All Blog Posts (21,218)

EUR/USD & GOLD forecast 01.04.2013

EUR was calm on the Good Friday and the situation will be the same today too as most of the markets are in easter holidays. This week we expect PMI data release and ECB rate decision, of course no surprises in the ECB interest rate is expected. However i expect weak economic data from EUR and better over the atlantic. Weak EU data combined with the worse political situation in Europe will continue to push the EUR lower. Of course sometimes mr.Draghi causes sudden EUR jumps, so look closer…

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Added by Vladimir Mihaylov on April 1, 2013 at 4:49am — 2 Comments

CRUDE OIL: Rallies, Pressure Builds On The 98.22 Level.



CRUDE OIL: Having maintained its upside offensive, further gain is likely towards the 98.22 level. A breach will resume its medium term uptrend with resistance standing at the 99.00 level with a loss of there turning attention to the 99.50 level. On the downside, below 89.00 level must be traded to reverse its present upside bias. This if seen will aim at the 88.87 level where its rising trendline is located. A breather may occur here and turn it higher but if broken further downside…

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Added by fxtech on April 1, 2013 at 3:20am — No Comments

USDCAD to target 1.0523

First, I am not a journalist. Second, I trade part time. Third, I am currently long USDCAD with 4 positions at 98.55 with stops just below 1.0100. And finally, I am posting this for the forex trading sphere and like minded traders. Please do not trade according to my thesis. Due diligence is warranted.

With that out of the way, I am finally pleased to see the USDCAD is trading according to the underlying economics. I don't know why it took this long for the Canadian dollar to…

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Added by The Zedder on March 31, 2013 at 5:12pm — 4 Comments

The Five Ways Deflation Has Already Taken Hold

Very interesting article about delation/inflation.

A must to read, so click on the pictures for more.

(c) Bloomberg…

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Added by Ron Schelling on March 31, 2013 at 4:22pm — No Comments

US Dollar Index (Spot, not the futures contract)

The average on the 6 major pairs against the US Dollar has dropped in the last 4 sessions, from very strong to neutral.

For more click on the chart:

Added by Ron Schelling on March 31, 2013 at 4:17pm — No Comments

EUR/USD - Weekly Strategy (01-05 Apr 2013)

Recommendations: SHORT positions below 1.2847 with 1.2660 & 1.2500 as next targets.

Alternative scenario: The upside breakout of 1.2847 will call for a rebound to 1.2940/1.3047.

Description: The EUR/USD continued its bearish momentum last week, a short term bottom has been placed at 1.2750 levels, 4 hour close above the key resistance 1.2847 will confirm bottoming at 1.2750 and should pave the…

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Added by Haitham653 on March 31, 2013 at 2:00pm — 14 Comments

GBP/USD Outlook April 1-5

The British pound was down slightly against the dollar last week, as GBP/USD closed just above the 1.52 line, at 1.5201. This week could be eventful, as the highlights include PMI numbers and the Official Bank Rate. Here is an outlook of the events and an updated technical analysis for GBP/USD.

Last week saw disappointing data out of both the US and the UK. The UK Current Account Deficit widened, while the US had a particularly bad week, with poor…

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Added by Yohay Elam on March 31, 2013 at 1:22pm — No Comments

GU

GU :  Looking for initial 5150ish to 5250ish play or 100 odd pips as projecting on 2 hrs and 30 mins.. 8 hrs with bigger picture and  5277-80 is solid resis with 5130-33 as solid supp... Overall this has potential to the north side if can break 5280 clean for a move higher to late 53's..

GL..…

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Added by Tahir Khan on March 31, 2013 at 10:35am — No Comments

EURUSD: Sees Sharp Decline, Eyes Further Downside.

EURUSD: With a sell off reversing its corrective recovery the past week, further weakness is likely in the new week. This leaves the pair targeting the 1.2700 level with a loss of here turning attention to the 1.2660 level and then the 1.2600 level. Further down, support lies at the 1.2500 level.  Its weekly RSI is bearish and pointing lower supporting this view. On the upside, EUR will have to break and hold above the 1.3047 level to annul its downside and turn attention to the 1.3250…

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Added by fxtech on March 31, 2013 at 9:55am — No Comments

EURO

EURO; I'm finding hard to to do a proper layout for charts are kinda messy as in a price action wise.. This happens normally…

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Added by Tahir Khan on March 31, 2013 at 8:00am — 1 Comment

Hedge! Save your Hard Earned Money Smartly!

Fear of Loosing ... this is the factor ! Even a great plan comes up with a Break even! Specially for scalpers .. Let me share some Money management stuff's how i control my Scalp trades ..  

First Image : …

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Added by Jyotiprakash Pal on March 31, 2013 at 6:56am — 9 Comments

EUR/USD Forecast April 1-5

EUR/USD tumbled down to 4 month lows as the solution for Cyprus left worrying precedents for the future. The beginning of a new month puts the focus on Mario Draghi and the ECB. Will the central bank pull a new magic trick? In addition, we have PMIs as well as many other interesting events are on our list for this week. Here is an outlook for the upcoming events and an updated technical analysis for…

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Added by Yohay Elam on March 31, 2013 at 6:16am — 2 Comments

YEN / EJ

Pretty much details within the charts.. There is still one minor leg down on UJ around to 93.80ish possible but don't see it going further than that for the time been. In other words the correction on UJ is getting over and we could be riding back higher..

Up on EJ and suspecting as we have tried the lower side and time for a bounce is around the corner..

121.20-30ish looks decent on resis but an eventual break higher is seen with EJ surging... 

I also feel that EURO…

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Added by Tahir Khan on March 30, 2013 at 8:38pm — No Comments

Target Trading in the Forex upcoming week of April 1st ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2822 .  We are in a correction which indicates a continuation to the downside trend wall.  We are looking for a continuation to the S7/ support @ 1.2725.   We could have a short move to the upside trend wall first however.  The next major down target is the -01.270 fib extension @ 1.2843.  The average (14 day) daily true range (ATR) for the pair currently is 93 pips. …

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Added by Scott Barkley on March 30, 2013 at 3:39pm — No Comments

USDCHF: Pressure Builds On The 0.9566 Level.

USDCHF- The pair looks to return above the 0.9566 level following its rally the past week. An eventual return above here will set the stage for a run at the 0.9600 level followed by the 0.9773 level, its weekly ema. Its weekly RSI is bullish and pointing higher supporting this view. However, a return below the 0.9352 level will annul its past week gains and pave the way for further downside towards the 0.9230 level and possibly the 0.9150 level. Further down, support cones in at the 0.9100…

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Added by fxtech on March 30, 2013 at 2:48pm — No Comments

EUR/USD DAILY as of Friday, 29March, 2013



A Daily white body has formed (because prices closed higher than they opened).

For the past 10 Daily candlestick bars as of 29/03/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.

For the past 50 Daily candlestick bars as of 29/03/2013, there are 25 white candles versus 25 black candles.

A Daily spinning top has formed (a spinning top is a candle with a small real body).…

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Added by Martin Kay on March 30, 2013 at 12:54pm — No Comments

EURUSD Long Term : Adjustment on previous Demand.

I am anticipating this move towards the Demand level on a Weekly and Daily chart. They all at the same spot. A failed supply which is now flip a strong Demand. I am anticipating that this will be the turn for a bull run possibly for April. 

All i need now is a strong move down towards that demand…

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Added by Haji Warithu on March 30, 2013 at 12:30pm — 1 Comment

EURAUD / AUD

Added by Tahir Khan on March 30, 2013 at 9:23am — 1 Comment

Kudos to Haitham

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…

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Added by Oasis on March 29, 2013 at 6:07pm — 7 Comments

AUD/USD - Consolidates with downside bias!

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…

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Added by Haitham653 on March 29, 2013 at 1:18pm — No Comments

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