USDJPY hit our target of 102.35/40 & topped exactly here as predicted. The pair have sunk back to support at 102.00/95 but below here look for a buying opportunity at 101.40/30. Just bear in mind with the daily chart oversold, we have lots more support with March lows at 101.25/20 & 10 month trend line support at 101.10.
Above 102.05 is more positive again & targets 102.17/19 then a retest of resistance at 102.35/40. Again a high for the day is possible but be ready to go…Continue
Added by Jason Sen on April 17, 2014 at 7:40am — No Comments
Sterling has broken the high of 16th February, 2014 and near to test 1.6880, the high of 15th November 2009. Strong bullish sentiments are founded near the 1.6795. GBP become strong 23% against US dollar.
Technically this pair is in a bullish trend but a little dip is expected due to the divergence in h4 graph. So buy this pair on a little dip. The SMA100 and 200 are indicating a strong bullish trend in h1 as well as in h4 graph. Ichimoku cloud is also…
Added by Usman Ali on April 17, 2014 at 7:39am — No Comments
Added by Carol Harmer on April 17, 2014 at 5:15am — No Comments
The United States:
Our good friends South of us have some good outlooks for us to look forwards to, the United States from what I've seen with Yellen cares a lot for the Unemployment rate.
(Source: Federal Reserve - February Monetary…Continue
Added by Dayton Marks on April 16, 2014 at 11:54pm — No Comments
Full forecast is here
LONG EUR above 1.3820 SL 1.3805 TP 1.3850-1.3880-1.3905
SHORT EUR below 1.3905 SL 1.3920 TP 1.3855-1.3825-1.3800
LONG GOLD above 1308 SL 1304 TP 1317-1322-1328
SHORT GOLD below 1304 SL 1308 TP 1294-1286-1278-1270
Added by Vladimir Mihaylov on April 17, 2014 at 5:01am — No Comments
Recommendations: SHORT positions below 1.3862 with 1.3810 & 1.3780 as next targets.
Alternative scenario: The upside breakout of 1.3862 will call for a rebound to 1.3900/30.
Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3862 holds on hourly basis, support comes at the 1.3807 levels , a break would open 1.3780 next, further downside will aim the 1.3740 levels. On the upside , a…Continue
Added by Haitham653 on April 16, 2014 at 7:34am — No Comments
Day Trading Recommendations for Majors as on 16-04-2014
EUR/USD:Buy:1.3805, TP1.3845, SL1.3775,Sell stop 1.3768
GBP/USD: Sell Below 1.6750 ,TP1.6690,SL1.6770 , BUY STOP 1.6775
GOLD: Sell1308,TP1292,SL1312, BOB1315
Important News:GBP: Claimant Count Change, Unemployment Rate @01:30pm, USD: Building Permits
Added by Usman Ali on April 16, 2014 at 7:32am — No Comments
Full text is here
LONG EUR above 1.3800 SL 1.3785 TP 1.3850-1.3880-1.3905
SHORT EUR below 1.3840 SL 1.3855 TP 1.3790-1.3765-1.3730 (use this if upside through 1.3850-60 fails) wait for mrs.Yellen's speech today
SHORT GOLD below 1304 SL 1308 TP 1290-1285-1278-1270
LONG GOLD above 1310 SL 1306 TP 1317-1321-1328
GBPJPY put in a daily pin bar off the bottom of a wedge that's been forming since last year. The pair also managed a pin bar on the 4 hour chart, which I posted earlier. If the pair can maintain this wedge formation we may see price test the upper boundary around 172,50. Immediate resistance may also be found at 171.50, which marks the opening gap on Dec. 26th 2013.
See More: …Continue
This pair dropped a large bullish pin bar today from the key support level down at 1.6660. We may get a dip back to intra-day support near 1.6700 before this market pushes higher again - it may well retest key resistance up at 1.6820 over the rest of this week if it can pick up some momentum.…Continue
Added by Lewis Barber on April 15, 2014 at 10:15pm — No Comments
EUR/USD continues sliding, following the gap lower in the wake of the new week. The comments from Draghi tying the exchange rate to monetary policy still echo and markets are still digesting the US retail sales number. Was it good enough? There is no rest for markets, as the German ZEW figure is coming soon, as well as a speech from Fed Chair Janet Yellen.
Here is a quick update on the technical…Continue
Added by Yohay Elam on April 15, 2014 at 8:21am — No Comments
Hello ladies and gents, I'm not a big Cable trader but I like what the markets got for us for the next few weeks, and I think the next few weeks are going to be disappointing for the UK, but lets delve into some Fundamental Analysis on the Cable (GBPUSD).
The United Kingdom:
I really like Carney, he did a decent job in Canada while he was here, but he's notorious for strengthening currencies... wouldn't you agree? The big measurement tool…Continue
Added by Dayton Marks on April 15, 2014 at 8:45am — No Comments
I'm new here and this is my first outlook on USDCAD from a Fundamental aspect. I hope others will find it helpful and look forwards to more of my Fundamental outlooks here on ForexStreet. Anyways, lets get started.
From a fundamental aspect here's what's going on in Canada:
The Bank of Canada loves its CPI numbers. Our inflation is extremely important at the BoC and hence our Monetary and Fiscal Policies tend to be oriented…Continue
EURUSD - Weak CPI would establish a Bear trend
Trade Recommendation - Sell EURUSD limit @ 1.3850 - 1.3900 for a Target of 1.3664 & 1.3554 with stop loss of 1.3980
Although this pair was in a bullish trend, but unable to break the previous high1.6821. Buyers are exhausted now sellers will try their best to break the Bullish channel. If this pair breaks 1.6585, then a more decline is expected.
In d1 graph candle pattern is also indicating a selling. Thursday,s candle was a spinning tops, Friday candle was closed in to bearish and today candle is expected to close in bearish trend also.
EUR has lost almost 50 pips since Friday's close, seems that dollar recovery is going on at the moment. It can be stopped only above 1.3875 as the price is below that and below 1.3850 further downside is expected with targets below 1.3820. The pair is quite well supported around 1.3800 and any dips to there will be used to open a new LONG positions.
GOLD has bulit a new support at 1319 and as the price is above that more upside is expected. Next resistance is 1335, to continue the upside…
"Dollar Breakout or Range-Bound?
The US dollar had a difficult week. It lost ground against all the major currencies. Falling interest rates, sparked by the FOMC minutes that reassured investors that an early US rate…Continue
Added by Daologic on April 14, 2014 at 5:30am — No Comments
"ECB Action: Just a Matter of Time?
The Managing Director of the IMF and the chief economist are making no bones about it. More action by the ECB is inevitable. It is "just a question of timing," says Lagarde and "sooner was better than later", chimed…