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

  1. #1
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook by SignalTrader

    Technical Overview:
    Looking at the Daily chart, EUR/USD downward momentum has stopped on the critical support area of 1.385-1.386.

    Trading Idea: Best levels to enter LONG positions are between 1.385 and 1.387.
    Target is between 1.391 and 1.393.
    A break below 1.385 will be a strong SHORT signal.
    Analysis by Signal Trader – 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. #2
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 10, 2011

    Technical Overview:
    As we predicted yesterday, the short term long at 1.385 with the target of 1.391-1.393 was just accurate. A nice move of between 50 and 60 pips.
    This morning, toward the end of the Asian session, the pair broke the crucial support at 1.385. Therefore, we are now looking only for SHORT positions.
    Looking at the Daily chart, EUR/USD short term downward momentum has accelerated and the immediate target is 1.378 – the lower band of the equidistant channel.
    The second target is at 1.371. We believe that the break of the 1.385 is so significiant that this target is very much achievable in the short term.

    Trading Idea:
    Best levels to enter SHORT positions are anywhere between 1.382 and 1.385.
    First Target is at 1.378, second target is at 1.371.
    A break above 1.388 will be a signal to exit short positions. Only a break above 1.394 will be a long signal.

    Analysis by Signal Trader – 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. #3
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 14, 2011

    Technical Overview:
    The week started with a nice gap up. We believe that the market will close this gap and we see this gap as an opportunity for SHORT positions. As you can see on the daily chart, the pair is moving within the channel and we believe it will go down toward the lower band.
    Therefore, our short term target is at 1.386

    Trading Idea:
    Best levels to enter SHORT positions are anywhere between 1.395 and 1.397.
    First target is closing the gap at 1.39 and second target is the lower band of the channel at 1.386.
    A break above 1.401 will be a signal to exit short positions. Only a break above 1.4035 will be a long signal.

    Analysis by Signal Trader – 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.

  4. #4
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 15, 2011

    Technical Overview:
    Very volatile morning for the EUR/USD after Japan’s Nikkei tumbled and increased uncertainty and volatility of all financial markets.
    Our SHORT positions from yesterday are still alive.
    EUR/USD almost reached our stop loss at 1.401, but failed to do so, which resulted in a 100 pips downward move.
    Therefore, our first target of 1.39 was reached.
    Our trading bias is still SHORT and we believe the downward momentum will accelerate later on this week.

    Trading Idea:
    Best levels to increase SHORT positions are anywhere between 1.391 and 1.394.
    First target is the lower band of the channel at 1.386
    Second target is around 1.371
    We are moving our stop loss higher and place it at 1.3965. Long signal will be only by breaking above 1.401.

    Analysis by Signal Trader – 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.

  5. #5
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 16, 2011

    Technical Overview:
    EUR/USD continues to move between the bands of the channel. Yesterday, the pair reached our first target of 1.386, exactly at the lower band of the channel and bounced back 150 pips toward the significant resistance area at 1.401.
    Half or our short positions was closed at 1.386 and the second at our stop loss of 1.3965.
    Our trading bias for today is neutral. We will wait for a break below the lower band of the channel to enter short positions or to a break above the resistance area of 1.401 to enter long positions.

    Trading Idea:
    Best levels to enter SHORT positions are at 1.385 or at the 1.4000 area with a stop loss at 1.402.
    Long positions should be taken should the pair break above 1.401.
    In such case, the stop loss will be placed at 1.397.

    Analysis by Signal Trader – 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.

  6. #6
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 17, 2011

    Technical Overview:
    EUR/USD continues to move between the bands of the channel. For the third consecutive day, the lower band, which rises each day by approximately 15 pips, supports and holds any break down attempt. As for today the lower band of the channel is at 1.389.
    Our trading bias for today is neutral. We will wait for a break below the lower band of the channel to enter short positions or to a break above the resistance area of 1.401 to enter long positions.

    Trading Idea:
    Best levels to enter SHORT positions are between 1.387 and 1.388. Long positions should be taken should the pair break above 1.401. In such case, the stop loss will be placed at 1.397.

    Analysis by Signal Trader – 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.

  7. #7
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 21, 2011

    Technical Overview:
    EUR/USD broke above the significant resistance of 1.404 on Friday.
    As we wrote last week, a break above 1.401 is a significant bullish sign, and indeed the pair gained almost 200 pips after breaking it. It was blocked earlier today, during the Asian session, near the 1.42 resistance level.
    Its short term bias is Bullish. However, the RSI on the Daily chart is approaching overbought level.
    Therefore, our trading bias for today is Neutral.
    We will wait for either a break above 1.42 to enter long positions or a break below 1.404 to enter short positions.



    Trading Idea:
    Best level to enter SHORT positions is around 1.403. Long positions should be taken should the pair break above 1.42.
    Between 1.404 and 1.42 our bias is to stay out of the market.

    Analysis by Signal Trader – 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.

  8. #8
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 22, 2011

    Technical Overview:
    Yesterday, EUR/USD broke above the resistance of 1.42. This is a significant Bullish sign and was a signal to enter long positions.
    Its short term bias is Bullish. The immediate target is the 14-month high of 1.4281.
    A break above 1.428 will be another bullish sign, which will make the target for the pair at 1.45.
    However, the area between 1.426 and 1.428 is full with resistances. Therefore – some of the profits should be taken at that level.
    The RSI on the Daily chart is hovering around overbought level. However, unlike the classic technical books, a break above 70 may actually accelerate the bullish trend.





    Trading Idea:
    Best levels to enter LONG positions are between 1.42 and 1.423.
    Stop loss should be placed at around 1.418.
    Part of the position should be closed at the first target of 1.428 should the pair reach it.
    Only a break below 1.404 will be a short signal.

    Analysis by SignalTrader.com – the leading solution of all the
    Forex Systems. Automated Trading 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.

  9. #9
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 23, 2011

    Technical Overview:
    The upward momentum, which accelerated by breaking above 1.42, was blocked at the resistance area of 1.425. The pair consolidated at 1.423-1.424 and finally bounced toward 1.415.
    Once again, the 70 level of the daily RSI, which indicates entering overbought levels, was not breakable.
    In the last 3 times such occurred, the pair lost 200-300 pips (we marked these occasions on the Daily chart). Thus - a reasonable short term target may be 1.395-1.40.
    The pair continues to move between the bands of the upward channel.
    Its short term bias is Bearish.
    The downward momentum should face its first main difficulty at 1.404 level.
    The significant resistance area remains between 1.425 and 1.428.



    Trading Idea:
    Best levels to enter SHORT positions are anywhere between 1.415 and 1.42. At 1.404 area some profits should be taken.
    Stop loss is at 1.4215. Second target is at the lower band of the channel at 1.398.
    LONG positions should be taken only be breaking above 1.425, with a stop loss at 1.419 or at 1.404-1.405 area, with a stop loss at 1.3985.

    Analysis by SignalTrader.com – the leading solution of all the
    Forex Systems. Automated Trading 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.

  10. #10
    SignalTrader
    Guest

    Default Signal Trader - EUR/USD Daily Outlook, Mar 24, 2011

    Technical Overview:
    As we predicted yesterday, the downward momentum continued and accelerated. EUR/USD rebound attempts were blocked exactly at the resistance area we mentioned of 1.4215. Once again, the RSI 70 level blocked the bullish momentum and after hovering around 1.42 the pair lost 150 pips. The pair is very close now to the next support of 1.404-1.405. Therefore, we just took profits at 1.4055 and we are waiting for either breaking below 1.402 to return to short position or a break above 1.4125 to enter long.
    The pair continues to move between the bands of the channel. The lower channel is now at around 1.399.



    Trading Idea:
    Best levels to enter SHORT positions are between 1.401 and 1.402, with stop loss at 1.408.
    LONG positions should be taken only be breaking above 1.4125, with a stop loss at 1.4065 or at 1.404-1.4055 area, with a target at 1.409-1.411 and stop loss at 1.4015.

    Analysis by SignalTrader.com – the leading solution of all the
    Forex Systems. Automated Trading 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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