Obsidian

1.3050 does not seem so far

imvho once 1.2950 - 1.3550 range is broken, we will see either 1.10 or 1.43

I think gold will touch 1682/71 before it turns north again...A daily close above 1717 changes this scenario though...

EUR/USD: After price action being mostly bearish during the past 3 trading days, EUR/USD found support at 1.3160 yesterday. But the pair is still under the pressure as the latest PMI data showed that business activity in the eurozone contracted more than expected. In addition there are concerns that the participation rate of Greece's private creditors in the voluntary debt restructuring deal needed for Greece to receive bailout funds will be too low. Price has been almost flat during the Asian session and buying strength is still weak. If the bulls can carry the pair above 1.3230 resistance, look for 1.3276 and 1.3320. If the Bears continue the push downward, 1.3160 and 1.3078 will be today’s support levels. I am bearish on the euro below 1.3276 GBP/USD: Yesterday, the pair found support around daily moving average at 1.5780 and worked its way back up towards 1.5880. If the can break and stay above this resistance, it will head to 1.5925 and then 1.5975. If the direction changes and the pair goes below 1.5835, we will encounter support at 1.5800 and 1.5765. AUD/USD: AUD/USD has been falling after China lowered its 2012 growth target to 7.5%. Also worries about the European markets affected the pair. The bulls don’t have enough power to push the pair back above 1.0750. So it is possible that we will retest 1.0600 level today. If the key level 1.0600 is broken, 1.0500 will be the next support. If the pair can stay above 1.0600 support and changes direction, there is a possibility that the bulls may try to reach 1.0750. USD/JPY: USD/JPY seems losing its strength. Price will need to break 82 and hold above to continue climbing. If the pair cant pass this level, I expect selling pressure will increase and we will see a movement towards 80.60 and 80.25 area. I will be keeping an eye on JPY crosses as well.

closed remaining @ 1.0680, I won't be greedy seems like this level will be holding for today at least...

eur/usd is above trendline...be careful if you are going to short...

there are various topics in the beginners forum. I am sure you will find all the information/advice you need here...

update on previous post: closed 1/2 @ 1.0709, moved sl to 1.0770, tp to1.0630

they "sometimes" lie......

EUR/USD: We saw that EUR/USD gave back almost all of the previous week’s gains after the EU summit failed to surprise the markets with major developments. Instead of good news we got bad ones regarding Spain and Greece. It seems that 1.35 level is too resistive for now. Friday, my analysis was indicating that the pair was possibly headed to 1.3220 before we see some support. For this week, I expect the range this week to be between 1.3290 and 1.3065. If the bulls can’t pull the pair over 1.3220, I will look for 1.3135 and 1.3065. The bulls have to pass 1.3220 and 1.3310 barriers to try reaching 1.35 resistance. GBP/USD: Latest reports showed that manufacturing PMI was slightly weaker than expectations but construction PMI was much better than forecasted. The pair continues to find the 1.5980 level far too resistive to conquer, and as a result it looks as if we are heading back to the 1.5765. We may also see some support around 1.5810 area though. In order for bulls to take over, they have to bring the pair above 1.5860 first and then 1.5880. USD/CAD: After the pair broke 0.9900 support line, it slipped a bit and bounced back to retest this level as resistance. If the pair can close above 0.9900, it will head to 1.00 and 1.0050 levels next. To the downside, I expect to see support at 0.9790 and 0.9705. USD/CHF: The USD/CHF has closed the week at 0.9135, above a key level at 0.9113. This, combined with the USD's bullish advance Friday is a good indication that this pair could be once a gain turning bullish. However, the pair has to break and stay above 0.9250 level at least. If the bears win the battle at this point and we see prices go below 0.9113, 0.9045 and 0.8990 will be the next support levels.

obviously it is weak to pass 1.08 but also strong enough to stay above 1.06... Anyway range is huge enough to grab 50+ pips at least...

"Jim Cramer explains how the..." This video is no longer available because the YouTube account associated with this video has been terminated due to multiple third-party notifications of copyright infringement from claimants including: [Fox News Network, LLC], [John L. Wathen], [business News Network]

you can either find an instrument which is moving in a flat range or you can wait for high volatility to get fast pips/points

thank god there is no natural blondes here

NZD Chart (Weekly CFTC Commitments of Traders Report)

AUD Chart (Weekly CFTC Commitments of Traders Report)

CAD Chart (Weekly CFTC Commitments of Traders Report)

CHF Chart (Weekly CFTC Commitments of Traders Report)

JPY Chart (Weekly CFTC Commitments of Traders Report)

GBP Chart (Weekly CFTC Commitments of Traders Report)

EUR Chart (Weekly CFTC Commitments of Traders Report)

1.08 is a tough nut. it is better to hunt with the bears meanwhile... if we close below 1.075, 1.068 is the next...

I do not use EW to trade because I simply don't believe it but that does not mean that I would not read EW analysis

If I had to pick a provider I would choose someone to follow according to: "max dd", "weeks" and "win %" after you eliminate the most dangerous ones, you can focus on "avg trade time" and "avg pips"

EUR/USD: Yesterday’s range was roughly 40 pips and we don’t see any momentum during the Asian session today. Even though European leaders agreed to provide capital faster for the bailout fund, the market is slightly bearish at time of writing. If we continue the bearish momentum, look for daily support at 1.3280 and 1.3220 below that. To the upside, the Bulls will need to clear the first barrier at 1.3390, the next important resistance is located 1.3460. There is a strong possibility that the pair will fall to the 1.3220 level before finding some real support. GBP/USD: The pair had showed its strength by passing the high from February 8 which was 1.5928 but failed to break and close above 1.5980/90 zone. Because of that I think the pair will head to 1.5900-1.5880 zone first. If it slips below, the next support will be 1.5810. If the pair can break 1.5990, 1.6085 will be the next stop. USD/CHF: After finding support at 0.8930 the pair has been rising. I think the pair will test the resistance at 0.9110. If the bulls can push the pair above this level, then next target will be 0.9250. If they fail, USD/CHF will go back to 0.8930. 0.8765 is the next support level. Until the pair closes above 0.9250, the bears will be able to maintain control. USD/JPY: The pair is quite bullish and I think that we will continue climbing during the next week. This is possible for sure, but in the short term we should pass 81.60 resistance first. If the pair can pass 82.30 (a level which I expect to see a retracement back to 80 level), I think we will see 83.40 soon enough. To the downside, support will be found at 80.70 and 80.20 levels.