Added by Thangadurai on February 8, 2013 at 8:41am — No Comments
Long time no see (as usual), sorry for that! I hope all of you are doing well and trading's happy :)
I've been watching closely GBPUSD these weeks, and what I see on my weekly chart is:
There's a support trendline starting from…Continue
Added by Rao Khassan on February 8, 2013 at 8:11am — No Comments
Recommendation: SHORT positions below 1.3417 with 1.3370 & 1.3340 as next targets.
Alternative scenario: The upside breakout of 1.3417 will call for a rebound to 1.3450/80.
Comment: The pair put a temporary top at 1.3417, as long as this level holds It will dip to 1.3370/40 levels, break of 1.3417 will call for a rebound towards 1.3450/80 levels before the next fall.…
Added by Haitham653 on February 8, 2013 at 8:02am — No Comments
UBS - "EURUSD BULLISH The strong support is at 1.3354. While this holds, the risk is for resumption of strength. Resistance is at 1.3578 ahead of 1.3711.
USDJPY BULLISH The pair is consolidating below the strong resistance at 94.13. Support at 91.77 should hold in the near-term.
GBPUSD BEARISH Bearish trend conditions persist. A break below 1.5631 would extend weakness to 1.5578. Resistance is at 1.5805."
Added by Francesc Riverola on February 8, 2013 at 7:58am — No Comments
According to the daily chart posted below, bearish momentum breakout happened yesterday at 1.3370, a daily close below this level will confirm the breakout and target 1.3280 levels then 1.3150 levels where strong rebound is suggested and another rally will start from here , If 1.3150 fails, most likely it will find strong support around 1.3030, but that depends on 1.3370, only a daily close below this level will suggest the targets mentioned above!!
The second option is; If the the…Continue
Added by Sardar Uddin on February 8, 2013 at 7:51am — No Comments
The negative pressure on the pair extended after the breakout below the key support level of the upside move followed by 1.0344 levels. Linear Regression Indicators tends to be negative and that might extend the bearish move. We should not ignore the positive signals on Stochastic that might trigger an upside correction or fluctuation within the downside wave...
Recommend: Selling the pair below 1.0330…Continue
Added by Honey Bhai on February 8, 2013 at 7:41am — No Comments
The pair fell sharply due to returning below 1.3540 levels yesterday, affected by AB=CD bearish harmonic Pattern. The pair stabilized below the first target of the harmonic pattern represented in 38.2% correction at 1.3440 levels. stability below 38.2% correction would extend the downside move reaching the second target at 1.3270 levels (represented in 61.8% correction of CD Leg of the pattern), passing by 50% correction minor…Continue
GU -- 5670 possible test looms..
EU -- 3425 initial resis but bigger picture makes 3460 prime resis and 3300-05 as prime supp for 2day..
YEN 4 hs has boken lower to the wedge......
May not even get a retrace back to 125.77...
125.77-126 resis with 122.22 tgt, with 124.25 supp in b.w but mainly incline towards a 123.75-82 print esp if 125.77-80 on EJ holds out..
Overall scenario is to look into shorts on 125.75-80 failure for a 123.75.82 reach..…
Added by Tahir Khan on February 8, 2013 at 7:02am — No Comments
As shown on the daily chart posted below, the GBPUSD has formed a breakout pattern on the daily chart, support at 1.5630, resistance at 1.5830, sideways move is suggested between 1.5630/1.5803 before the next breakout, a daily close above 1.5803 will bring strong bullish momentum and target 1.5975 levels, the next target will be around 1.6140 levels, but in return, a daily close below 1.5630 will extend the bearish move towards 1.5460 and 1.5300 levels.
However, according to the daily…Continue
EUR has dropped across the board after the mr.Draghi's speech who said that we shall see if the EUR can hold the current high price and that the single currency price should show the current economic situation in the region, which he described not with good words too. This leaded to massive LONGs exitting and pressed the price almost to the support zone 1.3340-60. Today i expect continuing of that process and move towards the 1.3310-1.3250. Use any recovery to 1.3450-70 to enter SHORT for…Continue
Added by Vladimir Mihaylov on February 8, 2013 at 5:30am — No Comments
Added by Francesc Riverola on February 7, 2013 at 10:11pm — No Comments
Added by Francesc Riverola on February 7, 2013 at 9:55pm — No Comments
HSBC - "Data is taking centre stage in the FX market as investors seek to understand how far this process of normalisation can go. Under this current period of normalisation, the EUR is benefiting the most but not in the traditional way. The benefit is to do with a reduction in risk and not because the market believes the Eurozone is in the process of a full-blown economic recovery. It is important not to confuse the reduction in binary risk with a return to the traditional pre-crisis world.…Continue
Added by Francesc Riverola on February 7, 2013 at 7:38pm — No Comments