Featured Blog Posts – April 2012 Archive (37)

EUR/USD Moves Higher After Weak US GDP Release

Euro dollar took advantage of weak US data, as the pair climbed to the mid-1.32 level. United States GDP for Q1 posted an increase of 2.2%, disappointing the markets which had predicted a 2.5% increase. Last week’s bright spot for the US economy was the UoM Consumer Sentiment release, which posted a slight increase and posted its highest reading in over a year. On the continent, concerns continue…


Added by Yohay Elam on April 30, 2012 at 9:57am — No Comments

Eurusd has Double Top Pattern

I feel pair has formed Double Top Pattern, continuous rejection below 1.33 level 

pair find minnor support @1.3217 and below 1.3217   pair will resume bearish view  towards 1.3030   initially target 1.3185,1.3145…


Added by nidhi mistry on April 30, 2012 at 9:41am — 2 Comments

Breaking Point, the end of the cheap energy economy

While all attention is on European debt problems, many forget what's going on in the rest of the world.

Interesting YouTube movie and article what it mean to the US Dollar, Gold, inflation,  etc.

Maybe old news but still reality. 

(c) http://www.youtube.com/watch?feature=player_embedded&v=FcP3fVEp9y8



Added by Ron Schelling on April 30, 2012 at 9:30am — No Comments

USD vs JPY Ichimoku Trading Oportunity for week of 4-30-12

Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:

1. Price vs Kumo:

Price is inside the Kumo…


Added by ChaosTrader63 on April 30, 2012 at 4:27am — No Comments

EUR/USD Falls to Lower Range on Spanish Downgrade, Before US GDP

Euro dollar bounced off downtrend resistance and continued to lower ground. S&P downgraded Spain by two notches, just before unemployment jumped once again. Other European indicators don’t look good either. In the US, figures were mixed, but leaning lower. The focus is on the first release of GDP for Q1, which is expected to remind us of the economy’s strength before recent sluggishness. Will…


Added by Yohay Elam on April 27, 2012 at 9:48am — No Comments

audusd has head and shoulder pattern

I feel  audusd has formed head and shoulder pattern in one hour charts.   pair need to confirm break neckline  then initial targeting 1.0310 , 1.0260  …


Added by nidhi mistry on April 27, 2012 at 6:47am — No Comments

EURUSD Daily Outlook 27 Apr 2012

The EURUSD continued its bullish momentum yesterday bottomed at 1.3175, topped at 1.3262 and closed at 1.3191, but that bullish move was limited and the pair was rising with low momentum as shown on the daily and the 4 hour chart...

Today I assume massive bearish move testing at first the key support 1.3103 , losing this level would lead for the expected massive bearish move testing the key support 1.2994..

Immediate resistance is seen around the key resistance 1.3200 where…


Added by Haitham653 on April 27, 2012 at 5:00am — 24 Comments

Volatile moves for week end

EURO and GBP are held at higher levels and not making upward stop hunts after yesterday early European session,indicate that the players are holding high and booking profits .This may lead to week end eitherway moves - ie those taken higher level buys during rise might feel that the profit booking opportunity is not seen and come for long liquidation.Later those taken lower level shorts might come  for short covering every session close times.

So each session is expected to have…


Added by Dr. Sivaraman on April 27, 2012 at 3:56am — 3 Comments

How many counts can we find?

Hi all,

We had to do this exercise at the MTA, and it was surprising how many correct Elliott wave counts we could come up with.

If you feel like trying, take the picture, label the waves and upload it to the thread again.

Please, don't use the fact that there are more than one possible count to tear down Elliott- it's long time he passed away and it's our time to evolve the theory.…


Added by Gonçalo Moreira on April 26, 2012 at 3:56pm — 30 Comments

Trend Following

Not all of us trading only Forex, but looking more around for trading opportunities.

Spreading risk over, for example the commodity markets, will reduche overall account risk.

Look at soyabeans which make most trend followers happy by just using the standard breakouts with correct stop discipline.

I love the beans !…


Added by Ron Schelling on April 26, 2012 at 2:33pm — No Comments

EURUSD Daily Outlook 26 Apr 2012

The EURUSD continued its bullish momentum yesterday , bottomed at 1.3172, topped at 1.3236 and closed above 1.3230...

After breaching above 1.3224 , I assume a bullish move today testing the key resistance 1.3240/270 , a clear break above this level would lead for more gains testing the key resistance 1.3330/360...

Immediate support is seen around 1.3200 where bounce back to the upside is expected , stability above 1.3170 is indeed to keep the bullish move suggested for today…


Added by Haitham653 on April 26, 2012 at 7:16am — 1 Comment

Point and Figure, Cross Market View

Being fixed income the focal point of intermarket analysis, we start evaluating the10Y T-Note yield. The downward-sloping channel is giving way to a new upward structure pointing thus to higher bond prices.…


Added by Gonçalo Moreira on April 24, 2012 at 9:02am — No Comments

EURUSD Daily Outlook 24 Apr 2012

AS shown on the daily chart posted below, the pair trades around major crossroads, upward , downward , sideways, all options are available!!!!

By checking momentum indicators on daily chart, yes the main trend is bearish but in the next coming few days, the picture is unclear, a daily close above 1.3224 would confirm the bullish breakout and open too many ways to test 1.3300/350 levels, but in return , a daily close below 1.3103 would give us false bullish breakout , then strong…


Added by Haitham653 on April 24, 2012 at 7:09am — 5 Comments

Forex Price Action - Engulfing Bars, Order Flow and Optimal Entries

One of the more popular price action forex reversal patterns people trade today is the engulfing bar reversal pattern which is one of many two bar reversal patterns or AB reversal patterns (AB as in it has an A bar and B bar as part of the pattern) available.  Although this is a commonly traded pattern, many traders fail to find the best entry or are able to gauge a proper target using any…


Added by 2ndSkiesForex on April 23, 2012 at 4:25pm — 11 Comments

GBP/USD Outlook April 23-27

GBP/USD climbed to levels not seen since October 2011, as the pair gained almost 300 pips, closing the week at 1.6120. The upcoming week promises to be busy, with eight releases, including the key release of Preliminary GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The GBP/USD broke out of range with a bang, enjoying a …


Added by Yohay Elam on April 22, 2012 at 9:56am — No Comments

USDCHF;Weakness 2 The Downside Increased, 0.9080 & 0.9250 Are Important pivots !

With last Friday's close , bearish breakout has been confirmed on the daily chart of USDCHF , suggests more losses , the bearish breakout happened around critical level 0.9080 , the pivotal level (50% retracement ) of the last rally (0.8567 / 0.9594 ) ...

We need to watch the pair tomorrow , a daily close below 0.9080 would confirm the bearish break out and open too many ways to test 0.8567 in medium term , but it may fluctuate for awhile around 0.8960..

A rejection from 0.9080…


Added by Haitham653 on April 22, 2012 at 6:28am — No Comments

EUR/USD Outlook April 23-27

Euro/dollar eventually climbed in the wide range, as positive German data and US weakness countered worries about Spain. The upcoming week will provide a forward looking view of the economy via the PMIs and a test of the debt crisis with an Italian bond auction among other events. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.…


Added by Yohay Elam on April 22, 2012 at 2:48am — No Comments

News Preview: Canadian CPI

Although Friday's New York morning session is devoid of major US economic reports, currency traders might want to give consideration toward a report from the Great White North. Statistics Canada is due to release its March consumer price index report at 8:30 am New York time (12:30 GMT).

The USD/CAD currency pair has moved a relatively modest 8 to 18 pips during the first minute following the release of the past eight…


Added by FX BOOTCAMP on April 20, 2012 at 11:20am — No Comments

Trading overseas using exotic currencies

Interesting article about trading overseas using exotic currencies.

Click on the FX ball for more.

Added by Ron Schelling on April 20, 2012 at 10:30am — No Comments

Kantox An Innovative Forex Peer Hedging Solution Now Available on FXstreet.com

A new service on FXstreet.com that should be the answer to many import/export companies needs... remember this name KANTOX.... You will hear a lot from them soon :)

We have had the opportunity to meet them several times here in Barcelona as they have offices in London and Barcelona and we found their business proposal just killing. If you have ever had problems hedging your FX risks - problems that…


Added by Francesc Riverola on April 20, 2012 at 9:46am — 1 Comment


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