Trade taken as price reached 78.6 fib level and channel support level also price reached at 1Hr support trend line, my first target would be 10 to 15 pips and will consider move SL to BE …Continue
GOLD TREND BULLISH.Moving Average & RSI Show Uptrend.
Gold Poised for 12th Annual Climb as U.S. Budget Deadline Nears
Elliott common flat correction up 1667.00
GOLD can move today 1651.00 to 1667.00 area.
Recommend buy at 1655.00 target 1660 & 1665 Stoploss 1651.00
Silver TREND BULLISH.Moving Average & RSI Show Uptrend.
Elliott flat correction up 30.29
Silver can move today 29.85 to 30.30 area.
Note : A break above 30.30 again…
Added by Naveed Anjum on December 31, 2012 at 7:43am — No Comments
ASSALAM O ALEIKUM my dear fellows
first of all thanx to dearest and alimighty ALLAH
trend is bearish …Continue
Early indicating prices in the Forex market courtesy of Forexlive.com showing EUR/USD 1.3212, USD/JPY 85.80, GBP/USD 1.6170,AUD/USD 1.0365, NZD/USD 0.8195. So the market is a little bit down from Friday already. Further uncertainty towards the day will only help the slide down. If we get a down Asian session it would probably be a good indicator for the European and American session. S&P 500 is also a good…Continue
Added by Jonas Manalang on December 30, 2012 at 9:04pm — No Comments
GBP/USD showed some movement, but for the second straight week, the pair was unchanged at the close of the week, ending the trading week at 1.6152. Manufacturing, Services and Construction PMIs are the highlight of the week. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The only UK release last week was within expectations, and US key data was…Continue
Added by Yohay Elam on December 30, 2012 at 8:12pm — No Comments
GOLD: Though closing flat the past week, GOLD’s broader outlook remains lower on further weakness. It now targets the 1,640.45 level with a cut through there allowing for a push further lower towards the 1,600.00 level. A respite is likely to occur here and turn the commodity back up. However, if that level fails, further declines should follow. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, a return above the 1,672.23 level must occur to halt its present…Continue
Added by fxtech on December 30, 2012 at 5:57pm — No Comments
The 4hr setup in chart 1 where price is being resisted at 61.8 fibonacci level. If this resistance level is successful, then I will go short at market open with my take profit at 1.3148, around 121.4 fib level, the 17th December low and 38.2 fib level on the daily chart
EURUSD: Despite its consolidation the past week, it managed to close higher, opening the door for a move higher towards the 1.3307 level, representing its Dec 2012 high. A break of here will target further upside towards the 1.3350 level. Further out, resistance resides at the 1.3400 level, its psycho level and possibly the 1.3500 level. Its daily RSI is bullish and pointing higher supporting this view. On any pullback back from its present price levels, EUR will aim at the 1.3158…
Added by fxtech on December 30, 2012 at 10:26am — No Comments
Today the man that spotted QE4 before anyone else in the financial world, surprised King World News when he boldly predicted that gold will eventually trade above $10,000 an ounce. Pento also warned that in the first half of 2013 Israel would attack Iran,…Continue
Added by Ron Schelling on December 30, 2012 at 10:00am — No Comments
EUR/USD enjoyed another week of gains during the holiday week, but could not sustain them, as the US is approaching the fiscal cliff. As a new year begins, volume and volatility are expected to rise. Manufacturing and service PMIs and employment figures are the highlights of this week. Here is an outlook on the main market-movers this week.
In the US, politicians are working…Continue
Added by Yohay Elam on December 30, 2012 at 4:08am — No Comments
Pivot: 1.3126 , 1.3308
Recommendation: SHORT positions below 1.3260 with 1.3173 & 1.3143 as next targets.
Alternative scenario: The upside breakout of 1.3308 will open the way to 1.3400/1.3500 .
Comment:.As shown on the daily chart below, the pair is under pressure as long as trades below 1.3308, above 1.3308 will support the bullish trend and target 1.3400/500 levels, a clear break below 1.3126 will…
What Forex Target Traders See: We are currently sitting @ 1.3222 in a retracement. Looking for the bounce around 1.3100 and then we are bullish up to 1.3400. A pullback or reversal that breaks the 1.3150 would invalidate this. The average daily true range (ATR) for the pair currently is 77 pips. …Continue
Gold Medals are made of Gold, Silver and Copper valued at $ 700 per medal.
US Debt increase $ 3.82 billion per day since September 2007 !
Click on the picture below to get more details on the real winner.…Continue
Added by Ron Schelling on December 29, 2012 at 1:30pm — No Comments
The pull back continues
Market sentiment: short term trade (Bearish)
Strategy is to hold short to 1.3160, SL-1.3245…
Added by OGUNBANWO OMOSILE PETER on December 29, 2012 at 11:39am — No Comments
USDCHF: The pair continues to face downside pressure as it closed lower suggesting further declines could be building up. If this is triggered further weakness will aim at the 0.9041 level where a breach will turn attention to the 0.9000 level. Price hesitation may occur here due to its psychological importance. However, if taken out, USDCHF will target the 0.8929 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, the pair will have to return above the…Continue
Added by fxtech on December 29, 2012 at 11:07am — No Comments
AUDUSD has been in precipitous decline since Dec 12th after making monthly high right below 1.0600. The pair has failed to break this critical resistance level after multiple attempts to penetrate through the descending line of the Weekly Triangle.
The price level has finally…
Added by fx-Syndicate on December 28, 2012 at 7:28pm — No Comments
Everyone needs to watch out for a similar movements as occurred yesterday after the comment of Harry Reid when Obama meet with the House this afternoon. The road to the new year's trading might just be determined; who knows.
Added by Pst Jacob Andrew on December 28, 2012 at 7:28pm — No Comments
The US dollar remained widely sold on the day despite optimistic data from two main sectors of the US economy. Subsequently, low volatility continues to hamper any real gains in the greenback against other major currencies like the Australian dollar and pound sterling. The only pair, seemingly, in favor of US Dollar strength is the EURUSD – which is trading lower by 0.13% in afternoon trade.
Behind Chicago PMI
Manufacturing activity in…
Added by Richard Lee on December 28, 2012 at 7:01pm — No Comments
Currently we are at 1.3161 after 5 waves to the top. Look for an A-B-C pullback and then MAYBE a go at the top again. The target area down is the support cluster (S3/.382 fibo) @ 130.50. The average daily trading range (ATR) is 69 pips.…Continue
Added by Scott Barkley on December 28, 2012 at 3:02pm — No Comments