433 level. Further out, resistance resides at the 1,450.00 level, its psycho level with a breach targeting the 1,500.00 level, its psycho level. Conversely, support stands at the 1,291.12 level with a violation aiming at the…Continue
Added by fxtech on September 19, 2013 at 6:35pm — No Comments
Infobip Launches ¥Coins, Virtual Currency for the Japanese Content Market.
Infobip, the world's fastest growing mobile messaging and mobile payments provider, announced today the launch of its ¥Coins virtual currency service aimed at both local as well as international content providers who are looking to establish themselves in the lucrative Japanese market.
For more click on the picture.…Continue
Added by Ron Schelling on September 19, 2013 at 5:30pm — No Comments
The EURUSD maintained a strong bullish momentum this week, broke above the 1.3451 levels, so far reached 1.3568 levels, resistance is at the 1.3577 levels, stability above the 1.3577 levels on a daily closing basis will have large bullish implication ,If seen ,It will target the 1.3785 levels , a breach will turn focus on the 1.4250 levels ,this level is likely to bring reversal to the downside.
Alternatively , a failure to hold above the 1.3577 levels , could mean a return to the…