Community
Blog

Community Blog

Add post
Filtered by tags:  Daily Resistance 2
Avatar

EURo gap filled

al_dcdemo Updated 29 June  in #Trader's blog #EUR/USD #Stock Market #Greece #Hedge #Referendum #Momentum #Daily Resistance 2 #H1 Chart #Weekend Gap
Euro filled the weekend gap and some, after upbeat tones from many officials and the perception that Greek people will vote "Yes" on Sunday's referendum. Part of the flows might also have been unwinding of the currency hedges in line with selling in the stock market.
The pair is back to the pre-weekend range which traded between 1.1150 and 1.1225. The momentum is on the bullish side at the moment and should the pair break above the range, the next resistance may be found in 1.1250 - 1.1260 band …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Aussie rallying on the RBA

al_dcdemo Posted 2 June  in #Trader's blog #AUD/USD #Aussie #Rba #Cash Rate #Weekly Pivot Point #Daily Resistance 1 #Rate Statement #Daily Resistance 2 #H1 50 Sma
As widely expected, RBA left the Cash Rate at 2.00%. Although they expressed an easing bias, the statement was not particularly dovish and the Aussie is rallying on it.
The pair broke yesterday's high near 0.7670. If it manages to hold above it, there's a cluster of resistance (Daily Resistance 2, Weekly Pivot Point, 0.77 level) between 0.7695 and 0.77. On the downside, Daily Resistance 1 and 0.7750 with H1 50 SMA just below that should now provide the first stronger level of support.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY pops 2007 high overnight

al_dcdemo Updated 28 May  in #Trader's blog #Yen #USD/JPY #Daily Resistance 3 #Daily Resistance 1 #Daily Resistance 2 #Weekly Resistance 3
USD/JPY continued its uptrend overnight and broke 2007 high at 124.14, to the highest in the last thirteen years. It stalled at Daily Resistance 1 (124.23) and then pulled back 50 odd pips.
Initial resistance is found in 124.15 - 124.25 band (June 2007 high, Daily Resistance 1). Then few intraday levels: 124.50 level, Weekly Resistance 3 (124.66), Daily Resistance 2 (124.80). Then stronger at 125.00 level, before possibly even stronger in 125.50 - 125.70 band (125.50 level, Daily Resistance 3, H…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY breaks higher

al_dcdemo Posted 27 May  in #Trader's blog #Yen #USD/JPY #Daily Resistance 1 #Daily Resistance 2 #Weekly Resistance 3
USD/JPY broke out of the six month trading range (115.50 - 122.00) yesterday and traded up to 123.30, adding more than 150 pips from the open. It wasn't able to follow through overnight as it remained in tight consolidation between 122.80 and 123.30. We'll see soon enough if this rally still has some legs, when European traders will start coming to their desks shortly.
July 2007 (123.67) and June 2007 (124.14) highs appear to be the main resistance levels nearby. Pivot point resistance levels ma…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Cable continues uptrend

al_dcdemo Posted 11 May  in #Trader's blog #GBP/USD #Cable #Weekly Resistance 1 #200 Dma #Daily Resistance 2 #UK Election
Cable is continuing its post-election (and pre-election) rally and has just broken above February high and 38.2% retracement of the July 2014 to April 2015 decline. Looking at momentum on any timeframe, it'd be difficult to say that this is the top.
Next layer of resistance is seen in 1.5600 - 1.5610 band (1.56 level, Daily Resistance 2, Weekly resistance 1) before 200 DMA just below 1.5650.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD weakness continues

al_dcdemo Posted 28 Apr.  in #Trader's blog #GBP/USD #Gdp #Cable #Daily Resistance 2 #Richmond Manufacturing Index #Cb Consumer Confidence #Weekly Resistance 2
Weaker than expected UK GDP, that was release this morning, proved to be just another dip buying opportunity in Cable. Decline to 1.5175 was short-lived and the pair was back to pre-release levels in less than one hour.
The pair made new high and flirted with 1.53 before US open. It is now breaking above the big level, after stream of bleak data from the States continues with Richmond Manufacturing Index (-3 vs. -2 expected) and CB Consumer Confidence (95.2 vs. 102.6 expected).
There's some imme…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

The Dollar weakens again

al_dcdemo Updated 27 Apr.  in #Trader's blog #AUD/USD #Aussie #Weekly Resistance 1 #100 Dma #Daily Resistance 2
After weaker than expected US Markit Services PMI, the Dollar is selling-off across the board. The Aussie is one of the pairs that appears to be benefiting the most out of it.
The pair broke April 17th high near 0.7840 and if it manages to hold above there, the next cluster of resistance (Weekly Resistance 1, Daily Resistance 2, 100 DMA, 0.79 level) is not far ahead at 0.7880 - 0.7900. Busting that would open up the door to the March 24 high (0.7835) and then 0.80 level.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments

Top bloggers

Blogger Posts / Likes

Top rated posts