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Target Trading in the Forex upcoming week of April 7th ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3009 .  We got the break out to the upside and now waiting for a correction before going long.  We are looking for a continuation to the R5/ resistance @ 1.3129.   The next major target above  is the -01.270 fib extension @ 1.3238s.  The average (14 day) daily true range (ATR) for the pair currently is 102 pips. …

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Added by Scott Barkley on April 6, 2013 at 3:24pm — No Comments

EUR/USD - Weekly Strategy (08-12 Apr 2013)

Recommendations: LONG positions above 1.2930 with 1.3047 & 1.3133 as next targets.

Alternative scenario: The downside breakout of 1.2930 will call for a rebound to 1.2847/1.2750.

Description: The EUR/USD maintained a bullish momentum last week, after the break above 1.2847 levels, support is at 1.2930 levels,so, as long as this level holds on a 4 hour closing basis, look for further upside gains…

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Added by Haitham653 on April 6, 2013 at 1:45pm — 4 Comments

USDCHF: Reverses Gains, Set To Weaken Further.

USDCHF- With the pair reversing its previous week gains to close lower below the 0.9352 level, further downside is expected in the new week. Further down, support comes in at the 0.9230 level with a breach of here setting the stage for a move lower towards the 0.9150 level. Further down, support stands at the 0.9100 level and then the 0.9000 level. Its weekly RSI is bearish and pointing lower supporting view. Conversely, USDCHF will have to violate the 0.9566 level to pave the way for a run…

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Added by fxtech on April 6, 2013 at 1:23pm — No Comments

EURUSD - Bullish, eyes on 1.3189 ahead of 1.3279 !

The EURUSD maintained a bullish momentum the past week, pressure now will be on the key resistance 1.3040, the EURUSD will have to hold above the 1.3040 levels on a daily closing basis to push the market for further upside gains, I f seen , it would target the 1.3189 levels, where a breach will turn focus on the 1.3279 levels, above 1.3279 will target 1.3370 ahead of 1.3577 levels..

On the downside. a failure to hold above the 1.3040 levels could mean a return to the 1.2900 levels -…

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Added by Haitham653 on April 6, 2013 at 12:16pm — No Comments

EUR/USD WEEKLY as of Friday, 05 April, 2013

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 Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended…

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Added by Martin Kay on April 6, 2013 at 2:51am — 2 Comments

GBPUSD: Pressure Seen Towards The 1.5260 Level.

GBPUSD: With the pair turning higher on Thursday, there is likelihood of a return to the 1.5260 levels. A violation will aim at the 1.5300 level followed by the 1.5400 level. Further out, resistance resides at its Feb 20’2013 high at 1.5450. Conversely, on continued downside, the danger is for it to return to the 1.4830 level. Below here if seen will resume its broader medium term downtrend towards the 1.4800 level. A violation will aim at the 1.4700 level. On the whole, GBP continues to…

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Added by fxtech on April 5, 2013 at 11:39pm — No Comments

AUDNZD short

Just love it when it makes sense to take a trade and price follows your direction without a fuss.

Added by Oasis on April 5, 2013 at 5:15pm — No Comments

ANZ - Medium Australian Dollar View: We are Long EUR/AUD, Neutral on AUD/USD

ANZ - "Foreign direct investment is still a fundamental underpinning to the AUD. This has been related to large-scale LNG projects but is increasingly being seen in real estate as well. This is related to higher yields on Australian residential and commercial properties relative to those in the rest of the developed world. The exchange rate remains subject to reserve diversification out of the euro, yen and US dollar. Japan’s efforts to reflate its economy will heighten the urgency of this…

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Added by Francesc Riverola on April 5, 2013 at 5:11pm — No Comments

Westpac - Strategy Trade Recommendation: Exit EUR/USD shorts

Westpac - "In the wake of today's weaker than expected US payrolls we have exited our EUR/USD short position at 1.2997. We opened the position on 8 March and added to it on strength for an average entry level of 1.3020. Stronger US data into early March was the main catalyst for the trade. Recent weaker US data is thus reason enough to scratch the trade.

Much has been made of supposedly biased US seasonal adjustment factors that have boosted jobs at the turn of the year in recent years…

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Added by Francesc Riverola on April 5, 2013 at 5:05pm — No Comments

1st Network eBook Coordinator Will Be Peter JCP.... Thanks Peter!

Hi everyone

On March 27th I dropped here the possibility to work out all together to create the 1st eBook of this community:

Do You Want To…

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Added by Francesc Riverola on April 5, 2013 at 11:54am — 3 Comments

Societe Generale - Being a USD Bull Heading For a Period of Weaker US Data?

I like how this guys writes... makes things seem very simple

Well done Sebastien Galy!

Francesc

 

Societé Generale - "This morning, the argument with a manager was that one may be a USD bull, but that we are headed currently for a period of weaker data (exclude this NFP print), leading to some USD underperformance. This suggests a period of consolidation and the usual fun with squeezing over-extended positions. The only risk is that the EM/USD trades turn from a…

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Added by Francesc Riverola on April 5, 2013 at 11:27am — No Comments

Fidelity - Views on Japan: Real demand will follow the monetary growth trend?

Fidelity Investments - The Bank of Japan (BoJ) held its first monetary policy meeting under the leadership of the new Governor, Haruhiko Kuroda, on 3-4 April. Amid heightened expectations, the qualitative and quantitative easing measures that it announced were bolder than anticipated and served to highlight a clear change in regime.

· The central bank shifted its policy target from the unsecured overnight call rate to the monetary base, which it committed to doubling within the next…

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Added by Francesc Riverola on April 5, 2013 at 10:48am — No Comments

Resitence Pivot Support calculation for beginers

  • Res3 = H +…
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Added by Giriprasad Krishnappa on April 5, 2013 at 10:34am — No Comments

GBPUSD: Bullish, Threatens Further Upside Gains !

The GBPUSD  continued to maintain its bullish momentum the past few days, pressure now will be on the key resistance 1.5245, the GBPUSD will have to hold above the 1.5245 levels on a daily closing basis to push the market for further upside gains, If seen , it will aim 1.5320 where a breach will turn focus on the 1.5500 levels.

On the downside, a failure to hold above the 1.5245 levels, could mean a return to the 1.5033 levels, to reverse risks to the downside , the…

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Added by Haitham653 on April 5, 2013 at 10:00am — 2 Comments

EUR/USD – High After Draghi, Ahead of NFP

EUR/USD was extremely volatile on Thursday, following the ECB rate announcement and remarks by ECB head Mario Draghi. The euro initially dropped about one cent, but then rebounded strongly to post gains on the day, as the pair closed above the 1.29 level. The ECB maintained interest rates at a record low of 0.75%. In the US, Unemployment Claims were a big disappointment, hitting their highest…

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Added by Yohay Elam on April 5, 2013 at 9:48am — No Comments

HSBC - JPY Short-term prospects: JPY likely to remain on the defensive for now

HSBC - "The JPY is likely to remain on the defensive for now. In the run-up to the meeting, the market had become wary that the BoJ would under-deliver and USD-JPY had weakened from close to 97 in March to 93. The knee-jerk reaction following the BoJ announcement has reversed much of this move, and it is likely that USD-JPY will continue to trade above 95 in the coming weeks. After all, the proposed pace of QE by the BoJ is roughly USD70bn a month, not far shy of the Fed’s USD85bn QE3…

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Added by Francesc Riverola on April 5, 2013 at 8:48am — No Comments

Is Gold On Its Way To 1525

Added by Carol Harmer on April 5, 2013 at 6:33am — No Comments

EUR/USD & GOLD forcast 05.04.2013

Finally the downside which lasted for two months is over, we are back again above the MA200. Mr.Draghi fueled the EUR rocket and now it's flying up with full speed, first restistance to break is 1.2950 then 1.3000 and 1.3030, finally 1.3080. We have support at 1.2910 and 1.2880 where is MA200, now serving as a good support. So my advice is buy above 1.2880 in the area 1.2880-1.2910 with target above 1.3000. Today some important data from Germany and in the beginning of the american session…

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Added by Vladimir Mihaylov on April 5, 2013 at 5:06am — 4 Comments

Gbp/Usd May Well Be Making A Med Term H&S Pattern

Added by Carol Harmer on April 5, 2013 at 4:48am — No Comments

NFP Report Could be Deceiving

Tomorrow is the first Friday of the month, which usually means non-farm payrolls. The US jobs report for March is due for release at 8:30 a.m. EDT.

As this article explained, traders should tune in when Chicago Fed president…

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Added by Curt Wehrley on April 5, 2013 at 4:37am — No Comments

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