Boursajee Club Currencies Reading...for 26-27/05/2015.
EUR/USD: expected trading, R 1.1080 & S 1.0680, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
GBP/USD: expected trading, R 1.5540 & S 1.5210, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
USD/JPY: expected trading, R 124.80 & S 121.80, waiting 4 bearish entry, more accurate financial forecast order on…Continue
Added by Pierre Chahine on May 26, 2015 at 6:36pm — No Comments
USDJPY: Bullish, Extends Strength
USDJPY: With the pair bullish and extending it during Tuesday trading session, it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye on that level. On the upside, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. A break will target the 124.00 level. Further out, resistance comes in at the 124.50 level. Its daily RSI is bullish and pointing higher…Continue
Added by fxtech on May 26, 2015 at 3:53pm — No Comments
Currently we are at 1.2392. We are looking for a continuation to the Resistance area @ 1.2412 with an overall target @ 1.2550. The average daily true range (ATR) for the pair currently is 114 pips.
Added by Scott Barkley on May 26, 2015 at 12:54pm — No Comments
EURUSD: Reverses Gain, Eyes More Weakness
EURUSD: With EUR reversing its previous week gains to lower on a sell, further weakness is envisaged. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Conversely, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850…Continue
Added by fxtech on May 24, 2015 at 4:58pm — No Comments
EUR has closed last week at 1.1000 level, currently it trades a little below it but we have a good support at 1.0960-80 area where is the Daily Senkou Span B price of the negative cloud. This serves as a strong support line. I do not expect this to be broken easily because this week's economic data not seem much dollar positive. Today is a non-working day in Germany, UK and USA, and some other countries and the markets will remain closed, so i expect low volatility and tiny range moves for…Continue
Added by Vladimir Mihaylov on May 25, 2015 at 5:00am — No Comments
As you can see from the daily chart below, price has been in a range (91.85 - 88.00) since mid Feb. Also note that the 200 SMA has done a pretty decent job of acting as a s/r level during the last few months. I am interpreting price action during the last 10 days as break below the SMA followed by a few retests, the last one being on Fri. My downside bias is further strengthened by the bearish pin bar formed on Friday.
To be fair, it is certainly possible for price to stay within the…Continue
Added by Oasis on May 23, 2015 at 9:34pm — No Comments
Major pairs and cross-rates strength and weakness compared to 1 week ago.
Added by Ron Schelling on May 23, 2015 at 7:06pm — No Comments
Added by Futuristic on May 23, 2015 at 2:49pm — No Comments
What ProAct Forex Target Traders See: We are currently sitting @ 1.1008 in a new down trend. We are looking initially for the S6 Support @ 1.10856 and we should see a continuation there to 1.0665 before the pullback. The average daily true range (ATR) for the pair currently is 144 pips.…Continue
Added by Scott Barkley on May 23, 2015 at 12:54am — No Comments
Currently we are at 1.5675 after a nice bounce. We are looking for a continuation to the R5 resistance area @ 1.5834 with an overall target @ 1.6058. The average daily true range (ATR) for the pair currently is 164 pips.
Added by Scott Barkley on May 21, 2015 at 12:37pm — No Comments
The EURUSD continued its bearish momentum yesterday, topped at the 1.1151 levels, and bottomed at the 1.1061 levels. Now focus will shift on the key support 1.1061 ?!!!
The EURUSD will have to hold below the 1.1061 levels on a daily closing basis to push the market for further downside losses, If seen, focus will shift on the 1.0950 levels, a halt is likely and reversal may occur here, However; If the market fails on the 1.0950 levels, expect further weakness towards the 1.0800…Continue
Added by Haitham653 on May 21, 2015 at 5:52am — No Comments
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 120.7867
Sell Stop: 122.0193
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 May 21, 2015 at 3:52am — No Comments
EUR/USD: expected trading, R 1.1320 & S 1.1020, waitng 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
GBP/USD: expected trading, R 1.5760 & S 1.5340, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
USD/JPY: expected trading, R 122.40 & S 119.80, waiting 4 bullish entry, more accurate financial forecast order on boursajeeclub.com.
USD/CHF: expected trading, R 0.9410 & S 0.9160,…Continue
Added by Pierre Chahine on May 21, 2015 at 12:09am — No Comments
The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.The German PPI index remains unchanged 0.1% in April as the previous month, missing forecast at 0.2% .
This development will keep the pair under heavy pressure with risk to test the key support 1.1065 where a cut is very likely , however; If seen , look for 1.1025 levels as next target……..
In all, as long as the pair trades below 1.1130 resistance (broken support), further down…Continue
Added by Haitham653 on May 20, 2015 at 6:45am — No Comments
Added by Martin Kay on May 20, 2015 at 2:36am — No Comments
Currently we are at 95.95 and back in the old range. We are looking for a continuation to the Support area @ 94.46 with an overall target @ 93.80. The average daily true range (ATR) for the pair currently is 118 pips.
Added by Scott Barkley on May 19, 2015 at 12:57pm — No Comments
As show on the 4 hour chart posted below, the EURUSD pair is under heavy pressure , at the moment of writing is around 1.1200 levels, there’s a room for more decline towards the 1.1172 levels. At this point I’d expect strong support from the 1.1172/1.1130 levels to contain fall from the 1.1466 levels and bring rebound, If seen , resistance comes at the 1.1331 levels where fall resumption is likely, above 1.1331 will extend recovery towards the 1.1400 levels.
On the downside,If…Continue
EUR/USD Vs German Yields 10's and 2's and USD 10's and 2's
The USD 2 year yield currently trades in a larger range between 1.671- 0.395, both encompass the 5 and 10 year averages at both range extremes. The current price at 0.54 sits just above the 1 year average at 0.537 while below is the 2 year average at 0.445. Both the 1 and 2 year averages crossed above the 5 year at 0.39 so within the larger 10 and 5 year range is found the 1 and 2…Continue