You don't understand a specific financial term ? Visit our Forex glossary
Page 57 of 57 FirstFirst ... 747555657
Results 561 to 568 of 568
Like Tree4Likes

Thread: Fbs

  1. #561
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    NZD/USD has survived a prolonged period of declines since the second half of July. In September, a bullish correction has finally started. Will this recovery last? We try to answer this question by studying the fundamentals for the NZD and the USD.

    read more

  2. #562
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    Trade idea

    SELL 1.7055; TP 1.6990; SL 1.7070

    When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD. We already drew your attention to this pair last week, and the idea still looks good. Moreover, the pair has actually confirmed a “double top” on the D1 as it tried to retest the neckline and got rejected to the downside. Now it’s possible to join sellers on the break below 1.7060 (50% Fibo of the July-August advance, 100-day MA) targeting 1.6985 (100-week MA).

    read more

  3. #563
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    It looks like USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month. The pair has broken below the 50% Fibonacci retracement of the July-August advance and the 50-day MA in the 14.6530 area - now this is the main resistance. The key support lies at 14.55 (yesterday’s low, 100-day MA). The decline below this level will open the way down to the 61.8% Fibo at 14.4570. Notice that there’s some bullish divergence on H4, so a move higher seems likely before we see any attempt for lower levels.


    read more

  4. #564
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    Trade ideas

    BUY 5.7260; TP 5.7450; SL 5.7200

    SELL 5.6990; TP 5.6570; SL 5.7050

    USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion. Notice that, all in all, the pair’s consolidating within a triangle and has space to move inside it. The advance above today’s high at 5.7250 will open the way to 5.7450 (100-period MA on H4 and the top of the triangle). The decline below 5.70 will make the pair move towards the lower border of the pattern. The target for selling will be at 5.6570 (200-period MA).

    read more

  5. #565
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon. In this environment, the currencies of oil exporters, such as the CAD, may feel good.USD/CAD is consolidating within a triangle on H4 as it failed to get above the 100-day MA yesterday. The upper border of the pattern is at 1.3258 (200-period MA on H4). Above it, the pair may be able to test the recent high of 1.3286 (61.8% Fibo of the September decline), although there will be the 100-day MA at 1.3270 on the way. The lower border at 1.3240 guards the way to 1.3228 and 1.32. We favor the bearish scenario. The Awesome Oscillator on H4 formed a lower high.

    read more

  6. #566
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    Trade idea

    BUY 1.6175; TP1 1.62; TP2 1.6235; SL 1.6160

    SELL 1.6085; TP 1.6050; SL 1.6100

    EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area. There's also a 100-day MA just above 1.6050. The pair tried to retest levels below it earlier this week but then closed higher. All of this lets us think about a bullish scenario. The advance above Friday's high at 1.6170 area will open the way up to 1.62 (100-day MA) and potentially to 1.6235 (200-day MA). Support lies at 1.6090 (200-period MA on H4). The decline below it will mark a return to 1.6050.

    read more

  7. #567
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default



    Trade idea

    SELL 0.6785; TP1 0.6765; TP2 0.6735; SL 0.6795

    AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful. The pair has formed a top and can have another go at the lower levels as it resumes the general downtrend.

    So far, AUD/USD has reached the 50% Fibo retracement of the September advance at 0.6790 (100-period MA on H4). The decline below this level will open the way down to 0.6765 (61.8% Fibo) and 0.6730 (78.6% Fibo).


    read more

  8. #568
    pedagoreng is offline Senior Member
    Join Date
    Aug 2014
    Posts
    558

    Default


    Trade ideas

    BUY 1.2505; TP 1.2700; SL 1.2485

    SELL 1.2485; TP1 1.2440; TP2 1.2390; SL 1.2500

    GBP/USD is having a third bullish week in a row. The pair has reached our previous buy target at 1.25 and may be up for more given its clear attempt to form a base around 1.20 and the previous break above 1.23. In the short-term, the pair may test lower levels as there's bearish divergence on the H4. The key level for the upside is 1.25 (100-day MA, previous week's highs): the decline there may attract new buyers that will aim at 1.2700/30. If, however, GBP/USD slides below 1.2490, it will be the time for selling with targets at 1.2440 and 1.2390.

    read more

Page 57 of 57 FirstFirst ... 747555657

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0