Added by asad rizvi on July 14, 2013 at 11:12pm — No Comments
The pound finally broke out with a strong week, asGBP/USD climbed 140 points. The pair closed just above the 1.5000 line. This week’s key events include CPI, Claimant Count Change, and Retail Sales. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The pound had a strong week, posting gains against the dollar. However, this rise…Continue
Added by Yohay Elam on July 14, 2013 at 6:51pm — No Comments
eu looks like have no direction,i expect so moves up till reach 1.3205 and moves down to 1.2950/60.gu-many investors expect 1.5280 level and good to sell between 1.5265 and 1.5285 with 1.5312 stop loss. if won't get there then many pips down with target 1.4720 at least this week.gold daily is downtrend so selling gold is more profitable then buy it but if break 1310 then good to sell between 1330 and 1340 with stop loss 1350 ,target might be 1180 and 1150.good luck
Added by gregorian on July 14, 2013 at 5:13pm — No Comments
Two firms, Kipochi and LocalBitcoins, have over the last two weeks announced that M-Pesa users can now purchase and trade in Bitcoins from their phones.
Although the Bitcoin has been around since 2009, it has remained difficult for Kenyans to access due to technological challenges. Both Kipochi and LocalBitcoins hope to tap into the already vibrant mobile money market to grow the use of Bitcoin locally.
Click on the bills for…
Added by Ron Schelling on July 14, 2013 at 4:46pm — No Comments
EURUSD: Recovery saw EUR taking back its previous week losses to close higher the past week. This development has left EUR targeting further upside towards the 1.3207 level with a break turning attention to the 1.3297 level. A cut through there will aim at the 1.3450 level. Its weekly RSI is turning higher supporting this view. Conversely, a reversal of its past week gains will turn downside risk towards risk the 1.2755 level with a turn below here shifting attention to the 1.2700 level and…Continue
The Japanese yen enjoyed a good week, asUSD/JPY broke below the 100 level and surrendered over 200 points. Will the yen continue to rally? The upcoming week is very quiet, with only two events on the schedule. The markets will be closed on Monday for a holiday. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
The yen took advantage of a broadly…Continue
Added by Yohay Elam on July 14, 2013 at 1:03pm — No Comments
Added by Ron Schelling on July 14, 2013 at 9:16am — No Comments
EUR/USD had a roller coaster week, trading in a range of around 450 pips. Will the action continue? What is the next direction of the pair? German ZEW Economic Sentiment and inflation data are the major events this week. Here is an outlook on the main market-movers ahead and an updated technical analysis for EUR/USD.
Last week, the euro continued to drop against the dollar, and …Continue
Added by Yohay Elam on July 14, 2013 at 3:39am — No Comments
this website was purely created to be honest about trading on the Forex markets, by myself being a average man on the street. And like all of you visiting this site are probably looking for answers on being the next Forex multi-millionaire.
Well let me be the one to tell you that “A” you wont become a millionaire overnight (unless u have a million laying around to invest), and “B” it is actually hard work plenty of self discipline and time consuming, if you want to make a success of…Continue
Added by Francesc Riverola on July 13, 2013 at 1:29pm — No Comments
Added by Francesc Riverola on July 13, 2013 at 1:22pm — No Comments
USDCHF – With corrective weakness seeing USDCHF declining and taking back its previous week gains the past week, further downside is envisaged. On further decline, the 0.9400 level comes in as its minimum target with a cut through here extending its correction towards the 0.9303 level and possibly lower towards the 0.9200 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, the pair will have to return above the 0.9750 level to resume its strength. This if…Continue
Added by fxtech on July 13, 2013 at 12:43pm — No Comments
1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- I highly recommend using divergences techniques, to find possible turning point during the week !
3- The recommended time frame , the 1 hour and below.
4- You can also use chart pattern, candlesticks, trend lines and price action to find possible turning point!
5- These levels would help you set realistic targets…Continue
Explanations of popular forex terminology are given as follows.
Equity – the secure part of the client account, considering the open positions, bound with the balance and floating rate (profit/loss) by the following formula: Balance + Floating rate + Swap, i.e. the funds on the client account less the current amount for the open positions, plus the current earnings for the open positions.
Free margin – the funds, which are not used for the…Continue
Added by Larry P. on July 12, 2013 at 12:47pm — No Comments
Currently we are at 0.7785 on significant support. A break of support targets the double bottom @ 0.7700. We are looking for the next target then to be the S5 support @ 0.7593. The average daily true range (ATR) for the pair currently is 118 pips.…Continue
Added by Scott Barkley on July 12, 2013 at 12:42pm — No Comments
Added by The Forex Koala on July 12, 2013 at 10:24am — No Comments
EUR/USD has reversed direction following the euro’s huge gains on Wednesday. The euro jumped following the release of the FOMC’s most recent policy meeting, which showed that Federal policymakers were divided over tapering QE. The dollar continues to post modest gains in Friday trading, as the pair trades around 1.3040 in the European session. In economic news, US Unemployment Claims disappointed, coming in well above expectations. On Friday, Eurozone Industrial…Continue
Added by Yohay Elam on July 12, 2013 at 9:18am — No Comments
Traders may want to keep a very close eye on USDJPY after five wave fall from above 101.00 which means that trend for this market is now down. If thats the case than rally from 98.20 is temporary. From an Elliott Wave perspective we are observing an (a)-(b)-(c) recovery with a triangle in the middle of a three wave rally. Triangles are very important when trying to predict the outcome, because we know that move after a triangle is usually final within the sequence. In our case it means that…Continue
Added by Gregor Horvat on July 12, 2013 at 8:30am — No Comments