Last trade before the long weekend.
Yesterday was slow / corrective ✿՛՜՞՟⋱‿◞⁀
Price on the BUY side of the 50 EMA :…Continue
Added by Andre Hughes on May 24, 2013 at 10:00am — No Comments
For a change today I thought I would tackle the EU differently - and show how in the dynamic market place how the price bias can keep changing throughout the main two sessions - Europe and US.
As you would expect from a high of yesterday at 1.2956 - price dropped through the end of the US session and into the early Asian session - finding a low of 2904 - range 52 pips.
Since then and over the last 6 hrs price rose back up to 2943.- 41 pips From London…Continue
During yesterday’s trading session EUR/USD formed a Daily white. For the past 10 Daily candlestick bars there are 5 white candles versus 5 black candles and for the past 50 Daily candlestick bars there are 28 white candles versus 22 black candles with a net of 6 white candles.
A Daily engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish…Continue
EUR has recovered yesterday and reached the resistance 1.2930 after dropping to 1.2820. Buyers appear around 1.2800-1.2820 so this area is well protected and should cap any downside. Currecntly EUR is trading around the Fibo level 1.2915 with the strong upside channel resistance line at 1.2930. On H4 we are inside the negative Ichimoku trying to break it higher, unfortunately drops to 1.2870 or even 50 are still possible. On Daily seems that the EUR is trying to reenter the upside channel…Continue
The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.
Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…Continue
Added by Haitham653 on May 23, 2013 at 11:40am — No Comments
This week started slowly, but that all changed dramatically on Wednesday, as the euro went on a wild ride following remarks by Federal Reserve Chair Bernard Bernanke before a Congressional Committee. The euro tested the 1.2998, but then fell hard, closing the day at 1.2842. Almost forgotten in the excitement was US Existing Home Sales, which fell below expectations. There are a host of US and Eurozone releases on Thursday. European PMIs were mixed, but French and German Manufacturing…Continue
Added by Yohay Elam on May 23, 2013 at 9:37am — No Comments
HSBC - "The USD rally has further to run. The currency war is getting bigger and more intense, drawing ever more protagonists into the fray. In part, this may be because of the success of those central banks who have already sought economic advantage through targeting their currency. The market has realised there is no point in fighting the central banks at this time, and the USD is the natural candidate to act as the offset to this desire for depreciation elsewhere. If anything, the risks…Continue
Added by Francesc Riverola on May 23, 2013 at 9:10am — No Comments
A Daily black body was formed during yesterday’s trading session.
A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US…Continue
a couple quick definitions to get the kick the cat here
rr=risk/reward-the amount at risk compared as a ratio to the amount you make
opportunity-the amount of set ups a method gives you to enter the market in a period of time
expectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip risked
in order to profit in the long run you must have a positive expectancy, this is a must. the amount of…Continue
Dear Friends, ForeXmospherians and Countrymen lend me your E.A.R.S.
EY EPR 60 Second H/S verses EPR 5 Second 3B = Gone in 1/10th of a Second.
Everything is .......
Price action over the last two weeks has been classic eurodollar with an initial move lower now reversing with the pair now…Continue
Added by Anna Coulling on May 22, 2013 at 2:32pm — No Comments
The chart above is a 3 minute over 3 days on the EJ. As I am sure you know - I am mainly a scalper and so you would expect to see me on the small frames - but I think its important to point out - that every week - I do look at my monthly / weekly charts and most days will have brief look at the "history channel" - ie…Continue
The EURUSD halted its weakness at the key support 1.2795, with the break of the key resistance 1.2890, the pair is likely to consolidate with bullish bias, next resistance is at 1.3030 where strong cap is suggested , so If 1.3030 holds, there’s a risk to back towards 1.2795 levels, losing this level on a daily closing basis would open the way towards 1.2625 levels first ,ahead of 1.2500 levels.
On the upside , a daily close above 1.3030 is likely to weaken to current bearish run but,…Continue
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JPY crosses are moving higher this mooring after BoJ Kuroda highlighted that change in fx-rates will boost export volume, but not earlier than in 6-9 months. This means that there current policy has a positive impact on the economy that’s why we can see strong rally on Nikkei which is pushing the JPY down, or XXX/JPY to the upside.
We are long EURJPY from 131.90 with members and so far pair is moving very nicely in our favour with possible extension to 133.80 in sessions…
If some one would tell me to choose only one indicator to trade with, that would be the ADX. ADX is one of a kind, it is the mother and father of all indicators and I found-it to be the most complet indicator.
The ADX is a trend indicator but also an oscilator. The ADX line, the trend indicator show us A VERY IMPORTANT PIECE OF INFORMATION in a visual way, the STRENGHT of a trend. In the picture below the white line is the ADX and is an indicator of a strenght of the trend. The ADX…Continue
Added by Daologic on May 22, 2013 at 7:42am — No Comments
EUR has reached my long targets from yesterday and is currently at the resistance line 1.2930 which is also the border of the ascending channel from 1.2047. Breaking above may happen only on dollar negative news from Mr.Bernarke, so untin that and FOMC decision i expect a range trade between 1.2860 and 1.2930, significant moves may happen in later american session or tomorrow.
GOLD is again in a stand-by, waiting for the dollar to choose direction.
Added by Carol Harmer on May 22, 2013 at 4:18am — No Comments