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Filtrowane przez tagi:  Support Levels
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Close to 300K going into the weekend

AdamFx42 Przesłąno 9 Cze  w #Trader's blog #Support Levels #Buying NZD And AUD
I did alright yesterday afternoon after buying Aud and Nzd crosses

I bought a couple of Aud and Nzd crosses early yesterday afternoon,
after retracement in Aud and Nzd pairs and after I had identified
some good support levels for the crosses
The pairs did recover late afternoon and landed me an additional 30+K
I ended just below 300K before the weekend and am in the top 5
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Przetłumacz na Angielski Pokaż oryginał

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EUR/USD Bounces Off Long-Term Support

fxsurprise8 Przesłano 30 Lis jako Analiza EUR/USD, Cel: 1.0596, Data: 2 z Styczeń, 12:00 GMT  w #Technical analysis #Euro #Support #EUR/USD #Eurozone #Long Term #Us Dollar #Momentum #Support Levels #Single Currency
I think the losses for the Euro are coming to an end. Our first chart below shows reason number one. The pair recently bounced off 1.0522. This is a long-term support level that held up prices for the past 18 months. Not far from here we find another level, the 1.0462 swing low. This is a multi-year for the Euro. The last time the single currency traded below here was all the way back in 2003.
On our second chart we see a glimpse of the trading on the lower time-frame. Notice how during the past…
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fxsurprise8 28 Gru

Things are not going exactly as planned in the EUR/USD. While the pair managed to break the 1.0500 handle, it hasn't made much headway below the figure.

We spent the last two weeks of December swinging between 1.0400 and 1.0500. We are currently quoted at 1.0404.

This is certainly no consolation for my forecast, which remains off by almost 2 percent. But the end of the contest is still a good time away, so let's hope we bounce back on year-end flows.

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fxsurprise8 31 Gru

Things are looking up for my forecast! During the past few days the EUR/USD rallied over 120 pips to close the year at 1.0525. This is around 70 pips away from my forecast. Now this doesn't mean the contest is over, we still have few more days left until January 2nd.

There is still hope that mean reversion will continue to be a force here and push us higher still. We're coming up from oversold levels, like I noted in my original forecast. Plus the bounce at support lends more credence to the bounce story.

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