EUR/USD continued its gradual rise and is now battling strong resistance. There are reports about secret polls in Greece which point to a victory of the pro-bailout New Democracy party. This speculation could eventually turn into a short opportunity as results emerge early on Sunday. Yet again, US figures weren’t so good, but not enough for QE3. Also the ECB isn’t likely to move.…

By at least  0.5% in most polls according to CNBC TV, but reports also suggest that as much as 20 % remain undecided in some key cities.

Most see a New Democracy/PASOK coalition as the likely result, but with a very strong opposition in Syriza

I feel eurusd has regular bearish divergence and strong resistance @1.2680 and support@1.2550

below 1.2680 resistance,my main bias is downside towards 1.2350 and 1.22

and if eurusd pair breaks above 1.2680 then pair may test targeting level @1.30

above analysis…

I've changed my bias completely ... well not exactly :-) and a secret on how I trade these markets..

http://youtu.be/yuMdLO026a4

Our video newsletter is a Sunday through Thursday evening extended video newsletter. Looking at the Stock and currency markets and providing support and resistance levels

To…

Instead of writing my usual post about trade setups, I thought I'd write something different for two reasons;

1) I really didn't like anything going into the Friday before the Greek elections which could get really ugly

2) I wouldn't want to be holding any Spot positions going into tomorrow's London session since the markets now rumor driven

So what I decided was to talk about an alternative to playing a spot position going into this…

So everybody and his brother has prepared themselves for this weekend meaning there may be a lot of cash on hand waiting to jump on every headline or talking head that hits the wires. Central bankers political bosses, guys that want to be political bosses will be flapping their lips like they are trying to fly.

So watch yourselves, pay attention. Newer guys and gals, if it gets crazy, your not sure, just watch. Pick your spots limit risk asap. For god's sakes be safe out…

check your newswires

AUDUSD is still hoovering around the parity level. However, in this sideways market multiple short opportunities have been approaching back and forth. I would like to share just some thoughts with this new image of analysis that shows short approaches from two upper levels under the context of EW corrective moves.…

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The Short trade from my yesterday's posting ended up with a profit of over 90 pips; however, the pair continues to show Fractal like self-similar event to go short again. Here is the last analysis:

NZDUSD is running out of steam to the upside and is very near for a Short trade. Under the Elliot Wave corrective Triangle formation, we have many reasons to approach a sell trade. Aggressive traders are already short on the pair from the 0.78 level with stop above 0.7850 the 161.8%…

SYMPTOMS (some or all of the following):

• WATERY EYES

• MUZZY HEAD

• POSSIBLE DIZZINESS

• FATIQUE

• GIDDINESSS

• VERTIGO

• WOOZINESS

• LACK OF CONCENTRATION

• DISTURBED SLEEP

• LACK OF INTEREST IN STANDING UP (POSSIBILITY OF FALLING OVER)

•…

Currently we are  @ 122.84 in a large rang. A breakdown of the 122.47 suggests a big move to 121.14.  A bounce continues the range back again to the 124.12 area and a break there would target the R6 @ 124.91…

And a larger view with some fibs ..

According to Reuters on market talk that pro-bailout parties likely to win June 17 election.

  EUR/USD edges a little higher on the news, presently at 1.2570

Weekly

Daily

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EUR/USD rose yesterday (June 13th), following weak PPI and Retail Sales releases out of the US. Analysts and traders will be keeping a close watch as events unfold in in Greece and Spain. The second round of the Greek election will be held on Sunday, and the outcome could determine whether Greece remains in the Euro-zone. The bailout for Spain may be a done deal, but uncertainty…

Gold and silver didn't do much yesterday as gold price slightly rose and silver edged down. The mixed trend of major currencies during yesterday's trading may have contributed to the mixed trend in the bullion market. The U.S PPI sharply fell by 1% mainly due to the drop in energy prices. The U.S PPI ex food & energy edged by 0.2%; this news tends to be negatively linked with gold;…

Good morning traders,

Hope you all are doing well :)

Considering trading  EURUSD today, I've just entered long from 1.2548, as I see here a strong (?) support trendline. Below I have the following levels:

- 1.2536 with another support line (started as resistance one, though) - I consider its impact as minor;

- 1.2529 / 1.2517 - current values of MA100 / MA200.

Even lower I see 1.2498, I think of this level as pivotal one. Below there's only 1.2442 - frankly…

I feel   audusd has formed head and shoulder pattern and elliott wave counting shown in below charts.

pair is in correction abc and strong resistance drawn in 4hr chart

4 hour charts…

Hello Friends,

Euro pushed higher in yesterday trading sessions and reached 1.2610 top currently quoting @1.2575. As…