EURO and GBP are making wide range moves - down and up and then down moves to hit the stops and to build higher level sell positions by the players.
EURO and GBP are expected to swing and then slide suddenly during this session and continue the drop during monday as week beginning false move and also on Tuesday as month end move.
The cross finally broke out of the downtrend and is currently trying to break the last barrier to the upside - The channel line @ 2.4289. A break of this to the upside targets the R5 (.382 fibo and resistance) @ 1.4363. If we get lots of legs we will look for the further target @ 1.4455 ( .500 fibo). Failing to break to the upside targets a move back to the 1.4120 area.…Continue
Added by Scott Barkley on May 27, 2011 at 1:09pm — No Comments
The Euro is still defying gravity and staying above 1.40. But there are heavy doubts that this will last. Here are 7 fresh signs that Greece is about to default sooner than later, that it won’t be good and when this crisis can come to a climax.
Added by Yohay Elam on May 27, 2011 at 12:29pm — No Comments
After forming the initial high in EURO and GBP around 03:30 GMT there was no breaching of the high during European session.So after extended move ( quick rise) the intentional moves are now in play - the slow slide .
The slide might gain momentum towards close of European session.Swing and slide moves may be seen during US session for week end.
Players gained the levels initially for the short sellers to cover their shorts in a hurry and now they are the sellers >they are…Continue
Let's pull up the NZD/USD hourly chart.
We saw a nice move up from March 2011 followed by what appears to be a pretty clear 3 wave correction. It appears the bullish run will continue and look for a potential price point of .8250+.
Good luck with trading.
For those of us in the United States, we'd like to wish everyone a happy and safe Memorial Day weekend. Memorial Day weekend typically kicks off the "summer" for the United States and here in…
Added by Ross Yamashita on May 27, 2011 at 8:51am — No Comments
OK..From the 4 hour chart posted above , it's obvious that we have real bullish breakout,MACD and CCI confirmed the breakout , the same thing EMA 50 and the most important is B.band is expanding but RSI is Overbought , so the pair needs to relax a moment from this journey , the pair now is trading so…Continue
EURO and GBP gained quickly the levels during early japanese session.Quick moves are false moves in the market.
They are expected to swing and slide during Japanese session.
European session may show quick drop and quick rise moves to trap either way the traders.
During US session swing and slide moves are expected with recovery towards close.
Current moves may appear extreme moves - during near month end time the players are known to make such either way quick…Continue
Hi everybody, for this presentation I take a look Cable. Not looking to pick a top by any means but we are running into some key resistance. I hope you enjoy the analysis and good luck today! David Pegler
US GDP data is expected to be released by 12:30 GMT.EURO and GBP may gain some levels during the release time and about 10-15 min there after as quick upward stop hunt move and then slide from gap time through US session.GBP may rise quickly to create the bullish feel and slide.
There might be two way interpretations of the data like USD gaining or risk aversion from time to time but the players are there to create the market sentiments and act against the…Continue
Added by César B.Leiceaga on May 26, 2011 at 10:58am — No Comments
market may witness quick moves for month end time.
EURO and GBP gained quickly and holding high during japanese session.
During European session a quick rise may be seen as upward stop hunt and hold high to induce short covering from the traders who shorted selling near the recent resistance.
During US session swing and slide moves are ex[ected.
Quick rise we may sell to cover during quick drop.
Let's pull up the EUR/CHF hourly chart.
It looks like we're near the end of the bearish movement. Look for a little more push down - potentially to the 1.2200 area and below.
Once the movement down from early April is complete, that could potentially mark the end of a 3 wave corrective movement down. Once that completes, look for the start of a new movement up. More to come once we see the potential end of the dowward movement.
Also, seen this inside harmonic pattern !! Will be looking at this as well, i have named this as 1-2-3-4 !!
I also see a 100% expansion near 1.4200 which could actually be a nice point to short. To make my trade much more simpler, if price starts dropping from 1.4200 i shall draw a channel will stay…Continue
Added by Tarun Reddy on May 26, 2011 at 4:30am — No Comments
After the low made near 1.3969, have noticed that no two candle bars closed below the trend lines, which is actually not a confirmed bear for me according to my strategy !!
But i my self did not stick to my own rules lol... Have lost 5 trades in 2 days, still that is okay cause these trades taught…Continue
Added by Tarun Reddy on May 26, 2011 at 4:00am — No Comments
The euro fell to a new all-time low against the Swiss franc during today's New York session.
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Added by FX BOOTCAMP on May 25, 2011 at 11:15pm — No Comments
EURO and GBP made some initial gains for the day during European session as expected.they are expectred to further swing and rise during US session.
USD/CAD and USD/YEN are showing positive net change when USD/CHF is showing negative net change along with EURO.Just a contrarian move to dip EURO/CHF.During US session we may see gains in USD/CHF and EURO.
Hi everyone and welcome back! Dollar is losing early Asian momentum, as European markets are off yeterday's lows. GBP/USD managed to break above 1.6220 and continues tending higher, while EUR/USD remains mostly weak, limited to the upside by the 20 SMA in the 4 hours chart with a strong bearish tone. ( You can see the technical perspective for today here:…Continue
Added by Valeria B Bednarik on May 25, 2011 at 12:07pm — No Comments