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…Continue
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…Continue
Added by James Chen, CTA, CMT on June 30, 2011 at 6:35pm — No Comments
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…Continue
Added by Greg Michalowski on June 30, 2011 at 4:38pm — No Comments
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…Continue
Added by James Chen, CTA, CMT on June 30, 2011 at 4:16pm — No Comments
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.
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.…Continue
Added by Scott Barkley on June 30, 2011 at 1:33pm — No Comments
Added by mcapitalmarkets on June 30, 2011 at 1:30pm — No Comments
Added by mcapitalmarkets on June 30, 2011 at 12:19pm — No Comments
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…Continue
Added by Yohay Elam on June 30, 2011 at 12:19pm — No Comments
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…
Added by Valeria B Bednarik on June 30, 2011 at 11:47am — No Comments
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…Continue
Trading at the market yesterday was very dramatic, today is the second day of voting in Greece. Do not forget that we are almost 400 pips up from opening on Monday and still there is no any pullback, an extremely bullish week. It's very interesting how we shall end. Remember that who flys high - falls badly. Remember also that tomorrow is Friday and next Monday is The Independence day, so I think most of the big players are going to exit the market even today after the voting in Greece. Buy…Continue
The EUR/USD flew towards the second suggested target in Tuesday's report 1.4500 yesterday and broke above the sloping resistance of the rising wedge and eliminated the bearish momentum , add to that Bullish Breakout has been confirmed at 1.4518 on 4 hour , now the pair is extremely exhausted and wants to…Continue
Let's take a look at the NZD/JPY hourly chart.
A key price to watch for is the high from May 31 (67.40). In the shorter term, look for a potential move up to test this high. We may see a test up to the 68.00 mark as well, however, the upward movement seems to be losing its push so once the upward movement completes, look for a potential move down to the 65.00 area and below.
Looking at the daily chart, we may be forming an Ending Diagonal. The above…
Added by Ross Yamashita on June 30, 2011 at 3:34am — No Comments
The EURUSD overall sediment is bullish with the price above the Kumo and the Chikou above price after three consecutive bullish days. Still that doesn’t confirm strong support for long positions. The resistance level from the Kumo flat top at 1.4454 needs to be broken. The pair is unstable with…Continue
Added by ChaosTrader63 on June 30, 2011 at 2:10am — No Comments
Hi everybody, for this outlook video I concentrate on an old favorite, the Aussie Yen cross. I think its time to start concentrating on the Yen crosses a little more than the USD. I hope you enjoy the longer term analysis. Good luck!! David Pegler
Added by FX BOOTCAMP on June 29, 2011 at 9:44pm — No Comments
Earlier I discussed the components that make up the Ichimoku system and now I would like to discuss how to use those components to start trading the system. I will give the basic signals and the most basic analysis for the setups. If you do not know the components please go back and read the blog post,
Ok lets get started! The very first thing that you will want to know before trading is the sentiment of the market. We can know that with just one glance at…Continue
Added by ChaosTrader63 on June 29, 2011 at 8:46pm — No Comments
The GBPUSD is undecided on whether it wants to move above the 200 hour MA at the 1.6069 or move below the 1.6044 level where the 38.2% retracement line is found and where the highs from June 24th and June 28th are found. The bulls have the upper hand as the correction of the move higher today has been limited. Therefore if the price cannot extend below the 1.6044 level, the bulls and shorts should push the price through upside resistance.
Added by Greg Michalowski on June 29, 2011 at 8:08pm — No Comments
We have updated the Trend and %2Hedge charts on our website after some server problems.
Below the US Dollar Spot Index (not USDX Future) based on 6 major currencies against the US Dollar.
Added by Ron Schelling on June 29, 2011 at 6:49pm — No Comments