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Follow the performance page on DriveAlpha to see how the fundamental sentiments has been producing pips since last five months.Click the link below..http://drivealpha.com/pips-growth-and-performance-table/
WEEKLY Trade - XAUUSD
We expect XAUUSD to retrace back to 1330 being major support in the coming days. We are targeting 1330 as TP 1. Any price above 1380 is a buy zone and we can see an upside move to 1450.ENJOY TRADING!
WEEKLY Trade - EURUSD
http://drivealpha.com/weekly-trade-eurusd/We expect EURUSD to retrace back to 1.3056 being major support in the coming days. We are targeting 1.3210 as TP 1. We will average the sell trade at 1.3400 and will hedge both positions (if bad) at 1.3430. If the resistance of 1.3400 is not respected then we can see an upside move to 1.3700.ENJOY TRADING!
WEEKLY Technical Outlook on EURJPY
EURJPY made a low of 125.0 on 13th June 2013, then respected trend line support level and took bounce on 10th July, 2013. Major factors of this abrupt appreciation were Bond auctions and FOMC meeting. Better releases and USD’s weakness has brought the pair back to the previous support (125.6) If the support is broken then we can see downside move to 124.44 or even further.What to do? Currently it is a good level to go long on EURJPY with 133.8 resistances and 124.4 as support.
WEEKLY Technical Outlook on XAUUSD
XAUUSD made a low of 1216 on 8th July 2013, then respected trend line support level of 1280 and took bounce on 10th July, 2013. Major factors of this abrupt appreciation were Bond auctions and FOMC meeting. Currently gold is testing a strong resistance level of 1330, as the trend line is broken downward then it more probable that we can see downside move to 1280 or even further.What to do? Currently it is a good level to go short on XAUUSD with 1330 as a good resistance and 1280 as target profit…
Weekly technical reports
Did you miss those 1,066 pips that our Premium Clients enjoyed trading on our technical reports?? Click to see the RESULTShttp://drivealpha.com/wp-content/uploads/2013/08/Weekly-Report-Results.pdf
Technical Outlook on EURCAD
EURCAD made a low beneath 1.3430 but then respected support level and took bounce heavily on 8th July, 2013 from a trend line. Continuous better news from Euro and CAD’s weakness has brought the pair to a key resistance (1.3810) now. We expect EURCAD to retrace back to 1.3625-1.345 being major supports in the coming days. Economic news to be considered is Trade Balance of CAD and Building permits. If the resistance is not respected then we can see an upside move to 1.4157.What to do? 1.3810 good…
Trading the US Non-Farm Payroll (NFP)
The report will help traders trade the NFP on precious metals. Better than consensuses data will bring further bullishness in USD. From Monday we may see bearishness in Dollar. Market is expecting a better data in NFP as well as unemployment rate. Any deviation on the negative side might bring bearishness in Dollar. Potential Price Targets for the Release: XAUUSD: Gold after testing high of 1340 is currently trading at 1282. Before announcement of NFP it has shown bearishness of approx. 30$ in …
US NFP with Drive Alpha
US Non-Farm Payroll (Employment Situation) 02/August/2013Time of release: 12:30 GMTPrimary Pair Impact: GBPUSD, EURUSD, AUDUSD, USDCAD, USDCHF, USDJPY, NZDUSD, XAUUSD and USOILExpected Range: 170K - 190KPrevious: 195KEvent importanceIt's a leading indicator of economic health because it encompasses all major sectors of economy. Due to its deviation from market expectation more than usual compare to other economic indicators, market reaction are dramatic, and the information for investors is inva…
CABLE Weekly Technical Outlook
Deciding on the way that you want to trade ‘The Cable’, this will walk you through a way of trading ranges. GDP to be announced just 24 hours away from now and testing a key resistance of 1.5400, a reversal in Cable’s move is expected.The weekly chart suggests a good move taken from the bottom and bouncing to 1.5400. Cable looks like respecting these levels. GDP is expected at 0.6% as compared to previous 0.3%. For Cable bulls it might be a bad day and retracement can extend up to 1.5100.What to…