All Blog Posts Tagged 'forex' (1,574)

Forex & Futures Outlook

Added by 50Pips on July 21, 2014 at 8:20am — No Comments

Target Trading in the Forex upcoming week of July20, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3525 IF we can take out the former support @ 1.3491.  We are looking for breakdown to the support at 1.3385. The average daily true range (ATR) for the pair currently is 39 pips.…

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Added by Scott Barkley on July 19, 2014 at 3:25pm — No Comments

$NZDUSD - continuation?

Currently we are at 0.8667.We are looking for a continuation to the S4/.500 fibo area @ 0.8604AFTER the break of the descending wedge.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on July 18, 2014 at 2:10pm — No Comments

USDCHF - Key Marabuzo line platforms gains -.9015 targeted

The significant of the Marabuzo line formed July 3rd was emphasised yesterday. Confirming our weekly call, that point was rejected for a 5th day in a row. This time this led to aggressive buying of USDCHF and a close above the 200 day moving average. Continued in Asia, modestly, intraday signals for sentiment are overbought and there is growing potential for profit taking but with the underlying tone assessed as positive with potential to .8998 and…

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Added by Alan Collins on July 16, 2014 at 6:15am — No Comments

Target Trading in the Forex upcoming week of July13, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3609 and view this  as a corrective wave.  We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.…

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Added by Scott Barkley on July 12, 2014 at 3:02pm — No Comments

June 26 Usd/Jpy Pattern

This pair looks interesting. Potential Reversal Zone (PRZ), red circle. Update today July 8, 2014.

This patterns works good after all.…

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Added by Octavio Dolores on July 8, 2014 at 3:33pm — No Comments

EURUSD - Turn in sentiment targets 1.3477 this week

A sequence of 2 up weeks ended last week despite initial upside reaching the most positive levels for 6 weeks. This was achieved at the beginning of the week but prices were unable to be sustained above the 200 day moving average and 4 consecutive daily losses were posted into Friday’s close. With the 13 day moving average breached and medium-term signals turning increasingly negative we look for the downside to deepen further. 

Potential exists to 1.3477 and even towards  1.3369, a…

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Added by Alan Collins on July 7, 2014 at 6:51am — No Comments

Target Trading in the Forex upcoming week of July6, 2014

This is early due to the USA holiday weekend

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3589 after a breakout down of the corrective wave.  We are looking for continuation to the heart line of the current trend around 1.3450 and then maybe 1.3387.  The average daily true range (ATR) for the pair currently is 43 pips.

 …

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Added by Scott Barkley on July 4, 2014 at 2:04pm — No Comments

USDCHF - Capped by key Average - losses to deepen

A 2nd down week in succession was posted last week but the real story was the weakness of rally attempts. The topside was easily capped by the 13/200 day moving average with the week finishing with increased selling pressure that took USDCHF to the most negative levels traded for 6 weeks.

In addition, strength indicators (RSI) are negative and so we look for this gradual deterioration to deepen in the coming days with potential to .8862, .8825 or even .8776.…

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Added by Alan Collins on June 30, 2014 at 6:56am — No Comments

Target Trading in the Forex upcoming week of June 29, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3695 after a breakout down.  We are looking for continuation to the heart line of the current trend around 1.3475 and then 1.3387.  There is a big target at 1.3175.  The average daily true range (ATR) for the pair currently is 48 pips.…

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Added by Scott Barkley on June 29, 2014 at 11:42pm — No Comments

$GBPCHF- complete correction?

Currently we are at 1.5192. We are looking for a continuation down to support/0.500 Fibo @ 1.5136 to complete the correction.  Watch for a bounce there.  The average daily true range (ATR) for the pair currently is 70 pips.…

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Added by Scott Barkley on June 27, 2014 at 1:08pm — No Comments

EURUSD- Average platforms gains towards 1.3694

The consolidation above the 13 day moving average turned to more significant buying interest yesterday as the average platformed gains. 2 week highs were posted and although almost half of that upside was reversed into the close, the move leaves intraday sentiment more positive. With this underlying tone, but with caution,there is scope for the market to focus on 1.3670 and 1.3694.…

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Added by Alan Collins on June 26, 2014 at 6:28am — No Comments

EURCAD Still Looking Weak

We've been talking about EURCAD since the bearish pin bar on June 18th. The market broke through the 1.467 support level last week and continues to look weak.

Not much to report today, although the market was able to make up for a lot of lost ground before the close. I wouldn't be surprised to see a retrace to the 1.467 area before a possible continuation to the 1.444 support level.…

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Added by Justin Bennett on June 24, 2014 at 1:18am — No Comments

GBPUSD: Keltner Channels Guide Prices Higher

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…

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Added by Alan Collins on June 23, 2014 at 7:51am — No Comments

Target Trading in the Forex upcoming week of June 22, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3598 after a breakout down.  A couple of different scenarios:  1:  bullish: a corrective move to the chart trend line @ 1.3726 area) and then look to the S6 @ 1.3387.  2: Bearish : A break down here to the S6 @ 1.3387 with a further target @ 1.3225. The average daily true range (ATR) for the pair currently is 60 pips.

 …

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Added by Scott Barkley on June 21, 2014 at 4:05pm — No Comments

Target Trading in the Forex upcoming week of June 15, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3539 after a breakout down.  Looking for another push down to the S6 @1.3387.  Be prepared for the corrective move back north though.  The average daily true range (ATR) for the pair currently is 56 pips.…

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Added by Scott Barkley on June 14, 2014 at 4:02pm — No Comments

$EURNZD- Flag Break?

Currently we are at 1.5655.We are looking for a continuation to the support area @ 1.5527 AFTER the break of the bear flag.  The average daily true range (ATR) for the pair currently is 89 pips.…

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Added by Scott Barkley on June 13, 2014 at 1:32pm — No Comments

EURUSD OUTLOOK 11/06/2014

The pair enter into a new range of 100 pips i.e 1.3500 on the lower side and 1.3600 on the up side. Our sentiment indicator is up which suggest buy at current level with stop loss of 1.3480 for the tgt of 100 pips. One more theory support this buy call which is divergence theory in RSI which also…

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Added by Hemander Jain on June 11, 2014 at 6:40am — No Comments

EURUSD - Ripe for a Bounce?

Last week saw an aggressive rejection of 4 month lows after the market corrected 38% of the 2013-14 gains.

That renewal of demand is, in our assessment the key background element to EURUSD despite the last 3 trading days all producing losses and the 13 day moving average continuing to cap.

In addition, bullish divergence in 3cA studies also suggests the likelihood of a rally from close to current levels. with potential to 1.3578 and 1.3603/13.…

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Added by Alan Collins on June 11, 2014 at 6:11am — 1 Comment

USDCAD - Sentiment turns North this week

The gradual decline from April’s top stalled, and reversed last week. These gains, although dominated by Monday’s turnaround in investor sentiment, regained more than 3 weeks of downside, traded and sustained levels above the 13 day avg and took USDCAD to the top of an increasingly positive Keltner channel.

A note of caution is introduced by the last 2 days stalling but signals for sentiment are assessed as positive with potential towards 1.1022 and 1.1054.…

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Added by Alan Collins on June 9, 2014 at 6:31am — No Comments

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