Recommendations: SHORT positions below 0.9080 with 0.8047 & 0.8720 as next target.
Alternative scenario:The upside breakout of 0.9080 will call for a rebound to 0.9166/0.9315
Description: The pair is under pressure , stability below 0.9080 will build pressure on the 0.8847 levels , below 0.8847 would open 0.8720 levels.On the upside , break of 0.9080 levels on a daily basis would only delay the bearish move for retesting 0.9166…
Added by Haitham653 on December 15, 2013 at 9:23am — No Comments
EURUSD: Pressure Builds On The 1.3831 Level.
EURUSD: EUR looks to extend its bullishness in the new week having continued to hold on to its medium term uptrend. Further out, resistance resides at the 1.3831 level where a break will aim at the 1.3900 level. Price hesitation may occur here but if violated it will target the 1.4000 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 1.3693 level with a break turning focus to the…Continue
Added by fxtech on December 15, 2013 at 12:12pm — No Comments
The average of 6 major spot currency pairs against the USD.
Added by Ron Schelling on December 15, 2013 at 12:30pm — No Comments
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!
What Forex Target Traders See: We are currently sitting @ 1.3734. The pair has broken the support to the downside and it appears a top has been put in place. We are looking for a movement to the 0.382 Fibo @ 1.3634 with the overall target at the R4 @ 1.3590. Watch for a bounce there. The average daily true range (ATR) for the pair has dropped and is currently is 71 pips.…Continue
Added by Scott Barkley on December 14, 2013 at 3:05pm — No Comments
EUR/USD continued rising, but was unable to reach the previous highs. Is it about to change direction? Manufacturing and services PMIs, President Draghi’s speech, German ZEW Economic Sentiment and the Ifo Business Climate indicators. Here is an outlook for the market moving events and an updated technical analysis for EUR/USD.
Most recent indicators from the old continent haven’t been…Continue
Added by Yohay Elam on December 15, 2013 at 7:20am — No Comments
Added by Ivan Sonavia on December 14, 2013 at 12:05pm — No Comments
Suggestion for trade
Sell @ upper trendline channel (currently 1.4657), stop loss 1.4677, Targets 1.4555 and 1.4200
Buy @ break and daily close above upper trendline channel (currently 1.4657), stop loss 1.4637, target 1.4820
EUR/CAD is being traded in rising wedge formation since last two months, but now it seems that a breakout might be in play very soon as the wedge has become too squeezed and bulls may attempt to reach 1.4827…Continue
Recommendations: LONG positions above 1.3736 with 1.3780 & 1.3810 as next targets.
Alternative scenario:The downside breakout of 1.3736 will call for a slide to 1.3695/1.3660
Description: The pair printed support yesterday at 1.3736 levels on the daily chart, with this level intact , the pair is likely to retest 1.3780/1.3810 levels , above 1.3810 would challenge 1.3832 , break of 1.3832 will target 1.3870 levels . On the…
EUR reacted calmly on mixed data released yesterday. There was a very small amount of profit taking and the major players still prefer to hold their LONGs, that is why the pair downside has stopped ahead of the well known support area of 1.3730. I think that all are waiting for the FED next move and want to hear it from FED next week. Maybe the big profit taking will be just before Chritmas. For now the EUR consolidates in a narrow range between 1.3730-1.3770.
As expected GOLD wasn't…Continue
Added by Vladimir Mihaylov on December 13, 2013 at 6:33am — No Comments
The USDJPY maintained a bullish momentum yesterday , printed support at 102.14 levels, this development leaves the pair targeting the 103.38 levels where a breach is very likely ,If seen , we might see some hesitation around 103.73 but the way will be paved towards 104.65 levels , break of 104.65 will open 106.95 levels.
On the downside, support comes at 102.15 levels ,losing this level on a daily basis, would weaken/ delay the current bullish run for retesting 101.61 ahead of…
Added by Haitham653 on December 13, 2013 at 6:15am — No Comments
Higher and higher we go and noone cares about the economic data, until today. It is quite important day today as it may change the bullish picture. The pair seems supported by the 1.3770 level,which means that loosing it will trigger a massive profit taking from LONGs, just before the Christmas holidays. Banks have now enough extra cash from this long trend for their owners, so they can spend the New Year's holiday where ever they want :) But aside from the holiday things let's take a quick…Continue
Added by Vladimir Mihaylov on December 12, 2013 at 5:48am — No Comments
Recommendations: LONG positions above 1.3738 with 1.3830 & 1.3870 as next targets.
Alternative scenario:The downside breakout of 1.3738 will call for a slide to 1.3680/1.3620
Description: With the key support 1.3738 intact , further rise is suggested towards 1.3832 levels, above 1.3832 will aim the 1.3870 levels , On the downside , support comes at 1.3738 levels , losing this level on hourly basis will reverse risks towards…
If EURGBP UP (BUY EURUSD) AND (SELL GBPUSD) at the same time
1. When you see any Signal to buy EURGBP. Like today at 10.55 GMT+2
EURGBP = 0.8378 / EURUSD = 1.3766 / GBPUSD = 1.6430
THEN Buy EURUSD AND SELL GBPUSD
2. When you see any Signal to Sell EURGBP. Like today at 19.55 GMT+2
EURGBP = 0.8416 / EURUSD = 1.3796 / GBPUSD = 1.6391
THEN Close all positions
YOUR PROFIT = 69 PIP
EURUSD = 1.3796…
In the last 6 months I asked myself so many times if it is the time to short the stock indexes bringing many good reasons to do it. Before writing articles or making analysis I am a trader so every time I publish something is only after I already placed a pending order in the market to test my theory. Until now the answer to my questions was always NO - is not the right time to short indexes. But this is not like will keep me away from testing my theories. So here I am again with a new…Continue
Added by Arenoosh on December 11, 2013 at 12:18pm — No Comments
Recommendations: SHORT positions below 1.3794 with 1.3738 & 1.3695 as next targets.
Alternative scenario:The upside breakout of 1.3794 will open 1.3832/1.3870
Description: The pair printed a temporary resistance at 1.3794 levels , with this level intact, a correction to the downside is suggested , support comes at 1.3738 , below this level will look for 1.3695 level, sustained trading below 1.3695 will open 1.3640.On the upside,…
1. Remember to place here you calls for EUR/USD price for Friday December 13 - 2013 London Open at 7:00AM GMT.
2. Just place ONE forecast, example: EUR/USD at 1.3587
3. All forecasts must be placed before Wednesday December 11 -…Continue
Suggestion for Trade: Buy at 0.8860-0.8865, Stop Loss at 0.8840, Target 0.8990
USD/CHF yesterday bounced off from 0.88499 (61.8% fib level of last major move) and gave daily closing at 0.8872.
Major Support & Resistance Levels
At the moment in Asian session, the pair is around 0.8876 where it is likely to find an immediate support around 0.8860-0.8850 area, a break and close below this level may open doors for 0.8800 (trendline…Continue
Added by Usman Ahmed on December 11, 2013 at 7:10am — No Comments
You are not going to see very often this kind of calls from me but sometimes looking only at technicals and ignoring the fundamentals - could bring you some short term great trades. I was at shopping yesterday when one of my brokers send me an SMS asking me if I bought the gold? I was looking all around the supermarket but there was no gold on the shelves :)
Earlier in the morning the same broker sent me an email saying to buy the yellow metal above 1243 but at…
Added by Arenoosh on December 10, 2013 at 11:47pm — No Comments
Suggestion for Trade: Buy on daily close above 97.35 (trendline resistance), stop loss 97.15, targets 98.40 and 103.00
CAD/JPY has been trading within a 200 pips range since last two months as shown in the following chart, the pair yesterday gave a positive closing at 97.05 and at the time of writing in Asian session spot is around 97.20.
Major Support & Resistance Levels
The pair is likely to find an immediate hurdle…Continue
Added by Usman Ahmed on December 10, 2013 at 8:26am — No Comments