LAST WEEK.  20 HITS – 3 - WRONG CALLs

Euro @ 1.2974…Euro is approaching the top Sell around 1.2980-85 for 1.2915 or 1.2883 with Stops if 1.3040 surrenders.

 GBP @ 1.5565….Cable has strong resistance 1.5570-75 should hold for 1.5515 or 1.5485 with…

Euro dollar kicked off the week with a gap lower, as the Greek haircut deal isn’t getting closer, to say the least. While the gap has already been closed, Greek worries come from various directions and weigh on the single currency. Without many indicators today, the news from the euro-zone will continue rocking the pair. 

Here’s an update on technicals, fundamentals and what’s…

Gold and silver ended the week with moderate gains and thus continued their January rally. Will this rally continue today? In the meantime, speculators continue to raise their bet on metals the most in recent months. There are still…

Oil prices only slightly slipped during last week, which is similar to their slow downward trend in recent weeks. What is up ahead for crude oil prices in the penultimate week of January? Let's analyze the oil market and examine the main news items and events that may influence the oil market.    

For the complete outlook of the oil market for the week of January 23-27 see…

With my English better for me to leave the picture without comment…

Part One (EUR/USD)

As shown on the chart posted above, fib 161.8 (1.2693) of (1.4940 – 1.3550) on weekly chart was managed to push the pair strongly toward fib 138.2 (1.3020)!!

If you back a bit on the daily chart above, you’ll notice the…

Below the analyses from last week early Monday morning opening breakouts.

Actual tables for next Monday opening breakouts are available by subscription only.

To view, click on the table below.

Here is a weekly recap for gold and silver for the week of January 16^th to January 20^th that includes a description of the recent developments of gold and silver via chart analysis and highlights of the main news that may have affected gold and silver to further increase during the week. The recent American reports that were published last week including the U.S.…

Oil prices continued their downward trend for a second straight week after they had started the month with sharp gains. The speculation around the stability of Euro Area will continue to dominate the news and crowd out (for the time being) the concerns revolving the rising tensions between Iran and the West. During last week, WTI decreased by 0.24% and Brent by 1.12%; as a result, the difference between Brent and WTI slipped to $11.17/b on…

looks to easily determine the focus position...Just like always before market opening xD…

GOLD ::

Still showing buy on dips. 1675 expected resis but channel tops has inched into 169X...

Long against the current up-channel supp preferred.



SPX::

Looking toppish and 1318 initially and extended 1324 to watch for failure on it.. There could be a nice wedge play on 8 hrs that can played out well on breakouts...…

LAST WEEK.  20 HITS – 3 - WRONG CALLs

Euro recovered some of its lost strength after S & P downgrade of 9-European countries last week. The optimism is largely based on hope that investors in Greece may reach an understanding. Successful European bond auction also helped the sentiments.

The Euro region currency got further boost as IMF announced that it will approach…

Euro/dollar had a very positive week, riding on new hope for the old continent. Is this a desired correction, or a change in trend?The euro-zone will now receive fresh growth indicators, an important survey and other events. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

After talks about the Greek haircut broke down last week, they…

GBP/USD was up sharply this week, as the pound gained almost 250 pips, settling in the mid-1.55 range. The upcoming week has six releases including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

Unemployment in the UK…

$EURUSD

WHAT Forex Target Traders SEE:  We are currently sitting @ 1.2981 after breaking the downtrend on the day chart – this is bullish for the cross.   We reacted at the .786 as expected but not enough to declare a move down. There is still room to the upside to the R5  @ 1.3000 and then the double top @1.3076.  This would be a 5^th wave to the top.  The average daily trading range for the cross currently is 141 pips.…

Following the sharp changes in the Forex markets, partly due the S&P's announcement to cut the credit rating of France and Austria, this week will start with the news of S&P estimates a negative outlook for the European Union. During last week gold and silver increased, while energy commodities such as oil and NG declined. There are many news items to be published this week that could affect commodities and forex markets including: U.S. GDP growth rate for fourth quarter, U.S. new…

Gold and silver kept their upward trend they have had during most of the first month of 2012. Despite the announcement over the last weekend by S&P to downgrade France and several other EU countries' credit rating, France and Spain didn't seem to have a problem selling their bonds during the week. The Euro and other "risk" currencies appreciated against the U.S.…

If you are your own trading coach, one of your overriding priorities is to foster the kind of positive experience that will sustain your motivation and learning efforts. Discouraged, defeated, and fearful learners are not effective learners. If you are going to maintain that zone of focus and concentration that maximizes learning efforts, you have to be absorbed in markets. No one can be absorbed if they’re also battling emotional…