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Thread: FOREX Recommendations and Analysis -- Discussion --

      
  1. #261
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    weekly technical levels for September 30, 2013
    2013-09-30



    EUR/USD




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    GBP/USD





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    Tips:
    R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. Within a strong trend, the price is expected to be lower than the pivot point line and continue moving. If the breaking news released may affect the market, the price is likely to go straight through R1 or S1 and even reach R2 and R3 or S2 and S3.
    Performed by El. Mourad, Analytical expert
    InstaForex Companies Group 2007-2012

  2. #262
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD: Intraday technical analysis for October 8, 2013

    Overview:
    GBP/USD: The price is still between the levels 1.6005 and 1.6080, so it is recommended to be cautious while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Then, the market will probably indicate the signs of a bullish trend. In other words, BUY-deals are recommended higher than 1.5925 level with its first target at level 1.6020. From this point the pair is likely to begin the ascending movement to the point 1.5980 and further to the level 1.6093 in order to test the weekly pivot point. However, if the pair fails to pass through the level 1.6114 (1.6104: 38.2% Fibonacci retracement levels), the market will indicate a bearish opportunity below the strong resistance level 1.6114. In this regard, SELL-deals are recommended lower than the 1.6114 level with the first target of 1.1.6075. It is possible that the pair will turn to downward movement continuing the development of the bearish trend to the level 1.6007 in order to form double bottom.

    Performed by El. Mourad, Analytical expert
    InstaForex Companies Group 2007-2012

  3. #263
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    NZD/USD: trading recommendations for October 15, 2013



    Trading recommendations:
    Pair: NZD/USD
    Date: 15/10/2013

    According to the previous events, the price has still been trapped between 0.8340 and 0.8385.
    Long buying:
    Buy above 0.8200 with the first target of 0.8388, it might resume to 0.8445.
    Short selling:
    Outlook -1-: Swing trade at 0.8465 in order to sell with a traget of 0.8325.
    Outlook -2-: Below 0.8300 look for further downside with 0.8255 and 0.8190 as targets.

    Notes:
    It should be noted that the market will be called for bearish market from the level of 0.8070.
    Range: 72 pips.
    Risk of 72 pips must make a profit of 108,00 (A risk to reward ratio of 1:1.5 is recammended).


    Intraday technical levels:
    R3: 0,8463
    R2: 0,8422
    R1: 0,8391
    PP: 0,8350
    S1: 0,8319
    S2: 0,8278
    S3: 0,8247
    Performed by El. Mourad, Analytical expert
    InstaForex Companies Group 2007-2012

  4. #264
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/USD: trading recommendations for October 15, 2013



    Forecast:
    It should be noted that we got a weekly pivot point at the level of 1.3545. In addition, a gap has opened above the weekly pivot point. Therefore, the market will probably indicate a bearish opportunity at the level of 1.3605 and the gap will act as a strong resistance at the level of 1.3545. Thus, according to the previous events, the price has still been below 1.3605. Thenceforward, below 1.3605 (below 100% of Fibonacci retracement levels) look for further downside with 1.3550 and 1.3483 targets. However, stop loss should be placed above 1.3635.


    Intraday Technical Levels

    Date & Time: 15/10/2013 01:56
    Pair: EUR/USD
    Projected High: 1,3735
    Breakout (Buy Stop): 1,3680
    Strong Resistance (Sell Limit): 1,3650

    Current Pivot: 1,3572
    Strong Support (Buy Limit): 1,3494

    Breakout (Sell Stop): 1,3469
    Projected Low: 1,3419
    Performed by El. Mourad, Analytical expert
    InstaForex Companies Group 2007-2012

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