As far as the price is below its pivot point, a short position is recommended with the first target at 116.20 -115.80. Price actions from 16/12/2014 are viewed as a consolidation pattern with rebound from 115.60 as the second leg,below 115 area it will indicate that the third leg as started and will target 111 low. short positions are recommended with…
The dollar clearly been increasing worldwide since April 2014 The Moves he made against other currencies very impressive Now you can see in number of pairs, the slowdown during their weakness against the dollar For example, the Australian and New Zealand In addition to this you can see also number of signals to the process plant commodities: Gold ,silver and…
EURUSD the pair is in bearish trend but ……get ready for some activtyif we will look closely the chart we can see that we are reached to support area my analysis for the situation now that we are going to see corrections to 1.23 areathe levels 1.16-1.17 for my thoughts are going to support and from there we will get…
usdjpyas long as the pair remain below 119,60 the direction is south support areas :117.80 115..60resistance area :119.60 120.30good luck This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice www.daytrade-profit.com
USD/RUB pair continued to move northward, with the ruble giving up another 2.29% to close Friday at RUB 59.6168. The pair closed the previous week at RUB 58.2805Breaking record stands at 36 took place this year with heavy cyclesIf we look at the graph we can see the pattern leads to the goal of Area 51The last trading week volatility…
USDJPYtoday close below 117,30-60 could lead to 114 areas take alook : bearish looking weekly candle opposing short, expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside and rebound good luck This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or…
Published on 10/4/11 6:29 AM Pacific Standard Time usdcad &crude oil correlation ………I took a graph of decades in order to show the correlation of oil-CAD, one by one,Conclusions:Oil Region 62-64 = CAD $ 1.15 areaOil Region 75-76 = CAD 1:05 to 1:07Oil Region 84-86 = CAD $ 1.03Equilibrium over time , an average intersection between the two is in…
9/21/14 11:57 AM Pacific Standard Time The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is still to come target at 175.60-176.40. A break of this target will move the pair further downwards to 174.30. The pivot point stands at 179…
The whole world and his wife in Long Dollar and Euro Swiss , holding long net position onGold Drops, someone knows something we do not know or are going to bury them all under a pile of hayPositions show a strong tendency of these pairs on the dollarRecent stops sitting under a band of iron 1.20 in the 1:17 to…
Forex trading involves selling and buying of currency pairs. It means, when you buy a specified amount of a currency and pay for it using another currency. If the value of the purchased currency increases, the trader makes money by selling them. If the value of currency decreases, he would lose money. In a Forex trade, you have to choose…