USDCAD is in downtrend. It's time to sell with SL above 1.1850 and TP at 1.17 and 1.16
Added by Nguyen on January 5, 2015 at 7:54pm — No Comments
Cable is at new lows as expected after we recognized a triangle pattern placed in fourth wave. Triangles will occur prior to the final leg within a larger trend, so we see market now in final stages of an impulsive decline. We are tracking fifth wave that can bottom somewhere around 1.5070-1.5150.
Added by Gregor Horvat on January 5, 2015 at 12:12pm — No Comments
Wish you all very happy and profitable new year 2015.The forecast for this year and week are given in my today's asian session: Live market analysis webinar.The recording of the same is available in the given below link.…Continue
Added by Dr. Sivaraman on January 5, 2015 at 2:03pm — No Comments
Outlook in EURUSD remains on the downside as long as 1.2220 resistance holds on a weekly closing basis , support comes at the 1.2000 levels , a halt is likely , but a cut will bring sell-off towards the 1.1800 levels ahead of the 1.1500 levels .
On the upside , resistance comes at the 1.2220 levels (main) , break of the 1.2220 levels on a weekly closing basis is needed to signal short term bottoming ,If seen , risk will be reversed towards the 1.2376/1.2613 levels before the next…Continue
Buy above 1195, Expected Targets 1210, Stop Loss 1190 Sell stop 1188, TP 1170, Sl 1195.
Buy near 1.5275 Expected Targets 1.5325 Stop Loss 1.5250 Sell stop 1.5245.
buy near 1.1945 Expected Targets 1.2025,Stop Loss 1.1920,Sell stop 1.1915
Added by Usman Ali on January 5, 2015 at 7:14am — No Comments
Great British Pound lowered against the US dollar on Friday more than 240 pips, this pair is under a great selling pressure and it seems that this pair is going to test its previous low 1.4850. this pair has crossed the low of 4th October, 2013.
On the other hand dollar index is going in to bullish trend and amending its high day by day, this instrument has crossed the high of November, 2008.
Technically this pair is in bearish trend for day trading because
1) SMA100 and 200…
Added by Usman Ali on January 5, 2015 at 6:49am — No Comments
EUR dropped heavily with today's open and started this week with a huge gap lower. Seems that EU economy is quite more worse than mr. Draghi and other financial ministers keep trying the whole 2014 to convince us. Now the politics take part in the game trying desperate to save the EU economy. mrs.Merkel says Greece may be kiked off the EU zone soon and this has turned the market into a strom field. It is good to know that such news throw the market into panic and economic data has no matter.…Continue
Added by Vladimir Mihaylov on January 5, 2015 at 6:27am — No Comments
Added by 2hlxnmiamurai on January 5, 2015 at 6:00am — No Comments
AUDUSD – Up
Gold – Up…Continue
Added by Hoho9 on January 5, 2015 at 4:53am — No Comments
With the start of a new year and during the first Monday of 2015, EURUSD did fall in a super fast way after the gap from 1.195 to 1.1861 Where ECB Ex President Jean-Claud Trichet saved the EURO in 2010.
Who know maybe Trichet before leaving the ECB placed pending orders at 1.1861 in case Mario fail to hold the price above…Continue
Added by 2hlxnmiamurai on January 5, 2015 at 4:04am — No Comments
GOLD: Faces Recovery Threats
GOLD: Despite its almost flat close the past week, GOLD continues to face corrective recovery threats. On the downside, support stands at the 1,167.00 level where a break will aim at the 1,150.00 level. Below here if seen could trigger further downside towards the 1,130.00 level where a break will aim at the 1,100.00 level. On the upside, resistance lies at the 1,200.00 level where a break will aim at the 1,230.00 level. A break will target the 1,250.00…Continue
Added by fxtech on January 5, 2015 at 1:00am — No Comments
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Friday's high 1.2107, low…Continue
Added by Nili on January 5, 2015 at 1:28am — No Comments
Buy at S1 price with TP =R1 and SL= (S1+S2)/2
Buy at S2 price with TP1 =R1, TP2=R2 and SL= (S2+S3)/2
Buy at S1 price with TP1 =R2, TP2=R3 and SL = 40 pips
Sell at R1 price with TP =S1 and SL= (R1+R2)/2
Sell at R2 price with TP1 =S1, TP2=S2 and SL= (R2+R3)/2
Sell at R1 price with TP1 =S2, TP2=S3 and SL = 40 pips
Added by Nguyen on January 5, 2015 at 12:00am — No Comments
Nearly anyone can get into foreign exchange trading. The article below
will help you learn how foreign exchange functions and what it takes to
make money through trading foreign currencies.
Forex depends on economic conditions far more than futures trading and
stock market options. It is crucial to do your homework, familiarizing
yourself with basic tenants of the trade such as how interest is
calculated, current deficit standards, trade balances and sound…
Added by Forex Maxims on January 4, 2015 at 8:30pm — No Comments
Trading on the foreign exchange market can be risky, especially if you
are unsure of how to navigate the trading system. Follow the guidelines
included in this article in order to increase your chances of trading
safely and minimizing risk.
Make sure you pay attention to the news, especially news from countries
in which you have invested in their currency. Current events can have
both negative and positive effects on currency rates. Setting up some
Added by Forex Maxims on January 4, 2015 at 8:30pm — No Comments
If you don't mind trading the weekly chart, you may want to consider taking this short. The best entry was 100 pips earlier, but this still looks good with R/R 1 to the first target.
You may even get a better entry today as price may retrace up as it often does on Monday.…Continue
What ProAct Forex Target Traders See: We are currently sitting @ 1.2004. Looking to see what reaction we get here. A break down here would set up a nice move to the S6 @ 1.1883. A bounce - look for the 1.2260. The average daily true range (ATR) for the pair currently is 97 pips.…Continue
Added by Scott Barkley on January 4, 2015 at 1:23am — No Comments
The market kept on exaggerating in stretching in on one direction till passing important support & resistance levels, opening the door for a greater move in the same direction... will this happen? only the month of January price action will answer that for us on our charts.
EURUSD strong support was at 1.2040 the Support from July 2012 ... now price managed to pass it
GBPUSD strong support was at…Continue
Added by 2hlxnmiamurai on January 2, 2015 at 11:52pm — No Comments