- USD/JPY Weekly Outlook and Trading Idea
December 09 2012 6:14 PM
USD/JPY is practially unchanged from a week ago. This market has spent almost two weeks now in small sideways consolidation between 81.70 and 82.80. And the question is which way this consolidation is going to break out. Based on current strong uptrend on the daily chart and wave count presented above, I expect to see an upside breakout. A solid move abv 82.80 will confirm this view and should lead to a test on the key 83.80/84.14 area.
- AUD/USD Analysis | Aussie - US Dollar Rates | AUD to USD -ForexAbode.com
December 06 2012 8:15 AM
A buy position at 1.0480 with a stop-loss at 1.0460 (-20 pips) and take-profit target first at 1.0505 (+25 pips) and then 1.0520 (+40 pips). Please note that 1.0500 psychological level may cause some resistance and hence a very minimum risk (stop-loss) is advised.
- Phony Global Recovery is an Illusion
December 04 2012 9:13 AM
Many investors still hope that the global economy will experience a significant rebound in 2013. I guess it is human nature to assume the optimistic position that our economic fate will turn to the upside with each new calendar.
- 12/03/2012 – GBP/USD Maintains Bullish Stance
December 03 2012 12:47 PM
GBP/USD (daily chart) has continued to maintain its bullish stance by making a significant advance after having had daily closes above the important 1.6000 level for the entire past week. This substantial move to the upside occurs after price broke out above several resistance levels, including the 1.6000 level, the 50-day moving average, and an important downtrend resistance line extending back to the September 1.6300 area high. This all occurs within the context of a well-established uptrend extending back to the June 1.5265 area low. With potential nearby resistance residing around the key 1.6150 level, any further upside momentum that breaks out above that level could move towards yet another re-test of the 1.6300 resistance region, first established in April and re-tested for the first time in September. To the downside, the key 1.6000 level continues to serve as potential support within the context of the longer-term bullish trend.
- EUR/USD Weekly Outlook and Trading Idea
December 03 2012 4:55 AM
EUR has continued its rally since our previous update. But it seems EUR has difficulties to sustain its gains abv the 1.2995 level and the risk remains for a retreat twd 1.2870 level (last week's low was 1.2880, just 10 points above this important Fibonacci level). The key on the downside remains the 1.2670 level and as long as it holds, the bullish view is intact. On the upside, we need firm and sustained move abv 1.2995 (let's say a move above 1.3050 will mean just that) to confirm gains twd 1.3195 and then to 1.3520 are likely under way....
- GBP/USD Weekly Outlook and Trading Idea
December 03 2012 4:52 AM
GBP remains well bid but the upside potential is considered small here. I do not expect a significant move above 1.63 level. So, if one wants to trade against USD, I think a better opportunity can be found in EUR/USD market.
- USD/JPY Weekly Outlook and Trading Idea
December 03 2012 4:49 AM
USD has continued higher since our previous update and the daily chart looks more and more positive. The key question now is if USD will manage to break abv the 83.80/84.16 level. Such a break will confirm a larger-degree breakout and will strongly re-inforce the bullish case here. Until we see such a break, there is still a lot of uncertainty if this move up is going to fail, similarly to the move up in April this year.
- EUR/USD Technical Outlook @ ForexAbode Analysis
December 03 2012 3:17 AM
ADX: EUR/USD daily +DI remains above -DI line. The gap had narrowed down a bit but widened slightly again. ADX is well below 25 but rising (approx. 18.50).
- Euro - US-Dollar: EUR/USD Forecast | EUR/USD Weekly Outlook @ Forex Abode
December 03 2012 3:14 AM
Euro-US Dollar (EUR/USD) lost some momentum but has been still inching upward. The currency pair has been mainly staying over 5-day EMA. The sharp downward spike on November 29th found support near 22-day EMA (1.2880). The pair went as high as 1.3027 before closing for the week at 1.2985.
- Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/30
November 30 2012 10:07 AM
Swiss gave up some of its ground to briefly trade below 0.9250 but then went back above 0.9250 again. Dollar-Index (80.14) has also held its support near 80.10-00 as expected and is likely to trade in the 80.30-00 range for today. Euro (1.3005) gave a good rise 1.3010 through the day but we can conclude that the resistance at 1.3010 is broken only after it closes above the same. Coming to Swiss no doubt the trend remains bearish and a break of 0.9250 will take it further lower towards 0.9210-180 in the coming sessions.
- EUR/USD Daily Free Signals by AutotradingFX 10/30
November 30 2012 4:12 AM
Buy @: 1.3018 TP Buy @: 1.3052 SL Buy @: 1.2968
- GBP/USD Daily Free Signals by AutotradingFX 11/30
November 30 2012 4:08 AM
Buy @: 1.6047 TP Buy @: 1.6074 SL Buy @: 1.5997
- GBP/USD Daily Free Signals by AutotradingFX 11/29
November 29 2012 3:40 AM
Buy @: 1.6024 TP Buy @: 1.6037 SL Buy @: 1.5974
- EUR/USD Daily Free Signals by AutotradingFX 11/29
November 29 2012 3:36 AM
Buy @: 1.2964 TP Buy @: 1.2977 SL Buy @: 1.2914
- Forex Signals – EURUSD Bear Pressure Cooker
November 28 2012 10:19 AM
Recap: Our swing short performed perfectly as the support break preceded the drop. Our short from 2967 is currently 51 pips in the profit and we are going to close out here and wait to re-enter.
- Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/28
November 28 2012 9:18 AM
The pair seems to be trading in the 0.9325-00 range since yesterday. The bigger trend remains bearish but the immediately it can move further towards 0.9350-400 before it starts moving lower again. Immediate dips are expected to find support near 0.9300 which now hold the key for the pair to move up from here, if 0.9300 is broken then bears will again gain control of the situation. Dollar-Index (80.38) is also lifelessly trading in the 80.47-30 range from yesterday it can rise to 80.55-60 which is likely to further weaken the Euro. Euro (1.2922) is also trading flat in its 1.2950-00 and a break below 1.2900-890 can make it bearish for a further fall to 1.2870-40-20.
- EUR/USD Daily Free Signals by AutotradingFX 11/28
November 28 2012 3:44 AM
Sell @: 1.2915 TP Sell @: 1.2865 SL Sell @: 1.2965
- GBP/USD Daily Free Signals by AutotradingFX 11/28
November 28 2012 3:40 AM
Sell @: 1.6016 TP Sell @: 1.6006 SL Sell @: 1.6066
- Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/27
November 27 2012 9:35 AM
As mentioned in the morning the pair was over sold and we were expecting a bounce back/Short covering which is currently carrying the pair up towards 0.9350. The bigger view remains bearish on the pair and once this short covering rally is over we can see the bearish trend continuing and taking the Dollar-Swiss lower. As expected the Dollar index (80.32) has recovered a bit and can go further up towards 80.50. Euro (1.2941) has slipped and can dip further towards 1.2900 where it might well be bought again. So we are looking at 0.9350 on Swiss.
- EUR/USD Daily Free Signals by AutotradingFX 11/26
November 26 2012 4:50 AM
Sell @: 1.2949 TP Sell @: 1.2899 SL Sell @: 1.2999