Yesterday saw Dollar losses follow-through and mostly looked quite encouraging for the potential new lows but firstly I can’t say that the rally in EURUSD inspired greatly and that sudden whip high in USDCHF was not at all helpful. The 1.0448 high where is stalled does happen to be a harmonic retracement level so at [...] [...more]
DAILY FORECAST FOR AUDJPY Bias: I feel we may have seen the high already. I am still rather cautious about expecting breach of 80.03 and feel that the area between 79.54-74 has a few projected targets so with quite a number of bearish divergences around we should be aware of the risk of a reversal [...] [...more]
2009-09-29: Bearish Sentiment Persists in TradingThe USD and JPY maintain their rallies over their riskier counterparts as traders try to decipher officials’ comments regarding exit strategies and interest rate hikes for the near future. Today sees the first day of important economic news form the U.S since the G20 summit, which will likely cause volatility [...] [...more]
2009-09-29: Bearish Sentiment Persists in TradingThe USD and JPY maintain their rallies over their riskier counterparts as traders try to decipher officials’ comments regarding exit strategies and interest rate hikes for the near future. Today sees the first day of important economic news form the U.S since the G20 summit, which will likely cause volatility [...] [...more]
EURUSD negative trend was extended, however bulls are not giving up easily. Another attempt to move above support level can influence bears to hide in a forest while bulls can climb up by confirming a break of negative trend. This pair has a chance to enter neutral zone today and for now waiting actions stays. [...more]
Yesterday was mostly in line with expectations although with a few small variances. However, I’m not entirely comfortable with the moves in EURUSD and USDCHF. The stalling point in the former at 1.4527 was within the support area I provided and from that point of view does still hold within a bullish structure but within [...] [...more]
DAILY FORECAST FOR EURJPY Bias: Care here – there seems a risk of seeing 130.60-84 again – but overall I expect gains No break was seen below 130.48 and gains seen from the 130.69 corrective low. I’m a bit mixed and there does seem risk of price retesting this 130.69 area again – but probably [...] [...more]
