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March 1st Analysis - EURJPY - Sardar Uddin

Yen Pairs are in descending channels, with sustain Bearish momentum. For right now keep you Shorts and ease into trending weekend

Outlook – JPY Strong

Awaiting Feedback!!!

Best

-Sardar Uddin…

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Added by Sardar Uddin on March 1, 2013 at 8:00am — No Comments

Double D’s are the Key…

For the past year euro-dollar has been prone to attack.  But volatility disappeared in 2012.

 

Lack of venom due to a declining risk appetite amongst financial institutions was the problem.  This market was wounded in the wake an implosion of confidence because of the global financial crisis. 

 

A hypnotic spell cast by Mario Draghi and European government leaders has not helped. 

 

In 2012 Euro-dollar posted its tightest range in 11 years while…

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Added by Brian Kiely on March 1, 2013 at 7:52am — No Comments

Gold Dives, But Encounters Support At 1574

Added by Carol Harmer on March 1, 2013 at 6:46am — No Comments

Usd/Jpy Still Failing To Break The 9280 Resistance

Added by Carol Harmer on March 1, 2013 at 6:45am — No Comments

EUR/USD & GOLD forecast 01.03.2013

EUR was unable to pass above resistance @ 1.3150-60 and with the bad USD GDP release reversed back to the downside to reach the bottom of the positive Ichimoku on Daily. Currently we are very close to break it lower. We have a good support at 1.2950-60 and i think it will hold the downside this week and will be a good point for a recovery to the upside. Weekly close below 1.3120 wil open the way to attack 1.2900 next week. We may see upside restoring only above 1.3310. There is a lot of…

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Added by Vladimir Mihaylov on March 1, 2013 at 5:53am — 15 Comments

Coffee with EURUSD - 01/03/2013

Hi traders,

I think that take sell setup could be good for scalpers.

Euro situation is not good and looking the Manufacturing Purchasing Managers Index (PMI China) the data fell to 50.40 and this movement could the Euro also.

China is very important to verify if the global economy is recovering or contracting. 

Well, The pivot point:1,3090 was not reached giving a hint that euro/usd will go down to 1,3010.

Any…

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Added by Igor Titara on March 1, 2013 at 5:00am — No Comments

GOLD: Weakens, Targets The 1,554 level.

GOLD: With a second day of downside seeing GOLD declining strongly on Thursday, further downside is likely. This has exposed the 1,554 level where a violation will aim at the 1,530.00 level followed by the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,602.00 level and then…

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Added by fxtech on March 1, 2013 at 1:28am — No Comments

EURUSD- 4 Hour Chart;Further Downside Risks below 1.3017 towards 1.2875-1.2735 !

The EURUSD continued to maintain its bearish momentum the past few days after rejection from 1.3318 levels, pressure now will be on the key support 1.3017 ,EURUSD will have to hold below 1.3017 on a 4 hour closing basis to push the market for further downside loses  if seen this scenario could push the market further lower towards the 1.2875  levels, where a breach will turn focus on the 1.2735 levels, at this point I'd expect downside to be contained above 1.2735 levels to bring another…

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Added by Haitham653 on February 28, 2013 at 10:13pm — 2 Comments

EUR/USD back to 1,3410 as a corr wave

I see EUR ready for long from here with  a tiny stop lose , as the double bottom have to set here , anyway , this correction wave have to take us at least to 1.3410 , take care there because the big guys will short from our target , wishing u all a happy trade , good…

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Added by Walid H Mohamed on February 28, 2013 at 9:50pm — No Comments

CRUDE OIL UPDATE * Feb. 28

Crude has broken out of 7 day balance area it has been into.

currently sitting at 91.675 as I am wiritng this post, which is a key point – Due to last week´s beahaviour

I´m working towards the scenario of a big move in either direction.

To the downside, I´m looking into $91.50, followed by $91, $89.95, $89.75 & $89.30

To the upside, I would like to see $92.75 regained. Then, I will be looking into $92.90, $93.15 &…

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Added by Demian Pack on February 28, 2013 at 7:49pm — No Comments

HSBC - USDJPY Decision Tree... A Brilliant Piece of Analysis

You can agree or disagree with their conclusions..., but for me, this is a brilliant piece of analysis... Bravo for HSBC!

Francesc…

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Added by Francesc Riverola on February 28, 2013 at 7:30pm — 3 Comments

Gold update * Feb. 28

1595 & 1590 as important points for price to recover.

For longs I would be starting to become wary below 1586-85, being 1581-1580 another important spot – the closer price gets there (without appropriate buying response), the closer the sellers are to push price lower. 1575. 1572, 1569 as another key point I´ll be watching.

Might sound like a tautology, but that it is what I am seeing now.…

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Added by Demian Pack on February 28, 2013 at 4:11pm — No Comments

GOLD WILL GO BACK TO 1670

Added by Walid H Mohamed on February 28, 2013 at 4:11pm — No Comments

€uro update * Feb. 28

Still contained within the boundaries pointed yesterday.

1.3020-1.3000 as key price point, followed by 1.2940

Above, 1.3160-1.3140

Waiting game,…

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Added by Demian Pack on February 28, 2013 at 3:56pm — No Comments

Is trading Mental or Mathematical?

I was discussing this topic with a fellow trader and wondered if I could get some feedback here.  I trade a mathematical system and I have recently automated it so for me and my trading, emotion no longer has anything to do with it.  On the other hand most people do not use automation yet which means they are forced to wrestle with the psychological side.  So my question is this:  Does having a mathematical edge that is automated really alleviate the psychological side of trading?     

Added by Derek Frey on February 28, 2013 at 3:46pm — 22 Comments

$AUDUSD- continuation?

Currently we are at 1.0250  after a nice correction. We are looking now for the continuation to the support  @ 1.0221  (chance of inverse head and shoulder there) with further targets at the second wave S4 @ 1.0145  area.  The current average daily trading range (ATR) is 76 pips.…

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Added by Scott Barkley on February 28, 2013 at 2:14pm — No Comments

USDJPY Approaching Former Swing Lows That May Reach As A Resistance

USDJPY gapped higher on Sunday and then reversed sharply lower on Monday during the US hours when stock market fell. As such, wave (v) was a little short but still valid because pair reached new high at 94.53 and completed black wave 3. As such, we suspect that pair is now in a three wave retracement lower in wave 4 that may reach 90.00 level. One possibility is also a flat in wave four if rally from 90.92 will be in five waves.

If wave count below is correct, then pair should reverse…

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Added by Gregor Horvat on February 28, 2013 at 2:12pm — No Comments

Deutsche Bank - Exchange Rate Perspectives: The Dollar is Back

Deutsche Bank - "Almost all currencies appeared to have peaked against the dollar, and the more recent rise in USD/JPY suggest the broad dollar is embarking on a multi-year uptrend. Superior US growth should support the rotation from bonds to equities that will help the dollar. Abenomics shows the scope central banks outside of the US have to weaken their currencies against the dollar. China rebalancing away from investment provides a downside risk to the China-linked currencies that have…

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Added by Francesc Riverola on February 28, 2013 at 12:45pm — No Comments

ANZ - Thursday Trifecta Signals Buy Aussie

ANZ -
"• A trifecta of factors suggests the bottom of the range is likely in for AUD/USD
• These are: positive CAPEX data; RBA indifference around current AUD levels; large reserve managers holding AUD in their portfolios
• We are long AUD/NZD to reflect this view"

Added by Francesc Riverola on February 28, 2013 at 12:42pm — No Comments

The Sterling Pound 28th Feb

The USD remained enigmatic in NY session but Asian session pulled it down indicating weakening USD.

Expect the Dollar to show some weakness in Asian and London session , while NY will decide…

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Added by Sardar Uddin on February 28, 2013 at 12:12pm — No Comments

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