Most Viewed Webinars June 16th - 22nd
#1 Giuseppe Basile, CMT - MONTHLY WEBINAR - Part I: Thinking and trading like modern algos
#2 Jay Norris - …
Added by Francesc Riverola on June 26, 2014 at 10:49am — No Comments
The EURUSD maintained a bullish momentum yesterday , printed support at the 1.3600 levels .This development leaves the pair targeting the 1.3688 levels , a halt is likely , but a break would open 1.3740 next , further upside will aim the 1.3790 levels.
On the downside , support comes at the 1.3600 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 1.3600 levels on a daily closing basis will reverse risks towards the 1.3511 levels ,…Continue
Added by Haitham653 on June 26, 2014 at 8:30am — No Comments
USD pairs don’t have any good solid patterns these days, but there could be something interesting on USDJPY in days ahead after recent decline from 102.15 through the rising triangle trendline connected from 101.58. That trend line is now also trying to react as a resistance so view is bearish for 101.58. Rally back to 102.00 will put sideways swings back in play.
USDJPY 1h Elliott Wave Analysis…Continue
Added by Gregor Horvat on June 26, 2014 at 8:00am — 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…Continue
USD/JPY - Yen stands to be the biggest beneficiary
The lackluster USD/JPY pair is finally seeing some movement on the downside after horrible US first quarter GDP number. It is known fact by now that weak GDP would be blamed on extreme weather, however that argument should be bought with pinch of salt. US ten year yield has eased to 2.54% pushing USD/JPY lower to 101.70.
I had mentioned yesterday that I would prefer to Sell USD/JPY on rise and I…Continue
Added by Omkar Godbole on June 25, 2014 at 3:53pm — No Comments
Goldman Sachs - "We have maintained our EUR/USD forecast at 1.38, 1.34 and 1.30 in 3, 6 and 12 months. Our shift to a more bearish view of the Euro was motivated by ECB commentary which telegraphed that easing was possible given persistently low inflation prints. Easing was subsequently delivered at the June meeting which included a deposit rate cut, fixed- rate TLTRO operations and ending the SMP drain. In addition, the inflation forecast for 2016 was revised down from 1.5% to 1.4%. The…Continue
Added by Francesc Riverola on June 25, 2014 at 3:58pm — No Comments
Westpac - "trades to think about for the coming 1-2 weeks:
Add to short 1 mth USD/CNH at 6.2550, stop 6.2795, target 6.1900
Short 1 mth USD/MYR at 3.2400, stop 3.2650, target 3.1800
Short 1 month USD/PHP at 44.05, stop 44.30, target 43.30
Long 1 mth USD/IDR at 11950, stop 11810, target 12300
Long USD/SGD at 1.2475, stop 1.2395, target 1.2650"
Added by Francesc Riverola on June 25, 2014 at 11:19am — No Comments
Outlook in GBPUSD has turned neutral , support comes at the 1.6965 levels while resistance is at the 1.7031 levels .On the downside : losing the 1.6965 levels on a daily closing basis will bring deeper decline towards the 1.6783 levels before the next strong rise……
On the upside , resistance comes at the 1.7031 levels , break of 1.7031 on a daily basis should resume the upside offensive , If seen , the pair will target the 1.7085 levels , a breach will pave the way towards the…Continue
Added by Haitham653 on June 25, 2014 at 9:41am — No Comments
Daily outlook in EURUSD remains cautiously on the upside towards the 1.3620 levels , a break would open 1.3676 next , further upside will am the 1.3745/1.3843 levels …
On the downside , support comes at the 1.3556 levels ahead of the 1.3511 levels, stability above support levels could push the pair towards the 1.3620/1.3676 levels , however ; sustained trading – daily closing – below the 1.3511 levels , will suggest false bullish break out , and is likely to open , 1.3455 levels…Continue
Added by Haitham653 on June 25, 2014 at 9:37am — No Comments
AUDUSD is reversing from 0.9445 high after only three waves up from 0.9320 so it seems that market is still making a corrective price action in wave (iii) that can retrace even back to 0.9300 before turning higher. 0.9206 is invalidation level.
AUDUSD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on June 25, 2014 at 8:25am — No Comments
25th June 2014. Some interesting price action with the S&P yesterday. At this point knowing what we know about the Fed it is hard to believe that we will get any significant follow through. That said I will be looking to see No.1, do we get a gap down in the FTSE this morning…Continue
Added by Gary on June 25, 2014 at 7:30am — No Comments
The pair has been trading in a narrow range for quite some time now. US VIX near 2007 lows, strength in equity markets and lackluster US treasury yields provide no clear trigger to Dollar-Yen pair. The silence in USD/JPY pair is alarming given that pair hardly moved during the recent Iraq crisis.
The action in USD/JPY pair today during Asian and early European restricted around 101.90 levels. Consumer confidence data and New homes sales data…Continue
Gold prices ticked down in early Asian session, the yellow metal placed low 1313.13. Yesterday this metal was range bound and do not indicate a clear direction. Strong bullish sentiments are founded above the price levels 1306. This metal is range bound between a critical range 1306-1325 after the Fed decision.
1st entry; Sell below 1316, Expected Targest 1306, Stop Loss 1321, Buy stop 1325
2nd entry; Buy above 1303, Expected Targets…Continue
Added by Usman Ali on June 24, 2014 at 8:03am — No Comments
USDCAD fell sharply lower last week and now it's even extending weakness towards 1.0700 so it seems that market is trading within wave iii), typically the strongest wave in the five wave cycle. As such, we suspect that price will fall even lower in this week, ideally to around 1.0680 where we will be looking for signs of a bounce in price.…Continue
Added by Gregor Horvat on June 24, 2014 at 7:52am — No Comments
EUR is continuing consolidation below 1.3600, and yesterday's attempt to break that resistance has failed because of the worse than expected PMI data. Today the IFO data will be released and if it is also worse like yesterday's then the EUR may drop again to 1.3550 or 1.3510. Currently the price is above the H4 negative cloud and going deep below it is not likely. Recovery to the upside will continue once the price is above 1.3600, until that one or several downside tests may appear. Daily…Continue
Added by Vladimir Mihaylov on June 24, 2014 at 4:59am — No Comments
“To serve as Prime Minister while being too mindful of the approval rating is like serving as Prime Minister on a roller coaster. What is important, I believe, is that I really act on promises that I make and leave results. Leave a track record and show to the Japanese public, who will,…Continue
Asian markets and the AUD are up today after good news from China. USD is also looking bearish against the other currencies, as USD Index is looking weak this morning and even pointing down to 80.00 area because of three waves from the lows.
USD Index 1h Elliott Wave Analysis
AUD is not…
Added by Gregor Horvat on June 23, 2014 at 8:20am — No Comments
A 3rd up week in succession was posted in CABLE last week although the scope of the upside was significantly less than the preceding week.
That was due to profit taking attempts above the psychological level of 1.7000, at the highest levels traded since Oct 2008 and with signals for sentiment at overbought extremes.
But although the…Continue
Added by Alan Collins on June 23, 2014 at 7:51am — No Comments
Outlook in GBPUSD remains on the upside this week , as long as 1.6991 holds on a weekly closing basis , next resistance comes at the 1.7075 levels , a break would open 1.7175 next , further upside will aim the 1.7290 levels.
On the downside , support comes at the 1.6991 levels , sustained trading – weekly closing below this level will turn outlook neutral for retesting the 1.6917/1.6737 levels before the next possible rise …
In all , as long as support 1.6691 holds on a weekly…Continue
Added by Haitham653 on June 23, 2014 at 7:46am — No Comments
Despite recovery last week , outlook in EURUSD remains - cautiously – on the downside , support comes at the 1.3511 levels , sustained trading – weekly closing – below this level will extend losses towards the 1.3380 levels , further downside will pave the way towards the 1.3215 levels where a breach will turn focus on the 1.3030 levels….
On the upside , resistance comes at the 1.3668 levels ahead of 1.3774 ( main) , stability below resistance could mean a break below the 1.3511…Continue
Added by Haitham653 on June 23, 2014 at 7:42am — No Comments