Forex Lab

Forex Lab Foreign Exchange (FOREX) refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded.

16/11/2015

AUD JPY sell 87.19 .s.l 83.30 and tp 86.80

16/11/2015

USD JPY sell 122.50 s.l 122.66 and t.p 122.12

29/01/2015

SELL EUR/USD @ 1.1335
SL @ 1.1365
TP @ 1.1245

URO/USDPivot: 1.3545Our preference: Short positions below 1.3545 with targets @ 1.349 & 1.3465 in extension.Alternative ...
21/07/2014

URO/USD
Pivot: 1.3545Our preference: Short positions below 1.3545 with targets @ 1.349 & 1.3465 in extension.Alternative scenario: Above 1.3545 look for further upside with 1.3575 & 1.359 as targets.

GBP/USD: GBP/USD has reached major resistance at 1.7041/51 2 009 high, 2005 low, we would allow for some profit taking t...
22/06/2014

GBP/USD: GBP/USD has reached major resistance at 1.7041/51 2 009 high, 2005 low, we would allow for some profit taking to be seen here. We note the 13 count on the daily chart and the TD resistance at 1.7062 both suggest that we should allow for initial failure here. Currently the Elliott wave count is suggesting a retracement to 1.6955/30, while above here we would allow for another stab at the 1.7040/ 65 resistance.

Above 1.7065/75 will trigger a move to the 50% retracement at 1.7331 (of the move down from the 2007 peak). Below 1.6915 would alleviate immediate upside pressure and trigger a sell off to the 7 month support line at 1.6772.

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