SubscribeI think EURO USD will get direction from EU Summit. Because now it is Make or Break time for european countries to end there debt crisis.
Thread: Technical Analysis.
I think EURO USD will get direction from EU Summit. Because now it is Make or Break time for european countries to end there debt crisis.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Technical Analysis.
GBP/USD
July 20, 2011.
Pivot Point: 1.6116
Overview:
The GBPUSD broke the resistance at 1.6015 and turned back to support a week ago. Therefore the pair has already formed a strong Support at 1.6084 on H4 chart, further rise could be formed a double top and traget would be at 1.6193. Moreover, after breaking 38.2% and start signing for Bullish market, it should be note that the price has been set above 50% Fibonacci Retracement level. As well, the RSI is still calling for uptrend on daily chart. Thus, according to previous events, the pair has still trapped between 1.6180 and 1.6015, so it is a good sign to Buy above 1.6200 with a first target of 1.6275, and continue towards 1.6325. Meanwhile, if the pivot point (1.6115) breaks and closure below it on H1 it will also a good sign to Sell below 1.6095 with a target of 1.5980.
Technical Levels:
R3: 1.6330
R2: 1.6253
R1: 1.6193
PP: 1.6116
S1: 1.6056
S2: 1.5979
S3: 1.5919
--- Update ---
Technical Analysis.
EUR/USD
July 20, 2011.
Pivot Point: 1.4147
Overview:
As expected, the EUR/USD's turbulent rise from 1.3840 has extended further to as high as 1.4282 a week ago. It should be noted that the price has still been trapped between 50% Fibonacci Retracement levels and 61.8%, Moreover, after it couldn't close below 50% Fibonacci Retracement, the market started showing the signs of Bullish market, and the price has been set above 50% Fibonacci five months ago (18th of March 2011). Therefore, the market indicates a Bullish opportunity on level of 1.4125 with a first target of 1.4250, and continues towards 1.4335. Meanwhile, the RSI is below 50 on daily chart, meaning it is still calling for downtrend on level of 1.4075 and continues Bearish towards 1.395.
Technical levels:
R3: 1.4373
R2: 1.4295
R1: 1.4225
PP: 1.4147
S1: 1.4077
S2: 1.3999
S3: 1.3929
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Great Levels Oracle Today i made good profit from you call. I will be sharing my statement soon
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
QuoteOriginally Posted by Zentrader View Post
Great work Oracle and others!!
I have made this thread sticky. Keep it going.
Thanks.
QuoteOriginally Posted by pgidia View Post
Thanks Zentrader, for your co-operation Oracle surely doing great job
Thanks.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Location
Location
Technical Analysis.
EUR/USD
July 19, 2011.
Pivot Point: 1.4085
Overview:
As expected, the EUR/USD's turbulent rise from 1.3840 has extended further to as high as 1.4282 a week ago. It should be noted that the price has still been trapped between 50% Fibonacci Retracement levels and 61.8%, Moreover, after it couldn't close below 50% Fibonacci Retracement, the market started showing the signs of Bullish market, and the price has been set above 50% Fibonacci five months ago (18th of March 2011). Therefore, the market indicates a Bullish opportunity on level of 1.4025 with a first target of 1.4250, and continues towards 1.4300. Meanwhile, the RSI is below 50 on daily chart, meaning it is still calling for downtrend on level of 1.4000 and continues Bearish towards 1.3850.
Technical levels:
R3: 1.4276
R2: 1.4204
R1: 1.4157
PP: 1.4085
S1: 1.4038
S2: 1.3966
S3: 1.3919
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Location
Location
Mumbai/Chennai
Posts
86
Accumulated bonus
204.45 USD
Thanks
15
Thanked 341 Times in 33 Posts
Great work Oracle and others!!
I have made this thread sticky. Keep it going.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think all JPY pairs there is speculation of Intervention by Japanese Bank, so probably they are looking more attractive at this levels
--- Update ---
Location
Mumbai, India
Posts
20
Accumulated bonus
4.35 USD
Thanks
3
Thanked 1 Time in 1 Post
If you will see for GBP USD on daily chart it is not able to close above 50 EMA and that has prevented this pair to go up. So breakout and close above 50EMA will confirm upward movement, what your view on that.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Technical Analysis and Trading Recommendations
EUR/USD
July 13, 2011.
Technical Levels:
R3: 1.4302
R2: 1.4181
R1: 1.4078
PP: 1.3957
S1: 1.3854
S2: 1.3733
S3: 1.3630
Overview:
The EUR/USD's subsequent sharp fall suggests that decline from 1.4227 and it could break Support at 1.4100. Therefore it was turned to Resistance, and the price has still trapped between 61.8% Fibonacci Retracement levels and 50%. Moreover, should be noted that on daily chart the RSI is still going down but if it is approaching from the RSI/30 then it will be saturation around 1.3825 to be possible to rebound the price, hence it is a good sign to sell below 1.4000 with a first target of 1.3875 and continue towards 1.3825. Meanwhile, it will also a good sign to Buy above 1.4080 with a traget of 1.4178.
Recommendations:
According to previous events the price still trapped between 1.4100 and 1.3900.
1. Below 1.4075 look for further downside again with a target of 1.3875.
2. Buy positions above 1.4080 with a target of 1.4178.
--- Update ---
So we can say NZD USD can be rangebound till some big movement either upside or downside and i think that wud be GDP news
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Technical Analysis
EUR/USD
July 12, 2011.
Pivot Point: 1.4081
Overview:
The EUR/USD's subsequent sharp fall suggests that decline from 1.4227 and it could break Support at 1.4100. Therefore it was turned to Resistance, and the price has still trapped between 61.8% Fibonacci Retracement levels and 50%. Moreover, should be noted that on daily chart the RSI is still going down, hence it is a good sign to sell below 1.4100 with a first target of 1.4040 and continue towards 1.3950. On other hand, if it is approaching from the RSI/70 then it will be saturation around 1.3907 to rebound the price.
Technical Levels:
R3: 1.4416
R2: 1.4322
R1: 1.4175
PP: 1.4081
S1: 1.3934
S2: 1.3840
S3: 1.3693
--- Update ---
Technical Analysis and Trading Recommendations
EUR/USD
July 13, 2011.
Technical Levels:
R3: 1.4302
R2: 1.4181
R1: 1.4078
PP: 1.3957
S1: 1.3854
S2: 1.3733
S3: 1.3630
Overview:
The EUR/USD's subsequent sharp fall suggests that decline from 1.4227 and it could break Support at 1.4100. Therefore it was turned to Resistance, and the price has still trapped between 61.8% Fibonacci Retracement levels and 50%. Moreover, should be noted that on daily chart the RSI is still going down but if it is approaching from the RSI/30 then it will be saturation around 1.3825 to be possible to rebound the price, hence it is a good sign to sell below 1.4000 with a first target of 1.3875 and continue towards 1.3825. Meanwhile, it will also a good sign to Buy above 1.4080 with a traget of 1.4178.
Recommendations:
According to previous events the price still trapped between 1.4100 and 1.3900.
1. Below 1.4075 look for further downside again with a target of 1.3875.
2. Buy positions above 1.4080 with a target of 1.4178.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Therefor, the price movement will be trapped between 1.4140 and 1.4417 (Fibonacci Retracement levels). Moreover With 1.4140 a major Support, there, the market will indicates a Bullish opportunity on level of 1.4200/1.4140, with a first target at Pivot Point (1.4281), then if break 1.4300 will be a breakout above this level with a second target at 1.4400. However, the best location for placing a stop loss should be below 1.4100.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
There are currently users online. members and guests
Threads:
Posts:
Member:
Thanks
Currently Active Users
