I'm starting to think that this head&shoulders on the weekly chart may just bee a huge bait to most of the traders. The big boys will do everything to get everyone on the hook and then turn around everything. I will only try to trade this with very small position if it brakes the neckline.
Added by Tamas Szabo on May 19, 2013 at 7:43pm —
The confidence in US economic recovery is gathering momentum and report last week by WSJ about FED mapping up a strategy for unwinding QE has substance, as FED Doves are joining the Hawks bandwagon in a hope that chances of unwinding of FED’s asset purchase program is increasing, since US economy looks in a better shape. Continue
On an average, consistent growth this year is visible in manufacturing and housing sector. In last six-months over 1.2 million jobs were created. US Consumer is showing…
Added by asad rizvi on May 19, 2013 at 6:50pm —
my trades for next week.gold looks good for short for me but i want find the good price between 1370/85 for sell with 1406 sl and my target should be 1340 and even lower 1324.for gu want some pull back up 1.5300/30 good for sell.and eu if will go up i want resell from 1.2915 to 1.2750 target.
Added by gregorian on May 19, 2013 at 6:43pm —
The average USD climbed fast the last 2 weeks.
6 major currency pairs against the USD are below.
Added by Ron Schelling on May 19, 2013 at 6:30pm —
Before I discuss my analysis of the aforementioned currencies, I highly recommend that you do not trade according to my thesis. This is my opinion and my opinion alone. I am NOT affiliated with any forex website, broker, or similar market participant. I recommend that you stick to what is working and use the information below either as fodder or to challenge your thinking. As for disclosure, I am all cash BUT would consider swing trading the CAD on a break above 1.0315 or below 0.9950; on… Continue
Added by The Zedder on May 19, 2013 at 4:30pm —
The pound’s troubles continue, as the currency lost almost two cents against the US dollar this week. GBP/USD closed the week at 1.5168. The upcoming week is a busy one, and the highlights include CPI, Retail Sales and GDP. Here is an outlook of the events and an updated technical analysis for GBP/USD.
Added by Yohay Elam on May 19, 2013 at 2:30pm —
the question is DO EURUSD WILL GO TO 1.2744 OR PULL BACK UP FOR NEXT 2 DAYS?hard question and hard answer.please give me your opinion till monday morning
Added by gregorian on May 19, 2013 at 1:00pm —
EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.
Eurozone economic data… Continue
Added by Yohay Elam on May 19, 2013 at 8:17am —
If price goes under the 20EMA, my conclusion will be it is the AUD.
Added by Oasis on May 18, 2013 at 11:26pm —
On May 17 the Eur/usd formed a well defined Bullish Hammer position with a nice down trend from 1.3236 - 1.2791 we will expect a long white candle stick for confirmation in the coming week. Which will drive the market to 1.2995 for heavy… Continue
Added by Victor Chiejine Bruce on May 18, 2013 at 7:08pm —
Added by Usman Pervez on May 18, 2013 at 5:11pm —
USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week. This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On… Continue
Added by fxtech on May 18, 2013 at 9:25am —
It seems that price will breakout of this wedge soon. My bias is to the upside, based mainly on the dynamic rising support line that has been respected recently. GBP does seem weaker as well.
Please share any comments/opinions.
Added by Oasis on May 18, 2013 at 12:13am —
OIL - Setup....
I don't know what the fundamentals are on OIL for now; but technically looking at it it is looking mighty bullish..
Weekly has clearly alot of scope to the higher side b4 we can assume it has found a top..
Lower side has put in a clear pattern of an inv HNS and 97.10-20 pretty much been the neck.. A break if coming and closing higher…
Added by Tahir Khan on May 17, 2013 at 8:39pm —
some possition till mondey sesion end
AUD/USD buy @ 0.9734 / SL 0.97 / TP 0.9985
GBP/USD buy @ 1.5172 / SL 1,5150 / TP 1.53
Added by Andrius on May 17, 2013 at 4:15pm —
Societe Generale - "Recession check in Europe If I have one grumble about the news in Europe, it is the tendency of policy-makers to be so positive about financial market developments and so quiet about underlying economic problems. The ECB has driven a wedge between markets (the euro and government bonds) on the one hand and the ‘real economy' on the other. That buys time for policy-makers to tackle the underlying problem of chronic unemployment, competitiveness gaps and indebtedness. But the… Continue
Added by Francesc Riverola on May 17, 2013 at 3:17pm —
Added by Erich Manstein on May 17, 2013 at 2:30pm —
Currently we are at 0.9733 on the 1.270 fibo. We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix. The current average daily trading range (ATR) is 87 pips.…
Added by Scott Barkley on May 17, 2013 at 1:01pm —
EUR/USD continues to trade quietly, with the pair trading in the high-1.28 range in Friday’s European session. On Thursday, US key releases, notably Unemployment Claims, were disappointing, but the euro failed to take advantage and didn’t make up ground against the dollar. There are no Eurozone releases on Friday. In the US, there are just three releases, highlighted by UoM Consumer Sentiment. The… Continue
Added by Yohay Elam on May 17, 2013 at 8:50am —
UBS - "EURUSD BEARISH The pair is under pressure, trading close to Wednesday's low at 1.2843. A break below this would expose 1.2746 ahead of 1.2662. Resistance is at 1.2943 ahead of 1.3029. Continue
EURCHF BULLISH With bullish trend in place, focus is on resistance at 1.2525, a break above this would open 1.2569. Support is at 1.2361.
EURGBP BEARISH With the MACD below its zero line, focus is on support at 0.8389. A break below this would expose the important 0.8587. There is an important…
Added by Francesc Riverola on May 17, 2013 at 8:08am —