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EURUSD loses the upside momentum before New Home Sales

As shown on the 4-hour chart below, the EURO/Dollar loses the upside momentum. Resistance is at 1.3255. Support is at 1.3205. Stability below 1.3205...

EURUSD – Intraday Strategy (24 Jul 2013)

Recommendations: LONG positions above 1.3189  with 1.3235 & 1.3270 as next targets. Alternative scenario: The downside breakout of 1.3189 will call for a slide to 1.3160/1.3115 Description:...

Events of the day 24 Jul 2013

Today we have important news from Europe, UK and United States : 1- At  7:00 GMT, France is to release French Manufacturing PMI, It's a leading indicator of...

USD/INDEX Outlook 23 Jul 2013

As shown on the weekly chart below. The USD/INDEX declined after the false breakout above 84.54 levels. Printed a new high at 84.91 levels....

EURJPY – Daily Forecast 23 Jul 2013

The EURJPY maintained a bearish momentum yesterday bottomed at 131.13 and closed at  131.22. Now the pressure will be on the key support 131.13....

EURUSD & GBPUSD could fly more than 1000 pips in 2014

As shown on the weekly chart below fall from 1.3710 levels was contained well around 1.2750 levels, If we back to the past a...

EURUSD – Intraday Strategy (22 Jul 2013)

Recommendations: SHORT positions below 1.3217 with 1.3145 & 1.3065 as next targets. Alternative scenario: The upside breakout of 1.3217 will extend gains towards 1.3280/1.3330 Description: The pair...
Reversal -65987

Market Reversal Levels Week of 22 Jul 2013

1- These levels are strong support and resistance levels in the short term, the market usually respects these levels strongly. 2- I highly recommend using divergences techniques, to...

USDJPY – Weekly Forecast 22-26 Jul 2013

No change in my previous posts, fall from 101.52 treated as the second leg of 103.73 consolidations, support is at 98.24, below this level...

GBPUSD – Weekly Forecast 22-26 Jul 2013

The GBPUSD continued to maintain its bullish momentum last week, bottomed at 1.5027 and topped at 1.5281, the weekly close above 1.5221 levels opens...