I would like of buy aud/usd at 1,0266 with target of 1,03149 and SL:1,0250.
And stochs(8,3,3) sounds oversold it...
Lets see if Australia economy give us an expected boost.…Continue
Added by Igor Titara on February 25, 2013 at 2:19am — No Comments
Added by forex max on February 24, 2013 at 9:34pm — No Comments
GOLD: With a follow-through lower occurring the past week, further weakness is envisaged in the new week. This development leaves GOLD vulnerable towards the 1,554.04 level. This is consistent with its broader weakness triggered from the 1,795 level. Further downside pressure now eyes 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. On…Continue
Added by fxtech on February 24, 2013 at 8:56pm — No Comments
Added by Brent Carlile on February 24, 2013 at 8:51pm — No Comments
Daily & 4Hour charts
Daily we have seen a upward channel which made a top @ 1.3660... last fridays candle closed as a dragonfly doji.. after its downmove
4Hour we have a downward channel presenting lower highs + recent spikes to the downside...
Added by Ron Schelling on February 24, 2013 at 7:30pm — No Comments
I would like share what i'm thinking for eurusd trend.
All of us know that the trend is very bearish due many uncertainties on europe specially with Italian elections.
I would hope to buy the low pair and thus is better wait a bit to decline yet on this week.
Let's record that euro is oversold and the next logical inclination is up. Thus, to buy on dips seems buy opportunity. We shall wait till political wave end over in order to enter…Continue
Recommendations: Long positions above 1.3144 with 1.3290 & 1.3360 as next targets.
Alternative scenario: The downside breakout of 1.3144 will open the way to 1.3090/1.3000.
Description: The weekly close last week above 1.3171 , keeps a chance for a rebound to 1.3485 levels, looking to the weekly %(R) , It's approaching from the oversold area, on the daily chart , a daily close back above 1.3305…
We have identified three great trading opportunities for you in CAD/JPY, EUR/JPY and USD/CHF. Take advantage of these and be ahead of the market. It would be wonderful to know if you took these trades and how they worked out for you.
Feel free to leave your comments regarding any doubts or questions you may have about them.
Here's one of them:
The British pound’s woes continue as GBP/USD, shed another 300 points for the second week running. The pair closed at 1.5162. This week’s major events include GDP and Manufacturing PMI. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The markets continue to be concerned about the UK economy, which recorded a decline in Q4 of 2012. As…Continue
Added by Yohay Elam on February 24, 2013 at 1:40pm — No Comments
USD/JPY had a bumpy week, and was not able to capitalize on the soft G-20 statement of the dollar-supportive FOMC minutes. Has the pair found its range? Retail sales, housing and inflation data are the major events thus week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
The minutes from the Bank of Japan latest monetary policy meeting revealed…Continue
Added by Yohay Elam on February 24, 2013 at 1:37pm — No Comments
EURUSD: EUR extended its corrective downside the past week suggesting further declines could follow in the new week. Support lies at the 1.3100 level followed by the 1.3000 level where a halt could occur and turn it higher. However, if this level breaks, expect further declines to happen towards the 1.2900 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, to annul its present weakness, the pair will have to return above the 1.3710 level, a very tough…Continue
Added by fxtech on February 24, 2013 at 12:12pm — No Comments
Ratings agency Moody's has downgraded the UK's sovereign debt rating from AAA to Aa1. Please see below for the reaction from Fidelity Worldwide Investment’s investment team.
Trevor Greetham, Asset Allocation Director: "The Coalition set out trying to please the ratings agencies but the inflexible application of front loaded austerity is partly to blame for the lack of growth that led Moody's to downgrade its UK sovereign debt rating on Friday. Government, consumers and the…Continue
Added by Francesc Riverola on February 24, 2013 at 9:27am — No Comments
UBS - "The pound, like the yen recently, is undergoing a sharp devaluation against the other major currencies. Late on Friday, Moody's stripped the UK of its AAA rating citing continued weakness in Britain's medium term growth outlook. We remain bearish sterling and expect Cable to trade in a lower 1.40-1.50 range over the next couple of months.
Financial markets are set for a challenging week. (...) This week's key points for currencies are:
- Bernanke to be dovish but Fed hawks…
Added by Francesc Riverola on February 24, 2013 at 9:22am — No Comments
EUR/USD had a negative week, breaking down in a head & shoulders pattern as the dollar enjoyed the hawkish FOMC meeting minutes. Italian parliamentary elections, German retail sales and employment data are the major events this week. Here is an outlook on the main market-movers ahead and an updated technical analysis for EUR/USD.
Last week, promising figures were released from…Continue
Added by Yohay Elam on February 24, 2013 at 5:27am — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3180 after breaking the day chart trend line to the downside. We are looking for a continuation to the S6 support @ 1.3090 at the least and a bounce is possible there. Be aware that they may bounce it now back to the day chart trend and then go from there. The down target on a continuation is the bottom @ 1.3000. The average daily true range (ATR) for the pair currently is 114 pips. …Continue
Recommendations: Long positions above 92.21 with 94.45 & 97.70 as next targets.
Alternative scenario: The downside breakout of 92.21 will call for a rebound to 90.32 levels.
Description: The daily close above 92.88 levels, opens the way towards 97.77/99.56 levels,looking to the 4 hour chart, the pair finds bid at 92.21 levels, this scenario suggests further gains towards 97.77 and 99.56 levels, only a 4 hour close below 92.21…
USDCHF: With USDCHF maintaining a third-week of upside gains, there is risk of a recapture of the 0.9388 level, its Feb 18’2013 high. Further out, resistance comes in at the 0.9400 level followed by the 0.9456 level and then the 0.9511 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 0.9184 level where a violation will turn attention to the 0.9100 level. Further down, support comes in at the 0.9021 level and next the 0.8950 level.…Continue
Added by fxtech on February 23, 2013 at 1:10pm — No Comments
Congratulations to our community members Yohay Elam and Peter JCP... You are the best guys!
Congrats to Lisa as well for her second position... Way to go Lisa!