Price action suggests we are going higher from here aftter 2 days of choppy and sideways action...riding on the 50 MA 4HOUR
I will be buying this pair on any dip on the 15 min chart! target as shown above possible entries @ 0.9290 with stop losses below…Continue
Added by Shaun Powell on January 24, 2013 at 8:00am — No Comments
1- Germany may isolate itself "economically" from the EU, If seen, It won't pay a single EURO for any country !!!
2- U.K is the hidden player behind the last rise that resumed last Nov (1.2661), it may stop supporting the euro during the coming weeks or months..
3- Will US economy grow in…
Added by Carol Harmer on January 24, 2013 at 7:52am — No Comments
Added by Carol Harmer on January 24, 2013 at 7:31am — No Comments
Added by Carol Harmer on January 24, 2013 at 6:51am — No Comments
Recommendation: SHORT positions below 1.3354 with 1.3280 & 1.3250 as next targets.
Alternative scenario: The upside breakout of 1.3354 will open the way to 1.3400/1.3450.
Comment: The pair was capped yesterday by the upper trend line of the downward channel , and the bearish divergence , more loses to 1.3250 levels are suggested, above 1.3354 will reverse risks to the upside to 1.3400/450…
Added by Sardar Uddin on January 24, 2013 at 5:28am — No Comments
ASSALM O ALEIKUM my dear fellows
trend is bearish
yesterday EU drop well
today we have data from EU, GBP and US
and today on these data there is much chances that EU can drop
from last two days EU moving like a big wave some time up some time…
EUR is performing a consolidation within 1.3260-1.3360 range and on H4 entered the positive Ichimoku, and if in the next 48h from the time of writing the price is not able to close above 1.3360, then it will face the risk to drop 1.3170 and maybe below to 1.3060-30. The support remains 1.3260-70 if we have a daily close below that - then sell with a first target 1.3200 and second 1.3170, third 1.3120 and fourth 1.3060.
On the upside go long above 1.3360 with first target…Continue
Added by Gino R. on January 24, 2013 at 2:54am — No Comments
Royal Bank of Scotland - "The AUD has ground its way gradually higher over the last three months, this has occurred despite further steady declines in its yield advantage as the RBA has cut cash rates to revisit the 2009 lows, and the market continues to predict further cuts this year, around 50bp of cuts.
(...) The prevailing sentiment is that the strength in the AUD is more permanent, but that it will struggle to rise further, already very expensive in a purchasing power parity sense.…
Added by Francesc Riverola on January 23, 2013 at 4:42pm — No Comments
We are sure that stocks traders have some very good time these days when markets are up day by day. We were successfully tracking this impulse up on S&P500 over the past few days which may not end anytime soon. But you however should be aware of a possible corrective pull-back from 1500 psychological level.
From an Elliott wave perspective we have five waves up in wave 3 which may end at Fibonacci some of the extension levels as shown on the chart, around that 1500 figure.…
Added by Gregor Horvat on January 23, 2013 at 3:35pm — No Comments