Day Trade Levels EUR USD April 06,2012

Update 1(): The price found support at 1.3040 levels. The movement of the price upwards will be limited unless intense buying comes forth and the existing stops for the shorts gets triggered.  This seems like an improbable situation as many traders might be taking their Easter break.

Level Technical Significance
1.3275 10-Day MA
1.324 Daily High Apr 4
1.3211 21-Day MA
1.3165 Session High Apr 5
1.3069 03:40 GMT FRI 06 APR
1.3035 Neckline, Apr 5 Low
1.3015 21-Day Lower Bollinger
1.3004 Daily Low Mar 15
1.2974 Daily Low Feb 16

 

Technical Trading Levels EUR USD April 05, 2012

Update 1 (): After making low at 1.3110 levels, the price has rebounded. The up move might be largely limited as many who lost the opportunity to ride this wave down will take every new high as a shorting point. That coupled with an extremely thin market because of the Easter weekend might induce rogue choppy moves today.

Level Technical Significance
1.33 Hrly Lo Apr 3 Now Resist
1.328 10-Day MA
1.324 Hourly High Apr 4
1.3215 21-Day MA
1.3147 02:30 GMT THU 05 APR
1.3049 Daily Low Mar 16
1.3031 21-Day Lower Bollinger
1.3004 Daily Low Mar 15
1.2974 Daily Low Feb 16

Forex Trading Levels EUR USD April 04, 2012

Update 1 (): We are currently testing the support level mentioned yesterday 1.3180. During the past few instance, the market reversed off this point and touched 1.3430. Let us wait and watch whether the same magic happens this time too..

Level Technical Significance
1.3414 21-Day Upper Bollinger
1.3385 Daily High Mar 27
1.3368 Daily High Apr 3
1.33 Hrly Lo Apr 3 Now Resist
1.3194 02:00 GMT WED 04 APR
1.3193 Daily Low Mar 26
1.3161 100-Day MA
1.3134 Daily Low Mar 22
1.3049 Daily Low Mar 16

Update 2 (): The price literally sliced through 1.3180. As of now the bears are in control. But this pair has this habit of reversing violently off the low prices towards the end of the European session. If you missed the ride down, you can use that opportunity to short at higher levels. Extreme risk takers can try to catch the bottom and hope to cash in on the reversal trade.

Level Technical Significance
1.33 Hrly Lo Apr 3 Now Resist
1.328 10-Day MA
1.324 Hourly High Apr 4
1.3215 21-Day MA
1.3124 14:40 GMT WED 04 APR
1.3049 Daily Low Mar 16
1.3031 21-Day Lower Bollinger
1.3004 Daily Low Mar 15
1.2974 Daily Low Feb 16

 

Technical Significance levels provided by Thomson Financial LLC

EUR USD Trading Idea April 03, 2012

Update 1 (02:30): As with the last week, the price has been moving in between 1.3380 and 1.3270. We need to break through and close above or below these price points for any meaningful trend to materialize. In the meantime, make hay while the sun shines. It is a fine opportunity to increase your profit levels by buying low and selling high within this predictable range.

Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.3404 21-Day Upper Bollinger
1.3385 Daily High Mar 27
1.3346 02:30 GMT TUE 03 APR
1.3251 Daily Low Mar 29
1.3214 21-Day MA
1.3193 Daily Low Mar 26
1.3161 100-Day MA

Update 2 (14:40 GMT): The choppy price action continues. 1.3430 is the immediate resistance level and 1.3180 is the immediate support value. Expect the price to bounce in between these two levels for the very long time in the coming days.

Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.3414 21-Day Upper Bollinger
1.3385 Daily High Mar 27
1.3317 14:40 GMT TUE 03 APR
1.3251 Daily Low Mar 29
1.3219 21-Day MA
1.3193 Daily Low Mar 26
1.3161 100-Day MA

Forex Trading Idea April 02, 2012

Update 1 (05:30):

Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.3391 21-Day Upper Bollinger
1.3385 Daily High Mar 27
1.3338 05:30 GMT MON 02 APR
1.3295 Session Low Mar 30
1.3279 10-Day MA
1.3251 Daily Low Mar 29
1.3208 21-Day MA

Real-time FX Trading Idea For EURUSD March 27, 2012

Update 1 ():

Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.343 21-Day Upper Bollinger
1.3357 Daily High Mar 1
1.3352 02:30 GMT TUE 27 MAR
1.3253 Hourly Support Mar 26
1.3193 Session Low Mar 23
1.317 10-Day MA
1.3134 Daily Low Mar 22

Algorithmic Trading Strategies For EURUSD March 26, 2012

Update 1 (04:30 GMT): Seems like they have not switched on the algorithmic trading systems today. Ever since the beginning of the session, we have been moving in a small 27 pip range. Immediate resistance levels are seen at around 1.3300 and above. Gauging from the sluggish trading activity, we must fall further down from these level unless intense buying comes into the scene.

Level Technical Significance
1.3486 Daily Highs Feb 24 & 29
1.3456 21-Day Upper Bollinger
1.3357 Daily High Mar 1
1.3333 Daily High Mar 2
1.3257 04:30 GMT MON 26 MAR
1.3218 Hourly Support Mar 23
1.3188 Hourly Lows Mar 23
1.3167 10-Day MA
1.3134 Daily Low Mar 22

Update 2 (14:44 GMT): The price has cut through some major resistance levels after displaying intense weakness during the Asian session. The problem when new high price is created remains the same; the prices can (a) either surge even higher while triggering the stops (b) or fall steeply from the high price. In this moment of uncertainty, please trade with adequate caution. As of now, some of the major players in the market are holding long positions. These include (a) IFR Markets and (b) HSBC Bank. IFR Markets – holding longs from 1.3225. SL 1.3155. Target 1.3450. HSBC Bank – Buy 1.3200 to 1.3250. SL 1.3090. Target 1.3600

Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.3422 21-Day Upper Bollinger
1.3357 Daily High Mar 1
1.3327 14:30 GMT MON 26 MAR
1.3253 Hourly Support Mar 26
1.319 Hourly Lows Mar 23
1.317 10-Day MA
1.3134 Daily Low Mar 22
%d bloggers like this: