EURUSD touched key support level @ 1.2986 which is 82.42 in Dollar Index (82.42 is the low before the break on Aug 21 2012, next resistance is @82.50 Aug 21 2012 high, which should be the support around 1.2950-60 area)
Added by Georgi Vukov on March 1, 2013 at 2:41pm — No Comments
Currently we are at 1.2744 after the break of the bear flag. We are looking now for the continuation to the double bottom @ 1.2701 with further targets down to the 1.2620 area. The current average daily trading range (ATR) is 118 pips.…Continue
Added by Scott Barkley on March 1, 2013 at 2:12pm — No Comments
I think that could be an opportunity to buy on dips euro.
One strong support was found and i am waiting for a bounce of 100-150 pips higher.
Buying at 1,3 with target at 1,31 and SL in 1,29.
Also, H4 chart give us a hint that really is possible…Continue
Added by Igor Titara on March 1, 2013 at 2:07pm — No Comments
In graf above you can see what trend is downtrend or uptrend.
Intraday: If the price will keep under 1.3240 we can say that eur/usd is in downtrend.
Day: The resistance level is 1.3300 after cross this level it will continue in…Continue
Added by Miroslav Dolezal on March 1, 2013 at 2:00pm — No Comments
So my question for today is how many people hold trades over the weekend? If you do hold them how do you handle the risk of a gap? If you go flat every Friday how do you manage your reentry on Sunday/Monday? And lastly are there any people who are specifically trading from Friday to Sunday/Monday in hopes of a gap move? I hope every one has a great weekend. I will be in Amsterdam, Germany and Prague next week so if any of my Euro friends want to get together for a drink let me…Continue
Bank of Tokyo-Mitsubishi - "A more prolonged period of political uncertainty (Italy) which could emerge if all parties fail to reach an agreement to form a workable government, resulting in fresh elections being called, poses the main downside risk to our view that EUR/USD will continue to trade for the majority of the time above the 1.30-level over the next three to six months. A potential economic slowdown in the US heading into the second quarter driven by fiscal tightening from the…Continue
Added by Francesc Riverola on March 1, 2013 at 12:48pm — No Comments
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