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EUR/USD Monthly View – Turning into a safe haven? Monthly downtrend intact

EUR/USD – Turning into a safe haven? Monthly downtrend intact

EUR/USD

Bias – Bearish for short term. Likely to test 1.3340 levels *…

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Added by Omkar Godbole on February 5, 2014 at 7:30am — No Comments

GBP/USD Monthly View - At lower end of the range; will Bank of England scrap forward guidance?

GBP/USD - At lower end of the range; will Bank of England scrap forward guidance?

GBP/USD

Expected Trading Range – 1.6250 to 1.6500…

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Added by Omkar Godbole on February 5, 2014 at 7:00am — No Comments

Daily Technical Analysis for Majors as on 5-2-2014.

GBP/USD placed a high 1.6668 on 24th January,2014, but unable to close near its high and placed a low 1.6478 on the same day. Since last 6 days, this pair was under a great pressure and lowered against US dollar more than 400 pips in last 6 days. This was a great correction, as I mentioned earlier.

Buy above 1.6315, Expected targets are 1.6370/1.6405 with a stop of 1.6295 and breakout sell is 1.6285.



 Today In early Asian session Gold shows a range bound situation. But if we…

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Added by Usman Ali on February 5, 2014 at 7:30am — 1 Comment

EURUSD Intraday Forecast Feb 05

Recommendations: SHORT positions below 1.3572 with 1.3480 & 1.3455 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 1.3500 , below this level will open 1.3475 ahead of 1.3455 levels , further out will aim the 1.3400 levels.On the upside , resistance at 1.3535…

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Added by Haitham653 on February 5, 2014 at 7:11am — 1 Comment

FOREX forecast 05.02.2014

EUR traded in range yesterday as expected, and even the range was smaller only 30 pips. That has put almost all indicators into neutral position. Market is waiting for economic data releases for today, and they are the final PMI for Germany and eurozone, ADP employment change for the US and the US ISM non-manifacturing composite later today. If the EU and Germany's data comes better then the EUR may recieve some support to test 1.3570-80 resistance area, however ahead of the ADP and ISM i…

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Added by Vladimir Mihaylov on February 5, 2014 at 6:42am — No Comments

AUDUSD targets 0.9000 levels

The AUDUSD maintained a strong bullish momentum yesterday , breached above 0.8915 and topped at the 0.8940 levels. This development leaves the pair targeting the 0.9000 levels , a halt is suggest and seller are likely to dominate the market once again around this level , but break of 0.9015 on a daily basis would open the 0.9115 level , further out will aim the 0.9220 levels.

On the downside , support comes around the 0.8865 levels , a bearish correction is likely to this level before…

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Added by Haitham653 on February 5, 2014 at 6:41am — 2 Comments

Euros Under Pressure Below 1.3560/80

Added by Carol Harmer on February 5, 2014 at 4:50am — No Comments

Gold Looks Under Pressure for 1246 in The Extreme Short Term

Added by Carol Harmer on February 5, 2014 at 5:29am — No Comments

Forex Oracle of the Week Contest - Place Your Calls For EURUSD Friday's London Open Price

Rules:

1. Remember to place here you calls for EUR/USD  price for Friday 7 February- 2014 London Open at 7:00AM GMT.

2. Just place ONE forecast, example: EUR/USD at 1.3520

3. All forecasts must be placed before Wednesday 5 February - 12:00AM…

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Added by Daologic on February 3, 2014 at 8:05am — 25 Comments

Daily Forex Trading Commentary - Tuesday 4th February 2014

NZD/USD - Bullish Price Action Outside Bar From Key Support

This pair formed a massive price action outside bar setup today as the NZD rocketed higher along with the Aussie dollar. From here we see potential for this market to retest key resistance up near 0.8400 and we will be looking to enter long around the 50% retracement level of this outside bar with our stop-loss placed below the low (for educational purposes only).…

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Added by Lewis Barber on February 4, 2014 at 10:56pm — 4 Comments

RBA removed the dovish words from their statement

In the article I sent to my followers on Monday, regarding to the RBA meeting, I said that “investors will look into the statement for clues of further actions. Anything else than a dovish tone will be considered a big surprise and investors might jump into long aud/usd for short term.”

This morning at 04:30 GMT the RBA delivered their statement and also the “surprise”: if in the last few meetings they always used words like “room to cut rate”, this morning, they removed this…

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Added by Arenoosh on February 4, 2014 at 2:08pm — No Comments

EURUSD Forecast Feb 04 2014

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…

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Added by Haitham653 on February 4, 2014 at 8:31am — 1 Comment

Daily technical analysis-as on 4-2-2014.

Trading Recommendations for daily Trade.

GBP-USD:

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…

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Added by Usman Ali on February 4, 2014 at 8:01am — 3 Comments

FOREX forecast 04.02.2014

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…

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Added by Vladimir Mihaylov on February 4, 2014 at 5:55am — No Comments

FX Morning Espresso European Edition

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Added by Greenwhale on February 3, 2014 at 9:06am — No Comments

Daily forcast and trading recomendatins as on 3-2-2014

Trading recommendations for Majors.

GBP/USD:

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…

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Added by Usman Ali on February 3, 2014 at 7:32am — No Comments

Weekly Forex Trading Commentary - Sunday 2nd February 2014

GBP/USD - Market Moving Lower From Price Action False Break Setup

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.

EUR/USD - Close Below…

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Added by Lewis Barber on February 2, 2014 at 8:30pm — No Comments

FOREX forecast 03.02.2014

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…

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Added by Vladimir Mihaylov on February 3, 2014 at 6:11am — 5 Comments

Euros Break 1.3525..Now Targets 1.3430/20

Added by Carol Harmer on February 3, 2014 at 5:34am — No Comments

USDJPY Forecast Feb 03-07

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…

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Added by Haitham653 on February 2, 2014 at 10:58pm — No Comments

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