All Blog Posts (19,666)

USD Index Spot (Not the USDX)

The average of 6 major spot currency pairs against the USD.

More charts on:

www.2hedge.com/mmfxtrend.html

Added by Ron Schelling on January 25, 2015 at 10:02am — No Comments

Big Mac Currencies.

The average price of a Big Mac in America in January 2015 was $4.79; in China it was only $2.77 at market exchange rates. So the "raw" Big Mac index says that the yuan was undervalued by 42% at that time.

(c)…

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Added by Ron Schelling on January 25, 2015 at 10:00am — No Comments

Technical analysis of EUR/JPY for January 26, 2015

General overview for 22/01/2015 09:50 CET
Due to the breakout of level of 134.62 the main scenario has been invalidated and the alternative one is in play right now. There are two Elliott wave scenarios (main and alternative) available on weekly time frame charts: 

-Main Scenario - Indicates a top for big wave 1 blue at the level of 145.72 and then complex corrective structure in wave A blue, then irregular flat corrective…
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Added by ElliottFxTrader on January 25, 2015 at 8:30am — No Comments

AUDNZD short based on a novice's understanding of Ichimoku

I have just a basic knowledge of Ichimoku so would welcome any comments from experienced users.

The weekly chart above shows me the following:

- Price is under the Kumo.

- Price came close to the Kumo and fell back. The Kumo is a bit thick so may not be easy to penetrate.

-…

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Added by Oasis on January 24, 2015 at 11:51pm — 2 Comments

USA Budget

Added by Ron Schelling on January 24, 2015 at 7:56pm — 1 Comment

Target Trading in the Forex upcoming week of January 25th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1208.  Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.

 …

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Added by Scott Barkley on January 24, 2015 at 3:00pm — No Comments

Crude Oil Technical Analysis 26th-30th Jan 2015

Daily Chart: 

                   500 pips range has just been broken to the downside on Friday. 46.00$ appeared as a support for the previous whole week.

Channel formed since 18th Dec 2014 still persists and hasn't been violated yet. 20MA served as resistance at 49.00 level. On 22nd of Dec 2015 the commodity was…

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Added by Jawad Aslam on January 24, 2015 at 11:30am — 3 Comments

Euro Meltdown Needs Urgently A Miracle Or Euro Might Become Another Pengo!

Between 1927 & 1946 Europe was struggling with Pengo, the old currency of Hungary, a currency which survived for only 20 years. 

From 2002 the Euro entered into circulation & dropped to 0.8252 for after in 2003…

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Added by Tony - FXS Admin on January 24, 2015 at 5:30am — No Comments

My Trading Journal - 10 Trades Challenge

10 trades challenge between:

Market Ninja

Tom

Tony…

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Added by Tony - FXS Admin on January 24, 2015 at 4:02am — No Comments

The Week Ahead On USDCHF

USDCAD: Extends Bullish Offensive

USDCAD: With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2650 level. Its weekly RSI is bullish and…

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Added by fxtech on January 24, 2015 at 2:14am — No Comments

I told you that I will smash the euro…

…if Euro area inflation aproach to 0,0%! In December 2014. inflation fell bellow zero, to -0,2% and in this week, Mr.Mario Draghi (ECB) ‘fire up’ the 1.1 trillion euros QE in total, ie. to buy 60 billion in sovereign bonds each month until at least September 2016 . They decided to do everything in order to boost Euro area recovery, with the main objective of weakening the euro...…

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Added by Mario Urlic on January 23, 2015 at 10:21pm — No Comments

Election in Greece

If Tziparis will win, where the Euro will go?

Added by gloriano taccon on January 23, 2015 at 9:59pm — 1 Comment

Crude Oil Expected Upcoming Price Action

Crude oil remained under consolidation for 1 week and that pause has just been stopped as the oil casted a low of 45.33 for the week. A down channel has been traced on the 1h chart. 

The support at 46.00 ( whole week support) will be assumed to be broken perfectly if the daily close below 46 takes place.

I entered short at 47.23.…

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Added by Jawad Aslam on January 23, 2015 at 6:30pm — No Comments

Some Yearly Pivots/Camarillas and Some Thoughts.

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Added by Sergeant Meowenstein on January 23, 2015 at 5:19pm — No Comments

Winning Trade on 23rd January

EUR JPY 5 Min:

There was major price moving news yesterday and the Euro spiked down. Today there was follow through selling in the form of a spike and channel. (Red parallel lines).

Price rose in two waves High 1 Low…

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Added by Constantine on January 23, 2015 at 12:30pm — 8 Comments

EUR/USD, where are the buyers?

It looks like that free fall of the EUR/USD will never stop!? This monthly chart shows that there is no mayor support until the 1.0750-1.0800!? Is there any euro buyers before that level? Who knows, it looks like there is no buyers at all here!? Free fall could be continued furder toward this levels, whatever that looks impossible. Euro is heavily oversold, yes! But, who cares!? How dou you see this pair now, after 7 months fall in a row?…

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Added by Mario Urlic on January 23, 2015 at 11:54am — No Comments

USD/CHF 23rd Jan 2015

From purely technical perspective, the pair is trying to recover.But before the recovery the consolidation is in the progress. For the intraday, we will trade that consolidation.

For Today:

Short USD/CHF below 0.8770 SL 0.8790 and target 0.8585/55

Long USD/CHF above 0.8830 SL 8795 and target 0.8900/0.8950

See you later, Happy trading

BR,

JA

Added by Jawad Aslam on January 23, 2015 at 11:37am — No Comments

whAT nEXt FoR EurO ?

@asadcmka

 

In my previous note “Why SNB Opted for Unconventional Monetary Policy” I made a closing remark about ECB quantitative easing plan and said that if the QE amount ranges around Euro ½ to ¾ Trillion, it may not be very effective, as European economy is required to bet on larger size.

The current size of ECB bond buying that will begin in March is surely more than expectation. ECB announced that it will make a monthly purchase…

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Added by asad rizvi on January 23, 2015 at 9:00am — No Comments

Crude Oil (US) 23 Jan 2015

Crude oil has been trapped in a wide range of 500 pips from $46.00 to  $51.24. But how long it will remain in this range???? It has to get a direction. Overall trend is bearish, So my bias is also bearish till $33.00 price level but if the pull back occurs, we have the alternative too.

For Today and next week:

Short Crude Oil below 48.60 SL 49.40 and Target 45.70/45.00/44.50/42.80

Short Crude Oil…

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Added by Jawad Aslam on January 23, 2015 at 9:00am — 2 Comments

WAVETRENDZ ANALYSIS

BUY NZD/JPY   88.80  STOP LOSS 87.48   TP 93.29  

WAVETRENDZ 

Added by A PRASAD REDDY on January 23, 2015 at 8:49am — No Comments

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