All Blog Posts Tagged 'forex' (1,662)

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

Target Trading in the Forex upcoming week of February 22, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1377 in a range.  A couple of different scenarios:  1:  bullish: a move to the 0.618/R6 @ 1.1660 area before resumption down,  2: Bearish : A break down here or at the 1.2996 area would set up a nice move back to the bottom @ 1.1102. 3: a range trade is it goes sideways . The average daily true range (ATR) for the pair currently is 124 pips.

 …

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Added by Scott Barkley on February 21, 2015 at 3:39pm — 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

Target Trading in the Forex upcoming week of February 15, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1399 after breaking through the trend wall.  We are looking to continue now to the upside to the R5 @1.1650.  Watch for it to end there.  The average daily true range (ATR) for the pair currently is 125 pips.

 …

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Added by Scott Barkley on February 14, 2015 at 2:56pm — No Comments

Rules Based Forex Trading

A good forex trading system should have some basic rules for trade entries and money management. Simple rules like trading in the direction of the primary trend. Then there should be some additional rules if the trader wants a more strict system to reduce the number of trades taken. Check out this complete rules based system that has instructions any trader can follow and…

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Added by Mark Mc Donnell on February 14, 2015 at 3:46am — 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

EURGBP - Bullish Hammer pattern targets .7462

Against a background of negative signals for sentiment for this week, yesterday saw EURGBP continue to hug the lower end of a declining daily Keltner channel. But after posting a new 7 year low, profit taking, from oversold extremes, developed. That move is counter trend and must be treated with caution but the recovery of virtually the entire initial fall produced a Bullish Hammer targeting .7462 or even towards .7493.

Only below .7401 negates this bullish outlook.…

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Added by Alan Collins on February 12, 2015 at 7:01am — No Comments

GBPUSD - Tentatively Bullish targeting 1.5297

Against a background of positive signals for sentiment for this week, yesterday saw a return of buying interest. After 2 days of decline the trend defining 13 day moving average was untested and buyers emerged around the 1.5200 level. Monday’s net fall was regained but the highs were not maintained and Asia has attracted some further downside. Nonetheless, temporarily and cautiously, sentiment is assessed as positive and so our call is Cautiously Bullish while above 1.5197, yesterday's low.…

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Added by Alan Collins on February 11, 2015 at 6:30am — 1 Comment

EURGBP - Upside rejection to dominate this week's trading

Despite the previous week's 7 year low being unbroken . Initial profit taking stalled, and attracted fresh selling, at the key 13 day moving average – a level that has held for almost 2 months. Wednesday’s Marabuzo line, and the 13 day moving average, is now capping rallies and so although intraday price action is likely to remain volatile we look for rallies this week to be limited by .7521 with potential to .7377 and .7342.…

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Added by Alan Collins on February 9, 2015 at 8:11am — 2 Comments

Target Trading in the Forex upcoming week of February 8, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1320 after bouncing on the trend wall.  We are looking to finish the correction to 1.1660 and maybe a continued down move after the correction.  The average daily true range (ATR) for the pair currently is 167 pips.

 …

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Added by Scott Barkley on February 7, 2015 at 9:02pm — No Comments

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