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Memaparkan catatan dengan label Analysis. Papar semua catatan
Sabtu, 25 Mac 2017
Ramalan Pair USD
Pasangan EUR / USD menutup lebih tinggi untuk minggu keempat berturut-turut, dan hampir tidak di bawah tahunan tinggi 1.0828 disiarkan pada Februari lalu, kerana pasaran berpusat di berehat sambil Trump berdagang ini minggu lalu, lambakan aset berkaitan USD, dan dengan Wall Street mengalami sahamnya hari paling teruk sejak oktober rabu lepas. Tiada berita yang besar untuk memandu pasaran FX, dengan angka-angka yang paling relevan sebagai data perumahan campuran di Amerika Syarikat, dan PMI Eropah Jumaat lepas, menunjukkan bahawa pertumbuhan ekonomi terus naik.
Spekulatif sedang menunggu untuk definisi politik yang datang dari Amerika Syarikat, dengan jurusan terperangkap dalam rangkaian, tetapi juga dengan dolar lemah secara menyeluruh. Kongres Amerika Syarikat masih belum mengundi pada rang undang-undang pemansuhan Obamacare dicadangkan oleh Presiden Trump, yang bergelut untuk mencari sokongan walaupun dalam parti sendiri. Rang undang-undang telah memasuki Houses pada hari Khamis, dan masih tidak jelas sama ada pembuat dasar akan mencapai persetujuan Jumaat lalu atau tidak. Walaupun rang undang-undang penjagaan kesihatan tidak adalah yang paling relevan untuk pasaran kewangan, tetapi dilihat sebagai ujian pentadbiran baru AS, seolah-olah Trump mendapat dikalahkan, berharap untuk pembaharuan cukai atau pelaburan infrastruktur yang besar akan terus mencairkan, oleh itu membayangkan ekuiti AS yang lebih rendah dan USD.
Secara teknikal, pasangan EUR / USD telah naik sehingga ke kawasan rintangan utama, percetakan 1.0824 sebelum berundur sederhana. Bukan sahaja Februari berdiri bulanan tinggi pada 1.0828, tetapi pada 1.0820, pasangan itu mempunyai 50% retracement kemerosotan pilihan raya di Amerika Syarikat pasca. The pengunduran dari tinggi yang disebut telah agak cetek, sebagai pasangan yang diadakan di atas tahap 1.0760, yang menunjukkan bahawa menjual faedah adalah agak terhad.
Dalam carta mingguan, petunjuk teknikal terus mara di atas pertengahan talian mereka, manakala harga yang lebih jauh di atas yang masih lemah 20 SMA. 100 SMA dalam carta yang dinyatakan berjumlah 1.1013, sasaran kenaikan harga yang mungkin perlu pasangan itu terus memajukan lalu kawasan 1.0830. Di tengah-tengah, 61.8% retracement penurunan selepas US pilihan raya menawarkan rintangan pada 1.0930.
Pada carta harian, ketua-ketua penunjuk Momentum utara pada paras tertinggi bulanan segar dalam wilayah overbought, manakala RSI adalah mendatar sekitar 62, mencerminkan pelbagai mingguan. Masih 20 DMA mengekalkan cerun menaik di atas 100 DMA, kedua-duanya jauh di bawah paras semasa, menyokong kemajuan selanjutnya.
Pasangan itu mempunyai sokongan yang kuat di sekitar 1.0710, dan ia akan berehat di bawahnya untuk mengesahkan bahagian interim dan memihak kepada langkah yang lebih rendah ke arah 1.0635, manakala di bawah ini lepas, sokongan berkaitan yang akan datang datang pada 1.0565, walaupun kelemahan dolar berterusan itu membuat tidak mungkin menolak ke arah minggu depan lepas ini.
Ramalan sentimen pasaran, menunjukkan bahawa pasangan EUR / USD semakin adepts, kerana 60% daripada pakar-pakar menjangkakan pergerakan menaik, walaupun tidak seseorang itu melihat pasangan itu mencapai 1.1000. Sentimen mengalami drastik u-turn dalam jangka masa panjang, kerana hanya 22% memihak terbalik pemandangan 1 dan 3 bulan, manakala akaun beruang masing-masing 50% dan 67%. Walaupun kelemahan dolar yang berterusan ini, seolah-olah minat spekulatif tidak bersedia untuk memberi sepenuhnya pada USD.
Bears menguasai pasangan GBP / USD selepas ia tidak dapat menembusi di atas 1.2500 hari ini, tetapi kebanyakannya disebabkan oleh Brexit yang akan datang, dan implikasi yang tidak diketahui itu. 80% daripada pakar-pakar yang ditinjau menjangkakan penurunan pada bulan yang akan datang, dengan 1.2227 menjadi sasaran purata. Untuk paparan suku tahun, pasangan itu dilihat berhampiran 1.2100
Untuk USD / JPY, yakin masih majoriti, tetapi sasaran menaik menjaga berkurangan: untuk paparan tiga bulan, akaun lembu 65%, tetapi sasaran ialah sekarang 113.99, turun daripada minggu sebelumnya 114,81. Dalam jangka pendek, pasangan itu dilihat neutral, memegang di bawah rintangan kritikal pada 111.60.
Sabtu, 23 Jun 2012
Apa itu Kalender Forex
Selain dari graf chart, kalender forex juga membantu kejayaan trader dalam jual beli forex. Ramai trader yang baru menanggung kerugian semasa trading, apabila secara tiba-tiba pasaran menjunam dengan mendadak! Di sini lah pentingnya kalender forex agar trader tahu dan bersedia dengan lebih awal sebelum harga sesuatu pasaran itu jatuh.
Kalender forex adalah kalender atau jadual berita-berita ekonomi dunia yang akan diumumkan. Berita-berita ini akan memberi pengaruh terhadap pergerakan nilai matawang atau sesuatu pasaran.
Antara Kalender Forex yang biasa yang gunakan ialah
http://instaforex.com/id/calendar.php
http://dosenforex.com/in/calendar.php
http://www.dailyfx.com/calendar/
http://www.forexfactory.com/calendar.php
Bagi calendar dailyfx ia adalah seperti dibawah;
Kotak oren ( Medium ) meramalkan berlakunya perubahan pasaran sederhana besar.
Manakala kotak biru ( Low ) mengandaikan berlakunya perubahan yang kecil dalam pasaran.
dan kotak merah (High) meramalkan akan berlaku perubahan yang besar dalam pasaran.
Bagi calendar forexfactory pula ia adalah seperti dibawah;
Kuning = impak yang kecil
Oren = impak yang agak besar
Merah = impak yang sangat besar.
Bagaimana menganalisi Kalender Forex
Jikadalam satu hari itu terdapat banyak berita yang memberi impak besar dalam pasaran, anda harus berhati-hati. Anda boleh klik pada kalender untuk mengetahui lebih terperinci maklumat tentang berita dalam kalender forex.
Sebagai contoh pada kalender forexfactory 20 Jun 2012, 12.32pm adalah berkenaan Fed Statement atau Monetary Policy Statement.
dan dailyfx kalender pada 20 Jun 2012 , 16.30 , USD Federal Open Market Committee Rate Decision.
Kesan daripada berita-berita tersebut, Harga emas dan mata wang Euro jatuh manakala mata wang US dollar meningkat pada berita Federal Reserve bergerak untuk meningkatkan ekonomi dengan memperluaskan program USD400 bilion yang shuffling pegangan Perbendaharaan, yang dikenali seperti Twist Operasi, dengan lain USD267 bilion.
Di bawah Operasi Twist, Fed menjual instrumen Perbendaharaan jangka pendek dan membeli-bertarikh Treasurys lagi sejajar dengan tujuan merendahkan kadar faedah jangka panjang.
Emas jatuh USD1, 603,35 auns troy dan tinggi USD1, 608,35 auns troy semasa sesi.
Selamat Trading
Kalender forex adalah kalender atau jadual berita-berita ekonomi dunia yang akan diumumkan. Berita-berita ini akan memberi pengaruh terhadap pergerakan nilai matawang atau sesuatu pasaran.
Antara Kalender Forex yang biasa yang gunakan ialah
http://instaforex.com/id/calendar.php
http://dosenforex.com/in/calendar.php
http://www.dailyfx.com/calendar/
http://www.forexfactory.com/calendar.php
Bagi calendar dailyfx ia adalah seperti dibawah;
Kotak oren ( Medium ) meramalkan berlakunya perubahan pasaran sederhana besar.
Manakala kotak biru ( Low ) mengandaikan berlakunya perubahan yang kecil dalam pasaran.
dan kotak merah (High) meramalkan akan berlaku perubahan yang besar dalam pasaran.
Bagi calendar forexfactory pula ia adalah seperti dibawah;
Kuning = impak yang kecil
Oren = impak yang agak besar
Merah = impak yang sangat besar.
Bagaimana menganalisi Kalender Forex
Jikadalam satu hari itu terdapat banyak berita yang memberi impak besar dalam pasaran, anda harus berhati-hati. Anda boleh klik pada kalender untuk mengetahui lebih terperinci maklumat tentang berita dalam kalender forex.
Sebagai contoh pada kalender forexfactory 20 Jun 2012, 12.32pm adalah berkenaan Fed Statement atau Monetary Policy Statement.
dan dailyfx kalender pada 20 Jun 2012 , 16.30 , USD Federal Open Market Committee Rate Decision.
Kesan daripada berita-berita tersebut, Harga emas dan mata wang Euro jatuh manakala mata wang US dollar meningkat pada berita Federal Reserve bergerak untuk meningkatkan ekonomi dengan memperluaskan program USD400 bilion yang shuffling pegangan Perbendaharaan, yang dikenali seperti Twist Operasi, dengan lain USD267 bilion.
Di bawah Operasi Twist, Fed menjual instrumen Perbendaharaan jangka pendek dan membeli-bertarikh Treasurys lagi sejajar dengan tujuan merendahkan kadar faedah jangka panjang.
Emas jatuh USD1, 603,35 auns troy dan tinggi USD1, 608,35 auns troy semasa sesi.
Selamat Trading
Ahad, 11 Mac 2012
Analysis EUR/USD - 12 MAC 0439
EUR/USD intraday: the downside prevails.
Update on supports and resistances. ( 12/03/2012 04:39 )
Pivot: 1.3125
Our preference: Short positions below 1.3125 with targets @ 1.307 & 1.3045 in extension.
Alternative scenario: Above 1.3125 look for further upside with 1.316 & 1.3205 as targets.
Comment: as long as 1.3125 is resistance, look for choppy price action with a bearish bias.
Key levels
1.3205
1.316
1.3125
1.3093 last
1.307
1.3045
1.3
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro traded steady to lower against the dollar on Monday, down but stable after posting heavy losses late last week in wake of Greece's successful restructuring with private creditors, although terms under the deal prompted a key international association to declare the move a credit risk, hence a default.
In Asian trading on Monday, EUR/USD hit 1.3120, down 0.02%, up from a session low of 1.3106 and off from a high of 1.3125.
The pair was likely to find support at 1.3097, Friday’s low, and resistance at 1.3272, Friday's high.
The euro came under pressure on Friday after the International Swaps and Derivatives Association (ISDA) said Greece's recent debt restructuring with private creditors constituted a "credit event."
While most private creditors voluntarily accepted terms of the EUR107 billion restructuring, a few didn't, which prompted Athens to kick in collective action clauses to force holdouts into the deal.
The ISDA's ruling could mean credit-default swaps designed to protect investors against losses on Greek sovereign debt will kick in.
Fitch, meanwhile, cut Greece's rating to "restricted default" over the deal, while Moody's made similar declarations.
Meanwhile the dollar continued to curry favor in global markets after last Friday's strong jobs figures out of the U.S.
The Bureau of Labor Statistics on Friday reported the U.S. economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures upward to 284,000 from 243,000.
The numbers fueled already growing sentiment that the Federal Reserve will hold off on plans to buy assets from banks, a stimulus measure known as quantitative easing that weakens the dollar in exchange for price stability.
The euro was up against the pound and down against the yen, with EUR/GBP trading up 0.01% at 0.8373 and EUR/JPY down 0.13% at 108.10.
Update on supports and resistances. ( 12/03/2012 04:39 )
Pivot: 1.3125
Our preference: Short positions below 1.3125 with targets @ 1.307 & 1.3045 in extension.
Alternative scenario: Above 1.3125 look for further upside with 1.316 & 1.3205 as targets.
Comment: as long as 1.3125 is resistance, look for choppy price action with a bearish bias.
Key levels
1.3205
1.316
1.3125
1.3093 last
1.307
1.3045
1.3
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro traded steady to lower against the dollar on Monday, down but stable after posting heavy losses late last week in wake of Greece's successful restructuring with private creditors, although terms under the deal prompted a key international association to declare the move a credit risk, hence a default.
In Asian trading on Monday, EUR/USD hit 1.3120, down 0.02%, up from a session low of 1.3106 and off from a high of 1.3125.
The pair was likely to find support at 1.3097, Friday’s low, and resistance at 1.3272, Friday's high.
The euro came under pressure on Friday after the International Swaps and Derivatives Association (ISDA) said Greece's recent debt restructuring with private creditors constituted a "credit event."
While most private creditors voluntarily accepted terms of the EUR107 billion restructuring, a few didn't, which prompted Athens to kick in collective action clauses to force holdouts into the deal.
The ISDA's ruling could mean credit-default swaps designed to protect investors against losses on Greek sovereign debt will kick in.
Fitch, meanwhile, cut Greece's rating to "restricted default" over the deal, while Moody's made similar declarations.
Meanwhile the dollar continued to curry favor in global markets after last Friday's strong jobs figures out of the U.S.
The Bureau of Labor Statistics on Friday reported the U.S. economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures upward to 284,000 from 243,000.
The numbers fueled already growing sentiment that the Federal Reserve will hold off on plans to buy assets from banks, a stimulus measure known as quantitative easing that weakens the dollar in exchange for price stability.
The euro was up against the pound and down against the yen, with EUR/GBP trading up 0.01% at 0.8373 and EUR/JPY down 0.13% at 108.10.
Analysis Crude Oil - 12 MAC 0241
Crude Oil (Apr 12) intraday: the bias remains bullish.
Update on supports and resistances. ( 12/03/2012 02:41 )
Pivot: 106.15
Our Preference: LONG positions above 106.15 with 108.15 & 109.2 as next targets.
Alternative scenario: The downside penetration of 106.15 will call for 105.5 & 104.4.
Comment: the RSI is bullish and calls for further advance.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
109.8** Horizontal resistance
109.2** Fib retracement (78.6%)
108.15*** Fib retracement (61.8%)
106.92 Last
106.15*** Intraday pivot point
105.5** Intraday support
104.4*** Previous low
TIPS
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude oil futures softened in Asian trading on Monday, as profit-takers erased the gains the commodity posted on news the labor market in the U.S. economy continued to show signs of improvement.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at USD106.92 a barrel, down 0.44%.
The commodity hit an earlier session high of USD107.52 and a low of USD106.91.
In the U.S. on Friday, the Bureau of Labor Statistics reported that the economy picked up a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures up to 284,000 from 243,000.
Crude rose on sentiment that a stronger U.S. economy will need more oil and derivatives to grow, although profit-taking had kicked in by the time Monday rolled around in Asian trading.
Many headwinds still face the global economy, including in Europe.
While Greece recently restructured its debts with private creditors, the country did force some holdouts into the deal via collective action clauses.
That move prompted the International Swaps and Derivatives Association to declare the debt swap as a "credit event" that would activate credit-default swaps, which are insurance policies designed to protect investors against losses on Greek sovereign debt.
The market shrugged off reports that China's oil demand may be rising, while a stronger dollar prompted some investors to ignore crude and go long on the U.S. greenback instead.
On the ICE Futures Exchange, Brent oil futures for April delivery were down 0.21% and trading at USD124.99 a barrel, up USD18.07 from its U.S. counterpart.
The gap in price between the two contracts is pushing toward the higher end of a range between a nearly USD20.00 all-time high and a historical spread of USD1.00.
Update on supports and resistances. ( 12/03/2012 02:41 )
Pivot: 106.15
Our Preference: LONG positions above 106.15 with 108.15 & 109.2 as next targets.
Alternative scenario: The downside penetration of 106.15 will call for 105.5 & 104.4.
Comment: the RSI is bullish and calls for further advance.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
109.8** Horizontal resistance
109.2** Fib retracement (78.6%)
108.15*** Fib retracement (61.8%)
106.92 Last
106.15*** Intraday pivot point
105.5** Intraday support
104.4*** Previous low
TIPS
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude oil futures softened in Asian trading on Monday, as profit-takers erased the gains the commodity posted on news the labor market in the U.S. economy continued to show signs of improvement.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at USD106.92 a barrel, down 0.44%.
The commodity hit an earlier session high of USD107.52 and a low of USD106.91.
In the U.S. on Friday, the Bureau of Labor Statistics reported that the economy picked up a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures up to 284,000 from 243,000.
Crude rose on sentiment that a stronger U.S. economy will need more oil and derivatives to grow, although profit-taking had kicked in by the time Monday rolled around in Asian trading.
Many headwinds still face the global economy, including in Europe.
While Greece recently restructured its debts with private creditors, the country did force some holdouts into the deal via collective action clauses.
That move prompted the International Swaps and Derivatives Association to declare the debt swap as a "credit event" that would activate credit-default swaps, which are insurance policies designed to protect investors against losses on Greek sovereign debt.
The market shrugged off reports that China's oil demand may be rising, while a stronger dollar prompted some investors to ignore crude and go long on the U.S. greenback instead.
On the ICE Futures Exchange, Brent oil futures for April delivery were down 0.21% and trading at USD124.99 a barrel, up USD18.07 from its U.S. counterpart.
The gap in price between the two contracts is pushing toward the higher end of a range between a nearly USD20.00 all-time high and a historical spread of USD1.00.
Analysis Gold - 12 MAC 0234
GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 12/03/2012 02:34 )
Pivot: 1696.00
Our Preference: LONG positions above 1696 with 1726 & 1741 in sight.
Alternative scenario: The downside penetration of 1696 will call for 1688 & 1676.5.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1760* Horizontal resistance
1741* Fib retracement (61.8%)
1726** Fib retracement (50%)
1708 Last
1696*** Intraday pivot point
1688** Fib retracement (50%)
1676.5** Previous low
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balanc
NEWS:
Gold prices crept down in Asian trading Monday although steady after dropping last week on reports that U.S. unemployment rates came in better than expected in February, which sent gold's traditional hedge, the dollar, rising.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded down 0.05% at USD1,710.65 a troy ounce.
Gold futures were likely to test technical support at USD1,706.59 a troy ounce and resistance at USD1,721.59.
The U.S. Bureau of Labor Statistics on Friday reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures up to 284,000 from 243,000.
The news initially sent the dollar soaring on growing sentiment that the Federal Reserve will hold off on any plans to roll out a third round of quantitative easing, which are asset purchases from banks designed to stimulate the economy, with a weaker greenback being the tradeoff for price stability and lower unemployment rates.
Gold later regained its composure and kept it in early Monday trading in Asia as the market sought to put U.S. jobs data behind it and look elsewhere for guidance.
Elsewhere on the Comex, silver for May delivery was up 0.14% and trading at USD34.260 a troy ounce, while copper for May delivery was up 0.21% and trading at USD3.859 a pound.
Update on supports and resistances. ( 12/03/2012 02:34 )
Pivot: 1696.00
Our Preference: LONG positions above 1696 with 1726 & 1741 in sight.
Alternative scenario: The downside penetration of 1696 will call for 1688 & 1676.5.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1760* Horizontal resistance
1741* Fib retracement (61.8%)
1726** Fib retracement (50%)
1708 Last
1696*** Intraday pivot point
1688** Fib retracement (50%)
1676.5** Previous low
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balanc
NEWS:
Gold prices crept down in Asian trading Monday although steady after dropping last week on reports that U.S. unemployment rates came in better than expected in February, which sent gold's traditional hedge, the dollar, rising.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded down 0.05% at USD1,710.65 a troy ounce.
Gold futures were likely to test technical support at USD1,706.59 a troy ounce and resistance at USD1,721.59.
The U.S. Bureau of Labor Statistics on Friday reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures up to 284,000 from 243,000.
The news initially sent the dollar soaring on growing sentiment that the Federal Reserve will hold off on any plans to roll out a third round of quantitative easing, which are asset purchases from banks designed to stimulate the economy, with a weaker greenback being the tradeoff for price stability and lower unemployment rates.
Gold later regained its composure and kept it in early Monday trading in Asia as the market sought to put U.S. jobs data behind it and look elsewhere for guidance.
Elsewhere on the Comex, silver for May delivery was up 0.14% and trading at USD34.260 a troy ounce, while copper for May delivery was up 0.21% and trading at USD3.859 a pound.
Analysis Silver - 9 MAC 1339
SILVER (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 09/03/2012 13:39 )
Pivot: 33.20
Our Preference: LONG positions above 33.2 with targets @ 34.14 & 34.9.
Alternative scenario: The downside penetration of 33.2 will call for a slide towards 32.8 & 32.45.
Comment: supported by a rising trend line.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
35.55** Fib retracement (61.8%)
34.9** Horizontal resistance
34.14** Intraday resistance
33.908 Last
33.2** Intraday pivot point
32.8* Intraday support
32.45** Intraday support
TIPS
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances. ( 09/03/2012 13:39 )
Pivot: 33.20
Our Preference: LONG positions above 33.2 with targets @ 34.14 & 34.9.
Alternative scenario: The downside penetration of 33.2 will call for a slide towards 32.8 & 32.45.
Comment: supported by a rising trend line.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
35.55** Fib retracement (61.8%)
34.9** Horizontal resistance
34.14** Intraday resistance
33.908 Last
33.2** Intraday pivot point
32.8* Intraday support
32.45** Intraday support
TIPS
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Khamis, 1 Mac 2012
Analysis Crude Oil - 1 MAC 0745
Crude Oil (Apr 12) intraday: the downside prevails.
Update on supports and resistances. ( 01/03/2012 07:46 )
Pivot: 107.50
Our Preference: SHORT positions below 107.5 with 104.85 & 103.9 in sight.
Alternative scenario: The upside penetration of 107.5 will call for a rebound towards 108.75 & 109.35.
Comment: as long as 107.5 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
109.35** Horizontal resistance
108.75** Horizontal resistance
107.5** Intraday pivot point
106.78 Last
104.85** Intraday support
103.9** Intraday support
102.5*** Intraday support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude lower on U.S. supply increase
Crude oil futures traded lower Wednesday, after an official report showed a larger-than-expected increase in U.S. oil supplies.
On the New York Mercantile Exchange, light sweet crude futures for delivery in April traded at USD105.75 a barrel during U.S. afternoon trade, giving back 0.77%.
It earlier rose by as much as 0.88% to trade at a session high USD107.44 a barrel.
U.S. crude oil inventories rose by 4.2 million barrels in the week ended February 24, significantly higher than expectations for a 1.2 million barrel increase, per the EIA weekly report.
Total U.S. crude oil inventories stood at a five-month high of 344.9 million barrels as of last week, remaining in the upper limit of the average range for this time of year.
Oil traders also focused on comments from Federal Reserve Chairman Ben Bernanke.
In testimony to the House Financial Services Committee in Washington, Bernanke said he expects growth this year to continue "at a pace close to or somewhat above the pace" in the second half of 2011 and added that the bank expects to support the economic recovery with its "highly accommodative" monetary policy.
Markets showed a muted reaction to a report showing the U.S. economy grew at a faster rate than initially expected in the final three months of 2011.
The U.S. Commerce Department reported earlier that gross domestic product increased at a seasonally adjusted annual rate of 3.0% during the fourth quarter, up from a preliminary estimate of 2.8%.
Oil prices were higher during early European trade after the European Central Bank allotted EUR530 billion in three-year loans to European lenders, after receiving bids from 800 banks, significantly more than in the bank’s first long term refinancing operation of EUR489 billion in three-year loans to 523 banks late last year.
Oil prices initially spiked higher on the news, before retracing gains, as the high uptake on the operation sparked concerns that banks in the region expect liquidity pressures to continue.
Market participants continued to monitor tensions between Iran and the West and a potential disruption to oil supplies from the region.
Growing tensions between Iran and Israel remain a key factor in oil prices. Fears of hostilities between Israel and Iran potentially setting off a conflict sending oil prices sharply higher weigh in the market.
Israel and the U.S. have previously stated that all options are on the table in ensuring the Islamic Republic does not acquire atomic weapons.
Iran produces about 3.5 million barrels of oil a day, making it the second largest oil producer in the Organization of Petroleum Exporting Countries, after Saudi Arabia.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for April delivery gave back 0.07% to trade at USD121.48 a barrel, with the spread between the Brent and crude contracts standing at USD15.72.
Crude rises on surprising U.S. output data
Crude oil futures rose in Asian trading Thursday, buoyed by stronger-than-expected gross domestic product figures out of the U.S.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at USD107.19 a barrel, up 0.11%.
The commodity hit an earlier session high of USD107.23 and a low of USD106.83.
The U.S. Commerce Department reported that gross domestic product rose 3.0% during the fourth quarter, up from a preliminary estimate of 2.8%.
A stronger U.S. economy will need more oil and derivatives such as gasoline to operate.
While initial reaction to U.S. growth figures was lukewarm in energy markets, oil managed to rise on reports of heavy turnout at the European Central Bank long-term refinancing operation.
The ECB provided EUR529 billion in three-year loans to European banks after receiving bids from 800 institutions, much more than the central bank's first long-term refinancing operation late last year.
The measure aims to pump up the economy and ease credit conditions.
News of U.S. growth and ECB policy helped offset higher U.S. crude inventories, which grew by 4.2 million barrels in the week to Feb. 24, up for a second straight week.
Meanwhile the Federal Reserve Beige Book finds that manufacturing in the U.S. remains steady, which was also bullish for oil.
Tensions between the West and Iran about the latter's nuclear ambitions also kept the price of crude high.
On the ICE Futures Exchange, Brent oil futures for April delivery were up 0.09% and trading at USD123.00 a barrel, up USD15.81 from its U.S. counterpart.
The gap in price between the two contracts is pushing toward the higher end of a range between a nearly USD20.00 all-time high and a historical spread of USD1.00.
Update on supports and resistances. ( 01/03/2012 07:46 )
Pivot: 107.50
Our Preference: SHORT positions below 107.5 with 104.85 & 103.9 in sight.
Alternative scenario: The upside penetration of 107.5 will call for a rebound towards 108.75 & 109.35.
Comment: as long as 107.5 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd upside; MT Ltd upside
Key levels Comment
109.35** Horizontal resistance
108.75** Horizontal resistance
107.5** Intraday pivot point
106.78 Last
104.85** Intraday support
103.9** Intraday support
102.5*** Intraday support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude lower on U.S. supply increase
Crude oil futures traded lower Wednesday, after an official report showed a larger-than-expected increase in U.S. oil supplies.
On the New York Mercantile Exchange, light sweet crude futures for delivery in April traded at USD105.75 a barrel during U.S. afternoon trade, giving back 0.77%.
It earlier rose by as much as 0.88% to trade at a session high USD107.44 a barrel.
U.S. crude oil inventories rose by 4.2 million barrels in the week ended February 24, significantly higher than expectations for a 1.2 million barrel increase, per the EIA weekly report.
Total U.S. crude oil inventories stood at a five-month high of 344.9 million barrels as of last week, remaining in the upper limit of the average range for this time of year.
Oil traders also focused on comments from Federal Reserve Chairman Ben Bernanke.
In testimony to the House Financial Services Committee in Washington, Bernanke said he expects growth this year to continue "at a pace close to or somewhat above the pace" in the second half of 2011 and added that the bank expects to support the economic recovery with its "highly accommodative" monetary policy.
Markets showed a muted reaction to a report showing the U.S. economy grew at a faster rate than initially expected in the final three months of 2011.
The U.S. Commerce Department reported earlier that gross domestic product increased at a seasonally adjusted annual rate of 3.0% during the fourth quarter, up from a preliminary estimate of 2.8%.
Oil prices were higher during early European trade after the European Central Bank allotted EUR530 billion in three-year loans to European lenders, after receiving bids from 800 banks, significantly more than in the bank’s first long term refinancing operation of EUR489 billion in three-year loans to 523 banks late last year.
Oil prices initially spiked higher on the news, before retracing gains, as the high uptake on the operation sparked concerns that banks in the region expect liquidity pressures to continue.
Market participants continued to monitor tensions between Iran and the West and a potential disruption to oil supplies from the region.
Growing tensions between Iran and Israel remain a key factor in oil prices. Fears of hostilities between Israel and Iran potentially setting off a conflict sending oil prices sharply higher weigh in the market.
Israel and the U.S. have previously stated that all options are on the table in ensuring the Islamic Republic does not acquire atomic weapons.
Iran produces about 3.5 million barrels of oil a day, making it the second largest oil producer in the Organization of Petroleum Exporting Countries, after Saudi Arabia.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for April delivery gave back 0.07% to trade at USD121.48 a barrel, with the spread between the Brent and crude contracts standing at USD15.72.
Crude rises on surprising U.S. output data
Crude oil futures rose in Asian trading Thursday, buoyed by stronger-than-expected gross domestic product figures out of the U.S.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at USD107.19 a barrel, up 0.11%.
The commodity hit an earlier session high of USD107.23 and a low of USD106.83.
The U.S. Commerce Department reported that gross domestic product rose 3.0% during the fourth quarter, up from a preliminary estimate of 2.8%.
A stronger U.S. economy will need more oil and derivatives such as gasoline to operate.
While initial reaction to U.S. growth figures was lukewarm in energy markets, oil managed to rise on reports of heavy turnout at the European Central Bank long-term refinancing operation.
The ECB provided EUR529 billion in three-year loans to European banks after receiving bids from 800 institutions, much more than the central bank's first long-term refinancing operation late last year.
The measure aims to pump up the economy and ease credit conditions.
News of U.S. growth and ECB policy helped offset higher U.S. crude inventories, which grew by 4.2 million barrels in the week to Feb. 24, up for a second straight week.
Meanwhile the Federal Reserve Beige Book finds that manufacturing in the U.S. remains steady, which was also bullish for oil.
Tensions between the West and Iran about the latter's nuclear ambitions also kept the price of crude high.
On the ICE Futures Exchange, Brent oil futures for April delivery were up 0.09% and trading at USD123.00 a barrel, up USD15.81 from its U.S. counterpart.
The gap in price between the two contracts is pushing toward the higher end of a range between a nearly USD20.00 all-time high and a historical spread of USD1.00.
Analysis Silver - 1 MAC 0744
SILVER (Spot) intraday: the downside prevails.
Update on supports and resistances. ( 01/03/2012 07:44 )
Pivot: 35.60
Our Preference: SHORT positions below 35.6 with targets @ 33.7 & 32.7.
Alternative scenario: The upside breakout of 35.6 will open the way to 36.45 & 37.3.
Comment: as long as 35.6 is resistance, likely decline to 33.7.
Trend: ST Bullish; MT Bullish
Key levels Comment
37.3**
36.45**
35.6*
34.787 Last
33.7**
32.7**
31**
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances. ( 01/03/2012 07:44 )
Pivot: 35.60
Our Preference: SHORT positions below 35.6 with targets @ 33.7 & 32.7.
Alternative scenario: The upside breakout of 35.6 will open the way to 36.45 & 37.3.
Comment: as long as 35.6 is resistance, likely decline to 33.7.
Trend: ST Bullish; MT Bullish
Key levels Comment
37.3**
36.45**
35.6*
34.787 Last
33.7**
32.7**
31**
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Analysis Gold - 1 MAC 0740
GOLD (Spot) intraday: the downside prevails.
Update on supports and resistances. ( 01/03/2012 07:40 )
Pivot: 1732.00
Our Preference: SHORT positions below 1732 with 1682 & 1657 as next targets.
Alternative scenario: The upside penetration of 1732 will call for a rebound towards 1762 & 1787.
Comment: the RSI is capped by a declining trend line.
Trend: ST Bullish; MT Bullish
Key levels Comment
1787* Intraday resistance
1762** Intraday resistance
1732** Intraday pivot point
1717.35 Last
1682*** Intraday support
1657** Fib retracement (50%)
1640** Intraday support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Gold prices rose in early Asian trading Thursday as bargain hunters snapped up the yellow metal after it fell on Federal Reserve Chairman Ben Bernanke's comments that the U.S. central bank has no plans to consider fresh stimulus measures to pump up the economy.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,714.75 a troy ounce, up 0.20%.
Gold futures were likely to test support at USD1,689.95 a troy ounce Wednesday's low, and resistance at USD1,792.15, Wednesday's high.
Gold prices rose on news that demand was heavy at the European Central Bank's long-term refinancing operation.
The ECB provided EUR529 billion in three-year loans to European banks after receiving bids from 800 institutions, much more than the central bank's first long-term refinancing operation late last year.
Easing measures such as that often send gold rising on sentiment that inflationary pressures could result.
However in the U.S., Bernanke told lawmakers that the Federal Reserve has no immediate plans to roll out a third round of quantitative easing, which are direct asset purchases from banks by the Fed.
The move sent the dollar rising and gold falling, as hints of such measures would mean increases to the U.S. money supply were likely, a situation where gold would have shined.
The metal recovered in Asian trading after prices tested support.
Gold prices are up around 14% in 2012 in part due to sentiment that quantitative easing would be needed to kick-start the U.S. economy out of its sluggishness.
The market, meanwhile, shrugged off better-than-expected gross domestic product rates out of the U.S.
The U.S. Commerce Department reported that gross domestic product rose 3.0% during the fourth quarter of last year, up from a preliminary estimate of 2.8%.
Elsewhere on the Comex, silver for May delivery was up 1.18% and trading at USD35.052 a troy ounce, while copper for May delivery was up 0.19% and trading at USD3.872 a pound.
Update on supports and resistances. ( 01/03/2012 07:40 )
Pivot: 1732.00
Our Preference: SHORT positions below 1732 with 1682 & 1657 as next targets.
Alternative scenario: The upside penetration of 1732 will call for a rebound towards 1762 & 1787.
Comment: the RSI is capped by a declining trend line.
Trend: ST Bullish; MT Bullish
Key levels Comment
1787* Intraday resistance
1762** Intraday resistance
1732** Intraday pivot point
1717.35 Last
1682*** Intraday support
1657** Fib retracement (50%)
1640** Intraday support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Gold prices rose in early Asian trading Thursday as bargain hunters snapped up the yellow metal after it fell on Federal Reserve Chairman Ben Bernanke's comments that the U.S. central bank has no plans to consider fresh stimulus measures to pump up the economy.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,714.75 a troy ounce, up 0.20%.
Gold futures were likely to test support at USD1,689.95 a troy ounce Wednesday's low, and resistance at USD1,792.15, Wednesday's high.
Gold prices rose on news that demand was heavy at the European Central Bank's long-term refinancing operation.
The ECB provided EUR529 billion in three-year loans to European banks after receiving bids from 800 institutions, much more than the central bank's first long-term refinancing operation late last year.
Easing measures such as that often send gold rising on sentiment that inflationary pressures could result.
However in the U.S., Bernanke told lawmakers that the Federal Reserve has no immediate plans to roll out a third round of quantitative easing, which are direct asset purchases from banks by the Fed.
The move sent the dollar rising and gold falling, as hints of such measures would mean increases to the U.S. money supply were likely, a situation where gold would have shined.
The metal recovered in Asian trading after prices tested support.
Gold prices are up around 14% in 2012 in part due to sentiment that quantitative easing would be needed to kick-start the U.S. economy out of its sluggishness.
The market, meanwhile, shrugged off better-than-expected gross domestic product rates out of the U.S.
The U.S. Commerce Department reported that gross domestic product rose 3.0% during the fourth quarter of last year, up from a preliminary estimate of 2.8%.
Elsewhere on the Comex, silver for May delivery was up 1.18% and trading at USD35.052 a troy ounce, while copper for May delivery was up 0.19% and trading at USD3.872 a pound.
Rabu, 29 Februari 2012
Analysis EUR/USD - 1 MAC 0708
EUR/USD intraday: under pressure.
Update on supports and resistances. ( 01/03/2012 07:09 )
Pivot: 1.3390.
Our Preference: SHORT positions @ 1.338 with targets @ 1.3315 & 1.329.
Alternative scenario: The upside penetration of 1.339 will call for a rebound towards 1.342 & 1.3485.
Comment: the pair is posting a rebound but stands below its new resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.3485** Horizontal resistance
1.342** Horizontal resistance
1.339** Intrady pivot point
1.3345 Last
1.3315** Horizontal support
1.329** Horizontal support
1.3265** Horizontal support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro dipped against the U.S. dollar on Thursday, after Federal Reserve Chairman Ben Bernanke dampened expectations for fresh easing measures and after the European Central Bank launched its second liquidity operation.
EUR/USD hit 1.3307 during late Asian trade, the pair’s lowest since February 23; the pair subsequently consolidated at 1.3318, inching down 0.05%.
The pair was likely to find support at 1.3230, the low of February 23 and resistance at 13485, Wednesday’s high.
In testimony to Congress on Wednesday, Bernanke acknowledged the recent improvement in the labor market and said that higher oil prices could push up inflation. However, Bernanke also said the central bank was prepared to adjust the balance sheet “as appropriate” to support the economic recovery.
Meanwhile, the euro remained under pressure after the ECB allotted EUR529.5 billion in three-year loans to 800 lenders in its second long-term refinancing operation on Wednesday, as concerns over the long-term effectiveness of the liquidity boost weighed.
The euro was almost unchanged against the pound, with EUR/GBP inching up 0.01% to hit 0.8372.
Later in the day, the euro zone was to produce final data on manufacturing activity, followed by a preliminary estimate of consumer price inflation and an official report on the unemployment rate. European Union leaders were to hold the first day of a two day summit meeting in Brussels.
The U.S. was to release government data on unemployment claims, while the Institute for Supply Management was to produce a report on manufacturing activity. In addition, Ben Bernanke was due to testify for a second day before Congress.
Update on supports and resistances. ( 01/03/2012 07:09 )
Pivot: 1.3390.
Our Preference: SHORT positions @ 1.338 with targets @ 1.3315 & 1.329.
Alternative scenario: The upside penetration of 1.339 will call for a rebound towards 1.342 & 1.3485.
Comment: the pair is posting a rebound but stands below its new resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.3485** Horizontal resistance
1.342** Horizontal resistance
1.339** Intrady pivot point
1.3345 Last
1.3315** Horizontal support
1.329** Horizontal support
1.3265** Horizontal support
Tips
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro dipped against the U.S. dollar on Thursday, after Federal Reserve Chairman Ben Bernanke dampened expectations for fresh easing measures and after the European Central Bank launched its second liquidity operation.
EUR/USD hit 1.3307 during late Asian trade, the pair’s lowest since February 23; the pair subsequently consolidated at 1.3318, inching down 0.05%.
The pair was likely to find support at 1.3230, the low of February 23 and resistance at 13485, Wednesday’s high.
In testimony to Congress on Wednesday, Bernanke acknowledged the recent improvement in the labor market and said that higher oil prices could push up inflation. However, Bernanke also said the central bank was prepared to adjust the balance sheet “as appropriate” to support the economic recovery.
Meanwhile, the euro remained under pressure after the ECB allotted EUR529.5 billion in three-year loans to 800 lenders in its second long-term refinancing operation on Wednesday, as concerns over the long-term effectiveness of the liquidity boost weighed.
The euro was almost unchanged against the pound, with EUR/GBP inching up 0.01% to hit 0.8372.
Later in the day, the euro zone was to produce final data on manufacturing activity, followed by a preliminary estimate of consumer price inflation and an official report on the unemployment rate. European Union leaders were to hold the first day of a two day summit meeting in Brussels.
The U.S. was to release government data on unemployment claims, while the Institute for Supply Management was to produce a report on manufacturing activity. In addition, Ben Bernanke was due to testify for a second day before Congress.
Analysis Crude Oil - 29 Feb 1008
Crude Oil (Mar 12) MT: aim @ 114.
Update on supports and resistances. ( 29/02/2012 10:08 )
Pivot: 89.50
Our Preference: Long above 89.5 with targets @ 114 & 122.5 in extension.
Alternative Scenario: Below 89.5 eye a drop towards 77.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Ltd upside; MT Bullish, we have been bullish since 26 OCT 2011 (90.5).
Key levels Comment
126.5 Fib projection
122.5 Fib retracement (78.6%)
114 Swing high
105.83 Last
89.5 Pivot point
77 Horizontal support
68 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude oil futures regained strength on Wednesday, bouncing off a four-day low as investors await the outcome of the second long-term refinancing operation from the European Central Bank later in the day, while continuing to monitor tensions between Iran and the West.
On the New York Mercantile Exchange, light sweet crude futures for delivery in April traded at USD107.11 a barrel during European morning trade, gaining 0.53%.
It earlier rose by as much as 0.6% to trade at a session high USD107.20 a barrel. Prices dropped nearly 2% on Tuesday, the biggest daily decline in almost five weeks, after U.S. durable goods orders plunged last month.
Prices rebounded as investors looked ahead to the launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
Market participants expect the liquidity operation to total nearly EUR500 billion, after banks borrowed EUR489 in the December operation.
Meanwhile, oil traders continued to monitor tensions between Iran and the West and a potential disruption to oil supplies from the region.
Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.
Israel and the U.S. have previously stated that all options are on the table in ensuring the Islamic Republic does not acquire atomic weapons.
Iran produces about 3.5 million barrels of oil a day, making it the second largest oil producer in the Organization of Petroleum Exporting Countries, after Saudi Arabia.
Market participants were also looking forward to the U.S. Energy Information Administration’s closely-watched weekly report on U.S. stockpiles of crude and refined products to gauge the strength of oil demand in the world’s largest oil consumer.
The report was expected to show that U.S. crude oil stockpiles rose by 1.2 million barrels last week, while gasoline supplies were forecast to increase by 0.2 million barrels.
After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 0.5 million barrels last week, below forecasts for a 1.1 million barrel buildup.
Crude oil prices traded on the NYMEX have gained nearly 8.5% in February and are up almost 10% since the start of 2012.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for April delivery rose 0.9% to trade at USD122.64 a barrel, with the spread between the Brent and crude contracts standing at USD15.53.
Brent futures have rallied nearly 10% since the beginning of February, the biggest monthly gain since February of last year, as geopolitical and production issues in Iran, the North Sea, South Sudan, Syria and Yemen tightened supplies.
Update on supports and resistances. ( 29/02/2012 10:08 )
Pivot: 89.50
Our Preference: Long above 89.5 with targets @ 114 & 122.5 in extension.
Alternative Scenario: Below 89.5 eye a drop towards 77.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Ltd upside; MT Bullish, we have been bullish since 26 OCT 2011 (90.5).
Key levels Comment
126.5 Fib projection
122.5 Fib retracement (78.6%)
114 Swing high
105.83 Last
89.5 Pivot point
77 Horizontal support
68 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Crude oil futures regained strength on Wednesday, bouncing off a four-day low as investors await the outcome of the second long-term refinancing operation from the European Central Bank later in the day, while continuing to monitor tensions between Iran and the West.
On the New York Mercantile Exchange, light sweet crude futures for delivery in April traded at USD107.11 a barrel during European morning trade, gaining 0.53%.
It earlier rose by as much as 0.6% to trade at a session high USD107.20 a barrel. Prices dropped nearly 2% on Tuesday, the biggest daily decline in almost five weeks, after U.S. durable goods orders plunged last month.
Prices rebounded as investors looked ahead to the launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
Market participants expect the liquidity operation to total nearly EUR500 billion, after banks borrowed EUR489 in the December operation.
Meanwhile, oil traders continued to monitor tensions between Iran and the West and a potential disruption to oil supplies from the region.
Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.
Israel and the U.S. have previously stated that all options are on the table in ensuring the Islamic Republic does not acquire atomic weapons.
Iran produces about 3.5 million barrels of oil a day, making it the second largest oil producer in the Organization of Petroleum Exporting Countries, after Saudi Arabia.
Market participants were also looking forward to the U.S. Energy Information Administration’s closely-watched weekly report on U.S. stockpiles of crude and refined products to gauge the strength of oil demand in the world’s largest oil consumer.
The report was expected to show that U.S. crude oil stockpiles rose by 1.2 million barrels last week, while gasoline supplies were forecast to increase by 0.2 million barrels.
After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 0.5 million barrels last week, below forecasts for a 1.1 million barrel buildup.
Crude oil prices traded on the NYMEX have gained nearly 8.5% in February and are up almost 10% since the start of 2012.
Elsewhere, on the ICE Futures Exchange, Brent oil futures for April delivery rose 0.9% to trade at USD122.64 a barrel, with the spread between the Brent and crude contracts standing at USD15.53.
Brent futures have rallied nearly 10% since the beginning of February, the biggest monthly gain since February of last year, as geopolitical and production issues in Iran, the North Sea, South Sudan, Syria and Yemen tightened supplies.
Analysis Silver - 29 Feb 1003
Silver MT: look for 43.4.
Update on supports and resistances. ( 29/02/2012 10:03 )
Pivot: 26.00
Our Preference: Bullish above 26 with targets @ 40.7 & 43.4 in extension.
Alternative Scenario: Below 26 eye a drop towards 23.5 and 19.75 in ext.
Comment: the break above the channel resistance is a key signal for further medium term gains.
Trend: ST Bullish; MT Bullish, we have been bullish since 4 JAN 2012 (29.4).
Key levels Comment
50 Swing high
43.4 Horizontal resistance
40.7 Fib retracement (61.8%)
37 Last
26 Pivot point
23.5 Horizontal support
19.75 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
silver for May delivery eased down 0.25% to trade at USD37.11 a troy ounce, while copper for May delivery gained 0.55% to trade at USD3.943 a pound.
Silver prices surged nearly 4% on Tuesday to hit the highest level since mid-September, after breaking through a key resistance level close to USD35.73 a troy ounce.
Market participants said that the breach above that level signaled an upward momentum in prices and triggered fresh buy orders from large institutional investors and hedge funds.
Silver prices have rallied almost 34% since the beginning of the year, while monthly gains for February are set to top 11%.
Update on supports and resistances. ( 29/02/2012 10:03 )
Pivot: 26.00
Our Preference: Bullish above 26 with targets @ 40.7 & 43.4 in extension.
Alternative Scenario: Below 26 eye a drop towards 23.5 and 19.75 in ext.
Comment: the break above the channel resistance is a key signal for further medium term gains.
Trend: ST Bullish; MT Bullish, we have been bullish since 4 JAN 2012 (29.4).
Key levels Comment
50 Swing high
43.4 Horizontal resistance
40.7 Fib retracement (61.8%)
37 Last
26 Pivot point
23.5 Horizontal support
19.75 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
silver for May delivery eased down 0.25% to trade at USD37.11 a troy ounce, while copper for May delivery gained 0.55% to trade at USD3.943 a pound.
Silver prices surged nearly 4% on Tuesday to hit the highest level since mid-September, after breaking through a key resistance level close to USD35.73 a troy ounce.
Market participants said that the breach above that level signaled an upward momentum in prices and triggered fresh buy orders from large institutional investors and hedge funds.
Silver prices have rallied almost 34% since the beginning of the year, while monthly gains for February are set to top 11%.
Analysis Gold - 29 Feb 0957
Gold MT: expect 1913.
Update on supports and resistances. ( 29/02/2012 09:57 )
Pivot: 1530.
Our preference: bullish above 1530 with 1800 & 1913 in sight.
Alternative scenario: A downside breakout of 1530 would open the way towards 1415.
Comment: the rising 50D simple moving average is turning up.
Trend: ST Bullish; MT Bullish, we have been bullish since 17 FEB 2010 (1114).
Key levels Comment
2000 Round number
1913 Swing high
1800 Horizontal resistance
1754
1530 Pivot point
1415 Horizontal support
1315 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Gold futures held steady on Wednesday, pausing after the previous day’s sharp gain, as investors waited for a second liquidity injection from the European Central Bank later in the day before opening fresh positions.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,788.05 a troy ounce during early European morning trade, easing up 0.1%.
It earlier rose by as much as 0.27% to trade at USD1,791.95 a troy ounce, the highest since November 14.
Futures were likely to find support at USD1,767.25 a troy ounce, Tuesday’s low and resistance at USD1,796.45, the high from November 14.
Investors looked ahead to the launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
Market participants expect the liquidity operation to total nearly EUR500 billion, after banks borrowed EUR489 in the December operation.
Gold can benefit from such an environment of easy money because of expectations that ample liquidity would put a damper on the value of paper currencies and boost inflation.
Gold prices have rallied nearly 14% since the beginning of 2012, boosted by growing expectations for further monetary easing measures from global central banks.
French-based financial service provider Societe Generale said in a report last week that it expected gold prices to “challenge” USD2,200 an ounce by the end of 2012.
“Global liquidity, negative real interest rates and persistent fears over fiat currencies as a whole will boost investment at all levels,” the bank said. “Even when the sovereign debt issues have been resolved in Europe, inflation will by then be an important issue.”
Further improving sentiment on the precious metal, Iran’s state-run news agency IRNA said Tuesday that the Persian Gulf country will take payment for oil from its trading partners in gold instead of dollars, in response to the financial embargoes imposed on the country.
Elsewhere on the Comex, silver for May delivery eased down 0.25% to trade at USD37.11 a troy ounce, while copper for May delivery gained 0.55% to trade at USD3.943 a pound.
Silver prices surged nearly 4% on Tuesday to hit the highest level since mid-September, after breaking through a key resistance level close to USD35.73 a troy ounce.
Market participants said that the breach above that level signaled an upward momentum in prices and triggered fresh buy orders from large institutional investors and hedge funds.
Update on supports and resistances. ( 29/02/2012 09:57 )
Pivot: 1530.
Our preference: bullish above 1530 with 1800 & 1913 in sight.
Alternative scenario: A downside breakout of 1530 would open the way towards 1415.
Comment: the rising 50D simple moving average is turning up.
Trend: ST Bullish; MT Bullish, we have been bullish since 17 FEB 2010 (1114).
Key levels Comment
2000 Round number
1913 Swing high
1800 Horizontal resistance
1754
1530 Pivot point
1415 Horizontal support
1315 Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
Gold futures held steady on Wednesday, pausing after the previous day’s sharp gain, as investors waited for a second liquidity injection from the European Central Bank later in the day before opening fresh positions.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,788.05 a troy ounce during early European morning trade, easing up 0.1%.
It earlier rose by as much as 0.27% to trade at USD1,791.95 a troy ounce, the highest since November 14.
Futures were likely to find support at USD1,767.25 a troy ounce, Tuesday’s low and resistance at USD1,796.45, the high from November 14.
Investors looked ahead to the launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
Market participants expect the liquidity operation to total nearly EUR500 billion, after banks borrowed EUR489 in the December operation.
Gold can benefit from such an environment of easy money because of expectations that ample liquidity would put a damper on the value of paper currencies and boost inflation.
Gold prices have rallied nearly 14% since the beginning of 2012, boosted by growing expectations for further monetary easing measures from global central banks.
French-based financial service provider Societe Generale said in a report last week that it expected gold prices to “challenge” USD2,200 an ounce by the end of 2012.
“Global liquidity, negative real interest rates and persistent fears over fiat currencies as a whole will boost investment at all levels,” the bank said. “Even when the sovereign debt issues have been resolved in Europe, inflation will by then be an important issue.”
Further improving sentiment on the precious metal, Iran’s state-run news agency IRNA said Tuesday that the Persian Gulf country will take payment for oil from its trading partners in gold instead of dollars, in response to the financial embargoes imposed on the country.
Elsewhere on the Comex, silver for May delivery eased down 0.25% to trade at USD37.11 a troy ounce, while copper for May delivery gained 0.55% to trade at USD3.943 a pound.
Silver prices surged nearly 4% on Tuesday to hit the highest level since mid-September, after breaking through a key resistance level close to USD35.73 a troy ounce.
Market participants said that the breach above that level signaled an upward momentum in prices and triggered fresh buy orders from large institutional investors and hedge funds.
Analysis EUR/USD - 29 Feb 0706
EUR/USD intraday: further advance.
Update on supports and resistances. ( 29/02/2012 07:06 )
Pivot: 1.3385.
Our Preference: LONG positions @ 1.3395 with 1.3485 & 1.353 as next targets.
Alternative scenario: The downside breakout of 1.3385 will open the way to 1.334 & 1.3295.
Comment: the pair remains on the upside and is challenging its previous high.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.355** Horizontal resistance
1.353** Horizontal resistance
1.3485** Horizontal resistance
1.3467 Last
1.3385** Intrady pivot point
1.334** Horizontal support
1.3295** Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro edged higher against the U.S. dollar on Wednesday, as investors awaited the outcome of the European Central Bank's second long-term refinancing operation later in the day.
EUR/USD hit 1.3485 during late Asian trade, the pair’s highest since February 24; the pair subsequently consolidated at 1.3476, gaining 0.13%.
The pair was likely to find support at 1.3356, last Friday’s low and resistance at 1.3485, the high of February 24 and a 12-week high.
In December, the EBC issued EUR489 billion in three-year loans to more than 500 banks, averting a liquidity shortage in the euro zone’s banking system and easing pressure on the region’s bond markets.
The euro came under pressure on Tuesday, after Ireland’s prime minister said the country will hold a referendum on the European Union's new fiscal treaty, which proposes harsh new budgetary discipline on each euro zone state, including near-zero public deficits.
The euro dipped against the pound but edged higher against the yen, with EUR/GBP slipping 0.06% to hit 0.8458 and EUR/JPY inching up 0.10% to hit 108.38.
Later in the day, Finland’s parliament was to vote on Greece’s bailout, while the U.S. was to release a preliminary report on fourth-quarter gross domestic product.
In addition, Federal Reserve Chairman Ben Bernanke was due to testify on the semi-annual monetary policy report before the House Financial Services Committee in Washington.
Update on supports and resistances. ( 29/02/2012 07:06 )
Pivot: 1.3385.
Our Preference: LONG positions @ 1.3395 with 1.3485 & 1.353 as next targets.
Alternative scenario: The downside breakout of 1.3385 will open the way to 1.334 & 1.3295.
Comment: the pair remains on the upside and is challenging its previous high.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.355** Horizontal resistance
1.353** Horizontal resistance
1.3485** Horizontal resistance
1.3467 Last
1.3385** Intrady pivot point
1.334** Horizontal support
1.3295** Horizontal support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
NEWS:
The euro edged higher against the U.S. dollar on Wednesday, as investors awaited the outcome of the European Central Bank's second long-term refinancing operation later in the day.
EUR/USD hit 1.3485 during late Asian trade, the pair’s highest since February 24; the pair subsequently consolidated at 1.3476, gaining 0.13%.
The pair was likely to find support at 1.3356, last Friday’s low and resistance at 1.3485, the high of February 24 and a 12-week high.
In December, the EBC issued EUR489 billion in three-year loans to more than 500 banks, averting a liquidity shortage in the euro zone’s banking system and easing pressure on the region’s bond markets.
The euro came under pressure on Tuesday, after Ireland’s prime minister said the country will hold a referendum on the European Union's new fiscal treaty, which proposes harsh new budgetary discipline on each euro zone state, including near-zero public deficits.
The euro dipped against the pound but edged higher against the yen, with EUR/GBP slipping 0.06% to hit 0.8458 and EUR/JPY inching up 0.10% to hit 108.38.
Later in the day, Finland’s parliament was to vote on Greece’s bailout, while the U.S. was to release a preliminary report on fourth-quarter gross domestic product.
In addition, Federal Reserve Chairman Ben Bernanke was due to testify on the semi-annual monetary policy report before the House Financial Services Committee in Washington.
Selasa, 28 Februari 2012
Analysis Crude Oil - 28 Feb 1133
Crude Oil (Apr 12) intraday: the downside prevails.
Update on supports and resistances. ( 28/02/2012 11:33 )
Pivot: 109.35
Our Preference: SHORT positions below 109.35 with 106.75 & 105.8 as next targets.
Alternative scenario: The upside breakout of 109.35 will open the way to 110.3 & 110.9.
Comment: as long as 109.35 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point
108.37 Last
106.75** Intraday support
105.8** Intraday support
104.85** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances. ( 28/02/2012 11:33 )
Pivot: 109.35
Our Preference: SHORT positions below 109.35 with 106.75 & 105.8 as next targets.
Alternative scenario: The upside breakout of 109.35 will open the way to 110.3 & 110.9.
Comment: as long as 109.35 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point
108.37 Last
106.75** Intraday support
105.8** Intraday support
104.85** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Analysis Gold - 287 Feb 1132
GOLD (Spot) intraday: further advance.
Update on supports and resistances. ( 28/02/2012 11:32 )
Pivot: 1760.00
Our Preference: LONG positions above 1760 with 1785 & 1790 in sight.
Alternative scenario: The downside penetration of 1760 will call for 1750 & 1736.
Comment: a bullish flag is taking place and calls for further rise.
Trend: ST Bullish; MT Bullish
Key levels Comment
1800*** Intraday resistance
1790* Intraday resistance
1785** Intraday resistance
1774.31 Last
1760*** Intraday pivot point
1750** Intraday support
1736** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances. ( 28/02/2012 11:32 )
Pivot: 1760.00
Our Preference: LONG positions above 1760 with 1785 & 1790 in sight.
Alternative scenario: The downside penetration of 1760 will call for 1750 & 1736.
Comment: a bullish flag is taking place and calls for further rise.
Trend: ST Bullish; MT Bullish
Key levels Comment
1800*** Intraday resistance
1790* Intraday resistance
1785** Intraday resistance
1774.31 Last
1760*** Intraday pivot point
1750** Intraday support
1736** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Analysis EUR/USD - 28 Feb 1123
EUR/USD intraday: further advance.
Update on supports and resistances. ( 28/02/2012 11:23 )
Pivot: 1.3375
Our preference: Long positions above 1.3375 with targets @ 1.3485 & 1.353 in extension.
Alternative scenario: Below 1.3375 look for further downside with 1.334 & 1.3295 as targets.
Comment: the pair remains on the upside and is approaching its previous high as the RSI is well directed.
Key levels
1.355
1.353
1.3485
1.34396 last
1.3375
1.334
1.3295
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances. ( 28/02/2012 11:23 )
Pivot: 1.3375
Our preference: Long positions above 1.3375 with targets @ 1.3485 & 1.353 in extension.
Alternative scenario: Below 1.3375 look for further downside with 1.334 & 1.3295 as targets.
Comment: the pair remains on the upside and is approaching its previous high as the RSI is well directed.
Key levels
1.355
1.353
1.3485
1.34396 last
1.3375
1.334
1.3295
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Isnin, 27 Februari 2012
Analysis Gold - 27 Feb 1156
GOLD (Spot) intraday: the downside prevails.
Update on supports and resistances.
Pivot: 1775.00
Our Preference: SHORT positions below 1775 with targets @ 1760 & 1750.
Alternative scenario: The upside penetration of 1775 will call for 1790 & 1800.
Comment: as long as 1775 is resistance, likely decline to 1760.
Trend: ST Bullish; MT Bullish
Key levels Comment
1800*** Intraday resistance
1790* Intraday resistance
1775** Intraday pivot point
1763.9 Last
1760*** Intraday support
1750** Intraday support
1736** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances.
Pivot: 1775.00
Our Preference: SHORT positions below 1775 with targets @ 1760 & 1750.
Alternative scenario: The upside penetration of 1775 will call for 1790 & 1800.
Comment: as long as 1775 is resistance, likely decline to 1760.
Trend: ST Bullish; MT Bullish
Key levels Comment
1800*** Intraday resistance
1790* Intraday resistance
1775** Intraday pivot point
1763.9 Last
1760*** Intraday support
1750** Intraday support
1736** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Analysis Crude Oil - 27 Feb 1149
Crude Oil (Apr 12) intraday: the downside prevails.
Update on supports and resistances.
Pivot: 109.35
Our Preference: SHORT positions below 109.35 with 107.9 & 106.75 as next targets.
Alternative scenario: The upside penetration of 109.35 will call for 110.3 & 110.9.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point
108.35 Last
107.9** Intraday suPport
106.75** Intraday support
105.8** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances.
Pivot: 109.35
Our Preference: SHORT positions below 109.35 with 107.9 & 106.75 as next targets.
Alternative scenario: The upside penetration of 109.35 will call for 110.3 & 110.9.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point
108.35 Last
107.9** Intraday suPport
106.75** Intraday support
105.8** Intraday support
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Analysis EUR/USD - 27 Feb 1131
EUR/USD intraday: turning down.
Update on supports and resistances.
Pivot: 1.3455
Our preference: Short positions below 1.3455 with targets @ 1.3385 & 1.334 in extension.
Alternative scenario: Above 1.3455 look for further upside with 1.3485 & 1.353 as targets.
Comment: the pair is breaking below its support and should face further weakness.
Key levels
1.353
1.3485
1.3455
1.34105 last
1.3385
1.334
1.3295
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Update on supports and resistances.
Pivot: 1.3455
Our preference: Short positions below 1.3455 with targets @ 1.3385 & 1.334 in extension.
Alternative scenario: Above 1.3455 look for further upside with 1.3485 & 1.353 as targets.
Comment: the pair is breaking below its support and should face further weakness.
Key levels
1.353
1.3485
1.3455
1.34105 last
1.3385
1.334
1.3295
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
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