UBS - "EURUSD BEARISH Bearish trend conditions persist. Focus is on the support at 1.2876, a break below would expose 1.2662. Resistance is at 1.3074 ahead of 1.3134.
USDJPY BULLISH There is scope for further strength in the near-term. A break above 96.71 would open 97.79 and then 99.875. Support is at 95.45 ahead of 94.48.
GBPUSD BEARISH Yesterday's sharp advance does not change the broader bearish picture. Important resistance is at 1.5199. Support is at 1.4912 ahead of…
Added by Francesc Riverola on March 15, 2013 at 8:37am — No Comments
Added by HectorFXtrader on March 15, 2013 at 6:40am — No Comments
The EU bounced a bit earlier than my target at 1.2880. It might try the mission today. However my paln at leat for London session will be looking for buy at 1.2970 target 1.3050. If London opens at 1.3050 I will short to 1.2970
Added by HectorFXtrader on March 15, 2013 at 6:29am — No Comments
EUR has dropped to 1.2910 yesterday but was unable to reach MA200, then the risk reverted and the pair reached 1.3030 in late amercan session following the better tnah expected jobless claims report. This 120 pips reverse move may be the beginning of the long waited correction move. The price this morning moves just below the resistance 1.3020-30. We have formed something like inverted H&S on H4 with 1.3025 neck line. It's quite possible today the move higher to continue. Immediate…Continue
Mr. Kuroda takes over a central bank that has been historically hesitant to pursue aggressive policy easing measures. Mizuho Securities chief market economist…Continue
Added by Curt Wehrley on March 15, 2013 at 3:52am — No Comments
So the imminent drop in EURUSD I spoke of in the last post happened beautifully and was stopped at a predictable level which was an area of previous strength. The upmove we're seeing now is not temporary like the last couple in the past week. It is clear that the reversal at today's bottom is an absorption of supply (yellow square).
What might not be so clear to those that haven't studied VSA is that the blue bar in the chart, the huge up bar from last hour, is a…
Added by Metaneural Trading Systems on March 15, 2013 at 3:22am — No Comments
Euro is weakening and there is reasons to believe that eur/usd will go down tomorrow (at least 100 drop pips).
USD is powering and depending on fundamental data tomorrow it just push lower the european currency.
Some Breaking News for 15/03
14-15 March EU Leaders Hold Summit in Brussels
10:30 Italian Parliament Reconvenes
12:00 ECB Announces 3-Year LTRO…
Added by Igor Titara on March 15, 2013 at 12:34am — No Comments
The Secret to Success In Foreign Exchange… Dream Small !
Otherwise you are Kamikaze trading, and that has an Unhappy Ending!
Beginners guess, big professional traders make it by betting the house every day. Not from what I’ve seen.
For the second year, FXstreet.com will nominate its “Forex Person of the Year”. The idea is to pay tribute to a person, a team of people or a project that has positively contributed to make the Forex world a better place in 2012. The market is huge and full of professionals…Continue
Added by Francesc Riverola on March 14, 2013 at 10:24pm — No Comments
The EURUSD declined below 1.2955 today tested 1.2910 and recovered strongly, almost 120 pips, If we check the daily chart , we have a sloping trend line from 1.3171 and 1.3139, this line capped the pair in Sept 2012 , Oct 2012 and the beginning of Dec 2012, later it was broken to the upside in the middle of Dec 2012, in the beginning of Jan 2013 it served as support around 1.2997 and sent the pair towards 1.3710 levels..
This line contained the downside from 1.3710 levels, the pair…Continue
Just a note for tomorrow on Italy, a country in the midst of finding new leaders. New lawmakers take their seats for opening session tomorrow to elect presidents for each the Lower House and the Senate, an event that may give the market fits.
Added by Yousef on March 14, 2013 at 8:27pm — No Comments
This has been posted on one of my VIP Service blogs couple a days ago.
Charts speaks for themselves.
PS: More on my blog: http://elliottfxtrader.blogspot.com/…Continue
Added by Sigma_Square on March 14, 2013 at 7:24pm — No Comments
As I stated in my last blog post yesterday, GBPUSD was hiding a huge amount of strength and what was potential a day ago is now kinetic. An explosion of buying, which was very predictable if you know what to look for. Next up is a sweet opportunity later today in EURUSD... keep posted.
Added by Metaneural Trading Systems on March 14, 2013 at 5:37pm — No Comments
WIll be posting further analysis later. However, I wanted to point out some behavioural correlations I´m seeing into the bigger picture for both Gold and Crude Oil.-
Below, you´ll see the clusters/value areas that have been containing both assets, so far.-
Added by Demian Pack on March 14, 2013 at 4:00pm — No Comments
Bank of Tokyo-Mitsubishi - "Our current forecasts in large part show the dollar strength partially reversing over the coming months before a more sustained pronounced period of dollar appreciation takes hold later in the year out to twelve months. The partial reversal of dollar buying is more related to cyclical developments with the payroll tax hike, sequester and rising gasoline prices impacting consumer spending and reducing the current level of enthusiasm for the dollar. However, we…Continue
Added by Francesc Riverola on March 14, 2013 at 4:00pm — No Comments
HSBC - "Dollar Bloc:
CAD headwinds – Recent developments have proven problematic for the CAD, from a more sluggish economy and slippage in some commodity prices, to yet another downscaling of the Bank of Canada’s tightening bias. Moreover, the less favourable shift in the fundamental backdrop suggests less CAD strength than we previously expected, and we have adjusted our forecasts accordingly.
AUD going down under – The AUD has been…
Added by Francesc Riverola on March 14, 2013 at 3:44pm — No Comments
EURO/AUD HAS BROKEN A WEEKLY TRENDLINE...AT 12579....THIS IS QUITE BEARISH AND WE LOOK SET TO TRADE LOWER TO 12357 FIRST TARGET, 12273 2ND TARGET AND 12160 OVERALL TARGET..
Added by Carol Harmer on March 14, 2013 at 2:13pm — No Comments
Precious metals did not move much lately, because they stop in larger and more complex corrective price action. Below we have the wave count on silver which appears to be wave four, part of a larger five wave decline. Not sure if wave 4 top is already in, but bias is definitely down. However, any shorts should have tops above 30 figure, just for case if fourth wave will test 38.2% retracement. Break and daily close below corrective channel will suggest that weakness is underway towards back…Continue
Added by Gregor Horvat on March 14, 2013 at 1:28pm — No Comments
Currently we are at 94.11. We nearing the top @94.25 or higher @ the day chart top 94.59. We could see a pullback there so caution is urged. The current average daily trading range (ATR) is 126 pips.…Continue
Added by Scott Barkley on March 14, 2013 at 1:06pm — No Comments