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Thread: FOREX Recommendations and Analysis -- Discussion --

      
  1. #21
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD Intraday Technical Analysis for April 5, 2012



    Pivot Point: 1.5885.


    GBP/USD:
    Resistance: 1.6007. (Sell below this level).
    Support: 1.5778. (Buy above this level).

    Trading Recommendations:


    According to the previous events, the price is still located between 1.617 and 1.58 levels.
    BUY-deals are recommended higher than the 1.58 level with targets at levels 1.5935 and 1.6.
    The descending movement will probably take place lower than the 1.6007 level with the first targets seen at 1.5945 and 1.5835 levels.

    Overview:


    It should be mentioned that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. Concerning the previous events, the price is still between the levels 1.617 and 1.58, 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 the 1.5778 level with its first target seen at level 1.5940. From this point the pair is likely to begin the ascending movement to the point 1.5970 and further to the level 1.6005. However, if the pair does not manage to pass through the level 1.6010, the market will indicate a bearish opportunity below the strong resistance level 1.6. In this regard, SELL-deals are recommended lower than the 1.6 level with the point 1.5945 seen as first target. The pair is likely to turn to downwards continuing the development of the bearish trend to the level 1.584.

  2. #22
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    Default Re: FOREX Recommendations and Analysis -- Discussion --


    EUR/USD Intraday Technical Analysis and Trading Recommendations for April 5, 2012


    Pivot Point: 1.3162.

    Time Frame: H4




    Overview:


    The EUR/USD pair has broken the resistance level and turned towards the support level near the last week's point 1.3110 (March 16, 2012). Therefore, the pair has already formed a strong support at 1.3110. Moreover, having failed to close below 1.31, the pair started showing a bullish market at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H4 chart, and the pair has formed a strong support at the level of 1.311. So the pair will move upwards which is a convincing fact; the structure of the upside movement looks as non-corrective indicating a bullish possibility above 1.3110. This can be a good sign to buy the pair above 1.3110 with the first target at 1.33 initiating a uptrend in order to continue the bullish mood towards the point 1.3210 and further to 1.3300. However, it should also be noted that the price is still between 1.3390 and 1.32, as the RSI and the last strong resistance level are still able to begin a downtrend at this level. So the market indicates a bearish opportunity at the level 1.3305 on H4 chart with the first target 1.3162 (Daily Pivot Point) and continues towards 1.31.

    Trading Recommendations:


    According to the previous events, the price is still located between 1.3305 and 1.3100.

    Buy-deals above 1.3110 with the targets seen at 1.3210 and 1.33 levels.
    Below 1.3303 look for further downside pace with the first target seen at 1.3223 and 1.3170 levels.

    Technical Levels:

    R3: 1,3349
    R2: 1,3294
    R1: 1,3217
    PP: 1,3162
    S1: 1,3085
    S2: 1,3030
    S3: 1,2953

    Observation (s):


    Please, consider the market volatility before investing, as the sight price may has already been reached and scenarios invalidated.
    Buyers are BIDding at a lower price.
    Sellers are ASKing for a high price.

  3. #23
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly Technical Levels for April 9 - 13, 2012
    2012-04-09


    EUR/USD


    GBP/USD


    USD/CHF

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/USD Intraday Technical Analysis and Trading Recommendations for April 10, 2012

    Pivot Point: 1.3091.

    Time Frame: H4



    Overview:

    The EUR/USD pair has broken the resistance level and turned towards the support level near the last week's point 1.3110 (March 16, 2012). Therefore, the pair has already formed a strong support at 1.3110. Moreover, having failed to close below 1.31, the pair started showing a bullish market at this level. It is necessary to mention that these levels coincide with strong levels for bulls on H4 chart, and the pair has formed a strong support at the level of 1.311. So the pair will move upwards which is a convincing fact; the structure of the upside movement looks as non-corrective indicating a bullish possibility above 1.3110. This can be a good sign to buy the pair above 1.3110 with the first target at 1.33 initiating a uptrend in order to continue the bullish mood towards the point 1.317 and further to 1.3300. However, it should also be noted that the price is still between 1.3390 and 1.32, as the RSI and the last strong resistance level are still able to begin a downtrend at this level. So the market indicates a bearish opportunity at the level 1.3305 on H4 chart with the first target 1.317 (Weekly Pivot Point) and continues towards 1.31.

    Trading Recommendations:


    According to the previous events, the price is still located between 1.3305 and 1.3170.

    Buy-deals above 1.3130 with the targets seen at 1.317 and 1.33 levels.
    Below 1.3303 look for further downside pace with the first target seen at 1.3223 and 1.3170 levels.

    Technical Levels:

    R3: 1,3248
    R2: 1,3191
    R1: 1,3148
    PP: 1,3091
    S1: 1,3048
    S2: 1,2991
    S3: 1,2948

    Observation (s):

    Please, consider the market volatility before investing, as the sight price may has already been reached and scenarios invalidated.
    Buyers are BIDding at a lower price.
    Sellers are ASKing for a high price.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for April 10 -- 11, 2012
    2012-04-10



    Forecast:


    At 0.9230 // 0.9260 a strong level will be formed providing a clear signal for Sell-deals with the target seen at 0.9140 level. Stop Loss is to be placed above 0.93.





    Overview:


    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.9115, i.e. above the strong support level 0.9130 (61.8% of Fibonacci retracement levels on H4 chart). These levels correspond to 78% and 61.8% of Fibonacci retracement levels on the H4 chart. The pair has already formed a strong resistance at this level of 0.92605 and is presently approaching it for further testing. Therefore, the swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9260 level. Sell-deals are recommended below 0.9260 with the first target seen at the 0.9140 level. Thus downtrend is likely to continue the bearish movement towards the 0.91 level. Moreover, it is crucial that the price has probably formed a strong support at 0.9053 (23.6% of Fibonacci retracement levels on H4 chart). The saturation is like to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.905 with the first target seen at the 0.913 level and further at the 0.92 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD Intraday Technical Analysis for April 12, 2012.



    Pivot Point: 1.5899.



    GBP/USD:
    Resistance: 1.6020. (Sell below this level).
    Support: 1.5760. (Buy above this level).

    Trading Recommendations:


    According to previous events, the price is still located between levels 1.5800 and 1.5915.

    BUY-deals are recommended higher than the 1.576 level with targets at levels 1.59 and 1.6.
    The descending movement will probably take place lower than the 1.6020 level with the first targets at levels 1.59, 1.5855 and 1.57.


    Overview:


    It should be noted that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. Concerning the previous events, the price is still between the levels 1.58005 and 1.5915 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 the 1.576 level with its first target at level 1.5875. From this point the pair is likely to begin the ascending movement to the point 1.59 and further to the level 1.6. However, if the pair fails to pass through the level 1.6020, the market will indicate a bearish opportunity below the strong resistance level 1.6020. In this regard, SELL-deals are recommended lower than the 1.6 level with the first target of 1.59. It is possible that the pair will turn to downward movement continuing the development of the bearish trend to the level 1.57.

    Intraday Technical levels (the 12nd of April, 2012):

    R3: 1,6032
    R2: 1,5985
    R1: 1,5946
    PP: 1,5899
    S1: 1,5860
    S2: 1,5813
    S3: 1,5774

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for April 12, 2012



    Forecast:

    At 0.9230 - 0.9260 a strong level will be formed providing a clear signal for Sell-deals with the target seen at 0.9140 level. Stop Loss is to be placed above 0.93.



    Overview:

    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.9115, i.e. above the strong support level 0.9130 (61.8% of Fibonacci retracement levels on H4 chart). These levels correspond to 78% and 61.8% of Fibonacci retracement levels on the H4 chart. The pair has already formed a strong resistance at this level of 0.92605 and is presently approaching it for further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9260 level. Sell-deals are recommended below 0.9260 with the first target seen at the 0.9140 level. Thus downtrend is likely to continue the bearish movement towards the 0.91 level. Moreover, it is crucial that the price has probably formed a strong support at 0.9053 (23.6% of Fibonacci retracement levels on H4 chart). The saturation is likely to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.905 with the first target seen at the 0.913 level and further at the 0.92 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --


    Weekly Technical Levels for April 16 - 20, 2012
    2012-04-16


    EUR/USD




    GBP/USD


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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD Intraday Technical Analysis for April 18, 2012



    Weekly Pivot Point: 1.5985.



    GBP/USD:
    Resistance: 1.6060. (Sell below this level).
    Support: 1.5600. (Buy above this level).

    Trading Recommendations:



    According to the previous events, the price is still located between levels 1.5800 and 1.5960.

    BUY-deals are recommended higher than the 1.56 level with targets at levels 1.59 and 1.6.
    The descending movement will probably take place lower than the 1.6060 level with the first targets at levels 1.59, 1.5855 and 1.57.


    Overview:


    It should be noted that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. Concerning previous events, the price is still between the levels 1.58 and 1.596, 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 the 1.56 level with its first target at the level of 1.5875. From this point the pair is likely to begin the ascending movement to the point 1.59 and further to the level 1.6. However, if the pair fails to pass through the level of 1.6060, the market will indicate a bearish opportunity below the strong resistance level 1.6020. In this regard, SELL-deals are recommended lower than the 1.6 level with the first target at 1.59. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.57.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for April 19, 2012


    Forecast:

    At 0.9240 - 0.9260 a strong level will be formed providing a clear signal for Sell-deals with the target seen at the 0.9140 level. Stop Loss is to be placed above 0.93.


    [


    Overview:

    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.9115, i.e. above the strong support level 0.9130 (61.8% of Fibonacci retracement levels on H4 chart). These levels correspond to 78% and 61.8% of Fibonacci retracement levels on the H4 chart. The pair has already formed a strong resistance at this level of 0.92605 and is presently approaching it for the further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9260 level. Sell-deals are recommended below 0.9260 with the first target seen at the 0.9140 level. Thus, the downtrend is likely to continue the bearish movement towards the 0.91 level. Moreover, it is crucial that the price has probably formed a strong support at 0.9053 (23.6% of Fibonacci retracement levels on H4 chart). The saturation is likely to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.9050 with the first target seen at the 0.9130 level and further at the 0.9200 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly Technical Levels for April 23 - 27, 2012
    2012-04-23



    EUR/USD:



    GBP/USD:



    USD/CHF:

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for April 25, 2012


    Forecast:

    At 0.9160 a strong level will be formed providing a clear signal for Sell-deals with the target seen at the 0.9040 level. Stop Loss is to be placed above 0.92.






    Overview:

    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.90, i.e. above the strong resistance level 0.9187 (61.8% of Fibonacci retracement levels on H4 chart). These levels correspond to 78% and 61.8% of Fibonacci retracement levels on the H4 chart. The pair has already formed a strong resistance at this level of 0.9200 and is presently approaching it for the further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9200 level. Sell-deals are recommended below 0.9200 with the first target seen at the 0.9100 level. Thus, the downtrend is likely to continue the bearish movement towards the 0.90 level. Moreover, it is crucial that the price has probably formed a strong support at 0.8950. The saturation is likely to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.8950 with the first target seen at the 0.9130 level and further at the 0.9200 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --


    GBP/USD Intraday Technical Analysis for April 24, 2012




    Pivot Point: 1.6140.





    GBP/USD:
    Resistance: 1.6240. (Sell below this level).
    Support: 1.5900. (Buy above this level).

    Trading Recommendations:


    According to previous events, the price is still located between levels 1.5800 and 1.6155.

    The descending movement will probably take place lower than the 1.6240 level with the first targets at levels 1.60, 1.5955 and 1.5905.
    BUY-deals are recommended higher than the 1.6030 level with targets at levels 1.6125 and 1.6233.


    Overview:


    It should be noted that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. Concerning previous events, the price is still between the levels 1.58 and 1.6155, 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 the 1.58 level with its first target at the level of 1.5875. From this point the pair is likely to begin the ascending movement to the point 1.59 and further to the level 1.623. However, if the pair fails to pass through the level of 1.6240, the market will indicate a bearish opportunity below the strong resistance level 1.6240. In this regard, SELL-deals are recommended lower than the 1.6240 level with the first target at 1.6145. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.59.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly Technical Levels for April 30 - May 4, 2012
    2012-04-30

    EUR/USD:




    GBP/USD:




    USD/CHF:


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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for May 4, 2012
    2012-05-04


    Forecast:

    At 0.9220 a strong level (Resistance) will be formed providing a clear signal for Sell-deals with the target seen at the 0.9040 level. Stop Loss is to be placed above 0.9255.
    At 0.9000 a strong level (Support) will be formed providing a clear signal for Buy-deals with the target seen at 0.91 level; 0.922. Stop Loss is to be placed below 0.8900.




    Overview:

    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.90, i.e. above the strong resistance level 0.922. The pair has already formed a strong resistance at this level of 0.9220 and is presently approaching it for the further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.922 level. Sell-deals are recommended below 0.922 with the first target seen at the 0.9100 level. Thus, the downtrend is likely to continue the bearish movement towards the 0.90 level. Moreover, it is crucial that the price has probably formed a strong support at 0.8950 - 0.9. The saturation is likely to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.8950 - 0.9 with the first target seen at the 0.9130 level and further at the 0.9200 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD Intraday Technical Analysis for May 4, 2012
    2012-05-04




    Pivot Point: 1.6187.



    GBP/USD:
    Resistance: 1.6270. (Sell below this level).
    Support: 1.6100. (Buy above this level).

    Trading Recommendations:


    According to previous events, the price is still located between the levels 1.5955 and 1.6290.

    The descending movement will probably take place lower than the 1.6270 level with the first targets at levels 1.617 and 1.61.
    BUY-deals are recommended higher than the 1.61 level with targets at levels 1.6155 and 1.6233.


    Overview:


    It should be noted that the market revealed the signs of instability. The trend movement was controversial as it took place in a narrow sideways channel. Concerning previous events, the price is still between the levels 1.5955 and 1.629, 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 the 1.61 level with its first target at the level of 1.6155. From this point the pair is likely to begin the ascending movement to the point 1.62 and further to the level 1.6233. However, if the pair fails to pass through the level of 1.6270, the market will indicate a bearish opportunity below the strong resistance level 1.6270. In this regard, SELL-deals are recommended lower than the 1.6270 level with the first target at 1.6170. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.61.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly Technical Levels for May 7 - 11, 2012
    2012-05-07


    EUR/USD:




    GBP/USD:





    USD/CHF:


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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF Technical Analysis for May 9, 2012
    2012-05-09



    Forecast:

    At 0.9270 a strong level (Resistance) will be formed providing a clear signal for Sell-deals with the target seen at the 0.9140 level. Stop Loss is to be placed above 0.93.
    At 0.9000 a strong level (Support) will be formed providing a clear signal for Buy-deals with the target seen at 0.91 level; 0.922. Stop Loss is to be placed below 0.8900.




    Overview:


    USD/CHF:
    It is necessary to consider that the price is still located between points 0.93 and 0.90, i.e. above the strong resistance level 0.922. The pair has already formed a strong resistance at this level of 0.9270 and is presently approaching it for the further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.9270 level. Sell-deals are recommended below 0.9270 with the first target seen at the 0.9100 level. Thus, the downtrend is likely to continue the bearish movement towards the 0.90 level. Moreover, it is crucial that the price has probably formed a strong support at 0.8950 - 0.9. The saturation is likely to take place around 0.905. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.8950 - 0.9 with the first target seen at the 0.9130 level and further at the 0.9200 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CAD Technical Analysis and Trading Recommendations for May 9, 2012
    2012-05-09



    Pivot Point: 0.9990.





    Overview:

    The market will continue showing strength by going to the level 0.9700 (23.6% of Fibonacci retracement levels - Daily chart). Therefore, the USD/CAD pair's resistance was broken and turned into support nine months ago (on the 4th of August, 2011), the pair has already formed a strong support at the level of 0.97. So the market indicates a bullish opportunity at level 0.9700 / 0.99 with 0.9975 seen as first objective and continues its movement towards 1.0025 and further to 1.0060. However, if the trend does not manage to break through and close above the level 1.006, then a downside momentum will begin which is rather convincing. The structure of the downfall looks as non-corrective, for that the market will indicate a bearish opportunity at 1.006, hence it will be a good sign to sell at this level in order to continue downward pace towards 0.9910.

    Trading Recommendations:

    According to previous events, the price remains between 1.0080 and 0.9900.
    Buy above 0.9910 with target at 0.9975 then 1.050.
    Consider the downside movement below 1.0060 with target seen at the 0.9910 level.

    Observation (s):

    Please check out the market volatility before investing, as the sight price may have already been reached and scenarios invalidated.
    Key level at 1.0060.
    History will probably be repeated at this level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly Technical Levels for May 14 - 18, 2012
    2012-05-14


    EUR/USD:



    GBP/USD:



    USD/CHF:

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