On Friday we saw some EUR/USD spikes and nose dives below 1.3224. As today is the new week with less important news, I don't think we will be going further north. It seems that selling the price from 1.3184 (in case of a breakout) with stops above 1.3231 can be a good idea to make some pips. Right now I am still buying the price from 1.3200 level, but with such vague movement, I don't think we can make it back to 1.3299 and higher. My profit targets of long positions are set at 1.3228 and…Continue
Instrument Trend Recommendation 10-6-2013
Sell below 1.3225TP1.3175/50,SL1.3255 BOB 1.3275
Sell below,1.5540 TP1.5475/50 ,SL1.5575 ,BOB1.5585
GOLD Sell below 1385 TP1377/72,SL1390 ,BOB1395
Buy above 97.90,TP98.50/90,SL97.60.BOS 97.50
Sell below 96.20,TP95.50/95 ,SL96.50 BOB 96.60
Sell below 21.70,TP 21.50,SL21.80,BOB 21.90
Added by Usman Ali on June 10, 2013 at 6:07am — No Comments
Added by Carol Harmer on June 10, 2013 at 5:43am — No Comments
After reaching 1.3305 on Thursday the EUR was unable to record a new high, even it didn't give a try to, some partly profit taking took part on Friday. If we manage today to stay above 1.3200 and to test 1.3250-80 again it is possible to make a flag formation which will open the way above 1.3300 level but i doubt that this scenario has a future. On Daily the nearest support is below 1.3100 and breaking below 1.3200 will increase bearish pressure to 1.3100 and even below. However 1.3050-60 is…Continue
Added by Vladimir Mihaylov on June 10, 2013 at 4:27am — No Comments
The pound rocketed higher, gaining 350 points against the US dollar. GBP/USD closed at 1.56784. This week’s major events include Manufacturing Production and Claimant Count Change. Here is an outlook of the events and an updated technical analysis for GBP/USD.
British economic data looked good last week, as all three PMIs beat their estimates, and all were above…Continue
Added by Yohay Elam on June 9, 2013 at 4:47pm — No Comments
Last week, there was lot of excitement amongst investors due to monetary policy announcement by Australian (RBA), European (ECB) and Britain’s Central Bank (BoE). Nothing very extraordinary happened, as all three Central Banks showed their concern about economic recovery, but all opted for hold.
ECB President Mario Draghi, as always tried to give sweetener is his talk to the press about recent improving economic conditions in the Euro-zones, though…
Added by asad rizvi on June 9, 2013 at 1:25pm — No Comments
hello.i want to shows interesting orders for this week..GBPUSD...sell limit 1.5685 sl 1.5690 tp 1.5660-1.5655-1.5615...sell limit 1.5700/04 sl 1.5710 tp 1.5685-1.5660...sell limit 1.5770 sl 1.5795 tp 1.5750-1.5705...sell limit 1.5788(61.8%fib)..sl 1.5803 tp 1.5760-1.5705-1.5685-1.5605...EURUSD:sell limit 1.3285 sl 1.3310 tp 1.3250...sell limit 1.3305 sl 1.3310 tp 1.3285-1.32450...sell limit 1.3340 sl 1.3355 tp 1.3305-1.3285-1.3245..buy limit 1.3115 sl 1.3100 tp 1.3165/70..gold looks on cable…Continue
Added by gregorian on June 9, 2013 at 12:57pm — No Comments
Added by Romano on June 9, 2013 at 11:56am — No Comments
On May 7th the interest rate was cut by the RBA from 3.0% to 2.75% and that immediately brought a steep fall for the Australian Dollar. The following daily chart of AUD/USD shows the price action and fall since that day.
Added by Himanshu Jain on June 9, 2013 at 11:02am — No Comments
Important points and notes:
1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- I highly recommend using divergences techniques, to find possible turning point…Continue
From BullionVault 7 June 2013 GOLD and silver prices whipped sharply Friday lunchtime in London, as new US jobs data matched analyst forecasts with a 175,000 rise in Non-Farm Payrolls for May and a slight rise in the jobless rate to 7.6%. Having touched 1-week highs above $1419 per ounce on Thursday, gold fell back through $1400 Friday as European stock markets erased earlier losses. Silver lost and then regained 30¢ per ounce before falling again through $22.40, also near this week's lowest…Continue
Added by anita88 on June 9, 2013 at 3:44am — No Comments
EUR/USD moved higher in a turbulent week, riding on dollar weakness and on a calming message from Draghi. Industrial production, ECB Monthly Bulletin and Inflation data are the major events this week. Here is an outlook on the main events ahead and an updated technical analysis for EUR/USD.
Mario Draghi said …Continue
Added by Yohay Elam on June 8, 2013 at 11:21pm — No Comments
Yesterday during NFP release I decided to trade CADJPY instead of looking for trades on EU. CAD had had fantastic data released and JPY was weak as shown by price action on other JPY crosses, so this pairing made for an ideal long trade. CADJPY gained over 270 pips and best of all in a very smooth and consistent rise, During this time I was also pulling Peter's leg about (my so called-his obsession with trading EURUSD). EU made some moves too but rather inconsistent and weak by…Continue
Added by Oasis on June 8, 2013 at 11:00pm — No Comments
The GBPUSD maintained a bullish momentum last week after topping at 1.5683, now pressure will be on the key resistance 1.5683. The GBPUSD will have to hold above the 1.5683 levels on a weekly closing basis to push the market for further upside gains,If seen ; expect the market to strengthen further towards the 1.5915 levels ahead of the 1.6215 levels, where a breach will turn focus on the 1.6540 levels.
On the downside, support is at 1.5191 ahead of the 1.5007 levels, then…Continue
Added by Haitham653 on June 8, 2013 at 10:13pm — No Comments
Added by Ron Schelling on June 8, 2013 at 9:00pm — No Comments
Ranking the major currency pairs and crossrates.
Click on the table for more.Continue
Added by Ron Schelling on June 8, 2013 at 9:00pm — No Comments
Plenty of emotion here today, so let's not speak about charts. I realized that we have all somehow become a part of each others lives. Even though there may not be a face to a (screen) name, we still have a connection. The thought of the name of a person does carry it with an association to something like colorful charts/statistics/ichimoku or whatever. We all probably made some kind of impact on each other - it might even be something negative but this faceless contact has linked…Continue
Added by Oasis on June 8, 2013 at 7:31pm — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3219 after a bounce on the day chart trend wall. We are in a big wedge which means we could break either way. A break up of the 1.3341 ( .382 Fibo) signals a bullish market and the target would be the 1.3637 R8 Resistance. A failure to break indicates that the down trend is still in place and we will look for the move to the day chart bottom @ 1.2752. Wait for a clear signal. The average daily true…Continue
Added by Scott Barkley on June 8, 2013 at 2:53pm — No Comments
USDCHF – Having closed lower for a third consecutive week, there is risk of further weakness in the new week. The immediate challenge is for USDCHF to overcome its support located at the 0.9225/05 levels. Further down, support stands at the 0.9150 level where a violation will expose the 0.9100 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9400 level where a breach will target the 0.9450 level and then the 0.9566 level.…Continue
Added by fxtech on June 8, 2013 at 12:30pm — No Comments