Open trading account 
Trading well below the 50 Day EMA some 10 days now, unable to move back up (above) again, below cloud (Senkou A and B) and finding resistance on the Kinjun.The pair has a bearish bias and looks weak after a rejected test of the upper trend line (resistance) last weekA diamond shape formation is showing up and a break lower is the play for/untill October 1st.The 200 day EMA at 94,10 (and rmoving lower) as well as the 38.20 rfibo retrace at 93.62 are pulling the pair lower for a revisit.On the we…
Erric1's Blog
XAGUSD
As prior predicted, Silver took out the 22.40$ area and now is looking for the 30$ critical level.http://www.dukascopy.com/fxcomm//technical_analysis/?action=blog&nickname=Erric1&filter_month=TechnicalAnalysisContest_June_2013On the daily chart, above Senkou B as well as above the 50 EMA,a bit overbought with a 75+ RSI reading (need to cool down a bit) but must not violate (to the downside) the 21$ areaIf so then a move to take out the 200 EMA will unfold (at 25$ now), following by a strong and …
XAGUSD
Nice bottom action at way oversold levels with a V shape almost 2$ move.Its too early to say, but we may have seen years lows.A move above 22 is in play and can shoot as high as 24 till August the 1stTaking out Tenkan and Kinjun on a daily chart will be step 1, forst 2 weeks of Julycooling out a bit just before attacking the 50 EMA (22.40 now)After that the cloud will be the challenge, among with the 23.60 retrace (22.27 area)punching through and breaking out free on the other side,printing a 38…
EURUSD
Euro ended the month just above SenkouB daily support, after a strong rallie from 1.28s to 1.34sBelow 200 EMA, below 50 EMA but looks like a consolidation-bottoming period is forming.A move higher is predicted for (till) August 1st, starting by printing a possible low to max 1.2910-15then reversing by taking out the 200 EMA 1.3060 (now) breaking the upper triangle side and finding support at the Senkou B, and/or slightly inside printing a high, higher than 1.3320 and shooting up as high as June …