Haitham653's Blog – January 2013 Archive (31)

EURUSD - Inside Bar Pattern !!

As shown on the 1 hour chart below, we have inside bar pattern , support at 1.3558, resistance at 1.3587, sideways move is suggested between these levels before the breakout!!

Recommendation # 1: LONG EURUSD with an hourly closing above 1.3587 targeting 1..3617 & 1.3647 levels, stop loss at 1.3548..

Recommendation # 2: SHORT EURUSD with an hourly closing below 1.3558 targeting 1.3528 & 1.3498 levels,  stop loss at 1.3597..…

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Added by Haitham653 on January 30, 2013 at 11:00pm — 25 Comments

USDCHF - Intraday Strategy (30 Jan 2013)

Pivot: 0.9227

Recommendation: SHORT positions below 0.9227 with 0.9170 & 0.9140 as next targets.

Alternative scenario: The upside breakout of 0.9227 will open the way to 0.9250/80 levels.

Comment:As long as 0.9227 holds the pair remains under pressure with further risk to the downside , break of  0.9227 will reverse risks to the upside and target  0.9250/80 levels.…

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Added by Haitham653 on January 30, 2013 at 10:00am — 4 Comments

EURUSD - Intraday Strategy (30 Jan 2013)

Pivot: 1.3414

Recommendation: LONG positions above 1.3457 with 1.3520 & 1.3590 as next targets.

Alternative scenario: The downside breakout of 1.3414 will open the way to 1.3350/1.3260.

Comment: The pair found bid yesterday at 1.3414, this scenario is supposed to push the pair further higher towards 1.3600 levels, If you wanna long above 1.3457, make sure to exit with 15 min close below this level, If…

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Added by Haitham653 on January 30, 2013 at 7:00am — 7 Comments

GBPUSD - Intraday Strategy (29 Jan 2013)

Pivot: 1.5725

Recommendation: SHORT positions below 1.5725 with 1.5675 & 1.5640 as next targets.

Alternative scenario: The upside breakout of 1.5725 will call for a rebound to 1.5825.

Comment:As long as 1.5725 holds the pair remains under pressure with further risk to the downside , an hourly close above 1.5725 will reverse risks to the upside and target 1.5770/1.5825 levels. …

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Added by Haitham653 on January 29, 2013 at 10:13am — 3 Comments

GBPUSD - LT Strategy (29 Jan 2013)

Pivot: 1.6178

Recommendation: SHORT positions around 1.5900 with 1.5500 & 1.5300 as next targets.

Alternative scenario: The upside breakout of 1.6178 will call for a rebound to 1.6380/720.

Description :Bearish momentum breakout has been completed on the weekly chart at 1.5843, more losses are suggested as long as the pair trades below 1.6178 on a weekly closing basis, only a weekly close  above this…

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Added by Haitham653 on January 29, 2013 at 3:00am — 1 Comment

EURUSD - Intraday Strategy (28 Jan 2013)

Pivot: 1.3424

Recommendation: LONG positions above 1.3424 with 1.3485 & 1.3520 as next targets.

Alternative scenario: The downside breakout of 1.3424 will open the way to 1.3380/1.3350.

Comment: The pair's already found support at 1.3424, above this level will push the pair higher towards 1.3500 levels, below this level will reverse risks to the downside to 1.3380/1.3350.…

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Added by Haitham653 on January 28, 2013 at 10:04am — 23 Comments

GBPUSD- Bulls are coming soon !!

Hello everyone!

If you read my last blog about the GBPUSD , GBPUSD - MT Strategy (16 Jan 2013) , I said downside is supposed to be contained above 1.5730, the 200% extension of the bearish breakout on daily (1.6058/1.6381), last week, the pair almost reached that level , just 10 pips away, If we check the daily , according to %(R) indicator, downside is supposed to be contained above…

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Added by Haitham653 on January 27, 2013 at 5:52pm — 3 Comments

GBPJPY - Weekly Strategy (28 Jan - 01 Feb 2013)

Pivot: 142.62

Recommendation: LONG positions above 142.62 with 143.50 & 144.80 as next targets.

Alternative scenario: The downside breakout of 142.62 will open the way to 141.37/139.25.

Comment: As long as the key support 142.62 holds, more gains to 143.50/144.80 levels are suggested, break of the key resistance 144.80 will advance the pair to 148.23 levels,while break of the key support 142.62 will call…

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Added by Haitham653 on January 27, 2013 at 12:00pm — 1 Comment

EURUSD - Weekly Strategy (28 Jan - 01 Feb 2013)

Pivot: 1.3350

Recommendation: LONG positions above 1.3350 with 1.3520 & 1.3590 as next targets.

Alternative scenario: The downside breakout of 1.3350 will call for a rebound to 1.3265.

Comment: The pair finally broke out of recent range and jumped to 1.3478 last week,initial bias remains on the upside this week, break of 1.3520 will advance the pair to 1.3595 levels,On the downside, break of…

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Added by Haitham653 on January 26, 2013 at 3:30pm — 29 Comments

EURUSD - MT Strategy (25 Jan 2013)

Pivot: 1.3350

Recommendation: LONG positions above 1.3350 with 1.3500 & 1.3590 as next targets.

Alternative scenario: The downside breakout of 1.3350 will call for a rebound to1.3250/140.

Comment: As long as the pair trades above 1.3350, more gains are suggested to 1.3500/1.3590 levels, a breach below 1.3350 will delay the bullish move and open the way to 1.3250/1.3140 levels, you can wait for a pull…

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Added by Haitham653 on January 25, 2013 at 2:00pm — 14 Comments

3 Facts may dip the EURO to 1.16 by the end of 2013 !

1- Germany may isolate itself  "economically" from the EU, If seen, It won't pay a single EURO for any country !!!



2- U.K is the hidden player behind the last rise that resumed last Nov (1.2661), it may stop supporting the euro during the coming weeks or months..



3- Will US economy grow in…

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Added by Haitham653 on January 24, 2013 at 8:00am — 23 Comments

EURUSD - Intraday Strategy (24 Jan 2013)

Pivot: 1.3354

Recommendation: SHORT positions below 1.3354 with 1.3280 & 1.3250 as next targets.

Alternative scenario: The upside breakout of 1.3354 will open the way to 1.3400/1.3450.

Comment: The pair was capped yesterday by the upper trend line of the downward channel , and the bearish divergence , more loses to 1.3250 levels are suggested, above 1.3354 will reverse risks to the upside to 1.3400/450…

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Added by Haitham653 on January 24, 2013 at 6:35am — 17 Comments

Thoughts and ideas for today (23 Jan 2013)

As you see in the chart below, the pair is trapped in tight narrow range, the key support level is 1.3298/1.3310 the key resistance level is 1.3351/1.3371...

You may buy above 1.3310 with stop below 1.3298, target between 1.3351/71 levels, on the breakout of 1.3371, you may also long the pair with stop below 1.3350 and target at 1.3400/1.3450/1.3500...

You may also sell below / around 1.3351, stop above 1.3371, target around 1.3310/1.3298 levels on the breakout of 1.3298 you…

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Added by Haitham653 on January 23, 2013 at 5:50am — 15 Comments

EURUSD - Daily Chart; Under Pressure !!!

According to the daily chart; EURUSD is bullish but under strong negative pressure as long as trades below 1.3398, EURUSD will have to hold above 1.3398 - 18 Jan 2013 high - on a daily closing basis , If seen this scenario could push the market further higher towards the 1.3485/1.3590 levels.

Alternatively, a failure to hold above 1.3398 on a daily closing basis , could mean a return to the 1.3139/1.3189  levels.However; a daily close below 1.3279 will test 1.3189/1.3139…

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Added by Haitham653 on January 22, 2013 at 5:30pm — 3 Comments

EURUSD - Intraday Strategy (22 Jan 2013)

Pivot: 1.3332

Recommendation: LONG positions above 1.3332 with 1.3365 & 1.3390 as next targets.

Alternative scenario: The downside breakout of 1.3332 will open the way to 1.3279/1.3247.

Comment: The pair's already broken above the key resistance 1.3332, above this levels will push the pair higher towards 1.3365/90 levels, even may break above 1.3404, below 1.3332 will call for a rebound to 1.3279/1.3247…

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Added by Haitham653 on January 22, 2013 at 5:35am — 33 Comments

EURUSD- Weekly Chart;Further Upside Risks to 1.3485-1.3835 !

The EURUSD maintained a bullish momentum the past few weeks, pressure will be on the key resistance 1.3485 ,EURUSD will have to hold above 1.2997 on a weekly closing basis to push the market for further upside gains, if seen this scenario could push the market further higher towards the1.3485 levels, where a breach will turn focus on the1.3835 levels.

Alternatively,If 1.2997 fails on a weekly closing basis, expect EURUSD to weaken further towards the1.2661 levels.However; keep…

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Added by Haitham653 on January 20, 2013 at 7:00am — 3 Comments

EURUSD - Weekly Strategy (21-25 Jan 2013)

Pivot: 1.3278

Recommendation: LONG positions above 1.3278 with 1.3450 & 1.3590 as next targets.

Alternative scenario: The downside breakout of 1.3278 will open the way to 1.3189/1.2997.

Comment:  On the daily chart,as long as the pair trades above 1.3278, more gains are suggested to 1.3450/1.3590 levels, a daily close below 1.3278 will call for a rebound to 1.3189/1.3139 levels,but downside -If seen…

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Added by Haitham653 on January 19, 2013 at 9:45am — 11 Comments

EURUSD - Intraday Strategy (18 Jan 2013)

Pivot: 1.3404

Recommendation: SHORT positions below 1.3404 with 1.3335 & 1.3270 as next targets.

Alternative scenario: The upside breakout of 1.3404 will open the way to 1.3450/1.3485.

Comment: As long as the pair trades below 1.3404, eyes on 1.3270, above 1.3404 will resume the whole rally to 1.3450/1.3485 levels, simply you can short at 1.3390 with stop at 1.3410, and put pending order buy stop at…

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Added by Haitham653 on January 18, 2013 at 5:00am — 20 Comments

EURUSD - MT Strategy (17 Jan 2013)

Pivot: 1.2997

Recommendation: LONG positions above 1.3139 with 1.3450 & 1.3590 as next targets.

Alternative scenario: The downside breakout of 1.2997 will open the way to 1.2810/1.2700.

Comment: As long as the pair trades above 1.2997, more gains are suggested to 1.3450/1.3590 levels, a daily close below 1.3279 will delay the bullish move but any downside move below 1.3279 is supposed to be contained well…

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Added by Haitham653 on January 17, 2013 at 5:10am — No Comments

Dollar Index MT Strategy (17 Jan 2013)

Pivot: 80.75

Recommendation: SHORT positions below 80.75 with 79.00 & 78.40 as next targets.

Alternative scenario: The upside breakout of 80.75 will call for a rebound to 81.75/82.25.

Comment:Bearish momentum breakout has been completed on the daily chart at 79.70, more losses are suggested to 79.00/ 78.40 levels as long as the pair trades below 80.75 -10 Jan 2013 high, only a daily close  above this…

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Added by Haitham653 on January 17, 2013 at 4:24am — No Comments

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