Yen Pairs are in descending channels, with sustain Bearish momentum. For right now keep you Shorts and ease into trending weekend
Outlook – JPY Strong
Added by Sardar Uddin on March 1, 2013 at 8:00am — No Comments
For the past year euro-dollar has been prone to attack. But volatility disappeared in 2012.
Lack of venom due to a declining risk appetite amongst financial institutions was the problem. This market was wounded in the wake an implosion of confidence because of the global financial crisis.
A hypnotic spell cast by Mario Draghi and European government leaders has not helped.
In 2012 Euro-dollar posted its tightest range in 11 years while…Continue
Added by Brian Kiely on March 1, 2013 at 7:52am — No Comments
Added by Carol Harmer on March 1, 2013 at 6:46am — No Comments
Added by Carol Harmer on March 1, 2013 at 6:45am — No Comments
EUR was unable to pass above resistance @ 1.3150-60 and with the bad USD GDP release reversed back to the downside to reach the bottom of the positive Ichimoku on Daily. Currently we are very close to break it lower. We have a good support at 1.2950-60 and i think it will hold the downside this week and will be a good point for a recovery to the upside. Weekly close below 1.3120 wil open the way to attack 1.2900 next week. We may see upside restoring only above 1.3310. There is a lot of…Continue
I think that take sell setup could be good for scalpers.
Euro situation is not good and looking the Manufacturing Purchasing Managers Index (PMI China) the data fell to 50.40 and this movement could the Euro also.
China is very important to verify if the global economy is recovering or contracting.
Well, The pivot point:1,3090 was not reached giving a hint that euro/usd will go down to 1,3010.
Added by Igor Titara on March 1, 2013 at 5:00am — No Comments
GOLD: With a second day of downside seeing GOLD declining strongly on Thursday, further downside is likely. This has exposed the 1,554 level where a violation will aim at the 1,530.00 level followed by the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,602.00 level and then…Continue
Added by fxtech on March 1, 2013 at 1:28am — No Comments
The EURUSD continued to maintain its bearish momentum the past few days after rejection from 1.3318 levels, pressure now will be on the key support 1.3017 ,EURUSD will have to hold below 1.3017 on a 4 hour closing basis to push the market for further downside loses if seen this scenario could push the market further lower towards the 1.2875 levels, where a breach will turn focus on the 1.2735 levels, at this point I'd expect downside to be contained above 1.2735 levels to bring another…Continue
I see EUR ready for long from here with a tiny stop lose , as the double bottom have to set here , anyway , this correction wave have to take us at least to 1.3410 , take care there because the big guys will short from our target , wishing u all a happy trade , good…Continue
Added by Walid H Mohamed on February 28, 2013 at 9:50pm — No Comments
Crude has broken out of 7 day balance area it has been into.
currently sitting at 91.675 as I am wiritng this post, which is a key point – Due to last week´s beahaviour
I´m working towards the scenario of a big move in either direction.
To the downside, I´m looking into $91.50, followed by $91, $89.95, $89.75 & $89.30
To the upside, I would like to see $92.75 regained. Then, I will be looking into $92.90, $93.15 &…Continue
Added by Demian Pack on February 28, 2013 at 7:49pm — No Comments
You can agree or disagree with their conclusions..., but for me, this is a brilliant piece of analysis... Bravo for HSBC!
1595 & 1590 as important points for price to recover.
For longs I would be starting to become wary below 1586-85, being 1581-1580 another important spot – the closer price gets there (without appropriate buying response), the closer the sellers are to push price lower. 1575. 1572, 1569 as another key point I´ll be watching.
Might sound like a tautology, but that it is what I am seeing now.…Continue
Added by Demian Pack on February 28, 2013 at 4:11pm — No Comments
Still contained within the boundaries pointed yesterday.
1.3020-1.3000 as key price point, followed by 1.2940
Added by Demian Pack on February 28, 2013 at 3:56pm — No Comments
I was discussing this topic with a fellow trader and wondered if I could get some feedback here. I trade a mathematical system and I have recently automated it so for me and my trading, emotion no longer has anything to do with it. On the other hand most people do not use automation yet which means they are forced to wrestle with the psychological side. So my question is this: Does having a mathematical edge that is automated really alleviate the psychological side of trading?
Currently we are at 1.0250 after a nice correction. We are looking now for the continuation to the support @ 1.0221 (chance of inverse head and shoulder there) with further targets at the second wave S4 @ 1.0145 area. The current average daily trading range (ATR) is 76 pips.…Continue
Added by Scott Barkley on February 28, 2013 at 2:14pm — No Comments
USDJPY gapped higher on Sunday and then reversed sharply lower on Monday during the US hours when stock market fell. As such, wave (v) was a little short but still valid because pair reached new high at 94.53 and completed black wave 3. As such, we suspect that pair is now in a three wave retracement lower in wave 4 that may reach 90.00 level. One possibility is also a flat in wave four if rally from 90.92 will be in five waves.
If wave count below is correct, then pair should reverse…Continue
Added by Gregor Horvat on February 28, 2013 at 2:12pm — No Comments
Deutsche Bank - "Almost all currencies appeared to have peaked against the dollar, and the more recent rise in USD/JPY suggest the broad dollar is embarking on a multi-year uptrend. Superior US growth should support the rotation from bonds to equities that will help the dollar. Abenomics shows the scope central banks outside of the US have to weaken their currencies against the dollar. China rebalancing away from investment provides a downside risk to the China-linked currencies that have…Continue
Added by Francesc Riverola on February 28, 2013 at 12:45pm — No Comments
"• A trifecta of factors suggests the bottom of the range is likely in for AUD/USD
• These are: positive CAPEX data; RBA indifference around current AUD levels; large reserve managers holding AUD in their portfolios
• We are long AUD/NZD to reflect this view"
Added by Francesc Riverola on February 28, 2013 at 12:42pm — No Comments
Added by Sardar Uddin on February 28, 2013 at 12:12pm — No Comments