The AUD vs NZD is pushing towards it's all time low of 1.04280 which was hit on 12/2005. Since setting the all time low price has bounced off of that level and pushed upwards to an all time high of 1.37941 set on 3/2011. Ever since then the pair has been in a downward spiral attacking the all time low level and finding support near that low at 1.05490 this past…Continue
Added by ChaosTrader63 on February 28, 2014 at 8:13pm — No Comments
German Bunds are lower today due to better than expected CPI numbers in Europe when EUR found gains. At the same time US bonds followed European markets which are also lower today. US 10 YR T-Note is down -0.36% at the moment which is not so good for JPY especially as stocks are still in uptrend. As such, we suspect that USDJPY will sooner or later turn up. Pattern on the hourly chart is still tricky but it's corrective so next big move should be to the upside. At this stage we are looking…Continue
Added by Gregor Horvat on February 28, 2014 at 3:20pm — No Comments
Currently we are at 1.8696 after the break north of the bull flag. We are looking for a bullish continuation to the first wave resistance R6 @ 1.8730 and 2) the next target the 5.3rd wave R5 @ 1.8774. The average daily true range (ATR) for the pair currently is 188 pips.…Continue
Added by Scott Barkley on February 28, 2014 at 2:35pm — No Comments
More Pain In Store for AUD, Falling Yuan is a double whammy for Australia
Added by Omkar Godbole on February 28, 2014 at 10:56am — No Comments
SELL EUR USD AT 1.3796 STOP LOSS 1.3850 TAKE PROFIT 1.3700
SELL GBP USD AT 1.6730 STOP LOSS 1.6780 TAKE PROFIT 1.6680
Added by A PRASAD REDDY on February 28, 2014 at 10:48am — No Comments
EUR/USD is screaming higher after stronger than expected inflation numbers. CPI is at 0.8% and core CPI at 1%. Strong German numbers gave the euro early support, but reports about a Russian invasion of the Crimea peninsula weigh. As implications for the ECB decision are digested, the focus moves again to the US with the second estimate of GDP and other important indicators. A strong end to the week and month are…Continue
Added by Yohay Elam on February 28, 2014 at 10:30am — No Comments
EURUSD reversed to the downside in this week from 1.3773 but only in three legs which now looks like a completed corrective move after recent 80pip bounce from 1.3640. As such, short-term bias is now to the upside, for another three wave rally towards 1.3800-1.3850 area.
EURUSD 4h Elliott Wave Analysis
Added by Gregor Horvat on February 28, 2014 at 9:00am — No Comments
Yesterday we sold EUR/USD, GBP/USD and EUR/JPY.
For today I recommend selling EUR/USD again from 1.3691 level. Reason for entry is quite simple: 123 strategy (High – low – high – broken low), and broken uptrend lower channel line, which indicates that EUR/USD could be going down. If 1.3691 level is broken and hourly candle stays below, we could see the price going for 1.3644 first (first profit target) and then possibly to 1.3600. Anyway, I suggest moving stop loss order of…Continue
Day Trading Recommendations for Majors as on 28-02-2014
EUR/USD: sell below1.3725, TP 1.3693/1.3678, SL 1.3750, BOB 1.3755
GBP/USD: Buy above 1.6690,TP1.6735/67,SL1.6670,BOS1.6660
GOLD: Sell Below 1333,TP 1325/18,SL1337,BOB1338
CL: Sell below 102,TP101.65,SL102.30,BOB 102.40
USD/Jpy: Buy Above101.50, TP 102.20, SL101.20, BOS101.10
Today Important News: CPI Flash Estimate y/y…Continue
Added by Usman Ali on February 28, 2014 at 7:26am — No Comments
Recommendations: LONG positions above 1.3665 with 1.3725 & 1.3755 as next targets.
Alternative scenario:The downside breakout of 1.3655 will call for a slide to 1.3625/1.3600.
Description: Intraday outlook in EURUSD is neutral with risk to the upside towards 1.3725 ahead of 1.3755 levels as long as support 1.3665 holds on hourly basis , break of 1.3755 will open 1.379 next ,further out will aim the 1.3830 levels .On the…Continue
Added by Haitham653 on February 28, 2014 at 6:17am — No Comments
EUR recovered almost all losses yesterday after Mrs.Yellen's statement that FED needs to see the economic impact of the bad weather before continuing with further tapering. This caused an immediate dollar drop against amlost all currencies. However the price made some pullback this morning to 1.3700 and currently is trading around it. Today's Germany's retail sales and EU's HICP will determine further EUR movement. Technically the pair is supported by 1.3670-85 support area and it is…Continue
Bank of America Merrill Lynch - "The growing disconnect between US rates and the US stock market suggests that US rates (and the USD by extension) may have more at stake in how the weather story plays out. We believe, once data begin to improve with the weather, Treasury yields and the USD could snap higher in a relatively short space of time.
To place the severity of this winter in historical context, we have developed an Extreme Winter Weather (EWW) index using state level data going…
Added by Francesc Riverola on February 27, 2014 at 6:30pm — No Comments
Was there a true platinum (CFD Ticker: XPTUSD) breakout in January? Platinum's price clearing $1480 would mean that the trend is changing: the series of lower highs would end. Currently, platinum is located in an interesting position- trapped in a sideways channel in relation to the highs of October 2013 and January last month. Thus, platinum appears to hover over the breakout trendline yet it’s not finding new highs after its breakout. Platinum has attempted a bullish…Continue
Added by Daniel Elo on February 27, 2014 at 5:21pm — No Comments
I have to say it’s been a while since I haven’t looked at eur/jpy. I did it today though. But only because I wanted to check if the eur/usd drop from yesterday was because of a strong usd or because a weak eur, so I controlled all the eur/crosses. The conclusion was that seems there is an increasing pressure on the single currency.
Next week, on 6th of March the ECB is meeting again to discuss the monetary policies and the latest inflation numbers force the speculators to…Continue
Added by Arenoosh on February 27, 2014 at 3:48pm — No Comments
Added by ashafa on February 27, 2014 at 3:22pm — No Comments
On USDJPY we see a completed five wave decline in the shape of a leading diagonal at 100.74. We know that after every five waves correction follows, so we assume that current rally is temporary retracement that will unfold in three waves. Usually market will reach the former wave four before larger trend resumes. In our case this comes in at 103.43 so we expect more upside in the days few days before pair may turn to the downside. At teh moment we see wave (b) triangle in action from where…Continue
Added by Gregor Horvat on February 27, 2014 at 3:06pm — No Comments
EURUSD 5 Min:
Another I called in the main room before I took the trade on a stop order.
Price spiked down and pulled back forming a High then a Low then a Higher high then a Lower Low (a low following the high does not count it needs to be a low lower than the previous low thus lower low) and a 3rd High. This was also a wedge overshoot from the…Continue
Added by Constantine on February 27, 2014 at 3:00pm — No Comments
After an uneventful week, EUR/USD lost ground on Wednesday and remains under pressure in Thursday trade. In the European session, the pair is trading in the mid-1.36 range. The dollar was broadly stronger as US New Home Sales jumped in January. In Thursday news, German Unemployment Claims beat the estimate. Over in the US, we’ll get a look at Core Durable Goods Orders and the all-important Unemployment Claims. As well,…Continue
Added by Yohay Elam on February 27, 2014 at 12:08pm — No Comments