Ammeo

EUR/USD forecast for the week of August 18, 2014, The EUR/USD pair initially fell during the course of the week, but for the third week in a row found support below, and ended up forming a hammer. Because of that, we believe that the Euro is about to get a bounce, not only because of this chart, but because of some other EUR related charts. With that, we think that we are heading to the 1.35 handle first, and then will have to make more significant decisions at that level. In the meantime, we would not be interested in selling this market until we get below the 1.33 level.

Bad US data for the past 3 days, yet dollar is gaining strength against yen.

Minimum target of 1327.55 for gold this week coming up. Silver likely to bottom around 19.468, if it hasn't already. And can lift off hardcore, taking it above $21 toward around 21.30 level.

Hitting some resistance at 1.3380 if we break this most likely down to 1.3375 which is next resistance point.

Yesterday's low seems to be the resistance!

1 Hour chart of the last 2 weeks show super bearish chart and RSI

4H is the one that makes me a bit unsure, looking only at that we can see a W formation that should target at least 1,3450 and 1,3510 in extension, but price got rejected quite early from 1,3432, not a brutal rejection but still with som force. This together with the daily gives me reason to suspect a new test of the lower regions or even lower as we are moving away to slow from the bottom. Hourly gives bearish divergence , it's not all bearish as it could be seen as hourly is gathering force to that extra bit higher.

Thanks for sharing. Will be good for traders who dont have much time.

Strong Majority Of Gold Survey Participants See Higher Prices Next Week Simmering geopolitical concerns have the majority of participants in the weekly Kitco News Gold Survey forecasting higher prices for next week. Out of 37 participants, 27 responded this week. Of those, 18 see higher prices, six see lower prices and three see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts. Last week, survey participants were nominally bearish for this week. As of 11:30 a.m. EDT, Comex December gold was up about $17 for the week. With the tensions in the Russian-Ukrainian conflict rising again this week, an end to a cease-fire between Israel and Hamas and U.S. airstrikes on militants in Iraq, most survey participants said they were expected gold to remain supported. Technical charts also appear to show rising prices. Colin Cieszynski, senior market strategist at CMC Markets, said with gold back over $1,300 an ounce, technical charts showing are turning positive, with a series of higher lows and rising momentum, he said. Gold “has room to run if it can get through $1,322. On the fundamental side, Europe’s economy (is) weak and sanctions (are) not helping. (That) means growing pressure on (the) European Central Bank to do even more stimulus, which had boosted gold in the past. Political flare-ups in any number of places like Ukraine, Iraq, West Africa, Gaza, Libya and more could send capital fleeing into defensive havens at any time and keep trading active,” he said.

I would like to pick up some more at a lower price, we will see. I have a small long and more orders to increase it if it goes down.

Short GJ 172.105 tp 170.390

I would love to short 1.3401 during asian session, hoping it gets there.

I had a side intraday trade...very similar 1291 to 1285 (on the first bounce)... Now have sell limits set between 1287-88.

EURUSD Buy at 3350-3400, target 3700

I may agree with the topic of the post cause most of the time small trading accounts suffer wipeouts or a loss for which no necessary capital is there to cover it or recover it overtime. Big accounts often ensure stability in trading and long term prospects of trading. My first ever trading account was a small one and it got wiped out within a week or two but the bigger one afterwards never saw such fate.

And they are open for anyone to join in?

16787 I'm seeing is a pullback for 150 pips.. 16787 too 16937 then continuation short.. break of 167 at the end of the week

Survey Participants Split On Gold Prices Next Week Participants in the Kitco News’ weekly gold survey are split on their view for the direction of prices next week, although half look for weakness while the other half was divided between the bullish and neutral camps. Out of 37 participants, 24 responded this week. Twelve said they see prices down, while eight see prices up and four see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

Looks like I exited at the best time, price close back at 6821. I want to buy early asian session next week, for some easy 20-30 pips, there won't be no breaking of lows during the first few hours of next week, probably not through the whole asian session.

The ups and downs are bulls and bears fighting each other, the bears eventually lost because, they were exhausted and fresh momemtum buyers came in massively at 13385, bears got killed at 13400, 13408, 13435....each successive bear losses triggered massive stoplosses to bring us where we are.... i think next week, can see a retest of 13408 or 13400 if we are lucky.

I was looking at CoT and they say EUR is expected to fall that is from the data received yesterday, commercial hedgers are still buying EUR and there is no sign of reverse trend. Here is the report: CFTC Commitments of Traders Short Report - Financial Traders in Markets (Futures Only)

Up 120pips from early hrs on Friday and dont seem to be going down yet. Loads of data scheduled for the coming week. Expecting more upside from gold this week.

There is no important GBP news until friday, so I wouldn't mind if this was ranging between 6950-7050 until then and on friday, which is also the first day of new month, it can break to the upside/downside. Keeping my long open until a 1.7 re-test, at least, if it breaks, I will close it at 7040 and try a short there. If we break 6960, I will close it on a pullback.

If it closes above 1.7, that would be a huge step already, since its been super strong resistance all day.

clear break of 1302.35 will start buying