HI Everyone, Looking at this setup for last two weeks
Have already secured +163 pips but there is potential for more
Let me know what you guys think of it
Added by Sardar Uddin on March 24, 2013 at 11:15pm — No Comments
GOLD: The commodity faces a reversal risk of its recovery gains in the days ahead. Unless it follows through on its past week marginal gains and climbs above the 1,619 level, the risk of returning to the 1,530.00 level cannot be ruled out. A breach will target 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. Conversely, GOLD will have to break and hold above the 1,619 level to…Continue
Added by fxtech on March 24, 2013 at 10:11pm — No Comments
I see a possible S H S change of direction on 4H chart. Looking to a fib move from last swing in order to long the euro. Entry 1.2950 and target 1.3080
This is my idea for the rest of the week…Continue
Added by HectorFXtrader on March 24, 2013 at 9:12pm — No Comments
Recommendations: LONG positions above 121.46 with 124.49 & 126.00 as next targets.
Alternative scenario: The downside breakout of 121.46 will open the way to 118.70/116.25.
Description: The EUR/JPY traded with much volatility last week, and dipped to 121.44 levels, this situation mixed up things a little bit , fall from 126.03 which is a second leg of 127.70 consolidation , was contained by the rising support from 118.71/118.95…
Looks Like we ready to March towards 1.3050! Lets see
UPDATE : …Continue
Added by Jyotiprakash Pal on March 24, 2013 at 1:30pm — No Comments
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The website gives more…Continue
Added by Ron Schelling on March 24, 2013 at 1:25pm — No Comments
The average on the 6 major pairs against the US Dollar has dropped in the last 4 sessions, from very strong to neutral.
For more click on the chart:
Added by Ron Schelling on March 24, 2013 at 1:20pm — No Comments
EURUSD: EUR’s recovery attempt remains in force but it continues to hold on to its weakness triggered from the 1.3710 level. It will have to follow through higher in the new week on its recovery or risk a return to the 1.2843 level followed by the 1.2800 level where a halt could occur and turn it higher. However, if this level breaks, expect further declines to occur towards the 1.2700 level. On the upside, to continue its recovery it will have to extend it to the 1.3250 followed by the…Continue
Added by fxtech on March 24, 2013 at 11:16am — No Comments
The British pound enjoyed another strong week, gaining over one cent against the US dollar. GBP/USD pushed above the 1.52 level, closing at 1.5229. There are nine releases in the upcoming week, highlighted by Current Account. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The pound took advantage of positive British data late last week. Retail Sales jumped 2.1%, its sharpest rise since March 2010. As well, Public…Continue
Added by Yohay Elam on March 24, 2013 at 11:04am — No Comments
EUR/USD was trading under a lot of pressure as the crisis in Cyprus dominated the news. This story continues evolving and will impact the pair also in the upcoming week. In addition, German retail sales, unemployment are the major event this week. Here is an outlook on the main market-movers ahead and an updated technical analysis for EUR/USD.
The most recent news from Cyprus is that a…Continue
Added by Yohay Elam on March 24, 2013 at 7:20am — No Comments
i am having some intuition that eur against jpy could decline further on Monday due many reasons: Unexpected jpy intervention, Italian elections on 24st/25st and economic history on Spain and obviously Cyprus.
At long overview i want to remain bullish. USD is powering,definitively. Before to buy euro again i would prefer to short it.
So, buy at @121.50 with tp1: 123.20 ; tp2:123.75 next targets.
I have noticed that the trend was…Continue
Added by Igor Titara on March 23, 2013 at 11:14pm — No Comments
With Cyrpess and Troika reaching a deal on a bailout as well as seasonal patterns continuing to exert their influence, I see further softening for the USD dollar until later April before USD resumes its strengthening against the EUR, GBP, and CAD.
Sell stops below 1.0100 for USDCAD with target at 1.0650, above 1.5400 for GBPUSD with target at 1.4800 and 1.3300 for EURUSD with target at 1.2650.
USDYEN correcting but I don't expect prices to fall too far.…Continue
Added by The Zedder on March 23, 2013 at 8:30pm — No Comments
USDCHF: With USDCHF vulnerable on corrective weakness, it may see further downside in the new week. However, if this fails to occur, expect the pair to recapture the 0.9566 level. A cut through here will mean further upside offensive towards the 0.9773 level, its weekly ema. Further out, resistance stands at the 0.9850 level. Conversely, support lies at the 0.9388 level where a reversal of roles is likely to occur and turn the pair higher. On the other hand, if broken additional weakness…Continue
Added by fxtech on March 23, 2013 at 6:31pm — No Comments
According to monthly chart, EUR/USD turned into a long term consolidation pattern since reaching 1.6038 in 2008, such consolidation is still in progress and range trading is expected to continue for some time between 1.1600 and 1.6038 levels...
If we take a quick look to the chart below, we can notice that price completed 4 waves from 1.6038 levels, to 1.1875 levels , the 5th from 1.4940 still unclear whether it finished or still in progress, at this point I have 2…Continue
Added by Francesc Riverola on March 23, 2013 at 10:53am — No Comments
Not surprisingly,,, None of the participant wants to show what they did on the day of the contest ..
To predict where the price will end is easy but to demonstrate what they managed on the day of the contest is ...
You need balls
My prediction at 1.9999 is simply a number that I said that I will not have any predetermined opinions which the price will move all decisions are taken when i trade ..…Continue
Recommendations: SHORT positions below 1.3100 with 1.2850 & 1.2700 as next targets.
Alternative scenario: The upside breakout of 1.3100 will call for a rebound to 1.3190/280.
Description: The EUR/USD maintained some bullish momentum last week, Intraday bias turns to neutral retesting the 1.3100 levels, pressure now will be on the key resistance 1.3100, EURUSD will have hold above the 1.3100 levels…
Societé Generale - You know guys that I am not a trader, but I find this a must read... correct me if I am wrong.
Added by Francesc Riverola on March 23, 2013 at 8:00am — No Comments
What Forex Target Traders See: We are currently sitting @ 1.2985 . This could still be a false breakout so keep that in mind when looking to go long. We are looking for a small pullback and then a continuation to the R5/ resistance @ 1.3220. If it is a false breakout - the down target is the double bottom @ 1.2843. The average daily true range (ATR) for the pair currently is 115 pips. …Continue
Added by Scott Barkley on March 23, 2013 at 12:23am — No Comments