Euro FX futures Analysis & Forecast, August 1st 2013 (English Language)

Hello Traders,

The Euro/Dollar pair started a correction after reaching the 1.3310 target as anticipated in the last report (July 29th).

The next level of support, as per our model of Program Trading on the Euro, will come at around the 1.3170 and two potential scenarios can play out after and if price gets there (please, refer to the below picture):

Picture: “Euro FX currency futures continuous contract daily timeframe, August 1st 2013”

Scenario 1. Price could get to the 1.3170/75 area and then find a bid into the next projected level of target in the 1.3425 area.

Scenario 2. Price could pierce the support area starting at 1.3170 and finish below the 1.3129 level. Should that happen, the next level of (partial) profit taking would come in the 1.3050 area.

If you want to have  access to trading plans, watch weekly video reviews as I develop or record them, or get information on setups (before they happen) for the Euro-Dollar cross, the S&P500 index and some high volume  stocks, please subscribe my newsletter. It’s free and you get additional content like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method and video-analysis that I don’t make available on my blog.

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Euro FX and S&P500 Quick Update, July 25th 2013 (English Language)

Hello Traders,

Here is a quick update on the Euro FX currency futures and the S&P500 emini. Please refer to the charts and analysis related to yesterday July 24th, 2013.

Euro FX currency futures

Euro price followed scenario 2 (broken red line) identified and anticipated yesterday Wednesday July 24th. Our method, seeking to model Program Trading activity, suggests now a continuation into the 1.3310, first target area, and 1.3480 second target area, maybe during or at the end of the coming week.

S&P500 emini futures

Price of S&P500 emini was picked by bulls before full retrace into 1,659. The first target in the 1,710 to 1,715 area is still active and our model suggests price could get there by the end of next week.

If you want to have  access to trading plans, watch weekly video reviews as I develop or record them, or get information on setups (before they happen) for the Euro-Dollar cross, the S&P500 index and some high volume  stocks, please subscribe my newsletter. It’s free and you get additional content like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method and video-analysis that I don’t make available on my blog.

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If you intend using this information for your trading please do your own due diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

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Euro FX futures Analysis & Forecast, July 24th 2013 (English Language)

Hello Traders,

here is my analysis published yesterday July 24th 2013 on FXStreet.com. I am now official contribution to FXStreet.com, a leading website on Forex trading. You will find my full analysis in my free Newsletter (subscribe here, it is free) and, some days, I will also publish in FXStreet.com. Hope you enjoy the review

Participation on the long side started on July 10, 2013 showed once again bulls and Program Trading (which we attempt to model) defending the area of support known since the beginning of February 2013. This area, starting at 1.2910 and extending down into the 1.2716 level, of failure has been successfully tested now 3 times.

Euro FX futures contract, daily chart – July 24th, 2013

This is very significant because it also shows that the 1.4110 potential target for the Euro is still in place. The 1.2990 level of participation on the long side was front-ran on Monday July 15 showing an urgency on the side of the buyers. That area of support and long entry has projected 1st target in the 1.3320 area, and a second target in the 1.35 area. If price gets to 1.35 we could see some profit taking there, potentially bringing price back to the 1.3380 area. But it is still early for that and we will assess this at the right time.

The first of two scenarios identified in the weekend is playing out at the moment. Price of Euro could hit the first target at around 1.3310 by the end of the week. If price does not continue higher we could get a retrace into the 1.3165 daily support before a continuation higher.  Then, as our model suggests, and due to the fact that the Euro likes to move in extensions, we could see continuation higher into the 1.35 area, before we get some sort of profit taking and a retrace.

Notice that the Euro corrected into the 1.3158 area of support (actually the low was just 10 pips above at 1.3168) before printing new highs.

If you want to have  access to trading plans, watch weekly video reviews as I develop or record them, or get information on setups (before they happen) for the Euro-Dollar cross, the S&P500 index and some high volume  stocks, please subscribe my newsletter. It’s free and you get additional content like market commentaries, setups, e-books, articles on HFT and program trading, learning material on my method and video-analysis that I don’t make available on my blog.

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own due diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day