Dollar index trading at support level (orange rectangles), suggesting a bounce back to the resistance is possible.
Gbpusd trading at 1.6172. The pair is trapped in resistance zone 1.6150 - 1.6222 with another level higher around 1.6315.
Showing posts with label gbpusd. Show all posts
Showing posts with label gbpusd. Show all posts
14 March 2011
14.03.2011
Euro index trading into minor resistance area suggesting a possibility for a correction.
Dollar index trading at support level (orange rectangles), suggesting a bounce back to the resistance is possible.
Gbpusd trading at 1.6172. The pair is trapped in resistance zone 1.6150 - 1.6222 with another level higher around 1.6315.
Dollar index trading at support level (orange rectangles), suggesting a bounce back to the resistance is possible.
Gbpusd trading at 1.6172. The pair is trapped in resistance zone 1.6150 - 1.6222 with another level higher around 1.6315.
16 December 2010
16.12.2010
Gbpusd currently at 1.5610, after bounce from its demand level at 1.5530, heading towards resistance area 1.5720 - 1.5760.
Dollar index after break of 79.90 went straight to its resistance at 80.28. Its reacting to the down side from there, heading towards 79.90, to test it as its support.
Eurusd after the bearflag break, went to 1.3206. From there it bounced back to 1.3265, testing the broken flag. The nearest support levels are at 1.3180, 1.3080 and 1.30.
Dollar index after break of 79.90 went straight to its resistance at 80.28. Its reacting to the down side from there, heading towards 79.90, to test it as its support.
Eurusd after the bearflag break, went to 1.3206. From there it bounced back to 1.3265, testing the broken flag. The nearest support levels are at 1.3180, 1.3080 and 1.30.
08 December 2010
8.12.2010 morning view
Eurusd broke 1.3250 yesterday. Today it went to test it as its resistance. Target for shorts around 1.31.
Gbpusd reached its supply level at 1.5800, first important demand level is at 1.5730
Gbpusd reached its supply level at 1.5800, first important demand level is at 1.5730
02 December 2010
Live intraday entries
2 trades i took today.
First one was eurjpy short. Pair is approaching resistance 111.0 - 112.0. Its a fresh level, price has has dropped from here previously. If we entered at 111.00 and put our stop above 112.00, we still get around 1:2 risk : reward, very possibly even 1:3.
Second one is short entry on gbpusd. I took it at m5 timeframe, price created a cluster of candles which broke to the downside. Price has pulled back to that broken level, thats where was my entry with SL above. Target demand level 1.5560 and lower.
For both positions i risk 2% all together.
update 1: closed half position on gbpusd for 26 pips, leaving rest of it at b/e with target 1.5560
update 2: 2nd half of gbpusd reached the target +65 pips
update 3: closed half eurjpy +55 pips, leaving rest of it at b/e with target 109.00
update 4: 2nd part of eurjpy stopped out at b/e
First one was eurjpy short. Pair is approaching resistance 111.0 - 112.0. Its a fresh level, price has has dropped from here previously. If we entered at 111.00 and put our stop above 112.00, we still get around 1:2 risk : reward, very possibly even 1:3.
Second one is short entry on gbpusd. I took it at m5 timeframe, price created a cluster of candles which broke to the downside. Price has pulled back to that broken level, thats where was my entry with SL above. Target demand level 1.5560 and lower.
For both positions i risk 2% all together.
update 1: closed half position on gbpusd for 26 pips, leaving rest of it at b/e with target 1.5560
update 2: 2nd half of gbpusd reached the target +65 pips
update 3: closed half eurjpy +55 pips, leaving rest of it at b/e with target 109.00
update 4: 2nd part of eurjpy stopped out at b/e
01 December 2010
New month opening - december
For the last 2 days we have seen rally on dollar. Currency pairs reached some key levels.
Eurusd support area 1.29 - 1.265, cluster of candles broken to the upside on the left, now price is there for first time retesting that level.
Euro index confirms.
Gbpusd testing 1.55 for the 2nd time, (first time was just after a breakout of 1.555 on 9.09.2010) which is a support.
Nzdusd reached up trend line on daily chart.
Dollar index reversing from 81.48, 1st supply level on daily chart. Support at 80.00 - 79.50. We also have pre NFP numbers coming out this afternoon.
Eurusd support area 1.29 - 1.265, cluster of candles broken to the upside on the left, now price is there for first time retesting that level.
Euro index confirms.
Gbpusd testing 1.55 for the 2nd time, (first time was just after a breakout of 1.555 on 9.09.2010) which is a support.
Nzdusd reached up trend line on daily chart.
Dollar index reversing from 81.48, 1st supply level on daily chart. Support at 80.00 - 79.50. We also have pre NFP numbers coming out this afternoon.
29 November 2010
Big moves at the end of November
Today we had some big moves. Pretty fast prices reached levels i suggested in the morning as targets and possible turning points (http://forexoholic.blogspot.com/2010/11/after-weekend-situation.html).
Dollar index currently at 81.00, resistance level on daily chart:
Euro index at first support 106.10 with another one lower at 104.00.
Eurusd went through 1.31 and tested 1.3065, currently at 1.3090 looking for support around here as suggest euro and dollar indexes.
Gbpusd fall trough first support level at 1.566 and trading at 1.555 at the moment/ This level is also a little support, with another one - bigger - 100 pips lower.
Dollar index currently at 81.00, resistance level on daily chart:
Euro index at first support 106.10 with another one lower at 104.00.
Eurusd went through 1.31 and tested 1.3065, currently at 1.3090 looking for support around here as suggest euro and dollar indexes.
Gbpusd fall trough first support level at 1.566 and trading at 1.555 at the moment/ This level is also a little support, with another one - bigger - 100 pips lower.
26 November 2010
Pound..
After break of the uptrendline, price has dropped straight to its first support at 1.5680. Next support (demand) levels are 1.5570 and 1.5450 as you can see below:. Best long entries will appear when dollar index reaches its resistance level coming at 81.00.
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