EURUSD is in recovery mode after a sharp fall down to 1.3300 last week. For now, rally from the lows cannot be counted in five waves and pair is also still trading well below 1.3518 invalidation level. Therefore, we think that complex corrective decline from 1.3710 is incomplete and that market will make one more push down, towards 1.3250 in this week to complete wave C of a second zig-zag that we are tracking. Pair is now testing a very important level around 1.3430/60 which appears to be…Continue
Added by Gregor Horvat on February 20, 2013 at 8:23am — No Comments
2 days of indecisive unchanged closes translated into investor buying yesterday. This matched the positive momentum highlighted in yesterday's report.
Net gains were modest but have been continued in Asia to an extent that intraday signals are at overbought extremes.
Nonetheless it is now likely that, temporarily, investors are likely to use setbacks as opportunities and so there is potential for 1.3467 or even 1.3521, last week's top.…Continue
Added by Alan Collins on February 20, 2013 at 8:19am — No Comments
Added by Sardar Uddin on February 20, 2013 at 7:35am — No Comments
Expecting the Yen to show Bearish trends. Posting one of our pairs in the Yen sereis, USD/JPY
If you decide to take this trade, let us know how it worked out for you.
Trading Forex (foreign exchange) on margin…Continue
Added by Carol Harmer on February 20, 2013 at 6:37am — No Comments
Added by Carol Harmer on February 20, 2013 at 6:22am — No Comments
Added by Carol Harmer on February 20, 2013 at 6:04am — No Comments
ASSALAM O ALEIKUM my dear fellows
congratulations yesterday was a brilliant day for us we get our suitable and nice profit
trend is bullish
today we have many data
today i think first EU will move up then drop again on data from usd
in h4 chart EU is bearish
- for long 1.3391 SL 1.3371 TP 1.3418
- for long 1.3405 SL 1.3385 TP 1.3430
EUR has reached my first long target and almost second one as the economic data from Germany was better than forecasted. Currently EUR is trading close to minor resistance @ 1.3415-20, there are two more important resistances either of which will stop further upside this week. First is 1.3455 and second is 1.3485. In fact on Daily we can clearly see that a H&S model is developing with neckline 1.3260. Breaking of that support will allow the pair to drop at least 100 pips down and maybe…Continue
Good Afternoon everyone
It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…Continue
Added by Rakesh Kumar on February 20, 2013 at 3:04am — No Comments
CRUDE OIL: With the commodity rallying to halt its corrective weakness, the risk is for Crude Oil to return to the 98.22 level.This is consistent with its broader medium term uptrend now on hold. A violation of the 98.22 level will set the stage for a run at the 99.00 level with a loss there turning attention to the 99.50 level. Further out, resistance resides at the 100.00 level. On the downside, support lies at the 94.95 level where a breach will call for a run at the 93.63 level. Further…Continue
Added by fxtech on February 19, 2013 at 9:32pm — No Comments
Wells Fargo - "U.S. Dollar Index (USD): We are mixed on the dollar, expecting gains against the major currencies but weakness against commodity and emerging currencies. Despite the Q4 slowdown, U.S. growth should remain stronger than the other major regions. The U.S. currency should thus gain against the major currencies, especially with technicals and positioning broadly neutral. Commodity and emerging currencies should outperform however, as stronger growth and favorable markets…Continue
Added by Francesc Riverola on February 19, 2013 at 5:17pm — No Comments
Recommendation 1 # : Buying the pair with an hourly closing above 1.3372 targeting 1.3415 and 1.3460 levels, stop loss below 1.3328 levels.
Recommendation 2 # : Selling the pair with an hourly closing below 1.3328 targeting 1.3285 and 1.3240 levels, stop loss above 1.3372 levels.
Added by Andrew Lewis on February 19, 2013 at 4:48pm — No Comments
Last month, meta quotes added new features for meatatrader 4 for android smart phones:
1- Crosshair: click on crosshair button, point to a specific bar and you can show open, high, low and close.
2- Pop-up window: It shows a pop up window near the crosshair , so you can show indicator values on the specified bar.
3-They also added weekly and monthly time frame..
4- To activate these features you need to go to settings .
5- To remove crosshair from the…Continue
Added by Haitham653 on February 19, 2013 at 4:09pm — No Comments
Or for LaZy traders like me;
S&P 500 = 1675
Gold = 1475
AUDUSD movement probably could not hold the pace down, the movement produced quite adequate for a stable direction, the decline could still be seen…Continue
Added by andik yuspita on February 19, 2013 at 1:59pm — No Comments
Currently we are at 124.81 after the pullback and tagging the top trend line. We are looking now for the continuation to the Support @ 123.32. There is a possibility that we will form a Head and shoulders pattern there. If not look for the continuation to the .786 @ 122.60 area. The current average daily trading range (ATR) is 208 pips.…Continue
Added by Scott Barkley on February 19, 2013 at 1:50pm — No Comments
USDJPY: The cross remains biased to the upside medium term though hesitating. It looks to return above the 94.45 level to trigger that uptrend. Further out, resistance resides at the 95.00 level with a turn above here aiming at the 95.50 level followed by the 96.00 level and next the 96.50 level. On the downside, support resides at the 92.20 level where a break will aim at the 91.70 level and then the 90.00 level. A cut through there will aim at the 89.00 level. All in all, USDJPY remains…Continue
Added by fxtech on February 19, 2013 at 1:05pm — No Comments
ANZ - "News today that China destroyed NZ milk cargoes, although not unexpected nor unprecedented, will provide a psychological base in AUD/NZD and coalesce with fundamental factors to see the cross higher in coming weeks
After several weeks of soggy price action, the cross is ripe for a correction, supported by what we expect will be a re-assessment of the market’s monetary policy expectations
We recommend being long AUD/NZD from current levels, looking for a tactical rally back…
Added by Francesc Riverola on February 19, 2013 at 11:46am — No Comments