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 GBPUSD analysis from FXStreet's Analyst Valeria Bednarick published today at FXStreet and placed below, and post a quick comment with your opinion. Just share with us your technical view about the GBPUSD.…
The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2770 levels .This development leaves the pair targeting the 1.2560 levels , a halt is likely , but losing the 1.2560 levels will turn focus on the 1.2470 levels , further downside will aim the 1.2375 levels.
On the upside , resistance comes at the 1.2685 levels ahead of the 1.2770 levels (main) , above the 1.2685 should weaken the current bearish run and open 1.2770 levels , break of 1.2770 on a daily…Continue
Added by Haitham653 on October 30, 2014 at 6:55am — No Comments
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 29/10/14
On 29/10/14, British Pound / US Dollar closed down -0.0129 at 1.6012
Period Statistical Change
10-period 7.7907 …Continue
Added by Nathan Kay on October 30, 2014 at 2:40am — No Comments
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy, It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the nearest future.
The FOMC announcement will be today at 18:00 GMT . They are expected to leave policy rates unchanged-with fed funds at range of zero to 0.25 percent, there was some talk about a minority expand…Continue
Added by Haitham653 on October 29, 2014 at 7:38am — No Comments
VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 28/10/14
On 28/10/14, Australian Dollar / US Dollar closed up 0.0054 at 0.8859
Period Statistical Change
10-period 7.3294 …Continue
Added by Nathan Kay on October 29, 2014 at 3:08am — No Comments
Outlook in AUDUSD has turned neutral with risk to the upside as long as support 08785 holds on a daily closing basis , resistance comes at the 0.8898 levels where a breach will turn focus on the 0.8950 levels , further upside will aim the 0.9111 levels.
On the downside , support comes at the 0.8785 levels , losing this level on a daily closing basis will reverse risk to the downside towards the 0.8642 levels where a cut will open the 0.8500 levels ahead of the 0.8315…Continue
Added by Haitham653 on October 28, 2014 at 11:26am — No Comments
USDCAD is reversing from the highs but it can be just another deep corrective retracement. Ideally price turned down into wave two that is already showing a corrective substructure on lower time frames. As such, market could turn bullish in days ahead but we need daily close above 1.1300 level to confirm further strength. Ideally however, pair will bottom somewhere between 38.2% and 50% Fibonacci retracement level.
USDCAD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 28, 2014 at 9:00am — No Comments
At the moment , outlook in EURUSD has turned from bearish to neutral as long as 1.2613 holds on a daily closing basis, the daily closing above the 1.2695 levels , put the pair in recovery mode , and further upside couldn't be ruled out , but recovery above the 1.2613 should be limited by the 1.2886 levels where fall resumption is suggested . If 1.2886 is taken out, recovery is expected to extend towards the psycho level 1.3000.
On the downside , support comes at the 1.2613 levels ,…Continue
USD JPY Daily Chart:
I thought it would be interesting to have a closer look at the daily on this pair as one of our newer members had some thoughts on it earlier.
I have shaded an arrea where there are 4 interesting confluences: Around 108.88
Added by Constantine on October 27, 2014 at 11:00pm — 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, or at start of November.
AUDUSD Daily Elliott Wave…Continue
The EURUSD consolidated last week below the 1.2886 levels as expected , with this level intact on a weekly basis , further downside couldn't be ruled out , this is the last week of Oct , let’s highlight the most critical events which may influence EURUSD pair next week :
Monday , Oct 27 2014
Added by Haitham653 on October 27, 2014 at 8:31am — No Comments
EUR is currently below the Daily resistance of 1.2720, we have two more resistance levels to break after that - they are 1.2735 and 1.2760. Above the last the upside will be fully restored and you may enter LONG. We have the FOMC meeting on Wednesday so i expect some EUR recovery ahead, but not above 1.2900 before the meeting. Weekly, Daily and H4 indicators are turning to the upside so this tells me that some recovery is possible. If we break 1.2900 resistance too then the recovery may…Continue
Added by Vladimir Mihaylov on October 27, 2014 at 5:57am — No Comments
EURUSD: Threatening Trend Resumption
EURUSD: With EUR halting its recovery the past week , it faces downside risk in the new week. On the upside, resistance lies at the 1.2839 level where a break will aim at the 1.2900 level, its psycho level followed by the 1.2950 level. Further out, resistance comes in at the 1.3050 level. Support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2500 level. If this…Continue
Added by fxtech on October 26, 2014 at 3:35pm — No Comments
Added by FuturesMO on October 26, 2014 at 3:16pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.2646. We are looking for the finish of the correction in this resistance area then down to the S8/2.618 Fibo target @ 1.2423. The average daily true range (ATR) for the pair currently is 119 pips.Continue
Added by Scott Barkley on October 25, 2014 at 2:35pm — No Comments
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