June 2011 Blog Posts (523)

EUR/JPY Intraday Congestion

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…

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Added by Raghee Horner on June 30, 2011 at 10:30pm — No Comments

EURUSD Ichimoku Outlook 6-30-11



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…

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Added by ChaosTrader63 on June 30, 2011 at 8:55pm — 3 Comments

life itself is not a bed of roses.

FOREX TRADING IS NOT A GAME OF GAMBLING BUT IT IS LIFE THE STUDY OF LIFE IN GENERAL.

Added by Egbosimba christian chinedu on June 30, 2011 at 7:26pm — No Comments

CFTC Charges Michael Gomez, Louis Giddens & Anthony Dutton With Operating A $1.4M Forex Scheme

CFTC Charges Two Air Traffic Controllers and Commodity Trader Michael Gomez with Fraud and Misappropriation in $1.4 Million Dollar Off-Exchange Foreign Currency Scheme

The CFTC filed charges against two air traffic controllers, Louis J. Giddens, Jr. of Fayetteville, Ga., and Anthony W. Dutton of Peachtree City, Ga., as well as commodity trader Michael Gomez of Valrico, Fla., for… Continue

Added by Francesc Riverola on June 30, 2011 at 7:00pm — No Comments

EUR/USD Reaches Up to Triangle Upper Border



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…

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Added by James Chen, CTA, CMT on June 30, 2011 at 6:35pm — No Comments

23 year record set in USDJPY in June. Do you know what it is?

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…

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Added by Greg Michalowski on June 30, 2011 at 5:46pm — No Comments

EURUSD trend week continues. Next hurdle? Key trendline resistance.

 

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…

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Added by Greg Michalowski on June 30, 2011 at 4:38pm — No Comments

AUD/USD Bullish Surge Breaks Consolidation



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…

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Added by James Chen, CTA, CMT on June 30, 2011 at 4:16pm — No Comments

Either way moves

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

Added by Dr. Sivaraman on June 30, 2011 at 3:23pm — 2 Comments

#USDCHF Update

#USDCHF Update

The swiss broke an interesting trend line today. A LONG position on the break, in the change of the direction of the move was established and target @ 100% of the average daily range was reached @ 0.8397.



Here is the chart.…
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Added by mcapitalmarkets on June 30, 2011 at 1:48pm — 1 Comment

$AUDUSD-little bit more

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.…

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Added by Scott Barkley on June 30, 2011 at 1:33pm — No Comments

#GBPUSD

#GBPUSD

Cable broke a bearish wedge formation that could be observed on the 30min, hourly time frames.



If price closes  the NY session close to todays low, we will have better chances for an expansion downwards tomorrow as well.
Visit my blog@:…
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Added by mcapitalmarkets on June 30, 2011 at 1:30pm — No Comments

#EURUSD Outlook 30/06/2011

#EURUSD Outlook 30/06/2011

EURUSD is approaching the lower trend line of an ascending channel after it encountered strong resistance at the 1.4520 level.



MACD bear divergences point that a break is imminent. Entry should be guided towards the change of the main move of the day (break of todays…
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Added by mcapitalmarkets on June 30, 2011 at 12:30pm — No Comments

#EURNZD Pullback Entry

#EURNZD Pullback Entry

Nice entry on he pullback for this cross.



Trade in the direction of the months trend, the weeks trend and the days trend. Perfect combination.



Very tight SL already yielding good profit during the early hours of NY.



Lets see where it takes…
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Added by mcapitalmarkets on June 30, 2011 at 12:19pm — No Comments

EUR/USD Sliding to Support on Greek Hangover

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…

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Added by Yohay Elam on June 30, 2011 at 12:19pm — No Comments

Dollar can’t find relief

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…

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Added by Valeria B Bednarik on June 30, 2011 at 11:47am — No Comments

Weekly Average Time On Site On FXstreet.com Rises To A New High Of 7:35

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…

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Added by Francesc Riverola on June 30, 2011 at 11:21am — No Comments

Forex Fraud - Adam Keller Defrauds More Than $500k In A Non-Existent Forex Scheme in Canada

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…

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Added by Francesc Riverola on June 30, 2011 at 9:19am — No Comments

Tide is Turning for the Aussie - Adam Kritzer

Tide is Turning for the Aussie

from Forex Blog by Adam Kritzer

“Australia is about to enter a boom that should last decades…The Australian dollar is unlikely to go back to where it was, and manufacturing will shrink in importance to the economy, perhaps even faster than it has been.” This, according to Martin Parkinson, Treasury Minister of Australia. While 30… Continue

Added by Francesc Riverola on June 30, 2011 at 8:48am — No Comments

June Month end and quarter end - expected market moves

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…

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Added by Dr. Sivaraman on June 30, 2011 at 8:45am — 6 Comments

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