After the yesterday  slide EURO,GBP are making small narrow range swings during Japanese session.They are currently showing nominal negative net change.But USD/YEN and USD/CHF are also showing nominal negative net change .Appears as contrarian move to handle the crosses.But AUD and USD/CAD are showing nominal USD weakening moves.What may happen during the day?

The forecast model says the following:

Japanese session swings between high and low - but GBP breached the initial high…

Greetings.



Let's take a look at the USD/CHF.



We've been in a downward movement for a while now and, for the shorter term, it looks like it may potentially continue.



We drew in a trend line - look for the pair to potentially move down to test that bottom trend line. Look for a potential target point of .7850 and below.



Good luck with trading.…

Hello everyone..

Yesterday I heard some rumors that the EURO would fall 500 - 700 pips the next 48/72 hours , the reason is Greece ?!!

It looks like the rise that happened last week was fake , words mean nothing , things start getting out to the surface ,…

EUR has failed to breach the last resistance line @ 1.4520, and this produced a very negative signal, then EUR bears came out and made a full reverse. We are now very close to the downside border of the negative Daily Ichimocu and still back in the Daily triangle's formation. The curious thing is that on the downside we also have many support lines starting with 1.4320, 1.4280, 1.4240, 1.4205, 1.4170, 1.4123, 1.4080. We need to close near the last, to resume the downside trend. For today…

Hi everybody, for this outlook video I continue our Euro analysis.  I also include some educational bits and pieces.  I hope you enjoy the video!  David Pegler

After pretty much doing what we said it would last week bouncing to the 20ema and the look for sells after the price touches it, the pair sold off after retracing and rejecting off the 20ema and 50% fib of the last major down-move.  



The pair did not dis-appoint as it sold off 233pips from high to low and was selling from market open with not even a wink higher…

August 2011 might feature an unusual trading day or two - and it worth remembering after what happened on the 6th May 2010

That day was the Britain's election day - when we were left with big indecision and a "hung parliment"

In the currency markets we saw a very unusual day for the Gbp - Check your charts as any new traders might not believe it because - the GBP /JPY moved over 1200 pips that day - YES 1200 pips in a day !!!

And the GBP /USD…

Hi folks

Finally got what looks like some decent pullbacks in the market. Will be looking to build on some fresh long positions and hopefully be able to hold some trades for the rest of the week. What for the NZD interest rate decision today.

Feel free to follow me on twitter: @fxrob

Have a great day trading.

Regards

Rob Helean

 …

the forecast was expecting a rise during us session,but EURO and GBP are making the firming up only - also AUD has come below 1.0125 - indicating the rise was only an extended stop hunt but took nearly 2 session to come down all the way - unusual.- we may see more slide towards close in this session.

earlier I was expecting   volatile moves during last week of the month based on their previous month end time moves.

This time they have taken 2 days to make one sided rise and 3rd…

Gold and silver continue to moderately incline as the uncertainty around the raising of the U.S. debt ceiling continues to occupy the financial news. Today, the U.S. durable goods report will be published and the Euro Area Monterey development report.

Let's examine the metals market for…

Gold and silver continue to moderately incline as the uncertainty around the raising of the U.S. debt ceiling continues to occupy the financial news. Today, the U.S. durable goods report will be published and the Euro Area Monterey development report.

Let's examine the metals market for…

Currently @112.41  and looking very bearish.   The cross  failed to take out the top @113.51 and has pulled back and barely peeking out of the bottom trend line.  Key support to break is the S3 @ 112.12.  A break of that and look for 111.23 as the target (S4).…

we already knew about that but I found this a very good review of the legal situation of Foreign Exchange in the US

Francesc

Euro dollar is sliding in range as fresh fears rose about the implementation of the decisions in the EU summit. The euro is unable to enjoy the weakness of the greenback across the board, as no solution to the debt ceiling crisis is in sight.  

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

EUR/USD…