Euro is in a range (1.2950 - 1.3220) I would look to long at 1.3040 target 1.3240.
Price is at 1.3120 if goes up till 1.3200 will try to long on pullback at 3120…
Added by HectorFXtrader on May 6, 2013 at 5:21am —
JPY pairs bounced off strongly from support areas and target previous high resistance. At current most pairs are targeting previous highs, break of the resistance will further confirm the continuation of Bullish momentum in JPY pairs. For Intraday Trader, Buy at dip with TP at previous highs.
AUDJPY outlook - Long…
Added by Sardar Uddin on May 6, 2013 at 3:59am —
GBPUSD is moving short rang ascending channel. Currently testing upper trend line and resistance zone. With repeated r ejection from current zone it is anticipated that price will move for a corrective move from current zone. Break out of current resistance zone will provide short term Short Setup. Continue
Outlook – Short
Short Entry (1.55830 - 1.55435)
TP 1 - 1.55050
TP 2 - 1.53982
Added by Sardar Uddin on May 5, 2013 at 10:25pm —
On May 1 the Eur/usd formed a well defined bearish Shooting Star i position with a nice up trend from 1.2958 - 1.3241 confirmation came the following days with a long bear candle. This indicate a bear bias for this coming week!!
Added by Victor Chiejine Bruce on May 5, 2013 at 7:04pm —
GBP/USD continues to look sharp, adding close to one cent this week., The pair closed the week at 1.5574. This week’s highlights are Manufacturing Production and the Official Bank Rate. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The pound enjoyed another good week as the currency got a boost from last week’s British PMI readings. All three beat the estimate, raising hope that the UK economy may finally be heading… Continue
Added by Yohay Elam on May 5, 2013 at 6:20pm —
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Added by Bushido on May 5, 2013 at 6:19pm —
GOLD: The commodity has run into the bears, halting it recovery and closing marginally lower the past week. A failure to resume that recovery in the new week could see GOLD return to the downside. Support lies at the 1,403.66 level where a violation will aim at the 1.385 level and then the 1,321.79 level. Conversely, GOLD will have to return above the 1,495.00 level to halt its broader bear threats to resume its recovery strength. In such a case, the 1,590.40 level will be targeted. Further… Continue
Added by fxtech on May 5, 2013 at 5:21pm —
The two big events of last week was monetary policy announcement by FED and ECB and nonfarm payroll numbers, it is all over as market…
Added by asad rizvi on May 5, 2013 at 3:25pm —
EURUSD: Though backing off slightly off its last week high, it looks to return to that level at 1.3242 level in the new week. Further out, resistance resides at the 1.3300 level where a break will call for a run at the 1.3350 level. Above here will create scope for more upside towards the 1.3400 and then the 1.3450 level. The alternative scenario will be a return to the 1.3054 level where a breach will call for a run at the 1.2955 level. Further down, support lies at the 1.2850 level. Below… Continue
Added by fxtech on May 5, 2013 at 10:58am —
EJ / UJ
Adding UJ and EJ to the list as well.
UJ at critical resis.. UJ could be heading lower to put in a RS b4 taking off to the moon or 100.+..
EJ like euro and gu and other majors failed to make a close in a meaningful to give a solid idea on a direction..
Incase UJ holds to the resis a move down to 97.50ish preferred with a hold is a buy…
Added by Tahir Khan on May 5, 2013 at 9:08am —
EUR/USD had an exciting week, especially around the rate decision, that saw wild action. Mario Draghi will have another opportunity to rck the markets with a scheduled speech and there are quite a few other interesting events. Here is an outlook for the main events and an updated technical analysis for EUR/USD.
The ECB cut the rates by 0.25% and left the deposit rate unchanged… Continue
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Added by Bushido on May 4, 2013 at 8:49pm —
A quick overview of the major currency pairs on strenghth/weakness for week 18.
Added by Ron Schelling on May 4, 2013 at 4:30pm —
USDCHF – The pair failed to follow through on the back of its previous week gains and closed lower at the end of the week. This new development suggests further downside is likely towards the 0.9205 level with a turn below here shifting attention to the 0.9150 level. Further down, support stands at the 0.9100 level and then the 0.9000 level, its psycho level. Its weekly RSI is bearish and pointing lower supporting view. Conversely, USDCHF will have to take out the 94.98 level and then the… Continue
Added by fxtech on May 4, 2013 at 3:11pm —
I missed the pin bar on Thu and so am not in a trade. However I am considering a short for the following reasons:
1) The overall trend is bearish.
2) The level 1.51600 is significant and acting as resistance.
3) H4 chart looks bullish but a convincing break of 1.50500 will align the daily and H4 to bearish.
So a pending sell order at that area may be an option. R/R looks extremely favorable. I would love to hear your thoughts.… Continue
Added by Oasis on May 4, 2013 at 12:16pm —
Most Viewed Forex Webinars on FXstreet.com for April 2013:
#1 Sam Seiden - How To Identify Fresh Supply and Demand Levels in The Forex Market and Trade Like A Bank
#2 Wayne McDonell -… Continue
Added by Francesc Riverola on May 4, 2013 at 11:00am —
Recommendations: LONG positions above 1.2954 with 1.3130 & 1.3315 as next targets. Continue
Alternative scenario:The downside breakout of 1.2954 will call for a slide to 1.2775/1.2600.
Description: With the key support 1.2954 intact, rebound from 1.2745 still in progress and may extend beyond 1.3242 levels, break of 1.3242 will target 1.3318 levels, a daily close above 1.3318…
Added by Haitham653 on May 4, 2013 at 9:12am —
[EURJPY is testing April trend-line resistance. A break out of the range and through 130.65 would be bullish for the pair.
Written by www.ew-forecast.com
Check our service at… Continue
Added by Gregor Horvat on May 3, 2013 at 3:04pm —
EURJPY- The cross continues to consolidate suggestive of an eventual return to the 131.11 level on ending the mentioned consolidation. This if seen will reverse its entire weakness and target the 132.00 level and then the 133.00 level. Alternatively, the cross will have to return below the 125.00 level to reverse its broader medium term upside bias and bring further downside towards the 124.03 level. If this level is tested and broken, further declines should follow towards the 123.00 level.… Continue
Added by fxtech on May 3, 2013 at 2:28pm —
Currently we are at 1.2760 and the C part of an A-B-C should get underway after NFP . A couple of different scenarios. 1: a bounce @ 1.2750 for a double top @ 1.2850. 2: A break of the uptrend line would trigger shorts to at least the .214 Fibo support @ 1.2626. The average daily true range (ATR) for the pair currently is 103 pips.…
Added by Scott Barkley on May 3, 2013 at 1:41pm —