Last week saw an end to a sequence of 4 positive weekly performances and a complete change in investor sentiment.
The resulting deterioration was the most aggressive for more than 2 years with the preceding week's entire upside reversed- sold at lower levels on each day. This move emphasised the importance of the failure to test a key 76% recovery point and with prices now hugging the lower end of the Keltner channel we look for a bearish trend to develop.
Allowing for initial…Continue
Added by Alan Collins on February 11, 2013 at 8:30am — No Comments
The recording of my today webinar is available in the given below link explaining the expected market moves for this week.
You may use the info provided as additional input while taking trading…Continue
Added by Dr. Sivaraman on February 11, 2013 at 8:28am — No Comments
Added by Carol Harmer on February 11, 2013 at 8:21am — No Comments
Added by Francesc Riverola on February 11, 2013 at 7:21am — No Comments
The pair dropped last week affected by the AB=CD bearish harmonic pattern, trading now below the first target of the pattern at 38.2% correction of the CD Leg at 1.3440. Stability below the mentioned level might extend the downside move reaching 61.8% correction at 1.3270 levels, a break of which might take the pair to test the key medium-term support of the bullish wave. Despite oversold signals on Stochastic, trading below 1.3440 levels will keep the bearish…Continue
Added by Honey Bhai on February 11, 2013 at 7:10am — No Comments
The pair dropped again after the sharp upside movement, Linear Regression Indicators offer a negative bias with the beginning of this week accompanied by the breakout below the key support of a reversal Rising Wedge (a negative technical pattern). Trading below 93.05 indicates possible extension of the downside move to test 91.65 levels shown on the graph. I should point out that stability above 93.80 levels might trigger a new bullish…Continue
Added by Honey Bhai on February 11, 2013 at 6:55am — No Comments
EUR continues to slide after ECB rate decision and mr.Draghi's speech. Please note that 1.3210-1.3170 support zone is critical for the EUR upside trend. If we have a weekly close below this will mean we are going down below 1.3000 for sure. Daily support is @ 1.3250, next support levels as i've said are 1.3210 and 1.3170. I expect a bounce from there and a new upside wave to 1.3400-1.3450 a fail there and another fall this time to 1.3000 and maybe below. Daily indicators show that EUR is in…Continue
ASSALAM O ALEIKUM my dear fellows
i know in previous days market was golden and i,m sorry that i was not with you
trend is bullish
today i think EU can go to up due to euro group meetings and look today we have no more important…
Looking at the 4 hour chart below, the pair broke below the rising support from 1.3037/1.3264 levels last week after topping at 1.3710, at this point downside from 1.3710 should be contained well above 1.3300 levels 61.8% retracement of 1.3037/1.3710 levels and 38.2% retracement of the big run 1.2661/1.3710 to bring rebound to the upside , but recovery most likely will be limited below 1.3458/1.3597 levels and another decline is suggested from this level.
On the downside , a clear…Continue
Added by Demian Pack on February 11, 2013 at 3:37am — No Comments
China's trade data for January reported that monthly exports surging by 25 percent and import up by 28.8 percent from year ago. Rising exports helped trade surplus to rise by $ 29.2 billion that was far better than expectations. While the US trade data shrank to $ 38.5 billion in December, smallest since January 2010, could mean that 4th quarter GDP will make an upward revision instead of contracting by 0.1 percent, as previously announced.
Added by asad rizvi on February 11, 2013 at 3:00am — No Comments
Added by Demian Pack on February 11, 2013 at 12:00am — No Comments