Featured Blog Posts (5,301)

EURUSD Elliott Waves: Corrective Wave Four In View

EURUSD has been falling sharply for the last couple of months and forming an extended decline from 1.3700 which we think it represents wave 3) within a larger bearish trend. Current price is now testing swing lows back from a year back that may react as a support for a corrective bounce up in red wave 4) that may unfold in September. Trend however remains down, and it may easily extend even to 1.3000 psychological before we get a bounce in corrective fashion, but sooner or later fourth…

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Added by Gregor Horvat on September 1, 2014 at 9:33am — No Comments

GBPUSD Looks Compelling Now.

My Trades.

On Friday I closed two of my four long GBPUSD positions however cable is higher again this morning and I may hold on to this position for another 24 hours to see how this market evolves. We’ve already taken out last week’s high of 1.6613 and with daily…

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Added by Gary on September 1, 2014 at 8:31am — No Comments

GBPUSD Weekly Forecast Sept 01 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.6765/1.6888 holds on a weekly basis , support comes at the 1.6563 levels , losing this levels would open 1.6450 /1.6382  next , further downside will aim the 1.6251 levels . At this point I’d expect strong support from the 1.6251/1.6450 levels to contain fall from the 1.7190 levels and bring rebound . however ; sustained trading – weekly closing below the 1.6250 levels will bring free fall towards the 1.6058 levels ahead of…

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Added by Haitham653 on September 1, 2014 at 7:03am — No Comments

EURUSD Weekly Forecast Sept 01 2014

Outlook in EURUSD remains on the downside as long as resistance 1.3220 holds on a weekly closing basis  , support comes at the 1.3104 levels . At this point I still expect strong support from the 1.3104 levels to contain fall from  1.3993 levels and bring rebound before the next move , however ; sustained trading  - weekly closing – below the 1.3104 levels will open the 1.3000 levels where a cut will open the 1.2750 levels.

On the upside , resistance comes at the 1.3220 levels ,…

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Added by Haitham653 on September 1, 2014 at 6:57am — No Comments

FOREX forecast 01.09.2014

Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely…

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Added by Vladimir Mihaylov on September 1, 2014 at 5:06am — 3 Comments

Macros Simplified

Macros Simplified 

Some Points to Remember

  • Global economy is in a state of aggregate demand deficiency because
  • Advanced Economies lack demographic dividend while…
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Added by Omkar Godbole on August 30, 2014 at 8:30am — 3 Comments

EUR/USD Daily Key Levels

Hi Friends,

This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!

Friday's high 1.3195, low…

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Added by Nili on September 1, 2014 at 4:00am — No Comments

Inside the Currency Market: EUR/USD, EONIA, AUD, Yen Crosses

   I reported Dark Days over Europe were coming 3 months ago, those days are upon us. If Draghi takes on QE or any other devastating program, Eonia remains in negative territory for quite some time and EUR/USD heads far lower from present price. Not even the 2012 Greek crisis was this bad. 

 Eonia must cross 0.1009 and 0.0875 from present 0.1010. Price remains at a crucial point but essentially its going nowhere and remains at top of its range. 

 Common theme…

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Added by Brian Twomey on September 1, 2014 at 12:29am — 7 Comments

Crude Oil Insights

Crude Oil Insights

Trade Idea

  1. Initiate Sell in range of 95.60 to 95.90 for Target of 92.58 & 91.62 with Stop Loss of 97.10
  2. Buy Crude only if it gives a daily closing above 97.10 levels…

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Added by Omkar Godbole on August 29, 2014 at 10:13am — No Comments

Day Trading Recommendation for Majors as on 29-08-2014

Dollar Index:

Dollar index was overbought since last couple of days. yesterday candle closed with no results, and make a spinning top. Today candle is still bullish and h1 candle is indicating bullish sentiments duo to Ichimoku support.

Gold:

Gold prices moving between small gain and losses in early Asian Session placed high 1290.97. Yesterday, gold placed high 1296.32 but strongly consolidating by the SMA200 in d1 graph. The yellow…

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Added by Usman Ali on August 29, 2014 at 7:16am — 6 Comments

EUR/USD Daily Key Levels

Hi Friends,

This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!

Thursday's high 1.3220,…

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Added by Nili on August 29, 2014 at 7:00am — No Comments

GOLD Daily Forecast 29 AUG 2014

Added by Naveed Anjum on August 29, 2014 at 6:53am — No Comments

TD Securities:EURCAD technical outlook-28 Aug

EURCAD retains a weak bias after yesterday’s break under key support at 1.4420 and the market is making good progress already towards our 1.40/1.42 target zone. Given the generalized strength in the CAD and broader weakness in the EUR, we may have to lower our sights a little still. There is solid, bear trend momentum…

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Added by Daologic on August 29, 2014 at 5:00am — No Comments

EURUSD Daily Forecast Aug 28 2014

The EURUSD failed to break below the 1.3155 levels  yesterday , rebounded towards the 1.3216 levels  .At the moment , outlook remains on the downside as long as 1.3216 holds on a daily closing basis , but you need to be careful a little bit , according to smaller time frames , stability above the 1.3188 levels , could push the pair above the 1.3216 levels….sustained trading below the 1.3188 levels will open the 1.3152 levels , If this level fails , we should see the pair around the 1.3080…

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Added by Haitham653 on August 28, 2014 at 8:39am — No Comments

GBPUSD Daily Forecast Aug 28 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis ,support comes at the 1.6535 levels , losing this level will open 1.6440 levels , a halt is likely , but further losses will aim the 1.6330 levels…

On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6738/1.6838 levels before the next fall….however ; a clear break above the 1.6838 levels will…

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Added by Haitham653 on August 28, 2014 at 9:35am — No Comments

EUR/USD Daily Key Levels

Hi Friends,

This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!

Wednesday's high 1.3209,…

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Added by Nili on August 28, 2014 at 8:36am — No Comments

Day Trading Recommendation and Technical Analysis of Sterling as on 28-08-2014

GBPUSD:

Sterling was under a great selling pressure against US dollar since couple of weeks but it is a time for correction or might be the reversal on breakage of key resistance levels. This pair moved more then 600 pips in 7 weeks. 

Technically this pair is in bullish trend for day trading because SMA 100 and 200 are indicating a clear bullish trend. Ichimoku cloud signal is also bullish in h1 graph. Alligator and parabolic SAR signal is also bullish in h1 graph.…

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Added by Usman Ali on August 28, 2014 at 6:30am — 2 Comments

GOLD Daily Forecast 28 AUG 2014

Added by Naveed Anjum on August 28, 2014 at 6:12am — No Comments

EUR/USD DAILY as of Thursday, 28 August, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar

Buy Target: 1.3215

Buy Stop:   1.3126 

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A…

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Added by Martin Kay on August 28, 2014 at 2:17am — No Comments

Join our September Forex Meetups in 10 Cities Worldwide!

More than a year ago, we started shyly doing our first meetup in Barcelona. The idea behind it was to meet other Forex traders and share our passion for trading. Now we have 10 trader communities around the world and after the summer break we are back full of energy. What are you going to find? top quality speakers, traders like you, from newbies to experienced…

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Added by Francesc Riverola on August 27, 2014 at 4:30pm — 1 Comment

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