Added by Jason Sen on June 19, 2013 at 8:06am — No Comments
EURUSD reached new high yesterday so we assume that wave 4 is already complete and that wave 5 is underway which has room for further gains, towards 1.3500 in sessions ahead. Meanwhile 1.3318 support must hold, otherwise we would assume that top is in place. From a larger perspective we need to keep in mind that wave 4 was a triangle and that triangle always occur prior to the final move of the larger pattern, which means that current leg up will sooner or later complete a bullish…Continue
Added by Gregor Horvat on June 19, 2013 at 7:51am — No Comments
Added by Jason Sen on June 19, 2013 at 7:43am — No Comments
Added by Jason Sen on June 19, 2013 at 7:30am — No Comments
UBS - "EURUSD BULLISH The pair posted a new high and is approaching the resistance at 1.3520 ahead of 1.3711. Support is at 1.3319.
USDJPY BEARISH The weakness since mid-May is approaching the significant support at 93.57. A closing break below this would be further negative opening 90.43. Resistance is at 96.10.
GBPUSD BULLISH As the bull trend persists any downside will be limited with a strong support at 1.5468. Broader focus is on the strong resistance at 1.5789; a closing…
Added by Francesc Riverola on June 19, 2013 at 7:28am — No Comments
Societé Generale - "As we head into midyear, the year-to-date change in EUR/USD has shifted back into positive territory. We see this move driven by two forces essentially: short covering, through a broad and deep position cleaning in early June; an upward repricing of forward EUR short-term rates, after Draghi in early June poured cold water on hopes of deposit rate cuts. This makes me think of January, when fears of evaporating liquidity cause a broad repricing of the Euribor strip,…Continue
Added by Francesc Riverola on June 19, 2013 at 7:12am — No Comments
USD pairs are still pending a clear direction. Early indication from Tuesday intraday trading indicates continued weakness but there are strong Support/resistance levels ahead. Next couple of days will be critical to determine a clear direction
USD/CAD has been ranged bounded few days. Overall sentiment about USDCAD remain Bearish. Currently USDCAD is completing it corrective move so look out of sharp Short…
Added by Sardar Uddin on June 19, 2013 at 7:09am — No Comments
Added by Carol Harmer on June 19, 2013 at 6:46am — No Comments
please look at today swing trading plans.
Instrument Trend Recommendation 19-6-2013
EUR/USD Sell below 1.3395TP1.3350/25,SL1.3420 BOB 1.3430
GBP/USD Sell below1.5645,TP1.5610/5580 ,SL1.5660 ,BOB1.5675
GOLD Buy above 1364,TP1370/75,SL1359,BOS1355
USD/JPY Buy above 95.15TP95.70/96,SL94.80 BOS 94.75
Important news; FOMC Statement at 11pm
Added by Usman Ali on June 19, 2013 at 6:16am — No Comments
Added by Carol Harmer on June 19, 2013 at 5:05am — No Comments
Recommendations: LONG positions above 1.3385 with 1.3430 & 1.3460 as next targets.
Alternative scenario:The downside breakout of 1.3385 will call for a slide to 1.3335/1.3290
Description: The pair trades above its support 1.3385, as long as this level holds,look for further upside gains towards 1.3430 & 1.3460 levels, an hourly close below 1.3385 would delay the bullish move but downside below 1.3385 is likely to be…Continue
Better than expected ZEW for Germany, helped EUR a lot to make a new top at 1.3415, but it is necessary to say that the EUR tested the support at 1.3330 several times yesterday. This means that 1.3320-30 area is now a very important area and if it is broken to the downside that will mean another 150 pips down. On Daily we can see the high price level consolidation and that we are closer and closer to a correction lower.Usually consolidations like this one end up with a big bearish candle of…Continue
Added by Vladimir Mihaylov on June 19, 2013 at 4:26am — No Comments
I see the pair at the end of a 2 leg pullback, the second leg being right at the same height as the first leg. overall the pair is generally bearish, and also looks bearish on daily but currently pulling back. the last 4 daily bars are inside bars within a large bearish candle. something interesting to note is that from the peak on may 22 to the low on jun 16 the number of bars is about 100, with bars closing higher than they opened about equal to the amount of bars closing lower than…Continue
Tomorrow the Federal Reserve will take its high wire act to new levels. It will attempt to convince the markets that the U.S. economy is improving but is not so improved that it can do without $85 billion a month in quantitative easing.…Continue
Added by Joseph Trevisani on June 18, 2013 at 10:29pm — No Comments
UBS - "Any post-FOMC pullback in USDCAD towards strong technical support at 1.0120 should offer dip-buying opportunities for those looking to exploit upside potential into the Bank of Canada's July 17 meeting."
Added by Francesc Riverola on June 18, 2013 at 8:49pm — No Comments
Ranking on Major Pairs and Cross-Rates per June 18th.
The right column is the day before.
For more details click on the table.
Added by Ron Schelling on June 18, 2013 at 6:30pm — No Comments