Author Archives: Trade Advantage

Resistance: 1.6173 minor/1.6214 minor Support: 1.6142 moderate/1.6101 strong/1.6069 moderate GBPUSD has a bullish bias with Three Outside Up in 4-Hour charts suggesting a further push higher. As a high level pattern aggressive buys may be taken with 1.6173 as the immediate objective break of which opens the possibility of a run to 1.6214.

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GBPUSD Three Outside Up 4-Hour Chart

USDCAD Bullish Harami Hourly Chart Resistance: 0.9849 strong/0.9895 moderate/0.9925 minor Support: 0.9819 moderate/0.9772 minor/0.9743 minor Market bias for USDCAD is bearish with prices under a strong resistance level at 0.9849 the Pivot Point.

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XAUUSD High Wave Doji (Bear) Hourly Chart

S&P 500 (Dec 12) INTRADAY Review Unfortunately our S&P long strategy entry level was missed by just 6 ticks before the market rallied 10 points to top out on our second profit target. It was a lively session driven by bullish Q3 earnings from the likes of Citi Group, Goldman Sachs and J&J with more positive influences also coming from the breaking news that Germany are open to a precautionary credit line for Spain and better than expected US Industrial Production data

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Yesterday’s T-Notes strategy was spot on

Resistance: 0.8225 minor/0.8262 minor Support: 0.8183 moderate/0.8146 strong/0.8104 moderate NZDUSD has a bullish bias with Three Outside Up in Hourly charts suggesting a further push higher. As a high level pattern aggressive buys may be taken with 0.8225 as the immediate objective break of which opens the possibility of a run to 0.8262. Stop losses ideally should be placed below 0.8183.

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NZDUSD Three Outside Up Hourly Chart

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GBP/USD Intraday

USDJPY Bullish Harami 4-Hour Chart Resistance: 78.83 strong/79.02 moderate/79.16 minor Support: 78.69 moderate/78.49 minor/78.35 minor USDJPY is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 78.69, or on a bullish confirmation from the subsequent candlestick

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USDJPY Bullish Harami 4-Hour Chart

8:30am USD Building Permits 8:30am USD Housing Starts 10:30am USD Crude Oil Inventories Forecast1.4M Previous 1.7M Statistics: Posted by Bon — Wed Oct 17, 2012 5:35 am

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Daily News Events • 17th October

1minute with ForexSurvivor

Resistance: 1.3137 minor/1.3213 minor Support: 1.3095 moderate/1.3019 strong/1.2977 moderate We have a low level bearish reversal, Bearish Harami in EURUSD charts.

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EURUSD Bearish Harami Hourly Chart

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx firmed up at yesterday’s open ahead of October’s ZEW data but only managed to sustain a convincing break of the 2,500 handle to the upside following German comments on Spain. The ZEW data was yielded mixed results, with the Economic Sentiment recovering from –18.2 to –11.5 and also beating expectations of –14.9

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The Eurostoxx firmed up at yesterday’s open ahead of October’s ZEW data

GBPUSD//////// good chart /////////long ////////// entry

Resistance: 78.83 strong / 79.02 moderate / 79.16 minor Support: 78.69 moderate / 78.49 minor / 78.35 minor USDJPY is in a bear market in Hourly charts.

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USDJPY Three Outside Down Hourly Chart

Date (GMT) Event Cons. Actual Previous Oct 17 00:00 Unemployment Rate 5.200 % 5.200 %

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RU: Unemployment Rate: 5.200 %

For Today’s Exactrade of the Day we are looking at RATE, Bankrate Inc: *RATE *is gapping down into possible support on the daily chart. Look to take *RATE* long on a new high above the open with strong volume. Wait at least 2 minutes after the maket open and look to take it long once it makes a new high of the day

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Stock Watch • RATE, Bankrate Inc

8:30am USD Core CPI m/m 8:30am USD CPI m/m 9:00am USD TIC Long-Term Purchases 9:15am USD Capacity Utilization Rate 9:15am USD Industrial Production m/m 10:00am USD NAHB Housing Market Index Statistics: Posted by Bon — Tue Oct 16, 2012 5:09 am

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Daily News Events • 16th October