ON TUESDAY EUR/USD VOLATALITY WAS 39.59 SO WEDNESDAY POSSIBILITY ARE
EURUSD: Despite EUR’s consolidation threats, it continues to retain its bullish bias with risk of returning to the 1.3415 level. This if seen will aim at the 1.3450 level. Further out, resistance resides at the 1.3500 level and possibly higher towards the 1.3600 level. Conversely, support lies at the 1.3200 level where a reversal of roles as support is expected. Further down, support comes in at the 1.3189 level followed by the 1.3100 level where a violation will target the 1.3000 level. All…Continue
Added by fxtech on August 28, 2013 at 10:58am — No Comments
ANZ - "AUDUSD Daily Chart: Once again, the downtrend remains firmly in place. Last week’s failure to breach 0.9250 and the swift slide below 0.9000 underscores the corrective nature of rebounds. Any further rebounds could struggle in the 0.9100-25 area. Such minimal rebounds, or a close below 0.8925, could even trigger an early return to the downtrend (so much for hopes for a standard squeeze to 0.9500!) and slippage towards the 0.8550-0.8675 target area.
Added by Francesc Riverola on August 28, 2013 at 10:14am — No Comments
EUR/USD continues to have a fairly quiet week, with the pair trading in the high-1.33 range in European trading on Wednesday. In economic news, the US finally broke out with some strong releases as consumer climate and manufacturing releases looked very sharp. On Wednesday, German Consumer Climate disappointed as it fell short of the estimate. On a brighter note, Eurozone M3 Money Supply surpassed the forecast. The…Continue
Added by Yohay Elam on August 28, 2013 at 9:54am — No Comments
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5548
Buy Stop: 1.5520
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…Continue
Added by Martin Kay on August 28, 2013 at 6:02am — No Comments
EUR is playing trics once again as it still locked in 60 pips range between 1.3330-1.3390. Better than expected data from Germany was a stimulus for the bulls and they appeared around the 1.3330 area which shows this is a major support level. Breaking lower of that level will take the pair at least 200 pips below. On the other hand, H1 closed above 1.3400 will open the way for breaking 1.3450 and if we have a success next target will be 1.3510-40. However with the new month beginning i…Continue
Added by Y.R.Gajjar on August 28, 2013 at 3:26am — No Comments
Added by Mariusz Lin on August 28, 2013 at 3:08am — No Comments
The EURCAD formed a counter false break sell setup(setup against the dominant trend) on the daily chart after today's candle closed as a pinbar off a key resistance level. price is expected to fall towards the dynamic support zone before we see a significant reversal(if it will come). traders are advised to take a sell…Continue
Trader,s stay away from market America Ready to attack on Syria high volatility expected may be today they do it....
we may see market after attack
OIL 111-115 area
or May be
GOLD 1455 or 1480
EUR 1.3550 area
Stay away or use small lot.
Gold and silver prices didn't do much on Monday and gold slightly declined, while silver rose again. Their small movement coincides with the developments in the forex markets as the US didn’t move much against leading currencies. In U.S, the core durable goods report came out yesterday: New orders of durable goods decreased by…Continue
Added by Lior Cohen on August 27, 2013 at 3:39pm — No Comments
Gold remains in bullish mode and is now forming an extended structure in blue wave (v) that also needs to be subdivided by five smaller legs. Based on the current strong bullish sentiment and incomplete structure we could see 1430-1435 in the next few sessions. Critical region is at 1395, as long this one holds, trend is up!
GOLD 1h Elliott Wave Analysis…Continue
Added by Gregor Horvat on August 27, 2013 at 2:52pm — No Comments
Since it is last week of the month the expected big move they have done in USD/YEN and YEN crosses.
The typical contrarian move of dropping EURO/USD and GBP/USD along with USD/YEN made EURO/YEN and GBP/YEN to make big drops of 170-250 pips..Besides AUD/YEN was also handled on the down side.After the quick drop and accumulation of the positions the players are expected to slowly gain the levels in them tomorrow and quickly gain the levels from Thursday till week end.This way they…Continue
Added by Dr. Sivaraman on August 27, 2013 at 1:24pm — No Comments
One of the largest currency dealing platforms, ICAP's EBS, this week took a step to curb high-frequency trading on its network, the latest in a series of measures in the $5 trillion-a-day foreign exchange market to limit the perceived advantage of super-fast traders.
For more click on the picture.
Added by Ron Schelling on August 27, 2013 at 12:21pm — No Comments
Added by Jason Sen on August 27, 2013 at 11:19am — No Comments
Recommendations: SHORT positions below 1.3412 with 1.3295 & 1.3260 as next targets.
Alternative scenario:The upside breakout of 1.3412 will call for a rebound to 1.3450/485 .
Description: The pair trades below its resistance 1.3412, stability below this level will build a pressure on the 1.3290/60 levels,to reverse risks to the upside the pair needs to break and hold above the 1.3412 levels on hourly closing basis,If seen , It…
Added by Jason Sen on August 27, 2013 at 11:14am — No Comments
After a very quiet start to the week on Monday,EUR/USD has posted modest losses in Tuesday trading, with the pair trading in the low-1.33 range in European trading. The euro dipped lower despite another strong release from German Ifo Business Climate, as the key indicator cruised to a sixteen-month high. There are just three events on Tuesday, highlighted by US CB Consumer…Continue
Added by Yohay Elam on August 27, 2013 at 9:47am — No Comments
Going by our discussion on the GBPUSD on the 22nd of August, we explained that price formed a bearish pinbar candle off the key resistance level of 1.57. we advised that traders should take a sell position targeting the dynamic support level that was about 150pips away from entry price. looking at the chart, we would observe that price went as planned and currently…Continue
Geo-political concerns in the Middle East and rising tensions in Syria have given a boost to the US dollar against Sterling this morning. Sterling was trading above 1.57 USD last Wednesday and is now nearer the 1.55 USD level as the “flight to safety” has given a boost to the greenback. Continued weakness in emerging market currencies such as the Turkish Lira (due to its proximity to Syria) and Indian rupee is also giving a boost to the US dollar.
Added by Ronnie Chopra on August 27, 2013 at 8:37am — No Comments