Currently we are at 1.4100 in a bull flag after filling the gap. We are looking now for the end of the correction, but where? A bounce to the downside @ 1.4118 or a continued more to 1.4179 and then the downside move. Either way the target is @ 1.3907 area. The current average daily trading range (ATR) is 139 pips.…Continue
Added by Scott Barkley on February 27, 2013 at 2:31pm — No Comments
BBH - "The dollar's push to almost JPY94.80 on Monday seemed to complete the multi-month advance. The JPY90 level seems to be the key to whether there is a broad side ways consolidation of a outright correction. A correction can see the dollar slip back to the JPY88.00 area and possibly JPY86.00. This would be broadly consistent with a protracted period of political uncertainty in Europe and soft US yields."
Marc Chandler, Global…
Added by Francesc Riverola on February 27, 2013 at 1:51pm — No Comments
i was looking EUR vs NZD at 1,5930.
Maybe could be time for selling on rally with 200 pips target.
R1 was reached.
I am hoping for S1 support.…Continue
Added by Igor Titara on February 27, 2013 at 12:30pm — No Comments
Most Viewed Forex Webinars for the week of February 19th to 25th 2013
#1 Sam Seiden - Using Key Market Correlations For Precise Market Timing
#2 Greg Michalowski - Having the Mindset of a Forex…Continue
Added by Francesc Riverola on February 27, 2013 at 11:46am — No Comments
I see one perfect bullish situation for aussie.
AUDUSD could be bought lower.
We could see 100-200+ pips till on Thursday or Friday.
Any suggestions place here…Continue
Added by Igor Titara on February 27, 2013 at 11:38am — No Comments
spotted a set up for going long last night on GBP/USD
after seeing numerous sudden…Continue
Added by David Pegler on February 27, 2013 at 10:59am — No Comments
Added by Sardar Uddin on February 27, 2013 at 10:57am — No Comments
EUR/USD has leveled off following the volatility which resulted after election results in Italy pointed to a political deadlock. With no party in control of the Senate, there are fears that a prolonged deadlock could lead to a new crisis in the Eurozone. The markets will be monitoring Wednesday’s 10-year Italian Bond Auction, which could be an important indicator of investor sentiment on the heels…Continue
Added by Yohay Elam on February 27, 2013 at 10:20am — No Comments
EURO/AUD HIT ITS 50% MED TERM FIB AT 12677.....NOW THE DAILY STOCHASTICS ARE TURNING BULLISH...SO IM GOING TO LOOK TO BUY WEAKNESS DOWN TO 12720...I THINK EUR/AUD CAN GO MUCH HIGHER WITH ANOTHER TEST OF 1.3200 LIKELY
Added by Carol Harmer on February 27, 2013 at 10:14am — No Comments
ANZ - "Early February’s faltering test of 1.3710 is considered to have completed an interim up-leg within a broad consolidation off last year’s test of 1.2030-40. This suggests that EUR/USD will be range bound for much of this year. However, the near-term bias will be for a ratcheting slide to retracement and previous support during H1. The anticipated path is outlined in Figure 6. A near-term rebound and close above 1.3160 is needed to avoid an early spike towards 1.2880 (50% of rebounds…Continue
Added by Francesc Riverola on February 27, 2013 at 9:46am — No Comments
Deutsche Bank - "In general, everything that has happened will tend to play USD positive on a multi-month basis, to the extent that individual negative currency fundamentals related to the JPY, GBP and CAD have not changed, and now the EUR has largely excluded itself as a possible alternative to the USD as a medium-term long versus these currencies. Equally, particularly now that the USD's natural anti-pole has become less attractive, there is some sense that USD strength is continuing to…Continue
Added by Francesc Riverola on February 27, 2013 at 9:30am — No Comments
Driven to a state of total exhaustion after a trading nightmare?
Lost a lot of you own money?
All the pressure seems to be on you and no other factors matter. In your mind, you are convinced that you must take everything that is thrown at you. Or else you are letting yourself and everyone else down.
Coaches often repeat the words perseverance, resilience, bravery and focus. Easily said, even expensive to listen to. Along with other bland…Continue
Added by Brian Kiely on February 27, 2013 at 9:30am — No Comments
Societé Generale - "Good Morning. I want to be short AUD/USD, GBP/USD, and why not have a fling with some long CAD/JPY for a 'risk-on' bounce in honour of the great and might Ben Bernanke. A hyper-defensive EM strategy approach seems wise given risks and valuations, and in honour of the awfulness of the Transatlantic economic divide, a day's pause in the Tsy/Bund spread may be replaced by fresh widening imminently... …Continue
Added by Francesc Riverola on February 27, 2013 at 9:03am — No Comments
USD index recovered very sharply last week but don't let the strong rally trick you. The fact is that current sharp leg up could easily be wave C) of a flat correction in wave (B) which is unfolding already since September 2012. In fact, price is approaching to some very interesting resistance zone around 81.70-82.00 (61.8% Fibo) where bulls could slow down. As such, larger trend for this market remains down, but only impulsive weakness from that resistance and back to 80.30 figure can…Continue
Added by Gregor Horvat on February 27, 2013 at 9:00am — No Comments
UBS - "USDJPY BULLISH The latest setback does not change the bullish picture. Support is at 90.62 ahead of 88.78. Resistance is at 93.28 ahead of 94.77.
GBPUSD BEARISH Bearish trend conditions persist and any upside must be limited. Resistance is at 1.5219 ahead of 1.5321. Support is at 1.5073 ahead of 1.4949.
USDCHF NEUTRAL There is a strong resistance at 0.9389 - which is the 'last significant high' of the bear trend, a closing break above would be positive. Support is at…
Added by Francesc Riverola on February 27, 2013 at 8:52am — No Comments
Royal Bank of Scotland - "The outlook for the GBP remains weak after a dovish speech by BoE’s Fisher and as BoE members in testimony reiterated the views discussed in the recent MPC meeting that they were prepared to take further measures to spur growth. The UK press reports that Deputy Governor Tucker discussed the possibility of charging banks for leaving cash on deposit at the central bank, which appears to mean targeting negative cash rates.
GBP continues to trade below a key…
Added by Francesc Riverola on February 27, 2013 at 8:36am — No Comments