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DAY 5 - FUNDAMENTAL VS TECHNICAL TRADING

alifari Posted 5 July  in #Trader's blog #Trading #Fundamental #Technical
I consider myself a pure technical trader using supply & demand along with price action to execute trades. However, as a trader I understand that there are certain scenario where technical analysis are no more valid and fundamental aspect completely overshadow technical view.
The reason I brought up this issue is recent development related to Greece is one of those events, where purely fundamentals may dictate price action in next few days and as such as a trader we I have to be cautious trading…
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GBPUSD PRICE FORECAST FOR AUGUST 1ST 2014

alifari Posted 30 June as Analysis on GBP/USD, Target: 1.7400, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/USD #Forecast #Technical #Gbpusd #Price
GBPUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Monthly
2) Weekly Chart

Price Target 1.7400 for 1st August 2014
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DAY 3 - Succinct Summations Week Ending May 2, 2014

alifari Updated 3 May  in #Trader's blog #Fundamental #Technical #Weekly #Summary
Being a technical trader myself I spend hours in fine tuning my technical analysis in order to predict future price reaction at different levels, zones etc. However, as a trader we also need to be aware of fundamental aspect of currencies we are trading. Here are succinct summations of events for week ending May 2, 2014
Positives:
1. April Nonfarm Payrolls came in at 288k, well ahead of the 210k expected.
2. Unemployment rate fell to 6.3%, down from 6.7% last month — lowest number in five years…
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4 Comments
Daytrader21 avatar
Daytrader21 3 May

Jesse Livermore is the best:)

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alifari 3 May

I agree 100%, there is so much to learn from his quotes.

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INFINITEisTHElimit 3 May

I like Jesse Livermore , Incredible life !

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DaytradeMillionaire 3 May

Jesse my favourite quote source when it comes to trading, thats why I quoted him twice in my current article :)

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EURUSD PRICE FORECAST FOR 2ND JUNE 2014

alifari Posted 30 Apr. as Analysis on EUR/USD, Target: 1.365, Date: 2nd of June, 12:00 GMT  in #Technical analysis #Analysis #Forecast #Technical #EUR/USD
EURUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) H4 Chart
Price Target 1.3650 for 2nd June 2014
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alifari 11 May

Update 1: Price breached the daily supply zone for a short while and hit 1.3990 level where there was heavy selling and price dropped almost 250 pips in two days. The bearish trend should continue in coming days, however we could see some shallow retracements to get more sellers on board.

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alifari 28 May

Update 2: There was no selling interest and no real retracement and price dropped another 160 pips since my last update. Price is currently at daily demand zone 1.3600 - 1.3580. If buyers step in we could see a retracement into 1.3675 level in next few days. Price is currently about 40 pips below my target.

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AUDUSD PRICE FORECAST FOR 2ND JUNE 2014

alifari Posted 30 Apr. as Analysis on AUD/USD, Target: 0.945, Date: 2nd of June, 12:00 GMT  in #Technical analysis #Analysis #Forecast #Technical #Audusd #AUD/USD
AUDUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 0.9450 for 2nd June 2014

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alifari 11 May

Update 1: At the beginning of month we saw the supply zone at 0.9315 held and price dropped around 110 pips and hit 0.9200 level, where there was heavy buying interest and the buyers took the price all the way upto 0.9390 level. I am anticipating this buying spree to continue in coming days, until 0.9550 level is hit.

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Gold Technical Analysis

alifari Posted 23 Mar.  in #Trader's blog #Analysis #Technical #Gold
We have seen quite a big drop in Gold this week as the 1392 level once again had lot of selling interest. Nothing much has changed fundamentally and broad economic narrative remains the same, and hence the factors that caused prices to declined between Monday to Wednesday is essentially something to do with technical view. If we look from technical perspective, the level between 1392 and1395 have historically been a sell zone and from supply & demand point of view it was a Weekly supply zone and…
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NZDUSD Analysis

alifari Posted 21 Mar.  in #Trader's blog #Fundamental #Technical #Nzdusd #Anlaysis
Fundamental View
New Zealand Dollar is considered a risk appetite currency and tend to perform well in time of stable growth across the board. NZDUSD has performed well since February 2014 and in last couple of months it has gone up around 580 pips and just shy of April 2013 high of 0.8675. However, this pair sunk heavily after press conference by Fed Chairman suggested that rate hikes may happen "around 6 months" after the end of QE program, strengthening USD and dampening risk appetite across …
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GBPUSD TECHNICAL & FUNDAMENTAL ANALYSIS 11TH MARCH 2014

alifari Posted 11 Mar.  in #Trader's blog #Analysis #Fundamental #Technical #Gbpusd
Technical View

The last week or so has seen GBPUSD edge higher back towards the short term resistance level at 1.6770. However, since the beginning of this week GBPUSD fallen about 140 pips and almost hitting Daily support at 1.6580. Just above the 1.6770 level is the resistance level at 1.6820 which continues to loom large and is ready to offer an obstacle to higher prices should the GBPUSD rally again. I am expecting retest of resistance at 1.6820 level in coming weeks.
Fundamental View
…
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Trading Day - February 14th

alifari Posted 14 Feb.  in #Trader's blog #Analysis #Fundamental #Eurusd #Technical #Review
Entered couple of trades today based on bull trap on 30 minutes, however price action was slow and as such price consolidated in 30 pips range on both EURUSD and NZDUSD. Had to close EURUSD trade due to weekend leverage and tightened stop loss on NZDUSD. Was expecting some sell-off on both these pairs in New York session, but looks like majority of traders are out due to Valentine's Day.
Yesterday bullish move on EURUSD was somehow justified today after good 4th quarter preliminary GDP numbers f…
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alincik 14 Feb.

Have a good weekend!

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