EUR/USD is under pressure in Thursday trading, as the pair trades in the low-1.30 range. The pair lost more ground on Wednesday, after ECB President Mario Draghi said that the central bank’s monetary policy will remain loose. In the US, Final GDP was a disappointment, falling well below the estimate. Looking at Thursday’s releases, German Unemployment Change posted a sharp drop. Italian 10-year… Continue
Added by Yohay Elam on June 27, 2013 at 9:52am —
Yesterday EUR and GOLD both have reached two of my targets. We had a drop to 1.2985 and then a pullback to 1.3030 as forecasted. Today there is plenty of economic releases, by the time of writing the economic releases are in favor of dollar, despite that EUR is building a solid support around 1.3020 which to be a launching station for testing the 1.3140 again. This probably won't happen today and maybe not tommorow, but next week we shall have this chance. Today's upside is limited by the… Continue
Added by Vladimir Mihaylov on June 27, 2013 at 7:00am —
CAD buy 10405 Stop 10392 Limit 10422 & 10482..
EUR :: 3048-52 SELL . STOP 3069 Limit 3027 & 2948....
GU ::: 5366 SELL . STOP 5382 LIMIT 5349 & OPEN....
GU :: Buy 5284 (scalp)
AUD : 9363 SELL .. STOP 9377 LIMIT 9340 & OPEN for rest..
Added by Tahir Khan on June 27, 2013 at 7:24am —
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 27/06/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 27/06/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is currently BEARISH. The MACD is currently below the… Continue
Added by Martin Kay on June 27, 2013 at 7:15am —
Sell at 1.3060. SL at 1.3084. TP at 1.3000. RR ratio above 2. You can work with multiple orders and after you take profit at 1.3000 you can lett the other order/s go for 1.2900 and 1.2800. Risk 1% of your trading capital.
Good luckk and best… Continue
Added by Daologic on June 27, 2013 at 7:09am —
EURUSD 27 06 2013
Forecast Range : 1.3049 - 1.2947
Trend Condition: Overbought
Looking for a possibility of taking small short around 1.3049 with a TP 1.2947 and SL: 1.3087 …
Added by sasoforex on June 27, 2013 at 2:39am —
Added by Carol Harmer on June 27, 2013 at 6:26am —
Recommendations: SHORT positions below 1.3058 with 1.3000 & 1.2950 as next targets.
Alternative scenario:The upside breakout of 1.3058 will call for a rebound to 1.3100/1.3145
Description: The pair trades below its resistance at 1.3058, as long as this level holds,look for further downside losses towards 1.3000/1.2950 levels, an hourly close above 1.3058 would delay the bearish move and pave the way towards 1.3100/1.3145… Continue
Added by Haitham653 on June 27, 2013 at 6:13am —
The Extended bullish divergence, usually comes in trending market,after strong fall and setting a temporary bottom, but because of the lack of bullish momentum, the pair usually extends its weakness below support level to get the necessary momentum.
In our case, according to daily %R - Williams , the pair put a temporary bottom at 1.3058 levels after forming a bullish divergence, but because of the lack of bullish… Continue
Added by Haitham653 on June 27, 2013 at 3:18am —
Added by FxG on June 26, 2013 at 10:38am —
Gold fell to a new low during Asian session with a delay reaction to strong US economic data released yesterday. Good US data means that FED is closer to tapering which is the reason for a sell-off on metals and stronger USD. EURUSD also reached new low at 1.3050 which could be wave five in 1 so corrective recovery may follow soon in wave 2 but remains unconfirmed as long as upper trend-line of a trading channel is in place. So for now pair remains in bearish mode for possible test of… Continue
Added by Gregor Horvat on June 26, 2013 at 8:42am —
EUR/USD continues to lose ground in the Wednesday session. The pair fell on Tuesday, as strong US data gave the dollar a boost. In Wednesday’s European session, the pair is trading in the mid-130 range, its lowest levels since early June. In economic news, there are no key releases on the schedule. The day started on a positive note, as German Consumer Climate climbed to a multi-year high. In a… Continue
Added by Yohay Elam on June 26, 2013 at 9:48am —
Added by fxalibabavince on June 26, 2013 at 6:25am —
EUR couldn't find a direction yesterday, my expectations for today are for a test of 1.3030 at least. If broken target will be 1.2950 with intermediate 1.3005. We have a good support at 1.2950-60, so there may occur a correction move and to end the day around 1.3000.
GOLD has reached my SHORT targets from yesterday, but the downside seems not finished yet. 1220 target left and it will be reached if 1250 is broken.
SHORT EUR below 1.3070 SL 1.3085 TP… Continue
Added by Vladimir Mihaylov on June 26, 2013 at 5:58am —
Added by Jason Sen on June 26, 2013 at 6:41am —
please look at today pictures which shows the support and resistance levels.
Added by Usman Ali on June 26, 2013 at 7:54am —
Getting Interested on CADJPY.. So just tracking for now..
Well at the present it is sitting on a supp lvl where about can't ignore the fact it can cause a bounce back higher upto around 95 considering it is not breaking under 92..
Daily / weekly projects that it has broken to the higher side and the drop if gets deeper to around 88 would still be…
Added by Tahir Khan on June 25, 2013 at 10:07pm —
As shown on the daily chart below, the pair was rejected from the key support 1.3060, %R Williams , we have bullish divergence on daily chart, If we shift down to 1 hour chart, according to RSI and MACD , the bearish trend starts losing its momentum .
The Idea: Long above 1.3058, with target towards 1.3160 and 1.3250 as a second target , stop out with a 4 hour closing below 1.3058, note that as long as the daily close is above 1.3058, the pair will try move higher, but If… Continue
Added by Haitham653 on June 26, 2013 at 12:49am —
Hello Daologic and other Ichimoku lovers - Please give your opinion regarding a possible long trade as per chart below. what needs to happen to justify an entry?
Added by Oasis on June 25, 2013 at 7:00pm —
After what happened here, specially the last week, I decided that I had enough...
We launched this site almost a couple of years ago in order to give our community of visitors at FXstreet.com the possibility to speak, to meet fellow traders and to help each other to become a better trader.
As you may already know, FXstreet.com is an unidirectional website so just a little feed-back from users is allowed.
After a soft launching, things seemed to work… Continue
Added by Francesc Riverola on June 25, 2013 at 2:30pm —