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EURJPY: Bullish, Resumes Its Broader Uptrend
EURJPY: Bullish, Resumes Its Broader Uptrend. EURJPY - The cross has resumed its medium term uptrend paving the way for more upside offensive towards the 132.00 level and then the 133.00 level. A cut through here will target the 133.50 level and then the 134.00 level. Its daily RSI is bullish and pointing higher supporting this view. Read More | View Original Article
EUR/USD: H&S figure in between Fibonacci levels
While not the neatest figure ever, the daily and the 4 hours chart show a head and shoulders figure developing in the EUR/USD in between Fibonacci levels, with shoulders’ highs around 1.3190 and the head at this month high of 1.3242. Read More | View Original Article
EUR/SEK 1H Chart Emerging Pattern: Triangle
NZD/USD 1H Chart Emerging Pattern: Channel Down NZD/USD has formed a Channel Down pattern on the 1H chart. The pattern has 62% quality and 86% magnitude in the 109-bar period. The pattern began on 2nd of May when the pair dipped to 0.8457; at the moment it is trading at 0.8356. Trading volume seems to be increasing in the length of the pattern. Read More | View Original Article
Dax June contract SUPPORT: 8227 8190 8162.5 8124 8106 8089 8024 7980.5 7922 7874 RESISTANCE: 8270 8280/83 8290 8326 8350 8376 8415 8500 8542 8598 Dax made a low in the morning of 8225 and then trading higher with the S&P yesterday making a new high at 8280 stopping just short of the rising trend line on the 60 mins charts at 8283 where we recommended to go short, and the S&P hit the upside target of 1635. Read More | View Original Article
EURUSD – Bullish Bias – Looking to Buy at 1.3020 stop at 1.2990
EURUSD – The rally was sold and follow through selling pressure resulted in EURUSD trading to the lowest level in 9 trading days yesterday. However, this looks to have formed a bullish Gartley pattern with levels under 1.3016 (78.6% pullback of gains from 1.2954-1.3242) finding buyers. Our first resistance is located at 1.3058 so it would be unwise to call a buy at the open. We look for a mild move lower to get long today. Read More | View Original Article
GBP/USD to fall to 1.5197 in the next 8 trading days
GBP/USD continues to fall within the daily Up Channel chart pattern identified by Autochartist– as can be seen from the next trade opportunity alert that I received for this pair. The price is expected to break the lower trendline of this Up Channel and to reach the target level 1.5197 in the following 8 trading days. The stop-level for this forecast is set 1.5605 (point B, the top of this chart pattern). Read More | View Original Article
Dow Jones : Resistance(daily close) : 14855.63, 15021.70, 15159.38 and 15404.28. Breaking of the latter would give 15643.13, 15845.63, 16022.80 и 16205.32 (published on March 29, 2013). Support ( daily close ): 13 395.94 , 13 162.60 and 12 937.40. Then 12 506.84, 12 397.40, 12 214.70, 12 116.25, 11 913.40 and 11 864.53. Breaking of the letter will give 11 694.36, 11 593.13, 11 328.75 and 11 131.87 ( published on May 18, 2007, upgraded on January 24, 2013) . Read More | View Original Article
USDJPY Pushes Higher and Closes Above 100.00
Chart in Focus: Daily USDJPY The USDJPY finally broke and closed above the key resistance near 100.00 today , extending the current up trend. The market formed a small pin bar buy signal yesterday, just prior to today's breakout. Given the small size of yesterday's pin and that it didn't really form at a key support level, many of us likely missed today's move. Read More | View Original Article
AUD/USD flirts with parity, 11-month low
Strong improvement in Australian employment figures, were not enough to save the Aussie today, as the bearish trend against the greenback reached a fresh 11-month low. Over past Asian session, Australian data showed that the economy created almost 5 times more jobs than expected, 50K against 11.5 forecasted, while unemployment rate decreased from 5.6% to 5.5%. Read More | View Original Article
All hell broke loose in the American session, as the USD/JPY finally breached the 100.00 mark. Read More | View Original Article
GBP/USD: maintaining the positive tone
GBP/USD maintains the positive tone this Thursday, trading above the 1.5540 mark and having been as high as 1.5585 over the European morning, boosted by positive UK manufacturing and industrial production data. Regardless the BOE, the 4 hours chart shows price above 20 SMA while indicators head slightly north in positive territory, keeping the downside limited in the short term. Read More | View Original Article
EUR/CHF to fall to 1.2276 in 18 hours
EUR/CHF continues to fall in line with this trade alert that I received today for this pair. As can be seen from this trade alert, EUR/CHF recently broke the hourly Rising Wedge chart pattern identified by Autochartist. The stop level for this forecast is set at 1.23495 (point B). Read More | View Original Article
AUD/USD 1H Chart Emerging Pattern: Channel Down
EUR/USD 4H Chart Emerging Pattern: Rising Wedge EUR/USD has formed a Rising Wedge pattern on the 4H chart. The pattern has 81% quality and 100% magnitude in the 131-bar period. The pattern began on 4th of April when the pair dipped to 1.2747; at the moment it is trading at the daily pivot (PP) at 1.3143; the gap between the pattern’s support and resistance narrows by 120 pip in 100 bar period. Except for a few peaks trading volume seems be decreasing lately. Read More | View Original Article
Currently, central banks around the world are looking for the way out of . Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. But how to control the money supply which could lead to deflation .However, growing political pressure from around the world, and growing dissatisfaction among domestic voters have shaken, and perhaps cracked, the German resolve. Have a nice trading day ahead of you ! Read More | View Original Article
The US Dollar is trading weak at 81.93
Market Commentary The US Dollar is trading weak at 81.93, with 81.80 still acting as support, though the bias is signifying weaker Dollar. The Greenback depreciated on the event of most of asset classes appreciating. The benchmark equity index of the Dow Jones Industrials Average (DJIA) continued appreciating to make new highs to currently trade at 15100 ranges; the trend is still intact till DJIA manages to trade above 14860 ranges. Read More | View Original Article
