Recommendations: LONG positions above 1.3209 with 1.3300 & 1.3400 as next targets.
Alternative scenario:The downside breakout of 1.3209 will call for a slide to 1.3175/165
Description: The pair trades above the key support 1.3209 , It's already found another support at 1.3238, as long as those levels hold , It will try higher towards 1.3295 , an hourly close above 1.3295 will open 1.3355/1.3400 levels, an hourly close below…
EURUSD is bullish , so as long as 1.3175/1.3255 holds on a daily closing basis, next resistance is around 1.3400 levels, losing 1.3175 on a daily closing basis will open the way towards 1.3082 ahead of 1.30000
GBPUSD is neutral , support is at 1.5327 ahead of 1.5288 , resistance is at 1.5412, a daily close above 1.5412 will open 1.5475/1.5530,while below 1.5288 will open 1.5128.
USDJPY is neutral , strong support is at…
Added by Haitham653 on July 30, 2013 at 5:46am — No Comments
EUR moved in a tiny range yesterday and continues to trade calm since the beginning of today. More light in the current situation will put the consumer confidence for Germany and Eurozone later today. The expected values are not good and assuming that EUR needs a correction move before next upmove, i think that we have greater chances to return to 1.3205 and 1.3140-60 in the following hours, than going to 1.3300. We have an intermediate support at 1.3190 so keep in mind that it may bounce to…Continue
Please look at today analysis also note that GOLD and EURO are looking to go down.EURO CAN HIT 3100 IN THIS WEEK AND GOLD MAY HIT 1303.
Instrument Trend Recommendation 29-07-2013
EUR/USD Sell below 1.3280,TP1.3250/25,SL1.3315 ,BOB1.3320
Sell below 1.5390,TP1.5352/25 ,SL1.5420 ,BOB1.5425
Sell below 1330,TP1321/17,SL1335,BOB1336
Buy above 97.80,TP98.10/30SL97.50,BOS 97.40
Added by Usman Ali on July 29, 2013 at 5:44am — No Comments
Brown Brothers Harriman - "Euro: The euro managed to push through the Bernanke-induced high set on July 11 just above $1.3200 and raced to $1.33 before running out of steam. After posting a seemingly bullish outside up day on Thursday (July 25), the euro consolidated in less than half a cent range before the weekend.
The euro has approached a downtrend line drawn off the 2011 high near $1.4940, the Feb 2013 high just above $1.3700, and June high a little above $1.34. It…
Added by Francesc Riverola on July 28, 2013 at 9:02pm — No Comments
The GBPUSD rose as suggested last week , topped at 1.5434 levels.On the daily chart , the pair has lost some of the upside momentum after bottoming at 1.5288 levels, since the pair failed to close below 1.5288, it pulled-back towards the key resistance 1.5390 , now pressure will be on the key resistance 1.5390, stability above the 1.5390 levels on a daily closing basis will pave the way towards 1.5465 ahead of 1.5515 levels, above 1.5515 will have large bullish implication towards 1.5750…Continue
Added by Haitham653 on July 29, 2013 at 1:29am — No Comments
EUR is in a stand-by mode waiting for the ECB rate decision on Thursday. Until that it will move within the reange between 1.3180 and 1.3310. If the rate is unchanged and no hints for approaching rate cut the EUR will attack 1.3450 this week. If we have a rate cut EUR will drop below 1.3000 again with target 1.2850.
GOLD is under pressure of the negative Ichimoku and any drop and daily close below 1305 will restore the free fall again. We need a Daily close above 1350 to continue the…Continue
Majors currencies are most interesting to pay attention.
I attached some charts that i am going to trade with.
To place 50 pips in every scalping trade is very welcome and sufficient.
Euro has always trick conditions to be traded.
On M30 chart I thinking that sellers could dominate the market for this week.
Pay Attention for bearish pin bars.…Continue
Last week, in the absence of major key economic data announcement, some of the minor data’s released from Europe and USA suggested few positive signs that brought stability, reducing the volatility that helped market to trade within narrow band. Japanese Yen and Gold made gains by stretching an extra mile. Yen still in a consolidating phase after huge one sided move seen in previous months. Gold recovered on hopes that Fed could delay its unwinding plan.
We are heading for a volatile…Continue
Added by asad rizvi on July 28, 2013 at 7:00pm — No Comments
Rebound from 12755 levels continued last week towards 1.3296 levels, the daily close above 1.3255 levels opens the way towards 1.3330 ahead of 1.3420 levels, break of 1.3420 will extend gains towards 1.5600 levels, above 1.5600 may expose 1.3710 and target 1.3820 levels.
On the downside , as long as 1.3165 holds on a daily closing basis, rebound from 1.2755 is in progress and is likely to extend higher , below 1.3165 would delay the bullish move for retesting 1.3082, next support…
The Gold extended its gain towards 1.348 levels last week, after breaking above 12999 levels, support is at 1313.21 , a break below this level will open the way towards 1270.14 levels, below 1270.14 will bring a free fall towards 1209 levels.
On the upside, resistance is at 1348, above this level will extend gains towards 1385 where a breach will turn focus on the 1424 levels.
In all as long as 1313.21 holds on a daily closing basis, the pair is likely to try upward…
EUR/USD rode on the dollar weakness and reached higher ground. Can this strength continue? German Consumer Sentiment, inflation and employment data all precede the all-important rate decision and the accompanying “Draghi show”. Here is an outlook on the main market movers and an updated technical analysis for EUR/USD, now on higher ground.
Last week …Continue
Added by Yohay Elam on July 28, 2013 at 6:49am — No Comments
As per the daily chart, I see a bullish divergence in place. It appears that the bottom has been formed and rounded off as well. I am looking for price to move a few pips above the recent swing high at 0.9318, so 0.9330 would be good place to enter.
We are all different in the way we trade, our time horizons vary, so I will leave stop and exit levels out from this post. For the moment I look forward to comments regarding the validity of taking this…Continue
What Forex Target Traders See: We are currently sitting @ 1.3282 and stalled on the 0.214 Fibo. We are waiting to see if we get a break down up since the structure says we should sell to the S5@ 1.3040. A break out higher (and an opportunity to sell higher) is at the 1.3418 area. The average (14 day) daily true range (ATR) for the pair currently is 110 pips. …Continue
Added by Scott Barkley on July 27, 2013 at 2:37pm — No Comments
1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- I highly recommend using divergences techniques, to find possible turning point during the week !
3- The recommended time frame , the 1 hour and below.
4- You can also use chart pattern, candlesticks, trend lines and price action to find possible turning point!
5- These levels would help you set realistic targets and exit points, so you…Continue
Recommendations: LONG positions above 1.5374 with 1.5430 & 1.5470 as next targets.
Alternative scenario:The downside breakout of 1.5374 will call for a slide to 1.5325/280.
Description: The pair's already found support at 1.5374, as long as this level holds , It will move higher towards 1.5430 , ahead of 1.5475 levels, an hourly close below 1.5374 will reverse risks to the downside towards 1.5325/280 levels.…
Equity prices are beginning to look toppy again, the FTSE 100 has been struggling to make much headway above 6600 this week. Results in the UK have been generally good but a lot of this has been factored into prices– this week ARM holdings had results which the market initially liked but with the shares on a p/e ratio of 70 the share price has since weakened as the share price factors in a lot of good news. Similarly, yesterday aero-engine maker Rolls Royce announced good…Continue
EUR/USD is rangebound in Friday trading, as the pair takes a breather after sharp gains on Thursday. In today’s European session, the pair is trading in the high-1.32 range. On Thursday, German Ifo Business Climate looked solid as it matched the forecast. Spanish Unemployment was a pleasant surprise, beating the forecast. The news was not as good out of the US, as both key indicators fell short of…Continue
Added by Yohay Elam on July 26, 2013 at 10:26am — No Comments
If EUR breaches the 1.33 level and expect further upside. Next resistace level palced above 1.34…