Recommendations: SHORT positions below 1.3572 with 1.3510 & 1.3475 as next targets.
Alternative scenario:The upside breakout of 1.3572 will open 1.3600/1.3630 levels.
Description: Intraday outlook in EURUSD is on the downside as long as 1.3572 holds on hourly basis , support around 1.3510 , below this level will open 1.3480 ahead of 1.3455 levels , further out will aim the 1.3400 levels.On the upside , break of 1.3572 on…Continue
Trading Recommendations for daily Trade.
sterling prices were under a great pressure since last 4 days, this currency lowered against US dollar more than 400 pips in last four days, this was an outstanding move. SMA analysis are saying that gbp-usd is in selling, Ichimoku cloud is also bearish in h4 and h1 graph. But 14 days RSI is oversold, that is indicating a a correction here,
EUR/USD: Buy Above 1.3510,TP1.3550/68, SL 1.3478 Break out…
EUR moved in a 40 pips range yesterday despite the bad US data. Any upside will be limited by the 1.3570-80 resistance area, and the market is very cautious to buy or sell ahead of the ECB rate decision later this week. Today we are going to stay in range between 1.3480 and 1.3550. Use the upside moves to sell and place SL. The pair is prepairing to test 1.3300 but this will happen after the ECB. Today there is no so important economic data, so breaking of the range is not…Continue
Added by Vladimir Mihaylov on February 4, 2014 at 5:55am — No Comments
Added by Greenwhale on February 3, 2014 at 9:06am — No Comments
Trading recommendations for Majors.
Sterling prices are under a great pressure since last three days,due to the FOMC decision, to reduced the bond buying program. If we look on the h1 graph, we can see that its overall trend is selling.
1) There is a crossover of SMA 100 and SMA 200 in.
2) Ichimoku colud is also indicating a selling trend .
3) in h4 graph, we can see that Prices has croosed the…Continue
Added by Usman Ali on February 3, 2014 at 7:32am — No Comments
This pair finally started to drift lower from the false-break that we discussed in last week's market commentary on Thursday and Friday. From here we see potential for the market to retest key support down at 1.6300 and will be holding our short trade for 1:2 risk / reward.
Added by Lewis Barber on February 2, 2014 at 8:30pm — No Comments
A week full of important economic data is ahead and we still cannot see any pullback in the EUR/USD pair, it is heavy bearish and still noone even thinks of profit taking. However it maybe influenced quite soon by the PMI data for Germany and USA which will be released today. If bad for Germany and good for the USA the dollar may even push the EUR further down to 1.3440 or 1.3390 where is the SMA200 line support. Ahead of it we are coing to make a significant correction higher to 1.3550 for…Continue
Added by Carol Harmer on February 3, 2014 at 5:34am — No Comments
Recommendations: LONG positions above 101.60 with 102.95 & 103.57 as next targets.
Alternative scenario:The downside breakout of 101.60 will open 100.15/99.20 levels.
Description: Outlook in USDJPY is neutral this week , resistance is at 103.57 levels , break of this level will recapture the 104.90/105.43 levels ,above 105.43 would open 106.65 next , further out will aim the 107.00 levels. On the downside , support comes…Continue
Added by Haitham653 on February 2, 2014 at 10:58pm — No Comments
Recommendations: LONG positions above 1.6497 with 1.6620 & 1.6670 as next targets.
Alternative scenario:The downside breakout of 1.6400 will open 1.6300/1.6260 levels
Description: Outlook in GBPUSD is neutral this week , resistance is at 1.6497 levels , break of this level will recapture the 1.6670 levels ,above 1.6670 would open 1.6745 next , further out will aim the 1.6800 levels. On the downside , support comes at the…Continue
Recommendations: SHORT positions below 1.3572 with 1.3400 & 1.3325 as next targets.
Alternative scenario:The upside breakout of 1.3572 will open 1.3650/1.3740 levels.
Description: The EURUSD maintained a bearish momentum last Friday , topped at the 1.3572 levels , and bottomed at the 1.3478 levels , Now pressure will be on the key support 1.3478 .The EURUSD will have to hold below the 1.3478 levels on a daily closing basis…Continue
Added by Haitham653 on February 2, 2014 at 10:46pm — No Comments
GBP/USD reversed directions and posted modest losses last week. The pair punched across the 1.66 line last week, but was unable to consolidate at these levels and closed the week at 1.6433. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
British GDP looked solid, rising 0.7% in…Continue
Added by Yohay Elam on February 2, 2014 at 7:19pm — No Comments
EUR/USD had a negative week, losing nearly 200 pips and uptrend support. The ECB rate decision is the main event of the week. Will the ECB give the euro another push down?Also German industrial production and PMIs will have an impact, among other events. These are the main highlights for this week. Here is an outlook on the major events and an updated technical analysis for…Continue
Added by Yohay Elam on February 2, 2014 at 11:55am — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3483 after a break of the Day Chart Trend line. This now makes the cross Bearish. We are looking for a move initially to the 3rd Wave S5 @ 1.3363 and a target below that is the First Wave S6 @ 1.3286. The average daily true range (ATR) for the pair has dropped and is currently is 80 pips.…Continue
Added by Scott Barkley on February 2, 2014 at 4:54pm — No Comments
Added by Omkar Godbole on February 2, 2014 at 9:00am — No Comments
USDCHF: With the pair reversing most of its previous week losses to close higher the past week, immediate risk remains to the upside. Resistance resides at the 0.9156 level, its Jan 21 2014 high. Further out, the 0.9200 level, its psycho level comes in as the next upside objective where a violation will aim at the 0.9249 level, its Nov 07’2013 high. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, the risk to this analysis will be a return to the…Continue
Added by fxtech on February 1, 2014 at 12:12pm — No Comments
The EURUSD maintained a bearish momentum this week , topped at 1.3716 levels , and broke below support 1.3567 . This development leaves the pair targeting the 1.3400 levels where a breach is very likely ,If seen it will turn focus on the 1.3325 levels , further out will aim the 1.3230 levels . a halt is strongly suggested but a cut will bring a free fall towards the 1.2954 levels.
On the upside , resistance comes at the 1.3716 levels , stability below this level on a weekly closing…Continue
Added by Haitham653 on January 31, 2014 at 5:27pm — No Comments
EURUSD 5 Min:
Today was setting up for an expanding triangle. Technically price had dropped to a third lower low and was right on the trend line joining the two previous lows with a small overshoot that made it even more relevant. This was also an exact measured move from the high of…Continue
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Recommendations: SHORT positions below 1.3559 with 1.3510 & 1.3480 as next targets.
Alternative scenario:The upside breakout of 1.3559 will bring rebound to 1.3587/1.3625.
Description: Intraday bias in EURUSD is neutral with downside risk towards 1.3510 ahead of 1.3480 levels as long as resistance 1.3559 holds on hourly basis , stability below 1.3559 will build pressure on the 1.3531 levels , a cut will extend…
Added by Haitham653 on January 31, 2014 at 10:00am — No Comments