Haitham653's Blog – May 2013 Archive (21)

EURUSD – Intraday Strategy (31 May 2013)

Recommendations: Long positions above 1.2967 with 1.3030 & 1.3060 as next targets.



Alternative scenario:The downside breakout of 1.2967 will call for a slide to 1.2920/1.2860.



Description: The pair's already found support at 1.2967, as long as this level holds, look for further gains towards 1.3030/1.3060 levels, an hourly close below 1.2967 will reverse risks to the downside and call for a slide to 1.2920/1.2860…

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Added by Haitham653 on May 31, 2013 at 11:00am — 1 Comment

EURUSD - Bullish with risk towards 1.3225/1.3330 - Support at 1.2820 , Resistance at 1.3061

The EURUSD maintained a bullish momentum yesterday, topped at 1.3061 levels, now pressure will be on the key resistance 1.3061.The EURUSD will have to hold above the 1.3061 levels on a daily closing basis to push the market for further upside gains,If seen : the pair will target the 1.3135 levels where a breach will turn focus on the 1.3225 levels, break of 1.3225 will pave the way towards the 1.3330 levels. 

On the downside, support is at 1.2820, a failure to hold above the 1.3061…

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Added by Haitham653 on May 31, 2013 at 8:30am — 10 Comments

EURUSD – Intraday Strategy (27 May 2013)

Recommendations: SHORT positions below 1.2993 with 1.2900/820 as next targets.

Alternative scenario:The upside breakout of 1.2993 will call for a rebound to 1.3050/115.

Description: The pair trades below its resistance at 1.2993 level, as long as this level holds, look for further losses towards 1.2900/820 levels, an hourly close above 1.2993 will reverse risks to the upside and call for a…

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Added by Haitham653 on May 27, 2013 at 2:18pm — 1 Comment

EURUSD – bearish, losing 1.2820 will expose 1.2745 !

The EURUSD found support at 1.2820 last week, now the pair is testing the key resistance  1.3000, however; as long as 1.3000 holds on a daily closing basis, the pair is likely to remain under pressure with risk towards 1.2820 levels, a daily close below 1.2820 will expose 1.2745 and target 1.2660 levels, losing 1.2660 sooner or later will look for 1.2400 levels.

On the upside, a daily close above 1.3000 would delay the bearish move and open the way towards the main…

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Added by Haitham653 on May 27, 2013 at 11:47am — 1 Comment

EURUSD – Consolidates with downside bias !

The EURUSD halted its weakness 2 weeks ago at 1.2795 levels, but as long as the key resistance 1.3242 holds on a weekly closing basis, pressure will be on the key support 1.2745, a break will look for 1.2661 levels , losing 1.2661 on a weekly closing basis , is likely to bring a free fall towards 1.2000 levels.On the upside, the pair needs to overcome 1.3242 levels, If seen , the risk will be increased towards 1.3710 levels, however; as long as the key resistance 1.3242 holds, the pair…

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Added by Haitham653 on May 27, 2013 at 6:21am — 3 Comments

EURUSD -Under Pressure with Risk Towards 1.2400 levels , Resistance at 1.2998 !

The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.

Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…

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Added by Haitham653 on May 23, 2013 at 11:40am — No Comments

EURUSD Limited Recovery !

The EURUSD halted its weakness at the key support 1.2795, with the break of the key resistance 1.2890, the pair is likely to consolidate with bullish bias, next resistance is at 1.3030 where strong cap is suggested , so If 1.3030 holds, there’s a risk to back towards 1.2795 levels, losing this level on a daily closing basis would open the way towards 1.2625 levels first ,ahead of 1.2500 levels.

On the upside , a daily close above 1.3030 is likely to weaken to current bearish run but,…

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Added by Haitham653 on May 22, 2013 at 11:21am — 5 Comments

EURUSD - Intraday Strategy (20 May 2013)

Recommendations: SHORT positions below 1.2901 with 1.2795 & 1.2700 as next targets.

Alternative scenario:The upside breakout of 1.2901 will call for a rebound to 1.2945/1.3030.

Description: The pair's already found resistance at 1.2901 level, as long as this level holds, look for further losses towards 1.2795/1.2700 levels, an hourly close above 1.2901 will call for a…

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Added by Haitham653 on May 20, 2013 at 8:09pm — 3 Comments

EUR/USD - Weekly Strategy (20 -24 May 2013)

Recommendations: SHORT positions below 1.2890 with 1.2745 & 1.2625 as next targets.

Alternative scenario:The upside breakout of 1.2890 will call for a rebound to 1.3030/195.

Description: The EURUSD continued to maintaine its bearish momentum last week, now pressure will be on the key support 1.2745, a break below that level will open the way towards 1.2625 levels.On the…

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Added by Haitham653 on May 19, 2013 at 10:32pm — 2 Comments

EURUSD - Intraday Strategy (15 May 2013)

Recommendations : SHORT positions below 1.2956 with 1.2890 & 1.2850 as next targets.

Alternative scenario : The upside breakout of 1.2956 will call for a rebound to 1.3010/50.

Description : The pair maintained a bearish momentum yesterday,stability below 1.2956 levels will keep the pair under pressure with risk towards 1.2890/1.2850 levels, on the upside , an hourly close above 1.2956 will delay the bearish scenario and…

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Added by Haitham653 on May 15, 2013 at 5:30am — 5 Comments

EUR/USD - Weekly Strategy (13 -17 May 2013)

Recommendations: SHORT positions below 1.3194 with 1.2870 & 1.2780 as next targets.

Alternative scenario:The upside breakout of 1.3194 will call for a rebound to 1.3280/315.

Description: The EURUSD maintained a bearish momentum last week after losing the key support  1.3109, with the key resistance 1.3194 intact, the risk for more losses is likely towards 1.2860 where a…

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Added by Haitham653 on May 12, 2013 at 7:00pm — 4 Comments

GBPUSD - Consolidates below its resistance !!

The GBPUSD has been consolidating for almost 2 weeks below the key resistance 1.5630, note that as long as 1.5803/1.5630 levels hold on a daily closing basis , the risk to return to 1.4830 level will remain valid and strong ,a daily close below 1.5457 will pave the way towards 1.5284 levels, but in return, stability above 1.5803 on a daily closing basis is likely to have large bullish implication, If seen, sooner or later the pair would target 1.6300 levels...

Support levels : 1.5457,…

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Added by Haitham653 on May 9, 2013 at 7:00pm — 1 Comment

Trend Forecast

Hello everyone.

In this blog I'll be posting trend forecast for the most important currencies , hope it would help you filter your trades .

EURUSD

Monthly: Down

Weekly: Up

Daily: Up

4 H : Down

GBPUSD

Monthly: Up

Weekly: Down

Daily: Up

4 H : Down

USDJPY

Monthly: Up

Weekly: Up

Daily: Up

4 H :…

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Added by Haitham653 on May 9, 2013 at 6:30pm — 2 Comments

EURUSD - 4 Hour ; Inside Bar Pattern !

As shown on the 4 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3033, resistance at 1.3159,a four hour close above 1.3159 will advance the pair further higher towards 1.3285 and 1.3410 levels, while a four hour close below 1.3033 will open the way to 1.2910 and 1.2785 levels.

Recommendation 1 # : Buying the pair with a 4 hour closing above 1.3159 targeting 1.3285 and 1.3410 levels, stop loss below 1.3033 levels.

Recommendation 2 #…

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Added by Haitham653 on May 8, 2013 at 5:58am — 25 Comments

GBPUSD - 4 Hour ; Inside Bar Pattern !

As shown on the 4 hour chart posted below, the GBPUSD has formed a breakout pattern, support at 1.5476, resistance at 1.5600, a four hour close above 1.5600 will advance the pair further higher towards 1.5725 and 1.5850 levels, while a four hour close below 1.5476 will open the way to 1.4350 and 1.4225 levels.

Recommendation 1 # : Buying the pair with a 4 hour closing above 1.5600 targeting 1.5725 and 1.5850 levels , stop loss below 1.5476 levels.

Recommendation 2…

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Added by Haitham653 on May 8, 2013 at 1:00am — 14 Comments

Intraday Support & Resistance Levels for Week of (06 -10 May 2013)

1- Those are strong support and resistance levels during the suggested week.

2- Don't enter trades at these levels blindly!

3- Recommended time frame: Intraday time frame, 1 hour and below.

4- R means Resistance : If market reaches these…

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Added by Haitham653 on May 6, 2013 at 7:10pm — 10 Comments

EUR/USD - Weekly Strategy (06 -10 May 2013)

Recommendations: LONG positions above 1.2954 with 1.3130 & 1.3315 as next targets.

Alternative scenario:The downside breakout of 1.2954 will call for a slide to 1.2775/1.2600.

Description: With the key support 1.2954 intact, rebound from 1.2745 still in progress and may extend beyond 1.3242 levels, break of 1.3242 will target 1.3318 levels, a daily close above 1.3318…

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Added by Haitham653 on May 4, 2013 at 9:12am — 5 Comments

EURUSD - Intraday Strategy (02 May 2013)

Recommendations: LONG positions above 1.3147 with 1.3190 & 1.3240 as next targets.

Alternative scenario: The downside breakout of 1.3147 will call for a slide to 1.3115/1.3070.

Description: The pair finds support at 1.3147 level, above this level look for further upside gains towards 1.3190/1.3240 levels, an hourly close below 1.3147 will reverse risks to the downside and open the way towards…

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Added by Haitham653 on May 2, 2013 at 8:00am — 6 Comments

EURUSD - 1 Hour ; Inside Bar Pattern

As shown on the 1 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3167, resistance at 1.3224, an hourly close above 1.3224 will advance the pair further higher towards 1.3280/1.3335 levels, while an hourly close below 1.3167 will open the way to 1.3115/1.3060 levels.

Recommendation 1 # : Buying the pair with an hourly closing  above 1.3224 targeting 1.3280 and 1.3335 levels, stop loss below 1.3167 levels.

Recommendation 2 # : Selling…

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Added by Haitham653 on May 2, 2013 at 6:25am — 11 Comments

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