f this area keeps gains in check, price could head back to the previous lows at 111.00 or perhaps much lower. A higher pullback to the 61.8% Fib at 115.50 could still be possible but this might be the line in the sand when it comes to a correction...
Pre European Open, Daily Technical Analysis February 16, 2016 GBP/USD Intraday: under pressure. Pivot: 1.4485 Most Likely Scenario: short positions below 1.4485 with targets @ 1.4380 & 1.4350 in extension. Alternative scenario: above 1.4485 look for further upside with 1.4535 & 1...
EURJPY has been trending lower on its longer-term time frames but the opportunity for a countertrend setup is emerging. Price is currently testing the bottom of its descending channel visible on the 4-hour and daily charts and might be due for a bounce. If support at the 127...
Pre US Open, Daily Technical Analysis Monday, February 15, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the downside prevails. Pivot: 1.1260 Most Likely Scenario: short positions below 1...
strategy based on important points on the daily chart of various pairs and always set stoploss. The trades do not happen every day, I hope the correct strategy formation. The trades are negotiated manually and also algorithms to maximize the gains. Be patient because the profits will come...
In the USDCAD today priced moved higher up to the 1.40 psych/ 21 EMA level but still managed to close below the 1.397 resistance. Further retest of this level could be a good place to rejoin the short term downtrend...
Pre European Open, Daily Technical Analysis Friday, February 12, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the bias remains bullish. Pivot: 1...
Market volatility can be a trader’s best friend or worst enemy, depending on a few key factors. One of those factors is identifying and properly trading obvious technical patterns. GBPAUD is forming such a pattern on both a daily basis as well as an intraday basis...
Good Evening Forex Friends Pricing is moving down towards our buying area.We will look for buy entry once we price reach out but limit.I mention support area in the chart.Please follow the chart below for trade setup...
Pre US Open, Daily Technical Analysis Thursday, February 11, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Prev Next Pivot: 1...
Dear all, You may see that price retraced to the previous levelof resistance which is now support. So far it seems that the level 1.09700 is being tested several times...
Pre European Open, Daily Technical Analysis Thursday, February 11, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: key resistance at 1.1340. Pivot: 1...
MIDAS gave two #signals. #DAX moved up sharply at 8:00 at the start of the main session. The move continued for 2 hrs, after which market went sideways until FED Chair Ms Yellen started speaking to the US Congress...
GBPUSD has sold off recently but is still gradually trading higher on the 1-hour time frame. A rising channel can be seen connecting the latest lows and highs of price action. Price is currently testing the channel support and might be due for a bounce back to the top...
10 Feb, 2016 DAX Trade #1 Short trade opened @ 9051 was covered @ 9041 protecting 10 point profit just ahead of FED Chair Yellen started her testimony to the US Congress. It proved a good decision as market went high of 9125 before falling back during the testimony...
Pre European Open, Daily Technical Analysis Wednesday, February 10, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the bias remains bullish. Pivot: 1...
Tokyo’s Nikkei stock index suffered the biggest fall since June 2013, as the stronger yen hurts Japanese automakers such as Toyota, Nissan and Mazda. The Japanese Yen itself rose to the its highest level against the dollar since November 2014...
USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900 pips or the same height as the chart formation...
Pre US Open, Daily Technical Analysis Tuesday, February 09, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: further advance. Pivot: 1.1150 Most Likely Scenario: long positions above 1...
What a sell off today on the USDCAD, as we mentioned yesterday the short term support of 1.41 off the 21 ema was all it took for the london open to start the rally combined with a surge of oil prices staying above 30...
