Forex Market ¨Technical Report of The Week Ahead¨

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/

 

 

 

XM/MT4 EUR/USD Daily Chart

 

 

 

 We observed a strong continuation of the current down trend, during last week, on friday we were witnesses of an extremely bully day candlestick, at that pointed the Relative strength Index against the current market direction, leaving us on doubt of the next price movement after this weekend the question was, do the price is looking for a strong reversal movement after this last week or is just market noise?

The point is that you may want to wait for the price to define it next move because according to this 2012 chart where the price made a +300 pips reversion we cannot be sure that this same scenario is going to repeat but we must wait at least a small reversion move from the price.

So if you´re short in the mid-term you must for the price to normalize it direction before enter a trade.

These are the most important support and Resistance levels for this week:

Support 1 @1.2437 (2012)

Support 2 @1.2356 (2012)

Resistance 1 @1.2733 (Oct, 2014)

Resistance 2 @1.2833 (Oct, 2014)

 

XM/MT4 GBP/USD Daily Chart

 

 

 

 

 

During last week we could observe and trade an extremely down trend continuation, during friday the price finished the weekly session with a 40 pip gain against the minimum of the year, that would probably be a reversal starting point specially for the tail at the daily candle bottom, besides of the reference of 2013 where the price bounced at this same level during a horizontal market.

We must be alert of any price change during monday and Tuesday and cover out orders at any sigh of weakness.

 

These are the most important support and Resistance levels for this week:

Support 1 @1.5897 (2013)

Support 2 @1.5651 (2013)

Resistance 1 @1.6003 (November, 2014)

Resistance 2 @1.6116 (October, 2014)

 

XM/MT4 USD/CHF Daily Chart

 

 

 

 

We observed the thursday of last week how the price made an extreme bear candle on friday that took almost the whole thursday gains away when it made -70 pips leaving the price at 0.9661, under the october maximum, we went back in time to find a historic move at this same levels and this is what we could find on 2013.

As we ca see the price made a similar formation and it went doe}wn for around one month, this is not a secure reversal movement but is a sigh for us to cover our positions at any change of direction. 

These are the most important support and Resistance levels for this week:

Support 1 @0.9465 (November, 2014)

Support 2 @0.9394 (October, 2014)

Resistance 1 @0.9721  (2013)

Resistance 2 @0.9780 (2013)

 

 

XM/MT4 USD/JPY Daily Chart

 

 

 

 

The pair is now under a big bull pressure and product of that has  been growing +700 pips in less than two weeks, this is not a healthy growing rhythm of the market because   of the gravity rule, extreme increases of the price  can probably take to extreme down movements, and we cannot tell that this is what is going to happen with the pair this next week but we´re sure that we´re close to a reversal zone.

The market cannot grow so much without at least one reversion and then a big pullback another fact that tell us what is next is the extreme distance between the current price and the 250 day EMA, that is showing us that is time for the price to get a little closer.

 

These are the most important support and Resistance levels for this week:

 

Support 1 @109.58 (October, 2014)

Support 2 @108.16 (November, 2014)

Resistance 1 @114.06 (2007)

Resistance 2 @117.61 (2007)

 

 

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

forex divisas trading dinero mercado economia dinero rapido donde invertir

Forex Market ¨Technical Report of The Week Ahead¨

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/

XM/MT4 EUR/USD Daily Chart

 

After a 190 day short trend the price is still falling down looking for a possible target @ 1.2500 of October 5th, 2014, as the long-term EMA and the price movement itself shows there are more than 100 pips left to hit that target so we must wait for some reversal movements that are natural in a healthy trend.

These are the most important support and Resistance levels for this week:

Support 1 @1.2500 (Oct 05, 2014)

Resistance 1 @1.2732 (Oct 08, 2014)

Resistance 2 @1.2806 (Oct 16, 2014)

XM/MT4 GBP/USD Daily Chart

 

The same way the EUR/USD, the pair is continuing with the falls, this time for 68 consecutive days, we were able to find the next target for the price @ 1.5934 from exactly a year ago, this target is @ 70 pips from the current price so we must take care and cover our trades at any signal of a change of direction.

These are the most important support and Resistance levels for this week:

Support 1 @1.5934 (October 23, 2013)

Resistance 1 @1.6153 (October 20, 2014)

Resistance 2 @1.6381 (September 23, 2014)

XM/MT4 USD/CHF Daily Chart

 

The pair is still moving into the 126 day long trend, currently recovering from a reversion @ 0.9394 during last week, we´re able to detect a possible next target for the price  @ 0.9666 of October 6th

These are the most important support and Resistance levels for this week:

Support 1 @0.9408 (October 15, 2014)

Resistance 1 @0.9666  (October 07, 2014)

XM/MT4 USD/JPY Daily Chart

 

The same way the USD/CHF currency pair is advancing up and up the USD/JPY is too.

This is a 60 day long trend with a little reversion last week but totally gotten over by the price, we found a target @ 109.77 of October 1st, as we can appreciate this target is plus 200 pips away from the current price that is enough to suppose a reversion between these levels.

These are the most important support and Resistance levels for this week:

Support 1 @105.89 (October 15, 2014)

Resistance 1 @109.85 (October 10, 2014)

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

forex divisas trading dinero mercado economia dinero rapido donde invertir

Forex Market ¨Technical Report of The Week Ahead¨

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/

 

 

 

XM/MT4 EUR/USD Daily Chart

 

 

 

 

The pair continues with the 65 day down trend that behaved normally and constant during these last days, at this point we must wait for some reversal movement but we talked about an important support level of 2013 but seems that the level has been reached and the price jump over it with no hesitation, now the next target in the history remains +300 pips away from the current price so we must be a little relaxed about an aggressive reversal movement till a hit on the next target @1,2636, if the price passes that level we´ll be waiting for a hit @1,2436.

 

These are the most important support and Resistance levels for this week:

Support 1 @1.2636 (Jan 15, 2012)

Support 2 @1.2436 (Jun 03, 2012)

Resistance 1 @1.3677 (July 01, 2014)

Resistance 2 @1.3909 (May 07, 2014)

 

XM/MT4 GBP/USD Daily Chart

 

 

 

 

 

The pair continue with a 47 day down trend and after finding a support level @1.6103 is now trying to recover the 200 pip reversion, at this point we must watch and cover our positions in case of a non planned price movement, we must remember that even if the price rises and passes the last top of the reversal level of last week, we must consider that the price´s actually and still down the 250 period EMA so we must count that we´re still in the right direction.

 

These are the most important support and Resistance levels for this week:

Support 1 @1.6100 (September 09, 2014)

Support 2 @1.5916 (November 04, 2013)

Resistance 1 @1.6384 (September 19, 2014)

Resistance 2 @1.6601 (August 29, 2014)

 

XM/MT4 USD/CHF Daily Chart

 

 

 

 

During this week we can still appreciate a massive acceleration of the price movements the same way we analyzed with EUR/USD currency pair except that much more vertically, we commented about an important resistance level that has been reached and passed without a price bounce, at this point we and considering the trend verticality we can wait for an aggressive reversal movement at anytime during this week so we must be aware of any possibility of a change of direction, covering our positions and reducing the lot size of the new ones.

 

These are the most important support and Resistance levels for this week:

Support 1 @0.9316 (September 19, 2014)

Support 2 @0.9176 (September 05, 2014)

Resistance 1 @0.9641 (June 30, 2013)

Resistance 2 @0.9705 (May 19, 2013)

 

XM/MT4 USD/JPY Daily Chart

 

 

 

 

For the third week we can observe an extremely vertical trend, in this case the price advanced last week much more than expected, these types of movements can be as profitable as dangerous because the same way of the market grows it could fall, remember that old Wall street said, ¨to make the price go up we need buyers, to make the price fall, we do not need nothing¨ i call it the gravity of the markets, we keep reminding you these aspects in this week´s report.

 

 

The next target for this pair is 90 pips away from the current price, the price doesn´t hit this level since 2008 and as we can observe in the chart this is a very important leve where in the past the price began a long and vertical trend that moved the price hundreds of pips down, once there we recommend to be aware of where the market moves and at any change you must cover your positions and reduce the lot size of the new ones.

 

 

These are the most important support and Resistance levels for this week:

 

Support 1 @101.40 (July 20, 2014)

Support 2 @ 97.18 (October 20, 2013)

Resistance 1 @110.78 (May, 2008)

 

 

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

forex divisas trading dinero mercado economia dinero rapido donde invertir

Forex Market ¨Technical Report of The Week Ahead¨

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/

 

 

 

XM/MT4 EUR/USD Daily Chart

 

 

 

 

The pair continues with the 65 day down trend that behaved normally and constant during these last days, at this point we must wait for some reversal movement but we talked about an important support level of 2013 but seems that the level has been reached and the price jump over it with no hesitation, now the next target in the history remains +300 pips away from the current price so we must be a little relaxed about an aggressive reversal movement till a hit on the next target @1,2636, if the price passes that level we´ll be waiting for a hit @1,2436.

 

These are the most important support and Resistance levels for this week:

Support 1 @1.2636 (Jan 15, 2012)

Support 2 @1.2436 (Jun 03, 2012)

Resistance 1 @1.3677 (July 01, 2014)

Resistance 2 @1.3909 (May 07, 2014)

 

XM/MT4 GBP/USD Daily Chart

 

 

 

 

 

The pair continue with a 47 day down trend and after finding a support level @1.6103 is now trying to recover the 200 pip reversion, at this point we must watch and cover our positions in case of a non planned price movement, we must remember that even if the price rises and passes the last top of the reversal level of last week, we must consider that the price´s actually and still down the 250 period EMA so we must count that we´re still in the right direction.

 

These are the most important support and Resistance levels for this week:

Support 1 @1.6100 (September 09, 2014)

Support 2 @1.5916 (November 04, 2013)

Resistance 1 @1.6384 (September 19, 2014)

Resistance 2 @1.6601 (August 29, 2014)

 

XM/MT4 USD/CHF Daily Chart

 

 

 

 

During this week we can still appreciate a massive acceleration of the price movements the same way we analyzed with EUR/USD currency pair except that much more vertically, we commented about an important resistance level that has been reached and passed without a price bounce, at this point we and considering the trend verticality we can wait for an aggressive reversal movement at anytime during this week so we must be aware of any possibility of a change of direction, covering our positions and reducing the lot size of the new ones.

 

These are the most important support and Resistance levels for this week:

Support 1 @0.9316 (September 19, 2014)

Support 2 @0.9176 (September 05, 2014)

Resistance 1 @0.9641 (June 30, 2013)

Resistance 2 @0.9705 (May 19, 2013)

 

XM/MT4 USD/JPY Daily Chart

 

 

 

 

For the third week we can observe an extremely vertical trend, in this case the price advanced last week much more than expected, these types of movements can be as profitable as dangerous because the same way of the market grows it could fall, remember that old Wall street said, ¨to make the price go up we need buyers, to make the price fall, we do not need nothing¨ i call it the gravity of the markets, we keep reminding you these aspects in this week´s report.

 

 

The next target for this pair is 90 pips away from the current price, the price doesn´t hit this level since 2008 and as we can observe in the chart this is a very important leve where in the past the price began a long and vertical trend that moved the price hundreds of pips down, once there we recommend to be aware of where the market moves and at any change you must cover your positions and reduce the lot size of the new ones.

 

 

These are the most important support and Resistance levels for this week:

 

Support 1 @101.40 (July 20, 2014)

Support 2 @ 97.18 (October 20, 2013)

Resistance 1 @110.78 (May, 2008)

 

 

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.

forex divisas trading dinero mercado economia dinero rapido donde invertir

How to Understand the Right Side of the Charts

In last posts I’ve been talking about technical analysis and how to survive the markets, how to trade with the right mentality and another facts, the thing is that we all get scared when the time of real trading comes and you look at the right side of the chart especially when you open a trade and you start to think outside of your system, you maybe find that you had a poor analysis or base to open that trade, then as the market advance and the right side of the chart moves and shows the truth you could be calmed as your position make any profit or extremely scared as your trade shows a minimal lose.

Well the first thing we must confront is that the chart never lies and it is as fair as you can imagine, we cannot imagine a world where you watch your chart and it´s moving on long movements and you wait for a short just because you think the market´s going to move down, it will never be that way.

I say that the market is fair because it prize the good, disciplined, humble and smart traders account and destroy the amateurs, ignorant and not prepared traders, it is just like that fair, it is as the life itself, you receive what you grow, if you take $1000 of your pocket without a real training, not just that free e-book that brokers give you for opening an account, you´ll probably end with a margin call in less than a week, it could be less time, you´ll have more luck if you bet that amount at a casino.

We´ll never know what´s next, even with a hundred years of experience, even Warren Buffet ignores what´s next, the thing is that we cannot predict the future, and I bet that you have heard this more than one time, we get to work with what we have now, analyze, measure, trade and hope to be right, but even the higher risk with the best of the basis can result in great profits.

As Alexander Elder said, the past is concrete and clear, the future is fluid and not concrete, when you see the market is going out of your analysis, cut loses and get immediately out of the market.

These are some techniques for making a basic but effective prognostic of the future movements

• Analyze maximums and minimums, in a rising trend, higher maximums and lower minimums are a good sigh.
•  Drawing Trend lines is the simplest, easiest and effective wait to find entry points in the chart, it has been the first indicator through the history and still effective.
• Using an Exponential Moving Average of at least 13 periods, the price over or under the EMA is a sigh of a trend.
• Indicators as MACD and Directional System will help to identify the trends.

forex divisas trading dinero mercado economia dinero rapido donde invertir