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
Wait for oil to Reach the 99.13 Area and see the Price action.
I am waiting for A short from that area fro a potential target at 91
These are just personal opinions.
Added by Usman Pervez on May 8, 2013 at 9:23pm — No Comments
Many Happy Retracements! :)
Added by Andrew Lewis on May 8, 2013 at 9:03pm — No Comments
Looking at this chart of Constant Contact (CTCT) we can se some encouraging reasons to take a chance on a long trade with CTCT and expose ourselves minimally. You can see where CTCT had a recent gap up in the market which put it over the 100 period SMA and to this point it has stayed above that level. I have entered this market after CTCT gapped up and pulled back to the 100 SMA @ 14.00. With the…Continue
Added by ChaosTrader63 on May 8, 2013 at 6:53pm — No Comments
Added by Andrius on May 8, 2013 at 6:08pm — No Comments
Looking at the EUR vs USD on the Daily time-frame we can see where price has attempted 3 times to break the resistance of the Kumo cloud and has so far to this point failed. What makes me believe that it is ready to break that resistance now? Not much! From the swing high @ 1.37000 to the swing low @ 1.27709 I have drawn the Fibs and the resistance of the Kumo lines up with the 50%…Continue
Looking at the EUR vs CAD using the Ichimoku system we can see that price has bounced off of the bottom of the Kumo Cloud. The bottom of the cloud is resistance at the 1.32380 mark. Also we have Fib levels drawn in and the 50% retracement level is in confluence with the bottom of the cloud giving us even more reason to believe the resistance level will hold. The 100 period MA which is…Continue
Currently we are at 129.79.. We are looking for a bull flag breakout above 130.00 to the 3rd wave resistance (R5) @ 130.82 then a continuation up to the resistance @ 131.15. The current average daily trading range (ATR) is 193 pips.…Continue
Added by Scott Barkley on May 8, 2013 at 12:56pm — No Comments
Westpac - "We have run with a positive bias on GBP for some time now, having chosen to hold this via short EUR/GBP. On Feb 26, we recommended selling EUR/GBP on strength. On March 28 we recommend taking back half of that short position.
On April 11th, we recommended buying GBP outright on the grounds that it was under-owned and was likely to benefit more than most from an improved risk sentiment post the BoJ's QQME announcement. We established long GBP at 1.5333 and added on dips to…
Added by Francesc Riverola on May 8, 2013 at 10:54am — No Comments
Bank of Tokyo-Mitsubishi - "Given the ECB rate cut, speculation on negative rates, and the strong US employment report, the stability of EUR/USD is impressive. It does suggest that factors like reserve re-cycling may well be playing some role in supporting the euro. But the stability of the periphery debt markets in conjunction with record current account surpluses also mean reduced euro sales in the market. It’s not necessarily due to increased foreign investor demand for periphery debt –…Continue
Added by Francesc Riverola on May 8, 2013 at 10:44am — No Comments
Excellent news... as you may know, we pretend to organize Forex Traders meetups all over the world so we thought to test the format of the meetups here in Barcelona. The call was a risky one, as there are not many FX traders in Barcelona. We were going to do it in English, so even riskier as there are not many traders in Barcelona…Continue
Added by Francesc Riverola on May 8, 2013 at 10:19am — No Comments
This is today's Current Positions Table for the EURUSD. In an effort to help our audience with its interpretation, we inserted all the current positions in a price chart. On the left the left the buy and on the right the sell positions. Look for those areas where the positions are more clustered. For example, the 1.3160 area has a few stops from sellers, but also buy positions aiming to bring the price higher.…Continue