The Free Thread

[ForexAngel512]

Current levels (1.1607) are perfect for opening a short position. Half of the position is opened now. Other 50% - at a level of 1.1620. Wish me luck!

 

[NVP]

I am waiting for the markets to speak freely to me, until then my cash will do the talking.

i’ve been trying for 20 years on forex ....I still seem to have a communication issue

 

[ForexAngel512]

GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.

 

[ForexAngel512]

GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.

Unfortunately, my SL has triggered. Waiting for better levels to open a short position.

 

[ForexAngel512]

Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).

 

[ForexAngel512]

GBP/USD: The current level - between 1.3070 and 1.3080 is a good support/resistance level. Let's see how the week will begin.

 

[ForexAngel512]

So it bounced up from the above mentioned area. The next best is 1.3170.

 

[ForexAngel512]

My expectations for GBP/USD are up for testing 1.3215/50.

 

[Vasi]

Euro / dollar attempted to rise yesterday, reaching peak at 1.1724, but then dropped and closed lower at 1.1666. Trade signals are neutral for now, probably with slight downside signals for testing 1.1620. A clear breakthrough and daily closure below this level would have to take the price of a retest of key support 1.1530. On the upside, the 1.1733 - 1.1785 area remains an important resistance and a good place for short positions with narrow stops above 1.1785. A clear breakthrough over this zone will activate my upward model with the nearest bull target in the 1.1850 - 1.1900 range.

 

[ForexAngel512]

It looks like EUR/USD is forming a sideways range between 1,1520 and 1,1720.

 

[Vasi]

GBP/USD: 1.3220 is a good historical resistance from mid-July. If the pair manages to break it, the next level is 1.3300. On the flip side, 1.3050 is the next support level (end of August), followed by 1.2920.

 

[Vasi]

The euro / dollar had a strong upward momentum yesterday, forming a peak at 1.1784. The price slid over the EMA 200 after breaking over the trend line of resistance. This suggests a critical technical situation for bears where a clear break above 1.1785 will activate my bullish model with targets in the 1.1850-1.1900 area. The signals are upward in a near perspective. First support is at 1.1730. A clear break below this level may take the price to a neutral zone, but it will confirm the 1.1785 region as a strong resistance that must be clearly breached before reaching higher levels.

 

[ForexAngel512]

Sharp rise, followed by even sharper drop in GBP/USD. The price bounced down from 1.3300 and if the pair manages to break the strong support 1.3070, the next level is 1.3000, then 1.2910.

 

[ForexAngel512]

The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1749, losing 0.24%. I believe that support is now at around 1.1617, Monday's low, and resistance is likely at 1,1803, the high of Friday's trading.

 

[Vasi]

GBP/USD: Judging by the close of week's trade, I prefer the bearish scenario.

 

[Vasi]

EUR/USD: Next target: 1.1700.

 

[ForexAngel512]

The growth of EUR/USD seems limited to 1.1800.

 

[Vasi]

GBP/USD: The pair is extremely calm since the beginning of the week. I am waiting for a clear direction for opening a position.

 

[ForexAngel512]

Closing all the positions in two hours, because of uncertainty and volatility, surrounding FOMC rate decision.

 

[Vasi]

GBP/USD: Ahead of FOMC, the pair holds steadily above 1,3150. Let's see how the FOMC minutes will affect the pair, but so far it shows signs of stability.