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 is at a strong 85 long, short trend, we can appreciate  a strong GAP formed during the weekend, apparently the GAP is making a weakness point of the current trend, at this point the price may look for a touch at the long term trend line, possibly at 1.3565, an old test point and then we must wait for a possible pullback.

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

Support 1 @1.3160 (09/09/2013)

Support 2 @1.3117 (10/09/2013)

Resistance 1 @1.3398 (August 08, 2014)

Resistance 2 @1.3617 (July 10, 2014)

XM/MT4 GBP/USD Daily Chart

As we predicted during last weeks, the price has now touched the long term EMA, we can wait for a reversal movement for the next hours but the current trend confirmation is almost a fact, we recommend to stay alert for direction changes and cover your orders at the first opposite signal.

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

Support 1 @1.6570 (Apr 07)

Support 2 @1.6479 (March 21)

Resistance 1 @1.6728 (August 18)

Resistance 2 @1.6815 (August 12)

XM/MT4 USD/CHF Daily Chart

Contrary to EUR/USD currency pair, the USD/CHF is currently testing an important historic level @ 0.9760 during a strong long term trend, we can see a similar GAP and movement compared to EUR/USD pair, we can wait for a reversal movement searching for a touch @ the long term trend line @ 0.9070.

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

Support 1 @0.9024 (August 15, 2014)

Support 2 @0.8970 (July 18, 2014)

Resistance 1 @0.9160 (Jan 21, 2014)

Resistance 2 @0.9226 (Nov 11, 2013)

XM/MT4 USD/JPY Daily Chart

The price is finally breaking the top of a 150 days horizontal channel, we´re not able to confirm the continuation of the long trend until the price passes the 104.55 level of Jan, 22th, at this moment, the traders must be looking for long trading with a target @ 105.27, last year´s highest point reached.

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

Support 1 @103.25 (March 11, 2014)

Support 2 @102.60 (June 05, 2014)

Resistance 1 @104.51 (Jan 21, 2014)

Resistance 2 @104.22 (Jan 02, 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.

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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 is showing a strong short trend with a possible reversal point @ 1.3357 searching for a target @ 1.3455 marked by the long term trend line, next to this level we must wait for a continuation pattern.

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

Support 1 @1.3455 (30/07/2014)

Support 2 @1.3255 (07/30/2013)

Resistance 1 @1.3531 (June 19, 2014)

Resistance 2 @1.3692 (July 01, 2014)

XM/MT4 GBP/USD Daily Chart

We continue watching the price breaking the long term trend line and moving closer to the long term EMA, at this point is not rare to wait for more shorts along this week.

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

Support 1 @1.6561 (Apr 04)

Support 2 @1.6479 (March 21)

Resistance 1 @1.6900 (May 23)

Resistance 2 @1.6976 (May 13)

XM/MT4 USD/CHF Daily Chart

The price is at the beginning of a possible long and strong rising trend, a big negative candlestick is pointing at a possible return of the short movement, but until this happens we must wait for the price to hit the long term trend line and get back to the long trend.

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

Support 1 @0.8911 (July 11, 2014)

Support 2 @0.8866 (July 01, 2014)

Resistance 1 @0.9090 (Aug 04, 2014)

Resistance 2 @0.9229 (Nov 11, 2014)

XM/MT4 USD/JPY Daily Chart

Last weeks we´ve been following an horizontal movement that now has 149 days long and things seems to keep that way, the price is currently dancing over the long term EMA, without finding a defined direction, for the moment we must trade between the top and bottom of the channel expecting for a reversal pattern or a continuation of the last trend direction.

Technical Opinion

Horizontal channel with estimated top @ 102.90 and bottom @ 101.19

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.

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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 is now down the long-term EMA, and is now testing a support level @1.3385 of August, 2013, we are currently waiting for a reversal movement with a target @ 1.3476 marked by the long-term trend line, if this happens this would be the fourth consecutive touch of the trend line and a possible confirmation of a continuation of the down movement.

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

Support 1 @1.3385 (08/21/2013)

Support 2 @1.3254 (07/30/2013)

Resistance 1 @1.3639 (Jul 11, 2014)

Resistance 2 @1.3756 (Feb 19, 2014)

XM/MT4 GBP/USD Daily Chart

We talked in our last week report about a break of the rising long-term trend and a possible strong reversal movement, well this is what is actually going on with the pair that apparently is searching for a lower target, maybe @1.6703, a support level of Apr 25th, 2014, the price isn´t crossing down the long-term EMA so we recommend to trade carefully because a pull back can occur at any time under this conditions and the rising trend can continue untill the next target.

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

Support 1 @1.6703 (Apr 25)

Support 2 @1.6476 (March 24)

Resistance 1 @1.6972 (May 07)

Resistance 2 @1.7167 (July 07)

XM/MT4 USD/CHF Daily Chart

The price just crossed the long-term EMA and after a reversal level is looking for a target @ 1.9042 marked by the long-term trend line, then the price will probably get back to the rising movements, by a rebound on the trend line with a next target @1.9117 level.

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

Support 1 @0.9001 (June 13, 2014)

Support 2 @0.8909 (July 11, 2014)

Resistance 1 @0.9092 (Aug 04, 2014)

Resistance 2 @0.9193 (Nov 13, 2014)

XM/MT4 USD/JPY Daily Chart

The price is now in the middle of a weak and almost horizontal down channel and just testing a support level @102.16 of  July 07, we recommend a careful trading over this level because the price´s still up the long-term EMA so there´s a chance of the price to get back to the long-term rising trend.

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

Support 1 @102.01 (Aug 07, 2014)

Support 2 @101.22 (Jul 18, 2014)

Resistance 1 @102.76 (Aug 04, 2014)

Resistance 2 @103.90 (Apr 04, 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.

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The 8 Rules of a Good Forex/Stock Trader

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

1. Prepare to be a trader for the rest of your life

2. Do not be greedy, take your time to learn 

3. Learn as much as you can

4. Develop your own trading system or at least try to get one 

5. Develop a money management system

6. Your first goals are (A. Survive to the markets, B. Constant growing of your trading account, C. High incomes)

7. Avoid impulsive trading

8. Eliminate  the illusions, change to a realist mentality

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The Week Ahead Technical Report of Forex Market

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

By Ronald David Fallas

XM/MT4 EUR/USD Daily Chart

The pair is dropping on a strong down trend of almost two months long and is now testing a horizontal support @ 1.3388, we may wait for a confirmation and a possible target @ 1.3466 if a reversal pattern is made. For a continuation of the current trend we should search for a minimal target @ 1.3366 of nov, 2013 support level.

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

Support 1 @1.3366 (11/2013)

Support 2 @1.3252 (08/2013)

Resistance 1 @1.3615 (10/2013)

Resistance 2 @1.3690 (June 27)

XM/MT4 GBP/USD Daily Chart

The pair is under a break of a 184 days positive trend and is searching for a cross at the long-term EMA, we´re actually watching a confirmation of a reversal level starting shorts @ 1.6929 with a first target @ 1.6696, the first support level since may.

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

Support 1 @1.6698 (May 29)

Support 2 @1.6476 (March 24)

Resistance 1 @1.6972 (May 07)

Resistance 2 @1.7167 (July 07)

XM/MT4 USD/CHF Daily Chart

After a break of a 166 days down trend, the price finally crossed the long-term EMA and it´s looking for a support level @ 0.8985 of Jan 13, then the price will probably returns to it rising trend and may find a first target @ 0.9131 of Oct 2013.

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

Support 1 @0.8912 (June 05)

Support 2 @0.8865 (July 01)

Resistance 1 @0.9131 (Oct 2013)

Resistance 2 @0.9223 (Nov 2013)

XM/MT4 USD/JPY Daily Chart

The USD/JPY pair is testing a resistance level @ 102.82 of a smooth down trend of 158 days and it´s looking for a first target @ 102.62 of July 16, however the down trend is apparently a secondary trend because the price is still up the long-term EMA, for that reason we must be careful for a continuation of the longer term trend.

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

Support 1 @101.38 (May 19)

Support 2 @100.96 (Feb 03)

Resistance 1 @102.76 (July 31)

Resistance 2 @103.93 (Apr 04)

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.

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Is the EUR/USD still going down or will it recover from the down fall the last week?

The EUR/USD is testing the 1.36 level and according most of the analyst it depends of how much pips the pair will avance during the first hour of this new week, if the price goes under 1.355 it would be a confirmation that the long term trend is changing it direction and the price probably find a support at 1.348. On the other side if the price goes over 1.365 we will be in presence of a cofirmation of the continuation of the current trend where the price probably go to 1.375 until it find a strong resistance level.

We are in front of two different and strong scenarios based in technical analysis but we can keep in mind a couple of facts that are the current strenght of the United States economy and the weaker conditions of the Euro Zone, that is an important aspect to count with before taking a trading desition.

Also the other most important pairs as the AUD/USD, NZD/USD, USD/CAD can be affected by these USD conditions, with the USD/JPY following the last mentioned pairs.

8 Gold Rules of Forex Trading

These are gold rules of Alexander Elder that every trader should follow to success in the fight against the market

1. Set a line between normal risk and loses

2. Define my maximum risk by less than 2% of my entire capital in every trade including delays and commissions

3. Having a trading roll book to register all your transactions

4. About the Stop-Loss, cut loses under your risk margin, avoid waiting for a change of direction, and use always a SL

5. Keep sober besides the success and profits

6. Only focus in secure and profitable transactions

7. ¨A sailor cannot control the tide, but instead he can control himself¨, study about patterns and behaviors, learn safe sailing techniques to know when to enter the market, and when to stay out of it

8. Study the market trends and avoid the emotional reactions

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