Today is Mon, October 22, 2018 6:42:55 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

Top Trade Idea For November 6th, 2014 – EURUSD

Into this ECB day I would like to place pending buy limit orders to go long on any move below 1.2440 area, having a stop loss at 1.2300 and a take profit at 1.2880 After last week’s analysis on the eurusd brought us some nice profits as the target of 1.2337 was reached, I would […]

Massive support level breaking in AUDUSD

The AUDUSD pair is finally looking like being broken today, following an inability to do so for 2014 YTD. Given the long term trend in place, this looks like it could bring about a sustained downward move in the pair. The monthly chart below gives a good indication of the trend seen in the pair, […]

AUD/USD Breaks 5 Week Range, is EUR/USD Next?

Talking Points: AUDUSD loses 5-week support near $0.8641. EURUSD faces October lows ahead of ECB tomorrow. Monetary Policy on Trial with RBA, ECB, and NFPs this Week Even as futures speculators sit on the largest notional US Dollar long position in history, there is clearly appetite for more greenbacks in the near-term as the world […]

Top Trade Idea For November 5th, 2014 – GBP/USD

The US elections are now behind us, and as widely anticipated, Republicans have solidified their lead in the House of Representatives and seized control of the Senate. For the next two years, the legislative branch of the government will be controlled by the Republican majority, whereas the executive branch (President) is Democratic. While the Republicans’ […]

Chart Of The Day For November 5th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2428, 1.2286, 1.2145 Resistance:1.2603, 1.2713, 1.2886 The Euro sank to the lowest level in over two years against the US Dollar, with sellers claiming a foothold below the 1.25 figure. A daily close below the 38.2% Fibonacci expansion at 1.2428 exposes the 50% level at 1.2286. Alternatively, a turn above the […]

Falling Oil Prices to Punish the Loonie

Forex traders live for volatility. Significant asset price moves provide for more market opportunities. Currency traders do not care what direction prices move, so long as they move. This is a significant week when it comes to scheduled economic events with three major central banks making statements and the release of monthly U.S. jobs data. […]

AUD/USD, EUR/USD Test Range Lows, NZD on the Edge

Talking Points: AUDUSD, NZDUSD hold October swing lows on test. EURUSD seeing follow through on yesterday’s hammer. Monetary Policy on Trial with RBA, ECB, and NFPs this Week  The US Dollar’s rally is starting to feel a bit long in the tooth now, even after the Bank of Japan’s wildly overhyped easing measures propelled USDJPY […]

Top Trade Idea For November 4th, 2014 – USD/JPY

Good day to everyone! In today’s article we will take a look at the most interesting pair of the past few day, which should be USDJPY that broke to new highs of the year, slightly above 114 so far, after the FED ended the QE program last week. At the same time we also see […]

Chart Of The Day For November 4th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2316, 1.2140, 1.1963 Resistance:1.2534, 1.2723, 1.2886 The Euro sank to the lowest level in over two years against the US Dollar, with sellers claiming a foothold below the 1.25 figure. A daily close below the 38.2% Fibonacci expansion at 1.2316 exposes the 50% level at 1.2140. Alternatively, a turn above the […]

Aussie Dollar Drops on Chinese Data, Pound at Risk on Soft PMI Report

Talking Points: Australian Dollar Sinks Following Soft Chinese Manufacturing PMI Report US Dollar May Look Past Soft ISM Print After Jumping to Four-Year High Pound at Risk if Slowing Factory Sector Trims BOE Rate Hike Speculation The Australian Dollar underperformed to start the trading week, sliding as much as 0.7 percent on average against its […]

Top Trade Idea For November 3rd, 2014 – EUR/USD

Since the early May 2014 high at 1.3993, the EUR/USD daily chart has been clearly in a downtrend. By early October, it reached 1.25 and arguably, a move lower towards 1.20 may only be months away. For now though, we feel that the move lower over the past few weeks is overdone and that EUR/USD […]

Chart Of The Day For November 3rd,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2500, 1.2316, 1.2140 Resistance:1.2737, 1.2886, 1.3000 The Euro continues to press downward against the US Dollar, with prices probing the lowest levels in over two years. Near-term support is in the 1.2500-34 area, marked by the October 3 low and the 23.6% Fibonacci expansion, with a daily close below that exposing […]

Top Trade Idea For October 31st, 2014 – AUD/USD

The US Dollar continued to rally after Wednesday’s FOMC meeting while gold has dropped quite sharply. For technical traders this poses the question of whether the major $US is about to resume. In most cases, the correction in the $US has been relatively shallow so far. As the chart below shows, the Aussie Dollar, for […]

Chart Of The Day For October 31th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2500, 1.2316, 1.2140 Resistance:1.2746, 1.2852, 1.3070 The Euro appears to be returning to the down trend against the US Dollar after completing a Flag continuation pattern last week. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion exposes the 38.2% level […]

Ranges Persist in USD-Pairs Post-FOMC Meeting

Talking Points: AUDUSD can’t quite break through $0.8900. EURUSD, GBPUSD stuck in month-long ranges. Target on US Dollar’s Back this Week with FOMC, GDP Due The FOMC threw the US Dollar a bone yesterday by leaving its name absent from its policy statement. Weeks earlier, policymakers queued the US Dollar up for disappointment, when it […]

Chart Of The Day For October 30th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2500, 1.2316, 1.2140 Resistance:1.2759, 1.2852, 1.3070 The Euro looks to be resuming its down trend resumption following the completion of a Flag chart formation. Near-term support is in the 1.2500-34 area, marked by the October 3 low and the 23.6% Fibonacci expansion, with a daily close below that exposing the […]

Top Trade Idea For October 30, 2014 – EURUSD

FOMC statement the other day brought nothing but a new wave of US dollars buyers and the eurusd is the pair that suffered the most given the bullishness of the Fed and the bearishness of the ECB. As a consequence, the eurusd pair broke out of an ugly triangle on the hourly chart, a triangle […]

FOMC to Play It Safe

Investors are content to sit on the sidelines, waiting for the Federal Reserve to wrap up its two-day Federal Open Market Committee (FOMC) meet. The dollar is mostly unchanged against the major pairs in a narrow overnight trading range. For many, there is no incentive to trade aggressively ahead of FOMC rate decision later this […]

US Dollar May Rise as Status-Quo FOMC Clashes with Dovish Market Bets

Talking Points: FX Markets to Look Past European News-Flow, Focus on FOMC Outcome US Dollar to Rise if Static Fed Statement Clashes with Dovish Market Views See Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in European trading hours is likely to see traders looking ahead to what […]

Chart Of The Day For October 29th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2500, 1.2316, 1.2140 Resistance:1.2805, 1.2852, 1.3070 The Euro drifted higher against the US Dollar in a move that appears corrective in the context of last week’s Flag breakout marking bearish trend resumption. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion […]

Powered by DayLife