Wednesday, 29 October 2014

Oil Further Downside Expected

After hitting diagonal resistance oil again in bearish mood and it should continue towards the key support zone. So 81.94 can be logical selling zone and our take profit level can be 80.10 level and stop loss level should be just above the diagonal resistance.


oil h4



Oil Further Downside Expected

GOLD ANALYSIS

After testing important pullback ( 0.61 Fibo expansion level) GOLD again enjoying market depth. So next logical target 1281 level ( Key horizontal support zone). For long term gold take take downside breakout towards the fibo 161 expansion level.


 


Screenshot_14



GOLD ANALYSIS

Monday, 27 October 2014

Weekly Currency Report (27 to 31 October)

Weekly Forex Update


The greenback ended the week on a stronger footing after monthly consumer prices in the US grew more than anticipated in September, while the new home sales in the nation rose to a 6-year high on a monthly basis in the same month. Meanwhile, investors shrugged off the downbeat October US manufacturing PMI and the weekly unemployment claims data for the week ended October 18. Going forward, market participants will eye this week’s US Fed policy meeting to determine if the central bank winds up its bond buying programme this month.


During the week, the Dallas Fed President, Richard Fisher stated that there was no need for Fed to delay the end of its monthly bond-buying programme, as according to him the world’s largest economy was on “on a strong trajectory” and it would continue to do well.


The Pound remained lower at the end of the week, after the UK monthly retail sales slowed more than expected in September, while public sector borrowing data also disappointed investors. The Pound was further weighed down after the minutes of the BoE’s latest policy meeting showed majority policymakers voting against a hike in the central bank’s benchmark interest rates. However, the GBP gained ground to some extent after UK’s economy continued its expansion trend on a quarterly basis in 3Q 2014, albeit in line with market estimates and further firming the IMF’s prediction that the Britain economy would outscore rest of the developed G-7 economies.


Over the weekend, the BoE’s MPC member, Ian McCafferty stated that the central bank needs to increase its interest rates sooner and in a gradual manner, despite inflation in the UK still being below the BoE’s 2% target.


The Euro ended the week on a lower footing after news emerged that the ECB could possibly begin purchasing corporate bonds as part of its monetary stimulus program to revive the region’s dwindling economy. However, losses in the common currency were muted following encouraging manufacturing and services PMI figures from the Euro-zone in October. The Euro further recovered after the region’s biggest economy, Germany showed an unexpected expansion in its manufacturing activity for October.


Later during the weekend, the ECB’ stress tests showed that most of the European banks were healthy and would be able to withstand any economic slowdown, indicating a better situation for the Euro-bloc.



EUR USD


Last week, the EUR traded 0.71% lower against the USD and closed at 1.2671, after reports came out that the ECB was planning to expand its asset purchase programme by opting for corporate-debt purchases as part of its stimulus program to boost the Euro-zone’s economy. However, losses were limited after the Euro-zone’s manufacturing PMI as well as services PMI reported encouraging readings in October, while manufacturing activity in Germany, the Euro-zone’s biggest economy returned to expansion territory in the same month. During the week, the ECB Vice President, Vitor Constancio, warned that any further decline in the Euro-zone inflation expectations could be extremely harmful; however he assured that the central bank’s accommodative monetary policy would help ensure a safer return to price stability in the region in the medium term.  Separately, the ECB Governing Council Member, Ewald Nowotny opined that the recent fall witnessed in the common currency was fuelling growth in the region. During the week, the pair traded at a high of 1.2841 and a low of 1.2614. The pair is expected to find its first support at 1.2576, with the next support expected at 1.2482. The first resistance is at 1.2803, and the next at 1.2936. Looking ahead, investors await the Euro-zone’s as well as Germany’s CPI and unemployment rate data.



Meanwhile, investors would keep a close eye on German IFO economic expectations data for better insights in the nation’s struggling economy.



GBP USD


In the last week, GBP traded marginally lower against the USD and closed at 1.6090, after the UK retail sales dropped more than expected on a monthly basis in September. The Pound ended the week in red as Britain’s economic expansion slowed down to 0.7% on a quarterly basis in 3Q 2014, as growth was impeded by weakness in Europe. Separately, the minutes of the BoE’s latest monetary policy meeting indicated that majority of the policymakers decided to keep the benchmark interest rates unchanged, stoking fears that the BoE may well keep its key interest rate unchanged for a prolonged period, while two MPC members, Martin Weale and Ian McCafferty, continued to vote for an immediate rise in the nation’s interest rate. Meanwhile, downbeat UK public sector net borrowing data kept the Pound under pressure against most of the currencies. The pair traded at a high of 1.6186 and a low of 1.5994 in the previous week. GBPUSD is expected to find its first support at 1.5994, with the next at 1.5898. Resistance exists first at 1.6186, and then at 1.6282.



In the week ahead, market participants would keep a close eye on the UK’s net consumer credit, mortgage approval as well as GfK’s consumer confidence data for further cues.



USD JPY


The USD traded 1.20% higher against the JPY over the past week, closing at 108.16, following upbeat inflation data reported by the US. In economic news, Japan’s manufacturing PMI continued to remain in the expansion territory in October, while the nation’s leading economic index advanced in August. Additionally, the nation’s exports rebounded strongly on an annual basis in September, easing concerns over Japan’s sluggish exports. Separately, the BoJ in its quarterly report reported that most of the Japanese regional economies continued to recover moderately as a trend, as the effect from the sales tax increase in April gradually eased. Last week, the IMF gave Japan the green signal to go ahead with a second sales tax hike next year in order to maintain credibility of the nation’s fiscal framework. The IMF further indicated that it expects the Japanese economy to register a 3.4% annualized growth in the July-September period. The pair traded at a high of 108.37 and a low of 106.25. The pair is expected to find its first support at 106.81, with the next support expected at 105.47. The first resistance is at 108.94, and the next at 109.72.



Going forward, investors keenly await Japan’s retail trade, industrial production, CPI data and the BoJ’s outlook report slated to release this week.



USD CHF


USD traded 0.59% higher against the CHF and closed at 0.9519 in the last week. During the week the Swiss Franc came under pressure after the first poll for opinion regarding the Swiss gold referendum suggested a ‘yes’ vote could be on the cards, thereby indicating that the SNB could be forced to purchase around $60 billion of gold at current spot prices. On the macro front, Switzerland’s trade surplus widened less than expected in September. During the week, the SNB’s Board Member, Fritz Zurbruegg stated that that the Swiss Franc was still “over-valued” and hence the central bank would defend its Cap on the Swiss Franc, while further adding that the central bank would take further measures if required.  During the period, the pair traded at a high of 0.9560 and a low of 0.9398. The first support is at 0.9425, and the next at 0.9330. Resistance exists first at 0.9587, and then at 0.9654.



Going forward, investor sentiments would be governed by Swiss UBS consumption as well as KOF leading indicator data scheduled to release this week.



USD CAD


Last week, the USD traded 0.41% lower against the CAD and closed at 1.1231, following disappointing initial jobless claims as well as manufacturing PMI data from the US. The CAD received support after the BoC decided to maintain its interest rates benchmark interest rates steady at 1.0% at par with market estimates. Additionally, the central bank in its statement post its interest rate decision predicted the Canadian economy to grow at a rate of 2.5% in 2015 and gradually ease down to 2% by the end of 2016. Meanwhile, Canada’s monthly retail sales registered an unexpected fall for the second consecutive month in August, marking its biggest fall since December 2013, indicating the nation’s uneven economic growth. USDCAD traded at a high of 1.1298 and a low of 1.1183 in the previous week. The first support is at 1.1177, with the next at 1.1122. The first resistance is at 1.1292, while the next is at 1.1352.



Looking forward, Canada’s GDP data would keep the investors on their toes.



AUD USD


AUD traded 0.56% higher against the USD last week, and closed at 0.8793. The AUD started the week on a higher footing after consumer prices in Australia advanced rose more than expected on a quarterly basis in 3Q 2014. Separately, the RBA’s minutes from its October board meeting revealed that the central bank was not very keen for a hike in its key interest rates and decided to keep it at record low for the foreseeable future. During the week, in a noteworthy comment, the RBA’s Deputy Governor, Philip Lowe, indicated that the nation’s low interest rate policy was appropriate and supported the nation’s economy. However, he expressed concerns over the low global interest rates as it led to a rampant rise in overall asset prices. Elsewhere in China, economy expanded at its lowest pace in more than 5-years, on an annual basis in 3Q 2014 while industrial production in the nation advanced more than expected on an annual basis in September. During the week, the pair traded at a high of 0.8835 and a low of 0.8718. The first support is at 0.8729, and the next at 0.8665. The first resistance is at 0.8846, and the next at 0.8899.



In the week ahead, market participants await Australia’s Roy Morgan weekly consumer confidence and new home sales data for further insights in the nation’s economy.



Gold


In the prior week, Gold traded 0.58% lower against the USD and closed at USD1231.80, as a broad rally in global equity markets along with a rise in the US Dollar weighed on the demand outlook of the yellow metal. Meanwhile, gold prices continued to be under pressure on the back of mounting speculation that the Federal Reserve in its monthly monetary policy meeting scheduled this week would end its bond-buying stimulus programme. Last week, holdings in the SPDR Gold Trust, the world’s top bullion exchange-traded fund fell 2.0% to 745.39 metric tons, its lowest level since late 2008. The yellow metal traded at a high of 1255.60 and a low of 1226.30 in the previous week. Gold is expected to find support at 1220.20 and the next at 1208.60. The first resistance is at 1249.50, while the next is at 1267.20.



In the week ahead, the prices of the yellow metal would be largely affected by the Fed’s decision in its policy meeting starting tomorrow.



Crude Oil


Oil prices traded 2.10% lower against the USD in the last week and closed at USD81.01, as concerns of increasing global supply outpacing demand rose, with OPEC member countries unwilling to slash crude production. Oil prices received some support towards the end of week as reports emerged that Saudi Arabia, world’s biggest oil exporter supplied the international and domestic market with 9.36 million barrels a day of crude oil in September, less than 9.69 million barrels a day supplied in August. Meanwhile, the EIA reported that the US crude oil inventories increased 7.1 million barrels to 377.7 million barrels, against an anticipated gain of 2.7 million barrels in the week ended October 17.  Additionally, the API indicated 1.2 million barrel increase in the US crude oil inventories, during the week ended October 17.



Oil traded at a high of 84.05 and a low of 80.05 in the previous week. Oil has its first major support at 79.36, while the next support exists at 77.70. The first resistance is at 83.36, and the next at 85.70.



Weekly Currency Report (27 to 31 October)

Sunday, 26 October 2014

EURUSD Analysis (27-31)

After testing weekly first support (1.26230) EUR/USD trying to take some correction towards the weekly pivot level (1.27540). This pair still in consolidation mood and coming week should take breakout because of fundamental force. Currently price level just below the daily first resistance and it can continue to the daily 2nd resistance (127071) level where have EMA 50 level and its working as a important resistance. So from that level it can move again the depth.


So coming week we can see again EURUSD downside pressure. EURO ZONE facing continues suffering of low inflation, high unemployment.


On the other hand continues positive economic date make USD more stronger.


WAVE ANALYSIS: Check Daily Chart


H4 Chart Analysis: H4 Chart


 


WEEKLY PIVOT LEVEL:










EUR/USD1.22211.24881.26231.2754 (PP)1.28901.30211.3288

EURUSD Analysis (27-31)

Monday, 20 October 2014

EURUSD on they way of breakout

Screenshot_18


According to H4 Chart EURUSD pair on they way of triangle breakout. Currently price level find EMA 200 resistance and short term diagonal resistance. But price going through price channel and 1.28682 can be a logical destination of this pair as a short term point of view.


Today important  news is “existing home sales” and it will create high impact on the market. I have pending sell order at 1.28682 level and I am waiting for that.


Thank You



EURUSD on they way of breakout

Daily Technical Report

The euro edged higher against the dollar and the yen in quiet trade on Monday, as financial markets remained calm after last week’s selloff. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September.


The dollar fell to three week lows against the euro mid-week and weakened against the other major currencies amid fears that slower global growth would act as a drag on the U.S. economy.


In recent months the ECB has cut interest rates to record lows, extended new four-year loans to banks and announced a plan to purchase asset-backed securities, a form of quantitative easing, in a bid to spur growth in the euro area.


Comments by various ECB officials on Friday reiterated the need for governments to implement structural reforms and raise productivity in order to boost growth.


Demand for the yen was hit by speculation that Japan’s pension fund is growing closer to increasing its holdings of stocks and overseas assets, which would drive up demand for foreign currencies.



















































EUR/USDGBP/USDUSD/JPYAUD/USDUSD/CADUSD/CHF
R3:1.28141.6204107.740.88291.13270.9497
R2:1.27951.6178107.530.88091.13110.9474
R1:1.27751.6156107.180.87901.12860.9451
S1:1.27441.6134106.830.87721.12610.9437
S2:1.27131.6108106.630.87521.12450.9422
S3:1.26941.6082106.430.87321.12290.9399

Daily Technical Report

Saturday, 18 October 2014

USDJPY Weekly Analysis

Daily Chart Wave analysis:


usdjpy ellot weve


H4 Chart Analysis:


usdjpy h4


Daily Fibo Analysis:


usdjpy daily


Chart Analysis: After testing strong pullback zone (105.405) this pair again moving towards Fibo 61% (108.131 level). Currently price level above the daily first resistance level. Price level should find resistance at 38% fibo ( 107.028 level) so 106.309 level can be a important buying zone and target can be 108.131 level as a medium term trade.


Weekly Pivot Level:










Classic105.54105.84106.37106.66 (PP)107.20107.49108.02



USDJPY Weekly Analysis

EURUSD Weekly Analysis

EURUSD H4 Chart:



EURUSD H4


EURUSD DAILY CHART:


EURUSD DAILY


EURUSD WEEKLY CHART:


EU WEEKLY


EURUSD MONTHLY CHART:


EU MonthlyChart Analysis: According to H4 chart EURUSD moving according to price channel. After testing channel upper boundary its now on they way of testing lower boundary. Price level now just below the daily pivot level so bearish sentiment still strong. But this price level can take short bounce from 1.27235 level where have daily first support and 50 EMA.


If we check daily chart then we can see hanging man candle pattern with confirmation. So EU can bearish towards 1.265 level before further upside momentum.


Weekly Pivot Level:










Classic1.26301.26871.27241.2781 (PP)1.28181.28751.2912

EURUSD Weekly Analysis

Wednesday, 15 October 2014

Friday, 18 April 2014

EURUSD Weekly Analysis ( 21 To 25th April)

According to daily chart EURUSD pair now in bearish sentiment and last week it has taken some gap down so it can continue this bearish sentiment towards   1.374 level where have important Fibo 61% retrenchment level  as well as weekly support 1 (1.37460).


Note: This pair can take again rebound towards 1.396 level after hitting 1.37460 level.


Weekly Technical at a glance:




















EUR/USD

(S3) 1.3394



(S2)1.3610



(S1)1.3746



(Pivot Point) 1.3826



(R1) 1.3962



(R2) 1.4041



(R3) 1.4257


 





 



EURUSD Weekly Analysis ( 21 To 25th April)

Friday, 21 March 2014

Currency Trading For Dummies


::Currency Trading For Dummies::



Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it — without losing your head!




  • All the world's a stage — get an easy-to-follow introduction to the global forex market and understand its size, scope, and players





  • Show me the money — take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a pro





  • Prepare for battle — discover different types of trading styles and make a concrete strategy and game plan before you act on anything





  • Pull the trigger — establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms




 



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Currency Trading For Dummies

MACD Trading Strategy


::MACD Trading Strategy::



simple-macd-strategy



If you are looking for a Long term strategy with good  winning then MACD Trading Strategy is for you.



*  Time Frame: Daily or H4



*  Symbol: any major preferred EURUSD, GBPUSD



* Risk: MAX 2%of account equity per order



* Indicators:



* MACD ColorHist Alert Indicator for MT4



* Fast EMA: 7



* Slow EMA: 22



* Signal SMA: 0



Simple MACD Strategy Overview:



This is a  MACD Trading Strategy which is used for long term trading. You will have usually only one trade per month. But this one trade is usually high profit trade. The strategy should be used only on major currency pairs like EURUSD and GBPUSD. Trade it only on high timeframe like Daily timeframe. It works on 4h and 1h as well but you might need to tweak MACD settings and use different entry, exit rules.



Simple MACD Strategy entry and exit rules:



  • We enter BUY/SELL trade when MACD crosses 0 point to UP (Green) for BUY orders and when crossing 0 point down (RED) for SELL orders (please note that you MUST wait for daily candle to CLOSE)


  • When we are in a trade we will set SL to 100 pips


  • When Trade goes your way 50 pips we set BE to +2 pips so that if the market reverses you wont have any loss


  • Your FIRST TP is at 100 pips (you will take out 50% of the entry and set SL to +50 pips)


  • Your SECOND TP is at 200 pips (you will take out everything)


As you can see Simple MACD Strategy is easy as pie. Please note some people tend to exit the entire trade at first TP which you can if you want but i tend to let my trade ride up to second TP.



In the Example chart we have we can see that first trade we triggered BE and got stepped out at +2 pips. Next three orders were profitable they got to second TP. Forth order BE got hit again and we got stepped out at +2 pips. Which is a great success rate.







Download Strategy Template

Download MACD Alert Indicator


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Thursday, 20 March 2014

17 Proven Currency Trading Strategies


::17 Proven Currency Trading Strategies::



With an average of $4.3 trillion exchanged per day, the Foreign Exchange (Forex) market is the largest and the most actively traded market in the world. Countless money-making opportunities abound in the Forex market every day for savvy traders equipped with the right knowledge and tools. But how does an amateur investor take advantage of these opportunities to earn high returns? This book provides a comprehensive solution to this question by arming you with the same knowledge and tools that these savvy Forex traders have.



Written by Mario Singh, head of the prestigious FX1 Academy, the largest Forex education firm in the Far East, 17 Proven Currency Trading Strategies is a plain-English guide designed for anyone—from beginners to professionals, and everyone in between—looking to quickly master the knowledge and skills needed to win big in the booming Forex market.



Following the first section that explains in plain English—what is Forex trading, how money is made in the Forex "game", the six major players involved, and the importance of knowing one's Trader Profile—the second section focuses on specific and practical guidance, which includes:



  • A "Trader Profile Test" to help the reader get a clear picture of his natural trading style and which of five trading profiles he belongs to (Scalper, Day Trader, Swing Trader, Position Trader, or Mechanical Trader)


  • 17 proven trading strategies (between 2 to 5 strategies for each trader profile) for the reader to immediately start cashing in on the Forex market


  • Descriptions of an array of real-world trading scenarios, with tips on how to address them


  • A section that shows the reader how to custom-tailor a trading system designed for his sensibilities and risk tolerance


  • Forex hedging strategies for finance professionals at multinational corporations


  • And much more


Short on theory and long on practical insights and step-by-step guidance, 17 Proven Currency Trading Strategies is an indispensable working resource for investors and traders of every classification—from retail investors and fund managers, to portfolio managers and institutional investors—looking to expand their trading horizons and win big in the Forex game.



And, whether you're a recent college grad or a baby boomer preparing to retire; a middle manager or business owner; or looking for a reliable second income stream, this book can help you to achieve the financial independence you want and deserve by trading the Forex market, no matter what your life stage, income bracket, or professional standing.



 



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Money management strategy


::Money Management in Trading::



Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.



It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk you’re going to accept for this trade.



There are different money management strategies. They all aim at preserving your balance from high risk exposure.



First of all, you should understand the following term Core equity, Core equity = Starting balance – Amount in open positions.



If you have a balance of 10,000$ and you enter a trade with 1,000$ then your core equity is 9,000$. If you enter another 1,000$ trade, your core equity will be 8,000$



It's important to understand what's meant by core equity since your money management will depend on this equity.



We will explain here one model of money management that has proved high annual return and limited risk. The standard account that we will be discussing is 100,000$ account with 20:1 leverage. Anyway, you can adapt this strategy to fit smaller or bigger trading accounts.



Money management strategy:



Your risk per a trade should never exceed 3% per trade. It's better to adjust your risk to 1% or 2% we prefer a risk of 1% but if you are confident in your trading system then you can lever your risk up to 3%



1% risk of a 100,000$ account = 1,000$



You should adjust your stop loss so that you never lose more than 1,000$ per a single trade.



If you are a short term trader and you place your stop loss 50 pips below/above your entry point. 50 pips = 1,000$ 1 pips = 20$



The size of your trade should be adjusted so that you risk 20$/pip. With 20:1 leverage, your trade size will be 200,000$



If the trade is stopped, you will lose 1,000$ which is 1% of your balance.



This trade will require 10,000$ = 10% of your balance.



If you are a long term trader and you place your stop loss 200 pips below/above your entry point. 200 pips = 1,000$ 1 pip = 5$



The size of your trade should be adjusted so that you risk 5$/pip. With 20:1 leverage, your trade size will be 50,000$



If the trade is stopped, you will lose 1,000$ which is 1% of your balance.



This trade will require 2,500$ = 2.5% of your balance.



This is just an example. Your trading balance and leverage provided by your broker may differ from this formula. The most important is to stick to the 1% risk rule. Never risk too much in one trade. It's a fatal mistake when a trader lose 2 or 3 trades in a row, then he will be confident that his next trade will be winning and he may add more money to this trade. This is how you can blow up your account in a short time! A disciplined trader should never let his emotions and greed control his decisions.



Thank You


Sunday, 9 March 2014

Money Management development


::Money Management Development::



article-headersmm2



Money Management Development:



For getting success from Forex Industry every trader should focus on money management as well as risk management. This is oldest and most important advice for all traders. This is fundamentally the most important element to master in order to achieve consistent success and profitability as a trader but is also one of the most neglected aspects of trading for newcomers. Without proper money management procedure every effort can be fruitless.



Why money management is important?  



You may ask question that, why money management is important? Money management is essential in Forex trading for two reasons. The first of these is that it needs to be employed in order to be consistent with the potential profits that can be achieved and, secondly, money management will allow a trader to continue trading even during periods of poor performance. If trader understand money management properly then they can use potential take profit as well as stop loss that help trader to trade even in an adverse situation. The placement of these stop-losses should be relative to the expected gains, and ideally with a risk-to-reward ratio of no greater than 1:1. Managing risk relative to expected gains is an effective way to ensure that the risk taken on each trade is no greater than the potential profit. This should allow a trading strategy with an ‘edge’ to outperform the market if discipline is maintained and stop-losses are never extended beyond their pre-determined level.



Here I try to mention some important key point that should follow every trader: ( Money Management Tips)



1.Understand your risk level before entering any new trader. It will work as a silent money management weapon. Never focus only profit and number of pips,



2. Don't forget your risk level meaning, that is how much money you are going to lose per trade.



3. Focus on low loss and high profit ratio. And decorate your money management procedure by understanding this.



4. Use trailing stop if you are use to or place S/L at breakeven when you're in profit.



5. Use S/L of your every trade, and focus on support and resistance during that.



6. New trader can take maximum 1-2% risk per trade.



7. Do not increase lot size in start , always increase volume when your deposit is double. Example: If your deposit is 300$ you should start trade with one point = 0.01



8. Focus on high probability price action trade set up.



9. Never use risk reward ratio 1:1 , 2:1, 3:1 and so on. Means don't trade on low profit and high loss otherwise it will emptied your account in few days .



10. No need to make any trade when you feel any confusion, decentralize your profit time to time.



A common problem with risk management:



Risk management involves a large degree of discipline and preventing the temptation to move stops or ‘average down’ a position. One of the most destructive practices is to try to reduce the losses incurred on a failing trade by exposing an account to even further losses, or to become dogmatic and continue buying or selling in to the trade in order to lower the average purchase price. The acceptance that trades cannot always be profitable is essential to exercising effective risk management. Limiting the damage during these negative trades is more important for the health of an account than the profits of the winning trades.



Thank You


Saturday, 8 March 2014

Weekly Market Analysis


Weekly Market Analysis



( 10 To 15 March, 2014)



EUR/USD Market Analysis:



EURUSD daily chart



Present Scenario:  As we know EURUSD pair already broken  the most important daily resistance 1.38 zone ( Now price level about 2.4  years high) .  So price can move more higher level and it may hit 1.40 level in near future.  Another issue, after hitting diagonal resistance price level now in bearish momentum and it may come again  towards 1.382 (Fibo Expansion: 61.8) level and from here it may again rebound towards 1.3977 (Fibo Expansion: 100) level where have important diagonal resistance.



Technical Overview:



Current Candle: Normal Shooting Star ( Body: Bullish) ( Time Frame: Daily)



Trend: Bullish Trend



Weekly Pivot: S3: 1.3391, S2: 1.3573, S1: 1.3686, PP: 1.3755, R1: 1.3867, R2: 1.3937, R3: 1.4118



GBP/USD Market Analysis:



GBPUSD Daily chart



Present Scenario: Last trading session GBPUSD pair retest 1.677 level again and seems price find strong resistance at 1.677 level.  So from this level price can take some bearish momentum towards fibo 50% retracement level (1.654 level).



Another scenario: If price level break 1.68 level then it may move towards 1.70 level.



Technical Overview:



 Weekly Pivot:S3: 1.6324, S2: 1.6510, S1: 1.6622, PP: 1.6695, R1: 1.6808, R2: 1.6881, R3: 1.7066



Trend: Bullish Trend



Candle Structure: Shooting Start, ( Body: Bearish), ( Time Frame: Daily)



USD/CHF Market Analysis:



usdchf daily chart



Present Scenario: According to daily chart USDCHF price level now in strong bearish trend and price broke important support 0.88 zone. Price now in diagonal support 0.877 level.  From here price can take some short correction towards 0.883 level, after that it may move again towards very important demand zone where have fibo 100% expansion.



Technical Overview:



 Weekly Pivot: S3: 0.8526, S2: 0.8679, S1: 0.8734, PP: 0.8832, R1: 0.8887, R2: 0.8985, R3: 0.9137



Trend: Bearish Trend



Candle Structure: Strong Bearish, ( Body: Bearish), ( Time Frame: Daily)



USD/JPY Market Analysis:



USDJPY Daily Chart



Present Scenario: After hitting diagonal resistance USDJPY pair try to take some pullback. And it may come towards 102.65 level and from here it may again rebound towards 103.55 level.



Technical Overview:



 Weekly Pivot: S3: 99.74, S2:100.87, S1: 101.32, PP: 102.00, R1: 102.45, R2: 103.13, R3: 104.26



Trend: Bullish Trend



Candle Structure: Normal Shooting start ( Body: Bullish), ( Time Frame: Daily)



AUD/USD Market Analysis:



AUDUSD daily cahrt



Present Scenario: After hitting important diagonal resistance AUDUSD pair now in bearish momentum. So price level should move now towards 0.90 level where have fibo 50% retracement.



Technical Overview:



 Weekly Pivot: S3: 0.8669, S2:0.8815, S1: 0.8872, PP: 0.8960, R1: 0.9017, R2: 0.9105, R3: 0.9251



Trend: Bullish Trend ( Bearish Turning)



Candle Structure: Bearish Candle( Body: Bearish), ( Time Frame: Daily)



Thank You



Weekly Market Analysis

Friday, 7 March 2014

Ensure your Forex Success with FXsuccess.co.uk


Ensure Your Forex Trading Success with FXsuccess.co.uk



ensure_forex_success_with_fxsuccess_co_uk



Forex Trading? Yes



Nowadays, millions of people are engaged in currency trading in forex Market. We all know that forex Market is the most rapid growing Industry in the world, daily turnover around 5 Trillion Dollar. To become a successful trader it is necessary to learn the peculiarities of the forex market. Trader need some time to learn more about forex market and is manner. A usual online research will direct you to numerous websites devoted to Forex and Forex trading. You can find there so many things such as Forex news, daily market analysis, educational material, forums, calendars, trading signal etc.



However, it is necessary to understand that not all of these resources are useful. In fact, many tend to be harmful. While pursuing Forex education you may come across Forex websites telling tales on how easy it is to generate big money. Thus, if you want to avoid huge losses, it is crucial to carefully check all information resources and choose only reliable and verified websites. 



If you do not want to get lost in numerous Forex resources, pay a visit to http://fxsuccess.co.uk/  . You will be happy to know that, this is one of the most impressive and reliable website where you find so many trading resources, and lots of useful information. Now you may as a question. What you get from there?



Here I want to provide you some information about that….



1. For getting proper forex trading success you may need proper market analysis and http://fxsuccess.co.uk/  will provide you that on regular basis.



 



2. You will find there so many trading tools such as Economic calendar, Pivot point calculator, Fibonacci Calculator, Correlation Filter, Forex broker spread comparison sheet, Broker volume sheet, Trader insight analysis and many more things.



 



3. http://fxsuccess.co.uk/  promise to provide you professional forex trading course completely free. And this is one of the most impressive forex trading course in the world. So utilize it.



 



4. http://fxsuccess.co.uk/ provide us regular profitable trade set up, economic overview, market sentiment analysis and many more important issues. It's really impressive.



 



5. You want to develop your forex trading strategy? or you looking for new best trading strategy? Ok no problem! http://fxsuccess.co.uk/ will provide you so many sample strategy as well as best probable trading strategy. You can find those in Forex trading strategy section.



 



6. Want to get rapid forex trading success, then must utilize http://fxsuccess.co.uk/forex-trading-signal-free/ ( Daily Forex Trading Signal). And www.fxsuccess.co.uk provide us it fully free of cost.



 



7. For getting ultimate success, Forex trading need a good and reliable Forex Broker. Is it true? Yes 100% right. http://fxsuccess.co.uk/ will help you in terms of broker selection.  They develop a nice segment known as Forex Broker Review. Have a look: http://fxsuccess.co.uk/forex-brokers-review/ , you will get all kinds of broker information from here such as broker regulation, terms and condition, promotions etc.



 



8. Get paid of your every trade and maximize your trading profit. Yes fxsuccess.co.uk belief this word and they developed a nice forex cash back system for serious traders. They provide highest rebate rate ( around 95%)  in the market. No doubt about it. Here you can see some example:




















::Forex Broker Name::




::Rebates Rate::




FXCM




Up to 7.5 USD per standard lot




IronFX




Up to 7 USD per EURUSD S. L




AlpariUk




Up to 5 USD per Standard Lot




FXpro




Up to 6 USD per Standard Lot




Admiral Markets




Up to 22% commission or Spread per S.T




HotForex




Up to 5.5 USD per Standard Lot




AFBFX




Up to 7 USD per standard Lot



learn more: http://fxsuccess.co.uk/ib-commission-comparison/



Note: http://fxsuccess.co.uk/ now partner of around 50 world class Forex broker and all are regulated and popular forex broker in the world.



Read Forex Rebates FAQ: http://fxsuccess.co.uk/rebates-faq/ ( Check all rebate related FAQ from here.)



9. http://fxsuccess.co.uk/ provide you an impressive download gallery where you find so many premium forex trading eBook, exclusive custom indicator, script, supporting EA, custom EA etc. And you will get all those things completely free of cost.



 



10. Regular impressive forex article, video tutorial always there.



 



11. Customer satisfaction is number one priority for FXsuccess UK. The company provides top-notch services which can fulfill the requirements of even the most demanding clients. In case of any disputes with a broker, the company is ready to support each client and provide profound consultations that will help achieve the desired results in the currency trading activity. 



FXsuccess Uk will become your reliable partner on the Forex market and will teach you how to become a successful trader. 



So visit now for more details: www.fxsuccess.co.uk



Thank You



Ensure your Forex Success with FXsuccess.co.uk

Test Post from http://fxsuccess.co.uk

Test Post from http://fxsuccess.co.uk http://fxsuccess.co.uk


Join now!
FXsuccessUK is an international rebate service and free forex education provider where our main vision, mission and goal is to provide best support to our clients. We are very much interested in the safety of our client's monetary assets, that's why FXsuccess  represents only the brokers that have corresponding licenses and operate under the rigid control of regulating authorities. The reliability of the brokers represented by FXsuccess  is proved by their high reputation in the world of Forex and the significant number of clients working with them on a regular basis.

FXsuccess not only provide you rebate service but also we provide you some special service such as trading signal, Email alert, daily Market update, profitable trade set up, effective forex article, copy trade opportunity, forex eBook, video tutorial, free professional forex trading course and many more you can get in exclusive member area.

We all know that working with different Forex Brokers, a trader always has to pay for the effective transactions to the broker company- the intermediary at the Forex Market. Sometime this transaction cost or commission can considerably reduce the trader's income. But nothing to worry in this regards, FXsuccess will provide you  around 90% rebates back so that you can maximize your trading profit.
Here I can mention one Example for your better understanding, If we get 10 USD as a IB commission then we will provide you up to 9 USD as a rebates. Please not that: Your spreads and trading condition DO NOT change, they remain the same as if you had opened an account directly with the broker. The main difference is that a client that open their account directly through us get extra cash for each trade and its known as FOREX REBATES.

Both beginners and professional Forex market players can profit from cooperation with FXsuccessUK: the former get a splendid opportunity to decrease their losses and the latter receive additional income from their successful trade operations.

Today the major concept we adhere to in our business is the high quality of the provided service and it will remain so in the future. We can always ready to support our clients taking their part in case any disputes with the broker arise, providing competent consulting and helping them to achieve good results in their trading activity.

Our prime objective is to become one of the world's leaders in providing rebate services. And we are sure that our efficiency combined with an individual approach to each client with help us in this.
Visit Now: www.fxsuccess.co.uk