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Thread: Signal Trader - EUR/USD Daily Outlook by SignalTrader

  1. #11
    SignalTrader
    Guest

    Default SignalTrader.com - EUR/USD Daily Outlook, Mar 28, 2011

    Technical Overview:
    During the Asian session, EUR/USD touched the lower band of the upward channel and bounced back toward 1.4075.
    Although the short term downward momentum is still alive, we are very cautious with taking short positions.
    The lower band of the channel, as well as the 1.403-1.404 support area, are inviting us to take a short term long positions, with a tight stop. However, we will wait for a pull back before entering such a position. Only a break below 1.401 will be a short signal for us.



    Trading Idea:
    Best levels to enter LONG positions are between 1.404 and 1.4055, with Stop loss at 1.4005.
    SHORT positions should be taken only be breaking below 1.401, with a stop loss at 1.408. Target for such a break will be 1.386

    Analysis by SignalTrader.com – the leading solution for
    Automated Trading. Autotrade on Forex, Indices and Commodities.

    RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.

  2. #12
    SignalTrader
    Guest

    Default SignalTrader.com - EUR/USD Daily Outlook, Mar 29, 2011

    Technical Overview:
    As we predicted yesterday, the downward momentum was blocked at the lower band of the channel and EUR/USD rebounded more than 100 pips since yesterday's low. We are still in long positions, which were opened yesterday at 1.404-1.405. Stop loss for these positions are at 1.408. Short term bias is Bullish.
    Looking at the Daily chart – the stochastic oscillator indicates that the upward trend has just started to gain momentum and it is in a classic pattern for further gains.
    Immediate target is 1.421.



    Trading Idea:
    Best levels to enter LONG positions are between 1.411 and 1.413, with stop loss at 1.408.
    A break above 1.422 will accelerate the Bullish momentum.
    SHORT positions should be taken only be breaking below 1.401.

    Analysis by SignalTrader.com – the leading solution for
    Automated Trading. Autotrade on Forex, Indices and Commodities.

    RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.

  3. #13
    SignalTrader
    Guest

    Default Signal Trader.com - EUR/USD Daily Outlook, Mar 31, 2011

    Technical Overview:
    As we predicted, yesterday provided a great long opportunity on EUR/USD. Our levels to enter long positions were accurate and provided us with more than 100 pips for each position. The trend remains bullish. We are clearing part of the position at the current level of 1.4185, as it is very close to our first target of 1.42-1421. The stop loss for the remaining positions was moved up to 1.4115.
    Looking at the Daily chart, the pair continues to move between the bands of the upward channel. The CCI hovering around 0 yesterday was indeed a bullish sign.
    The stochastic oscillator continues to be bullish.



    Trading Idea:
    Best levels to enter LONG positions are by breaking above 1.422 with a stop loss at 1.415. First target in such case will be at 1.426 and longer term target at 1.44.
    In addition, consolidation at around 1.412-1.414 might indicate another bullish move. In such case – the stop loss should be placed at 1.404.
    SHORT positions should be taken only be breaking below 1.404 with a stop loss at 1.41.

    Analysis by Signal Trader.com – the leading solution for
    Automated Trading. Autotrade on Forex, Indices and Commodities.

    RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.

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