The EURUSD failed to hold gains above the 1.2825 levels yesterday , declined below the 1.2735 levels and printed resistance at the 1.2760 levels ahead of 1.2840 levels .As a result ; Intraday outlook in EURUSD has turned neutral with risk to the downside as long as resistance 1.2760 holds on a 4 hour closing basis , support comes at the 1.2705 levels , losing this level would open 1.2640/1.2624 next , a cut will resume fall from 1.2840 levels and pave the way towards the 1.2500 levels…Continue
Added by Haitham653 on October 22, 2014 at 11:00am — No Comments
October 21st 2014. Good morning, I scalped NZDUSD overnight and added another 1% after Chinese data. Also based on the moves in Kiwi and many of the dollars pairs across the board I’ve just literally bought EURUSD, again as a scalping trade. I’ve got a number of Gold positions open right now too and the medium term correction in overstretched Dollar pairs continues.
EURUSD – My bias is to buy and I have done so this…Continue
Added by Gary on October 21, 2014 at 10:45am — No Comments
The EURUSD continued its bullish momentum few hours ago , printed a new support at the 1.2790 levels . This development leaves the pair targeting the 1.2886 levels , a halt is likely , but a break will open 1.2950 levels , further upside will pave the way towards the 1.3025 levels.
On the downside , support comes at the 1.2790 levels , losing this this level on a 4 hour closing basis would delay the bullish move for retesting the 1.2735 levels before the next rise .If 1.2735 fails , a…Continue
Added by Haitham653 on October 21, 2014 at 7:29am — No Comments
The EURUSD jumped towards the 1.2886 levels last week , and printed a new resistance at this level which could change trend direction the upcoming weeks , before we continue let’s highlight the most important events which may influence EURUSD pair next week :
Tuesday , Oct 21 2014
Added by Haitham653 on October 20, 2014 at 8:55am — No Comments
Daily Outlook in EURUSD has turned neutral with risk to the upside , support comes at the 1.2705 levels , a failure to hold below the 1.2705 levels on a daily closing basis , could mean a return to the 1.2886 levels , a break would open 1.2930 next , further upside will aim the 1.2994 levels . If this important resistance is taken out , focus will be on the 1.3115/1.3159 levels.
On the downside , support comes at the 1.2705 levels , losing this level on a…Continue
The EURUSD continued its bullish momentum yesterday , bottomed at the 1.2624 levels and topped at the 1.2837 levels .This development leaves the pair targeting the 1.3000 levels , a halt is strongly suggested , but a break would open 1.3125 next , further upside will aim the 1.3270 levels.
On the downside , support comes at the 1.2767 levels ahead of 1.2620 (main) , losing this level on a daily closing basis is needed to weaken the current bearish run , otherwise risk will remain to…Continue
Added by Haitham653 on October 16, 2014 at 1:22pm — No Comments
October 16th 2014 I Scalped Gold overnight and EURUSD too. Yesterday was a volatile day most particularly in the Indexes. As the weak retail sales number came out of the U.S yesterday I essentially threw a grid across EURUSD and scalped it for 1.14% gain. That on top of my Gold trades made for 3% yesterday.
EURUSD – We have now closed above 1.2790 on a daily basis. The clincher would be such a close on a weekly basis so two more days to go…Continue
Added by Gary on October 15, 2014 at 9:20pm — No Comments
October 15th 2014 So I’m all over Gold this morning and just closed nine open positions profitably. I’m also wondering about the potential correlation between USDRUB and EURCHF.
EURUSD – My outlook here remains largely unchanged. In the short term watch for a break below 1.26 for a continuation to multi-week lows at 1.2499. 1.2790 is last week’s high. My bias is to buy for a swing trade on a one hour close above that level.…Continue
Added by Gary on October 15, 2014 at 12:52pm — No Comments
Intraday outlook in EURUSD is neutral with possible risk to the upside at the moment , the pair is trapped within 1.2620/1.2665 levels . On the upside , break of 1.2665 on a 4 hour closing basis will pave the way towards the 1.2760 levels , a halt is likely , but a break would open 1.2830 next , further upside will aim the 1.2930 levels.
On the downside , a clear break below 1.2620 levels will turn outlook towards the 1.2500 levels , a halt is likely , but If 1.2500 fails , expect to…Continue
Added by Haitham653 on October 15, 2014 at 9:30am — No Comments
October 14th 2014. You may have noticed my recent interest in USDRUB. I am always looking for decent set-ups but this one seems to have wider implications. What will happen if a large Russian Corporate defaults on foreign currency debt because they not longer have enough Rubles? Given the latest exchange rate that is entirely possible. What will that do to the Dollar across the board, or Gold and the Swiss Franc for that matter? Food for…Continue
Added by Gary on October 14, 2014 at 12:50pm — No Comments
The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.
Usual Effect: A high reading or a better than expected number is seen as positive for the EUR, while a low reading is…Continue
Added by Haitham653 on October 14, 2014 at 11:37am — No Comments
EURUSD has been falling sharply for the last couple of months and forming an extended decline from 1.3700 which we think it represents wave 3) within a larger bearish trend. As such, current recovery from the lows is just another correction within ongoing weakness. We see it as a wave 4) of a higher degree that may stop around 1.2800-1.2900 area.
EURUSD Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 14, 2014 at 8:30am — No Comments
October 13th 2014 Gold has once again managed to find multi-year support at $1180 for two weeks in a row. Meantime EURUSD is finally putting in weekly higher highs and looking around at many markets it feels like the dollar will finally take that breather.
EURUSD – 1.2790 is last week’s high. My bias is to buy for a swing trade on a one hour close above that level. Conversely a close below 1.2499 would…Continue
Added by Gary on October 13, 2014 at 3:01pm — No Comments
Because of the lack of significant news last week , the EURUSD enjoyed the recovery , but recovery was limited as expected below the 1.2825 levels ,the most important , the pair ended the week below 1.2675 levels , this week has a lot of critical data which could be a clue about the next move , let’s take a quick look at the most important news which could effect the EURUSD :
Tuesday , Oct 14…Continue
Added by Haitham653 on October 13, 2014 at 10:43am — No Comments
Added by Gary on October 13, 2014 at 9:15am — No Comments
Intraday outlook in EURUSD remains neutral with risk to the upside , support comes at the 1.2675 levels , stability above this level on a 4 hour closing basis , could mean a return to the 1.2715/1.2765 levels , a clear break above this level would challenge main resistance at the 1.2822 levels , If this resistance is taken out , expect recovery to extend higher towards the 1.2895/1.2994 levels.
On the downside , support comes at the 1.2675 levels , a clear break below this level on…Continue
Added by Haitham653 on October 10, 2014 at 5:42am — No Comments
Added by Gary on October 9, 2014 at 8:49am — No Comments
The EURUSD pushed above 1.2700 after FOMC minutes release and is now trading at around 1.2730. Expecting the EURUSD to fall after rallying to around 1.278 completing the formation of a bearish Gartley harmonic pattern. The 1.278 price level represents a 1.41 extention of the XA leg and a 2.24 extention of the BC leg. 1.2785 is also the monthly pivot making it…Continue
Added by Luciano Kelly on October 9, 2014 at 8:36am — No Comments
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2674 holds on a 4 hour closing basis , a failure to hold above the 1.2674 levels on a 4 hour closing basis could mean a return to the 1.2589 levels where a cut will open 1.2540 levels ahead of the 1.2500 levels . we might see hesitation around this level , but further downside will pave the way towards the 1.2450 levels ahead of the 1.2390 levels..
On the upside , resistance comes at the 1.2674 levels , a clear…Continue
Added by Haitham653 on October 7, 2014 at 9:30am — No Comments