EUR/USD continues to climb, as the pushed across the 1.36 level early on Friday. The pair is now at highest level since November 2011. The euro received a boost from German Unemployment Claims, which posted their lowest level since last March. In the US, this week’s GDP and employment numbers were weak, and the markets will be hoping for better news from Friday’s key employment releases – Non-Farm… Continue
Added by Yohay Elam on February 1, 2013 at 9:19am —
EURUSD is trading nicely higher since we called end of a wave ii) pull-back at 1.3413. Notice that market moved higher in five waves from that swing low, which represents impulsive wave iii) of a larger five wave rally. As such, we favour more upside on EURUSD, even towards 1.3700 but before that be aware of a corrective wave iv) retracement back to 1.3550. Larger trend however remains up as long as 1.3480 is not breached, therefore trader should stick with longs.
If you are…
Added by Gregor Horvat on February 1, 2013 at 8:38am —
The last 4 days have seen consolidation around .8600 after Monday's gains extended the last 3 weeks of upside.
However the last 3 days have seen consolidation and a growing divergence in momentum that should be a warning sign to bulls.
Despite gains overnight we look for a more significant corrective move back towards .8528.
Only hourly close beyond .8607 negates that view.…
Added by Alan Collins on February 1, 2013 at 8:32am —
Added by Naveed Anjum on February 1, 2013 at 8:29am —
Added by Naveed Anjum on February 1, 2013 at 8:29am —
Added by Naveed Anjum on February 1, 2013 at 8:28am —
UBS - "EURUSD BULLISH All evidence suggests there is scope for more upside and the next major resistance is at 1.3833. Support lies at 1.3482.
USDJPY BULLISH There is potential for extension of the strength to test the major resistance at 94.13. Support is at 90.33.
GBPUSD NEUTRAL The latest recovery indicates there is scope for a test of resistance at 1.5927 ahead of 1.5986. Support is at 1.5775 ahead of 1.5675."
Added by Francesc Riverola on February 1, 2013 at 8:18am —
Added by Carol Harmer on February 1, 2013 at 8:01am —
Recommendation: LONG positions above 1.3570 with 1.3630 & 1.3700 as next targets. Continue
Alternative scenario: The downside breakout of 1.3540 will open the way to 1.3475/25.
Comment: The pair found bid yesterday at 1.3540, this scenario is supposed to push the pair further higher towards 1.3700 levels,momentum indicators show that the pair is strongly overbought so it might correct lower before…
Added by Haitham653 on February 1, 2013 at 7:58am —
GU 5905 Kicker LVL
5905 pretty much comes in line in the sand lvl for the GU..
Breaks it is heading for the second breakout and this one would be the main.. Also hint of an Inv HNS with this lvl been the neck.
8 hrs and pretty self explained.. Thick darker blue TL is the focus here and a break with a close higher would blow the top…
Added by Tahir Khan on February 1, 2013 at 7:32am —
Added by Naveed Anjum on February 1, 2013 at 7:24am —
Added by Naveed Anjum on February 1, 2013 at 7:03am —
Today is a Big Day,Elliott flat correction down 1652.00 Continue
There is bearish potential for a fall to 1654.10 while 1667.51 - 1672.27 resist.
After this fall a recovery up to 1672.27 or 1677.02 is…
Added by Naveed Anjum on February 1, 2013 at 6:45am —
EUR has finally reached 1.3620 forecasted target from yesterday and still the bullish push higher is very strong, with absolutely no signs of reversing on any time frame. Seems that there is nothing to stop the generalized dollar weakness. Next target is around 1.3700-1.3720. With the dramatically rising jobless claims dollar future is bad. Today's NFP if bad will be the final nail in the dollar's coffin. Then target will be 1.4000 and above. Until next talks to money transfer for Greece, do… Continue
Added by Vladimir Mihaylov on February 1, 2013 at 6:10am —
Added by Muthusamy on February 1, 2013 at 5:17am —
ASSALAM O ALEIKUM my dear fellows
yesterday we had monthly closing but it did not effect much on market but but but today is black friday
trend is bullish
today we have many data from EU and USD
- today there will be a war betweeen them and i think EU will win
- old man saying that today bulls are strong
on my channel EU…
Added by Hussain malik on February 1, 2013 at 5:00am —
Recommendation:LONG positions above 1.3300 with 1.4000 & 1.4500 as next targets. Continue
Alternative scenario: The downside breakout of 1.3000 will open the way to 1.2660/1.2000.
Description: Bullish momentum breakout has been completed on the monthly chart at 1.3616, this scenario suggests further gains to 1.4000/1.4500 levels, but also bearish correction to 1.3000/1.3300 levels is suggested…
Added by Haitham653 on February 1, 2013 at 2:00am —
Added by Shaun Powell on February 1, 2013 at 12:53am —
This post is oriented for:
- people that cannot make money consistently using their current strategies
- people that trade indicators signals and are struggling or
- people that can barely make any profit or make it even - especially using indicators
- people that use indicators and can make some profits but dont feel sure/secure enough using it or feel its too random and unpredictable
If you are perfectly profitable using indicators or trendlines or… Continue
Added by Romano on January 31, 2013 at 10:23pm —
stopped out today, hopefully recover from this.. MAJOR support level we need a bounce
End of the month, choppy today
Added by Shaun Powell on January 31, 2013 at 6:00pm —