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Boursajee Currencies Outlook

Currencies Outlook: Thursday 20/11/14 03:00 AM UK
USD/CHF: Already (LONG) bought the pair from 0.9610 with TSL 0.9515 & TP on 0.9950.
AUD/USD: Already (SHORT) sold the pair from 0.8725 with TSL 0,8720 & TP on 0.8340.
NZD/USD: Already (SHORT) sold the pair from 07950 with TSL 0.7940 & TP on 0.7460.
USD/CAD: Already (LONG) the pair from 1.1275 with TSL 1.1280 & TP on 1.1640.

Added by Pierre Chahine on November 20, 2014 at 3:01am — No Comments

Gold Price Is Trapped Between Historical Support Levels

A new snow storm is expecting to hit the majority of US states similar of what happened during last winter season, where the US Dollar lost momentum as a result for a slowdown in Economy because of a sever weather and where EURUSD reached 1.39, GBPUSD 1.72 and Gold price was holding between 1240 and 1395.…

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Added by Tony - FXS Admin on November 20, 2014 at 4:53am — No Comments

Thanks for the Job Done Dao! I am in debt with you

Hi everyone

Starting tomorrow Thursday November 20th a new administrator for forexstreet.net will take over the position that our community member and good friend Daologic has been holding over the last year.

The new administrator is a former member of this community. His name is Tony.

After growing extremely fast and imploding due childish fights over a year ago, I had to step down as an administrator of this community as I had other projects in hands that required of…

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Added by Francesc Riverola on November 19, 2014 at 7:46pm — 5 Comments

EURUSD Daily Forecast Nov 19 2014

The EURUSD Maintained a bullish momentum yesterday , printed support at the 1.2442 levels and topped at the 1.2546 levels .This development leaves the pair targeting the 1.2576 levels , a halt is likely , but a breach will turn focus on the 1.2638 levels where strong rejection is suggested . If this important resistance is taken out , expect the pair to strengthen further towards the 1.2770 levels ahead of the 1.2886 levels.

On the downside , support comes at the 1.2442 levels ,…

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Added by Haitham653 on November 19, 2014 at 7:44am — No Comments

USD Majors Analysis

1. Dollar Index:

If failed to close above 87.7966 and close below 87.2032, further weakness to 85.7498 /85.5890 is possible.

2. EURUSD:

Bullish need to close above 1.2511/08, next target will be 1.2585-1.2647, where should cap the price at least in the first time.

Daily close below 1.2484, my re-test 1.2372 zone.

3. GBPUSD:

Short term support near 1.5640/42, above 1.5725, further…

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Added by YueWang on November 18, 2014 at 11:56am — No Comments

FOREX forecast 17.11.2014-21.11.2014

Last Friday EUR made some recovery to 1.2550-60 resistance area. Today EUR reversed to the downside again and has cleared all the progress made on Friday. Currently EUR found support at 1.2450 which is also the H4 Senkou Span A price. For now we are still just above the support but i think there is a huge possibility for it to be broken soon. H4 indicators are bearish, and the Daily ones are going bearish too. First target is 1.2380 and then 1.2325. To the upside we need to break above…

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Added by Vladimir Mihaylov on November 17, 2014 at 6:37pm — No Comments

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…

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Added by Alan Collins on November 18, 2014 at 7:27am — No Comments

GOLD Technical Analysis as on 18-11-14

The yellow metal entered in to critical price zone since yesterday. Gold firmed against the US dollar on Friday and placed high 1193.40. This metal is strongly supported above the price level 1180. Today this metal placed high 1187.54/oz and low 1183.21/oz in early Asian Session.

Technically this metal is in a bullish trend for day trading.

SMA100 and 200, Ichimoku cloud and the parabolic SAR signal is also bullish in h1 as well as in h4 graph. gold is also consolidated below the… Continue

Added by Usman Ali on November 18, 2014 at 7:10am — No Comments

Inside the Currency Market: EUR/USD, USD/CHF, EUR/GBP

   USD/CHF to head higher, breaks must occur at 0.9658, 0.9663 and 0.9669 then comes the big break at 0.9700. Friday prices hit the 0.9660 level and dived back to 0.9551. What holds the downside from 0.9300's is 0.9523 and 0.9518. But big level at 0.9436 must first break. Prices for the past 10 hours sat literally between 0.9653 - 0.9642. Currently USD/CHF is severely oversold but its fighting against EUR/USD oversold and the EUR/CHF resolution is not yet settled.

 …

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Added by Brian Twomey on November 18, 2014 at 1:23am — 37 Comments

FX Light - I've Sold Gold & EURGBP

I am viewing the rallies late last week in EURGBP, EURUSD and Gold as opportunities to sell and have done just that.

 

GOLD – While gold has managed to retake $1180 I don’t see this in isolation but rather in conjunction  with EURUSD as it managed to take back 1.25. Should EURUSD continue higher in the next few days then yes there is further upside in Gold however I have sold some today.

EURUSD – So we have taken back…

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Added by Gary on November 17, 2014 at 10:23am — No Comments

EURUSD Weekly Forecast Nov 17 2014

Despite recovery we witnessed last week , outlook in EURUSD remains on the downside as long as resistance 1.2613 holds on a weekly closing basis , stability below the 1.2613 levels on a weekly closing basis could mean a return to the 1.2485 levels , a clear break would open 1.2393/1.2357 levels , a cut will bring free fall towards the 1.2200 levels , further losses will aim the 1.2042 levels .

On the upside , resistance comes at the 1.2613 levels , sustained trading – weekly closing –…

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Added by Haitham653 on November 17, 2014 at 10:48am — 3 Comments

EURUSD Will Turn Up For Correction: Elliott Wave Forecast

EURUSD is in a nice downtrend from 1.4000, but recent decline to a new low is already fifth wave, final leg of the pattern so current impulse wave I can be near completion. However, there is room for 1.2200 in a short-term, but divergence on the RSI suggests that sooner or later EURUSD will turn up for a bigger corrective rally, in three legs back possibly back to 1.2880.

EURUSD Daily Elliott Wave Analysis…

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Added by Gregor Horvat on November 17, 2014 at 9:37am — No Comments

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…

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Added by Alan Collins on November 17, 2014 at 8:38am — No Comments

Target Trading in the Forex upcoming week of November 17, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2577 in a 5th wave.  We are looking to finish this wave @ 1.2236-58 (1.270 Fibo and S6 of this wave).  Watch for the turn here. The average daily true range (ATR) for the pair currently is 107 pips.

 …

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Added by Scott Barkley on November 16, 2014 at 7:22pm — No Comments

Bullish medium term reversal on metals?

A significant technical behavior has occured last Friday on metals. Very few may have noticed that the rally of Friday was not a simple profit taking but can go beyond that, as the price closed around 1188.

But lets take things from the beginning. Three weeks before we had a decisive break of the 1180 level…

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Added by George Sofianos on November 16, 2014 at 5:00pm — No Comments

Weekly Technical Strategist On EURUSD

EURUSD: Halts Weakness, Targets Further Upside

EURUSD: With EUR halting its decline and turning higher at the end of the week, further strength is envisaged in the new. However, EUR will have to break and hold below the 1.2393 level to resume its weakness. On the other hand, support lies at the 1.2300 level where a break will expose the 1.2250 level. Below here will pave the way for a move lower towards the 1.2200 level. On the upside, resistance lies at the 1.2600 level where a break…

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Added by fxtech on November 16, 2014 at 1:59pm — No Comments

RBS: EURUSD weekly technical outlook

"EUR/USD FX–has broken the 1.2500 support, but found another one near the 1.2384 level, being the 23.6% retracement from the 2012 impulse wave. There is little conviction from a technical point of view, as the next big move would depend on the test of this level. The MACD weekly is still bearish but its histogram…

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Added by Daologic on November 16, 2014 at 6:30am — No Comments

FXStreet Forex News and Calendar App for iOS and Android Reaches 1M Views in a Month

Hi everyone

Still not using FXStreet's Forex News & Calendar App for iPhone and Android?

You should! :)

From October 14th to November 13th 2014 the App reached 1M screen…

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Added by Francesc Riverola on November 14, 2014 at 11:33am — No Comments

EURUSD Intraday Forecast Nov 14 2014

Intraday outlook in EURUSD remains on the downside as long as resistance 1.2480 holds on a 4 hour closing basis , support comes at the 1.2426 levels , losing this level would open the 1.2393 levels ahead of the 1.2357 levels , a cut will open 1.2300 levels , further losses will look for the 1.2230 levels.

On the upside , resistance at the 1.2480 levels , a clear break above the 1.2480 levels on a 4 hour closing basis will turn outlook bullish towards the 1.2576 levels , further upside…

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Added by Haitham653 on November 14, 2014 at 9:57am — 1 Comment

AUDUSD Elliott Wave Analysis: Bullish Reversal

AUDUSD has recovered more than 200 pips from the low in a wedge shape that can be a leading diagonal. As such, we believe that AUDUSD completed a five waves down from 0.8909 that completes a larger downtrend for this pair. With that said, a minimum three wave rally is expected now, so be aware of ore gains while 0.8538 low is in place. We will be looking for a wave C/3 rally after completed wave 2/B that can be underway now to around 0.8615.

AUDUSD 4h Elliott Wave…

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Added by Gregor Horvat on November 14, 2014 at 8:36am — No Comments

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