Tuesday, January 27, 2015

Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From January 25 to January 30, 2015

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XM/MT4 EUR/USD Daily Chart

 EURUSD
 The pair is still pushing down after a 142 day short trend that doesn´t show a single weakness point but the reversal movement of last week, the pair probably continue the down movements, specially after the greece news of the last week, if the pair proceed with the bearish movement it probably find a support level @1.0948 but in the mid time we must go short without hesitation because in the short term there is no possible scenario for a reversal of the trend direction.
These are the most important support and Resistance levels for this week:
Support 1 @1.0948 (2003)
Resistance 1 @1.1598 (Jan, 2015)
Resistance 2 @1.2472 (Dec, 2014)

XM/MT4 GBP/USD Daily Chart


 GBPUSD
Another extremely bearish scenario is what we can appreciate in the XM daily chart, 139 days long and doesn´t seem to stop here, ou contraire, looks like the price is actually looking for a target @1.4499 of 2010, we recommend to go short but taking the necessary money management rules for avoiding surprices from the market movements.
These are the most important support and Resistance levels for this week:
Support 1 @1.4499 (2010)
Resistance 1 @1.5246 (Jan, 2015)
Resistance 2 @1.5575 (December, 2014)


XM/MT4 USD/CHF Daily Chart


 USDCHF
After a massive bearish movement on January 15th the market just erase the +100 day of the USD earnings, at this hour the price is about to recover 50% of the movement but the verticality doesn´t help so much, we must be aware of any change of the direction and avoid operating under these conditions.
These are the most important support and Resistance levels for this week:
Support 1 @0.8371 (Jan, 2015)
Resistance 1 @0.9012 Jan, (2015)
XM/MT4 USD/JPY Daily Chart

 USDJPY
 There is a pretty possitive scenario for the US dollar against the Japanesse Yen, currently under something that can be the beggining of a reversal pattern, we can observe that the price has not been able to go farder than 121.32 and after that it couldn´t get back to the earning zone, at this scenario or at any ccurrent onditions we recommend to be aware of the price movement and covering our positions at any change of direction of the market.
These are the most important support and Resistance levels for this week:
Support 1 @116.10 (December, 2014)
Resistance 1 @120.53 (December, 2014)
Resistance 2 @121.56 (December, 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.

Sunday, January 4, 2015

Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From January 04 to January 09, 2015

More Free Valuable Info, Trading Systems and Tools @ http://forexsolutions.tk/
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XM/MT4 EUR/USD Daily Chart

 EURUSD
 The pair is still pushing down after a 137 day short trend that doesn´t show a single weakness point, we´re 2 pips away from 1.2000 and according to the chart analysis the next target for the pair is @1.1930 according to the weekly chart history.
These are the most important support and Resistance levels for this week:
Support 1 @1.1930 (2010)
Resistance 1 @1.2499 (Dec, 2014)
Resistance 2 @1.2556 (Nov, 2014)

XM/MT4 GBP/USD Daily Chart


 GBPUSD
The pound is not looking good against the US dollar, the friday daily candlestick of +100 pips confirmed the continuation of the short  trend that is +80 days long now and is looking forward for a next target @1.5089 of 2013, once there is a chance for a reversal movement but we must be alert at any change if direction during the next hours.
These are the most important support and Resistance levels for this week:
Support 1 @1.5089 (2013)
Resistance 1 @1.5583 (December, 2014)
Resistance 2 @1.5738 (December, 2014)


XM/MT4 USD/CHF Daily Chart


USDCHF
 The pair is looking ahead for a continuation of the 100 day long trend that has been advancing really smooth and predictable , we must wait for the price to hit its next target @1.0059, observing that is pretty close actually, once the price gets there we must be observing and alert because the probabilities of a reversal movement will increase and we must cover our positions at any change of the market direction.
These are the most important support and Resistance levels for this week:
Support 1 @0.9598 (December, 2014)
Support 2 @0.9560 (November, 2014)
Resistance 1 @1.0059  (2010)
XM/MT4 USD/JPY Daily Chart

USDJPY
 There is a pretty positive scenario for the US dollar against the Japanese Yen, currently under something that can be the beginning of a reversal pattern, we observed the close of the friday with a lower high @120.45 that make us think about a possible change of direction , at any conditions or possible scenarios we recommend to be aware of the price movement and covering our positions at any change of direction of the market.
These are the most important support and Resistance levels for this week:
Support 1 @116.40 (December, 2014)
Resistance 1 @120.53 (December, 2014)
Resistance 2 @121.56 (December, 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 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.

Sunday, November 9, 2014

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

 
 EURUSD
 
 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?

2012

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


 
 
 GBPUSD
 
 
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.

2013

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


 
 USDCHF
 
 
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.

USDCHF 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

 
 USDJPY
 
 
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.

2007

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.

Wednesday, October 22, 2014

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

 EURUSD
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


 GBPUSD
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


 USDCHF
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

 USDJPY
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.

Monday, September 29, 2014

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

 
 EURUSD
 
 
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


 
 GBPUSD
 
 
 
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


 
 USDCHF
 
 
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

 
 USDJPY
 
 
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.
 
dg
 
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.