I remember a few weeks ago someone said: "The problem with bubbles is that if you sell stocks before the bubble bursts, you look foolish, but you also look foolish if you sell stocks after the bubble bursts." I don't remember exactly who that person was but the stock market is not the reason of this article, as I feel we have a similar situation on the Forex market. If you call now a reversal in the usd/jpy you might look foolish but also you might loose the…Continue
Added by Arenoosh on January 2, 2014 at 4:32pm — No Comments
After a strong finish for 2013, EUR/USD started 2014 with a slide and broke below long term downtrend support. The flows that pushed the euro higher are now turning against it. The latest European data came out as expected, and now markets await figures from the US, including the first hint for the Non-Farm Payrolls.
Here is a quick update on the technical situation, indicators, and market sentiment that…Continue
Added by Yohay Elam on January 2, 2014 at 12:22pm — No Comments
Hello everyone,,,, and happy new year to you all!!!
I hope you enjoyed 2013 , and I’ll do my best to make 2014 one of your best trading years , last year the EURUSD moved upward as expected , according to the yearly chart , there’s a room for further upside to test 1.4090/1.4500 levels before falling towards 1.2000 levels, anyway , sustained taring above 1.4500 levels will open 1.5000 levels and possible higher….note that we have minor resistance at 1.3870 levels , sustained…
1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- If the market rallies into resistance levels , a sell-off is expected.
3- If the market sells-off into support levels, a rally up is expected.
4-I highly recommend using divergences techniques, to find possible turning point during the week!
5- The recommended time…Continue
Recommendations: LONG positions above 1.6321 with 1.6550 & 1.6620 as next targets.
Alternative scenario:The downside breakout of 1.6321 will open 1.6250/1.6214 levels.
Description: The GBPUSD jumped last week to 1.5677 levels , Initial bias is on the upside this week and further rise is likely towards 1.6618 levels , break of 1.6618 will open 1.6745 next.On the downside , minor support comes at 1.6321 , below 1.6321 will turn…
Added by Haitham653 on December 28, 2013 at 11:00pm — No Comments
Recommendations: LONG positions above 1.3624 with 1.3810 & 1.3880 as next targets.
Alternative scenario:The downside breakout of 1.3624 will open 1.3480/1.3400 levels.
Description: The EURUSD rose last week towards 1.3892 levels , with the key support 1.3624 intact , further upside couldn’t be ruled out , break of 1.3880 should target the psychological level 1.4000.On the downside , losing the key support 1.3624 is needed to…
Added by Haitham653 on December 28, 2013 at 11:00pm — No Comments
First of all i wish you many of these next year and once again i want to thank you all for your comments and "Likes"…Continue
Monday August 8th 2011, U.S. stocks sank the most since December 2008, while Treasuries rallied and gold surged to a record, as Standard & Poor’s reduction of the nation’s credit rating fueled concern the economic slowdown will worsen.
The turmoil in the financial markets that day drove FXstreet English site to reach a new all-time high of 70,181 unique visitors.
Fed "unexpected" earlier tapering decision on December 18th drove FXstreet to touch new highs. The previous day…Continue
The EURUSD continued its bullish momentum , printed support at 1.3295 levels , broke above 1.3832 levels.Now focus will be on the 1.3870 levels (Oct 2011 high).
The EURUSD will have to hold above the 1.3870 levels on a monthly closing basis to push the market for further upside gains, If seen , It will target the 1.4866 levels (Sept 2008 high). a halt is suggested , but sustained trading above this level would open 1.6000 levels next.(note that 1.4866 capped the pair twice in 2009…Continue
Added by Haitham653 on December 27, 2013 at 4:09pm — No Comments
Dear friends, thank you for the good words through the year 2013. Next year i will try to follow the movements of the EUR and GOLD even more precisely and to help you with what i can. Merry Christmas to all and have a nice New Year's celebration.
Now let's take a quick look at the markets. After several days of consolidation below 1.3700 level due to Christmas holidays this morning we can see someone is trying to hit stops, creating an artificial buying interest. I think this…Continue
Gold 2014 - Bearish Outlook
Target - $1100 - 1050
Rose like a phoenix …now dwindling
First and foremost, like most of the market participants I also hold a bearish view on Gold. Some of the most commonly know reasons are –
Added by Omkar Godbole on December 24, 2013 at 7:53am — No Comments
EUR/USD lost ground after 5 weeks of gains, as the Fed finally announced QE tapering. Is it set to continue falling or can it stabilize in the week of Christmas? Here is an outlook for the market moving events and an updated technical analysis for EUR/USD.…Continue
Added by Yohay Elam on December 22, 2013 at 10:51am — No Comments
GBP/USD flexed some muscle during the week, but retracted and was almost unchanged, closing at 1.6328. The sole event this week is BBA Mortgage Approvals. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
Sharp employment numbers out of the UK boosted the pound in mid-week, but it was not able to consolidate these gains. US…Continue
Added by Yohay Elam on December 22, 2013 at 10:52am — No Comments
Recommendations: SHORT positions below 1.6480 with 1.6250 & 1.6150 as next targets.
Alternative scenario:The upside breakout of 1.6480 will open 1.6620/1.6745 levels.
Description: The cable rose last week towards 1.6483 , but couldn’t hold its gains above 1.6465 levels, support comes at 1.6177 levels , this week we might see some consolidation within 1.6200/1.6400 range. On the downside , a clear break below 1.6177 would…
Recommendations: SHORT positions below 0.9000 with 0.8920 & 0.8840 as next targets.
Alternative scenario:The upside breakout of 0.9000 will open 0.9080/0.9160 levels.
Description: Initial bias is neutral this week first, near term forecast stays bearish as long as 0.9000 resistance holds and sustained break of 0.8847 will pave the way towards 0.8760 ahead of 0.8640. On the upside ,break of 0.9000 will turn bias back to the…
Added by Haitham653 on December 22, 2013 at 9:30am — No Comments
Recommendations: LONG positions above 102.85 with 104.00 & 105.25 as next targets.
Alternative scenario:The downside breakout of 102.85 will call for a slide to 101.70/100.50.
Description: With the key support 102.85 intact, further rise towards 105.25 is suggested , break of 105.25 will aim 106.45 levels. On the downside , losing the key support 102.85 would weaken the current bullish run for retesting 101.70 levels ahead of…
Added by Haitham653 on December 22, 2013 at 9:52am — No Comments
Recommendations: SHORT positions below 1.3810 with 1.3550 & 1.3450 as next targets.
Alternative scenario:The upside breakout of 1.3810 will open 1.3870/1.3970 levels.
Description: The pair printed resistance at 1.3810 levels , stability below this level will keep the pair under pressure with risk towards 1.3550 ahead of 1.3450 levels.On the upside , break of 1.3810 on a daily basis would open the psychological level…
Added by Haitham653 on December 22, 2013 at 9:43am — No Comments
|EURUSD Daily Chart | December 22, 2013|
Today I am posting about forex market rhythm on EURUSD, USDJPY and AUDUSD
EURUSD went down after the Fed announce…
Added by Ivan Sonavia on December 22, 2013 at 1:17pm — No Comments
EUR slowly goes deeper and deeper after the tapering started officially. The big players on the market are calm because as long as the pair is above 1.3580 still nothing is lost. Along with this the pair approaches a stong support area around 1.3600 level +/- 10 pips. Below that the things will look more interesting, but as long as we are still above, we may see a 100 pips pullback for example. We have a double top formation model which is a high reliable trend reversal pattern. On a 1.3590…Continue
Added by Vladimir Mihaylov on December 20, 2013 at 6:47am — No Comments