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EURGBP Setups Have Made Hundreds of Pips - EURGBP Setups Have Made Hundreds of Pips | HotForex Analysis We got it right again in EURGBP. The pair rallied to a resistance level I gave in my last analysis and has then sold off heavily. My view on March 2nd EURGBP analysis was that out of major EUR crosses, it is the EURGBP that is the weakest and therefore makes it an ideal market to sell the rallies. I wrote then that the zone from 0.7300 to 0.7314 is an area we should be looking for momentum reversal signals as the channel midline and the upper Bollinger Bands coincide with the zone. EURGBP rose to 0.7301 on that day and has since dropped over 200 pips. We have now had two very good sell signals in EURGBP lately. The first sell signal as per my analysis came at just below 0.7596 and now the other in proximity of 0.7301. My analysis and the signals that I teach in my webinars have made several hundred pips in EURGBP for our traders. If you would like to learn how to catch moves like this you are welcome to join me to free webinars here.https://www.hotforex.com/en/landing-pages/hf-webinars.html?id=118 As the EURGBP is basically collapsing at the time of writing the weekly picture does not provide us with a lot to analyse. With trend lower indicators are oversold and price is hugging the lower Bollinger Bands. The nearest weekly support and resistance levels are 0.7022 a former resistance level from 2006 and 2007 and the last week’s low at 0.7183. EURGBP, Daily Price has extended below the regression channel and has for the first time since January 26th closed outside the lower Bollinger Bands. This suggests that the trend has moved too far too quickly. This increases probabilities for a corrective move against the prevailing trend over the coming few days. EURGBP, 240 min EURGBP trend is extended in 4h chart as well. In case there will be a move against the trend over the coming few days potential resistance levels that could turn price lower again are 0.7130 and 0.7180. The lower level is clearly a minor resistance level as it is a spot where price tried to hold the channel bottom. This caused a sideways move visible in the 60 min chart and could act as a resistance should the market be weak. Conclusion As long as the market keeps on moving lower and there is no price based evidence to the contrary there is no hurry to close the short trades. Exception to this would be price hitting the 0.7022 support level which could well bounce the price higher and therefore is a logical target level. Price is in a downtrend and we should be looking to sell rallies as long as the approach works. However, once the 0.7022 target is hit the pair is at a major consolidation level and selling rallies might get trickier. Currently I am looking at 0.7130 and 0.7180 as potential shorting levels in case there is a rally higher and 0.7022 area as a target for short trades. Join me on Free Webinar on Tuesday 17th of March at 12:30 pm GMT. I will show you live how to analyse the markets and look for setups for high probability trades. Register HERE https://www.hotforex.com/en/trading-tools/trading-webinars.html for FREE and as usual it is better to log in early to get your seat! Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

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S&P Moving Sideways Above The Dec 2014 High - S&P Moving Sideways Above The Dec 2014 High | HotForex Analysis I suggested in my previous S&P 500 analysis S&P 500 in new all time highs | HotForex Analysis that the market could be correcting lower. This was based on both technical and sector analysis. On February 25th I wrote: over the last six trading days the money flows have been once again favouring the Utilities and Health Care sectors over all the other sectors, while Energy and Financials have lagged the most. All this put together indicates that we could see the S&P 500 slowing down and possibly correcting lower in the course of the next few trading days. Index was trading at 2011.25 points at the time of my analysis and is trading at the time of writing at 2098.75 (-87 points). Today’s an NFP Friday and the markets are likely to be in a waiting mode as the unemployment readings are important indicators for the Fed in deciding the timing of the first rate hike. Consensus expectation is 240K new jobs and should the number deviate strongly to the downside it’d be likely that the Fed would be more patient and delay the start of the rate hikes. Another important data point is the Average Hourly Earnings which will give an indication on the ability of consumers to consume. The Nonfarm Payrolls, Average Hourly Earnings, Labour Force Participation Rate and Unemployment Rate for the month of February are published today at 13:30 GMT. For other economic releases, see the HotForex Economic Calendar here.https://www.hotforex.com/en/trading-tools/economic-calendar.html The last two weekly bars have been narrow bodied Dojis. This indicates lack of demand and increases probabilities that this market will correct lower. As there has been no upside momentum over the last two weeks, Stochastics is overbought and turning lower. In addition, the upper Bollinger Bands are near and have been limiting upside. Support and resistance levels in weekly picture are: 2062.50, 2088.75 and 2117.75. S&P 500, Daily After wedging a bit at the time of my previous analysis S&P 500 e-mini future (ES) moved out of the rising regression channel. Price has been supported by the pivot high at 2088.75 and 23.6% Fibonacci level with a new resistance at the latest high (2117.75). Support at 2062.50 coincides with the lower Bollinger Bands and the 38.2% Fibonacci retracement. Should ES correct further the next important support level is 2020.50. The fact that price has been reacting higher from the proximity of 2088.75 level in suggests that this level is seen as an important support. S&P 500, 240 min Index futures have attracted buyers at 2085 area but the resistance from both the descending trendline and the previous support at 2101 level have this far blocked the moves higher. At the time of writing there isn’t much momentum to either direction as market waits for the NFP release but the moves from 2085 have been strong (hammer candles). This suggest there will be buyers at this level today. Should this level be broken the next support level at 2062.50 coincides roughly with the 1.618 Fibonacci extension level. It is also a former resistance which adds to the significance of this level. Conclusion: In the longer term picture US stock market is now fairly overbought and the last two weeks’ weekly narrow body candles indicate that there is not much willingness to pay higher prices for equities but no strong need to sell off either. At the same time technology, the heaviest sector in the S&P 500 index is close to channel top and Apple the heaviest weighted stock in this sector looks like it could correct lower after a bearish weekly candle last week. Even if this correction takes place I still believe this market can move higher and therefore look for buying opportunities at support levels. Technicals and macro view are giving a slightly mixed message: if the employment numbers are weak the Fed is likely to start rate hikes later which would be good for the stock market. However, at the same time strong employment numbers would indicate an improving economy, which again is a reason to stay long in Stocks. Market reactions to today’s NFP release are therefore an important indicator of things to come in the near future. If market finds support either at 2085 or 2062.50 and reacts higher with good momentum (that takes ES into new highs) the technical picture stays positive and supports the long term bullish view. In regards to short term trading ideas I am looking for minor time frame reversal signals at the above mentioned support and resistance levels once the employment numbers are released and the market is likely to have some volatility again. Market is not likely to move strongly before the employment release later on today. Should there be no strong deviation from the consensus expectation the nearest technical levels will be honoured but higher deviation from expectations will be translated into stronger whipsaws in price. If the latter is the case, then momentum reversal traders should be looking to trade levels further away from the current price. Join me on Live Analysis Webinar on Tuesday 10th of March at 12:30 pm GMT. Register HERE for FREE and as usual it is better to log in early to get your seat! https://www.hotforex.com/en/trading-tools/trading-webinars.html Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

Gold Trades Sideways At Key Support Level - Gold Trades Sideways At Key Support Level | HotForex Analysis Lately many market participants have been focusing on this week’s jobs report from the US. This Friday the US Bureau of Labour Statistics releases the Non-Farm Payroll report, the most important piece of macro data before the next Fed meeting. This report is seen as an important indicator on when the Fed might start hiking the interest rates. Some participants expect the rate hike happen in June while most are looking to September as potential starting point for the Fed’s rate hike cycle. However, some prominent analysts believe that the Fed will be patient and start the rate hikes next year. Higher interest rates support the dollar and historically Gold has not done that well during the periods of rising dollar. At the same time demand for physical Gold is solid in Asia. India alone is consuming 800 to 1000 tons of Gold annually and imports to the country are increasing. In addition, China’s interest rate cuts in November 2014 and last Saturday are an indication that the Peoples Bank of China has moved into an easing cycle. This is a factor supporting demand for Gold in China. The price of Gold reached the medium term ascending trendline a bit more than a week ago and has since been trading between the support at 1200 and a weekly low from the beginning of February. This level also coincides with the 50% Fibonacci retracement level. Gold is getting oversold in terms of Stochastics and I am looking for a move higher over this week or latest the next week. Gold, Daily The resistance level at 1220 coinciding with the 50% Fibonacci level has held the price down while the 1200 area has supported price. Price is ranging sideways which is quite common after downtrend is broken and the market participants fight over the future direction of the gold price. At the moment we have a higher low in place (from yesterday) which indicates that buyers are ready bid for Gold between 1190 and 1200. There is further support from a daily pivot candle from January 2nd this year and the lower Bollinger bands (currently at 1179 and 1188). Gold, 240 min Levels outside the lower Bollinger bands and a pivot candle from 24th February have been attracting buyers lately. There was an attempt to take the price higher last week and price was making higher lows and higher highs until the resistance at 1223 proved too much for the buyers. There was rejection candle yesterday (a candle with a long shadow below). This confirms the idea of 1190 to 1200 being an important range for buyers. Conclusion: Price is now at key levels and I am looking for a move higher from this support. In the recent past it has taken two to three weeks for the price Gold to turn from support levels. Therefore should there be a rally in not so distant future. But as the market participants are looking at this Friday’s jobs release from the US as a potential indication on when Fed might be raising rates the price of Gold might be moving sideways until Friday. Should Friday’s NFP figures be a disappointment, the likelihood of Fed raising rates early would be smaller and this should support the price of Gold. Levels close to or inside the 1190 – 1200 support range should be monitored for price action based buy signals. If you want to learn about price action based trading signals, just join me to educational and live analysis webinars. Join me on Live Analysis Webinar on Tuesday 10th of March at 12:30 pm GMT. Register for FREE and as usual it is better to log in early to get your seat! https://www.hotforex.com/en/trading-tools/trading-webinars.html Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

Live Analysis with Janne Muta Join our Chief Market Analyst, Janne Muta, in this LIVE market analysis session. - Watch as Janne analyses FX, Commodity and Stock Markets in real time. - Learn how professional traders approach analysis and trading. - Get your trading questions answered live. Register Now: https://www.hotforex.com/en/landing-pages/webinar-market.html?id=114

GBP a safehaven currency in Europe - Read more: GBP a safehaven currency in Europe | HotForex Analysis Now that EUR is weak due to both economic, geopolitical and Greece related risks Sterling starts to look like a safe haven currency with its economy rebounding. The UK job market is recovering, Industrial activity expanding and GDP at healthy 2.7% level (almost back to its 2007 pre-crisis levels). This creates a stark contrast to the ailing Euro Area but at the same time the risk is one of contagion: Euro Area being so important trading partner to the UK its can impact the growth in the UK negatively. However, the EURGBP pair is in a downtrend and reflects both the stark differences in the economic front and the interest rate hike expectations. The Bank of England is expected to raise rates either in the third or fourth quarter while the ECB is obviously committed to the QE program announced in January. Price is now bouncing from general region of a 0.7255 support level, a historical pivot high. Stochastics in both weekly and daily timeframes are oversold and there is no divergence in these time frames. Out of major EUR crosses, it is the EURGBP that is the weakest and therefore makes it an ideal market to sell the rallies. The nearest resistance (a weekly low) is at 0.7340. EURGBP, Daily Since my previous analysis price moved lower and is moving sideways in the region of 0.7255 support area. Stochastics is edging closer to its moving average indicating lack of downside momentum at this support. This could of course change later in today’s trading but it shows how relevant this level was for the market participants. The pair is now moving at the lower end of the regression channel but potential resistance levels are not that far from the current levels. The nearest daily resistance levels are: 0.7300, 0.7317 and 0.7348. EURGBP, 240 min I expected price find support at 0.7255 and it did almost to a pip, rallied and then was sold again from 0.7300 level. This led to a move that touched the channel line. The current move higher is taking place after a touch at the lower end of a short term bear channel and after there was a higher low in the Stochastics (bullish divergence). There is a resistance area from 0.7300 to 0.7314 that coincides with a midline in the channel. In addition the upper Bollinger Bans are not that far above the zone either. Conclusion: With price being at a historical pivot high and close to the short term channel bottom it makes sense to wait for better levels to enter into short trades. The zone from 0.7300 to 0.7314 is an area we should be looking for momentum reversal signals as the channel midline and the upper Bollinger Bands coincide with the zone. For UK and Euro Area economic releases, see our economic calendar here: HotForex Economic Calendar https://www.hotforex.com/en/trading-tools/economic-calendar.html Join me on Live Analysis Webinar on Tuesday 3rd of March at 12:30 pm GMT. Register HERE for FREE and as usual it is better to log in early to get your seat! - https://www.hotforex.com/en/trading-tools/trading-webinars.html Janne Muta Chief Market Analyst HotForex Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

Don't forget to sign up for tomorrow's webinars | Book your FREE place now! 1. Spanish | Estrategias de Especulación Corto Plazo en FX, 12:00 GMT - https://www.hotforex.com/es/landing-pages/webinar-market.html?id=305 2. Czech | Jak efektivne obchodovat pri vyhlaseni zprav, 20:00 GMT - https://www.hotforex.com/cz/landing-pages/webinar-market.html?id=402

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HotForex Live Webinars | Register now to reserve your place! - 17 February 12:30pm GMT Understanding Market Basics II - 18 February 12:30pm GMT Money Management in FX - 19 February 12:00 GMT Operar con las noticias de manera efectiva en FX - 19 February 20:00 GMT Pokrocile FX obchodovani na zaklade pouziti Bollinger Band indikace - 24 February 12:30pm GMT Live Analysis with Janne Muta - 25 February 12:30pm GMT Emotion Control in FX - 26 February 12:00 GMT Estrategias de Especulación Corto Plazo en FX - 26 February 20:00 GMT Jak efektivne obchodovat pri vyhlaseni zprav Follow the link and book your seat NOW! https://www.hotforex.com/en/trading-tools/trading-webinars.html

Don't forget to sign up for tomorrow's webinar | Trading the News Effectively in FX - 4 February 2015 12:30pm GMT Book your Free Place Now: https://www.hotforex.com/en/trading-tools/trading-webinars.html?refid=37217

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HotForex client wins big by achieving a gain of 1,355 pips! HotForex is pleased to announce that many of our clients profited from the volatility caused by the Swiss National Bank’s sudden reversal of the Swiss franc cap. We would like to congratulate Ayodele Odingboro, who, with an impressive 1,355 pips in profit ranked first among HotForex clients trading CHF pairs on that day.

HotForex Update following the SNB CHF Cap Reversal Following the Swiss National Bank’s decision yesterday to remove the Swiss Franc cap and the subsequent spike in volatility, the market experienced a period of extreme lack of liquidity for trading in CHF pairs. This led to significant losses for many market participants. We would like to reassure you that HotForex is operating as normal, and was not affected in any material way.Our strict Risk Management procedures minimized the impact of this event. Furthermore, we have stayed true to our motto of Honesty, Openness and Transparency. As testament to our commitment to fairness, all negative account balances have been reset to zero and any clients that bought CHF have been paid in full. We are very proud of our reputation in the market and we are confident that after this event our reputation will grow even stronger. We would also like to take this opportunity to thank all of our clients and partners for their continued loyalty and we are looking forward to a strong 2015. As a last note, please exercise extreme caution if entering the markets today as the volatility seems to be set to continue.

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HotForex Free Webinar | Multi Time Frame Analysis and Setting Stops - 06/01/2015, 12:30 GMT In this webinar, HotForex Chief Market Analyst, Janne Muta, will help you to build on your knowledge of MTF analysis to set effective stops and to determine position sizes. - Recap the importance of Multi Time Frame Analysis. - Learn how to set stops and trailing stops. - Understand how to calculate position sizes. Register Now: https://www.hotforex.com/en/landing-pages/webinar-market.html?id=100&refid=37217

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Question Time with Janne | 19th December 2014, 08:00 GMT Ask Janne the trading questions you need answered in our first, open Q&A session. Whatever your question, whatever the trading topic, Janne will provide a thoughtful, on target answer. - Audience led, interactive Q&A session. - Learn from the questions that other traders ask. - Get detailed explanations from an experienced market analyst. We want to answer as many questions as time allows so, if possible, please send your question(s) in advance to webinars@hotforex.com Register Now: https://www.hotforex.com/en/landing-pages/webinar-market.html?refid=37217

HotForex Free Webinar | How to Use Multi Time Frame Analysis (Part II) 18th December 2014 8:00 GMT Join Janne Muta, HotForex’s Chief Market Analyst, for the second part of this important webinar that explores how you can use multi time frame analysis effectively in your analysis and trading: - Read price action in different time frames; - Discover the key drivers behind significant intraday price moves; and, - Learn how to use Multi Time Frame Analysis to identify high probability trades. Book your FREE place Now: https://www.hotforex.com/en/landing-pages/webinar-trading.html?refid=37217

HotForex Free Webinar | How to Use Multi Time Frame Analysis 10/12/14 at 12:30 GMT Join Janne Muta, HotForex’s Chief Market Analyst, at our next webinar – How to Use Multi Time Frame Analysis – and learn the importance of using multiple time frames in your analysis and trading: - Read price action in different time frames; - Discover the key drivers behind significant intraday price moves; - Learn how to use Multi Time Frame Analysis to identify high probability trades. Register now: https://www.hotforex.com/en/landing-pages/webinar-trading.html?refid=37217

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