DAILY FORECAST FOR EURUSD Bias: While 1.4345 caps I feel the downside could recycle down to 1.4226 before higher The stronger pullback higher places a different emphasis on the wave structure and my preference is that we should eventually see a break below 1.4314 that should trigger another round of losses through the 1.4280 pivot [...] [...more]
2009-08-31: Forex Traders Anticipate Heavy News WeekThe dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of U.S., Europe and [...] [...more]
2009-08-31: Forex Traders Anticipate Heavy News WeekThe dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of U.S., Europe and [...] [...more]
EURUSD a possibility of a trend reversal still exists, at the moment the current situation claims that a when support level at 1.4268 is not valid, negativeness can start for this pair. For now this pair remains in neutral position with a chance to start selling. [...more]
The first move the Dollar made against the Europeans summed up the rest of the day, at least against in EURUSD and USDCHF. This should imply the former should retest the 1.4208 low while ideally USDCHF should reach the 1.0713-18 area again – but progress has been slow here so that leaves a small question [...] [...more]
DAILY FORECAST FOR AUDJPY Bias: Care at 77.48-73 as I feel this could stall the immediate downside The 79.27-42 resistance capped perfectly and has provoked a stronger push lower. There is support at 44.48-73 and watch this area closely for a bullish reversal pattern. If this develops trade the break as this would tend to [...] [...more]
2009-08-28: U.S. Consumer Spending Report at Forefront of Forex Trading TodayForex trading to today are set to be driven by a batch of data from both the U.S. and Britain. The main release from the U.S. today that traders are waiting for is the Consumer Spending, also known as the Personal Spending report from the [...] [...more]
2009-08-28: U.S. Consumer Spending Report at Forefront of Forex Trading TodayForex trading to today are set to be driven by a batch of data from both the U.S. and Britain. The main release from the U.S. today that traders are waiting for is the Consumer Spending, also known as the Personal Spending report from the [...] [...more]
EURUSD has extended the previous positive trend, while candles are holding above resistance level at 1.4336, bulls can continue to strengthen against bears further. A possible trend reversal can occur after breaking the support line at 1.4268. [...more]
