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May 24, 2013

EUR-USD Technical Analysis- 24th May

May 24, 2013 By smartforexeducation Leave a Comment

The EUR-USD pair broke through 1,29946 level but failed to show any strong continued strength to the upside. The highs of today tested Wednesday´s high, with a reverse move in price direction to the downside. It is very clear that the sellers are still in control of the overall long term direction. US economy is [...]

Dow Jones Technical Analysis

May 24, 2013 By smartforexeducation Leave a Comment

The Dow Jones market has gone through an amazing ride to the upside, purely based on the injection of the federal reserve money printing operation. The market has moved up with incredible force buoyed by the support of the printing press. We heard recently that Ben Bernanke and his cohorts, will be slowing down on the [...]

eToro Review- Podcast

May 23, 2013 By smartforexeducation Leave a Comment

Trading over the last 8 years, of have experienced the ups and downs of trading, this also includes using certain brokers and trading platforms. Having a great plan, strategy and trading environment is essential towards excelling and making consistent trading returns. However, without a reliable, efficient and transparent trading platform, you could be at a [...]

USD-JPY Technical Analysis- 23rd May

May 23, 2013 By smartforexeducation Leave a Comment

The continued upward pressure on the USD/JPY may have come to a short term halt. The BOJ monthly report came out earlier today, with a large amount of traders covering their long position. Look for a potential pullback to the 100.980 level, which is the support of the up trend line in addition to the [...]

EUR-USD Technical Analysis- 23rd May

May 23, 2013 By smartforexeducation Leave a Comment

The EUR/USD tested the upside previous support now resistance horizontal level, as predicted from the previous sessions review. The net long traders that had their positions executed at the up trend line support around the 1,2801 level had targets in place at around 1, 2953. Unfortunately, for the retail guys it seems like they were [...]

FX Insights

USD/JPY – Bounced from Support as Predicted May 24, 2013
USD/JPY – Bounced from Support as Predicted The USD/JPY pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis yesterday and we predicted that the price could move from this level based on our technical analysis. The pair bounced back up from its minor support [...]The post USD/JPY – Bounced from Support as […]
Naeem Aslam - Chief Market Analyst
Nikkei Swings back up and Europe is trading Higher May 24, 2013
Asian markets closed modestly higher on the last day of the week. The Nikkei 225 which lost over 7.1% yesterday was able to recoup some of its losses today and closed higher with a gain of 0.88%. Tokyo did open strongly higher today, but then it slipped from its highs as the governor of the [...]The post Nikkei Swings back up and Europe is trading Higher app […]
Naeem Aslam - Chief Market Analyst
EUR/USD- Technical points Bullish outcome May 24, 2013
The EUR/USD pair has formed a reverse complex Head & Shoulder pattern on a 30 minute time frame. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which suggest that bias could be to the upside. The volatility for the pair remains low as [...]The post EUR/USD- Technical points Bullish outcome appeare […]
Naeem Aslam - Chief Market Analyst
Daily Briefing- Asia recovered last night and Europe Trading Mix May 24, 2013
Currencies EUR/USD- the pair has formed a complex reverse Head & Shoulder pattern a 30 minute time frame. The RSI is showing that the bias could be towards the upside. USD/JPY- the price action bounced back from a support zone on a 30 minute time frame. This support level was given in our analysis on [...]The post Daily Briefing- Asia recovered last nig […]
Naeem Aslam - Chief Market Analyst
AUD/USD – Bounced from its Support As Predicted May 23, 2013
Bullish Scenario The AUD/USD pair has bounced back up from its support zone on a daily time frame. This support zone was given in our analysis on the 15th of May. The volatility for the pair was peaked at this level because the price was extending its piercing of the Bollinger band at an important level [...]The post AUD/USD – Bounced from its Support As Pre […]
Naeem Aslam - Chief Market Analyst

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