I noticed that my broker provides bigger spreads just before moves down.
Sometimes before moves up yet rarely.
And different brokers show bigger spreads mostly at the same time.
Have you guys noticed the same?
Maybe this is what you call stop hunting?
Your comments are very welcome
This is what it looks like in my EURUSD charts.
In a 5 minute chart.…Continue
Royal Bank of Scotland - "Given challenges in Europe, we would be looking for levels to sell EUR/USD. We are now back at resistances 1.3140/70. It may be worth selling here with stops above 1.3320, the high before its recent slide on the Italian news. Targeting 1.280"…Continue
I've been trying to learn forex and earn some money for years now and not being successful. Tried different strategy (inter and intra-day etc. etc.) but there is no magic formula where the sucess rate is high. I've also followed Brian's mathematical analysis with great interest. But it seems to me that nothing works CONSISTENTLY in this market.
I also do not believe (although I could not master that) this is something that could not be acquired. To all the gurus and…Continue
Recommendations: Long positions above 1.3017 with 1.3100 & 1.3160 as next targets.
Alternative scenario: The downside breakout of 1.3017 will open the way to 1.2940/1.2875.
Description: The pair finds support at critical level on the daily chart around 1.3017, this scenario suggests further gains towards 1.3100/1.3160 levels and may be higher, only an hourly close below 1.3017 will extend the…
EUR/USD continues to struggle, as the pair lost over a cent in Thursday trading, dipping below the 1.31 level. The markets continue to be nervous about the political stalemate gripping Italy. With no clear winner in this week’s parliamentary elections, and Italian political leaders showing little inclination to set aside their differences and work with each other, there are fears that a prolonged…Continue
Added by Yohay Elam on March 1, 2013 at 10:32am — No Comments
As the week comes to a close we bring to you two pairs today. The CAD pairs from the USD and YEN series. Expecting the Canadian Dollar to weaken against the US Dollar and Yen.
The charts below explain how the movement is expected to happen.
Happy trading everyone & have a good weekend!
Added by Sardar Uddin on March 1, 2013 at 9:30am — No Comments
These survey's findings are quite shocking to me... I know that the probability of crash is still high, but I was not expecting that it was so high!
Societé Generale - "Survey of crash expectations. The probability of a crash is 33% in the next 3 months and 43% in the next 6 months according to a survey with 106 respondents. This is much higher than what is priced into the option market over 3 months, while the equity market is far more fairly…Continue
Added by Francesc Riverola on March 1, 2013 at 9:10am — No Comments
UBS - "USDJPY BULLISH Bullish trend conditions are in place and a break above resistance at 93.28 would extend the strength to 94.77. Support is at 90.62.
GBPUSD BEARISH Bearish trend conditions persist and any upside must be limited. Resistance is at 1.5321 which should hold. Support is at 1.5073 ahead of 1.4949.
AUDUSD BEARISH Support is at 1.0149 ahead of 1.0103. Any upside should be limited, with strong resistance area at 1.0343 and 1.0375.
USDCAD BULLISH The pair posted a…
Added by Francesc Riverola on March 1, 2013 at 8:41am — No Comments
After quite slow price action in this week from 1.3018 low we decided to adjust the wave count and now looking for one leg down. The reason is the structure of a recent minor recovery, labeled on the chart as wave B which is looking corrective. As such, we think thats just another pull-back within ongoing bearish trend. We could see test of 1.2950 in sessions ahead, but keep in mind that these are final stages of a corrective movement and that our primary focus will be bullish when pair…Continue
Added by Gregor Horvat on March 1, 2013 at 8:41am — No Comments
Extended bullish divergence, usually comes in trending market,after strong rise and setting a temporary top, the market corrects lower a bit before the next rise, It usually forms a bullish divergence, but sometimes because the lack of bullish momentum , the pair fails to rise and extends its weakness lower to get the needed momentum to rise again..
In our example we have an extended bullish divergence for EURUSD on the daily chart, after the long rise from 1.2661 towards 1.3710, the…Continue
this is my first bog post inhere, i have been reading a lot of interisting blogs and articles on this forum and want to share my view today :
i have a wedge form on this chart, suggesting to sell under 3053 and buy above 3110, you can also see the KMAMA indicator underneath, i’m just starting to use it for scalping, with a reading…Continue
Good day all trader today AUDUSD is expect to trade side way between 1.0185 to 1.0275 why EURUSD is expect to tune down side between 1.3095 1.3130 then falling to 1.3050 a break below 1.3050 will move to 1.3000
Added by peter tec on March 1, 2013 at 8:23am — No Comments
Yen Pairs are in descending channels, with sustain Bearish momentum. For right now keep you Shorts and ease into trending weekend
Outlook – JPY Strong
Added by Sardar Uddin on March 1, 2013 at 8:00am — No Comments
For the past year euro-dollar has been prone to attack. But volatility disappeared in 2012.
Lack of venom due to a declining risk appetite amongst financial institutions was the problem. This market was wounded in the wake an implosion of confidence because of the global financial crisis.
A hypnotic spell cast by Mario Draghi and European government leaders has not helped.
In 2012 Euro-dollar posted its tightest range in 11 years while…Continue
Added by Brian Kiely on March 1, 2013 at 7:52am — No Comments
Added by Carol Harmer on March 1, 2013 at 6:46am — No Comments
Added by Carol Harmer on March 1, 2013 at 6:45am — No Comments
EUR was unable to pass above resistance @ 1.3150-60 and with the bad USD GDP release reversed back to the downside to reach the bottom of the positive Ichimoku on Daily. Currently we are very close to break it lower. We have a good support at 1.2950-60 and i think it will hold the downside this week and will be a good point for a recovery to the upside. Weekly close below 1.3120 wil open the way to attack 1.2900 next week. We may see upside restoring only above 1.3310. There is a lot of…Continue
I think that take sell setup could be good for scalpers.
Euro situation is not good and looking the Manufacturing Purchasing Managers Index (PMI China) the data fell to 50.40 and this movement could the Euro also.
China is very important to verify if the global economy is recovering or contracting.
Well, The pivot point:1,3090 was not reached giving a hint that euro/usd will go down to 1,3010.
Added by Igor Titara on March 1, 2013 at 5:00am — No Comments
GOLD: With a second day of downside seeing GOLD declining strongly on Thursday, further downside is likely. This has exposed the 1,554 level where a violation will aim at the 1,530.00 level followed by the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,602.00 level and then…Continue
Added by fxtech on March 1, 2013 at 1:28am — No Comments
The EURUSD continued to maintain its bearish momentum the past few days after rejection from 1.3318 levels, pressure now will be on the key support 1.3017 ,EURUSD will have to hold below 1.3017 on a 4 hour closing basis to push the market for further downside loses if seen this scenario could push the market further lower towards the 1.2875 levels, where a breach will turn focus on the 1.2735 levels, at this point I'd expect downside to be contained above 1.2735 levels to bring another…Continue