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EUR/USD
Sep 27, 2014 at 18:50
Member Since Jun 15, 2013
29 posts
alysharf posted:i was wrong about that i forgot one more point 1.2420 make it more likely to occur
now what is new, eurusd make trap for trader to make them go long, and in that way , it is golden player
now only we have 1.2713 as support , then 1.2650 , 1.2533 ,1.2340 and then 1.2240 but i feel it is now near as 1.2650 make it double bottom for 1.2660 at 13/11/2012 , then it will jump up for long step but quick one. which is hard to occur
so i suggest either sideways move or little correction
Member Since Apr 08, 2014
1141 posts
Sep 29, 2014 at 06:32
Member Since Apr 08, 2014
1141 posts
EURUSD fell during the course of the day on the last Friday session, breaking the bottom of the hammer created last week. This is a very negative sign and therefore the market should continue to go much lower. The next target is probably the 1.25 level but the longer-term charts suggest that we could go even lower.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Sep 29, 2014 at 13:59
Member Since Jul 10, 2014
1117 posts
EUR/USD formed an inverted hammer candlestick in the four hour filter chart and headed up. Considering that there's also very strong support in the 1.2660-1.2700 zone, I think some correction is beginning with target 1.2730, perhaps even 1.2800.
Member Since Apr 14, 2014
230 posts
Member Since Jun 08, 2014
454 posts
Sep 29, 2014 at 17:56
Member Since Jun 07, 2011
372 posts
The dollar continues to climb free.
The DXY index rises 11 consecutive weeks, the first time there since 1971, the year in which the exchange rates fluctuated.
The DXY index rose 1.35% last week, the third highest rise in a series of 11 weeks, which shows no signs of slowing down any.
The USD rose against all currencies.
The DXY index rises 11 consecutive weeks, the first time there since 1971, the year in which the exchange rates fluctuated.
The DXY index rose 1.35% last week, the third highest rise in a series of 11 weeks, which shows no signs of slowing down any.
The USD rose against all currencies.
Member Since Apr 08, 2014
1141 posts
Sep 30, 2014 at 06:31
Member Since Apr 08, 2014
1141 posts
EURUSD tried to rally during the course of the day on yesterday session, but failed near the 1.27 level. This level ended up pushing market back down and forming a doji, which of course represents indecision in the market. The EURUSD is likely to take a pause, but a break below yesterday low could push the pair towards the 1.25 level given enough time.
"I trade to make money not to be right."
forex_trader_202879
Member Since Aug 07, 2014
406 posts
Sep 30, 2014 at 10:03
Member Since Aug 07, 2014
406 posts
honeill posted:
EURUSD tried to rally during the course of the day on yesterday session, but failed near the 1.27 level. This level ended up pushing market back down and forming a doji, which of course represents indecision in the market. The EURUSD is likely to take a pause, but a break below yesterday low could push the pair towards the 1.25 level given enough time.
So much for taking a pause. This is why people should just learn how to trade price action and stop guessing!
Member Since Jul 10, 2014
1117 posts
Sep 30, 2014 at 14:14
Member Since Jul 10, 2014
1117 posts
All things considered, I think we can conclude that the bearish EUR/USD trend isn't exhausted yet. It fell 90 pips for the past four hours alone and broke below 1.2600. Personally, I think the next target is 1.2500, although it might go even lower.
forex_trader_202879
Member Since Aug 07, 2014
406 posts
Sep 30, 2014 at 14:15
Member Since Aug 07, 2014
406 posts
I don´t trade based on support or resistance. I wait for accumulation, and then take my trades based on that. That is by far the best way to trade instead of trying to pick bottoms or tops. When you guess wrong your account suffer massive losses, and then you revenge trade after that.
Member Since Oct 08, 2011
137 posts
Sep 30, 2014 at 14:16
Member Since Oct 08, 2011
137 posts
Abdul2012 posted:sell at the current lowest point (minus 1 pip)
So what you suggest people for today ? short sell cause it is now in 1.2580 ?
hold on to the trade to 1.2517 (or near there)
"a little bit of knowledge is a dangerous thing"
Member Since Mar 12, 2014
1 posts
Member Since Jun 08, 2014
454 posts
Member Since Oct 11, 2013
775 posts
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