My Currencies

SWIFT Code Bank in Malaysia

noreply@blogger.com (Anonymous) — Fri, 20 Jun 2014 19:42:00 +0000

Nama Bank - Bank MEPS Routing Kode, SWIFT code.
AFFIN BANK BERHAD - PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD - MFBBMYKL
AMBANK BERHAD - ARBKMYKL
BANK ISLAM MALAYSIA BERHAD - BIMBMYKL
BANK Kerjasama Rakyat BERHAD - BKRMMYK1
BANK MUAMALAT BERHAD - BMMBMYKL
BANK OF AMERICA - BOFAMY2X
BANK NASIONAL Berdasarkan jenis dan mata - BSNAMYK1
CIMB BANK BERHAD - CIBBMYKL
CITIBANK BERHAD - CITIMYKL
DEUSTCHE BANK - DEUTMYKL
EON BANK BERHAD - EOBBMYKL
HSBC BANK MALAYSIA BERHAD - HBMBMYKL
Malayan Banking Berhad - MBBEMYKL
OCBC BANK (M) BERHAD - OCBCMYKL
PUBLIC BANK BERHAD - PBBEMYKL
RHB BANK BERHAD - RHBBMYKL
STANDARD CHARTERED BANK BHD MSIA - SCBLMYKX
ROYAL BANK OF BERHAD SCOTLAND (RBS) - ABNAMYKL
UNITED OVERSEAS BANK - UOVBMYKL

Price action for the GBPUSD - 20 june 2014

noreply@blogger.com (Anonymous) — Fri, 20 Jun 2014 15:04:00 +0000

Should price action for the GBPUSD remain inside the 1.7020 to 1.7060 zone the following trade set-up is recommended:

Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ 1.7040
Take Profit Zone: 1.6720 – 1.6760
Stop Loss Level: 1.7130

Should price action for the GBPUSD breakdown below 1.7020 the following trade set-up is recommended:

Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 1.6720 – 1.6760
Stop Loss Level: 1.7130

Should price action for the GBPUSD breakout above 1.7060 the following trade set-up is recommended:

Timeframe H4
Recommendation: Long Position
Entry Level: Long Position @ 1.7070
Take Profit Zone: 1.7170 – 1.7200
Stop Loss Level: 1.7020

Open your account from PLUS500 Now.

FOMC announcement

noreply@blogger.com (Anonymous) — Thu, 19 Jun 2014 20:35:00 +0000

Wednesday was finally a day with market moving news in it: the FOMC announcement. This information would be revealed to the market in the afternoon and since there was nothing happening before that, the market was as dead as a *cough* normal day.

At 2:15pm ET the announcement hit the tape and we read the following...

• FED REPEATS LOW RATE LIKELY FOR CONSIDERABLE TIME AFTER QE ENDS

• FED SAYS HIGHLY ACCOMMODATIVE POLICY `REMAINS APPROPRIATE'

• FED TAPERS BOND BUYING TO $35 BLN MONTHLY PACE FROM $45 BLN

In essence, there was no surprise from the Yellen Fed. The FOMC kept its promise to continue its reduction of QE; however, until it ends, the Fed is still EXPANDING the monetary base. Moreover, the Fed promised that its ZERO interest rate policy (ZIRP) is not only here to stay - but will probably be extended forever.

Why would the Yellen Fed say that it will extend ZIRP "for an extended period of time" (read: as long as it wants) if everything is fine? That is to say; the so-called recovery is chugging along like a drunk at an open bar. Uhh, coz it aint.

Fed officials slashed their growth forecast for 2014 from 2.9% to as low as 2.1%. What was a prior "forecast;" as bad as (read: as high as) 4%. What a joke!

But don't worry, the latest clueless economist-guesser said the following "Economic activity is rebounding in the current quarter and will continue to expand at a moderate pace...The economy is continuing to make progress towards our objectives" of full employment and 2 percent inflation.

Just give her another 10 YEARS or so and maybe her and the last naive clown that ran the FOMC will have both been correct.

Signal Price Gold recommendation for 19-20 june 2014

noreply@blogger.com (Anonymous) — Thu, 19 Jun 2014 13:12:00 +0000

Should price action for Gold remain inside the 1,277 to 1,281 zone the following trade set-up is recommended:

Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ 1,279
Take Profit Zone: 1,258 – 1,262
Stop Loss Level: 1,286

Should price action for Gold breakdown below 1,277 the following trade set-up is recommended:

Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 1,258 – 1,262
Stop Loss Level: 1,286

Should price action for Gold breakout above 1,281 the following trade set-up is recommended:

Timeframe: H1
Recommendation: Long Position
Entry Level: Long Position @ 1,282
Take Profit Zone: 1,295 – 1,298
Stop Loss Level: 1,276

Price action for the EURUSD - 17june2014

noreply@blogger.com (Anonymous) — Tue, 17 Jun 2014 12:31:00 +0000

Should price action for the EURUSD remain inside the 1.3550 to 1.3590 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3570
Take Profit Zone: 1.3890 – 1.3930
Stop Loss Level: 1.3440
Should price action for the EURUSD breakout above 1.3590 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ Retracements in the trend; buy orders during dips
Take Profit Zone: 1.3890 – 1.3930
Stop Loss Level: 1.3440
Should price action for the EURUSD breakdown below 1.3550 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3540
Take Profit Zone: 1.3380 – 1.3420
Stop Loss Level: 1.3600

Tips for Consumers Insurance Malaysia

noreply@blogger.com (Anonymous) — Mon, 16 Jun 2014 11:25:00 +0000

Read the policy contract carefully
You have to read and understand the terms and conditions of the policy upon receiving the policy contract from insurance companies. You are given 15 days from the date of receipt to scrutinise contents of the policy. Use this opportunity to validate the information and evaluate whether the policy suits your requirement. Understand the limitations or the exemption clauses. Please contact the insurance company or its agents for further explanation, if necessary.
Importance of disclosure
You must disclose all material facts in your application form completely. If your agent fills up the application form on your behalf, please read and understand the requirements in the form prior to signing the form. Failure to do so could cause your insurance policy to be terminated or the insurance company might repudiate your claims.??
Purchase of insurance policy
You can purchase insurance policy either directly from the insurance company, through authorised agent, or banks/financial institutions which has bancassurance arrangement with insurance companies. If you are buying the insurance policy from an agent, please ensure that he/she is an authorised agent of the insurance company. If you have doubt, request for proof such as registration/authorisation card of the agent or contact the insurance company directly. All authorised agents are registered under Persatuan Insurans Am Malaysia (PIAM) or Persatuan Insurans Hayat Malaysia (LIAM).
Premium payment
You have the choice to either pay the premium directly to the insurance company or through agents. You have to ensure payment is made under the insurance company?s name and also ensure that you receive the original receipt from the insurance company. Avoid making cash payment to the agents, if possible

Tips on Financial for Consumers Banking

noreply@blogger.com (Anonymous) — Mon, 16 Jun 2014 11:19:00 +0000

Read the terms and conditions of a contract carefully
You have to read and understand the terms and conditions of an agreement/contract for any loan or investment related product prior to signing any related documents.
Responsibilities of a guarantor
You have to understand the responsibilities and obligations of a guarantor. Guarantors are legally bound to make repayment if the borrower fails to settle the loan.
Disclosure of financial information
Do not disclose your financial information such as account number, credit card number, password and other personal particulars to third parties either via telephone, e-mails or any links in websites.
Transactions at ATM machines
Do not allow third parties to make transactions at ATM machines on your behalf, even to those whom you know such as your spouse.
Credit card transactions
Credit cards should be used as a payment instrument and utilisation should be within your means. Please verify the amount swiped after each credit card transaction and make sure the card returned belongs to you. ?
Submission of documents
Be cautious before submitting photocopies of your identification card or passport to third parties, other than to financial institutions or lawyers acting on your behalf.

Internet banking facilities
Do not be deceived into opening an internet banking account in order to win prizes or inheritance from an unknown party. This could be a scam! If you have already done so, contact and report to your bank and to the police immediately for their further action, also keep Bank Central.
Memory cache function
Do make sure that you have log-out properly after using the internet banking and clear the memory cache after completing the transactions.

International reserves of Bank Negara Malaysia

noreply@blogger.com (Anonymous) — Mon, 16 Jun 2014 10:49:00 +0000

My currencies of the international reserves of Bank Negara Malaysia amounted to RM427 billion (equivalent to USD130.9 billion) as at 30 May 2014. The reserves position is sufficient to finance 9.1 months of retained imports and is 1.3 times the short-term external debt.
Refers to the redefined short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt. For more information, please refer to the box article entitled 'The Redefinition of External Debt' in the Quarterly Bulletin on Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2014.

Normally Global Bank Invest

noreply@blogger.com (Anonymous) — Mon, 16 Jun 2014 10:35:00 +0000

Carney’s support of a more hawkish Bank of England policy quickly translated to the local sovereign bond market. The 2-year Britain Government Bond traded at levels reflecting around 0.82%-0.83% yield during the start of Friday’s session, versus 0.72% at the end of the previous day. The idea of less Sterling infused into the markets has also strengthened it against the dollar by an approximate 0.6%, to a level of 1.694. When this will translate to an actual policy change is a broad question. The Bank of England’s Official Bank Rate has been fixed at 0.5% for more than five years. All analysts currently surveyed on Bloomberg expect the BoE to keep rates unchanged at its upcoming rate announcement, on June 10th. On the other hand, the aforementioned rise in BoE rates means that investors see that taking place sooner or later.
Economic conditions in the U.K. are generally more upbeat than those of other developed economies. For instance, the local Consumer Price Index was last published to indicate a 1.7% year over year increase of prices, after being just shy of 2% in recent months. The same cannot be said regarding many countries in the rest of the Eurozone, with a Eurozone aggregate print indicating a 0.5% annual increase of prices. The bottom line is that the path to normalizing global monetary policy goes through at least one central banker declaring economic settings as reasonable. Mark Carney may just be that central banker.

Signal price EURUSD - 10th 2014

noreply@blogger.com (Anonymous) — Tue, 10 Jun 2014 14:25:00 +0000

Should price action for the EURUSD remain inside the 1.3530 to 1.3580 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3540
Take Profit Zone: 1.3870 – 1.3910
Stop Loss Level: 1.3470
Should price action for the EURUSD breakout above 1.3580 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ Retracements in the trend; buy orders during dips
Take Profit Zone: 1.3870 – 1.3910
Stop Loss Level: 1.3470
Should price action for the EURUSD breakdown below 1.3530 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3520
Take Profit Zone: 1.3440 – 1.3470
Stop Loss Level: 1.3580

Should price action for the USDCHF

noreply@blogger.com (Anonymous) — Mon, 09 Jun 2014 14:04:00 +0000

This signal effectif for 9-10June2014

Should price action for the USDCHF remain inside the 0.8910 to 0.8950 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.8930
Take Profit Zone: 0.8710 – 0.8750
Stop Loss Level: 0.9040
Should price action for the USDCHF breakdown below 0.8910 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 0.8710 – 0.8750
Stop Loss Level: 0.9040
Should price action for the USDCHF breakout above 0.8950 the following trade set-up is recommended:
Timeframe D1
Recommendation: Long Position
Entry Level: Long Position @ 0.8960
Take Profit Zone: 0.9040 – 0.9060
Stop Loss Level: 0.8910

New player in market

noreply@blogger.com (Anonymous) — Mon, 09 Jun 2014 07:02:00 +0000

The Dollar’s status as the world’s reserve currency knew its difficulties. Towards the late 1960’s, the number of dollars worldwide far exceeded the amount of gold at the Fed’s vaults. This led the Fed to announce it will no longer be able to convert dollars to gold at the aforementioned ratio, or any other, effectively departing from the gold standard. Another act often considered to counter the depart from the gold standard was an agreement signed between the U.S. and Saudi Arabia in 1973, by which Saudi Arabia's oil sales would be denominated in U.S. dollars. Naturally, this incentivized oil purchasers to hold U.S. dollars, thus creating the "Petrodollar System".
The Dollar’s status was further brought into question in recent years, as the Fed’s dovish monetary policy resulted in a surge of dollar notes entering circulation, or rather the vaults of various foreign entities. Primary central banks responded to the Fed’s actions and sought to weaken their own currency, in order to preserve their local industries competitive exporting edge. Most notable among these were the ECB and Bank of Japan.
In 2008, at the beginning of the financial crisis, the People’s Bank of China chose to peg its currency, the Renminbi, to the dollar at a fixed rate. The Renminbi strengthened from 6.83 CNY to the USD in June 2010, to around 6.21 nowadays. Additionally, China increased the amounts of gold at its vaults in recent years, paving to road to speculation that the Renminbi could someday replace the dollar as the world’s primary reserve currency. Many of the worlds' central banks either already shifted portion of their reserves from USD to CNY, or are planning to do so. Nigeria and South Korea are two examples. Many of China's recent deals to purchase energy, including the giant natural gas deal signed last month with Russia, are rumored to be denominated in CNY and not in USD, effectively circumventing Petrodollar. However, it is hard to imagine the Renmibi taking the crown as the world's top reserve currency without China further opening its capital market. A global interest in Renmibi could lead to its appreciation, which would work against Chinese exporters. That means that gaining the status of a reserve currency, which was very lucrative in the past, seems nowadays more as a honey trap.

strengthening of the USD against the EUR

noreply@blogger.com (Anonymous) — Mon, 09 Jun 2014 06:57:00 +0000

Recent weeks' strengthening of the USD against the EUR, alongside the decrease of U.S. yields, has strengthened the dollar's status as the world's financial safe haven. While gold and other precious metals have always seemed to retain their value, the same had only applied to few selected currencies. Today we will review some of the process of consolidating monetary systems, and place the dollar's status in context.
Currency is often defined as any physical mean that is used as a medium of exchange. Historically, many currencies existed only within a local scope, but the rise of global trade necessitated a medium of exchange that would be generally accepted and would be able to maintain its value. In the ancient world, precious metals were the obvious choice, mostly being conveniently minted to “standard” weights. These weights became synonymous with their value as currency. The ambiguity between the money and the commodity it was made of led to defining it as "commodity money". Two such examples of commodity money were the Chinese Tael and Greek Drachma.

Should price action for the GBPUSD 6-7June

noreply@blogger.com (Anonymous) — Fri, 06 Jun 2014 14:15:00 +0000

This signal effective for 6June2014
Should price action for the GBPUSD remain inside the 1.6810 to 1.6830 zone the following trade set-up is recommended:
Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ 1.6820
Take Profit Zone: 1.6710 – 1.6740
Stop Loss Level: 1.6870
Should price action for the GBPUSD breakdown below 1.6810 the following trade set-up is recommended:
Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 1.6710 – 1.6740
Stop Loss Level: 1.6870
Should price action for the GBPUSD breakout above 1.6830 the following trade set-up is recommended:
Timeframe H1
Recommendation: Long Position
Entry Level: Long Position @ 1.6840
Take Profit Zone: 1.6900 – 1.6920
Stop Loss Level: 1.6800

Should price action for the USDJPY -June 5-6th 2014

noreply@blogger.com (Anonymous) — Thu, 05 Jun 2014 15:45:00 +0000

This signal effective for June 5-6th 2014
Should price action for the USDJPY remain inside the 102.50 to 102.80 zone the following trade set-up is recommended:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ 102.70
Take Profit Zone: 100.90 – 101.20
Stop Loss Level: 103.60
Should price action for the USDJPY breakdown below 102.50 the following trade set-up is recommended:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 100.90 – 101.20
Stop Loss Level: 103.60
Should price action for the USDJPY breakout above 102.80 the following trade set-up is recommended:
Timeframe H4
Recommendation: Long Position
Entry Level: Long Position @ 103.00
Take Profit Zone: 103.90 – 104.10
Stop Loss Level: 102.50

Should price action for Gold

noreply@blogger.com (Anonymous) — Wed, 04 Jun 2014 12:56:00 +0000

This Forex Signal For 4-5june2014
Should price action for Gold remain inside the 1,242 to 1,248 zone the following trade set-up is recommended:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position @ 1,244
Take Profit Zone: 1,306 – 1,312
Stop Loss Level: 1,225
Should price action for Gold breakout above 1,248 the following trade set-up is recommended:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position @ Retracements in the trend; buy orders during dips
Take Profit Zone: 1,306 – 1,312
Stop Loss Level: 1,225
Should price action for Gold breakdown below 1,242 the following trade set-up is recommended:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position @ 1,239
Take Profit Zone: 1,206 – 1,210
Stop Loss Level: 1,226

Should price action for the EURUSD

noreply@blogger.com (Anonymous) — Tue, 03 Jun 2014 13:36:00 +0000

Signals For 03 June 2014

Should price action for the EURUSD remain inside the 1.3590 to 1.3630 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3600
Take Profit Zone: 1.3880 – 1.3920
Stop Loss Level: 1.3480

Should price action for the EURUSD breakout above 1.3630 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ Retracements in the trend; buy orders during dips
Take Profit Zone: 1.3880 – 1.3920
Stop Loss Level: 1.3480

Should price action for the EURUSD breakdown below 1.3590 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3570
Take Profit Zone: 1.3450 – 1.3480
Stop Loss Level: 1.3640

Forex analysis and forecast of 30.05 – 06.06

noreply@blogger.com (Anonymous) — Sat, 31 May 2014 03:15:00 +0000

EUR/USD: Forex analysis and forecast of 30.05 – 06.06: Downtrend will continue.
Estimated pivot point is at the level of 1.3670.

Our opinion: Sell the pair from correction below the level of 1.3670 with the target of 1.3470 - 1.3370.

Alternative scenario: Breakout of the level of 1.3670 will allow the price to continue growth up to the level of 1.3780.

Analysis: Presumably, downtrend continues developing. In this trend the third wave is being formed. At the moment the third wave of the junior level iii of (iii), is being formed , which is likely to extend. If this assumption is correct, and the price does not break down the critical level of 1.3670, the pair will go down in the third wave (iii) to the levels of 1.3470 – 1.3370. As an alternative scenario we can assume that after the breakdown of the level of 1.3670, the wedge can be formed and the pair may undergo deep correction to the level of 1.3780.

GBP/USD Forex analysis and forecast for 30.05 – 06.06: Probability of decline in the pair is conserved.
Estimated pivot point is at the level of 1.6810.

Our opinion: Sell the pair below the level of 1.6810 with the target of 1.6650.

Alternative scenario: Breakout and consolidation above the level of 1.6810 will enable the price to continue the rise up to the level of 1.70.

Analysis: Presumably, the formation of the third wave in the estimated downward momentum is ongoing. Locally, the formation of the third wave of the junior level iii of (iii) has completed and minor correction as the fourth wave iv of (iii) is being formed. If this assumption is true, the pair may continue the decline to the level of 1.6650 in the fifth wave v of (iii). Critical level for this scenario is 1.6810

USD/CHF Forex analysis and forecast for 30.05 – 06.06: The pair is likely to continue the rise.
Estimated pivot point is at the level of 0.8934.

Our opinion: Buy the pair above the level of 0.8934 with the target of 0.91 – 0.92.

Alternative scenario: Breakout of the level of 0.8934 will allow the pair to continue the decline within correction to the level of 0.88.

Analysis: Presumably, on the daily time frame the formation of the fifth wave, which takes a shape of a diagonal triangle, has completed. Locally, it is not excluded that upward momentum is being formed, within which the third wave is developing. If this assumption is correct, and the price does not break down critical level of 0.8934, it makes sense to expect that the pair will go to the levels of 0.91 – 092. In case of breakdown of the level of 0.8934, the pair will undergo the correction to the level of 0.88.

USD/JPY Forex analysis and forecast for 30.05 – 06.06: The decline in the pair is likely to continue.
Estimated pivot point is at the level of 102.15.

Our opinion: Sell the pair below the level of 102.15 with the target of 100.0 – 99.50.

Alternative scenario: Breakout of the level of 102.15 will enable the rise in the pair up to the levels of 103.0 – 104.0.

Analysis: Presumably, the formation of the third wave of the Zigzag АВС on the daily frame chart continues. Locally, it seems that the pair started to decline in the third wave of the junior level (iii) of iii. If this assumption is correct and the price does not break down the critical level of 102.15, the pair will continue to decline to the levels of 100.0 – 99.50.

USD/CAD Forex analysis and forecast for 30.05 – 06.06: Decline in the pair will continue.
Estimated pivot point is at the level of 1.0887.

Our opinion: Sell the pair below the level of 1.0887 with the target of 1.0795 – 1.0730.

Alternative scenario: Breakout of the level of 1.0887 will enable the pair to continue the rise up to the level of 1.10.

Analysis: Presumably, the formation of the downward correction in the fourth wave с of 4 continues. Locally it is likely that the third wave (iii) of c is being formed. If this assumption is correct, and the price does not break down the critical level of 1.0887, the pair will continue to decline to the levels of 1.0795 – 1.0730.

Chart for this analysis is on timeframe H4 and Dayli But efective on H4.1

Tapering Situation market

noreply@blogger.com (Anonymous) — Mon, 26 May 2014 08:30:00 +0000

The Federal Reserve got itself into a cumbersome situation in recent months as it tried to establish an alternative monetary policy to that outlined in Ben Bernanke’s term. The release of the Federal Reserve’s April minutes last week presented a good opportunity to skim over its rough edges. The Fed has an incentive to continue tapering its asset purchase program. At 4.3 trillion dollars, the Fed’s Balance Sheet is more than five times larger than it were a decade ago. On the other hand, at currently 45 billion dollars a month, reducing asset purchases by 10 billion dollars can only continue for a limited amount of time – four Fed decisions to be exact. The Fed knows that once QE is off the table, it will need to address its future monetary policy. Providing any indication now as to what that might be has an increasingly larger effect on the markets.
With the above a given, it is clear why April’s minutes, released on Thursday, had the incentive to convey a message of continued tapering. The usual review of the Fed’s take on the U.S. economy was provided at the minutes. Namely, it was mentioned that most of the meeting’s participants expected to see inflation returning to 2% within the next few years. Downside risks to growth were also said to have been found at the housing sector. A number of participants even expressed concerns that a persistent slowdown in housing could pose a risk to economic growth. Promises as to the day after QE3 ends were, however, avoided

Signal and analysis forex for 23.05-30.05

noreply@blogger.com (Anonymous) — Mon, 26 May 2014 08:12:00 +0000

EUR/USD: Wave analysis and forecast of 23.05 – 30.05: Downtrend will continue.

Estimated pivot point is at the level of 1.3993.

Our opinion: In the short-term: buy the pair above the level of 1.3630 with the target of 1.3770 – 1.38. In the medium-term: sell the pair from correction with the target of 1.35 - 1.3477.

Alternative scenario: Breakout of the level of 1.3993 will enable the price to continue growth to the level of 1.41.

Analysis: Presumably, the formation of the in-lead momentum as the first wave has completed. Locally, the pair may experience upward correction in the second wave to the level of 1.3770, which may take a shape of irregular plain. If this assumption is correct, following the completion of the local correction, the pair will continue to decline to the levels of 1.35 – 1.3470. Critical level for this scenario is 1.3993.

GBP/USD Wave analysis and forecast for 23.05 – 30.05: The pair is likely to decline.
Estimated pivot point is at the level of 1.6995.

Our opinion: Sell the pair below the level of 1.6995 with the target of 1.6650.

Alternative scenario: Breakout and consolidation above the level of 1.6995 will enable the price to continue the rise up to the level of 1.71.

Analysis: Presumably, the formation of the upward correction in the second wave has completed. Currently, the wave has a shape of a zigzag. Locally, it is not excluded that the decline in the third wave has started. If this assumption is correct, it makes sense to expect that in the near future the pair will fall to the level of 1.6650. Critical level for this scenario is 1.6995.

USD/CHF Wave analysis and forecast for 23.05 – 30.05: The pair is likely to rise.
Estimated pivot point is at the level of 0.8895.

Our opinion: Buy the pair above the level of 0.8895 with the target of 0.91 – 0.92.

Alternative scenario: Breakout of the level of 0.8895 will allow the pair to continue decline within correction to the level of 0.88.

Analysis: Presumably, the formation of the fifth wave, which took a shape of a diagonal triangle within the daily timeframe, has completed. Locally, it is not excluded that the price has formed the first and the second waves. If this assumption is correct, it makes sense to expect that growth will continue up to 0.91 – 092. In case of breakdown of the level of 0.8895, the pair will continue downward correction in the second wave up to the level of 0.88.

USD/JPY Wave analysis and forecast for 23.05 – 30.05: The pair is likely to decline.
Estimated pivot point is at the level of 102.36.

Our opinion: Sell the pair below the level of 102.36 with the target of 100.0 – 99.0.

Alternative scenario: Breakout of the level of 102.36 will enable the rise in the pair up to the levels of 104.0 – 105.0.

Analysis: Presumably, the formation of the third wave continues. Within this wave extension of the impetus may take place. Locally, it is assumed that the formation of the first and second wave of the junior level has completed. If this assumption is correct, the pair will continue to fall to the level of 100.0. Critical level for this scenario is 102.36.

USD/CAD Wave analysis and forecast for 23.05 – 30.05: The pair is likely to grow.
Estimated pivot point is at the level of 1.0848.

Our opinion: Buy the pair above the level of 1.0848 with the target of 1.1030 – 1.11.

Alternative scenario: Breakout of the level of 1.0848 will enable the pair to continue decline to the level of 1.0730.

Analysis: Presumably, the formation of the downward correction as the fourth wave has completed. Locally, the first wave in the fifth wave of the senior level is being formed. If this assumption is correct, and the price does not break down the critical level of 1.0848, the pair is likely to grow.

Concepts For Trading

noreply@blogger.com (Anonymous) — Wed, 21 May 2014 21:53:00 +0000

Concepts For Trading Forex involves buying one currency

And simultaneously selling another currency. Typically, major-currency British Pound (GBP), Euro (EUR), Japanese Yen (JPY), and SwissFrancs (CHF) or opposite-traded compared to the U.S. Dollar (USD). Trading partner that does not list the value of the USD is called crossing partner, and it is very rarely initiated.

The pair set out ith a base cuurency as the first couple, then followed by a quote currency. (For example, USD/JPY referred to the U.S. dollar as the base againt the japanese yen, as the quotation.)
Accompaying the pair is a quota, or bid/bargain. It is stated in the following format : EUR/USD: 1.22736 1.2739. The first number in the series represents the price bid format, the cost of selling the Euro against the Dollar,or "movement" Short "on the Euro. Second number is the bargain price, ie the cost of uying the Euro against the dollar, or the movement' long' on the Euro. Difference between the price bid/bargain is called as pip spreads.
Pip is the sllaest unit of measure for any cuurency. In most currencies, it is the fifth digit, or the fourth digit after the decimal point, in dollar through each pip is worth one hundreth of a penny. A notable exception is for the Japanese Yen, where through each pip is the second digit after the decimal point, meaning through each pip worth a penny.,

Liteforex update Pamm

noreply@blogger.com (Anonymous) — Tue, 20 May 2014 03:58:00 +0000

Liteforex update PAMM account

38 new PAMM project were added to the monitoring..

Tuesday Forex Signal

noreply@blogger.com (Anonymous) — Mon, 19 May 2014 23:28:00 +0000

Her are some setups to consider on this drap Tuesday.

A move over 1874.70 in the SP500 should have it head to 1884.50
EUR/USD in on Buy (1.3692 stop)
EUR/CHF is on Buy (1.2213 stop)
Instead of Gold, trade AUD/USD. Buy it on a move over 0.9359 (0.9338 stop)

Where to trade online ?

noreply@blogger.com (Anonymous) — Mon, 19 May 2014 23:02:00 +0000

World's Trading Machine
Where to trade online? Everything you need to know

Remember that CFDs are a leveraged product and can result in the loss of your entire deposit. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.


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Go short

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Euro continues to weaken against the Dollar

noreply@blogger.com (Anonymous) — Mon, 19 May 2014 22:15:00 +0000

The volatile trading between the Euro and the U.S dollar, due to speculation of monetary measures enacted by the ECB, morphed into rather muted traing early last week, It started with the Euro being left battered and bruised from Draghis dispersion of dovish remaks, and trading at 1.375 Dollar to the Euro , a level unseen since the beginning of April. The weakening of the Euro was re-ignited on tuesday,as an article on the Wall Street Journal stated that the German Bundesbank would be willing to back the European Central bank in "an array of stimulus measures", Te idea that the Bundesbank, often considered hawkish-oriented in advocated monetary policy could support more dovis policy, helped further weaken the Euro-sending irt to trade 50 pips lower versus the Dollar, at a level of 1.371. Wednesday saw the publishing of nomerous April European Consumer Price Indices.

However, many of those were final estimations of previously announced preliminary figures. Knowing this, investor needed something rather extraordinary in order to shake the markets. Another dosage of the usual muted inflation wouldn"t suffice to send the Euro trading lower versus the Dollar. Evidently,"the usual"was somewhat of understatement to what followed. It started the Germany CPI's final estimation confirming the preliminary figure an a muted but tolerable 1.1% annual increase, continued with the French CPI presenting 0.7% annual inflation at slightly below analyst expectations of 0.9% and even saw Spain confirming a positive 0.4% annual inflation print. With nothing out of the ordinary to shake things up, the Euro gained 10 pips against the Dollar.

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Forex analysis and forecast of 30.05 – 06.06

Tapering Situation market

Signal and analysis forex for 23.05-30.05

EUR/USD: Wave analysis and forecast of 23.05 – 30.05: Downtrend will continue.

Concepts For Trading

Concepts For Trading Forex involves buying one currency

Liteforex update Pamm

Liteforex update PAMM account

Tuesday Forex Signal

Where to trade online ?

World's Trading Machine

Where to trade online? Everything you need to know

Euro continues to weaken against the Dollar