All Blog Posts Tagged 'Trading' (958)

GBPUSD Technical Analysis on 23rd of April 2015

 

Added by Ash Noor on April 23, 2015 at 9:30pm — No Comments

EURGBP - Demand to expand this week. .7387/7412 targeted

A 2nd positive weekly performance in a row last week took the cross to the most positive levels traded for 4 weeks. Although the peak was produced in the middle of the week, the subsequent setback found buyers at the key 13 day moving average and the focus remains on the topside, especially with the daily Keltner channel clearly positive.

Scope exists to test an important .7387/.7412 area and the risk is .7219.…

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Added by Alan Collins on March 30, 2015 at 6:59am — No Comments

EURUSD - Key average platforms gains

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.

Only below 1.0868 negates this scenario.…

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Added by Alan Collins on March 24, 2015 at 6:56am — 1 Comment

EURGBP - Negative Keltner channel dominates

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…

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Added by Alan Collins on March 17, 2015 at 6:58am — No Comments

EURUSD - This week to continue Sell Rally scenario. 1.0410 targeted

Confirming the weakness of the rally from January’s low point, selling pressure deepened last week. A 3rd down week in a row took EURUSD to the lowest levels traded since 2003. Oversold extremes remain a concern but last week's price action saw profit taking remain temporary and limited. In addition the market continues to track the lower end of falling daily & weekly Keltner channels and so, allowing for a reaction to oversold extremes, we look for the downside to continue to develop …

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Added by Alan Collins on March 16, 2015 at 8:00am — No Comments

EURUSD - Hugging Negative channel targets 1.0735

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…

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Added by Alan Collins on March 10, 2015 at 6:55am — No Comments

EURUSD - Positive Divergnce gives upside scope

Wednesday’s decline extended yesterday. This move took EURUSD to new 12 year lows and maintained a hugging of the lower end of a falling Keltner channel.  However with intraday sentiment oversold, the lows were not held and, coupled with positive divergence in Momentum indicators, the immediate outlook is counter trend bullish with potential to 1.1051 and 1.1085.…

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Added by Alan Collins on March 6, 2015 at 6:58am — 1 Comment

USDCAD - Break of key average points lower.

Volatile trading in the European afternoon yesterday. An initial gradual improvement, building upon Tuesday’s downside rejection reversed. The subsequent decline of more than 1 big figure was aggressive and resulted in a 2nd down day in a row and a close below the 13 day average. Despite an Asian bounce, this leaves intraday signals for sentiment negative with scope to 1.2414 and 1.2385.…

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Added by Alan Collins on March 5, 2015 at 7:07am — No Comments

Eur/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell positions below 1.1270 with stoploss of 1.1350 and target upto 1.1100 in extension

Alternative Scenario: Nill

Technical Commentary: In Weekly chart Eur/Usd was broken last week low & weekly key support level now its…

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Added by CentreForex on February 28, 2015 at 10:08am — No Comments

Eur/Jpy : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell below 134.20 With tight Stoploss of 135.20  for the target of 133.00 & 132.00 levels.

Alternative Scenario: Nill

Technical Commentary: In daily chart :- Eur/jpy was broken the triangle pattern on lower trend…

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Added by CentreForex on February 28, 2015 at 7:30am — No Comments

Usd/Chf : 27/02/2015 Technical Analysis Report From CentreForex

Our Preference: Buy above 0.9480 with target of 0.9550 & 0.9600 in extension

Alternative Scenario: Nill

Technical Commentary: In daily chart,Usd/Chf was trading in the Equidistance channel lines and its broken key resistance levels and now…

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Added by CentreForex on February 28, 2015 at 7:16am — No Comments

Gbp/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Gbp/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell below1.5450 with target of 1.5360  in extension

Alternative Scenario: Nill

Technical Commentary: In daily chart :- Yesterday Gbp/Usd was broken lower trend line and also broken key support line So its confirming that for down :- We have shown in image.

In 4 hours chart & 1 hour chart Gbp/Usd was broken the equidistance channel lines on lower side…

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Added by CentreForex on February 28, 2015 at 7:11am — No Comments

Xau/Usd ( Gold ) : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Buy  positions Above 1203 with target of 1218 & 1226 in extension.

Alternative Scenario: Nill

Technical Commentary: In Weekly chart and Daily chart Gold was tested lower trend line and its bounced back from the lower trend line and closed above the lower trend line and its trading in the triangle pattern so we got a good support levels.

In 4 hours chart,Gold was trading in Equidistance channel lines and yesterday its broken…

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Added by CentreForex on February 28, 2015 at 6:58am — No Comments

EURGBP - Grind lower targets .7217/29

EURGBP was sold at lower levels for a 4th day in succession Thursday. This took EURGBP to new 7 year lows and to the bottom band of a falling Keltner channel. The scope of this week's moves – more than a big figure – means intraday signals are over-stretched but, currently, profit taking is likely to remain temporary and limited. So, coupled with bearish momentum and strength indicators we look for lower levels to continue to…

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Added by Alan Collins on February 27, 2015 at 7:02am — No Comments

USDCAD - Inverted Hammer targets 1.2361

Yesterday saw the negative sentiment highlighted by Tuesday’s Inverted Hammer extend. A 2nd down day in a row cemented prices beneath that 13 day moving average. The scope of the turn in USDCAD means sentiment is oversold but currently there is no sign of anything other than temporary intraday rallies with potential through 1.2402 to 1.2361 and 1.2328.…

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Added by Alan Collins on February 26, 2015 at 6:56am — No Comments

GBPUSD - Setbacks bought. Sentiment positive. Targets 1.5481/5519

Initial price action Monday continued the setback from last week's top. But this downside was, expectedly, temporary and found fresh demand near the key 13 day moving average. This resulted in strong buying that produced the highest closing level of the month. Asian trading has seen a modest reactive move but sentiment is positive with potential to 1.5481 and 1.5519.

The risk level is below 1.5398.…

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Added by Alan Collins on February 24, 2015 at 7:00am — No Comments

EURUSD - Back above key average - Further Upside Targeted

EURUSD continues to fluctuate around the 13 day average. Initial trading yesterday reversed Tuesday’s gains but in late price action the bulk of this downside was regained. Limited net movement means signals for sentiment cannot be strong but the downside rejection coupled with demand in Asia above the average means studies are positive with potential through 1.1449 to 1.1487.…

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Added by Alan Collins on February 19, 2015 at 6:58am — 1 Comment

EURGBP - Gradual decline to deepen towards .7342

Against a background of bearish signals for sentiment for this week, there was only minor movement yesterday. But price action remains close to the bottom of a declining Keltner channel and an early attempt to rally found sellers at lower levels. With no sign of an end to this gradual deterioration in sentiment, and a new 7 year low posted in Asia, further downside is anticipated towards the 2008 low at .7342.…

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Added by Alan Collins on February 17, 2015 at 6:58am — No Comments

GBPUSD - Buy Dip scenario still rules. 1.5560 targeted this week.

A trend of higher weekly CABLE lows which have been posted since January’s 18 month base at 1.4951 and a weekly close above the 13 day average rate kept last week’s signals pointing higher. These were confirmed as the sequence of higher weekly lows has been extended to 3 and with gains of almost 2 Big Figs. There is no sign that the demand to buy dips is ending so we continue to look to the topside with potential to 1.5560 or even 1.5621.…

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Added by Alan Collins on February 16, 2015 at 9:30am — No Comments

EURUSD - Buyers return - upside to extend

After 3 days of consolidation/limited net movement buying interest was attracted to EURUSD yesterday. This took prices to test the key 13 day moving average and although that point was not clearly breached, the underlying positive tone has been reinforced by Asian demand this morning with potential to retest this month's highs in the coming days.

Intraday targets are 1.1458 and 1.1487 with a risk of 1.1371.…

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Added by Alan Collins on February 13, 2015 at 7:02am — No Comments

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