EUR/JPY- While the cross closed slightly higher above our highlighted resistance at the 116.46 level, its April 18’2011 low on Tuesday, it has backed off that level in early trading today. We expect the 116.46 level to continue to cap gains. Guest post by www.fxtechstrategy.com This should turn EURJPY lower towards the 114.78 level with a … “EUR/JPY Continues To Face Bear Threats”
Category: Opinions
8 Worrying Similarities Between Spain and Ireland
The bailouts for Greece, Portugal and especially Ireland were supposed to prevent a bailout for Spain. While the Spanish and Irish economies differ in size, they went a similar way into the crisis. Will Spain have Ireland’s fate? Analysis of 8 similar and worrying similarities. The Euro-zone’s fourth largest economy is double those of Ireland, … “8 Worrying Similarities Between Spain and Ireland”
China’s gradual economic rebalancing
Against the backdrop of crucial bilateral talks between the world’s two superpowers, it is clear that China increasingly understands the urgent need to undertake economic rebalancing. For instance, PBOC officials have repeatedly stated over recent months that a stronger exchange rate can play a part in inhibiting the build-up of inflationary pressures. This is a … “China’s gradual economic rebalancing”
USD/CHF Trades Higher While S&P500 Facing Resistance
The US stocks are up today, but looking on the 15min S&P500 chart, we can see only three waves of recovery from the lows, which could be a corrective move. In fact, we see a divergence on the MACD histogram with slower price action in wave C compared to wave A; which is a very … “USD/CHF Trades Higher While S&P500 Facing Resistance”
USDJPY: Consolidating
Dollar/yen: The pair is now consolidating following its hammer triggered recovery off the 79.59 level, its May 05’2011 low. On a further strength, the pair should aim at the 81.70 level, its May 02’2011 high with a violation of there targeting the 82.80 level, its April 27’2011 high. Guest post by www.fxtechstrategy.com A cap is … “USDJPY: Consolidating”
EUR/USD Halts Long Term Uptrend, Triggers Correction
EURUSD: Following a price collapse wiping out almost all of its two-week gains and a break below its medium term rising channel the past week, further corrective weakness is expected to push the pair further lower. Guest post by www.fxtechstrategy.com Despite its attempt at repairing a part of that technical damage in early trading today, corrective … “EUR/USD Halts Long Term Uptrend, Triggers Correction”
Aud/Usd Forming A Corrective Pull-back
Aud/Usd lost some ground in the past week, moved few pips below 1.0580 region but enough for invalidation of any bullish impulsive incomplete structure. As such, we think that top is in place, despite hawkish RBA at the end of the week, when pair found the support around 1.0535. Guest post by Gregor Horvat From … “Aud/Usd Forming A Corrective Pull-back”
AUD/USD Vulnerable On Correction
With AUD/USD wiping out its previous week losses and closing lower on a bearish engulfing candle pattern (top reversal signal), risk of further weakness is expected. This is coming on the back of a loss of upside momentum at the 1.1009 level. Guest post by www.fxtechstrategy.com With that said, risk of further weakness points lower … “AUD/USD Vulnerable On Correction”
Elliott Wave Weekly Wrap Up Video.
Hello Traders! In the next Weekly Wrap Up video we will go through the daily charts, and will present our bias for the next few days if not weeks. It really seems that US dollar is headed even higher, and that leg seen in this past week, is just start of something bigger. Guest post by … “Elliott Wave Weekly Wrap Up Video.”
EUR/CHF Sets Up For A Run At The 1.2422/04 Levels
The outlook for EURCHF remains to the downside following its loss of upside momentum at the 1.3238 level, its 2011 high. With continued declines seen at the end of the week, risk of further weakness is building up towards its major support at the 1.2422/04 levels, its Dec’2010/Mar’2011 lows. Guest post by www.fxtechstrategy.com The cross is … “EUR/CHF Sets Up For A Run At The 1.2422/04 Levels”