Today's weaker than expected employment data brought a strong fall for the Aussie. AUD/USD fell to 0.8796 before going into a sideways mode. AUD/JPY fell to 92.17 after failing at 93.33.
Today's released data showed that the employment numbers fell by 22,600 in December 2013…
Added by Himanshu Jain on January 16, 2014 at 2:23pm — No Comments
Added by Carol Harmer on January 16, 2014 at 7:22am — No Comments
As expected the EUR tested 1.3580-1.3600 support zone then a small pullback appeared to 1.3620 area. For now the EUR stays inside the negative Ichimoku and keeps the chances of breaking it higher, but yesterday's move may be an early signal for a huge downside move ahead. For now immediate resistance is 1.3632. If we break through it next target will be around 1.3670-75. A fail there will result into reversal and the target will be set at 1.3540-20 area or even below 1.3500. At the moment of…Continue
Added by Vladimir Mihaylov on January 16, 2014 at 6:54am — No Comments
GBPUSD - Flirting with Trend line
Added by Omkar Godbole on January 16, 2014 at 6:30am — No Comments
Added by Carol Harmer on January 16, 2014 at 5:19am — No Comments
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3632
Buy Stop: 1.3573
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…Continue
Added by Martin Kay on January 16, 2014 at 5:00am — No Comments
The signal from this morning is still valid:
EURNZD,H1: EURNZD Open BUY at 1.62772. Set TP at 1.62950
The initial TP of 1.6295 is met, now we're anticipating it settling to at least 1.6340.…Continue
The FTSE 100 smsashed through long-term resistance at 6800 today and now looks poised for further upside after a dip back to the dynamic support layer. We will be looking out for price action buy signals on the daily / 4-hour timeframe if price dips back from today's highs into the end of this week.…Continue
Added by Lewis Barber on January 15, 2014 at 9:50pm — No Comments
The euro has rebounded from 1.3582, a figure below the Asian high at 1.3681, as buyers were firm ahead of 1.3572, the January 6th and 10th low and the base of the rising trend line (1.3570) that goes back to November 7th.…Continue
Added by Joseph Trevisani on January 15, 2014 at 8:06pm — No Comments
1. Remember to place here you calls for GBP/USD price for Friday 17 January- 2014 London Open at 7:00AM GMT.
2. Just place ONE forecast, example: GBP/USD at 1.6340
3. All forecasts must be placed before Wednesday 15…Continue
After having some problems with the site meetup.com that took down our newly launched Toronto FX MeetUp Group, we have reached an agreement with meetup.com so we are re-launching the group once again.
Toronto Forex MeetUp group is our 4th meetup after…Continue
Added by Francesc Riverola on January 14, 2014 at 4:18pm — No Comments
Winds of Change
Added by Carol Harmer on January 15, 2014 at 7:30am — No Comments
GBPUSD - Rises from Trendline Support
Added by Omkar Godbole on January 15, 2014 at 6:55am — No Comments
Added by Carol Harmer on January 15, 2014 at 6:00am — No Comments
As i have said yesterday on fail breaking 1.3700 the price will drop down to test the supports at 1.3580-1.3600. Currently 1.3630 intermediate is holding the asian bears, but breaking below is a matter of time. To restore the upside we need a H4 close above 1.3670 and i do not see this to happen today. So it is good to sell below 1.3650, however we are some 15-20 pips below that. I hope for some pullback to enter Short. Breaking below 1.3610 may destroy the whole upside recovery picture if…Continue
The AUDUSD maintained some bullish momentum last week , printed support at the 0.8865 levels. Now pressure will be on the key resistance 0.9080.
The AUDUSD will have to hold above the 0.9080 levels on a daily closing basis to push the market for further upside gains, If seen , It will have large bullish implication towards the 0.9333 levels where a breach will turn focus on the 0.9400 levels.
Alternatively , a failure to hold above the 0.9080 levels on a daily basis could mean…Continue
Added by Haitham653 on January 15, 2014 at 2:21am — No Comments
After selling off from near 105.50 last week the USD/JPY is now pushing back up towards this level again. We see potential for this market to enter choppy range-bound conditions from here and will look for sell signals as price pushes back to key resistance.