Early indicating prices in the Forex market courtesy of Forexlive.com showing EUR/USD 1.3212, USD/JPY 85.80, GBP/USD 1.6170,AUD/USD 1.0365, NZD/USD 0.8195. So the market is a little bit down from Friday already. Further uncertainty towards the day will only help the slide down. If we get a down Asian session it would probably be a good indicator for the European and American session. S&P 500 is also a good…

Was scrolling through a few charts today and Aud was very striking to me. Check out the chart below.

Eur/Usd is approaching 1.25000 level. Plenty of reported options below this level and for sure will have plenty of stop loss orders too. I doubt the pair could trade much past the 1.25000 level. There are just too many interest below the level to protect. A catalyst for a trend, the Greece Election, is only three weeks away, I doubt professional will be taking a punt on which way the market is going to go right now, too much risk! I predict a range trade between 1.24900 -…

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As I have been calling, a pro-bailout party will probably win out in the Greece election. Looks like some  wern't listening. News came out over the weekend of pro-bailout party 'ND' leading the polls and we gapped up this morning across the board. Since everyone is short you get margin calls and stop-outs causing a cascade to the upside. Bearish…