Happy New Year Everyone !!!
Here are my first analysis for 2013, let hope 2013 brings us all alot of pips, with that lets get trading !!!
Market open with some significant gaps in some pairs after holidays. Last week market get back into rhythm and this week everything start again....
Outlook USD Weak
Foreign Currency Reserves …Continue
Added by Sardar Uddin on January 7, 2013 at 3:25am — No Comments
The world financial market did survive, albeit meekly, a scary 2012. The Eurozone sovereign debt crisis that went through a long phase of struggle before making a recovery appears to be in a better shape and China, which was struggling to make a strong comeback, is now on a recovery path.
And then finally a last minute patch-up by the US Congressmen did not allow 'fiscal cliff' to overstep the deadline last week. But this does not ensure that there will be economic hiccups as the…
buy euro usd now and take a stop loss of 1.2997 take profit at 1.3155
GOLD: Unless GOLD triggers a corrective recovery following its flat close the past week, our broader bias remains to the downside. Support lies at its December 2012 low at 1,625 level. Further declines could mean a return to the 1,600.00 level, its key psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,582.10 level. Its weekly RSI is bearish and pointing lower supporting this view. GOLD must return to 1,694 level to…Continue
Added by fxtech on January 6, 2013 at 11:46pm — No Comments
Currency Correlation Matrix
Added by Curt Wehrley on January 6, 2013 at 11:45pm — No Comments
My first Trade of the Week (TOTW) post for the new year features a classic example of a role reversal scenario.
The EUR/USD price established a four-month high near the 1.3165 level in mid-September of last year. After the euro breached that September high in mid-December, that same 1.3165 zone served as a floor for the pair through the first trading day of 2013.…Continue
Added by Curt Wehrley on January 6, 2013 at 11:18pm — No Comments
Added by Gregor Horvat on January 6, 2013 at 5:58pm — No Comments
Added by Ron Schelling on January 6, 2013 at 2:16pm — No Comments
EURUSD: With EUR declining to close the week lower, further bear threats are expected in the new week. However, we expect further declines to be capped at its rising trendline support at 1.2928 level. This if seen should push the pair back up towards the 1.3144 level where a violation will call for a run at the 1.3307 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. Conversely, a turn below its trendline support and its 200 daily ema at 1.2944/21…Continue
Added by fxtech on January 6, 2013 at 11:15am — No Comments
USD/JPY continued moving higher in what became a vertical move. The pair reached 30 month highs. Will it make a pullback or at least take a break? Current account is the highlight event of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
Te move higher was due to the …Continue
Added by Yohay Elam on January 6, 2013 at 11:15am — No Comments
EUR/USD retreated in the first week of 2013, after another attempt to break higher evolved into a downfall. The fiscal cliff deal boost proved temporary after the Fed showed less dovishness. The focus shifts to Europe, with an all-important rate decision as well as employment data. Here is an outlook on the main market-movers this week and an updated technical analysis for EUR/USD, now at lower…Continue
Added by Yohay Elam on January 6, 2013 at 7:25am — No Comments
Added by Ron Schelling on January 5, 2013 at 5:00pm — No Comments
USDCHF: The pair held off lower prices and turned higher on correction the past week suggesting further upside. However, the barrier is its declining trendline (red) which must be broken to extend the mentioned correction. As long as the trendline remains there as resistance, there is risk of USDCHF returning to the 0.9082 level. If this is broken further weakness will aim at the 0.9041 level where a breach will turn attention to the 0.9000 level. Price hesitation may occur here due to its…Continue
Added by fxtech on January 5, 2013 at 4:50pm — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3072 strong correction. Expecting to start the process of building an uptrend which would need a thrust upward and then a pullback to a higher low. Any thrust upward should be approached cautiously since it might only be a pullback to keep the down move intact. Prefer to sit on the sidelines for a while. If the current move does prove to be a false breakout we will look for a retrace to the 0.214 Fibo/R4 @…Continue
Added by Francesc Riverola on January 5, 2013 at 3:09pm — No Comments
Recommendation: SHORT positions below 1.3112 with 1.3000 & 1.2900 as next targets.
Alternative scenario: The upside breakout of 1.3189 will call for a rebound towards 1.3308.
Comment:.Intraday bias is on the downside and current fall from 1.3308 could extend to 1.2900 levels and below, but still viewing this fall from 1.3308 as correction, so I expect strong support from 1.2875/1.2735…
2012's Hottest Commodity: Lumber. Physical lumber prices jumped 40 percent to the current $365 in 2012. Since March 2009, when the physical price of Lumber hit a low $195, the market has come rocketing back, rising 87 percent to $365 in recent trading,…Continue
Added by Ron Schelling on January 5, 2013 at 10:30am — No Comments
S&P500 FUTURES (ES_F)
NASDAQ FUTURES (NQ_F)
Added by Demian Pack on January 4, 2013 at 6:54pm — No Comments