Author Archives: Trade Advantage

1minute with ForexSurvivor

DAILY NZD/USD OUTLOOK – 0.8240 27 Feb 2013

Resistance: 1.5151 strong / 1.5190 moderate / 1.5257 minor Support: 1.5084 moderate / 1.5045 minor / 1.4978 minor Dragonfly Doji (Bear) is just under the pivot point in GBPUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 1.5151, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 1.5084 then on to 1.5045 break of which gives us a run on the market.

Here is the original post:
GBPUSD Dragonfly Doji (Bear) Hourly Chart

Resistance: 1.5151 strong / 1.5190 moderate / 1.5257 minor Support: 1.5084 moderate / 1.5045 minor / 1.4978 minor Dragonfly Doji (Bear) is just under the pivot point in GBPUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 1.5151, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 1.5084 then on to 1.5045 break of which gives us a run on the market.

Here is the original post:
GBPUSD Dragonfly Doji (Bear) Hourly Chart

Forecast for 26th February 2013 Spot Euro EURUSD made it much further than expected to 1.3314 but then collapsed. We are just holding on to support in the 1.3060/40 area & could see a bounce back to 1.3132, possibly 1.3190/00. Here we could hit selling pressure so watch for a high but a push through 1.3240 could see us reaching 1.3282/96. We are back in the long term down trend so any rally is expected to be short lived. A break below 1.3030 is very possible for 1.3000. Below here we could

Here is the original:
Spot Euro, Eurostoxx, Natural Gas, E-Mini S&P, Dax, FTSE 100

Resistance: 1.5216 moderate/1.5270 minor/1.5342 minor Support: 1.5144 strong/1.5090 moderate/1.5018 minor GBPUSD is generally bullish with a high level bearish reversal pattern Three Inside Down in 4-Hour charts just above a strong support level at 1.5144, the Pivot Point. Look to sell on a push under 1.5144 with stop losses just above the Three Inside Down high. Our immediate objective is 1.5090 break of which may see us dropping to 1.5018.

S&P 500 (Mar 13) INTRADAY Review Yesterday was a remarkable session with the day’s range over 40 points for the S&P as investors got way over ambitious on their Italian election expectations. We had a bearish outlook with a short entry at 1523.50 looking to sell into this misplaced bullishness and the strategy worked very well. The index topped out 4 ticks above our entry just after 15.00pm GMT and then as the news began to trickle down that the Italian election results would not

Originally posted here: 
The Euro was in bullish mood yesterday morning

Resistance: 1601.58 moderate/1610.08 minor/1623.30 minor Support: 1588.36 strong/1579.86 moderate/1566.64 minor XAUUSD has a high credibility bullish pattern Three Inside Up in Hourly charts. With prices just above a strong support 1588.36, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1601.58 break of which open us to a run for 1610.08 and a possible uptrend. Learn more about the

Read the original:
XAUUSD Three Inside Up Hourly Chart

Review: The election in Italy sent shock waves through the financial market. Italy: The preliminary election result came as a negative surprise to the financial market. The reason is that it seems that the outcome of the election will be a long-lasting period of negotiations with the risk that the negotiations will break down. Hence there is a risk that Italy is in for a new election. This cocktail is quite similar to the election tumult in connection with the Greek election in 2012. This is

See the original post here:
We expect further EUR weakening

1minute with ForexSurvivor

DAILY AUD/USD OUTLOOK – 1.0266 25 Feb 2013

USDJPY Three Outside Down 4-Hour Chart Resistance: 92.40 strong / 93.95 moderate / 96.10 minor Support: 90.25 moderate / 88.71 minor / 86.56 minor Three Outside Down is just under the pivot point at 92.40 in 4-Hour USDJPY charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 90.25 break of which should see us move to 88.71. Stop loss should be placed above 92.40. For pattern explanation and visual

Original post:
USDJPY Three Outside Down 4-Hour Chart

Resistance: 1.5165 moderate/1.5219 strong/1.5307 moderate Support: 1.5077 minor/1.5023 minor We have a low level bullish reversal pattern in Hourly GBPUSD charts, Hammer. Look for a possible technical correction. Consider buys if the pattern is confirmned with stops ideally under 1.5077. The immediate objective will be a push for 1.5165 break of which opens us to a reversal for a move to the 1.5219, the daily Pivot Point. XAUUSD Bearish Harami 4-Hour Chart Resistance: 1601.64 minor/1618.51

Go here to read the rest:
GBPUSD Hammer Hourly Chart

1minute with ForexSurvivor

Review: The UK downgraded by Moody’s The UK: GBP weakened markedly following the rating downgrade. On Friday night, the rating agency Moody’s announced that the UK’s rating had been downgraded from Aaa (Aaa is the highest rating) by one “notch” to Aa1- with stable outlook. Already last week, rumour had it that a downgrade was in the offing, and Moody’s, Fitch and Standard & Poor’s already had the UK on negative outlook. For this reason alone, we found it surprising that the initial

See more here:
Empty calender – focus on the election i Italy

1minute with ForexSurvivor