MARKET ANALYSIS - Intraday Analysis EUR/USD

MARKET ANALYSIS - Intraday Analysis EUR/USD


Upwards scenario: Possible upwards extension above the resistance level at 1.3266 (R1) is liable to commence medium-term bullish structure. Important fractal levels offers next targets at 1.3282 (R2) and 1.3298 (R3) in potential. Downwards scenario: As long as price stays below the moving averages our short-term outlook would be negative. Possible extension lower the 1.3240 (S1) is being able to drive market price towards to initial supports at 1.3226 (S2) and 1.3211 (S3).
Resistance Levels: 1.3266, 1.3282, 1.3298
Support Levels: 1.3240, 1.3226, 1.3211

Gold Forecast September 10, 2013, Technical Analysis

Gold markets did very little during the session on Monday, as we continue to hang around just below the $1400 level. This being the case, the market seems very calm at the moment and we believe that it is essentially waiting to find out what the Federal Reserve will do about quantitative easing or whether or not to taper. That being the case, we feel that this market will continue to be more of a short-term traders type of market, and will be very difficult to buy or sell for any real length of time.

Xau/Usd Free Signal (MONDAY, SEPTEMBER 9, 2013)

Xau: Buy at 1377 tp 1388, 1396
stop: 1370

How Will You Trade After Getting News??

Capital markets, in general, are unique from other markets for
goods and services. While I do believe the Forex is driven by supply and demand
for the respective currencies at play, often what really moves the markets is
anticipation of future supply and demand rather than actual supply and demand.
That realization comes to most traders at some point in their career. This
concept leads to the biggest question in the Forex: where do these estimates of
supply and demand come from?

EUR/USD forecast for the week of September 9, 2013, Technical Analysis

The EUR/USD pair tried to fall during most of the week, but as you can see got a bit of a bounce on Friday in response to the less than spectacular non farm payroll numbers coming out of the United States. On top of that, there is obviously some support in this general vicinity, and as a result it makes sense that the Euro bounced from there. When forward, one of the most important weeks is about to come for the Forex markets, which of course is the decision on whether or not the Federal Reserve is going to taper off of quantitative easing.

Gold Prices September 9, 2013, Technical Analysis

Gold markets bounced 1% during the session on Friday, as the nonfarm payroll numbers disappointing coming out of the United States. This has the market thinking that the Federal Reserve may not be able to taper off of quantitative easing anytime soon, and this of course devalued the US dollar. As a result, it takes more of those US dollars to buy gold, which of course makes common sense. However, we recognize that there is a significant amount of resistance above at the $1425 handle, so we think that the right higher is going to be choppy, but right now it does look like this market is well supported at $1350, and until we get below that we would have absolutely no way of shorting this market.

Introduction to forex trading

What is forex?

The foreign exchange market, usually referred to as forex or FX, is the international market for buying and selling currencies. Forex is also the largest financial market in the world. With a daily turnover of 4 trillion dollars, it is 160 times bigger than the New York Stock Exchange (NYSE). Currencies are traded in currency pairs. For example, you can exchange the Euro for the US dollar or the US dollar for the Euro (EUR/USD). Currencies need to be exchanged in order to enable international trade, investment, and tourism. But besides that, much of forex trading is done for purely speculative purposes. If you think that the Euro will appreciate against the American dollar, you can buy the Euro now and sell it with a profit after its price increases. However, if you are wrong and Euro in fact depreciates, you will lose money.