Before anything, I would like to thank our friend and member of this community Oasis for contacting me to propose this initiative we are starting today.
A BIG THANKS Oasis!
Today, we have a fun exercise where you can participate and have a chance to win a GREAT Prize!
All you have to do is read this short EURUSD analysis from FXStreet's…
Intraday outlook in EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2666 levels . a failure to hold above the 1.2666 levels on a 4 hour closing basis , could mean a return to the 1.2613 levels , a cut will open the 1.2570 levels , further losses will aim the 1.2500 levels.
On the upside , resistance comes at the 1.2666 levels , break of the 1.2666 levels on a 4 hour closing basis will put the pair in recovery mode , but recovery above the 1.2666 should…Continue
October 23rd 2014. The last 24 hours was a bit frustrating regarding EURUSD and Gold positions but the account advanced another 2% so that’s the best kind of frustration I guess.
EURUSD – As some of you well know I am long EURUSD and frankly I’ve just bought more. As I say in the webinar the longer term trend is unquestionably down however shorter term we were overdue the most recent rally. Support comes via 1.2499 and I think I one…Continue
Added by Gary on October 23, 2014 at 3:14pm — No Comments
USDJPY found support at 105.19 and is now reversing quite sharply to the upside, and made an important overlap yesterday with 108.00 figure which confirms the fact that a decline from the high was a three wave move. Ideally that was wave 4) so market can be back in play for rally back to 110 yearly highs.
USDJPY 4h Elliott Wave Anlaysis…Continue
Added by Gregor Horvat on October 24, 2014 at 8:05am — No Comments
New age traders are least afraid of experimenting with their trading styles. CFD trading has often been considered as a potent means of diversifying one’s trading strategies. However, even the practice of CFD (Contract for Differences) is plagued by a set of myths—or for that matter unfounded perceptions which often deter budding traders to consider it as a possible investment style. Experts believe that as much as it is easy for these myths to develop, shrugging them off is…Continue
Added by FXstreet.com Promotions on October 23, 2014 at 12:00pm — No Comments
The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2740 levels .This development leaves the pair targeting the 1.2570 levels , a halt is likely , but losing the 1.2570 levels will turn focus on the 1.2485 levels , further downside will aim the 1.2389 levels.
On the upside , resistance comes at the 1.2740 levels , break of the 1.2740 levels on a daily closing basis , will turn outlook neutral towards the 1.2886 levels , If this resistance is taken out ,…Continue
Added by Haitham653 on October 23, 2014 at 9:05am — No Comments
USD Index is moving higher, now threatening the 86.10 swing after recent rally out of a downward channel. We assume that market already accomplished a corrective retracement in wave 4 and that current leg up can be wave three as part of a new impulsive cycle heading above 87.
USD Index 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 23, 2014 at 7:55am — No Comments
Sterling prices lowered against the US dollar yesterday, it seems that this pair has loosed its bullish stamina but today important factory data at 1.30pm. This pair is strongly consolidated below the price level 1.6060.
Technically this pair is in bearish trend because SMA 100 and 200 are indicating a clear bearish trend and acting as a resistance in h1 graph. Ichimoku cloud signal is also bearish in h1 graph. Alligator and parabolic SAR signal is also bearish in h1…Continue
Added by Usman Ali on October 23, 2014 at 7:00am — No Comments
Gold prices consolidated below the price level 1250. The yellow metal is in a side waves since two days and did not show any clear direction. The yellow metal gained more than 70 dollars in last two weeks, gained in the first two days but range bound since yesterday. Technically this metal is in side wave.
SMA100 is indicating bearish trend but SMA200 is indicating strong bullish trend in h1 graph. Ichimoku cloud signal is bearish in h1 but bullish in h4 graph. Bollinger…Continue
Added by Usman Ali on October 23, 2014 at 6:13am — No Comments
The EURUSD failed to hold gains above the 1.2825 levels yesterday , declined below the 1.2735 levels and printed resistance at the 1.2760 levels ahead of 1.2840 levels .As a result ; Intraday outlook in EURUSD has turned neutral with risk to the downside as long as resistance 1.2760 holds on a 4 hour closing basis , support comes at the 1.2705 levels , losing this level would open 1.2640/1.2624 next , a cut will resume fall from 1.2840 levels and pave the way towards the 1.2500 levels…Continue
Added by Haitham653 on October 22, 2014 at 11:00am — No Comments
USDCHF has made a nice extended leg up from July lows that we see it as wave (3) that is part of a five wave rally. This rally should then continue after a corrective pause and it seems that new one is already here. We are talking about wave (4) that can look for a support at 38.2% retracement in days ahead.
USDCHF Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 22, 2014 at 8:43am — No Comments
Gold prices ticked down in early Asian Session, Placed low 1246.10. Yesterday, this metal was range bound but closed with bearish signal. Strong bullish sentiments are founded above the price level 1235. Gold placed low 1182.92 on 6th October, test the weekly bullish trend line and going target 1265 today. It seems that this metal will try to cross the border of 1300/oz in coming days.
Technically this metal is in bullish trend for day trading, take an eye on…Continue
Added by Usman Ali on October 22, 2014 at 6:46am — No Comments
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 106.4757
Sell Stop: 107.6523
Enter New SELL on OPEN and exit SELL 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…Continue
Added by Martin Kay on October 22, 2014 at 4:40am — No Comments
October 21st 2014. Good morning, I scalped NZDUSD overnight and added another 1% after Chinese data. Also based on the moves in Kiwi and many of the dollars pairs across the board I’ve just literally bought EURUSD, again as a scalping trade. I’ve got a number of Gold positions open right now too and the medium term correction in overstretched Dollar pairs continues.
EURUSD – My bias is to buy and I have done so this…Continue
Added by Gary on October 21, 2014 at 10:45am — No Comments
USDCAD is reversing from the highs but it can be just another deep corrective retracement. Ideally price turned down into wave ii) that may find the low at 1.1180-1.1200 zone. Keep in mind that as long we have higher highs and higher lows formation from mid September, the trend is up. In our case the latest higher swing low is at 1.1078 so as long this price is in place we will continue to look for higher prices.
USDCAD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 21, 2014 at 8:40am — No Comments
The EURUSD continued its bullish momentum few hours ago , printed a new support at the 1.2790 levels . This development leaves the pair targeting the 1.2886 levels , a halt is likely , but a break will open 1.2950 levels , further upside will pave the way towards the 1.3025 levels.
On the downside , support comes at the 1.2790 levels , losing this this level on a 4 hour closing basis would delay the bullish move for retesting the 1.2735 levels before the next rise .If 1.2735 fails , a…Continue
Added by Haitham653 on October 21, 2014 at 7:29am — No Comments
Gold prices ticked up in early Asian Session, this metal is strongly supported above the price level 1237. The yellow metal gained more than 70 dollars in two weeks, as I mentioned in my blogs that 1182 is a strong bullish point for this metal. Strong bullish trend line can be seen in weekly graph. The expected target for this metal is 1265. This metal is facing resistance near 1265 level in form of a tred line and the ichimoku resistnace in daily…Continue
Added by FuturesMO on October 20, 2014 at 3:44pm — No Comments
AUDUSD has been falling hard for the last couple of months from 0.9400, a move that is a considered as an extended wave 3 because of big and fast move. As such, we believe that pair is in impulsive downtrend, it means that decline from July high needs to be made by five subwaves. If that's the case then one leg is still missing; we expect a break down into a wave 5 towards 0.8500 area to complete wave A) later this month.
AUDUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 20, 2014 at 9:28am — No Comments