EURUSD & Silver Outlook 14 FEB 2012
EURUSD Daily Outlook 14 Feb 2012
According to the last 60 min close, sellers are trying to put a top at 1.3175 , yesterday buyers failed at 1.3230, so I guess a bullish correction towards 1.3175/1.3230 is suggested before heading towards 1.3050 after losing the level 1.3154
Remember to resume the upward trend , 1.3283 should be taken out?!!!
Trend Direction is Upward, the trend will remain valid as long as the daily close is above 1.3038, technical targets are around 1.3314 & 1.3395
Trading range: 1.3000: 1.3200
Support: 1.3150, 1.3100, 1.3040, 1.300
Resistance: 1.3192 1.3252, 1.3314, 1.3327
Recommendations: Upon the chart and the explanation posted above; my recommendation is selling the pair around 1.3180 targeting 1.3050 & 1.2970, stop loss at 1.3305
Silver Daily Outlook 14 Feb 2012
During yesterday, the pair was trading in narrow range , but we still have strong chance to break below 33.00 today , as long as the level 34.01 holds , on 60 min chart the bearish trend is getting stronger and stronger ?!!
Trend Direction is Upward (weak), the trend will remain valid as long as the daily close is above 32.80 technical targets are around 36.60 levels.
Trading range: 32..50: 34.00
Support: 33.40, 33.10, 32.80 , 32.40
Resistance: 33.93 ,34.40, 34.75, 35.35
Recommendations: Upon the chart and the explanation posted above; my recommendation is selling the pair around 33.70 targeting 33.10 & 32.50 , stop loss at 33.40.
Best Regards
Haitham653
Tuesday 14 Feb 2012 09:55 PM
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Comment by sowMa on February 14, 2012 at 10:29am -
thanks Haitham should i entry sell now? or should i wait till 252
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Comment by Haitham653 on February 14, 2012 at 10:31am -
Now is good ?!!
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Comment by Haitham653 on February 14, 2012 at 10:32am
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According to 30 min chart , sellers are trying to put a top around 1.3215
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Comment by sowMa on February 14, 2012 at 10:47am
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Haitham what does it mean. the pair may close around 215 30min chart ??
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Comment by Haitham653 on February 14, 2012 at 10:54am
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No, It means the high of today probably would be 1.3215 or around this level ?!!
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Comment by sowMa on February 14, 2012 at 11:12am
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thank you Haitham. Ihave sent message to you please reply thank you.
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Comment by Haitham653 on February 14, 2012 at 11:22am
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As shown on the hourly chart, the key was in losing 1.3180 then 1.3154 was the knockout?!!
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Comment by Haitham653 on February 14, 2012 at 12:23pm
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According to EMA 33 on daily chart, the area 1.3055 should be tested , then we need to evaluate pair's activities around this level ,pulling back from this level may lead for a bullish move towards 1.3300 levels ?!!
Losing 1.3055 may test 1.2930 ?!!!
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Comment by Haitham653 on February 14, 2012 at 12:53pm
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I guess we should test 1.3200 for the last time before the big drop ?!!
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Comment by Haitham653 on February 14, 2012 at 2:42pm
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According to 30 min chart, to keep the down move suggested for today valid , the level 1.3215 must hold, If this level is taken out , strong and volatile move may seen up and down between 1.3150/250 ?
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