The Gold was contained by the falling support of the downward channel, with the key support 1575 intact, rebound to the upside is strongly suggested, break of 1600 will confirm short term bottoming at 1555 and target the falling resistance line of the downward channel around 1650 levels.On the downside, sustained break below the key support 1575 may expose 1555 and pave the way to 1540/1500 levels.

The Silver was also contained by the falling support of the downward channel, with the…

Pivot: 32.67

Recommendation: Long positions above 32.90 with 33.44 & 33.84 as next targets.

Alternative scenario: The downside breakout of 32.67 will open the way to 32.33 & 32.02.

Comment:.The pair found support at 32.67. more gains on the horizon, losing 32.67 will reverse risk to the downside and might target 32.00 levels !!

Best…

EURUSD Daily Outlook 29 Feb 2012

The EURO continued its bullish move yesterday ,bottomed at 1.3365 broke above 1.3465 after testing 1.3390 couple of times as expected before..

According to daily, yesterday we had a clear break above 1.3377 ( high &…

Hello everyone and sorry for not posting today, don't have time at all...

This is the last week of the month, according to big time frames weekly and monthly,  massive bearish move is expected to happen this week ?!!

EUR/USD ,Silver & Gold on 60 min chart, strong bearish breakout has been completed , only we need a break below the support level to confirm the breakout....

Anyway stability above the support level will lead for strong bullish move…

EURUSD Daily Outlook 24 Feb 2012

Hello everyone

As expected yesterday,stability above 1.3230 led for a long bullish candle over 100 pips , the most important thing happened yesterday was; breaking of the potential top - resistance - 1.3292 according to RSI…

EURUSD Daily Outlook 23 Feb 2012

Hello everyone

Today I’m gonna show you some of swing techniques on daily chart!

If you look to the daily chart above, you’ll notice that the pair failed in finding resistance around 1.2975 last month, later the…

EURUSD Daily Outlook 22 Feb 2012

As shown on the 4 hour chart above , the pair found resistance at 1.3292, a test to 1.3260 is suggested before the next fall,today we may go down towards 1.3180/100, another 4 hour close below 1.3120 is going to take us towards…

EURUSD Daily Outlook 21 Feb 2012

As said yesterday, the level 1.3235 is very important , to prove my theory the pair closed yesterday below 1.3235 and added strong bearish momentum to the pair, on 4 hour we are trading below the broken sloping support line,…

EURUSD Daily Outlook 17 Feb 2012

Hello everyone

As shown on the daily chart above , the pair was unable to close below 1.3044, on the contrary, it moved up and closed above EMA 50 1.3100, today we need to watch the daily close , If we have a close…

EURUSD Daily Outlook 16 Feb 2012

Hello everyone..

As shown on the daily chart above, the pair is under negative pressure but there's lots of facts that need to be discussed ?!!

1- Williams on daily suggests a possible pullback ( bottoming ) around…

EURUSD Daily Outlook 15 Feb 2012

According to the 4 hour chart, the pair bottomed yesterday at 1.3080 , last week bottomed at 1.3027, this week on inraday time frames the pair topped at 1.3283 and at 1.3215 ..

The bearish scenario happened yesterday…

EURUSD Daily Outlook 14 Feb 2012

According to the last 60 min close, sellers are trying to put a top at 1.3175 , yesterday buyers failed at 1.3230, so I guess a bullish correction towards 1.3175/1.3230 is suggested before heading towards 1.3050 after losing…

EUR/USD Weekly Outlook 13 -17 Feb 2012

Hello everyone

As…

(EUR/USD Daily Outlook 10 Feb 2012)

Hello everyone..

The most important event happened yesterday , was breaking of 1.3252 -EMA100- on daily chart,according to daily chart the pair is supposed to…

(EUR/USD Daily Outlook 08 Feb 2012)

Hello everyone..

As expected in previous reports, the pair managed to break above 1.3200 levels yesterday, since we have strong bullish momentum on daily and weekly.

If you check the four hour chart, we have a…

EUR/USD Weekly Outlook (06 - 10 Feb 2012)

Upward Move May Resume Soon

According to EMA 50 of the weekly chart posted above, the EURO completed its first wave at Fib 161.8 – 1.2690 –…

EUR/USD Daily Outlook  03 FEB 2012

The EURO opened this week at 1.3204 , then declined strongly during the week and tested EMA 50 on daily around 1.3050, this level was rejected strongly and the pair most of times was…

EUR/USD Daily Outlook  02 FEB 2012

The EURO pulled back from 1.3060 levels towards 1.3200 levels after breaking of 1.3115 as suggested in yesterday’s report, it was unable to make any move below  the main support on…

EUR/USD Daily Outlook  01 FEB 2012

The EURO depreciated strongly yesterday closed below 1.3115 at 1.3070 but tested 1.3040 , the pair is trading now in critical area ; around EMA 200 on 1 hour 1.3055, EMA 50 on 4 hour 1.3058 and EMA 50…

EUR/USD Daily Outlook 31 JAN 2012

The EURO declined yesterday as mentioned in the weekly report, and tested the area around 1.3080, but it pulled back again and attacked 1.3200 level last night..

As said yesterday,…