Dear Traders, On this daily euraud chart we can see clearly that this pair is in an up trend. Starting at number one up to number seven we have consistent higher highs and higher lows...
Pre US Open, Daily Technical Analysis Friday, February 19, 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 1.1145. Pivot: 1.1145 Most Likely Scenario: short positions below 1...
Dear Traders, On this eurusd 4 hour chart you see higher highs and lows from number 1 to 6. The retracement to number 7 took out the swing low at number 5. Therefore I am inclined to start to only take bearish trades. If I am a bear then I want to trade only in direction of my bias...
Dear Traders, This is the follow up for you who took the 50% fib retracement of the bullish move The area of confluence was where you also had the upper resistance line acting as support now. I would recommend to place your stop loss at +10 or over your entry to protect yourself...
Pre US Open, Daily Technical Analysis Thursday, February 18, 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: 1.1185 Most Likely Scenario: short positions below 1...
Dear Traders, This is the follow up for you who took the 50% fib retracement of the bullish move The area of confluence was where you also had the upper resistance line acting as support now. I would recommend to place your stop loss at +10 or over your entry to protect yourself...
Gold move exactly according to our expectations and bounce from 1190-91.Our first target 1211-13 has been hit.I suggest you to close half position at current price and move stoploss to entry point and enjoy the risk free ride.We will come again tomorrow with the new trading idea...
Pre US Open, Daily Technical Analysis Wednesday, February 17, 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: 1.1185 Most Likely Scenario: short positions below 1...
There was USD Strength today against the CAD but prices still managed to close below the daily 8 ema amidst the price rejection from 1.37 in the European session. We still seem to be in a range at the moment between 1.397 and 1.375. A price closure above 1...
Gold move exactly according to our expectations and bounce from 1190-91.Our first target 1211-13 has been hit.I suggest you to close half position at current price and move stoploss to entry point and enjoy the risk free ride.We will come again tomorrow with the new trading idea...
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...
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...
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...
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...
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...
