I would like us all to recognize the work Haitham does at forexstreet.net from another perspective. His knowledge and skills as an analyst and trader are unquestioned, well known to everyone here and have been appreciated on numerous occasions. It is Haitham's human qualities that I would like to highlight in this post.
Over the past few months my attention has been drawn to his posts and the comments/questions that they generate. Sometimes the questions asked are from…Continue
The AUD/USD maintained bearish momentum the past few day, a short term top has been placed at 1.0496 levels, pressure now will be on the key support 1.0340, losing this level on a daily closing basis will suggest that rise from 1.0114 is finished at 1.0496, If seen , this scenario will pave the way towards 1.0114 levels and even lower..
On the upside, the AUD/USD will have to hold above 1.0496 on a daily closing basis to push the market for further upside gains, If seen, this…Continue
Added by Haitham653 on March 29, 2013 at 1:18pm — No Comments
It’s been a rough week for the EUR/USD, but the pair is steady in Friday’s European session, trading in the low 1.28 range. The euro was helped by weak US data on Thursday, as employment and GDP numbers missed expectations. In Cyprus, banks across the country reopened for the first time in almost two weeks, with relative calm reported. In economic news, French Consumer Spending disappointed, as it was way off the…Continue
Added by Yohay Elam on March 29, 2013 at 10:39am — No Comments
EUR price went up yesterday for a while because of partly profit taking ahead of the Good Friday holiday. Today most of the markets will remain closed and low volatility is expected. We shall have significant moves next week as the new month starts and after some recovery to the upside more EUR drop will follow. Seems that EUR fall has no end, the news of Cyprus is starting to fade as the country slowly is trying to return to normal life, they have recieved bailout aid, so everything is…Continue
If EURUSD stays below 1.2850 and closes on 30 min chart below 1.2800 we could see another down move to first target 1.2715, and second target 1.2693. After that some recovery should be seen on EUR.
If EUR closes above 1.2850 on 30 min chart, it could mean start of bumpy reversal, and reach max of 1.29
These are my crystal ball predictions for 29-03-2013.…
Added by Viktor on March 29, 2013 at 5:49am — No Comments
GOLD: GOLD reversed its Wednesday gains to close lower on Thursday, turning attention on the downside. As long as it holds below the 1,604/19 level, the risk remains to the downside. Support resides at the 1,576 level. A violation will pave the way for a run at the 1,530.00 level with a breach aiming at 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…Continue
Added by fxtech on March 29, 2013 at 5:00am — No Comments
First at ALL, I wish happy Easter for my friends from FXSTREET.com
And you too Franscesc (owner)...
Despite the quiet day for next couple of days i like to think in next trades so far :D
Well... about the euro i don't see still reasons to enter long due lack of economic data... I was finally waiting for a bearish bin par and i think that we could think seriously to enter short.
The pin bar finally appeared…Continue
Added by Igor Titara on March 29, 2013 at 1:00am — No Comments
Westpac - "On Feb 26, we recommended selling EUR/GBP on strength. At the time we recommended selling 1/3 unit of EUR/GBP at 0.8640, and adding on strength above 0.8690 and above 0.8730. We established a full short position at an average price of 0.8718. We recommend taking back half of that short position. EUR/GBP has dropped sharply (down 3% from our sell level), driven by concerns about Cyprus, Italy, Greece etc.
We still expect further weakness in EUR, but the speed of the decline in…
Added by Francesc Riverola on March 28, 2013 at 5:11pm — No Comments
The GBPUSD maintained some bullish momentum the past few weeks, pressure now will be on the key resistance 1.5500, the GBPUSD will have to hold above 1.5500 on a weekly closing basis to confirm bottoming at 1.4830 and change medium term outlook from bearish to neutral, If seen pressure will be on the key resistance 1.5840 , where a breach will turn focus on the 1.6000 levels.
Alternatively, a failure to hold above 1.5500 on a weekly closing basis, could mean a return to the 1.4830…Continue
ING Bank - "With Eurozone worries depressing risk appetite once more, we will have to look to the other side of the Atlantic for more positive newsflow. Thankfully, it should be forthcoming this coming week in the US with the ISM manufacturing index pointing to decent growth and the labour report set to show ongoing employment gains and yet another fall in the unemployment rate. The unemployment rate has fallen significantly over the past couple of years and we look for it to drop to 7.6% in…Continue
Added by Francesc Riverola on March 28, 2013 at 4:00pm — No Comments
FX Studies is FXstreet’s customizable page with a wide selection of technical studies, fundamental data, tools and content filters. It is made of more than 40 widgets that the user can add to his/her own dashboard. All are adjustable to the trader’s time horizons, currency pairs and trading style.
We’ve recently added 6 new widgets…Continue
Added by Francesc Riverola on March 28, 2013 at 3:17pm — No Comments
EUR/USD DAILY as of Thursday, 28 March, 2013 Euro Dollar / US Dollar daily prices broke below the downside support level of 1.2800 yesterday. This is a bearish sign. This previous support level of 1.2800 may now provide upside resistance. This breakout is quite significant. Currently the RSI does not show any Failure Swings but Prices has set a new 14-day low while the RSI has not. This is a BULLISH DIVERGENCE. Euro Dollar / US Dollar daily closed below the lower Bollinger Band by 9.7%. This…Continue
Added by Martin Kay on March 28, 2013 at 2:34pm — No Comments
Deutsche Bank - "First, we believe the policy response in Cyprus has been very counter-productive. As of today, freedom of capital movement is suspended in Cyprus. Economic and Monetary Union across the entire Eurozone no longer exists.
(...) Second, we've been negatively surprised by political developments. It is looking increasingly likely that Italy will be heading towards a second general election, with an unpredictable…
Added by Francesc Riverola on March 28, 2013 at 1:40pm — No Comments
Currently we are at 142.64 in a sideways pattern which is still bearish. A breakdown of the rectangle pattern targets the Support cluster and .786 fibo @ 141.50 area. The current average daily trading range (ATR) is 201 pips.…Continue
Added by Scott Barkley on March 28, 2013 at 1:03pm — No Comments
UBS - "USDJPY BULLISH There is a major support at 93.11. While this holds, there is potential for resuming upside. Initial resistance is at 95.12, a break above would open 96.71.
GBPUSD BEARISH The broader bear trend is intact and support focus is at 1.5027, a break below would trigger deeper sell-off to 1.4832. Resistance is at 1.5207 ahead of 1.5269.
USDCHF BULLISH With trending and momentum indicators pointing higher, there is scope for further upside to resistance at 0.9567…
Added by Francesc Riverola on March 28, 2013 at 1:00pm — No Comments
Brown Brothers Harriman - "We expect the ECB to leave the door open for a cut in its next meeting, but that it will not panic into a move. Current weakness of the euro-area economy is not unexpected, so the bar for a rate cut is high. However, if, as we expected, the weakness is more prolonged, then that could lead to a cut. In addition, it might not be growth per se, but the risks of deflation that drives the decision. German and French inflation is low and falling. Measured inflation in…Continue
Added by Francesc Riverola on March 28, 2013 at 12:50pm — No Comments
Spotted this potential Head & shoulders pattern on USD/CHF weekly line chart...
IF this analysis is accurate. Euro will be pushing higher into…
Added by Shaun Powell on March 28, 2013 at 12:24pm — No Comments
Ummm!!!! Maybe a morning scalp forming for Breakfast :O
Added by Jyotiprakash Pal on March 28, 2013 at 3:45am — No Comments