Forex Analysis
Torben Melsted
2014-09-23 10:29:23 UTC+00 3 hours, 52 min. ago
The correction in wave ii has become slightly more complex, that first anticipated, but it does not change anything in the slightly larger pricture. So, it should be just a matter of time before the next rally towards strong resistance at 143.79 takes over.
Sebastian Seliga
2014-09-23 09:07:09 UTC+00 5 hours, 14 min. ago
None of the important key levels has been invalidated yet, so traders must wait for the market to make up its mind and give more clues about further price movement. Nevertheless, the corrective structure labeled as abc purple looks completed and market might start to rebound impulsively to the upside to continue the purple wave progression. This count is valid as long as the level of 139.16 is not violated.
Sebastian Seliga
2014-09-23 08:56:27 UTC+00 5 hours, 25 min. ago
After breaking the golden trendline the market is following the anticipated main wave progression where first three waves has been done already and now internal corrective cycle is due. When the correction is completed (triangle pattern is very possible), then new high above the level of 1.1097 should be done. Only a valid breakout below the weekly pivot at the level of 1.0979 would invalidate the view.
Alexandros Yfantis
2014-09-23 08:53:18 UTC+00 5 hours, 28 min. ago
The Dollar index is consolidating near its highs and lacks the strength to continue its upward move towards 85. The 85 level is a very strong long-term resistance that should be treated with extreme caution. Trend remains bullish and bears should be very cautious and trade with a tight stop loss.
Alexandros Yfantis
2014-09-23 08:34:00 UTC+00 5 hours, 47 min. ago
Gold price continues to bounce higher towards short-term resistance of $1,225-$1,230. Longer-term trend remains bearish. The upward bounce is of a corrective nature and I expect selling pressures to resume and push Gold price to new lows. The sell signal will come once Gold price breaks below $1,215.
Joseph Wind
2014-09-23 05:21:19 UTC+00 9 hours ago
The pair will face some selling pressure below 0.9380 towards 0.9360. Strong selling will emerge only below 0.9360 with downside targets at 0.9350, 0.9340, and 0.9330.
Arief Makmur
2014-09-23 03:44:14 UTC+00 10 hours, 37 min. ago
When the European market opens, some economic news will be released such as French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Flash Manufacturing PMI, Flash Services PMI. The US will release the economic data too such as the HPI m/m, Flash Manufacturing PMI, Richmond Manufacturing Index, so amid the reports, EUR/USD will move with low volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2911. Strong Resistance:
Arief Makmur
2014-09-23 03:43:23 UTC+00 10 hours, 38 min. ago
In Asia, Japan will not release any economic data, but the US will release some economic data such as HPI m/m, Flash Manufacturing PMI, Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during the day. TODAY TECHNICAL LEVELS: Resistance. 3
Joseph Wind
2014-09-23 03:27:38 UTC+00 10 hours, 53 min. ago
The prices have been holding 12ema at 177.90, below this, 177.50 and 176.50 are the major support levels.
Harsh Japee
2014-09-23 02:26:26 UTC+00 11 hours, 55 min. ago
Technical analysis and trading recommendations for EUR/JPY for September 23, 2014. The EUR/JPY pair has corrected up to 139.50/60 levels after printing highs at 141.20/30 levels last week.
Harsh Japee
2014-09-23 02:14:03 UTC+00 12 hours, 7 min. ago
Technical analysis and trading recommendations for GBP/CHF for September 23, 2014. The GBP/CHF pair is ready to extend its fall into the 1.5200's from current price of 1.5480.
Harsh Japee
2014-09-23 01:58:56 UTC+00 12 hours, 22 min. ago
Technical analysis and trading recommendations for Silver for September 23, 2014. Silver could be preparing for a pullback into the $18.60/$19.00 region at least, which is past support turned resistance zone.
Joseph Wind
2014-09-23 01:50:09 UTC+00 12 hours, 31 min. ago
The pair has hourly support at 1.6350 and 1.6315, below this, 1.6280, 1.6246 and 1.6160 levels. Risky traders can buy with sl 1.6350 and safe traders buy with sl 1.6315.
Harsh Japee
2014-09-23 01:45:47 UTC+00 12 hours, 35 min. ago
Technical analysis and trading recommendations for Gold for September 23, 2014. Gold looks initiating a pullback/reversal from current levels around $1,215.00/17.00
Azeez Mustapha
2014-09-23 00:54:47 UTC+00 13 hours, 26 min. ago
The EUR/USD is now trading below the resistance line at 1.2850, going towards the support line at 1.2800. That support line is an easy target for the bears, because the possibility of the price testing it is very high.
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