The EUR/JPY has begun to show signs of fatigue. The 60-minute chart has begun to congest and although this not necessarily mean the market is going to reverse it could suggest further volatility ahead. The daily chart reflects that the range highs are waiting at between 117.50 and 118.00 which means that the current resistance at 116.90 could be near-term. The small, symmetrical Triangle pattern could set up a momentum opportunity for another push higher…or lower. But since the momentum that…

The EURUSD has completed another day with a bullish candle making that bullish for the past 4 days. The overall sentiment on the daily is bullish with price being above the Kumo. Again I would be cautious about any long positions based off the fact that the Tenkan is below the Kijun which is bearish…

EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price has not only reached the upper border of this triangle, but has also slightly…

The USDJPY has had an up and down day (or down, up, down day). The last move has taken the price down to the 200 hour MA (green line in the chart above) at the 80.53.  If it can stay above this level, the next up move may start.  On the topside, the 100 hour MA (blue line in chart above) beckons at the…

The EURUSD has had quite a week. On Monday the price tested and held trendline support and closed above the 100 day MA (blue line in the chart above). On Tuesday, the price moved above trendline resistance and tested the 50% retracement of the June range (above chart). Wednesday saw the price hold above the underside of the trendline and move up to test the 61.8% of the months range (chart above). Finally, today the price has moved up to test the topside trendine…

AUD/USD (daily chart) as of Thursday (6/30/2011) has continued its upside momentum after yesterday’s bullish breakout above a clear descending triangle consolidation pattern. This triangle breakout occurs within the context of a long-term, year-long bullish trend that extends back to the June 2010…

EURO and GBP are making quick either way moves .many contrarian moves are seen now.EURO with positive net change and GBp negative net change,EURO and USD/CHF with positive net change.GBP and USD/YEN shwoing negative net change.All these moves are indicating the players are handling the crosses now.majors may be handled from mid session to make usd gaining move /profit booking move.

Regards

Dr.Sivaraman

#USDCHF Update

Currently @1.0773.  The cross  has continued to produce higher highs as it took out our target yesterday @ 1.0726. There may be some more upside today and we are looking for a move to the R5 @ 1.1.0768 – 1.0779.  Expect a pullback here as this completes wave 1 to the upside.  Should it break to the south look for 1.0624(R4 ) as the target down.…

#GBPUSD

#EURUSD Outlook 30/06/2011

#EURNZD Pullback Entry

Euro dollar slides towards the support line on some profit taking. The first Greek vote initially resulted in a sell off, and the pair gained only later. A second Greek vote as well as other events are due.A big group of weak European figures also weighs on the common currency. Is the pair consolidating before another break higher? Or is a drop around the corner?

Here’s a quick…

Hi everyone! Last day o the month and the dollar can’t find relief yet on contrary, sinks further. Usually profit taking last day of the month sees movements against dominant trend, more when we are closing first half of 2011. Still only currency showing weakness against dollar is the poor Pound, still weighted by latest BOE Minutes.

As commented yesterday in the Live Daily Wrap up webinar, Australian dollar was the most interesting pair to trade: AUD/USD soared to 1.0750, and…

FXstreet.com Weekly Average Time on Site recovered the good track after falling to 6:25 minutes the week of Apr 17, 2011 to Apr 23, 2011 and last week touched a new all-time high of 7.35 minutes.

Good performance indeed

Francesc…

Why people never learns?

I know that greed is a capital sin but sometimes looks more stupidity than greed...

"He told them he was an expert foreign exchange trader who had made millions while attending the University of Southern California in 2001...Keller also told investors he would use their money to make foreign exchange trades, and he and Great White would protect them from loss."

Stay away from those protecting you…

market is known to make very volatile moves during month end time.Either way quick moves are part of such volatile moves.

Euro and GBP quickly gained the levels during start of japanese session and made the slide.

early european session quick gain followed by immediate drop are the expected moves.Late european session again a quick rise may be seen to make swing and drop move during US session.

Currenly except AUD and EURO other currencies are showing negative net…