Alert: Watch out – Mercerfx.com are stealing their clients

I knew that I took too much time to come back but, actually – I took a small vacation to be ready for June forex events. I enhanced the look of Forexa.me with the brand new theme, I call this version: StreamZ

Now, let’s get back to business.

Warning: Mercerfx.com

I am warning you from any kind of these emails (see screenshot below). I was active client who tested mercerfx.com for around 4 months, after I stopped using their services. I just received this email few hours ago.

Mercerfx.com is sending suspicious emails
Mercerfx.com is sending suspicious emails

The link directed to me to a fake page (acts like dropbox page but, it is NOT) and it requires you to login via any email you’ve (Gmail, Yahoo and others). It is clear that this is a stealing trial for your login details whether from Mercerfx.com or from someone who is using their server to send these emails from support@mercerfx.com

Anyway, take care from these bad trials to steal your informations, passwords and accounts and wait me the next week with new analysis for forex pairs.

EUR/USD Forecast: Euro is ready to take off again!

EURUSD 26th, May 2015

EUR/USD moved under 1.1450 resistance level, this pair seems to be ready for another short term uptrend.

I am expecting EUR/USD to test the next resistance around 1.1740, This might be fast and the pair should move in choppy way within this range (1.09151.1740) again.

As I mentioned before EUR/USD still has strong support at 1.0459 and it tested it once, I am still expecting another test to this support level.

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1740
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
  • Buy at: 1.1250 – Take Profit 1.1450 (200 pips profits)
  • Buy at: 1.0940 – Take Profit 1.1040 (100 pips profits)

This signal is valid during trading week: 25th to 29th May, 2015

Silver Forecast: Is it the last fall?

XAG/USD 22nd, May 2015

Silver bounced to 17.77 (as I expected in this expectation) and it fell again to 16.93.

This is the area of relaxation for silver and it seems that we will stay for within this range for 2 days or so. Buying silver around 16 to 16.50 seems to be a chance so, take the chance and buy around this range and keep it for long term.

Selling silver these days is not safe decision so, I prefer to wait for a while before doing so.

The Silver (XAG/USD) has the following major resistance and support levels:

  • RESISTANCE: 19
  • SUPPORT: 15

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Buy: at 16.50 – Take profit 17.50 (100 pips profits)
  • Buy: at 16 – Take profit 17.50 (150 pips profits)

This review is valid during trading week: 25th-29th May, 2015

USD/JPY Forecast: This is not a magic, USDJPY is testing critical resistance

USDJPY 20th May, 2015

USD/JPY jumped to 121 level (in 5 sessions) after finding minor support around 118.85. My inner voice was correct in this post even it was a little bit earlier than my expectations but, the USD/JPY finally made it to 121 to threaten 122.04 major resistance. Simply, breaking 122.05 is a clear buy signal with a target to 123-124, it depends on how the momentum of the move.

My technical overview is highlighting two strong resistance levels: 121.60 or 122.02. The support for USD/JPY can be found above these levels: 118.85 and 117.50. I am expecting choppy moves between 123-120 range but, this should not be valid without a clear break and close above 122.02, otherwise the USD/JPY should test the support again around 118.85

Fed minutes are expected to have limited effect, Bank of Japan announcement on next friday will be market mover so, watch this pair well, it seems like we are in the middle point of a road and market will tell us whether we will continue the same road or U-turn is our next

The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 124
  • SUPPORT: 117.50

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 121.50 – Take profit 120.50 (100 pips profits)
  • Sel: at 122 – Take profit 120 (200 pips profits)
  • Sell: at 123.20 – Take profit 122.20 (100 pips profits)
  • Buy: at 122.05 – Take profit 123 (95 pips profits)
  • Buy: at 119.50 – Take Profit 120.10 (60 pips profits)

This review is valid during trading week: 20th-22nd April, 2015

EUR/JPY Forecast: Buy on dips

EURJPY 19th May, 2015

EUR/JPY continued the rally to 136.97 and then fell hard after greece’s topic came up to the surface again. Currently testing its minor support around 133.90EUR/JPY still has a space to continue the suspended rally to test 137.75 or above. Personally, I think that sideline moves might conquer this pair for the next few hours. However, the moves will be very choppy so, take care from your entry points. The downtrend clouds are getting back too quickly, take care!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.95
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.60 – Take profit 136.10 (150 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135.50 (150 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 19th-22nd May, 2015