December 11th, 8:49 pm by Andrew Martino I have several eToro updates for you and have included some great links below from us on the social platform and the new hangouts that we are doing.
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We have released a great new video explaining the Social Guru program:
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We will be starting a new hangout course with my colleague Mr. Nimi Howard and our resident hangout leader Tom. You can see the intro to the course here:
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Please also take a look at some of the hangouts performed by myself and our analyst on the NON_FARM data below.
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HANGOUTS ETORO STYLE
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?MARKET ANALYSIS
GBP/USD ? Weekly and Monthly Pivot Points and Signals
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Last week, the pound fell from the level of 1.6135 until the 1.60 psychological level. Now it is showing a recovery week and is trading at 1.6081 and above the 1.6055 weekly pivot. It is likely to be a continuation of the downtrend. Now it has a resistance front at the level of 1.6111. If this level is broken and if the pair closes above this price it can continue rising until the level of 1.63.
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The currency is trading above the weekly pivot and above the 200 day moving average periods and above the psychological level of 1.60. It is likely to experience a downward correction towards the support nearest 1.5982 weekly (S1). Therefore, we consider that the following signal will have validity for all this week.
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1.6055 and 1.6004 are weekly and monthly pivot points for this week for GBP/USD.
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Signals for December 10 ? 15, 2012
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Sell if pullback is at 1.6111 (W_R1) with take profit at 1.6055 and 1.5982, stop loss is above 1.6184 (W_R2).?
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____WEEKLY_____
Weekly ? R3 = 1.6240
Weekly ? R2 = 1.6184
Weekly ? R1 = 1.6111
Weekly Pivot = 1.6055
Weekly ? S1 = 1.5982
Weekly ? S2 = 1.5926
Weekly ? S3 = 1.5853
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___MONTHLY____
Monthly ? R3 = 1.6530
Monthly ? R2 = 1.6353
Monthly ? R1 = 1.6181
Monthly Pivot = 1.6004
Monthly ? S1 = 1.5832
Monthly ? S2 = 1.5655
Monthly ? S3 = 1.5483
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AUD/USD ? Weekly and Monthly Pivot Points and Signals
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According to the table pivots, the Australian dollar is trading above the weekly pivot and above the 200 day moving average periods (blue). It increases the probability that the pair could continue rising until the third resistance 1.0658, weekly R3. A return to the level of the EMA 200 will be a good opportunity to buy back the pair. However, last week the pair broke the resistance level of 1.0470. It is possible that there is an upward pressure at this level. The level that will provide a bullish rebound is 1.0464, at this level we can buy with objectives to the third weekly resistance. Therefore, we consider that the following signal will have validity for all this week.
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1.0464 and 1.0400 are weekly and monthly pivot points for this week for AUD/USD.
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Signals for December 10 ? 15, 2012?
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Buy if it rebounds around 1.0464 with take profit at 1.0586 and 1.0658, stop loss is bellow (W_S1).
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Sell if it closes bellow 1.0460 with take profit at 1.0342, stop loss is above 1.0536(W_R1)?
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_____WEEKLY_____
Weekly ? R3 = 1.0658
Weekly ? R2 = 1.0586
Weekly ? R1 = 1.0536
Weekly Pivot = 1.0464
Weekly ? S1 = 1.0414
Weekly ? S2 = 1.0342
Weekly ? S3 = 1.0292
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MONTHLY____
Monthly ? R3 = 1.0715
Monthly ? R2 = 1.0601
Monthly ? R1 = 1.0514
Monthly Pivot = 1.0400
Monthly ? S1 = 1.0313
Monthly ? S2 = 1.0199
Monthly ? S3 = 1.0112
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EUR/JPY ? Weekly and Monthly Pivot Points and Signals
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For the EUR/JPY pair a pullback to the level of 1.0691 weekly pivot is expected. This level will be the resistance for the pair. If it is broken and the rate continues rising, we expect a continuation of the bearish movement. Therefore, the key level you must observe is 1.0691, above this level the pair may be very bullish. Thus, we have traced the likely movements according to the table pivots.
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106.91 and 105.03 are weekly and monthly pivot points for this week for EUR/JPY.
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Signals for December 10 ? 15, 2012
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Sell if pullback is at 106.91 (W_R1) with take profit at 105.86, stop loss is above 108.73 (W_R2).
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____WEEKLY_____
Weekly ? R3 = 109.50
Weekly ? R2 = 108.73
Weekly ? R1 = 107.68
Weekly Pivot = 106.91
Weekly ? S1 = 105.86
Weekly ? S2 = 105.09
Weekly ? S3 = 104.04
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MONTHLY____
Monthly ? R3 = 117.07
Monthly ? R2 = 112.37
Monthly ? R1 = 109.73
Monthly Pivot = 105.03
Monthly ? S1 = 102.39
Monthly ? S2 = 97.69
Monthly ? S3 = 95.05
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Andrew E Martinho | Senior Account Manager | eToro.com|
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Source: http://www.etoro.com/blog/etoro-voice/11122012/etoro-daily-updates-and-social-investing/
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