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Forex 26/September 2012 Forecast

GBPUSD GBPUSD made another one attempt to break below 1.6162 (S1) without any success as the last week has increased the pressure on that level, making it strong technical and psychological important for the bears. If the pair do not manage to break below 1.6162 (S1), it is expected the price to continue moving between 1.6271 (R1) and 1.6162 (S1). However, a break above 1.6300 will confirm the bullish trend as the daily outlook remains bullish. On the other hand a break below 1.6162 (S1) will open the doors for a full retracement towards 1.6084 (S2) as is the most likely scenario. EURUSD EURUSD is under selling pressure as it broke below the psychological level of 1.2900 – 1.2890, and it seems that sellers are aiming to push the price lower towards the uptrend trendline at 1.2700 areas. Support levels remains at 1.2817 (S1) and 1.2749 (S2) while our resistance levels can be found at 1.2971 (R1) and 1.3047 (R2). OIL OIL fell below the psychological level of 90.61 and is now a
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Forex 20/September 2012 Forecast

EURSD EURUSD could not overcome 1.3083 (R1) and fell breaking below the psychological level of 1.3015 (S1), triggering our short positions targeting 1.2930 (S2). The euro came under pressure this morning after disappointed data from EMU (Construction Output came negative) as the German DAX30, the FrenchCAC40 and Italian FTSE are showing bearish movements the last 2 days falling at almost -0.17% and -0.35% range. Fundamentally, we look towards the US Session where MBA Mortgage Applications are due at 11:00 GMT, House Starts and Building Permits at 12:30 GMT, while Existing Homes Sales is due at 14:00 GMT. GBPUSD GBPUSD – The last month the pair continued its impressive upwards trend, reaching a high this week at 1.6273 (R1), a level that has been retested twice without bulls managing to break above it. Following that, the pair fell almost a 50 pips after retesting 1.6204 (S1), with a clear sign of declines as sellers aiming to breach the uptrend trendline that
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EURUSD Market Intraday Analysis

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EURUSD MARKET ANALYSIS - Intraday Analysis EURUSD rise from 1.2810 (S2) and made a sharp move upwards breaking above our yesterday’s first resistance level of 1.2870 (S1), closing positive around 1.2900 ending our day with profit. There have been efforts to increase since yesterday’s session and we believe that rate will move towards higher levels with aim to be high of 1.2971 (R1), a strong technical and psychological level. Ultimately, if the price breaks below the 1.2810 (S2), then it is expected to retrace towards 1.2750 (S3) and further fall will then be limited at 1.2692 (S3).
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Elliott Wave Count AUDUSD Daily

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We are within a ABCDE triangle correction, with that respect, we believe AUDUSD will target 0.9780 in a couple weeks to finish the pattern, note this pattern is a correction and 0.9780 will complete wave 4, after that we will have another upward wave 5, we will post another screenshot soon. Subscribe to this blog to receive further update
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Forex 12/September 2012 Forecast

EURUSD A break above Friday’s highs at 1.2826 (R1), it is expected price to test the psychological level of 1.2892 (R2). GBPUSD GBPUSD is attempting to break above 1.6033 (R1), today’s first resistance after the positive data came during the EU session that was reported at only £-7.149B in July, against consensus estimates of £-8.900B. In addition, the Trade Balance: non-EU also exceeded expectations by posting a result of £-2.877B in July, relative to expectations of £-4.500B. Key support remains at 1.5957 (S1) and 1.5909 (S2), while our resistance levels can be found at 1.6033 (R1) and 1.6085 (R2).   USDJPY USDJPY fell below the psychological level of 78.14 (S1), today’s first support level and opened the way for next support at 77.92 (S2), which the price tested twice during the EU session. Next key level comes at 77.66 (S2), as a break below that level will confirm the bearish trend over intraday and daily basis. More stops just below 77.66, but demand expected all th
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Super Trend Signal Mt4 Indicator

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See Why the Super Trend is the Most Consistently Profitable Trading Indicator  Super trend signal, no repaint, no false signal in sideway market         How Well does the Wave Trend do in Ranging Sideways Markets? The Wave Trend Keeps You Out of Unprofitable Markets Because it Can Not Trigger a Signal during Choppy Times. Works in All Time Frames !   And Daily Charts... Never Miss Another Profitable Trade Sound Alerts Enabled Email Send Alerts Enabled The Super Trend DOES NOT REPAINT DOES NOT PAINT IN ARREAR, Reversal Dots Paint at the Close of the Current Candle... Just the way we Want Them!! Price for this amazing indicator is only 37$ via Credit card or paypal, please send an email to forex3747@gmail.com to get details, then this indicator will be sent to your email after payment completed.
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